The Sun.
London, England, 1869-06-11 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.

Notwithstanding the reduction of the Beni: ra:e
to 4 per cent., there was but little business doing
to-day. Couio!s arc lower, at 921 for money ;
ditto, for Ac:ouut, 92 ; Three per Cent. Re-
duced, 924 31- ; New Thee per Cents, 921-
Exchequer Bills £l,OOO, 2 pm. ; ditto £lOO, £2OO,
and £5OO, 3 die. ; Bank of England Stock, 4 per
Cent.,

India Stock, 101 per Cent., April, 1874, ;
ditto 5 per Cent., July, 1880, 2111 4 ; ditto 4 per
Cent., Oct., 1888, 1004 1 ; ditto Bonds under
£l,OOO, 8 prem.
Wheat is exceedingly quiet, and Monday's prices
are with difficulty maintained.
The Foreign Market is languid. Greek Bonds
have receded 1, to 101 a ; Turkish Five per Cents.,
3-16, to 431 ; and Mexican Bonds are 1 lower,
at 121 New Spanish 'I hree per Cents. are frac-
tionally better, at 291 1 ; and Italians are unaltered,
at 564.
The Honduras Loan is film at 86 87.
In the railway market Caledonians are 1 better,
Great Northern A Stock, 1, Midland, 1, North Wes-
tern 1, and Metropolitan / lower. Quotations are :
Caledonian, 771 a ; Great Western, 50 to 501 ;
Great Eastern, 371 to 374 ; Great Northern, 1071
1081 ; ditto A, 1081 1091 ; Lancashire, 1244 1251
Metropolitan, 971 98 ; Midland, 1161 4 ; Sheffield,
54/ 551 ; Brighton, 45 1 ; North British, 34 1;
North Westcrn, 1181 119 ; North Eastern, 1054
1061 ; South Eastern, 751 76 ; Chatham and
Dover, 161 4.
The traffic receipts of the North Eastern Rail-
way show a decrease of £740.
American Five-Twenties have further declined 1,
to 794 80. The 1855 Bonds are unchanged, at
771 774 ; and the Ten-Forties, at 711 72. Eries are
181 181, and Illinois Centrals 931 94.
The sum of £15,000 in sovereigns from Alex-
andria was taken to the Bank yesterday.

In consequence of the amount of bills hzld back
during the past day or two in expectation of a re-
duction of the rate there was an increased demand
for discount this morning both at the Bank and in
the open market.

The suspension has been announced of Messrs.
Livesey and Thorpe, cotton brokers, at Liverpool,
with an establishment also at Manchester. They
occupied a high position, and their liabilities are
probably large, The event, which is attributed to
the recent numerous failures among cotton spin-
ners, has created surprise and anxiety, but they
state they will be able, with time, to pay every ono
in full.

The failure has aho been announced of Messrs.
Felix, Leach, and Co., cottonspinners and inanufac-
turers, Enfield Mils, near Accrington, and a meet-
ing of their ci'editors will be held next week.
They enjoyed fair credit and au average ext,Jut of
trade.

At a meeting of Mexican bondholders yesterday,
Mr. 11. B. Sheridan, M.P., in the chair, resolutions
were adopted approving the form of memorial pre-
pared by the committee for presentation to the
Forei,gn-office, and also of the intention of a chair-
man to call the attention of the House of Commons
to the subject. At the close thanks were voted to
the chairman and committee, Mr. Perry, the agent
in Mexico, and Mr. Holmes, the London secretary.
The movers:and seconders of the resolutions were
Admiral Sir Provo Wallis, and Messrs. C. 111‘Garel,
Edward Wright, J. Gerstenberg, and R. Hodgson.
The Egyptian Commercial and Trading Com-
pany (Limited) have announced a further return of
4s. per share, payable on the 22d inst.
The London and Provincial Marine Insurance
Company have announced that they will make a
payment on account of interest for the half-year
ending June 30, at the rate of 10 per cent. per
annum.

