The Sun.
London, England, 1866-11-30 00:00:00

ON-EY IYIARKET

AND

COVIMERC C 4 N t.

TwELvg O'CLOCK.
The Money Market is decidedly firmer, and a
large amount of business is reported. There are
the usual payments at the end of the month, the
settlement of accounts at the Stock Exchange, pre-
parations for the 4th December, and the requisite
provision for mercantile commitments in connection
with India and China due on the Bth proximo.
These circumstances are of course exercising an im-
portant influence upon the immediate condition of
the discount market.
At the Bank of France there has been a large
increase of bullion during the past week, and also
a considerable addition to the reserve of notes. In
the interest of trade it is likewise satisfactory to ob-
serve a large augmentation in the total of notes
uuder discount.
An influx of £32,000 took place at the Bank of
England yesterday.
The Rhone had arrived from the Brazils, with
£16,835.

telegrams from Liverpool state that the Cotton
Market opened with a better feeling. Sales, 10,000
bales, or more.
The directors of the St. John d'El Rey Mining
"na
follow pany
ing (Limited) have received, per Rhone, the
report, dated Morro Velho, 29th October,
1,866 —Produce 2d division of October, 11 days,
*Li., 545 oitavas ; yield, 10.004 oitavas per ton.
Business in the foreign and colonial produce
markets during the last few days has been less ani-
kated• Sugars have been dealt in to a limited extent
at steady prices ; superior descriptioas of coffee have
.maintained former prices ; while in rice, fruit, and
tallow there has been little variation of importance
as regards prices.
_ The Bank of England return, completed to the
2
Bth inst.,
shows some very favourable changes.
There has been an increase in the stock of bullion
tT
° the extent of £422,656, while the reserve of notes
has been strengthened by £855,650. In the other
Securities the increase has only been to a limited
~extent) while there is a large increase in both the
vr'vate and public deposits. Annexed are the par-
ticulars :_._
4ctiy• Circulation ....£22,486,750
Bunion Decrease ... ... ... ... 457,565
18 175570
"test Increase 422,656
***
::: ...... ..... 3,237,780
Pliblis Decrease ..• ••• •.• ••• 23,036
6,161,157
DePooita ... ... ... ... ...
Other Dlncrease ... ... 3320:7,3154
eposits ...
...
..
18,25
}3e, Increase ••• ••• ••• ••• 517,446
en Day and Other Bills ... ... •.• 516,459
Other
Decreaso ••• ••• •• • •.• _ 65,651
Notes

Securities
Incroar•

..._ ,
....
••• ••• 19 186 008
••• ••• $ $
••• ••• • li• ••• 1,227

*Unemployed ... 9,655,525
Increase •• ••• •I• 855,650
Qo'rernment Securities • 12,846,363_
Increase
•.• ••• ••• ••• 175,625
The Board of Trade returns, just published, for
b'ue 10 months ended Oct. 31, show that there has
aeen a large increase in the imports of raw cotton
t 8 c°rapared with the corresponding period in the
il"(1 Previous years. Subjoined are the particulars :
.11 .1,864, 6,146,796 cwts. ; in 1865, 6,315,565 cwts. ;
sll, : '866, 10,610,271 cwts. Sheep and lambs' wool
;841se been imported to a large extent, as will be
ell from the subjoined : in 1864, 167,992,8231 b. ;
14
1865, 173,123,7231 b. ; in 1866, 191,970,8131 b.
th4,t the meeting held to-day of the shareholders of
r tad India Irrigation and Canal Company, the
,eP°rt of the directors stated that, as regards the
erica of
the company, they have been brought into
f satisfactory and promising position, and that
:11.1' as much has been done as was possible under
~hat
circumstances. The directors also state
~ba' 48 it may be interesting and satisfactory to
tgareholders to be informed in this report of the
to an eial position of the company, the fol-
wing statement is added:--The total re-
theeived up to the 21st instant was £719,088 ;
sa total expenditure and remittances to India to
lae date were £687,449 ; leaving a balance in Eng-
land of £31,639 ; the gross amount of interest paid
re shareholders to the above date was £76,070 ; ind
lahtletien of this there has been received in Eng-
tar ri,
je the shape of interest upon unexpected capi-
and in India from tolls and other sources,
3 t 1'293; therefore the amount deducted from capi-
(3ll account of interest paid to shareholders
wring a period of five years is £42,777."
te The following are the quantities of duty paid on
t: exported from the United Kingdom during the
months ending the 31st October, for the past
°2B
ee Years, extracted from Messrs. Hulbert and

