The Sun.
London, England, 1867-11-19 00:00:00

LIONEy MARKET

AND

COAMERCIAL Ili TE. lA, IC;EL CR

TWELVE O'CLOCK.There continues to be a moderate inquiry for
aceemmodation in the general discount market, and
bankers and bill brokers are asking rather higher
terms, the rates current for the negociation of first-
class short-dated paper ruling at 11 lf per cent.
Annexed are the latest prices of bullion :----Bar
gold, 77s 9id per oz. standard ; do., Parting, 78s ;
Doubloons, Spanish, 75s 6d to 76s ; do., Mexican
and South American, 73s 9d ; United States
eagles,
763 3d to 76s 4d ; bar silver, 5s to 51d ;
'lO., containing gold (5 grains and upwards), 5s ld ;
dollars
Mexican, 4s 10d to 15-16 d ; cake silver,
sssis:
Tenders for £470,000 New Zealand 6 per Cent.
Debentures will be received to-day by. the Crown
agents for the colonies.
B
meeting of the shareholders of the European
k
Poultry,
has been convened by Mr. Potter, of 31,
rollitry, to be held at the Guildhall Coffee-house, on
the 19th inst. (this day), to take into consideration
the present condition of the affairs of the bank.
sThe prospectus of a new Egyptian Loan for
'2,080,000, in a 9 per Cent. Stock at 90, has been
by the
Ruedto:day. This loan, which is brought forward
Imperial Ottoman Bank, is guaranteed by
the g3Tl)tian Government, and is raised 4gas the
consideration for the purchase of his Highness
Mustapha Pasha's domains in Egypt." The loan
is to be issued in bonds of from £2O to £l,OOO each,
!which not only bear v 9 per cent. interest, but are
edeeraable at par by annual drawings in 14 years
bon
Oct., 1868. The subscriptions for the new
"°nds
of bra payable over a term extending to the
2,2dy next, and give a return of upwards of
10 Per cent. for the money advanced, irrespective
of the advantages derivable from the drawings
.and the discount
t on payments in advance at
he rate of 6
thin per cent., which increases it to some-
" g like 11 per cent. We should observe that
the Daira of the Viceroy," reported by telegraph
with the
t°. be in difficulties, has nothing whatever to do
with
Government, it being, in fact, a mere pri-
vate
agency of the Viceroy ; and though it has
i een sometimes three or four days backward
111 its 134,Yments it has hitherto kept its engage-
,!aelita, whilst the holders of the Government bonds
engage-
-1 never had to wait one hour for their divi-
tdiendn' which have been promptly and conscien-
_ "sly provided for. As the 7 per Cent. Loans are
for
at about 84, the price offered at 90 per cent.
a 9 per Cent Stock cannot be deemed unrea-
sonable.
h Atlantic and Great Western Railway Debentures
ated Mort
ciave rhien I, to 20 21 ex div. ; but the Consoli-
baring the gage Bonds have receded ,to 18 19.
_The New Honduras Loan is firm at
,}1 prem.
d Ia the Foreign and Colonial Produce Markets,
last few days, the dealings have only
,n_en to a moderate extent. Operations in tea have
7en postponed until the public sales, which com-
mcence to-d
-ay- Sugar has been at full values.
s_lee has been in fair request, and superior de-
atitale tallow, owing
OPtions sell readily at an advance of is. per cwt.
dice and saltpetre remain at about previous rates ;
Irnption, is a shade dearer.
to a better demand for con-
e The report of the Madras Irrigation and Canal
r°4ll3any gives a full detailed account of the pro-
gc eaB of the works, and the directors state that the
iionstruction has recommenced and that the whole
..uu miles
inn! of main canal from Soonkasala to Cuddapah,
they in length, is now in hand, and although
"A cannot add that much progress has been
tita'e since the general meeting in May last,.
eY are satisfied as much has been done by their
staffs in that period as under the circumstances
IZr-tilPkossible,
and that continuous efforts will hence
gi:atif -
"e made to expedite the completion of the works
1 -c, tided in the supplemental contract. It will be
atrectorsying to shareholders, as it has been to the
, to learn that the conduct of their
Present permanent executive staff has been
Wellose reported upon by the Chief Engineer,
Words :
'wh satisfaction has been expressed in these
—" Time does not permit me to speak
