The Sun.
London, England, 1870-04-20 00:00:00

THE MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLooK.
There is a very decided improvement in busi-
ness on the Stock Exchange, and the advance of
Yesterday is further supported to-day by an in-
crease in the price of Turkish, Spanish, and Egyp-
tian. In Railway Shares alio there is a trifling ad-
vance in some of the lens, but in American Secu-
rities Erie have again fallen.
The rate of ditcount in the oi.en is 21 for first
class bills at three mouths.
The Corn Market opened with a slack tone, with
prices the same as on Monday.
Consols are now at 94/ to 941 for money ; ditto,
account, 944 ; Three per Cent. Reduced, 921 / 4
New Three per Cents., 921 / 4 4 ; Bank of England
*tcck, 41 per cent., 235.
Exchequer Bills £l,OOO, 2/ per cent., prem. ;
ditto £lOO, £2OO, and £5OO, par 5 prem.
India Stock, 104 per cent., April, 1874, —;
ditto 5 per cent., July, 1880, 1131 ; ditto 4 per
cent, Oct., 1888, 10014 1 ; ditto Enfaced Paper
4 per cent., •
In the Foreign Market Argentine Sixes are now
89to 921 ; Brazilian Five per Cents., 1865, 894 to
i ; Egyptian Seven per Cents., 1868, 80/ to
Italian Five per Cents., 1861, 551 to 55f ;
alexican Tbree per Cents., 14/ to 15 ; Peruvian
Five per Cents., 1865, 871 to 871 ; Spanish New
411ree per Cents., 1867, 28/ to 28/ ; Turkish Five per
c.,
irnts., 1865, 47/ to 48 ; ditto Six per Cents. 1865
.14 to 711.
10 Railway Shares Caledonians are quoted 741 to
74i;
Great Eastern, 414 to 41/ ; Great Northern, A,
128} to 129 ; Great Western, 72 to 721; Lancashire
and Yorkshire, 1311 to 131/ ; London and Brighton,
461 to 471 ; London, Chatham, and Dover, 164 to
16i ; London and North Western, 1281 to 129 ;
Metropolitan, 781 to 79.
French Telegraph Cable Shares are 154 15/ ;
Anglo-American, 171 to 17/ ; Falmouth, 94 91 ;
British Indian, 91 to 91 ; China Submarine, 11 to
toand Contruction and Maintenance, 37/
to 37i.
.„ American Five-Twenty Bonds are 884 to 881;
411inoia, 113 to 114 ; and Erie Shares, 204 to 204.
In Bank Shares Anglo-Austrian are 15 to 17
P,renl• ; Alliance, 121 to 131 ; Agra (A), 104 to 11;
Chartered Mercantile, 314 to 321; Consolidated,
1. 41 to 41 ; Imperial Ottoman, 31 to 3/ prem. ;
44undon and County, 484 to 491 ; London and West-
minster, 591 to 601 ; London Joint Stock, 33 to Si ;
and Union of London, 37 to 38.
For Miscellaneous Shares General Credit are
quoted $ to 4. prem. ; International Financial, 14 to
li diS• ; Berlin Water 'Works, 141 to 141 ; Hudson's
4ga.Y Company, 11/ to 12 ; London General Omnibus
elzpany, 2-5 16 to 2 7-16 ; National Discount, 11
tOl4 ; Peninsular and Oriental Steam, 424 to 431 ;
and
Royal Mail Steam, 54 to 56.
0 A letter from Paris states that authority has been
fficially given to the Comptoir d'Escompte for the
\ntroduction of the contemplated new Egyptian
waira) Loan in that city.
Letters from Alexandria state that two French
tilt.e alters one of them the Imperatrice, for the first
mils
went through the Suez Canal for China with
and passengers, and that both these vessels
has their fans, and were so far disabled. This
4aa ,created an unfavourable impression, and it is
Places
there had been sand drifts at the exposed
'aces caused by " Hamsin winds," which recently
relrailed. The Peninsular and Oriental Company,
ig said, in Alexandria have been waiting anxiously
the result of the experiment of such large
vessels
The creditors of the National Provincial Marin'
16th
Company (Limited) will receive on the
~
t inst. from the liquidator of the undertaking, a
nal dividend of 65., making with the previous dis-
"ributtons 20s. in the pound.
aThe report of the directors of the West Flanders
ailways has been issued. It is propo,:ed to pay a
vidend of ss. 9d. per share.'
