The Sun.
London, England, 1866-11-17 00:00:00

TWELVE O'CLOCK.
Rumours of financial difficulties have been re-
ported to-day, but nothing of an authentic character
has transpired, and it is believed that they are for
the most part without the slightest foundation. At
all events no difficulty is experienced by all respect-
able houses in getting ample accommodation on the
follows :—The
easy terms lately quoted. The Builionist states as
position of the Bank suggests the
probability of a reduction in the rate of discount to
31 per cent. It. is proverbially unsafe to prophesy
on any matters connected with the money market ;
but taking the Bank iu its present position, as shown
by the last return, there is no reason why the reduc-
tion should not have been made on Thursday. The
bullion has increased to £17,144,607, the reserve of
notes and coin to £8,867,763, and the reserve of
Government Securities to £12,304,391. These are
Conditions of strength unprecedented during the last
three years. And while this is the case the private
securities continue to decline until they are now but
a fraction above £19,000,000---a certain indication
of a lapsing
business. At the same time the circu-
lation, which for many months has been unusually
high, is receding to something like its normal amount.
If these tendencies continue, the Bank will have no
alternative but to reduce.
Gold to the amount of £14,000 was taken to the
Bank of England yesterday.
The traffic receipts on the Great Indian Railway
Company's lines, for the week ending Sept. 23,
amounted to £36,856, while for the corresponding
period of the previous year they were £32,997,
showing an increase of £3,859.
The directors of the Oriental Gas Company have
issued their report for the past twelve months, to-
gether with the accoants to the 30th June last. It
is stated that the operations exhibited satisfactory
Progress, and that gas has been laid on (amongst
other buildings) to the Alipore Gaol, St. Peter's
Church, and the European Orphan Asylum. By
the additional storage provided the company is in
a position to meet the increase of business for some
Years. A satisfactory termination, of negotiations
for a contract with the authorities for the supply of
gas to Howrah has been mutually agreed upon.
Paring to the rapid extension of the company's
business the directors have secured the co-opera-
tion of three gentlemen of high position and cha-
racter in Calcutta as a resident committee for the
local supervision of affairs. Notwithstanding having
placed £l,OOO to the reserve fund, and £1,085 to
wear and tear account, there remains a balance of
£l°,llB, from which the directors recommend a
distribution of 5f per cent., free of income-tax,
payable on the 3d prox., making a total dividend
for th o
e year of 81 per cent.
:h Itnperial Ottoman Government, in fulfilment
°' its promises of the 6th September last, has now
formally assigned to the Imperial Ottoman Bank
revenues valued at £4,600,000, to provide for the
dividends of the foreign loans and the 5 per Cent.
General,, Debt, amounting together to £4,300,000.
Retails may be had on application at the Ottoman
tuu. nsulate-General, Ethelburgh-house, 70 and 71,
IthoPsgate-street Within.
she brings
"'be Ripon has arrived with the mails from Egypt.
specie to the amount of £468,486, of
,Iv;ll,i,ch £378,658 is in gold, from Australia, together
"u £26,370 sovereigns. The China has also
arrived from Boston, but she has not brought any
specie,

w 4, deputation of the directors of the West London
s. "'ryes and Warehouses Company, consisting of
,i_r Cla_ie
uu de Crespiguy, Mr. William Eve, and
Itinterview
11r. William Eyken, accompanied by their secre-
tary (Mr. Edward James Randall), have had an
with Lord John Mauner3, the First Corn-
188ioner of her Majesty's Works, &c.
oa4Pplications have been received for more than
e whole amount of new capital of £400,000 of the
Agra Bank. Steps will at once be taken to obtain
the Banetion of the Court of Chancery, and there-
" Pen the resuscitation will be completed.
u Before 'Vice-Chancellor Stuart, yesterday, the
.81141 order was made for winding up the Spital-
fields
Silk Manufacturing Company Limited, and
Mr. Fredk. B. Smart (Smart and Snell), of 38,
G reshani-street, was appointed provisional liqui-
mator.

