The Sun.
London, England, 1868-08-04 00:00:00

31 0- TiEi

AND
COMMERCIAL INTELLIGENCB,

CITY, Two o'CLocic.
1110 lerench Loan of £17,600,000 has been intro-
laced, and subscriptions for it will be received in Lon-
"°n by Me3srs. Bischoffsheim and Goldsmidt from
Thursday next, the 6th inst., to Thursday, the 14th
in,Bf. The General Credit and Finance Company have
:ntswoillbeen authorised to receive • subscriptions. It
'a in a 3 per cent. stock, but as the issue price is 691
Ply, independently of the allowances, nearly 45
jpwerh toent,
beich will
briIPY the price down to about 68. The dividend,
paid quarterly, accrues from the Ist
I,llv. Pontes in Paris closed last night at 70f. 55c.
Under these circumstances it may be expected that there
twuilrlohpee,great competition for allotments throughout
and it is to be hoped that the successful
negotiation of the loan may be the means of removing
dr, at
eleast: of mitigating the torpor by which capital
as been oppressed for the last year and a half. Thepcsit on
application is to be 10 per cent. These de-
posits may for a time exercise a partially disturbing
Influence upon the Money Market from the magni-
tudeiithey
are likely to assume ; but the sum
Y required is but £1,760,000. The dis-
turbance can only be temporary. Thereafter the
instalments will be £BBO,OOO per month for 18
!Ilonths. It is expected that the deosits
to he Made in the first instance will exceed the whole
amount of the loan. Of course, there will be a lock-
up. of the sum, whatever it may be, until after the
".!itljudication ; but seeing that capital is so abundant in
11, ranee, England, and Germany, the temporary with-
eunrawal of the amount from deposits not otherwise
marrrhkeet
g3.ged will be no' disadvantage to the money
prevailing
.s animated and
more anima tone in the stock markets is rather
cheerful. The Consol settlement
is
Smoothly, and prices are a shade firmer.
stocrkessand t°h°ccil
cent,i better. There There
Nine per Cents. are as much as 15 per
is also a recovery in Spanish,
the higher prices from Paris.
r"ngilsh railways are again lower, with the excep-
e of Great Eastern which are 1 per cent. better.
Cablern shares are flat upon the accident.
The discount market retains the improved appear-
atnee which was started last week by the Stock Ex-
ttuFaatnifigreinsgettlement, and which has since been supported
Y the preparations for the monthly arrangement
to-day. The rate is consequentiy 15 per
cent
The Consol account being in progress, advances
rectquoted Ds to 2 per cent.
:411801s are a shade firmer, but without change in
prices, at 941 to 945 for money and account. New
and
Reduced 3 per Cents. 94± to 945 ; India Five
per Cents., nq to 115 f ; Bank Stock, 247 to 249 ;
'zehequer Bills, 14s to 18s prem.
tColonial Government Securities are quiet and prices
ree without particular poveinent. The following are
,„":',e quotations :—Canada Six per Cent., 103 to 105 ;
Cent, Five per Cent., 91 to 93 ; Mauritius Six per
99 to 103 to 105 ;Nw South Wales Five per Cent.,
°l.°l Aee ; New Zealand Six per Cent., 110 to 112 ;
nsland Six per Cent., 105 to 106 ; Victoria Six
.113.3ert., 113 to 115.
rnihaen leadingor
'ler Cent.,
feature in Foreign Stocks is an active
9, and?iltisn d f
The Egyptian, particularly the Viceroy's
4
s Nino per Cents. are 15 better, 911 to
_2 the Seven per Cents. k, 725 to 73. There
is also an advance of in Peruvian, at 80 to 805, and
15 in Spanish, at 34 to 34± ; Mexican are 15k to
5211 to 525 ;
Brazilian, 39i to 395 ; Egyptian (19864), 84 to 85 ;
761 to 77± ; and Honduras, 83 to 835.
s.3tnerican Securities are stronger. United States
Share
e Bonds are inquired for at 715 to 715 ; Erie
at a9r3is
taor9e
A'l .better, at 425 to 435 ; and Illinois f,
re4tlantic and Great Western Railway Debentures
gaMaLti at 40 to 405 ; and the Consolidated Mort-
-bonds at 402 to 41k.
kr,Laglish Railway Shares continue very flat, and a
ler reduction has been established in most
i.escriptions, except Great Eastern, which shows an
d
41.7irevernent of 1 per cent., being dealt in at 405 to
Northern
London and South Western and Great
are both -5 lower being quoted at 915 to
hasand 107 to 108 respeclively, and a fall of a
taken place in Manchester, Sheffield, and Lin-
-1; shire, at 43 to 435 ; Metropolitan, at 117 to
Caledonian, at 77 to 775 ; and London, Chat-
a°lirn and Dover, at 20 to 205 ; and Of 5 in Midland,
.-.P61 to 107± ; South Eastern, at 76k to 77± ;
Lo on and North Western, at 1165 to 117 ;and
d „
Brighton, and South Coast, at 535 to 54 ;
1-_b Great Western is better, at 501 to 51± ;
5
ncashire and Yorkshire steady, at 1301 to 1311- ;
"ci Great Northern (A), 104* to 1041.
„In Foreign Railways Great Luxembourg is quoted at
4,1 f to 13 ; and Lombardo-Venetian 16 Co 16f.
Ail Bank Shares, Agra (A) are quoted 11i to 111 ;
aanee, lois to 9k dis.; Anglo-American, 7 to 7-ir
Preln ; Chartered Mercantile, 285 to 295 ; Consoh-
" dßted, 45 to 45 ; 17 to 18 ; Imperial Otto-
-- to 15 prem. ; London and County, 52 to 53 ;
to „on and Westminster, 68 to 69 ; ditto, New, 485
to 33
; Oriental, 44 to 45 ; London Joint-Stock, 325
and Union of London, 35 to 36.
rna--11 Foreign Mining Shares St. John 'del Rey re-
el Ina steady at 20; to 215 ; Port Philip 15 to 11 ;
I,,,entales 21 to 4. ; Rossa Grande, to 5 prem.
Per -I'llscell:ineous Securities :—Atlantic Telegraph 8
Cent. is dull at 3 11-16 to 313-16; Anglo-Amer--
Q.ll Telegraph steady, at 205 to 215 ; Atlantic and
,eat Western Mortgage Bonds, 405 to 414 ; }lnd-
-81°424.8 Bay, 155 to 151 ; London General Omnibus,
; National Discount, 11/ to 12±.
la The London and South Western Railway dividend
arnat the rate of 4 per cent. per annum, and the
4
b... 0 °llnt to be carried forward, £ll,lOB. This d'stri-
L 1
Year. Compares with 31 per cent. per annum last
Tbere •
Jeater were no bullion transactions at the Bank
'
the t to
etruttance of £37,000 in gold has been sent razue
The Birmingham Town and District Banking
LintY announce a dividend of 5s per share.
at the Banking Company have declared a dividend
of 10 per cent. per annum, and the
shareerdshire Joint Stock Bank a dividend of 15s per
The ,
ale of Man Bonding Company have declared
Th "end at the rate of 7 per cent. per annum.
lean, e leading creditors of the late Agra and Master-
ip jts,l3ank (Limited), which passed into liquidation
s 1 e, 1866,
Atr, the have availed themselves "of the occa-
Payment, on the 15th of July last, of the
" Instalment of all the debts of this concern, with
"el'est t
b° rd per cent. per annum, to convey to the
theef directors of the resuscitated establishment,
timae,„Agra Bank (Limited), and especially to Mr.
tio riliornson the chairman, their high apprecia-
inelli:af,the skill 'and promptness with which en.lga. goe-s
sterr the amount of not less than seven millions
elia ing have been honourably and punctually is-
Ned"
The
lueety°lnmittee of Venezuelan bondholders announce
11. A.'ng for Thursday, to consider the following :
°rigin,,lll,aigamation of the committee of the 1862 and ,
''end-h-clauendholders with the committee of the 1864
'II age era. 2. To empower the committee to send
3. ,to to Venezuela on terms to be arranged.t
Pay halfrequest Messrs. Baring Brothers and Co.
h.the expense of such mission, and the expens_eE
botkp, ° incurred by the committee, out of the
Otheratolders,
funds in their hands, and to adopt suck
pariesolutions as may seem necessary."
say theadvices, speaking of the French markets,
new t4,tt,he further the harvest advances, and it. is
e.rly
~,,kupleted, the greater are the supplies
Vheatg 'erward, and that consequently the prices of
froel 15 still falling. Millers were holding back
At *-tmlehases in anticipation of still lower prices.
All tLitrabilles business on Saturday was very calm.
ori saute' markets in Northern France report a fall
Wheat. tlrdaY of at least 1 franc per hectolitre on wog

