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

MONEY MARKET

A ND

COMMERCIAL ENTZT,Ifig,EI":4OE,

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
market. The amount of capital on offer continues
abundant, and the rates for first-class short-dated
paper continue as low as 1 to lf 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 25} 26k, 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 LForeign 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
Friday, 27th
Saturday, 28th
Monday, 30th 10,196,000
Tuesday, Oct. Ist
Wednesday, 2d 8,426,000

£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 £4OO
Other securities 17,252,746 .., Increase 131,052
Notes unemployed 13,619,550 ... Decrease 1,210,205
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
ofthe Bank of England and the price of Consols
with the corresponding week of last year :

At present. Same week
Baotes nk bu 4
llion last year.
N ~. ... 4494,115 ... X 16,879,137
in reserve...
... 14,617,100 ... 7,543,537
Notes in circulation ... 24,877,015 ... 24,335,630
Rate of discount 2 per cent. ... 4}- per cent.
r rieo of Oonsols ••• 94} ••• 89}
•••

Two o'CLocs.
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 f.
The New Threes are 921 ; Reduced Annuities,
921 ; New 2f per Cents., 761 ; Exchequer Bills,
28s. prem. ; India 5 per Cents., 1141 ; 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 1, 451 f. Greek have ad-
l'anced f, to 131 14 ; Mexican f, to 15 15i ; while
Passive remain firm at 181 191 ; 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 711; Erie
Shares f, to 401 41; and Illinois remain steady at
74 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
Beceded 1; Great Northern, Great Western, and
Brighton each 1 ; Great Eastern 1, and Midland 1 ;
while North Western have advanced 1.
The Foreign and Colonial lines are in some cases
a shade firmer, South Austrian and Lombardo-
Venetian being marked 141 ; Great Western of Canada, 16f ; East Indian, 1101 110/ ; and Great
Indian Peninsula, 106 I.
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.
AtlanticAnaer 1 ;
Telegraph 8 per Cents., at 72i ; Anglo-
an Orie Telegraph. at 17/ ; Peninsular and
ntal Steam at 50; and Viceroy of Egypt's
Mortgage Loan at 71-1 Z.

MINING MARKET.
FRIDAY AFTERNOON. In the market a fair demand has prevailed for
G2enville, Marke Valley, South Frances, Prince of
W I
a-eg, Great Laze y,
Great Vor. Annexed are
Borne of the closing quotations Borne
Moor ...... 61 sii
°fro traal es Gold ...... 41-
Amalgamate 7 71
-East Basset„ 165 174
East Caradon ...... st
Ea5t................. 11 11
Cj-East Wheal Grenville 2 2f
rreat Laxey .... 1.8 19
eat
.... 4 41
Great Wheal Vor ....
18
Ilarlre Vall . ••• 6 North Croft! ............. .... 44

North Treskerby 308 32s 6d
Prince of Wales 52s 6d 55s Od
Providence Mines ... 29 30
South Caradon 390 400
South Frances
Tincroft l3 14
West Chiverton 63 65
Wheal Basset BO 85
Wheal Buller
\Vheal Chiverton 6 7
Wheal Grenville 298 31s Od
Wheal Beton 1027 105