The Sun.
London, England, 1868-07-20 00:00:00

M.0.14E1t MAitTLET

AND
.0051LIERCIAL INTELLIGENCE,

CITY, Two o'CLocK.

The btock Alarkets are very quiet, and with some
exceptions they are still inclined to heaviness, in
consequence of the introduction of the new loans, and
of a limited attendance. The Funds, however, have
not materially varied in price, but Foreign Stocks are
nearly all dulL The new Egyptian Loan is again
lower. Turkish aro also lower upon realisations.
Indian Government Securities and Railways also are
better. In British Railways there is no important
change. Canadian Government Securities have de-
clined.

Discount is quiet, at 1 per cent.
Tlio Funds are dull, and a shade weaker at quota-
tions. Consols (money), 94 to 04p; ditto (account),
Wit to 94;Z; New and Reduced, 941 to 9412- ; and
Exchequer Bills, 16s. to 20s. prem. ; India Five per
Cent. Stock is better, at 115 to 115!3-.
The movements in Foreign Stocks are unfavourable.
Turkish, at 392 to 40, are 4s- lower ; and Italian have
fallen 1, to 521-. Mexican, 15 to 151 ; Greek, 13i
to 14 ; New Spanish, 351 to 351 i ; Egyptian Scrip,'
dis. to 4 prem. ; ditto 1864, 83 to 84 ; Viceroys
Seven per Cents., 714 to. 72 ; and the Nine per
Cents., 88 to 89.
English railways are quiet, but not lower.
Lancashire and Yorkshire, 1281 to 1282 ; Midland,
103 k to 103;1. • South Eastern, 744 to 74ft_. London
and North Vestern, 114 k to 1142 ; Great Northern,
103 to 104 ; ditto, 962 to 97f ; Great Eastern, 372
to 38 ; Great Western, 48k to 481; Brighton, 53 to
54 ; ISheffield, 40- to 41 ; Metropolitan, 112± to
11 ; Caledonian, 72i to 73 ; and Chatham, 191
to 191.
Atlantic and Great Western Railway Debentures
are 371 s to 38k, and the Consolidated Mortgage Bonds
37 to Erie Railways are f lower, at 43 to 44,
and Illinois are rather better, at 95 to 96 ; United
States 5-20 Bonds are steady, at 721 to 72k.
The Honduras Loan is 81k.
Continental Railways are steady. Great Luxem-
bourg are 12j, and Lombardo-Venetian, 15'4 to 16.
Indian guaranteed railways are rmer. Great
Indian Peninsular are better, at 108,1 fr ; and East
'radian 1, at 109 to 110.
Bank shares are quiet. London Joint-Stock and
Union of London are firmer, at 3M- to 34i and 35/t to
35k respectively. On the other hand London and
County have declined to 52 ; Imperial, to 17i ; and
Imperial Ottoman, to 1k prem.
Canadian Government Securities are fiat, both the
6 per Cents. and the 5 per Cents. being lower.
West Wisconsin Railway Bonds are 2 to 14 prem.
The meeting of the Hop and Malt Exchange and
Warehouse Company (Limited) is convened for the
28th July.
There were no gold operations at the Bank on
Saturday.
The Australian gold which left Melbourne for this
country during last month was £381,000.
As we briefly mentioned on Saturday, Messrs.
Baring Bros. and Co. and Messrs. Glyn, Mills, and Co.
have issued a prospectus stating that they are autho-
rized by the Minister of Finance of the Dominion of
Canada to receive on Thursday next sealed tenders for
£1,500,000 Canada Four per Cent. Bonds, guaranteed
by the Imperial Government, which bonds are to be
repaid on the Ist October, 1903, and for £500,000
Canada Five per Cent. Bonds, to be also repaid on
the Ist October, 1903. All these bonds will bear
interest from the Ist of July, . 1868. A dividend
for threo.months will be paid on the Ist October,
and thenceforth the dividends will be payable
half-yearly- on the Ist April and Ist October. The
tenders may be for the whole or-part of £2,000,000,
In the proportion of three-quarters of guaranteed
bonds and one quarter of ordinary five per cent.
Canada bonds ; and it is expressly stated that no
tender will be admitted which does not comply with
this condition, namely, stating one price for the two
stocks united. A sealed paper, containing the mini-
MUIR price at which he will sell the £2,000,000
.bonds, will be delivered by the Minister of Finance ;
but it will only be opened in case he declares that the
Whole amount has not been tendered at or above his
1114141 mm. Allotments will be made to the highest
bidder or bidders pro rota according to the price
offered. Neither Barings nor Glyns will make any
tender. On allotment a payment of twenty per cent.
is to be made, and the subsequent instalments in three
payments, the last of which will be due on the 13th
April, 1869. Payment in full at a discount at the
Bank's minimum rate.

