The Sun.
London, England, 1866-12-17 00:00:00

MONEY MARKET

AND

COMMERC!.L s,v.XT,LIGENfIE,

TWELVE O'CLOCK.

There is a full demand for discount accommoda-
tion, and the rates are very firm at about 4 per cent.,
with a few transactions fractionally lower.
Gold to the amount of £4,000 was received at
the Bank of England, on Saturday.
The "Aleppo" has arrived from New York with
£26,700 in specie, and the " Africa," from Boston
and llalifax, with about £4,000.
The London Agency of the Imperial Ottoman
Bank has received telegraphic advice from Con-
stantinople that the official announcement by the
Turkish Government of the payment of the divi-
dend, due 13th January next, on the general debt
(Five per Cent. Stock), .is on its way to London.
Messrs. J. Thomson, T. Bouar, and Co., have
notified the payment of the half-yearly dividend,
due on the Ist January, on the Peruvian 4i per
Cent. Loan, 1862 ; also on the Consolidated 5 per
Cont. Loan, 1865. The fourth half yearly redemp-
tion at par of bonds, amounting to £269,200, will
be drawn on the Ist January, making a total of
£1,038,100 redeemed.

Advices from Manchester announce the failure of
Messrs. James Schofield and Son, cotton spinners,
of Oldham. The liabilities are stated to be about
£30,000 to £40,000.
The letters of allotment of the shares in the
Liquid Metre Company were posted on Saturday
evening.
The general business of the port of London last
Week continued dull. At the Custom House 221
vessels were reported as having arrived from foreign
Ports, but there were no arrivals from Ireland. The
entries outwards comprised 90 vessels, and those
cleared were 122, _of which 23 were despatched in
ballast. The departures for the Australian colonies
have been 4 vessels, viz., 1 to Sydney, Ito Port
Philip, and 2 to New Zealand, with an aggregate
tonnage of 2,277.
From the manufacturing districts the accounts
for the past week have been of a varied character.
At Manchester a firmer tone has prevailed, and a
fair amount of business has been done in both cloths
and yarns, at fully late rates. In the woollen trade
of Leeds, Bradford, and Huddersfield there has not
been much animation, the operations entered into
having been merely to supply immediate home re-
quirements, and prices have not varied to any great
extent. The hosiery and lace trades of Leicester
and Nottingham have been seasonably active, and
late rates have been fully maintained for useful
goods. In the hardware districts of Birmingham,
Sheffield, and Wolverhampton there has been very
little improvement, and continued activity has pre-
vailed in most departments, the orders received being
chi* confined to immediate home demands.

Two o'CLocK.

, According to Reuter's telegram from Paris to-
aaY, the French Rentes were 68f. 95c. ex coupon.
Firm.
Last week there was an advance of no less than
Per cent. in the marketaLle value of Consols-4
belng added on Saturday to the improvement—but
this morning there have been a few sales to realise
Profits
and a fractional relapse has ensued. The
latest quotations are 88j 89 for money, and 89 for
the account.

In the Corn Market, to-day, there was a very good
attendance, and a fair amount of business has been
'lone in home-grown wheat, at an advance of Is.
Per quarter. Foreign wheat was also held for a
similar advance in price.
In the Foreign department of the Stock Ex-
alange business is still limited, though prices have
ghtly improved. Turkish 5 per Cents. have ad-
vanced 4, to 324 334 ; Greek, 4, to 134 144 ;
Italian, 4, to 554 56 ; Spanish Passive, 4, to 204 I ;
and the Certificates, 4, to 134 14. Mexican Bonds
remain firm at 184 4.
The New Russian Loan is firm at 1 4 prem.
Atlantic and Great Western Railway Debentures
are steady at 55 to 57, and the Consolidated Mort-
gage Bonds at 42 to 424.

Business in the Railway Share Market has con-
tinued very quiet, although in some instances prices
are a. shade firmer. Great Western and North-
Western have improved each ; London, Chatham,
and Dover, and South Eastern each f ; and Great
Eastern and Metropolitan each £1 ; while Great
Northern have declined 4.
The Foreign and Colonial lines show little change
°f importance. South Austrian and Lombardo-
enetian are marked 154 ; Great Indian Peninsula,
,I°6l ; East Indian, 105;106} ; and Bombay and
isaroda, 1021 1021.
Bank Shares are very dull. Alliance are dealt in
at 17, London Chartered of Australia at 214, Me-
tropolitan and Provincial at 101, and Union of
Loudon at 431 434.
In Finance and Miscellaneous Shares there has
'een no material change. National Discount Com-
pany are marked 144 14;, General Credit 34
Credit Foncier of England 24 4, City Offices 1; j-,
Anglo-American Telegraph 15; /, and the Viceroy
Egypt's Loan has improved to 744.
American Securities are unchanged in value.
Erie Shares are 474, Illinois 774 78, and United
States 5-20 Bonds 71 4.

