The Sun.
London, England, 1869-08-02 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
Consols are dull to-day at 93 1 for money ;
ditto, for Account, —; Three per Cent. Re-
duced, 93 ; New Three per Cents, 93 1 ;
Exchequer Bills £l,OOO, 3 7 prem. ; ditto £lOO,
£2OO, and £5OO, —; Bank of England Stock,
4 par Cent., 245.
India Stock, 101 per Cent., April, 1874, ;
ditto 5 per Cent., July, 1880, 1111 s ; ditto 4 per
Cent., Oct., 1888, ; ditto Bonds under £l,OOO,
27 prem.
In the Foreign Market Spanish have fallen to
281 to 291. Egyptian (1864) have receded to 92 ;
and the 1863 Bonds to 771 ; Egyptian Nine per
Cents., 971 ; and Egyptian Seven per Cents., 812.
Argentine, 801. Peruvians, 78. Turkish Five per
Cents., 441 ; and the Ilondurs Loan, 83 to 84.
In Railway Shares there has been a fall. The
current prices are :—Caledonian, 801 to 81; Great
Eastern, 391 to 391; Great Northern, 100 to 107 ;
Great Northern (A), 103 to 1031 ; Great Western,
to 51/ ; Lancashire and Yorkshire, 1271 to
128; London and Brighton, 441 to 451 ; London,
Chatham, and Dover, 16} to 161 ; London and
North Western, 118/ to 1191; Metropolitan, 100}
to 101; Midland, 117/ to 1181; North Eastern Bet-
'wick, 112 to 113 ; and South Eastern; 761 to 761.
American Five-Twenties have declined f to 831,
and Erie have fallen to 191.
The following are the quotations for telegraph
shares :—Anglo-American, 211 to 21i ; Atlanaic
Telegraph, 20 to 21 ; ditto Preference, 21 to 31;
Anglo-Mediterranean, 161 to 17 ; British Indian,
2 to 11 dis. ; French Cable, 21 to 211 ; Falmouth
Telegraph, 1 to f prem. ; Great Northern Tele-
graph, 1 to 2 prem. ; and Telegraph Construction,
28i to 284.
In Miscellaneous Securities prices show no mate-
rial alteration.
In Bank Shares prices are steady. Union of
London is 10s. higher, at 342 to 351, and Imperial
Ottoman 1, at 38 to 41 prem. ; but London and
County is Hrs. lower, at 501 to 511 ; London and
Westminster, 551 to 561 ex div. ; and Joint Stock,
29 to 30 ex div.
There were no gold operations at the Bank on
Saturday.
The Biafra, from Africa, has brought £8,524.
Advices from Paris appear to indicate that the
report of an intended new Egyptian Loan, although
incorrect, was not so entirely fanciful as might have
been supposed from the sensitiveness manifested
With regard to it. The assertion is, that although
the Viceroy, under the conditions of the last trans-
action, could not go at once into the market to con-
tract anything that would be openly termed a fo-
reign loan, he has lately negotiated at Paris a mil-
lion of Treasury Bonds at 13 per cent. interest.
The American press appear to be almost unani-
mous in their welcome of the French Atlantic
Cable, and some of the principal journals strongly
condemn the step taken by Mr. Fish, the Secretary
of State at Washington, to compel the company to
subscribe to the terms of the bill introduced but not
Passed iu the last Session of Congress, as a condi-
tion of their being allowed to land. The New York
j°l4l'nul of Commerce observes that if there were
any law forbidding the landing of the French
Cable on the American soil without the consent
oj the United States' Government, then Senator
1811 would only be doing his duty in warning it
off. " But there is no such law, and it is not the
business of the President or Secretary Fish any
nlore than of any private citizen to set up as the
laws, making power, and all decrees emanating from
them without the warrant of the Constitution or of
Congress are null and void." The same journal ad-
mits that Mr. Fish was doubtless actuated by pro-
Per motives, but thinks it " not impossible that his
nand has been swayed unconsciously to himself by
the representations and counsels of those who have
been lobbying against the French line." At the
same time, it is predicted that all opposition to the
enterprise will fail. 6, The people have made up
their minds to have this second telegraph to Eu-
rope," and Congress, it is affirmed, will not dare to
face popular indignation by countenancing the
sehetnes of those who would seek in any way to
thwart it. As regards the existing English com-
pany, there is reason to believe that the directors
have been wise enough from the first to recognise
the natural field that existed for an independent
line from the Continent, and to be prepared to view
it without the least hostility ; but it is plain from
What is stated in New York that some parties there
Who are understood to be connected with the coin-
Pall have been pursuing a different course, and
have exposed themselves, from the transparency of
their motives, to severe criticism. The new French
line Will open for business on the 15th of August.
The report of the Oil Seed Crushing Company
3114inlited), to be presented on the 11th inst., recom-
ends a dividend of 28s. per share, being equal to
8
Per cent. per annum, which will absorb £4,607,
gnel... leave £1,074 to ba carried forward.
It is announced that the final dividend of 7s. in
thelPound (making with the previous dividend 17s.
Lhe pound) is in course of payment to the credi-
"°4 of the Commercial Bank Corporation of India
and
1,, the East, at the offices of the official liquidator,
Gresham-street.so_
Come liquidators of the Imperial Austrian Gas
Pany (Limited) have notified their readiness to
'thaeyein full the whole of the claims proved against
9th "'Puy. The payments will be made on the
of August, at the offices of Messrs. James, Ed-
'wars_
AnCash, and Stone.
ssn
sew extraordinary general meeting of the Nova
Iv, la and New Brunswick (Intercolonial) Rail-
Aug
Company (Limited) is called for the 10th
s,ovin
gu't) " for the purpose of considering and ap-
or gon the part of the company a memorandum
contract, bearing date the 7th day of July inst.,
"tartered into between the Government of New
nnswick and Charles Henry Grant, the attorney
or
toiagent of the said company, for the sale of the
vielleanY's railway in the province of New Bruns-
/Ile,: on the tetras and conditions stated in such
l°randum or contract."
jtZe applications for the Preference Stock of the
e'repolitin District Railway were very numerous
tr Saturday, and a good deal of business was
gusaeted at 1 to 11 prem., this being the closing
cluotaaion.

