The Sun.
London, England, 1867-11-13 00:00:00

ON EY MARKET

A ND

lOMMEROIAL fINTELLIG3N(7R,

TWELVE O'CLOCK.

Further symptoms of firmness are apparent in
the general Money Market, and a slight increase in
the demand for accommodation has prevailed, as
Usual, at this period of the year. There is, how-
ever, an abundance of capital waiting employment,
rantdesho material alteration can be reported in the
rates demanded for the negotiation of first-class
dated
paper, which remain at 11 11 per cent.
The Essex, from Melbourne, has arrived with
about £120,000.
Atlantic and Great Western Railway Debentures
have receded 1, to 94 25, but the Consolidated
Mortgage Bonds remain steady at 19 20.
The Honduras Loan continues in favour, and
dealings are recorded at 3 31 premium.
An extraordinary general meeting of the Mau-
ritius Land Credit and Agency Company (Limited)
will be held at the offices of the company, 25, Fen-
church-street, on Wednesday, the 27th instant.
The coal mines of the East India Company
(Limited), situated in the district of Raneyunger,
Bengal, were sold by auction, yesterday, by Mr.
Murrell for £20,000, under the Winding-up Act.
At Lloyd's this morning eighty guineas per cent.
is Offered on the Columbian, one of the vessels be-
longing, to the West India and Pacific Steam
Navigation Company, which sailed from Liverpool
on the 13th October, and would be due at St.
Thomas's the very day of the hurricane. Yesterday
a telegram was received from _Havana, dated
November Bth, stating that the Columbia (no
doubt the Columbian) was lost in the hurricane,
and the British and. French Company's property
°II the wharves was destroyed. The steamer and
it
were both covered by insurance—to an extent
Lt is said of £BO,OOO. No mention is made of the
security of the crew. Lloyd's agent at St. Thomas
(Mr. R. B. Lamb), who is now in London, has re-
ceived a telegram from St. Thomas, dated Nov. Ist,
which confirms the loss of the Rhone with all on
board. It states that the hurricane was worse than
that which swept the island in 1837. There is still
some doubt existing as to the vessel which is lost,
and telegrams have been sent out to clear the
Matter up.
At Berlin the Stock Exchange has remained in-
active, and without speculation for foreign account.
Railway shares very firm, and in good demand.
United States securities, notwithstanding the lower
(Potation of gold from New York, were not ani-
mated in consequence of the great augmentation of
the Public debt. The tone of the Frankfort Ex-
change was steady, and the inquiries for Austrian
securities becomes every day greater, particularly
for the more speculative kinds, in which there have
been large transactions. Railway shares of all de-
nominations were firm and inquired for.
Prom St. Petersburg (November 8) it is stated
that the importation of gold continues, and the
Imperial Bank has bought lately as much as thirty
'Milieus of roubles.
Tt a meeting held to-day of the Buffalo and
--sa4e Huron Railway the report of the directors
Was submitted. It stated that out of a gross re-
venue of £609,000, after paying £6,050 to the
Champlain Company, little more than £85,000
remains as net profit. Scarcely 15 per cent. As
compared with the traffic for the half-year ending
June, 1866, the gross revenue has decreased
£28,000,
The extra renewal outlay has in-
creased £28,000, being £54,000 against £26,000.
Then ordinary working expenses have increased
426,000 (from 63 to 70 per cent.); the loss on
American exchange increased £7,000; loss by fire
at Sarnia and Toronto, £lO,OOO ; deductions in
excess of the corresponding period of last year,
1'99,000. It must be remembered that the receipts
t tho half-year ending 30th June are generally
-c'from £BO,OOO to 2loomoo less than during the
autumn half, so that for the wimao year a larger
amount of net profit may be expected. \V na regard
to the present financial position of the company
£5,000 was paid by the Grand Trunk Company on
the 29th August, being the first payment on
revenue account for the current year, which
has remitted to the company's bankets in liquida-
tion of advances towards the payment of coupon
interest due in February last. The company's
resources towards the payment of the coupons
now due, amounting approximately to £20,000, are
as follows :—.£5,000 payment by the Grand Trunk
,Company, October 23d, handed over to the bond-
holders' trustees ; £9,000 claim for percentage of
,Grand Trunk administrative expenses from Ist
August, 1864, to 30th June, 1867, in London and
Canada ; £5,000 overcharge on extra weight of
rails;; £5,000 unexpended on bridge account; total,
;24,°00. In addition, four months revenue is in
e hands of the Grand Trunk Company, say from
.I`Bt duly to 31st October, which, being the most pro-
ductive half-year, cannot be estimated at less than
£16,0001 to date. The board, therefore, trust to be
over
funds shortly, to meet the coupon payment now
bills,
due, of which notice will be given.
are requested to mention that a parcel of 32
an 8, to the aggregate amount of £12,889 14s. 6d.,
x 4 another of 33 bills, to the amount of
v. '135 7s. 6d., endorsed by Messrs. Rothschild, of
sohenna, on the Bth inst., to Messrs. L. Behrens and
aN Of flarnburg, have been stolen. Dealers must
therefore exercise caution until further particulars
can be obtained.
fieufel::: Collie and Co. give the following in re-
:ace to the state of the Manchester trade :—ln
part of last week more willingness to
feelriate was manifested by buyers, and an improved
te_ang and firmer sales resulted. Yesterday and
aY, however, the market has again been very
hequiet
and these rates have not been obtainable.
evia majority of producers being still well engaged
4o no eagerness to sell, so that quotations are
finallyba unchanged, and buyers, on the other
, show no disposition for new business.
At the
tho l meeting to-day of the Greek Bondholders
yof the Government was submitted. Sir
%re n-lond Wolfe advocated the acceptance of the
,„1. of 55,000 per annum, as he believed it was
ee:2ll_ch as could be afforded by Greece in her pre-
n
a 'nancial position. Mr. Gurstenburg proposed
ofre'st.vclutien, accepting the conversion for a period
inn e Years, but after that time the amount to be
ha.'„reased should the financial position of Greece
nxted
TeimProved. The meeting has not yet tenni-

