The Sun.
London, England, 1868-07-16 00:00:00

LO: A 11

AND

0011NERCIAL if NTELI,-.Cilt t‘'i.Cl„

CITY, Two o'CLocK.

Expectations have began to prevail of a reduction
uthe rate of discount to 11 per cent. consequent
Pon the large and increasing supplies of unein-
-I)l3Yed capital. No change, however, was made by.
the Bank Directors to-day. As the 2 per cent. mini-
Mum has been in operation for exactly a year without
creating a revival in the demand, or absorbing any
Portion of the Bank's own reserves, it is perhaps
reasonable that the experiment of a reduction should
be made, though there is no precedent of a 1 per
minimum. The Stock markets are generally
fiin at somewhat better prices than prevailed yester-
bul, and business is also rather better. The New
Egyptian Lorin, which was introduced this morning,
is quoted at 1i to 11 prem. ; and the Swedish, 3- to
31 Prem.
Little or no demand is eN:perienced for money, and
commercial discounts are nil. The quotation barely
exceeds 11 per cent.
Consols are firm at yesterday's close, at 94;1 to 9.q.
for.,. delivery, and 941 to 941- for account. New and
-18edueed Three per Cents., 91H to 941 ;India 5 per
t steady at 163. to 2)3. prom ; Bank Stock, 244
°,40 ; Exchequer Bills, 161. to 20s. prem.
In the Foreign Mark-et prices are firma. The
tlYptian Viceroy Loan has improved nearly 1 percent.
geing now quoted at 721 to 73/ ; Peruvian, 80 to
; Orel Vitebsk Railway, 84 to 811 ; and
icolai, 66 to 64
United States 5-20 Bonds are tht, at 72a to 72a.
English railway shares are on the whole well sup-
ported, but business is confined to a few of the prin-
!ipal descriptions, and prices are almost stationary.
London and South Western is lower, at 91 to 911 ;
Tehile Metropolitan is.
-I- better, at 11311 to 114 ;
Lancashire and Yorkshire is quoted at 128 k to 129 ;
anti
London, Brighton, and South Coast, 52/ to 53.
Colonial Government Securities are in moderate
inquest. Canada 6 per Ceut. is quoted at 102 to
; ditto 5 per Cent., 89 to 91 ; Mauritius 6
Per Cent, 102 to 104 ; New South Wales 5
l Lent., 99 to 101 ; New Zealand 6 per Cent.,
10 to 112 ; Queensland, 106 to 107 ; Victoria 6
per Cent 112 to 114.
•,
Ilk Shares are in rather more request, and
i„"ce„3 generally are firm. London and County and
in°llcion Joint Stock, are' each better, being dealt
, at 50i to 51A-, and 321- to 331 r respectively. Anglo-
-12,-I.l3trian and IMperial are also better, the former
itinfg inquired for at 5 to 5;• prem., and the latter at
kii,•`° 11 prem. ; Agra (A) steady, at 11 to 12 ;
,lance, 101- to 9i dis.; Chartered Mercantile,
18 029 ; Consolidated, to 4i ; I'4. to
a ;
_London and Westminster, 68 to 69 ex div.;
4Gi to 47-6- ; Union of London 34 to 35.
Foreign Mining
Shares are almost at a standstill.
al.l clohn del Rey remains at 18 to 19 ; Port Philip,
° ; Choutales, 2t021 ; Rossa Grande,. to A-
ki?..ii,.Reellaneons Securities are very quiet. Anglo-
tkrioan Telegraph, 211 to 211 ; Atlantic Telegraph
11721,t: per Cent., to 4R. ; Atlantic and Great
.w.,`B'ern Mortgage Bonds, 35 to 36 ; Fore-street
ex div to 1 prem.; Hudson's Bay, 151 to 15k,
; Loudon General Omnibus, 2 to 2A- ; National
, ?ootint, 11 to 12 ; Ocean Marine Insurance, 141 to
are"%nrem. •'
Thames and Mersey, 41 to 5.
tirantie and Great Western Railway Debentures
3„ 0,4 to 351, and the Consolidated Mortgage Bonds,
uT to 35.
The
81. onduras Loan Debenture Bonds are soi to

Great Indian Peninsula Railway New 4 per Cent.
DThe ebenture Stock is 96 to 96k.
Australian mails were delivered this morning.
-Di...„At the tenth annual meeting of shareholders of the
ational Bank of Australasia, held at Melbourne on
per l‘laY last, a dividend at the rate of 10 per cent.
per annum, also a bonus at the rate of 2i per cent.
annum as recommended by the directors, was
declared.
a At the meeting yesterday of the General Credit
1.11,11 Discount Company, the proposed dividend at the
ate for
The 5 Par cent, per annum was declared.
h
bOrnthe, meeting of the General Land:
f and Improvement Company has been called
The August.
To Directors of the Electric and Internationalt.
in eßral:th Company have called the half-yearly mee
VOL. the sth August.
1.,1'40 bullion operations were reported at the Bank_
-livi4thteldaY• Since the date of the last return the total
Tk`4_ra_lval on balance has been £241,000.
fr_ue City of London has brought £230,500 in specie
at the °,1',11 New York.
tbilthlings for bills on India were held yesterday
to `IIK ,of England. The amounts allotted were
Th —"Leutta, £150,000 ; and to Madras, £50,000.
is Limininnuti price was fixed as before, viz. :
raaegiaobnuubtoth Presidencies. Tenders at is 11id will
In full.
18 per cent. ; those above will be allotted
The traffic
return
Co of the Madras Railway for the
Iveek ending ay 23 shows an increase of £5,044, as
• I*-,.r"11 MPared with the corresponding period of 1867 ; the
er„eat Luxernboura Railway for the week ending July
.._o ap increase .e.£1,609 ; the Bahia and SanFran-
of £lBO Railway for the week ending June 6, an increase
eriThise
.traffic receipts of the London and North West-
an .n."ailway for the week ending the 12th inst. show
toTcrease of £1,812.
elle Master of the Rolls has appointed Mr. Cope
errfficial liquidator of the Thames Patent Wood
eutti
ti
`'kith emPany (Limited).
referene,e to the paragraph in the city ar-
-1;1 ystesterday relating to the Wisconsin Railway, it
"s state that the bonds would be redeemable at
Par in,
fifteen seventy-five years. This should have been
04:,,e1_1,
Parrs,Yea when the bonds are to be paid off in
at ithth issued at 70 per cent.

