The Sun.
London, England, 1868-07-30 00:00:00

ITONEI" MARIIEf

AND

COMMERCIAL INTELLIGENCE,

CITY, Two O'CLOCK.
The depression which characterised the funds is on
15f the anomalies of the stock market which it is no
easy to explain, seeing that all the general cases which
usually affect prices are of a highly favourable cha-
racter. Money is cheap and most abundant.
Bankers and discounters have much more than they
e;ironepnel,ploy ; and they offer it in sums at 14 per cent.
There are no signs of any disturbance of the peace ofl
however uneasy the speculators on the
.Paris Bourse may affect to be. The harvest is
all that could be desired in quality as well
as quantity. The price of wheat is 20s per
quarter lower than it was last year, and from
8s to 103 lower than it was a month ago, while
there are symptoms of a further decline in Mark-lane
next Monday. Yet all these favourable conditions go
for nothing as far as the Funds are concerned, though
the Funds yield quite as good returns as most other
stocks, with the best security in the world. The fact
that operators are closing their engagements previously
to their avowed annual vacation, supplies some explana-
tion of the anomaly ; but this is obviously insufficient
to account for the whole. It would be useless for us to
attempt a solution ; but the British Funds, so long
as they are properly estimated by the public, cannot
permanently remain below their true value from the
operation of merely speculative causes, in face of a
great harvest and a low price of money,which promises
to he of indefinite continuance.
The Consols remain fiat, at 941 to 944 for money
and account ; and New and Reduced are also at
that price. Bank Stock, 246 to 248 ; India
Five per Cents., 1141 to 1151 ; Exchequer Sills, 15s
to 19s prem.
Foreign Stocks are also flat, especially Italian and
Egyptian. The prices
Peruvian and Turkish are a little better.
to 1-)rtees are :—Mexican, 151 to 151 ; Greek, 131
3 ; New Spanish, 341 to 35 ; Italian, 521 to
52fr ;Turkish, 382
84 ; Viceroy's to 391 ; Egyptian (1864), 83 to
Seven per Cents., 711 to 712 ;
Peruvian, 74 to 772 ; and United States, 72k to 724.
Great Indian Peninsular Railway Stock remains
firm at 1074 to 1081 ; Great Indian, 1084 to 109} ;
and Bombay and Baroda, 103 to 104.
Colonial Government Securities are steady.
With one or two exceptions English Railways are
again firmer. The rise in Metropolitan since yesterday
Morning is now 3 per cent., the present price being
116. Lancashire and Yorkshire are 130 to 1304 ;
Ilidland, 105 to 1054 ; South Eastern, 77 to 771 ;
London and North Western, 116 to 1164 ; Great
Northern, 105 to 1051 ; ditto A, 1021 to 1031 ;
Great Eastern, 40i to 40;1 ; Great Western, 51 to
514 • Brighton, 53i to 54k ; Sheffield, 42 to 431 ;
Caledonian, 751 to 751 ; and Chatham, 201 to 202.
Banks are very quiet ; the only change is a slight
improvement in Anglo Austrian. The quotations are :
Agra (A) shares, t 0,12 ; Alliance, 10 to 9 dis. ;
`lnglo-Austrian, a to 7 prem. ; Chartered Mercantile,
,48i- to 29i; Consolidated, 4/ to 5 ; Imperial Bank,
17 to 18 ; Imperial Ottoman, to prem.; London
17d County, 52 to 53 ; London and Westminster,
704 to 714 ; ditto New, 481 to 494 ; Oriental, 43i
14t the London Joint-Stock, 34 to 35 ; and
nion of London, 35 to 364.
Credit; and Finance Shares are- without enquiry.
Financial
Fonciers are perhaps hardly so flat, out London
are at their heaviest. National Discount,
nato 12f ; London Financial, 25 to 24 dis. ; Inter-
'',,a.tional Financial, .la. to dis. ; Generai Credit,
dis. ; and Credit Foncicr, 2 to 3.
Telegraph shares keep very firm upon purchases
ler the further rise expected as the time approaches
for the government to take over the lines.
nce°reign Milling Shares are dull, and a point lower.
‘,...montales 2 to 21 ; Port Phillip, 1 to 11 ; Rossa
Grande to # prem. ; and St. John del Rey, 18 to 20.
West' Wisconsin Railway Bonds are / to 1/ prem.
lit"ng Miscellaneous Shares London General
15manus are still quoted lk to 21 ; Hudson's Bay,
to 85. to 15g ; and Thames and Mersey Marine, 4i

