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

MOi IYIARKET

AND
0 OMMERCIAL INTELLIGENCE,

CITY, Two o'CLocx.

Tne 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
fl it upo❑ the bad traffics. Hudson's Bay shares are
still firm.

The discount market shows increased inactivity,
the rate for the best commercial paper being 11 to
per cent.

The Ifolmsdale has arrived from port Phillip, with
£204,800 iu Australian gold.
Consols are a shade firmer at 91a to 041 for money,
and 931 to 931- ex div. for account ; New and Reduced
Three per Gents., 93,' to 931 ; India Five per Cents.,
steady, at 116 to 1161 ; Bank Stock, 246 to 248 ;
ExAequer Bills, 3s to 8s prem.
With the exception of Egyptian and Mexican,
which aro flat, at a reduction of ,± to -5 per cent,
foreign government securities are steady. Italian
continue in favour, and the 1861 bonds at 491
to 501, are a further k per cent. better,
'flaking the rise per cent. since this time
Yesterday. New Spanish are also firmer, at
36 to 364 : Greek are 131 to 131 ; Turkish (1865),
354 to 35g- ; Chilian (1866), 1021 to 1035 ; ditto
(1867), 95.4 to 90 ; Egyptian (186-1), 81 to 82 ; ditto
Railway Debentures, 91 to 92 ; Viceroy's Seven pes
Cents., 72 to 725 ; and the Nine per Cents., 91
to 9114.
American Securities are well supported. United
States Five Twenty Bonds are quoted at 711 to
714 ; Erie Shares arc -j; higher, at 45i to 451 ; Illinois,
951 to 951.
English Railway shares are quiet, and prices show
few alterations. -Manchester, Sheffield, and Lincoln-
shire is * better at 42 to 43, and Great Northern (A)
also higher at 96 to 97, but a fall of 4is
established in Midlands at 1061 to 107 i, Great
Western at 535 to 54, and London, Brighton, and
South Coast ,at 531 to 531. Lancashire and York-
shire steady, 1271 to 1281 ; South Eastern, 751 to
761 ; London and North Western, 115 to 1151 ;
Great Northern, 102 to 103 ; Great Eastern, 3:3
to 334 ; Metropolitan, 1115 to 112 ; Caledonian,
7ft to 75 ; London Chatham and Dover, 18/ to 19.
Bank shares are quiet, at previous prices. The
following are the prices :—Agra (A), 10 to 105 ;
Alliance, 13 to 12 dis. ; Anglo-Austrian, 41 to
5i 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 10 to 1774 ; Port Philip, 15 to 11 ; Chou-
tales, 14 to 2k,
Miscellaneous Securities are steady. Anglo-Ameri-
can Telegraph is enquired for, at 224 to 235 ; Atlantic
Telegraph Eight per Cent., 5 to 51 ; Hudson's Bay,
154- to 155 ; London General Omnibus, 14 to 24.
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.
£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 £1,045 ; the Great Northern an increase
of £857.

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 330,000 hectolitres during the pre-
N 101153 week, and of very fine weather for growing
crops. Some of the merchants who held for higher
prices were urging that the reduction could ❑ot be
supported, because several most critic;! Nveeks 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 from want of moisture. Advices to the
18th state that abundance of rai❑ 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
of arrears of calls, and of the call due on the 15th
Ins?, are stated to be £2,824,110 9s ld, some of
N+liich, however, are held as security by creditors,
Out, on the payment of each instalment of 2s 6d 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 beadopted.
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, mhich will be held on
Friday next. The revenue account for the nine
months shows, after payment of the interim dividend
9Juary last, an available balance of £44,562
°. 9dan.

' BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT FUNDS.
8 Per Cent. Consols 944 4
Ditto fur Account, Juno 4
a
,Pr 3 Per Cent. Reduced 934- 1
•vie
, per Cent
Neal 2i per Cent. Jan. 1894
Do. 5 per Cent. ~an. 1873
Annuities, 80 yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 —
1, 130 (Red Sea Pelel,,mph), Aug. 1908 —
''Zehcquer Bills, £l,OOO, 2 per GI pm
Do. £5OO
Do. £lOO 34 .£2OO
4lauk of England Stock. 44par Cent —
Do. Account
INDIAN GOVERNMENT SECURITIES.
4 adia stock, 104 per Cent., April 1874 ...
Do. Account
Do. 5 per Cent. July, 1880
Do. 4 per Cent., Oct. 1888
Do. Certificates —
Pe. Enfaced Paper 4 per Cent ' BB/
Do. 5 per Cent, Jan. 1872
O. 51 per Cent., May 1879 lO9
Do 5 per Cent., Rup. Deb. 1872 —
Do. do. 1877 —
, Do. do. 1882 —
"-. Deb., 5 per Cent., Aug. 1873
Do. Bond; 5 por Cent., £l,000
no. under .£1.000

4r FOREIGN FUNDS—CLOSING PRICES.
4entine Repulic, 6 per Cent...
.11.4t.ri.an Bonds, 5 por Cent. 1859
1— xd
r.t..than 5 per Cent
n. 41 per Cent., 1852
''''° do ~Cent.,
1858.... _
LO.l, do., 1840 _
"-'0• do. 1863 —
~
*1„0. 5 por Cent., 1865 —
:Ai. Account 761 1
_
`-' etios Ayres 6 per Cent
01/4) 2 Cent. (Deferred 3 per Cent ')
bud(,„_,_ per •
....
`l)5 6per Cent
ian 6 per Cent —
Do. 41 per Cent —
I)o. e per Cent, P
951"
~10., 1867 ..
—°', 7 Per,Cent., 18:16 —
0,., Scrip
paid
~ ylnait, 6 per Cent.
,2atulsti 3p .r Cont., 1825
" rinbian Principalities, 7 i.cr Cent —
„, I/0 per Cent., 1867 791
,7,'lllador New Consolidated, 1 per Cen' — .yptittn, 7 per Con' . •••
...,1 )0. Se.ood Issue
", '• i'slo ilond4
.L'o..£loo Bonds .
n,,, 1864
Do. Account
no. *Erin Ronda
no. .£lOO Bonds • ••••
urCieverno.Nnt Railway Debentures .... --
eek 6 per Cent 1824. sex Coups Do. a.ce .' - ,
cunt, 181
00.
Coupons
_ 'Jo. Account
.•• _—
tru'Utainala 5 per Cent i —
44°141111s GoV•RaiL Loan., 10p. Ct., 425 p --•