The Sun.
London, England, 1866-10-09 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE,

TWELVE O'CLOCK.
The commercial requirements are just now of the
Most limited description, and as there is a vague
possibility of the Bank of England minimum being
reduced on Thursday, there are fewer bills brought
forward than would otherwise be the case. The
quotations for first-class paper are 4-e and 4+ per
cent., and in the Stock Exchange loans on govern-
ment Stock from day to day arc 3 and 4 per cent.
The Stock Exchange Markets have opened with
a firm appearance, and a fractional improvement
has taken place in most descriptions of Foreign
Stocks, and in the different classes of share pro-
perty. The arrangements for the monthly settle-
ment in the English Funds are proceeding satisfac-
torily, but Consols are weak, and are quoted 891 I
for money, and 891 for November.
Messrs. Neill, Brothers, and Co., in their cotton
circular dated New York, 25th September, state as
follows :—" In this market there has been a good
demand, with sales since our last of 22,000 bales.
We now quote Middling Uplands 37c., an advance
since last week of 3c. per lb., caused mainly by
Speculation, consequent on the less favourable crop
accounts. Growing Crop.—The advices received
this week are generally unfavourable. There is no
doubt that in some sections the worms have reap-
peared, and these and excessive rains have com-
mitted serious injury. The vast area of country in
which cotton is grown, and the fact that most of
those who make good crops keep silent on the sub-
ject, should make us cautious about believing too
readily a " short crop cry."
In the Foreign and Colonial Produce Markets
during the last few days there has been an absence
of animation, and several of the principal staples
have been at slightly reduced rates. Sugar has
barely supported previous quotations, while the
dealings in tea have been deferred until the public
sales, which commence to-day. In coffee a mode-
rate amount of business has been done, while rice
has been neglected, and tallow has slightly declined,
Owing to the large arrivals daily expected from
Russia.

The sum of £50,000 in sovereigns was withdrawn
from the Bank of England yesterday for shipment
to Brazil.

a meeting of the shareholders in the
above bank, held on October 1, for the purpose of
attempting a resuscitation of the concern, Mr. Peter
Broad, chairman of the committee of investigation,
in stating the losses incurred at the various branches
up to Christmas last, and, referring to Aldershot,
said g‘ that through some fraudulent transactions
on the part of the manager there was a. loss of
upwards of £12,000 !"
As manager of the Aldershot branch of the bank
at the time referred to such a statement was calcu-
lated to do me much harm, and accordingly I called
upon Mr. Broad to explain that the irregularities in
question were committed by a previous manager, in
reply to which I have received the following
letter :
Oct. sth, 1866.

Dear Sir,—l am in receipt of your favour, and much
regret that any observation of mine should have been so
reported as to cause you any annoyance.
With regard to the estimated loss on your branch, that,
like most of the others, arises principally from the stoppage
of the bank, and not from any fault of yours.
The heavy loss previously sustained occurred prior to
your appointment, and, of course, can have no reference
to yourself.
You are at liberty to make any use of this note you
please. Yours faithfully,

Win. Sharp, Esq., Aldersbott.

PETER BROAD.

Great Eastern Steam• Ship Com, any.

- s -

MEETING THIS DAY.

An extraordinary general meeting of the shareholders
of this company was held ut the London Tavern to-day,
" to consider and determine what steps should be taken
with respect to the 2,500 shares in the Anglo-American
Telegraph Company (Limited), held by the company ; and
the £30,000 in ordinary stock, to which the company is
entitled under the charter party and by the Great Eastern,
dated the 25th day of May last, to declare a dividend, to
fix the remuneration of the directors for their services
since the formation of the company ;" and for other pur-
poses. _

Sir Daniel Gooch, Bart., presided, and on opening the
proceedings moved a resolution to the effect that the 2,500
shares should be distributed amongst the shareholders.

Mr. W. BARBER seconded the resolution.

