The Sun.
London, England, 1868-07-21 00:00:00

MONEY MARKET

AND

1-1 0 MME RCIAL INTELLIGENCB,

CITY, Two o'CLocx

The Stock Markets are all much better, owing to
an increased business. After the recent considerable
Asa a reaction was certain, and, until it came, the
wonder was that it had not come before. The loose
holders now appear to have realised, and the strength
of the market is indicated by the improvement this
morning. In some quarters the opinion prevails that
the unusually warm weather will make the holiday
season more seriously felt than is usual. But we
rather think that the impatience of investors to obtain
good rates of interest will make the remaining
months of the year busier than is common.
The Money Market is in every respect very quiet.
The minimum rate for first-class bills is 14 to 14 per
cent., and in the Stock Exchange advances are
offered at 1 per cent.
Consols are firm at last night's unofficial close—
viz., 945 to 944 for money, and 944 to 941 for
account; New and Reduced are 944 to 94;1 ; India
Five per Cents., at 115 to 1155 • Exchequer Bills,
16s. to 20s. prem. ; and Bank Stock,l 244 to 247.
Foreign Bonds are much better. There is a rise of
sin Italian (535 to 53/), Greek (135 to 14), and
Mexican (15Fto 15D ; Spanish, at 334 to 351,
Turkish, at 405 to 401, are a fraction higher ; Egyp-
tian are steady, the Scrip, which yesterday touched 4
(Hs., is now 5 prem. ; the 1864 Bonds are 824 to 834;
Viceroy's Seven per Cents., 715 to 725 ; and the
Nine per Cents., 875 to 885; Honduras is 814 to 811;
and 5-20 Bonds aro 5 better, at 724 to 725.
In Colonial Government Securities, Canadian are
fractionally better. The 6 per Cents. aro 102 to
IN, and the 5 per Cents. 90 to 92. New South
ONales Bonds aro 99 to 101 ; New Zealand 6 per
Cents., 110 to 112 ; Queensland 6 per Cents., 1055 to
1065 ; and Victoria 6 per Cents., 112 to 114.
English railways are 5 to 5 per cent. better all
round. Lancashire and Yorkshire are 129 to 1295 ;
Midland, 1034 to 104 ; South Eastern, 74 to 745 ;
London and North Western, 1144 to 115 ; Great
Northern, 103 to 104 ; ditto ), 97 to 974 ; Great
Eastern, 38 to 385 ; Great Western, 48 to 484 ;
Metropolitan, 1124 to 113 ; Caledonian, 734 to 744 ;
Chatham, 195 to 191 ; Brighton, 54 to 55 ; and
Sheffield, 41 to 42.
-Great Indian Peninsular Railway New Four per
Cent. Debenture Stock is 965 to 962.
Atlantic and Great Western Railway Debentures
are 371 to 38k, and the Consolidated Mortgage Bonds
875 to 371. Illinois shares are 5 better, at 06. Erie
unchanged, at 425 to 434.
Continental Railways are steady. LOmbardo-Ve4e-
Man, at 154 to 165, are a shade firmer, but Great
uxembourg, at 124 to It, show no change.
The only change in Bank shares is a fall of lOs in
imperial. The quotations are :—Alliance, 10 to 9
dis.; Anglo-Austrian, 55 to 65 prem.; Chartered
Mercantile, 28 to 29 ; Consolidated, 44 to 45 ; Im-
perial Bank, 17 to 18 ; Imperial Ottoman, 1 to 15
rem.; London and County, 52 to 53 ; London and
Westminster, 70 to 71 ; Oriental, 43 to 44 ; the
Xondon Joint-Stock, 334 to 345 ; Union of London,
55 to 364.
In Foreign Mines Chontales aro less firm, at 15 to
2. Rossa Grande are g to 4 preni.; St. John del
Rey, 174 to 184 ; and Port Philip, 14 to 15.
Among Miscellaneous Shares Finance are rather
lower, the present . prices are as follows :—Anglo-
American Telegraph, 214 to 22 ; Atlantic Telegraph
IS per Cents., 44 to 44 ; Atlantic and Great Western
Mortgage Bonds, 37 to 38 ; Credit Foncier, 2g to 22 ;
Pore-street Warehouse, to 1 prem.; and General
Credit, 25 to 15 dis.
The last days for applications to be sent in for West
,Wisconsin Bonds are fixed as follows :—London :
Saturday, the 25th ; country : Monday, the 27th ;
Continent : Friday, the 31st.
There were again no bullion operations at the Bank
Of England yesterday.
The Deutschland has arrived with £51,000 in
specie.

