The Sun.
London, England, 1869-06-25 00:00:00

kONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

Consols are lower to-day, at 921 for money ;
ditto, for Account, ; Three per Cent. Re-
duced, 924 ; New rflree per Cents, 92i 4 ;
R2cl Sea Telegraph, 191 13-16 ; Exchequer Bills
£l,OOO, 3 prem. ; ditto £lOO, £2OO, and £5OO, 2
prem. ; Bank of England Stock, 4 per Cent., —.
The railway market is firmer. London and South
Western are ICs. Ligh(r, Great Northern (A)1, and
Brighton, London and North Western, Midland,
Metropolitan, and South Eastern I each. London,
Chatham, and Dover, and Caledonian are excep-
t!onally 11 lower. The following are the prices:—
Caledonian, 77 to 721 ; Great Eastern, 381 to 384 ;
Great Northern, 103 to 109 ; Great Northern (A),
1081 to 1084 ; Great Western, 501 to 51 ; Lanca-
shire and Yorkshire, 126 to 1261 ; London and
Brighton, 441 to 55; London, Chatham, and
Dover, IGI to 171; London and North Western,
1181. to 1191 ; London and South Western, 89 to
9 1 ; Metropolitan, 97:1 to 981 ; Midland, 1174 to
1181 ; North Eastern (Berwick), 105:1 to 1061 ;
and South Eastern, 774 to 781.

In Foreign Stocks, Egyptian are especially good,
while Peruvian and some others are fractionally
lower. The Emperor's Speech at Chalons, though
meaningless, has not tended to encourage specula-
tive business. Argentine are 80k to 81; Egyptian
(1864), 88 to 89 ; ditto (1868), 781 to 791 ; Italian,
5M to 56 ; Mexican, 121 to 121; Peruvian, 79 to
791 ; Orel-Vitebsk, 80 to 84.
American Securiies are extremely quiet. The
United States Five-Twenty Bonds are steady at
89i to 801; the Ten-Forties, 711 to 721 ; Erie
shares are unaltered, at 194 to 20 ; and Illinois,
94 to 95.

Bank Shares continue quiet, and prices are little
altered.

In Miscellaneous Securities, Telegraph shares
are firm. Atlantic Telegraph is 1 higher, at 22
to 23 ; and Anglo-American Telegraph 1, 201 to
20k. General Credit is k better, at 11 to 1 dis. ;
International Finance is steady, at 2 to 14 dis. ;
National Discount, 111 to 1144 ; and Hudson's Bay,
121 is 124.
There were no gold operations at the Bank yes-
terday.

Ihe joint-stock and other banks have reduced
their rate of allowance for deposits from 3 to 2i
per cent. A reduction of per cent. has also beeu
made by the discount establishments, whose terms
now are 2f per cent. for money at call and 21 for
deposits at 7 or 14 days' notice.
The interest due the Ist July on the Canadian
Consolidated Five per Cent. stock is advertised for
payment. _ _ _ . -

The Anglo-Austrian Bank has given notice that
the Coupon, due Ist July, of the Roumanian Seven-
and-a-half per Cent. Railway Loan, will be paid
on and after that date.

The half-yearly meeting of the Rhymney Iron
Company is called for the 14th of July.
We are informed that the recent issue of prefer-
ence shares by the Great Western Railway of
Canada has been fully subscribed.
The report of the Bank of South Australia, to
be presented on Tuesday next, recommends a divi-
dend of £lO per cent. per annum, free of income-
tax.

At the annual meeting of the Marine Insurance
Company a dividend and bonus of £8 per share on
the 10,000 shares of the company were declared.
Mr. Millis, Coventry, of the firm of Coventry
and Sheppard, has joined the Board of the Metro-
po:itan Bank (Limited.)
The annual meeting of the proprietors of the
Union Bank of Australia will be held on the 12th
of July.
With reference to the London and Provincial
Law Assurance Society, it is notified that a divi-
dend at the rate of 4s. 6a. pershare will be payable
on the 15th of July.

