The Sun.
London, England, 1868-07-11 00:00:00

1110Y-EY MARTiET

COMMERCIAL iNTELLTG7iNCE,

CITY, Two o'CLocK.

. The expectation of one or more new loans being
Introduced in the coining week is the main cause of
the depression in the Funds, in which a further re-
lapse of k has taken place this morning. The move-
-I,llent, however, is chiefly speculative, though some
ond Alf; sales have taken place. Transactions in
Foreign Stocks are upon a very limited scale, and
"
ereis no recoi ery from the lapse of yesterday in
Peruvian and some other descriptions. Railway
shares are perfectly inactive.
The Discount market is exceedingly quiet. First-
class bills are taken at 1 to 11} per cent.
dueConsols are dull, at 944 to 94!s for money, and at
to 4g. for the August a count. New and Re-
-0,,(1, 9-1 to 94,1 ; Bank Stock, 242 to 245 ; India
"`°C; 114/ to 115/ ; Exchequer Bills, 15s to 20s
urea).

The Foreign Stock Market is flat, at about the fol-
ewing quotations :—Mexican, 154 to 16 ; Greek, 13/
'l' 131 ; New Spanish, 351 to 36 ; Turkish, Five
Per Cents. (1865), 41± to 411 ; Egyptian (1864), 82
to 83_; Peruvian, 80 to 801.
In Railways there is no particular change. Prices
are without alteration, with the exception of a slight
decline in Sheffield, and a partial improvement in
Great Northern and Chatham.
United States 5-20. Bonds are quoted at 73 to 73k,
Foreign Railways are dull. Great Luxembourg
13 marked at 12 1-16 to 12 3-16 ; and Lombardo-
Venetian l6± to 16A.
Colonial Government Securities are steady. The
following are the quotations :—Canada 6 per Cent.,
WalesNTau Mauritius 6
102 to 104 ; ditto 5 per Cent., 90 to 92 ;
per Cent., 102 to 104 ; New South
per Cent., 99 to 101 ; New Zealand 6
~Per Cent., 106 to 107 ; Queensland 6 per Cent.,
'O9 to 107 ; Victoria 6 per Cent., 112 to 114.
Bank Shares are quiet, and the only movement is a
decline of k in Imperial, at 17-k to 18k ; Agra (A),
4
1 to 12 ; Alliance, 105 to 9k dis.; Anglo-Austrian,
to 51 prem. ex. div. ; Chartered Mercantile, 28 to
1",; Consolidated, 4k to 4/ ; Imperial Ottoman, 1i to
1:4 prem. • London and County, 495 to 50k;
ondon and Westminster, 464 to 47i ; do. New, 46k
ts°-,4,74 ; Oriental, 42k to 435 ; London Joint Stock,
' to 33 ; Union of London, 33 to 34.
a In Foreign Mining Shares there is little or nothing
1,-(3111g. St. John del Rey remains at 19 to 20 ;
L°rt Philip, 4 to 11 ; Chontales, 14 to 2k ; Rossa
'r„ancle, 7-16 to 9-16.
aliscellaneous Securities are in little request.
Anglo-American Telegraph remains at 214 to 21i ;
Atlantic Telegraph Eight per Cent., 4 11-16 to
4 13-16
Atlantic and Great Western Bonds, 35i
t
36 ; Hudson's Bay, 15 to 15/.
Great Indian Peninsula Railway New 4 per Cent.
Debenture Stock is 96 to 97.
Atlantic and Great Western Railway Debentures
a%
re 35 to 36, and the Consolidated Mortgage Bonds,
' to 36.
,Th, e New Honduras Loan is par to 1 prem.
A 4ne directors of the Union Bank of Australia have
declared a dividend-of 37s 611 per share, being 7k per
vent for the half year.
oAn interim dividend of 2s per share, or at the rate
f h,lpo per cent. per annum, has been declared for the
at' Year by the Thames and Mersey Marine Insurance
-oinpany.
India the meeting yesterday ef the East and West
. Dock Company a dividend of 3 per cent. was
declared for the half year, free of income-tax.
otIA call of £2 is to be paid by the 13th of August
„. the shares in the Great Indian Peninsula Rail-
Y Company, on which £8 has hitherto been called.
Messrs.x Lee and Bolton of the Hyde Ironworks,
thu!ver, have been compelled to call a meeting of
acl.r creditors to lay before them a statement of
anThe amount of liabilities is under £35,000,
and as a set off against this the assets show, nominally,
a".l..lmost equal sum.
,aThe directors of the Union Bank of Manchester
'e declared a dividend of 8 per cent. per annum,
also
I'° a bonus of 3s per share, payable on the 29th
Instant.
The Lancashire Insurance Company have declared a
dividend
'ear. of 10 per cent. per annum for the past half
~About £22,000 in sovereigns were taken from the
Bank Yesterday for the West Indies ; and it is ex-
te.cted that £250,000 will be withdrawn to-day for the
giver Plate on account of the Argentine Loan.A
Swedish Loan for .£1,150,000 will be introduced
!text week ; and on Thursday the Egyptian Loan will
10e brought out simultaneously in London, Paris, Frank-
fort, Berlin, and Amsterdam.
The meeting of the Great Eastern Railway Com-
-1)Y Yesterday ended in authority being given to the
directors to create permanent 5 per Cent. Debenture
Stock to pay off floating debentures as they fall due.
,
contract has been made with a body of capitalists
to take £1,000,000 between now and next year.
Annexed is a memorandum from the secretary of
neuter's Telegram Company (Limited) :—I am di-
rected by the board to inform you that an arrange-
ment has been this day en'ered into with the Post
()glee authorities for the transfer to the Government
of the Norderney submarine cable belonging to this
ect"Pany, on a similar basis to that agreed to with
tile other telegraph companies, subject to the Tele-
`raPhs Bill passing in the present session.
ii:rhe annual general meeting of the Australian
Illi"g Company has been convened for the 27th
st- to receive the directors' report and statement of
accounts.
70iittine.g.Alexandra Palace Company (Limited) are
2
applications for the remaining 5,000 of their
Six per Cent. Preference Shares, which will com-
plete their capital of £550,000. The times of payment
,e been conveniently arranged, whilst the preferen-
tial of the subscription appear to render it
,dtvioivelitrable as an investment. There is little need to
building the beauties of the site occupied by this
While g; it is one which noblemen might envy,
the public may enjoy from it the greatest luxuries of landscape that nature has provided in any
part of Englandb
. In quiet beauty the scenery is not
3:e surpassed. The Palace is to be opened next
,e_ar,reson the Ist May ; and, from the arrangements in
iitupgromsi'seldt twoilslaptifyrsove a perpetual attraction. Much
the votaries of science, as well as
the necessities of
h
Will be a second Palaucem o feri aspirations. In fact, it
moderate amount of
I• People ; and, from the
osssful Palace, too. its capital. it ought to be a 61.10,

