The Sun.
London, England, 1868-08-05 00:00:00

MONEY ZIAREET

A ND

COMMERCIAL INTELLIGENCR,

CITY, Two O'CLOCK.

:the stock Markets are without much change,
though exceptional movements of importance are rc-
poqed. Neither the Funds nor Foreign Bonds have
Varied, except that Italian and Brazilian are in rather
More request. But American Securities are again
Very flat. Erie Railroad Shares are as much as 3
Per cent_ lower. In home railways there is not
much feature. Midland have risen 1 per cent. on
the dividend announced this morning. The favour-
able. dividends so far announced and other encourag-
ing circumstances are reviving this market.
The Discount Market is firm at 1 to 1g per
cent.

Corn is in demand at Monday's rates.
The English Funds are steady. Consols for money
and account, and New and Reduced 3 per Cents.
are quoted at 941 to 94a Bank Stock, 247 to 249 ;
India Five per Cents., 1141 to 1151 ; Exchequer Bills,
14s to 18s preni.
Foreign Securities are withoo particular movement.
Brazilian (1865), is 1 better, at 771 to 78 ; and
Italian k, at 52/- to 53k ; but Greek is lower, at
13 to 13k ; and New Spanish at 331 to 34± ;
Mexican is steady, at 15k to 15k ; Turkish, 39k to
39. k j Egyptian (1864), 85k to 861; Viceroy's Seven
Per Cent. Loan, 72/ to 721 ; ditto Nine per Cents.,
1/ to 91/ ; Peruvian (1865), 791 to 80 ; Honduras
Loan, 83 to 83i.
American Securities are flat. United States 5-20
Bonds are lower, at 71 to 711 ; Erie Shares
show a decline of 3, at at 921 to 931 ; and Illinois 2)
at 37 to 39.
Atlantic and Great Western Railway Debentures
are 391 to 40/ ; and the Consolidated Mortgage Bonds
-I to 421.
12T jo. .
reign Railways, Great Luxembourg remains at
3h • and Lombardo-Venetian at 16 to 16k.
Test Wisconsin Bonds are / to 1/ prem.
Colonial Government Securities are steady. The fol-
7mg are the quotations :—Canada Six per Cent:,
103 to 105 ; ditto Five per Cent., 90 to 92 ; Mauri-
tius Six per Cents., 103 to 105 • New South Wales
Five per Cent., 99 to 101 ; New Zealand Six per
Cent., 105 to 106 ; and Victoria Six per Cent., 113 to
115.
The railway market is steady. The leading feature
is an advance of 11 per cent. in Midlands on the
dividend. The present price is 108 to 1081. London
and North Western, and Great Northern (A) are
better ; Brighton, ; and South Eastern, Great
Western, and Metropolitan, ir each. Great Northern
ant
lower, and Caledonian, *. The prices are :
eas.hire and Yorkshire, 130 k to 131 ; South East-
ern, 77
London and North-Western, 117 to r ;
Great Northern, 106 k to 1071 ; ditto A, 105,k to 1061 ;
Great Eastern, 39k to 40 ; Great Western, 501 to 51 ;
Brighton, to 55 ; Sheffield, 431 to 44 ; Metropo-
litan, 118 4)1 ; Caledonian, 77/ to 1 ;• and Chatham,
20/ to 201.
Bank Shares are without feature, and the dealings
are limited. The only change is a decline of in
Imperial Ottoman, at /to 1 prem. Agra (A Shares)
11± to 111 ; Alliance, 101 to 9} dis. ; Anglo-Ame-
rican,, 7to prem.; Chartered Mercantile, 281 to
.Vtk ; Consolidated, q. to 47; ; Imperial, 17 to 18 ;
•London and County, 52 to 53 ; London and West-
ilinster, 68 to 69 ex div.; ditto, New, 44 to 45 ; Lon-
don Joint-Stock, 32k to 331 ex div, ; Union of Lon-
(ten, 35 to 36 ex div.
In Foreign Mining Shares St. John del Rey is
better at 2oi to 214 ; Port Philip 11 to 11;
Chontales, 2± to 2i ; Rosso. Grande, 5-16 to 7-16
prem.
Miscellaneous Securities are very quiet. Anglo-
American Telegraph is quoted at 21i- to 21i ; Atlan-
tic Telegraph 8 per Cent., 3 13-16 to 3 15-16 ;
41 Atlantic and Great Western Mortgage Bonds, 40.} to
; Hudson's Bay is firm at 15k to 15/ ; London
General Omnibus, 1/ to 2.
The •
increase in the Metropolitan traffic last week
was £247 7s 4J, and in Great Luxembourg,
£2,239 7s 9d.
The General Credit Company announce that they
require a deposit of 1 per cent. only upon applica-
tions for the new French Loan.
There was no bullion operations at the Bank
Yesterday.
,„ The Exchanges were yesterday again rather less
ravourable to this country.
The report of the London and South Western Bank,
after stating that the proposed dividend of 5s per
Share, payable on the 12th inst., will allow £560 18s
to be carried forward, remarks as follows :—" The
directors have had under consideration the desirability
of reducing the present liability on the shares to such
an extent as may be satisfactory alike to the share-
holders and customers of the bank, and with a view
to carry out such arrangement they have instructed
the bank's solicitors to prepare the necessary forms
and obtain legal opinions on the subject. The di-
rectors propose, if they find no impediment exists, to
call the shareholders together at an early date,
to determine as to the mode of carrying out such
reduction."

