The Sun.
London, England, 1867-10-17 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGttiON,

TWELVE O'CLOCK.
The demand for accommodation in the general
discount market continues limited, without any
change to report in the rates current. At the
weekly court of the Directors of the Bank of Eng-
land, as was generally anticipated, no alteration
was made in the minimum rate of discount, and it
still remains therefore at 2 per cent. On the Stock
Exchange money is plentiful, and loans on Govern-
ment Securities are readily obtainable for short
dates at 1 per cent.
The Australian Mortgage Land and Finance
Company (Limited) have announced the payment
of an interim dividend at the rate of 10 per cent.
on the paid-up capital, for the half-year ending
30th June last, payable on and after the 4th No-
vember next. The balance-sheet from Australia,
duly audited for the first six months of the year,
shows a net profit of £17,504, after deducting
interest on debentures, rebate, &c., and the pay-
ment of all expenses ; out of this sum the interim
dividend will amount to £8,750, leaving £8,754
to be carried forward.
At the meeting on the 23d instant of the share-
holders of the Royal Mail Steam Packet Company,
the directors will recommend a dividend for the
half-year ending the 30th June last of £3 per share,
free of income tax, including the profit from the
insurance account.

The sum of £134,000 was withdrawn from the
Bank of England yesterday, making a total efflux
since the last Gazette return of £462,000.
Atlantic and Great Western Railway Debentures
have declined i-, to 24 25, and the Consolidated
Mortgage Bonds to 20 21.
The silver market is rather firmer, a portion of
the late arrivals of dollars and the bar silver by
the last West India packet having been sold at an
advance of
The last week's railway receipts, ascertained up
to this day, are in round figures as under :-
1867. 1866.
Great Western 80,144 80.057
North Western . ...129,460 126,920
south Western 28,483 28,761
trighton 26,118 23,996
kidland 59,112 56,363
So
uth Eastern
32,523 30,448
LGreat Northern .:
45,971 42,398
anLcashire and Yorkshire... .., 415,410 44,194
Notol and Exeter ... ... 7,836 7,312
th Eastern 1: ... 77059 76777
Ilan heater Sheffield and Lincoln ... 21,,849 21,,362
Great Easte'rn 41,531 39,876
L°4(1011, Chatham, •a-nd Dover 13,794 11,853
ketropolitan. 4210 4,037
North British- ***
• . . 27'740 27 873
North London -.• •:* •.:: s'Bll 5,338
Great Southern and Western of Ireland 10,699' 10,717
Midland and (treat Western of Ireland 8,310 7,109
Gittggow and South Western •... 11905 11,023
These returns, when compared with those of the
corresponding period of last year, are, with one or
two exceptions, of a very favourable character.
Oa the Great IVestern there is an increase of
; on the North-Western, of 12,540 ; on the
Brighton, of £122 ; on the Midland, of £2,744 ;
ea the South-Eastern, of £2,075 ; on the Great
Northern, of £3,573 ; on the Lancashire and
Yorkshire, of £1,206 ; on the Bristol and Exeter,
of £524 ; on the North-Eastern, of £282 ; on the
Manchester, Sheffield, and Lincoln, of £127 ; on
the Great Eastern, of £1,675 ; and on the Lon-
don, Chatham, and Dover, of £1,941 ; while the
South-Western shows a decrease of £276, and the
North British of £133.
The bar silver brought by the West India steamer
has been disposed of at 601 d., and a limited amount
of Mexican dollars by this and by one or two other
vessels bas been sold at 59id., in both instances
showing an advance of id. -
The biddings for £lOO,OOO in bills on India were
held yesterday at the Bank of England, and the
whole was allotted on Calcutta. The minimum
price was fixed, as before, at ls. 111. on Calcutta
and Madras, and tenders at Is. 1 lid. on Calcutta
will receive about 80 per cent., while those above
that price will be allotted in full. No tenders for
bills on Bombay were invited. The terms thus ob-
tained show a further slight decline in the demand
for means of remittance to the East.
The Crown agents for the Colonies have invited
the holders of New Zealand Government 8 per
cent. Treasury Bills falling duo on the 31st of
December next to exchange them for 6 per cent.
Debentures of the General Government of that co-
lony
llaving
24 years to run. The proposed rate of
exchange is equal to a price of 103! for the 6 per
cents., and the operation will be effected by the de-
livery of a Treasury Bill, with the final coupon
attached, for a debenture of equal amount, bearing
interest from the 15th of December, 1867. It is
understood that the Treasury Bills held in this
country, and falling due at the end of the present
sear, amount to about £400,000 ; but as the pro-
-I)3Bed transaction will be merely that of substituting
ail security for another, representing the same
ount, no additional capital will be called for, and
`o'o only result will be that of lessening the liability
the colony to the extent of the difference between
the two rates of interest allowed, or between eight
4114 nine thousand a year.

l Two O'CLOCK.
According to Reuter's telegram this morning,
,nn French Rentes were 67f. 25f. Very flat.
-the situation of politics abroad, the Abyssinian
War, and many other gloomy contingencies, are de-
-I,LI essing securities of all kinds. Mistrust is every-
,here evinced, because it is yet thought that affairs the city have not yet reached their worst.
Against many satisfactory andencouraging features
ope up some counteracting influence—such as the
advance in the Corn Market, failures in Liverpool
the
Bank of England, and excessively heavy losses
at Lloyd's.
In Consols there has been a further decline of 1
per cent., the latest prices being 931 I for money,
and 931 for the account.
Italian Stock is depressed, the Fives being only
4314 k. Within the next two days some important
6lneute is apprehended. There is an im-
11)ression that there is a secret treaty
I,etweela Prussia and Italy to thwart the
4-41.111peror of France should he again wish to occupy
the Pope will find, in all probability, greater sup-
itx3l, rt than may have been anticipated. What with
is question and the arming in France and Northern
I:ere'any, it is not at all surprising to witness the
eavieess of all European securities.
Foreign Stocks have in many instances ex-
perienced a further decline. Mexican Stock have
31eled ?I, to 14i 15 ; Turkish 5 per Cents. f, to 30i
; Spanish Passive 1, to 181 19.
r4' very moderate amount of business has been
vasterneastacted in the Railway Share Market, and prices
lerallY exhibit increased depression. Great
have receded ; Caledonian, Great
triern n, Midland, and South Eastern, each f ; and
qt!lten, Metropolitan, however, improved I-.
request'4o Foreign and Colonial lines continued in fair
dealt
at steady rates, Great Luxembourg being
vealt le at 84 ; South Austrian and Lombardo-
etan have declined to 131 f ; Great Western
ii„,auada remain at 15} 16 ; East Indian at
4 •
to and Great Indian Peninsula have receded
107 i
ttal/Ick Shares remain inactive, and in a few in-
,ol.l4caeusnstttrhilaeelyi are a shade lower. London Chartered
AL,- a have declined to 24f Chartered
of India, London, and China to 25/ 26 ;
e Loudon and Westminster have improved
LO 701
.
so4A,laiscellaneous and finance shares are quiet. Hud-
Ne 13aY Company are marked 141, National
Cettc'tQlllll„t Company 111, Atlantic Telegraph 8 per
Vic:* '2l) Peninsular and Oriental steam 51, and
,roy
to it Egypt's Mortgage Loan has declined
American Securities are also depressed. United
Statess,44res O-2o
45
0 -a
Bonds have declined ,to 68 Erie
t
- 151, and Shares f, to 77f.

MINING MARKET.
WEDNESDAY, Two P. 31.
443tAinc
tuainess has been rather quiet, but prices are well
"wee of Wales, Grenville, Chontales,