The Sun.
London, England, 1869-07-19 00:00:00

MONEY MARKEf

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

Consols are firm to-day at 93 f for money ;
ditto, for Account, 931 ; Three per Cent. Re-
duced, 92+ 3 ; New Three per Cents, 92+ 3 ;
Exchequer Bills £l,OOO, 10 12 prem. ; ditto £lOO,
£2OO, and £500,12 prem. ; Bank of England Stock,
4 per Cent., 243.
India Stock, 108 per Cent., April, 1874, ;
ditto 5 per Cent., July, 1880, 112 11/ ; ditto 4 per
Cent., Oct., 1888, 1001 1 ; ditto Enfaced Paper, 5
per Cent., 1051 ; ditto Debentures, 1031.
The changes in Foreign Bonds are few, compris-
ing a rise of 4 in the principal Russian guarantees
and in Peruvian, and in Italian. Tile present
prices are as follows :—Argentine, 80/ to 811 ;
Brazilian, 841 to 854 ; Egyptian (1864), 921 to
921 ; ditto (1868), 78+ to 788 ; Viceroy Seven
per Cents., 811 to 821 ; ditto Nine per Cent., 971
to 98.

The Hallway Market is quite featureless. Me-
tropolitan and Chatham are a point lower ; the
Lancashire and Yorkskire are firmer by per cent.
The following are the prices :—Caledonian, 82 to
82} ; Great Eastern, 38i to 384 ; Great Northern,
107 to 108 ; Great Northern (A), 106 to 107 ;
Great Western, 51 to 51i ; London, Chatham and
Dover, 161 171.

United States Five-Twenty Bonds are 82} to
823 ; the Ten-Forty, 753 to 75f ; Erie Shares, 19
to 193 ; and Illinois, 931 to 934.
Not much business is doing in Bank Shares, and
prices are without movement. London and West-
minster, 60 to 61; London and County, 503 to 513;
Chartered Mercantile, 291 to 301 ; Imperial, 164 to
162 ; and Alliance, 143 to 15/.
In Miscellaneous Securities, Anglo-American
Telegraph is firm at 211 to 22, being an improve-
ment of I. Hudson's Bay is I loweer, at 124 to
123 ex div. General Credit is steady, at 11 to 1f
dis. ; International Finance, 2 to 14 dis. ; and Na-
tional Finance, 111 to 11i.
The sum
.of £74,000 in gold was taken to the
Bank to-day.
The Pacific Mail steamer Magellan, at Lisbon,
from sSouth America, has brought £60,000 from
England.
According to some accounts the opposition to the
landing of the French cable in America, if any is to be
experienced, proceeds much more from the efforts of
rival parties in Europe than from any short sighted-
ness amcng American politicians. The leading com-
mercial journals of New York have already pointed
out the injustice that would characterise any policy
of obstruction, and there can be no difficulty in dis-
cerning that the United States would be the only
sufferers by it. The plea in favour of the opposition
is that the company have obtained an exclusive
concession from France for 20 years, and that con-
sequently no new American line can be started to
compete with it. But before the company was pro-
ceeded with the authority of the State of Maine
Was duly obtained, and every precaution was taken
to comply with all international and legal require-
ments. The privilege granted by France was as
lunch for American as for French interests. With-
out such privilege no new company could have
obtained the required capital, and the United
States in their intercourse with Europe must for
some years have remained dependent on the ori-
ginal English undertaking. Should the success
of the new line and the general growth of com-
merce cause a legitimate demand for the appli-
cation of fresh papital in this direction and an
increase of competition, it will always be in the
power of France to make terms for baying up
at a fair rate the monopoly she has conferred;
should she hesitate to do so, France and not America
will be the loser, since, as it will be in vain to resist
the tendency toward augmented activity, fresh lines
will be carried to the coasts of Spain, Portugal,
Dolland, Belgium, or other European countries,
and she will find herself relatively isolated from the
great march of this branch of science. Under any
circumstances it seems plain that the existing com-
pany cannot suffer from the difficulty now attempted
to be raised. France cannot withdraw the exclu-
sive privilege she bas given except by granting
adequate compensation, and, on the otha hand,
should she uphold that privilege there can be little
difficulty in working the cable, since the power
of the United States in the matter is under-
stood to extend to only a marine league from
the shore, and any impediment from this in-
terval can scarcely be expected to prove be-
yond the provisions of nautical and mechanical.
skill. It is believed, however, that no pestion will
really be raised on the matter between the two
countries beyond such as will be adjusted with per-
fect ease, and that the explanation of the way in
which it has just been brought up for discussion is
to be found principally in the desires of speculators
in the share market, assisted by the sympathy of
those.who at present hold exclusively the control of
Atlantic telegraphy.
Two more failures in the cotton trade at Preston
elv2xere announced on Saturday. One is that of the
eitors of the late Mr. James Naylor, South-
gate Lin
144 h n, and the other of Mr. E. T. Gardner,
eys. . .
The liabilities and assets in either case
are
called sta‘d but meetings of creditors have been
3,ainadn
c\h' l 1 be held in a few days. According
to th
rusGuardian both failures are attri-
buted to the ;
The South of Messrs. Livesey and
Thorpe.
mill contains 21 pairs of
1111 lies, comprising 32,
400 looms ; and Mr. :1643b:rap2ndles, besides about
's mill contains 153
pairs of mules, comprising 1
0 spindles, and
there are also nearly 200 10-o-m°3Bl).
upwards of 200 operatives were In the former
the latter about 120. bnploywi, and in

