The Sun.
London, England, 1866-10-16 00:00:00

f?IONEY MARKET

COMMERCIAL TELLIGENOii,

TWELVE O'CLOCK.
The Money Market is becoming extremely easy
through the excessive supplies of floating capital,
LOW daily increased by the distribution of the
Government dividends. At the same time the re-
quirements of the commercial community appear for
the moment to be gradually diminishing, and the
rates consequently tend downwards. First class
trade bills are negotiable at 4* and 4,1 per cent.,
and bankers very short-dated acceptances at 3i-
and 4 per cent.

The liquidation of the bi-monthly account at the
Stock Exchange will be concluded this evening, and
the arrangements have generally imparted firmness
to quotations. Some of the railway shares and
foreign stocks which were lately much depressed
through speculative sales have been in request, and
having to be repurchased, have consequently im-
proved in value. The English Funds are rather
dull this morning, Consols being 891 I for money,
and 89i 4 for the account..
It is generally considered probable that within
a short time we shall experience an efflux of the
precious metals. The rise in the price of cotton
is occasioning a hardening tendency in the rates for
silver, and it is not unlikely that in a day or two a
demand may arise for this metal for shipment to
Meanwhile those parties directly connected
with the Eastern trade are awaiting the result of
the fortnightly biddings which take place at the
Bank of England to-morrow.
A withdrawal of £BO,OOO in sovereigns took place
yesterday at the bullion office of the Bank of Eng-
land. This amount is required for shipment to
Alexandria to pay for cotton.
The mail from Guayaquil has brought a remit-
tance of £5Bl 3s. 9d., on account of the dividends
on the debt of Ecuador.
This day has been issued a facetious pamphlet,
the title of which is " Managers and Marionettes.
Addressed to Directors, Mis-Directors, and Dupes.
By a Victim." It is published by Effiingham
Wilson, Royal Exehange.
' It is announced that Mr. T. R. Holmes, who has
been upwards of 40 years with Messrs. Overend,
Gurney, and Co., has commenced business as a bill
broker, in conjunction with Mr. Rees Wood, at
48, Threadneedle-street.
An important advance in the quotations of the
-Venezuelan Loan has taken place in consequence of
the following communication by the Government at
Caracas, intimating that the portion of the duties
appropriated for this debt will be again remitted :___.

TO THE EDITOR OF THE SUN,
is with much pleasure that I acquaint you, for
the satisfaction of those of your readers who are interested
in the Venezuelan Loan of 1864, that I have this day re-
ceived official information from Caracas to the effect that
the disturbances of the public peace in the state of Zamora,
which had compelled the Government to raise a numerous
army,
and also for a time to consecrate to the re-establish-
ellt of peace all the duties set apart forlthe fiscal debt,
had entirely ceased, and with it the necessity for further
interfering with the export duties after the end of October,
and that from November 1 they would be remitted as pre-
viously to meet the claims of the bondholders of 1864 Loan.
Venezuela is now entirely at peace at home and abroad.
FREDR. H. HEMMING, Consul.
25, Moorgate-street, Oct. 15.
The directors of the Port Philip and Colonial
Gold Mining Company have received advices from
their resident director, R. H. Bland, Esq., dated
Chilies, August 21st, 1866. The following is the
return of r
quartz crushed for the month of July :
Quartz crushed, 4,941 tons ; ditto per week, 1,235
tons ; ditto per head per diem, 3 tons 4 cwt. 2 qrs. ;
geld obtained from quartz, 1,454 ozs. 5 dwt. 12
grs• ; ditto pyrites, 107 ozs. 1 dwt. ; total gold,
,2561 ozs. 6 dwt. 12 grs ; average per ton, 6 dwt.
B. ; loss of gold per ton, 1 dwt. 13 grs. The
Gard will observe with satisfaction the improve-
ment in the yield, which has been fairly sustained
Since
the making up of the above return. This is the
result of sampling the mine, enabling us to
aeject a large amount of very poor quartz. This
oYoßtenl is now so well understood here as the only
e n'whereby the mine can be worked to advantage
-a
r't 1 hope there will be less trouble than formerly in
n4l:Yng it out. We are very often much deceived
-.!..,soFet:PPearanee of the quartz, and the change from
Payable mineral is frequently rather sudden.
r calculations as to yield are therefore occasion-
hope we ally but with common care and attention I
may not have again to report such a coll-
o,.
"anee of low yields as we have had of late. An
aalow return, however unpleasant, has the
of antage of forcing economy into all the brandies
the establishment, a subject kept continually in
view.

