The Sun.
London, England, 1867-10-24 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCJi,

TWELVE O'CLOCK.
At the weekly court of directors of the Bank of
England no alteration was announced in the mini-
mum rate of discount, which still remains at 2 per
cent.

In the general discount market there continues
to be very moderate inquiry, and first-class short-
datul paper can be readily negotiated at 1/ 1 Y per
Cent.

Again there were no gold operations of import-
ance at the Bank of England to-day. The Ini-
r6ratrice Eug6nie has arrived at St. Nazaire, from
the West Indies, with specie amounting to £51,720 ;
and the Saxonia at Southampton, from New York,
with £2,040 for England, £37,219 for France, and
£6lO for llairiburgli.
With regard to the Royal Bank of Liverpool a
Meeting of creditors took place yesterday, after
which a circular was issued calling two meetings of
shareholders, one to take place on the 7th Novem-
ber) for the purpose of obtaining their assent to
registration as a limited company, with a view to
the winding up under the Act of 1862; the other to
meet on the 11th November, to pass a resolution
that the company continue its business, and that
it is advisable not to wind up the affairs.
The failure of Messrs. Braybrook and Slater,
Manufacturers, of Blackburn, has been announced.
The liabilities are small, not exceeding £26,000.
A meeting of the Port Phillip and Colonial Gold
ititnain,ugt Company will take place on the 30th
when the following resolutions will be pro-
13°8°1 " That a further distribution of one
611'1411g per share on account of the profit be made by
the company during the current year, and that the
November
be payable, free of income tax, on the Ist
'evember next. Also, that the directors be
authorised henceforth to make and declare such
distribution on account of dividends, between the
Win
ary general meetings of shareholders, as they
mar deem advisable, out of the current profits of
the Year in hand, without the sanction of an extra-
ordin arx general meeting. The finances show a
of £8,797
after discharging every liability in England,
)797 ; the present dividend will absorb £4,875 ;
and, after deducting 10 per cent. for the Reserve
Fund (£487), will leave a balance of £3,435 to be
carried forward."
11 report of the Land Mortgage Bank of India
ha's been issued preparatory to the meeting to be
,eld on the 31st inst. In the Bengal and Madras
rresidencies nothing has occurred worthy of remark,
rd the business of the bank is as heretofore satis-
ctory. The continued commercial depression at
orabay has prevented any material improvement
til the value of some of the properties mortgaged to
th hank, and delayed their realisation. To protect
,ureir interests and obviate delay, the directors, in
board should proceed at once to Bombay, and Mr.
h;qBela7 whose long experience in India rendered
'4.1 especially fitted to undertake this responsible
111111s8ien, left England in June for that Presidency.
will subsequently visit Calcutta and Madras.
eUpon.
his arrival at Bombay in the following
month, he at once proceeded to institute a most
minute inquiry into the state of properties mort-
gaged to the bank, and in reference to the general
management to take such steps as appeared to him
under the circumstances to be necessary. The re-
ports which he has forwarded to this country, while
Co at present valuations, the original esti-
ulate of loss, convey much information that is very
reassuring as to the general position of the bank's
affairs at Kurrachce and Bombay ; but in view of
Continuance of the present disturbance of confi-
dence in that presidency, the board propose to
adopt Mr. Boyson's recommendation that provision
be made for a further possible depreciation of
£20,000.
The board avail themselves of this opportunity of
thd~at the only liabilities of the Bank are its
!h tientures, and that there is no intention to make
'of call upon the shareholders. The secured income
i_
rthe company for the present year, after provid-
Cuh4 for debenture interest and sinking funds, and
,arges of every description, and after setting aside
urther sum to augment the reserve fund, enables
the directors now to recommend an interim pay-
,leellt on account of dividend at the rate of 4 per
cent.
torL4nnum upon the paid-up capital of the bank,
ue payable on and after the 14th proximo, free of
e°l4e tax.”
tortiah,e,. last Week's railway receipts, ascertained up
day, are in round figures as under :-
re
1867. 1866.
1,1 at West
or% w ern 79,711 76,833
130.44 ester
••• ...125,878 122,490
Iluright Western
... 28,816 27,262
"' ••• •.. 26,407 24,051
,011th Ea 58,316 56,078
Vat xorttru 30,261 26,795
~,a.10411.1_ era
45,737 41,915
Vika' re
Rutland -Yorkshire . ... 45,120 43,008
"0114 Exeter._7ss3 7031
lEastorn
75,365 74,131
Ntt Sheffield, and Lincoln 21,110 21,093
".04,1 ".ILerti
39 834 38,731
1'10111(1)$ Chatham, **
14,t_ British d I)*** ***
an over ... 13,341 10,974
I.l,,!'oPolitan 27222 27,368
(}la~Aud and Great •••
..• 4,367 3,953
Western of Ireland 6,150 5442
and South 'Western 11,605 11,034
`'err4 oneturns, when compared with those of the
u
astauce g period of last year, are, in most
qrellt is, of a very favourable character. On the
the Western there is an increase of £2,878 ;
teru °llh-Western, of £3,388 ; the South-Wes-
hlidla .1.)554 ; the Brighton, of £2,416 ; the
nd
k3,46,Th of £2,268 ; the South-Eastern, of
u ; the Great Northern, of £3,792 ; the
aue„.
4t4 slulre and -Yorkshire, of £1,512 ; the Bristol
I,23i''eter, of £519 ; the North-Eastern, of
t; the Manchester, Sheffield, and Lincoln, of
deu',4e Great Eastern, of £1,103 ; the Lon-
kjhathi,
orth :Da, and Dover, of £2,367 ; while the
British exhibits a decrease of £146
remain tic and Great Western Railway Debentures
size gas
at 26 27, and the Consolidated Mort-
i-.olads have advanced to 21 22,

