The Sun.
London, England, 1866-07-19 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

TWELVE O'CLOCK.
SUSPENSION OF THE PRESTON BANKING

COMPANY.

PRESTON, Thursday Morning.
The Preston Banking Company, which was esta-
blished in 1844, suspended payment this morning.
The following notice appeared upon the outside door
about 9 o'clock :

" It is with extreme regret that I have to inform
the public that, owing to temporary difficulties, the
bank is compelled to suspend payment.

" JOHN GILLOTT, Manager."
The Preston Banking Company was established
in 1844, had a paid-up capital of £lOO,OOO a
reserve fund of £65,672, and the last divi-
dend was at the rate of ten per cent.
and a bonus of 10 per cent. It had eight
branches. "lead office, Preston ; branches, Lan-
caster, Ormskirk, Southport, Blackburn, Garstang,
Blackpool, Lytham, and Fleetwood. It was not a
bank of issue. The Union Bank of London were
the London agents.

The weekly court of the Directors of the Bank
of England has been held, and it has been notified
that the rate of discount will continue at 10 per
cent. No alteration was expected, and the result
has not occasioned the least surprise. The con-
tinued outflow of bullion, and the desire still evinced
by country bankers to keep notes in reserve were
known to speak prejudicially against the position of
the Establishment, and to lead to the inference that
the present minimum would be adhered to. The
demand for accommodation is moderate, and the
rates in the specie market range from 8 per cent.
for the best commercial paper.
A meeting of the creditors of Messrs. W. Rattray
and Co., of London and Barbadoes, has been held.
After a full explanation as to the position of the
estate, given by Mr. White, accountant, a resolution
was carried unanimously, sympathising with the fam
and agreeing to liquidate under a deed of inspection,
the inspectors being Messrs. Scrutton, Maud, and
Slater, and Mr. White. The debts were stated to
amount to £69,648, and the assets to £53,127.
The bullion operations at the Bank of England
yesterday comprised a withdrawal of £42,000, and
an influx of 15,000 sovereigns from Alexandria.
In the Silver Market the price of bar silver has
declined to ss. lid., and of Mexican dollars to
4s. 111 d. per ounce, in consequence of the demand
for Germany having almost entirely ceased.
The biddings for bills on India took place yes-
terday at the Bank of England. The proportions
allotted were —To Calcutta, 10,27,000r5.; to Madras, '
50,000r5. ; and to Bombay, 20,000r5. The minimum
price wtts as before, Is. Iod. on Calcutta and Madras,
and 1s: 100. on Bombay, at which rates allotments
were made in full.

The last week's railway receipts, ascertained up
to this day, are in round figures as under :

1866. 1865.
Great Western
North Western
South Western 30,513 30,245
Brighton
Midland
South Eastern 28,109 26,811
Great Northern
Lancaster and Yorkshire
Bristol and Exeter
7,463 7,627
North Eastern 71,680 68,682
Manchester, Sheffield, and Linc01n.....,,,. 20,321 18,470
London and Chatham and Dover
Great Eastern

These returns, when compared with those of the
corresponding period of last year, are generally
of a satisfactory character. On the Great Western
there is an increase of £4,868 ; on the North-
Western of £3,373 ; on the South-Western of
£268 ; on the Brighton of £473 ; on the Midland
of £3,651; on the South-Eastern of £1,298; on
the Great Northern of £715 ; on the Lancashire
and Yorkshire of £4,216 ; on the Manchester,
Sheffield, and Lincoln of £1,851 ; on the North-
Eastern of £2,998 ; and on the London, Chat-
ham, and Dover of £1,116 ; while the Bristol
and Exeter shows a decrease of £164.

Two O'CLOCK.
At the Paris Bourse, this morning, according to
Renter's telgram, the 3 per cent. Rentes were 68f.
45c. Firm, little doing.
The Money Market has closed quietly at previous
quotations.

A few sales of Consols have taken place, result-
ing in a decline of about 1-16th per cent., viz., to
87+ to 88 for money, and to 88+ to 8 for the ac-
count. The stringency of money and the war tele-
grams from the Continent continue to restrict spe-
culations and permanent investments.

The New Threes and Reduced Annuities are 871
to / ; India Stock, 209 ; ditto 5 per Cents, 1031 ;
and ditto (enfaced paper), 100.
All the principal foreign stocks show firmness.
Turkish 5 per Cents. have risen / to 278 I; Mexican,
to 15/ ; Spanish Passive, to 19/ 8 ; while
Greek have receded to 101 118 ; Italian, 4to 52f
53 ; Spanish Certificates remain at 14 I ; and the
Brazilian Scrip, at 2} dis. American Securities
have been steadily supported. United States 5-20
Bonds have declined 8t064 4 ; Erie shares, to
421 ; while Illinois have advanced a to 77fr
Only a moderate amount of business has been
done in the Railway Share Market, but greater
firmness has prevailed. Great Eastern, Great Wes-
tern, Brighton, and Metropolitan have each ad-