The Victoria London Mining Company, Limited,
have received advices to the 25th August last, by
vh.iell it appears that generally the undertakings in
which investments have been made were progress-
-I°g satisfactorily. A remittance on account of divi-
dends
, received to the Ist August, of £l,OOO, has
been received by this mail.
In the foreign and colonial produce markets dur-
ing the last few days there has been a. very limited
amount of business transacted. Sugars have barely
hmaintained former rates, while the operations in tea
,ye been deferred until to-day, when a large quan-
ty Of new season's crop will be offered for public
competition. Rice has been inactive, and a shade
cheaper; while in tallow a large speculative business
has been done, and prices have fluctuated to a con-
siderable extent.
The receipts and expenditure for the month of
`TAY were as follows :

Receipts ... •
Total expenditure .

... £5,833 18 11
... 4,020 4 7

Profit for month
Duo Bank last month

... 1,813 14 4
... 544 13 1

Available balance ... £1,269 1 3
The above result is, I consider, on the whole satis-
factory, taking into account the low yield. The
debt of £544 has been cleared off, and a balance
left of
£1,200 to divide between the two companies,
and to carry on to this month's account. Four
weeks' return (August) :
Quantity of Quartz crushed
Gold obtained
Yield per ton

4,699 tons.
... 1,417 ounces.
... 6 dwts 5 grs.
Remittance, £7OO.

Two O'CLOCK.
According to Reuter's telegram from Paris, to-
day, the French Rentes were 68f. 95c.
Not the slightest alteration has taken place in
the English Funds, and all the other departments
denote
an indisposition on the part of the public
either to invest or speculate. With the abundance
Of I"neY, however, a steadily growing trade
throughout 'the United Kingdom, and with the
prevailing confidence in the state of political affairs
home,
Consols, notwithstanding the depression
usually experienced in periods of inactivity are
extraordinarily firm; they are now 891 for
111°11eY' and 8% 981
pfor the account. The
New Threes Reduced Annuities are 872 ;
'/cehequ and
er Bills, par ; Bank Stock, 242 244 ; India
210 212 ; ditto 5 per Cents., 105 f ; and ditto 51
Per Cents. Enfaced, 106.
i Pew alterations of importance have taken place
en•h.the prices of Foreign Stocks. The members are
teleflY engaged with the settlement, which is brought
a satisfactory conclusion. Turkish 5 per Cents.
a
firm at 291 ; Mexican at 151 1 ; Greek at
c 14 ; Spanish Passive at 211 1; but the Certifi-
aLea are depressed, being lower, at 131 14 ;
Italian
have advanced I to 551 k.
ti Business in the Railway Share Market has con-
nned very quiet, and prices generally show in-
creased depression. Metropolitan have declined 21,
Eastern,
Eastern, ; Great Western and South
Lastern, each 1 : GrQat Northern A Stock, -I- ; and
c).,.lld°n, Chatham, and Dover, I.
e .nlarked
la In the Foreign and Colonial lines there has been
ar° naaterial variation. Bahia and San Francisco
121 ; Dutch-Rhenish, ; East
Indian 102/ 1031 ; and Punjaub, 98.
vaiA,triet'iean Securities are generally at improved
to ``fEl• United States 5-20 Bonds have risen 1,
Ll.'Bl I cx div. ; Eric Shares 1, to 49 50 ; and
Illinois to 781 79i. •
Atlantic
and Great Western Debentures have