The Sun.
London, England, 1869-09-13 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

In the market to-day the recent rise in the French
Funds has not as yet been followed by a corres-
ponding recovery here, owing to the quantity of
stock thrown upon this market on German account.
Turkish Stocks are firmer, while Imperial Ottoman
Bank Shares are lower. American Bonds and Shares
are better, but English Railways are dal!.
Consols are steady at 92 to 93 for money;
ditto, for Account, —; Three per Cent. Re-
duced, 911 ; New Tree per Cents, 911 ;
ditto Annuities, April, 1885, 111 ; Exchequer Bills
£l,OOO, March, prem. ; June, prem. ; ditto
£lOO, £2OO, and £5OO, March, prem. ; June,
10 prem. ; Bank of England Stock, 4 per Cent.,
245.

India Stock, 101 per Cent.,' April, 1874, —;
ditto 5 per Cent., July, 1880, 1141 ; ditto
4 per Cent., Oct., 1888, —; ditto Enfaced
di Pa
ditto Bonds under £l,OOO, 26 prem.
The changes in Foreign Stocks to-day are not
numerous, and they are fully balanced ; Turkish
and Italian being higher, and Spanish and Russian
lower. The following are the prices :—Egyptian
(1864), 90 to 91 ; ditto (1868), 751 to 76 ;
viceroy Seven per Cents., 791 to 794 ; ditto
Nine :per Cents., 96 to 971 ; Turkish Five per
Cents., 434 to 42 ; ditto Six per Cents., 648 to
65i ; Spanish, 27 to 272 ; Peruvian, 784 to 791;
Italian, 52 to 521 ; Oriel-Vitebsk, 841 to 841 ;
Nicolas, 68 to 681 ; Moscow, 831 to 834 ; Charkof,
801 to 80i ex div: ; and Brazilian, 81f to 82 ex div.
American Securities are generally firmer, and an
advance of 1 is marked in United States Five-
„l:wenty Bonds, at 838 to 83k. Erie Shares, at
40i to 26f ; and Illinois, at 94 to 948.
With the exception of a rise of j in Great West-
ern, and I in Caledonian, the Railway Market is
Great Northern Ordinary and A stock have de-
clinedßerwick,
Lancashire and Yorkshire, Brighton,
and
erwick, 1 each, and South Eastern, Metro-
politan,and Great Eastern, f each. The follow-
ing are the prices :—Caledonian, 821 to 83 ; Great
Eastern, 37 to 371 ex div. ; Great Northern, 102
to 104 ex div. ; Great Northern (A), 100 to 1001
div. ; Great Western, 541 to 55 ; Lancashire
a:nu, Yorkshire, 1241 to 1251 ex div. ; London
and Brighton, 442 to 45 ; London, Chatham, and
161 ; London and North-Western,
46 to 1161 ex div. ; Metropolitan, 86 to 861 ex
Midland, 117 to 1171 ex div. ; North-
4'-'astern (Berwick), 1141 to 1141 ex div. ; and
~.
cii.th Eastern, 76 to 761 ex div.
Bank Shares are little dealt in, and the only
movement is an advance of 1 in Imperial Ottoman,
the price being 21 to 21 prem. Chartered Mer-
cantile is marked at 391 to 331 ; Consolidated, 48
t°, 41 ; 16 to 17 ; London Joint-Stock,
402 to 301 ; and Union of London, 341 to 351.
In Telegraph Shares French Cable is flat at 17
stl7l) being a relapse of 1. Anglo-American is
2:ady at 201 to 201; Atlantic Eight per Cents.,
t02t9°112.i ; and Construction and Maintenance, 28k
Continental Railway Shares are not quite so
torn),
Lombardo-Venetian is i lower, at 191 to
; and Great Luxemburg is unaltered at 111
14)
The transactions in Miscellaneous Securities are
Unit),
portant and prices are little altered. 'pal.Gene-
Credit is f better, at 11 to dis. ; International
luanee steady, at 21 to 1j dis. ; National Discount,
4v71 to 111 ; and Hudson's Bay, 121 to 121.
_The Corn Market is dull at late rates.
There were no gold operations at the Bank on
Saturday.
Tye Silesia, from New York, ha 3 brought
£l's°o in specie, and the Kepler, from Brazil,
etei))000. The Peninsular and Oriental Company's
ehamer Geelong, which reached Point do Galle
it'ce the 6th inst. from Australia, brought £453,000
°ld, which will reach Southampton in about a
tuh,
palle West India and Panama Telegraph Com-
pany that they have given to the I.udia
slibber, Gutta Percha, and Telegraph Works Com-
LIanYZ the order for the manufacture of their cable,
to Paid their first instalment, according to the
1111_111, aof the contract, and that the work is being
34ed on as rapidly as possible.
„,„ he gold remitted to Earope from America this
has been only £4,977,000, against £12,870,000