BRITISH FUNDS—
GOVERNMENT FUNDS.
3 Per Cent. Consols .......... I
94 z 1 Ditto fur Account Au.g.. 6. 9 t 7- ,
9-1 i --
3 Per Cent. Reduced
941. 1 1
Ne ,v 3 per Cent
Now 21 per Cent. Jan. 1894
Do. 5 per Cent. •I an. 1873
A. tnuities, 30 yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 —
Do (Red Sea Tele( raph), Aug., 1908
_..—
Pm
Ex,:hoquer Bills, £l7OOO, 2 per Ct Do.
£5OO
Do. £lOO & £2OO — 11
Blair of England Stock, 41 per Cent
Do. Account —"
INDIAN GOVERNMENT SECURITIES.
ildia tock, 10} per Cent., April 1874
xd
00 5
DO. Opening, for Account
DO.l perr Cent., Oct i . pe Cent. Jul,
1888 ll4l 4 151 14 I
DO. Certificates 1880
105
_
DEnfaced Paper 4 per Cent _
0.
„" o• 5 Per Cent., Jan. 1872 1051
~. 51 per Cent., May 1879 lo9k 10
Do
4."0 5 per Cent., Rup, Deb. 1872
_
do. 1877 ....
Do.
do. 1882 _ L Deb., 5 per Cent., Aug. 1873
~
D°,— pm
Do. Bouds, 4 per Cent., £l,OOO
28 pm
under £l,OOO
A FOREIGN FUNDS—CLOSING PRICES.
'''l';ontine Repubc, 6 per Cent.....
621
Anitrian Bond; 5 per Cent. 1859
ad
bruiliaa 5 per Cent
ii
~,3. 4} per Cent., 1852
Du. do. 1858....
"°. do
1860
1)0. do.'
1863 66
1)‘). 5 per *bent., 1865 —
DO/1,1.1° Account
771
..enoskyres 6 per Cent — O
2 per Cent. (Deferred 3 per Cent )
011 6Per Cent.
(34,1ilina 6 per Cent...... lO2l
4)130 ‘9 per Cent
V°
b per Cont. B
.„1)0.1 1867
931
'-'O., 7 per Cent. 1866 _
'OO Q • ' '
___.
0 , ' '''. CrIP £32 paid ....
, i•
.nutan, 6 per Cent
.
xd
I," `l'l6l. 3 per Cent., 1825...
I,l)'tub' Principalities, I I.er Cent —
° 8 Per Cent. 1867 ............... ~.•••••- 7!;41 14
L',Tiador New (Jonsolidated, 1 per Cent. 131
..yptian, 7 per Cent ....................... .
.20. t•zeond issue ...
.. ••• I
ii,, £5OO Bd ...
_
O. £lO6 80nd5........ , ....................
.00.
1884
ot
Do.
Do. 45) Bond Accounts. .
°O. £lOO Bonds ..,
.......
Ciovernn.tut ltaiYt'vtly. ................. • 9:-N
-ir3eir 5 per Cent , 182-f 5, ex Coups —
1)0. Acccunt •
........... 4 A
DD
u.
„( u
po„ .................... . .
....
............
...
Q Do. X')e
ant
..............
.....
tatentala e per Cent
GoninrasGov. Rail. Loa.t; , 10p. Ct., £25 p
It .i •
_iau 5 per Cent 167,'
-1-'O, Account . ” - 791 81
_
.00. L'ln.retnman. a llaiwa.
_
14,xicai-. 3 per Cent Y
_
Ditto for Account
o.
___
1861
De
44. onte6vlP(l'vraCuoC4tc,eAr liCgeint-.111.°1 ..... •
• _
_ tow 114perial 5 Cent'... _
—'oWQrallacla.e.mitrier
15
....... elllfiltilltie