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

TIONEY DIARKET

AND
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 Li*
stated that the directors of the London and
lyestrninster Bank will, at their next meeting in
(1413', recommend to the proprietors the issue of
52,000 new shares, upon which £2O per share will
e e dled up during the following 18 months, thus
increasing the capital to £2,000,000. They
also recommended that the above shares be offered
to 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
the opinion of the directors, amply sufficient for all
the functions it is intended to perform, and that
therefore henceforth the whole of the net earnings
of 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
directors' report and statement of accounts will be
Submitted. The balance at credit of revenue, in-
cluding £260, brought forward from September last,
tbi17,826. The directors recommend that out of
is balance a dividend at the rate of 8 por cent.
/bet
annum, less income-tax, be declared on the
A -up capital stock of the Company..
R'nt the meeting held to-day of the Grand Trunk
directors
Company of Canada, the report of the
'rectors was presented, which stated that, in accord-
ance with the resolutions passed at the meeting on
the 18th April last, the hoard have IPA two separate
conferences one with the postal and military bcmd-
holders
, and the other with some of the largest
holders of each class of bonds and stocks, represent-
ing about four millions of the company's capital. At
both these conferences the following resolution, by
Way of recommendation to the meeting to be held on
the 30th inst., was adopted :-Resolution-That it
be recommended that powers be applied for in the
"suing session of the Canadian Parliament to
convert the Postal and Military Bonds (say)
1,200,000 into Equipment Mortgage Bonds, at a
rXate equal to 60 per cent., or (say) £720,000 of
Equipment Mortgage Bonds, bearing a fixed
ate of interest of (say) 6 per cent., and to
t 41se a further sum of £480,000 Equipment
13
i_enda for the purposes of the company ; the
whole issue of these Equipment Mortgage Bonds
then
being £1,700,000, payable, Ist, out of the
postal and military revenue ; and, 2d, if need be,
I,‘,t. of the general net income. That the Act be
4°Ject to the consent of the postal and military
bondholders, and to a vote of three-fifths of the
bondA and stockholders present at a special meeting.
of'ththat powers be applied for tp change the name
Companyo
to ' The Canadian Railway Corn-
Any., 11
Atla •
title and Great Western Railway Debentures
remain4oo steady at 28 30 ex Coupon ; and the Con-
,ilated Mortgage Bonds at 21i 22.
.he official returns relating to the trade and
months
of :the United Kingdom for the four
ttii" ended 30th April have just been published,
tho shows that the total value of the exports for
£62", Period has been £56,186,529 against
1vh•7,57,579, showing a decrease of £6,171,050,
cotton i 8 most perceptible. Coals and culm,
dash yarn, cotton manufactures, liaber-
litiry and millinery, hardware and cutlery,
110011 manufactures, sheeps' and lambs' wool, and
tiers en and worsted manufactures. The importa-
re.,-m°f the principal articles have bean smaller as
br;t'i's raw cotton, provisions, tallow, flour, ruin,
Ive,ALY, and wine but larger as in sheep and lambs'
coffee, wheat,, currants, unrefined sugar, and
The •
ju the shipping accounts exhibit a slight decrease
trade aqiutint tnnvs.,er. Oho foreign
trien °f the United Kingdom, for both the en-
RatneiLill-ard3 and the clearances outw-a-rda, and the
rany"'a also be said of the coasting trade gene-
The
to this sat week's railway receipts, ascertained up
3 day, are in round figures as under :-
4 1867. 1866.
li Zat
nhu,.West -ern
76,051 80,160
Nth t," "stern ...118,243 128,924
.16r; I 'l' eater -*
32815 29,981
kittoti
***
***
***
*:: 29,972 24,912
04°1411-0- •••
•.:: :.. 51,761 55,016
Lane
,--48tera• :** 25,215 29,721
Line `4ortliem.„ "'• 38,223 85,438
tlatoarlirs and 45,620 63,752
Itoarth and Exeter...
74,0067,373 77312951-
I,444lllllB.ter,rheffielcl, and Lincoln 20011 26,682,
Osi n. tern 34,1 i 9 40,242
eu, eh
t • &thaw, and Dover ... 11,787 12,7
itet Nish 29,191 27 790
41'61'11)Nlitan •••
•••
4,372 4,836
okifil-hB°athe of •••1
11009 9'373
\likk-, and rGreaantdlVreesgtfeerrniloflrrelaannd 5,433 5,142
'11(3.4.1v 'tad South-Western - 11,492 11,710
Ntldijettlras, when compared with the corres-
t%ti 4, Period of last year, are generally of a very
her 4actory character. On the Great Western
Wes W is a decrease of f 4,109 ; on the North
t
°a theernof £10,861 ; on the Midland, of £3,235 ;
44,1. \°llth-Eastern, of £4,506; on the Lanclshire
t2et°rkshire, of £18,132 ; on the Bristol and
Liaeol ef £5l; on the Manchester, Sheffield, and
4,02' of £6,671; on the Great Eastern, of
of 43118.,; and on the London, Chatham, and Dover,
inerea ; while the South Western shares show an
itier4e of £2,861; the Brighton, of £5,030, which
l\icrtl;,,e. i 3 Owing to the Epsom races; on the Great
k 211.-11, of £2,785 ; on the North Eastern, of
and
on the North British, of £1,401.

