The Sun.
London, England, 1867-12-16 00:00:00

ONEy MARKET

AND
COMMERCIAL INTELLIC,?;NGE,

TWELVE O'CLOCK.
In the general discount market there continues to
be a fair inquiry for accommodation, and the rates
current remain at 1 2 per cent.
The Panama has arrived from the Wrest Indies
with about £35,000 ; the Guienne, from Brazil, has
also arrived at St. Nazaire, but the amount of specie
is not yet known.
Atlantic and Great Western Railway Debentures
have risen to 92 23, and the Consolidated Mort-
gage Bonds are steady at 18 in.
The New Honduras Loan is steady, at 1-1- to 13
prem.
At the meeting to-day of the Bombay Gas Corn-
Pliny an interim dividend was proposed at the rate
of 5 per cent.
From the manufacturing districts the . accounts
received this morning state that during the past
Week inactivity has prevailed in most departments
of trade. Cloths and yarns at Manchester have
further declined. Spinners and manufacturers, how-
ever, do not press sales. In the woollen trade of
Leeds, Bradford, and Huddersfield, there has been
little change of importance, and quietness has pre-
vailed in all departments. The hosiery and lace
trades of Leicester and Nottingham, however, have
been more animated, while in the hardware dis-
tricts of Birmingham, Sheffield, and Wolverhamp-
ton there has been a seasonable inquiry for articles
suitable for home requirements at this period of the
Year.

Messrs. J. S. Morgan and Co. have given notice
that the Coupons of the Chaim Seven per Cent.
Loan 1866 (£1,120,920), due Ist proximo, and the
bonds drawn for redemption, also the Coupons of
the Chilian Six per Cent. Loan 1867 (£2,000,000),
Ist January, 1868, will be paid at their offices on
and after Ist January next.
Messrs. J. H. Schroder and Co., of Leadenhall-
Street, have announced the half-yearly interest due
ell the New Orleans, Jackson, and Great Northern
Railroad First Mortgage Construction Bonds, pay-
able in sterling in London on and after Ist January
next.

At the meeting held to-day of the Indian Tram-
Way Company (Limited) the report of directors
stated that, while showing the grounds for deferring
the extension of the line for the present, the Go-
vernment look forward to its future construc-
tion, and have granted, in the meantime,
a dividend of three per cent. upon the capi-
tal of £lOO,OOO, to commence on lat January next.
The directors have made arrangements, to take
effect from the same date, to diminish all the ex-
penses at home and abroad to a minimum, by which
rnsans they hope that the net profits, which have been
gradually increasing since the line was opened in
".1-laY, 1865, may contribute to relieve the Go-
thrnment in part from the payment under
° guarantee. The directors propose to have
the accounts made up to the end of the present
Year, to coincide with the date of the commence-
tient of the 3 per cent. guarantee, and to pay the
shareholders interest at 3 per cent. per annum to
that date, from the 31st December, 1865 (up to
which they last received interest), in stock, the net
revenue having been all expended upon
the line and works. The capital account, after
Payinent of all charges and liabilities, including the
above, will amount to £lOO,OOO, while the balance
°f revenue account, after supplying a sum to make
11P the foregoing payments of interest, &c., will
amount to £1,314 145., which will be carried to a
reserve fund to provide against accidents, fires, and
°ther contingencies.
The public sales of colonial wool, being the fourth
and last series for the present year, have concluded.
T
quantity offered has been :-21,983 bales
‘,.'Ydney and Q,ieensland, 20,056 Port Phillip, 1,901
Yao Diemen's Laud, 3,328 Adelaide, 14,118 New
I.4ealand, 115 Swan River, 45,635 Cape of Good
'dope : total, 107,136 bales.

