The Sun.
London, England, 1867-02-14 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCZ,

TWELVE O'CLOCK.

More than ordinary excitement inaugurated the
business of the City to-day, and especially in the
neighbourhood of the Stock Exchange. And no
wonder. The fearmanifested in Chester, Liverpool,
and Staleybridge, and the details furnished to the
Public, point to the possibility of one of those perio-
dical civil convulsions which attack all nations.
Affairs at home are looking very gloomy and every
vigilance must be exercised. The Government have
acted wisely at and since the event at Chester, and
although there is considerable anxiety throughout the
country it may be said that every confidence is re-
Posed in Mr. Walpole and his colleagues. had it
not been for this confidence, Consols, the British
funds—yclept, the barometer of the public mind—
in fact, the pulse of the nation, would, amidst the
very extravagant opinions expressed this morning,
have descended 3or 4 instead of per cent. This
latter movement has just occurred, and, in sym-
Pathy, all other securities have more or less
suffered, but there is no ground for alarm,
and with the exercise of the talent of the
present Administration it is hoped and believed
that all fear, groundless or otherwise, will be speedily
removed. In the money market to-day there is no
change, the Bank of England having continued their
rate at 3 per cent. At the Stock Exchange there
has been more demand, and lenders, owing to the
Foreign Stock and Share settlement are charging
2to 2} per cent. This, however, is merely tempo-
rary, the supply being far in excess of the inquiry.
For weeks past it has been seen that the sums
offered for employment in short loans on Govern-
ment Securities have steadily augmented, and, ac-
cording to present indications, there appears no
Probability of a decrease.
The Manchester papers mention the failure of
Mr. N. J. Amiss, small-ware manufacturer, of
Albion Mills, Gaythorn, with liabilities amounting
to £30,000 ; and of Messrs. Hadfield and Co., of
nigher Ardwick and Warrington, liabilities not
stated.

During the last few days there has been a good
demand for green fruit, and the market has further
improved for oranges, some parcels—St. Michael,
Valencia, and Sicily—going at a considerable ad-
vance in price, and which is likely to be sustained ;
lemons higher, with a limited stock on hand. More
inquiry for nuts of all kinds, with a tendency to
advance in price. Seville sours in request, and
further arrivals daily expected.
Letters from Bucharest mention that Messrs.
OPpenheim and Sulzbach have handed to the Go-
vernment the first and second instalments of
the projected Roumanian Loan, amounting to
£320,000. The Loan, which is for £740,000 money,
Zs, we hear, likely to be brought out in the course
of the ensuing week by one of our leading firms.
NO gold operations of importance took place at
the Bank of England yesterday. The withdrawals
for the continent have almost ceased, and the only
foreign shipments that have taken place are some
exceptional transactions for South America. Supplies
of bullion are coming forward from the United States
and Australia; within the last few years it has been
prominent feature that a portion of colonial gold
.
been taken to India, but the rate of exchange
between London and Bombay now stands at a point
that
Will cause the bulk of these supplies to accumu-
late here.
GThe committee of investigation of the Atlantic and
reat Western Railway Company have announced
the bondholders and creditors their having entered
on their labours, but, towards expenses, ask the
ooderate sum of 2s. per £lOO sterling, as a pro rata
ntribution to cover the expenses of thoroughly
Investigating' the transactions of the company, and
anforrning those interested as to their prospects.
With regard to the Confederate Loan the follow-
ing letter has been forwarded for publication :

TO TIIE EDITOR OF THU SUN.
tiint,—We have received the following with reference to
memorial forwarded by us on behalf of the bondholders
ts°t. the night lion. Lord Stanley, her Majesty's Secretary of
ale fur Foreign Affairs.—We are, sir, your most obedient
servants,

TEnnELL and CHAMBERLAIN,
Solicitors of tho Committee.
30, Basinghall-street, Feb. 13, 1867.