IIItITIIII FLUIDS-TWO O'OLOOK.

8 (4°vERNILENT FUNDS.;
Pet eent• Consols
I). •
...
_
a kW) for Account, July 7
N per Uent. Reduced 93 *
ew.
93 *
Nei' 0 per Cent
1j,21* Per Cont. Jan. 1891
4 w• 6 per Csn Jan. 1873
D4lattities, 30 rs,expire sth Jan., 1880.
Doc) for 30 yYr ,s exepire sth April 1885 — t (lted Sea Telehraph), Aug., 1908 —3
pm
tollecin.r Rills, .£l,OOO, 2f p. Ct. Marcli
bc, Do. 3 do. June
tta,„,. £lOO, £2OO & £5OO —
15: cif England Stock, 41 per Cent
Qa,t L' Veiling --
141 -"a 4 Per Cent. Bonds —
ler-Oolonial Uranium
lld'l'q3lAN UOVED.NMENT SECURITIZB.
do 4. 4:)ek, 101 per Cent., April 1874 —
br,•Pening, for Account
bo"' 0 Per tient. July, 1880
ts ' 4 Per Cent Oct. 1888
0. , . .., 101
0 Certificates —
I)°,' '''.. °faced Fape. 4 por 0Ant....... 921
Dr; ° Per Cert., Jan. 1872 ~.....r. lO5l I I
t,,' 9 Per Cent. May 1879 —
" 0 pe- e t R Deb. 1872
A en ~ up.
Do
do 1877
1)0
1.),, 1, ' do. 1882 —
p._ Bo b•, 5 per Cent., Aug. 1873
At. 0 g r °REIGN FUNDS— TWO O'CLOCK.
IQ tltltie Republic t per Cent
14.1 an Bonds 5 p' er cent .. —
°
131.,,,., Do. 1859
tip 'lLiall 6 por Cent
b It Per Cent. 1852
1.10, u' d 1858.... ............. -•
bo clu• 186 '
bo do., 1803
P 0 • 5 per Cent., 1865 —
D Account B-11
t°oB Ayres 6 per Cent.
%I, '') 2 Per Cent. (Deferred 3 per Cont —
0.i,1:' Per Cent
Do
6 per Cent • . —
1.) • 41 per Cent.... <.—
L°' 3 Per Cent., ......
1)'o• 6 per ceet. 1867 _
0 I°' 7 Per Cent., 1866
two. olnan, 6 per Cent. _
.
bit„Q1418,1I; 3 per Cent., 1825 ' , -
'4444l)4Agipgities, 7 per' Cent,,,,,, 841 4

