The Sun.
London, England, 1867-05-25 00:00:00

MONEY MARKET

AND

OMMERCIAL ENT X,LLIGENCR,

TWELVE O'CLOCK.

In the discount market to-day business has been
'ery quiet, and the rates have not undergone any
change of importance.
A further influx of gold took place at the Bank
of England yesterday, amounting to £85,000, of
which a small portion was in sovereigns.
The Teutonia, from New York, has brought
aPecie to the amount of £ll,OOO for Englaud, and
£lO,BOO for France. The Minden, with gold from
Melbourne, has also arrived off Penzance, but the
amount is not yet known.
Nearly all the shares have been taken in the
Great Cwmeymlog Silver Lead Mining Company,
the capital of which is £20,000, divided into 10,000
shares of £2 each. A very important lode has been
Opened upon in the bottom of the mine in the
eastern part of the property, laying open many
thousands of pounds worth of valuable ore.
At the Stock Exchange yesterday the failure of a
dealer was announced. His liabilities are said to
be about £20,000, he having had considerable ope-
rations for the fall in Great Western Railway Stock
and in a variety of miscellaneous securities. It is
asserted that he had about £lOO,OOO of Great Wes-
tern open,
and that his inability to arrange this
that
has prfirm oduced his suspension. The result was
RIM price of Great Western was temporarily
Numerous arrivals of specie have been announced
ng the past week, the latest amounting to
£720,891, including £26,394 from New York by
the Malta, £277,741 by the City of Paris, £4,800
137 the
America, and £ll,OOO by the Teutonia.
The Damascus, from Sydney, has brought £15,568 ;
the 'cent, from Melbourne, £158,104 ; and the
s uPerh, £160,000. The Alexandra, from New
Zealand has brought £14,496 ; the Celt, from the
Capea of Good Hope, £6,430 ; the Tanjore, from
Alexandria, £7,750 ; and about £38,608 has been
received in silver from the Continent. The exports
have been £5,86 to the East Indies and China, by
th
Syria ; and there have been remittances to the
Continent, through private sources, estimated at
£122
)A-eQ
9—the total amounting to £128,435
fro opening of the new route to Paris, namely,
in Feuchurch-street via Thames Haven and
t Boulogne, has brought a considerable accession of
traffic to the Tilbury and Southend line. The
v eBBels employed are excellent, both in regard to
.accommodation and to speed, and the charges are
such
as places it within the means of the humblest
mechanic to visit the Exhibition.
t A large meeting of the creditors of the London,
mbar, and Mediterranean Bank (ordered to be
Wound
receive
up last year) was held on Thursday last, to
a report and statement of accounts from the
4:4"Cial liquidators, Sir Thomas Parkyns, Bart.,
and Mr. James Cooper (of the firm of Johnstone,
Copper, Wintle, and Evens), as to the complicated
questions arising out of the amalgamations between
18, bank, the Continental Banking Corporation,
an
the London and Mediterranean Bank. After
4 lengthy discussion as to the course to be pursued
avoid the consequences likely to ensue from the
_c°lltinuance of the three separate liquidations, a
steps of creditors was appointed to arrange
for some combined scheme of liquidation.
%W
ith regard to the tea trade, the annexed is from
e fortnightly circular of Messrs. Hubbert and
te°',"---Theugh in the past fortnight holders of black
0 a have shown increased firmness, yet the quantity
011 offer still exceeding requirements the dealers
parcels
with caution, remaining attracted only by
rt7rcele
, pressed for sale, or having any striking cha-
racteristic. Recently some 6,000 packages of fine
ftialilBl3\v, per Flying Spur, have changed hands at
tr, Prices, viz., from ls. lid. to 2s. sid., and the
t jtensactions in these qualities have perhaps con sti-
A lt,he only feature in the market since the 10th.
iC auction, which commenced on the 21st, was
clo:4Bequence of the Derby race postponed for con-
prea° to the 231 The quantity in catalogue re-
ofwerented about 18,600 packages, of which 12,000
Printed as "without reserve." An analysis
ere
different grades would, as usual, give a pre-
graderance to the common black and red leaf
11.28, some breaks of the former realising from
t° 11.1 d. ; while, since the termination of the
rnali ' throughout which a fair degree of spirit was
sortiBitined, some inquiry is noticeable for both
priva't'f to be had under Is. per lb. Business by
tivel e contract has meanwhile been on a compara-
in Y restricted scale, but without actual change
greeci,,ll„°ta'ti°ns• For the scented tea and Canton
eecom " " Dilpussund," there has been a lively
gooTeitition, ranging for scented caper, common to
to 18. 88,' 3d• to 2s. 3d., scented orange Pekoe, Is. 3d.
tip to ~'1 and extra fine 2s. Bd. ; young Hysons,
„ 'EL 7d.
f „
41,144
,2user,ring correspondence with regard to the
titanch Railway is of interest :
(Copy)— No. 134.
'l'o the Under Secretary of State for India.
Sir , May 20.
Gettit,'"zille directors of the Indian Branch Railway
theiel,nY, having further considered the subject of
derma
d!,er
et the 29th ultimo (No. 123), and un-
net Ilabing that the Secretary of State in Council
the Nab to extend the 5 per cent. guarantee to
the boa,,,atee line, I have the honour to state that
the eo__;sk-tareprepared to accept the guarantee. for
sad h.uction of their lines of railway in Oude
Whole dkund, such guarantee to include the
up to the expenditure incurred by the company
Writte„"e Present time, less a sum of £50,000 to be
Nulhoff
.as the estimated loss on account of the
read ":te° line, which will be abandoned, and the
(r.urned "
to eirovernment.
(Signed) Wm. DENT, Deputy Chairman.

