The Sun.
London, England, 1867-07-11 00:00:00

MONEY MARKET

AND
COMMERCIAL (NTELLIGENCI.,

TWELVE O'CLOCK.
The directors of the Bank of England have
eld their weekly court, and adjourned with-
at making an alteration in the minimum rate
E discount. This decision was expected by
verybody at all acquainted with the passing posi-
on of affairs, It may happen that the executive
ill lower the terms for accommodation, but the
Dncession should it be made is scarcely coveted, the
lea being that a larger trade associated with a
igher rate of discount would be prefert.ble to a
)Wer quotation and stagnation of business.
A further influx of gold to the amount of £54,000
'as taken to the Bank of England yesterday.
The half-yearly interest warrant at the rate of 6
er cent, per annum to the shareholders, and the
oupons for interest on the Debentures in the Itus-
Lan (Vybrouski) Iron Works Company (Limited),
re uow in course of payment at the London and
,ounty Bank, Lombard-street.
At the meeting, on the 28th inst., the directors of
he National Discount Company will recommend
he payment of a dividend at the rate of 17 per
ent. per annum.
The last week's railway receipts, ascertained up
Co this day, are in round figures as under :

1867. 1866.
featr Wstern ... 80,676
orthWestern
... ••• ••• ...125,966 128,5997
81,700
oath Western •, • 28,791 2 ,31
Irighton •
outh Eastern
*** ••• ... 26,665 23,894
Eidland •••
••• 55,560 50,956
great Northern ...
••• ... 29,970 26,662
;
1'
,aneashire and Yorkshire 37,815 36,0.-)... ...
Iristol and Exeter...
..„ 7,751 ••• 50,690 49,28 a
orth Eastern 7,166 ...
•.. fanehester, Sheffield, and Lincoln 74,974 71,668
... 22,708 22,664
4-eat Eastern
forth British ••• 88,330 38,063
Jondon, Chatham, .and
..• ... 29,105 27,764
letropolitan and Dover •
... ... 15,091 12,763
, 4
liciland and Great Western of Ireland
..5555 5,30461
'Treat Southern and Western of Ireland... 4
7,924 ,61
ilasgow,924 8,85
and South-Western
... 11,820 11,201
['hese returns, when compared with those of the
orresponding period of last year, are, with one or
Yvo exceptions, of a favourable character. On
he South-Western there is an increase of
E 1,474; the Brighton, of £2,771; the Midland, of
4,604
; the South-Eastern, of £3,298 ; the Great
northern, of £1,793 ; the Lancashire and York-
hire, of £1,405 ; the Bristol and Exeter, of £585 ;
he North-Eastern, of £3,306 ; the Manchester,
'iheffield, and Lincoln, of £44 ; the Great Eastern,
)f £267 ; the North British, of £1,341; the Lon-
ion, Chatham and Dover, of £2,328 ; and the
Metropolitan, of £509 ; while the Great Western
!xhibits a decrease of £1,124, and the North-Wes-
ern, of £2,633.
Notice has been given that an extraordinary
teneral meeting of the shareholders of the Telegraph
;° India Company Limited was held at the
)Ifices of the company to-day, the 12th inst., for
purpose of considering the heads of agreement
)etween the above company and the Telegraph
Construction and Maintainance Company respect-
ng the future lease, and prospective sale and pur-
:thase of the company's lines, Firman concessions,
lad interest therein.
The Committee of the Stock Exchange have
IPPeinted to-day, 12th inst., a special settling day
11 the scrip of the loan of the Provincial Orel
Vitelish Railway Company, which is to be quoted
[n the official list.
Certain and speedy telegraphic communication
with India is a matter of the highest importance
both in a national and commercial point of view,
Ind not withstanding that means now exist of com-
unicatinh
g with then
East by telegraph, yet they
re of suc an uncertain and perplexing description
that they, in fact, amount almost to worthlessness.
ro prove such to be the fact, we need only refer to
the peculiar public despatches that appear from time
to time in the daily journals. Dates, places, names,
and other matters are all heaped together in the
mostn admired
the confusion, and for all useful purposes
iformation received is of no avail. This state
)f things arises from the wires passing through
-xiuntries differing in language as well as adminis-
:Lriation, and expectation of a better system under
vie. present circumstances is altogether beyond hope.
1 ith a view of giving a more rapid and accurate
eans of of
with India, a body of gen.
3elneri of the highest standing and ability have is-
Codmpan the prospectus of the Anglo-ludian Telegraph
muniy, which proposes a line of telegraphic com-
ation with the East under one undivided re-
,sponsible control and management in London, the
['llea passing via Egypt and Aden to India, with
lad
[Tensions ultimately to Singapore, China, Japan,
Australia. Negotiations have already com-
menced with the Italian Government for the con-
cession of a line from Susa to Modena, to Sicily ;
secondly, for a lease from the British Government
thirdly, the Malta and Alexandrian line of cable ; and,
for a lease cf the land lines between Alex-
'nd
i.ria, Cairo,
'I and Suez. The great work to be
la sevonsly accomplished-the wire between Sue z
d Bombay-which the Telegraph Construction
and Maintenance Company have agreed to do. The
th,,titire line, in all probability, being completed
roughout in May, 1868. Such a proposition as
at of the Anglo-Indian Telegraph Company is
Quite a national undertaking, and as such, under
the guidance of such a body of gentlemen as form
the directory, it must meet with the most certain
and complete success, and realise a splendid return
to those who invest their capital in carrying out the
undertaking,

