The Sun.
London, England, 1869-06-24 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLoCK.
FURTHER REDUCTION IN THE BANK RATES.

The directors of the Bank of England, at their
weekly court this morning, were unable to resist
the influences in favour of a further reduction of the
Bank rate, and the official midimum was put down
to 3i per cent., 4 per cent. having lasted but a fort-
night. In the open market,thowever, the bills offering
are so few and the supply of money is so great, that
this change, though called for at an unusual time,
is not likely to improve very materially the busi-
ness of the Bank ; 31 per cent. is current for three
months' paper, or 4 per cent. below the new mini-
mum. The banks and discount brokers are arrang-
ing for a corresponding reduction in the interest
allowed on deposit.

Consols are firmer to-day, at 93 2i i for money ;
ditto, for Account, 931 ; Three per Cent. Re-
duced, 921.- i. ; New 'Three per Cents, 92i 312! ;
Exchequer Bills £l,OOO, ; ditto £lOO, £2OO, and
£5OO, —; Bank of England Stock, 4 per Cent.,
242.

India Stock, 10} per Cent., April, 1874, shut ;
ditto 5 per Cent., July, 1880, 112 11i I ; ditto 4 per
Cent., Oct., 1888, 100; ; ditto Enfaced raper, 5
per per Cent., —.

Foreign Stocks continue to show a most an en-
tire absence of business, and in one or two instances
prices are a shade lower. Mexican and Peruvian
are each worse—the former being quoted at 12}
to 12i, the latter at 80 to 80g. Russian Charkoff
Railway is -I lower, at 78+ to 781.

In English Railways Great Eastern are dull at
23i, on the preamble of the Company's Steamboat
Bill being declared not proven by a committee of
the House of Lords. The general tendency is less
favourable. Brighton and Great Northern are to-
day lower, and Great Western and London and
North Western i each.

There is no change to-day in American Securi-
ties. The United States Five-Twenty Bonds are
quoted 80i to 80a ; the Ten-Forties, 71k to 72;
Erie, 19k to 20 ; Illinois, 91 to 95 ; Atlantic and
Gseat Western Bonds, 25 to 25i ; and the Deben-
tures, 27k to 281. _ .

. _
Bank Shares continue very quiet, and prices in
some instances scarcely so firm. Oriental is i
lower, at 44i ; Imperial Ottoman I, at 2i to 21
prem.
In Miscellaneous Securities Anglo-American
Telegraph isf higher, at 201 to 201. General
Credit is I better, at 14. to 1 dis. ; International
Finance is steady, at 2 to 11 dis. ; National Dis-
count, 2 to 11 dis. ; and Hudson's Bay, 121 is 121.

The sum of £48,000 in gold was taken to the
Back yesterday, including 7,000 sovereigns from
Brazil. The total sent in since the last return has
been £255,000.

On the application of Mr. Gordon, one of the
defendants, the Lord Chief Justice Cockburn has
directed that the trial of the directors of Overend,
Gurney, and Co. (Limited) shall be held before
himself, at Guildhall, on Friday, the 2d July.
At a meeting of the Royal Exchange Assurance
Corporation a dividend at the rate of 16 per cent.
was declared for the half-year, making, with 4 per
cent. paid at Christmas, a total distribution of 20
per cent. for the year.

- The directors of the New Zealand Loan and
Mercantile Agency Company have announced an
interim dividend at the rate of 10 per cent. per
annum for the past six months, payable on the
Ist of July.

The report of Charles Cammell and Company
(Limited), steel and iron merchants, of Sheffield
and London, recommends the payment of a divi-
dend of £4 per share for the past year, and the in-
creasing of the reserve fund :o £69,345 ls. 10d.
The ordinary general meeting of the Mexican
Railway Company (Limited) will be held on the
30th inst.

A meeting of the Confederate Cotton Bond-
holders is to be held at the Terminus Hotel, Cannon-
street, on the Ist of July, at 12.30, in compliance
with a requisition, numerously and respectably
signed, " for the purpose of protesting against that
part of Mr. Sumner's speech referring to their
interests ;" also to consider a petition to the House
of Commons " not to grant compensation for satis-
fying any claims arising out of the late war in the
United States unless adjudicated by an impartial
tribunal, according to the principles of equity and
international law."

