The Sun.
London, England, 1869-08-20 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLock.
Como7B are steady to-day at 92% for money ;
ditto, for Account, ; Three per Cent. Re-
-93k ; New Three per Cents, 94 ;
•Lxchequer Bills £l,OOO, March, par ; June,
prem. ; ditto £lOO, £2OO, and £5OO, March,
prem. ; June, 3 prem. ; Bank of England Stock,
4 per Cent., 246.
dittolndia Stock, 101 per Cent., April, 1874, 209 ;
per Cent., July, 1880, 1121 ; ditto 4
per Cent., Oct., 1888, 101 ; ditto Enfaced Paper, 5
per Cent., ; ditto Bonds £l,OOO, 30 25 prem. ;
dtto Bonds under £l,OOO, 25 prem.
Foreign Stocks are considerably firmer, although
business has not much increased. Turkish show
a recovery of to 1. Chilian and Italian Tobacco
Loan are each % higher, and an advance cf 1 is
marked in Brazilian (1865), Viceroy Loan, and
Portuguese. Danubian Eight per Cents., how-
ever, are flat, at a decline of %. 'The following
are the prices :--Turkish (1862) 66 to 66%; ditto
,(1865), 661 to G6l; and ditto Five per Cent.,
43i to 434 ; Egyptian (1864), 901 to 914 ; ditto
Railway Debentures, 97% to 98%; ditto Nine per
Cents.. 971 to 971 ; ditto Viceroy Loan, 81 to 81%;
and ditto (1868), 55% to 551 ; Italian, 55% to 551;
ditto
Tobacco Loan, 87 to 88 ; Peruvian (1865),
791 to 791 ; Danubian Seven per Cents., 83% to
841; and ditto Eight per Cents., 90% to 91%.
The Railway Market continues very dull, and
Prices show no recovery. Metropolitan is again %
lower, and Caledonian has declined to the same
extentf and London and Brighton, and London,
Chatham, and Dover are each worse. The quota-
tions are as follows :—Caledonian, 80 to 80%; Great
Eastern 38% to 381 ex div.; Great Northern (A),105%
to 106 ; Great Western, 501 to 511 ; Lancashire and
Yorkshire, 1261 to 1271 ; London and Brighton,
44% to 448 ; London, Chatham, and Dover, 16%
to 16%; London andiNorth-Western, 108% to 1081 ;
Metropolitan, 921 to 921 ; Metropolitan Extension
S,toeic, 91 to 92 ; Midland, 118 to 1181.; and South
-Lastern, 76% to 77;4'.
Bank and Miscellaneous Shares are in little or no
'em and, and prices are without movement.
A In Telegraph Shares there is a better demand.
4nglo-American is 4 higher, at 20 to 201 ex div. ;
French Cable, 19% to 20 ; and Telegraph Construc-
tion and Maintenance, 281 to 29.
Zhe joint-stock and other banks have lowered
their rate of allowance for deposits from 2 to 1%
Per cent. The terms of the discount establishments
ill now be 14 per cent. for money at call, and 11
for deposits at 7 or 14 days.
The sum of £20,000 in sovereigns was withdrawn
'rota the Bank yesterday for India.
Messrs. J. Henry Schroder and Co. have invited
8
übscriptions for a sum equal to £675,000 S per
cent.rtt Trust Mortgage bonds of the Alabama and
Bk-,oulattanooga Railway Company at the price of
4ii• These bonds are guaranteed by the Stat.! of
its ma, which punctually pays the interest on
~8 existing debt, and are in addition secured by
.`,1,1,0 entire property of the company, including
uuo miles of line on which £651,000 has been ex-
pended, and 1,900,800 acres of land on each side
granted by the Federal Government. The road
traverses the State of Alabama in a north-easterly
and south-westerly direction, and will, -it is stated,
'°lnplete the direct line from New York to New
Utleys and shorten the distance between these
ties bn- , y
200 miles.
Vice-Chancellor Sir W. M. James has appointed
AI
..r. Samuel Lovelock and Mr. J. V. H. Irwin,
uulcial liquidators of the British Columbia and
Vancouverfi Island, Spar, Lumber, and Saw Mill
`'etopany (Limited.)
The French Atlantic cable was opened for traffic
Ott the 15th inst., and the traffic is making very
satisfactory progress. The messages from London
are to be sent by the Submarine Telegraph Corn-
Pang to Paris.
The Patent Shaft and Axletree Company
(Limited), according to the Birmingham. Gazette,
have declared a dividend of 15 per cent.
In the Mincing-lane markets a steady tone has
Prevailed. Au increased business has been trans-
eted sugar, the market closing with a stronger
tone, Coffee has maintained its value. The tea
auctions_ have finished up steadily. Cotton has
further advanced %d. per lb., and the sales for
arrival have again been large.
The steamer Macgregor Laird is announced from
the West Coast of Africa with gold dust and specie
to the value of £B2O ; and the mail steamer Pata-
gonia has arrived at Lisbon from Buenos Ayres,
46cel her specie for London amounting to £64,000,
and for Paris £27,600.
The dividend declared by the Roynbird, Calde-
eott, p,awtree, Dowling, and Co. (Limited) is 6
Le! cent, per annum. he operations conducted
v,_e Steam flour mills and seed mills in the neigh-
bourhood of Wallop and Basingstoke.
Poll stated, on the authority of the Birmingham
Bead
that the debts and liabilities of Messrs.
fair) Brown, and Co., of Kidderminster, whose
taor"kl was announced yesterday, will not be
than £12,000 or £14,000. The estate, it is
ti? cted, will realise nearly, if not quite 20s. in
e Pound,
werreiilfl return from the Bank of England for the
ended the 18th August gives the following
Jut
nen compared with the previous week :
PtZsttlvpe..., ................. £3,433,286 ... Increase ... £20,714
posits Other Z ...... 3,272,108 Increase ... 30,437
04 the
0t5......... 18,596,805 Increase 4,461
ciovec_her side of the account :
tiss'ment securi-
°tiler ............ ...... £l4 804 767 Decrease 95,912
ziote_
isecurities ...... 13,790:738 ... Decrease ... 223,781
11etnployed... 11,223,850 ... Increase 405,435
bullionrilodunectroeaf
sneootefs in circulation is £23,687,435,
£108,220 ; and the stock of
an me in both departments is £20,957,809, showing
peasPreees.
ret -
e of £258,148 when compared with the
urn.
subjoinedof the is a comparison of the present position
and p Bank of England and the prices of Consols
Yea
last reach Renter with the corresponding week of
r •

