The Sun.
London, England, 1866-12-19 00:00:00

MONEY MARKET

AND
COAIMETtOnL [NTELLIG,ENC)„,

TWELVE O'CLOCK.

_ .
There has been a steady demand for discount
accommodation all the morning, and the same
facilities have been afforded as for some days past.
The sum of £3,000 was taken to the Bank of
England yesterday.
The Stock Exchange Committee have appointed
Thursday, the 20th inst., a special settling-day in
the scrip of the Russian Anglo-Dutch 5 per cent.
Loan, which is, " to be marked as fully paid up."
Atlantic and Great Western Railway Debentures
are steady at 54 56, and the Consolidated Mort-
gage Bonds at 41;1 42-i.
At the hearing of the order obtained by some in-
finr:ntial creditors of Ovcrnd, Gurney, and Co.,
Vice-Chancellor Malins decided that a distrib ,tion
of 4s, in the pound should be made, representing
£BOO,OOO, leaving £450,000 in the hands of the
liquidators, as a reserve to arrest the claims of those
shareholders who dispute their liability, and that
early in January he will, with the approval of the
Court above, order a safe investment of the monies
that may from time to time be realised.
Notice has been given that the coupons on
the Atlantic and Great Western Railway, New
York Division First Mortgage Bonds, and on the
Pennsylvania and Ohio Division Second Mortgage
bonds, will be payable on Jan. 1, at the rate of 4s.
to the dollar.
A general meeting of the London and Liverpool
Rotel Company, will be held on Friday, the 21st
inSt., at the offices, 39, King-street, Cheapside.
The traffic receipts on the Midland Railway for
the week ending the 16th Dec. amount to £47,042
against £49,674 in the corresponding period of last
Year, and show a decrease of £2,632. On the
Metropolitan the receipts for the week have been
£4,529 against £3,103 in the corresponding period
Of 1865, exhibiting an increase of £1,426.
An important addition to the mercantile facilities
of Rangoon has just been completed by the enter-
prise of Mr. Hopper. A floating dry-dock has been
constructed, capable of repairing the largest ships
48 effectually as in Calcutta. The length is 300
feet by 70 broad, 50 feet gate entrance, and the
dock can be sunk to a depth of 15 or 16 feet, so
that vessels of the largest size, or two of 500 tons
each, can be taken on. It is built with water-tight
Compartments, and fitted with centrifugal and force
Pumps, capable of ejecting 9,000 gallons of water
Per minute, and in three hours the dock is float-
ing clear for the necessary operations of repairing.
The following notice was yesterday posted in the
Stock Exchange

"Committee-room, Dec. 18, 1866.
" The following resolution was confirmed on the 17th
instant :

" Russian Three psr Cent. Loan, 1859.
Resolved,—From the correspondence between Mess: s.
baring Brothers and Co. and the Finance Minister of Russia
I,t appears to the committee that the interpretation put by
the Russian Government on Clause 6 in the Bonds of the
Three per Cent. Russian Loan of 1859, relative to the ap-
Plieation of the sinking fund for the redemption of such
I?au, has been that the purchases should be made at such
gales and to such extent as may be found convenient by
the Russian Government. It appears further, frcm the
same correspondence, that a portion only of such sinking
,
has up to this time been applied, but that the obliga-
tt°4 to continue such purchases (for which a reserve is
the
in the annual budget) will certainly be fulfilled by
'llO Russian Government.
The committee take note of the explanation so given
although in their opinion the obvious and generally ac-
epted meaning of the conditions of the Three per Cent.
LOau is, that the purchases for the sinking fund should be
blade annually.'—By order,

