The Sun.
London, England, 1868-07-09 00:00:00

111 0 11 .ta ARNET

AND

COMMERCIAL

CITY, Two o'CLocK.

A. dull tone pervades all the stock markets, and
quotations are lower, with a downward tendency. The
decline of more than per cent. in Rentes during the
last two or three days las had its effect upon conti-
nental prices generally, and a check being given to
the foreign demand here operators have shown
anxiety to realise, and thus the heaviness is increased.
iLhe funds and railway shares are also quiet, but there
ne particular movement. The decline in American
Securities upon the announcement that the Demo-
crats have decided to advocate taxation of the public
debt and payment in currency where not specially
'greed to be paid in gold, has not been recovered.
,The supply is already increasing upon the payment
°L the dividends, and discount in the open market is
easier at 1 per cent. In the Stock Exchange advances
are made at 1 to 1 s per cent.
The English Funds are quiet. Consols remain at
°4l to 94f-, for money, and 944- to 95 for the 6th
August. New and Reduced Three per Cents., 94,1 to
?4:1 ; Bank Stock, 242 to 244 ; Exchequer Bills, 15F
to 20s prem.; India Five per Cents., 1141 to 115/.
tForeign Stocks are very flat. There is a decline of
in E4yptian (1864), at 82 to 84 ; of / in New
,Panish, at 364 to 36i ; in Italian (1861), at 52/ to
„".3 ; and in Peruvian, at 80± to 801 ; and of k in
nexican, at 15.- to 16 ; at 65i to 651 ; and.
Turkish, 41/ to 42 ; Greek, 13k to 13k ; New Ries-
51an 21 to 3 prem. ; and Orel-Vitebsk, 84k to 841.
1;1 American Securities United States 5-20 Bonds
are k better, at 727 to 737 ; Erie Shares, 45 to 46,
be"'"
lower ; but Illinois is higher, at 1014 to
1021::
gKreign Railways are quiet at previous prices.
reat Luxembourg, 12 to 121 ; Lombardo-Venetian
la
inquired for at 16k to 16/.
, English Railway Shares are without particular
'nange, and the dealings are rather restricted. Man-
chester, Sheffield, and Lincolonshire is * higher, at
41 to 42 ; and an advance of it has taken place in
,4„idland, at 104/ to 105/ ; London and North
vvestern, 1131 to 114 k ; and Metropolitan,
at 114 to 113/. On the other hand, Great
western has fallen , at 5] to 52 ; and London,
Brighton, and South Coast, 51-k to 52 ; and Caledo-
nian, at 701 to 71±, also show a decline of it ; Lan-
eashire and Yorkshire is steady, at 1271 to 128±
Snqh-Ea 4 stern, 74± to 74/ ; Great Northern 10 to
in
; do. (A), 954- to 951 ; Great Eastern, 36/ to
; and London, Chatham, and Dover, 19/ to 191.
Colonial Government Securities are steady. Canada
0 per Cents. is quoted at 102 to 104 ; ditto 5
Per Cents., 90 to 92 ; Mauritius 6 per Cents.,
102 to 104; New South Wales 5 per Cent., 99 to
101 ; New Zealand 6 per Cent., 110 to 112 ;
Queensland 6 per Cent., 106 to 107 ; Victoria 6
tier Cent, 112 to 114.
the
Bank Shares there is little business doing, and
ie Only feature is a recovery of -k per cent. in Union
of. London, which is quoted at 33 to 34. London
'Joint Stock, 32 to 33 ; London and Westminster,
69 to 70 ; do. New, 46i to 47i ex interest ; London
and County, 494 to 50k ; Imperial Ottoman, 1k to
tiq prem. ex div. ; Imperial, 18 to 19 ; Consoli-
ted, 4R- to 44. ; Chartered Mercantile, 28 to 29 ex
"ty. ; Anglo-Austrian, 41 prem. ex div. ;
Ailit.tnce, 11 to 10 dis. ; Agra (A), 11 to 12.
Ptnance Shares are dull. Credit Foncier, 3to3k ;
General,.. Credit, 24 to 2k die. ; International Finance,
s 1-16 to 1 5-16 dis.
a Foreign Mining Shares, St. John del Rey shows
further improvement of /, at 19k to 20 ; Resets
'lade, 7-16 to 9-16 prem. ; Port Philip, 1 to 11 ;
and Chontales, 2 to 21.
Miscellaneous Securities are without feature.
.410-American
Telegraph remains at 21k to 21i ;
"alantic Telegraph Eight per Cent., 4k to 4/ ;
Atlantic and Great 'Western Mortgage Bonds, 35i to
306tain;ibliusu,dsloin's Bay, 15k to 15g ; London General
to 121. to 2k ; and National Discount, 111
The half-yearly meeting of the Consolidated Bank
liar been called for the 17th inst., when a dividend
Will be declared.
Including the gold movements at the Bank yesterday
.115,000 have been sent in since the last return, and
4'41,000 withdrawn.
.„ The Royal Mail steamship La Plata leaves to-day
10e the Brazils, taking £46,675, chiefly in gold.
The Union Bank announces a dividend at the rate
°fl,, Is the
cent. per annum, carrying forward £20,000.
six
s the same distribution as was made the previous
'"'c months, but it compares with 25 per cent. per
anntun for the corresponding period of last year.
Messrs. David Chadwick, Peter Robb, and George
lacnair, the committee for managing the estate of
e Bank of London in liquidation, have issued a cir-
C9lar to the shareholders detailing the progress made
.2nce the 31st of January last, when the last report
t
w..as made. Two of the three instalments accepted by
1:1.5 creditors have been duly met, and the third is due
~e'ct January. Without being quite sure, the coin-
mates see no reason to doubt that they will be able to
Provide for this engagement without making any call
Pol' the shareholders :—" By the arrangements now
progress for the settlement of the bank's claim
viegainst I\4. James M`flenrv, and the Atlantic and
sur_e,at Western Railway Company, we hope, should
'4l he successfully carried out, that a considerable
Portion of the bank's losses on this account will be
rec,overed, and a substantial return be made to the
eh
4rehelders on account of the share capital of the
bank."
he proposed dividend of the National Discount
tumPany at the rate of 15 per cent. per annum, is
itb!' "nae distribution as was made at Christmas, but
lastc°tnpares with 17 per cent. per annum for June
year.
Til e
int, • Peel River Land Company recommend an
rim dividend at the rate of 7 per cent. per
annum./3.‘1:11, 0 directors. of the Birmingham Joint Stock
haTt...x (Limited) have declared a dividend for the
Ye:tr ending June 30, at the rate of 20 per cent.
Per
tax, annum, payable on the Ist August, free of income-
being the same as this time last year.
At
the adjourned meeting of the Metropolitan Rail-
i.:Vy yesterday, the further distribution of 1 per cent.
_uruthe half-year ending with December last was au-
.nced. It will be paid to those holders on the
register on the 31st December, and from the variously
conditioned business which has since been done in
this security, much confusion is expected to result to
the brokers.
The bill to supplement the Investment of Trust
Funds Act, now before the House of Commons,
provides that where they are not expressly forbidden
trustees
11Ll may invest trust funds in debentures or
' res of the East India Railway Companies, viz.,
Ve East India Railway Company, the East ndian
tkeninsula Company, the Madras Railway Company,
,1e Bombay and Baroda Railway, the Central India
the -w.,,aY Company, the Scinde Railway Company,
Southern
-eastern Bengal Company, and the Great
of India Railway Company.
r, The traffic receipts of the Bombay, Baroda, and
13,-,Lentral India Railway for the week ending May 16,
culort)ws an increase of £1,565, as compared with the
prresPending period of 1867 ; the Bahia and San
iacre,is© Railway, for the week ending May 30, an
wee of of £250 ; and the Madras Railway, for the
Sondending May 16, an increase of £2,851.
e traffic receipts of the Madras Railway on the
16th -weat line of 492 miles for eight weeks ending
3uile May last, amounted to £64,955 or £132 per
por,,i-against £54,757 or £lll per mile for the corres-
-153"11g period of last year. On the North-west line,
beentni,l'e3 Open, the receipts for the same period have
£7- '23,545, or ..£154 per mile, against £11,574 or
veeji.Po,r mile. The receipts on both lines for eight
have been £88,500, against £66,331, showing
Xvithrease of £22,169, or 33 per cent., compared
caw%
the Itat year, the mileage of both lines remaining