- The West India silver has been sold at the prices
Previously current.
The Manchester Bonding Warehousing Company
Lave declared a dividend of 16s per share, £24 paid.
Paris letters state that the subscription to the
Egyptian Loan has been entirely covered, and that it
Is very popular in that market. The magnitude of
;the subscription to the Suez Canal Loan is attributed
'ito the fact of there being four quarterly drawings, at
each of which the first number gains a prize of
150,000 f., or £G,OOO.
A. commission is now at Nantes inquiring into the
',practicability of constructing a canal from that city to
the sea at the mouth of the Loire.
The Bank of Algeria has been authorised to open a
:branch at Bona, where there is a considerable com-
litercial population.
The following is the substance of the report of the
Coity Bank for the past half-year :—The accounts show,
'that after paying interest on current and deposit
accounts, and providing for bad and doubtful debts,
the
gross() profits, including £3,077 4s. ld. brought
'forward from the preceding half-year amount to
.£41,734 4s. 10d. Provision having been made for
'the current expenses and rebate of interest on bills
discounted but not yet due, the directors declare a
klividend at the rate of £7 per cent. per annum, free
.or income tax, and carry forward £3,250 2s. 10d. to
'the new profit and loss account. The dividend is
Payable the 28th inst.
The harvest in France being in full gathering, very
little wheat was sent to market last week, and, sup-
Plies being thus short, holders required terms which
!they could not obtain in the previous week. Very
little business, however, was done. Transactions at
Galatz, Ibraila, and Odessa, at latest dates, were de-
Scribed as unimportant, buyers holding. Letters from
the latter place give much more satisfactory accounts
of the wheat and rye crops than those received three
Weeks back. From Pesth favourable accounts have
been received of the Hungarian crops. Rain had
fallen just when it was wanted, and the grain had
consequently greatly improved.
It is stated in communications from Paris that a
group of English capitalists, amongst whom are men-
tioned Messrs. Capper, Sheridan, Brett, Morris, and
Wylde, have deposited at the Ministry of Public
Works a soumission or proposal for the execution of
railways from Talle to Clermont, and from St. Denis
les Martel to Aurillac. The subvention required is
56,000,000 f. or £2,240,000.
The large decrease in the Brighton Railway traffic
for the past week—viz., £3,741, is explained by the
fact that it compares 'with Spithead naval review last
IPPAr.

The traffic receipts of the Lucknow and Cawnpore
Tine of the Oude and Rohilkund Railway for the week
ending the 7th ult. were £502 143 9d, being an
inreWon last year of £221 13s Bd.

BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT FUNDS.
3 per Cent. Consols
Ditto for Account, Aug. 6
3 per Cent. Reduced 941 5
New 3 per Cent
New 21 per Cent. Jan. 1894
Do. 5 per Cent. can. 1873
/inanities, 30 yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 l2 11-16
Do (Red Sea Teleh,raph), Aug., 1908 —
Exchequer Bills, £l,OOO, 2 per Ct l6 pm
Do. £5OO
Do. £lOO &£2OO l6 t,
II
Bank of England Stock, 41 per Cent 215 6
Do. Account
INDIAN GOVERNMENT SECURITIES.
India stock, 101 per Cent., AprillB74 ••• 215
Do. Opening, for Account —
Do. 5 per Cent. July, 1880
Do. 4 per Cont., Oct. 1888
Do. Certificates —
Do. Enfaced Pape, 4 per Cent
Do. 5 per Cont., Jan. 1872
Do. 51 per Cent., May 1879
Do, 5 per Cent., Rup. Deb. 1872
Do. do. 1877 —
Do. do. 1882 ......
D,;. Deb., 5 per Cent., Aug. 1873
Do. Bonds, 4 per Cent., £l,000
Do. under £l.OOO
FOREIGN FUNDS—CLOSING PRICES.
Argentine Ropubc, 6 per Cent...
Austrian Bonds, 5 per Cent. 1859
Brazilian 5 per Cent xd
Do. 41 per Cent., 1852
Do. do. 1858....• —
Do. do., 1860 —
Do. do., 1863
Do. 5 per Cent., 1865 —
Do Account 77k
X uenes „tyres 6 per Cent —
DJ 2 per Cent. (Deferred 3 per Cent )
Cuba, °per Cent.
°anima 6 per Cent
Do. 41 per Cent
Do. 6 per Cont., B —
Do., 1867
Do., 7 per ,Cent., 1866 ... —
Do., Scrip £32 paid
C 0, mbian, 6 per Cent
•
D Luisa 3 pir Cent., 1025 ..~,,
D .nultian Principalities, i r.er Cent 751 41
Do 8 per Cent., 1867 7B/
Ketuador New Consolidated, 1 per Cent l4i
/I,iyptian, 7 per Cent .
1)0. SCCOWI Issue „ . 791 811
D.,. £5OO Bon.ls
-...
4,0.410 C Bonds B3
Do. 1864
Do. Account
1)o. £5..0 Honds B3
Do. .£lOO Bonds ~.. 861 4
Government Railway Debentures .... 93 21
reeic 5 per Cont., 1824 5, ox Coups
Do. account
Do. Coupons
Do. Account
G,toteuntla 5 per Cent .. —
Rouduras Goy.ltail. Loan., 10p. Ct., £25 p 811
It than 5 per Cent., 1865 —
Do, Account ~ 7Bl
Do. Maremaragualsiway.ftlivoiromittto ""'