The Sun.
London, England, 1866-12-27 00:00:00

MONEY XARKET

AND
COMMEROI aL INTELLIGENCA

TWELVE O'CLOCK.

The Bank directors have not varied their rate of
discount, and the general Money Market is un-
moved; the inquiries are on a moderate scale, and
fine qualities of commercial paper are taken as low
as 31 per cent.
There was an influx of gold to the amount of
£65,030 at the Bank of England yesterday.

The new edition of The L'anl,•ers' Almanac and
Diary for 1867 has been issued, edited by Mr. D.
Moricr Evans, and published by Me,:srs. Groom-
bridge and Son, and Messrs. Waterlow and Son.
This volume will be found extremely useful, as it
contains a full account of all banking, financial,
and other mercantile failures that have occurred
during the past year. The meetings of creditors
and balance-sheets render it valuable for reference,
and, detailing as it does the events of the crisis, it
should be on the table of all merchants and managers
of banking, financial, and other companies.
The last week's Railway receipts, ascertained up
to this day, are in round figures as under :--

1866. 1865.
Great Western 80,497 81,409
North Western 138,681 139,219
South Western 27,669 29,762
Brighton
Midland
South Eastern 25,726 23,651
Great Northern
Lancashire and Yorkshire 48,120 43,788
Bristol and Exeter 8,330 8,559
.
North Eastern 76,433 75,665
Manchester, Sheffield, and Lincoln 23,103 22,055
London, atham, and DoTer.. , 10,209 10,346
Great Eastern

These returns, when compared with those of the
corresponding period of last year, are in several in-
stances of a rather unfavourable character. On the
Bristol and Exeter there is a decrease of £229 ;
on the London, Chatham, and Dover, of £137 ;
Great Eastern, £2,512 ; North Western, £538 ;
South 'Western, £2,093 ; Midland, £1,542 ; while
the Lancashire and Yorkshire Shares show an in-
crease of £1,646; North Eastern, £768; Manches-
ter, Sheffield, and Lincoln, £1,049 ; Great Western,
£912 ; Brighton, £1,620 ; South Eastern, £75 ; and
Great Northern, £2,131.

Two o'CLocx.
According to Reuter's telegram from Paris to-
day, the French Rentes were 69f. 80c. Firm.
Considering the period of the year there is more
buoyancy on the Stock Exchange than might have
been expected, but it is beyond all doubt that there
is a vast overflow of capital finding its way into
good investments. Each market seems to have its
turn. English Government Securities, for instance,
are still in favour, while foreign Government loans
lately sought for are now temporarily depressed,
and Railway Shares, which a short time since were
sacrificed by frightened shareholders, are now
mostly in the ascendant.
Consols are now per cent. higher than they
were yesterday, viz., 90/ 8 for money, and 94 f
for the account ;—the rise since the 12th of this
month is no less than 2 per cent. The New Threes
are 89i3- 8, and the Redhced Annuities, 891 f, both
being considerably higher. Bargains have taken
place in the India 5 per Cents. at 107* /
Fresh arrivals of specie have been announced to-
day, amounting to £63,800, viz., £5,734 from Bom-
bay, via overland, by the Poonah, from Alexandria,
and 59,066 from New York, by the America,
arrived at Southampton.
A very small amount of new business has keen
negotiated to-day in Foreign Stocks, attention being
still absorbed in the settlement. Though dull iu
tone, the department is not altogether depressed.
Spanish Passive have declined 1 to 204 21, but- the
Certificates have advanced / to 138 14/ ; Italian,
to 551 4 ; Greek, 4 to 13f 14 ; Mexican, / to 18/
1 ; and Turkish 5 per Cents. / to 328 33-k.
The New Russian Loan Scrip has advanced to
1/ s premium.
Business in the Railway Share Market has been
moderately active, but the transactions generally
have been in connection with the half monthly set-
tlement. Prices in most instances show increased
buoyancy. Lancashire and Yorkshire), advanced 2;
Caledonian, 1/ ; Metropolitan, 11; Great Northern,
and Midland each 1 ; Great Eastern, Great Western,
and North Western each 1 ; and South Eastern 1.
The Foreign and Colonial lines exhibit 'little
change of importance. Grand Trunk of Canada
have improved to 181 19, and Great Indian Penin-
sula to 1061.
Five-twenty Bonds have gone up per cent.,
making a rise of nearly I per cent., the latest prices
being 721 ; Erie Shares have receded I, to 46 1 ;
and Illinois I, to 78/ 79/.
Atlantic and Great Western Railway Debentures
have declined 1, to 51 56, but the Consolidated
Mortgage Bonds are steady at 41/ 42.
The shares of the Belgian Public Works Company
are steady at 1/ 11 prem.
Bank shares are inactive, without any material
alteration in values. Chartered Mercantile of India,
London, and China have improved to 35, Consoli-
dated to 4i 1, and Imperial Ottoman to 91 1.
According to the Ironmasters' returns just made
the quantity of pig iron produced this year in Scot-
land was 994,000 tons, showing the striking de-
crease of 170,000 tong as compared with last year.
Finance and Miscellaneous Shares remain in very
moderate demand and without material alteration
in prices. Atlantic Telegraph 8 per Cents., how-
ever, have declined to 65 ; Credit Foncier of Eng-
land are marked 3/, ; General Credit, 4/, 8 ;
National Discount Company, 14/, 4 ; and the
Viceroy of Egypt's Mortgage Loan has declined to
73i) ;1-•