i) t° the same date in 1868. Meanwhile the im-
r°rtations of European goods have been £9,000,000
n
excess of those in 1868, and the shipments of do-
beat atie produce have been £5,600,000 less. The
7 balance has been taken in bonds.
hag
The London and San Francisco Bank (Limited)
18841nereased its paid-up capital to £500,000 by the
Leo' °f 30,000 shares of £lO each, which have
tereall,taken up by persons having a permanent in-
liahe the institution. This bank was estab-
roili`4 in 1865, under the auspices of some leading
blipr in. London and Frankfort, who were strongly
forilie"ed with the promising prospects of Cali-
teeotiar and its immense agricultural and mineral
111) of ef,e3. They commenced with a capital paid
'llO 000, which they increased to £200,000,
teed, Y feeling their way until they have sue-
eire:.`4 in establishing a concern which, by constant
ComkTspection, has obtained and enjoys the full
dividee„ll.,e° of the public of San Francisco. The
0/ le' Paid for the last 12 months was at the rate
credit
_l;er cent., with £3,540 carried forward to
4 c.O profit and loss.
Pates
from Mr. G. W. Bremner, of Mark-
tent ;tates that he has been appointed by the Pa-
kekasrBlledunatio LOOM Company (Limited), and
poael
01 Richardson and Co., agent for the dis-
Alien their licenses for working looms on the
-rnatie •
..a4 for Principle. The Patent Loom Company
C. vvr fined in 1862 to develope the patents of Mr.
di liarrison, engineer, for the driving of the
e of the I
Nett, oorn by the action of compressed air
4411 upon it, in place of the old-fashioned plan
titlotve no°f a picker stick and spring. Mr. liar-
kesar was found to be too expensive, but
Pateilte, 8• C. Richardson and Co., by their
Pcautaas, improvements, have so simplified the
bellows "a'n Principle that by a simple bag or
driv
With t each
end of the loom the shuttle is
deed 40, greater rapidity and less vibration, and
ele4,‘, I, take
so much power, while it is also more
it 67, aa no •
that of be made at a cost rather less than
ce() those now in use.
Nein brd'ng to a statement issued by Messrs.
the others
nit. I)l'4ed State„
and Co., the total crop of cotton in
was 2 „, for the year ending the 31st
b corkaales uta' 'lOOO bales, not including that taken
,T,LPtiou in the South, estimated at 173,000
e'eataate'du,o total quantity exported and consumed
~nntintiaDtiot°2)27o,ooo bales, or, including Southern
hethe etilaotnits to 2,443,000 bales. They add that
yePteraher_ of new cotton received prior to Ist
,ar) being 1,080 bales against 1,075 last
Indicate that the new crop is about
A ; develo
'`'Ll 114 Ptnent of industry and commerce in
Wilke is evidentlya making substantial strides,
nil, be the temporary disasters from the
.tite_the dilative
half
to which it has given rise.
itds)s42a.
_a,ll of 1867 the import duties were
186u8 they
w:ruver currency ; in the first half of
be44llBtria, the II and in the first half of
ete9 8321,22ef7,026,66411.,
These totals refer only to West-
kote _u,ngarian statistics not having yet
he increase during 1869 is the
al.a.ititeoln""etajork_abol_e when it is recollected that a gene-
e 8„u f duties was made on the Ist of
, and under the circumstances it may,
1:1`IP8) fairl
atitona, dnues assumed that the increase of the
from ten to twelve millions
:teell3f4otreci,ihY the delegates in their recent esti-
° rtle the Austrian Budget of 1870 will be
rr, out.
The d•
that !rectors of 44_ a dividev, the Bank of Australasia notify
rit:e) am a uat the rate of 6 per cent. per an-
as additional interest, at the
t 17 fe
IgP er
togethereeu t,S Per annum, both free of income
at the rate of 10 per cent. per

annum, or 12 a share for the half year, will be paid
to the proprietors on the 12th October.
According to a statement received from
Vienna the National Bank of Austria has accepted
the proposal made by the Anglo Austrian Bank at
the late conference relative to the exchange of gold
for notes. It is therefore understood that the
Anglo-Austrian Bank intends making forthwith a
deposit of gold at the National Bank for the ex-
change of notes, for the purpose of supplying the
money market.

