The Sun.
London, England, 1866-10-26 00:00:00

yrONEY MARKET

AND •
COMMERCIAL iNTELLIGENCIi,

TWELVE O'CLOCK.
The bills which were kept in reserve in anticipa-
tion of a reduction in the Bank rate are being
brought forward for negotiation, but the demand
for accommodation, despite this increase in the
Supply of commercial paper, is not very active. The
floating capital continues abundant, and the brokers
take the best short-dated acceptances at 3-1 and 4
Per cent.
The favourable character of the Bank of England
return has influenced the course of values at the
Stock Exchange, and the markets, although not
very animated, present a firmer appearance. The
funds have improved if per cent., and Consols are
89i for money, and 89i f for the account. Foreign
Stocks are also at advanced quotations. Turkish
5 per Cents. have risen and Spanish Passive and
the Certificates per cent.
The sum of £lBl,OOO in gold was taken into the
Bank of England yesterday, and there was also a
withdrawal of £lO,OOO in sovereigns for Alexandria.
The Bank of England return is of a very satisfac-
tory character, the bullion and reserve of notes hav-
ing been largely increased, while the other securities
have been diminished. Subjoined is our usual
analysis :
Active Circulation £23 717 660
Bullion Decrease • ••• ... 368,875
16,377,358
Increase ... 243,995
Pest 3,232,700
Pub Increase 6,199

üblie Deposits ••• •" ••• 3'217148;26991
••• ••• •.• ..• Decrease
Other Deposits ••• ••• *** 18,764,056

Decrease ... ... •••
Seven Day and Other Bills ••• •••
Increase ••• •••
Government Securities ... •••
D ..
Other Securities ecrease '
•`
Decrease
Notes 'Unemployed

14,467
636,234
4,030
12,191,426
... 100,000
• ... 20,553,187
• ... 691,799
6,701,880

increase ••• ••• ••• 656,970
The alterations shown in the Bank of France re-
turn The notes in
are not generally favourable.
circulation have been reduced £67,000, but the bul-
lion has also been reduced £306,640, and the bills
discounted have received an addition of £448,000,
and the advances £68,000. The private accounts
have been diminished £176,000, and the Treasury
balance has been augmented £BBO,OOO.
In the Foreign and Colonial Produce Markets
during the last few days there has been a very
limited amount of business transacted. Sugar has
barely maintained former rates, and refined goods
generally are a shade cheaper. Coffee has been in
moderate request, at rather easier rates. In rice
operations have been retarded by the high rates de-
manded by holders, while tallow has been dull, and
prices generally exhibit a downward tendency.
The Bremen has arrived from New York with
specie to the amount of £14,400.
The traffic for the week ending August 25, 1866,
on the Eastern Bengal. Railway was £2,289 ; for
the corresponding week in 1865 the receipts were
£2,093.
There has been a meeting to-day of the Standard
Bank of British Africa, at which the report of the
directors stated that the profits for the half-year
ending 30th June last were £23,473, which they
recommended should be disposed of as follows :
To rebate on bills discounted, £7,371 ; to bad debt
account for estimated depreciation of securities to
314 December, 1865, £3,106 ; to preliminary ex-
Pensee, £250 ; to amalgamation account, £Bl5 ;
to reserve fund, £l,OOO ; to interim dividend,
; and to be carried forward, £1,182.
The report also stated that the directors were con-
Nineed that the establishment had passed through
the difficulties of 1864-65, and that if in the course of
realising
securities any further allowances have yet
to be made for bad debts, there is on the other hand
aoo low
reasonable prospect of recoveries on debts valued
on former estimates. It must be re-
,collected that a time of comparative inaction
la 3 followed the excitement and speculation
fromr which the bank suffered, but there is
ienseu to hope that as credit at the Cape
ThltiPrnves the profits of the bank under the present
i,:anageinent will increase. The bank in London
Os, now been placed on a thoroughly independent
„,,,34,i5, and during the past few months has been en-
-atv'ed to retire, under discount, its own acceptances
the minimum in Threadneedle-street. In the
c
of the discussion, several of the shareholders
considered that the capital was too great, and that
the number of the banks was too large for the re-
quirements of the colony. Amalgamations were also
spoken
about, and there was one evident desire to
the interests of the institution. The directors' re-
, rt was adopted, and the proceedings terminated
a very Satisfactory manner.

