The Sun.
London, England, 1870-04-07 00:00:00

THE MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.

Although biliness is not very active on the Stock
Exch Inge to-day Consols firmly maintainel the ad-
vance of yesterday. In the Foreign Market Turkish
mid Italian are firm, but Spanish and Russian have
receded. In American Securities there appears to be
little business passing, but in the Railway Shares
we have to notice an improvement in Great Northern.
Tel-graph Shares are dull,' and in Banking and
Miscellaneous Shares little business is doing.

The weekly meeting has not resulted in any altera.
ticn in the official rate of discount.

Consols are now at 93i to 931 for money; ditto,
account, —; Three per Cent. Reduced, 92 1 ;
New Three per Cents., 92 f ; Bank of England
stock, 41 per cent., 237.
India Stock, 101 per cent., April, 1874, '2OB ;
ditto 5 per cent., July, 1880, 1131 13 ; ditto 4 per
cent., Oct., 1888, 1001 1 ; ditto Enfaced Paper
5f per cent., —.
In the Foreign Market Brazilian (1865), is now
quoted 88 to 88i ; Danubian Seven per Cents., 871
to 881 ; ditto Eight per Cents., 961 to 971 ; Egyptian
(1868), 80/ to 81 ; Italian, 55} to 55f ; Turkish Six
per Cents. (1865), 70 to 701 ; ditto Five per Cents.,
461 to 471 ; Spanish, 28 to 281 ; and Russian
(Nicolas), 69 to 691 ; and Moscow, 84/ to 85.
In Railway Shares Great Northern are higher, at
117 to 118 ; the A Stock, 1241 to 125. Metropoli-
tan is marked 78 to 781 ; Great Eastern, 391 to 391 ;
London and North Western, 125 to 1.251; Midland,
1251 to 1251 ; Lancashire and Yorkshire, 128} to•
129 ; Great Western, 694 to 691 ; South Western,
88 to 89 ; London and Brighton, 441 to 451 ;
Caledonian, 78/ to 78/ ; and South Eastern, 761
to 761.

American Five-Twenty Bonds are 91i to. 911- ;
Ten-Forty Bonds, 861 to 871 ; Illinois, 114 to 115 ;
and Erie Shares are 21f to 21k.
Lombardo-Venetian are 181 to 19f ; and Great
Luxemburg 13i to 141.

French Cable Telegraph .Shares have improved to
164 to 16i ; Falmouth, 811 to 91; Anglo-American,
to 17:1; British Indian, 81 to 91 ex div. ; China
Submarine, 1.1. to 1/ dis. ; Construction and Main-
te:;ance, 36f to 37.

In Aliseellaneous Shares Credit Foncier are quoted
21 2 ; General Credit, i prem.; International
Financial, l 1 dis. ; Hudson's Bay Company, 121
; Italian Irrigation Six per Cents., 63} 64}
London General Omnibus Company, 21 2f.

The sum of £9,000 in bar silver was-purchased by
the Bank yesterday, making, on balance, a total of
£27,000 since the date of last return. The influx is
expected to continue, there being no demand for the
Continent.
The Alexander Duthie has arrived from Melbourne
with £30,500 in gold, and the Essex with £lO,OOO.
The amount of Australian gold known to be now on
the way to England is £416,500, but the bulk is not
due at present.
It is officially announced that the sum of £63,745,
being one-fourth of the surplus revenueof the United
Ringdom for the year ending December will be ap-
plied towards the reduction of the National Debt in
the quarter ending June next.
The Crown Agents for the Colonies will receive
tenders on the 7th instant for bills of exchange on
the Government of Ceylon to the amount of
£25,000.

The Magdeburg Lausitzer (Prussian) Railway
have issued a prospectus, inviting subscriptions for
8,000,000 thalers, or £1,200,000, less 3,000,000
thalers, or £450,000, which has already teen locally
subsctibed. The line 4,106 miles iu length, and is
project:d to complete a link much wanted to facili-
tate direct communication between East and West
Prussia, so as to avoid the necessity of passing
round by Berlin.
It is announced that the Bank of Montreal has
established an agency in London, the local directors
being Mr. Robert Gillespie, Sir John Lubbock, Mr.
Brice H. Pearse, and*Sir John Res.!.

