The Sun.
London, England, 1866-10-22 00:00:00

MONEY MARKET

AND
COMIIERCI;IL INTELI.7GgNrE.

TWELVE O'CLOCK.

A stringent tendency is observable this morning
in the rates of discount. The demand for accom-
modation continues slight, but the floating capital is
less abundant, and the brokers have seized the
°PPortunity of enforcing 41 Per cent. for the nego-
tiation of the best descriptions of commercial bills.
On the Stock Exchange, however, money is plenti-
ful, and the rates from day to-day upon English
Government Securities range from 2 per cent.
The Stock Exchange Markets are inactive, and
comparatively little business is in progress. The
incessant fall of rain this morning has prevented
a large attendance both of members and clients,
and in the absence of any special news the general
quietude prevails. The Funds remain steady, and
Consols are 891 for money, and 89} I for the
account.

About £16,000 was taken to the Bank of Eng-
land on Saturday afternoon.
The directors of the Brazilian and Portuguese
Bank have issued a circular, in which they state
that a dividend on account will be paid on the 9th
November next, at the rate of 3 per cent. (or 6s.
Per share), free of income tax, on the paid up capital
of the Bank. The proprietors are informed that,
notwithstanding the late crisis in England and Rio
Janeiro, the institution has not sustained any loss.
The reports from the various manufacturing dis-
tricts for the past week represent that business
generally has remained inactive. Cloths and yarns
at Manchester have barely maintained former rates,
While at Leeds, Bradford, and Halifax the dealings
have been confined to small parcels of goods to
sort up stocks. In the hosiery and lace depart-
ments of Leicester and Nottingham there has been
more activity, while at Birmingham most depart-
ments of business remained very inactive. At
Sheffield and Wolverhampton, however, the receipt
of considerable orders for the American and Cana-
dian markets has caused a more cheerful feeling.
The general business of the Port of London last
week continued very inactive. At the Custom-
house only 197 vessels were reported as having
arrived from foreign ports, and there was one from
Ireland. The entries outwards comprised 109
vessels, and those cleared • were 132, including 16
which were despatched in ballast. The departures
for the Australian colonies have been 6 vessels—
viz., 1 to Adelaide, of 590 tons ; 1 to Sydney, of
874 tons ; 2 to Port Philip, of 1,852 tons ; and 2 to
New Zealand, of 1,254 tons—the total tonnage
amounting to 4,570.
The shareholders of the Chontales Gold and Silver
Mining Company held their first general meeting
to-day. The report stated that the agreement with
the Foreign Lands Company has been fully and
loyally carried out. The farm of Santa Gertrudez,
together with the mines of San Domingo, La Trini-
dad, Cabazales, and Concepcion, have all been trans-
ferred to this company. The Consuelo, Estrella, and
San Antonio mines have been purchased, paid for,
and the titles confirmed to this company. The direc-
tors, however, regret to state that, .notwithstanding
that continued negotiation, the Javali mine has
been unexpectedly purchased over their heads, upon
terms to which your directors could not have sub-
mitted. The Chontales shareholders will, however,
rejoice to learn, that they are more than compen-
sated for the losS of the Javali Mine by the acquisi-
tion which the company has made in the purchase
.Land possession of a water-power of larger magni-
tude in the same stream. They have also the ad-
vantage of possessing over 2,000 Tares (nearly
equivalent to a yard English) of the Javali Lode,
extending beyond the boundary of the Javali Mine.
'he Chontales Company therefore now possess
abundant water-power for all purposes, without
being dependent on the Javali Mine. The total
e.tost, including the valuable mineral rights on the
avali Lode, did not exceed 4,500 dollars, while the
Javali Mine is reported to have cost its purchasers
150,000 dollars. Your directors believe that the
capitaltl of this Company can be much more advan-
thge"alY expended in developing the resources of
e C°l'3l3any's broperty.

Two O'CLOCK.
day ccording to Reuter's telegram from Paris, to-
the French Rentes were 68f. 75c.
'We are requested to state that the Royal Bank
of India, the Bombay Presidency Bank, the India,
Peninsula Bank, and the Brokers' Banking Com-
pany of Bombay, are not in course of liquidation as
represented by a list published in the Bullionist, but
told they continue business as usual.
Business in the Corn Market to-day continues
rather dull, but the few samples of home-grown
wheat on offer found buyers at an advance of 2s.
.
38. per quarter on last Monday's current rates.
Barley, beans, peas and flour were unaltered in
value.

Though all the markets in the Stock Exchange
are dull, the variations are limited, yet presenting a
slight degree of heaviness. Consols remain at
894 for money, and at 893- ft for the account.
The inclement state of the weather is no doubt the
cause of the immediate diminution of business.
The New Threes and Reduced Annuities are 89i I ;
Exchequer Bills par to 4s. prem. ; India 5 per Cents.
•105 f 106 ; ditto 4 per Cents., 944 ; and ditto 5 per
Cent. Debentures, 102.
In the Foreign Stock Market Turkish Fives
have been better, and Greek have been heavy.
Business is reported in other securities, as fol-
lows :—Brazilian 5 per Cents., 1865, 68 ; Egyptian
7 per Cents., 1864, 82 ; ditto, Government Bonds,
82} ; Italian 5 per Cents, 1861, 544 ; ditto, 1865,
691 ; Mexican Stock, 15; ; New Granada Deferred,
61; Portuguese 3 per Cents., 44 ; ditto, 1856 to
1863, 43k ; Russian 5 per Cents., 1862, 884 ; ditto,
1862, 90i /, 1 90C; Spanish Passive, 211 22 ; ditto,
Certificates, 1411 ; Turkish 6 per Cents., 1862, 56 ;
Venezuela 6 per Cents., 1864, 27 ; and Dutch 4 per
Cents., 88
•

In the Railway Share market only a limited
amount of business has been transacted, but a
firmer tone has prevailed. Great Eastern, Metro-
politan, North Eastern (Berwick), and South East-
ern, have each improved 55., and Midland 155.,
while North Eastern Berwick have declined £l.
The Foreign and Colonial lines remain inactive
without any change of importance as regards prices.
Bahia and San Francisco are marked 12 ; East
Indian, 1031; Great Western of Canada, 121
Atlantic and Great Western Debentures remain
firm at 64 65, and the Consolidated Mortgage
Bonds at 41, 42 ex coupon.
Bank Shares remain very quiet. Consolidated
are dealt in at 51 ; London and Westminster, at 934;
Bnglinh, Scottish, and Australian Chartered at 181 ;
and Union of London, at 441 45.
In the Miscellaneous Market the operations have
,alno been very restricted. Credit Fonder of Eng-
land are marked 341; General Credit and Finance
3i 1:; Anglo-American Telegraph, 151 1 ; Penin-
sular and Oriental, 621; and Telegraph Construc-
tion and Maintenance, 151 i•