The Sun.
London, England, 1867-11-19 00:00:00

VI 0 N MARKET

AND

TN VILLIGANC E,

TWELVE O'CLOCK.
There continues to be a moderate inquiry for
accommodation in the general discount market, and
bankers and bill brokers are asking rather higher
terms, the rates current for the negotiation of first-
&ass short-dated paper ruling at li 11 per cent.
d
A41103;0(1 are the latest prices of bullion :—Bar
gold, 77s 91
per oz. standard ; do., Parting, 78s ;
Doubloons, Spanish, 75s 6d to 76s ; do., Mexican
eagles,
and South American, 73s 9d ; United States
76s 3d to 76s 4d ; bar silver, 5s to 511;
doll 5411 s' Mexican,
do., containing gold (5 grains and upwards), 5s ld ;
Ss 11. 4s 10d to 15-16 d ; cake silver,
Tenders for £470,0)0 New Zealand 6 per Cent.
Debentures will be received to-day by the Crown
agents for the colonies.
A meeting of the shareholders of the European
Bank has been convened by Mr. Potter,. of 31,
Poultry, to be held at the Guildhall Coffee-house, on
the 19th inst. (this day), to take into consideration
the present condition of the affairs of the bank.
The prospectus of a new Egyptian Loan for
f'2,080,000, in a 9 per Cent. Stock at 90, has been
issued to-day. This loan, which is brought forward
by the Imperial Ottoman Bank, is guaranteed by
the Egyptian Government, and is raised "as the
consideration for the purchase of his Highness
Mustapha Pasha's domains in Egypt." The loan
is to be issued in bonds of from £2O to £l,OOO each,
which not only bear 9 per cent, interest, but are
redeemable at par by annual drawings in 14 years
from Oct.,
1868. The subscriptions for the new
bonds are payable over a term extending to the
22d of May next and
, give a return of upwards of
10 per cent. for the money advanced, irrespective
of the advantages derivable from the drawings
and_ the discount on payments in advance at
the rate of 6 per cent., which increases it to some-
thing like 11 per cent. We should observe that
" the Beira of the Viceroy," reported by telegraph
to. be in difficulties, has nothing whatever to do
with the Government, it being, in fact, a mere pri-
bvate agency of the Viceroy ; and though it has
iheell sometimes three or four days backward
r as Payments it has hitherto kept its engage-
nents, whilst the holders of the Government bonds
haved never had to wait one hour for their divi-
e4ds, which have been promptly and conscien-
Luella
la provided for. As the 7 per Cant. Loans are
foorw at about 84, the price offered at 90 per.
a 9 per Cent Stock cannot be deemed unreacent-
sonable.
a tlantic and Great Western Railway Debentures
have risen I, to 20 21 ex div. ; but the Consoli-
datedT Mortgage Bonds have receded i, to 18 19.
,11° New Honduras Loan is firm at i 1 prem.
~ 1U the Foreign and Colonial Produce Markets,
iti3ari -
beeft°
the last few days, the dealings have only
beenee° to a moderate extent. Operations in tea have
postponed until the public sales,
lecenee to-day. which coin-
Sue•ar has been at full values.
_ °lee has been in fair request, and superior de-
15,eriptions sell readily at an advance of Is. per cwt.
11,lee and saltpetre remain at about previous rates ;
while tallow, owing to a better demand for con-
sumption, is a shade dearer.
The report of the Madras Irrigation and Canal
Kressof th
°llll3anY gives a full detailed account of the pro-
e works, and the directors state that the
reonstruction has recommenced, and that the whole
ilsiline of main canal from Soonkasala to Cuddapah,
t miles in length, is now in hand, and although
"e3r cannot add that much progress has been
made since the general meeting in May last,
stag are satisfied as much has been done by their
in that period as under the circumstances
was
Possible, and that continuous efforts will hence-
forth be
made to expedite the completion of the works
included in the supplemental contract. It will be
gratifying to shareholders, as it has been to the
directors, to learn that the conduct of their
present permanent executive staff has been
well reported upon b
whose satisfaction has been expressed in these
words :—" Time does not permit mo to speak
adequately of the satisfactory conduct of the engi-
