The Sun.
London, England, 1868-06-17 00:00:00

MONEY MARTIET

A ND
COMMERCIAL INTELLIGENCB,

CITY, Two o'CLocK.
iue marge t 4 opeuea somewhat dull, but prices are
not much altered. The funds are the same, though
quiet, and apparently not very strong. As regards
foreign bonds, quotations are for the most 4 to
per cent, better. The exceptions are Peruvian and
5-20 Bonds. The leading feature in railways is a
relapse in Metropolitan, which opened at 111, and are
now only 1 better. Shares are steady, with the ex-
eeption of London and County Bank, which have
further declined 30s, on apprehensions of au unsatis-
factory dividend.
The discount market is supported by an increased
general demand, and the rate is 15 per cent. Money
is leaving for the province".
The steamers leaving New York yesterday took
£130,060 in specie for Europe.
The English Funds are quiet, and prices are without
movement. Consols are quoted at 94 to 945 for
inoneV, and 945 to 95 for account. New and Re-
duced Three per Cents., 941 to 94/ ; Bank Stock,
217 to 249 ; India Five per Cents. steady, at 1145
to 115 ; Exchequer Bills, 14s to 18s prem.
In Foreign Stocks there is an advance of 1 in
Greek, at 132 to 141 ; of 4 to f in Turkish, at
38;1 to 3S± ; and of 4 in Italian (1861), at 52;1 to
53; and in New Spanish, 371 to 38 ; Mexican are
steady, at 155 to 165 ; Danubian, 814 to 825 ; and
:Egyptian (1864), 815 to 825 ; Peruvian are fiat, at
87i to 871.
American Securities are heavy. United States 5-20
Bonds are lower, at 721 to 73 ; Erie Shares
unaltered, at 454 to 46 ; and Illinois area worse, at
995 to 100.
Foreign Railway Shares are not quite so firm.
Lonibardo-Venetian is 4 lower, at 145 to 154 ;
and Great Luxembourg 12/ to 125.
The chief feature in railways is a relapse of in
Metropolitan, which are quoted 111 to 1114-. Great
Northern are / better, and Midland, London, and
North Western, and Great Western, 4 each. The
quotations are :—Lancashire and Yorkshire, 129 to
129 ; Midland, 106 to 1065 ; South Eastern, 755 to
76 ; London and North Western, 1164 to 116/ ;
Great Northern, 103 to 104; ditto A, 965 to 974 ;
Great Eastern, 361 to 37 ; Great Western, 534
to 533 ; Brighton, 511 to 521 Sheffield, 431 to
431 ; Metropolitan, 111 to 1114 ; Caledonian, 73/ to
73/ ; and Chatham, 201 to 204.
In Bank Shares there is not much doing. The
principal feature is in London and County, which
shows a further decline of 15, the price being 495 to
50L Alliance is also 1 lower, 105 to 91t dis. On the
other hand Anglo-Austrian and Consolidated are
each abetter, being dealt in at 55 to 6
prem., and 45 to 5 respectively. Agra (A),
steady, at 112 to 121 ; Chartered Mercantile, 30
to 31 ; Imperial, 18 to 19 ; Imperial Ottoman, 14 to
prem. ; London and Westminster, 711 to 713 ;
ditto New, 48/ to 481 ; Oriental, 425 to 435 ; Union
Joint Stock, 34 to 35 ; Union of London, 34 to 35.
Foreign Mining Shares are dull. St. John del Rey
18 S lower at 19 to 20 ; Port Phillip, 15 to 1.2 ;
Chontales, 11 to 2 ; Rossa Grande, 3-16 to 5-16.
Miscellaneous Securities are steady. Anglo-American
telegraph is quoted at 221 to 22g ex div. ; Atlantic Telegraph 8 per Cent., 5 to 5/ ; Hudson's Bay, 16g
to 16 ; London General Omnibus, 24 to 2a ; Na-
tional Discount, 114 to 155 prem. ; Ocean Marine
Insurance, 145 to 155 prem. ; Thames and Mersey,
45 to 5.4.
Bar gold to the value of £39,000 was sent into the
Batik yesterday, and £25,000 iu gold coin was with-
drawn for the Brazils.
The foreign exchanges are without alteration. the
silver market is quiet.
The failure was reported yesterday of Messrs.
Cutler and Barker, hop and seed merchants, of the
Borough. The liabilities amount to about £lOO,OOO,
but there is every reason to believe that a favourable
result will be obtained.
Specie to the value of £82,000 has arrived from
New York by the City of Baltimore.
The report of the Bank of South Australis, to be
submitted to the meeting of the 23rd of June, states
as follows :—" The past year has afforded the oppor-
tunity of thoroughly testing the assets of the Bank,
tilich have been satisfactorily proved to be in a sound
state. This has been facilitated by the contraction of
credit in Australia as in most other parts of the world.
From the depreciation, however, in the values of
land, stock, and produce, increased caution has been
neeessary in the conduct of the Bank's operations.
Under these circumstances, the court of directors are
nanny to state that the year's accounts show an ab-
sence of loss from bad debts, and that considerable
amounts have been recovered from debts formerly
Written off as doubtful. The directors are con-
sequently able to announce that the balance
to the credit of profit and loss warrants
them in recommending a dividend at the rate
of 10 per cent. per annum, free of income tax, a
decision which has been arrived at after carefully
reviewing the condition of each account, and the
general position of the Bank. here ha Len car-
;lea to the reserved fund the suT m of £5,890, being
10 per cent. off the profits of the past year, in con-
formity with the clause of the new charter, autho-
ti3ing the Fund to be increased to £125,000 on the
'Present capital of the Dank."
The Florence Land and Public Works Company
kLimited), which was formed for the enlargement and
improvenienit of the city of Florence, under a conces-
sion granted in 1865, and confirmed by all the
authorities, have announced an issue of 6 per cent.
Obligations amounting to £250,000, repayable in ten
Years by annual drawimsgs. £25 per cent. is payable
Po application, and the remaining instalments at the
three successive quarter-days. The concession was
granted before Florence was definitely settled upon as
the capital of Italy, and is therefore the more
gvtiluable that rents have since increased six times.
ee property of the company has been surveyed by
Italy and known professional gentlemen both in
the
and this country, and the probable result of
'oe undertaking is of a very gratifying character.
The definitive certificates of the Foreign and Cola
nial Trust will be exchanged for the fully paid-up
°\vrottnent letters on 111onday, June 22nd, and ten fol-
,ing days, and for the scrip certificates (bearing
receipts for both instalments) on Thursday, the 25th,
dud ten following days.
,_This week's Metropolitan traffic compares with
I'Vhitsun week last year, and hence a decrease of
SITG.

