The Sun.
London, England, 1868-09-19 00:00:00

11.0NE1 MAIIIiET

AND
COMMERCIAL INTELLIGENCE,

CITY, Two O'CLOCK.

In the absence of further news of a disturbing
character from the Continent the markets of Europe
have regained their more natural composure. The
recovery, though slow, appears likely to be complete.
Rentes, which fell 11, are now only lower than
they were on Tuesday. The English funds have quite
regained the previous quotations, and almost the same
result is observable in foreign stocks ; as regards busi-
ness there is as yet no substantial improvement. Tho
autumn vacation is not yet over, though it is probable
that, the weather having broken, many persons will
hasten back to town. This morning the markets arc
exceedingly inactive, and a shade lower. This heavi-
!less extends to all classes of securities, including bank
shares.

The rate for first-class commercial paper does not
exceed 11 per cent.
Consols aro without change, at 94 to 94k for money
and account. New and Reduced Three per Cents.,
921 to 9:1T; India Five per Cents., 1141 to 115;
Exchequer Bills' 16s to 20s preen..
The Fureigu Stock market is flat with the ex-
ception of Russian Guarantees and Danubian Eight
Per Cents. The prices are :—Mexican, 14H to 14. k ;
Greek, 121 to 13 ; New Spanish, 331 to 34;
511 to 511 ; Turkish, *3B;,- to 38k ; Brazilian (1865),
76 to 77 ; Danubian Eight per Cents., 80k to 811 ;
Peruvian Five per Cents., 771- to 78 ; New Russian,
3i to 3 prem. ; Orel-Vitebsk, 83k to 84 ; Nicolai,
661 to 67 ; and flouduras, 86 to 87.
American Securities are rather flat. United States
5-20 Bonds are quoted at 711 to 72 ; Erie Shares
lower, at 30 to 31 ; and Illinois f, at 901 to 91.
Atlantic and Great Western Railway Debentures
are 37/ to 38, and the Consolidated Mortgage Bonds
381 to 381.
English Railway Shares are without particular
feature, and the dealings are very quiet. The follow-
ing are the quotations :—Lancashire and Yorkshire,
128 to 128 i ; Midland. 1091 to 110 k South Eastern,
762 to 77k; London and North Western, 1121 to
113 f ; Great Northern, 107 h to 1081 ; ditto (A), 1081.
to 108/ ; Great Eastern 381 to 39 ; Great Western,
491 to 50 ; London, Brighton, and South Coast,
5i to 521 ; Manchester, Sheffield, and Lincoln-
shire, 45k to 451 ; Metropolitan, 107 5 to 108 ; Cale-
donian, 671 to 68 ; North British, 31 to 32.
Foreign Railway Shares are steady. Great Lux-.
ernburg, at 10 11-16 to 10 13-16 ; Lombardo-Vene
tian is 16/ to 16a.
Bank Shares are rather dull. London Joint Stock
is f lower, at 31 to 32 ; and Anglo-Austrian f, at 6 to
7 prem. Agra (A) is steady at 111 to 121- ; Alliance,
12)s to 111 dis. ; Chartered Mercantile, 29 to 30 • Con-
solidated, 42- to 41 ; Imperial, 161 to 171 ;Ampe-
xial Ottoman, / to 1 prem. ; London and County,
49i to 501 ; London and Westminster, 651 to 661 ;
ditto New, 524- to 53i ; Oriental, 441 to 451 ; Union
of London, 341 to 35-.
Foreign Mining Shares are quiet, and without par-
ticular change. St. John del Rey remains at 181 to
10.1 ; Port Philip, 1i to 11 ; Chontales, 2i to 2a ;
Itessa Grande, -k to 3-16.
In Miscellaneous Securities business is very quiet.
Anlo-American Telegraph is quoted at 20 9-16 to
20 11-16 ; Atlantic Telegraph Eight per Cent., 311
to 4 ; Hudson's Bay, 144 to 15 ; Fore-street Ware-
house, par to 1 prem.; London General Omnibus, 1/
to ; Ocean Marine, 14 to 15 prem. ; Thames and
Mersey, 4/ to 41.
The Italian loan to be negotiated under the Tobacco
Convention is expected to be introduced on the
London market by Messrs. Stern Brothers in the
course of next week.

There were no gold operations at the Bank
Yesterday.
The Lincolnshire has brought £279,500 in gold
from Melbourne.

Tenders will be received on the 7th October for
£2,000,000 India Council Bills on Calcutta and
Madras.
It is stated that Sir Joseph 111`Kenna is about to
~„I's%ign the managing directorship of the National
zank, but he will retain a seat at the board.
The liquidators of the Joint Stock Discount Com-
pany have obtained the authority of the court to pay
a further dividend of is in the pound, making 15s
paid.

