The Sun.
London, England, 1870-02-21 00:00:00

DIONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
On the Stock Exchange to-day business com-
menced rather briskly. Consols were steady, but
in the Foreign market the tendency was downward.
In Railway, Banking, and Miscellaneous shares
business is very restricted.
Consols are now at 921 to 921 for money;
iitto, for Account, 921 ; Three per Cent. Re-
duced, 92 s ; New Tkree per Cents, 928 1 ;
ditto Red Sea Telegraph, August, 1908, 19 5.16 ;
Exchequer Bills £l,OOO, March, par to 5 pm.; June,
prem. ; ditto £lOO, £2OO, and £5OO, March,
prem. ; June, 2 dis. ; Bank of England Stock, 41
per Cent., 2 .0.

India Stock, 101 per Cent., April, 1874, —;
ditto 5 per Cent., July, 1880, 111 i ; ditto 4 per
Cent., Oct., 1888, 101 1004 ; ditto Enfaced Paper,
5 per Cent., 1872, —.
In the Foreign Market Egyptian (1861) is now
901 to 011 ; ditto (1808) 1, at 771 to 78. Italian
and Peruvian are also worse, the former being
marked at 541 to 541, and the latter at 784 to 791.
Spanish is flat at 27 5-16 to 277-16 ; Turkish Five
per Cents. are also a shade lower, at 44a to 444 ;
while the Six per Cents. (1805) are I higher, at
674 to 68i. Russian Stocks are steady. Argentine
is without change, at 861 to 8641. Russian Scrip
is firm, at-31 to 38 prem. ; and Turkish Scrip is in
good demand, at 31 to 38 prem. New Chilian is
dull, at a to 1 prem. _

In the Railway Market the prices are now :
Caledonian, 77 to 77i ; Great Eastern, 388 to 381;
Great Northern, 116 to 117 ; ditto (A), 117 to
118 ; Great Western, 63/ to 631 ; Lancashire and
Yorkshire, 1281 to 1281 ; London and Brighton,
42k to 428 ex div. ; London, Chatham, and Dover,
15 to 151 ; London and North Western, 1241 to
1241 ; London and South Western, 93 to 91 ;
Metropolitan, 77/ to 77i ; and Midland, 1231
to 124 ; North Eastern (Berwick), 128 to 1281 ;
and South Eastern 76i to 77.

In Bank Shares prices are without change. Agra
(A) is quoted 111 to 12 ; Alliance are 121 to 131 ;
Chartered Mercantile, 32 to 33 ; Anglo-Austrian,
15 to 17 prem.; Imperial Ottoman, 3 to 3,;. prem.;
London and Westminster, 601 to 61f ; London
Joint Stock, 321 to 331 ; Union of London, 361 to
378 ; and London and County, 48 to 49 ex
American Five-Twenties arc 881 to 888 ; Eries
are 214 to 22; ; Illinois, 110 to 111. Atlantic and
Great Western Railway Bonds, 291 to 30f ; ditto
Debentures, 321 to 331.
Lombardo-Venetian is 191 to 19; ; and Great
Luxemburg, 14 to 144.
In Telegraph Shares Construction and Main-
tenance are now at 431 to 431 ; India Rubber, 59
to GO ; Hooper's I'Vorks, s to 1 prem. ; Anglo-
American, 17k to 171- ex div. ; French Cable, 161
to 16} ; British Indian Submarine, 141 to 14'1 ;
and China Submarine, 11 dis. to par.
The corn market opened rather dull at last week's
rates.

There were no bullion operations of importance
at the Bank on Saturday.

The Macgregor Laird, from the West Coast of
Africa, has arrived with £2,640 ; and the Pera, from
Alexandria, with £4,640. The Bangalore left on
Saturday for the East with £184,946 in specie.
Messrs. J. Thomson, T. Bonar, and Co. announce
that the second half-yearly drawing of the sink-
ing fund of the Guatemala Loan of 1869, amount-
ing to £7,700, will take place on the Ist of March
next.

