The Sun.
London, England, 1869-07-08 00:00:00

AND

COMMERCIAL INTELLIGENCE,

-.4.,-___

There is a rumour that the Government will in-
vite tenders for the maintenance of the telegraph
system of the United Kingdom as soon as it comes
into their possession, and that, in this case, the
scope of the operations, as well as of the profits
of the Telegaaph Construction and Maintenance
Company, is likely to be considerably increased,
scarcely any other establishment in the kingdom
possessing equal facilities for this class of work.
On the 15th of September next the creditors of
Overend, Gurney, and Co. will receive another ls.
dividend, which will make 20s. iu the pound, and
that all that will then remain due to them will be
the interest on their claims. The amount of this
was according to arrangement to have been paid
concurrently with the final ls. of principal, but the
liquidators have continued to find more difficulty in
realising the assets than there was reason to expect
when these first passed into their hands and criminal
proceedings.had not been commenced, and are there-
fore compelled to ask for au extension of time till
the 30th of June next. The required sum might be
raised by calling up from the shareholders a part of
the £lO which still remains uncalled for on their
£5O shares, but this would be a needless aggrava-
tion of their distress, since the assets still in hand
are believed to be ample for the purpose.
The tenders for £325,000 in bills on India re-
ceived yesterday at the Bank of England, whai

the amounts allotted were—to Calcutta £315,100,
and to Madras £9,900. The minimum price was
fixed as before at Is. 100. on Calcutta and Madras,
and tenders on those presidencies at ls. 110. will

receive about 66 per cent.; those above that price

in full.

The large diamond of 8:31 carats, lately discovered
at the Cape, has reached London, consigned to
Messrs. Joseph Mosenthal and Co.

The directors of the London and Westminster
Bank have resolved to declare at the ensAing gene-

ral meeting a dividend and bonu3 equal together to
8 per cent. for the half. year ended the 30th of June,
carrying forward £1,200. This is the first dividend
upon the augmented capital of two millions, and is
_ _

equivalent to a division of 16 per cent. upon the old
capital of one million. The dividend and bonus
declared at the corresponding period of last year

were equal to 12 per cent.
The dividend to be declared by the Union Bank
of London at their meeting on the 14th inst. will be
at the usual rate of 15 per cent. per annum ; to

which will be added a bonus of 2} per cent. on the
_ _

paid-up capital, making together 10 per cent. for
the last half-year.
The suspension has been announced of Messrs.
E. Rodgett and Co., spinners and manufacturer

at Blackburn, owing to losses from one of the re

cent failures at Manchester. The liabilities, which
are understood to be chiefly in Liverpool, are be-
lieved to be rather large.
A meeting of the creditors of Messrs. George
Smith and Son, millowners and spinners, Preston,

was held yesterday. The assets consisting of
stock-in. trade, are said to amount to £2,719, and
the machinery is valued at £l,OOO, the total de-
ficiency being about £82,000. Messrs. Livesey
and Thorpe, who failed in Liverpool on the 10th
ult., are understood to be creditors for £BO,OOO,
While the security held by them amounts to
£60,000.

Notice is given that in consequence of the Thames
Tunnel being required for the East London Rail-

Way works it will be closed for traffic on and after
the 21st inst.

BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT FUNDS.
a Per Cent. Consols - 3 1
Ditto for Account, July 7
8 per Gent. Reduced 931 3
liew 3 per Cent
New 2} per Cent. Jan. 1894
Do. 5 per Con J 9.11.1873
kti.nuities, SO yrs, expire sth Jan., IbBU —
Do. for 30 yrs, expire sth April 1885 --
Do (Red Sea Tele6raph), Aug., 1908 —
Exchoquzr Bills, £l,OOO, 2f p. Ct. March pm
Do. 3 do. Juno 10
03 £lOO, £2OO & £5OO —
'Zink of England Stock, 4} per Cent
e, DO. opening
'-attad4 4 per Cent. Bonds
Inter-Colonial Cranium
INDIAN GOVERNMENT SECURITIES.
India tOck, 10k per Cent., April 1874 206
Do. Opening, for Account —
Do. 5 I)er Cent. July, 1880
Do.l per Cont., Oct. 1888
Do. Certificates
Du. Enlaced Pape. 4 per Cent..,... —
Do. 5 per Cent., Jan. 1872 ~....... los}
Do. 51 per Ozat. May 1879 —
Da 5 per Cent., Rup. Deb. 1872 —
Do do 1877 —
Do. do. 1882 —
0.... Deb., 5 per Cent., Aug. 1873 ~ —
Do. Bonds, 4 per Cent., £l,OOO .. . l6 20
Do. under £l.OOO