tinseco,,,. Two O'CLOCK.
to Reuter's telegram to-day the French
.4,Lwere 68c. 37f.. Firm ; rather agitated.
tQttnb-410 'fleeting held to-day of the Oriental Bank
deeC„4ti°ll a dividend •of £1 10s. per share was
lith4l4. 'el') being at the rate of 12 per cent. per
.4
kleb
tioit , confidence being attacbed to the informa-
to th'eceived within the last two days with regard
° h cl4talian question, speculation would appear
‘lllll7l-,6°l3:lewhat turned from a " Bear " into a
crease-a' account. Purchases for lime having in-
o beta? the jobbers as usual are putting up the
th.:4)a, and there is consequently a rise already
Ilas 418 daY's business of 3-16 per cent. Business
Nee," somewhat delayed by the late arrival of
41 a r°lll the Paris Bourse. Consols are now
1181e'°„.„r money, and 941 for the account.
21 bew Threes and Reduced Annuities are
Det Stock 248 k, Indian ditto 221, ditto 5
faceddea, ta• 114 131, ditto 4 per Cents. 100 , En-
Ptl° ihit.t°,BBl) and ditto Bonds 62s to 67s prom.
ovih-- .floreign department there is still an im-
11,,ave mg tendency. Italian are firm at 45 I, Greek
'Pall;:ish'anced Ito 12 I, Mexican to 15i)
ants Certificates to 16k a, and Turkish 5 per
4t 15 I
t 0 32
4-• Spanish Pasive are unchanged
t
to
78'741,, erica"' Securities Illinois have advanced:l
t ; t," ; United States 5-20 Bonds 1-16th to 691
4, A fair Shares are per cent. lower, at 45
in
'c an
of business has been transacted
taken hare Share Market, and a further advance
theilte ell
Place in prices. Brighton, and Mend
She
and Lincoln, hive each improve
;I'eiatertil t astern, ; Great Western and North
"414 -41 each ;South Eastern, a ; and Caledo-
and m.
pote.Midland each 1.
Itlvaterialigli and Colonial lines remain without any
Leteti;:ariation. South Austrian and Lombardo-
-8 4 are dealt in at 141 1 • Great Luxembourg,
4111 taat Indian, at 110 i ; and Great Indian
Jtatik a) at 107 i
S 44kllittilnhares are in a few instances a shade firmer.
t044'6. hoe improved to 12i 13} ; Chartered
o# India, London, and China, t 9 27i