The Sun.
London, England, 1870-08-12 00:00:00

THE EMPEROR'S WATCHWORD.

" Dead or victorious" is the watchword at Metz. It
was the word of a brave man, a,ndis sure to find a response
in every brave man's heart.—Times.

The Crown Prince, in answer to an inquiry as to the
fate of the correspondents of Le Gaulois and Le Figaro,
said, in a good-natured way, he would let them go in a
few days, " for they can do no harm by telling all they
have seen."
The body of General Raoult, who had been reported as
missing after the defeat of the cops d'armee of Marshal
de MacMahon, has since been found among the dead.

A terrible railway accident occurred yesterday
/morning near Tours. Two trains came into collision near
a junction. One of the trains was filled with soldiers for
the army of the Rhine, 20 of whom were badly hurt. Four
are now dead.

Mr. Odo Russell, who for some years has
been employed on special service at Rome, and who has
returned home from Italy, has accepted the post of
Assistant Under Secretary of the Foreign Office in the
place of the late Hon. Charles Spring Rice.

UHE MONEY M ARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLoci

There is no particular change in business on the Stock
Exchange beyond a slight improcement in Government
Securities. Railways steady; Foreign Bonds without
change of importance.
Consols are now GO* to 901 for money, and 91* to
914 for account ; Three per Cent. Reduced, 91 to 911;
New Three per Cents., 911 to 911; India Five per
Cents., 1091 ; ditto Four per Cents., 1001; ditto 4
Bonds., par ; Metropolitan Board of Works, n per
Cent. Stock, 981.

In the Foreign Market Brazilian Bonds of 1865 are
90; Egyptian Seven per Cents. of 1864, 84 to 84k; ditto
of 1868, 701 to 71/ ; Spanish of 1867, 25 to 25i ; ditto of
1869, 241 to 25i ; ditto Quicksilver, 70 to 71 ; Peru-
vian, 851 to 84k; Turkish Five per Cents. of 1865, 42.t0 42k;
ditto of 1869, 53 to 54i ; and Five per Cent. Italian of
1865, 77.

The Railway Market—Metropolitan are 643 ; Great
Eastern 32 to 321; London and Brighton, 35g to 341;
Caledonian, 711 to 73; South-Eastern, 672 ; Manchester,
Sheffield, and Lincolnshire, 401 ; Great Northern, 117 to
1161 ; ditto (A), 1211 ; North Eastern, 1341 ; London
and North-Western, 1241 ; Midland,tl24l ; Lancashire
and Yorkshire, 128 ; Great Western,[64l.
Canada Six per Cents. are quoted 1021 ; New
South Wales Five per Cents., 991 to 992 ; New
Zealand Five per Cents., 961 to 97 ; Queensland, 105 ;
Victoria, Five per Cents., 992; and ditto Sieper Cents.,
111.

American Five-Twenty Bonds, 86 to 86i ; Ten Forty,
89i- to 84k. Illinois, 101 to 104 ; and Erie at 17 to 18i ;
Atlantic and Great Western Consolidated Bonds, 17i to
18i ; and ditto Debentures.
The following half-yearly meetings have just been con-
vened, viz. :—The Mediterranean Extension Telegraph
Company (Limited), for the 18th inst. ; the Imperial Gas
Light and Coke Company, for the 25th inst. ; and the
London, Tilbury, and Southend Railway Company, for
the 30th inst.

In Bank shares Alliance are quoted 13 to 14; Anglo-
Austrian, 17,1,- premium ; Chartered Mercantile, 26* ;
Consolidated,) prem ; ImperialOttoma,n, 111 London
and County, 51; London and Westminster, 60 591; Lon-
don Joint Stock, 34 ; and Union of London, 37.
In Miscellaneous Shares Berlin Water Works are quoted
15 ; Viceroy of Egypt 7 per cent. Mortgage Loan, 70 ;
National Discount Company, 101 ; and Peninsular and
Oriental Steam, 40.
The Austrian Government have just obtained an ad-
vance of a million sterling for three months, at the rate
of 8 per cent. per annum, from an association, at the
head of which are the Credit Anstalt and the houses of
Rothschild and Wodianer.
At the meeting of the shareholders of the Imperial
Mercantile Credit Association (Limited) the resolutions
passed at the former meeting in favour of the reconstruc-
tion of the company, by transferring its assets to a new
company, were confirmed, and the articles of the new
company were approved.
The directors of the South Eastern Railway Company
state they desire it to be understood that a circular which
has been sent to the South Eastern proprietors by the
East London Railway Company, offering debentures at
the rate of 8 per cent. per annum interest, has been
transmitted without their previous knowledge or consent.
The liquidators of the Unity Joint-Stock Mutual
Banking Association have given notice of a further and
final distribution of the available assets among the share-
holders at the rate of 2s. 7d. per share, making a total
return of £l4 10s. 7d. upon each share, with £6O paid.
The winding-up has been effected by a committee of share-
holders without charge for their services.
A telegram from Calcutta states that the Government
of India are shippingby the steamer of the 15th of August
£400,000, in addition to the like sum from Bombay, and
£200,000 from Madras—in all £1,000,000.
The Geelong, from Melbourne, according to a telegram
of the 17th of July, will bring £551,625.
At a meeting of the creditors of Green, Humphrey, and
Co., whose suspension was recently announced, the
liabilities were stated at £30,615 Bs. 7d., and the assets at
£16,992 ss. 6d. An adjournment for a fortnight was
agreed to.
At a meeting of the Land Securities Compaily
(Limited) the accounts showed an available balance of
£3,802, and a dividend was declared at the rate of 4 per
cent. per annum, leaving an addition of £5OO to the
reserve fund, £1,302 to be carried forward.
Subject to audit, the directors of the South Eastern
Railway Company state that the net revenue of the past
half-year available (after paying all interest and prefer-
ence charges) for dividend on the ordinary stock is
£118,453, as compared with £99,015 in the corresponding
half of 1869, or sufficient to pay a dividend after the rate
of 3 per cent, per annum, with £3,900 over. Considering
the state of the Continent, the directors will, however,
recommend the proprietors to pay a dividend at the same
rate as in the corresponding half of 1869, namely, 2i per
cent. per annum, and to carry forward £23,000 to the
credit of the current half-year.
The report of the North London Railway Company for
the half-year ending 30th June last has been issued. The
directors recommend a dividend at the rate of 4 per cent.
per annum on the Preference and at the rate of 61 on the
Ordinary Stock, leaving a sum of £4,874 13s. 9d. to be
carried forward.

Bar silver and Mexican dollars have again declined in
value, the former to ss. Otd. per ounce standard, and the
latter to 4s. Did. per ounce.

MARKETS.—Tn IS DAY.

MARK-LANE.

Quietness has been the feature !of the grain trade to-
day, and the tendency of prices have been in favour of
buyers. The receipts of old English wheat have been
short, Of new limited ; but the arrivals from abroad have
been more liberal. For all qualities the demand has been
inactive, and forced sales could only be concluded on
lower terms. Barley has been purchased cautiously at
about late rates. Malt has been dull on former terms.
The show of oats has been unusually extensive, owing to
the liberal receipts from abroad. Sales have progressed
slowly at a reduction of from 6d to is per quarter. Beans
have been in fair request at fully late quotations. Peas
met a quiet sale on former terms. Flour has been dull,
but without change.