Export
1864. 1865. 1866.
Expo—emeensurnption 74,100,000 82,100,000 85,753,000
Eeti 24,150,000 29,422,000 25,752,000
Qua,-ted Stock Nov. 1, 89,000,000 82,000,000 80,000,000
Z'ltY Afloat 40,310,000 38,400,000 38,6 i r,OOO
da'kt the meeting of the Anglo-Egyptian Bank, to-
ba-r, in the report presented by the directors, and
atlee-sheet for the second financial year, they ex-
r,es
the
~E 1 regret that the result of the operations during
tc, past Year has proved so unsatisfactory. This is
e attributed not to anything defective in the
ec: itlarY working of the bank, but to exceptional
1,,/i4ea, which cannot fail to be appreciated by those
0° are conversant with the state of monetary affairs
di ling the past half-year. The attention of the
:teeters has been devoted for some time past to the
11 Portant question of reducing the liability of the
ateholders, and they have decided on recommend-
sag a measure which they believe will thoroughly
,'sfY the wishes of the proprietors.
A rm
4egarding the resignation of Messrs. Flux and
t; files of their appointment as solicitors in connec-
t:a with the Bankof Hindustan, China, and Japan,
e directors of the bank have passed the following
ere
" That the board hereby expresses its
Rte at
regret that circumstances have occurred to
'lee Messrs. Flux and Argles to send in their re-
th!l4tion as solicitors of this bank, in which capacity
el :3r have, in the judgment of the board, always
ceill,ced the greatest zeal and ability ; and, in ac-
NsVng the resignation, the board believes that it
thalllevertheless be for the interests of the bank
ce„,,l.theY be allowed to carry on all pending pro-
Cott the meeting to-day of the Trust and Loan
t,- ke,1371Y of Upper Canada, the report and state-
°f accounts for the six months ending the 30th
nerernher of the current year was adopted. The
profits during this period amounted to £12,074
0,a,',,,,t1., which, added to the sum brought forward
of arch, gives a balance at credit of revenue
that '41224 '7s. 4d. The directors recommended
Pet: °lit of this balance a dividend at the rate of 7
tielellt• per annum, less income-tax, be declared
one Paid-up capital stock of the company ; that
ttilim'alf of the surplus profits over 6 per cent. per
in 41, and the usual charge for interest, amount-
itt Nether to £2,963 12s. lid., be carried to the
th: ejre Fund, in accordance with the provisions of
be °Yal Charter of Incorporation ; and that e ...250
Derl2,Plied to the redemption of preliminary ex-
-148-e• There will then remain the sum of £260
Durti to the credit of the next half-year's accounts.
tetellg the period embraced by these accounts the
4s. st.rvle filed has been charged with the sum of £294
fatiit'' for losses on realisation of securities in de-
last half he amount carried to its credit out of the
4444-Year's profits has been £3,696 ls. ld. in-
iepo t.°f ls. ld. as recommended in the last
4avit,„") the £250 set apart for preliminary expenses
ter h-g
been erroneously included in the lat-
aft:1;111. The balance at credit of this fund,
ferred adding the £2,963 12s. lid. above re-
titi4„l t°, will be £70,462 9s. 4d. The con-
the cautious policy rendered necessary by
illA4"neial crisis in this country has unavoidably
1144 deed the business of the company in Canada,
41bon linirlished the amount available for distribution
tliteetgllt the shareholders on this occasion. The
that
. 1 13N have, however, the satisfaction of stating
akin View of the improvement which is gradually
for 4! Place here, and to meet the existing demand
l'atite(in.4ja Canada, they have felt themselves war-
fideutl I"esureing active operations, and they con-
theiY anticipate that the whole of the funds at
4acl h'iE4POB4l will shortly be absorbed by secure
,1,-.'erofitalile investments."
ere all'lteleut letters of the Agra Bank (Limited)
:lerabl"ued to-day. The applications were consi-
-N tji excess of the amount of capital required,
the More gratifying in the prefient great