The CHAIRMAN said that he had to congratulate the
shareholders on the success that had attended their endea-
vours in laying the Atlantic Telegraph Cable. (Hear,
hear.) In spring last he predicted the Most favourable
results to their enterprise, and those results had been fully
realised. The Great Eastern was instrument 4 he believed
essential, to effect the laying of the cable. He would not
say positively that it could have been effected by the
means of smaller vessels, but he believed it could not be.
He read a passage from a report of last year to the
Electric Telegraph Construction Company, in which it was
asserted that the Great Eastern from her size rendered her
fit fez the laying of the cable. It was thought advisable
by the directors that for the present X 50,000.: should
be reserved.
Mr. W. BARBER seconded the resolution.

A SHAREHOLDER objected to reserve £50,000 as the
company had already £ll,OOO reserve fund, and he thought
a report should be presented to the shareholders which
would enable them to understand their affairs better.
Mr. MITCHELL considered that the matter in question
should be left entirely in the hands of the directors, who
had already discharged their duties so efficiently, and on
whom he passed a high eulogium, referring to the distinc-
tion conferred on tho chairman.

The resolution was then agreed to.
The CHAIRMAN then moved a resolution, the object of
which was that arrangements might be made so as to enable
the company to let the ship without having to pay for re-
fitment. That resolution touched the question of retaining
£50,000 ; for, if they could not succeed in letting the ship
on such terms they would require a large sum for refit-
ment.

It was agreed that the directors' remuneration should be
fixed at 2f per cent. It was also agreed that £20,000
should be voted for the directors' services up to the present
time.

After a vote of thanks to the chairman, the proceedings
terminated.

Great Eastern Railway.

SPECIAL MEETING.-THIS DAY.

A special general meeting of the shareholders in this
company was held at the London Tavern for the purpose
of considering the propriety of raising additional capital.
Mr. Turner occupied the chair.
The CHAIRMAN said he regretted to have to appear
before them that day to advocate a line of policy which he
did not approve, but he was compelled to advocate that
policy from sheer necessity, and not with a view of
annihilating the ordinary stockholders in that great com-
pany. The metropolitan extensions of the company have
been fully considered, and it had been found that the cost
of abandoning them would be greater than that of
proceeding with them. The lines originally proposed
amount to 28 miles, but it had been determined to postpone
the consideration of proceeding with 17 miles of railway
and thus reducing the new lines to be constructed to 11
miles. Amongst the new lines to be proceeded with was
that from Liverpool-street to Bishopsgate-street, from
Bishopsgate-street to the coal depot, and from thence to
Hackney. The Winchnore Hill line was amongst those
which had been postponed. With this object it became
necessary to raise a large addition to their capital, and in
order that they might know exactly the amount, and that
there should be no raising of money by a 'sidewind ho
would communicate to them the exact amount to be created.
It was proposed to create new capital to the amount of
£3,210,423, in addition to which it was proposed to raise
in bonds and preference chares £1,810,960, making in all
£4,295,383. The 3,1• millions was required for extensions
and other purposes, and £1,000,000 was required to repay
private loans. The charge against capital, therefore, for
the future would be 2f millions for metropolitan exten-
sions, and one milion against revenue more than existed at
present. It, therefore, became his duty to move a formal
resolution to embody the propositions he had made in his
speech, at the same time intimating that it was proposed
to allot the shares amongst the ordinary and preference
shareholders of the company. Before he resumed his seat
he must tell the meeting that the debts of the company
were of such a pressing nature that additional capital must
be at once found. The resolution he had to move was as
follows :

"Resolved, That pursuant to the resolution of the extra-
ordinary general meeting of the shareholders held on the
9th October, 1866, and the powers conferred by the Great
Eastern Railway (Additional Powers) Act, 1866, and the
several other undermentioned Acts, a capital or sum of
£8,210,423 be authorised to be raised and issued to bear a
preferential dividend out of the profits of the company, in
priority to the ordinary shares and stock of the company,
at the rate of £6l per contum per annum, subject to
redemption by the company at any time after the eud of
five years from the date on which the same shall be issued
on payment of £llO for every £lOO of such capita]."
Clio mooting was proceeding when we went to press.)