At a meeting of the creditors of Messrs. Bolton
and Co., of Manchester, the liabilities were estimated
at £15,654, and assets at £1.2,000. A committee of
investigation was appointed.
The report of the Great Western Railway of
Canada, to' be presented on the 13th inst., recom-
mends a dividend on the ordinary shares at the
rate of 5k per cent. per annum, which will absorb
£97,642, and leave £2,054 to be carried forward.
The Submarine Telegraph Company and the
Jersey and Guernsey Telegraph Company hive
made arrangements for the working of a cable to the
Channel Islands, which is now ready for submer-
sion ; but meanwhile a private contractor has at-
tempted to lay a cable of his own, without any offi-
cial authority either on this side or at the islands.
The Government have, therefore, promptly deter-
mined to stop the landing ; since, if opposition
cables can be laid directly in a track previously
/narked out for occupation by an original undertak-
ing, no property of this kind will be safe.
Telegraphic communication with India appears
now to be efficiently established. A message was
received yesterday, through the British-Indian Sub-
marine, at 1 p.m., from Bombay, dated 1 35, the
transit, allowing for difference of time, being thus
about four hours.

BRITISH FUNDS-TWO O'CLOCK.

~ GOVERNMENT rUNDS.
0 per Cent. Consols 931 1
Ditto for Account —
!,Per Cent. Re luced
New 3 per Cent
New 21 per Cent. Jan. 1894
Do. 5 per Can Jan. 1873
Annuities, 30 yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1881. —
Do (Red Sea Telebraph), Aug., 1908 —
E rcliequtr Bills, £l,ollb, 2f p. Ct. —
Da. 2} do. June —
Do £lOO, £2OO & .C5OO —
Bank of England Stock, 41 per Cent
Do. opening —
0 tuada 4 per Cent. Bonds
later-Colonial Ornnium
INDIAN GOVERNMENT SECURITIES.
IDdia Stock 10} per Cent., April 1874 2OB
Do. Opening, for Account ll3
D. 0 per Cent. July, lit 80
Do. 4 per Cent. Oct. 1888
1) ). Enfaced Pape. 4 per Cent..,......, — j
12 ~ 5 per
Cert., Jan. 1872 • ...... ......
-1-1). 5f per Cent. May 1879........... .....
Do. 5 per Cent., Rup. Da 'o. 1872.... —
D) do 18'"'..... —
, Do. do. 1882 —
J-, .. Deb., 5 per Cent., Aug. 1873
Uo Bond 4 per Cent., £l,OOO
Do. under £l.OOO

FOREIGN FUNDS—TWO O'CLOCK.
Argentine Republic, 6 per Cent
90,i- i
pe Acunt
Aultrianm 13onds 5 per cent .., —
Do. 1859
Brazilian 5 per Cent
Do.q pedoBsBr
18 52....
Cont. 1
84
1)0. Co 1860 —
d0., Po.
"0
00.
Ac per tent.,
ntent., 1865
.
B .enos Ayres 6
per
Cent.
..
Do 2 per Cent. (Deferred 3 per Cent —
Ua, per Cent.
C\L Lan 6 per Cent
De. 44 per C0nt...,.. ........ ... 761
D.) .
. 3 per Cont.,
_
o 7 pf-n* Cn 1866
uo. 6 per cocot.t X
1867 981
13 Liiiati, 6 per Cent.
bluish, 3 per Cent., 1825
Dani.bian Principalities, 7 ler Ceti' ••••
Do Account
E 2u
Do 8 per Cent 1867
dsr N.,v (;r.tisc)li.lated, 1 per ()en; ...
-E
Do •wptian, fir t..., . .... Bii I
F4ecood IsF,ue
1-)0. £5Ol, Bonds
••• ....... • ..
Do. 1864
DO. 4500 Bonds
90i........... ....