The Sun.
London, England, 1869-06-26 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.
Consols are fi inor to-day, at 92* 8 for money ;
ditto, for Account, 93 ; Three per Cent. Re-
duced, 92* 8 ; New Tree per Cents, 928 4 ;
Exchequer Bills £l,OOO, 5 prem.; ditto £lOO,
£2OO, and £5OO, par ; Bank of England Stock, 4
per Cent., 243.
India Stock, 101 per Cent., April, 1874, shut ;
ditto 5 per Cent., July, 1880, 111* ; ditto 4 per
Cmt., Oct., 1888, 1001 ; ditto Enfaced Paper, 51
per per Cent., 1101 ; ditto Bonds under £l,OOO,
10 prem.
In the Foreign Market, Turkish Five per Cents.
are 44 to 44i ; ditto Six per Cents., 67 to 671 ;
Spanish, 29* to 30 ; Charkof, 781 to 784; Orel,
801 to 80* ; Peruvian, 791 to 79:- ; Mexican, 121
to 121-; Italian, 558 to 56i ; Egyptian (1864), 88
to 89 ; ditto (1868), 78i to 791 ; Argentine, 80*
to 811 ; Brazilian, 82 to 824 ; and Portuglese, 35
to 351.
American Five-Twenty Bonds are 801 to 80*.
In the Railway Market Caledonian are 771. to 78 ;
Great Eastern, 381 to 38* ; Great Northern, 108 to
109 ; Great Northern (A), 1081 to 108* ; Great
Western, 50* to 511 ; Loudon and Brighton, 441
to 45; London, Chatham, and Dover, 161 to 171 ;
London and South Western, 89 to 91 ; Metropo-
litan, 971 to 98 ; Midland, 117* to 1181.
The sum of £70,000 in gold was taken to the
Bank yesterday.
Advices from Frankfort state that the long con-
tinued activity on the Bourse has at length sub-
sided, and that the market presents distinct symp-
toms of being overstocked, particularly as regards
American descriptions, which are largely in the
bands of speculators, waiting for the investments
likely to be made when the July dividends become
due. Mr. Walker, from Boston, is now negotiat-
ing at Frankfort for a 5 per cent. Massachusetts
loan, but objections are made to the price upon
which he insists. The issue of 5 per cent. Lombard
Bonds at 90 in Vienna currency, equal to 731 in
silver, has been a great success, the subscriptions
having been largely beyond the required amount.
Austrian shares are heavy; Lombards remain firm,
being favourably influenced by sanguine expecta-
tions of the participation of the company in
the projected Turkish network of lines, al-
though as yet there appears little disposition to
engage in this affair, owing to its magnitude,
and the long time its completion would take, and
the consequent uncertainties in case of any dis-
turbance in the East while the works were in
progress. A subscription for the shares, it is said,
would have but a poor chance in Germany. The
influx of American bonds Lav:ng ceased exchange
on London is a little lower; but the Frankfort
bankers, generally well stored with long bills on
this city, " have been cleared of them, and thus
a very useful reserve has been absorbed by the ex-
tent of the vast speculation." The German corn-
markets are rising, unseasonable weather having
prevailed ; but there is as yet, it is said, no appre-
hensions for the crops, and all would be s,:t right
by a favourable change. The wine crop alone ap-
pears to be irretrievably lost. For the holders of
Elizabeth Railway shares, of which there are many
iu England, it is mentioned that for the construc-
tion of new lines 15,000,000 florins will be raised,
10,000,000 by new shares and 5,000,000 by the
issue of preference stock. The holders of old shares
have the option to claim for three shares a new one
at 82, and for six a preference share at 86, both
payable in Vienna currency, 5 per cent. interest in
silver being guaranteed by the Austrian Govern-
ment. It is reported from Vienna that the Minister
of Finance is preparing some measure for paying
the interest of their bonds to foreign holders as
hitherto in the principal foreign towns.
In the colonial produce markets this week there
has been a steady demand without material change
in quotations. Refiners have taken a fair quantity
of sugar at firm rates, and several floating cargoes
have been disposed of. Some parcels of bright
grocery were sold yesterday at full rates. The good
and fine coloury qualities of coffee have met with
more competiaon, and in many instances prices
have been in favour of the sellers, but common and
grey sorts are still sold with difficulty unless at
lower terms. East India of good character sold
well. The tea market has continued very quiet
throughout the week, and the transactions have
been extremely limited. The Indian sales were
held on Tuesday and \Vednesday, when pekoes went
heavily. In other kinds prices remained unchanged.
Moderate supplies of cocoa have been partly dis-
posed of without alteration in value. Several car-
goes of rice have changed hands at higher rates,
but on the spot the market is quiet. White pepper
has been realised at prices slightly favourable to
buyers. In other spices there is no change.
The report of the Hudson's Bay Company, to be
presented on the 2d of July, states the profit for
the year to have been £71,533, against £54,874 in
the preceding year, and recommends a dividend of
Ss. per share, making, with the interim distribution
of Gs. in January, 14s. per share for the year against
12s. in the preceding year.
At the annual meeting of the Ebbw Vale Com-
pany yesterday a dividend of 10s. per share was de-
clared, making, with the interim dividend, 17s. 6d.
for the year, leaving a balance of £6,259 to be car-
ried forward.
The Postmaster-General has concluded a con-
tract with the London, Belgium, Brazil, and River
Plate Royal Mail Steamship Company (Limited)
for the conveyance of mails, via Falmouth, on the
3d of each month, to Rio Janeiro, Montevideo, and
Buenos Ayres, returning from Buenos Ayres on
the 17th of each month. It is hoped that the City
of Brussels, which leaves Falmouth on the 3d of
July, will take the first snail.
Messrs. S. L. Halliwell and Brother, of Spring.
head Mill, Lees, nearth Saddleworth, have called a
meeting of their creditars. Their liabilities are
said to be small.