/lin T) . Two o'CLocKt.his
be; '
A' ails Bourse, as usual, has been closed,
I,' 141.48eension-day.
,I la bei
vtle di neon-day.
Ascension Day,, or Holy Thursday,
iti rectors of the Bank of England have, accord-
-0
custom,
irk, h stem, been to church ; their business meet-
o'clock' therefore, been delayed until after two
set yet
atisptrodthe result of their deliberations has
ired.
firm. Market 1-tarket for English Funds continues very
Prey , Consols, for money, having further im-
hav:' 1, to 911 1, and, for theaccount, they
the; :i:e° ii to 92,1 i. For the June settlement
The -,,e aLse at 321 93. .
~ .
N 'ew Threes and R,educed
(It , Atrn"ni ties are 921
27:desw Two-and-a-Half 'per Cents, 76 ; Annuities
. "ea Telegraph), 19/- ; Exchequer Bills, 225. to
22- .Ptenl- ; Bank stock, 251 253 ; Indian. stock,4r
Cents, 4140, 5 per Cents, 111} 112 ; ditto pe
ilreel:rn(B:,#.9h7o ;paonrdeiadiiitto Enlaced 5 per Cents, 103.
still
eati 1143' Italian havßetoicmkprMovacrdk
let! buoyaincylexi..
to 521- 4 ; N
Acif,s_4-' t° 14 i ; Spanish Fassire 1, to 241 1 ;.Ce,rti-
to
Per
Cents.,
Ilanu-
-327 r: to 15-11; Turkish 5
bizthij 'Ausaian Scrip } to , 1 prem.
,;. andd.
Pre Scrip
1,111• -k, to 5 3 dis. ; Chilian is. to k
riea4 Y little
business has been transacted in Arne-
-394 48eetzlities. Erie shares have advanced I) to
74 N. ; and United States 5-20 Bonds it to
liztj. bUt iiiillOin remain at 76 I.
rernai `' Eihares continue very quiet, although prices
improved
to 04118teadY• Loudon Joint-stock have
to 18i ; Chartered of India, Australia,
Al''
18 and Union of London to 404 41.
and China
%.,,,
4:1,.,. ~,a
vainue and Finance Shares exhibit
an
41.4:!tial
ation. National Discount Companaty
6'l7t i4t
121 ; Hudson's Bay Company
m.
Pro yea enilar and Oriental Steam have i
72 72i.t0 53i 54, and Viceroy of Egypt Loan to
ro th
1)15, , Railway Share Market the dealing have
tliZuluaeteol:B thoeialigmoderate extent, the dealers and
chiefly engaged with the usual
tt44;ittl. onthly settlement. Prices, however (notwith
Of tiiillg the unfavourable traffic receipts on most
Drove 2 Principal lines), showed a slight im:
• L'"e'lt, Great Northern A stock have advanced
IS!'ena'llcashire and Yorkshire, 1/ ; Brighton, North
tafiteera, and Metropolitan each 1, and Great
I ;
wit'n, Great Western, and South-Eastern, each
Illu'le North-Eastorn (Berwick) have declined k.
ttri4l P°reigu and Colonial lines exhibit no ma-.. YariatiQii as regards values, Great Luxeca