The Sun.
London, England, 1868-07-16 00:00:00

0 x B. AitTi ET

AND

OOMMERCIAL IIiThLLIGENON,

CITY, Two O'CLOCK.

Expectations have began to prevail of a reduction
in the rate of discount to 15 per cent. consequent
upon the large and increasing supplies of unem-
ployed capital. No change, however, was mane by
the Bank Directors to-day. As the 2 per cent. mini-
mum has been in operation for exactly a year without
creating a revival in the demand, or absorbing any
Portion of the Bank's own reserves, it is perhaps
reasonable that the experiment of a reduction should
be made, though there is no precedent of a 15 per
cent. minimum. The Stock markets are generally
firm at somewhat better prices than prevailed yester-
day, and business is also rather better. The New
fEgyptian Loan, which was introduced this morning,
'8 quoted at 14 to 1/ prem. ; and the Swedish, 3 to
ai Prem.
Little or no demand is experienced for money, and
commercial discounts are nil. The quotation barely
exceeds 11 per cent.
fConsols are firm at yesterday's close, at 94g to 941
9r delivery, and 94i to 944 for account. New and
Deduced Three per Cents., 94g to 941 ; India 5 per
Cents. steady at 16s. to 20s. prem ; Bank Stock, 244
to 240
, ; Exchequer Bills, 16s. to 20s. prem.
~, in the Foreign Market prices are firm. The
bNYptian Viceroy Loan has improved nearly 1 per cent.
eing now quoted at 7.21 to 73,E ; Peruvian, 80 to
' co,i • Orel Vitebsk Railway, 84 to 845 ; and
I.i.lai
66 to 665.
United States 5-20 Bonds are flat, at 721 to 72g.
English railway shares are on the whole well sup-
Ported, but business is confined to a few of the prin-
VPal descriptions, and prices are almost stationary.
London and South Western is 5 lower, at 91 to 915 ;
While Metropolitan is 4 better, at 1135 to 114 ;
Lancashire :and Yorkshire is quoted at 1285 to 129 ;
and London Brighton, and South Coast, 52/ to 53.
Colonial b
request. wernment Securities are in moderate
Canada 6 per Cent. is quoted at 102 to
104 ditto 5 per Cent., 89 to 91 ; Mauritius 6
Per Cent., 102 to 104 ; New South Wales 5
Cent., 99 to 101 ; New Zealand 6 per Cent.,
110 to 112 ; Queensland, 106 to 107 ; Victoria 6
Per Cent. 112 to 114.
Bank ghares are in rather more request, and
trices generally are firm. London and County and
• °Mon Joint Stock, are each 5 better, being dealt
in at 505 to 51-k, and 325 to 335 respectively. Anglo-
tustrian and linperial are also 4. better the former
leing inquired for at 5 to 55 prem., and,the latter at
to V,iance g prem. ; Agra (A) steady, at 11 to 12 ;
Alliance
Cons to 95 dis.; Chartered Mercantile,
18 to 9
pt -0'; olidated, 45 to 41 ; Imperial, 175 to
a-i ; London and Westminster, 68 to 69 ex div.;
0. (New)) 465 to 475 ; Union of London 34 to 35.
tForeign Mining; Shares are almost at a standstill.
i',n.Jehn del Rey remains at 18 to 19 ; Port Philip,
li ; Ohontales, 2 to 2f ; Rossa Grande, g to 5
sr4ei
kntlis.cellaneous Securities are very quiet. Anglo-
ti liserle-in Telegraph, 211 to 215 ; Atlantic Telegraph
ewlta.r.eliouse,
11:74"t Per Cent., 4± to 4g ; Atlantic and Great
.„....estern Mortgage Bonds, 35 to 36 ; Fore-street
f to 1 prem.; Hudson's Bay, 15i to 155,
Di e1,.."'• ; London General Omnibus, 2 to 24 ; National
igcount, 115 to 12 ; Ocean Marine Insurance, 145 to
Prem. ; Thames and Mersey, 41 to 5.
Atlanticare 35
and Great Western Railway Debentures
351 4t05i,t,0 Ithe Consolidated Mortgage Bonds,
353, and
Tho ai'
81. Honduras Loan Debenture Bonds are 801 to
9reat Indian Peninsula Railway New 4 per Cent.
~Debenture Stock is 96 to 96k.
"I:ne Australian mails were delivered this morning.
11.,41-ititothe tenth annual meeting of shareholders of the
~,.nal Bank of Australasia, held at Melbourne on
Per rnmm,
sth
Per :14Y last, a dividend at the rate of 10 per cent.
also a bonus at the rate of 25 per cent.
deelaarteindum, as recommended by the directors, was
A.t tile
r,_ forlsunt
and D. meeting yesterday of the General Credit
Company, the proposed dividend at the
'e 5
The.h or cent. per annum was declared.
for thage
brain all-yearly meeting of the General Laid:
Stand Improvement Company has been called
The e
us
Tei,, Directors of the Electric and International
i7.,,s_gorapb Company have called the half-yearly meet-
"e4r.he sth August.
bullion operations were reported at the Bank
Sesterd
with , day Since the date of the last return the total
fro
on balance has been £241,000.
fro, he City of London has brought £230,500 in specie
,jl, New York
Ine 1.• .. . '
at th is:lnding,s for bills on India were held yesterday
to ce,''lnk of England. The amounts allotted were
The Cal 'ink
£150,000 ; and to Madras, £50,000.
is ',,,t,llinimum price was fixed as before, viz.
~e_`,\',:.eci en both Presidencies. Tenders at is llid will
iii eiltiii.about. 18 per cent. ; those above will be allotted
The traffic
Reek ling return of the Madras Railway for the
May 23 shows an increase of £5,044, as
cieempar with the corresponding period of 1867 ; the
~,Luxembourg
‘-/re at eelizsieeannain,crease of Railway for the week ending July.
£1,609; the Bahia and San Fran-
of z,,,_ away for the week ending June 6, an increase
Lou
-kbe traffic era it I' C receipts of the London and North West-
at way for the week ending the 12th inst. show
West-
on in
eefasltlerrof
.t,he
The°reale of £1,812.
AT
to b Rolls has appointed Mr. Cope
Cutting Ci of
of the Thames Patent Wood
with' °LuPaeY (Limited).
was state ti wit reference to the paragraph in the city ar-
omas•
seventy-five
relating to the Wisconsin Railway, it
Dar in e that the bonds would be redeemable at
years. This should have been
en cash at Years, when the bonds are to be paid off in
lr a though issued at 70 per cent.
'nu,

BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT FUNDS.
3 Per Cent. Consols
,s Ditto for Account, Aug. 6
6 per Cent. Reduced
iew 3 per Cent
New 21 per Cent. Jan. 1894
Do. 5. per Cent. dan. 1 8 7 3
A inuities, 80 yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 —
...-
(Red Sea Telef„,raph), Aug., 1908 —
Exr.:tioquer Bills, .Zl,OOO, 2 per Ct
Do.
Do £5OO
. £lOO & £2OO ...... n
Bank of England Stoc
Do. Account ... ....... per d... ...ent .....
INDIAN GOVERNMENT SECURITIES.
India Stock, 10+ per Cent., AprillB74 ... 212 14
Do. Opening, for Account....,.,
Do. 5 per Cent. July, 1880
Do. 4 per Cent., Oct. 1888
............... 104}
Do. Certificates ..............................
DO. Enlaced Pape., 4 per Cent..........,.
DDo. 5 per Cent., Jan. 1872 .............
o, si per Cent., May 1879 1091 10
e, 5 per Cent., Rup. Deb. 1872
Do. do. 1877
Do. do. 1882 —
Di:. Deb., 5 per Cent., Aug. 1873 —
Do. bo. Bonds,
£l,OOO 4 per Cent., £l,000
nder
pm
FOREIGN FUNDS—CLOSING PRICES.
tr4etitine Repulic, 6 per Cent...
tirt,nitrian Bonds 5 per Cent, 1859
adlian 5 per 'Cent
ad
Do, li per Cent., 1852
—,,°. do. 1858.....
"°. do., 1860 _
De d 0../
1863 _
DA t /
I,— 0 per Cent., 1865
77
, -.0 Account
...tleti
, osA.yres 6 per Cent ou,e 2 per Cent (Deferred 3 per Cent )
CSe. 0 •
.%, oper Cent.
4.Dulan 6 per Cent —
Do
_
„00. 41 per Cent
_
' • 6 per Cent., B
93
,•1 1867
_
r:,°•7 per ,Cent., 1866
0 )! °,„'',eriP per Cent.
th.,'muian, 6 per Cent. ••
ad
ri, 11, 3 per 825
Cent —
DO ~ I per toutur Per Cent., 1867
k or XeW Consolidated, 1 per Cenr. —l4
gYptim 7 "
•••
00
Sec per Cent
811-
-T! .su.'l3‘ ).: 44315000:0:11188 Bondsll e
Do.
831
1864
1 41
83} 4i 32 4
130. P°,
.. Account
84-1-
4 li nds
t). 4100 Bonds . . ...........
reek Itailvv-s—v. . 'Debentures
D„'' 0 Per Cent., 1824 5, ex Coups --
.0". 4ectunt .
........... .
.00(,. Coupons .......................... ,
~. _
irrn i _ Ae'eu)uut
117_n'!Inala 5 per Centi .... .........
'Va/auras Gov. Rail. Loan., 10p. Ct., £25 p
6 Per Cent., 1.866 —
+)0 Tir4ce°llot
14,3,• —ftrenarnana Raiwav —
bi,'Z'f3 Per
7
D:b2.r Account
g 1864
ttlelitc, Per Cont. Anglo-French —
_ Yideau 6 per
per
uorish 1 . • ..... .
ihs, , •-itiperial 5 per Cent•
h 1.1.4,,,,i,
4/0 f?
1),„ ,
-h0.., (jell 4 ...... r
Do„oeterre,l .
Pertluvt'itta_4l Warrants (lioetares)
Do , 4 0 per Cent. 18(33
toc, ,enelnat .......... ......................
t, 11 Per Cent. (Uriburen) -
0 44, per c .
Do Account„ wit., 1862 -
Ipo,t ......................
ol.gtlese 3 per Ct., 1853, '6, '7, '9,'60,'2.'3
381
ti• do.
1,67
-41,0' do. • Sc; ip,',420 paid
'au K
' '
173,
,1 , . per Cent., 18•2 z, £ 61, B7l
co 4t Per Cent. 1850
DO 4iPer r,
b'-'0 3 Cent., 1860
o _ per Cent., 1859
,D,.° Per Cent., 1862 .... ... 861
v Anglo-Dutch, 1861, .£lOO Bonds,