The Sun.
London, England, 1866-11-08 00:00:00

rifONEY MARE

AND

COMMERCILL INTELLIGENCE.

TWELVE O'CLOCK.
REDUCTION OF THE BANK RATE OF

DISCOUNT.
The directors of the Bank of England have
lowered their minimum rate of discount from 4} to
per cent —a measure which any one intimately
acquainted with monetary and commercial affairs
roust have regarded as a certainty this week or the
Ilext• An accumulation of gold, a contracted note
circulation, and a considerable decline in the dis-
count business of the establishment, the authorities,
le the interest of their constituents, have been com-
pelled to follow the general market and the state of
supply and demand.
The operations at the bullion-office of the Bank,
!).,f England yesterday comprised a withdrawal of
15.7000 sovereigns for the Brazils, and 10,000 sove-
reigns for transmission to Egypt ; there was also an
leaux of £Bl,OOO in bar gold.
The bills of Messrs. Dent and Co., of Shanghai,
have been returned by the London agents of the
firm, Messrs. Dent, Palmer, and Co., who are other-
!lse entirely unconnected with them. In connee-
'iee with China other embarrassments are spoken
of, but they are generally considered groundless.
The biddings for bills on India took place to-day
at the Bank of England. The proportions allotted
were—to Calcutta, 14,58,000 rs. (£145,800) ;to
Ilaciras, 42,000 rs. (£4,200) ; and to Bombay,
12,k
-71000 rs. (£128,700). The minimum price was
fixed at is. 111 d. for all the Presidencies. Tenders
Calcutta and Madras, at ls. 11id., will receive
aboutf,, 80 per cent., and on Bombay, at ls. 110.,
full,
Above these rates in full.
to
week's Railway receipts, ascertained up
this day, are in round figures as under :
Great
1866. 1865.
W t 72,330 68,702
liorth es ern
t°.tita WesternVtern
'rightNon

itte.ighton.
23,159 214305
141 and
tilianth Eastern 25,007 23,275
t,reat orther?,
tr'iasteoaslaire and Yorkshire 43,072 38,958
Nort,l and Exeter 6,696 6,434
)44 Eastern 73,526 69,060
Great aster, Sheffield, and Lincoln 21,805 20,699
Ism '443tern
rt.,°n, Chatham, and Dover 10,275 8,788
nj'ltese returns, when compared with those
"4 the corresponding period of last year, show
;tee very satisfactory results. On the Great
%tern there is an increase of £3,628, on the
North Western of £6,866; on the South Western
of vQA
„„,"'''3, on the Brighton of £1,851, on the Mid-
-1,7t she
£4,900, on the South Eastern of £1,732,
4111. the Great Northern of £1,938, on the Lanes-
Ire and Yorkshire of £4,114, on the Bristol and
t'hlete,rr of £262, on the North Eastern of £4,466, on
kanchester,
ChathSheffield, and Lincoln of £1,106, on
11e Great Eastern of £3,779, and on the London,
anl, and Dover of £1,487.
of Great dissatisfaction was felt here on the rumour
Railway new issue of debentures by the South Austrian
vitiblvaY (Lombardy) of 200 million francs. Not-
Itaricling that this line, in connection with the
‘;'ian. branches, is the largest railway of the Old
'v erld
' and has also connected with it the greatest
Power in
4- the
England
have
hardly financial world, still America and
fa
shown the ruinous plan of these
t c receipts.
'lOllB emissions of debentures at low rates, which
r a M
ever be redeemed out of the regular
last h„,e Gc'vernment Emigration Board issued orders
th„ "elt to the inspecting officers in London and
er:i:utports, to the effect that all passenger and
auT:l'aut ships, before proceeding to sea, must be
jurt'ed with M'Dougall's Disinfecting Powder,
proper quantities, with instructions.