M exicar. 3 per Cent
I )o. Account

:- ,-,. 1864 134
Do 6 per Cent. Anglo-Freoo;-, —
~lontevidean 6 per Cent. .. —
Iloorish Imperial 5 per Cent
sjew Granada l3i
Do 3 per Cen, —
Do. Deferred
Do Land Warrants (Hectares)
'eruvian 5 per Cent., 1865
Do Account 69} k 9
Do 41 per Cent. (Uribarren)
Do 44 per Cent., 1862
Do Account
Portugueso 3 per Cent., 1853
Do 3 per Cont., 1856 '7, '9, '6O, '62, '3 43}
Do. Account
Russian 5 per Cont., 1822, £ St —
Do 41 per Cent. 1850
Do 41 por Cent., 1860

86 51 I 1

Do 3pet Cont. 1859
Do 5 per Cent. 1862
Do 5 per Cent. 1861
Sardinian 5 per Cunt
Do. Account
3pinish 3 per Cent
Do Account
Do New Deferred
Do Account
Do Passive
Do Accaunt 2Ol
Spanish Cert. of Coup not funded
Do Account l3l

361 7}

Swedish 4 per Cent.

Do. 41 per Cent. 1864
Do. Scrip, £6O paid
Turkish 6 per Cent. 1854 —

Do. Account

Do 6 per Cent. 1858
Do. Account
Do XlOO Bonds 63
Do 6 per Cent. 1862
l-Do Account 5B-

Do £lOO Bonds
Do 6 per Cent., 1863..
Do 5 per Cent., 1865 ....
Do. Account
Do. 4 per Cent. Guaranteed 9Bl 91
Venezuela 3 per Cent.

~589

Do Account —
Do 6 per Cent., 1862 —
Do Account

Do. 6 per Cent, 1864 2B 71
Ditto 11 per Cent —
Dividends on the above payable in London.
Austrian, 5 par Cent., Ex. 10 Florins
Belgian. 4-} per cent., Ex. 25f.
Dutch '23. per Cent. Ex. 12 Guil,
Do. 4 per Cent. Certificates ..... —
French Routes, 3 per Cent., Ex. 25f. —
Italian. 3 per Cent. 1831, Ex. 25f.
Do. 5 per Cent. Account 56 1
THREE O'CLOCK.
Consols, Money
Do. Account, Jan. B9} i xd

The Loss of the Ceres Screw Steamer.

OFFICIAL REPORT.

Greenwich Police Court, Dec. 10.