Same Week
At Present. last Year.
tlll*
£1210:478395:B1
ite. lon ............... ... £20,957,809 ...
liorv.o ................. 11,270,374 ...
Fl4_,lylFirculation... 23,687,435 ...
:7s 0 fstitscount ...... 2} per cent. ... 2241cr3°,;c4e1n0t.
vr°e,
kl .................. 93
nob Iteutes ......... -i3f. 27c. 70f. 47e.
Ile following is the official return of the cheques
t4411:1 bills cleared in the Bankers' Clearing-house for
Week ending Wednesday, Aug.lB :
D
Thursdav £8,779,000
Priday -
24,141,000
Saturday 12,909,000
Monday'
..
...
,zuesdai .........
Wednesday 11,155,000
10,246,000

£78,622,000

O'CLOCK.
rarrant rtrins—T " -wn
i (4°VERMIE:iT FUNDS.;
8 Ditto fno 1
Per Cet. Consols Si
Neper
Cent Account, Set 8
li Oent . Reduced 93
D.f
, Per Cent -
_
„ ui
per Cent. Jan. 1894
_
A °. 5 per Len Jan. 1873
einUitie-8, BO yrs, expire sth Jan., 1880 —
.".„0. for 30 yrs, expire sth April 1885 —
o.biuoiL(ciltdrSes. Telet„raph), Aug., 1908 —ar
Bills, £l,OOO, 21 p. Ct. March p Do.
3 do. Julie —3
Pm
II Do
£lOO, .£2OO & .£5OO
Itlik °f England Stock, 41 per —
at
Do. ,
C`ati a Pelting Cent..................................._
/ km 4 per Cent. Bonds
elonial Uranium
thill"141,1 GOVERNMENT SECUItITI_E&
209
j.) 4 'tock, 10i per Cent., April 18,4
D°' °Peeler, tor Account —
e• 5 per Cent. July, 1880
Do
101
br: `labt• Cont., Oct. 1888
Crtilicates
D°. Bufaced Pa 4er Cant.. .. —
bo i pe, p
tio• Per Cert., Jan. 1872 ...
0 • 'I Per Oet. May 1879.....
.) 5 pet Cont., Rup. Deb. 1872
.71),
do 1877 —
Do.
do. 1882
1.)'• beb., 5 per Gent., Aug. 1873
1)0I) ell. Bonds, 4 per Con., £l,000
' "(ler 41.000
,2,5_,
ii..
Arve,, EOREIUN 11.INDX- TWO 001 OC
1 'ine Republic, 6 per Cent ...
ti
a itrian Bonds 5 per cent
tr •
13Kilianl)50 1859 ..................
oPer Cent
,:1.. Per Cent. 1852 -
13 i
-.
de 1858.... ............. -
bo, „
Do, " 18611
do.,
180