At this morning's corn market there was a mo-
derate attendance, and the fresh arrivals of home-
grown wheat on offer were small, and iu iudiffe-
rent condition ; holders, however, made no con-
c,3Bloll, and demanded fully former rates. Foreign
wucat, of which the importations have been large,
41'30 maintains last Monday's current rates.
The arrivals in the Tyne continue extremely
They have only amounted this week to
11141 vessels, of which 51 were screws. The sailings
4" been 164, including 57 screws. There are a
good many large vessels in the port, but the general
Cal Plaint is of a scarcity of shipping. Rates to the
editerraneau have remained off and on the same
has last week, but coal freights to London have been
iSher on account of the scarcity of ready ships.
Messrs. H. P. Hughes and Son, in their circular,
state that the attendance of the home trade was
ti,°°d, but that from the Continent much smaller
4,11 usual. Biddings were without any spirit, and
prices receded for all descriptions of wool from 2d.
v°,. per lb. In a few days greater dullness per-
ti' 1:1ed our sale room, with little or no disposi-
th°ll en the part of the buyers to bid, and a
i"rther decline took place, which continued without
been
until half the quantity advertised had
every
offered, of which a portion had to be taken in
evening. At this point the low prices in-
t
rtlced the attendance of fresh buyers, particularly
131. the continent, and more activity took place,
bleb was maintained to the close, but with little
rPerceptible improvement in price. With the very
,:rge increase in the present production of wool, as
toll as prospective, nage particularly in our own
11-°4,les) and in South America, we fear we can
th 41 look forward to prices equal to the average of
CoLlast few years except for real good flocks in prime
itij'iti°u• It is worthy of notice that the greatest
rease is in the middling and lower descriptions of
ti„i°,°l, while the best sorts are even now conipara-
tliLle scarce. It therefore behoves growers of good
V 4 to endeavour in every way to maintain their
ihreeseut standard, and all those who have allowed
t4tecitlality and condition of their flocks to deterio-
N.(and we regret to state that this is greatly on
torta4crease) to do all in their power to regain their
beli,,er Position in the estimation of the trade, as we
te,Zve this description is the most likely to realise
`mtatlerative prices.
tts.tarlrleargtiet.ph.se past week 23 ships have arrived at
001, three having timber cargoes, whilst
'414 the same period 149 have sailed. At West
taliel'esel, 35 vessels have entered the port, 13
tood! timber cargoes, 7 grain, 2 iron, and 1 each
Aorta .Stores and potatoes ; whilst 74 have left the
Ire. ' Including 9 screw steamers. The London
44014hts have
undergone no change since last week,
?I What
ad. vessels have chartered have received
4i4lltal'teeyssicie trade remains quiet, and stocks are
tOodger reduced. The deliveries of pigs continue
b,N° el
. 1 good, at the following list quotations :
ettied' 465. 6d. ; No. 3, 435. 6d. ; No. 4, 425. 61;
Tand white, 428., nett cash, or ls. per ton for
andhe foundries are not generally very busy,
tanc,, 8 are not at all sanguine as to large orders
reCeiv d
this e for the winter. Most of the founders
stitlga strict are employed in producing railway
Port and gas and water pipes, but there is no re-
h of n., l
e v4r, arge accessions to the order books of
AntlB r4akers.

Two O'CLOCK.
Prke leh Rce° ding
te to neuter's telegram this morning the
leu3 were 68f. 92c. Animated.
treat,e Iliarket for the English Funds exhibitsfnor
kon 'A' Variation as regards prices. Consols o 11! and account arc k lower, viz., 921 i• .
N 1 "21r1v Threes and Reduced Annuities are 4. ; z;xchequer Bills, 28s. prem. ; Bank Stock,
6s tuclia 5 per Cents., 1001 4 ; and ditto Bonds, I,or 183. prena.
4 3 nave unproved i
11 eiga Stocks generally are steady.
04(.1.. t .
Greek
to 2,3
hilr, Italian' ; the to 12i i ; Spanish Passive
;
New 3 per Cents., 3-16th to ,lit . aid 't 3 Per Cents., have declined 1, to 404- J,
14 114:445 per Cents.,to 33i I*
Illare,tille Railway Share Market business has re-
itre it , very inactive,c and in a few instances prices
enade fldon, Chatham, and Dover