(Copy.)
Sir T India Office, May 23.
India t am directed by the Secretary of State for
the 20:? acknowledge the receipt of your letter of
Dared but., and to state in reply that he is pre-
'n accordance with the terms of the draft
Iklaritt, 'which accompanied my letter of the 7th
the ‘-‘,? to accept your proposal, and to guarantee
glind'r noes of railway in Oude and Rohilkund, such
lueilarn tee to include the whole of the expenditure
(whichred 1:7 the company up to the present time
4144 Will of course be properly certified by the
(Q5O auditor
less a sum of fifty thousand pounds
0,'„?°) to be written off as the estimated loss, on
doet,-,,,`" of the Nulhatee line, which will be aban-
atn the road returned to Government."—l
11`r) your obedient servant,
IVIO. (Signed) HERMAN MERIVALE.
h er"ent, Esq.
106. 50,000 to be written off is equivalent to
v ithare.]

Accord- i Two o'CLoci.
day. the prg Lc' Reuter's telegram from Paris to-
Th ' ais.b.elleh Rentes were 69f. 72c. Heavy.
dull tebtu• --et for the English Funds has been rather
t• 18 Mortain„.,
inue firm 6 but prices, nevertheless, con-
-22s h 2
I\rew. Threes are 91k i ; Reduced Annuities,
C 278 Prem. ; India Stock, 219 ; do. 5 per
1.t.Z41;' Ilq 1121; ditto Enfaced 5 per Cents.,
I ; and ditto Bonds, 60s. prem.
„ The Foreinla
!e1.:1.4We 6 Stock Market is steady, but with
business in course of negotiation..
b Iseenanecus and Finance shares remain
dues, ull
but without any material change as regards va

MINING MARKET.
The
ay
as SATURDAY
ee
ah I-11 rket to-dap has b
it.-..,11„
0,.. 'zed are the latest prices:—
noderatel AFTERNOON.actv e.
ertoe M00r..... P
5i '
ceihioffri_tttles Gold *******
81
1,,,t,tu:-, Aroalgantate 41 4i
i,ev outiset ............ 15 17
tat Cart.
Gt. Consols...
Caradou ........ 51 5:
~ st Lovell ........... 81 9
....,_.01,,,t ltussell .......... 22 28
GreattWheal Grenville
'Min I
Meat"x ......... 171 18i
Retallick . gl 4
ehf ...
-"' wheal VOZ. 1711181
BRIT-

Marke Valley
North Crotty -1
North Treskerby ll 1
Princeof Walps 56s Od 5._4:3011
Providence Mines
South Caradon 340 350
Tincroft l4 15
West Caradon
West Seton

West Chivorton
\Vhealßasset 65 70
Wheal Seton ll7l 1221

- ISH FUNDS—CLOSING PRICES.
U.VEItNNIENT FUNDS. Par Uent. Consols
911 xd
n 'O. Account, June 6
"„Per Cent. 'Leduc:eel
91-i i
rv,v. 2i per Cent. Jan. 1894 _ A "). 5 per Cent. Jan. 1873 _
s'teuities, 30 yrs, expire sth Jan,, 1880
.).,e. for 30 yrs, expire SLII April 1883 —
'o.(ited Sea Televaph), 41u6., 1908., —