The Sun.
London, England, 1869-09-24 00:00:00

MONEY MARKET

AND
COMA.IERCIAL INTELLIGENCE.

CITY, Two o'CLocic.
The transactions of the Stock Exchange to-day
were a trifle better in prices than yesterday, but
business is much impeded by the shipment of gold
to America. The Bank rate is still 24.
Consols are now at 921 to 924 for money ;
ditto, for Acount, ; Three per Cent. Re-
duced, 911 a; New Tkree per Cents, 918 1 4 ;
Exchequer Bills £l,OOO, March, 6 prem. ; June,
10 prem. ; ditto £lOO, £2OO, and £5OO, March,
prem. ; June, prem. ; Bank of England
Stock, 4 per Cent., 240.
India Stock, 101 per Cent., April, 1874, —;
ditto 5 per Cent., July, 1880, 1148 ; ditto
4 per Cent., Oct., 1888, ; ditto Enfaced
Paper, 51 per Cent., 1101.
Foreign Securities appear to be recovering,
the only exception being Spanish and Ita-
lian. Argentine are quoted 801 to 801 ;
Brazilian, 83 to 834 ; Egyptian (1864), 90 to
C9l en;
t., 7n
ditto (1868), 7q to 751 ; Viceroy's Seven per
to 791 ; ditto (Nine per Cent.) 791
to ; Italian, 52 to 521; ditto (Tobacco Loan),
491- to 791 ; Peruvian, 781 to 781 ; Portuguese,
33i to 341; Orel 84 to 841; Nicolas, 674 to
674 ; Moscow, 834 to 831 ; Charkof, 79 to 80 ;
Spanish, 27} to 274 ; and Turkish Five per Cents.,
401; to 414.
Railway shares are quiet. Brightons and Great
Northern A are better, but Midland, Berwick,
and London and North-Western are heavy.
Prices are now as follows :—Caledonian, 821
Great Eastern 361 toGreat
Northern 1021 to 1031 ; ditto (A), 1001 to
100 x; Great Western, 534 to 531; Lancashire and
Yorkshire, 1231 to 1241 ; London and Brighton,
43i. to 441 ; London, Chatham, and Dover, 161 to
161 ; London and North Western, 1151 to 116 ;
London South Western, 89 to 91 ; Metropolitan,
871 to 881 ; Midland, 1151 to 1164 ; North-
Eastern (Berwick), 1131 to 114 ; and South
Eastern, 751 to 754.
Iu Bank Shareslmperial Ottoman are 2s 6LI better.
Alliance are 124 to 131 ; Anglo-Austrian, 13 to
16 prem. ; Chartered Mercantile, 324 to 831 ;
Consolidated, 41 to 44 ; Imperial Bank, 16 to
17. Imperial Ottoman, 2; to 21 prem. ; London
and County, 49 to 50 ; London and Westminster,
Stel to 564 ; Oriental, 424 to 43/ ; London Joint
ock, 294 to 301 ; and Union of London, 341
to 354.
In American Securities there has been another
andelaPse to the extent of 4 per cent. in both bonds
_ shares. The Five-Twenty's are 881 to 821 ;
"'lgo 1865, 81 to 82 ; ditto 1867, 80 to 81 ; and the
Ten-Forty's 73 to 74. Erie Shares, 231 to 241 ;
Mino • '
's) 92 to 93 ; Atlantic and Great Western
Consolidated Bonds, 26 to 27 ; and the Debentures,
27 to 28.

