The Sun.
London, England, 1869-09-16 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocic.
A court of proprietors of the Bank of England
Was held this morning—R. W. Crawford, Esq., in
the chair. The chairman proposed that a dividend
of £4 10s. per cent. be paid on the sth of October,
free of income tax. This was seconded by Mr.
Botley, and unanimously adopted.
The Stock Markets to-day are flat, and the Funds
are flower. Spanish Stock fell f per cent., and
English railways are also lower. Telegraph Shares
are flat; and Imperial Ottoman Bank has given
way. The demand being less the rate of discount
is 21 to 9i.
Consols are now at 92k to 92i for money ;
ditto, for Ac:ount, —; Three per Cent. Re-
duced, 91i f ; New Tree per Cents, 91f ;
Exchequer Bills £l,OOO, March, 6 prem. ; June,
prem. ; ditto £lOO, £2OO, and .1500, March,
--- prem. ; June, 7 prem. ; Bank of England
Stock, 4 per Cent., shut.
Canadian 4 per Cent. Bonds, 1903, 104.
„India Stock, 10f per Cent., April, 1874, —;
auto 5 per Cent., July, 1880, 1141 ; ditto
4 per Cent., Oct., 1888, 1001 ; ditto Enfaced
4 per Cent., ; ditto Bonds £l,OOO, 26

The Foreign Market is steady, without much
business. There is, however, a decline of 4in
SPanish. The following are the prices :—Chilian,
.4i- to 954 ; Egyptian (1864), 901 to 911 ; Viceroy
'man, Nine per Cents., 971 to 974 ; ditto Seven
Per Cents., 79.1 to 801; Italian, 52 to 52} ; Peru-
/1.411 (1865), 79 to 791; Orel, 841 to 85 ; Nicolai,
64 to 681; Moscow, 831 to 841 ; Charkof, 801 to
8'1; Spanish New Three per Cents. (1867), 264 to
27i- ; and Turkish Five per Cents. (1865), 414
t() 414.
The further bad traffics announced this morning
having been anticipated, the Railway Share Market
'8 not again lower, except as regards Great
Northern (A), which have fallen I, and Great
Eastern i• Lancashire and Yorkshire have reco-
vered 1, and Metropolitan 1. The following are
the prices : --Caledonian, 824 to 83 ; Great
'l.4stern, 36! to 37 ex div. ; Great Northern 1011 to
1024 ex div. ; Great Northern (A), 98 to 99 ex
a `4iv• ; Great Western, 53 to 531 ex div. ; Lancashire
and Yorkshire, 1234 to 1244 ex div. ; London
and Brighton, 441 to 444 ; Loudon, Chatham, and
Over, 161 to 161; London and North-Western,
1.15; to 1161 ex div. ; Metropolitan, 851 to 86 ex
4 ;
Midland, 115/ to 1161 ex div. ; North-
Eastern (Berwick), 1134 to 1144 ex div. ; and
6outh Eastern, 751 to 76 ex div.
There is no important movement in American
securities. The Five-Twenty Bonds are 824 to
f'6,;!i• Erie Shares are 274 to 28/ ; Illinois; 94 to
; and Atlantic and; Great Western Bonds, 28
te 30.

Among Colonial and Indian Railways Great
estern of Canada have risen 1, to 154 ; and
Gran d Trunk have declined I, to 15i. East Indian
are I higher, at 1121.
Continental Railways are dull. Great Luxem-
burg
Shares are 11 to 11, and Lombardo V ene-
tlen 19,1 to 20.
i The only change in Bank Shares is a fall of ss.
Imperial Ottoman, which are now 2f to 2f
'4111., upon realisations by weak holders.
7141
In Foreign Mareininga shades
firmer, Don P
whPileedro, Chon
Antales,
Taqtrarilglo-
rF,e,ntine, Anglo-Brazilian, Froutino Bolivia, Port
1"1), Rom Grande, and Sao Vicente are not so
Rood.

a The Telegraph Market is flat. French Cables
dre lower, at 16i to 17 ; and there is a little
eline in Construction and Maintenance Shares,
ile2leh are quoted 29 to 29k. Anglo-American are
to 20i ;
2 and Atlantic Eight per
4.

