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

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

On 'Change to-day Consols were firm, and there
was more business than usual in the Foreign Mar-
ket. But Spanish was on the decline, but for
Turkish there was a trifling improvement in price.
There was a better demand for Railways, on ac-

ount of the cheering traffic returns, but for Tele-
graph shares the movement was downward. The
usual weekly meeting has not resulted in the alter-
ation of the official rate of discount. In the open
market 3 is still chirged for first-class bills.
Conso!s are now at 921 to 924 for money;
ditto, for Account, 924 ; