The Sun.
London, England, 1867-08-29 00:00:00

Lifeboat Demonstration at Falmouth.

Very extensive preparations are being made for
t
the lifeboat demonstration which is to be holden 30
Falmouth to-day. At half-past one there is t 0 1,
r
a grand procession formed on the Moor, n'tea
which the principal streets will be paraded, 3110
ultimately the Gloucester lifeboat, which has bee
presented to the town by the citizens of Gloucesterj
will be received at the docks by the president 31/4
vice-presidents of the local committee, and bn't
Richard Lewis, Esq., secretary of the Pre -a
institution. The boat will then be launched alio
put through various evolutions, and in order e
show the self-righting principle on which tnio
boat is built she will be capsized with her crew
board. The Independent Order of Odd FellO' an
the Ancient Order of Foresters will take part in td
procession ; no less than nine bands are engagn,el:o
and in the evening the demonstration will be brutibtil
to a termination by a banquet at the Falmouth°
llotel. Captain James 'filly, Mr. G. SYniciug'ther
mayor of the borough, Captain Sherries, and c):00
gentlemen, have laboured most assiduously with
view to make the :proceedings as attractive as Y';ff
sible, and it is hoped that everything will pOO,O,
satisfactorily. In connexion with the demonothe
tion there will be an additional attraction lug Do
presentation of the Albert medal, which aft
publicly presented by the mayor to a young h'iri
named Theophilus Jones, for gallant condiloutt
'
saving life during the late gales at Falmoh
Western Daily Mercury.

THE ABYSSINIAN EXPEDITION.—The 10/
state—'e the
which have appeared in some of the papers respecting di"
Abyssinian expedition aro not quite correct. Th°e* Sir
tion will be organised in India, under the confrean',,
~:he
Robert Napier, Commander-in-Chief at Bomb ill
to be intrusted with the chief political as well as el", 6,1
authority. Sir Charles Staveley has been selecte%Ag
second in command. A quantity of steam transportsoo
been taken up and will start for Bombay immediatell,,bei
to be there in the course of November ; but the D1)-14 for
Government have also provided a quantity of transP° iOO5
themselves. Officers have also been despAtcliod to 0104
places to purchase camels and mules. I‘l:issos"t
probably be selected as the baso of operations, hi' vee
point is not finally settled. Three steamers 1,3°4 ite3
provided, which aro being fitted up as hospital shillicers
will be furnished with approptiato stores. Medle3l,.°,sog9'
will be appointed to them. The whole of the orJeC
ments are under the direction of the ludia-O°o it'bortie,
to secure unity of action; but the expense will 116,101 °'
by Imperial funds. Yesterday there was a g°0(1
colo'
stir in the steam shipping trade in Liverpool in t ,pOO
queue° of the urgent demand made by Governin°rls or°
the steam shipowners. No less than steayler.t one
placed under special survey, and five of these were:
accepted. The names of the vessels chartered aeucity of
survey for the carrying of troops are as foll°,,,Cluee°'
Dublin, Bosphorus, City of Manchester, France, .11" Dypi;i+
England, Helvetia, Hector, Carolina, nici?'iiforool3,;
Peruvian, Golden Fleece, Mauritius, and prose C 3
These vessels will, after Government anCePtanee' di° 1)11V
round to ouo or other of the Admiralty ports for
pose of taking supplies on board.