MINING MARKET.

THURSDAY, Two o'clock.

Business in the Mining Market has been animated,
and the transactions in a few of the principal ad-
ventures have been to a fair extent, at slightly en-
hanced rates. The shares chiefly in request have
been Seton, West Seton, Great Retallack, North
Crofty, Clifford, Prosper United, Prince of Wales,
Crebor, West Frances, and Tincroft. Annexed are
the current quotations :
Chivortou Moor, 41 ; Chon:ales Gold, 21 ; Clifford
Amalgamate, 61 71 ; East Basset, 201 211 ; East Camden
5 51; East Lovell, 9 91; East Wheal Grenville, 21 1;
Great Retallack, 20s 01 25s Od ; Great Wheal Vor, 14 14;
Marko Valley, 31 4 ; North Crofty, 21 3}; North Tres-
kerby, 21 ; Prince of Wales, 24s 26s ; Prosper United,
21 3; Providence Mines, 23 25; South Condurrow, lls
13s; South Grenville, 7s Od 9s; Tincroft, 111 12; West
Caradon, 121 131; West Chiverton, 521 53 ; West
Frances, 10 11 ; West Seton, 120 ; Wheal Buller, 17 18 ;
Wheal Chiverton, 61 7; Wheal Crabor,- 12s 14s Od ; Wheal
Grenville, 25s 27s 6d; Wheal Rose, 6 7; Wheal Seton,
135 140.

BRITISH FUNDS—CLOSING:PRICES.
GOVERNMENT FUNDS.
3 per Cont. Consols
ii
Do. Account, Jan 10 . 90*
3 per Cent. Reduced B9
New 3 per Cent B9iiiii
New 2} per Cont. Jan. 1894 •
Do. 5 per Cent. Jan. 1573 —
Annuities, 30 yrs, expire sth Jan., 1880
Do. for 30 yrs. expire sth April,lBBs —
Do (Red Sea telegraph), Aug., 1908 —
Exchequer Bills, .£l,OOO, 4 per Cent ll pm
Do £5OO II 11 pm. •
Do - £lOO & £2OO 11. 7 pm
lt_
Bank of England Stock, 6i per Cent ...

INDIAN GOTERNISENT
Lu4iau stock, 101 per Cont., Apri11874... Shut.

