The Sun.
London, England, 1867-11-05 00:00:00

IttoliEY MARKET

AND

COMMERCIAL INTELLIGENCE,

TWELVE O'CLOCK.
Business in the General Discount Market con-
!lanes very quiet, and now that the requirements
for the fourth of the month have been provided for
there are few applications for accommodation, the
rates current for the negotiation of first-class short-
dated
paper ranging from to per cent.
The committtee of the Stock Exchange have
appointed Friday, the Bth inst., a special settling
day in the New Redeemable Shares of the Metro-
Politan Railway Company, and in the 25,000 new
i2O shares of the Dutch-Rhenish Railway Coin-
PanY• Both to be officially quoted.
Celt.T he committee have also o:dered the Six per
Bonds of the Tasmanian Government Loan
and Ten-Forty BoAds of the United States to he
(tidally quoted.
Yesterday evening th-3 suspension was announced
of Ur. J. B. Fawcett, underwriter at Lloyd's, and
also that of Mr. W. M. 11. Welch Miller, an in-
surance broker of some standing. The liabilities in
either case, it is understood, are not of an important
character. Messrs. Price, Holyland, and Water-
house have been appointed accountants for Mr.
Welch Miller.
In the Liverpool Journal of Commerce of to-day
the suspension is announced of Messrs. Theodor
luaus and Co., general merchants and cotton ex-
Porters. Their liabilities, it is believed, will not
exceed £200,000. It is stated that they hold 6,000
bales of cotton, and to this fact their failure is
attributed. Messrs. Knaus and Co. have a branch
house in Liverpool.
By advices from India we learn that the Govern-
!ilea has collected sufficient railway plant to erect
the shipping wharves, and two miles of the proposed
railway at 11Iassowah. It was reported that it was
'lleentemplation to form a cheap surface mountain
railway up to the hill districts to enable the General
commanding to remove his " base" from the un-
healthy coast of the Red Sea. The difficulty, how-
ever, with the authorities was the finding of motive
Power to work a tramway of the character required,
Mules or horses being out of the question. Mecha-
nical agency for mountain passes is still problema-
tical, and is likely to remain so until some efficient
engine is made capable of working the Mount Cenis
Railway with success. This has not, we understand,
been yet accomplished. It is also reputed that the
',aoha of Egypt has despatched 10,000 troops to
the scene of action. Although these men will not
he permitted to take any part in the war, they may
he turned to account in erecting the wharves and
making a railway.
The fourth and last series of public sales of
Colonial wool is fixed for the 14th inst. The
quantity to hand is about 79,062 bales, of which
47,034 are from the Cape of Good Hope.

Atlantic and Great Western Railway Debentures
remain steady, at 25i 261, and the Consolidated
lqortgage Bonds at 20 21.
There has been rather more animation exhibited
in the Foreign and Colonial Produce Markets dur-
ing the last few days. Sugar has fully maintained
the slight advance lately established ; operations in
tea) however, have been postponed on the part of the
trade until the public sales, which commence to-day.
'lice bits been a shade cheaper, as also cotton and
the decline in the latter article being to the
extent of about 6d. to Is. per cwt. for both pre-
kilt and forward deliveries.

Two o'CLocK.

According to Reuter's Telegram from Paris this
uftY, the French Three per Cent. Routes were at
67f. 77c. Firm.
Owing to the news of the defeat and arrest of
Garibaldi, which has for the moment been construed
favourably, and also to the fact of a recovery in
the French Reutes ofd per cent.,:the English Funds
have improved it with a firm upward tendency. All
the other departments of the " House" have like-
''l2e been influenced in the same direction. Consols
are 94 for money and the 7th inst., and 94 1
for December account.

firmer tone has been apparent in the Railway
Share Market, and in several instances there has been
a Blight advance in values. Lancashire and York-
shire have improved 1; Caledonian, Metropolitan,
kidland, and South Eastern, each and North
Western k, while Great Northern A Stock is flat
411 d have declined I.
,i,,The New Threes and Reduced Annuities are
,70t1 ; Annuities, 12 13-16th ; Exchequer: Bills,
prem. ; Bank Stock, 248 1246 ; :India 5 per
‘jents. 1141 114 ; ditto 4 per:Cents., 100 ; Enfaced
ditto, 88 ; and ditto 5 per Cent. Bonds, 598. to 60s.
Prem.

