The Sun.
London, England, 1867-10-28 00:00:00

ONEY MARKET

AND

COMMERCIAL INTELLIGENCA,

TWELVE O'CLOCK.
In all departments of business in the City there
has been a fair attendance, but business generally
has remained quiet. In the general money market
the demand for accommodation is inactive, and the
capital on offer superabundant. The rates for the
Tugociation of first-class short dated paper still
ruling at 11 1 per cent., and on the Stock Ex-
change loans on Government Securities for short
notes are readily obtainable at 1 per cent., although
there has been more inquiry in consequence of the
commencementi. of the settlement in Railway and
Joint Bank Miscellaneous Shares.
f The sum of £23,000 was withdrawn on Saturday
the Bullion Office of the Bank of England.
In the corn market this morning there was a fair
oft endance, but business remained inactive ; holders
home-grown and foreign wheat demanding an
advance of Is. per quarter on last week's rates.
call of £1 per share, payable in two instal-
ients, has been made by the Credit Foncicr of
ngland ; the option of paying the amount at once
wider discoant is given.
;the Sociad Generale, of Paris as concessionaire
t' the contemplated Hungarian Loan has applied
sane of our leading houses to introduce the ope-
ration on this market, but without success, as expe-
:nee of the last few years has fully demonstrated
ih!ngliSh capitalists the folly of lending their
Paper
teel, Money, thus necessitating a continuous issue
a "ktlantic and Great Western Railway Debentures
tie steady at 25/ 261, and the Consolidated Mort-
'e Bonds at 201 211.
From the manufacturing districts the reports for
the past week state that, with a few exceptions,
tC`tleas has remained very quiet. At Manchester
but recent bank failure has caused some depression,
, manufacturers and spinners were demanding
Bradford,
rates. In the northern districts of Leeds,
Zradford, and Huddersfield, there had been a very
seaa,etive inquiry for goods suitable for the present
8„:"n) and but little business had been reported in
Ce.lng fabrics. The hosiery and lace trades of
teleester and Nottingham have, however, continued
g,,llew an improvement in the demand for useful
ha s; while in the hardware districts of Birming-
t:' Sheffield, and Wolverhampton, business has
4;4410 quiet in most departments, without, how-
Tilany material change in prices.
with e TYne still continues to be very much crowded
size it.shiPPing, many of the vessels being of large
though a good few have left during the week,
,Yesterday several ships of heavy tonnage pro-
thected to sea. According to the Customs' books
in'' : arrivals during the week have been 276, includ-
-4353 screw steamers ; the sailings 150, including
'crew vessels. From the excess of import ton-
sage, the disturbed state of Italy, and other causes,
Ate freight market has been exceedingly dull for the
orecliterranean for which sea there has been little
aisnu demand this week. The coasting trade has
oe.°,,been very fiat, the rates to London being from
ild. to ss. 10id. per ton.
6 reights during the past week, from the Wear,
ti7e ruled generally low, on account of the execs-
ke quantity of tonnage in the port, and 6s. 3d. to
4id• per ton may be quoted as the London rate
llaniburg, £8 10s. ; Nieu Dieppe, £7 to £7 ss. ;
aB' and
£7 15s. ; Lisbon, £l2 10s. ; Rotterdam
,
tand Bruges, £Blos. per keel. The Alexandria
Sate is £2O DS. to £2l. Mediterranean rates
hre generally a little improved outward, and
t°lneward ships at or near the grain loading
44% are still commanding high figures ; but this
8111 soon be over, as a more quiet feeling is begin-
to be observed. The Indian trade is looking
'ore healthy, and good rates are quoted homeward,
ith a fair demand for tonnage outward. From the
4"
reerican ports on the Atlantic seaboard a large
,114antity of cotton and grain will soon be ready for
teiot4pizl t, and the scarcity of tonnage in that direc-
operate beneficially on freights, and an
leellent business, no doubt, will be done.
petrturing the past week 108 ships have entered the
tiro of West Hartlepool, 26 importing cargoes of
toes era deals, and props, 4 goods, 1 each of pota-
pstie'astenes, and grain ; whilst during the same
117 ships have sailed. At East Hartlepool
beer, 'easels have arrived, 11 having cargoes of
Whilst hay, iron, apples, timber, and goods,
stew
te 121. have sailed, including five screw-
a v erS• MO brokers and merchants have had
Of sheittl: busy week owing to the number
Ves,KV in port, and the greater portion of the
1te13,, tile 'ave effected charters. The collieries have
~eniensupply of coal equal to the shipping con-
kaiet e,ea of the port. The London frieghts still
4ight4ul the ascendancy which was gained a fort-
ttclva„Past, and there is a probability of a further
• are egoece•i The top price is 75., but most shipowners
eat to take 6s. 9d. with a quick despatch.
• report of the directors of the Great Indian
414111
illiareh a Railway Company to be presented to tho
th ciders
kt the on Nov. Ist has been issued. It states
ksao net receipts of the half-year amounted to
„ 568 is •
s'aOttta ' being at the rate of £6 9s. per cent. per
at Pon the total paid up capital of the corn-
-11130 the 30th June, namely, £16,443,414 ; but
the .
15e4ded estimated amount of capital at present ex-
egiatin °n the 852 miles of open railway, with the
etipts
Of
stock and machinery, the net re-
rate„,(4 the half-year arc equal to a return at the
ob 91
tshiea 3s. 4d. per cent. per annum. Such results
f Inatlertaki the imperfect state of the company's
actor n g cannot fail to be regarded as most satis-
relit by the proprietors. The guaranteed inte-
atno: the half-year advanced by Government
e 4 gated
Atstel f £398,452 7s. 10d. This sum being
1.431 rein
d b the amount of the net receipts, there
N e left as surplus profit £132,115 12s. 2d.,
410iet
th 3of which would be about 10s. per cent.
4, e share •
apt capital to the 30th June last ; but her
the aYb'e Secretary of State for India being unable,
ttiO arriv acute of sufficient information from India,
11e aet e at a decision as to the appropriation of
Yet i 4 l'eccipt of the half-year, the board arc not
Tile it: position to make any proposal regarding it.
are nal n
ce4a,„ net revenue and surplus profit accounts
Ztateke 'quently not appended to this report. The
ara be,„lita °n capital account show that £16,443,414
ar- received on shares and debentures to the
Xl5 000
763 ' 1867, of which there had been expended
that date'72l 6s. 11d., leaving a balance in hand at
Of £689,689 13s. I.d.