Ditto for Account
Do. 5 per Cent. July, 1880
Do. 4 per Cent., Oct. 1888
Do. Certificates —

Do. Eufaced Paper 4 per Cent — .
Do. 5 per Cent., Jan. 1872
Do. 51 per Cent., May 1879 —
Do. Deb., 5 per Cent., Aug. 1873
Do. Bonds,4 per Cent., £l,OOO pin
Do. under £l,000
FOREIGN FUNDS—CLOSING PRICES.
Argentine Republic, 6 per Cent —
A.ustrian Bonds, 5 per Cent, 1859 —
Brazilian 5 per Cent
Do. 41 per Cent., 1852-58-60
Do. 1863 —
Do. 11365 —

Do Account 7ll. 1
Do. £lOO Bonds
Buenos Ayres 6 per Cent
Do. A ccount
Do 4100 Bonds
DJ 2 per Cent. (Deferred 3 per Cent )
Ulitlian 6 per Cent
Do. 8 per Cent.
tllq. 0 per Cent A
Do. „ B looi
Coloinbian, 6 por Cont. .
Cuba, 6 per Cent.

Danish 3 per Cent., 1825 —
Do. 5 per Cent., 864 _
Danubian Principalities
Do. Account
Equador New Consolidated, 1 per Cent —
Do., Provisional Land Warrant —
Do Delon ed
&gyptian 7 per Cent. —
Do., Second Issue —
Do £lOO Bonds —
Do. 1864 B3l 3 4
Do £lOO Bonds B5
Do. Government Rail way Debentures 84.-} 5 4/
Greek 5 per Cents., 1821-5, ex Coupons 131
'o Account
.)o. Coupons
G rttemala 5 per Cent.
It .zut 5 per Cent 1865
1..):. A cco un t
Do. Marenunana Failway —
'loxicac 3 per Cent
Do. Account
Dn. 1861 —
Do 6 per Cent. Anglo-French —
,linttevidean 6 per Cent,. —
. . : . _ _. .

qoorish ImperiTOL 5 per Cent
,:ew Gr;tnada —
Do 3 per Cen , —
Do. Deferr.3,l
Do I.r. ..A ~,arrants (Ilootares)
'e-uvian 5 per Cent., 1865
Do Account 7Ol
Do 41 per Cent. (Uribarren)
Do 44. per Cent., 1862
Do Account
Portuguese 3 per Cent., 1853
Do 3 per Cont., 1856, '7, '9, '6O, '62, '3, 44 1 31 41
Do. Account • 441 4
Russian 5 per Cent., 1822, £ St B6l
Do 41-per Cent. 1850
Do 44 per Cont., 1860
Do 3 per Cent. 1859
Do 5 per Cent. 1862

Do 5 per Cent. 18G4 —
Do. Anglo-Dutch, 1866, all paid BGI i i
Do. do. £lO paid lf pm
Sardinian 5 per Cent ,
Do. Account

3panish 3 per Cent
Do Account
Do New Deferred 33 2i 31
Do Account
Do Passive

Do Account 24 1
Spanish Cert. of Coup not funded l3l
Do Account l4
S wedish 4 per Cent.
Do. 4i per Cent. 1864

Do. Scrip, £6O paid
Turkish 6 per Cent. 1854 —
Do. Account
Do 6 per Cent. 1858 — 571
Do. Account
Do £lOO Bonds
Do 6 per Cont. 1862
Do Account 591 9
Do £lOO Bonds
Do 6 per Cent., 1863 531
De 5 per Cent., 1865
Do. Account -
321
Do. 4 per Cent. Guaranteed
Venezuela 3 per Cent.

Do Account

Do 6 per Cent., 1862
Do Account

no. 6 per Cent, 1864
Ditto 11 per Cent.
Dividends on the above payable in London.
Austrian, 5 per Cent., E. 10 Florins
1301gian,,41 per cent., Es. 25f.

Dutch 2i per °Ant. Ex. 12 Guil„ _
Do. 4 per Cent. Certificates 4
French Rentes, 3 per Cent., Ex. 25f. —
Wallah 3 per Cent. 1831, Ex. 2sf.
Do. 5 por Cent. Account 551 1
THREE O'CLOCK.

Consols, Money 9Ol xd
Do. Account, Jan. 9oi xd

COMMERCIAL TRAVELLERS' BENEVO-
LENT INSTITUTION,

MEETING THIS DAY.

A half-yearly general court of the supporters of
this excellent charity was held to-day at the London
Tavern for the purpose of transacting the ordinary
business, and electing three members out of a list of
five candidates to the benefits of the institution.

