The Sun.
London, England, 1868-07-30 00:00:00

CONEY mi ARNET

MID

COMMERCIAL INTELLIGENOI,

CITY, Two O'CLOCK.
The depression which characterised the funds is on
of the anomalies of the stock market which it is no
easy to explain, seeing that all the general cases which
t'uolly affect prices are of a highly favourable cha-
racter. Money is cheap and most abundant.
•Idaokers and discounters have much more than they
;au employ ; and they offer it in sums at 14 per cent.
_here are no signs of any disturbance of the peace of
urope however uneasy the speculators on the
4.4rie Bourse may affect to be. The harvest is
all that could be desired in quality as well
;tquantity. The price of wheat is 20s per
uer lower than it was last year, and from
83 to lOs lower than it was a month ago, while
there are symptoms of a further decline in Mark-lane
12ez Monday. Yet all those favourable conditions go
fortnothing as far as the Funds are concerned, though
the Funds yield quite all good returns as most other
steeks, with the best security in the world. The fact
t that operators are closing their engagements previously
,e their avowed annual vacation, supplies some explana-
tion of the anomaly ; but this is obviously insufficient
to account for the whole. It would be useless for us to
attempt a solution ; but the British Funds, so long
as they are properly estimated by the public, cannot
Permanently remain below their true value from the
operation of merely speculative causes, in face of a
great harvest and a low price of money,which promises
to be of indefinite continuance.
a Tile Consols remain flat, at 94± to 944 for money
ha
account ; and New and Reduced are also at
Five
Price. Bank Stock, 246 to 248 ; India
t;irvle,osrpe;peirgreaCme.nts., 1141 to 115 k ; Exchequer Bills, 15s
Stocks are also flat, especially Italian and
The
Peruvian and Turkish are a little better.
to e Prices are :—Mexican, 15± to 151 ; Greek, 13k
524 131 ' New Spanish, 344 to 35 ; Italian, 52k to
84
feeurikrio2yll''s 381
Peruvian,
; to 39k ; Egyptian (1864), 83 to
Seven per Cents., 71± to 71/ ;
Peruvian, 77i
Indian
to 77i ; and United States, 72± to 724.
Great
Peninsular Railway Stock remains
hrin at 1074 to 1084 ; Great Indian, 1084 to 1094 ;
and Bombay and Baroda, 103 to 104.
Colonial Government Securities are steady.
With one or two exceptions English Railways are
again firmer. The rise in Metropolitan since yesterday
looming is now 3 per cent., the present price being
~1,16. Lancashire and Yorkshire are 130 to 1304 ;
id• land, 105 to 1054 ; South Eastern, 77 to 774 ;
Jeorlon and North Western, 116 to 1164 ; Great
41orthern 105 to 105?- ; ditto A, 102/ to 104 ;
2
Great Eastern, 40g to 401-; Great Western, 51 to
514; Brighton, 53/ to 54/ ; Sheffield, 42/ to 43k ;
Caledonian, 75k to 75/. ; and Chatham, 201 to 20/.
Banks are very quiet ; the only change is a slight
leProvenient in Anglo-Austrian. The quotations are :
,Agra (A) shares, 114 tol2 ; Alliance, 10 to 9 dis. ;
Vllgio-Austrian, 64 to 7 prem. ; Chartered Mercantile,
85 ▪ to 294 Consolidated, 4/ to 5 ; Imperial Bank,
and to 18 ; Imperial Ottoman, to prem. ; London
County, 52 to 53 ; London and Westminster,
714 ; ditto New, 484 to 494 ; Oriental, 434
'`q ; the London Joint-Stock, 34 to 35 ; and
nion of London, 354 to HI
arCr..dit and Finance Shares are without enquiry.
FonciersFiedit
i are perhaps hardly so flat, but London
lancial are at their heaviest. National Discount,to
12 ;
London Financial, 25 to 24 dis. ; Inter-
n2ational Financiall to 14 dis. ; Generai Credit,
; and Credit Foncicr, 2/ to 3.
forelegraph shares keep very firm upon pUrchases
forthe further rise expected as the time approaches
r,thegovernment to take over the lines.
Mining Shares are dull, and a point lower.
°ntate3 2 to 2f ; Port Phillip, 14 to 11 ; Rossa
Grande,, to prem. ; and St. John del Rey, 18 to 20.
West Wisconsin Railway Bonds are / to 1k prem.
o„,4nong Miscellaneous Shares London General
iiithbos are still quoted to 24 ; Hudson's Bay,
tes. to 15a ; and Thames and Mersey Marine, 44

