The Sun.
London, England, 1869-09-07 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.
According to Reuter's telegram the French Rentes
to-day were 70f. 30c.

The fall which took place in stocks generally yes-
terday, owing to the unfavourable reports from
Paris, has to a great extent been recovered to-day,
and altogether there seomed to be a prospect of a
continued upward tendency in prices. The French
Rentes have also recovered, awl this circumstance
gives holders confidence to go on with business.
The rate of discount in the opn is still 21 to 21
per cent.

Consols has improved, at 921 to 923 for money ;
ditto, for Ac count, —; Three per Cent. Re-
duced, 913 1 ; New. Tkree per Cents, 911 1 ;
Exchequer Bills £l,OOO, March, prem. ; June,
8 prem. ; ditto £lOO, £2OO, and £5OO, March,
Prem. ; June, 10 prem. ; Bank of England Stock,
4 per Cent., 245.
ditto 5 India
Stock, 103 per Cent., April, 1874, —;
per Cent., July, 1880, 1134 11a ; ditto
4 Per Cent., Oct., 1888, 99:1 ; ditto Eufaccd
Paper, 5 per Cent., 1872, 1053; ditto Debentures,
104 ; Bonds £l,OOO, 30 prem.
In the Foreign Market, Italians has recovered
to to 521. Turkish Five per Cents. have im-
Proved, and are now 41 to 411; Mexican, 11 to 12 ;
and Peruvian, 781 to 791 ; Russian and Spanish
Stocks are flat. Among the former, the 1866 Go-
vernment Loan is 3 lower, at 931, and there is a
decline of 1 in Orel, at 841, and Charkof, at 81.
Spanish are now 273 lower. The 1864 Egyptian
Loan is flat, at 901, and the 1868 is 54. Viceroy's
Seven per Cents. are 80, and the Nine per Cents.,
973. Argentine are no better than 79.
Lombardo-Venetian stock has improved, and is
now quoted 19/.
In Railway Shares Great Northern are 1 better,
Great Eastern, 4 ; and Chatham, London and
North-Western, Metropolitan and South-Eastern,
each. Midland, Great Western, and Caledo-
nian are 3 lower, and London and South-Western,
1. The following are the prices :—Caledonian, 81
to.Bll
z Great Eastern, 373 to 373 ex div. ; Great
Northern, 1031 to 1041 ex div.; ditto (A), 101 to
101 exdiv. ; Great Western, 531 to 531 ; Lancashire
and Yorkshire, 1241 to 125 ex div. ; London and
Brighton, 443 to 443 ; London, Chatham, and
Lover, 16 to 161 ; London and North-Western,
116 to 1161 ex div. ; London and South-Western,
8,9 to 90 ex div. ; Metropolitan, 873 to 881 ex div. ;
Midland, 1164 to 1171 ; North-Eastern (Berwick),
114 to 1141 ex div. ; and South Eastern, 75 to 753
ex div.

la Bank Shares Agra A Shares are quoted at
11 to 11i ; Alliance, 124 to 13k ; Anglo-Austrian,
12 to 15 preen. ; Chartered Mercantile, 32k to 33i ;
,Consolidated, 4k to 41 ; Imperial Bank, 16 to 17 ;
imperial Ottoman, 12 to 2 prem. ; London and
County, 49 to 50 ; London and Westminster, 55-i
t°s6i ; Oriental, 42k to 44 ; London Joint-Stock,
to 31 ; and Union of London, 35 to 36.
American Five-Twenty Bonds are 82 to 82k ;
the Ten-Forties 7541- to 75:1 ; and Erie Shares, 23.
French Cable Shares are k better, being quoted
161 to 164. There is also a slight improvement
1.11 Construction and Maintenance, at 29 to 294;
411140-American are 201 to 20} ; and Atlantic
Eight per Cents., 22 to 2k.
There were no gold operations at the Bank
yesterday.
A meeting of the policy-holders of the Albert
'4ife Assurance Company, convened by the provi-
sional official liquidators, will be held on the 9th
681., " for the purpose of considering the best
mode of arranging the affairs of the company, and
the plan proposed by the provisional oiliJial liqui-
dators with reference thereto."
The Brighton Railway traffic return shows this
week a decrease of £747 compared with the corre-
sponding period of last year.
The traffic return of the Great Western Rail-
Vay of Canada, for the week ending the 3d inst.,
shows a decrease of £2,958 compared with the cor-
responding period of last year.
The ordinary meeting of the Commercial Gas
Company is called for the Ist of October, when
a dividend will be declared to the 30th of June
last.