ERITISI ir Crlila-TWO O'CLOCK.

GOVERNMENT FUNDS.-, _
3 per Cent. Consols
Ditto for Account, Oct. 6.
i per Cent. Reduced 9ll I
New 3 per Cent
Now 21 poi- Cent. J an. 1894
Do. a per Con J au. 1873
A.unuities, SO yrs, expire sth Jun., 1880 —
Do. for 30 yrs, expire sth April 1885 lll
Do (Red Sea Telet„raph), Aug., 1908 —
'Exchequor Bills, £l,OOO, 23 p. Ct. March
IDo. 3 do. Juue
Do £lOO, .0200 A; £5OO lO pm
Bank of England Stock, 41 per Cent
Ds. opening —
Canada 4 per Cent. Bonds —
Inter-Colonial ()minutia
INDIAN (3011XICNIIENT 6EDUItITIE6
India Stock, 101 per Cent., April 1879 —
Do. Opening, for Account —
Do. 5 per Cent. July, 1880
Do. 4 per Cent., Oct. 1888
Do. Certificates

Do. Enfaced Pape. 4 per Cant..,... 921"
Do. 5 per Cent., Jan. 1872 ... los}
Do. 5} per Ceut. May 1.879 —
Da 5 per Cent., Rup. Deb. 1872 —
Do do 1877 —
Do. do. 1882 —
DL. Deb., 5 per Cent., Aug. 1873
Do. Bonds; 4 per Cent., £l,OOO
Do. under £l,OOO
FOINION FUNDS— TWOIO'OLOOK.
Argentine Republic, 6 per Cent 79i 9
luitriaia Bonds 5 per cent —
Do. 1859 —
_ ___

Brazilian 5 per Cent —
Do. 4f per Cent. 1852 —
Do. do 1858....
Do. uo 1861
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 por Cont.
9.,tlian 6 per Cent —
no. 41 per Cent..., —
Do. 3 per Cent~
Po. 7 per Cent., 1866
Do. 6 por cent. 1867 951 1
7-1 lotubian, 6 per Cent.
Danish; 3 per Cent., 1825
Dan” bian Principalities, 7 per Cent —
Do 8 per Cent., 1867
Equador New Consolidated, 1 per Cent
Egyptian, 7 per Cent B2}
Do Second Issue —
Do. £SOC Bonds B3}
Do. £IOJ Bonds ..... 85
Do. 1864
Do. Account
Do. £5OO Bonds -
e..4.1A; Bonds ..,••
Po. 7 per Cont., 1868 .. ..
Government Railway Debentures

Greek 517 e; Cont., 1821 5, ox Coups --
Do. Account -
" Do. Coupons
Do. Account
mental:l. 5 per Cent . —
Honduras Gov 'Hail. Loan., 10 p.,C t., ell pd 83
lta:ian 5 per Cert., 1865 —

• Do. Account ~ _
Do Maremmana Railway —
]lexical 3 per Cent
Ditto fcr Account
Dn. 1864 —
Do 6 per Cont. Anglo-French
ilonteridpau 6 per Cent. . —
Mocrish imperial 5 per Cent —
New Granada —
Do 3 per Con 36}
Do. Deferred
Peruvian 5 per Cent. 1865
Do Account .. 79;61 -}

Do 4} per Cent. (Ul:l,arren)
Do 4f per Cent.. 1862 -. —
Do Account —
Portaguese 3 per Ct., 18537'6, 7,'9,'60,'2,'3
Do. do. 1.867 —
Do. do. Scrip, £2O paid —
Russian 5 i,er Cent., 1822, £ St
Do 4} per Cent • 1850
Do 4} per Cent., 1860
Do 3 per Cent., 1859
Do 5 per Cent., 1862
Do 'do, Scrip —
Do. Anglo-Dutch, 1864, £lOO BondE., ,
Do. do. £B4 15s. do —
Do., 1866, £lOO Bonds 931 4.
DJ. do £B4 15s. do —
Do Nicolas Railway 6B
Sardinian 5 per Cent 72i
Spanish 3 per Con . —
Do. Account

Do. 1867
Do. Accouut
Do. New Deferred
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.: _4_ • Bs}