Do. 5 per Cent., 1865
Do Account —
Buenos Ayre* 6 per Cent.
Do 2 per Cent. (Deferred 3 por Cent )
Cuba, 6 per Cont.
o.4ilian 6 per Cent —
Do. 4i per Cent —
Do. 3 per Cent., —
to. 7 per Cent., Izql6
1 o. 6 per co t. 1867 —
C lo tibial], 6 per Cent. ..
Dan isti, 3 per Cent., 1825.—„.. —
Dan“bian Principalities, 7 per Cent —
Do 8 per Cent., 1867 —
Equador New Consolidated, 1 per Cent
E,;yytian, 7 per Cent , •••

. . .
;Jo Second Issue ..
Do. Xsot. Bonds 864
Do. £10t) Bonds ..... 90i 1
Do. 1864,
Do. Account •.•
Do. -GOO Bonds
Do. 41:JG Bonds 93
Do. 7 per Cent., 1868
Government Railway Debeutures: 93
Greet 5 per Cent., 1824 5, ex Coups --
Do. Account , .
Do. Coupons
Do. Account
'3uatemala 5 per Cent . —
Honduras Gov Rail. Login., lop. Ct., all pd
'to iian 5 per Cent., 1865 —
;io. Account ~ —
Do Mitreiertnina Railway ._
Ilexicai. 3 per Cent —
Ditto kr Account
Dn. 1864- —
Do 6 per Cent. Anglo-French —
gontevidvan 6 per Cent. . —
Ilccrish Imperial 5 per Cent
New Granada —
Do 3 per Cen —
Do. Deferred
Pe:uvian 5 per Cent. 1865
Do Account •• 791 i
Do 4} per Cent. (1.11:1)arren)
Do 44 per Cent., 1862 -. —
Do Account —
Portuguese 3 per Ct., 1853, '6, 7,'9,'60,''2,'5
Do. do. 1867 —
Do. do. Scrip, £2O paid —
Russian 5 per Cent., 1822, X St

Do 4} per Cent . 1850 '
Do 41 per Cent., 1860
Do 3 per Cent., 1859
Do 5 per Cent., 1862 - 1-
Do :do, Scrip —
Do. Anglo-Dutch, 1804, £lOO Bonds, 94
Do. do. £B4 15s. do.
Do., 1866, £lOO Bonds —
Do. do £B4 15s. do —
Do Nicolas Railway
Sardinian 5 ptr Cent —
Spanish 3 per Con
Do. Account
Do. 1867
Do. Account
Do. New Deferrea
Do. Account
Do. Passive
Do. Com. Cert. of Coup. not funded
Do. Account
Swedish Provincial Mortgage Loan —
Do Government, 1864
Do do, 1868
Turkish 6 per Cent.
Do Account
Do 6 per Cent. 1858 —
Do Account
Do .£IOC Bonds —

Do 6 per Cent., 1862
Do. Account 66 !-
Do 5 per Gent. 1865
Du Account
Do 6 per Cent., 186 a 66i
Do 1 per Cent., Guaranteed
Do Land Warrants (Hectares)
Venezuela 3 per Cent.
Do. Acc. ant -
Do 6 per Cent. 1864
Do Account
Dividends on the above payable in London.
Austrian a par Cent. Ex 16 Florins ...
Belgian, 44 per cent., Ex. 25f.
Dutch 2i per Gent. Ex. 12 Gird',
.£lOO Bonds
no 6 per Cent., 1862
Do. 4 per Cent. Certificates ..... —
trench lientes, 3 per Cent., Ex. 231.
Italian 5 per Gent. 1831, E::. 25f.
Do Account
TWO O'CLOCK.
•
Uonsois, Money
Do. Account, Sept. 8

WE GREAT CITY FORGERY.

