The Sun.
London, England, 1870-08-26 00:00:00

MONETARY REPORTS-YESTERDAY.

The stock markets this morning opened heavily, and
the quotations in many instances exhibited symptoms of
weakness. The downward movement, however, was
checked by the reduction of per cent. in the Bank rate,
but this favourable change failed to influence the markets
to any material extent, and business throughout the day
was confined within very moderate limits. Pending
the result of the great battle, which, it is believed,
will shortly take place in the neighbourhood
of Paris, business for the moment is almost entirely
suspended. Much anxiety is now felt as to the future
course of events on the Continent. Now that the French
have withdrawn their army from Chalons, and are falling
back upon Paris, it is very evident that a crisis is at
hand, as the Prussians are closely following; therefore
we may shortly hear of an engagement, on the issue of
which will in a great measure depend the duration of
hostilities.
Notwithstanding the reduction in the Bank rate, the
Consol market has been depressed, a rumour which has
not yet received confirmation of the defeat of the Crown
Prince being productive of uneasiness. For delivery the
quotation has been 914, 914, and for Sep-
tember, 914, ; Reduced and New Three
per Cents., 914, 914 ; Bank stock, 232, 234 ; Exchequer
bills par to ss. prem. India Five per Cents. 110, 111, and
India bonds Bs. to 15s. prem. Colonial Government
securities have been neglected, and prices have been with-
out change.
The English railway market has been in a depressed
state, and prices in many instances have again ruled
easier. North-Eastern, at 139, 140, shews a rise of 4 ; on
the otherhand, Metropolitan at 64, 64, Caledonian at 74,
74, South-Eastern at 68k, 694. Great Eastern at 344, 34i,
and Great Western at 644, 66.2, are 4 lower ; and
Brighton at 34, 39, shews a decline of 4.
In Indian railway stocks transactions have been re-
stricted, but prices have been maintained. East Indian,
1104; Great Indian Peninsula, 1064, ; and Scinde 1041,
1054. Canadian shares have been flat, and without
change. Foreign shares have been dull. Great Luxem
bourg are 4 lower, at 114, ha ; Recife and San Francisco,
16k, 4 ; San Paulo, 20i ; and Lombards, 154, g.
Foreign bonds have been neglected, and a further de-
cline has taken place. The heaviness has been chiefly
apparent in Turkish. The 6 per cents. of 1858 and 1862
have fallen 11, ditto 1869 2, ditto 5 per cents. 1. Italian
1861 have been flat, and 4 lower. Egyptian 1864 have de-
clined 1, and Peruvian 1865 4. American securities have
been depressed. The Five-Twenty 1882 and 1887 bonds
have fallen ditto 1885 4. Atlantic and Great Western
Consolidated Mortgage Bonds 1, and Illinois Central
shares 14.

Bank shares have been quiet. Imperial Ottoman have
been rather easier at 11k, f ; London and Joint Stock
Marked, 33i ; Anglo-Egyptian, 212 ; and Agra (A),
10,}.

Telegraph shares have been very quiet. Falmouths are
* lower at 9-1, i ; British Indian Submarine, 7 ; Marseilles,
Algiers, and Malta, 5-i, i ; Silver's Indiarubber, 38k.
Miscellaneous securities have been dealt in cautiously, and
prices have shown no change.

The steamers which left New York yesterday took out
£lOO,OOO in specie for Europe.

The bullion operations at the Bank to•day comprised
the purchase of £140,000 in bars, £76,000 in sovereigns
from Alexandria, and the withdrawal of £30,000 in
sovereigns for Belgium and Switzerland.

The Clearing House return for the week ended August
24, shews a total of 260,345,000. against £56,400,000 for
the corresponding week last year.
A further reduction of per cent. has taken place in
the Bank rate, making the official minimum 4 per cent.
In the general market capital has been plentiful and with
a limited demand for accommodation. Three Months'
paper has been negotiated at 3 per cent.
The Joint Stock banks and discount houses are now
allowing 3 per cent. for money, at call, n if with seven,
and n if with fourteen days' notice of withdrawal.
At a meeting of the shareholders of the European Bank
(Limited), it was agreed to terminate the liquidation, and
form a new company to purchase all the remaining assets
from the liquidators, at the price of £150,000, of which
£75,000 will be represented by a first issue of £25,000
fully paid shares of £3 each, and £75,000 by 6 per
cent. debentures. The present total indebtedness of
the undertaking, including liquidation expenses
is about £170,000. The liquidators have made
a call of £3 per share, which it is antici-
pated will realise £75,000, thus reducing the obliga-
tions of the bank to £95,000. It is understood that the
directors are willing to compromise the chancery suits
against them by the payment of £20,000. The out-stand-
ing debts are chiefly on the continent and their early
realisations has been checked by the war. A committee
was appointed to carry out the proposed arrangement,
which has been initiated by Messrs. Ashurst, Morris, and
Co., at the desire of several large shareholders.

At a meeting of the Mediterranean Hotel Company
(Limited), the balance of profit and loss was stated at
£1,474; and a dividend of 4 per cent. was declared. To
provide for the settlement of the architect's claims,
amounting to £604, the directors have made a call of 10s.
per share on those shares, upon which £9los. has already
been called up. Against this call the dividend will be a
set off, leaving 2s. sd. to be paid.
The report of the Mutual Tontine (Westminster
Chambers) Associations (Limited) to be presented on the
6th September recommends an interim dividend at the
rate of 3 per cent. per annum.
The half-yearly meeting of the Dublin and Belfast
Junction Railway Company was held on Tuesday. The
chairman gave an encouraging account of the prospects of
the line. The dividend declared was 4 per cent., against
3.2 during the corresponding half-year of 1869, and the
amount of £l,OOO additional was carried over to next half-
year's account. Curiously enough, the increase of receipts,
wnich is chiefly noticeable in connection with the carriage
of goods, has not been accompanied by any increase of
expenditure, but rather by a reduction.

