The Sun.
London, England, 1867-10-24 00:00:00

XONEY ITIARKET

AND

COMMERCIAL INTELLIOEN ON,

TWELVE O'CLOCK.

At the weekly court of directors of the Bank of
England no alteration was announced in the mini-
mum rate of discount, which still remains at 2 per
Cent.

In the general discount market there continues
to be
very moderate inquiry, and first-class short-
dated
Paper can be readily negotiated at 1 per
Cent.

Again there were no gold operations of import-
ance at the Bank of England to-day. 'The Im-
-I,6ratriee Eug('-mie has arrived at St. Nazaire, from
the West Indies, with specie amounting to .£54,720 ;
and the Saxonia at Southampton, from New York,
with £2,010 for England, £37,219 for France, and
£OlO for llamburgh.
With regard to the Royal Bank of Liverpool a
Meeting of creditors took place yesterday, after
which a circular was issued calling two meetings of
shareholders, one to take place on the 7th Novem-
ber) for the purpose of obtaining their assent to
registration as a limited company, with a view to
the Winding up under the Act of 1862 ; the other to
Meet on the 11th November, to pass a resolution
that the company 'continue its business, and that
it is advisable not to wind up the affairs.
The failure of Messrs. Braybrook and Slater,
Manufacturers, of Blackburn, has been announced.
The liabilities are small, not exceeding £26,000.
A meeting of the Port Phillip and Colonial Gold
Mining Company will take place on the 30th
instant, when the following resolutions will be pro-
Pesed " That a further distribution of one
shilling per share on account of the profit be made by
the company
during the current year, and that the
Bartle be payable, free of income tax, on the Ist
November next. Also, that the directors be
authorised henceforth to make and declare such
distribution on account of dividends, between the
Ordinary general meetings of shareholders, as they
may deem advisable, out of the current profits of
the year in hand, without the sanction of an extra-
ordinary general meeting. The finances show a
silrllins, after discharging every liability in England,
of £8,797 ; the present dividend will absorb £4,875 ;
and, after deducting 10 per cent. for the Reserve
fund (£487), will leave a balance of £3,435 to be
carried forward."
A report of the Land Mortgage Bank of India
as been issued preparatory to the meeting to be
held, on the 31st inst. In the Bengal and Madras
4:residencies nothing has occurred worthy of remark,
and the business of the bank is as heretofore satis-
f aetnry. The continued commercial depression at
. enthay has prevented any material improvement
ththe value of some of the properties mortgaged to
e bank, and delayed their realisation. To protect
their interests and obviate delay, the directors, in
'NIaY last deemed it essential that a member of the
board
should proceed at once to Bombay, and Mr.
°Yaon, whose long experience in India rendered
inf especially fitted to undertake this responsible
mission left England in June for that Presidency.
e will subsequently visit Calcutta and Madras.
'Pon his arrival ,at Bombay in the following
Month, he at once proceeded to institute a most
minute inquiry into the state of properties mort-
gaged to the bank, and in reference to the general
inanagement to take such steps as appeared to him
lender the circumstances to be necessary. The re-
Ports which he has forwarded to this country, while
enflaming, at present valuations, the original esti-
mate of loss, convey much information that is very
reassuring as to the general position of the bank's
affairs at Kurrachee and Bombay ; but in view of
a continuance of the present disturbance of confi-
dence in that presidency, the board propose to
adopt Mr. Boyson's recommendation that provision
he made for a further possible depreciation of
£20,000.

