The New York herald., 1875-12-12
England and Her Purchase of the
Suez Canal Shares.
THB TURKISH AND PERUVIAN LOANS.
The Presidents Message and Its
: influence Abroad.
LONDON, Dec. II. 1876.

on the part of the British government OF the
interest Of the Khedive Of Egypt in The
Suez Canal The sum involved is about
90. .000. 900 gold The capital stock of the
sucz Company amounts 10 100000 shares
OF these l77.O00 shares are thus transferred
% she English government 1t is under
stood that
THE PAYMENT
j. % be promptly made through the Roths-
ehilds Tho government will be called upon
simply % verify the purchase. In conse-
qucnco o. this transaction considerable ex-
citemcnt has existed but Mr.. Disraeli, the
Prime Minister, is said to be very firm in his
judgment concerning the propriety Of the
act and there Is little doubt that it will be
sanctioned by Parliament
THE BANK RETURN
Of the week Is extremely favorable. The
supply Of money seeking employment is in
crcasing and II II were not for the fact that
Germany i still buyer Of gold there would
probably be a reduction in the price. 1t
must be confessed. however, that the inan-
cial position, regarded from al points of
view, is daily growing more unsatisfactory.
Concerning
THK PERUVIAN LOAN
bondholderS are still in the dark and the
Commissioners are silent The Lima author
tiles seem 10 be deaf 70 appeals and make no
explanation. Nothing is said about the pay
ment Of the next coupon on tho bonds. and
there is an evident desire on the part Of the
government 10 question the price Of the
security rather than the quantity Of guano to
be pledged in the market The bond
holders are kept in the dark and the Com
missioners are silent
THE MESSAGE on PRESIDENT GRANT
has been chiefly influential in determining the
purposes Of tho government concerning the
complications In Cuba II has outwardly
removed tho existing suspicion that trouble
was impending II has also relieved Ameri-
can bonds from a pressure and heavinoss
that was felt by those who are engaged in
their manipulation. II may be added, how
ever. that these securities are still icverishly
held, because Of the suggestions Of the Pres
ident concerning the school question and
the opening Of the new political issues On
the whole tho Message has been
WELL RECEIVED.
and especially that portion of it which treats
of tho finances Of the government and the
possibility that at not distant day the cur
rency Of the country will be reduced to q
basis that will correspond with that Of other
specie paying communities.
THE EGYPTIAN SYNDICATE
There are rumors Of an effort TO form an
Egyptian syndicate for the purchase Of Egyp-
tian railways and of the sugar estates and
factories Of the Khedive. but they are not
yet sufficiently defined to warrant the publi-
cation Of the fact II they should prove
true, however, it can scarcely be questioned
that the capital required and employed for
the purpose would largely contribute 10 tho
development Of the country Already
UNUSUAL ENTERPRISES
are in contemplation. The Rothschilds are
said to be making arrangements for the e.
tablishment of branch Of their European
banking houses in the city Of Alexandria
Various industrial works are also understood
to be in process Of construction.
THE TURKISH LOAN.
| Notwithstanding the publication in the
Times 10 the contrary, the Turkish bonds
have advanced on the official announcement
that the January coupon would Be provided
for. meeting Of the Turkish bondhoIders
was held on Tuesday and presided over
by one Of tho Vice Governors of the
Bank Of England. wherein special
committee was appointed 70 carry out
negotiations with the Turkish gov
eminent II Is believed by thoae who arc
familiar with the Eastern situation that tho
Sultan has now an opportunity q reforming
his finances, and that II he will employ the
ordinary means which are understood By
every public political economist he may
escape the evils that nov threaten his gov
| eminent
There are few other financial European
features that have not been already recorded
| in the HERALD.
LITERATURE AND LIQUOR
/ RocKiAxn, Me- Dec II. IsIA