The Sun.
London, England, 1867-10-03 00:00:00

MONEY MARKET

♦ND
COMMERCIAL INTELLIGENCE,

TWELVE O'CLOCK.
At the weekly court of the directors of the
Bank of England this morning no alteration was
announced in the minimum rate of discount, which
still remains at 2 per cent.
In the general discount market there is a very
moderate inquiry, and first-class short-dated paper
---, can be readily negotiated at per cent.
The sum of £48,000 in gold was taken to the Bank
of England yesterday, making upon balance a total
of £413,000 sent in during the week since the date
of the last return.
The Royal mail steamer Seine, with mails from
Brazil and the River Plate, arrived at Southampton
last evening. Intelligence from the seat of war in
Paraguay states that the allied fleet had passed
Curupaity, having suffered severely, many of the
ironclads being placed hors de combat, and were
now lying in front of Humaita, but it was thought
impracticable to pass further up. By private ad-
vices from Buenos Ayres, it was asserted that this
was a preconcerted plan, and that upon Marshal
Lopez allowing the allies to gain this advantage,
offers of peace would be made, giving up the con-
quest of Paraguay, and on terms honourable
to all concerned. A fresh revolution had
broken out at Cordoba, and several prominent
members of the national Government had bees im-
prisoned—in fact the interior provinces of the
Argentine Confederation are far from being in a
state of peace. Near Rio Janeiro the slaves of a
large plantation had revolted, and a military force
had been sent to restore order. The allied troops at
the seat of War were greatly harassed by Paraguayan
guerillas, and were suffering severely, having also to be
placed on short rations. At Buenos Ayres exchange
onEngland had closed at 48 nominal: about £150,000
had passed. The Cordoba steamer for Liverpool
will bring about £lOO,OOO. Exchange on France
5.03 ; National Bonds, 53/ ; sovereigns, 1i per
cent. prem. ; and gold is still in demand for export
purposes. The railways were all doing well.
It is announced that Baron Steiglitz, of the Narva
Flax Mills, St. Petersburg, has opened a depot here
for the sale of sailcloth, ducks, &c., as supplied to
the Imperial Government of Russia ; Mr. W. H.
Iliudley, of Queen-street, Cheapside, acting as his
agent.
The directors of St. John d'El Rey Mining Com-
pany (Limited), have received per Seine the follow-
ing report, dated Morro Velho, Aug. 29, 1867 :
Produce, second division of August, 11 days, 14,654
oitavas ; yield, 6,858 oitavas per ton.
The last week's railway receipts, ascertained up
to thie day, are in round figures as under :-
1867. 1866.
... 81,597 80,720
...135,921 130,715

Great Western ...
North 'Western
South W-

. •stern
Brighton
Midlr

,
... 2'4,169 26,840
... 29,838 27,216

and ••• 59,908 56,749
South Eastell ... 32,920 29,262
Great Northern •••
45,107 42,763
Lancashire and Yolkshire- ... 46,720 45,450
Bristol and Exeter 8,786 7,716
North Eastern :" 80,331 76,209
Manchester, Sheflleld, and Lincoln ... 23,661 21,782
Great Eastern 40,640 88,925
London, Chatham, and Dover ... 15,587 12,667
North British 27,997 28,364
North London •• .. 5,916 5,502
Midland and Great Western of Ireland 6,451 5,764
Glasgow and South Western
... 12,220 11,490
The biddings for bills on India took place yes-
terday at the Bank of England. The amounts al-
lotted were to Calcutta £96,000, and to Madras
£4,000. The minimum price was fixed, as before,
at Is. 111 d. on Calcutta and Madras. Tenders at
ls. 110. will receive about 13 per cent. ; those
above will be allotted in full. No tenders for bills
on Bombay were invited. The above rates show an
increase in the demand for remittance.
The market in London for American Securities
has been dull, with a tendency for Government
Bonds to decline in value, from sales pressed on
account of continental Bourses, which to-day has
been very marked, the 5.20 Bonds, 1862, having
trenched on 711. The absence of any quotations by
Atlantic Telegraph has deterred buyers operating,
owing to uncertainty of the price of gold in New York.
Erie Shares have been improving up to to-day,
having advanced from 40 to 42i. Illinois Shares
remain steady. There exists a good demand for
Railroad Bonds payable in Sterling. Virginia
Sterling have also been inquired for at full rates.
Atlantic and Great Western Consolidated Bonds
and Debentures have been more freely taken than
for some time past. The report of the committee
of investigation is expected to be issued this week.
These returns, when compared with those of the
corresponding period of last year, show some very
satisfactory results. On the Great "Western
there is an increase of £877 ; on the North-
Western, of £5,206 ; on the South-Western, of
£2,329 ; on the Brighton, of £2,622 ; on the
Midland, of £3,159 ; on the South-Eastern, of
£.,3,6_58 ; on the Great Northern, of £2,344 ; on
Fie Lancashire and Yorkshire, of £1,270 ; on the
Bristol and Exeter, of £1,070 ; on the North-Eas-
tern, of £4,125 ; on the Manchester, Sheffield, and
Lincoln, of £1,879 ; on the
Great Eastern, of
£1,715; on the London, Chatham, and Dover, of
£2,920 ; and on the North London of £414 ; while
the North British shows a decrease of £367.

Two o'CLocx.
A firmer tone has prevailed to-day in the English
Stock Market, and Consols show a recovery of
per cent., being 941 1 for money on the Bth
inst.,
and 941 4for the November settlement.
The New Threes aro 924 ; Reduced Annuities,
921 ; New 21 per Cents., 77 ; Exchequer Bills,
265. to 30s. prem. for March ; Bank Stock, 248 ;
India ditto, 2201 2 ; ditto 5 per Cents., 1144 14 ; 51
Per Cent. Enfaced ditto, 1091 ; and ditto Bonds,
655. to 70s. prem.
Bank shares continue very dull. London and
Westminster are at 684, Union of London at 374,
London Chartered of Australia at 24, and City
Bank at 124.
In the Miscellaneous Market there has been little
change. City Offices, however, have declined to
75, Hudson's Bay Company to 145 15 ; Commercial
Union Assurance are marked 41, and Viceroy of
Egypt's Mortgage Loan 711 725.
Foreign Stocks have in most instances recovered
from their late depression. Greek Bonds improved
4, to 131 14 ; Spanish Passive 1, to 19 191 ; the
Certificates 4, to 161 4 ; and Turkish 5 per Cents.
to 314 314; while Italian 5 per Cents. continue
depressed, and have further receded 1, to 46 461.
There has been a better inquiry for American
Securities, and prices have an upward tendency.
United States 5-20 Bonds have advanced 4, to 72
724; Erie Shares 4, to 42 43 ; and Illinois 1, to
77 771.
The dealings in the Railway Sharo Market have
been on a very limited scale, but more firmness has
prevailed. Great Western and North Western
have each improved 4, and Caledonian and Brighton
each 1 ; while South Eastern have receded 1 ; and
London, Chatham, and Dover, Manchester, Shef-
field, and Lincoln, and Midland each 4.
The Foreign and Colonial lines show little varia-
tion. Great Luxembourg are marked 91 1 • South
Austrian and Lombardo-Venetian, 14;1 ;' Grand
Trunk of Canada, 19 ; Great Western of Canada,
Peninsula ; East Indian, 1105 ; and
Great Indian'
Peninsula have declined to 1061 107.