et,
are An interim dividend of 8 per cent. has been de-
The Freemasons' Tavern Company have declared a
dividend at the rate of 5 per cent. per annum.
There were again no bullion operations at the Bank
Yesterday.
The City of Boston has arrived, with £23,000 in
specie, from New York.
'the Metropolitan Railway Company announce the
usual dividend, viz., at the rate of 7 per cent. per
on on the Ordinary, and 6 per cent. per annum
un the Extension stock.
The dividend of the Electric and International Tele-
gol* Company for the past half year is at the rate of
Per cent. per annum, the same as has been paid for
14411 Y years.
A further remittance of £460 has been received on
account of New Granada dividends.
The Liverpool Journal of Commerce understands
itlat the acceptances of Messrs. Zeigler, Meiss,
red
of North John-street, Liverpool, were
tarued on Tuesday. The liabilities are stated
.° amount to about .£200,000, chiefly in con-
teet.jou with transactions in cotton to arrive,
lit it is expected that the liquidation will prove
favourable,
2eall of £2 per share has just been made by the
;raguassu Steam Tramroad Company, payable the
Septembe r.
he Danube and Black Sea Railway meeting is
announced,, for the 13th of August.
er he half yearly meeting of the International Land
Visit Company Is convened for the 18th August.
zitlle British Columbia and Vancouver Island Spor,
ember, and Saw Mill Company have called a meet-
R for thi sth August.
/1:-.11e receipts of the London and North Western
Atidl ,waY last week show an increase of .£9lO ; the
T _ land, 6,919 ; the Great Northern, £1,104 ; the
'qua&
i-au and South Western shows a decrease of £646.
of stated that the liquidators of the Royal Bank
attruecrive.erLpaoionlg,ll::.ep.d,ecided to make further calls of.£s
Arl'so respectively on the small and large shares.
and Sir William Russell, M.P.,
Par ab°ut to proceed to the United States, for the
Atlantic of making a complete inspection of the
ab3;),-,we and Great Western Railway. They will be
be " altogether about six weeks. Proceedings will
vaoBPeedilY taken in the American courts for the
eff,,t,ea of the receivership, and the transfer of the
tain"lve management to the directors, of whom Mr.
thai,g is chairman and Sir W. Russell deputy
egli all the French corn markets on Monday and
hill? Tuesday, the farmers expressed themselves
and Y gratified with the quality of the new wheat
bblilat buyers showed very much less disposition to
elitraalt the
prices demanded. All the markets in
dehr,- France were giving way. At Aubigny, in the
Bf4.eleut of the Cher, the fall was not less than
in p`),?. Per hectolitre, and a heavy fall was expected
hretas) owing to the quantities of new wheat
"t to market. At Algiers, on Saturday, prices
notwithstanding a brisk demand for Spain, which
daredfretn„. holders somewhat firm in their tone. A letter
cow Vienna says that large quantities of wheat are
barienlyeiforward from the Lower Danube, and also of
The) forward
England.
of the Master of the Rolls has decided that the action
agaillstnquidator of the Joint Stock Discount Company
4111 st „I‘lessrs• Capper and Co., in Wilkinson's case,
wb'r °II. The compromise is thus virtually upset
Theleh the pardon was granted.
~enttrafae receipts of the Bombay, Baroda, and
tre India Railway, for the week ending June 6,
re x,„
,Week ir,638, against £12,503 in the corresponding
'be s " last year. Those of the Madras Railway for
The anan k
e ine e showed an increase of £4,662 33 9d.
Way of ,rease in the receipts of the Grand Trunk Rail-
hose ‘l,anada for the week ending July 11 is .£2,630.
Nek °' the Bahiaand San Francisco Railroad for the
t en
°tat of 4: ding Jane 20 show an increase of £169 on a '
kThe6ls,
easra. market in London for American securities (says
hetnailiertterthwaites circular) has, since our last,
eP,e ruindvoerY steady. United States 5.20 Bonds
Lrae „„'rora 72a to 72,1 with a moderate amount
°nZ``lterBl,'Lu.ns• Illinois shares' have been somewhat
setee I,'rie gave way to 421, but have improved
*Yell ifge Purchases, and close firm at 43i to 44.
ei'les of `"„Portant business is daily done in the secu-
bnecian„"u,e Atlantic and Great Western Railroad,
tieheetnJ in the Consolidated Mortgage Bonds and
~eketit Fps' The approach of the half-monthly set-
nae
for d a Celeed some sales to realise profits, and so
oh, he ne,.. ine for a day or two, but on good buying
th„: wed count they rapidly advanced to 41. at
close firm,

anITIIII YIINDS—TWO "L
U
8 c'vzitvuE -
iser c • NTFUNDS.
~ Ditt,e,llt• Consols .
941 i
91i
',,,per 6 for Account Aug. 6
941 .1 1
New °et. Iteduced zfe: Per Cent
941 i
, o, 1 Per Cent, Jan. 1894
A ttNit. Per Cent. o an. 1873
11)0. flt 3, SO yrs, expire sth Jan., 1880 —
I) '31.30 Yrs, oxpiro sth April 1885 —
° Red
'''ir.;4„,_ . Sea. Tolohraph), Aug., 1908 —
18 Inn
11011°r Bine, 4:1,000, 2 por Lt bo
• 4500
17
18 13 ,7
kek of 4100 & £2OO
bo. A England Stock, 4.?., p3r Cent —
1,, INT,°°nt ...
—or GOVERNMENT SECURITIES.
130. B°ek, 10i Per Cent., April 1874
po.bo Peuing, for A.ccoun t —
1101 15/ 141
I Pin* tient. July, 1880
b 12,0. Uer: Cent., Oct. 1888
e. I,,lf.tincates
130. K 'teed Pap, 4 per Cent _
bo. •ier Cent., Jan. 1872
bo 9 Per Cent., May 1879 _
34er Cent., Rup. Deb. 1872 .
__
•
do. 1877
Do,
do. 1882 ....