The City of Antwerp has brought £17,400 in
BPecie from New York, and the Bremen £47,500.
On the other hand -1.30,000 left by the steamer New
York yesterday for America.
Considerable purchases of grain continue to be made
at 1113rseilles on Spanish account, so that prices at that
Port are more firmly maintained than in any other of
the French markets.
The ordinary general meeting of the North Austra-
lian Compan
thy has
directors' been convened
ort re forand the 19th
statement instanof
t,
to receive e
accounts. p
CThe London, Brighton, and South Coast Railway
oman are offerinff £550,000, 4i per cent. perpetual
debenture stock to die proprietors, at 95 per cent., the
instalments of which extend over nine months.
v The judgment, on appeal, against the directors of
,"e Credit Mobilier of France, on account of the
.'
‘iredit Immobiliere, amounts to 83,000,000 f., equal to
„3,320,000 sterling. The fate of the shareholders in
e Credit Mobilier, after this, is quite in the hands
°f M. de Germiny, who stands in the position of
liquidator. If he makes common cause with_
4c,,,m, the shares, which yesterday were worth
Sides with MM. Pereire, it is said they will not fetch more than 60f.
la The Metropolitan Railway Company convene a
c,etinef for the 19th inst., " for the purpose, if so
`4°ternaTned, of passing a resolution, pursuant to the
provisions contained in the Regulation of Railways
coet, 1868, to divide the paid-up ordinary stock of the
Preferred
into two classes, to be called—the one,
orredferred Ordinary Stock, and the other, Deferred
a InarY Stock, and to issue the same subject and
.kccording to the provisions and consequences defined in
° said Act."
The East Indian Railway Company announce the
a
4,,sue
t to their proprietors of £1,000,000 new stock,
int Premium of 61 per cent., bearing a guaranteed
,xlest of 5 per cent, per annum.
per 'e Midland dividend is at the rate of 5 per cent.
dividcomparing with si. The Great Northern
c 0..: end ;_sl, at the rate of 4.1- per cent. per annum,
4. This allows £3 for the half-year
Stock, and £1 5s on the A.
00'aile directors of the Indo-European Telegraph
alit PanY have issued their first report. It relates
paacst exclusively to the establishment of the corn-
Ira 3cri' and to the progress of the works necessary for
pre7evelopment. The necessary capital had all been
cried,
tto rtation;„"
but only 16,646 shares issued, and the
ThenninarY expenses had been exceptionally small.
(1.01,,„ concessions to Messrs. Siemens by the
Aedevriitnea
of Russia, the North German Con-
and Persia, had been transferred
fade Company, and modifications had been
would 1 the proposed route. The estimated cost
rilenot be exceeded, and the line would fully
exped;at?' the public requirements for accurate and
The
co. dill'
telegraphic communication with India.
siat„lllPanY had received great encouragement and
ent"nce (not financial) from the Indian Govern-
conw which had decided upon the construction of a
tacCete alternative line between Dislike and Kur-
and icy and also an additional wire between Teheran.
tio4 ,nehire, so that a complete through communica-
liah uetween this country and India would be estab-
WireeBcl,.hY means of two special and well insulated
rleki '.aPable of doing a very large amount of busi-
Wit,ll2Deed and regularity

uoll,Rl'l'ISII TUNES—CLOSING PRICES.
3 1 ERN mExT ruNDs.
94+ 1 i I
Nl' Cent. Consols bitt c
041
3 ‘or Account, Aug 6
941 -,1 x
, per Cent. Reduced 1‘,111::1'''' 3 per Cent
bvosl Per Cent. Jan. 1894.
k_ .. por Cent. o an. 1873
)Iluities, 31) yrs, expire sth Jan., 1880 —
I
:r O. for 30 yrq, expire sth April 1885 12,1 _
E,_. ) (Red Sea Tel.4,raph), Aug., 11'08 2u4 xil
, :I
13 pm
Icquer Bills, £l,oop, 2 per Ct
1)0.
Do £5OO
- 17
Banc,
£lOO & £2OO _. 17
2
I, AL Account of Fn lan d stock, 4 pir Coot '•,7 S 1 •,
"
itoitsrnikx ,40VERNMENT SECURITIES.
,) _
tia ...ock, 104 per Cent., April1874
0. Opeuit),, for Account —
Do k
114} 154
• . Per Cbent..fuly, 1.880
Do
104 i I
r, • 4 per Cent., Oct. 1888
),-,0. Certificates
uno• Enfaced Papet 4 per Coot —
0u •-)t :
.10.ero Cent., Jan. 187.2_
Do 5 pr Cent., May 18i 9 —
''' per Cont., Rup. Bob. 1872 —
Do.
do. 1877 —
n bo
188/
do.
-6'2 nub', 5 per Cent., Aug. 1873
pin
,$)). 13onds, 4 Per Cont., £l,OOO
14). under £IOO
. -s.lithae Repuhc, t; per Cent...
"sti Arian /3onds 5 per Cent. 1859
Br
5 per (.leut ..._