The traffic return of the Great Eastern Railway for the
week ending August 21 shews a decrease of £494 on the
corresponding week of last year. The Great Northern
has an increase of £1,122, and the Caledonian of £Bl.
The Manchester, Sheffield, and Lincolnshire shews a de-
crease of £1,082, and the Bristol and Exeter a decrease of
£l3O. The Lancashire and Yorkshire Railway shews a
decrease of £1,521.

LONDON STOCK EXCHANGE.-THUILSDAY.

LATEST PRICES.-AFTER OFFICIAL HOURS.

The prices under the lines indicate the business done.

GOVERNMENT SECURITIES.

Three per Cent Consols 91/ 911 Viet 5p c Jan &July 1894 100 102
911, 1,1, 1, it 1018
Do for Account
911, 1 Egyptian, 1862. 7 p c.. .. 81 83
Three per Cent Reduced 911 918 Do Rail Deben 7 p .. 98 100
911, 1, I, 1 Italian, 1865, 5p c
New 3 per Cent
911, 1, / 858, 5, 6
Exchequer Bills, March 16 pm Portuguese, 1869, 3 p c.. 27 28
ss. preen 28
Do, June l6 pm Russian, 1862, 5 p c.. .. 86 88
Bank Stock
2328 Do Nicolas 4p c
India 5 per Cents
1108, 10 Spanish, 1867, 3 pc
tuba Bonds 268 1. 6,1, I, 1
pm Do, 1869. 3 p c
Can 6pc Jan&Julyl 77-84 101 06 251, 1
104 Turkish. 1854, 6p c B2 84
Do March & Sept. 104 107 828
Do 5p c Jan & July .. 94 96 Do. 1855, 5p c
95 411. it, 2. 1/ 2, 11 /
Do Inscribed Stock .. 94 96 Do, 1855, 6p a '
Dom of Can 5p c 1903 .. 96 98 62, 1/
Ceylon 6 p c May and U.S. 5-20 Bonds, 6p c 1882 861 871
November 1878 lO7 109 861, 1,7, I
Mauritius 6p o Jan and Do do 1885 861 861
July 1873 lO2 104 851, 61, 51, 84
New 8 Wales 5 p clB7l-76 1008101/ Do 10-40 Bnds, 51)01904 82 83
New Zealand 6 p c 1891 lO6 109 82, 1, I
Do 5p c - -
Do 5p e Consolidated 97 93 Illinois Central Shares .. 105 106
98, / 1,
Do 613 c Mar & Sept 1891 109 111 Atlantic and GW It Con
Do
108 June & Dec 1891 108 110 Mortgage 22/ Bonds 228 231

Vict 6 pc.Jan & July 1891 111 113
DoApril & OctlBB3-85.. 111 113
1121, L }, 12

RAIL WAYS.

Bristol and Exeter B4 86 Grand Trunk of Canada
Caledonian
731, 1 414
Great Eastern
341, 4 Grand Trunk of Canada
Great Northern
Do A 129 130 18
129 Great Indian Pen gsp c 106 107
Great Western 66 67 1064,1
661, / Great Western of Canada 131 14
Lancashire & Yorkshire 130 131 131
Lon, Brigh, and S Coast 37 38 Do 6p c Bonds, 1873.. 98 100
37/, I, 1. i Do 51 do, 1877- -.S
Lon, Chat, and Dover .. 12 13 Do 5p c pret, issued 80 par 2pm
2 Madras guar 5 p c
apyr
eoff
BC:.
dn as d a :
88
91
105 107
ton and North-Western 126 127 N.
pit:1BI
1261, 1. I. i
Lou and South-Western 85 87 Gude and Rohilkund g
85.6xd 5 p c
Man, Shef, and Lincoln 401 411 Scinde, Punjaub, and
40/, i, 1 Delhi guar 5
Metropolitan
631, 4 x d Bahia and San
Francisco
Midland 126 127 g 7 P c
1261 18

18 19

North British
32 Buenos Ayres Gt Sthrn.. 23 24
North-Eastern Consols 13811391 Dunaburg and Witepsk 17 18
139 k, 8, 9 Dutch-Rhenish 22 23
South-Eastern 6Bl 69 21*
681, 9 Eastern of France
Atlantic and St T.awrnce 79 83 Great Luxembourg
Bombay, Baroda, and 11*, 1
Central India, g 5 p c.. 105 106 Lemberg Czernowitz gua
1051, 6 7p c l6 17
Buff & Lake Huron Pref 4 41 Northern of France
Do guar Bonds, 1872-3-4 78 82 Ottom (Smyrna to Aidin) 51 61
Cape 6p c
East Bengal guar 5 p c lO6 107 (Limited) guar 7p o .. 16 17
106 16), i, I
East Indian, g 5 p c
1101 20, *
Grand Trunk Canada
Do Equip Mort Bnd , 1 15). I, )
charge 6p 0
Do 2nd do Scrip ....1 dis, Ipm
Do Ist Pref Bonds
61

11 111