MANSION-DOUSE-TMS DAY.

To-day, Clement Harwood, of 2, Upper Chester-
terrace, Hyde-park, a son of a partner in the firm
of Harwood, Knight, and Allen, bankers, money
dealers, and discount agents, 33, Abchurch-lane,
and John Hatcher, of 35, Northumberland-place,
Westbourne-park, were placed before the Lord
Mayor, charged with felony, and that in April they
did abet together to feloniously steal bills of ex-
change for the sum of £15,000, the property of John
Knight and others,also to feloniously forge and utter
well knowing the same to be forged a certain en-
dorsement of a certain bill of exchange for the pay-
ment of £l,OOO with intent to defraud, and also
that the said John Hatcher did felonously harbour
the said Clement Harwood well knowing he had
committed a felony. _

Tne prisoner Harwood, who was a clerk in the
firm, is supposed to have purloined the bills of
exchange, which he cashed, receiving drafts, which
he forwarded to Hatcher in Paris, who changed
them into coin, with a view of preventing any trace
through the medium of bank notes. With the money
so obtained the two men sailed for America in the
steamship Russia ; but a telegram having been sent
by the Atlantic cable Harwood, Hatcher, and his
wife were taken into custody, and brought back to
England by Sergeant Spittal. The amount of the
forgery recovered from the prisoners amounted to
a little over £ll,OOO.
Mr. Straight said it was not his intention to pro-
ceed criminally against the young man Hatcher,
but he should confine his remarks on the case to
the prisoner Harwood, who was the son of the
senior partner of the firm in Abchurch-lane. The
learned gentleman then proceeded to detail the case
against Harwood, and said in order to account for
the different style of living after he had commenced
his systematic falsification of the books of the firm, to
which he had access in his capacity of clerk, he
opened an account in the Consolidated Bank in the
name of Charles Hope Chalmers, giving his proper
name, Clement Harwood, 33, Abchurch-lane, and
John Hatcher, 5, Tokenhouse-yard, as a reference.
He regretted that the full.extent of the defal-
cations had not yet been ascertained ; but for
the purposes of the present charge, he might
say that defalcations to the amount of £11,737
had been discovered. After the money had been
banked, Harwood put it about that he had won
a large stake of money by the racehorse Blue
Gown. It appeared that the money had been
abstracted by wrongly casting up the columns
in the ledgers and by placing large sums against
various customers of the. firm. The learned gentle-
man then read a letter written by the prisoner
Harwood to his uncle, which stated that Hatcher
had acted all through in the matter under the belief
that he (Harwood) was a rich man, and that he had
business of his own which enabled him to send him
to Paris to execute genuine business. _

The Lord Mayor said he had no doubt the prose-
cutors had duly considered the case, and therefore
he should direct Hatcher to be discharged.

Mr. Knight, one of the partners of the firm, was
then called into the box, and stated that the pri-
soner was the third son of the senior partner in the
firm, and acted as clerk. He was an exceedingly clever
book- keeper, and had the prisoner's ingenuity been
exercised on the right side instead of falify-
log the books he would doubtless have be-
come a partner in a very short time. The
witness then proceeded to state the matters that
had led to the examination of the books of the firm.
On the Ist of June a deficiency of £3,000 was dis-
covered in the prisoner's accounts, and on an exami-
nation of the book wrong entries and miscasts had
since been discovered to the amount of £15,000.
The prisoner had no authority to sign the name
of the firm " Harwoo3, Knight, and Allen," or
any bill of exchange or receipt. The witness then
gave in detail the particulars and amounts of the
various bills the prisoner had unlawfully cashed
I at the various places at which they had been made
payable, and to which he bad forged the endorse-
ment of the firm of Harwood and Co.
Mr. Straight said that was as far as he proposed
to go to-day.
The Lord Mayor then remanded the prisoners
it Monday next.