The Sun.
London, England, 1869-07-23 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocx.
Consols are firm to-day at 931 f 8 k for money ;
ditto, for Account, 931 ; Three per Cent. Re-
duced, 931 1 ; New Tkree per Cents, 93/ 13 f ;
Red Sea Telegraph, 19 1-16 ; Exchequer Bills
£l,OOO, 10 7 11; ditto £lOO, £2OO, and £5OO, 6
prem. ; Bank of England Stock, 4 per Cent., 2431.
India Stock, 101 per Cent., April, 1874, —;
ditto 5 per Cent., July, 1880, 1112 ; ditto 4 per
Cent., Oct., 1888, 1002 ; ditto Enfaced Paper, 4
per Cent., 921 ; ditto 5 per Cent., 4058 ; ditto
Bonds £l,OOO, 21 25 prem.
The Foreign Market is hardly so firm. Turkish,
Spanish, and Egyptian are dull, and about f lower.
Argentine, 792 to 801 ; Eyptian (1864), 92 to 93 ;
ditto (1868), 781 to 782 ex div. ; Viceroy Seven
per Cent., 812 to 821 ; ditto Nine per Cent., 972
to 981; Mexican 121 to 122 ; Italian, 55/ to 551 ;
Peruvian, 771 to 78 ; Russian (1866), 94 to 95 ;
Ore], 831 to 832 ; Charkof, 82 to 821 ; Moscow,
81i to 812 ; Nicolas, 672 to 681 ; Spanish, 291 to
291; Turkish Five per Cents , 442 45 ; and the
Six per Cents., 44/ 45.
The liailway Market is steadier. Berwick and
Great Northern (A. Shares have advanced 1, and
South Eastern and Midland, 1. Caledonian,
Chatham, and Metropolitan are dull. 'The follow-
ing are the prices :—Caledonian, 81i to 82 ; Great
Eastern, 381 to 382 ; Great Northern, 107
to 108 ; Great Northern (A), 1051 to 1061 ;
Great Western, 51 to 511 ; Lancashire and
Yorkshire, 126 to 1261; London and Brighton,
451 to 452 ; London, Chatham, and Dover, 162 to
17 ; London and North-Western, 1182 to 1191 ;
London and South Western, 89 to 91 ; Metropoli-
tan, 101 to 101/ ; Midland, 1171 to 118 ; North
Eastern (Berwick), 1081 to 1081; and South Eastern,
762 to 772.
American Securities are not quite ss firm. United
States Five-Twenty Bonds are f lower, at 822 to
83 ; ditto Ten-Forty Bonds quiet, at 731 to 74t.
Illinois show a decline of k. at 911 to 95. Erie
Shares are steady, at 182 to 191.
Little business is doing in Bank Shares. Impe-
rial Ottoman shows a further relapse of f, the price
being 34. to 41 prem. ; London and Westminster
is steady, at 591 to 60 ; London Joint Stock, 31 to
32 ; Union of London, 35 to 36 ex div. ; London
and County, 50/ to 511; Imperial, 161 to 162 ;
Consolidated, 41 to 44; Alliance 14 to 15; Agra,
102 to 111; and Anglo-Austrian, 20 to 21 prem.
The dealings in Miscellaneous Securities continue
on a rather limited scale, and prices show little
variation. Hudson's Bay is firmer, at 13 to 14 ex
d, re., being an improvement of Anglo-American
eiegraph is quiet, at 212 to 22 ; French Cable,
221 to 222 ; General Credit, 1f to 11 dis. ; Inter-
natienal Finance, 2 to 11 dis. ; and National Dis-
count, 111 to 112.
There was no gold operations at the Bank yes-
terday.
The Wooloomooloo, from Sydney, has brought
£20,000, and the Nyanza, from Alexandria, £7,836.
The Bank of France return this week shows an
increase of £285,000 in the stock of bullion.
The Telegraph Bill has passed through Com-
mittee. It contains a clause protecting the interests
of submarine cables landed on the shores of the
United Kingdom, the Post-office being bound to
collect and distribute their messages.
The advices from Brazil by the present mail show
a further increase of financial confidence, the rate of
exchange being firm at 182 to 181. The Legisla-
ture was in session, and the estimates were under
discussion. A bill had been introduced for the con-
struction of the Jundiahi and Campinas Railway in
Continuation of the San Paulo line, and another to
enable the Government to continue and finish the
works in the port of Pernambuco.
The directors of the New Zealand Trust and
Loan Company (Limited) have resolved to declare
at their meeting on the 28th inst. a dividend of
5s- per share, being at the rate of 10 per cent. per
annum.