Only £5,000 in bar gold was taken from the
-"auk yesterday.
It has been freely asserted that 250,000 sove-
buges had been sent to America from Liverpool ;
t no official confirmation of the fact can be
obtained.
, According to the views of some of our leading
Ipankers and money brokers the demrnd for gold
for New York would not be so great were it not
for some fictitious operations in " the gold room"
of that city, where a sr ecies of wild speculation is
carried on
with the object of influencing the rate
dexchange and the value of securities. It is pre-
icted that the excitement will soon be over, and
a
shall shortly see things resume their
ordinary course. Whatever amount of gold may
• it is said, it will before long be returned to this
country.
It le stated that the Austrian finances for the last
quarter show a marked improvement. According
to a report just issued, the increase in direct taxes
amounted to 4,000,000f1., while that on tobacco
exceeded the estimate by 8 per cent.
The directors of the Chartered Bank of India,
Australia, and China, recommend a dividend for
the
half-year at the rate of 6 per cent. per annum.
The advices from Italy state that in addition to
tthe loan of 60,000,000 of lire, concluded with cer-
cer-
tainforeign banking establishments, Count Cain-
ra")igny, the Minister of Finance, has negotiated
i d°44l of 7,000,000 lire with the Bank of Naples on
l'itebaslitY Bonds bearing interest at 6 per cent.,
ilv" a commission of 1+ per cent. ; and a further
°;:° of 5,000,000 lire with the Credit Lyonnais,
i:s24l the same security, but with a commission of
• Per cent.
embarrassments of the European Assurance
oic'etY, following so quickly upon the collapse
te
11`1 Atli° Albert Assurance Company, though they
4„) of course, to prejudice the market for assur-
anr3 property generally, cannot be said to exercise
y distinct influence upon business in the Stock
eohange, where transactions in shares of this
are
comparatively few, and effected mostly by
Plivate
so,. negotiation. Without prejudging the re-
of"tof the proceedings now pending in the matter
call 111° European Society, it may be advisable to
rliadattention
to the fact that persons who have
lie themselves notorious as wreckers of pub-
e°lnPanies are once more busy in their
clUestion
that awe vocation. It is broadly rumoured
(444 'lead set is likely to be made against several
am! °laces, the position of which in public esti-
Thelon renders them likely to succumb to attack.
hap otaotics adopted in these matters have un-
-144,7 come to be well understood ; and, almost
col -dole as
it may seem at first sight, the sole
arieinc4 these parties is to share in the plunder
days th
g from a forced winding up. In former
Pati„,:e halTies who preyed on joint stock cora-
the4;" Used to make money by " promoting"
blolle) the large pickings derived from ti promotion
lattel!' the sale of concessions, &c., having
fella been summarily terminated, it is now
to that wrecking is the next best path
1;-$34ta• Where an insurance office can
tta alte7,l to be absolutely rotten, it is of course
the polio Public charity and of especial kindness to
am,:ti,lleY-holders to expose its hollowness, and to
teraie'elli from pouring more money into the bot-
scora,:s gulf ; but, apart from cases of this strong
arro`ei°,l3),it is well that public opinion should
'44°Cl
h in condemnation of vexatious proceed-
-lig "stigated by mere selfish motives, for a wind-
the •P. is uls„„ well too that in the present crisis in
bra„-`,.alloe world the provident classes should
len t—gut to see clearly that in nine cases out of
' Nanizel .true interests consist in rallying round.
oa Nv,„ atiens which have been formed and carried
Stip,„,,llla their full cognisance, and which, unless
le secttri'tt at this time of trial, may be swept away
e e
ni•
week
endede4ul the 22d of Sept. gives:the following
1114 '4. when compared with the previous week :
Oatile•.(i ................ 704 286 Increase ... 18,274.
Ottler 4:pPollitts ....... 5,118,272 ... Increase ... 169,033
3 ......... 17,364,986 ... Decrease 203,259
ilove Otli • e
other
aid of the account :
Othe4o „eel,
..........
40,er
...... £14,317,928 ... Decrease 2.-2),080805
Th 3 ili,e'rtin4
.. 14,824,71? ... Increase ...
ai P (1... 11,146,44 J ... Increase ... 12,695
being v"nt of notes in circulation is £23,076,435,
hap. a decrease ...
lion of £190,700 ; and the stock of
clecre "°tll de
preceding
a,
of partments is £20,192,835, showing
£212,385 when compared with the
Subjoinu.lng return
•
'it the 1:14_7'l is a comparison of the present position
Isad
„peraerun: of Eugland and the prices of Consols
last 1, ell Renters with the corresponding week of

Same Week
At Present.
lust Year.
ll'illion
20 964 840
hese_ 6 ............... ... £20,192,835 ...
Notes .. : ............... 12,116,400 ... 132,537904:,344955
ltt
_:''Pireuln.tion... 23,076,435 ... 2,
Ponea.Lliscount ...... 21 per cent. ...
re 4,1%; ......... ....... 921 2 i)6eri
.c.ent.
I Itentes ......... 70f. 60c. 69f. obc.
Tli
e following
ittla bin is the official return of the cheques
the,
Week 4 Cleared in the Bankers' Clearing-house for
l,iiilersll,ding Wednesday, Sept. 22 :
£8,851,000
krid,s,u4Y ................................... 9,864,000
B,,,[tturda; ............................... 12,444,000
241,:naday." ........................... 9,023,000
r-e4sBdatY
....................................................... 9,;2a,00000
e'LLIMIaY ............................. 9'652'0

.C 59,559,000