The Sun.
London, England, 1868-05-26 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE,

CITY, Two O'CLOCK.
The prospect of a splendid harvest ail over Europe,
the efforts of the present Government to insure peace
by bringing about a disarmament, with the extraor-
iinary character of the flow of gold to the Bank,
Sod the absence of apprehension concerning home
politics, have combined to encourage an animated
business in both English and foreign Government Se-
mrities. The advance in Consols during the past
!ortnight is 1 per cent., the present price being 95/ to
)5g for delivery. The chief feature in foreign stocks
8 the demand for Turkish. In shares there is no im-
orovenient, and the preparations for the settlement,
hieli concludes on Friday, form the principal busi-
ness in progress.
Discount is very quiet, at l to 11 per cent.
Consols show a further improvement of k, being
lealt in at 9lk to 0-1:4- for money, and 932- to 93k for
IL:soma ; New and Reduced Three per Cents., 932
to 937 Five per Cents. are steady at 116
to 116 ; Bank Stock, 247 to 219 ; and Exchequer
Bills, 55 to lOs prem.
Among foreign Government securities Turkish are
per cent. better than the advanced price of last
evelling, the present quotation being 37. New
n
patiish, Italian, and the Pasha Loan are firmer.
rhe quotations are :—Mexican, 151- to 16 ; Greek,
131 to 13.1 ; New Spanish, 361 to 365 ; Italian, 51
to 511 ; Egyptian (1864), 81 to 82 ; Viceroy's Seven
Per Cents., 721 to 721 ; and the Nine per Cents..
861 to 871 ex div.
American Securities are well supported. United
States 5-20 Bonds are better, at 714 to 711. Erie
shares unaltered, at 45i to 46. Illinois inquired for
at 954 to 96.
English railways are dull, at a decline of k per
cent., but are otherwise without feature. Lan-
cashire and Yorkshire are 123 to 1281- ; Midland, 1062
1071 ; South Eastern, 761 to 761 . London and
North Western, 115 to 1152 ; Great korthern, 102
to 10:3 ; ditto A, 96/ to 971 ; Great Eastern, 33/ to
31; Great Western, 522 to 531 ; Brighton, 51 I to
511 ; Sheffield, 422 to 431 ; Metropolitan, 111 to
1121 ; Caledonian, 741 to 751 ; and Chatham, 19 to
191.
In Foreign Railway Shares, Great Luxembourg is
higher, at 115 to 11ft ; Lombardo-Venetian steady,
at 141 to 15.
Bank shares are steady at yesterday's quotations.
Agra (A) is marked at 10 to 10i ; Alliance, 13 to 12 ;
A";;10-Austrian, 42 to 51 ; Chartered Mercantile, 27
to 28; Consolidated, 4i to 41 ; Imperial, 18 to 19 ;
Imperial Ottoman, / to 1 prem.; London and County,
52 to 53 ; London and Westminster, 71 to 72 ;
Oriental, 42 to 43; London Joint Stock, 35 to 36 ;
Union of London, 35 to 36.
Foreign mining shares are dull. St. John del Rey
is -A worse, at 171 to 184 ; Port Philip Mining, to
11 ; Chontales, 11 to 2.
In Miscellaneous Securities Hudson's Bay shares
are better, at 15;1 to 15k, while Anglo-American
Telegraph is k lower, at 22,i- to 227 ; Atlantic Tele-
graph Eight per Cent. a shade flatter, at 5 to 51 ;
Pore-street Warehouse, 2 to 1 dis. ; London General
Omnibus, lk to 2.
The failure is reported from Manchester of Messrs.
Nichols and Monk, manufacturers, of Halshaw Moor.
Their liabilities are said to be small.
The New York has arrived from New York with
£61,250 in specie, and the China with £90,000.
Liar gold, amounting to £76,000, was sent into the
Lank yesterday.
A Russian Loan of £1,200,000 was negotiated in
Amsterdam on Friday last.
It is understood that a Turkish Loan of £5,000,000
has been arranged at Paris with the Societe Generale.
It Will be a Six per Cent. Stock at 68, redeemable in
en or twelve years. It is not proposed to appeal to
this market.
A remittance of £16,675 has been received on ac-
count of New Granada dividends.
The Syndicate of the Agents de Change of Paris
have, it is stated, informed the Finance Minister of the
imperial government, that if the Austrian legislature
persists with the proposed tax on Austrian securities,
all Austrian stocks, without exception, will cease to
be dealt in or quoted on the Paris Bourse. The reso-
lution was notified simultaneously to the Austrian
minister in Paris, Prince Metternich.
The report of the London and Brazilian Bank, for
the half-year ending December, gives the net profits at
£9,922 Gs 11d, but the whole of this sum, as well as
the amount carried forward from the last account, and
£8,354 15s 4d from the reserve, has been appropriated
to meet losses on unpaid remittances. The reserve
fund now stands at £11,645 4s Bd.
The accounts of the London Chartered Bank
°f Australia for the year 1867 to be submitted
to the meeting of the sth June show a net
balance of £51,096 Os 3d, out of which the directors
lecoininend a dividend for the half-year at the rate of
8 per cent, per annum, free of income tax, leaving
£11,096 9s 3,1 to be carried forward.