At a meeting of the creditors of the late Mr. J.
Naylor, Southgate Mill, Preston, on Tuesday, the
accounts showed the liabilities to be about £28,000,
the bulk of which is owing to the assigneess of
Messrs. Livesey and Thorpe. '1 he assets are esti-
mated at about £9OO, besides the mill buildings,
Rc , now valued at £lO,OOO only, although their
original cost was £30,000. The creditors agreed
that the concern shou'd ba wound up under a deed
of assigtiment.
The report of the Union Bank of Manchester
(Limited), to be presented at Manchester on the
28th in:st., states that, considering the depression
of trade generally in Lancashire, the result of the
business
rate of Bhas been satisfactory. A dividend at the
per cent. per annum and a bonus of 33.
Per share are recommended.
The directors of the National Bank have declared
151 dividend absorbing £37,500, being at the rate of
51.," Cent per annum, or 15s. per share on the
'AO Shares forming the capital of the bank.
C°
At the half-yearly meeting of the General Credit
"'Pally there was a strong expression of opinion
ontht the question of the claim of the company on
e Portuguese Government, and a special gene-
ral meeting was recommended to be convened with
gard to it. It is to be hop, d, however, that for
e Bakr of Portuguese credit some arrangement
saY yet be practicable to render that step unneces-
ry.

The return from the Bank of England for the
weak ended the 21st of July gives the following
rileAtilts when compared with the previous week
eet
-6,..................... £3,373,311 Increase ... £19,983
tlitlic deposits ...... 4,172,711 ... Increase ... 252,51,9
er deposits.-- ... 19,933,351 ... Decrease ... 7,952
g_ll the other side of the account :
slutvernMent securi-
thirr .............
" ......
£15,722,824 ... No change.
Note securities ... ... 15,114 863 ...Decrease ... 282,.4_74_
lulemployed... 10,3/3,815 Increase ... 487,624
"" amount of notes in circulation is £23,851,990,
being a decrease of £60,425 ; and the stock of
bullion in both departments is £20,229,110, showing
44 increase of £459,272 when compared with the
Preceding return.
Subjoined is a comparison of the present position
of
anthe Bank of England and the prices of Consols
French Renter with the corresponding week of
gas year

sullio.

At Present. Same Week
last Year.

"tk . ites,, .............. ... X 20,229,110 ... X 2,2,/ 86,3, 3_4
il_ "rve .................. 11,377,120 ... 12,586,224
iauttes in circulation . 23,851,990 ... 24,491,110
Kate of discount ..
3 per cent. ... 2 per cont.
Consols French Rentes ......... 72f. Sc. 70f. 20c.
The following
and billst, is the official return of the cheques
cleared in the Bankers' Clearing-house for
the Week ending Wednesday, July 21 :
Thursday X25,993,000
Friday ..
13,445,000
ilouda..
tiaturday.

Tuesday
“a
y
11,250,000
Wednesday .... 9,824,000

£81,197,000

BRITISII FUNDS-TWO O'CLOCK.

'`'Zit ENT rUNDS.; 8 Pe4 Cent. Consols
Ditto for A t July 7
8 Di
ccouu ,
„,PAr Cent. lteducea 92* 31
ZeW 3 per Cent
.`"? 21 per Cent. Jan. lkW,l
A ,Do• b per Cen Jan. 1873
'.'intlities, 80 yrs, expire sth Jan., 133 v —
bo. for 30 yrs expire 5t.11 April 1885_
E....°2 (Led Sea Telekraph), Aug., 1908 l9l
--e'e(llzzr Hills, £l,oou, 2i r. Ct. March 4 !.1,,,n
b 1")) Do. S do. June 10 7 4
k• o
£lOO,
atiu England Stock, £2004.1 per Cent .„243
a of
pening ........... ................
ftnada 4 per Cent.. Bonds
Inter-Colonial °annum
kil,
tilal/IAN GOVLICSAIENT bE(%illtrilb.
!itock, 101 per Cent., April 14 —
")
Lo
B'. pening, for Account —
°' Q• 5 per mit. July, 1880
4 ()
Pec Cent., bo. Certi Oct. 1888
Cates —
1)0. Enfaced Pape,. 4 per Cent. ,-. 9l
/311,C). 5 per Cent Jan. 187 2 ..... ~,,, lOOl
~
"(,°' 51 Per Cent. May 1879 _
413 doer Cent Rup. Deb. 1872 _
.)
do 1877
V:).
Doeb 5
do. 1882 —
per Cent., 1
Aug. 187 ~
po, w. bonds, 4 per Cent £l,OOO 3
-—2 l 25 pm
00ider .£l.OOO
n.„, FOREIGN FUNDS— TWO O'OLOCY.
A'rev44)4.4l itepublic, 0 per cent BOl