The Sun.
London, England, 1868-07-13 00:00:00

KOREY MARTiET

AND

00/AMERCIAL INTELLRiENCF,

CITY, Two o'CLocK.
Co change of importance has been established in
the Stock. Exchange, owing probably to the fort-
nightly settlement which commenced this morning
chiefly engaging attention. The Foreign Market is
heavy, though in one or two case 3 a slight recovery
is observable noon the latest prices of Saturday. Rail-
ways, for the most part, are steady in tone, but
inanimate. Tho Funds are stationary, but rather
good. The Swedish Railway Loan, which was brought.
out on Saturday, has been favourably received, and
it is quoted at 2 to 21 prem.
The demand for money remains without material
change, and supplies are, on all hands, very full. The
bcst bills are done at 1 to 1-1 per cent., and advances
0,1 the E",ock Exchange on Government Stocks are
obtainable at 1 per cent.
"he Erin and City of Washington steamers have
brought together £13,250 gold from New York ; and
by cable telegram we learn that the steamers which
left that port on Saturday will bring 1.250,000 in gold'
for Europe. Time Tanjore has brought £2,612 in
specie from Alexandria.
The English Funcls are steady. Consols remain at
94a to 941 for money, and 0/A- to 04 for account.
I\l'eve and Reduced Three per Cents., 941 to 94-, ;
India 5 per Cent., 1141 to 1151 ; Bank -Stock, 245
to 245 ; Exchequer Bills, 15s to 2ds prem.
Transactions in the Foreign Market are confined to
the more speculative descriptions. Peruvian have
been pressed for sale, and they are quoted at 79/ to
Spanish
being * below - the price on Saturday. New
opanish are unaltered, at 354 to 36 ; Greek, 13± to
131 ; Egyptian (1864), 82 to 83
United States 5-20 Bonds are dull at 721 to 73,
being / decline-
In the Railway market the only feature is an im-
provement of /- in Great Northern A Stock, the
present quotation being 96 to 961. Lancashire and
Yorkshire, 127/ to 1281 ; Midland, 1041-to 105 ;
South Eastern, 731 to 741 ; London and North
Western, 1131 to 111: Great Eastern, 36 to 364 ;
Great Western, 484 to 484 ; Brighton, 51 to 511 ;
Sheffield, 40/ to 411 ; Metropolitan, 114 to 1141 ;
Caledonian, 701 to 71 ; Chatham, 19 to 191 ; South
Western, 91 to 93.
New Russian Railway, 1/. to 21 prem ; Orel
Vitebsk, 831 to 841 ; Nicolai, 651 to 65/.
Finance shares are without change. General Credit
is quoted at 2/ to 2 dis.; Credit Foncier, 2k to 3 ; In-
ternational Finance, 1 to 1-a ; and London Finance,
22 to 20 dis.
In Foreign Mining Shares the dealings are merely
nominal. St. John del Rey is inquired for at 181 to
191 ; Port Philip, 11 to 11 ; Chontales, Rossa Grande,
7.16 to 9-16.
Miscellaneou's Securities are without change.
Angle-American Telegraph remains at 211 to 21' ;
Atlantic Telegraph Eight per Cent., 4 to 41 ;
Atlantic and Great Western Mortgage Bonds, 35
to 36 ; Hudson's Bay, 15 to 151.
Colonial Government Securities are steady. The
following are the quotations :—Canada 6 per Cent.,
,103 to 104 ; ditto 5 per Cent., DO to 92 ;
atturitius 6 per Cent., 102 to 104 ; New South
Wales 5 per Cent., 99 to 101 ; New Zealand 6
Per Cent., 110 to 112 ; Queensland 6 per Cent.,
I°3 to 107 ; Victoria 6 per Cent.. 112 to 114.
Dank Shares are very quiet. Imperial is 1 lower,
n,t 17;- to 18'2 Other descriptions are without
change
. Agra is quoted at 11 to 12 ; Alliance, 101
dis.; Anglo-Austrian, 4.1 to 51 prem. ex div. ;
Chartered Mercantile, 28 to 29 ex div. ; Consoli-
dated, 4?s- to 4/ prem.
and ; Imperial Ottoman, 11 to 1/
ex div ; London and County, 495 to 501 ; London
C Westminster, 69 to 70; do. New, 461 to 471
interest. ; •Oriental, 421 to 431 ; London Joint
Stock, 32 to 33 ; Union of London, 33 to 34.
have directors of the Manchester and County Bank
declared a dividend for the half-year at the rate
of 8 per cent. per annum.
• The arrivals of colonial wool in London, in antici-
pation of time next sales, amount to 149,423 bales,
chiefly from Sydney, Port Philip, and New Zealand.
'ices are well maintained, and for sorts a slight ad-
vance is willingly paid.
The sum of £250 000 in sovereigns was withdrawn
from the Bank on Saturday, on account of the Ar-
gentine Loan.
It appears from the allotment letters that the first
call or deposit of £4 per share is to be paid by the
loth of August, on the £l6 Five per Cent. prefer-
Fcce shares of the Midland Railway Company, the
issue of which to the extent of £2,000,000 was autho-
rised at the special meeting of the
shareholders on the
Ist inst.
The Massillia, which left Southampton on Saturday
for the East, took out £148,955.
The Rail way News has the following with respect to
the forthcoming railway dividends :
We think the following dividends may be declared ;
Per
Landon and 11/4.Zerth-Wcstern ... 44 or 5 against 51
Midland ... 4
f) 5
Laneaihire r.nd 'Yorkshire
... 7 64
Great Northern ... ... 41
Sheffield... nil )9
. „ 1
Berwick •.•
York " 5...
•••
f,
Leeds 2.1 , 24
•••
been Metropolitan or 7 „ 7
call
ompany of £lB per share, payable on August 10, has
made by the liquidators of the General Estates
C.
_ The dividend proposed to be declared by the New
Consolidated Discount Company is at the rate of 7±
Per cent. per annum.
Messrs. R. Raphael and Sons have issued the
Prospectus of the Swedish Government Five per Cent.
an "The loan is for the sum of £1,500,000 stock,
gulld. price of issue is £OO, or £BO 10a if paid in
Instalments
being allowed at the rate of 5 per cent.
iheeteenertsntxst2aslinents are due as fellows :—X2O on allot-
on the 16th September, £25 on the 16th
ember, and £2O on the 17th March, 1869.
is payable half.yearly, commencing from
the Ist •
,_ Inst., and a sinking fund of 1+ per cent. of the
inurn?.rinezatl amount of time loan, together with accummulated
the
, w
andpurchase
ill be applied to the redemption of
rail bonds. It is announced that the loan is required for
mll y purposes, and accompanying the prospectus is a
ci
wrcent_leanry ofb . the last report of the Committee of Finances in
d 'eh shows that the amount expended by the State
ea railroads exceeds the total State debt, while the in-
come derived from them at
present is only, ,000
of the Large both for interest and sinking£lol fund ofshort the
entire Mate debt."
The Alexandra Palace Cumpany have determined
to offer to the public the remaining 5,000 £2O 6 per
Cent. preference shares, to be
paid in the following
manner :—I2 on application, £3 on allotment, and
£5 on the Ist of Oct., Jan., and May. One great
advantage that will attach to the holders
of preference stock is the right, for every
£l(in
"' of stock, to nominate to one free admission
for the Palace on all ordinary occasions ; but irre-
faective of this the investment of capital in the under-
f a ki
n
g
seems to be a very profitable thing. The
estate
and Palace is everything that could be desired,
stiellilities are daily being increased in order to bring it
closer to the metropolis, although it is now within
king distance, and such energetic and substantial
el
have the direction of the affairs of the corn-
Pant that the result of the speculation seem a thing
~,rlired• The races lately held in the park, although
:e7,t allowance ought to be made for a first
4:llfullormQe ane...7
gave a return much beyond the
. expected,
hue but when the magnificent
°Pe°
building filled with the treasures of art, is thrown
t
rev, ° the general public, a solid source of
ue will become open to the shareholders
that Fill
analo4,l atilply repay them for all their trouble
en,e aY• It is the desire of the directors to
the Alexandra Palace and Park auxiliary to the
great
(len institutions of the British Museum, Kew Gar-
the-sEs'tha,lid South Kensington, in creating a taste for
art of the productions of nature, and of works
a ,
aDtt industry of all countries. They also Pro-
, hold,
Aug floral and musical festivals, and as these
direet-ego, ,
"8 nave always been remunerative in other
dotib:4oo, there is no reason why they should not be
bY Alesi the delightful sylvan spot now occupied
anr Palace.

