The Sun.
London, England, 1866-10-16 00:00:00

T N v MARKET

AND
COMMERCIAL IL TET•LIGENCS.

TWELVE O'CLOCK.
The Money Market is becoming extremely easy
through the excessive, supplies of floating capital,
now daily increased by the distribution of the
Government dividends. At the same time the re-
quirements of the commercial community appear for
the moment to be gradually diminishing, and the
rates consequently tend downwards. First class
trade bills are negotiable at 4if and 4+ per cent.,
and bankers very short-dated acceptances at 38
and 4 per cent.

The liquidation of the bi-monthly account at the
Stock Exchange will be conclndcd this evening, and
the arrangements have generally imparted firmness
to quotations. Some of the railway shares and
foreign stocks which were lately much depressed
through speculative sales have been in request, and
having to be repurchased, have consequently im-
proved in value. The English Funds are rather
dull this morning, Consols being 891 for money,
and 891 for the account.
It is generally considered probdole that within
a short time we shall experience an effiux, of the
precious metals. The rise in the price of cotton
is occasioning a hardening tendency in the rates for
Silver, and it is not unlikely that in a day or two a
demand may arise for this metal for shipment to
India. Meanwhile those parties directly connected
with the Eastern trade are awaiting the result of
the fortnightly biddings which take place at the
Bank of England to-morrow.
A withdrawal of £BO,OOO in sovereigns took place
yesterday at the bullion office of the Bank of Eng-
land. This amount is required for shipment to
Alexandria to pay for cotton.
The mail from Guayaquil has brought a remit-
tance of £5Bl 3s. 9d., on account of the dividends
on the debt of Ecuador.

This day has been issued a facetious pamphlet,
the title of which is ‘, Managers and Marionettes.
Addressed to Directors, Mis-Directors, and Dupes.
By a Victim." it is published by Effiingham
Wilson, Royal Exehange.
It is announced that Mr. T. R. Holmes, who has
been upwards of 40 years with Messrs. Overeni,
Gurney, and Co., has commenced business as a bill
broker, in conjunction with Mr. Rees Wood, at
48, Threadneedle-street.

An important advance in the quotations of the
Venezuelan Loan has taken place in consequence of
the following communication by the Government at
Caracas, intimating that the portion of the duties
appropriated for this debt will be again remitted :

TO THE EDITOR OF THE SUN.
SIR,—It is with much pleasure that I acquaint you, for
the satisfaction of those of your readers who are interested
in the Venezuelan Loan of 1864, that I have this day re-
ceived official information from Caracas to the effect that
the disturbances of the public peace in the state of Zamora, "which had compelled the Government to raise a numerous
army, and also for a time to consecrate to the re-establish-
ment of peace all the duties set apart for the fiscal debt,
bad entirely ceased, and with it the necessity for further interfering with the export duties after the end of October,
and that from November 1 they would be remitted as pre-
viously to meet the claims of the bondholders of 1864 Loan.
Venezuela is now entirely at peace at home and abroad.
FREDIC. H. HEMMING, Consul.
25, lloorgate-street, Oct. 15.
The directors of the Port Philip and Colonial
Gold Mining Company have received advices from
their resident director, R. H. Bland, Esq., dated
°lune; August 21st, 1866. The following is the
return of quartz crushed for the month of July :
Quartz crushed, 4,941 tons ; ditto per week, 1,235
tons; ditto per head per diem, 3 tons 4 cwt. 2 qrs. ;
geld obtained from quartz, 1,454 ozs. 5 dwt. 12
girs• ; ditto pyrites, 107 ozs. 1 dwt. ; total gold,
ozs. 6 dwt. grs ; average per ton, 6 dwt.
fgrs' ; loss of gold per ton, 1 dwt. 13 grs. The
°ard will observe with satisfaction the improve-
In in the yield, which has been fairly sustained
Since the makino. up of the above return. This is the
result of of sampling the mine, enabling us to
system
large amount of very poor quartz. This
?stem now so well understood here as the only
,thue whereby the mine can be worked to advantage
c at hope there will be less trouble than formerly in
arrYiuerg it out. We are very often much deceived
aPpearauce of the quartz, and the change from
Rotheto
payable mineral is frequently rather sudden.
calculations as to yield are therefore occasion-
hoY upset, but with common care and attention I
tinPe we may not have again to report such a con-
Ilance of low yields as we have had of late. An
ad easienal low return, however unpleasant, has the
of v,,,utage of forcing economy into all the branches
viewLe.e establishment, a subject kept continually in
harry he Victoria London Mining Company, Limited,
Whicheeeeived advices to the 25th August last, by
Which it appears that generally the undertakings in
Ttell investments have been made were progress-
ell Satisfactorily. A remittance on account of divi-
,ueecis received to the Ist August, of £l,OOO, has
D n received by this mail.
Ia !nththe foreign and colonial produce markets dur-
e last few days there has been a very limited
a_thl?unt of business transacted. Sugars have barely
have boon
former rates, while the operations in tea
tit
.oell deferred until to-day, when a large quan-
:_ tit new season's crop will be offered for public
he pettion.
-Rice has been inactive, and a shade
hn..a?er; while in tallow a large speculative business
been done,ticterable extent.
and prices have fluctuated to a con-
The receipt
Jul a an
July were as folld expenditure for the month of
Receipts ows
Total ex
Penditure :