It With reference to the South Austrian and Upper
aliPo Railways it is officially notified that the divi-
dlend for the year. 1869 has teen fixed at 25 francs.
e enty 'francs were paid on account in November,
'lng 5 francs to be distributed on and after the Ist
Of may.
v_4essrs.Huggins and Rowsell have invited applica-
-I;na for First Mortgage Bonds of the Chicago,
4"allville, and Vincennes Railway Company, to the
tille,'lnt of $1,500,000. The bonds are of $l,OOO
a tercet
and are offered at the price of £155 ; they bear
B.erest at 7 per cent., and are redeemable in gold
Par through an accumulative sinking fund, to
commence in 1873. They are secured by a first
-'4..°ltgage on 140 miles of railroad, its equipment,
fo!k, other property. A portion of the line is
'ted to be already constructed and to be opened
I' tram,•
ljt is announced that the coupons of the Denver
itrifi.e Railway Company's 7 per cent. Bonds, due
~,?f May next, will be paid on and after that date.
ri.,"-ne liquidators of Hodges' Distillery Company
Zi_raited) state that they have now paid all the
°!l3 (with interest) due by the company.
i,essrs. Alexander Collie and Co. send the follow-
Lig telegram from Manchester :—" Our market is
claiet, and
tract
Producers, being still heavily under con
Ilona'? adhere firmly to their quotations, which are
InaUy unchanged since last Friday."
iz,The advices from Rio de Janeiro by the present
de'Lt describe a strong feeling of returning confi-
vali ce in the money market. The rate of exchange
Per firm at 201 d. to 21d., and the Government Six
vents. Were quoted 85 to 88.

BRITISH FUNDS—CLOSING PRICES.
8 GOVERNMENT rUNDS.
par Cttto ent
u . Consols
94+,
, for Accout
I 1 it
Uer Cent. Re Weend 92k
'',ovv, 4
92} i ,i 1
New , per Cent
il 21 per Cent. Jan. 1894
A °' 6 Per Can J.tn. 1873
D
Ibttities SO yrs, expire sth Jan., leBo —
)(11. for 30 yrs, expire sth April 188 f, —.....
t,o (Red Sea Telegraph). Aug., 1908
.Litellerincr Rills, £l,OOO, 21, P• Ct- June --
Do Do. 21 do.pm
£lOO, £2OO & £5OO
2331
1340441c.00f En.gllnd Stock, 4} per Cent
044...3 Perling
,t,„ "•,,a 1 per Cont. Bonds
Ler-Colonial Uranium
1 Isr,,
...I,a• ---4. N uovERNmENT SECURITIES.
per Cent.,
rO. gtock 101 April 1874 2091
J..to, ,
D° Opening, for Account
1131
1.),?. per Cent. July, 1880
10t1 i i
I],v; 1 per Cent. Oct. 1888
A'• • Enlaced Papet 4 per Cent.... —ri
51 per
Cent., Jan. 1872
.•
Ao.' ..1 Per Cent. May 1879 ••• _ 0 per Cent., Rup. De-D, 1872
I))
do 18'77. . • -
D Do.
do. 1882 —
'• D
00 -r, eb9 per 6 Cent., Aug. 1873 .....
h • .ends, 4 per Cent., £l,OOO
e. 'ander £l,OOO — pm
U° A
m
FOREIGN FUNDS—CLOSING PRICES.
4 -
4rOntlne Riluepublic, 6 per Cent ... -
.et
••••
Illtrian Bonds 5 per cent
Bra tO. no. 1859 . —
04an 5 per Cent
o°. 11 per Cent. 1852
bet): do 1858....
1)0, uo 1860
tiodo., 1863
1, ' 5 Per Cent., 1865
89
t .-"0, Account
..
,-.tes Ayres 6 per Cent.
0 ''? 2 per Cent. (Deferred 3 per Cent. ... —___ 144 G p©r Cent
*OO
u,•1.1 per Cent...—. ........
I
;,o‘' ; Per Cent .
0 ......
I per Cent., 186 G - G Per cent. 1867
•••
a ooblan, 6 per Cent.
e u'Lsh. 3 per C(,nt., 1825
t..)1, G per Cent.
ti_aen Prnincipalities, 7 per Cent —
D?
~‘a. eon t
D° l' Per Cont. 1807 ............... pb....1., —