(iOI3bRITISII FUNDS—CLOSING PRICES.
a , Eitiozz,„ FUNDS.
94i if I I
tr (=hint. Consols
914 4 i
B 'tt° for Account,
per r, Aug.ug
9.44- i 4
Isfa.,,, a' allt• Reduced
944 4 4 4
New , per Oeut
gol per Cent. Jan. 1894
_
Allib;44, Per Cent. 'Jan. 1873
hlioTior,3oo yrs, expire sth Jan.,
818858.0
_—
yrs, expire sth April 1
xd
tx.j,l.(ltßd Sea Teletraph), Aug., 1908
14 Pm
Lio'.°l4or Bills_, £l,OOO, 2 per Ct
--. 7 7
b Do 4500
18 ~
...3,,,,2
£lOO & £2OO
219 ~
''t of glad Stock, 44 por Cent
BlNScc°4ot
1"14711t1, t vE"rutr, , SAEperlilllBT44" —
i) 0 ooe . 4 per .
NI 6Pelling, for Account —
110111
bo. A Per U® for
Oct
1880
104 i 4
I,Per Cent., Oct. 1888
0;'_• (r,fertificates
~.infaced 0
Papt,i 4 pCent —
er C
00.5 per Cent., Jan. 1872
oc ,I Per Cent., M .
ay 1879
Per Cent., Rup. Dub. 1872 —
Do,
do. 1877 —
D Do
1044
..,,, 1--) ; do. 1882
00: ,-, 60., 5 per Cent., Aug. 1873
23 Pm
D 'Jonas 4 per Cent., £l,OOO
Pm
o under 41.000 ...........................
~ S.
r°ItEIGN FUNDS—CLOSING PRIG/
pm
P
(Afttrrlitl•46 Repulic, 6 per Cent
63
truih.4° ),4011chz 5 pox. Cent. 1859
3 '4411 0 Per 'Cent
74
bo' `z Per Cent., 1852
___ 1..)0‘, 4°••1 18,7.8 —
D°;bo do,
18130 _
6 (10., 1863 —
I)tor Cent., 1865 _
t ° A•ecount ..
771
• 4
ti.)8A.,...r 8
6.ev. de..n.i• *se 000 •••••• .oo
2 perj
04 t . (D of orr o a 3 per Cent.)