The Sun.
London, England, 1869-09-17 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.

- -
The Bank returns show rather a weaker condi-
tion than that of last week, not only to the bullion
and reserve, but in respect also to the relation of
effects to liabilities. With the exception of an im-
provement in Foreign Stocks, the market for secu-
rities is dull.

Consols are now at 924 to 92i- for money ;
ditto, for Account, —; Three per Cent. Re-
duced, 91 ; New Three per Cents, 91f ;
Lxchequer Bills £l,OOO, March, prem. ; June,
8 prem. ; ditto £lOO, £2OO, and £5OO, March,
prem. ; June, 7 10 prem. ; Bank of England
Stock, 4 per Cent., shut.
India Stock, 10} per Cent.,'April, 1874, —;
ditto 5 per Cent., July, 1880, 114 f 4 ; ditto
Per Cent., Oct., 1888, 1004 ; ditto Enfaced
Paper, 5 per Cent., 105} ; ditto Bonds £l,OOO, 28
Prem.

Stocks, upon
is generally a better feeling in Foreign
upon the opinion of the Paris papers that
the chances of a collision between the United States
and Spain is diminishing. The following are the
prices :—Spanish stock is 1 better, at 271; Turkish
Ive per Cents. (1865), 41i to 411; and the Six
Per Cents., 651 to 651 Russian Railway Guarantees
are better in the case of Charkof, which are 801
to 81; Orel, 841 to 851; Peruvian (1865), 79 to
794 ; and there is a further advance of 1 in Mexi-
can, at 12/ to 121 ; and Egyptian (1868), at 754
to 761.
The Railway Market is flat, and a decline of
has taken place in Midland, Metropolitan,
Brighton, and Great Eastern, and 1 in Cale-
donian, Great Northern (A), London and
North Western, and South Eastern. The fol-
°wing are the prices :—Caledonian, 82; to 83/ ;
Great Eastern, 361 to 361 ex div. ; Great Nor-
thern 104 to 1021 ex div. ; ditto (A), 99 to 991 ex
div, ; Great Western, 531 to 54 ex div. ; Lancashire
and Yorkshire, 1231 to 1241 ex div. ; London
and Brighton, 441 to 441; London, Chatham, and
'lover, 161 to 161; London and North-Western,
114 to 116 ex div. ; London and South-Western,
89 to 91 ex div. ; Metropolitan, 841 to 84/ ex
,div• ; Midland, 1151 to 116 ex div. ; North-
Eastern (Berwick), 1131 to 1141 ex div. ; and
South Eastern, 751 to 76 ex div.
American Securities are dull at the lower prices
current last night. The Five-Twenty Bonds are
821 to ; Erie, 281 to 271 ; Illinois, 94 to 911 ;
Atlantic and Great Western Bonds, 281 to 291 ;
and the Debentures, 291 to 301.
There is no recoveryfrom the decline of 2 per cent.
Which took place in Peninsular and Oriental Steam
Shares upon the loss of the Carnatic being an-
nounced. The Old Stock is 441 to 451, and the
41"? 34 to 31 dis.
Joint-Stock Bank Shares are dull, but the varia-
tions
are confined to a decline of 2s. 6d. in Imperial
ottoman, and ss. in Agra (A).
Continental Railways Lombardo Venetian are 20
to
201, and Great Luxemburg are not so good, at
to
111.
a -Crencli Cable Shares are offered upon the traffic,
5,11,1 the quotation is lower, at 161. Construction
-7,14 Maintenance are flat, at 201.
JA other respects Shares are without change.
The gold operations at the Bank comprised a
withdrawal of £ll,OOO in bar gold.
The mail steamer Calabar has arrived at Liver-
pool
.41,. from the West Coast of Africa with the usual
i 'ilea') mails and 242 ounces of gold dust, value
r
fn sterling about £968, and the steamer Bangalore
°4l Alexandria, with remainder of the Bombay
aj,,B, has brought £10,191 in specie.
in The following railway traffic returns show an
e.,r,,eace :—That of the Caledonian an increase of
£6
73 ; that of the Manchester and Sheffield of
t '771 • that of the Lancashire and Yorkshire of
268.
h_The corporation of the city of Hamilton, Canada,
:iv.e forwarded to the City Bank the usual re-
'lances to provide for the coupons maturing on
Tie lit proximo upon their sterling debentures.
bonds are of two classes, the Water 'Works
red Ordinary, bearing interest at 4-1- and 4 per cent.
It4Pe,e,tively, increasing to 6 per cent. per annum.
the '"I be remembered that in 1861 the coupons on
b: corporation's original 6 per cent. debentures
allea i'le unpaid, and so remained until 1864, when
Actt6 of Parliament capitalised the old bonds and
4- accrued interest thereon, and created the exist-
%ft isstle• It is considered satisfactory to note
ma
d."ce the arrangement above referred to was
yided th
fo e . coupons have been most punctually pro-
!tr •
jyto understood that Mr. Gladstone, in very
c'ree terms, has offered baronetcies to Mr. R.
Gov rawford, the member for London and present
kaocsreor of the Bank of England, and Mr. Alder-
co24h.al°leons, the member for Greenwich, in re-
her, 41,10,1
of the position they have each so long
d „
Worcli 1.11 the mercantile, financial, and political
hag been -`-'Y Mr. Crawford, however, the honour
.w. declined.
the lizith reference to the recent discussions as to
Irtaw route to China, it is stated that the
eota",a`lY Flotilla and Burmese Steam Navigation
save pant of Glasgow and Rangoon, who have for
rat
Of qov Years had the contract for the conveyance
Npadd ernment mails and passengers on the Irra-
be bY.lhave lately contracted for two steamers, to
than on the Clyde, larger and more powerful
Th."lllY hitherto employed on the Irrawaddy
•iqe
111,1,„, steamers are for the service between
:o°°ll and Mandalay, and it is the intention of
eicatienVanY at once to establish a regular commu-
tiott
.11 between Mandaly and Bhamo in connec-
With '
Th. their present service.
weeL• return from the Bank of England for the
44 ceded the 15th of Sept. gives the following
Pest When, compared with the previous week
y ....
q•lic dep05it......... £3,686,011 Increase ...
_4,0, 84
qer ,/_
o.e ...... 4,949,239 ... Increase 3,9,266
„ `o`°P aits ......... 17,563,245 ... Increase ~. 15,302
40,4'4 other aide of the account :
its nlnlent
I ..... SOOUri.
k`_'?sr la_ ... ... ...... £14,339,928 ... No change.
tss ,44(111 itiex ...... 14,801,827 ... Increase ... 467,736
the aro, ii2l3loyed... 11,133,760 ... Decrease ... 21,975
4eine °tint °f notes in circulation is £23,267,135,
14114044. decrease of £117,760 ; and the stock of
a doer in both departments is £20,405,220, showing
Pre 4" of £196,830 when compared with the
ed,_
40.tuff return.
the ju°l4ed ia a comparison of the present position
apd .viank
of England and the prices of Consols
lit r'verench Itentes with the corresponding week of
ar

