The Sun.
London, England, 1867-10-22 00:00:00

110.NEY iIiARKET

AND
COMMERCIAL INTELLIGENCE,

TWELVE O'CLOCK.

The suspension has been announced of the Royal
Bank of Liverpool. The liabilities are not positively
stated, but arc estimated at nearly £4,000,000.
The assets are said to Le good. The agents in Lou-
don are the London and Westminster, who are un-
derstood to be fully covered. The difficulties are
stated to have arisen from the refusal of the Lon-
don Banks to negotiate bills representing shipping
Securities, which were not approved. This bank
was established in 1863, and according to the
Banking Ainianack, edited by D. Morier Evans,
the number of partners at the date of his edition
was 762. The I aid up capital was £302,323, the
reserve fund £lOl,OOO, paid up per share £lO, and
rate of dividend 10 per cent.
No movement of interest occurred yesterday at
the Bullion Office of the Bank of England.
The Havre steamer America, from New York,
has brought £40,811 in specie for England, £10,246
for France, and £4OO for Hamburg.
The Bank of Rolland has raised its rate of dis-
count from 21 to 3 per cent.
An interim is announced by the Don Pedro North
Del Rey Mining Company of 3s. per share for the
three months, ending the 30th September ; the cash
at the bankers, it is stated, is not sufficient to pay
this amount, but, there is still a balance which will
enable the directors to declare a like sum for the
next quarter. This distribution is at the rate of
85 per cent.

At the meeting held to-day of the Recife and San
Francisco and Pernambuco Railway Company the
directors' report was presented. It states that
although there has been a falling off in the traffic,
the past year, ending 30th June, differs but very
little from that of the previous corresponding twelve
months, the receipts and expenditure being as fol-
lows:—For the years ending 30th June, 1866,
£60,757 ; 1867, £60,481; the expenses being, 1866,
£517383 ; 1867, £52,124. With respect to
finance, the shareholders are aware that,
°wing to the unexampled state of the money
market, the directors were compelled to make
known to them and to the holders of the com-
pany's debentures the inability of the company to
meet such of those obligations as fell due on the
31st July last, amounting to £125,200. They have
now the satisfaction of stating that they have since
been able, either by renewal or payment, to meet
not only the whole of the above, but also other of
the company's debentures as have since fallen due
to the amount of £24,700. To accomplish this,
however, they have been compelled to anticipate
revenue. The revenue account shows a balance of
£18,726, which will allow of an interim dividend at
the rate of 3 per cent. per annum, the time of pay-
ment of which will depend on the re-issue of the
debentures already redeemed.
At the meeting held to-day of the San Paulo
(Brazilian) Railway Company the report of the
directors for the half-year, ended 30th of June last,
Stated that the working of the company's line since
the opening had been exceedingly satisfactory. The
receipts for the four-and-a-half months from all
sources of traffic were £45,478, while the working
expenses amounted only to £11,216, leaving
£31,262, from which, however, has to be de-
ducted about £lO,OOO, being additional rates
charged to meet the contractor's claim for
accelerating the opening of the line, reducing the
net receipts to £24,262. This sum, together with
that paid by the Government on account of the
guarantee, pending the final settlement of the ac-
counts at the end of the present half-year, enables
the directors to pay a dividend at the rate of 7 per
cent. With regard to the outstanding interim war-
rants the amount has been reduced since the 30th
June to about £50,000, which sum, it is hoped, will
be paid in course of the next few mouths.
In the Foreign and Colonial Produce Markets
during the last few days there has not been much
animation. Only moderate transactions have been
entered into in sugar, at about previous rates ; tea
has been neglected, while in coffee a fair business
has been entered into in colonial descriptions, supe-
rior qualities of which have brought full values.
Rice has been a shade cheaper, while in cotton and
tallow the operations have been to a fair extent, and
prices have been fully maintained.
Atlantic and Great Western Railway Debentures
have advanced , to 25 26 ; and the Consolidated
Alortgage Bonds to 20 21.

Two o'CLoca.

According to Reuter's telegram this morning,
the French Rentes were 68f. 501. Great agitation.
The Money Market to-day has continued to pre-
sent a very quiet appearance, and the rates exhibit
Ile variation. The recovery in the market for
I:nglish Funds continue, and Consols have ad-
:anced k per sent., viz., to 94 1 for money and the
-c
.ceunt. Higher prices from Paris and the possi-
ty of
an amicable settlement of the Roman
pestion,
are influencing spectators, who appear to
Purchasing
house foreign freely. In the neighbourhood of the
politics are almost the only topic of
Conversation.
The Union Steamship Company held their an-
'Leal meeting to-day, at which the report and
accounts for the year ending 31st August, were
sithalitted. It was stated that the mercantile ope-
rations of -r
the company had been generally success-
colsthe ships on the intercolonial stations having
11
ngntributed considerably to the receipts on the main
ne between England and the Cape of Good Hope.
21 c New Threes are 921 4 ; Reduced Annuities
1; Annuities, 1885, 124 ; Exchequer Bills,
""`lB. to 30s. prem. ; Bank Stock, 250 ; India 5 per
e
ells., 114 131 ! ; do. 4 per Cents., 100/ 99/ ; 5
r Cent. Rupee Debentures, 1877, 1001; and do.
°Ttids, 638. to 675. prem.
e 1 j'n the Foreign department there has been less
netitereOut, and the variations have been unimport-
Italian
have advanced 1, to 45/ ; Greek /,
.Ihal2i- 13 ; Turkish 5 per Cents., /, to 311 ;
it.' Spanish Passive, k, to 19 ; while Mexican
,save receded 1., to 14; 15 ; and Spanish Certificates
are unchanged at 16 1.
14- firmer tone has prevailed in the Railway Share
r,,ar,ket, most of the principal lines showing a
4-4'41 recovery from the late depression. Cale-
q().ll,,jaa have improved 3; Great Western, Brighton,
,lust d, and South Eastern, each ; North
et!tern and Manchester, Sheffield, and Lincoln,
"e" 1, and Great Eastern j.
O2lneriean Securities are improved. United States
,0 Rends have advanced I, to 69k 1; Erie shares
..!e 45 46 ; and Illinois I, to 77! 781.
he."' th° Foreign and Colonial lines there has not
blr, Inuch variation. South Austrian and Lom-
o liculhourg, to 8 1 ;
Lti"ol7enetian have improved to 141 ; Great
t Bahia and San Francisco,
100, ; Bombay and Baroda remain steady, at
led! ; East Indian, at 110 1101 ; and Great
t'au Peninsula, at 1071.
fh.:ek Shares are in several instances a shade
pro er• London Chartered of Australia have im-
ts ved to 244 ; London and County are firm, at
I,o4;priental Bank Corporation, at 45 1 ; and
Atell and Westminster, at 701 71.
ext,l'eellaneous and Finance Shares have boon
ticelieldingly inactive. National Discount Company
ever h 4 to 11 ; Credit Fonder of England, how-
ave improved to 2 13-16 24. ; General Steam
1110 vigati°n, to 271 ; and Viceroy of Egypt's
10. a, Loan, to 7li 72.