neers. I can only assure the board that they have
tietaff, of excellent quality and experience, of gen-
required
men
of the who gm ive earnest attention to the duties
."
At the meeting held to-day of the Copiapo Ex-
te •
..t13.011 Railway Company the report stated that
tehoeu.balance at the credit of the profit and loss ae-
of
thelt amounted to £,6,991. Such being the position
Compan—,
hold / it becomes essential that the share-
should consider in what manner their pro-
appear holds
may for the future be dealt with. There
wiz to be three courses open to the company,
on i;:- • To continue the business of the company
present footing. 2. To abandon it altogether,
1..-- 'eand for that
treat;
,01 ng the continuance of the business as hope-
bid r the rails, Purpose disposing to the highest
Perty of h plant, rolling stock, and other pro-
present r„,,,,l7°Pany. 3. The abandonment of the
join on t-", awl the construction of a new line to
0 the . .
pant's plant Copiapo Railway, utilising the com-
b , and rollingben ae this can
e the into ~
first coat-. • stock in the process. If it
°Lion of the shareholders to adopt the
that the his
be done, but they must remem-
due
eeu.‘ ails plant, and rolling stock will in
Lae
nothave to be replaced. The meeting has
concluded.
At a meeting
eattile Id held
ctorsto-day of the Chartered Mer-
,London,
of auk of India and China the report
the dire
directors
on the Was presented. It stated that the
in pres occasion of the first interim meet-
s t prase a half-yearly statement of accounts,
satisfactory
trust the shareholders will consider
upwards 17' showing a profit of £82,502 7s. ld., or
the b, '', °f 20 per cent. er annum on the capital of
that 11K* The
directors, however, regret to state
the w;
~.
esiot„,, aluing_up of the operations of the pre-
-10 s s t 0 vtrife unfavourable. year will entail a further
the an., bank, which will be provided for when
divide annual accounts are made up. An interim
i.id „
June °I 3 per cent. for the half-year to 30th
i h
_e carried as been paid, and a balance of £60,002 7s. Id.
eL forward to this half-year's account.
'aae foil .
Coin nnitt °wing circular has been issued by the
teat ee Of Administration of the Atlantic and
At Ives .
Western Railway :
‘, i,,,
" estnainster Chambers, Victoria-street,
~,ro
„ra,, Westminster, S.W., Nov. 18, 1g67.
, - n0LD,,,,,,„
kxenti -..e OF CERTIFICATES OF DEBENTURE.
of deb emen OF
reference to the certificates
too• ellture '
inform , due on the 15th inst., lam instructed
courts thehat the committee have taken steps
eourts, trust under the control of the English action bq to prevent any hostile or prejudicial
otherwis'e. °reed sale of the collateral securities or
„" With this
'-irised by - view they have instituted a suit, as
t° ensure the tinsel, in order, as far as practicable,
the carrying
t° facilitate e due administration of the trust, and
e°ustraetio- out of the scheme of re-
mitter
„, , tly indicated in the report of the coin-
. 4t In the
Ing the c_° eantinie lam to request that, pend-
Will retainutnpletion of definite arrangements, you
~ 1
and ylour certificates.
eolninittee 4118°instructed to inform you that the
ilwishes ex
ewe under serious consideration the
eheuturoPt,d by many holders of certificates of
_or thec_
securities
.they should be united in the . trust
trusteeZ
andSurities with one or more of the existing
Itiltion,e they will shortly make a further
cemee
Your obe,. ton the subject.—l am, gentlemen,
uient servant,
"11- W. SMITIIERS, Secretary."

Two O'CLOCK.
The Market for the English Funds continues to
Without
t
ex
very little animation, and prices remain
dlealt i
u ranta,t,eir:ail,alteration. Consols for money are
and for the account ex dividend
--ey are 93 93i.
5,)140 New Threes and Reduced Annuities are
Stock' Ex•thequer Bills, 30s to 28s prem. ; Bank
241 246 ; India ditto, 2221 224 ; ditto 5
ificates, 100 ;
Per Cents , 1161- f • ditto 4 per Cents., 100 y; ditto
Cert' • 1
s 104 i ;
Cent Enfaced ditto, 87f ; ditto 5 per
to ditto 5 per Cents., 1091 ; and ditto
Me, 535. prem.
It t:oreign Stocks have been in moderate request.
Spanishall"' 5 per Cents. have improved i, to 45 i ki ;
New 3 per Cents., i to 33
.331 i and