BRITISH FUNDS-CLOSING PRICES.'

GOVERNMENT FUNDS.
3 per. Cent. Consols
Ditto for Account, July 7
3 pgr Cent. Reduced 92/ I
N 44 3 per Cent
Now 21 per Cent. Jan. 1894
Do. 5 per Cen J 5.n. 187 3
Aanuities, SO yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 --
Do (Red Sea Telegraph), Aug., 1908 —
Exchoqur.T Bills, £l,OOO, 24 & 3 per Ct
Do £lOO, £2ou & £5OO —
B ,uk of England Stock, 41 per Cent 243
Do. opening
Canada 4 per Cent. Bonds
Inter-Colonial Omnium
INDIAN GOVERNMENT SECURITIES
India rock, 10f per COnt., April 1874 —
Do. Openiu, for Account
Do. 5 'per Cent. July, 1880
Do. 4 per Cent., Oct. 1888
. _

Do. Certificates_
Do. Enfaced Pape. 4 per Cent..,,,,.
Do. 5 per Cert. Jan. 1872 ....,„. —
Dq. 5i per Cent. May Deb 1879 llOl
Da 5 per Cent., Rup. . 1872 —
Do do 1877 —

Do. do. 1882 —
1l.). Deb., 5 per Cent., Aug. 1873
Do. Bonds, 4 per Cent., £l,OOO
Do. under £l,000
FOREIGN FUNDS—CLOSING PRICES.
Argentine Republic, 6 per Cent ...... 80i9
Auitrian Bonds 5 per ceut
Do. 1859 —
Brazilian 5 per Cent —
Do. 4,1; per Cent. 1852 —
Do. do 1858...,,, —
Do. uo. 1860
Do. do., 1863
Do. 5 per Cent., 1865 —
Do Account B2
B.:/nos Ayres 6 per Cent.
Do 2 per Cont. (Deferred 3 per Cont --
Cuba, 6 per Cent.
C,l tutu 6 per Con'
D. 4i por Cent.
Do. 3 per Cont.,
1 u. 6 per c 0.4. 1867 97
Po. 7 per Cent., 1866
C 10 nt,ian, 6 per Cent.
Danish; 3 p.!-,• Cent., 1825
Dan" biau Principalities, 7 ler Cent 79
Do 8 per Cent., 1867 . 92
i'quador New Con.xlidatecl, 1 per Cent
E4yptiau, 7 per Cent.— „ ~... 814
1)c ••(!c:.oot.t lssut
•.
Do. £SA Bonds —
DD, £lOO Bonds • •••• -
1)u. 1564
Do. Account
Do. 1.566 Bonds
Do. £lO6 Bonds 9O
Do. 7 per Cent., 1868