The Sun.
London, England, 1869-07-26 00:00:00

MONEYMARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.
Consols are steady to-day at 93 I for money ;
ditto, for Account, —; Three per Cent. Re-
duced, 93k 3 ; New Thee per Cents, 93 ;
Exchequer Bills £l,OOO, —; ditto £lOO, £2OO,
and £5OO, 6 prem. ; Bank of England Stock, 4 per
Cent., —•

India Stock, 101 per Cent., April, 1874, ;
ditto 5 per Cent., July, 1880, 1111 12 ; ditto 4 per
Cent., Oct., 1888, 1008 ; ditto Enfaced Paper, 4
per Cent., ; ditto 51- per Cent., 1101.
The Carlist rising in Spain has not affected
Spanish Stock, which is quoted 29 to 294, but the
is dull, and not only here but in most foreign de-
scriptions. In Eyptian the Nine per Cent. Loan
is 4 lower, at 97k; ditto (1868), 1, 77'' ; ditto (1864),
92 ; and Viceroy Sevenper Cent., 82. There is a
deline of 1 in Argentine, at 791 ; Mexican, 121 ;
and Peruvian, 771. Italian 13)nds are firmer at 55.
Orel are firm at 8:3 to 84 ; Charkof, 82 to 82*.
'She Railway Market is very quiet. The prices
are as follows :—Caledonian, 81 to 811 ; Great
Eastern, 381 to 381 ; Great Northern, 106 i to 1071;
Great Northern (A), 104 to 105 ; Great Western,
501 to 511 ; Lancashire and Yorkshire, 1261 to
1261 ; London and Brighton, 441 to 451 ; London,
Chatham, and Dover, 161 to 17; London and North
Western, 118/ to 119; London and South Western,
89 to 91 ; Metropolitan, 1001 to 1001 ; Midland,
117 to 117 - ; North Eastern (Berwick), 1081 to
109; and South Eastern; 76* to 77.
American Securities are flat at Saturday's decline.
The Five-Twenty Bonds are 82-2- to 821 ; Ten-
Forty's, 731 to 741 ; Erie, 181 to 191 ; Illinois, 94
to 95 ; Atlantic and Great Western Bonds, 22 to
23 ; ditto Debentures, 27 to 28.
The transactions in Bank Shares are of little im-
portance, and prices show little or no alteration.
Among Miscellaneous Securities the transactions
are very limited, and prices show little alteration.
Anglo-American Telegraph is marked at 211 to 211 ;
General Credit, 11 to 11 dis. ; Hudson Bay, 121
to 13 ex div. ; and National Discount, 111 to 1.14.
The City of Limerick, from Brazil, has brought
£15,000.
The India and China mail steamer Bangalore has
taken out £177,195.
The steamers leaving New York on Saturday
will bring £260,000 to Europe.
It appears from the financial speech of the Se>
retary of State for India that it is contemplated dur-
ing the next ten or 20 years to construct 7,000 addi-
tional miles of railway in that country, being nearly
double the amount thus far completed.,l Supposing
the outlay to be at the same rate as hitherto, the
cost will be £126,000,000, and even if, as seems to
be hoped, a reduction of one-third can be achieved
b. y the work being carried on by the Government,
instead of through the agency of companies, the
Minimum requited will still be £84,000,000. Taking
15 years as the average of time over which the out-
lay is to be spread, it would thus be necessary to
raise about either six or eight millions a year through-
out the whole period. The Indian Government cal-
culate that because they can now get money at 4
Per cent. they may hope to effect the whole ope-
ration at that rate, and thus avoid the neces-
sity of guaranteeing 5 per cent, to public compa-
In the city of London, however, there will be
little response to their sanguine expectations. The
sums raised during the past 15 years under the 5
Per cent, guarantee and the prospect of future pro-
fits not been obtained without difficulty, and
,throughout the whole time complaints have been
aeard that the constant drain was injurious to the
Prosecution of enterprise both at home and in other
couutries of as much importance as India to our
commerce. Hence it will be prudent to assume tha
au average of 5 per cent, will be the lowest that can
be contrived,
His Highness the Viceroy of Egypt has thought
At to state through various journals 44 that The Sun
,B.°l-110 days ago reproduced a false statement pub-
iuslied in the Levant Herald concerning negotiations
°Y: the Egyptian Government fur a loan of 60
millions of francs." The sensitiveness of the Vice-
I°Y with regard to Egyptian credit is, however, a
!Avouratle feature, and it is to be hoped it may be
further manifested in a practical shape by some
Immediate settleinent being made of the claims of
the English shareholders in the Socidte Agricole.
The half-yearly meeting of the London and
12th of August.
South-Wegtern Railway Company is fixed for the
s The half-yearly meeting of the Millwall Free-
hold Land and Dock Company is called for the 9th
August.

