The Sun.
London, England, 1867-10-31 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCZ,

TWELVE O'CLOCK.
At the weekly Court of the directors of the Bank
of England this morning no alteration was an-
nounced in the minimum rate of discount, which still
reltains at 2 per cent. In the general discount
market the preparations for the commercial pay-
ments due on the 4th proximo has caused rather
more demand, but the amount of available capital
being abundant there is no change to report in the
rates current.

At the bullion office of the Bank yeJerday there
Were no transactions of importance.
A pro -forma meeting of the Grand Trunk Rail-
*way Company of Canada was held to-day, when
the report of the directors was submitted. The
available net balance amounts to £114,082 for the
half-year, but from this amount there has to be
deducted loss on American currency and the sum
due to holders of postal and military bonds, leaving
the balance of £74,702. As against this sum there
I" been raid out, or is payable for interest, leases,
"e., 192,379, which finally leaves a debit balance
against the half-year's net revenue of £17,677. The
total loss sustained by the company from 1862 to
80th June last in American currency amounts to
no less a sum than £311,938, and the directors
cannot refrain from again referring to this most
Serious but inevitable and unforeseen loss as the
real origin of most of the recent difficulties of the
Company.
At the meeting held to-day of the West Flanders
Railways, the directors presented their report, and
the report of the Directcur Gerant, together with
the accounts for the past half year. The latter
allows that, after providing for the fixed charges,
there remains a balance of £7,514 Os. 3d., out of
which the directors (propose to pay a dividend of
five shillings per share (being an increase of three-
ten o Per share as compared with the previous
alf Year and sixpence on the half year
Preceding that), payable as usual on. and
!liter 15th Nov. next, and to carry forward a ba-
lance of £824 15s. 3d. According to the report of
13Iessrs. Hutt and Browne there were extant, in
864, 143 shares in excess of the statutable num-
ber;, 45 of these have been purchased during the last
half year, as shown by the accounts, making 123
With those previously cancelled. In accordance with
L?e intention expressed at the general meeting in
1866, the directors have since that time con-
?acted the business of the company with four direc-
tors only ; but in consequence of the inconvenience
areeulting from this (three being necessary to form
board) they have deemed it desirable to revert to
to their previous number, five, and have conse-
quently, in accordance with Article 22 of the Sta-
tutes,l, nominated Mr. Thomas Robert Tufnell as a
director of the company, which requires the confir-
mation of the present meeting. A resolution will
the submitted to the proprietors, giving authority to
tne directors, whenever the dividend for the half-
Year shall reach ss. per share, to invest in a con-
zingeney fund a sum not exceeding £5OO ; this
vestment to remain the property of the original
shareholders, and to cease as soon as the reserve
fund prescribed by the statutes shall come into
operation.
It has been announced that petitions for winding
111) the Royal Bank of Liverpool will be held by
vloe-Chancellor Malins on the Bth of November.
Atlantic and Great Western Railway Debentures
have declined 1, to 251 26, and the Consolidated
kortgage Bonds I, to 201 21.
The Blackwall has arrived from Australia with
gold amounting to nearly £200,000 ; the Nyanza,
from Alexandria, has brought only £250.
Air. Edward Addis, of the firm of Addis and
Ilarris, accountants, has been appointed official
liquidator of Samuel Bastow and Co. (Limited).

