The Sun.
London, England, 1868-05-21 00:00:00

1110 i x 4/ MARKET

OLIMERCIAL INTELLIGE.NCE,

CITY, Two o'CLocK.

Tile political.apprehension which prevailed yes!er-
day afternoon, and caused a relapse in the funds, has
partially subsided ; but there is in this respect no
recovery. The markets generally are firmer. In
foreign stocks the leading feature is the demand
for Italian, which have been dealt in at 50.
The cause is the belief that the financial
measures projected in Florence will be successful, and
that the deficient revenue will be supplemented by a
loan of five to seven million sterling, to which the
public will not be asked to subscribe. Railways are
lilt upon the bad traffics. Hudson's Bay shares are
still firm.
The discount market shows increased inactivity,
the rate for the best commercial paper being 1 to
per cent.

The Holrnsdale has arrived from port Phillip, with
£204,800 in Australian gold.
Consols are a shade firmer at 94a to 942 for mocey,
and 931 to 931 ex div. for account ; New and Reduced
Three per Gents., 9n to 9:31 ; lndia Five per Cents.,
steady, at 116 to 11 ; Bank Stock, 246 to 248 ;
Exchequer Bills, :3s to 8s prem.
With the exception of Egyptian and Mexican,
which are fl it at a• reduction of kto per cent,
foreign government securities are steady. Italian
continue in favour, and the IE6I bonds at 492
to 501, are a further per cent. better,
making the rise 1 per cent. since this time
yesterday. New Spanish are also firmer, at
36 to 361 ; Greek are 13k to 132 ; Turkish (1865),
35a to ; Chilian (1866), 1021 to 1031 ; ditto
(1867), 95i to 96; ; Egyptian (1864), 81 to 82 ; ditto
Railway liebentures, 91 to 92 ; Viceroy's Seven pet
Cents., 72 to 721 ; and the Nine per Cents., 91
to 911.
American Securities are well supported. United
States Five-Twenty Bonds are quoted at 71k to
711 ; Erie Shares are f higher, at 45i to 452 ; Illinois,
954- to 952.
English Railway shares are quiet, and prices show
few alterations. Manchester, Sheffield, and Lincoln-
shire is I better at 42 to 43, and Great Northern (A)
also higher at 96 to 97, but a fall of lis
established in Midlands at -1062 to 1071, Great
Western at 531 to 54, and London, Brighton, and
South Coast int 53f to 532. Lancashire and York-
shiresteady, 127/ to 1281 ; South Eastern,
75/ to
76f ; London and North Western, 115 to 1151 ;
Great Northern, 102 to 103 ; Great Eastern, 33g•
to 33i ; Metropolitan, 1111 to 112 ; Caledonian,
74-1 to 75 ; London Chatham and Dover, 182 to 19.
Bank shares are quiet, at previous prices. The
following are the prices :—Agra (A), 10 to 101 ;
Alliance, 13 to 12 dis. ; Anglo-Austrian, 44 to
51 prem. ; Imperial Ottoman, to 1 prem.;
London and County, 52 to 53 ; London and
Westminster, 71 to 72 ; London Joint Stock, 35
to 36 ; Union of London, 35 to 36.
In Foreign Mining Shares, St. John del Reys are
marked at 161 to 171 ; Port Philip, 11 to ; Chon-
tales, 1 to 21,
Miscellaneous Securities are steady. Anglo-Ameri-
can Telegraph is enquired for, at 22k to 231 ; Atlantic
Telegraph Eight per Cent., 5 to 5f ; Hudson's Bay,
15k to 151 ; London General Omnibus, 1 to 21.
The annual general meeting of the Vancouver Coat
Mining Company has been called for the 28th inst.,
for the transaction of the ordinary business of the
Company.
The traffic receipts for the Bombay, Baroda, and
Central India Railway for the week ending March
28th show an increase of £904 ; and the receipts of
the Madras Railway for the week ending March 21st
an increase of .£1,071, as compared with the cor-
responding periods of 1867.
The bar gold sent into the Bank of England yester-
day amounted to £46,000, making the balance for the
week £290,000 in favour of the stock held.
The City of Boston has arrived from New York
with £155,000 in specie, and a further amount of
£250,000 left that port yesterday for Europe.
The biddings for £200,000 Council Bills on Cal-
cutta and Madras took place at the Bank yesterday.
X 198,000 .were allotted to Calcutta, and £1,900 to
Madras. The minimum was, as before, is lld on
both presidencies, at which tenders will receive 38
per cent., and those above in full. These terms show
no change in the demand. No tenders on Bombay
Were invited.

