The Sun.
London, England, 1867-09-28 00:00:00

PANAMA RAILROAD.

The steamer from Aspinwall, which arrived at New
York just before the sailing of the Cuba, brought the in-
telligence that a new concession had been granted to this
company. It may be remembered that by the terms of the
original concession the Government of New Granada had
the power of taking possession of the entire line and roll-
ing stock in 1868 on payment of $5,000,000, or in 1878 on
payment of $4,000,000.- By the new terms granted to the
company, the shareholders have the property secured to
them for a further period of 99 years from 1868 on pay-
ment to the Government of $1,000,000 in gold at once
and an annual rental of $250,000 in gold. In considera-
tion of these payments the company aro to have ceded to
them the island of Manzanilla in fee, and they propose to
extend their lino of road about three miles, so as to allow
largo vessels to load and unload at the wharves to be con-
structed. It is estimated that the outlay for these im-
provements will absorb about £300,000 sterling. We are
not yet informed how the necessary amount is to be raised.
The result of the week's operations in American
Securities on the London market shows but little altera-
tion in values generally since our last. The steady
absorption of United States 5-20's on both home and
continental account has continued, prices varying with the
premium on gold reported by telegrams from New York ;
they close at almost the same quotations as this day week.
Illinois Central Shares have been well maintained ; but
Erie, on the heavy fall in Now York, reported by tele-
graph, have given way to 391, to f.

(Front Messrs. Bowles, Brevet, and Co.'s Circular.)
Paris, Sept. 27, 1867.

The market for American securities has been much less
animated during the past week, but prices are well sus-
tained, the de,:line in gold reported from New York having
a favourable influence. We quote the issue of 1862, 82f ;
1865, 801, the closing rates on the 26th inst. Latest ad-
vices fro►n New York are to the 231 Sept. : Gold, 1421;
U.S. Bonds (1862), 114; currency.
The Bente closes at 69 25
The Italian closes at
Exchange on London 25 21

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