',REFERENCE 8:1A.11111S AND STOCILI.
Great Western, 5 per cent., rd. pi., 97

FOREJGN RAILWAYS.
Antwerp and Rotterdam, 8;
Bahia and 6an gum. 7 per onto, 12i
Sambre and Meuse, 78
FOREIGN MINES.
Cobre Copper, 2; 1

- - -
BANKS.
Chartered :Pier. of India, London, and China, 36
Imperial Bank, lim.. 2 t
Imperial Ottoman, 9
London Chartered Lana:of Australia, 23
Union of Australia. 46} 7

• MISCELLANEOUB.
Anglo-American Telegraph, 101
Anatole Telegraph, 73 •
Lit o, 8 per cent., 110 121
China Steam hip and Labuan Coal Company, 1
Continental Union Gits,.lam.,
Ditto 15
Credit Yoncier 01 England. Rm.. 4
Egyptian Com. and Trading, him., at
Gen. Credit and Finance of Lona 2u. um.,
Hudson's Bay, 17 it;
Imperial Land Company or Marseilles, Rm., 2j ;
International Financial society, tim.,
London Financial Association, lira., 9
London General Omnibus Company, lira, 3
Nr,tional Discount Company. 14
Peninsula and Oriental Steam, 62
Quebrada Laud, KA', and Muing.
Telegraph Constructioi and Maintenance,
Ditto (1:1.)), ltd

Mr. Bright has declined an invitation to a Re-
form demonstration which will be held at Aberdeen on
the 17th instant, and has at the same time stated his
inability to accept further engagements than those he has
already made.

Mrs. Sheppard, widow of the late Mr. Wm. Sheppard,
has written to us to say that she has received the sum of
£5O from Mr. Stevenson, the bookmaker, and asking us to
acknowledge the same. It will be remembered that Mr.
Sheppard 'backed Rama for the Goodwood Stakes to win
a large sum, with Mr. Stevenson and another bookmaker,
and owing to Mr. Sheppard having died on the day that
the race was run for, the bet, according to the laws of
racing, became void. This liberal act on the part of Mr.
Stevenson is highly creditable to him,.for according to the
strict letter of the law it was not compulsory upon him to
pay one farthing, and there are many who would have been
only too glad to avail themselves of this " get out" in its .
entirety.—Sporting Life.
We recently announced that coursing in the Home-park
at Hampton had been prohibited this season. To this
statement we have now to add a rider of a very pleasing
character. The Duke of Beaufort, who, as Master of
the Horse, had to deprive the coursers of the metropoli-
tan district of a privilege they had so long enjoyed, has
most handsomely placed at the disposal of the Amicable
Coursing Club his own grounds at Badminton ; and the
first meeting of the club will accordingly take place there
on the 25th, 26th, and 27th of the present month. The
headquarters will be at Chippenham, on the Great Wes-
tern line.—The Field,

A SAVAGE SCENE IN SEVEN DIALS.-40h11 and Johanna
Hurley, husband and wife, were charged with the follow-
ing savage assaults.
Mrs. Julia Riordan said that on Saturday night last sh 3
heard that her child's finger had been bitten off by the
male prisoner. She went out and caught hold of the pri-
soner by the collar to detain him till the police came. The
prisoner kicked at her with all his might, and hurt her
stomach very much, and while he was still kicking her his
wife (the female prisoner) came tip and struck her a vio-
lent blow on the head with something she had in her hand,
and she fell to the ground insensible, and was afterwards
taken to the Charing-cross Hospital.
Honorah Riordan, a girl, daughter of the last witness,
said that seeing the male prisoner about to strike her
father she went up and pushed him away, when ho seized
her finger, thrust it into his mouth, and bit it. She
screamed out, and a man came up and struck the prisoner
in the face, and made him release his hold of her finger.
The prisoner then ran away.
Ann Sullivan, a young woman, corroborated the pre-
vious witness. _ _

The male prisoner said that while fighting with Mr.
Riordan the girl came up and scratched his face.
Mr. Tyrwhitt said the male prisoner had been guilty of
a cowardly and unmanly assault in biting a child, for
which he would be committed for 14 days' with hard
labour. With regard to the assault on Mrs. Riordan, he
(the male prisoner) had knocked her about without regard
to her feelings for her child, and ho would have to pay a
fine of 205., or 14 days' for that. The female prisoner had
also been guilty of a brutal assault in striking Mrs.
Riordan as she had done. The poor woman might be in
Considerable danger for what he knew—there being danger
of erysipelas setting in—and he should, therefore, remand
her to see what condition Mrs. Riordan was in a few days.