The Sun.
London, England, 1868-07-13 00:00:00

ittOINtY ZARTiET

AND

COMMERCIAL INTE:L.L7Gnicri,

CITY, Two o'CLocic.
Co change of importance has been established in
the Stock Exchange, owing probably to the fort-
tightly settlement which commenced this morning
chiefly engaging attention. The Foreign Market is
heavy, though in one or two eases a slight recovery
is observable upon the latest prices of Saturday. Rail-
'lays, for the most part, are steady in tone, but
inanimate. The Funds are stationary, but rather
good. The Swedish Railway Loan, which was brought
90t on Saturday, has been favourably received, and
it is quoted at 2 to .21 prem.
The demand for money remains without material
change, and supplies are, ou all hands, very full. The
'Jest bills are done at 1 to lir per cent., and advances
on the Stock Exchange on Government Stocks are
obtainable at 1 per cent.
The Erin and City of Washington steamers have
brought together -r13,"'.50 gold from New York ; and
by cable telegram we learn that the steamers which
left that port on Saturday will bring £350,000 in gob.'
for Europe. The Tanjore has brought £2,642 in
specie from Alexandria.
The English Funds are steady. Consols remain at
~944 to 941; for money, and Dlk to 94;" for account.
New and-Reduced Three per Cents. 941 to 9.. A;
India
5 per Cent., 1142 to 1151 ; Bank Stock, 212
to 245 ; Exchequer Bills, 15s to 20s prem.
Transactions in the Foreign Market are confined to
the more speculative descriptions. Peruvian have
been pressed for sale, and they are quoted at 792 tc
B°F, being k below the price on Saturday. New
Inanish are unaltered, at 354 to 36k ; Greek, 13k to
31; Egyptian (1864), 82 to 83 -
21Tingnitted States 5-20 Bonds are dull at 722 to 73,
decline.
In the Railway market the only feature is an im-
provement of / in Great Northern A Stock, the
present quotation beim-, 96 to 961. Lancashire and
Yorkshire, 1271 to 1184 ; Midland, 10412 to 105 ;
South Eastern, 732 to 744 ; London and North
Western 1131 to 114: Great Eastern, 36,i to 36i ;
Great Western, 48k to 48i ; Brighton, 51 to 511 ;
„Sheffield, 401 to 41k ; Metropolitan, 114 to 114 i ;
Western,
70k to 71 ; Chatham, 19 to 19!..! ; South
Western, 91 to 93.
le'tv Russian ,Railway, 12 to 2k prom ; Orel
Vitebsk 831 to 844 ; Nicolai, 65k to 651.
Finance shares are without change. General Credit
is quoted at 2± to 2 dis.; Credit Foncier, 278- to 3 ; In-
ternational Finance, 1 ftto la ; and London Finance,
22 to 20 dis,
In Foreign Mining Shares the dealings are merely
I„"iinal.St. John del Rev is inquired for at 181 to
; Port Philip, 11 to 12 ; Chontales, Rossa Grande,
'f6 to 9-16. F
A Miscellaneous. Securities are without change.
4..A.nutigalno-Aemerican Telegraph remains at 211 to 21i ;
Telegraph Eight per Cent., 4$ to 44 ;
atlantic and Great Western Mortgage Bonds, 35
; Hudson's Bay, 15 to 151.
foir'°nial Government Securities are steady. The
win" are the quotations :—Canada 6 per Cent.,
102
Lc, 104 ; ditto 5 per Cent., 00 to 92 ;
...Lane •
w. 'tins 6 per Cent., 102 to 104 ; New South
ales 5 per Cent., 99 to 101 ; New Zealand 6
er
Cent., 110 to 112 ; Queensland 6 per Cent.,
u 6 to 107 ; Victoria 6 per Cent., 112 to 114.
at%nk Shares are very quiet. Imperial is lower,
charPi to 181. Other descriptions are without
Agra is quoted at 11 to 12 ; Alliance, 10i
.0 dis.; Anglo-Austrian, 41 to 5/ prem. et div.;
Chartered Mercantile, 28 to 29 ex div. ; Consoli-
eat,ed, 4i to 41 ; Imperial Ottoman, to 1± prem.
3( "iv• ; London and County, 49% to 50i ; London
and Westminster, 69 to 70 ; do. New, 461 to 47k
e,x interest. ; Oriental, 4V,- to 431 ; London Joint
to„,clr) 32 to 33 ; Union of London, 33 to 34.
i
, av "-he directors of the Manchester and County Bank
oin declared a dividend for the half-year at the rate
'1 per cent. per annum.
The arrivals of colonial wool in London, in antici-
pation_, of the next sales, amount to 149,423 bales,
chiefly from Sydney, Port Philip, and New Zealand.
•vrices are well maintained, and for sorts a slight ad-
vance is willingly paid.
The sum of £250 000 in sovereigns was withdrawn
from the bank on Saturday, on account of the Ar-
gentiue Loan.
It appears from the allotment letters that the first
Call or deposit of £4 per share is to be paid by the
-Loth of August, on the .£l6 Five per Cent. prefer-
Fnee shares of the Midland Railway Company, the
issue of which to the extent of £2,000,000 was autho-
rised at the special meeting of the shareholders on the
Ist inst.
The Massillia, which left Southampton on Saturday
for the East, took out £148,955.
The Railway News has the following with respect tc.
the forthcoming railway dividends :
We think the following dividends may be declared
Per cent. Per cent.
London and Berth:Western ... 4:I or 5 against 51
Midland . • 41 t) 53/4
Lanca3bire an/ Yrnimmre ... 7
I, 63/4
Great Northern ... ... 41 „ 4
Sheffield... nil.
PI 1
Berwick ••• ... 41 5
York ••• ... 4 PP 41
4
Leeds •.• ... 2. „ 2%
Metropolitan •-• 61 or 7 „ 7
A call of £lB per share, payable on August 10, has
been made by the liquidators of the General Estates
Company.
The dividend proposed to be declared by the New
Consolidated Discount Company is at the rate of 3
per cent. per annum.
Messrs. R. Raphael and Sons have issued the
Prospectus of the Swedish Government Five per Cent.
Loan :
" The loan is for the sum of £1,500,000 stock,
and the price of issue is £9O, or £BO 103 if paid in
discount being allowed at the rate of 5 per cent.
The instalments are due as follows :—X2O on allot-
be r,
allot-
ment, £25 on the 16th September, £25 on the 16th
and £2O on the 17th March, 1869.
isinterest payable half•yearly, commencing from
/lst inst., and a sinking fund of 11 per cent, of the
,inal amount of the loan, together with accummulated
erest, will be applied to the purchase and redemption of
the bnds. It is announced that the loan is required for
railway purposes, and accompanying the prospectus is a
Swed:y of the last report of the Committee of Finances in
on
railroads
,which shows that the amount expended by the State
ro ads exceeds the total State debt, while the in-
come derived
of the Ptorgefbrootnthtbfeomr
iantteprreesstenatnias
soinalkyintlOf £l,
of shortthe
entire state debt."
The Alexandra Palace Company have determined
to offer to the public the remaining 5,000 £2O 6 per
cent. preference shares, to be 'paid in the following
manner :—£2 on application,
£3 on allotment, and
Jan.,
£5 on the Ist of Oct.,
and flay. One great
• advantage that will attach to the holders
of preference stock is the right, for every
£lOO of stock, to nominate to one free
admission
for the Palace on all ordinary occasions ; but irre-
spective of this the investment of capital in the under-
taking seems to be a very profitable thing. The
estate and Palace is everything that could be desired,
facilities are daily being increased in order to bring it
still closer to the metropolis, although it is now within
Walking distance, and such energetic and substantial
naen have the direction of the affairs of the com-
pany that the result of the 'speculation seem a thing
assured. The races lately held in the park, although
great allowance ought to be made for a first
performance, gave a return much beyond the
BUM expected, but when the magnificent
building, filled with the treasures of art, is thrown
°Pen to the general public, a solid source of
revenue will become open to the shareholders
that will amply repay them for all their trouble
and outlay. It is the desire of the directors to
make the Alexandra Palace and Park auxiliary to the
great institutions of the British Museum, Kew Gar-
dens,„ and South Kensington, in creating a taste for
_e study of the productions of nature, and of works
o'o
f art and industry of all countries. They also pro-
Pose holding floral and musical festivals, and as these
_s
attractions have always been remunerative in other
thrention_,
there is no reason why they should not be
db°„lll),l,y 50 in the delightful sylvan spot now occupied
the Alexandra Palace.

