The Sun.
London, England, 1870-03-07 00:00:00

(From the Wail-street Journal.)

FRIDAY EVENING, Feb. 18.
Money on call continues in ample supply at Five to Six
per Cent., with some exceptions at Four par Cent. Dis-
counts continue easy at Six to Seven per Cent. for prime
acceptances, and for single names at Seven per Cent and
upwards. Gold continues heavy- at 119 to 119 f, at which
latter figure tho market closes.
Government Bonds are steady, but the transactions are
few.

Sixes, 1861, registered .. , ................ .... 1171 to 118
Sixes, 1881, coupon
Sixes, 1868, coupon ... .................. . —to
U.S. 6s. Pacific Railroad . ..... 1111 to 1111
Five-twenties, 1862, registered ; ..... 1141 to 1111
Five-twenties, 1862, coupon ............... 115 to 115}
Five-twenties, 1864, coupon .. .............. 1141 to 1141
Five-twenties, 1865, coupon
Five-twenties, 1855, coupon, new
Five-twenties, 1867, coupon
U.S. 5-20 Coupons, 1868 ll3l to 1131
Ten-rortiea, coupon ll2l to 1121
Ten-forties, registered
Oregon War Loan, Sixes 1881 — to
Southern State Bonds are lower, especially Louisiana's,
Teunossees, Virginias, and New North Carolinas, the lat-
ter of which continue to be thrown on the market in large
lote.

Railroad Gold Bonds continue to be taken rapidly, both
by home and European Investors, and we note.that many
of those recently advertised have been absorbed. We lu ar
of a negotiation of $2,250,000 by one of the new Wefitern
roads, of Six per Cent. Gold Bonds, of which a million and
a half of dollars go to Holland, where a pr,vioni negotia-
tion for the same company was effected some mouths
ago, and for the Frankfort market a large amount of the
Bonds of another Western road has been taken by Selig•
man Brothers, of New York,
New York quotations for r
N. Y. Central 6s, 1883 891
N. Y. Central 6s, 1887 88
N. Y. Central 6s, It Est 87
N. Y. Central 6s, Sub'n 87
N. Y. Central 75,,1876-100
N. Y. Cen. 78, con. 76 —
Erie Ist Mort, Ex 9Bl
Erie 75, 2d Mort, 1879 95
Erie 7s, 34 Mort, 1883 92
Erie 7s, 4th Mort, 1880 B4
Erie 7s, sth Mort, 1888 BOl
.Long Dock Bonds
Buff. N.Y. &E. Ist M,'77 9O
Hud. R. 7s, let M, '69 101+
Had. R. 7s, 3d M, '75 101
Harlem Ist M, '6B '72 103
Mich. C. Ist 31, 69'72 103
Mich. new Ist M 85,'82 —
Mich. So., 7 p. c 2d 31 97
N. Ind. Goshen Line '6B
M.ich.S.&N.l.S.F'd7p.c.lool
111. Cen. 7 p. c, '7O 110
Alton & T. H. let M
Alton &T.H. 2d pfd
Alton &T. H. 2d M. Inc 741
Han.&St.J.LandWrntsloB
Han. & St. J. Con
,Chi. B. & Q., Ist M 111
Chi. & N. West, S. F 93
Chi. & N. W. Con Cony 9Ol
Cul. & N. W. Int B B9l
& N. W. Ist M 93i
Quincy & Tol, Ist M, '75 70
111. & So. lowa Ist M 7O
Gt.Wesf. Ist M, 'BB B7
Gt. Western 2d M '93 7B
Tol. & Wab. Ist M Ex 9O
Miscellaneous Stocks do not show much animation
excepting in Pacific Mail, which, spite of the report that
the subsidy to the China route will be reduced one-ha
flags at 42}.
N. Y. Cent. & Hud. Rr 971
Erie

•ailroads and mortgages.
Tol. & Web. Equip...-. 75
Mil. & Pr. du Ch. let M..

