The Sun.
London, England, 1867-10-16 00:00:00

MONEY MARKET

AND

COMMERCIAL =tNTELLIGENON,

TWELVE O'CLOCK.

The demand on the general discount market has
been rather more active, but the business entered
into has led to no change of importance as regards
the v,ates current, -which remain at 11 la per cent.
O the Stock Exchange loans on Government Se-
curities for short dates are easily obtainable at about
1 per cent.

Gold amounting to £121,000 was withdrawn
from the Bank of England yesterday.
The Bremen, from New York, has brought
£26,370 ; the Hammonia, £4OO ; the City of
Antwerp, £1,500 ; and the Athenian, from the
West Coast of Africa, about £BlO.
In re Hampstead Brewery Company (Limited)
Alr. Edward Moore, the official liquid ttor, has for-
warded the following communication :.—" The
chief clerk sitting at Chambers for the Vice-Chan-
cellor, Sir R. Malins, has authorised me (the second
creditors having already been paid in full) to de-
clare a dividend of Bs. in the pound to the remaining
creditors.
An ad-interim dividend has been declared at
the meeting held to-day of the Chartered Bank of
India, China, and Australia at the rate of 5 per
Cent.

Atlantic and Great Western Railway Debentures
have advanced 4-, to 24 25, and the Consolidated
Mortgage Bonds are steady at 21 22.
The Manchester markets are thus commented
upon by Messrs. Alex. Collis and Co., dated 15th
instant :—" The market opened with mere spirit to-
day, mainly in consequence of the large sales of
cotton reported from Liverpool, but as the day wore
on producers found that buyers were unwilling to
follow the advance in cotton, and at its close there
is very little change to note from the quotations of
last Tuesday. Telegrams from Bombay of 12th
Inst. report lower prices, but a good demand for
staples."

llr. John George Bland, late with Messrs.
Kemp, Cannon, Ford, and Co., has made arrange-
ments with the house of Messrs. Nicholson, Cory,
and Co., public accountants, of Gresham-buildings,
Guildhall.

The following communication has been addressed
by the Committee of Greek Bondholders to the
Committee of the Stock Exchange :

Founder's Court, London, Oct. 14, 1867.
Gentlemen,—l have the honour to inform you
that this afternoon there has been signed a provi-
sional agreement between the Committee of Greek
Bondholders of the Loans of 1824 and 1825 and
'lB Excellency Sir Peter Braile, Minister Plenipo-
tentiary and Envoy Extraordinary, and Michael
Npartali, Esq., Consul-General, the diplomatic
representatives of the kingdom of Greece, subject to
ratification by the bondholders at public meeting,
and also by the Legislative Chamber at Athens.
, have further to acquaint you that the terms
of the agreement fix the capital of the
new debt at £1,000,000, carrying 5 per cent.
per annum interest from 31st March, 1868, with an
accumulative sinking fund of per cent. per an-
num. This will give in new stock (free of ex-
penses) for each old bond of £lOO, Red Greek ex-
Coupons, £221 ss. of claims, £2B 9s. 4d. ; £lOO
aloe Greek ex-Coupons, £2ll ss. of claims, £27
,38- 6d.. £lOO Coupons, £l2 17s. 4d. The meeting
has been summoned for Tuesday next, 22d inst., at
o'clock p.m., at the London Tavern.--I beg to
subscribe myself, gentlemen, your obedient servant,
(Signed) EDWARD HASLEWOOD, chairman."
With regard to the above announcement, if the pub-
lic meeting are of opinion that no better terms can
be obtained from Greece, then they will accept the
terms. It not a question whether the proprietor
is much or little, but solely as to the ability of
Greece to undertake to pay more and to be able to
fulfil the new promise. Greece is the smallest king-
dom in Europe, with the least population, and the
amount of taxes, £55,000, to be paid out of the
country is perhaps as much as she can manage.
Looking relatively to the foreign debts of South
America who have been in default, Greece under-
takes to pay as much per head on her population as
they have done. One thing is quite certain—the
committee of bondholders would not have enter-
tained the proposition if they had seen their way to
get anything better. This agreement will not only
have to be ratified by the bondholders, but also by
the Legislative Chamber in Athens ' • and those best
acquainted with that country do not expect that it
\y ill pass through that ordeal without great opposi-
tion, on the ground that Greece has made an offer
beyond her means. A very satisfactory feature in
this proposed conversion is that there is no money
Payment required. It will be a great benefit to
those who have permanently held the stock for years,
as it will give them an income of £135 per annum
for every £lO,OOO of the old stock, not now worth
more than £1,300.