Do Account • —
Do 6 per Gent. 1858

Do Account

Do £lOO Bonds —

Do 6 per Cent., 1862
Do. Account —
Do £lOO Bonds 67f
Do 5 per Cent. 1865 4lf f
Do Account
Do 6 per Cent., 186 b ' 64; f
Do 4 per Cent., Guaranteed
___

Do Laud Warrants (Hectares)
Venezuela 3 per Cent.
Do. Accbunt

Do 6 per Cent. 1864 —
Do Account
Dividends on the above payable in London.
Austrian o par Cent. Ex 10 Florins
Belgian, 44 per cent., Ex. 25f.
Dutch 24 For Cent. Ex. 12 Guil„ —
Do 6 per Cent., 1862 —
Do. 4 per Cent. Certificates 864
French Routes, 3 per Cent., Ex. 25f. —
It%lian 5 per Cent. 18E1, Ex. 251.
Do Account 52 i
TWO O'CLOOZ.

Consols, Money
Do. Account, Oct. 6 .............. 3

LITERARY ITEMS.—Samuel L. Clements, popu-
larly known as " Mark Twain," has become editor of the
Buffalo Express, and in his introductory address that Immo -
rous writer says :—"I am simply going to do my plain,
unpretending duty, when I cannot get out of it. I shall
work diligently and honestly and faithfully at all times and
upon all occasions, when privation and want shall compel
me to do it. 1 shall not make use of slang or vulgarity
upon any occasion or under any circumstances, and shall
never use profanity except in discussing house rent and
taxes. Indeed, upon second thought, I will not even use
it then, for it is unchristian, inelegant, and degrading—
though, to speak truly, I do not see how house rent and
taxes are going to be discussed worth a cent with-
out it."—Mrs. Elizabeth Cady Stanton is said to
meditate a lecture on "Kate and Petruchio." Mrs. Stowe
has secured, by her article of defamation, a lively sale, not
only for Macmillan's Magazine of this month, which has
run through its fourth edition, but for Byron's poems,
cheap editions for the million being advertised in the
American press. Close observers assert that the demand
comes from a class of persons who never read Byron before.
This is curious,and bears out the assertion of a writer in the
Standard that nastiness pays," but the public should stig-
matize itself, and not the writer of the nastiness. The experi-
ence of the New York booksellers, in this instance, shows
I that even the works of a great poet are only made saleable
by affixing to his name the zest given by a hideous crime.
There was wisdom in the advertisement of the Missouri
editor, asking for personalities of the meanest and most
scurrilous description for one column of his newspaper.
Even the Queen's Messenger would sell well if it would write
something really spicy like Mrs. Stowe.—Negotiations are
said to be pending for the transfer of one of the Brooklyn
dailies to Mr. Butler, nephew of General Butler, late of
Wilkes' Spirit, Mr. E. D. Webster, and Mr. J. It. Young.—
According to the Athenamm, Mr. E. Dallas is no longer
editor of " Once a Week." The "Broadway " and " North
British Review" have also changed their editors.—Capt.
Mayne Reid gives a deplorable account of how publishers
deal with authors. According to that well known nove-
list the accounts they render are in the highest degree
unsatisfactory, that is when they render any at all. They
are more apt at pirating, but when they do enter into an
agreement with an author, judging by Capt. Reid's expe-
rience, the author gets off but little better.
FLORIDA.—The Governor of Florida has re-
cently issued a proclamation for an election in the eight
westernmost counties of Florida, to settle whether they
will unite themselves with Alabama or remain as
they ate. The election is ordered for the 2d of No-
vember, awl if " yea," within sixty days of ter approval
by Congress, there will ba a transfer from Florida
to Alabama of all " that portion of Florida lying west of
the thread of the Chattahochee and Apalachicola rivers,
and west of a line running due south from the thread of
the mouth of the Apalachicola, bending west so as to pass
between the islands of St. George and St. Vincent." For
this Alabama will pay, in ninety days after date, " one
million of dollars, in bonds bearing interest at the rate of
eight per cent. por annum, payable at the Treasury of
Alabama in 30 years after the date thereof, the interest to
be payable semi-annually, be the City of New York."
Dakotah Territory, it is reported, will soon be
asking fo-r admission into the Union as a State. Villages
are springing up there rapidly, and more than five thou-
sand persons have emigrated to the Territory this sum-
mer. The present population is estimated at twenty thou-
sand, and forty-seven thousand acres of land have lately
been taken up under the homestead and pre-emption laws
by actual settlers.