(iov4TRIXIRIESN-rif 11:trUxID. S —CLOSING
a Per Cent. Consols . .
9911 I I
PRICES.
Ditto fo A. • t..
6
3 0 , r ocean , ug.
Vtie elr:,Cent. Reduced 941 I i
.3
ery
,s's per Cent ........ . .................. UA t
...... 8
1., 41 per Cent. Jan. 1891
')' 5 per Crent...) an. 1873
•-+ inuities 30 yrs expire sth *him , Mi —
be. for 3) r, 7 p".t 5t April 183
1)0 (14,,ig Y 4, '3X I'° , N tiler 1908••• 24
x ~
ea '1 elo;„rapn ), .• tli .20
fjoioriner Bills, £,OOIP, 2 per Gt ......... _ _
Do:
4Cslo°o° &...£2..0.0 22g15
Iliult of En ln d Stock, ,li Cent
1) 4 g 4
.. pot'
°* CCOllllt
................
Luoriuki rl
di, `,, - -....ovtuNDIENT SECURITIES.
4117
~oek, 10f per Cent., April1874
D° 6 `-'L'elniur,, for Account
1-1741 15
bo°: 4511::r g'ont..luly, 1880
, -. out., Oct. 1888 ............ _
• Ett no d l'aptn. 4 per Cent
Do°. (erft liecates
°. 5 Per Cent., Jau. 1872
Do
• 5i per Cent., May 1879
D 5 per Cent , RTIR Deb. 1872
r,;. b:10°: • o-: 1877 — do. 1882
beb., 5 per Cent., Aug. 1873 .....