The last week's railway receipts, ascertained up
`° this day, are in round figures as under :-
Great
** 1867. 1866.
North Western
. ... 75,529 73,009
'North Western -124,478 119,481
11outiovestorn *** 24,742 23,988 ldrighton •••
•••
. ... 25,822 23,401
idland *** *-
57,403 54,229
..outh Easte*" *" *** 28,592 24,382
trent Northerrnn *:: ... 44,882 40,899
iftzleashire and Yorkshire... 43,960 42,411
and Exeter...
7;,113623
7.62,t3A
th Eastern .;.30.1iehztsetreheffiel*(1- and :.4 21,607 21,246
'Nat 40,305 88,808
11:r°'1, Chatham, And Door 12, ::.• 345 10,064
Q._ 4,273 4,012
at Southern and Western of Ireland... 12613 11,637
(ilt141" and Groat Western of Ireland 5,796
4govi? and South Western 11,583 11353
These returns, when compared with those of the
sl;strefsP°nding period of last year, show some very
t4ht„-actory results and exhibit an improvement in
Ithi,eagteenrueral trade of the country. On the Great
there is an increase of £2,520 ; on
tee Igerth-Western, of £4,997 ; the South-Wes-
tilnd; a £.754 ; the Brighton, of £2,421 ; the
£41;111,11d) of £3,174 ; the South-Eastern, of
; the Great Northern, of £3,983 ; the
4tilleashire and Yorkshire, of £1,549 ; the Bristol
R,Eleter, of £298 ; the North-Eastern, of
k36),7u the Manchester, Sheffield, and Lincoln, of
LO ; the Great Eastern, of £1,497 ; and on the
iis'On, Chatham, and Dover, of £.2,281.
Col„4l,eeting has been held of the Port Phillip and
14erPobsed for making
1)1.0'41 Gold Mining Company. The resolution
a further distribution of Is.
ableEl,,'ltre) on account of the tenth dividend, pay-
ktobill: the Ist proximo, was carried, and also a
cliztr"h"`°ll ernpowering the directors to make further
haildi'llti°ns when they have sufficient funds in
Nii,ic)ilt of realised profits, without the formality of
11041'4 all extraordinary general meeting of share-
digriebra to confirm the same. After payment of the
X 1,881144311 declared it leaves £3,435 as against
tlistriC carried forward on declaration of previous
untiort.

Two o'CLocc
ka4l(l,6eline of per cent. has taken place in the
heciLie: for Consols, which are now 941 for money
het a„" 7th November, and 944 for the Dece
114-'m-
echnt. It has been stated that the Italians
been crossed
,the frontier, but as this news
a has
to beeontradieted, truthfully or otherwise,
remains
dues n, the effect has been of limited import-
Ita Nevertheless the funds are flatter, and also
1,411 Securities.
411iti l‘ievf Threes were 924 4 2/ ; An-
Redu*ced
223..e5• 924; Bank Stock, 247 246 ; India ditto,
heci) ditto 5
per Cents., 1144 14 13/ ; ditto En-
A 'l°ll Bonds, 60s. to 645. prem.
vex.
.1 ditto
the p limited business has been transacted in
of 1. limited
department. Italian show a decline.
)4444 Thrkish 5 per cents., the prices being
°lttn;',..l4ll(l 34 respectfully. Greek are u.nh
Niereu at 124 ; Mexican at 144 154 ; and Spanish
pantedv at 18} 19
; but the Certificates have a
)3 to 164 I.
1441414,,i11eas in the Railway Share Mark
-.
f4l,th`4 very inactive, and prices generalelty has
shirbeit
er decline. Metropolitan have receded 14 ;
oti-th`e,nt North-Western, and Midland, each
.v.lastern, ; and Caledonian and London,
Thoaes, and Dover, each 1.
41'41i4t-inP°reign and Colonial lines exhibit a
Tlittle_
'44 a South Austrian and Lombardo-N enet
4; (Ire dealt
at 144 ; Great Luxembourg, a
lEit Treat Western of Canada are steady 164.4 ;
4141A1,,licliftn, at 1104 ; and Great Indian renin-
-4k4:1-.e iuiproved to 1081 1-•
'Snit eistean Securities generally are improved.
.:.rieeSd States 5-20 Bonds are 1 better, at 694 704 ;
lihntares at 46/ 474 ; and Illinois 4, at 80 81.
t'jqliat Sharea remain very quiet. London and
1 -"Ill to 4
A 1
Y'
have ihiproved to 541 55 ; and Union of
l'°11(1011 ; Chartered Mercantile of India,
'Veht 2 and China are marked 27/ ; London and
Are nnuster 71, , • ,
Ilea, 114 , and Standard of British South
, •
ill4.llBtipeel'a'ne4°lll3 and Finance Shares remain very. garcii etvith scarcely any change to report as re-
-1,7i PrnieeB. A.nglo-Arnerican Telegraph are at
`'e
ncir 'redit Ponci land at 24 4, Rio
ao er of En g
'44 „tort n 4,4 ©Dements at 194, and Viceroy of
Loan at 72/.
A ro

AIINING MARKET.
-ere b„" THuRSDAT, Two P.ll.
3 been a fair demand to-day for Gren-