Two o'CLocK.
forriereas..
, UU firmness has prevailed in the market.
tile English Funds. Consols for money remain
stead at 948 with the dividend, but for the account
ell the sth proximo they have advanced 1, to 93/ dividend.
92rzille IS'evf Threes are 931; Reduced Annuities,
bih 3i ; Bank Stock, 215:?; India 5 per Cents.,
-411,151 ; Enlaced ditto, 104 ; ditto Rupee De-
s,e'e 1872 104 ; and ditto Debentures,
1873, 105.
614 the Foreign Stock department business has
lower
rather more active, but prices in many instances
"? a 81ight decline, Greek especially, which are
e, at 11-4- ;
erti Spanish Passive 1, to 20! ; and
Centfica.tes 1, to 1783 The new Spanish 3 per
3. Stocks is 321 1 • Turkish 5 per Cents. 311
2 ; and Italian 451 1.
t/nited States7l;s-20 Bonds are unchanged at 701
A
Erie at 47 ; and Illinois at 831 81/.
tr very moderate amount of business has been
andatisacted in the Railway Share Market, the dealers
speculators being still busy with the settlement,
ced Prices generally exhibit increased heaviness.
aionian have further declined 2} ; Lancashire
84nd 1 orkshire, 1 ; and Metropolitan, Midland, and
Norther Pth Eastern, (Berwick), each while Great
.04u have unproved 1.
41 In the Foreign and Colonial lines there is no
venetian aterial variation. South Austrian and Lombardo-
V: are
l!eo dealt in at 131 Bahia and San Fran-
cat 1 3,1, Grand Trunk of Canada at 17, Great
estern of Canada at 16i 1, East Indi
and Great Indian an at 1101,
Peninsula at 1081- 109/.
I;a_l3. auk Shares are quiet. Loudon and Western re-
li at 7:1 72, London Chartered of Australia at
11licellaneous
;. London and County have declined to 501 1.
and Finance Shares show no