The traffic receipts of the Grand Trunk Railway
Company of Canada, • for the week ending June 1,
an increase of £2,139 as compared with the
corresponding period of last year ; and the receipts
of the Melbourne and Hobson's Bay Railway, for the
'Week ending April 23, a decrease of £591.
The following is Mr. Sam. Mendel's weekly circular,
(Wed Manchester, June 16 :—" The position of this
Tarket became weaker before the close of last week ;
"laud is still limited, but the feeling to-day is
e'lreelY so depressed, although not quotably iin-
rr°ved from the lowest point already touched.

DIRITIIIE FUNDS—TWO O'CLOCK.
GOVERNMENT FUNDS.
3 Per Cent. Consols ' 944 i
, Ditto for Account, July 9
Per Cent. Reduced 94
1 1.
Nu W 3 per Cent
~,,v 2). per Cent. Jan. 1894
'O. 0 per Cont.., an. 1873
Louities, 80 yrs, expire sth Jan., 1880 -.
go . for 30 yrs, expire sth April 1885 124
Z„."0 (Red Sea Telegraph), Aug., 1908 —
hoquer Bills, £l,OOO, 2 per Ct •— pm
1)0.
.£5OO
Do
Ili, £loo & £2OO — e
of England Stock, 41 per Cent —
'▪ 'O. Account •
In . INDIAN GOVERNMENT SECURITIES.
"`4,la FZ cock, 104 per Ceut., April 1874
'go. Account
IT). 5 per Cent. July, 1880
s▪ °. 4 per Cent., Oct. 1888
!Jo. Certificates —
Po. Enlaced Paper 4 per Cent 9l
DO. 5 per Cent., Jan. 1872
. Si per Cent., May 1879 —
0 5 per Cent., Rup. Deb. 1872 —
Do. do. 1877 —
D Do. do. 188.?
D''. Deb., 5 per Cent., Aug. 1873
b°. Bonds, 4 por Cent., 41,000
0. under .£l.OOO

FORZIGN FUNDS—TWO CLOCK.
A , geUtine Repulic, t per Cent...
,:trian Bonds, 5 per Cent. 1859
11liall 5 per Cent — ad
Do,
o. 41 per Cont., 1852 —
lit; do. 1818....
b; do., 18,;0 —
D°.
do., 1863 —
t „t.,oo.4seepoeuiat
r C ont., 1865
761
j stn.. ".Ayres 6 por Cent —
ii,?,„),J 2,.per Cent. (Doferrod 3 per Cent., 48}
k.;
4„,-,4 tiper Cent. .. —
17' u 6 per Cent —
°•u, 4} per Cent .....
bu• b per Cont., B —
Do', 1867
___
1)-0'1 7 per ,Cont., 1866
1 Scrip £32 pai —
b ' trlbiam 6 Cent.
_ Ltii.... , per. --
15 'l,', 3p 1r Cent., 1825.... . .
bo'' lan Principalities, / per Cent --
I'!nt 8 Per Cent., 1867 B2 I
k,i4,,(1,er New Cnsolidated, 1 per Con' —
'"41,, 7 per Cent ."
b° • Se,
.oael issue " ".
bo: 4:5!10 Bonds
£lOO Bonds —
110, 1864
113)3..(1D000.)
Bonds Account
.- --
82-i 1
G 4100 Bonds B3l 3
Oree sverianlettt liailway Debentures: ... 961
col. . Per Cent., 182.1-5, ox Coups —
4C.01.1nt iiittillimit,..•_, .