The decision of the Vice-Chancellor with respect
to the case of the South-Eastern of Portugal Rail-
way has given great satisfaction. The position of
the shareholders and the debenture holders is
quite bad enough as it is, without harassing the
property with any more litigation. The check thus
interposed will be salutary, and prevent any fresh
attempts to disturb the arrangements which may be
made to secure what is recoverable from the general
wreck.

The Tower Subway has now passed the nearest
approach to the bed of the river, the top of the
tunnel being twenty-three feet below the bed, and
the engineer, Mr. Peter W. Barlow, jun., reports
that at the present rate of progress the tunnel will
reach high water mark on the Surrey side in ten
weeks.

The reports from the large corn producing dis-
tricts in Styria and Lower Austria are stated to
be very satisfactory as regards the approaching har-
vest, the expectation being that it will equal that of
last year, which was unprecedented. 'lhe accounts
from the Hungarian districts are also, it is said, very
encouraging, although in some parts rain has been
wanted.

BRITISH FUNDS—CLOSING PRICES.
GOWANMENT FUNDS.
8 pa; Conf. Consols
Dittp for Account, July 7
8 per Cent. Reduced 921 t 3
Netir 3 per Cent
New 21 per Cent. Jan. 1894
Do. 6 per Cen Jan. 1873
A untlities, 80 yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 --
Do (fled Sea Telegraph), Aug., 1908 —
Exchequer Bills, £l,OOO, 21 di 3 per Ct —
Do £lOO, £2OO & .£5OO
Bauk of England Stock, 41 per Cent
De. opening
Canada 4 per Cont. Bonds
Inter-Colonial Omni=

INDIAN dOVERNMENT SECURITIIib.
India ilock, 104 per Cent., April 1874 Shut
Do. Opening, for Account —
Do. 5 per Cent. July, 1880
Do. 4 per Cent.. Oct. 1888
Do. Certificates —
Do. Enlaced l'apui 4 per Cent..,.,. —
Do. 5 per Cert. Jan. 1872 ....,,,,,. lO5l
Do. 54 per ()eat. May 1879 —
D.) 5 per Cent., Rup. Deb. 1872 —
Do do 1877 —
Do. do. 1882 —

IL. Deb., 5 per Cent., Aug. 1873
Do. Bonds, 4 per Cent., £l,OOO
Do. under £l,OOO
FOREIGN FUNDS—CLOSING PRICES.
Argentine Republic, 6 per Cent ...
/mita-ism Bonds 5 per cent
Do. 1859 —
Brazilian 5 per Cent 73
00. 4* per Cent. 1852 —
Do. do. 1858....• —
Do. do. 1860 —
Do. do., 1863 —
Do. 5 per Cent., 1865 —
Do Account —
Banos Ayres 6 per Cent.
Da 2 per Cent. (Deferred 3 per Cent ) —.
Cuba, 6 pes Cent.
Callan 6 per Cent —
Do. 4} per Cent —
Do. 3 per Cent., -
1 o. 6 per c,e.,t. 1867 —
Po. 7 per Cent., 1866 .., lO4
C lo nbisn, 6 per Cent.
Danisn, 3 per Cent., 1825
Dannbian Principalities, 7 ler Cent —
Do 8 per Cent., 1867 .. 921
il'quador New Consolidated, 1 per Cent
Egyf thin, 7 per Cent....
. .

r Secokid Issue -
Do. £sot Bonds
Do. .£lOO Bonds ..... 851--
Du. 1864
Do. Account
Do. .GOO Bonds .. —
Do. 41()C Bonds 9oi
Do. 7 per Cent., 1868
Lioverun,enl Bailway. Debenture.
Groex 5 per Cont., 182.1. 5, ex Coups —
Dr. ocunt

Du. Coupons
Do. Account
ii,uveroula 5 per Cent .. —
Honduras Gov Rail. Loan., lop. Ct., all pd
ItJ,iau a per Cert., 1865 —
Do. Account . ... —