Report of the circumstances attending the loss
of the screw steamship Ceres, on the 10th of No-
vember, 1866, on Carnsore Point, on the Wexford
coast :—The Ceres was an iron schooner-rigged
screw steamer, of 580 tons gross burthen, 100-horse
power, the property of Messrs. Malcolmson and
Brothers, of Waterford, and employed in the London
and Dublin passenger and goods trade. She had
a crew of 26, all told, and was commanded by W.
Pascoe, who holds a Board of Trade certificate of
competency as master. The Ceres left London at
10 a.m. on Nov. 7 last, on her passage to Dublin,
with a general cargo and passengers, and after touch-
ing at Portsmouth, Southampton, and Plymouth,
and Falmouth, took her departure from the last
named port at 12.35 a.m. of the 10th, and was off
the Longships at the distance of a mile about 5 a.m.
Here her course was laid at N.N.E. by the compass
on the bridge, by which she was steered, the bin-
nacle :compass varying half a point more to the
northward. The weather was fine, and the wind
moderate about S. by W. till noon of that day, and
the ship was going at the rate of 10 knots an hour
under sail and steam. About noon it began to
blow, with rain, and this state of the weather in-
creased as the day advanced, so that the Smalls
Light, which must have been passed aboat 3 p.m.,
was not sighted. At 4.20 the patent log (Massey's);
which had been put overboard when off the Long-
ships, was taken in, and showed 103 miles, which,
allowing 10 per cent. for correction, made a run of
113 miles from the Longships. At 5.30 the main-
sail was taken in and double reefed, and at 5.40 the
master ordered the course to be altered from N.N.E.
to N.E. by N. At 6 p.m. the engines were slowed
to half speed, and at 6.20 the master directed the
chief mate to haul in the log, read it off, and
set it afresh ; but whilst this was in the act of
being done, the ship got among the breakers about
a mile inside Carnsore Point, ou the Wexford coast,
and in a few minutes broke asunder just before the
stoke hole in the engine room. As the ship took the
ground forward, those who were in the fore part
when she broke in two were enabled to reach the
shore when the tide ebbed, and in this way 13 pas-
sengers and 13 of the crew were saved ; but 11 of
the crew and, as is believed, 29 passengers who were
ou the after part of the ship, were drowned. Carn-
sore Point, where the Ceres was wrecked, is a meri-
dional distance of 20 miles from the position in which
she was supposed to be at the time she went on
shore. To account for this great deviation, it is sur-
mised that there was an error in the bridge compass
by which the ship was steered. There is, however,
no evidence of such error, and if it had existed it
would in all probability have been discovered in the
previous part of the voyage, when making the ports
of Portsmouth, Plymouth, and Falmouth, or in
sighting the Longships. It is, indeed, possible that
the ship may have been carried westward of her
course by the tide, which was ebbing from 5.30 a.m.
till past midday. It is precisely to counteract the
risks of accidents from defects of compasses, influ-
ences of tides or currents, or such other unforeseen
contingencies, that the use of the lead is so indis-
pensable when the weather is so thick that objects
cannot be seen; and therefore, from whatever
cause the deviation in this case arose, it will not
furnish an excuse for the neglect to take sound-
ings. The Smalls Light was not sighted, and the
master ought to have known that he was much to
the westward, inasmuch as, at the time he passed
that lighthouse, the weather was sufficiently clear to
see a distance of some miles. It was, therefore, his
duty to have sounded—at all events before running
his distance as far as the Tuskar —as, in the then
state of the weather, he could not have expected to
sight that light at any considerable distance.
There is the less excuse for this neglect, as the
proper channel from the Smalls to the Tuskar
is marked by a well-defined line of deep sound-
ings. A glance at the chart would have shown
the master that, if the soundings shoaled under
40 fathoms as he proceeded, he was running into
danger. Had, therefore, a cast of the lead been
taken at 5 20 p.m., when the mainsail was reefed,
or afterwards, at 5.40, when the ship was hauled
up a point to the eastward, or, lastly, when the en-
gines were slowed to half speed, 10 minutes or a
quarter of a hour before the ship went on shore, he
would have been warned of his danger in time to
avoid it. The Court was, therefore, compelled to
come to the conclusion that the loss of the ship
must be attributed to the default of Captain Pascoe
in not using his lead, which the circumstances of
this case imperatively demanded, and adjudged that
the certificate of Captain Pascoe be suspended, and
it was thereby suspended, for the period of two years
from the sth day of December inst. The certificate
of Captain Pascoe was lost in the wreck. Several
very high testimonials of character were put in on
his behalf, to which, had this been a case that would
have permitted it, the Court would have given due
weight.

ADVICE.—A man advertised lately to forward
on receipt of postage stamps, "sound practical advice, that
would be applicable at any time, and to all persons and
conditions of life." On receipt of the stamps, he sent his
victim the following:—"Never give a boy a penny to watch
your shadow while you climb a tree to look into the middle
of next week."—American Paper.

ALARMING ACCIDENT ON THE GREAT WESTERN
RAILWAY.—On Friday an accident (re:an-red on the Groat
Western Railway, at Reading, which jeoparised the lives
of the passengers by the 11.50 mail train from Swindon.
Some trucks were being shunted near the Beading Station,
when one of them broke away, and ran down the line some
distance. Every effort was made to shift the truck, but
this could not be done until the train approached. The
result was a collision, and the engine was thrown off the
metals, and became deeply embedded in the earth. The
passengers were much shaken and alarmed, but fortu-
nately none were seriously hurt. The engine was consi-
derably damaged, and a number of men were occupied
several hours in clearing the line.
BUSHEY PARK.—It is understood that Lord
Alfred Paget and family, will leave Melford-hall, Suffolk,
soon after Christmas, her Majesty having granted his lord-
ship the Great Lodge at Bushey-park, which wits tit one
time occupied by the Duke of Clarence,