In other Securities, General Credit shares are
tilt 1 to 1 dis. ; and Hudson's Bay have fallen
it at 12i to 13.
There were no gold operations at the Bank yes-
terday.
The Atrato, from the West Indies, has brought
t 1.32,000.
The Brazilian advices by the Guienne, telegraphed
fr°4l Lisbon, state that the quotation of exchange
ai.
Rio remained at 1841,-.1. to id., and that there was
ne later intelligence from Paraguay.
The tenders for £325,000 in bills on India were
received yesterday at the Bank of England, when
'e amounts allotted were—To Calcutta, £315,900, and to Madras, £9,100. The minimum price was
41ed) as before, at Is. lid. on both
411 d tenders on the above presidencies
will receive about 15 per cent., those above in full.
These results show a diminution in the demand for
means of remittance to the East.
tTitiliiiteeedr)editors of Overand, Gurney, and Co.
received yesterday the list instalment on
11° W
their ebts, completing 203. in the pound. There
nothing to be settled with them ex
eePting the interest (for the delayed instalments) ,
the .
receipt of which the creditors, on the recom-
t4endation of Mr. Charles Oppenheim, have agreed
to I,,s‘
ri.Pene until the 30th of June next.
14:ue report of the Anglo-Italian Bank for the
I;4l4'Year ended the 30th of June shows a creditd
,ha'anee of £10,372, but abstains from recomen
of
-17 g a dividend, as there is still a sum of £35,000
may
result and doubtful debts, a large part of which m y
result in loss. The directors have determined tothe
1)„°e the Genoa branch in order to concentrate
'lalese of the bank.
VThe directors of the lonian Bank have declared
divide at the rate of 6 per cent. per annum for
-etober.balf year ending June, payable on the 11th of
e !°: of the great iron works of the country,
wilVbeLailY those in the north, are so fully occupied
(1i 1i
the manufacture of rails that it is only with
four eititY that orders can be executed in less than
will Months. Some works are so busy that they
spri 401 undertake to make deliveries until the
°f next year. This state of things is calcu-
Of to Produce an important effect upon the traffics
thee-5
froailways running through the districts where
Canadian
works are seated.
toff 4141dillatuonadvices mention that the Gore Bank
have amalgamated with the Bank
stockeftmerce, receiving 55 per cent. fordthtehier
It ;04180 that it had been determine
io?taatilcanadian Bank should re-open on the 13th
and PriosPectus has been issued of the Whitland
37 e'ns'flitif Railway Company, with a capital of
in Shares of £lO, to make a cheap line
Walesiles from Whitland Junction, on the South
abo
to a point on the Cardigan-road
f
artidt• seven miles equi-distant from the towns
obta-Igan and
ret_Zed during the past Session.
479 Act was
4CeBc:;ifeillideisnsgagxelNB, be:VP:Leh Cable last week were
068. In the previous week they
1.11‘8) yielding 11,0.10.
tetore L°ndon and North-Western Railway traffic
1443.4 l'how this week an increase of £266)oolver
The r, and the Midland an increase of £l,-
that thntral Argentine Railway Company notify
Closed e transfer books of the undertaking will be
for the fr°nl the 27th inst. to the 2d of October,
teat lt,,PurPose of making up the guaranteed inte-
ivee'29Ptehr
inst, per per annum for six months end-
Colim adlourned meeting of the Tower Subway
tenet:l4lY was held yesterday, when the report and
Nvere "...ed accounts were adopted. The directors
tae- 41-° authorised to raise £l,OOO upon mort-
Zn debenture stock.
of 14d?xtraordinary meeting of the Great Southern
India
ilailway Company is called for the sth of
the direct`r to consider a communication made to
f Ind;ipra by the Secretary of State in Council
of
of the
je reference to the question of the exten-
dtain thetlle company's railway to Tuticorin, and to
oN
whit consent of the proprietors to the condi-
-111.01 the Government of India have deter-
obtain uPon in relation thereto ; and, further, to
[tar the
4 assent of the proprietors to the necea-
4iti, _ variations in the existing contract with the
Government, and to the adoption of such