Do Martimmana Railway —
blexican 3 per Cent —

Dili-3 for Account —
Dn. 1861 —
Do 6 per Cont. Anglo-French —
tionteridoall 6 per Cent. .. —
14^r,rish imperial 5 per Cent
New Granola l7
Do 3 per Con —
Do. Deferred
Fe:urion 5 per Cent. 1565 -
Do Account .. 801 791
Do 4f per Cont. (th Ninon))
Da 4f per Cent.. 1862 -

Do Account
Po..l.,!guesA 3 per Ct., 1853,'6, 7,'9,'6u,'2,'.
Do. do. 1867
Do. do. Scrip, £2O paid —
ltu4sian 5 ifer Cent., 1822, £ St
90 41 per Cent 1850
Do 41 por Cent., 1860
Do 3 per Cent., 1859
Do 5 por Cent., 1862
Do do, Scrip —
Do. Anglo-Dutch, 1864, £lOO 13en Ifi —
Do. do. £B4 15s. d 0... -
Do.. 1866, £lOO Bonds
Do. do £B4 15s. do —
Do Nicolas Railway 65 1
Sar tiuian 6 per Cent —
Spanish 3 per Gen . —
Do. Acc,Junt
Do. 1867
Do. Account
Do. New Deferrect —
Do. Account
Do. Passive —
Do. Coro. Cert. of Coup. not funded
Do. Account
Swedish Provincial Mortgage Loan
Do Government, 1864
Do do, 1868

Turkish 6 pei• Cent. -
•• ........ .
Do Account
Do 6 per Cent. 1858 —
Do Account
Do £lOO Bonds —
Do 6 per Cent., 1862 —
Do Account
Do .£IOC Bonds 691 70
Do 5 per 'Dent. 1865 —
Do Account
Do 6 per Cent., 1860 671
Do 4 por Cent., Guaranteed
Do Laud Warrants (Hectares)
Venezuela 3 per Cent. —
Do. Account
Do 6 per Cent., 1862
Do 6 per Cent. 1664
Dividends on the above payable in London.
Austrian 0 par Cent. Ex 10 Florins -
Belgian, 41 per cent., Ex. 25f.
Dutch 21 per Cont. Ex. 12 Guil —
Do. 4 per Cent. Certificates ..... —
Do. Account
French Rentes, 3 per Cent., Ex. 251.
Italian 5 per Cont. 1831, Ex. zsf.
Do Account 56
CLOSING PRICES.

Oonsols, Money 921 i xd
Do. Account, July 7

DESTBUC7 IVE FlicE A7' A LICENSED
VIC 7 UALLER'S.-7 MS DAY.

This morning (Thursday), about half-past four
o'clock, a fire, well nigh attended with a serious
loss of life, happened in the premises belonging to
Mr. J. Colgate, licensed victualler, and proprietor
of the Duke of York Tavern, Charlotte-street,
Goodge-street, Tottenham-court-road. At the
time the police made the discovery the inmates
were in their bedr2, and it was with the utmost dif-
ficulty that they could be saved from meeting a
horrible death. As it was, they were nearly stifled
with heatA smoke. In a very short space of
time the engines, both steam and manual, at-
tended, and the plugs of the Grand Junc-
tion Company having been drawn, a plentiful
supply of water was at once procured and the
engines were set to work, but in spite of the exer-
tions of the firemen the flames continued to pro-
gress, and they rushed through the roof, causing
great alarm in the ncighbourhooJ. Eventually the
fire was extinguished, but not before the tavern
was nearly gutted. The origin of the fire is un-
known. Mr. Colgate was insured in the County
and Royal Exchange fire offices.

PARIS CORRESPONDENCE.
WEDNESDAY.

