The Sun.
London, England, 1869-07-28 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.

Consols are quiet to-day at 93 `.l 3,1 for naone3 ;
ditto, for Account, 93k ; Three per Cent. Re-
duced, 931 32} ; New Three per Cents, 93 ;
Exchequer Bills £l,OOO, 10 pretr. ; ditto £lOO,
£2OO, and £5OO, ; Bank of England Stock, 4 per
Cent., 243 5.
India Stock, 10} per Cent., April, 1874, 208} 9 ;
ditto 5 per Cent., July, 1880, 112 11i ; ditto 4 p r
Cent., Oct., 1888, 101 ; ditto Enfaced Paper, 4
per Cent., .

In 11 e the Foreign Market Viceroy Seven per
Cent. Bonds are 81 to 811 ; the 1864 Loan, 92 ;
aid th, 1868 Loar, 77/. Brazilian are quoted,
811 to 84.1 ; Italian, 541 to 55; Mexican, 124 to
12i ; Peruvian, 77 to 771 ; Portuguese, 334 to 34+
Sl anish, 288 to 291 ; 'Turkish Five per Cents., 441
to 444 ; ditto Six per Cents., 664 to 67 ; Oiel-
Vitebsk, 83 to 831 ; Nicholas, 671 to 674 ; Mcscow,
81 to 811 ; Charkof, 814 to 82/ ; and the llonduras
Loan„ 83 to 84.
In the Railway market prices have given way
in some instances. Caledonians are now 81/ to
.814 ; Great Eastern, 381 to 381; Great Northern,
1061 to 1071; Great Northern (A), 1031 to 1041;
Great Western, 504 to 51/ ; Lancashire and York-
shire, 1264 to 127/ ; London and Brighton, 45/
to 454 ; London, Chatham, and Dover, 161 to 16} ;
London and North Western, 1184 to 119; London
and South Western, 89 to 91 ; Metropolitan, 100
to 1014 ; Midland, 117/ to 1174 ; North Eastern
(Berwick), 1081 to 109; and South Eastern, 76/
to 764.
American Five-Twenties are 821 to 824 ; and
Erie Shares are 131 to 19/.
In Bank Shares Consolidated are 4/ to 41;
London and County, 501 to 515 ; London and
Westminster, 58 to 59 ; London Joint Stock, 30
to 31; Union of London, 34 to 35 ex div. ; and
Alliance, 13 to 14.1
In Mislaneous Securities business is very dull.
Anglo-American Telegraph are 214 to 214 ; Gene
ral Credit, 1/ to 1 dis. ; and Hudson's Bay, 124
to 12+ ex div.
In the foreign exchanges there was no material
variations from last post.
The sum of £BO,OOO in gold was taken to the
Bank yesterday, and further large totals are ex-
pected to be sent in. It is likewise anticipated that
the arrivals from New York during the next few
weeks will be considerable.

The Hipparchus,•at Liverpool from the River
Plate and Brazil, has brought 2.56,600 ; and the
Celteno, from New Zealand, £57,668.
The Manchester markets have opened with few
transactions, but the better tone established a few
days back is maiutained.
It was rumoured yesterday afternoon, on a tele-
gram from Lisbon, that the Portuguese Finance
Minister had resigned.
The receipts of the Metropolitan Railway show
an increase of £2,618. The returnd the Metropo-
litan and St. John's Wood Railway exhibits au in-
crease of £B5. The receipts of the Metropolitan
D:striet Railway repr(smts a total of £791.

IV 46
It is not the general opinion that the Bank direc-
tors will reduce the rate of interest on Thursday.
At present the feeling is adverse to a reduction,
because it will be neither advantageous to the
Bank nor the operators in the open market, the
existing state of things scarcely encouraging a
variation.

At the ordinary meeting of the National Bank
the directors declared a dividend at the rate of 5
per cent, per annum free of income tax. The
chairman, in his address,' expressed regret that the
bank was unable to pay a dividend of 10 per cent.
instead of 5, and said that they would have been
able to do so but for the sums they hal had to
write off.
At the ordinary meeting of the English and
Foreign Credit Company a dividend at the rate of
£6 133. 4d. per cent. per annum' was adopted.
At the ordinary general meeting of the proprie-
tors of the Westminster Palace Hotel Company a
dividend at the rate of 6 per cent. per annum was
agreed to.