The board avail themselves of this opportunity of
stating that the only liabilities of the Bank are its
debentures, and that there is no intention to Make
a call upon the shareholders. The secured income
of the company for the present year, after provid-
ing for debenture interest and sinking funds, and
charges of every description, and after setting aside
a further sum to augment the reserve fund, enables
the directors now to recommend an interim pay-
Irterit on account of dividend at the rate of 4 per cent.
r annum upon the paid-up capital of the bank,
bo be payable on and after the 14th proximo, free of
illeerne tax.i,
t 0 this
last week's railway receipts, ascertained up
this day, are in round figures as under :-
1867. 1866.
Great
IWveesstteerrua 79 711 76,833
i:ll.ortt,
..e
:125,878 122,490
ligthatloyiestern 28,816 27,262
26,467 24,051
rioludtihttild "
... 58,346 56,078
LaEaste;n" 30,261 26,795
Northern
I3ti6etashire and Yorkshire,,. 45,737 41,915
of an,l ... 45,120 43,608
ZtilarthExeter... 7,553 7,034
, astern 75,365 74,131
Lhester, Sheffield, and Lincol▪ n
... 21,110 21,093
Brit
... 39,834 38,731
lioria, Chatham and Doer ... 13,341 10,974
dial politan„ ish4l7:6ll4(ig•
27,222 27,368
::* 4,367 3,951
U 14444 and Great Western of Ireland ... 6,150 5,44-
,'"c",' and South Western ... 11,603 11,034
ec:lese returns, when compared with those of the
inatis:4P°llding period of last year, are, in most
qre-a"tees) of a very favourable character. On the
the xr Western there is an increase of £2,878 ;
ter,'"°rth-Western, of £3,388 ; the South-Wes-
of £1,554 ; the Brighton, of £2,416 ; the
16 ; the
X 3,46
£2,268 ; the South-Eastern, of
; the Great Northern, of £3,792 ; the
ntilleashire and Yorkshire, of £1,512 ; the Bristol
xi 2 xeter, of £519 ; the North-Eastern, of
tl,7' 34 ; the Manchester, Sheffield, and Lincoln, of
'
dot ; the Great Eastern, of £1,103 ; the Lon-
Chatham,
and Dover, of £2,367 ; while the
Q.rNth British exhibits a decrease of £146
rem Atl.arit
h; and Great Western Railway Debentures
gage
ale firm at 2 27, and the Consolidated Mort-
13°Ilds have advanced .3-, to 21 22.

Two o'CLocK.
Iterates to Reuter's telegram to-day the French
-'es tvere 68e. 37f.. Firm ; rather agitated.
tn„ the meeting held to-day of the Oriental Bank
i.Poration a dividend of £1 10s. per share was
alle:tutiarecil being at the rate of 12 per cent, per
tio4nlich confidence being attached to the informa-
to tilteeeivecl within the last two days with regard
to h e Italian question, speculation would appear
have somewhat turned from a " Bear" into a
(4-,111111
creased account. Purchases for lime having in-
clnot,f;' th 6 Jobbers as usual are putting up the
oa thTcn, and there is consequently a rise already
h4""i beetars business of 3-16 per cent. Business
Prices,B°lunvehat delayed by the late arrival of
Ui f'ronl the Paris Bourse. Consols are now
The 111°neY, and for the account.
921 a ,;.`evi Threes and Reduced Annuities are
41-uank Stock 24-Bf, Indian ditto 221, ditto 5
1)1‘ Cent
fked 4.111 131, ditto 4 per Cents. 103 , En-
cifhitt°,,!3Bi, and ditto Bonds 62s to 67s prem.
ovti. tnreign, department there is still an im-
ha"' ing endency. Italian are firm at 15 *, Greek
154,1-ilLClVaneed to 12i f, Mexican fto 15,
CentCertiacates * to 16* I, and Turkish 5 per
4t 19%1 to 32 I. Spanish Pasive are unchanged
1
to 78
_rnellean Securities Illinois have advanced;,}
1; brat 9 ; United States 5-20 Bonds 1-16th to 69
I.f Erie shares are per cent. lower, at 45 46.
til.pair amount of business has been transacted in
has t,tlwaY Share Market, and a further advance
chest, place in prices. Brighton, and Man-
t`;d I\er' Shefeld, and Lincoln, have each improved
,at.r°4ll Eastern, ; Great Western and North
ti a,„ ern) each I ; South Eastern, ; and Caledo-
, and Midland, each 1.
myterl,rei
and Colonial lines remain without any
14, variation. South Austrian and Lombardo-
ttt Betian are dealt in at 141 ; Great Luxembourg,
11,11 ; East Indian, at 110 f ; and Great Indian
13:8111a) 1
•07i
Alliance 4.
tik
Shares are in a few instances a shade firmer.
44, have improved to 12i 13i ; Chartered
c44tilg L a chins, to 27i
a) 011 911,