Two O'CLOCK.

According to Reuter's telegrams this morning,
the French Rentes were 67f. 80f. Very flat,
offered.

Continued depression pervades the market for
English Securities, and Consols are between / and
per cent, lower, viz., at 931 for money and at 931
for the 7th November. The Continental news is
actively promoting a" bear" account. There seems
to be a general fear with regard to affairs abroad,
and few, therefore, are disposed to speculate for an
advance notwithstanding the abundance of money
and other favourable considerations. Comments
in the " house" have been made upon the announce-
Inent that the armoury of the 12th North Volunteer
Rifles had been attacked, and that rifles and
10,000 ball cartridges had been taken away. Con-
versation, exercising a depressing influence, has
also been held with regard to the rising in the Papal
States, and the extreme heaviness of the Paris and
Other continental bourses. With regard to the fo-
reign department changes are taking place owing to
speculative movements ; for example, several of the
securities which have been lately depressed have
been bought to realise profits, and have consequently
advanced in price. Railway
the recent advance s are flatter owing to
, the " Bulls" having in many
closed their accounts.
The New Threes are 91i 921; Reduced Annui-
ties, 92 11 21 ; Red Sea Telegraph 20 ; Exchequer
Bills, 275. to 30s. prem. ; Bank Stock, 252 50 ;
India Stock, 223 1 ; ditto 5 per Cents., 1131 14f
13 ; 4 per Cent, ditto, 1001 ; Enfaced ditto,
881 ; and ditto 51 per Cents., 109 f.
Foreign Stocks have generally shown a further
Blight improvement. Italian 5 per Cents. have
advanced 1, to 441 454 ; Turkish 5 per Cents. I, to
~,3,11 ; Spanish- Certificates /, to 16f 1; while
"lexican have declined /, to 14/ 15 ; while Greek
likely conversion of the debt have improved f,
viz., to 131 t•
In American Securities the operations have been
restricted, and prices have not varied to any im-
portant extent. Erie shares declined I, to 451 464,
andc, Illinois Shares advanced 1, to 771 781; United
ir°tates 5-20 Bonds remain steady at 681; East
ndian at 1101 1, and Great Indian Peninsula have
'nailer improved to 1071 108.
In the Foreign and Colonial lines there has been
Borne Blight variations. Great Luxembourg have
ceeded to 81 ti ; South Austrian and Lombardo-
Venetian remain at 14 a ; and Great Western of
C;)nada, at 151 16.
Ihe dealings in the Railway Share Market have
onlybeen to a moderate extent, and in some in-
stances prices have shown a further slight decline.
;eat Eastern have receded 1; North Western and
,L,letrepolitan each ; and Great Western and
rah Eastern each 1.,
Great Northern and Mid-
-41; however, are firm, and have each improved f.
st Shares are in better request, and in a few
lances prices show more firmness. London and
Westminster have advanced to 70 1; Bank of
,
gYpt to 331 ; Chartered Mercantile of India, Lon-
a°ll: and China, however, have declin©d to 26 ;
inl.truion of London remain steady at 38/.
Aliscellaneous and finance shares have been in
_rote favour, at about former prices. Berlin
terWorks are marked 121, General Credit and
_buisceunt
-s, National Discount Company 114 -a,
'openinsular and Oriental steam 51 511, and Viceroy
Egypt's Mortgage Loan 72:1.
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