The Sun.
London, England, 1866-05-18 00:00:00

NONEY MARKET

AND

COMMERCIAL INTELLIG-F,Nc`f;

TWELVE O'CLOCK.

The Money Market is still in a very stringent
condition, and the Gazette return published last
evening is evidencing greater reserve on the part of
the brokers. Only first class bills of short date are
taken at 11 and 12 per cent.
The sum of £6,000 was taken from the Bank of
England yesterday afternoon.

The bills of the New Zealand Bank Corporation
have been returned by the London agents, and
also those of the Oriental Commercial Bank. With
respect to the latter establishment, it is understood
that arrangements have been made for meeting its
engagements. Both these banks have not been
long established, and they transacted but a small
business.

The Bank of England return is the most unfav-
ourable that has been issued for many years, but it
is nevertheless satisfactory to know that the autho-
rities have not had to use the enlarged powers con-
ceded to them by the Government. The reserve of
notes has been reduced more than £4,000,000, leav-
ing an available balance of only £730,830. The
other securities have been decreaSed to £10,000,000.
Annexed are the particulars :

Active Circulation
Increase

... ... £26,120,995
... - 3,776,600

... 12;323,805
•.• 832,335
_ ... 3,343,412
Increase
... 105,825
Public Deposits ...
... 5,936,219
Increase ... 154,392
Other Deposits 18,620,672
Increase ... 5,105,133
Seven Day and Other Bills ... 529,822
Increase 67,557
Government Securities ... 10,837,056
Decrease ••• •.• ••• ••• 57,198
Other Securities ... 30,943,219
Increase ... 10,099,042
Notes Unemployed 730,830
Decrease ... ... 1,219,495
The Asiatic liank Corporation have issued their
report, which states that the losses for the year are
estimated at £142,000, and the profits, out of which
a dividend of 5 per cent. was declared for the half-
year, £61,494. The directors propose to write off
£87,500, being one-half of the reserve fund. The
losses have principally arisen in Bombay.
Some unfavourable features are shown in the
Bank of France return. An increase has occurred
in the notes in circulation of £128,000, in the bills
discounted of £1,426,670, and in the advances of
£128,000, while a reduction has taken place of
£224,000 in the bullion.

Bullion

Decrease

Rest

Two o'CLocK.

The English Stock Market showed indications
of depression at the opening in consequence of
sales by speculators, who purchased at a lower
range of values. Subsequently prices recovered,
and Consols are now quoted the same as they were
at the close of business last evening, viz., 871 for
money, and 86i I for the account. The New
Threes and Reduced Annuities are 851 ; Exchequer
Bills for March, 15s. dis., and for June, 3s. dis. ;
India 5 per Cents., 105; ; and ditto Bonds, ss. to
10s. prem.

In the Foreign Stock Market quotations exhi-
bited steadiness. Turkish 5 per Cents. are 314 32 ;
Mexican, 17 4 ; do. New, 144 151 ; Greek 10} 11 ;
Spanish Passive, 21i 22 ; the Certificates, 141 15;
Italian, 384 391-; and Brazilian Scrip, 6} 5i dis.
United States 5-20 Bonds, 654 66 ;„Erie Shares,
45i ; and Illinois, 77i
The operations in the Railway Share Market have
been limited, but prices have shown more firmness.
Lancashire and Yorkshire, and Metropolitan have
each advanced 10s. ; and South Eastern, £1 ;
while Great Eastern have declined 55.; and Mid-
land, 10s.

In the Foreign and Colonial undertakings there
has been little change of importance. Great
Western of Canada have improved to 15 11.
Bank and Miscellaneous Shares are inactive, but
in some instances are rather firmer. Bank of
London have advanced to 16 ; Chartered Mer-
cantile of India, London, and China to 38 40 ;
London and County are marked 75i 76 ; Credit
Foncier and Mobilier of England, 3 2i ; Egyptian
Trading Company, 6f dis. ; London Financial, 7
; and National Discount Company, 12i.