The Sun.
London, England, 1867-10-18 00:00:00

ONEY MARKET

AND

COMMERCIAL INTELLIGENCX,

TWELVE O'CLOCK.
The demand in the General Discount Market
continues very restricted, notwithstanding the large
withdrawals of bullion from the Bank and un-
favourable character of the continental advices. In
some of the manufacturing districts there has bee❑
shg,ht symptoms of an improvement in several
branches of business ; the rates current. for the
negociation of first-class commercial paper remain-
ing at from 1+ to 13 per cent.
The Java has arrived from New York with
£2,800 in specie.
The return from the Bank of England for the
week ending tho 16th Oct. gives the following re-
sults when compared with the previous week :
s6Bt £3,065,233 ... Decrease £609,767
Public deposits ... 4,456,587 Decrease 3,100,855
Other deposits 20,432,737 ... Increase 2,129,937
On the other side of the account :
Government securities £12,891,203 Decrease £3,669
Other securities 16,951,047 .., Decrease 213,160
Notes unemployed ... 12,140,675 ... Decrease 1,321,300
The amount of notes in circulation is £24,993,745,
being an increase of £466,710 ; and the stock of
bullion in both departments is £23,261,362, showing
a decrease of £847,672 when compared with the
preceding return.

Subjoined is a comparison of the present position
of the Bank of England and the price of Consols
With the corresponding week of last year :

Sarno week
last year.
Bank 423,261,362 ... £16,133,363
Notes in mom— ... 13,267,617 ... 7,046,828
Notes in oirculation ... 24,993,745 ... 24,086,535
Rate of discount... ... 2 per cent. ... 4 per cont.
Price of Conscls... .. 93} ... 891
The return of the Bank orFrance for the past
Week, when compared with the previous statement,
allows the following changes :—An increase in the
bills discounted of £740,000 ; in the current ac•
counts of £400,000 ; notes, £253,000 ; Treasury
balances, £20,000 ; and in the advances of £B,OOO.
A decrease has taken place in the cash of £168,000.
Grain operations have no doubt had much to do
with some of the alterations exhibited,

At present.

From Lisbon the telegraphic news respecting
the war in South America fully bears out the latest
accounts received by the English mail. The Bra-
zilian fleet is hemmed in between litunaita and
Curupaity, and would appear to be at the mercy
of the Paraguayans, who had greatly strengthened
Curupaity after the fleet had passed. The army
is entirely isolated from the fleet, and is fortifying
itself at Tuju-cue to resist, if possible, an attack
from Lopez. Caxias and General Mitre had dis-
agreed, throwing the blame on each other. Cholera
has reappeared among the allies.
Afurther sum of £117,000 in gold was withdrawn
from the Bank of England yesterday. With regard
to the bullion market, Messrs. Pixley, Abell, and
Langley, state as follows in their weekly circular
"We have but two arrivals of gold to report,
the Tasmanian, from the West Indies, with
£90,000, and the Bremen, from New York,
with £4,000. These amounts have proved quite
Inadequate to the demand, and £579,000 have been
withdrawn from the Bank since our circular of the
10th inst. Further sums will be taken unless some
of the vessels, now on the way from Australia,
should soon arrive. The ships now coming with
gold are :—From Melbourne : Gala, with
£47,000; Blackwall, £182,000 ; Great Bri-
tain, £439,000 ; Wave of Life, £100,000;
Sussex, £129,000. From Sydney : Sir John Law-
rence, £251,000. Making a total of £1,148,000,
of which about £668,000 may be considered as
nearly due. The market for silver, under the in-
fluence of purchasers for the Continent, has been
more lively, and prices have improved id. per oz.
The Tasmanian brought about £120,000 from the
West Indies, and the Bremen £25,000, Dore, from
New York. Mexican dollars have also improved
in price, and about £50,000, brought by the Tas-
manian, Fire Queen, and La France, have been sold
at 59kd. per oz. The purchases have been chiefly
for the Continent and refining purposes, the only
shipment to the East consisting of £10,500 to
Shanghae.
Advices from Berlin, dated 15th instant, state
that the Bourse opened very flat, and the antici-
pated French intervention in Italy acted unfavour-
ably on all public securities. At the close Italian
iterates and American Bonds became rather firmer.
N 0 activity prevailed in Russian and Austrian
Funds, the latter were much depressed and freely
offered.

