The Sun.
London, England, 1866-08-02 00:00:00

ZIONEIP lARKET

AND
COMMERCIAL ENTELL tclF, tr

TWELVE o'CLocs.
Theo fficial rate of discount at the Bank of Eng-
land is continued at 10 per cent. A notification to
this effect has just been made by the authorities to
the large
number of people who were assembled
within the precincts of the establishment in anxious
expectation to hear that a reduction of at
least 1 per cent. would have been made. The
majority of the commercial classes, however,
aho regard the position of the institution from
Public point of view were not disappointed,
because it was foreseen that, previous to an altera-
tion, the reserve of notes required to be considerably
increased. For the moment the money market is
quiet, owing to the securities which have been held
over in anticipation of a change. The demand for
acconnnodation, however, is likely to increase,
especially as provision will have to be made for the
b
i .
lls arriving at maturity on the 4th—next Satur-
day

, The last week's railway receipts, ascertained up
ido this day, are in round figures as under
186 G. 1865.
Great Western 81,685 76,778
North Western
129
South Western
Brighton
Midland 26,510 29,924
South Eastern 51,430 50,86831,310 31,663
Great Northern
42,485 38,922
Lauca
48,637 44,560
ster and Yorkshire
Bristol and Exeter
North Eastern 72,818 71,792
8,440 8,259
anchester Sheffield, and Lincoln 20,413 20,398
Great Eastern
London and Chatham and DoTer 14,672 14,137
These returns, when compared with those of the
corresponding period of last year, are, in several
instances, of an unfavourable character. On the
Great Western, however, there is an increase of
£4,907 ; on the North Western of £879 ; on the
Midland of £562 ; on the Great Northern of
£3,563 ; on the Lancashire and Yorkshire of
£4,077 ; on the Bristol and Exeter of £lBl ; on
the North-Eastern of £1,026 ; on the Manchester,
Sheffield, and Lincoln of £l5 ; and on the London,
Chatham, and Dover of £535 ; while the South-
Western shows a decrease of £645 ; the Brighton
of £3,414 ; the South-Eastern of £363 ; and the
Great Eastern of £486.
The General Credit and Finance Company of
London (Limited) announce that Definitive Certi-
ficates are ready to be exchanged for scrip of the
Imperial Ottoman Loan (Five per Cent.) 1865.
At the meeting held to-day of the shareholders
of the London and County Bank, the report pre-
sented recommended the usual dividend of 6 per
cent., together with a bonus of 5 per cent. for the
half-year, which is equal to 22 per cent. per annum.
A balance of £17,468 is carried forward.
The ordinary general meeting of the shareholders
of the City Discount Company was held to.-day.
The report presented recommended a dividend of
2s. 6d. per share, free of income tax, which will be
rather more than 10 per cent. per annum ; and to
Carry forward to new Profit and Loss Account
£771 14s. 9d.
The sum
of £7,000 in gold was taken to the Bank
Yesterday,
making a total of £168,000 in the week
since the date of the last return, while the with-
drawals for exportation have been £lB,OOO.
The bar silver brought by the West India packet
atbeen
St 600. disposed of for shipment to the Continent
per ounce, which has been about the
current rate for some days past.
The dividend on the Four per Cent. Turkish loan
guaranteed by
England and France was paid yes-
l.claY. It appears, however, that a sum of £65,800
required to pay off the bonds drawn in accordance
Zvith the regulations for the sinking fund has not
provided by the Ottoman Government. It is
for said that even the dividend money was not all
t°rtbeonling, but has been made up by the guaran-
,eeing Governments. Representations are confi-
dently
expected ently
les
put forth that the amount may shortly be
"
but the irregularity in such a case as this
a fatal,
symptom, and furnishes a further strong
I;3lnolentary on the glowing pictures of future
kish prosperity constantly presented a few years
back by British officials in Parliament and else-
where.
As the price of the Guaranteed Stock is
about par' the non-fulfilment of the stipulation re-
tailig
the sinking fund is not hurtful to the
12,:lciers• The guaranteeing Governments who are
tb-ild in case of Turkish default to continue paying
errdividends are the sufferers.
The suspension has been announced of Mr. Ed-
Tard Tiernan, of Great Tower-street, engaged in
heea trade, with liabilities for £30,000 or £40,000.
assets are said to be small.
toThe North British Daily Mail of yesterday an-
telinees the stoppage of Mr. David Law, sole part-
an'a°f the firm of Edington and Sons, ironfounders
engineers, of Glasgow. The estimated liabilities
are p 232,000, and the assets £120,000. The stop-
patuge appears to have been directly caused by the
wisapension of Messrs. M'Ewen and Bryson, on
Q 79813 estate it is said Mr. David Law ranks for
F °°°. A meeting of creditors is called for
ridy.
Airl'he Bank of England have given notice that on
e e°ll4aY, the 3d of September, the New Three per
37eattrts.) Reduced Three per Cents., Annuities for 30
4/inuities for terms of years, and India Four
Per duCents. will
be transferable without the dividend
transfer the 10th of October next ; also that the
da books of Bank stock will shut on Wednes-
th th 6 12th of September, and open on Thursday,
Vith of October.
v 'the biddings for £350,000 in bills on India took
Dortle?? yesterday at the Bank of England. The pro-
allotted were-to Calcutta, £231,450 ;to
madras, £5,600; and to Bombay, £17,900. The
11Inuna prices were as before-1-Is. 10d. on Cal-
,.ta and Madras, and Is. 100. on Bombay, at
;"alch rates allotments were made in full. These
,nits show the demand for the means of remit-
tance to the East to be still extremelylight, although
the amount taken is a little in excess of that uon
the last occasion. p
In the matter of Overend, Gurney, and Co.
shareholder
the case of Mr. Henry Grissell, who is a
of 80 shares, and a depositor of
£16,000, was taken by Vice-Chancellor Kindersley
Yesterday as representing that of the class of de-
positors who are also shareholders. The Vice-
Chancellor decided that, according to present law,
Mr. Grissell is a partner, and as such can receive
to part of his deposit until all the other creditors
are paid in full, but must meanwhile pay calls upon
his shares. Considering that the remaining liability
of Mr. Grissell on his share is fixed at £2,800, and
that the debt due to him by the company is £16,000,
the hardship of his position is most striking, and will
'arnish another warning to the public to have as
little to do as possible with any limited companies
o
4, which any portion of the capital remains un-
called.

