The Sun.
London, England, 1870-03-21 00:00:00

THE MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CeocK.
Business to-day in the Stock Exchange was ex-
tremely quiet, but in the foreign market some ex-
citement was apparent owing to the unfavourable
Levi's from Spain—the stocks of the country declined
tln railways the demand was limited, and for
banking, miscellaneous, and telegraph shares there
tas little or no demand:
Consols are now at 921 to 93 for money ; ditto,
,account, 938 ; Three per Cent. Reduced, 913
Stock, Three per Cents., 911 ; Bank of England
etock, 44 per wet, 2371.
Exchequer Bills £l,OOO, 2+ per cent., March,
I'dir:a•4; ditto £,lOO, £3OO, and £5OO, par.
-India Stock, 181 per cent., April, 1874, ;
per cent., July, 1880, 113 + 12+; ditto 4
APer cent., Oct., 1 888, 92+ ; ditto Enfaced Paper,
1, Per cent., 921 ; Corporation of London 41 per
Gent. Bonds, 1886, 1001.
4,1 n the Foreign Market there is a decline in Spanish,
"'',.e price now being 2 '7l to 271 • Turkish Fives are
'')6 to 47+ ; ditto Six per Cents., 69 to 691 ; Italian,
O. to 554. ; Egyptian (1868), 80+ to 81; ; Viceroy's
I.lnvett per Cents., 85+ to 861 ; ditto Nine per Cents.,
cf to 1001 ; Brazilian, 871 to 88 ; Portuguese, 321
ii';33;.Russian (1862), 861 to 86+ ; Orel, 87 to 871 ;
ch'e°laS, 69 to 691 ; Moscow, 83+ to 841 ; and
ltrkof, 82i to 831.
In the Railway Market the present prices are
n4„follows :-Caledonian, 772 to 78 ; Great Eastern,
4 to 38 ; Great Northern, 115 to 116 ; ditto
j,) Stock, 1171 to 118 ; Great Western, 66 to 661 ;
4cashire and Yorkshire, 1251 to 125+ ; London
Do 'Brighton 443 to 44i; London, Chatham, and
iser, 14+ to 151 ; London and North Western,
14‘.:1 to 1231; Landon'and South Western, 88 to 89 ;
tropolitan, 791 to 79+ ; Midland, 124+ to 124+ ;
• lio,
t,4"1,4 astern (Berwick), 1281 to 129 ; South Eas-
-41)'
Ir►
7 E4a to 75 ; and ditto Preferred, 1091 to 1092.
Aieri4ca.n Five-Twenty Bonds are 901 to 902 ;
sen-Portv Bonds, 86a to 871 ; and Erie Shares,
`1(..,1 to 22" " 4
Creat Luxemburg are 13 to 131 ex div. ; and
oalbardo-Venetian, 191 to 19+.
shglo-American and China Submarine Telegraph
Shan
are lower, being quoted at 171 to 171 and
I to•
1812 dis. respectivelS. British India Submarine
t
to 121; French Cable, 4 15a to 16 ; Falmouth,
to 3.9 9+ ; and Construction and Maintenance, 37
I '1 ex div.
111:.):A.iaBllannkceS, Shares Agra (A) are quoted at 111 to
13 to 14 ; Anglo-Austrian, 16 to 18
; London and Westminster, 591 to 601 ; and
pedal Ottoman, 3+ to 48 prem.
to Miscellaneous Shares Credit Foncier is 2+
tcp,s2; General Credit, 4 dis. to par; Interna.
14 Financial, 13 to 13 dis. ; Berlin Water Works,
11,4„ to 141; Hudson's Bay Company, 121 to 122 ;
Cilan Irrigation Six per Cents., 63 to 64; London
be)leral Omnibus Company, 21 to 21 ex div.; National
ti,:e°llll', 11 to 111; Peninsular and Oriental
fO srl), 421 to 431; and Royal Mail Steam, 551
61.
the Tanjore, from Bombay, has brought £6,040.
the " New Freie Presse of Vienna mentions that on
telilsth instant the day of the opening of the sub-
terP,;'„ons for the Turkish Railway Loan, applications
Of 7!,,0)000 obligations, out of the entire total
bl N.v,000, were made at the Anglo-Austrian Bank
tzehienna, and that transactions took place on the
filiat,,ange at 4 to 5 per cent. premium. The
tie);%
llim of the Anglo-Austrian Bank have also expe-
'eu a sudden advance from 358 florins to 373
e
pall, report of the Great Northern Telegraph Com-
-41,17;10f Copenhagen, to be presented on the 2d of
4rat`.,at Copenhagen, shows that the profits for the
if 6:4" months' working will admit of a dividend
after 66. per share:equal to 8 per cent. per annum,
tese carryiu g 10 per cent. of the net receipts to
boorve fund. During the period some of the cables
coknfing to the company were only in course of
seciePtetion, but they are now all in perfect working
It •
Qtie Is stated that the cable for the Jersey and
andt'Bey Telegraph Company is expected to be laid
49Pened between the islands in the course of a
the 1011, weather permitting. The materials for
and lines have been shipped.
r(ailitrr latest advices from Buenos Ayres describe the
miens of the tour just completed by Pr. sident Sar-
thle 1.,° through the interior provinces of the Argsn-
tett, i'lePublic, during which he visited the various
toh,lenients rapidly rising into importance in that
tet7t With the exception of the British Minis-
-44, lie was accompanied in his trip by all the repre-
-I.ratives of the foreian Powers, including those of
tolice and the United States, and the result seems
pb, ave created general satisfaction. The c'aief
leact of President Sarmiento was " to study for
poi elf personally the great field of colonization
Itaii in course of development by English, Swiss,
tii)tta.) and Germans," and his most sanguine
a frielPatiODS are said to have been surpassed. To
the ,:n;1 he wrote In the 19 colonies-, some of
shi.,-A(2 square miles in extent—l found the greatest
(4:tiance. In that of Esperanza, near Santa Fe
40:8,
in), the president of the municipality made an
tripil rarely; if ever before, heard in any co-
Pro Ita t Y
Here, Senor, we are all rich.' The tame
hri'Perity reigns in the others. In Frayle Muerto
esiPB young Englishmen have commenced to
4plezae the Pampas with the greatest success,
kh,,Prtg to it steam ploughs and the most perfect
ttj'lol agricultural machinery. Many of them
opet"'N rich, and they propose extending their
(10„,4'ions." In the settlement of Canada de
ti4„-Q,4 on lands belonging to the Central Argen-
be,;:tt'ailway, similar progress was found to have
kid raade. An instance is mentioned of a square
14 having been cultivated, sown, and reaped
the 'ell Months, the produce of which covered
of ptire cost of the purchase. In the province
la4,,e'aata Fe the colonists, it is officially reported,
the epaid within three years every dollar
fakir outlay expended on them, although each
Plon,lwas furnished with 80 acres of land, a house,
Illey") Yoke of oxen, and provisions for a year, and
obßepare all now independent. "One of these people,"
1144bea. the President, sho wed me a steam mill he
11:,lit at a cost of £lO,OOO sterling, and boasted
hilelg arrived with only £5 in his pocket." Bat,
t,c1,1411'" settlers of each nationality seem to be
I,`4ose ,Prosperous, the most popular immigrants are
"agro from the north of Europe, and especially
4re thi-lrien." Small farmers from the rural districts '
4)54 class preferred, and there is no encourage-
The °r the idle or inefficient.
tteotl failure of a broker in the Stock Exchange was
„la tilieeed this morning, with limited liabilities. He
~``erabi!,rBtood to have operated for a rise to a consi-
vf lste'Lextent in telegraph shares, the fall in which
The has been very important.
meat firm in the flax trade which stopped pay-
-1•;,010114"„linclee a few days ago is that of Messrs.
pay-
-001 at
and Co., but their liabilities are only
lth D; ',ol.llicil of India will receive tenders on the
‘41011,-?lntto for bills on Calcutta and Madras to the
£387,500.
vomb'Lureetors' report of the North British Railway
Itar,),ll'3' has been issued prior to the meeting of
hstelders, to be held at Edinburgh on the 31st
Jr diviot shows that the balance of revenue available
ta. is £178,763 11s. 2d., inclusive of £129
Thepreught from last half year.
Inarket opens very dull, with a tone of depres-
ur wheat., but without change in spring corn.