The " LAnd and SJa Telegraph Construction
Company (Limited)" is announced with a lro-
Posed capital of £500,000, in 100,000 shares of
£5 each, of which £3 103. are to be paid on
application and allotment, and the remainder in
Itoietics at intervals of not less than three months.

It has been suggested that the failure of the
Albert Life Office should induce the Government to
increase the amount at which they will grant indi-
vidual policies from /50 to £5OO. Although nothing
can be more inconsistent with sound theory than for
the Government to meddle with trading concerns of
anY kind, whether for the sake of keeping the poor
in
6 strings or any other purpose, it would be
much less hurtful for them to take this course
than to frame a system like that in vogue in
the United States, where the despotic will of
a State Controller may confine the business to
one dull groove and mode of management. Let
the Government go fairly into competition with
ether offices, leaving those offices untrammelled by
the results, if there is anything in old experience,
:7111 soon show the superiority of private enter-
'r'se• It is only in the case of monopolies that
G
everument control can be of any advantage.
Where there is monopoly the question is simply
Whether it is better for the public to be in the
bower of an individual animated by no feeling
th-eePt the desire to extort as much as possible from
~en't for his own gain, or in that of the Govern-
e-41ellt) which, though its management may be
t4,1141,8Y, acts only in their name, and is responsible
-I,tneir illdgment.
rii:itiring the speculation in telegraphs which is
ely to characterise the next few years the public
aY exPect to be served by the electricians after
rai fashion pursued by the engineers during the
C
lway mania. They will be invited from
eele to time to construct some specific line at a
-e477 cost, on glowing representations from the
180 Perts
in these matters as to probable results, and
Peedl3 eellaS the required subscriptions shall have been
theY will find some rival line projected by the
p? same parties, who will then in the " rapid
h-press of electrical science" have discovered that
eme eW one can be laid in a much more speedy and
the
manner at oor :-10 per cent. less expense.
c Partisans in this) game will then, with an air of
tolltdi,°llr, admit that the position of the subscribers
tit —e first company is hard, but will at the same
own they
knne Point out that these subscribers must have
were liable to contingencies from the
pcertch of improvement, and that they must not ex-
for it,this march to be arrested out of consideration
"eir individual interests. In all cases, excepting
those in which a company shall have obtained some
kits
the of exclusive concession, investors must hold
tmselves prepared for this fate.
th„, (~Y the last advices from Brazil it appears that
the 7tejerument, under an Imperial decree dated
ef August, have sanctioned the plans sub-
Lane- bY the engineers, Messrs. Brunlees and
raiiw, for the itio commercial wharves, and a branch
AvheaY to connect them with the Don Pedro line.
and
tilb these comprehensive works are carried out,
Pron2,1)011 Pedro Railway is connected with the
4"u the constant complaints as to
want
cif ,
cease, sli'PPlng accommodation will, it is stated,
inr, and the great cost of transhipping and cart-
6. goods through the city is expected to be much
,tisenea.

EIZITISII I' elillS—'l'WO O'CLOCK.
~,,,,q(YrtitxmlixT ruND3.-
or Cent Cons°l 3
8 08',.!'to° for A.,;courit, St pt, 8
Isl - ' 'ent. tloduerti 9l
INZ 3 Per tient
A 41 )
Do, 1 IV°. 12i( :1 tort'll t,:
(1 .4. oiles) °
FFE: S' ,
3., Juanx° )1:1 :. • ie. rl:sBt 57:t31: Aprilja ll 1
81
h ' 58
.1
: : 91-11013
-6
1
tx,,- ,d k4ort'Pele6rapli), Aug., 19"•••
,hekilizr Bills, 4:I,IJUU, 2i r. Ct. March
Do
14, • 3 do. Juue
41 00 , 4200 & Xsoo.ifis• 10 pm