The Sun.
London, England, 1868-08-12 00:00:00

01, Y B. A .11-Ti E T

AND

COMMERCIAL INTELLTGENCE,

CITY, Two o'CLocK.

The withdrawal of gold from the Bank yesterday
has caused some degree of heaviness in the funds, but
otherwise there is not much general alteration in the
Stock Markets. Various foreign stocks are a point or
two better, and Peruvian Stock maintains yesterday's
improvement. Railways also are in some cases
higher. The chief attention is, however, given to the
settlement, which commenced this morning and ter-
minates on Friday.
There is rather a good demand for money, but no
alteration in the terms for the best bills from 11 to 1i
per cent. On the Stock Exchange the terms for ad-
vances aro quoted at 1 to 2 per cent.
Consols are dull at 931 to 93.4 for money, and 931
to 94
937
4sforaccount. New and Reduced Three per
to 94 ; India Five per Cent. steady at
114 to
115 ; Bank Stock, 247 to 249 ; Exchequer
13ills, 14s to 183 prem.
Ira the Foreign market the following are the quo-
tations :—Mexican, 141 to 151; Greek, 13 to 134. ;
Spanish, 331 to 34 ; Italian, 52g to 52g ; Turkish
VC per Cents., 381- to 38; ; Peruvian, 781 to 791. ;
„I-
~!:,ortuguese, 381 to 381 ; Danubian (1867), 78 to 79 ;
'lYPtian (Viceroy), 72x to 721 ; Brazilian, 76i to
77. 4

In American Securities, United 5-20 Bonds are
better, at 71i to 72k. Erie Shares are lower, at
36i to 37 ; Illinois, 92 to 93.
f
Atlantic and Great Western Debentures have im-
proved ,
to 38/ to 381
to 38k to 381, and the Consolidated Bonds /
The Honduras Loan is firm at 82k to 83, having
peen dealt in at 83.
Great Indian Peninsula New 4 per Cent. Debenture
Mock is 95i
to 961-.
hire
In Railways them is aa recovery of k to f in Lanca-
Bletro
and Yorkshire, South Eastern, Brighton, and
n
Thee,
itan but other descriptions remain for the
r pol
most
b part Re previous prices, while transactions are
only in connection with the settlement.
he g folfflectowined g are present quotations :—Lancashire
and Yorkshire, 130 to 130 i ; Midland 106 i to losi ;
G; eat Northern, 106 to 107 ; ditto (A) 103 fr to 104 i ;
Great Western, 494 to 49if • Great Eastern, 38 to
,1)81 London and North-Western, 1161 to 1161 ;
South Western, 92 to 93 ; Sheffield, 43 to 43i ;
Brighton, 53/ to 531 ; Caledonian, 76i to 77 ;
Metropolitan, 111161 to 117; and Chatham, 191
to 201.
Colonial Government Bonds are steady. Canada
°lx per Cent., is quoted at 103 to 105 ; ditto Five
Per Cent., 90 to 92; Mauritius Six per Cent.,
103 to 105 ; New South Wales Five per Cent.,
99 to 101 ; New Zealand Six per Cent., 110 to
112 ; Queensland Six per Cent., 105 to 106 ; Vio-
toria Six per Cent., 113 to 115.
Bank Shares continue dull and heavy. Chartered
Mercantile and London and Westminster are each it
e", the former being quoted at 28 to 29, and
tl2 he latter at 67 to 68. Agra (A shares), 11k to
; Alliance, 11 to 10 dis. ; An 10-Austrian to
i Prem. ; Consolidated, 4a to 4/ ; Imperial, 17 to
8 Imperial Ottoman, to prem.; London and
County, 51 to 52 ; Oriental, 44 to 45 ; London
Jeint-Stock, 3211 to 33i ex div.; Union of London,
35 to 36 ex div.
In Miscellaneous Securities there is little business
going, Anglo-American Telegraph, 211 to 21
Telegraph
Atlantic Eight per Cent, 4 to 4k ; Hudson's
La
Y, 15/ to 15j ; Fore-street Warehouse, dis. W
a prem.
tForeign Mining Shares are very quiet. St.
ohtt del Rey remains at 191 to 20 ; Chontales, 21
urea' Port Philip, 1k to 11; Rossa Grande /to tn.
The following is an extract from the Manchester
cc,lll9ular of Mr. Sam Mendel, dated yesterday :
- •
The Inquiry is more general, with sales to some
f•xteat at prices closely approaching the full quoted
ates.
, Since noon there is scarcely the same activity,
we close the day with 'a very steady and more
cheerful tone.
zr The sum of £lOO,OOO in bar gold was withdrawn
01,bn the Bank yesterday.
Ila he ordinary general meeting of the Brean Down
raur
h b 1 d for 29th, r the as een ca e
transaction an
ofy the ordinaryl the
business of the Comfo-
Paul%
t, A second dividend of 6s 8d in the pound is payable
Company,
unsecured creditors of the Xeres Wine Shipping
Limited.
A further di • in the pound, making 7s
dividend of 3s
. 5 announced by Mr. L. H. Evans, the official
liquidator of the Financial Corporationable on
Thursday next. , pay
s, A petition for the winding up of the North Stafford
vice, Iron, and Coal Company is to be heard before
,Chancellor Malins on Thursday next.
Let dividend at the rate of 6 per cent. per annum has
tivi7n declared by the West India and Pacific Steam-
-I,P, Company.
th ne traffic return of the Metropolitan Railway, for
zieieelr ending the 9th inst., shows an increase of
as compared with the corresponding period of
.867,
'week and the Great Luxembourg Railway for the
TL ending the 9th inst., an increase of £1,900.
To tie
peas has appeared of the French Atlantic
eg-r Company, which, under the title of
(Liu°:el6t6 du Cable Transatlantique Francais
c,tited,,,,
, ) proposes to unite France and America by
far from
running direct between Brest and a point not
the Vm New York. The concession was granted by
1,4; reach Government to Baron Emile d'Erlanger, of
Years, and Mr. Reuter, of London, exclusively, for 20
teens' fro
Sept. 1, 1869, while another has been
la
...red from the State Legislature of New York. It
60,'„°, proposed to raise a capital of £1,200,000 in
drouuo shares of £2O each, but subscriptions are invited
iEfal2l3r £1,000,000, the 10,000 shares representing the
Maid 11 ce of £200,000 having to be issued as fully
Tl:e.,in accordance with the terms of the prospectus.
£4l„uePosit on application is £1 and a payment of
the runst be made on allotment; but the payment of
.43 r 0 made
£l5 is divided into five instalments of
1,54`1, the last of which will not be due until the
taneo 4,43,-, 1869. Subscriptions are opened, simul-
us'Y with those in London at Paris, Berlin,
alubur,y
The,. Bremen, Frankfort, and Amsterdam.
15ch is a London board, of which Mr. Robert Lowe,
also
an and a Paris board, while Paris has
eeliti‘ol honorary committe of which among other.
The ent Men M. Drouyn do Lhuys is a member.
tia4general superintendent, the consulting electri-
the the engineers and electricians are all men of
erYrou first e •
g Is beminence and generally the undertak-
tien, get
out with all the advantages of sta-
vpithos ill 8)
and character. The length of the cable,
amouut
making allowance for slack, a sufficient
will be of which will be added, is 3,047 miles, and it
Oonat Manufactured and laid by the Telegraph
ructio
•c 920,00, and Maintenance Company for
secure ', under conditions of payment that
ere
will
efficient working. The Great East-
Donk ill be employed in laving the deep-sea
Sir Jan, under the charge of Sir Samuel Canning and
that i2ales Anderson ; and it may be here mentioned
the vp,q.,?..rder to obtain greater power of transmission
erea,e'dit,ht of copper in the conductor has been in-
(leep_e from 3001 b to 400 lb per knot. While the
at preesa_ Portion will be laid at similar depths to those
whicbaq ',e,tit laid, the new line will take a route by
'fie risks of icebergs and anchorage on the
t of
hes,, , - Newfoundland will be avoided. It is on
"uanks
ave that all the accidents to the existing cables
at 4aPnen
• .f 432 ed. The annual income is estimated
line Nlll
Ns. r find '°oo, at the rate of £2 per message
Vtle wat which rate it is estimated that the
constant employment, while the work-
-I.l° exPeas •
„rider eS will not exceed £30,000 per annum.
:eat th!lese circumstances it is reasonable to expect
1,41'011„13, undertaking, which has already been
willlY
„cepreceived, will prove a profitable investment.
-,,,tencie,'tallily be a great encouragement to the more
thl.' use of telegraphy between this country an 4
Ired States.