BRITISH FUNDS-TWO O'OLOCK.

- -
a tiOVERNMEST FUNDS.; - --
eCent. Consols
3 it-to for Account, July 7
m.Per Cent. Reduced 921 3
Zew 3 per Cent
-,lew 21 per Cent. Jan. 1894
A ?(). 6 per Oen J an. 1873
Et). for 30 yrs, expire sth April 1885 —
%., 0 (Red sea Televaph), Aug., 1908 -
.'4ohoquer Pills, 41,000, 21 p. Ct. March 8 pin
Do. 3 do. June 10 12 Do
4100, 4200 & 4500 l2
bank or mulsi...a et.:...1.-, AI is.- ‘ ••• "
, be. opening _
N--ena,de, 4 per Cent. Bonds —
Coloniallnter Cranium
, iNDIAN GOVERNMENT SECURITIES
`rltiaStock, 101 per Cent., April 1874 —
0. Opening, for Account —
Q. 5 'por Cent. July, 1880
Do. 4 per Cent., Oct. 1888
Do. Certificates
Do. Enfaced Pape, 4 per Cent...... —
Do. 5 per Cert.,Jan. 1872
1051
N. 54 per ()sat. May 1879 —
0,3 5 per Cent., Rup. Deb. 1872 —
Do do 1877
Do. do. 1882 —
"74 Deb , 5 per Cent., Aug. 1873 ...„ lO3l
Do, Bonds, 4 per Cent., 41,000
no. under £l.OOO
FOREIGN FUNDS— TWO O'CLOCK.
Argentine Republic, 6 per Cent .....
14-nrian Bonds 5 per cent _
brezil
4/ Do. 1859 —
ian 5 er Ce
O. perp Cent.nt 75
1852 _
Do. do 1858..... —
too. o„. 1860
°•„b do. 1863 —
1
''''). 5 per Cent., 1865 —
D Do Account B4l
1,!1108 Ayres 6 per Cent.
n 'Jo 2 per Cent. (Deferred 3 per Cent ) 6115% 6 per Cent.
Vien 6 per Cent —
~',o. 41 per Cent.... —
no. 3 per Cent~
Do, 6 per cent. 1867 944 4
N. 7 p.a. Cent. 1866
Cii:).lLos nbian, 6 per bent.
if"18b:. 9 per Cent.,
aniquan Principalities, 7 I,er Cent 1,1 -C)0 8 per Cent., 1867 —
t,quader New Consolidated, 1 per Cent.
420'1 7 per Cent... o ••• Smood IMMO
''... "..,0. 4561, Bonds
up. 4100 Bonds
Do. 1864
Do. Account -
4-,0. 4500 Bonds
120.4100 Bonds 94
l'O. 7 per Cent., 1868
r.rtiyerutuent Railway Debentures
`.? eek 5 per Cent., 1824 5, ex Coups.
Do. Account. .
• .1)0. tic.,upone
• Do. Account
pgrtatemala, 5 per Cent .. .....
llduraaGov Rail.Loan.,lop. Ct., all pd
"1144 5 Per gent., 1865 kiikenoteettimms "...