We are getting anxious again Room the railway ques-
tion, just as we were before the elections, and very
probably for the same reason. There is nothing else
at present to think of. In a few days the
short session of the Corps Legislatif will open,
and then we may look fur lively times ; but
at present things are stagnant. The Belgian railway
affair is the only question of the day, and, unfortunately,
it does afford ground for a little uneasiness, though not
alarm. The commissioners have sat and sat, and un-
doubtedly they have done nothing. The members met
yesterday, but without the slightest result. They
meet again to-day "to examine fresh proposals." How
many fresh proposals they have already examined it would
be hazardous to guess, but they have met with nothing
which would satisfy both Governments. It is to be hoped
that I shall soon be able to announce the end of this
question, which is disquieting without possessing much
interest ; but the Temps expresses the fear that the com-
missioners will separate, having nothing better to offerthe
world than the status quo. It is strange, to say the least
of it, that a question of a purely domestic character, and
having, one would think, no connection with politics,
should be debated so persistently and yet so fruitlessly.
The Seventh Chamber continues to dispose slowly of
the rioters. The persons brought before it are of divers
professions. A good many plead guilty of having uttered
seditious cries, but at the same time they complain very
loudly of the rough conduct of the police. One who bad
a knife in his possession was sentenced to three months'
imprisonment, and the others were dismissed with
sentences varying from three months to fifteen days.
One only was let off with six days. His crime had not
been great. He had seen the police, according to his own
statement, striking men and throwing down women, and
he had told the sergents-de-ville that they were scoundrels
for behaving in such a manner. Neither proces-verbal
nor witness could be found against this culprit, but he
admitted that he had used the word "scoundrel," and
six days was therefore the reward of his confession.
M. Lucien Dubois, editor of the Correspondance
Generale, was likewise disposed of in the Seventh
Chamber. This writer was accused of promulgating
false news, and of exciting to hatred and contempt of the
Government. It appears that unusual rigour was shewn
in his case. M. Dubois was seized at his house, carried
off to Mazas, and there kept in secret confinement from
the 10th until yesterday. He was sentenced to three
months' imprisonment and a fine of £2O.
M. Jouvencel, the Radical who was returned for the
Seine-et-Marne department, has been wounded in a duel,
and the report is now current that he is dead. It appears
that a former functionary of the Government of 1848 had
spread some disagreeable reports concerning the antece-
dents of the newly-elected deputy. A jury of honour was
empanelled to settle this quarrel, but, unfortunately, fresh
provocation was exchanged after the decision of the jury,
and the disputants appealed to arms. M. Jouvencel was
very seriously wounded.
A case of election fraud has been tried in the Assize
Court of the Saone-et-Loire. A schoolmaster in the little
commune of Saint Martin d'Auxy, which contains only
188 inhabitants and 49 registered electors, was employed
by the maire as a sort of secretary—the maire being
very illiterate, like others of his kind. Though the school-
master, Morin, had no great wit, he was employed in
drawing up all the principal papers relative to the
public business of the commune, and, amongst other
duties, he was entrusted with the important one of
seeing that the elections of the 23rd and 24th of May were
fairly carried out. He did his business in strange
style. The law prescribes that four assessors
shall sit at the receipt of votes ; but the school-
master went to the polling-booth and sat there
alone with the maire. Ho had the instructions of the
prefect before him, but he regarded them not, and the
maire it seems could neither read nor write. Forty-one
out of the forty-nine electors polled on the Sunday. Thinking
that no voter would present himself on the following day,
Morin imagined he would save himself trouble by drawing
up his report beforehand, and he did so, getting the
signatures of three persons who had not acted as assessors.
He wanted a fourth, and asked a municipal coun-
cillor to sign, but the latter refused, and Morin
accordingly appended the name himself. Finally,
he carried off the box to his bedroom, opened
it, took out the voting-papers, and destroyed sixteen that
were in favour of M. Daron, substituting an equal number
in favour of M. Chagot. The poll had to be open the
next day (Monday), and accordingly the schoolmaster
presented himself with his box, received one more vote
in favour of M. Daron, and then proclaimed, with a loud
voice, that M. Chagot had obtained forty-one votes and
his competitor one ! Lastly, this genius, in his report, said
that all the votes had been given to M.
Chagot. The trial lasted a long time, but,
strange to say, though Morin confessed his guilt, the
jury returned a negative verdict on al points of the accu-
sation. The imbecility of the culprit seems to have
ensured his safety. Surely a maire who can neither read
nor write, and a schoohnaster who is half-mad, ought not to
be entrusted with the care of public business. There are
many such in France.
Some of your readers will remember the story of
Jeanneret, the Geneva nurse, who poisoned nine persons,
and was condemned several months ago to the not
excessive sentence of twenty years' imprisonment. This
lady has again been distinguishing herself. She had
been recklessly let out of her cell to do laundry work, and
speedily availed herself of her liberty to frightfully burn a
young girl with a hot iron.