The Sun.
London, England, 1870-03-30 00:00:00

THE MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocic.
The busk ess in the Stock Exchange to-day was
contracted owing to the settlement being in progress.
Consols are steady at their quotations, and there
appears every prospect of an improvement in the
demand. In the Foreign Market there has been an
improvement in Turkish, but Spanish has been de-
pressed. In the Railway Market the demand has
improved, but in Telegraph Shares there is not much
doing.

The demand for money is moderate, the rate in the
open market being 2i to 3 per cent.
The market commenced quiet for all kinds of grain,
and was rather firm.

Consols are now at 93a to 931 for money ; ditto,
account, 931; Three per Cent. Reduced, 91k 2 ;
New Three per Cents., 91k 2 ; Bank of England
Stock, 44 per cent., 236 ex div. for opening.

Exchequer Bills £l,OOO, 2; per cent., March,
prem. ; ditto £lOO, £3OO, and £5OO, June, 1 prem.
India -Stock, 10} per cent., April, 1874, —;
ditto 5 per cent., July, 1880, ink 13 f ; ditto 4
per cent:, Oct., 1888,1004 100 ; do. Enlaced Paper,
5 per cent., 1031; ditto Debentures, 1031; Corpo-
ration of London, 44 per cent., 1886, 1008 ; Metro-
politan Board of Works, 38 per cent. Stock, 931.
In the Foreign Market Turkish Bonds are better.
The Five per Cent. Loan of 1865 is now 47 to 47i ;
and the paid-up Scrip, 63; to 64. Egyptian (1868)
Loan, 811 to 811. Italian is 551 to 551. Spanish
Bonds are lower—viz., 271 to 271 ; and the 1869
Bonds, 27f to 271. "

In 'the Railway Market the prices are now as
follows • —Caledonian, 78 to 781; Great Eastern,
37a to 371; Great Northern (A), 1171 to 118;
Great Western, 671 to 671 ; Lancashire and York-
shire, ..126 to 1261 ; London and Brighton, 421 to
431; London, Chatham, and Dover, 14i to 151 ;
London and North Western, 122! to 1231; Metro-
politan, 78/ to 781 ; Midland, 1238 to 1231; South
Eastern, 73! to 741; and tiouth Eastern Preferred,
1091 to 109!.
American Five-Twenty Bonds have advanced, and
are now 90i, and Erie Shares are 211 to 211.
Anglo-American Telegraph Shares are 17 to 171 ;
French Cable, 151 to 158 ; British Indian, 11 to
111; China Submarine, 2to 1/ dis ; Falmouth, 81
to 9 ; and Construction and Maintenance 35 to 354.

In Bank Shares, London and Westminster are
marked 59 to 60 ; London and County, 47} to 48f ;
London Joint Stock, 32 to 33 ; Union of London,
36k to 37k; Alliance, 13 to 14 ; Anglo-Austrian, 18
to 20 prem ; and Agra (A) to 184.
In Miscellaneous Shares Credit Foncier are quoted
2 13-16 to 2 15-16 ; General Credit, 1 dis to par ;
International Financial, 11 to 11 dis.; Hudson's Bay
Company, 121 to 12; ; London General Omnibus
Company, 2 7-16 to 2 9-16 ; National Discount, 11
to 111; and Royal Mail Steam, 55 to 56.
The Manchester markets this week have opened
With a steady tone.
The Board of Trade returns for the past month
purport to show an increase of £970,353, or rather
more than 7 per cent., in the declared value of our
exportations, as compared with the corresponding
month of last year. Contrasted with February,
1868 (when there were 29 days in the month),
they show an increase of £114,000, or not quite 1
per cent.

A joint-stock undertaking has just been established
at Berlin, under the title of the « German Bank,"
with a capital. of 5,000,000 thalers, in shares of 200
thalers; and power to increase to 20,000,000 thalers.
The articles of association were approved by the
King of Prussia on the 10th instant, and a general
meeting of the promoters was held ou the 21st inst.,
when 24 directors were appointed, with Baron
Magnus as president, and it was resolved to offer to
the public 2,000,000 thalers out of the .5,000,000
Which had already been subscribed by the promoters.
The bank is authorised to establsh agencies at home
and abroad.

