The Sun.
London, England, 1867-05-03 00:00:00

NON Efri/IARKET

AND
COMMERCIAL INTELLIGENCE,

TWELVE O'CLOCK.

At the discount department of the Bank of
England to-day the demand is moderate, and in
other quarters a limited amount of business has
been negotiated.
A further sum of £50,000 in gold was withdrawn
from the Bank of England yesterday.
At a meeting held to-day of the proprietors of
the Great Indian Peninsula Railway Company, the
report of the directors and statement or a3counts
was Submitted. The report was unanimously
adopted, and a resilution carrie 1 increasing the
directors' remuneration.
In the Mincing-lane markets, during the lust few
days, there h Is been a moderate atmuut of business
transacted. Sag tr has been at steady rates. For
Colonial descriptions of coffee there has been a
geed demand, and a further slight advance has
been established. Rice has remained in moderate
request, at fully late rates, while tallow continues
to be neglected, and quotations are a shade lower.
With respect to the grain market in Birmingham
Mr. W. C. B. Cave states that the weather is now
all that can be desired for the completion of spring
sowing and planting. The wheat plant looks
nealthy, but there are some complaints of the beans
having suffered from too much moisture. Unin-
fluenced by the more pacific news of the conti-
nental dispute, the price of wheat continues to
advance gradually from the now admitted fact
that the stocks of both English and foreign are
in a less compass than has been known for years.
Farmers, deliveries at all the country markets are
extremely small, and barely sufficient for the local
demand, but millers buy' sparingly from week to
week in the hope that present prices may bring for-
ward a better supply. At this market to-day there
was a bettor show of English wheat—best samples
commanded an advance of ls. per quarter, while
secondary lots wore more saleable at the extreme
prices of last week. Fine red, 675. to 70s. ; white,
728. to 768. ; all per quarter of 4961b5. Foreign
Wheat met a fair retail demand, at an advance of
about I.s. per quarter.

The application of Mr. C. Oppenheim for a call
to be made in re Overend, Guerney, and Co., was
beard yesterday before the Chief Clerk of Vice-
Chancellor Malins, who has adjourned it-to be heard
before his Honour in person, at half-past three
o'clock to-day.
The next public sales of Colonial Wool have this
day been fixed to commence on the 16th inst. The
quantity already arrived amounts to about 150,575
bales, of which 22,593 bales are from the Cape of
Good Hope. The Committee of Merchants have
decided that all arrivals after the 9th inst. will not
be included in the present series.
There is a marked change in the tone of the Lon-
don market for American securities, the decidedly
more reassuring aspect of European politics having
induced large purchases of United States securities,
to cover sales which had previously been made on
fear of war between France and Prussia. 5-20 Bonds
are last quoted 711 to after having touched
724, ex coupon, which is equivalent to the highest
figure that they have ever reached in this country.
11'tools Central Shares have been steadily supported,
and leave off 751 to 761, or $3 above the price of
this day week. In Eries there has been a very
large business, and the quotation has advanced
nearly $6 per share, viz., to 421 to 421, the rise
being partly attributable to purchases on New
York account, and partly to cover " bear sales ',
onthis side. Atlantic and Great Western Rail-
way Debentures are steady at 31 33, and the Con-
solidated Mortgage Bonds at 21 22.
The committee of investigation of ',he London,
Brighton, and South Coast Railway Company have
issued a supplementary report, containing further
results disclosed in the course of their inquiry, and
which they consider demand explanation. Some
of these facts are of a remarkable character. "'They
include the particulars of certain important discre-
Paucies in the half-yearly accounts furnished as to-
interest on mortgage debt and preferential capital,
amid alio temporary loans. On this last point the
°°oarnittee observe that in the report issued up to
30th Juno last the amount due was stated to be
£645,906, but that" soma remarks having been made
at the meeting for the half-year as to so large an
?mount being due to the company's bankers, this
item disappeared in the next report of December,
1866." "This circumstance," they add, "it is diffi-
cult to reconcile with statements which have reached
the committee as to the position of the Brighton
Company
with their bankers." A most instructive
comparison is exhibited between the financial posi-
tion of the line during the ten years included in
ir• Laing's chairmanship and that which is shown
in the subsequent decennial period. The committee
conclude by enumerating certain things which are
essential in order to place the company's affairs on
a sound footing. These are :To obtain a complete
estimate of the works in progress, and to at once
abandon all those which are not absolutely indis-
pensable ; to have an accurate statement of assets
and liabilities, including floating debts, and to pro-
Vide a financial scheme for liquidating them ; to
revise the scale of fares and working expenses ; to
cultivate the most intimate alliance with neighbour-
long companies, and to secure a direction which shall
enter heartily into these measures.
The return from the Bank of England for the
Week ending the Ist of Slay gives the following
results when compared with the previous week
Pilest .£3 125 803 Decrease £7,316
7'052'501 ... Increase 706,672
ether depositsl7:793:9l7 Decrease 89,975
On the other side of the account :-
-,'evernment securities £12,886,314 Increase £10,1568
,-',,ther securities ... 19,169,324 .., Increase 919,61.
4\ 04,3 unemployed 9,867,745 ... Decrease 233,134
The amount of notes in circulation is £23,299,665,
being an increase of £174,280 ; and the stock of
bullion in both departments is £19,248,895, show-
ing a decrease of £88,032 when compared with the
Preceding return.
Subjoined is a comparison of the present postion
of the Bank and the price of Consols with the cor-
responding date of last year, when we were within
°lle week of the height of the panic and the stoppage
Overend, Gurney, and Co. :

