The Sun.
London, England, 1867-05-30 00:00:00

X.A,RKET

COMMERCIAL INTELLIGENCE,

TWELVE O'CLOCK.

The Specie movement has tended much of late to
Increase the easiness of the money-market. Since
the last
Gazette return £570,000 has been taken to
the Bank of England, including £113,000 yester-
day; the bullion, therefore, must have been largely
increased.

It is stated that the directors of the London and
Westminster Bank will, at their next meeting in
Jule,
5 recommend to the proprietors the issue of
bis'°°o new shares, upon which £2O per share will
e up during the following 18 months, thus
increasing the capital to £2,000,000. They
1118° recommended that the above shares be offered
° the Proprietors share for share, at £lO premium,
and that this premium be added to the reserve fund,
Which will then amount to £1,000,000, a sum in
c °Pillion of the directors, amply sufficient for all
the„ functions it is intended to perform, and that
therefore henceforth the whole of the net earnings
!f the bank will be available for distribution among
the proprietors.
To-morrow will be held the ordinary half-yearly
general meeting of the shareholders of the Trust
and
Loan Company of Upper Canada, when the
'rectors' report ant: statement of accounts will be
submitted. The balance at credit of revenue, in-
cluding £260, brought forward from September last,
i5L17,826. The directors recommend that out of
'is balance a dividend at the rate of 8 per cent.
Per annum, less income-tax, be declared on the
,„
ra'u-up capital stock of the Company.
At the meeting held to-day of the Grand Trunk
ttllihvay Company of Canada, the report of the
i
!rectors was presented, which stated that, in accord-
ance With the resolutions passed at the meeting on
the 18th April last, the board have had two separate
te°llferences, one with the postal and military boied-
old
en, and the other with some of the largest
uholders of each class of bonds and stocks, represent- ,
Inv
about four millions of the company's capital. At
"loth these conferences the following resolution, by
WaY of recommendation to the meeting to be held on
the 30th inst., was adopted :—Resolution—That it
b
e recommended that powers be applied for in the
ensuing session of the Canadian Parliament to
convert the Postal and Military Bonds (say)
11200,000 into Equipment Mortgage Bonds, at a
rrate equal to 60 per cent., or (say) £720,000 of
iliPluent Mortgage Bonds, bearing a fixed
ate of interest of (say) 6 per cent., and to
raise a further sum of £480,000 Equipment
n
.2nds for the purposes of the company ; the
ole issue of these Equipment Mortgage Bonds
twii!a
bnen being £1,700,000, payable, Ist, out of the
07%1 and military revenue ; and, 2d, if need be,
t. of the general net income. That the Act be
4
Oect to the consent of the postal and military
'ndbolders, and to a vote of three-fifths of the
bonali and stockholders present at a special meeting.
oTnti that powers be applied for to change the name
P„ ne 1 y
compa --
to The Canadian Railway Corn-
n

re Atlantic and Great Western Railway Debentures
soilrl.ala steady at 28 30 ex Coupon; and the Con-
Pted Mortgage Bonds at 21k 22.
y.he official returns relating to the trade and
ina,'„ignation of .the United Kingdom for the four
that
ended 30th April have just been published,
show that the total value of the exports for
G 3 period has been £56,186,529 against
vir'57,579, showing a decrease of £6,171,050,
to tit-1 i 8 most perceptible. Coals and culm,
da,"„°4 yarn, cotton manufactures, haber-
iij'erY and millinery, hardware and cutlery,
manufactures, sheeps' and lambs' wool, and
°-en and worsted manufactures. The importa-
tiote ',4 of the principal articles have been smaller as
trbards raw cotton, provisions, tallow, flour, rum,
VnanidY, and wine, but larger as ill sheep and lambs'
tea e'ffee, wheat, currants, unrefined sugar, and
_.

in the e thiPping accounts exhibit a slight decrease
tray moping
of tonnage employed in, the foreign
tri„e, of the United Kingdom, for both the en-
gal; tnwards and the clearances outwards, and the
rall3er.inaY also be said of the coasting trade gene-

to tbie last week's railway receipts, ascertained up
day, are in round figures as under :-
1867. 186 G.
... 76,051. 80.160

,
...118243 128,921
... 32,845 29,984