The Sun.
London, England, 1866-10-12 00:00:00

MONEY MARKET

COMMERCIAL INTELLIC-ENCE,

TWELVE O'CLOCK.

The Discount Market is inactive, comparatively
few bills being in circulation. The rates of the
brokers are tending in an easier direction, 4* per
cent. being the general quotation for trade bills,
and 3k and 4 per cent. for bankers' short-dated
acceptances. The floating capital of the market is
exceedingly abundant, and there is a rumour that
Italy is in negotiation with a large financial house
in the city for the introduction of a new loan to pay
the war expenses, and assist in arranging her pre-
sent affairs. The amount required is stated to be
£16,000,000, but little hope is entertained that it
can be entirely raised in this country.
The Stock Exchange markets present a firmer
appearance this morning, and a better feeling is
apparent. Speculators have been repurchasing,
thinking that several of the railway and finance
shares have been forced below their real value.
Consols have improved.. per cent., to 89* I for
money, and to 891 / for the account.
The sum• of £5,000 in gold was taken to the
Bank of England yesterday.
The report of the directors' of the Demerara
Railway Company just issued states that the profits
for the half-year ended 30th June exhibits a net
balance of £7,002 against £5,331 in 1865 ; with
£584 from last account, the available balance is
£7,586, of which the:preference dividend will ab-
sorb £4,025, leaving £3,562, and out of this sum
the directors recommend a dividend on the original
stock at the rate of 3 per cent. per annum, carry-
ing forward £1,536 to the current half-year's
account.

The public sales of Indigo have continued to pro-
gress with considerable animation, at slightly en-
hanced prices, while in rice, fruit, and saltpetre
there has been little change of importance. Tallow
has been in fair request, and. quotations for both
present and forward delivery remain steady.
The following current prices of bullion are from
the bi-weekly circular of Messrs. Mocatta and
Goldsmid :—Bar gold, 775. 9d. per oz. standard ;
do. parting, 775. 101 d. do. Doubloons, Spanish,
745. 6d. per oz. ; do. Mexican and South American,
735. 9d. per oz. United States eagles, 765. 2id. per
oz., scarce. Bar silver, ss. ld. per oz. standard ;
do., contg. gold (5 grs. and upwards), ss. 1/d. per
oz. Dollars, Mexican, 4s. 11 id. per oz. Cpt
silver, ss. qd. per oz.
It has been announced that the directors of the
Oriental Bank, at the intended meeting on the 18th
inst., will recommend an interim dividend of 30s.
per share, being equal to 12 per cent. per annum,
for the half-year ending 30th June last.
Mr. William Cameron, attorney, and agent of
the official liquidator of the Commercial Banking
Company of India, has been appointed to assist in
collecting the assets of that company in China and
Japan.
The Bank of England return is not of a favour-
able character, the bullion and reserve of notes
showing a decrease. The discount business of the
establishment, however, has been reduced, which is
the principal satisfactory feature the statement con-
tains. Annexed is our usual analysis :
Public Deposits
Increase
Other Deposits ... ••:•
Rest Increase

... 6,266,199
... 96,748
... 17,454,673

244,988
... 3,175,977
935,427

• Decrease •••
••• •••
On the other side of • the account—
Government Securities ... ... ... 12,419,043
Increase
200,000
••• ''' ...
*:: 22 149 550
Other Securities
791 763
Decrease
NotesTT

"employed
6,498,575
Decrease 71,705
The amount of notes in circulation is £23,973,165,
being a decrease of £362,465, and the stock of bul-
lion in both departments is £16,467,536, showing a
decrease of £411,631 when compared with the pre-
vious return.
The Bank of France return comprises a reduc-
tion of £893,200 in the bullion, of £356,000 in the
notes in circulation, and of £352,000 in the current
accounts, and an increase of £150,000 in the com-
mercial bills discounted, of £40,000 in the Trea-
sury balances, and of £B,OOO in the advances.
_ln the Foreign and Colonial Produce Markets,
during the last few days, only a moderate amount
°df business has been done. Sugars have remained
ald!, and previous prices have been with difficulty
lamtained. Coffee has been in fair demand, and
lo:rge quantity of both plantation and native Cey-
offered at public sale found bayers at fully
late rates.

According to Reuter's telegram from Paris, to-
da3r, the French Relates were 68f. 70c.
Quotations for English Government Stocks have
been steadily supported. Purchases for investment
ell account have enhanced the value of the Funds,
and have
are 89k 1 for money, and 891 i for
theties account. The New Threes and Reduced An-
are 86/ 87 ; Exchequer Bills, par to 3s.
prem.
; India 5 per Cents, are marked 105 ; and
the 5 per Cent. Debentures, 1873, 1011.
There has been very little alteration of import-
ance in the prices of Foreign Stocks. Turkish 5
per Cents.
141 ; C are 281 i ; Mexican, 158 i ; Greek,
131
ertificates, 138 141 ; and Italian, 538
bli. United States 5-20 Bonds are 718 I ; Erie
Shares 48 49 ; and Illinois, 781 ;
Great Atlantic and
to
Western Debentures have declined i
64 65 •
, and the Consolidated Mortgage Bonds 1,
to 42 44.
_ There has been more activity experienced in the
Pailway Share Market, and in most instances prices
are
, a shade firmer. Great Eastern have advanced
f,
.1-4?,Leashire and Yorkshire, North Western, and
.alidland each British have f , and Metropolitan 1; while North
declined 1.
„ In the Foreign and Colonial undertakings there
has been little change of importance. Dutch Rhenish
have declined 1, and Grand Trunk of Canada k.
Bank Shares have been in moderate request. City
sank have improved to 15k, and Union of Austra-
to4la 47 , .
, while Alliance receded to 181 ; London
Bank of Mexico to 118. London and Westminster
remain firm at 92k ;ad Unon of London 45+.
Miscellaneous and Finance Shares exhibitat rather
leaa firmness. Atlantic Telegraph 8 per Cents (paid
lap) are dealt in at 100, 103/ •; Anglo-Arnerican
741elegraph at 158 16 ; Telegraph Construction and
finance."-Lain at 16 1; Credit Foncier of England
avt 31 ; General Credit and Finance at 31, 1 ;and
-Lute • National Financial at 3} f•