The Sun.
London, England, 1869-07-09 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.

Consols are firm to-day at 93* 1 3 for money ;
ditto, for Account, 931 ; Three per Cent. Re-
duced, 93 ; New Tkree per Cents, 931 3;
Exchequer Bills £l,OOO, 8 prem. ; ditto £lOO, £2OO,
and £5OO, —; Bank of England Stock, 4 per
Cent., —.
India Stock, 101 per Cent., April, 1874, 2071 ;
ditto 5 per Cent., July, 1880, 1111 12 ; ditto 4 per
Cent., Oct., 1888, 100 *1 ; ditto Enfaced Paper, 5
per Cent., —.
Foreign Bonds are dull, Italian, Mexican, Spanish,
and Turkish being flat. Argentine are quoted at
782 to 79/ ; Brazilian, 831 to 84 ; Egyptian (1864),
90f to 911 ; Egyptian (1864), 80 to 801 ; Viceroy
Seven per Cents., 801 to 80*; dito Nine per
Cent., 96 to 961 ; Italian, 531 to 54 ; Mexican, 12
to 121; Peruvian, 761 to 77 ; Russian (1868), 90
to 91 ; Orel- Vitebsk, 81 to 811; Charkof, 792 to
801 ; Spanish, 281 to 282 ; Hocduras, 83 to 81;
Turkish Five per Cents., 454 to 45i ; and ditto
Six per Cents., 652 to 66k.
In the Railway Market, Great Northern are 1
lower, and Chatham and Caledonian * each.
Metropolitan and Midland are * better. Prices
are as follows :—Caledonian, 79/ to 792; Great
Eastern, 381 to 381 ; Great Northern, 107 to
108 ; Great Northern A Stock, 106 to 107 ;
Great Western, 501 to 51 ; London and Brigh-
ton, 442 to 45 ; London, Chatham, and Dover,
162 to 17 ; London and North Western, 1181 to
119 ; London and South Western, 89 to 91; Me-
tropolitan, 971 to 972; Midland, 117 to 1171; North
Eastern (Berwick), 107 to 108 ; and South Eastern,
77 to 771.

United States 5-20 Bonds are steady at 81f to
81i ; ditto 10-40 Bonds, 721 to 72i ; Erie Shares
are lower, at 184 to 19 ; and Illinois Central, 95i
to 96.

Bank Shares are without movement. Agra (A)
is steady at 11 to 11/ ; Alliance, 15 to 16 ; Anglo-
Austriln, 19 to 21 prem. ex dix. ; Chartered Mer-
cantile, 30/ to 311 ex div. ; Consolidated 41 to 4i ;
Imperial Ottoman, 1i to 11 prem. ex div. ; London
and County, 50/ to 51/ ; London and Westminster,
62 to 63 ; Oriental, 41 to 42 ; London Joint Stock,
32 to 33 ; and Union of London, 37 to 38.

A considerable business continues to be done in
Telegraph Shares, and prices generally show a fur-
ther advance. French Atlantic Telegraph is
higher, at 218 to 21g. Telegraph Construction is
very firm, at yesterday's advance. Anglo American
Telegraph is better, at 20a to 208.
In Miscellaneous Securities Hudson's Bay Shares
are dull, at 121 to 13, being a decline of I ; National
Discount is steady, at 111 to 111 ; General Credit,
to dis. ; and International Finance, 2to 14 dis.
ex div.

English wheat continuing scarce, firm rates are
asked in the face of the brilliant weather.

The report of the directors of the Victoria
Station and Pimlico Railway Company presented
at the half-yearly meeting to-day declared the usual
dividend at the rate of 9 per cent, per annum.
The sum of £32,000 in gold was taken to the
Bank to-day.
The Canaan, from Sydney, has brought £25,000 ;
the Anglesey, from Port Philip, £43,500 ; and the
Jerusalem, £42,000.
The Bank of France return this week shows a
further diminution of £480,000 in the bullion.

The letters of allotment for the 4f per cent. City
of London Bonds for £234,000 at par will be issued
to-day. Tenders for more than six times the
amount were sent in.

