The Sun.
London, England, 1867-07-11 00:00:00

IYfON-:--EY MARKET

AND

COMMERCIAL TELLIOF

TWELVE O'CLOCK.
The directors of the Bank of England have
held their weekly court, and adjourned with-
out making an alteration in the minimum rate
of discount. This decision was expected by
everybody at all acquainted with the passing posi-
tion of affairs, it may happen that the executive
Rill lower the terms for accommodation, but the
concession should it be made is scarcely coveted, the
idea being that a larger trade associated with a
higher rate of discount would be preferable to a
lower quotation and stagnation of business.
A further influx of gold to the amount of £51,000
'ns taken to the Bank of England yesterday.
The half-yearly interest warrant at the rate of 6
per cent. per, annum to the shareholders, and the
coupons for interest on the Debentures in the Rus-
sian (Vybrouski) Iron Works Company (Limited),
are now in course of payment at the London and
County Bank, Lombard-street.
At the meeting, on the 28th inst., the directors of
the National Discount Company will recommend
the Payment of a dividend at the rate of 17 per
cent. per annum.
The last week's railway receipts, ascertained up
to this day, are in round figures as under :

Great Western 1867. 1868.•
80 676 81,700
North Western *-
•••
*:.125,966 128,599
South Western ••• •••
'791 27,317
Brighton
..•
Midland • • • ' 50,956
..•
. 28 ▪
26,665 23,894
South Eastern *.:• ***
••
• 55,560
26,662
Great Northern •••
29,97002
Lancashire and Yorkshire.— •••
•••
37'815 36,6985
Bristol and Exeter... •••
•••
7 501
7,166'750 49,'4
North Eastern
'1 66 •
74 9/ 4 e , 8
Manchester, Sheffield, and Lincoln.• 2.;708 22,664
Great Eastern
North British
..•
88,330-' 38,063
29105 27761
London, Chatham, and Dover :•.: 15,091 12,763
Metropolitan
••• ••• ••. ... 555 4046
Midland and Great 'Western of Ireland .. 5 392 5, 631
Great Southern and Western of Ireland.... 4,
7'924 8,815'
Glasgow and South-Western ... . 11,820 11201
These returns, when compared with those of the
corresponding period of last year, are, with one or
two exceptions, of a favourable character. On
the South-Western there is an increase of
£1,474; the Brighton, of £2,771 ; the Midland, of
£4,604 ; the South-Eastern, of £3,298 ; the Great
Northern, of £1,793 ; the Lancashire and York-
shire, of £1,405 ; the Bristol and Exeter, of £585 ;
the North-Eastern, of £3,306 ; the Manchester,
Sheffield, and Lincoln, of £44 ; the Great Eastern,
of £267 ; the North British, of £1,341; the Len-
d") Chatham and Dover, of £2,328 ; and the
Metropolitan, of £509 ; while the Great Western
exhibits a decrease of £1,124, and the North-Wes-
tern, of £2,633.
Notice has been given that an extraordinary
general meeting of the shareholders of the Telegraph
to India Company Limited was held at the
offices of the company to-clay, the 12th inst., for
the purpose of considering the heads of agreement
between the above company and the Telegraph
Construction and Maintainance Company respect-
ing the future lease, and prospective sale and pur-
chase of the company's lines, Firman concessions,
and interest therein.
The Committee of the Stock Exchange have
appointed to-day, 12th inst., a special settling day
in the scrip of the loan of the Provincial Orel
Vitelish Railway Company, which is to be quoted
in the official list.
Certain and speedy telegraphic communication
with India is a matter of the highest importance
both in a national and commercial point of view,
and not withstanding that means now exist of com-
municating with the East by telegraph, yet they
are of such an uncertain and perplexing description
that they, in fact, amount almost to worthlessness.
To prove such to be the fact, we need only refer to
the peculiar public despatches that appear from time
to time in the daily journals. Dates, places, names,
and other matters are all heaped together in the
most admired confusion, and for all useful purposes
the information received is of no avail. This state
of things arises from the wires passing through
countries differing in language as well as adminis-
tration, and expectation of a better system under
the present circumstances is altogether beyond hope.
With a view of giving a more rapid and accurate
means of communicating with India, a body of gen-
tlemen of the highest standing and ability have is-
sued the prospectus of the Anglo-Indian Telegraph
Company, which proposes a line of telegraphic com-
munication with the East under one undivided re-
sponsible control and management in London, the
lines passing via Egypt and Aden to India, with
extensions ultimately to Singapore, China, Japan,
and Australia. Negotiations have already com-
menced with the Italian Government for the con-
cession of a line from Siasa to Modena, to Sicily ;
secondly, for a lease from the British Government
of the Malta and Alexandrian line of cable ; and,
thirdly, for a lease cf the land lines between Alex-
andria, Cairo, and Suez. The great work to be
Previously accomplished—the wire between Sue z
and Bombay—which the Telegraph Construction
and Maintenance Company have agreed to do. The
entire line, in all probability, being completed
throughout in May, 1868. Such a proposition as
that of the Anglo-Indian Telegraph Company is
quite a national undertaking, and as such, under
the guidance of such a body of gentlemen as form
the directory, it must meet with the most certain
and complete success, and realise a splendid return
to those who invest their capital in carrying out the
undertaking.