BRITISII FUNDS—TWO O'CLOCK.
GOVERNMENT FUNDS.
8 per Cent. Consols
3 Ditto for Account, Aug. 6
per Cent. Reduced 1 1
New 3 per Cent
94 94/
New 24 per Cent. Jan. 1894
Do. 5 per Cent. d an. 1873
A.ntuities, 80 yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 —
Do (Red Sea Televaphl, Aug., 1908 —
Exchequer Bills, £l,OOO, 2 per Ct
Pin
Do. £5OO Do. £lOO &x
£2OO
71
....... .
Bank of England Stock, 4i .per Cent
Do. Account ...
............................ INDIAX UOVERNMENT SECURITIES
India stock, 104 per Cent.,
.AprillB74. ... 212 14
Do. Opening, for Acco!rp_t, ..................
Do. 5 per Cent. July, 660 1144 151
Do. 4 per Cent., Oct. 1888 104 z ............... %
Do. Certificates
Do. Enfaced Paper 4
Cent., Jan. 1872
por,Cent
Do. 5
per -ent.,
/
Do. 54 per Cent., may 18/9 lO9 10
Do, 5 per Cent., Rup.
Deb. 181,1
Do. do. 1
Do. do. 1882 —
Dc. Deb, 5 per Cent., Aug. 1873
00. Bonds, 4 per Cent., £l,000
Do. under £l,OOO
FOREIGN FUND
4r4entine Repullc, 6 per CenSt.—TWO CLOCK.
. --..
63i
Austrian Bonds 5 per Cent. 1859
xd
Brazilian 5 per 'Cent
,93. 41 per Cent., 1852 —
1)0.uo- do. 1838..... —
D 0 do., 1860
~. do 1863 —
~
O. 5 per Cent., 1865
77
1361-10 Account
.rsaaos&yres 6 per Cent —
C
'-'d 2 per Cent. (Deferred 3 per Cent.)
Cttl.i e
,-, set Cent.
wian 6 per Cent — 00. 41 per Cent —
Dl-)0. 6 per Cent. B —
93
T,(11 1867 ."°-1 7 per Cent 1866 —
Do k• ' .1
C , 1 '-'er,l3 £32 paid .i., , yibian, 6 per Cent. --
xl
*t.' 01811. 3 por Cent., 1825.
,abian Principalities, Tear Cent —
„,'-'° 8 per Cent. 1867 —
•Qua T '
lii • dor Is, ew Consolidated, 1 per Cent. 14
-,cl'Yptian, 7 per Cent
60, Second Issue ..•
D.,811
£5OO Bonds °D. £lO6 Bonds
no.
1861
T, o
„0. 4:5u0
BonisAccount
84'
Do. 4100 Bonds B6 7
_4orernment Railway Debentures .... 93
,saelt 5 per Cent 1824- 5, ex Coups —
Aso, A . - -1
00 cunt
..
• Loupon4
• ---
A.,
it `tiatcpittleallsupter
It ,i- urts Gov. Rail. Loan., 10p. Ct., £25 p
1,144 0 per Cent., 1865 0. Account
.00 At
111,,,...".areeltnalla. Rain-ay —
Dittor.3 per Cent —
Do for Account
.
1863 —
rtn6 Per Cent. Anglo-French
•
moor\ tdvall G per Cent
. —
toaperial 5 Cent
et
v'000.(18L:pee:r:',110:e0,11.1.1. ..... 1.:..r....... ..................... 15
Per,4„. aOO Warrants (Hoctares)
0 at 5 per Cent. 1865
0 Account
.. 801 t,
Do 41
Do
,4AI
Ppeerr
fc-,3,:roitt...(a.i2bafren) ,. ...
PO,--
41;'„ce°11of.. ..... .., ....... . De-88e 3 per Ct., 185:3, '6, '7, '9,'60,'2,'3
bo. do. 147 3Bl
E .„,,s; do. St; ip, £2O paid
Das per Cent., 1822, 4; St B7i
11.,° 4i Per Cent. 1850
._-')0 i per Ctrat., 1830
il, g Per Cent., 1859
,u_ per Cent., UG2
4#9 ADSlo.l)utob,lB64, 400 grOlidgort