Do 8 per Cent., 1867 —
Equador New Consolidated, 1 per Cent,
Egyrtian, 7 per Cent —
Do Secood Issue —
Do. £SOC Bonds. —
Do. £lOO Bonds • •••• --
Do. 1864
Do. Account
Do. .£5OO Bonds
Dc. MOO Bonds O4 34
Do. 7 per Cent., 1868
Government Rail way Debentures 984
Grecir 5 per Cont., 1824 5, ex Coups. —
Do. Account
Do. Coupons
Do. Account
laaretnala 5 per Cent . —
Honduras Gov Rail. Los n., 10 p. Ct., all pd 834
lt.than 5 per Cert., 1865 —
Do. Account . —
Do Maremmana Railway
"lexicon. 3 per Cent —
Ditto for Account
Do. 1864 —
Do 6 per Cont. Anglo-Frerah —
,ciontevideau 6 per Cent. .. —
go :rish 'lmperial 5 per Cent
New Granada ... l7l
Du 3 per Oen , —

Do. Deferred
Pe.-uvian 5 per Cont. 1865
Do Account 774 84
• Do 41 per Cent. (Ux:lairren) •••
Do 41 per Cent.: 1862
Do Account
Por..sguese 3 per Ct., 1853, '6, 7, 33
Do. do. 1867 34
Do. do. Scrip, £2O pa,i 1—
R issian 5 per Cent., 1822, £ St
Do 4k per Cent 1850
Do 41 per Cent., 18C0
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
DJ. d 3 £B4 los. do —
Do Nicolas Railway
Sarlinian 5 per Cent
Spanish 3 per Cen .
Do. Acce...unt .....
Do. 1867
Do. Account
Do. New Deferred
Do. Account .
Do. Passive •
Do. Coma Cert. of Coup. not funded
Do. Account
Swedish Provincial Mortgage Loan
Do Government, 1864
Do do, 1868
Turkish 6 par Cent.

29 81

Do Accoiint
Do 6 per Cent. 1858
Do Account
Do £lOO Bonds
Do 6 per Cent., 1862 674
Do Account
Do .£IOC Bonds 684
Do 5 per Cent. 1865
Do Account
Do 6 per Cent., 1860
Do 4 per Cent., Guaranteed
Do Laud Warrants (Hectares)
Venezuela 3 per Cent.
Do. Acc.-ant
1/o 6 per Cent., 1862
Do 6 per Cent. 1864
Dividends on the above payable in London
Austrian 0 psr Cent. Ex 10 Florins
Belgian, 44 per cent., Ex. 25f.
Dutch 24 per Cent. Ex. 12 Guil,.
Do. 4 per Cent. Certificates ..... —
Do. Account
French Routes, 3 per Cent., Ex. 25f.
lhlian 5 per Cent. 1831, Ex. 25i.

Do Account ssi
7WO O'CLOOS.
Oonsols Money
Do. Account, August 5

PARIS CORRESPONDENCE.

SUNDAY.

The notable case of Taillefer and Pic came to a con-
clusion on Saturday, when both prisoners were found
guilty, the verdict allowing to Taillefer extenuating cir-
cumstances. The court condemned him to seven
years' imprisonment, and Pic, the ex-banker
and newspaper proprieter, to twelve years of
hard labour. The charges against the two were, it will
be remembered, that Taillefer bad defrauded his em-
ployers, the insurance company, of some £60,000, and
that Pic, the manager of the Etendard, had appropriated
most of this sum to his own purposes. On the last
day of the trial the court was thronged, and the
addresses of the several counsel were listened to
with marked attention. M. Lochard, who defended
Taillefer, the cashier, produced a great effect.
Pie's counsel, who followed, endeavoured to save his client
at Taillefer's expense, and laid great stress on the fact
that Taillefer, when first detected, did not accuse Pic of
complicity. It will be seen from the verdict that the
judge and the jury were not inclined to accept M. Pie's
version of the story. The evidence, in fact, skews that he
was fully aware that the sums he drew daily from Taillefer
were stolen, and that the cashier's only hope in continuing
his frauds was that the Etendard might enable its pro-
prietor, Pic, to pay back the stolen money out of the profits.
The evidence respecting the semiofficial journal was not a
little curious. Pic being short of money and pressed'for
repayment by 7'aillefei, bethought him of starting a
paper, and applying to two contractors of public works,
to whom the State and the city were alike in debt, he
told them that if they would help him in Ids
project, the paper should assist them in getting their due.
He promised that he would obtain the Legion of Honour for
one of them, and actually introduced him to M. St. Paul, the
secretary to the Minister of the Interior. But at this
point the President interfered to cheek indiscreet revela-
tions, saying "You need not go into that," which, of
course, piqued everybody's curiosity still further. It is plain
that there was some official connivance in the starting of
the Etendard, though the reticence observed on the trial
leaves us in doubt how far it extended.