A prospectus has been issued of the Netherlands
Steamship Company, with a, capital of 6,000,000
florins, iu shares of 1,000 florins each (3,500,000
florins to be first issued), for performing the steam
service between the Netherlands and their East
India colonies through the Suez Canal, under con-
tract with the Dutch Government. The Board
.of DireCtion is constituted at Amsterdam, with
the brother of the King of Holland as honorary
chairman.
A telegram received by the Ottothan (Smyrna to
4iden)Railway states :—" Iradeh granted for £95,000;
Finance
Minister pays at once."
The following is from the Don Pedro (Brazilian)
Gold Mining Company Gold weighed to the
lst of March, 7,231 oitavas. Estimate for February,
MOO oitavas. No. 6 disordered and very poor."

fortnight back a Committee of the House of
Commons decided, in the case of the Blackburn
Corporation, in favour of irrigation as the proper
41°cle of disposing of the sewage of the town, and
Yesterday another Committee of the House de-
cided in favour of the same system in the case of
Reading, In each instance the proposal was vio-
teutlY opposed, and hence the advocates of the sys-
especially congratulate themselves on the re-

According to the Mining Journal, the largest ship-
meats of pig-iron ever known in the history of the
"3cotch pig-iron trade were made last week. The
total quantity was 20,005 tons, of which 13,100 were
for foreign ports.

BRITISH FUNDS—CLOSING PRICES.
, •
8 GOVERNMENT FUNDS.
93f Per Cent. Consols
....
931 1
NDitto for. Account
eer Cent, Reduced 9lf 2
91i 2
Nr 'W
3 per Cent
-'151.1V 21. per Cent. Jan. 1894
A 'lo' 5 per Cen Jan. 1873
—lnuities, SO yre, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 —
o. (Red Sea Televaph), Aug., 1908
,Q,lloqu'2,. Rills, £l,OOO, 24 p. Ct. —
Do
Do. 24 do. June — &
8a
£lOO, £ZOO£5OO 1 PDrr
of England Stock, 44 per Cent
u,o •
pening
236 xd
, %nada 4 per Cent. Bonds
14ter-Colonial Cranium
INDIAN GOVERNMENT SECURITIES.
India Stock, 104 per Cent., April 1874 —
Du. Opening, for Account
DO.O per Cent. July, It 80
-!;-!‘o. pet- Cent. Oct. 1888
.-,,)). Enfaced Pape. 4 per Cent.. ....•
D,.
). 5 per Cert., Jan. 1872 ....
.-). 51 per Cent. May 1879 —
"0. 5 DET Cent., Rnp. Deb. 1872... —
D ) do 18'—... s. .
Do. do. 1882
-u •. Deb., 5 per Cent. Aug. 1873 .....
Do. Bonds. 4 per Cent., £l,OOO
Do. under £l.OOO
Pm
FOREIGN FUNDS—CLOSING PRICES.JI
Argentine Republic, 6 per 0011%
Do Ace,siint
Austrian --
Do. 1859 ....... Bonds 6 per cent ....
Brazilian frper Cent ... ..
....... . .
lc,. 44 per Cent. 185.2 .................... .
Do. do 1858....
1)0, Co 1860
.... ..........
Do. do., 1863 .... ..............
Do. 5 per Cent., 1865
tio. Account
Buenos Ayres 6 per Cent. .. ........ . _
n Do 2 per Cent. (Deferred 3 per Cent....
~,114e 6 per Cent.
%-j4.lian:6 pbr Cent .
764
~e. 44 per Cent...,
4-'O. 3 per Cent.,
Do' 7 per Cent., 1866
..._
0 ID, °. 6 pot cent. 1867
_
ID ze'riblan, 6 per Cent.
_ btuaish, 3 per Cent., 1825........
87 8
4.,l,lftbian Principalities, 7 ler Cent
4-1:;00 Account -
_ per Cent, 1867 teetdor
14, New Consolidated, 1 per Cent 7 _
P
" 'ecoliti lesue we/