same Week
At Present. last Year.
rlttlli
20 775,992
/te, °l3, ............... £20,405,220 ...
£12,130,M7
14..nters/s ....... .... .1'
12,138,085 ...
3'645,455
m:- in eirgulatio. ... ...
23,267,185 ... 22 ' cent.
04_40f discount •••...•..
2} per cent. •.. - per
94it
tilt
llowing
1,41 oil .
921
iltia
,g.
ia..t._.; ........... , • 701. 45c.
The zt'e e ........ r Of. 15c.
for
tki bill;_ cleared in the Bankers' Clearing-house
is the official return of the cheques
/reek ending Wednesday, Sept. 15 :
Tlzursda
£8 442,000
tri,,_ . y ...............................
~,,,,,,,,„nn
;1at'izza,:......................................
iv2,z2i4uovo6
.11tilday-: ................................................ 11,674,02
la% .............................. .21,2,0.0
..u'eeclaY ............................ 10,4,9,000

£73,400,000

11/tlTigj pumul—TWO O'CLOCK.
3 . (',ovtitNN. . . per (je , -11 NT I,IINDS.;
t4)44) ;It• 00)18018 521 i
Nary ti:J.tec.ount, Oct. 6
91: i
110: per c,7l:teed
ni i .
48„1)01. per. °exit. yan....786.4:
ii, Per oeu Ja..1873
1),. re SO yrs, expire sth Jan., 1860 —
by for 00 ___
pi
re
4'o (4e, ~ Yiml expire sth April 1885 —
""EtitogAz"rit).B I elevaph), Aug„ 1908 —
s,s3 ~`01'.18,.£1,000, 2/ p. Ut. March
nu. Do. • do. Juno 8
ilk of England lOO, £2OO & £5OO 7lO Pm
LA Stock, 4il per Cent
C'ttti,Atiiiilig
..
14tr.0l
Per
con..i.. ii:)11(is.
. 41)020i:dal Uranium
%dia
tAN UOVERNMENT SECURITIzb.
t. Locktr,2lo4 per Cent., April 1874 —
Do'6;:; YPelling, for Acc•ount
12, Por tient. July, '1880
~(I,:),z,E.__liit)., Oct. 1888
0
o, ~,,.a, "'I-L...8
110. 5 --,,, °43u, raisu 4 por Cont,
Do Arr
Dent
Jan 1872
1054
• •••ii per ..._ • ..... , taro - -
. alay_lB7P -

