The Sun.
London, England, 1870-09-01 00:00:00

SEPTEMBER 1, 1870.

MONETARY REPORTS--YESTERDAY.

The stock markets have been very quiet to-day, the at-
tention of dealers having been absorbed by the settlement
of the account, which has been completed to-day. It is
worthy of note, however, that the war news has little in-
fluence upon prices—a significant fact, as shewing the
opinion held in commercial circles of the present
political situation. Certainly the news from the the seat
of war has not recently been of a character
either to inspire complete confidence or to create distrust,
but it is somewhat remarkable that the markets here
should shews signs of continuous improvement in the face
of increasing flatness at Paris. It is scarcely possible that
the bonds held in France have already been disposed of,
but it would rather appear that this class of security is
likely to become more and more in request on account of
their convenient portability in these troublesome times.
To-day the markets opened quietly and the fluctuations
in value were chiefly to be traced to the transactions
in connection with the account. The settlement has gone
off without mishap, and does not appear to have been by
any means a heavy one. Consols opened at 91f, 91k, and
closed at 92, 92k, both for money and the account.

Reduced and New Three per Cents. left off at 92, 924 ;
Bank stock at 233, 235 ; India Five per Cents. at 1091,
1101 ; India Bonds at 125., 16s. prem. ; Exchequer bills at
Is. to 6s. prem.
Colonial Government securities closed as last quoted,
the inquiries having been limited in number and extent.
In the market for home railway stocks a fair amount of
activity has prevailed. It will be observed that the
leading lines are new quoted ex dividend. Attention has
been chiefly directed to Great Eastern and London and
North Western, which have advanced /, the last prices
being 35/, 35a, and 125 1251 ex div. respectively. Metro-
politan left off at 63k, 63k, Midland 123 k 124/, ex div.,
and North-Eastern Consuls, at 136 k, 137/ ex -div. The
last price for South-Eastern was 68/, 68/ ex div.
Foreign Railway shares have been very inactive. Great
Luxemburg have been dealt in at 11 ; Lemberg-Czerno-
witz, at 16/ ; and Lombardo-Venetian, at 15k. Quotations
for French lines are quite nominal.
American and Canadian lines shew no change in value
Erie shares are 17, 17i ; Illinois Central, 1061, 1071;
Grand Trunk of Canada, 121, 13i ; and Great Western
of Canada, 13i, 14/.
The market for foreign bonds has been firm throughout
the day, though not active. Brazilian of 1865, Chilian of
1870, Egyptian of 1862 and 1864, have advanced 1 ; Egyp-
tian of 1868, 1-; Mexican and Spanish, / ; and Italian
Five per Cents., /2-. Large transactions have taken place

in both Turkish and Egyptian stocks. United States
Bonds remain unchanged at 881 to 882, for the 1862, and
87/ to 88 for the 1865 issue.
The dealings in Joint Stock Bank shares have been
much restricted, a few transactions for investment only
having been recorded. Prices remain without change.
Alliance shares have sold at 12; ; Imperial Ottoman, at
11R to 111; London Chartered of Australia, 23 ; London
Joint Stock, 33.
Telegraph shares are without fluctuation, the sales
having been very limited. Anglo-Mediterranean left off
at 131 to 132 ; British India, 71 to 7/ ; Panama, 4to 3
dis ; and French Cables, at 141.
In the miscellaneous market sales of the 11 hymney
Iron Works have been made at 32/ to 33 ; Telegraph
Construction at 24 to 242 ; Peninsular and Oriental
Steam, 43/ ; Hudson's Bay, 81 ; Berlin Waterworks, 14.
The bullion operations at the Bank of England to-day
consisted of the receipt of £95,000 in specie.
The liquidation of the late Birmingham Banking
Company has now been nearly completed. Warrants
have been issued to the shareholder creditors, whose divi-
dends have hitherto been withheld, for the full amount
of their debts, and the interest account only now remains
to be adjusted.

The directors of the Bank of France have determined
to remove a large portion of their reserve of bullion to
one of the western seaports, Brest or Havre, for safety.
Large quantities of plate and valuables of all kinds have
already been sent forwards to London.
It is now nearly certain that the mails through Paris
will be suspended, and in view of that event the English
post-office authorities have communicated with the French
post-office authorities on the subject. It would only ap-
pear reasonable that some other route should be adopted
while the interruption lasts, but the assurance has been
received from the French authorities that the delay to the
mails will be as little as circumstances will permit.
The directors of the Glasgow and South-Western Rail-
way Company have announced that the accounts shew a
balance sufficient to pay a dividend at the rate of 5i per
cent. on the ordinary stock, carrying forward £5,610,
includiding £4,185 brought forward.
At an extraordinary general meeting of the Mersey
Steel and Iron Company (Limited), a resolution was
adopted reducing the capital t 01240,000, of which £40,000
has yet to be called up. The original capital was
£400,000.

The half-yearly meeting of the Tower Subway Company
was held yesterday, when the director's report was
adopted. It appears that there is still an estimated
expenditure of £5,500 on capital account, caused by the
company having to pay for the purchase of land instead
of a nominal rent charge. The working of the Subway
continues satisfactory.
The usual dividend of 14s. (or 10 per cent. per annum)
has been agreed to by the proprietors of the General
Steam Navigation Company.
The liquidators of the Joint Stock Discount Company
(Limited) are now prepared to pay the balance of the
amounts due to the creditors, with interest to the 31st
instant, less the amount of discount agreed to for prompt
payment.

The Manchester Guardian has the following :—The
failure of Mr. Edmund Thomson, cloth commission agent,
of Mosley-street, Manchester, has been announced. At
a meeting of the creditors of Messrs. James Thelfall and
Son, cotton spinners, of Preston, held at Liverpool, the
liabilitios were announced at £107,000, a considerable por-
tion of which is covered by securities. A proposition was
made to pay 7s. 6d. in the pound to unsecured creditors,
but the consideration of the matter was left to an adjourned
meeting to be held at an early date
The traffic return of the North Eastern Railway for the
week ending August 27th, shews an increase of £4,158 on
the corresponding week of last year. The Midland Rail-
way an increase of £1.70.