Two o'CLocK.
list ess in the hide and skin markets during the
6:1,"ce14 has continued moderately active. Messrs.
vervvei
Pert I, Brooks, and Co., in their circular, re-
euh that for some descriptions of hides slightly
e,,tx is"eu prices have been obtained. South Amer
in 'nye remained at steady rates, while fair
ht
deal-
declinege have taken place in East Indian at a slight
have in previous quotations. Australian hides
e been in
I Per lb L good demand, and may be quoted +to
celiatie -"igher, while in Cape, Russian, and mis-
of ii„2113 descriptions there has been little change
,--Tortanee.
slight •
for thlncrease has taken place in the demand
coa;eacY since the alteration in the rate of dis-
h 447> because a large amount of mercantile paper
o'eell kept back in anticipation of the event.
rat Wing to augmented- supply of bills the present
foredor first class bills range between 31 per cent.
t
cerrheY• The joint stock banks have made a
The folio din The
change.
INia.le wing
notification has been issued by the
ro,e-al Discount Company, Limited :—The
410;PanY is. now allowing the following rates for
re, On deposit, viz. :-3 per cent. per annum,
notice 011 demand ;3+ ditto, at seven days'
; 34 ditto, at fourteen days' notice.
th'&cnording to Renter's telegrarafrom Paris to-day
the ;cording
Rentes were 68f. 85c. •
a;'11 advance of per cent. has taken place in the
-tee of Consols, their present quotation being 89i
'43r transfer, and 891 (ex dividend) for the ac-
%net
haj, • The easier condition of the money inarket
bli;brought forward a large number of speculative
ciallelB, and as prospects, politically and commer-
• the'Y' are good, it is rather surprising that
re i 8 not greater activity among the. ope-
toarat°ll3. time bargains. Bona fide invest-
vuo,,
la, • are comparatively scarce, because they have
Zith''l subscribed to the enterprises introduced
it- la the last year or two, and are now keeping
hehaPPle store of money to meet calls and appdrea_
t0,,,;e-cl calls, adroitly arranged by official liqui
tziunder the winding-up system. The New
ee,espaarndtoneduced Annuities are 87+ ; Exchequer
246 i. ; 3s. prem. ; Bank of England Stock,
and Indian 5 per cents. 1051 106+.
Italian Stocks generally show an improvement.
Cell: has advanced I, to 54/ 55 ; Turkish 5 per
SPa 34 ; Greek I, to 131 ; and
16/11i83 assive it, to 21i 1. Mexican remain at
Abe and to
Certificates at 13414.
6-20 berican Securities remain firm. United States
i
kin rids are 681 1 ; Erie Shares, 50f 51; an
-ele at 77
Atlaat. i•
Hain le and Great Western Railway Debentures
Ilenditilßafto6,.,4l 65i, and the Consolidated Mortgage
001 01. 40i ex coupon.
Ilailb! a moderate business has been done in the
firm; Share Market, but in a few instances a
A sto' tote has been apparent. Great Northe
and,ek) South-Western, and Manchester, Sheffield,
Lincolnll
lgh ton
hile South-Eastern have declined -I, and
Ia th i•
e
I,4lateri F;reign and Colonial undertakings no
rrao .alalteration can be reported. Bahia and San
7; alletl4re dealt in at 13 Sambre and Meuse at
karked
pest Flanders at 71. East Indian are
11''toba 31 ; Great Indian Peninsula, 1061 ; and
taaltY. and Baroda 101 i.
Sh
Illieste; arcs are -very quiet. London and West-
Deratio have declined to 931 ; Oriental Bank Cor-
-411 ; to 41i 421• and London Joint-Stock to
14:46,4,11k of New Zealand remain at 181; and
11t5,,-,t)ank of Mexico at 10 11.
DrNetiellan„,..
'uo and Finance Shares continue de-
ckledto Atlantic Telegraph 8 per Cents. have re-
ea4
.4 National Discount _
e 83 • co to 141
°Rlaticitarine Insurance to 19/ ; Credit Foncier of
at 3i 4 are at 21 General Credit and Finance
; and Peninsular and Oriental Steam at 621.

MINLNG MARKET.
The!, ,
1/4,:e has been an aeTtilivueßsdeDmATandTwfoor°P'Crlinecke. of
.‘Atit-Ittlas,t, Bassett, East Caradon, Great Vor, and
~04,,,, "ell. Annexed are the latest prices :7, , ;
'how:, iriborne, 24s 26s Od ; Chiverton Moor,
;'lt' 1
8 East
t
:
'he Gold, 2i 3 ; Clifford Amalgamated, 7i
11
~,i ;
float.'4.' 72426 ; East Caradon, 5161 • East Lovell, ii
ftl,tausi,so,l73l- i; East Wheal Grenville, 6r'enville, li 21 ; Frou-
-71 181. Great
f,lliaci._-Olivia
`Gold, —; Great Lasoy, 1. 2 -
2 'OS Od ;
'4414 -' ---8 8 ; Great South Tolgus, 7s
6d
;1 North
eroft Wheal Vor, 16 17 ; Marko Valley, '
of
Vhill 278 6(1 308 Od ; North Treslaaby, 31 i ; Prince
87
43 3Chil ' South Coudurrow, —a —s Od; South