The Sun.
London, England, 1869-07-12 00:00:00

101iEY MARKET

AND

COMMERCIAL INTELLIGENCE.

--.0--

CITY, Two o'CLocK.

Consols are quiet to-d,ty at 94 3 for money ;

ditto, for Ac:ount, 938 ; Three per Cent. Re-
duced, 928 3 ; New Three per Cents, 92i 3 ;
Exchequer Bills £l,OOO, 11 prem.; ditto £lOO, .e2OO,
and £5OO, 8 prem. ; Bank of England Stock, 4
per Cent., —.
India Stock, 101 per Cent., April, 1874, 2061 ;
ditto 5 per Cent., July, 1880, 111 ; ditto 4 per
Cent., Oct., 1888, 1008.
In Railway Shares Great Western, South East-
ern, and Midland have improved, but Metropolitan,
London and South Western, and Caledonian are on a
(I,3cline. Caledonian, 794 to 80; Great Eastern, 388
to 388 ; Great Northern, 107 to 108 ; Great West-
ern, 504 to 51 ; London and Brighton, 444 to 451 ;
London, Chatham, and Dover, 161 to 17 ; Lon-
don and North 'Western, 1181 to 118! ; London
and South Western, 89 to 91 ; Metropolitan, 974
to 97i ; Midland, 1164 to 1171 ; and South Eastern,
77 to 771.
In the foreign market, Turkish Five per Cents.
have advanced to 4G. Russian (1866) are 911 ;
Turkish Six per Cents., 66 ; Brazilian, 831 ; and
Italian at 54i ; Egyptian (1864), 91 to 92 ; ditto
(1868), 80:I to 80f ; Peruvian, 76 to 77-1- ; Char-
kof, 80,-} to 804 ; Orel, 8; to ; Viceroy Seven
per Cents., 811 to 81f ; dito Nine per Cents.,
961 to 97 ; Spanish, 288 to 281 ; and Honduras,
83 to 84.

American Five-Twenty Bonds are at 811 to 811

and Erie Shares are 18-1- to 181.
In Bank shares prices are steady. London Joint
Stock is quoted 31k to 32} ; Union of London, 361
to 37f ; Oriental, 41 to 42 ; Imperial Ottoman, 2
to 24 prem.
In Miscellaneous Securities Telegraph Shares in
request at improved prices.
The sum of £5,000 in gold was taken to the

Bank on Saturday.
The committee on the Telegraphs Bill [resolved
on Saturday that the standing ,orders ought to be
dispensed with, and that it should be permitted to
proceed " on a clause being inserted securing to
all existing telegraph companies, not having yet ar-
ranged with the Government, a right of arbitration
(failing agreement) as to the value of their present
rights 'and privileges." The bill is to be read a
second time on Tuesday next at two o'clock.
Although the Senate at Lisbon have agreed to
the bill for the new Portuguese Loan, the details of
the measure have yet to pass under their consider-
ation. The question as to the parties by whom it
will be introduced in London seems still to be un-
decided.

The report of the General Credit and Discount
Company (Limited), to be presented on the 26th
inst., announces a steady increase in the company's
business and connections, and recommends the usual
interim dividend at the rate of 5 per cent. per an-
num. it adds as regards the claim of the company
upon the London, Chatham, and Dover Railway
there is now every prospect of a decision being ar-
rived at, but that the affair of the South-Eastern of
Portugal Railway remains in an unsatisfactory posi-
tion, the Portuguese Government having, as was
stated some months back, by an arbitrary act
taken possession of the line, purposing to pay the
railway company a sum of only about £528,000
for an expenditure (admitted and fixed by the
Portuguese Ministry in October, 1867) of
£1,212,318 of British capital, laid out for the ad-
vantage of Portugal, and in which no British
capitalist would have engaged but for the reliance
placed on the good faith of that country, and on
the large amount of direct assistance, by way of
subvention or guarantees, which the Government
covenanted to give to the enterprise.
The report of the Metropolitan Bank (Limited),
to be presented on the 15th instant, shows an
available total of £12,161, including a previous
balance of £5,842, and recommends a dividend
at the rate of 5 per cent. per annum, leaving
£7,161 to be carried forward. The deposts held
are £381,331, and the paid up capital is £200,000.
In the abstract given yesterday of the report of
the Alliance Bank it was stated that the deposits
held show a decrease of £242,626 from the corres-
ponding date of last year. The amount should have
been only £25,033.
It has been agreed by the Australian and New
Zealand Banks (with one exception) to adopt and
apply in future the re-exchange of 10 per cent. o❑
bills returned dishonoured from those colonies, in
stead of 20 per cent., the rate fixed about 30 years
ago, and which has long been looked upon as little
more than nominal. A recommendation will con-
sequently be made by the next outward mail for all
the colonial establishments to agree to a similar
charge in respect to dishonoured bills returned from
England. This alteration has become essential from
the short and regular mail service, the use of tele-
graphy, the altered condition of banking under in-
crease competition, and the enlarged facilities for
business. Indeed the rapidly extending commerce
of this country, from tho advantages of steam com-
munication with all parts of the world, seems to de-
mand that the question of re-exchange with other
Colonies and foreign countries should now undergo
revision. There are 8 and 10 per cent. rates with
the West Indies, 10 per cent. with the United
States, and not less than 25 per cent. with the
South American Republics.
At a meeting on Saturday of the creditors of Messrs
S. L. Halliwell and Brothers, of Manchester, a com-
position of 9s. in the pound was agreed to-3s. in
cash, 3s. in six months, and the remaining 3s. in
twelve months.