The half•yearly meeting of the proprietors of the
East and West India Dock Company will be held
on the 16th inst.

The Levant Herald of the 30th ult. says :
" Nothing has transpired during the week as to
the progress of the negotiations for the proposed
110,000,000 loan, nor is there yet any news of the
budget. _ _ _

Country advices report the failure of a firm en-
gaged in the corn trade in the Eastern counties,
with liabilities estimated at £150,000.

The report of the Dutch Rhenish Railway Com-
pany, which was adopted at the annual meeting of
proprietors held at Utrecht on the 29th ult., states
that the receipts for the past year exhibit an in-
crease of £19,407 12s. 4d. over those of the preced-
ing year. A payment of 14s. 4d. per £2O share
and 4s. 3d. per £6 share, in addition to the provi-
sional distribution in January last, was recom-
mended, making the total dividend for the year at
the rate of £8 Os. bd. per cent.

The directors of the London Joint-Stock Bank
have resolved to declare at the half-yearly general
meeting, to be held on the 15th inst., the usual
dividend at the rate of 12j per cent, per annum,
carrying forward £5,700.
The suspension has been announced of Mr.
Bourne, of Brindle, near Preston, but the liabili-
ties are not stated.

The following is from the Cape Copper Mining
Company :—" The company have despatches, per
Celt, to the 22d of May. The ground beyond the
Flucan in Ookilp mine continues to show consider-
able improvement. Spectakel alio continues satis-
factory. The mule sickness continues, but means
are being taken to stamp it out. Fine rains had
fallen. Bills of lading are received for 523 tons
of ore."

Advices from Vienna state the arrangements for
the issue of bonds- for the construction of the net-
work of railways in European Turkey to be nearly
complete. It is intended to issue two kinds of
bonds. The first, based upon a guarantee from
the Lombardo-Venetian Railway Company, is to
consist of 600,000 lottery bonds of 100 florins each,
with lottery poizes after the manner of the Austrian
Credit Lottery Bonds. They are to be put forth by
the Anglo-Austrian Bank at 87f florins per bond,
with instalments spread over two years. The second
issue is to be for a nominal amount of francs:
264,000,000 f. in 650,000 bonds of 400 f. each, bear-
ing 12f. interest per annum, and having four draw-
ings annually, at each of which there are to be two
prizes of 400,000 f. and two prizes of 200,000 f. The
bonds are to be absolutely guaranteed by the Tur-
kish Government, in a form similar to that of the
existing Russian Railway Bonds. The issue price
is stated as 172 f. 10c. per bond. It will be seen by
the nature of the intended securities that they can
be issued only on the Continent.
The return from the Bank of England for the
week ended the 7th of July gives the following
remits when compared with the previous week

Rest
PuLlic deposits
Other deposits 21,091,460 ... increase ... 1,941,734
On the other side of the account :
Government securi-

ties £15,702,999 ... Increase ... 1,548,626
Other securities 17,409,587 Decrease ... 3,142,622
Notes unemployed 9,748,680 ... Decrease ... 482,190
The amount of notes in circulation is £23,996,330,
being an increase of £603,225 ; and the stock of
bullion in both departments is £19,810,598, showing
an increase of £29,822 when compared with the
preceding return.
Subjoined is a comparison of the present position
of the Bank of England and the prices of Consols
and French Routes with the corresponding week of
last year :

Same Week
last Year.
Bullion
Reserve
Notes in circulation 23,996,330 24,722,730
Rate of discount
Consols
French Routes
The following is the official return of the cheques
and bills cleared in the Bankers' Clearing-house for
the week ending Wednesday, July 7 :
Thursday £16,394,000
Friday
Saturday...
Monday 11,010,000
Tuesday
Wednesday 14,126,000

At Present.

£80,912,000

BRITISH FUNDS—TWO O'CLOCK.
GOVERNMENT FUNDS.
3 lorIor Cent. Consols
Ditto for Account, July 7
Pflr Cent. Reduced 93 I
art 3 per Cent Hi 8
ttttt wojimmont•miti•