uNEY MARKET

AND
COMMERCIAL INTELLIGENCE,

TWELVE O'CLOCK.
Harvest operations are partially concluded, and
the necessary expenditure has had little or no effect
upon the Money Market. The local requirements
ordinarily exercise some influence, notes and coin
being so much required by the country banks. The
minimum of the Bank, however, remains at 2 per
cent., as the directors of the national establishment
at their meeting to-day separated without notifying
any alteration in their terms for commercial paper.
The sum of £22,000 in blr gold was taken to
the Bank of England yesterday.
The Shannon has left Lisbon with the Brazilian
mails, and about £75,000 in specie.
At the meeting of the Don Pedro (Brazilian)
Mining Company the dividend declared was 3s. 6d.
per share for the quarter ending the 30th June,
being at the rate of 100 per cent. per annum.
Atlantic and Great Western Railway Deben-
tures remain steady at 23 25 ; but the Consolidated
Alortgage Bonds have receded to 21 21i.
At the meeting held to-day of the South-Eastern
Railway Company the report was presented. With
respect to the dividend, it stated that after making
provision for all fixed charges, rents, and interest
en the whole of the capital expenditure on lines
and stations productive and open for traffic, the
stun remaining applicable to the dividend on the
consolidated stock is £107,904 6s. 11d. This sum is
equal to the payment of a dividend at the rate of
£2l6s. 6d. per cent. per annum, but the directors
recommend that the whole of the interest on capital
invested in unproductive works, including the
direct Tunbridge line, be charged to revenue ; de-
ducting this sum (£29,182 4s. 2d.) there will re-
main £78,722 2s. 9d., which is equal to a dividend
On the consolidated stock after the rate of £2 per
cent. per annum, leaving a balance of £2,357 14s. 9d.,
and this dividend the directors recommend to be
Paid on Thursday, the sth September. Revenue will
thus bear all interest charges.
The cotton report of Messrs. E. B. Liddell and
Co., dated Alexandria, 19th August, states that the
market rem in the same lifeless condition as
reported on the 12th instant, and the transactions
may be considered as nil. With regard to cereals,
they state that the unfavourable news from your
side for Egyptian wheat has had very little effect
upon prices here, as arrivals are small and freight
to Liverpool by steamers has been as low as 3s. 3d.
Per qr.

The annexed communication is from the com-
mittee of Spanish Passive Bondholders :
TO THE EDITOR OF TIIE SUN.
Sir,—As public notice has been given that the
Spanish Government is prepared to carry out the
conversion of the Passive debt on the terms which
were unhesitatingly refused by the late public meet-
ing, the committee will feel much obliged by your
permitting them to inform the bondholders through
Your columns that they have (in accordance
with the resolution then passed) sent in to the
Stock Exchange Committee a formal application,
receipt of which has been dui) acknowledged, to re-
fuse a quotation to any new Spanish stock, bonds,
or securities, until a satisfactory arrangement has
been come to with the Passive bondholders.—
1 am, &c.,
11. D. POOLE, Hon. Sec.
2, East India-avenue, Leadenhall-street,
The last London, August 28.
week's railway receipts, ascertained up
to thist day, are in round figures as under :-
1867. 1866.
••• ••. 81,316 81,807
...136,564 133,009

;Great Waste rn
siorthWesterouth4
Westert r;,- •a

29 275
srighton
Midland ...
--
South Easte... •••••••••
30,3323622‘9),437938835 225:85)::3450683_24
Great Northernin **.
•'.
***
•***
42'532 :-:9,88i
Lancashire and y .*: 1• •** 54'340 52,552
Bristol and
... ... ...
Exeteorr....saire... ...
8'522 7,907
.rth Eastern
8.; 096 75,089
‘ nehester Sheffield d Lincoln
Treat Eastern ' and —: 2382:.540011 3261:0110(41
North British -.
".
**
30,30,1 29,03,4
North
Ch ham, And Dover ::: ::... 147:016093 134:8822..43
tletrepolitana
Furth London ***
"'
''•
.... 5,603 5,0 n
Great Great ...
Western..• of Ireland ... 4 610 4,1"
(412,L 0 ahem and Western of Ireland... 12,563_3
"OW and South Western .. 11,412
11,529
These returns, when compared with those of the
corresponding period of last year, are generally of
1/,_"ry favourable character. On the Great Western
..n_rere is an increase of £2,539; on the North-
II estern, of £3)555 ; on the South-Western, of
141,057 ; on the Brighton, of £899 ; on the Mid-
and, of £5,173 ;on the South-Eastern, of £3,195 ;
on: the Great Northern, of £2,645; on the Lanca-
shire and Yorkshire, of £1,788 ; on the Bristol and
on the
to £615 ; on the North-Eastern, of £4,007 ;
!1n the Manchester, Sheffield, and Lincoln, of
,460 ; on the Great Eastern, of £2,394 ; on the
'°ll/1 British, of £1,270 ; and on the London,
Chatham, and Dover, of £2,174.

