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

IBY MARKET

AND
CONEMERCIiI INTELLIGENOE,

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.
i'mn, 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! 42k.
At the hearing of the order obtained by some in-
fluential creditors of Overend, Gurney, and Co.,
Vice-Chancellor Malins decided that a distribution
(4 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
105 t., 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
clock 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-
log 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 correspondencebetween Mess: s.
Baring Brothers and Co. and the Finance Minister of Russia
441aPPears to the committee that the interpretation put by
6'143 Russian Government on Clause 6 in the Bonds of the
Three per Cent. Russian Loan of 1859, relative to the ap-
plication pf the sinking fund for the redemption of such
I°al3, has been that the purchases should be made at such
tames and to such extent as may be found convenient by
‘a(3 Russian Government. It appears further, frcm the
game correspondence, that a portion only of such sinking
'll4d has up to this time been applied, but that the obliga-
-4011 to continue such purchases (for which a reserve is
the Russian
in the annual budget) will certainly be fulfilled by
Rusian Government.

The committee take note of the explanation so given
although in their opinion the obvious and generally ac-
eTeged meaning of the conditions of the Three per Cent.
44°411 is, that the purchases for the sinking fund should be
triad° annually.'—By order,

(Signed) "FRANCIS LEYIEN, 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
l'oncier of England. The first issue is 25,000 A
Ireference 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.
The brokers are Mr. Francis Cope and Messrs.
'rice 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 tho Bolginn
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-
Iddies to be received by the company in cash,
and annuities of the value together of
26,000,000 francs, or £1,040,000 sterling, which
have been voted by all the authorities and sanctioned
°Y the Crown. The importance of the undertaking
has been proved by the protracted official debates
In the Brussels Municipal Council, and also in the
ißelgian Chambers and Senate, on the subject, and
°Y 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
Board 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
of the assets of the company by drawing by lot, and
each share paid off at £l5 per share, being a bonus
of £5 per share. The drawings will take place on
the following dates, viz. :—On the 22d January,
14370, 6,250 shares ; ditto, 1871, 6,250 ; ditto, 1872,
6250 ; 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.

Messrs. James Barber and Co., whose unfortu-
114te suspension we had 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-
-1011 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
Ilailway New York Division First Montgage
Bonds, and on the Pennsylvania and Ohio Division
Second Mortgage Bonds, are payable on the Ist of
'a/Wary, at the rate of 4s. to the dollar.

Two o'CLocK.
According to Reuter's telegram from Paris to-
-443', the French Rentes were 69f. 'ooc.
The Crown agents for the colonies have invited
tenders for bills on Ceylon, to be sent in not later
than Saturday, the 22d inst. The amount required
44 £25,000.
The decline of * per cent. in Consols at the close
Of business yesterday has been recovered to-day,
41:4 the latest quotations are therefore 89a- for
111.'1tley, and 891 Bfor the account. There is very
itspeculation in progress, and the investments
are not numerous enough to produce activity. The
New
Threes and Reduced Annuities are 881 1 ;
Chequer Bills, 6s. prem. ; Bank of England
"el:, 249 250 ; India 5 per Cents., 1071 a ; ditto
'-'nfaced 5 per cents., 991 ; and ditto Bonds, 255.
Prem.

The Foreign List records a very limited number
t! transactions, and the variations are merely frac-
iegial, nevertheless the tendency has been favour-
Vl% Turkish 3 per Cents. have advanced to 321 I
; and •Spanish Certificates, 'I to 131 ; Greek
4ve declinei • t 0.131 14 ; and Mexican are steady
4,lBiSpanish Passive at
In
New Russian Loan remains firm at prem.
t la the Railway Share Market there has been a
rettirii of depression, prices in most instances having
eeecled. Lancashire and Yorkshire have receded ;
Great Eastern, Great Northern, North Western,
114 South Eastern each I ; Great Western and
Metropolitan each 11 ; and Midland li.
4 rhe -Foreign and Colonial lines remain very in-
ic,tlve• Bahia and San Francisco are dealt in at
1-,1, South Austrian and Lombardo-Venetian at
; East Indian at 106 106; ; and Great Indian
ethnsula at 1051 i•
The transactions in American Securities _ to-day