Mr. J. JONES, vice-chairman, presided, Mr.
Cherrer, the Chairman of the Board of Manage-
ment, having to bring forward a motion affecting
the interests of the charity.
From the report it appeared that the whole re-
ceipts for the year amounted to £2,265 3s. Bd.,
which, compared with last year, showed an increase
of £383, and with 1864 of £5OO, and the reserve
fund had been increased to £6,200.
The report was adopted.
Mr. CIIERR ER then rose to move a resolution, to the
effect that, in June next, the grants to the annui-
tants should be increased from £4O to £5O a year,
and to their widows from £25 to £3O a year. He
said that he rose with great pleasure to move the
resolution, for in proposing the alteration he was
prepared to show that the friends of the institu-
tion would warrant the increase in the al-
lowance to the recipients of their bounty.
(Hear, hear.) Those who were present at their
first meeting were aware that £3O a-year was the
suns originally proposed to be granted to the annui-
tants, but he thought the body whom they proposed
to benefit would not accept that amount, and he
considered that they were entitled to receive
something deserving of the position which they
had occupied, and he proposed that the amount
should be £5O a year. However, a medium course
was proposed, namely, that the amount should be
£4O, to which he consented. Since that time the
expenses of living had increased, and £5O was not
more in value than £4O at the time the amount was
fixed, and he believed that the object of the governors
was that their annuitants should be placed in the
same position in regard to comfort as they had been
previously. (Hear, hear.) Having alluded to the
creditable conduct of the members of the body, he
said that those who applied to them for assistance
should partake of the improvement in the state of
their funds. (Hear.) The present was the time when
the annuitants were so limited that the proposed
increase would be made without the difficulty that
would exist when the numbers were increased.
No subscriber would be called on to put his
hand in his pocket to meet the increase,
and all they would be required to do would
be to endeavour to promote the interests
amongst their friends. He found that the income
for the present year was £2,265, and the expenses
only £1,668. The friends of the institution had gra-
dually increased since 1861, and there was every pro-
bable reason to expect that they would further in-
crease from to time ; and the present position of the
funds enabled them to make an election of three
more candidates. As their chairman for a few
years he had predicted their progressive success,
and his predictions had been fully verified by re-
sults. He expressed his firm conviction that the
effect of the proposed increase would be to promote
the interests of the institution by commending it to
the sympathy and support of the body at large.
(Hear, hear.)
The CHAIRMAN seconded the motion, and said
that it was most gratifying to know that the best
faith had been kept with the annuitants, who re-
ceived their cheques punctually, and that candidates
who were more successful at one election were
chosen at the next. £2OO would cover all the cost
of the increase.

Mr. POTTER asked if the increase was to be re-
trospective in its operation, and if so whether the
motion would have his cordial support
Mr. CHERRER replied in the affirmative.

Mr. Fount said he considered £5O a year was a
sum below which they should not offer their breth-
ren, and that their widows were also entitled to the
income proposed.
Mr. M‘MORELAND supportedthe motion, and said
that £5O was a sum which would be more worthy
of their brethren, and induce them to make greater
endeavours to obtain it. He regretted to find that
their society had not received more extensive sup-
port from the body generally, and mentioned that
when he was canvassing for votes in Leicestershire
he found that out of 70 of the body there was not
one subscriber.

Some discussion as to whether by rule 46 they
could increase the pensions until the permanent
fund amounted to £20,000, and it was also con-
tended that instead of increasing the amount of the
pension the number of the annuitants at the pre-
sent rate should be augmented.
However the resolution Was carried by a majority
of 38 to 4.

Messrs. W. John Langham and Sloane having
retired from the board of directors, Messrs. Watson,
J. Webb, and J. Hanson were re-elected in their
places, and Mr. Hoply was re-elected auditor.
Thanks having been voted to the chairman, the
election was proceeded with.

A gentleman met a half-witted lad on the road,
and placing in one of his hands a sixpence and a puny,
asked him which of the two he would choose. The lad re-
plied he would not be greedy, ho would take the smallest.
—American Paper