LATEST CITY INTELLIGENCE.

Press, Volume XII, Issue 1576, 25 November 1867, Page 2

LATEST CITY INTELLIGENCE.

The stock markets on October 1 resisted the influence of a combination of favourable circumstances. Consols left off at 94£ to $ for money and account, being exactly £ lower than at the departure of the previous mail. Railways also declined, and so did all the speculative foreign stocks. 'Jhe only securities that maintained their prices with anything like firmness were New Zealand, Australian, and a few other colonial securities.

Money is in no demand, and first-class bills are very readily taken at 1£ to If per cent. Advances are offered on the Stock Exchange at 1 per cent. The Bank of New Zealand have notified that they have been instructed to offer for public tender £200,000 of the £500,000 loan authorised for the eervice of the Province of Auckland, New Zealand, and of which the first instalment of £100.000 was disposed of in September, 1863. The instalments are to extend to January 15

A general court of the proprietors of the Bank of England was held on September 12. The net profits for the half-year ending August 31 amounted to £629 072, making the amount of "rest" on that day £3,657,003. A dividend at 4i per cent, was declared for the half-year, without deduction of income tax, leaving the "rest" at £3,002 118

The directors of the Atlantic Telegraph Company have issued their half-yearly report The revenue account shows that the total earnings by the cable during the year endiDg July 27 last amounted to £205,317, but from this the Anglo-American Company have deducted £21.896 16s on account of tie two accidents that occurred to the 1866 cable, and the charge not having been agreed to by the Atlantic Company has for the present been carried to a suspense account. Notwithstanding these large deductions there remains to the credit of the revenue a balance of £28,133 16s sd, and out of this the Board propose* to declare a dividend for the year at the rate of 4 per cent, free of income tax upon the first 8 per cent, preferential stock. The report further states that the Board have been hitherto unsuccessful in their efforts to arrange with the directors of the Anglo-American Comp_ny a reduction of tariff.

The Credit Mobilier of Paris is now in liquidation, having been brought to the necessity of asking assistance from the Bank of France in consequence of its satellite companies being unable to fulfil their engagements