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

aoi\TE/ MARKET

AND
commEßciaL 7 NTELTJGENC3,

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
easy terms lately quoted. The Bullionist states as
follows :--The 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 'natters connected with the money market;
but taking the Bank in 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
of
tion a lapsing
la
a fraction above £19,000,000—a certain indication
business. At the same time the circu-
, 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 accounts to the 30th June last. It
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 liowrah has been mutually agreed upon.
,°wing to the rapid extension of the company's
uasiness 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
!ear and tear account, there remains a balance of
'10,1.18 from whi'2ll the directors recommend a
distribution of 5} per cent., free of income-tax,
Payable on the 3d prox., making a total dividend
for the year of 8i per cent.
,The
trormally perial Ottoman Government, in fulfilment
i.of Its promises of the 6th September last, has now
assigned to the Imperial Ottoman Bank
dividends
valued at £4,600,000, to provide for the
general
may
r,ivicieods of the foreign loans and the 5 per Cent.
_sjeneral Debt, amounting together to £4,300,000.
be had on application at the Ottoman
~,‘-3°.nsulate-General, Ethelburgh-house, 70 and 71,
43Ish°Psgate-street Within.
she brie The Ripon has arrived with the mails from Egypt.
gs specie to the amount of £468,486, of
which
X 378658 is in gold, from Australia, together
I'n £26,370 sovereigns. The China has also
arrived from Boston, but she has not brought any
specie.
117. At, deputation of the directors of the West London
sira.rves and Warehouses Company, consisting of
AI Claude Claude de Crespigny, Mr. William Eve, and
tar'William Eyken, accompanied by their secre-
lrY Mr. Edward James Randall), have had an
terview with Lord John Manner 3, the First Com-
'alssioner of her Majesty's Works, &c.
AApplications have been received for more than
e whole amount of new capital of £400,000 of the
gra Bank. Steps will at once be taken to obtain
the sanction of the Court of Chancery, and there-
Pi°4 the resuscitation will be completed.
tis 3 efore Vice-Chancellor Stuart, yesterday, the
ital order was made for winding up the Spital-
-I‘4lelds
Silk Manufacturing Company Limited, and
r' Fredk. B. Smart (Smart and Snell), of 38,
Bator re4lam-street, was appointed provisional liqui-
.
p The Land Mortgage Bank of India (Credit
Indien) Limited. The third drawing on
,h-'connt of the issue of 1864, of £500,000, Five
ver Cent. Debentures of this bank, redeemable at
p
tall' within 30 years by half yearly drawings, will
e Place on the 23d inst. Notice of the numbers
drawn will be duly advertised.
44, Ile new directors of the London, Chatham,
v `4. Dover Railway Company yesterday issued
expected scheme for the reconstruction of the
tot erta.king. The first point is to be the issue of
1'5.0p,000 of perpetual 5 per cent. stock, which is
tiu:' take priority over all other stocks and deben-
uves) and to be a first charge on the whole of the
uertaking," save and except t, any alleged claims
eiLl. Priorities now existing as regards leases, rent
pruarges, debentures, common fund, or Victoria im-
of N-etnents capital." The second point is the issue
Iv. 4,205,500 debenture stock 46 to rank equally
th future debentures and bear a perpetual
Per cent. dividend." The sense of the deben-
l„.,mre-holders on the plan is to be taken in public
hi,leling on the 26th inst., and that of the share-
-;TrB on the 29th inst.
11.,ue imports of the precious metals during the
chic Week have been to the extent of £801,171,
laeflY from Australia, New York, and the West
Q11.;e8 and Pacific ; while the exports have been
chiefly to the Continent.
'the last steamer's news from Paraguay is fully
corroboratedth_ by the mails just arrived, and the de-
ralising the effect the defeat of Curupuity had on
er,a2lies is proved by the following important
boeln6lain received from Buenos Ayres via Lis-
ehie'f complete anarchy reigning between the
dor °f the allies. Tamandare and Poll-
-404° will be superseded. Octaviano has
tu e hurriedly to Rio, without touching at
hiaeu°B Ayres. General Mitre and the rest of
army have been taken to Injute in
traArgentine ships, not wishing to accept Brazilian
be ~,,sPcrt• It is generally believed that peace will
.A. "jade• The United States Minister, General
laot
lea -.as arrived, with full powers to see his col-
Mr. Washburn proceeds to Paraguay."

Two o'CLoc K.
thila lading to Reuter's telegram, the French Rentes
day Were 69f. 37c.
to —,lll°ther advance of per cent. has taken place
for -4Y in. the English Funds, Consols being 901 1
aee,ll,;°neY, and 88/ 89, less the dividend, for the
thailt; they are now, therefore, 1 per eent. higher
the :,theY were a week ago. There is nothingbut
pro abundance undance of money and the favourable political
Th°?vects to a.,,count for this continued buoyancy.
A nnuiti.:elv Threes are 871 88; and the Reduced
Indiaa
871 88 ; Bank of England Stock, 249 ;
p,riT Stock, 215 ; ditto 5 per Cents., 106-/ ; ditto
1(24" 1
4 per Cents., 841; and ditto 51 per Cents.,
07
inin
elr4 the Poreign department of the Stock Exchange
firmness has prevailed. Turkish 5 per
to -I`23have improved 1 to 341 1 ; Greek Bonds 1
der,l4. 141 ; while the Italian Loan of 1861 has
stead- med
, to 54,a 54/. Mexican Stock remains
th .1 at 171- 18 ; Spanish Passive at 211 ; and
keertificates at 141 t•
ti4itillerican Securities have slightly improved.
andeidiStates 5-20 Bonds have advanced 1 to 70 it,
19i so li"is Ito 77/ /. Erie Shares remain a
illAin°derate amount of business has been done
prinpritisil Railway Shares, but in some instances
West 4 show more firmness. Great Eastern, Great
and ale
and Brighton, have each improved ss. ;
deer letropolitan ; while Great Northern have
1)0 Ailed ; Midland and London, Chatham, and
Av:lr each
I*
eoupoiLuated
_aye
ant
-o and Great Western Railway Debentures
eoogcVivalleed to 601 611 ex coupon ; and the
Mortgage Bonds I to 401 41 ex
The
reiga and Colonial lines show little varia-