The Sun.
London, England, 1869-05-31 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CUT, Two o'CLocK.

Consols are dull to-day, at 93k k fur money;
ditto, for Acc)unt, 934 a ; Three per Cent. RL-
duced, 92k; New 11;ree per Cents, 921; Exchequer
Bills £l,OOO, par ; ditto £lOO, £2OO, and £5OO,
par ; Bank of England Stock, 4 per Cent.,

India Stock, 10i per Cent., April, 1874, 212} ;
ditto 5 per Cent., July, 1880, 1141; ditto 4 per
Cent., Oct., 1888, 1001; ditto Eufaced Paper, 4
per Cent., 92 ; ditto 5 per Cent., 105 ; ditto
Bonds under £l,OOO,
As was to be expected from the continued un-
settled weather, both English and foreign wheat is
to-day is to 2s dear, r than this day week.
Foreign stock are considerably firmer, prices in
most instances showing an improvement. Danu-
bian is higher, at 76 to 77, and the Eight per
Cent. is quoted at 89 to 90. Egyptian 1864, and
do. Railway Debentures, are also better ; the for-
mer being marked at 86 to 87, and the latter at
99 to 100.

In American Securities, Unitei States Five-
Twenties are if better, at 79i to 798. Erie Shares
are also higher, at 182 to 19. Illinois are with-
out change, at 95 to 96.
Beyond a slight improvement in Caledonian, the
changes in railways are rather adverse as compared
With the unofficial close on Saturday.

No change whatever has occurred in the prices of
Bank Shares. Agra are 101 101 ; Alliance, 13 14 ;
Anglo-Austrian, 18 19 prem. ; Chartered Mercan-
tile, 31 32 ; Consoldated, 4i 48 ; Imperial Bank,
15i 164 ; Imperial Ottoman, 21 21 prem. ; Lon-
don and County, 50 to 51 ; London and Westmin-
ster, 62f to 63f ; Oriental, 41 to 42 ; London Joint
Stock, 31 to 32 ; and Union of London, 34f to 35f.

Lombardo-Venetian Railway Shares are unal-
tered, at 19 to 191, and Great Luxemburg are 94
to 10.

Credit Shares are quiet. The prices arc :—Na-
tional Discount 11.1 to k International Finance,
2 to 1k dis. ; and General Gredit, 2 to 14 dis.
Anglo-American Telegraph Shares are quoted
21i to 211, and Hudsons Bay, 121 to 121.
The sum of £55,000 in gold was taken to the
Bank on Saturday, including 25,000 sovereigns
from Egypt.
The Douro, at Lisbon, from Brazil, brings
£4,500. •

It is to be hoped, from the currency discussion of
Thursday evening, that the Government intend in
future to act upon the principle laid down by the
Chancellor of the Exchequer, that it is no part of
their business to provide, either during panics or at
any other time, for means of " accommodating the
Mercantile community," or to assist the Bank in
acqting up " storm signals." Mr. Lowe stated that
Government do not interfere with the conduct of
"3' business other than banking, and be rightly
Points out that there is no ground for an exception
b lug made in that case, although perhaps the
anticipation that might thus be raised as to the
prospects of a wiser course for the future may be
damped by their p,:r.,istence in constituting them-
selves bankers for the bumbler classes, and their
recent attempt to extend their operations in this
line up to the level of persons baying £3OO of float-
ing cash on hand. But, as a new panic may cer-
tainly be expected in 1876, it is important, before
the memory of the last one has died out, that the
nation should come to an understanding as to
whether they will sanction the views thus laid down,
Or whether we are to go on upon the plan that
whenever the consequences of wild speculation fall
Upon us the commerci 1 community, instead of re-
lying upon the exercise of their own intelligence for
the best method of dealing with it, are to depend
upon aid from Downing street.
The tone of affairs in the Produce Markets is not
very satisfactory. The late tendency to animation
has quite disappeared, and there is now a gradual
process of reaction. Large losses are being made
oa a variety of imported articles, and the saes
effected continue to show increased depreciation.
The late failures in the tallow and oil trades indi-
cate the consequences of the late movements in
Pico. At the sanae time the fall in grain, with the
depression in bops, likewise mark the unsatisfactory
state of things in those departments. If the rates
of money should however only continue moderate
we may yet experience a recovery.
A- general meeting of shareholders in the Suez
Canal Company is called for the 2d of August at
Paris.

