The Sun.
London, England, 1869-07-12 00:00:00

COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

Consols are quiet to-day at 92j 3 for money ;
ditto, for Account, 93k ; Three per Cent. Re-
duced, 92i 3 ; New Three per Cents, 924 3 ;
Exchequer Bills £l,OOO, 11 prem.; ditto £lOO, £2OO,
and £5OO, 8 prem. ; Bank of England Stock, 4
per Cent., —.

India Stock, 301 per Cent., April, 1874, 2061 ;
ditto 5 per Cent., July, 1880, 111 i ; ditto 4 per
Cent., Oct., 1888, 1001.

In Hallway Shares Great Western, South East-
ern, and Midland have improved, but Metropolitan,
London and South IVestern, and Caledonian are on a
decline. Caledonian, 79i to 80; Great Eastern, 38i
to 381 ; Great Northern, 107 to 108 ; Great West-
ern, 501 to 51 ; London and Brighton, 441 to 454 ;
London, Chatham, and Dover, 16 to 17 ; Lon-
don and North -Western, 1181 to 1184 ; London
and South Western, 89 to 91; Metropolitan, 974
to 971- ; Midland, 116:1 to 1174 ; and South Eastern,
77 to 77k.

In the foreign market, Turkish Five per Cents.
have advanced to 40. Russian (1866) are 914 ;
Turkish Six per Cents., 66 ; Brazilian, 831 ; and
Italian at 541,- ; Egyptian (1864), 91 to 92 ; ditto
(1868), 80:1 to 804 ; Peruvian, 76i to 771 ; Char-
kof, 804 to 80; ; Orel, 81 to 84 ; Viceroy Seven
per Cents., 81/ to 811 ; dito Nine per Cents.,
961 to 97 ; Spanish, 28k to 281; and Honduras,
83 to 84.
American Five-Twenty Bonds are at 811 to 81k,
and Erie Shares are 184 to 18:1.
In Bank shares prices are steady. London Joint
Stock is quoted 311 to 321 ; Union of London, 361
to 371 ; Oriental, 41 to 42 ; Imperial Ottoman, 2
to 24 prem.
In Miscellaneous Securities Telegraph Shares in
request at improved prices.
The suns of £5,000 in gold was taken to the
Bank on Saturday.
The committee on the Telegraphs Bill /resolved
on Saturday that the standing
.orders ought to be
dispensed with, and that it should be permitted to
proceed " on a clause being ins2rte I smuring to
all existing telegraph companies, not having yet ar-
ranged with the Government, a right of arbitration
(failing agreement) as to the value of their present
rights band privileges." The bill is to be read a
second time on Tuesday next at two o'clock.
Although the Senate at Lisbon have agreed to
the bill for the new Portuguese Loan, the details of
the measure have yet to pass under their consider-
ation. The question as to the parties by whom it
will be introduced in London seems still to be un-
decided.
The report of the General Credit and Discount
Company (Limited), to be presented on the 26th
inst., announces a steady increase in the company's
business and connections, and recommends the usual
interim dividend at the rate of 5 per cent. per an-
num. It adds as regards the claim of the company
upon the London, Chatham, and Dover Railway
there is now every prospect of a decision being ar-
rived at, but that the affair of the South-Eastern of
Portugal Railway remains in an unsatisfactory posi-
tion, the Portuguese Government having, as was
stated some months back, by an arbitrary act
taken possession of the line, purposing to pay the
railway company a sum of only about £528,000
for an expenditure (admitted and fixed by the
Portuguese Ministry in October, 1867) of
£1,212,318 of British capital, laid out for the ad-
vantage of Portugal, and in which no British
capitalist would have engaged but for the reliance
placed on the good faith of that country and on
the large amount of direct assistance, by way of
subvention or guarantees, which the Government
covenanted to give to the enterprise.
The report of the Metropolitan Bank (Limited),
to be presented on the 15th instant, shows an
available total of £12,161, including a previous
balance of £5,842, and recommends a dividend
at the rate of 5 per cent. per annum, leaving
£7,161 to be carried forward. The deposts held
are £381,331, and the paid up capital is £200,000.
In the abstract given yesterday of the report of
the Alliance Bank it was stated that the deposits
held show a decrease of £212,626 from the corres-
ponding date of last year. The amount should have
been only £25,033.
It has been agreed by the Australian and New
Zealand Banks (with one exception) to adopt and
apply in future the re-exchange of 10 per cent. on
bills returned dishonoured from those colonies, in
stead of 20 per cent., the rate fixed about 30 years
ago, and which has long been looked upon as little
hum than nominal. A recommendation will con-
sequently be made by the next outward mail for all
the colonial establishments to agree to a similar
Charge in respect to dishonoured bills returned from
England. This alteration has become essential from
the short and regular mail service, the use of tele-
graphy, the altered condition of banking under in-
crease competition, and the enlarged facilities for
business. Indeed the rapidly extending commerce
of this country, from the advantages of steam corn-
nlunication with all parts of the world, seems to de-
'nand that the question of re-exchange with other
colonies and foreign countries should now undergo
revision. There are 8 and 10 per cent. rates with
the IVest Indies, 10 per cent. with the United
States, and not less than 25 per cent. with the
South American Republics.
At a meeting on Saturday of the creditors of Messrs
6. L. flalliwell and Brothers, of Manchester, a com-
Pa-sition of 9s. in the pound was agreed to-3s. in
Cam, 3s. in six months, and the remaining 3s. in
twelve months.