Two o'CLocK.
C According to Reuter's telegram, the French 3 per
Renter were 69f. 55c. this morning. Heavy.
The Stock Exchange markets continue dull and
depressed, and a farther decline, amounting to per
Per cent., has taken place in Consols, which are
II"' 941 for money and account, and 944 for
October.
n The New Threes are 94i ; Reduced Annuities,
441. I ; India 5 per Cents., 112 i 13k 121 ; ditto 4
Per Cents., 100 ; Enfaced 5 per Cents, 103 f 1 4
and ditto 51 per Cents., 1084.
Business in Foreign Stocks continues to flag, and
prices generally are lower. Spanish Passive have
declined f, to 191 ; Certificates to 15/ ;
Turkish 5 per Cents. to 30i 31 ; and Italian
14
it, to 48f ; Greek continue at 13 ; and Mexican
1 4.
The settlement of the account has occupied the
,principal attention of the dealers and speculators in
11 4
Llie Railway Share Market, but prices generally have
cvn a downward movement, consequent upon a
ll'eded
ntiful supply of stock. Great Eastern have re-
; Great Western, North-Western, and
each-1(1411(1, each ; Metropolitan and South-Eastern,
r ; and Great Northern A stock lf.
01'11 the Foreign and Colonial lines there is no
chars
of importance. Great Luxembourg are
bay 101 ; Bahia and San Francisco, 13i ; Bom-
(14Y and Baroda, 103 ; East Indian, 109/ 110 ;
ofrecat Indian Peninsula, Mk ; and Great Western
anacia, 151
li3nallk shares are very quiet and show little varia-
in a-f.
'3 reg a rds values, Bank of Egypt being dealt
W— i, London Joint Stock at 371, London and
48ietrainster at 70 71, and Union of Australia at
valice interican Securities Illinois shares have ad-
to 41d I, to 77 78 ; but Erie shares have receded 1,
73i 45 ; and United States 5-20 Bonds I, to
Po),
quiti; ','liscellaneous and Finance shares the in-
la
hive been on the most limited scale. At-
C7tlit:Velegraph 8 per Cents. have receded to 664
t," of 11:11's Bay Comp my to 14i ; while Vice-
-70. on't's Mortgage Loan has improved to

MINING MARKET.
THURSDAY AFTERNOON.
4 111 the Mining Share Market there has been
00 4etiVe demand for Clifford, North Crafty,don,
j,lltli. Car and
Marke Valley, East Ca
are
the
etlurc'ntales, and Great Laxey. Annexed ar
current gnotations :
(ii,lovertori M00r..., 5 51,
(Tho,tles Gold ... : . 4.1 1
kaa",.°!l,l Alualgatua*te. 7 71
latb Dgagsut ......... 16 17
teat aradc'll ...... 5 51
qt 4
~ Lcrrell .......... 61 6i
%r:,ttssell ............ ..
_.2
eat .iii'LeY
_.: .......... 18f 19f
4,,,,tt
Itqatiick
..... 4 4i
11z111„ vital Vor . ..
17 18
liort- a"bY .... 5l 51
4 Orofty ............. 3: 4i

North Treskerby
Prince of Wales
Providence Mines —
South Caradon 360 380
Tincroft
West Chiverton
West Seton —
Wheal Basset —
Wheal:Grenville
Wheal Chiverton 6/ 7
Wheal Crebor ...... 6s 8s
Wheal Seton 105 110
114ITISlIg
3 FUNDS—TWO O'CLOCK.
1.13 r tj `\MENT
elit. 0_ -.Ds,
8 °. ikee lasols
ti),(3l
(440,4 t,
... .................
,t
.. 1.0 ..................... 9
":)?,, .
.............................. 91
ter
j__ . . .............. 041
4 I °lit 44* 1P5!)4 ........
80. jan.1873
...........
expire sth. :3 ..... .