The liquidators of the West London Wharves
and Warehouses Company (Limited) have an-
bounced a second dividend at the rate of ss. in the
po;ictitz the amount of the claims which have been
a

The City Offices Company (Limited) have given
notice that the debentures which are not to be ex-
°hanged for bonds of the new issue of £200,000
will be paid off, with the coupon duo the Ist of
July.
The Manch ster Courier states that at a meet-
-I°g of the creditors of Messrs. Carter and Garth-
Waite, Manchester warehousemen, of London, held
at the Clarence Hotel, in Manchester, on Saturday
41ternoon, a composition of 83. in the pound was
accepted, payable in one sum. The liabilities do
/I°t exceed £B,OOO.
It is understood that Mr. Baxter has returned
° his official duties at the Admiralty from an in-
spection of the dockyards at Pembroke and Devon-
Port, and that an entirely new system in the manner
°1 obtaining and selling stores is expected shortly
t 0 be inaugurated.
The following, with regard to the Anglo-Austrian
n
°tide, is from the Council of Foreign Bondholders:
" Lord Clarendon has informed the Council of
Foreign Bondholders that the Austrian Government
have declared their inability to depart, in favour of
,t)reiga bondholders, from the law imposing the corn-
-1;114017 conversion of the Austrian debt, and that
is imperative on them to utilize every source of
evenue to bring the country through its pecuniary
embarrassment, and they argue that if the foreign
bondholders were desirous of disposing of their
Austrian paper they have had more than one oppor-
tunity of doing so to great advantage. The Coun-
cil of Foreign Bondholders has therefore called a
meeting of Anglo-Austrian bondholders, to be held
4t the London Tavern on Thursday next at 12
O'clock precisely, for the purpose of appointing a
e°hunittee of Anglo-Austrian bondholders, to be
charged with authority to take the necessary mea-
sures for the protection of the bondholders' inte-
rest.,,

BRITISH FUNDS—TWO O'CLOCK.
(iOVERNMENT FUNDS.
a Per Cent. Consols
Ditto for Account,
i
Per Cont. Reduced 92/
Nsw 3 per Cent
c.r.,lN' 21 per Cent. Jau. 1894
A ."°. 5 per Con J an. 1873
—Littnities, 30 yrs, expire sth Jan., 188t' —
Do.D for 30 yrs, expire sth April 1885 —
° (Red Sea Teleijaphl, Aug., 1908— ---
"(l'eqn.:x Bills, £l,OOO, 21 & 3 per Ct.
Do
tit,,b. £lOO, £2OO, & £5OO -
L: of England Stock, 4} per Cent
C 4,42. • opening
j ada 4 per Cent. Bonds —
Nor-Colonial °lnuit=
jrvi.lNDLoi GOVERNMENT SECURITIES
.61rt rock, 101 per Cent., April 1374 2121
Do' 5 Per Cent. July, 1880
r,c). % pet- Cent., Oct. 1868
"0. Certificates —
/30. Enfatecl Pape,. 4 per Cent.. ..-. .....
1)0 -
no• 0 per Cart., Jan. 1872 .... rs. lO5
0 : 9 per Cent. May 187 q —
" " Per Cent., Rup. Deb. 1872 —
'Do do 1877 —
1.1 Do. do. 188',
~-, 5 per Cent., Aug. 1873
'o. Bonds, 4 per Cent., £l,OOO
"o• und,n...£1.000
FOREIGN FUNDS—TWO O'CLOCK.
4r e t
11:4511epublic, 6 per Cent ...
-4, Arian Bonds 5 par cent
tr
ilia Do. 1859
per Cent
Do. q per Cent. 1852 —
i,°• do. 1853 —
1)0.
—°•
do. 180!) —
.
140.
e" ( 1 c.,, 1803 —
'
1,, A Per Cent., 1865
per Cent., , Bl
i)o a Ayres 6 per Cow
(4yta,.! 2 l'''t C,nt. (Def;,m(l 3 per Cent —
C
,
I. 411 6"er Cent
—°• 411 Per C0nt....,