FOREIGN FUNDS—CLOSING PRICES.
Ar4entine Republic, 6 per Cent
Au itrian Bonds 5 per cent ..-...... —
Do.
llritilian 5 per Cent —
20..4i per Cent. 1852 —
uo. do 1858 —
lio• ay. 186 )
I? 0• do., 18133 —
lie. S
per
Cent., 1865
/4 1-). 0 Account B3k•-• .cnos Apes 6 per
1),) 2 •C , t (Deforr.d 3 per Cent )--
( poi in . . ..
Luna, 6 per Cent.
1-)0. 4f p
.dittra 6 peer CC r ent
Cent _ -
'Jo. 3 p9r Cent., ...... •••
4-,. 0. 6 per ce,t. 1867 —
0 -;-)0. 7 per Cent., 1866
1. io übian, 6 per Cent.
1!)411•31-k 3 per Cent., 1825
an.,t,i„, principalities, 7 per Cent BOl
P -00 8 per Cent., 1867
Olalor New Cuttiolidated, 1 per Cent
371.1 an, 7 per Cent....
'(.l Seeood Issue
~ £5',./t, BOWIS 8d•i:1
4 'O. £lOO Bonds B6l.
Do. 1864
PDo. Account
s°. *3OO Bonds
~,, ~
r.,-• 4.114; Bonds —
—O. ~.
79i 801
torei per Cent., 1868
Cireernruent _Railway Debentures
Lo' Oyer Cent., 182-1 5, ex Coups —
Acecuut

OhEY MARKET

CI IT, Two o'CLocK.
Consols are firm to-day at 93f 3 I for money ;
ditto, for Account, 93/ ; Three per Cent. Re-
duced, 931 3 ; New Tkree per Cents, 931 3 ;
Exchequer Bills £1,00.0, 10 prem.; ditto £lOO, £2OO,
and £5OO, —; Bank of England Stock, 4 per
Cent., —.

India Stock, 101 per Cent., April, 1874, 206 ;
ditto 5 per Cent., July, 1880, 1111 1 ; ditto 4 per
Cent., Oct., 1888, 100/ ; ditto Enfaced Paper, 5
per sent., 1051; ditto Bonds £l,OOO, 16 20 prem.
In the Foreign Market Italian are li lower, at
53i ; Mexican 1, 12 to 121 ; and Spanish, at 281
to 281 ; and Turkish, at 451 to 451, are nearly 1
lower. Argentine, 781 to 791 ; Egyptian (1864),
90 to 91 ; Egyptian (1864), 79i to 801 ; Orel-
Vitebsk, 80/ to 811; Charkof-Azof, 79/ to 801 ;
Spanish, 281 to 281; llocduras, 83 to 81: and
Brazilian, 83k to 84.
In Railways there has been an improvement.
Prices are now as follows :—Caledonian, 79 to 791;
Great Eastern, 384 to 38/ ; Great Northern, 107 to
108 ; Great Northern A Stock, 107 to 107/ ;
Great Western, 50/ to 511; London and Brigh-
ton, 441 to 45 ; London, Chatham, and Dover,
16/ to 17 ; London and North Western, 118/ to
1191; London and South Western, 89 to 91; Me-
tropolitan, 971 to 98 ; Midland, 114 to 117/ ; and
South Eastern, 77 to 77f.
American Five Twenties are 811 to 811, and
the Eries are 1 lower, at 19 to 191.
In Bank Shares the changes are unimportant,
and in Miscellaneous Securities Hudson's Bay are
1 lower, viz., 121 to 13 ; National Discount is
steady, at 111 to 111 ; and General Credit, 1 to
/ dia.

There were no gold operations at the Bank yes-
terday. The amount sent in during the week since
the last return has been £239,000.
The payment of the dividends at the Bank of
England, with the outflow of those on foreign
securities, has already sent an enormous amount of
capital into circulation. When the distribution in
the cases of banks, railways, and others shall have
been effected, the total will prove greater than
ever. Without, therefore, some impetus to trade
is given, large sums will have to remain idle or be
forced into investments for the sake of returning
interest.