Two O'CLOCK.
The market for the English Funds has shown
rather less firmness, and a few sales to realise pro-
fits after the recent advance has caused a decline of
11, Consols being 941 for money, and 95 95ii for
the account.

The New Threes are 944 4 i; Reduced Annuities,
94i ; New 21 per Cents., 764 ; ditto 5 per Cents.,
106; Annuities, April, 1885, 12 13-16ths, 4; India
Stock, 218 ; ditto 5 per Cents., 1104 1114 1104, I.
In the Foreign Stock Market a small amount of
business only has been transacted. Russian Scrip
has advanced 4, to 2, 14 prem. ; Turkish 5 per
Cents. 4, to 314 4 ; and Italian 4, to 494 4 ; but
Greek have declined 4, to 144 ; Spanish Passive
4) to 214 to 224 ; the Certificates 4, to 154 ; and
Uexican 4, to 164 4; Mien Scrip has improved
to par to 1 pm.
For Bank Shares there has been a very limited
incluirY. London and Westminster are flat at 106.7;
and Consolidated at 44 ; London Joint Stock are
dealt in at 43144 ; and Union of Australia at 51.
American Securities exhibit improvement. Erie
Shares are 14 per cent. higher, 45 46 ; Illinois 4,
at 80i •
and United States 5-20 Bonds 4, at
731 4.
Atlantic and Great Western Railway Debentures
remain steady at 30 32, but the Consolidated
Mortgage Bonds have declined 4, to 24 241.
Miscellaneous and Finance Shares remain very
inactive. Anglo-American Telegraph, however,
have improved to 18 4 ; and Peninsular and
Oriental Steam to 404 411 ; International Financial
are marked 3 ;
and Hudson's B ly Company, 154.
Considerable depression has prevailed in the
Railway
Share Market, prices in most instances
showing a firrther decline. London and Brighton
have receded 11 ; North Western, 14 ; Great, Western and South Eastern, each ; and C.1.:%-it
Great.L.Torthern A Stock and Metropolitan, each ; while
Eastern have improved 4, and Lancashire
and Yorkshire 1.
fir The Foreign and Colonial lines have been a shade
tiler. Dutch Rhenish have improved to 20i ;
to
Great Luxembourg to 114; Great Indian Peninsula
141 °i6.l 107 ; and Great Western of Canada to

MINING MARKET.
THURSDAY AFTERNOON.
Business in the market to-day continues vory quiet,
and prices remain nominally unaltered. Annexed
are the latest prices :
Chiverton lroor ...... Si 5i
Chontales Gold ...... 4f 5
Clifford Amalgamate 8
East Basset .. 19 20
ast
52. 5
ast. Lovell .................. 6i 7
Cleat
Wheal Grenville 2 21-
G'reat LaxeY 18 19
reat Retam .......
......
l4Gro tieWhe.ll V' 17, 18
aValley .... ...... .. .. 4 4i
orth Crofty ......... 3}

North Treskerby 1
Prince of Wales 62s 6d 64s Cd
Providence Mines 28 30
South Condurrow

Tincroft
West Chiverton
West P. of Wales
Wheal Basset

Wheal Buller —
Wheal Uhiverton 6;
Wheal Grenville 1 4
Maul Setou 110 112 i