Yhe dirctors of the British and Irish Magnetic
ala4elegraph Company (Limited) have declared a
alf Yearly dividend at the rate of 12 per cent. per
annum..

The half yearly meeting of the Lands Improve-
'gent Company is convened for the 7th August,
When a dividend is to be recommended.
The half yearly meeting of the City of London
'rewery (Limited) is called for the 4th of August,
When an interim dividend is to be declared.
L4t an extraordinary general meeting of the
'
,Ilelreholders of the United Land Company(Limited),
thd at the offices this day, an interim dividend, at
e rate of 5 per cent. per annum, was declared by
directors for the four months ending 31st
"IIY) 1869.
army bills of Messrs. Tait and Co., Southwark,
riLtilY and general contractors, have been returned.
u.e debts and liabilties are large, but nothing de-
4tunite h__
azi transpired with regard to assets. It is
t(l)ls4erstood a meeting of creditors has been called
,arrange the mode of liquidation.
x„'he directors of the Thames and Mersey Marine
report Company (Limited) have issued their
rQPlprt prior to the meeting. The directors recom-
deehd the payment (free of income tax) of a divi-
folicl of 2s. per share and a bonus of 2s. per share
rrpthile half-year ending 30th June.
di;:"8 Master of the Rolls has ordered a further
di'l„clend of 3s. in the pound (making with previous
%:Irtediors
_ Iq.eds 14s. 6d. in the pound) to be paid to the
of the Financial Corporation (Limited),
tvtile office of the official liquidator, Mr L. H.
'4118) 15, Coleman-street.

BRITISH FIJIYDS --TWO O'CLOCK.
g QQ'fbANSiEn FUNDS.;
tl Ceut• Consols
8 itto for Account, July 7
lie's? 3 Per Cent
Zto 2 per Cent. Jan. 1894
oEfor'•tutliti 80 yrs, expire sth Jan., 1880 —
o. 30 yrs, expire sth April 168 o"
Zo2 (Red Sea Telehraph), Aug., 1908 —
In
(40qUer Bills, £l,OOO, 2f p. Ct. March pm
Bank 1)0 Do. 3 do. June .44,k
£lOO, £2OO it £5OO 6460f t ngland Stock, 4} per Cent
Int a 4 per Cent. Bonds —
I°T-onial Uranium
haill,blTl UOVERNILENT SECURITIES
4,4 'etock, 0f per Cent., April 1874 —
Do,' Oponiu f A. ouza t
.N. x g, Or CC -
111:12
A" Per Cent. July, 1880
100 t
Ls ' Per Cet., Oct. 1888
1,,. Certificates —
)."0: Enlaced Pape. 4 per Cent..... —
Do. 5 per Cent., Jan. 1872 D,' 1 Per Cent. Ma 1879 .... llof
0 per C t P Deb. 1872
Cent., ~ ,up.
.00
do 1877 —
1);•De.
1882 —
11 do.
"la., 5 per Cent., Aug. 1873 ~ —
ho• Bonds, 4 per Cent., £l,OOO
"G. Under XL 000
ArgexitiorOi REIGN FUNDS— TWO O'CLOCK.
Atilt • e nau Bo n tepublic, 6 per Cent
ds b per cent
4a.1.14 Do. 1859
-kil 5 er Ce
t A i
:'1 Per Cent nt.
1852 —
: lo 1858 .
1)0, ". 1861 -
Do , do., 1863 f
13
Do 0 per Cent., 1865
iloo,:-. Account
..
e Ayres ti ....... . Co. ..
...
Cabo o 2 per Cent. (Deferred 3 per Cent )
e 6 Per Cent.
4,111eu per Cent "G• 41 -
•,, per Cent. -uo• 3
.vo. 6 Per Cent.,
.
Do. 7 Per cent. 1867.,. 94/
i
01,
ov. i per Cent., 1866
rubian, 6 per Cent.
4,,u'eili 3 per Cont., 1825. ..
I,,,,thbian Principalities 7 i.er Cent —
4)0 g
k: per Cent., 1867
......
cillltdT Nei'? Oonsolidated, 1 per Cent