Gal. & Cnic. Ext. - - 98
Gal. & Chic. 2d M 93
Chi. & R. I. Ist M 102,
Chi. R. I. & Pacific 7's 9B'
Clove. & Tol. S. Fund 99
N. J. Central Ist M 102
N. J. Central 2d M 9B
'Pitts. Ft.W., & Cb. Ist M 105
Pitts. Ft. W., & Ch.2(131 96
Pitts. Ft. W.. &Ch.3d M 9O
Cleve. & Pitts., 4th M 74
Chic. & Alton. S. F. Inc —
Chic. &Alton:S.F. lstM 97
Mil. & St. Paul Ist M 92
Mil. & St. Paul 2d II B3
Marietta & oth. Ist M B7
Morris & Essex Ist M 100-4 J
Morris & Essex 2d M
Joilet & Chic. Ist
Chi. & Gt. East% lstM... 75
&N.H.68.. . .. 96
Dubuque &S.City,ls . U 92
Peninsula Ist M BB
Ohio & Miss. Ist M 96
Ohio & Miss. Con Bl
Tol. P. W. Ist M. E. D._ 78
Atlantic & G. W. 2d M.
IDel., Lack., & W., 2d M.lOO
Lake Shore Div. Bonds 85
Cleve, P. & Ash. N.B —
Do. 0.13 —
Union Pacific Gold B._ Bfl
Central P.RR. Gold B 9( t
Pacific RR. guar. by Mo 95

'Pacific Mail 42i
Atlantic Mail
Quicksilver
W. U. Telegraph

Reading
Rich. Central l2l
Illinois Central
Cleveland Jr Pittsbrg 92
Chi. & North-Westl 731
North-West Prefereed 89i
Canton 5B
Rock Island
Cleveland and Toledo
Fort Wayne 9lk I

Miraposa — 9
Mariposa Preferred 2O
Ohio and Mississippi 31•
Boston Water Power 16,
Cumberland
N Y and N Haven 1361
M & St. Paul
MJr St. Paul Preferred 79-i
QUOTATIONS FOR SPECIE.

Amer. silver... 96 to 97 Eng. sovs 485 to 487
Mex. d011ar5...1031 „ 101 20 francs 384 „ 386
Eng. silver 470 , 480 Thalers
Five francs .... 96 „ 97
Express Stocks are dull. We quote :
Adams 62} to 62}
American Merchants' Union 37} to 371
Merchants' Union, old Stock 8 to 8}
United States
Wells, Fargo, and Co 201 to 231-
FOREIGN EXCHANGE.
Sixty Days. Three Daya
London Bankers lO4-1081 1091-109 f
London, Prime Commercial 108}-108/
Paris, Bankers
Bremen, Bankers
flamburgh, Bankers 34-36 •••• •••
Frankfort, O.M. 4oi-404
Berlin and Cologne
Antwerp 5.211-5.171
Amsterdam, Bankers
I
Swiss 5 2l}-5.171

In view of the agitation in Congress in regard to a re-
distribution of the currency among the States the follow-
ing may be of interest. It shows the National Bank ca •
pital and circulation in the States named. The figures,
as far as they relate to the Northern States, aro taken
from the report of the Comptroller of the Currency to
Congress at the beginning of the present session. Those
relating to Virginia, North Carolina, South Carolina,
Georgia, Alabama, and Lousiana are taken from the re-
ports made to the Comptroller under his last order :
State. Capital. Circulation.
Massachusetts 585,082,000 $60,104,670
Rhode Island
Connecticut
New York 116,284,941 76,057,510
Pennsylvania
New Jersey
Maryland 12,790,202 9,436,780
Ohio
Indiana 12,902,000 11,391,695
Illinois
Virginia
North Carolina
South Carolina .. 854,700 218,000
Georgia 1,500,000 1,147,800
Alabama
Louisiana ....... .......

(Extract from Monthly Circular of Messrs. Henry Clews and
Co., New York, Feb. 15.)
The Funding Bill introduced in the Senate has had
little influence upon either the home or foreign markets,
mainly owing to the uncertainty whether the House will
accept the substantial features of the measure. Should it,
*however, prove that the Secretary of the Treasury is au-
thorized to negotiate a 41 to 5 per Cent. gold bond, free of
taxadon, Five-T weu ties would, in all probability, approxi-
mate closely to par in gold ; such is the confidence felt in
the feasibility of necotiating a loan at that rate. The
future course of the market must depend largely upon the
extent of the Government purchases of Five Twenties.
Should the Secretary of the Treasury feel at liberty to ex-
tend his purchases to about the scale of the clo3iug months
of last year prices could scarcely fail to advance, from
the scarcity of stock ; but, from the tenour of our advices
from Washington, we deem it doubtful whether Congress
would sustain Mr. Boutwell in such a course. It appears
to be the policy of the Committee on Ways and Means to
discourage any immediate measures for funding, and to
aim at indirectly enhancing the public credit by reducing
the duty on imports about V 0,000,000 and the internal
taxes about $30,000,000. This policy would meet with
the general sanction of the business community ; although
it would necessitate a material reduction of the Treasury
purclutseo of bonds.

