The Sun.
London, England, 1866-04-16 00:00:00

DTONEY MARKET

AND

COMMERCIAL INTELLIGENCE,

TWELVE O'CLOCK.
The Money Market presents no new feature of
interest. The supply of capital afloat is abundant,
but the rates remain at 51, and 6 per cent. for first
class short dated papor. What is contributing to-
wards the hardening of the quotations is the out-
flow of gold to the continent, and of silver to the
east.

In the bullion department of the bank on Satur-
day the operations comprised £120,000 withdrawn
for exportation, and £20,000 received.
The report of the Telegraph Construction and
Maintenance Company has been issued. The net
profits for the year,lafter making all deductions and
reserves, leaves a disposable balance of £127,243,
out of which a dividend, at the rate of 10 per cent.,
is recommended, leaving a reserve of £81,177, and
an amount to be carried forward of £16,588.
We are informed on good authority that the
directors delegated by the board of the South-
Eastern and London, Chatham, and Dover Railway
C°mPanies have determined to recommend an
arrangement for the fusion of theinterests of the two
companies. This arrangement cannot fail to be
beneficial to the shareholders, while it will afford
increasedr facilities to the public.
The advices from most of the principal manufac-
turing districts for the past week state that busi-
ness generally has been very inactive, the unsettled
state of foreign policy having caused a suspension
of export operations. At Manchester cloths and
Yarns have been at reduced rates, while at Leeds,
,Bradford, and Huddersfield, there has been little
business reported in any description of woollen
Foods. In Birmingham, Sheffield, and Wolver-
hampton also less animation has prevailed in most
departments of business.

Two o'CLocK.
the 3 per Cent:Rentes were 67f. 20c. Firm.
The English Stock Market opens with an appear-
ance of heaviness, but subsequently there were some
BPeculative purchases, and prices' improved k per
nt. The tone of the market is, however, far
from!re encouraging. Consols are now quoted 86k 1
_money, and 86/ k for the account. The New
tilrees are 841 I, and the Reduced Annuities, 844 ;
,ank of England Stock, 246 248 ; and India 5 per
kients., 1034
In the Foreign Stock Market a little fluctuation
has occurred, but there has been no material change
21,prices. Turkish 5 per Cents. are 33/ ; Mexican,
/; ditto New, 17/ 181 ; Greek, 13 + ; Spanish
5 Passive 251, ; the Certificates, 15/ ; Italian, 54
,i 5; Egyptian Railway Loan, 4 2 dis. United
States Government 5-20 Bonds, 68/ 69k ; Erie
Shar
• es) 52 531 ; and Illinois, 79k 80.
IQ the Railway Share Market business has
remained very quiet, and prices generally have
'nown little change of importance. Great Western
andi Metropolitan have each declined 55., while
Brighton
Eastern (Berwick)h ave improved 55., and
'righton £l.
The Foreign and Colonial lines exhibit no change
Worth recording. Grand Trunk of Canada are flat
at 24k.
Bank and Miscellaneous Shares continue dull.
Imperial Bank have receded to 28 ; London Bank
of Mexico to 12/ to 13 ; London and County to
771. General CAdit and Finance are dealt in at
4 4k. London Financial at 151, and Overend,
forriey, and Co., have receded to 131 ; the Pasha
Egypt's New Loan Scrip is quoted at I.lk prem.,
and London, Chatham, and Dover Scrip 2 2/
Prem.