Business in the Foreign department of the Stock
1,
rtaehange has been favourably influenced by the
Alian news. Italian Bonds have recovered f, to
1 4 ; Turkish 5 per Cents., ,to 311 ; and
.h'Panish Certificates, -, to 16* ; but the Passive
"3,°nris have receded *, to 181 ; and Mexican
likewise * lower, 141 15 ; Greek aro steady at 12 *.
Ihe Foreign and Colonial lines show little varia-
,"o• Great Luxembourg are marked 81 ; Great
Western of Canada have improved to 1G 17 ;
Great Indian Peninsula to 108} and East Indian
to 1101.

More activity has been exhibited in American
Securities. United States 5-20 Bonds show an
advance of I, to 70 /, and Erie shares I, to 46f 47 ;
bat Illinois shares are / lower, at 80i 81.
.._

Bank Shares remain in very limited request.
Chartered Mercantile of India, London, and China
have improved to 26+ 27 ; London and County have
declined to 51 and Union of London to 37} ; and
London and Westminster have advanced to 72.

. _
Miscellaneous and Finance Shares continue ex-
?eedingly inactive, and without any material change
111 values. Credit Foncier of England are dealt in
4,,t 2} ; Ocean Marine Insurance Company, at 21f ;
Zr?glo-Anaericau Telegraph Company, at 17/ ; and
v iceroy of Egypt's Mortgage Loan, at 72i 73.
Ileninsular and Oriental Steam have declined
to 54i.

MINING MARKET.

TUESDAY, Two P.M.

Only a moderate amount of business has been
entered into to-day in the Mining Share Market,
414 prices remain without material alteration. The
sharesares chiefly enquired for have been West Chiver-
tg
~,?11) North Treskerby, Prince of Wales, Bassett,
`'lleritales, East Russell, and Marke Valley. An-
hexed are the latest current quotations :
Chivorton Moor, 4/ 51; Chontales Gold, 31 4; Clifford
4kit
-ft•gamated, 6 61 ; East Caradon, 5} 6 ; East Lovell, 8
; East Russell, 35s 378 6d; Frontino and Bolivia Gold,
58
178 ; Great Laxey, 17 18 ; Great Wheal Vor, 171 181
3Parke, Valley, 61 61; North Crofty, 3 3}; North Tres-
;r°Y, 36s 38s; Prince of Wales, 52s 548; South Frances,
wt 35; West Chiverton, 70 72}; Wheal Basset, 90 95
heal Grenville, 31s 33s ; Wheal Seton, 100 105.

LATEST CITY INTELLIGENCE,
CITY, HALF-PAST FOUR O'CLOCK.
Since two o'clock there has been a farther ad-
-411c(1 in Consols, amounting to 1 per cent., the
latest prices being 941 1 for money and account,
44494/ for December.
The
New Threes are 921 4 ; Reduced Annuities,
17,4 ; Annuities, 1885, 12 13-16 ; Exchequer
28s. to 31s. prem ; Bank Stock, 248 246 ;
Ip'4 5 per Cents., 1141 114 ; ditto 4 per Cents.,
teery o;ereditto Eion4fa.eed 4 per Cents., 88 ; and ditto 5
Stocks have generally
S closed better.
Italian are 45 ; Greek, 12 f ; Mexican, 14/ 15 ;
PaniBh Passive, 18} 19 ; Certificates,. 161 ; and
rurkiah 5 per Cents., 311
of j.
The following are the closing quotations of some
,o the principal railway companies' shares :
nian, 86 to 87 ; Great Eastern, 31/ to 324 ;
461. Northern, Northern, 107 to 109 ; Great Western, 45/
_6:1; Lancashire and Yorkshire, 1241 to 125/ ;
righton, 52 to 53 ; Metropolitan, 1201 to 121 ;
10
_1 idland, 117 to 1171; North-Eastern (Berwick),
Am 102 ; and South Eastern, 661 to 661.
„erican Securities have closed at 701 ; United
otates 520 Bonds, 461 4 ; and Illinois, 81 4.
Alexander Collie and Co.'s Manchester telegram
of to-day states ;_-‘c Our market is aga* weaker!