The Committee of Anglo-Austrian Bondholders,
in conjunction with the Council of Foreign Bond-
holders, have given notice that they have made
arrangements for the conversion of the sterling
bonds, under protest, through the London and
County Bank, which will recei‘e the sterling
bonds, and deliver a certific.ite of identification of
the bond converted, and also a certificate to re-
present the claim on the Austrian Government
for tin forcel conversion. Ttiey have also made
arrangements to issue certificates to those bond-
holders who have already converted.
The last advices from Buenos Ayres bring the
official notices with regard to the national exhibi-
tion to be held in the city of Cordoba in the Argen-
tine Reptiblic next year, to which the manufacturers
of all classes of implements and machines adapted
to agriculture, mining industry, &c., are invited to
forward their works. The full opening of the rail-
way from Rosario to Cordoba, a distance of 240
miles, now under rapid construction by Messrs.
Brassey, Wythes, and Wheelwright, will have been
previously effected so as to afford every facility for
the transmission of goods.
Tha return from the Back of England for the
week ended the 23d of June gives the following
results when compared with the previous week :
East

„ .
PeLlic deposits
01her deposits 16,972,9:.)6 ... Decrease ... 482,445
On thi4 other side of the account :

liovernment securi-

ties £14,239,874 ... Increase 66,207
Other securities 16,165,014 ... Decrease ... 521,386
Notes unemployed 10,731,710 ... Increase, ... 266,210
The amount of notes in circulation is £22, 6R0,440,
being an increase of £102,720; and the stock of
bullion in both departments is £19,595,960, showing
an increase of £442,335 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
last Year.
Bullion
Reserve
Notes in circulation 22,680,440 ... 28,687,890
Rate of discount
Consols
French Relates
The following is the official return of the cheques
and bills cleared in the Bankers' Clearing-house for
the week ending Wednesday, Juno 23 :
Thursclty £9,766,000
Friday

. .
Satur-day
Monday 9,243,000
Tuesday 9,289,000
Wednesday 8,051,000

£61,017,000

BRITISII FUNDS—TWO O'CLOCK.
GOVEUNNIENT FUNDS.
3 pea Cent. Console
Ditto for Account, July 7
8 per Cent. Reduced 921 I-
New 3 per Cent - t
New 21 per Cent. Jan. 1894
Do. 5 per Con Jan. 1873 .
Auntities, SO yrs, expire sth Jan., 1880.
Do. for 30 yrs, expire sth April 1885 --
Do (Red Sea Telesaraph), Aug., IVOB , 191.
Exottoqu:tr Bills, £l,OOO, 21 & 3 per Ct
D £lOO, £2OO & £5OO --
Bank of England Stock, 41 per Cent

_ . - -
.11 e. opening
Canada 4 per Cent. Bonds —
Inter-Colonial Uranium
ItiorAN dovaturatErrr Secunnite
India V)rocic, imi per Cent., April 1874 Shut
Do. Opening, for Account —
Do. 5 per Cent. July, 1880
Do. 4 per Cent.., Oct. 1888
Do. Certificates —
Do. Enfaced Pape. 4 per CAW., ~.. —
Do. 5 per Cert., Jau. 1872 .....,, —
Do. 54- per Oznt. May 1879 —
Da 5 per Cont., Itup. Deb. 1872 —
Do do 1877 —
Do. do. 1882 —
- ---

DJ. Yob., 5 per Cent., Avg. 1873
Do. Bonds, 4 por Cent., £l,OOO
Do. under £l,OOO
FOREIGN FUNDS—TWO O'CLOCK.
Arvntine Republic, 6 per Ceut .
tu itrian Benda 5 per cent
Do. 1859
Brazilian 5 per Cent
_ _

O. iti poi- Cent. 1852 —
Do. do. 1858.......
Do. do. 1869
1)o. do., 1868 69}

Do. 5 per bent., 1865
Do Account • 82i
B;zenos Ayres 6 per Cent.
Do 2 per Cont. (Deferred 3 per Cent )
Cube, 6 peiplut.