The Sun.
London, England, 1867-12-05 00:00:00

MONEY MARKET

AND

fIOMAIERCIAL INTELLIGENCE,

TWELVE O'CLOCK.
Quietude prevails in the general discount market
now that the payments of. the fourth of the month
have been completed. The rates current, however,
remain steady at 1j 1/ per cent. with exceptional
transactions at the former quotation.
The Hammonia from New York has brought
£2,330 in specie for England, and £13,240 for
France.
The Royal Mail steamer Shannon, from the
Brazils, has arrived, and brings afortnight's later
news from the River Plate and the seat of war i❑
Paraguay. Our papers and letters received by this
packet state that no alteration whatever had
taken place at the seat of war, nor had there
been an encounter between the Allies and the Para-
guayans, in which the latter lost 1,200 men, as re-
ported by the telegram published a few days ago.
The particulars of the two fights, of which the news
was brought by the French packet a fort-
night since, and which the Allies claimed as a vic-
tory, turns out to have been a regular defeat,
and over 3,000 Brazilians were killed. An expedi-
tion was talked of to go to Tayi, and from thence
to march to Asuncion, but it was very much
doubted if the Allies could spare so much of their
force, being exposed to the daily attacks of the
Paraguayans. The Allied fleet remained still en-
closed between Humaita and Curupaity, and it is
admitted that they are unable to force the
pass of Humaita, and that the only means to carry
on the ;Nat- was by land. Cholera had greatly di-
minished in the camp, but it was feared would re-
appear with the warm weather just setting in. The
revolution in the interior provinces of the Confede-
ration was still alive, and trade was paralysed.
A revolution, it was said, had also broken
out in Uruguay, which, it was feared,
would spread rapidly over the country, as
the people are very much dissatisfied with the Go-
vernment of Flores and the dictatorship of Brazil
At Buenos Ayres great frauds had been detected in
the Custom-house, and it was currently reported
that the Government had threatened to arrest
several of the leading merchants of that city.
The new crop of wool had commenced arriving at
the market, but it was in very bad condition, and
prices ruled very low. Money was very easy, and
bank rates were from 6to 9 per cent. National
Bonds had again declined to 52f, but with very little
doing, as the public was afraid to deal in native
securities, with the uncertainty of the war still be-

fore them.
A meeting of the China Steamship and Labuau
Coal Company (Limited) will be held this afternoon
to consider the present position of the company,
and determine what shall be done to protect the
interests of the shareholders.

Au extraordinary general meeting of the Nation

Provincial Marine Insurance Company (Limited)
is convened for the 18th inst., when a resolution
will, he proposed iu favour of the undertaking being
wound up voluntarily under the supervision of the
Court of Chancery.
The creditors of Mr. John Baynes, of Black-
burn, whose estate shows a `satisfactory surplus,
have agreed that he shall carry on business and
again present them a statement at the end of the
next six months. The liabilities reach about
£BO,OOO, while the assets are expected to show a
surplus of at least £B,OOO.

The directors of the St. John d'el Rey Mining
Company (Limited) have received, per the
Shannon, the following report, dated Morro Velho,
29th October, 1867 :—Produce, second division of
October—Eleven days, 14,90 oitavas; yield,
7,645 oitavas per ton.
At the meeting of the Scottish Union Insurance
Company,at Edinburgh, the new life policies of the
year were stated to have been 887 for £474,205,
yielding, in new premiums, £13,836 19s. 41 The,
results of the fire business had been satisfactory, the
net surplus on that account being £14,621. The
invested funds now exceed £1,000,000.