The discussion raised by Mr. Graves in the
liou-.e of (2o.nuions regarding the Board of Trade
r.,turns last evening seemed to demoubtrate their
worthlessness for any practical business purposes,
although their cost is stated to be not less than
£50,000 a year. An opinion was expressed that
the annul tables are less unreliable than the
monthly ones ; but, as it is said that some inquiries
recently instituted by parties interested in the
cotton trade have resulted in showing that the ag-
gregate value of the cotton manufactures exported
during the past year was in the official account
fully 20 millions sterling in excess of the correct
84113, it is evident that in neither case can any con-
fidence be placed in them. The Board of Trade
have hitherto had the discredit of the matter, but
it
appears that the returns mainly proceed from
the Statistical Department of the Customs, in rela-
tion to whom they have not had power of adopting
any corrective measures. It may be hoped that the
inquiry now ordered by the Treasury will lead to
the establishment of an efficient organisation, and
that toward that end some experienced official of
he Board of Trade will be associated with the in-
vestigation.

BRITISX FUNDS-TWO O'OLOOK.

. UOVERNMENT
• Per Cent. Consols FUNDS.;
93 i 2 31
„ Ditto for Account, July 7
";,, Pe: Cent.. Reduced 931 3 21
Hoar 3 per Cent
(31.,W 2i per Cent. Jan. 1894
'" °. 5 per Cen , an. 1873
&
elmities, SO yrs, expire sth Jan., 188(1. _
E.. (,r 30 yrs, expire sth April 1885 —
Wed Sea Tolevaph), Aug 1908 —
-euequzr Bills, £l,OOO, 2f pint March 7 pm
Do Do. 3 do. June 10
Ba i. ZlOO, £2OO & £5OO —
31' of England Stock, 41 per Cent
15
be a • opening
ilada 4 per Cent. Bonds —
nter-Colonial Uranium
i 441 . INDIAN dOVEUNMINT SECURITIES
4 .i.cock, 10i per Cent., April 1874 2OBl 9
11).„0. Opening., for Account —
*41(•
1. 5 Per fen. July, 1880
Dn• per Cent., Oct. 1888
1,-. n wortificates —
-0. Enfo.ced rape,. 4 per Cent...« --
"°. 5 per Cent., Jan. 1872
..... —
D.: 5,4 Per Cent. May, 1879 —
' per Cent Rup. Deb. 1872 —
:Do .1
do 1877 —
.. Do. do. 1882 —
."„:.;. Deb., 5 per Cent., Aug. 1873
'-'O. Bonds, 4 per Cont., £l,OOO
"0. under £l,OOO

POIZIGIN FUNDS- TWO O'CLOCK•

-mi4tr, gentine Republic, 6 per Cent ...... 79
.....
ltrian Bonds 5 per cent
_...
tr
.. Do. 1859
_. azihan 5 per Cent
r,o• q per Cent. 1852
r.o. do 1858....
„`-'°. uo. 1861
,1";°. do 1863
•, 841
r). 5 per Cent., 1865
13 ',Jo per
—•
LOOB Ayres 6 per Cent.
04 2 per 611 C t. e(D ferrod 3 per Cent )
Crib 6 per Cent.
°tha 6 per Cent
'10.41 per Cent... —
, 0. 0 per Cent.,
4-,...'0. 6 per coot. 1867 —
J 0
0 1 • per Cent., 1866
121 crubian, 6 per Cent.
ballisti 3 per Cent., 1825
annbian Principalities, 7 ler Cent ---
n1)0 8 per Cent 1867 —.,
ual.or New Consolidated, 1 per Cent `',4 7 per Cent —
11° Second sane —
1)0..£50L Bonds —
1:10. XlOO P.onds
. • •••
Do. 1864
, Do.
V0..t.Z.00 Bonds Account
‘le• A 100 Bonds 94
po. 7 per Cent. 1868
Government Ittlilwav Debent tire,
'r°„et 5 per Cent., 1824 5, ex Coups
uo• Account
1)0. Coupon c
• „ po• Account -vaatettiala 5 per Cent .. —
lionduras Got, Rail. Loan,
.. 10D• Ot •, all pd
4'4°l 5 per Cert., 1865 —
-.),,50. Account
_
k.uo /likreruinana Railway
alexicar. 3 per Cent
Ditto for Account
Dn. 1864
Do 6 per Ct. Anglo-French —
Meoutovideau C per Cent. • • _
crish imperial 5 per Cent —