The Provincial Banking Corporation's report recom-
'fends a dividend at the rate of 7i per cent. per
annum, payable the 19th August.
The half-yearly-meeting of the Anglo-lonian Steam
Navigation Company is called for the 30th inst.
The fifth annual report of the Land Mortgage Bank
of India has been issued. The directors regret that
" they are unable to increase the reserve fund as anti-
cipated at the last meeting," and " that the possible
amount of losses on the bank transactions may reach a
higher total than they had been led to anticipate." No
mention is made of a dividend.

The subscription list for the bonds of the West
Wisconsin Railway Company will close on Saturday,
the 25th instant, for London ; on Monday, the 27th,
for the country and on Friday, the 31st, for the
Continent.
The report n't the English, Scottish, and Australian
Chartered hum recommends a dividend at the rate
2t. 7 per cent. per annum, carrying forward £1,725
s 3d. " The proprietors will observe that the profits
of the half-year exhibit a falling off when compared
With a report issued in January ; the losses incurred
Ivithin that period, however, have not been large.
-che directors trust that the long protracted dulness
Iu the commerce of the colonies will shortly be fol-
lowed by an improvement in the state of affairs gene-
rally, when a more favourable result attending the
operations of the bank may with confidence be looked
forward to."

At the Swansea ticketing on Tuesday, 3,802 tons of
ere were sold, realising £33,042 168 6d. The parti-
culars of the sale were : Average standard for 9 per
cent.. produce, .£O4l 4s 6d, average produce, 17 ;
average price per ton, -£ll 15s 10d ; quantity of fine
Copper, 476 tons 7 cwts. Compared with the last sale
the decline has been in the standard £2 Bs, and in the
.price per ton of ore about 8s 2d. Compared with the
corresponding sale of last month the decline has been
in the standard £4 163 6d, and in the price per ton
of ore about 16s 4d.
It is stated that a proposal is under the considera-
tion of the French authorities to open the city of
Lille to the British Channel by means of a maritime
canal. The distance is about 63 miles. If the canal
be made for commercial purposes only, the cost is
estimated at £2,400,000 ; if for naval purposes in
addition, the estimate is £400,000.

BRITISH FUNDS-CLOSING PRICES.

GOVERNMENT FUNDS.
3 Per Cent. Consols
Ditto for Account, Aug. 6
a per Cent. Reduced 991 1
~.New 3 per Cent
New 21 per Cent. Jan. 1894
Do. o per Cent. a an. 1873
Aanuities, 30 yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 —
Do (Red Sea Teleh,raph), Aug., 1908 —
EV:holuer Bills, £l,OOO, 2 per at 2O 16 pm
Do. £500
p Do. £lOO & £2OO l6 77
"Ailk of Englind Stock, 41 per Cent 245 6
Do. Account
INDIAN GOVERNMENT SECURITIES.
India Mock, 101 per Cent., April 1874 ...
Do. Opening, for Account —
Do. 5 per Cent. July, 1880
Do. 4 per Cent., Oct. 1888
Do. Certificates —
Do. Enfaced Pape, ' per Cent —
Do. 5 per Cent., Jan. 1872
Do. 51 per Cont., May 1879 —
Do. 5 per Cent., Rup. Deb. 187->
Do. 'do. 1877 —
Do. do. 1882 —
Dc. Deb., 5 per Cent., Aug. 1873
Do. Bonds, 4 per Cent., £l,OOO
Do. under £l,OOO
FOREIGN FUNDS—CLOSING PRICES.
Argentine Repulic, 6 per Cent...
Auetrian Bonds, 5 per Cent. 1859
Brazilian 5 per Cent — zd
°D. 41 per Cent., 1852 —
Do. do. 1858....
Do. do., 1860
00. do., 1863 66
Do. 5 per Cent., 1865
, Do Account 771
J 5 nenosAyres 6 per Cent
, De 2 per Cent. (Deferred 3 per Cent )
`7l,tha, 6per Cent.
Uatlian 6 per Cent —
Do. 41 per Cent
Do. 6 per Cent., B —
Do., 1867
Do., 7 per ,Cent., 1866 —
„ 00., Scrip £32 paid
.r.,` . rubian, 6 per Cent.
" +nisi) 3 ) r Cent., 1825 13 i.)
,tibitan Principalities, I per Cent —
Do 8 per Cent., 1667 7B
tlua,clor New Consolidated, 1 per Cen•
Egyptian, 7 per Cent .
Do. Second Issue •
D.,. 1:5.i0 Bonds
Do. 410 C Bonds —
1)0. 18n4
Do. Account
Do. 1510 Bonds —
Do. £lOO Bonds .... 86 51
Government Railway Debentures . ... 92 1
Do Account .. 79 81 91
00 41 eer Cent. (Uribarren)
Do 4er Cent.. 1862 - -- --
~ 110 Account.
Cent..
.-or. -
ptoo.guese 3ix r Ct., 1853, '6, '7, '9,'60,'2,%, 39
do. 1867 —
Le. do. Scrip, .£2O paid
1/I'sian 5 per Cont., 182; £ Si BB
Do 9/ per Cent. 1850