( -1 FRNINIENT FUNDS.
inTlvrlsa FUNDS—CLOSING PRICES.
93 i
per c
~ ent. Consols
94 31
a ultto for Account, Sept. 8
93i 4i 3/
IsliilewrVeOt• Reduced
941 31 4
1,4_ ~. per Cent
/27021 per Cent. Jan. 1894
A.,1 ' Per Cent. dan. 1873 .. —
tnties, SO yrs, expire sth Jan., 1880.
.1) 0. for 30 yrs, expire sth April 1885 —
,-,'-'?lo((litueedrS/36iallTs,e.£°16,01.a01)0,h2)'pAoll•igei
-.Jo.
11
Do, £5OO
.... 71
1908
13 ad
£lOO & £2OO
eta°- Ace. L
of England Sto ck .41 per Cent _
, ~ouni,
a'l 4
ent. II mills —
I •
"14N
°VP.i.NMENT SECURTTIES.
41)`101, %,/ock, 10fr Pe; Cont., April1874
O ' '-',Peniu,,, for Accoun, —
114 i 15
Co'
~`" Per Cent. July, 18311
104 k I I
13 • Per Cent., Oct. 1888
00. eortificatos
91
°. Enfaced Palk'', 4 per Cent
pu• 5 Per Cent., Jan. 1872
.D,,°' ',5.i pf‘r Cent May 1879 —
" 4 Per Cent.,itup." Dob. 1872 —
Do,
._do. 1877 .n, 1)0' do. 188,, —
pm
f),-; ~NI), 5 Per Cont., Aug. 1873
.._
Do' "°(18, per Cent., £l,OOO
1.441,,r £l,OOO
Pm
"RILES.
Ir()IL'IGN FUNDS—CLOSING .
Ati.;tt!tlus ii..,)ulir., 0 per Cont...
Ar,, .
pin
13r, ;',1:41. 1104:1s, 5 per Cent. 1853
1.p.a11. per ei,t,
1303' li PF,r Cent., 1852
I • do
1858
-i°' do.
.00. ~ 1810
Do. do.,
5 por c t 18.63
IJ A
‘,. en ~ 1865 .................
Rt°7‘-' ollut ....................... ...... =
, A.yros 6 por Cent
+Jo 2 per Cent. (Deferred 3 per Cont )