The last week's railway receipts, ascertained up
to this day, ars in round figures as under :

1867. 1866.
Great Western ... 70,417 67,347
North Western ... ... -.123,788 119,372
South Western 21,716 21,960
Brighton 22,106 20,759
Midland .. ... 54,191 50,073
Great Northern 43,383 41,326
South Eastern ... 22,691 21,013
Lancashire and Yorkshire... ~. 45,150 43,786
Bristol and Exeter... ... 6,469 6,169
North Eastern „ 73,180 70,465
Manchester, Sheffield, and Lincoln 22,134 22,04
Great Eastern ... 33,769 33,698
London, Chatham, and Doper ... 9,390 8,542
North British ... ... 25,849 24,727
Metropolitan._ •.. 4,221 4,015
Great Southern and Western of Ireland... 8,731 9,131
Midland and Great Western of Ireland 5,751 6,341
Glasgow and South Western ... ... 10,948 10,194
These returns, when compared with those of the
corresponding period of last year, are, with a few
exceptions, of a very satisfactory character. On the
Great Western there is an increase of £3,070 ; on
the North-Western, of £4,416 ; on the Brighton,

of £1,347 ; on the Midland, of £4,086 ; on the
Great Northern, of £2,059 ; on the South-Eastern,
of £1,678; on the Lancashire and Yorkshire, of
£1,364 ; on the Bristol and Exeter, of £3OO ; on the

North-Eastern, of £2,715; on the Manchester, Shef•
field, and Lincoln, of £B9 ; on the Great Eastern

of £2,071 ; on the London, Chatham, and Dorar,

of £848; and on the North British, of £l,l 2;
while the South-Western shows a decrease of £244.

The biddings for bills on India were held yester-
day at the Bank of England. The amounts allotted

were to Calcutta 18,05,000 rs (£180,400), and to
Madras 1,95,000 (Z 19,500). The minimum price
was fixed at ls. 11d. per rupee on Calcutta and

Madras. Tenders on these Presidenciesat ls. llid.
will receive about 89 per cent., those above that
price will be allotted in full. No tenders on Bom-
bay were invited.

Two o'CLocc
According to Reuter's telegram this morning the
French Rentes were 69f. 25c. Flat.

B usiness in the English Stock Market remains
inactive owing to the dealers and speculators being
chiefly engaged with the completion of the settle-
ment. No change can be reported in prices, Con-
sols being 93 for money, 93/ for the account
on the 7th January.
The return issued from the Bankers' Clearing
House by Mr. J. C. Locock, deputy inspector
of the paid clearing, for the week ending the 4th
Dec., is as follows :
Thursday,
Friday,
Saturday,
Monday,
Tuesday,
Wednesday,

£7,802,000
19,327,000
12,700,000
10,248,000
10,411,000
10,715,000

Total

£71,203,000

The New Threes and Reduced Annuities are
92 3 ; Bank Stock, 243 5 ; India ditto, 223
ditto 5 per Cents., 112 k 113 ; ditto 4 per Cents.,
100; 100 ; Enfaced 5 per Cents., 1034 ; ditto 5f
per Cents., 103 i ; and ditto Bonds, 58s. prem.
More activity has been experienced in the Foreign
Stock Market, but the result has not improved
quotations. Turkish 5 per Cents. have advanced
f, to 334 34 ; but Spanish 5 per Cents. have de-
clined to 251- 26 ; the New 3 per Cents. 4, to
35i 36i ; and Mexican e, to 151 16 ; while Italian
are weak at 464 ; and Greek at 13f ; the New
Egyptian 9 per Cent. Loan continues steady at
1 prem. ; and the New Honduras Loan is final
at 14 11 prem.

In American Securities there is an advance of I
in Illinois, which aro marked 90 91 ; and of in
lines, at 474 48i ; while United States 6-20 Bonds
have declined to 71 -I.
In the Foreign and Colonial lines there has been
no material variation. San Paulo are dealt in at
164; South Austrian and Lombardo-Venetian at 14:
East Indian at 112 ; Great Indian Peninsula at
110 ; and Great Western of Canada at 164
Atlantic and Great Western Railway Deben-
tures remain firm at 21k 22k ; and the Consolidated
Mortgage Bonds at 194 19g.
More activity has been apparent in the Railway
Share Market, and prices generally have improved.
Great Northern A Stock have advanced 11, Cale-