The Sun.
London, England, 1870-05-09 00:00:00

THE MONEY MARKET

AND

0:11)1ERCIAL INTELLIGENCE.

CI ry, Two O'CLOCK.
'Tie business on the Stock Exchange to-day was firm. In
the foreix
n market Spanish were better, and we have also to
notice
an improvement In Turkish. Railway shares are
4'1'34, and Telegraphs very depressed.
(lensels are now at 94 to 931 ; ditto for account, 943 ;
Th.
'ee Per Cents. Reduced, 92+ I ; Now 3 per Cent., 92+1
ditto;
3+ per Cent., 1001; ditto Annuities, 1885, 11 1-16
India Stock, 104- per cent., April, 1874, —; ditto 5 per
bt., July, 1880, 114 ; ditto 4 per cent., Oct., 18a8, 1013
100: ditto Enfaced Paper 4 per cent., 92+ 1; ditto 5 per
cent., 1872, 103+ ; Metropolitan Board of Works, 33 por cent.
Stock, 941.
In the Foreign Market Spanish 1867 Bonds aro 291 to
294; ',ltalian is 561 ito 564 ; Turkish Fives, 483 to 493.
5111 e Brazilian Bonds are quoted 89?; to 90; Egyptian (1864),
9 t° 90; ditto (1868), 803 to 801; Peruvian, 863 to 861;
Or v• • _ - • N
ei
- itehsk, 85 to 801 ; colas, 671 to 683; Moscow, 863
t°
,86i; and Charkof, 85 to 854-,.
In English Railway Shares, Great Eastern, 42 to 4.23;
:-Iteat. Western, 711 to- 72; London and North Western,
1163 to 127; London, Chatham, and Dover, 153 to 153;
ealetionian, 731 to 74 ; Great Nerthern (A), 129 to 129+;
Lauvashire and Yorkshire, 129 to 1293 ; Loudon and
13ri.81itou, 45 to 453; Metropolitan, 75 to 753; Midland, 1253
to 126; and South Eastern, 77 to 773.
American Five-Twenty Bonds are 883 to 883; the Ten-
urtY Bonds, 851 to 86; Erie Shares, 181 to 181.
Tho Scrip of the New Egyptian Loan is quiet at 3 to
Prem.

Tlic Japan Customs Loan is quoted 4 to 5 dis.
41100-Am.,rican Telegraph Shares are 17 to 17; ; British
cO u(lian, !o 8i ; China Submarine, 4to 2 dis. ; Falmouth,
t° • ' Piench Cable, 151 to 113; and Construction, 31
t 3,a
, '3.
" Miscel'aneous Shares General Credit are fto prem. ;
e lhlernational Financial, 1 9-16 to 1 7-16 die.; Hudson's Bay
t:t `)lnNny; 12 to 13; London General Omnibus Company, 21
21- National Discount, 11f to 1li; Peninsular and
dental Steam, 43 to 45 ; and Royal Mail Steam, 50 to 52
" div.

Ihe corn market opens firm for all kinds of grain. For
wheat is more money asked. Barley the turn dearer
1,..;(*a1,s and peas maintain the extreme of last week's advance.
Cuts', with liberal supplies taken off hand firmly at last rates
It has 'been announced that the proposal for altering the
railway tax from 5 per cent. on passenger traffic to 1 per
cent. on gross traffic will be abandoned by the Chancellor
of the Exchequer, instead of any modification being at-
-1111'1,A The great passenger lines will, therefore, for the
Pieent year be disappointed of the rel;ef on which they had
reekened, but the matter in some altered form is expected to
constiotte a feature of the next Budget.
first call of 25 per cent. is payable on the shares of the
etherlands Steamship Company on the 14th inst. This
represents £2l 3s. Pd. on each share of ..£Bl 15s. and
410 11s. 101-d, on each share of£42 7s. Gd.
The letters of allotment for shares in the San Paulci Gas
0(
"Puy have been posted.
„The Vaster of the Bulls has confirmed the appointment of
Thomas Kennedy as official liquidator of the Albert and
4411,1 r Average Associations.
An extraordinary meeting of the Guernsey Water Com-
P4nY (Limited), will be held on the 17th inst. for the pur-
Pso of altering the articles of association.
1h" Cape Copper Company announce a further dividend
0
48, per share from the profit of 18138, thus closing the
4eeounts for that year.
creditors of the Sphynx Club are requested to sent in
e Pat ticulars of their claims to Mr. H. Yates, of Liverpool,
the liquidator, by the Ist of Juno.
Ihe directors of the Miners Mining Company (Limited)
'lave declared an interim dividend of £5 per share from the
protits of the last quarter.
the
Frankfort advices state that at the Berlin Bourse, on
41') " instant, the following communication from the
idermen of the Merchants (analogous to an English
Ch., ,
'neer of Commerce) was posted up: - "It having come
,
k no w ledge that a yet larger exploration of our mar-
ets is contemplated in America and England by the sale
°yr unsound American bonds, as has hitherto been
:e ease, to the detriment of the pudic, we are thereby in-
deed to put the community on their guard against the pur-
e"so of American bonds, and particularly of American rail-
-
aY mortgage bonds, if they are not guaranteed by the Go-
verument of the United , tates. Notice has been given at the
Battle time to brokers that they shouldabstain from dealing in
stlei) bonds, and that no quotation will be all Owed henceforth."
6
ti. -
lepJrted that the communication thus referred to came
"oin the. North German Consul at New York. A measure
of the kind had been expected for some time, but would
Pei4)bably still have been delayed by the tediousness of offi-
„al formalities
‘4e market $100,00,000 of Northern Pacific Railway bonds.