adequately of the satisfactory conduct of the engi-
neers. I can only assure the board that they have
tal staff, of excellent quality and experience, of gen-
emen who give earnest attention to the duties
required of them."
.e At the meeting held to-day of the Copiapo Ex-
the! 4SiOn Railway Company the report stated that
o balance at the credit of the profit and loss ex-
eototuilt aMOUnted to £6,994. Such being the position
holders e comPany, it becomes essential that the share-
should consider in what manner their pro-
la:ettmay
for the future be dealt with. There
pro-
appear to be three courses open to the company,
on
its To continue the business of the company
biddeand
treatingpresent footing. 2. To abandon it altogether,
leas ; the continuance of the business as hope-
for that purpose disposing to the highest
r the rails, 'Plant, rolling stock, and other pro-
perty of the .
Present road-°°lPany• 3. The abandonment of the
join 0„ ,) and the construction of a new line to
pany,:p7a_th,e Copiapo Railway, utilising the com-
bo the int'', and rolling stock in the process. If it
first comeention of the shareholders to adopt the
be this' can be done, but they must remem-
r that the rails *NI
dim course haveplant,rolling to be replaced. The meeting has
not concluded.
cautile Ba 1-1-g held
At a rneet'n
to-day of the Chartered Mer-
°f the A.-11' of India, London, and China the repor t
directors turectors was presented. It stated that the
int, tors on the occasion of the first interim meet-
Jell they y y statement
..
th Present
a half- earl of accounts,
satiafact`oleY trust the shareholders will consider
1113 ward 17, Shg a profit of £82,502 7s. ld., or
th b Bof 20 perment.per annum on the capital of
viotts
y_ winding_up
them trk.. The • P
directors, however, regret to state
of the operations of the pre-
lose to unfavourable year will entail a further
the
an t'ne bank, which will be provided for when
dividend nal accounts are made up. An interim
dune 4°f 3 per cent. for the half-year to 30th
la carri a, been Paid, and a balance of £60,002 7s. Id.
The ef' forward to this half-year's account.
Cormzit°ll"-ing circular has been issued by the
GreatNyteesetof Administration of the Atlantic and
ern Railway :
" Westminster Chambers, Victoria-street,
IC
TO Tuz Westminster, S.W., Nov. 18, 1867.
( O_4IIOLDERS OF CERTIFICATES OF DEBENTURE.
0f d e'izlr t, e rnen,--With reference to the certificates
to informs re, due on the 15th inst lam instructed
to briurlnvyou that the committee have taken steps
courts 6 "e trust under the control of the English
' and to
ttetint, f prevent any hostile or prejudicial
otherwiaje. forced sale of the collateral securities or
~",With this ,
Z,"7.sed by ,vi they have instituted a suit, as
:" ensure th: Atlnael, iii order, as far as practicable,
,o facnitat_ the Lille
administration of the trust, and
construction carrying
ih " Ia the in stiga.tion.
out of the scheme of re-
Mittee of iulivelnicated in the report of the emu-
tnNetio
the co eantnne lam to request that, pond-
Nvill retain nof definite arrangements, you
~ 1
anl your certificates.
c 0514,4, also instructed to inform you that the
ashes c"ce have under serious consideration the
debentalPreued bY many holders of certificates of
for then_re that they should be united in the trust
trqstee:sje BeeUritieS with one or more of the existing
annoone and they will shortl make a further
your
obedient inent on the sub'ect y I am, gentlemen,
servant, _
" H. Iv . S3IITIIERS, Secretary."

Two O'CLOCK.
The Ai
410_, . . arket for the English Funds continues to.
11010,dt very
little animation, and prices remain
11 material alteration. Consols for money are
dealt in r,
the at 041 i, and for tho account ex dividend
y are 93 9311..
92T h' Neu' Threes and Reduced Annuities are
Stock' Exchequer Bills, 30s to 28s prem. ; Bank
241 246 ; India ditto, 2221 224 ; ditto 5
Peet' Cetus., 116 i / ; ditto 4 per Cents., 1001'; ditto
Cents,
100 ; Enfaced ditto, 871 ; ditto 5 per
1,"t8.) 104/ ; ditto 5 per Cents., 10911 ; and ditto
4-1011da, 535. prem.
ItAllan. 5 Foreign Stocks have been in moderate request.
s 1344ish 11-elv per Cents. have improved i, to 45i i ;
3 per Cents., 1 to 33 33-1 ,and