~w ~~ 1,

MONETARY REPORTS—Saturday.

There has been a continuance of firmness in tke Stpeg
Exchange markets to-day, notwithstanding that the acts
amount of business concluded has been only modero
Consols have been steady, at 92* to 92ff for money ali(l_,.thwe
9th inst., and 920 to 93.2 for April. Reduced and M
Three per Cents., 91i to 91# x d. Bank stock has lorkei
240 to 242 ; Metropolitan Board of Works, 93i to
India Five per Cents, have been done at 111 k to 112,
India Bonds at 20s to 25s prem ; Exchequer Bills, 23 ail
to 3e. par.
With the exception of Metropolitan, which has beep
dull, and * lower on realisations, the market for Bngll'
railway stocks has been firm, and a further advance 11,1,'t5
taken place in prices. Great Northern A and N°r`'.
Ea,stern ;Berwick) have improved 1, South-Eastern
been better, whilst Great Western, London ar
Brighton, S.,ondon and North-Western, London, CliathA
and and Manchester, Sheffield, and Lincolnshire'
each chew an anvance of
Firmness has been the feature of the market for foreV
bonds, and an almost general advance has taken Place
Prices. Honduras have risen 2 ; Italian (Mareinan°,
Railway, 1; Spanish (1869) and Turkish Five per Cents, t'
Peravian (1562), Russian (1822), ditto Anglo-Dutch, j
and Chilian Scrip, New Granada, Russian (1-87°):,
Turkish (1869), per cent. Brazilian (1865) have foe'
per cent.
For American securities there has been a fair irlir n
at enhanced rates. The Five-Twenties (1887) and,
Forty Bonds have risen Virginian *, and Erie and
nois Shares *.
Indian railway stocks have been steady in vealiv an
inquiry. Canadian shares have been firm. Grand Tr"-,4
have advanced , and Great Western *. Foreign sh%
have been dealt in to a moderate extent, at ste'"

prices.
Bank shares have been dealt in to a moderate extent,
full quotations. For mining shares there has been 010,
moderate inquiry.
In telegraph shares the business doing has been lime'
and the only alteration at the close of business *O•6
adiance of in British Indian Submarine. it
Hooper's Telegraph Works shares have been firmer' ,e
an advance of /, the quotation being g to * dis.
Indiarubber and Telegraphic Construction shares have 1'
unaltered in value.
For miscellaneous securities there has been but litee
inquiry, at about previous quotations.
nort'
The money market has been without feature of inlr tio
ance. The supply of capital has been, limited, but
demand for accommodation has not been active. lwv

months' paper has been charged 3 per cent.
The sum of £lO,OOO has been sent into the Bank to-d3,Yt:
The Pera has taken out £110,935 in specie for the 3..;.0
A prospectus has been issued of the Franco-Y:0'00106
Telegraph Company (Limited), with a capital of VA 3
in £lO shares ; £1 per share to be paid on allotment, •
the remainder in three equal instalments, falling dins
the 11th of April, 10th of June, and 10th of JulY• „31
company is formed to provide a direct line of telegniret
between England, France, Algeria, and Egypt, here3fel
to be extended to India and China, as may be deternlo
by the shareholders. The French Government ,
granted the right to lay down the cable, nilu
contract has been entered into with the Indisrubuer,
%.
Gutta Percha, and Telegraph Works Company to n3lOO
facture and lay the cable a length in all of about !',l
miles, for the sum of £394,000, the whole to be eorcee"
by the end of the current year.
The directors of the Surrey Commercial Dock Co nPsill
recommend a dividend of 3 per cent. per annum. p
The Crown Preserved Coal Company have dechuv.
dividend of 4s. per share for the half year.
The failure has been announced of Mr. Peter Jac noo,
of Ancoats, Manchester, with liabilities for about Vs'"-