Two O'CLOCK.
the
ACCOrding to Reuter's telegram from Paris to-day
French Ren tes were 68f. 95c. Firm and active.
Although business in the market for the English
ands is slack there is a continuance of firmness
th--.°St unparalleled within the last few years, when
ere has
been an absence of speculation and few
Ittuvestors to give support to the market. Consols
189-1 I for money, and 89f for the account.
v Foreign
Stocks there has been a general ad-
Tir in prices. Turkish 5 per Cents. are 29k I
h I,4eProvement of per cent. ; Spanish Passive
.e
risen 1,21 i 22f ; Certificates I, to 14 f ; and
to 55i ; Mexican are 15} a ; ditto New,
; and Greek, 141. American Securities have
s(une instances receded. United States 5-20
h‘°_lids have improved q, to 68k ; Erie shares
41;1e declined I, to 50f ; and Illinois f, to 77i.
e aalatic and
ad Great Western Debentures have re-
gage 64 651; and the Consolidated Mort-
nonds f, to 39} 40k ex coupon.
In the Railway Share Market a very limited
:t: °tint of business has been done, but prices in one
b, two instances are a shade firmer. Great
estern have advanced f, Midland f, and London,
„...Chatham, and Dover, North British, and South-
stern, each I ; while North-Western have tde-
clined f, and Great Northern A Stock and Metro-
Politan each f.
The Foreign and Colonial lines remain very dull.
Great Luxembourg are dealt in at 12i, and Dutch
Rhenish, fully paid, at 23i ; East Indian have im-
proved to 1034 ; and Great Indian Peninsula, to
1061- 107.
Bank Shares are inactive, but prices show rather
More firmness. Bank of Australia have improved
t° 65 ; Imperial Bank, to 23i ; London and West-
Ininster, to 93f ; Standard of British South Africa,
West-
t° 14i ; and Union of London, to 451.
Finance and Miscellaneous Shares are generally
hot steady rates. Atlantic Telegraph 8 per. Cents.,
wever have declined to 97k; while General Credit
and Finance have improved to 4k ; National Dis-
PI-II:It Company, to 14f 141 ; and Peninsular and
riental Steam, to 631.

MINING MARKET.
FRIDAY, Two o'Clock.
There has been an active demand for North
Teregkerhy, Prince of Wales, Great Vor, Carn
411.'
borne, East Lovell, and Great Retallack.
The following are the latest prices :
°ho eart,. Camborne 24s 26s Od ; Chiverton Moor, 41 i;
! 15
11,11t48 Gold, 2}'l
; Clifford Amalgamated, 7/ 8 ; East
East 22 24 East Camdon, ; East Cern Brea, —— ;
Lovell
l_ , 11/ 12 ; East Russell, 2/ ; East Wheal Gren-
"'lDille2 ; Proutino and Bolivia Gold, 7s 8s; Grambler
St A b
• 11 yn, 5 6;• Great Laxey, 18 18/ ; Great Retal-
i.e., 12s Od 14s ; Great Wheel Vor, 18j 19; Marke
314.11;e3.,' ; North Crofty, 22s 6d 255; North Treskeby,
rinee of Feat °a Wale; 27s Od 29s Od ; South Darren, 1/ 2 ;
Buller, 18 17/ 181 ; West Chiverton, 58 60 ; Wheal
18 20 Wheal Chiverton, 0 ; Wheal Crebor,
8 e(I 158 ; Wheal Seton, 145 150.

n. BRITISII FUNDS —ONE O'CLOCK.
a , -°.vbtAbinliT FUNDS.
ro Cent. Consols
3 p, • 4CCOlinty Noy. 8 B9 Ne-1.8°6)4. Reduced B7l 1
Isle_ , Per Cent
87f
Js*-0.1 per Cent. Jan. 1894
4.444it.yer Cent. Jan. 1873 —
DO,-fl", 30 yrs, expire sth Jan., 1880
h:00•(tea
30 ys, expire sth AprillBBs.:.
x,,,,,‘"8,1 Sea Telegraph), Aug., 1908 iner •
no, Bills, X 1,000,3 & 4 per Cent. 4pm
1.)9 X5OO par 4 pm
4100 ittla 4400