The Sun.
London, England, 1867-10-04 00:00:00

MONEY MARKET

AND
0074.1TEROIAL IN TELLIG-r,;7",:_ya,

TWELVE O'CLOCK.
There is still an extreme degree of quietude in

monetary and commercial circles, and scarcely any
change can be reported in the general discount
-1 market. The amount of capital on offer continues
abundant, and the rates for first-class short-dated
paper continue as low as Ito 1 per cent.
The report of the committee of inquiry of the
Atlantic and Great Western Railway Company has
been issued, preparatory to the meeting of share-
holders called for the 22d inst.
Atlantic and Great Western Railway Debentures
have declined 1, to 25i 26i, and the Consolidated
Mortgage Mortgage Bonds, to 22 23.
A sum of gold amounting to £36,000 was taken
to the Bank of England yesterday.
In the ,Foreign and Colonial Produce Markets
during the last few days there has been rather more
animation, and in several instances prices have
shown an upward tendency, particularly for sugar,
coffee, rice, and tallow. In fruit and drugs, how-
ever, there have been no changes of importance.
With reference to the Wilmington and Man-
chester. Railroad Company's proposition to take
Cotton Loan Bonds of the late Confederate States
of America in part payment of the subscriptions
now being invited for an issue of their mortgage
bonds, the committee of the Cotton Loan bond-
holders at their meeting, held on the 2d instant,
Admiral Sir P. Wallis in the chair, unani-
mously resolved, " That the proposition of the
Wilmington and Manchester Railroad Company is
one which on principle deserves the favourable
consideration of the bondholders, as it appears to
the committee that the offer is not only bona fide,
but that the proposition is made for good reasons,
Which, while beneficial to the railway, will be
equally so to the bondholders, and if favourably
acted on may be the initiative of important ulti-
mate results."
The report of the committee of investigation of
the Atlantic and Great Western Railway was
issued yesterday. The committee is composed as
follows, viz. :—Chairman, Colonel Sir W. Russell,
Bart., C. 8., M.P. ; Mr. Crawshay Bailey, M.P. ;
Mr- Thomas Cave, M.P., Mr. John Fildes, M.P.,
and Mr. F. W. Oewel, of Amsterdam. The com-
mittee go at great length into the position of the
undertaking, dealing successively with the condi-
tion of the line, the appointment of a receiver, his
powers and duties, a description of the company's
property, leases and connections, as well as traffic
working
expenses, and the various classes of capital.
The committee conclude by putting forward a plan
of reconstruction, to which they hope that " the
assent of all interested will not be wanting." In
order to
give ample time for the consideration of
the details of this report, the committee propose
that the general meeting of those interested in the
undertaking should not be held till Tuesday, the
22d October, for which day it will be convened at
the City Terminus Hotel, Cannon-street.
The suspension of Messrs. Peter-Buchanan and
Co., of Glasgow, is at length authoritatively an-
nounced.
The return of the Bank of France this week shows
a further reduction of £1,016,000 in the stock of
bullion, making a total reduction of £1,624,000
Within a fortnight. At the same time there has
been an increase of £2,120,000 in the bills dis-
counted. The large operations in grain constitute
most probably the explanation of both these move-
ments.
The Mexican dollars brought by the West India
packet (about £220,000) have been disposed of at
59d. per oz., showing an advance of id. upon the
rate realised for the last arrival'.
The following is the return of paid clearing for
the week ending Oct. 2, 1867 :
Thursday, Sept. 26th .. £8,357,000
Friday, 27th
Saturday, 28th
Monday, 3041
Tuesday, Oct. Ist
'Wednesday, 2d

£65,471,000
GEo. DERBYSHIRE, Chief Inspector.
The return from the Bank of England for the
week ending the 2d Oct. gives the following re-
sults when compared with the previous week :
Rest £3,671,120 Decrease £9,563
Public deposits 7,527,495 ... Decrease 833,657
Other deposits 18,429,819 Decrease 489,461
On the other side of the account :
Government securities £12,894,872 Decrease £lOO
Other securities 17,252,746 .., Increase 131,052
Notes unemployed 13,619,550 Decrease 1,210,203
The amount of notes in circulation is £24,877,015,
being an increase of £1,468,910 ; and the stock of
bullion in both departments is £24,494,115, showing
an increase of £46,272 when compared with the
preceding return. The amount of bullion sent in
during the week was £413,000, but the total on the
present occasion was not expected to show any
large increase, heavy amounts of coin being usually
absorbed iu connexion with Government and other
Payments at the end of the quarter.
Subjoined is a comparison of the present position
of the Bank of England and the price of Consols
with the corresponding week of last year :
Same week
last year.
... £16,879,137
7,543,537

At present.
Bank bullion ...•£24,494,115 .
Notes in reserTa... 14,617,100 Notes in circulation
24,877,015 ...
Rate of disaount 2 per cent.
•••
Prieo of Consols
•.•

••• 24,335,630
• 41- per cont.
• 899

Two O'CLOCK.
Business in the market for the English Funds has
remained very quiet, although prices show indications
of improvement. Consols for money and the Bth
inst. are at 941 1, and for November settlement
they are quoted 941 1.
The New Threes are 921 ; Reduced Annuities,
924 ; New 21 per Cents., 761; Exchequer Bills,
28s. prem. ; India 5 per Cents., 1141 1 ; and ditto
Bonds, 655. prem.
In the Foreign Stock Market very little business
has been negotiated, and prices are a shade flatter.
Italian have declined -a, 45i I. Greek have ad-
vanced I, to 134 14 ; Mexican 4, to 15 154 ; while
Passive remain firm at 18119- ; Certificates at 161
161 ; and Turkish 311 311.
There has been a limited inquiry for American
Securities, and prices are not quite so firm. United
States 5-20 Bonds have declined 1, to 714; Erie
Shares 1, to 40/ 41; and Illinois remain steady at
764 77.

In the Railway Share Market business has re-
mained very quiet, and in several instances a further
slight decline has taken place. Metropolitan has
receded k ; Great Northern, Great Western, and
Brighton each ; Great Eastern /, and Midland f ;
while North Western have advanced 4.
The Foreign and Colonial lines are in some cases
a shade firmer, South Austrian and Lombardo-
Venetian being marked 141 ; Great Western of
Canada, 161 ; East Indian, 1101 110! ; and Great
Indian Peninsula, 106 f.
Bank shares remained very "quiet. London and
Westminster remain at 68 69 ; London Joint Stock
have declined to 38} ; Bank of Australasia remain
at 66.
Miscellaneous and Finance Shares are flat.
lludson's Bay Company are dealt in at 14/ ;
Atlantic Telegraph 8 per Cents., at 721 ; Anglo-
American Telegraph at ITh Peninsular and Oriental Steam at 50 ; and Viceroy of Egypt's
Mortgage Loan at 711 :.1-•