Foreign-office, Fob. 9, 1867.
led
Gentlemen,--I am directed by Lord Stanley to acknow-
ge the receipt of your letter of the 7th inst., forwarding
memorial from the committee of the holders of the
Cotton Loan of the so-called Confederate States of Ame-
rie together with a legal opinion on the same, and lam to
state to you in reply that those papers will be duly con-
sidered by horliajesty's Government.--I am, gentlemen,
most obedient savant, • "J. IlAmmom).
ssrs. Terrell and Chamberlain,
30, Basinghall-st, E.C."
t Ths last week's Railway receipts, ascertained up
o this day, are in round figures as under :
Great W 1867. 1866.
Western
... 66,983 64,795
tNorth Western
... •.. ...107,979 108,114
ortwesterti. 19,781 20,796
mi<fia'net ••• ••• •.. ... 17,707 16,923
South Easte;i: •••
... 49,870 48,294
• ..
Great Northern ***
.20,424 19,227
... 36,979 34,362
Lancashire and Yorltshire*..... •••
Bristol and Exeter... 17. 17. 43,333 405,7517.0
North Eastern 08
▪ 65,819 64'14
Manchester, Sheffield, and Lincol▪ n
• 20,827 20,247
Great Eastern ••• ••• ••• •.. 32.832 39 805
London, Chatham, and Dona' •.. 7,911 7,998
These returns, when compared with those of the
corresponding period of last year, are, with a few
exceptions, of a favourable character. On the Great
Western there is an increase of £2,188 ; on the
Brighton of £784 ; on the Midland of £1,576 ; on
South Eastern of £1,197 ; on the Great Northern of
£2,617 ; on the Lancashire and Yorkshire of £2,623 ;
On the Bristol and Exeter of £277; on the North
Eastern of £1,706 ; on the Manchester, Sheffield,
and Lincoln of £5BO ; and on the Great Eastern of
; while the North Western shows a decrease
of £135, the South Western of £1,015, and the
Loudon, Chatham, and Dover of £57.

Two oCLo.
According to Reuter's telegram from '
ParisCK to-
day, the French Rentes were 69f. 65c. Firm.
There is still considerable commotion at the
Stock Exchange, and the most is made by specu-
lators of the various telegrams received from Ireland
and the different places where disaffection has
made its appearance. Every one must be well
aware that suppression will be the main thought of
the Ministry, although it is otherwise surcharged
with other duties. Prices of the British Funds are
altogether irregular, and Consols at the moment
are Oln
--1 for money, and 901 for the account.
2The New Threes and Reduced Annuities are 898
"i; Exchequer Bills, 13s. 15s. prem. ; Bank Stock,
; India Stock, 214 216 ; ditto 5 per Cents.,
107 I ; ditto Enfaced 5 per Cents., 102 1 ; and
ditto Bonds, 325. prem.
I Foreign Stocks are mostly at lower prices.
Italian have declinedl to
to 22 1; , 53! 54 ; Spanish Passive,
fr
5 per cents. the Certificates, 1, to 14i 1 ; Turkish
I, to 31f 1 ; Russian Scrip, I, to 21
ein. ; and Mexican, k, to 174 18 ; but Greek
have advanced f, to 141 ; and Chilian Scrip is
firm at prem.
t A very moderate amount of business has been
,racsacted in British Railway Shares, and a further
.uecline has taken place in prices. North Western
tiave receded
Great Manchester, Sheffield, and Lincoln
each 1
E 1,
Eastern 1, and Midlandand South Eastern
1i In the Foreign and Colonial lines there has been
material alteration. Recife and San Francisco
are marked 91 ; East Indian, 105:1 1061 ; Great
Cents,, Ft ninsula, 105 105. • and Madras 5 per
,-enta,, 1001
'States Securities are a little firmer. United
5-
Bhar es 20 Bonds are f better at 731 ; Erie
I) at 39i 40 ; and Illinois aro at 78 79
ex div.
h Atlantic and Great Western Railway Debentures
..a." advanced 1, to 32 34 ; and the Consolidated
rtgage Bonds remain steady at 27 28.
, Bank Shares remain very quiet. Alliance have
u..ieclined to 171 ; 'Bank of Australasia improved to
; :tug Uniou of London, to 44} 458; London
and County remain steady at 644 65 ex dividend.
Miscellaneous and Finance shares are without
material alteratims, Credit Foncier of England being
ealt in at 4 ; Ebbe Vale, at 10 ; General Credit