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

MONEY MARKET

AND

COMMERCIAL iN TELL IGENi-k.

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

Bullion

... 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 •.. ..• 5,105,135
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 Bank 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 lia4 taken place of
£224,000 in the 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., 87+ for
money, and 86i I for the account. The New
Threes and Reduced Annuities are 85! ; Exchequer
Bills for March, 15s. dis., and for June, 3s. dis. ;
India 5 per Cents., 105+ ; and ditto Bonds, ss. to
108. prem.

In the Foreign Stock Market quotations exhi-
bited steadiness. Turkish 5 per Cents. are 31! 32 ;
Mexican, 17 f ; do. New, 144 151 ; Greek 10i 11 ;
Spanish Passive, 21i 22 ; the Certificates, 144 15;
Italian, 384 391 ; and Brazilian Scrip, 6i 5f dis.
United States 5-20 Bonds, 651 66 ; Erie Shares,
45 ; and Illinois, 77} 4.
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 58.; 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 I.
Bank and Miscellaneous Shares are inactive, but
in some instances are rather firmer. Bank of
London have advanced to 16 4 ; Chartered Mer-
cantile of India, London, and China to 38 40 ;
London and County are marked 754 76 ; Credit
Foncier and Mobilier of England, 3 2/ ; Egyptian
Trading Company, 6f dis. ; London Financial, 7
8} ; and National Discount Company, 12k.

BRITISH FUNDS-CLOSING PRICES.
GCVERNMENT FUNDS.

3 per Cent. Consols
Do. Account, May 9 B6* 1
3 per Cent. Reduced 85.1 I i
New 3 per Cent B5l 1i 1 i
New 21 per Cent. Jan. 1894 —
Do. 5 per Cent. Jan. 1873 —
Annuities, 30 yrs, expire sth Jan., 1880
Do. for 30 yrs, expire sth AprillBBs —
Do (Red Sea Telegraph), Aug., 1908 —
Exchequer Bills, £l,OOO, 3 per Cent, March.—
Do. £5OO l5
Do £lOO and £2OO
tank oi. England Stock, 5 per Cent
Do Account
INDIAN GOVERNMENT SECURITIES.
ndian Stock, 101 per Cent., April 1874 —
Do. Account
Do. 5 per Cent. July, 1870
Do. 4 per Cent., Oct. 1888
Do. Certificates
Do. Enlaced Paper 4 per Cent —
Do. 5 per Cent., Jan. 1872
Do, 51 per Cent., May 1879 lO7l
Do.D Do.
BDoenbd.,s, ec
4 peir,oCoeo 5 10nt., Aug. 1866
Do. under £l,OOO
FOREIGN FUNDS—CLOSING PRICES.
Austrian Bonds, 6 per Cent, 180
Argentine Republic, 6 per Cont., £l5 pd — pin
Austrian
Do. 41 per Cont., 1852-58-60
Do. 1863
Do. 1865
68 f
Do Account
1 811
Do. Scrip, £45 paid
Buenos Ayres 6 per Cent —
Do 1 per Cent. (Deferred 3 per Cent )
.3hilian 6 per Cent —
Do Scrip, £5O paid;
Do. 41 per Cent —
Do. 6 per Cent
Colombian 6 per Cent.
Juba, 6 per Cent.
ianish 3 per Cent., 1825
Danubian Principalities
Do. Account
Equador New Consolidated, 1 per Cent —
Do., Provisional Land Warrant
Do Deferred
gyptian 7 per Cent.
Do., Second Issue
Do £lOO Bonds
Do. 1.864
Do £lOO Bonds ..............
re& —
Do. Government Railway Debentu 87
Do. £5O paid
51 dis
,reek 5 per Cents., 1824-5, ex Coupons
Do. Account
Do. Coupons
Do. Account
ivatemala 5 per Cent.
talian 5 per Cent 1865
Do Account 5B
Do. Maremmana Railway
Mexican 3 per Cent
Do. Account
Dn 1864 l5
Do 6 per Cent. Anglo-French
ffontevidean 6 per Cent., £3O paid
Moorish Imperial 5 per Cent
New Granada —
Do 2 per Cent —
Portuguese 8 per Cent, 1853
Do 3 per Cent, 1866, '7, '9, '6O, '62, '3, -/"X•
Do. Account
Russian 5 per Cent., 1822, £ St B3*
Do 4* per Cent. 1850
Do 4 t,,-;;;;r Cent., 1860
DC, a per Cent. 1859 —
Do 6 per Cent. 1862 B4l 4 31
Do 5 per Cent. 1864
"ii„'" --
Sardinian. 6 per Cent ,••• • • ti ....... ...
Do. Account • • • emit
Spanish 3 per C!,,,ko:—
Do litv.tt,lll
Do New Deferred
Do Account
Do Passive
Do Account
,nanish Cert. of Coup not funded -
Do Account
Swedish 4 per Cent.
Do. 41 per Cent. 1864
Turkish 6 per Cent. 1851 —
Do Account ,--.
Do 6 per Cent. 1855 -
Do Account —
Do £lOO Bonds .. —
Do 6 per Cent. 1862
Do Account 621 3 1
Do £lOO Bonds 64f 4
Do 6 per Cent., 1863 5B
Do 5 per Cent., 1865, paid up Scrip."
Do Account
Do. 4 per Cent. Guaranteed —
Venezuela 3 per Cent.
Ditto account —
Do 6 per Cent., 1862
Do. Account
Do. 1864 3l 1
Dividends on the above payable in London.
Italian 5 per Cent., 1861, Ex. 25f. ..
Do. Account

Juno.

Consols for m THREEO'CLOCK.oney
Doi ACCOIUItNia irist. moimitittwitwitot 6t3i t