The Sun.
London, England, 1867-05-03 00:00:00

LION E. IP MARKET

AND
COMMERCIAL IN TE LUMMOX,

TWELVE O'CLOCK.
At the discount department of the Bank of
England to-day the demand is moderate, and in
other quarters a limited amount of business has
been negociated.
A further sum of £50,000 in gold was withdrawn
from the Bank of England yesterday.
At a meeting held to-day of the proprietors of
the Great Indian Peninsula, Rail ,vay Company, the
report of the directors and statement of accounts
was submitted. The report was unanimously
adopted, and a resilution carrie 1 increasing the
directors' remuneration.
In the Mincing-lane markets, during the last few
Clays, there h is been a moderate amount of business
transacted. Sugar has bcen at steady rates. For
Colonial descriptions of coffee there has been a
g°ol demand, and a further slight advance has
been established. Rice has remained in moderate
request, at fully late rates, while tallow continues
to be neglected, and quotations are a shade lower.
With respect to the grain market in Birmingham
Alr. W. C. B. Cave states that the weather is now
all that can be desired for the completion of spring
sowing and planting. The wheat plant looks
healthy, but there are some complaints of the beans
having suffered from too much moisture. Unin-
fluenced by the more pacific news of the conti-
nental dispute, the price of wheat continues to
advance gradually from the now admitted fact
that the stocks of both English and foreign are
In a less compass than has been known for years.
Farmers' deliveries at all the country markets are
extremely small, and barely sufficient for the local
demand, but millers buy sparingly from week to
week in the hope that present prices may bring for-
ward a better supply. At this market to-day there
Was a better show of English wheat—best samples
commanded an advance of ls. per quarter, while
secondary lots were more saleable at the extreme
prices of last week. Fine red, 675. to 70s. ; white,
72g. to 763. ; all per quarter of 4961b5. Foreign
Wheat met a fair retail demand, at an advance of
about ls. per quarter.

The application of Mr. C. Oppenheim for a call
to be made in re Overend, Guerney, and Co., was
beard yesterday before the Chief Clerk of Vice-
Chancellor Malins, who has adjourned it to be heard
before his Honour in person, at half-past three
o'clock to-day.
The next public sales of Colonial Wool have this
day been fixed to commence on the 16th inst. The
quantity already arrived amounts to about 150,575
bales, of which 22,593 bales arc from the Cape of
Good Hope. The Committee of Merchants have
decided that all arrivals after the 9th inst. will not
be included in the present series.
There is a marked change in the tone of the Lon-
don market for American securities, the decidedly
wore reassuring aspect of European politics having
induced large purchases of United States securities,
to cover sales which had previously been made on
fear of war between France and Prussia. 5-20 Bonds
are last quoted 711 to after having touched
121, ex coupon, which is equivalent to the highest
figure that they have ever reached in this country.
Illinois Central Shares have been steadily supported,
and leave off 751 to 761, or $3 above the price of
this day week. In Eries there has been a very
large
business, and the quotation has advanced
Ile early $6 per share, viz., to 42}
to 421,
the rise
being partly attributable to purchases on New
fork account, and partly to cover " bear sales"
°II this side. Atlantic and Great Western Rail-
'Way Debentures are steady at 31 33, and the Con-
solidated Mortgage Bonds at 21 22.
The committee of investigation of the London,
kirighton, and South Coast Railway Company have
issued a supplementary report, containing further
results disclosed in the course of their inquiry, and
Which they consider demand explanation. SOlll5
of these facts are of a remarkable character. They
kichide the particulars of certain important discre-
pancies in the half-yearly accounts furnished as to
interest on mortgage debt and preferential capital,
and also temporary loans. On this last point the
committee observe that in the report issued up to
30th Juno last the amount due was stated to be
44.5,006, but that" some remarks having been made
at the meeting for the half-year as to so large an
iainolint being due to the company's bankers, this
t eni disappeared in the next report of December,
Ilt 866." "This circumstance," they add, "it is diffi-
te.o to reconcile with statements which have reached
(1,15 Committee as to the position of the Brighton
Company with their bankers." A most instructive
comparison is exhibited between the financial posi-
tion of the line during the ten years included in
rr• Laing's chairmanship and that which is shown
_ll the subsequent decennial period. The committee
conclude by enumerating certain things which are
essential in order to place the company's affairs on
Sound footing. These are :To obtain a complete
estimate of the works in progress, and to at once
abandon all those which are not absolutely indis-
pensable ; to have an accurate statement of assets
and liabilities, including floating debts, and to pro-
vide a financial scheme for liquidating them ; to
revise the scale of fares and working expenses ; to
cultivate the most intimate alliance with neighbour-
ing companies, and to secure a direction which shall
enter heartily into these measures.
The return from the Bank of England for the
'Week ending the Ist of May gives the following
results when compared with the previous week :
Rest
P £3 125 803 ... Decrease .£7.316
üblic" ' '
de 7052501 ... Increase 706,672
Other deposits s 17,793,917 ... Decrease 89,975
G On the other side of the account :
orrnment securities £12,886,314 Increase £10,1568
Noher securities ... 19,169,324 ... Increase 919,61,
ee
unemployed 9,867,745 Decrease 233,130
The amount of notes in circulation is £23,299,665,
being
an increase of £174,280; and the stock of
bullion in both departments is £19,248,895, show-
ing a decrease of £88,032 when compared with the
Preceding return.
Subjoined is a comparison of the present postion
of
the Bank and the price of Consols with the cor-
respondingo date of last year, when we were within
on week of the height of the panic and the stoppage
i,i
Uverend, Gurney, and Co. :