CThe following Bombay telegram, dated 23d July,
o lust been received by Messrs. W. C. Sillar and
bill. --Exchange on London for a first-class Bank
6 months' sight, per rupee, is. Hid ; the Cal-
cutta rate for do., per rupee, 2s. ; exchange on Cal-
eeti to at
:14. sight, 101 i to 104 ; Government 4 per
1u• Paper, 89irs. ; do. 5 per cent., 106irs. ; do.
count Per cent., 111/rs.; Bank of Bombay rate of dis-
bar 12 ; bar gold, 99i touch, 16-6 rs. per tola ;
to t silver, l7 to 17i betternes, 103irs. per 100
g the2,ooo bales cotton sailed from Bombay Bur-
fortnight. Piece goods active.

Two O'CLOCK.
„ At th
Atetv. e Paris Bourse, this morning, according to
vers3
45,. wigrarn, the per cent. Rentes were 69f
cline the market for Consols there has been a de-
reut °f per cent. compared with the prices cur-
Yesterday afternoon. The stagnation of busi-
gas ell speculative account and for investment are
84,,1 eallsee of the prevailing depression. At the
eidti ale the market may, on the whole, be' con-
k:red strong and healthy. Consols are for the
Haut 81 i for money, and 88k I for the ac-
lNie lit' At the last moment the latest prices of
ditto Threes are 87 i; India 5 per Cents., 103 ;
04, flfaced 5i per Cents., 106; ; and ditto
At"' 18s• prem. ;
4cist the Exchequer Bills, 4s. 3s. dis.
Foreign Stocks are at fractionally