Messrs. Baring Brothers and Co. have invited
applications at the price of 87 for £619,800 Five
per Cent. Bonds of the State of Massachusetts, re-
deemable by a sinking fund in 30 years, and bear-
ing interest from the Ist ult. The adjudication
Will be made on Friday next.
Proposals have been issued by Messrs. Huggins
and Rowsell on behalf of the Denver Pacific Rail-
way Company, for a loan of $1,500,000, in bonds
of $l,OOO each, bearing interest at the rate of 7
per cent., and secured by a first mortgage on the
line, and on 800,000 acres of land.

The directors of the Societe du Cable Transat-
lantique Francais have issued their report i❑ anti-
cipation of the general meeting to be held in Paris.
They state that the trail: of the line continues to
increase, and that the average amount received
since November has been £1,866 per week, which
is considered satisfactory, regard being had to the
period of the year. A dividend of 7s. per share,
equivalent to the rate of 4 2-3 per cent. per annum,
is proposed.
Advices from Athens state that the contemplated

Greek loan has been withdrawn in consequence of
the protest from the Exchanges of Amsterdam and
Frankfort to the bankers in Paris. Meanwhile the

Government, to raise money, have sold 125 shares
they held in their bank at 2,010 drachmas (the par
price being 1,000 drachmas), and the premium 1,010
drachmas), thus obtaining £8,300. The shares
of the lonian Bank, which is managed by London
directors, arc at £2 discount on £25 fully paid up.
Hence it is observed :—" It seems that if English-
men do not trust Greek institutions, the Greeks do
not trust English management." The works for
cutting the Isthmus of Corinth have been offered to
be contracted for by M. Chollet, under M. Piat,
the engineer ; but the confirmation of the Chambers
is required to amend the law, the terms demanded

being an increased grant of land of 3,000 stremmas,
in addition to the 2,000, on each side of the canal,
the right to all mines that may be discovered, and
also to the forests, with the option of making rail-
ways from Athens and Corinth to Turkey, and
from Corinth to Patras. The caution-money is to

be £lO,OOO, and they are to begin within 18 months.
No certainty, however, seems to be felt that the
caution-money will be forthcoming, or that the
affair for the present will not prove as abortive as
the loan.

The last advices from Buenos Ayres state that
on the 21st of January President Sarmiento would
commence a tour through several of the Argentine
provinces, accompanied by the American, French,
and Italian Ministers. The Paraguayan Provisional
Government has sent down M. Bedaya to negotiate
a loan for £400,000, pledging all the public build-
ings and the railroad, but it was thought that the
stringency of the money market at Buenos Ayres
would prevent his success. Governor Castro
had resolved, it is said, to discount his Rail-
way Loan, voted by the Chambers, with Messrs.
Murieta, and Co., of London, and it was also cur-
rently rumoured, but on no apparent authority,
that the national Government will subsequently
despatch Senhor Riestra to negotiate another loan.
The Southern Railway question had been definitely
settled, and the Government had paid the stipu-
lated amount of £lO,OOO, by which they are to be
relieved of all further responsibility as regards the
guarantee.
The Minister of the Austrian Board of Trade has
published a statistical return of the progress of the
railways of Austria, whence it appears that the total
length of lines opened in 1867 was 1,815 miles, in
1868 2,920 miles, and in 1869 3,415. The result of
the extensions is shown in the returns for passen-
gers and goods traffic, which exhibit an increase of
49 per cent. for the former and 24 per cent. for the
latter, giving an increase to the old lines of 17 per
cent., whereas they were extended at the rate only
of 7 per cent.
The accounts from the Suez Canal state that the
obstructions have almost disappeared, and that
there is now a uniform depth of 19 feet of water.
The rock near Scrapeum, which formed the chief
obstacle, has been blasted by a new fulminating
powder,whicli has had only to be placed on the sur-
face of the stone to break it up, the labour and cost
of boring being tus avoided. It is now reckoned
that an outlay of about £BOO,OOO will render the
canal navigable throughout for the heaviest class of
men- of-war.
At a meeting of the North-Eastern Railway pro-
prietors the original terms of amalgamation for
the ordinary stocks were finally agreed upon,
namely, £lOO stock for Berwick, £9B for York,
£65 for Leeds, £133 for Carlisle, and £136 for

Darlington.
A meeting of the Great Luxembourg Company is