BILITISU FUNDS-TWO O'CLOCK.

, (i OVEDNMENT FUNDS.
° kes ecent: Consols
Vitt° for Account, July 7
Ni.- 941 r Cent. Reduced 92k 3
-m• elv 3 per Cent
'ler'? 2} per Cent. Jan. 1894
A Do. 5 per Con J 5n.187 3
0• 13.11ities, SO yrs, expire sth Jan., 1880 —
Po. for 30 yrs, expire sth April 1885 -
I, o (Red Sea Telekiraph), Aug., 1908 —
'4lelaeqUer Bills, £l,OOO, 2f p. Ct. March pm
Do. 3 do. June 11
Do £lOO, £2OO & £5OO —
'L'auk of England Stock, 4f per Cent
De. opening
`-atiada 4 per Cent. Bonds —
inter-Colonial Cranium
INDIAN G OVERNIAINT SUURITIII S
Inds tock, 10f per Cent., April 1874 2o6}
Do. Opening, for Account
Do.
5 per Cent. July, 1880
Do. 4 per Cent., Oct. 1888
Do. Certificates —
Do. Enfaced Pape. 4 per Cent.... —
1)0. 5 per Cert., Jan. 1872 .... —
Do. Cent. May 1879 —
I) a per Cent., Rup. Deb. 1872 —
do 1877
Do. do. 1882
th). Deb., 5 per Cent., Aug. 1873 —
_
Do. Bonds, 4 per Cent., £I,OOO
.£l.OOO
FOREIGN FUNDS— TWO O'CLOCK.
Argentine Republic, 6 per Cent 79}
9.u)trian Boilds 5 per cent
13 Do. 1859 —
razilian 5 per Cent —
AO. 4} per Cent. 1852 —
Do. do 1858....
Do. uo. 180 —
1)°. do., 1863 7o}
do°. 5 per Cent., 1865 B4
B iteeount B3f
leuos Ayres 6 per Cent.
, Do 2 per Cent.(Deferred 3 per Cent )
o'l4 6. 1 rl'e 6 per Cent.
1-suri 6 per Cent —
uo. 4i per Cent
Do. 3 per Cent
De ~
, • 6 per ceut. 1867 —
r, ';'o. 7 per Cent., 1866
rs lorobian, 6 per Cent.
D •uisn, 3 per Cent., 1825
.9,,t,ian Principalities, 7 per Cent —
1' -Uo 8 per Cent., 1867
... --
uador New Consolidated, 1 per Cent
K,Y,Vlian, 7 per Cent...
',,(1 Seco/id Issue —
"0. £501.. Bonds
Do. 1864
Do. Account 92 I
O. •C:00 Bonds
n'iu• $.106 bonds 921
°• 7 per Cent., 1868
, eriment Railway i)ebeutures
‘-creek 5De .
Accounter
, Cent 182 i 5, ox Coups
•
•
Ql3O. Account
;ateinala 5 per Cent ..
it.:luras Gov Rail. Loan., 10 p. Ct., all pd 82
,jan 6 Per Cent., 1865 —
,0. Account ..
1,0
. M -
aremmana Railway
L'exica 3 per Cent —