The half-yearly meeting of the Grand Trunk Rail-
way is called for the 22nd prox.
The following is the report of the City Offices Com-
pany :--" The directors beg to submit their half-
Yearly balance-sheet, made up to the 30th Juno,
1868, and duly audited. They regret that the results
are not more satisfactory, the annual rental at present
amounting only to £31,550, but they have every
reason to expect that they shall soon be enabled to
chow a considerable increase, which is the only condi-
tion now required to ensure the success of the com-
Pany. In each of the preceding half-yearly accounts
lasued; the debenture and other interests and ground-
rents for six months have been charged. In the pre-
'mit account, however, certain payments in respect of
these returns, filling due on the Ist of July, have
been included ; interest and ground-rents for nine
mouths, are, therefore, charged against six months'
,revenue. But for these additional charges there would
nave been a balance to the credit of profit and loss
account. They especially commend to the attention
of the shareholders the project now entertained for
converting part of the Lombard- street property
into an Exchange and News-room, which, from
tthe best consideration they can give, they be-
hve will materially and permanently improve
the company's rent - roll, not only from the
anloant to be derived from the subscriptions to
the room itself, but also from the advantages contin-
gent upon the close proximity of such a room to
the remainder of the offices in the main building.
The directors have much pleasure in stating that they
nave made a conditional arrangement with Mr. J. H.
xounghusband, secretary and treasurer of the Liver-
tool Exchange ; and the shareholders may therefore
have the most perfect confidence that the manage-
tient of the New Exchange will be conducted in a
thoroughly efficient manner. The capital account of the
?.)111pany is virtually closed—some retentions, due to
the builders, and sundry charges, alone remaining,
,L
Which must be added the cost of the fitting up the
news-room in Lombard-street, calculated at £3,000 ;
44P,c1 by the proposed change in the articles of associa-
-4`;011 no new expenditure can be undertaken without
the express sanction of the shareholders at a meeting
duly called for that purpose. The mortgage deben-
ures of the company will fall due on the Ist of July,
11369, and other liabilities will also have to be met
about the same period ; and it is hoped that the
revenues of the company may be so increased as
`° enable the directors to renew or provide for them."

BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT FUNDS.
3 Per Cent. Consols
Ditto for Account, Oct. 6
Now
Per Cont. Reduced 921 4
;;`„."q- 3 per Cent
4leiv 21 per Cent. Jan. 1894
a Do. 5 per Cent. can. 1873
4qllßitiOS, SO yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 —
E
'Do (Red Sea Televaph), Aug., 1908 — xd
x(liicquer Bills, £l,OOO, 2 per GI l5 pin
Do. £5OO
, DO. £lOO & £2OO —
',link of England Stock, 4 per Cent
Do openine.
0 ,anada 4 per Cent. Bonds —
INDIAN GOVERNMENT
India 51tock 104 per Cent., ApriIIB74SECURITIES ...
Do. Opening., for Account —
Do. 5 per Cent. July, 1880
Do. 4 per Cent., Oct. 1888
.
Do. Certificates —
Do. Enfaced Pape. 4 por Cent —
1-)o. 5 per Cent., Jan. 1872
tie. 54 per Cent., May 1879 llO4
Do 5 per Cent., itup. Deb. 1872 —
Do. do. 1877 —
Do. do. 1882 —
4A. Deb., 5 per Cent., Aug. 1873
Do. Bonds, 4 per Cent., £l,OOO
1)0. under .£l,000
FOREIGN FUNDS—CLOSING PRICES.
Argentine Republic, 6 per Cent
4nitrian Bonds 5 per Cent. 1859
orazilian 5 per Cent _
23. 41 per Cent., 1852 —
`,',o- do. 1838. —
:-',O. do., 1850 —
'"o• do., 1863 —
De
Accountent., 1865 —
761 4
;epos Ayros 6 per Cent.
C ',,),) 2 per Cent. (Deferred 3 per Cent )
64Ja, 6per Cent.
' „Wan 6 per Cent —
DO. 4t per Cent —
Poo, 6 per Cent., B —
1867 - --
D '
I,°-, 7 per Cent., 1866
D''' -'O., Scrip £32 paid
nabian, 6 per Cent.
ji.,`Ti'lish 3 p ;1- Cent., 1825
D°
uhian Principalities, 7 ler Cent
M• . u 0 8 Per Cent., 1867
ellador New Consolidated, 1 per Cent —
I,Plin, 7 per Cent BOl
0 ~ i
-econq Issue
1.9'. C5OO Bonds •• ..
80,1, 1
0. £lOO Bonds B3
Do. 1861
n, D.. Account
D • -05 0. Bonds —
`). ClOO Bonds
-I'-,llglish Scrip, 1868 ••••• ---
741
or? Do. do.
..£l5 pd — dis
overnment Railway Debentures
oek 5 por Cent., 1824- 5, ex Coups —
„ou. A ccouut
1,0. Coupon.
G,iv • Accunt -
IlenTzala 5 per Cent
It i7nurtsCroy.Rail.Loa.n.., 10p. Ct.,.£25p 88i 4
;T' ° Per Cert. 1865
00 A.cco
I)unt .. ,
414renuaana Bail way ~ --