t6° Frr~ug
Two o'CLoca.
to Reuter's telegram from Paris to-fidramy
'"411; Rentes were 68c. 72f. Very
Nt • "'
Wlthstanding the unfavourable accounts wiinith.
1)1,04v/scl to the Roman question Consols have 1)44e.C1 t 0 the extent of 1-16th per cent., the com-
bpur-
,,lltlvel3r,„l"/ quotations having attracted
-4(1 vensols are 94 5-16ths 7-16ths for money,
I-16ths 9-16ths for:December.
54 11. ell Threes are 921 ; Reduced.
,Annuities,fd
; ladisls per Cents., 1131 114 ; ditto En aced
4itt:leill44.> 104 ; ditto Debentures, 105} ; an
Bonds
61s. prom.
Itali '4te'St Prices of Foreign Stocks are as follows :
4.„3i ; G-reek, 12f 11 ; Mexican, 15 'Arki,:47a•
64-Etasive, 19 ; Certificates, 16 i ; and
of p Per cents., 314 32.
44' utt.l4i4a and Colonial lines show little change
t
1441 ;13%„a11Ce. Great Luxembourg are dealt in
at
;i ; Austrian and Lombardo-Venetian
Great
Western of Canada, at 16 16i; East.ll,
4t
,s.l-0;,) aat 110 1101 ; and Great Indian Peninsula,
utlit 4.
11114re3 1 States 5-20 Bonds aro
IV 451; and Illinois, 79i. 691. ; Erie
I'4ve Derations in the Railway Share Market
444
„"IY been to moderate extent, the dealers
444jecUlators being chiefly engaged with the
eilleuts for the settlement. Prices, however,
&4orld -4
el' two exceptions, have slightly improved.
I 54 c
4‘re ' hathani, and Dover and North-Western
'4otthe4ch advanced ; Great Eastern and Great
411 A Stock each • lnd South Wandestern
Cale-
-1 ;
Met
otlia4 toi,olitau have" declined 17
.13411 k
'''44re4 remain inactive, without anY change