Public meetings have been virtually tabooed since the
elections ; but one was tolerated last Wednesday. An
account of the proceedings appear in the Rappel. The sub-
ject of discussion was monopoly and privilege. After the
assembly had elected its officers M. Mathorel opened the
debate by remarking that since they had met
monopoly had made fresh strides, and especially
referred to the Ottoman Railway, complaining of
the absorption of French capital for the Lenefit
of speculators. M. Gerard, another speaker, cen-
sured the various financial monopolies of the Bank of
France, the Credit Foncier, and similar institutions. M.
Tolain referring to the recent terrible mining accident,
pleaded warmly in favour of a new system of mining
inspection, and, at the close of an eloquent
speech, recommended the adoption of a uniform
tariff for railways as for postage. These apparently simple
remarks produced extraordinary effects. M. Mathorel,
in commenting on it, said that it was part of the policy of
monopoly to take work fsom Frenchmen and give it to
foreigners, to give foreigners the benefit of the salaries, to
draw the sugar from France to give it to the foreigner.
These words aroused the ire of the Commissary of Police,
who declared it to be illegal to say that France was sold
to the foreigner, and dissolved the assembly. There was
a universal outcry, the members declaring that the Com-
missary had misinterpreted the orator, who was referring
to a purely financial matter. However, the Commissary
was inexorable, and the assembly broke up in strict order,
though a vigorous protest was immediately posted on the
walls of the hall.

M. Guyot-Montpayroux has just addressed a letter to
his constituents. He protests against the prorogation,
which he considers to have been most inopportune, since
the deputies were dispersed at the very moment when
they were supposed to take a more prominent part in the
affairs of the country. He says that the Left had wished
to make a protest concerning this matter, but found
it inexpedient to do so, but he declares that the
Left represents the real sentiments of France, and recog-
nises the wishes of the people. Its members agree as to
the necessity of the country being governed by itself. He
concludes by saying that the present Chamber ought to
be dissolved, and the system of official candidature should
be done away with.
The Empress's schemes of travel are still talked of.
According to some accounts they are tolerably ambitious.
She is at first to proceed to Corsica, accompanied by the
Prince Imperial, to keep the centenary of Napoleon I.
From thence the Empress and her son are to journey to
Arenenberg, when the young Prince will return to
France, and his mother, after passing through the Tyrol
to Venice, will embark for Constantinople, visiting subse-
quently the Holy Land and the Isthmus of Suez. Part
of this programme depends on the relations between
Turkey and Egypt.

Mdme. Gant, the proprietress of a eaf6 in the Quartie
Latin, was tried yesterday by the Correctional Police
for permitting gambling in her establishment.
She defended herself on the plea that her customers
bad left her for those houses where play was
tolerated, although she had tried all sorts of
attractions, such as substituting young women, dressed in
Italian costume, for the ordinary waiters. She added that
when she at last agreed to permit play to go on, she had
refused to admit sharpers, and on one occasion had de-
clined an offer of £2.00 from a doubtful individual, who
wished to be made director of the play. The tribunal
was, however, obdurate, and condemned her tJ two
months' imprisonment, and inflicted the usual penalty of
seizing the stakes and cards and confiscating the furniture
of the apartment.
A Parisian lady has just accomplished an extraor-
dinary feat. The Countess de Bozier accompanied
her husband in the ascent of Mont Blanc by the Bosse-du-
Dromedaire, which is a very dangerous route. They
passed a night and a day at tho Grands Mulcts,
where there is magnificent scenery, They recommenced
the ascent by torchlight, and were nine hours before they
reached their destination, having to cut steps in the ice
as they scaled the Bosse-du-Dromedaire. The Countess is
the second Frenchwoman that has ever been up Mont
Blanc,-and the only female excursionist that has passed
over tilt .