The London and North Western Railway traffic
return shows this week a decrease of £2,472 compared
with the corresponding period of last year ; the Mid-
land an increase of £2,077 ; the Glasgow and South
Western a decrease of £231 ; the Great Eastern an
increase of £1,015 ; the Great Northern an increase
of £es7. _ _ _

Advices from Marseilles, dated last Monday,
state that flour is rather firm in price, notwith-
standing lower prices of wheat, consequent upon
the arrival of• 350,000 hectolitres during the pre-
vious week, and of very fine, weather for growing
crops. Some of the merchants who held for higher
prices were urging that the reduction could not be
supported, because several most critical weeks have
got to elapse before the harvest could possibly be
gathered. Nevertheless, the fall in price was con-
siderable for grain upon the spot, but for future
delivery it was less important. Madrid letters state
that fears had been entertained of drought in
various parts of Spain, and that the crops were
suffering front want of moisture. Advices to the
16th state that abundance of rain had fallen, and that
fears of the harvest were consequently composed.
Wheat had fallen in price at most of the interior
markets.

The liquidators of the Imperial Mercantile Credit
Association have issued the report of the second year
of their liquidation. The liabilities have been re-
duced to £1,476,193 17s 7d. The assets, exclusive
9f arrears of calls, and of the call due on the 15th
Inst., are stated to be £2,824,110 9s ld, some of
which, however, are held as security by creditors,
but, on the payment of each instalment of 2s Gd in
the pound, one-eighth part of the whole of such secu-
rities will be released and become available for reali-
sation. The progress made in the realisation has been
as great as circumstances have permitted ; and the
call due on the 15th inst. was being paid as readily
as either of the preceding calls. There were, how-
ever, large amounts of the preceding calls over due,
for the recovery of which proceedings would be adopted.
The directors of the Anglo-American Telegraph
Company (Limited), have issued a circular to the
Shareholders, formally announcing the successful close
of the negotiations for working a union with the
Atlantic Telegraph Company, and annexing a synopsis
of the articles of contract, particulars of which have
already been given. It is proposed to submit the
accounts of the Anglo-American Company, up to the
30th April last, to the meeting, w hich will be held on
Friday next. The revenue account for the nine
months shows, after payment of the interim dividend
111 January last, an available balance of £44,562
9s. 9d.

BRITISH FUNDS—TWO O'CLOCK.
GOVERNMENT FUNDS.
8 per Cent. Consols -If I-
Ditto for Account, Juno 4
1 Per Cent. Reduced 93f
rye'v 3 -1-
931 I per Cent
tlew 21 per Cent. Jan. 1894
DO. 5 per Cent.., an. 1873
annuities, SO vrs, expire sth Jan., 188 e —
Do. for 30 yrs, expire sth April 1885 —
Do (Red Sea Televaph), Aug , 1908 —
Ezotiociner Bills, £1,00(', 2 per Ot — pm
Do. £5OO
Do. £lOO & £2OO —
Ils.uk of England Stock, 41-per Cent —
Do. Account — —
INDIAN GOVERNMENT SECURITIES. • '
India gawk, 104 per Cent., April 1874
Do. Account
Do. 5 per Cent. July, 1880
Do. 4 per Cent., Oct. 1888
Do. Certificates —
Do, Enfaced Paper 4 per Cent BB}
Do, 5 per Cent., Jan. 1872
Do, 54 per Cent., May 1879 lO9
Do 5 por Cont., Rup. Deb. 1872 —
Do. do. 1877 —
„ Do. do. 1882 —
"1-..:t•• Deb., 5 per Cent., Aug. 1873 ~
'2O- Bonds, 5 per Cent., £l,OOO
1)0. under £l.000
FOREIGN FUNDS—TWO CLOCK.
4.l',l'entine Repubc, 6 per Cent...
.....4 itrian Bonds, 5 per Cont. 1859
Ilrazilian 5 per Cent — xd
23. 11 per Cent., 1852 ...
'lO. do., 18'43....
LO. do., 18 ;0 •••
h
Ti• do, 1863 —
'''°. 5 per Cent, 1865 —
, Do Accoun+
Sa tienos Ayres 6 per Cent —
0 Do 2 per Cont. (Deferrad 3 per (;0111 ,
6444',. 6por Cent.
rstitan 6 per Cent —
u 0.44 per Cent —
u°• 6 per (lent B . • --
O. 1867 1
Uo, 7 PAr ,Cent., 1860 —
o , , Scrip £32 paid
yubilai, 6 par Cent.
la
.V,Alligh 3p lr Cent., 1825••••••••
.nubian Principalities, 7 i.cr Cent —
r, D 0 8 per Cent. 1867 79}.
uador New Consolidated, 1 par Oen'.
9'
rPti!o, 7 per Cent . ...
1:,0: Se, Odd Issue
, • Cs' )1) rt011,18
.."10.
£IOC Bonds --
00, th 6 i
0— £s;u Do, 1
Bo •
Account
"
D nne
0. £lOO Bonds a •••• ....
larall„Tri.-ronatut, Railway debentures ....
rj °Per Cent 1824-5 ex Coups —
• 0 A ./ 7
n ....econt
—O. !Jou n.r.10,
' -
G n'
IC/0. .A.CCOe ' • --
tat. ,
0
IT_
.-otaat o per Cent . —
"4,4otarae Gov. Rail. Loan., 10p. Ct, a 5 P