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

ONEY fIARKE

AND
COMMERCIAL INTELLIGENCE,

TWELVE o'CLocz.
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 3i 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 / per cent., and Consols are
89i for money, and 89/ 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 stun of £lBl,OOO in Old 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
Decrease
Rest Increase

...X23,717,60

Bullion

. .
••• ••• 0.0 000 368,875
... ... ... ... 16,377;358
••• ... ... ... 243,995
... ... ... 3,232,700

•••
Public Dlncrease
eposits
ase
Decre
Other Deposits ...
Decrease
Seven Day and Other Bills
Increase
4°Yerument Securities ••::
Decrease
Other Securities
Decrease
Nome Unemployed
Increase
The alterations shown in the Bank of France re-
turn are not generally favourable. The notes in
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"2s, 1866,
nj.,11 the Eastern Bengal Railway was £2,289 ; for
Ine 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
~,o recommended
To should be disposed of as follows :
rebate on bills discounted, £7,371 ; to bad debt
account for estimated depreciation of securities to
31st December, 1865, £3,106 ; to preliminary ex-
£2so £250 ; to amalgamation account, £Bl5 ;
"ue reserve fund?
, £l,OOO ; to interim dividend,
;1h,748 ; and to
ed e be carried forward, £llB2.
report also stated that the directors were, con-
that that the establishment had passed through
e eulties 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
i`orooas onable prospect of recoveries on debts valued
l
cone"' on former estimates. It must be re-
collects that
that a time of comparative inaction
Co followed the excitement and speculation
re
ani which the bank suffered, but there is
im Ott to
-lope that as credit at the Cape
Pr°ves the profits of the bank under the present
halnl.Nreent will increase. The bank in London
1„,..". now been placed on a thoroughly independent
ableaand during the past few months has been en-
at to retire, under discount, its own acceptances
eimthe minimum in Threadneedle-street. In the
ee,,-ree Of the discussion, several of the shareholders
th-e''uered that the capital was too great, and that
quire4ruber of the banks was too large for the re-
al 3 —nuts of the colony. Amalgamations were also
g-o° ',
1,.
"T; about, and there was one evident desire to
thrs ."Y into the various questions likely to promote
po'rtmterests
of the institution. The directdrs' re-
it" was
"'very satisadopted, and the proceedings terminated
factory manner.

6,199
•.•
•.• ••• ... 3,218,291
•.• ••• ... 174,691
•.• •.. ... 18,764,056

... 14,467
636,234
4,030
... 12,191,426

• ... 100;000
• ... 20,553,187
... ... 691,799
6,701,880
• ... 656,970

'Two o'CLocK.
the Aecording to Reuter's telegram from Paris to-day
Preueli Rentes were 68f. 95c. Firm and active.
Althoo,ui business in the market for the English
0.144 e's ugh
s slack, there is a continuance of firmness
at
to
osralleled within the last few years, when
juvre has been an absence of speculation and few
give support to the market. Consols
189 i t for Inoue-,
j and 891 1 for the account.
vaila Porei,-.11
i 6 Stocks there has been a general ad-
an -4
Prices. Turkish 5 per Cents. are 291 1,
IL4 4rovement of 1 per cent. ; Spanish Passive
Itle6rieert 211 22/ ; Certificates I, to 14 /-; and
1.141-11 1, to 551 ;
1 Mexican are 151 ; ditto New,
; auti Greek
, 41. 14 American Securities have
tonecisule inatances receded. United States 5-20
/altvo have improved I, to 681 1; Erie shares
ucite; elined /, to 50+ ; and Illinois /, to 77f.
eerjeai—,e and Great Western Debentures have re-
gag tO 641 651 ; and the Consolidated Mort-
In "'ends 1, to 361 401 ex coupon.
atos,ll the Railway Share Market a very limited
or, "iat of business has been done, but prices in one
Yea "70 instances are a shade firmer. Great
ehtern have advanced 1, Midland I, and London,
tua'ttilauk, and Dover, North British, and South-
eiCearu, each ; while North-Western have de-
Def;t4 4, and Great Northern A Stock and Metro-
,'-4141 each I.
Great Foreign and Colonial lines remain very dull.
teat
Luxembourg are dealt in at 121, and Dutch
t,„ fully paid, at 23,1 ; East Indian have im-
r+Oved to 1031 ; and Great Indian Peninsula, to
106 107.
talo3ank Shares are inactive, but prices show rather
to are firmness. Bank of Australia have improved
ca. ; Imperial Bank, to 231 ; London and West-
to 14r' and3i ;
Standard of British South Africa,
1,4.1 Union of London, to 45i.
at leauee and Miscellaneous Shares are generally
ho:teadY rates. Atlantic Telegraph 8 per Cents.,
aodjer, have declined to 971; while General Credit
count inance have improved to 41 ; National
,too Di-
s t 141 141 ; and Peninsular and
leu'al Steam 634.4