Da 5 per Cent., nup. Deb. 1872 —
)Jo do 1877 —
Do. do. 1882 —
Do. Deb., 5 per Cent., Ang. 1873 ...„ —
Do. Bonds, 4.per Cont., £l,000
Do. under .£l.OOO —
FUNICION iiiiiDid— TWO.OTLOWL.
Argentine Republic, t per Cent
1 u itrian Bonds 5 per cent
Do. 1859 —
Brazilian 5 por Cent —
Do. 4f per Cont. 1852 —
Do. do 1858
_ _
__ . •

Do. uo 1860 —
Do. do., 1863 —
Do. 5 per Cent., 1865
Do Account —
Buenos Ayres 6 per Cent.
Do 2 per Cent. (Deferred 3 per Cent )
Cuba, 6 per Cent.
Ouilian 6 per Cent —
Do. 41 per Cent 73
Do. 3 per Cent.,
Do. 7 per Ccut., 1866
Do. 6 per coat. 1867
0 loadnau, 6 per Cent.
DaniJu, 3 per Cent., 1825...
Dan" bian Principalities, 7 per Cout —
Do 8 per Cent., 1867
lquador New Consolidated, 1 per Cent.
Egyptian, 7 por Cent —
Do Second Issue
Do. 15u(, Bonds
Do. LlOO Bonds
Do. 1864
Do. Account
Do. £5OO Bonds
Do. £lO6 Bonds
Do. 7 per Cent., 1868 ....
Government Railway Debentures 97i
Greea 5 per Cent., 1824 5, ox Coups --
Do. Account
Do. Coupons
Do. Account
Gu demalass per Cent .. . —
Honduras doY Roil. Loan., 10 p..0t., all pd
It9lian 5 per Cent., 1865 —
Do. Account ~ —
Do Maremmana Railway 541
Ilesican 3 per Cent
Ditto for Account
Do. 1864 —
Do 6 per Cont. Anglo-French —
aionterideau 6 per Cent. . —
Moorish imperial 5 per Cent
New Granada
Do 3 per Cen• —
Do. Deferred
Peruvian 5 per Cent. 1865
Do Account .. 79 i
Do 41 por Cent. (Ut;harren)
. _ __ _

. . .../ 1/. , •••••
Do 41- per Cent., 1862 -
Do Account —
Portuguese 3 per Ct., 1853, '6, 7,'9,'60,'2,'3
Do. do. 1867 34f
Do. do. Scrip, £2O paid —
Russian 5 ~ar Cent., 1822, .£ St
Do 4} per Cent . 1850
Do 41 per Cent., 1860
Do 3 per Cent., 1859
Do 5 per Cent., 1862
Do :do, Scrip —
Do. Anglo-Dutch, 1864, £lOO Bonds —
Do. do. £B4 15s. do.
Do., 1866, £lOO Bonds
--

Do.„ do £B4 15s. do —
Do Nicolas Railway 6B 3-
Sardinian 5 per Cent —
Spanish 3 per Cen . —
Do. Account —
Do. 1867
Do. Account
Do. New Deferred —
Do. Account
—.
Do. Passive —
Do. Corn. Cert. of Coup. not funded —
Do. Account

Swedish Provincial Mortgage Loan
Do Government, 1864 —
Do do, 1868
Turkish 6 per Cent.! •• ....... 00000 •••••
Do Account
Do 6 per Cent. 1858 —
Do Account
Do £lOO Bonds —
Do 6 per Cent., 1862
Do. Account 651
... _..._ .._

Do £lOO Bonds 6B
Do 5 per Cent. 1865 —
Do Account
Do 6 per Cent., 186 b —
Do 4 por 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 o per Cent. Ex 10 Florins
Belgian, 44 per cent., Ex. 25f.
Dutch 24 per Cent. Ex. 12 Gull., —
Do 6 per Cent., 1862 —
Do. 4 per Cent. Certificates ..... —
French Rentos, 3 per Cent., Ex. 2M. —
Italian 5 per Cent. 1861, Ex. 25f. —
Do Account 524 i
TWO O'CLO OK.
Jonsols, Money
Do. Account, Oct. 6 .. 92i 3

PARIS CORRESPONDENCE.