BRITISH FUNDS—CLOSING PRICES.
3 P,rUC°ol'lntit. NCI4oEnNsToI.SFUNDS.
Z, Ditto for Account, Aug. 6
~Pe Cent. Reduced 914 1
Z:7 3 per Cent
''' 2i Pz,"- Cent. Jan. 1891 bo _ & • an. ~
A i .0. Per Cent... Jan. 1873
tilutflee, SO yrs, expire sth Jan., 1880 —
°11,.•,,0r 30 yrs, expire sth Ail 1885 —
tx,,,i Duo Red Sea Televaph), Aug., 1908 —
Do,
ecluer Bills, £l,OOO, 2 per Ct — pm
D 0. £5OO
_
13
"-i £lOO & £2OO _
ir.s°lE of England Stock. 41 per Cent 214 21 77
e. Account
n INIMAN iIOVERNMENT SECURITIES.
ta l'ock, 10i per Cent., AprillB74
be. Opening, for Account —
')o Per Cent. July, 1880
i) • ' Per Cent., Oct. 1888
,o. Oertißeates -
Doer Cent., Rup. Deb. 1872 —
Do ,
do. 1877
105
D, n L , ' do. 1889
U 0 • B''', 3 per Cent., Aug. . 1873
n°.
—0 B , g
°, 4 per Cent., £l,OOO
linder, Zl,000
„ FOREIGN FUNDS—CLOSING PRICES.
't j3?lrls,ine Repulic, 6 per Cent..
r'' Lm Bonds 5 per Cent. 1859
?-iliall
paper' Cent — xd
_
'3. 43 per C t 1852
P,°• do. " ” 18'58 _
Tk)—°• do., 18 ;0
°• do.'
Do, 5 , 1863 —
1, per Cent., 1865
33
,eet Account
761 73 it
~,alo3.l.yres 6 per Cent —
L ~" 2 per Cent. (Deferred 3 per Cent ) 171
c `,°,l-, 6Per Cont.
4:usall 6 per Cent "' 41 Pet Cout.„ —