The Sun.
London, England, 1866-04-24 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE,

TWELVE O'CLOCK.

The Money Market remains in a very inactive
!tate, the inquiry for discounts being exceedingly
tainted. The lowest quotations of the brokers, how-
elrer, are still 5 and 6 per cent.
There were no bullion operations of importance
at the Bank of England yesterday afternoon.
A meeting of Spanish Passive bondholders and
certificate holders is to be held on Saturday, for the
Purpose of considering the expediency of requesting
the committee of the Stock Exchange to open the
market for the negotiation of Spanish securities.
The Smyrna and Casaba Railway Company pro-
-I)°4e to issue £230,000 debentures bearing interest
at the rate of 8 per cent. per annum at the price of
47 10s. per £lOO. The debentures now offered
constitute a first charge on the entire undertaking,
the capital of which is £BOO,OOO. They will be re-
deemed in 11 years from the Ist July, 1867, at par
by annual drawings. The allotments will be made
lttetiy in the order in which applications are m-
e:Pre& The brokers are Messrs. Scrimgeour and
".) of Old Broad-street.

, the foreign and colonial produce markets there
has been very little animation during the last few
(14313, and prices generally have remained without
material variation. Sugars have continued in very
limited
request, but there has been a fair inquiry
for coffee, rice, and tallow.
At an ordinary general meeting of the share-
holders of the Australian Mortgage Land and
Finance Company, held to-day, the directors re-
commended the payment of a dividend, for the six
months ended December, at the rate of £l2 10s.
Per cent. per annum.

Two O'CLOCK.
According to Reuter's telegram, this morning,
the 3 per Cent. Rentes were 67f. 70c. Flat.
The market for the English Funds has been well
maintained, but no change of importance has taken
Vacs in values. The recent inclination of the public
noticed in these columns to return to Home Go-
7ernment securities is still observable, and daily
6011eg fide transactions for investment are reported.
Consols remain at 874 for money, and 871 4 for
the account. With regard to the other English
Government Stocks there is no particular change to
record, but there is a slight tinge which may be
Partially ascribed to the proceedings in the House
1:1 Commons ; yet it may be reasonably expected
that an improvement will take place as soon as the
Government of the country is established on a
satisfactory basis.
In the Foreign Stock Market several dealings
have taken place, and prices generally have im-
proved. Mexican have risen 4 per cent., viz., to
201 ; and the New Loan, to 18* f ; Spanish
Passive remain at 25i ; but the Certmcams
are better at 15i 4 ; Turkish 5 per Cents., con-
tinue steady at 34 -a ; Italian are weak, being per
cent. lower, at 531 1 ; Chilian Scrip is quoted par
to 1 prem. ; Brazilian Scrip, 24 dis. ; Egyptian
lt ailway Scrip, 3 2 dis. ; and ditto New Loan Scrip,
,
2i prem. ; American Securities are buoyant.
United States 5-20 Bonds are 70* ; Erie Shares,
62 ; and Tllinois, 794 801.
Most of the finance shares are flat, owing to the
recent failures among the banking community and
the continued firmness in the rates of discount.
Business in the Railway Share. Market has con-
tinued very quiet, and in several instances prices
are a shade flatter. :North Eastern (Berwick) have
receded I, Midland *, London, Chatham, and
hover 4, and Great Northern 1.
In the Foreign and Colonial lines there is little
'Variation to report.
Bank shares are very quiet. Consolidated are
dealt in at 9* ; Hindostan, China, and Japan at
13 ; Alliance at 23f ; London Bank of Mexico at
.
; and Imperial Ottoman at 114 f.