... £5,833 18 11
... 4,020 4 7

Profit for month ... ...
Duo Bank last month 1,813 14 4
... ••• 544 13 1

..._
Available balance ... ... £1,269 1 3
The above result is, I consider, on the whole satis-
ta.ctory, taking into account the low yield. The
debt of £544 has been cleared off, and a bane
left of £1,200 to divide between the two complaaniesc,
and £69 to carry on to this month's account. Four
Weeks' return (August) :
•
Quantity of Quartz crushed
Gold obtained ... 4,699 tons.
I,
... 1,417 ounces.
'Yield per ton
... ... ... 6 dwts 5 grs.
Remittance, .£7OO.

Two O'CLOCK.
According to Reuter's telegram from Paris, to-
day, the French Rentes were 68f. 95c.
Not the slightest alteration has taken place in
the English Funds, and all the other departments
`tenote an indisposition on the part of the public
either to invest or speculate. With the abundance
(3f,
111"eY, however, a steadily growing trade
P
-"reughout the United Kingdom, and with the
at
oiling confidence in the state of political affairs
“°llle, Consols, notwithstanding the depression
extraordi
.484a11Y experienced in periods of inactivity are
more narily firm; they are now 891 for
Ne and 891- 981 for the account. The
Threes and Reduced Annuities are 87f ;
2,lehequer Bills, par ; Bank Stock, 242 244 ; India
i° 212 ; ditto 5 per Cents., 1054 ; and ditto 5f
CrP Cents. Enfaced, 106.
in Few
alterations of importance have taken place
chit he prices of Foreign Stocks. The members are
to eIY engaged with the settlement, which is brought
ar a satisfactory conclusion. Turkish 5 per Cents.
13e, firm at 291 ; Mexican at 151 ; Greek at
e 14 ; Spanish Passive at 211 ; but the Certifi-
ilt sate
are depressed, being * lower, at 131- 14 ;
athan have advanced to 551 1.
ti in the Railway Share Market has con-
er' Very quiet, and pricei generally show in-
Great depression. Metropolitan have declined 21,
treat Eastern ; Great Western and South
estere, each 1: Great Northern A Stock, I ; and
7d°e, Chatham, and Dover, f
no 11 the Foreign and Colonial lines there has been
are real variation. Bahia and San Francisco
43.1flarked 121 I' Dutch-Rhenish, 19k; East
41,, 102 i 1031 ; and Punjaub, 98.
values Securities are generally at improved
to 68 United States 5-20 Bonds have risen 1,
Illinois 1 ex div. ; Erie Shares 1, to 49 50 ; and
to 78 79. ,At.tautio
D411:1! Ore/ at Western Debentures have