The Sun.
London, England, 1867-07-13 00:00:00

DIVIDENDS.

It should bo borne in mind that all dividends on Ameri-
can Railroads are declared at so much per cont. on the
capital, and not, as on English Railroads, at so much per
c,nt. per annum.

Illinois Central
Rome, Watertown, and Ogdens-
burgh
Norwich and Worcester
Michigan Central
Metropolitan (of Boston)
Panama
Chomung 2 do. d 0.... do. do. 1
Hartford and Now Haven
Pitts., Fort Wayne, & Chicago 21-do. d 0.... do. do. 16
Connecticut River 4 do. d 0.... do. do. 1
Fitchburg
Boston and Lowell
Providence and Worcester
Wostn. of Massachusetts 5 do. csh
/
and 30 do. stk} ' . .do do. 1
Chicago, lowa, and Nebraska 5 do. d0....d0. do. 1
Portland and Kennebec
At the close of last week the London Market for Ameri-
can Securities was dull and inactive, but during the past
three days the buying on Continental account has been
resumed, and United States Government Bonds close firm,
the 5-20's of 1862 being last quoted 73 to 734. The Bonds
of 1865 have been in considerable request, and the differ-
ence in price between them and the previous issue has
sensibly diminished, the closing price being 71} to 711 or
Ithree quarters per cont. better than this day week.
The announcement of the customary dividend on Illi-
nois Central appears to give confidence in the undertak-
ing, which we Lelieve to bo in a sound and prosperous con-
dition ; the shares have improved to 80 to Erie shares
have been largely taken on American account, and are last
quoted 441 to 1

Atlantic and Great Western Consolidated Bonds have
been dull, and close flat at 24 to 25 ; the transactions have
been on a more limited scale than usual, and the decrease
in the traffic receipts for the two first weeks in July has
induced some selling.

(From Messrs. L. P. Morton and Co.'s Circular.)
NEW Youx, Juno 29,

Since our last advices monetary affairs have shown a
steady reaction toward ease. While the movement at the
Treasury has returned but little of the large amount of
currency recently taken into its vaults, the largo sale of
bonds to the interior have caused an increase of legal ten-
ders at this centre, and call loans have declined to 4 to 6
per cent.

The gold premium is again sensitive and fluctuating,
and has advanced 1.1 at 2c., notwithstanding a decline in
the exports of specie, and the prospect of the payment of
about nineteen millions of coin interest, by tho Treasury,
on July Ist. The anticipation of the reassembling of Con-
gress in July creates a somewhat unsettled feeling in busi-
ness circles. It is apprehended that the session may be
prolonged, and that questions may be raised which will
tend to renew the lethargy in the trade of the country,
caused by the discussion of exciting political issues
during the last session. At the same time there is a lack
of confidence in the permanence of pacific relations be-
tween France and Prussia, which has a certain tendency
to maintain the premium.
Apart, however, front these political considerations, the
tendency of affairs has favoured a steady improvement in
the tone of business. The crop prospects, in all sections,
afford substantial ground for the expectation of au active
business, and of a decline in prices which will go far to-
ward remedying the difficulties under which our industries
are at present placed. The weather, though in some sec-
tions unusually cool and wet, has been upon the whole
highly favourable to the maturing of vigorous crops and to
an ultimate ample yield of the cereals.
The general trade of the country continues dull, and,
as a consequence, United States securities are in very
active demand for the employment of idle funds, and
continue high and firm. The causes which have induced
the extraordinarily high prices of bonds appear to have
been much the same as have contributed to the advance of
Consols. Tho generally unsatisfactory results of husi-
ness,:and the disposition among prudent capitalists to
keep aloof from trading investments until affairs are
upon a Wunder basis, baits naturally owed s, specially