(Signed) "FRANCIS LEVEN, Secretary, C.G.P."
The prospectus has appeared of a very important
association. It is the " Belgian Public Works
Company," capital £350,000 in 35,000 shares, £lO
each, and introduced to the public by the Credit
roncier of England. The first issue is 25,000 A
Preference Shares of £lO each, bearing 8 per cent.
interest, and redeemable at £l5 per share. The
board comprises Mr. Frederic Doulton, M.P., Mr.
Albert Grant, M.P., Lieutenant-Colonel Edward
Neville, Mr. Edward Warner, M.P., and others.
7be brokers are Mr. Francis Cope and Messrs.
-rrice and Devot. The object of the company is to
carry out the concessions granted by the Municipal
Council of Brussels, in concert with the authorities
Of the province of Brabant and the Belgian
Government, for the drainage and coincident im-
provements of the capital of Belgium. The mag-
nitude and value of the concessions obtained will
be understood by the fact that they include sub-
sidies to be received by the company in cash,
and annuities of the value together of
26000,000 francs, or £1,040,000 sterling, which
bare been voted by all the authorities and sanctioned
,_
11 the Crown. The importance of the undertaking
has been proved by the protracted official debates
ill the Brussels Municipal Council, and also in the
Belgian Chambers and Senate, on the subject, and
/.3,3' the special report thereon from Lord Howard
de Walden, her Majesty's Minister Plenipotentiary
at Brussels, transmitted by the Earl of Clarendon,
through Sir George Grey, to the Metropolitan
poard of Works in London. The privileges at-
tached to the respective share capital are as follow :
The A Preference Shares are to be redeemed out.
°f the assets of the company by drawing by lot, and
each share paid off at £l5 per share, being a bonus
of,, L 5 per share. The drawings will take place on
the following dates, viz. :—On the 22d January,
1870, 6,250 shares ; ditto, 1871, 6,250 ; ditto, 1872,
6'250 ; ditto, 1873, 6,250 shares—total shares,
25,000. Until so drawn and paid off each share to
bear interest at the rate of 8 per cent. per annum,
payable half-yearly, on Ist January and Ist July in
each year, for which interest warrants will be
attached to the shares.
Alessrs. James Barber and Co., whose unfortu-
nate suspension we bad to announce in our columns
Yesterday, are making up their books under the
Management of their own efficient staff of clerks.
Great sympathy is expressed at this sudden col-
lapse of an old and highly respectable house.
The third ordinary general meeting of the Lon-
ru and Liverpool Hotel Company (Limited) will
be held at the offices of the company, 39, King-
street, Cheapside, on Friday, the 21st inst.
The coupons on the Atlantic and Great Western
railway New York Division First Montgage
cilds, and on the Pennsylvania and Ohio Division
'Second„. Mortgage Bonds, are payable on the Ist of
January, at the rate of 4s. to the dollar.

Two O'CLOCK.
According to Reuter's telegram from Paris to-
day., the French Rentes were 69f. 00e.
The Crown agents for the colonies have invited
than
for bills on Ceylon, to be sent in not later
an Saturday, the 22d inst. The amount required
ih
44
£25,000.
The decline of / per cent. in Consols at the close
°I business yesterday has been recovered to-day,
411c1 the latest quotations are therefore 891 1 for
11).1°11eY, and 891 1 for the account. There is very
e speculation in progress, and the investments
e not numerous enough to produce activity. The
Sea' Threes and Reduced Annuities are 881 ;
t chequer Bills, 6s. prem. ; Batik of England
I,,t°clc, 249 250 ; India 5 per Cents., 1071 ; ditto
°faced 5 per Cents., 99:1 ; and ditto Bonds, 255.
kern.
of The Foreign List records a very limited number
ti transactions, and the variations are merely frac-
-413°,44e. 1 nevertheless the tendency has been favour-
: Turkish 5 per Cents. have advanced /to 321
h and Spanish Certificates, /to 131 I ; Greeks
ve declined /to 13 14 ; and Mexican arc steady
at
The
; and Spanish Passive at 20 1.
New Russian Loan remains firm at 1 prem.
In the Railway Share Market there has been a
return iirn of depression, prices in most instances having
geded• Lancashire and Yorkshire have receded 1 ;
eat Eastern, Great Northern, North \Vestal],
atir
Metropolitan
South Eastern each ; Great -Western and
each 11 ; and Midland 11.
aet, Th e Foreign and Colonial lines remain very in-
-19 Ive• Bahia and San Francisco are dealt in at
1751, South Austrian and Lombardo-Venetian at
; East Indian at 106 106-1 ; and Great Indian
Indian
at 1051 +.
4:1le transactions in American Securities to-day