Two o'CLocK.
The market for the English Funds has shown
rather less firmness, and a few sales to realise pro-
fits after the recent advance has caused a decline of
i: Consols being 94
the account. i i for money, and 95 95 for
94 he New Threes are 94/ 41; Reduced Annuities,
MI New 21 per Cents., 761 ; ditto 5 per Cents.,
106; Annuities, April, 1885, 12 13-16ths, j-; India
•St°Tek, 218 ; ditto 5 per Cents., 110/ 1111 1101, i.
bi`,ll the Foreign Stock Market a small amount of
6BllleBs only has been transacted. Russian Scrip
6' advanced 1, to i, 14; prem. ; Turkish 5 per
qerntt i-, to 31i i ; and Italian if, to 49/ I ; but
i, et"' have declined I, to 141 1; Spanish Passive
A1e0.211. to 22/ ; the Certificates 1, to 15k i ; and
to Far i, to 16k -} ; Chilian Scrip has improved
tar to i pm.
lu Bank Shares there has been a very limited
4:l,,liil'Y. London and Westminster are flat at 106.7;
degl Consolidated at 4.i. ; London Joint Stock are
4t lo at 43144 ; and Union of Australia at 51.
Ni Inericao Securities exhibit improvement. Erie
taBl3lres are 1/ per cent. higher, 45 46 ; Illinois I,
'73.1 i 1 • and United States 5-20 Bonds I, at
. i
I.Atlatltie and
Great Western Railway Debentures
.-Ailtlaila steady at 30 32, but the Consolidated
Mortgage Bonds have declined 1, to 24 24f.
it:ascellaneous and Finance Shares remain very
lia,etiv.e. Anglo-American Telegraph, however,
Orientale unproved to 181 i ; and Peninsular and
4r Ste to 401 411 ; International Financial
are marked 3 ; and Hudson's Bay Company, 154.
Ita‘jii°4eiderable depression has prevailed in the
sl o,\N,Yay Share Market, prices in most instances
blaveing a further decline. London and Brighton, t
West receded 4 ; North Western, 11-; Grea
NortLern and South Eastern, each i ; and Great Greallero A Stock and Metropolitan, each I ;
ato ..__ Easternwhilehire
have improved I, and Lancashire
1 Yorkshire i
The t-, •
firmer. Colonial and Colonial lines have been a shade
Greatr-, Dutch Rhenish have improved to. 20i
a;
to 106."-:uxernbourg to 11/ ; Great Indian Peninsula
111 i.l 107 ; and Great Western of Canada to

MINING MARKET.
TIT EIRSDAY AFTERNOON.
uiet,
htillatlE3itle.M ill the market to-day continues
„ prices remain nominally unaltered. very
yncinexed
..re the ,
04,_ latest prices :....._
(2tov, etloll
e Moor ..... 51 5i
litrutotttles Gold ...... 41 5
rantl3'4 4raalgaroate 71. 8
11,4 t ariset
.... 19'20
-igi. yeakdoo, ......
öi 51
'it-a; -I,OVell ............ :: 6i 7 -
Q.4.14.117heal Ureavllle 2 214
Groa't 1447ceY
.. 18 19
c,.rr_ , 4etallick. .....
34071,T,Wheal Vo ... .. . 171 18
4044 Valle Y..... 4i 4i
eroftY ............. 3i 3i

North Treskerby 1 li
Princeof Wales 6256 d 64s Cd
Providence Mines
South Condurrow
Tincroft
West Chiverton
West P. of Wales
Wheal Basset
Wheal Buller —
Wheal Chiverton 6 71
Wheal Grenville 1
WiisaliSeton 110 11*,