Same week
At present.
last year.
auk bullion ... £19,218,895 ... £13,509,140
Notes in reserve::: ... 9,867,745 ... 4,839,250
'e ItaS in circulation ... 23,229,665 ... 22,872,770
Y 3 of discount ••• 3 per cent. ... 7 per cent.
' nee of Consols ••• 911 ••• 861
The Bank of France return for the past week
°
t,ll Nrs the following alterations when compared with
" former account. An ' increase has taken place
111 the cub, amounting to £520,000; in the bills
4, anted, £400,000 ;in the advances, £13,320 ;
ill the notes, £826,640 ; and in current accounts,
£40,000; ; while there has been a decrease of
606,640 in the Treasury balances.

Two o'CLocx.
According to Reuter's telegram from Paris to-
day, the French Rentes were 68f. 55c.
There is still firmness, with a degree of dulness,
i
the market for the English Funds. Consols arc
f for immediate transfer Ad account, and 911
be the June settlement. The account price, it will
seen, has receded, and this is probably owing to
Political considerations abroad, and also the ma-
13rity against the Government in the House of
Commons last night. The New Threes and Re-
liced Annuities are 59k, ; Annuities (Red Sea
eegraph), 191 ; Bank of England Stock, 253 2514 ;
edia 5 per Cents., 110 n ditto Enfaeed 5 per
cre,ilts.) 103 1021 ; ditto 5} per Cents., 108 ; and
140 Bonds, 48s. prem.
b In the Foreign Stock Market there is very little
114ness, but prices are firm. Italian have ad-
IrCt'eed to to 48 n Greek 1, to 121 13f ; Turkish
7 Per Cents. to 29k ; Danubian Scrip to
s 5i ditS. ; Chilian Scrip j-, to 4i 4 dis.; and Russian
crto 11 dis. Spanish Passive have declined
i
_! +.ll
'0 20 1; and the Certificates /, to 13 -}. Mexi-
k;an remain at 15
W_Continued depression has prevailed in the Rail-
at7 Share Market. Great Northern and London
1, ut Brighton have each declined 2 ; South Eastern
2 i Lancashire and Yorkshire, 1f ; South Western,