The United Kingdom Electric Telegraph Com-
pany yesterday announced the opening of the new
direct submarine cable, via Denmark and the Baltic,
to Russia. This route is stated to be also available
for message; to India, China, Australia, Persia, &e.
Additional submarine cables to Norway and Russia,
via Sweden, in connexion wirh the same company,
will be laid and opened during the present month,
thus affording direct duplicate submarine commu-
nications with those countries.
Tile directors of the London and Provincial
Marine Insurance Company hare resolved to make
a payment t) the shareho:ders on account of inte-
rest for the half-year ending the 30,h inst., at the
rate of 10 per cent. per annum.
A memorandum from the secretary of the Egyp-
tian Commercial and Trading Company (Limited)
says :—" Under the powers conferred upon them by
the special resolution of the 2d and 16th November
last, the directors of this company have resolved
upon making a further return of 4s. per share upon
the paid-up capital of the company to all share-
holdeis registered on the 12th inst.
_

A general meeting of the proprietors of the
London and Westminster Bank is called for the
21st July.
Telegrams from Glasgow mention the failure of
Messrs. Murdoch and Dodderell, an old-established
firm of sugar refiners, with liabilities to the
amount of about £150,000, including a large sum
due for sugar. No certain information has been
received with respect to the liquidation, but the
impression is that it will not be unfavourable.
The premises of the house were burnt down some
years ago, and were rebuilt at a cost of upwards of
£lOO,OOO.
The London, Chatham, and Dover Railway
traffic return, including the Metropolitan Extension
and branches, show this week a decrease of £1,043,
compared with the corresponding period of last year;
the Metropolitan Extension, separately, a decrease
of £481; the North Eastern, a decrease of £740;
the Lancashire and Yorkshire, a decrease of
£23,873 ; and the Manchester, Sheffield, and Lin-
colnshire, a decrease of £3,395.
The second ordinary general meeting of the Ebbw
Vale Steel, Iron, and Coal Company (Limited) will
be held on the 25th inst.

An extraordinary meeting of the London and
Australian Agency Corporation is convened for the
21st inst., for the purpose of altering the articles of
association.
Vice-Chancellor Mathis has fixed the 22d inst.
for the appointment of a liquidator of the Marine
Investment Company (Limited), "in the place of
Henry Alfred Coffey, by consent removed from his
office of one of the liquidators of the said com-
pany."

_
Tha return from the Bank of England for the
week ended the 9th of June gives the following
results when compared with the previous week :
Rest
PuLlic deposits
Other deposits 17,16J,319 ... Increase ... 65,031
On the other side of the account :
•overnment securi-
tiss
Other securities /7331 Bit Decrease ... 551,918
Notes unemployed 9,626,235 ... Increase ... 1,487,040
The amount of notes in circulation is £22,842,485
being a decrease of £682,060 ; and the stock of
bullion in both departments is £18,630,883, showing
an increase of £809,860 when compared with the
preceding return. _ .

Subjoined is a comparison of the present position
of the Bank of England and the prices of Consols
and French Rentes with the corresponding week of
last year :

At Present. Same Week
lest Year.
Bullion
Reserve
'Totes in circulation '22,842,485 ... 24,225,485
Rate of discount
Consols
French Rantes

BRITISH FUNDS-CLOSING PRICES.

GOVERNMENT FUNDS.
3 per Cent. Consols
Ditto for Account, July 7
8 per Cent. Reduced 92-- I i
New 3 per Cent
New 2i per Cent. Jan. 1894
Do. b per Cen J an. 187 3
Annuities, 80 vrs, expire sth Jan., 1880 —
Do. for SO yrs, expire sth April 1885. t —
Do (Red Sea Televaplil, Aug., I,.na
Exchequ:r Bills, £l,OOO, 21 & 3 per et, 4 d
Do £lOO, £2OO ok. XOl.BO —