BRITIS FUNDS-TWO O'CLOCK.

, GOVERNMENT FONDF.
" kr Cent Consols
a Ditto for Account, July 7
per Cent. Reduced 92- 3
(317 3 per Cent
Or Do _.21 per Cent. Jan. 1894
. 5 per Con J 9.11.1873
4.4rauities, SO yrs, expire sth Jan., 1880 —
80. for 30 yrs, expire sth April 1885 -
1.,.. 0 (Red Sea Telegraph), Aug., 1908 —
—'4loquzr Bills, £l,OOO, 24p. Ct. March pm
Do Do. 3 do. June 11
.1,
£lOO, £2OO & £5OO —
41:ik of England Stock, 44 per Cent
r, Le. opening
l'atada 4 per Cent. Bonds —
4-tater-Colonial Cranium
1 , INDIAN GOVERNMENT ~SECURITIES
4,141 Mock, 104 per Cent., April 1874 2064
1,?,°. Opening, for Account '0 5 'per Cent. July, 1880
DO.„ I pet. Cent., Oct. 1888
'-'„0. Certificates —
t;0. Enfaced Fapei 4 per Cent..,...
1879
;;°. 5 per Cert., Jan. 1872 ,,...,. -
I\'°' 54 er . May
-") 5 pep Vent r
Cent Rup. Deb. 1872 —
'I
JDo do 1877 —
n ,)Do. do. 1882 —
--'„. Deb., 5 per Cent., Aug. 1873
,"0. Bonds, 4 per Cent., £l,OOO -'
"0. under .£l.OOO
FOREIGN FUNDS— TWO O'CLOCK.
A.i.,,4„„
Ai,',,-.4utle Republic, 6 per Cent 79i
''lau, Bonds 5 per cent
ih. Do. 1859 _
ilia 5 per Cent ,% ,
r) ' 4 per Cent. 1852 —
• _
:)• do 1858....
Uo.
b_ no. 1860
10.5 do., 1863 704
ono per Cent, 1865
.hccount 4
—j
Ayres 6 per Cent.
o„, 0 2 per Cent. (Deferred 3 per Cent.)
0,',1)1,, 6 per Cent.
.6'44 6 per Cent — -1,(_). 41 per Cent _
1;0. 3 per Cent.,
b% 6 per cezt. 1867
01 o• Per Cent., 1866 DR.4°;4lbian, 6 per Cent.
britzt, 3 p... 9.. c(t„.1.825........
Cent
tDo an Principalities, 7 per C
icii,.,B Per Cent. 1867 ...............
I.; '"4`tor New Consolidated, 1 per Cent,
71',tiati, 7 per Cent.... ...................
DO Sevoed Issue
..... -
.6
D. -£lOO Bonds
--
Do. 1864
t) Do. Account
rj-)• -t1;00 Bonds
h°. 410 G Bonds 921
-,,0. 7 ,
u per Cent~ 1868
D 5 per Cent., 1824 5, ox Coups. —
Account
-.,)(0). coupone
•
(1,:1ia,: Acce.ant
I,o4ll(ii,!uala 5 per Cent .. — Itali„ 'Ms Gov Rail. Loan. 10 p. Ct., all pd 82
.0.0'4.5 Per Cent, 1865
to
.."..ccourtt ..
kelq'
4t4rerlatnana Railway
44 a Per Ceut .......... ~,,,