THURSDAY.

All seems going well with the Emperor, and, notwith-
standing the very unfavourable state of the weather, he has
been able to pursue his ordinary occupations. He has
received Lord Clarendon, which is satisfactory in many
respects. Some excitement was produced the other day in
consequence of the visit of M. Petetin, the director of the
Imperial printing press, and reports were circulated to
the effect that an Act was to be drawn up about the
Regency. The Moniteur explains the meaning of the
affair by declaring that the Emperor is engaged, during
his retirement, in the prosecution of his work
of Julius Caesar. It seems that the Empress is most
unwilling to give up her voyage to Suez. One reason which
has been given for the abandonment of the scheme is the
encumbered state ._of the civil list. It does not seem
probable that the Prince Imperial will accompany her
Majesty in any case.
The particulars of General Prim's interview with the
Emperor have not yet been made public, but there is every
reason to believe that the result was satisfactory. The
General was with the Emperor for more than an hour; he
will probably leave Paris for Madrid on Saturday. To-
night and to-morrow there will be grand dinners to cele-
brate his visit.

The Gaulois gives full details of the Ministerial Council
held yesterday at St. Cloud, under the presidency of the
Emperor himself. The Empress was present, and the
regency was the subject of discussion. On his next birth-
day, March 16th, the Prince Imperial will bo 14, and will
consequently have reached the ago at which Charles V.
decided that kings attain their majority.
The Prince of Wales arrived here yesterday, and starts
this evening for Wildbad, where he will rejoin the Princess.
The Russian Government displayed the other day how
far it had advanced in toleration. M. Stchapoff was
summoned before the tribunals of St. Potersburgh for
having published a translation of M. Louis Blanc's letters.
He was acquitted, and the administration of the press was
ordered to restore those copies of the work which it had
confiscated. The Libertt, in recording this event, remarks
that it is not only at Berlin that there are judges.
The first detachment of riflemen coming from Dover,
has arrived at Ostend. They were received by the bttrgo-
master and the civil authorities.

The political atmosphere is not very tranquil. It is dis-
turbed alike by incessant, and often inaccurate, rumours
of the imperial and official movements of the day, and
by the abstract speculations of theoretical reformers. La
France quotes a sentence attributed to the Emperor, which
is as follows :—" It is now nearly seventeen years since
my Government pursued a policy purely monarchical;_ it
is time that for the future it should have a dynastic
policy." Emile de Girardin seizes this opportunity to
indulge in his wonted plain speaking, and tells the Em-
peror that if his words have any meaning, they point to
the immediate formation of a thoroughly Liberal Ministry,
the dissolution of the Chamber and the election of a now
Chamber by genuine universal suffrage. Without a general
election, the Liberal intention of any Cabinet will, in M.
de Girardin's opinion, be neutralised by the opposition of
the majority of the Chambers elected under the influence
of official pressure.

If we are to believe an account from Guhet, dated Sep-
tember 11, we are a long way from such Ministerial mag-
nanimity. Several schoolmasters have been removed to
inferior posts because they had given offence by their
conduct during the elections. They were efficient in
their duties, one of them having obtained a prize at the
Congress of Schoolmasters, and their removal is in direct
contravention of the rule by which such changes aro only
to be made in the interest of the school or the teacher.
One of the most necessary reforms, and one of those
most immediately expected, is a change in the personnel of
the prefectures. The Government is understood to have
this in contemplation, and it was even stated with confi-
dence that the subject was discussed at the last
Cabinet Council. The Patric and the Constitutionnel
both deny this, and argue that a matter of so
much importance must await the decision of the full
Cabinet. The Paine repeats its emphatic assertions of
the perfect unanimity of the Ministers' assertions, in which
I should advise you not to put much faith.

A Conservative banquet, attended by Sir E.
Lacon, M.P., Major Walpole, M.P., and Mr. Oorrance,
M.P., was held at Great Yarmouth, on Wednesday. Nine
hundred persons sat down, and tho utmost enthusiast,
reigned throughout the proceedings.
- •

For some time past the papers have been giving
news more or less contradictory on the subject of tho Em-
press's visit to the East. The Paris, a paper usually well-
informed on fashionable matters, states that, according to
her Majesty's own words, nothing has yet been decided on.
The Town Council of Bolton has approved
of a memorial to the Government praying the adoption of
some effective measures for the Sunday closing of public and
beer houses. The Southport Town Council has also passed a
similar resolution.

RAILWAYS.—PREFERENCE. SHARES AND STOCKS.
With Dividends contingent on the Profits of each separate year.