At Frankfort, 15th instant, the Exchange opened
eat, but somewhat improved towards the close.
The half-monthly liquidation is expected to pass
ever easily, as there is no scarcity of the various
stocks.
a At the Paris Bourse yesterday there was much
gitation, the speculations being mostly for the fall,
arid sellers did not even secure themselves by pre-.
van
litlte, so sure were they of covering themselves ad-
° in a few days. Every one is so much
eetttageously
Pied with the political situation that the balance
sheet of the Bank is scarcely noticed, though it
"'tains some interesting features.
Itespecting the corn trade at Birmingham Mr. W.
B. Cave states as follows, under date of the 17th :
With the exception of yesterday the weather
Z„urieg the week has continued showery and foggy.
r heat trade at all the markets held up to Monday
44eltisire were in an excited state, and holders found
addifficulty in realising a further considerable
~anee, say 3s. to 4s. per qr.; and our millers were
fl'A3lllPelied to protect themselves by again raising the
1,7°11r 3s. 4d. per sack. Tuesday and yesterday there
;has a general inclination to pause and realise. I repeat
a—barsut t the cause of the late advance was brought
by a sadly deficient harvest—generally
expected to have been an abundant one—and by
the general exhaustion of old wheat throughout the
tcgintrY• Foreign arrivals are now more liberal,
eeipted by our high prices; farmers' deliveries also
are increasing. At this day's market there was a
s()(3(1 supply of wheat, but millers generally being
buyers there was a dull trade at last week's
rice's—reds making 695. to 735., and white 78s. to
)3., all per qr. of 4961b5. Foreign wheat neglected,
uelders being unwilling to sell at late rates.
The following remarks upon the Manchester
Markets are from the circular of Messrs. Alexander
collie and Co. :
` During the first half of the fortnight this mar-
ket continued in the depressed condition we re-
(ll3cirted at the close of our last circular, yet the
,ealatid, although devoid of animation, and
f°t of an extensive character for any article
OrciallY, was sufficient to:prevent an accumulation
Fiteek, or an extended resort to the short-time
blievetuent. Much of the distrust felt originated
~t 1 art again prevalent rumour that a Continental war
17e )111
not be longer deferred ; but, fortunately,
the different Governments interested have made
the
Publierib mind on this score, at least for the pro-
fil• The trifling measure of confidence imparted
r this assurance, and the generally active demand
a h goods in India, leaving for many descriptions
eft :Meet
Of lrie margin on current rates here, had the
Liner arresting the wavering tone of the
verPool market, in which there has since been
transaction
steadiness and pretty largo daily
tiriesactions, partly on speculators' account. The
ce for middling American does not, however,
ieeti" of need
e beyond 81'1., as buyers with a lively recol-
(L Past lossesustained on goods bought for
ocLant _s
markets and for protracted delivery will
40'._17 operate in ready parcels. The chief demand
4.,'ic exists for the better qualities of China shirtings,
thet moderately so for jacconets and mulls, and as
,„,e,e are Scarce relatively higher prices are being
'4,l(t for them than for other classes."
dui" the Foreign and Colonial Produce Market,
pre ihg the last few days, rather less animation has
1-
although prices generally remained firm,
47u'elllarly for sugar, coffee, and rice. The trans-
Zfees on the late arrivals of new season's tea have
h" bn, to a fair extent at steady rates, while there
een rather more inquiry for tallow, and quo-
taut,
Lis show an upward tendency.
AtlauYie aid
Grcat Westerp Railway Debentures