4 (3.
1,13,, .lIITISH FUNDS—CLOSING PRICES.
ett (1) • -.NILENT EUNDS.
.4k, wit. Consols
Ilipt,',;? for Account 93- tidt; 3ent. Re luced .......... 91i 1
°ltr 9, Per Cent
...... 911 1
doe 7 per Cent. Jan. 1894
,;;'), per Cen Jim. 1873 . .
h lies SO yrs, expire sth Jan., IbBo —
0(:). ' ox iro sth April 1885....
06t'r,32 Yr,,; 1 P h) Aug.,1908
Lti,„ au Sea Telegraph'. .
1)1'..,.r Hills, £l,OOO, 21 p. Ut. March._
b Do, 2i do. June —
i!‘ )
41t • £lOO, £2OO & £5OO par
14:111:ti.giani Stock, 41 por Cent ...
Lkth,CPent lag - •
44_7,4 per Cont. Bonds —
li, I,i'elottial Otnnittin
hti11'",14,14 G .2. VERNMENT SECURITIt,
7,0.ek, IOA per Cent., April 187,1 •
_—
,‘",,,Pening, for Account
P'Jo, I Par Cent. July, 1880 - 121
• ti,- Cent. Oct. 1888
,),
,'.,tteod Pal.e. 4 per Cent.. ~.... •••• L i)t,r Cert., Jan. 1872 .... ...... -
')- ,' Per 0,,-it. May 1874 —
Cant., finp. Dal,. 187"... —

I))
is'
thi 1)4 do. 1832..........
1)01101:iy per Cent: A ut.t. 1873
• 4ti„': Per Cont. £l,OOO
41,000