Letters from France state that the temperature
throughout the country last week was exceedingly
favourable to vegetation ; and that, if complaints of
Nma of rain in the south be excepted, there was only
or
ne opinion as the promising appearance of the grow-
ing crops. An average fall of lf. to 2f. per hectolitre
liar
~ been established at all the principal markets below
Lae prices of the preceding week ; while large arrivals
continue to be reported at Marseilles, to sell which
1,1:e holders had to make considerable concessions.
The journal L' Ecol e A rieole expresses, however,
',°tlle doubts whether the reduced prices will not
be followed by a reaction, as they have been
Caused chiefly by foreign arrivals, which are not
likely to continue upon a sufficient scale to prevent a
reaction. At Marseilles on Saturday only one cargo
arrived.
The South Eastern Railway traffic return shows
this week an increase of £638 over last year. The
traffic of the Cape Railway for the month of March
was £5,030, against £4,244 in Marchlast year.
The following, in reference to the London Colonial
Wool sales, is from the Leeds 21f ercury :—" The
monetary question is one of serious moment, for the
total amount required to lift the two great sales of
colonial wool will touch between nine and ten millions
of money, to be added to which there is the English
clip, German fairs, &c., &c., so that an abundance of
money, and a low rate of interest, will have an im-
portant effect on the value of wool during the anxious
months of harvest, on the fruitful production of which
so much will this year depend. The general state of
the woollen trade can scarcely be quoted brisk, and
any variation from its present condition would tell
most seriously on the price of the raw material, the
growth of which is now ample, even for a good, sound.
and prosperous trade."
At the fifty-fourth annual meeting of the Scottish
Widows' Fund Life Assurance Society, held at Edin-
burgh on the 22nd instant, it was reported that assur-
ances had been effected in 1867 for sums amounting to
£811,411, yielding a premium revenue of
.£27,595, that
222, members had died during the year, giving rise to
Claims for £337,281, and that £169,876 had been
addedl to the realised fund, which at 31st December
,un amounted to £4,541,871.

BRITISH FUNDS—CLOSING PRICES.
tiOVERNMENT FUNDS.
3 Per Cent. Consols 951 1-
.. Cent. Consols
Account, Juno 4
I,llPer Cent. Reduced 93
II" 3 per Cent
T,'Pr 21 per Cent. Jan. 1894
."°• 5 per Cont. Jan. 1873
~nnuities, 30 yrs, expire sth Jan., 1880 —
DO. for 30 yrs, expire sth April 1885 l2 9-16
-L.lelioqu no (Rod Sea Televaph), Aug., 1908 —
Ea Bills, £l,OOO, 2 per Ot 9 12 pm
Do.
£5OO
Do. £lOO & £2OO
Bank of England Stock. 41per Cent 249 7
1)0. Account
1„
~. INDIAN GOVERNMENT SECURITIES.
mrt litock, 101 per Cent., April 1874 ... 2161 18
40. Account
O. per Cont.., uly, 1880
,-, 4 per Cent., Oct. 1888
uo• Certificates —
PO. Enlaced Paper 4 per Cent B9l
I°. 5 per Cent Jan. 1872
1-I."°' N- per Cent., May 1879 lO9
—0 0 Per Cont., Rap. Bob. 1872 lO2l
Do. do. 1877 —
, Do. do. 1882 —
"••• Deb., 5 per Cent., Aug. 1873
o. Bonds, 5 per Cent., £l,000
Do. -under .£1.000
O:OSREIGN FUNDS—CLOSING PRICES.
r .oiii
4 . , ntine Ropulic, 6 per Cent...
B_
tuitnan I3onds, 5 per Cent. 1859
ru• •
xd
por Cent
D 3. 4k per Cent., 1852 —
°• do., 1858..... ..
De.bO• d 0.,.,
1860 —
Do
1863 —
do.,
I)• 5 per Cent., 1865 —
B. -0 Account
".„."08 Ayres 6 per Cent —
(0.1..
4- yfit, ,
,i Cent.a2n6p6peeir,rere ntn . (Deferred
',OO. 41 per Cent —
v." ' 6 Per Cont., B —
,'"°•3 1867
t°, 7 Per ,Cent., 1866 —
0 ,i,°'',criP £32 paid
N„.°ll-mku,%6 per Cent.
D ~;"911 3 pmr Cent., 1825.. ~
,D''lbiall Principaities, i per Cent 721
OB Pc'r lu Cent., 1867 .............. ..... 79k
'..fad°r New Consolidated, 1. pct. Oen'. 13
i)0
4qYPtian! per 7 Vent
... ..., etond issue • ••• •
"J
-!,/,-). £4lO Bonds —
Do. o. 4100 Boilds B2 80
1861 —
Do
zo. 45:
Bonds
D ' —
.
0. £lOO Bonds
Govo— . • •••
Gr,,.,
,Lornaut Railway Debentures .... 92
ju- 0 Per Cent., 1824-5, ex Coups.
0. Account . . 13*