Do. for 30 yrs, expire sth April 1885...
DoSited Sea Tele6raph), Au 6., 1908.,_

- - - March. June.
Exchequer Bills, £1,000
Do £5OO
Do. £lOO & £2OO —Pm pin
Bank of England Stock, 51. per Cent
Do. Account
INDIAN GOVERNMENT SECURITIES.
Indian Stock, 101 per Cent., April 1874 —
Do. Account
Do. 5 per Cent. July, 1880
Do. 4 per Cent., Oct. 1888
Do. Certificates —
Do. Enfaced Paper 4 per Cent —
Do. 5 per Cent., Jan. 1872
Do. 51 per Cent., May 1874 lOBl
Do. 5 per Cent., Rup. Deb., 1872 —
Do. do. 1877 —
Do. do. 188.,
Do. Deb., 5 per Cent., Aug. 1873
Do. Bonds, 5 per Cent., £l,000
Do. under £1,000
FOREIGN FUNDS—TWO O'CLOCK.
Argentine liopublie, 0 per Cent —
Austrian Bonds, 5 per Cent. 1839
Irazilian 5 per Cent —
Du. 41 per Cent., 1852-58-60
Do. 1803
„ie. 5 per Cent., 1865
1)o Account, —
Do. £lOO Bonds —
Buoaos Ayres 6 per Cent .. —
D ) 2 per Cent. (Deferred 3 por Cent.)
73ttba, 6 per Cent.
o,ilian 6 per Cent —
Do. 41 per Cent —
00. 6 por Cent., B •
Po., 1867
Do., Scrip, £57 paid
Do., 7 per Cent., 1866
Do., Scrip, £2O paid.
o,l,,mbian, 6 per Cent.
Danish. 3 nor Cent., 1825
ainubfan Principalities, 7 per Cent
Do 8 per Cont., 1867
Equador New Consolidated, 1 per Cent 5B
Egyptian 7 per Cent
.
Do. Second Issue

Do. £lOO Bonds B9
Oa. Do. 1861
Do. .£lOO Bonds B7l 1
Do Government itailway Debentures B3l 1
Greek 5 per Cents., 1824.5, ex Coupons
Dc. Account
Do. Coupons
Do. Account
Guatemala 5 par Cent .. —
lttiian 5 per Cert., 1865 —
Do. Account
Do. Maremmana railway
11.-,xicar• 3 per Cent
Ditto for Account
Da. 1864 B/
LV.) 6 per Cont. Anglo-French
slont6videau 6 per Cont. . ***** ••••
‘,lomisq lmmrial 5 per Cent
Now Granada lll
Do 3 par Cen —
Do. Dtferr2d
Do Lau .l Warrants (Hectares)
reral:at• f. per Cent., 1865 --
Do Account 651
Do 41 per Cent., 1865
Do 41 per Cent. (Uribarron)
Do 4,1 per Cent., 1862
Do Account - —
Portuguese 3 per Ct., 1853, '6, '7, '1),'60,'2,'3
8-8.
Russian 5 per Cent., 1822, £ Si
Do 41 per Cent. 1850
Do 41 per Cent., 1860

Do 3-per Cent.; 1859
Do 5 per Cent., 1862
Do. 1864
Do. Anglo-Dutch, 1866 B7} I
Do. Do. £BO paid — dis
iardinian, 5 per Cent
Spanish 3 per Cent
Do Acc/Junt
Do New Deferred. ... 3l

Do Account
Do Passive
Do Account
Do Corn. Cert. of Coup. not flurried

_
Do Account
Turkish 6 per Cent., 1854 -
Do Account
Do 6 per Cent. 1858
Do Account
Do £lOO Bonds
Do 6 por Cent., 1862 —
Do Account
Do .£lOO Bonds 5Bl 9
Do. 1863 —
Do 5 per Cont., 1865 3l 301 1
DJ Acount —
Do 6 per Cent., 1865 •
DJ 1 por Cent., Guaranteed
Venezuela, 3 per Cent.
Do Account —
Do 6 per Cent., 1862
Do 6 per Cont. 1861
Dividends on the above payable in London.
Austrian a per Cent. Ex 10 Florins
Belgian, 4 per cent., Ex. 25f.
Dutch '.2* per Cent. Ex. 12 Guil,. s4}
Do. 4 per Cent. Certificates
French Routes 3 per Cent., Ex. *2)t.
ItaitaL s,Ter dent:. 1331, Ex. 25i
• •
Do. A&ount 4B
TWO O'CLOCK.
Consols, /honey 941
.4.
Do. Account September 10 9l-1. i.
Do. October