ei,411 interim dividend of 8 per cent. has been de-
",„red by Parr's Banking Company.
d• "-he Freemasons' Tavern Company have declared a
Vend at the rate of 5 per cent. per annum.
There were again no bullion operations at the Bank
yesterday.
a The City of Boston has arrived, with £23,000 in
Pcmcie, from New York.
The Metropolitan Railway Company announce the
;8141 dividend, viz., at the rate of 7 per cent. per
;,11„1111,111 on the Ordinary, and 6 per cent. per annum
-"t,oe Extension stock.
The
dividend of the Electric and International Tele-
gioraPh Company for the past half year is at the rate of
gaper cent. per annum, the same as has been paid for
3r years.
A further remittance of £460 has been received on
account of New Granada dividends.
The Liverpool Journal of Commerce understands
xatiat the acceptances of Messrs. Zeigler, Meiss,
C°. of North John-street, Liverpool, were
te'llrued' on Tuesday. The liabilities are stated
a° amount to about £200,000, chiefly in con-
th,.ion with transactions in cotton to arrive,
f is expected that the liquidation will prove
avourable.
1,4 A call of £2 per share has just been made by the
2a,reguassu Steam Tramroad Company, payable the
ajV September.
he Danube and Black Sea Railway meeting is
The half
for the 13th of August.
Ore.i° half yearly meeting of the International Land
ot cempai
ly Is convened for the 18th August.
tijulLe British Columbia and Vancouver Island Spor,
t4Per, and Saw Mill Company have called a meet-
-sth August.
Rail receipts of the London and North Western
kidlaY last week show an increase of
.£OlO ; the
Leeclacd) £6,919 ; the Great Northern, £1,104 ; the
.of L: and South Western shows a decrease of .£646.
ip stated that the liquidators of the Royal Bank
aaerhoel
4., have decided to make further calls ofs
Mr respectively on the small and large shares.
are ,z.vs* Laing, M.P., and Sir William Russell, M.P.,
Pllrn-,"°l-1t to proced to the United States, for the
Alight! of of making a complete inspection of the
absent e and Great Western Railway. They will be
be 13 altogether about six weeks. Proceedings will
vaeet;eeclilY taken in the American courts for the
effee;:°4 of the receivership, and the transfer of the
tainuve management to the directors, of whom Mr.
Chairman chairman and Sir W. Russell deputy
At
4R:till all the French corn markets on Monday and
highl Tuesday, the farmers expressed themselves
gratified with the quality of the new wheat
, that
'Jay at buyers showed very much less disposition to
critr,l ~the prices demanded. All the markets in
depaZ France were giving way. At Aubigny, in the
Bf. 2‘flient of the Cher, the fall was not less than
In p c- per hectolitre, and a heavy fall was expected
brow"is, ow'
Lng to the quantities of new wheat
fell ght to market. At Algiers, on Saturday, prices
tenectvvithstanding a brisk demand for Spain, which
fronild. holders somewhat firm in their tone. A letter
00- •
vi holders
says that large quantities of wheat are
•
bdrleP forward from the Lower Danube, and also of
g
th:l.l\laster of the Rolls has decided that the action
ag4inetlq„,,uidator of the Joint Stock Discount Company
`4llBt Messrs. Capper and Co., in Wilkinson's case,
wee °n. The compromise is thus virtually upset
r, The the pardon was granted.
,"einr,ilafac receipts of the Bombay, Baroda, and
"et "'"la Railway, for the week ending June 6,
Were £lO
heelt f 11638, against £12,503 in the corresponding
The seora-,:'aet year. Those of the Madras Railway for
ienu week showed an increase of .£4,662 33 9d.
Way d',-.,rease in the receipts of the Grand Trunk Rail-
lleseer`Tada for the week ending July 11 is £2,630.
totalee—,the Bahia and San Francisco Railroad for the
4410 f "Ing June 20 show an increase of £169 on a
Less
X 615.
° ilteatoebezila.easart_teetrtihnwLaoi ndon for American securities (says
tes circular) has, since our last,
of Ti.e ratedyferY steady. United States 5.20 Bonds
qaneae-t..rona 72i to 72i, with a moderate amount
Nter. I°.oe. Illinois shares have been somewhat
44eme la gave way to 421, but have improved
tiv'ry 'rge purchases, and close firm at 43i to 44.
%Ica IllPortant business is daily done in the secu-
aecialbth,e Atlantic and Great Western Railroad,
tl;4ati; 1 the Consolidated Mortgage Bonds and
1,, 1014 The approach of the half-monthly set-
-rina indu
fe ed a d ced some sales to realise profits, and so
b,"he eeline for a day or two, but on good buying
aaeh theyweloccseountirtmt.hey rapidly advanced to 41. at
13

(` jßlrjs a FUNDS _CLOSING PRICES.
8. 'OVEnA.... . .
rot. n • .tENT / CND&
Dtrrit• Cons 1
a 1 0 f,_ 0 s
9ti ,l,
Per ue•,`,T Account, Aug. 6
9-li 1 i
ve ''''. Reduced
94+ -I- i
',ell, 21 Per Opnt
1) g Per Cent. Jan. 1894
d °•
bel44i Per Cont. 1873
biro 40 rsl •
k( l dSe , expire sth April,
_1.88.5 —.ri 0.. e, Teleitraph), A g 'um'
18 -
12 17 pm
1)0.1"r Bills, £l,OOO, 2 per Ct
D
~
il, 5. C5OO
18 -
13 71
'II,E of -,., ZlO9 & .C2OO
Do, '-aglartd Stock, 41 per Cent —
Itillecolitit
44,(1114,,,1A-N, UOVERNMENT SECURITIES.
"O. (s'el; 10i per Cent., April 1874
Izto. 6Pening, for Account —
114 f 151 14+
D I Pur Cent. July, 1880 bo. 015er ent., Oct. 1888
Do. bertificates _
_
Do. ''lliced Pape, 4 per Cent
_
bo. l'Per Cent., Jan. 1872
_
I),
.}per Ce t•May 1879
n ~
tP°O! r's,erit.., Rup. Deb. 1872 . . ....
Do. do. 1877 _
do. 1682 ...