Same week
At present.
Ili I._ last year.
NT-11.• bullion ... ... .£19,248,895 ... .£13,509,140
is‘i°,_tes in reserve... ... 9,867,745 ... 4,839,250
R„,_l°B in circulation ... 23,229,665 ... 22,872,770
i;';'° of discount 3 per cent. ... 7 per cent.
•••
lice of Consols ... 91} ..• 861
o,l:he Bank of France return for the past week
thrvis the following alterations when compared with
e former account. An increase has taken place
t! the cash, amounting to £520,000; in the bills
414 counted, £400,000 ; in the advances, £13,320 ;
14 the notes, £826,610 ; and in current accounts,
40,000 ; while there has been a decrease of
666,640 in the Treasury balances.

Two o'CLocK.
According to Reuter's telegram from Paris to-
'lay, the French Rentes were 68f. 55c.
There is still firmness, with a degree of dulness,
the market for the English Funds. Consols are
for immediate transfer and account, and 91/
for the June settlement. The account price, it will
,e seen has receded, and this is probably owing to
Political considerations abroad, and also the ma-
jority against the Government in the House of
e
"Irnons last night. The New Threes and Re-
Tileed Annuities are 59i, 1; Annuities (Red Sea
eie
In graPh) ; Bank of England Stock, '253 2511;
(2'4 5 per Cents., 110 / ; ditto Enfaced 5 per
7
ditto Bonds,
103 102/ ; ditto 5/ per Cents., 108 ; and
Bonds' 488.
prem.
bli!;11 the Foreign Stock Market there is very little
pa—n4riess; but prices are firm. Italian hare ad-
eecl to /, to 48 ; Greek -I, to 12/ 13/ ; Turkish
7 Per Cents. to 291 ; Danubian Scrip /, to
se 5 die. ; Chilian Scrip 1, to 4i 4 die.; and Russian
rip 1; to 1/ dis. Spanish Passive have declined
can 020 ; and the Certificates 1, to 13 I. Mexi-
remain at 15 /
4.
~aeontinued depression has prevailed in the Rail-
' Y Share Market. Great Northern and London
411 d Brighton
have each declined 2 ; South Eastern
; Lancashire and Yorkshire, 11; South Western,