nkuris 11 FUNDS—TWO O'CLOCK.
UoVERNMENT PUNDS.
3 per Cent. Consols -
941
,s Ditto for Account Aug- 6
941 .i.-
Z,Per Cent. Iteduced ',`,.e'v 3 per Cent
Ilelv 21 Per Cont. Jan. 1891
A 5 per Cont. .) an. 1873
for,`,lllDiti 30 yrs, expire sth Jan,, 1880 —
EDo yrs, expire sth April
p.? atod Sea Tele6raph), Aug 1908 2Ol
"lcclller 13111 s, £l,OOO, 2 per Lt 2O
1)0,
20
Da, £5OO
90
13
in, of England Sto ok. 41 p3r Cent 2.15
De. Account .
INDIAN GOVERNMENT SECURITIES.
'llia 7tock, 101 per Cent., AprillB74. ... 212 xd
D 0 5 Openin for Account —
g,
111 i
I) • per Ueet. July, 1880
Do'°o: leeprejifijetts" Oct.
1888
10 13
41
DO, E f,
--•
I) , ii-aqed Paper 4 por Cent
--
Dc!' ‘...' Per Cent., Jan. 1872
.6"0 .r).l- Per Cent., Allay 1679 —
Do
'' Per Cent., Runt . Deb. 1872 .....
Do
do. 1877 —
D,;,
188 f) . .
n do.
',0., 5 per Cent., Aug. 1873 .