The Land Mortgage Bank of India (Credit
'Obeier Indien) Limited. The third drawing on
4ceolint of the issue of 1864, of £500,000, Five
Per Cent. Debentures of this bank, redeemable at
take
'within 30 years by half yearly drawings, will
place on the 23d inst. Notice of the numbers
d
z'awn will be duly advertised.
a„12,1e new directors of the London, Chatham,
Dover Railway Company yesterday issued
their expected scheme for the reconstructioß of the
zndertaking. The first point is to be the issue of
to1:5°0,000 of perpetual 5 per cent. stock, which is
to take priority over all other stocks and deben-
reB, and to be a first charge on the whole of the
undertaking,,' save and except " any alleged claims
ehapriorities now existing as regards leases, rent
r,ov
ges, debentures, common fund, or Victoria im-
f venleuts capital." The second point is the issue
(1)l
~ 4,205,500 debenture stock " to rank equally
th future debentures and bear a perpetual
t,Per cent. dividend." The sense of the deben-
b7e-holders on the plan is to be taken in public
iineie,,ting on the 26th inst., and that of the share-
-,l,,,'ers on the 29th inst.
ba4j4. e imports of the precious metals during the
e*:-11)' Week have been to the extent of £801,171,
In fiY horn Australia, New York, and the West
ei,B and Pacific ; while the exports have been
rp-o-'66, chiefly to the Continent.
co'he last steamer's news from Paraguay is fully
tele allies is
Izirreborated by the mails just arrived, and the de-
th°raliing effect the defeat of Curapuity had on
proved by the following important
bOO am received from Buenos Ayres via Lis-
aehie'rcoMplete anarchy reigning between the
dor 8 of the allies. Tamandare and Poli-
-40110 Will be superseded. Octavian° has
II e hurriedly to Rio, without touching at
ntine ships,
tr4te
hißell°l3 Ayres. General Mitre and the rest of
army have been taken to Injute in
not wishing to accept Brazilian
bQ thsP°rt• It is generally believed that peace will
AAl4de. The United States Minister, General
lea:ut) has arrived, with full powers to see his col-
bile. Mr. Washburn proceeds to Paraguay."

Two o'CLocK.
thi,:kee°rditig to Reuter's telegram, the French Rentes
day were 69f. 37c.
to-I:l4°4ler advance of + per cent. has taken placei
a:maY in the English Funds, Consols being 90, +
~11,,I°neY, and 88/ 89, less the dividend, for the
tha,-'11t; they are now, therefore, + per eent. higher
th -,tileY were a week ago. There is nothing but
Pro agony
of money and the favourable political
ith:livreets to account for this continued buoyancy.
4
A n- :ew. Threes are 87+ 88 ; and the Reduced
Indiala
e ties, 878 88 ; Bank of England Stock, 249 ;
I'nfa'teek, 215 ; ditto 5 per Cents., 106+ ; ditto
106 ed 4 Per Cents., 811 ; and ditto 51 per Cents.,
107,
the
iner
e Foreign department of the Stock Exchanc,e
Centered firmness has prevailed. Turkish 5 per
to 1;831141'e improved Ito 344 ; Greek Bonds 1
deep 14a ; while the Italian Loan of 1861 has
stead-e"s to 54+ 54+. Mexican Stock remains
the at 171 18 ; Spanish Passive at 21+ ; and
—Av-ertificates at 14+
tnitinerican Securities have slightly improved.
el States 5-20 Bonds have advanced +. to 70 4,
'1 11l n,
45/ 50. I to 771 +. Erie Shares remain at
in u(lerate amount of business has been done
pric-oeritish
Railway Shares, but in some instances
-Ve4kow more firmness. Great Eastern, Great
and7,lerti
, and Brighton, have each improved ss. ;
declined`e'rnpolitan ; while Great Northern have
hover 11 ; Midland and London, Chatham, and
''r each
Atlant•
kin" te and Great -Western Railway Debentures
Coliszvanced,to 601 61/ ex coupon ; and the
coupon.Ltated
The r . Mortgage Bonds 1 to 40+ 41 ex
°teign and Colonial linos show little varia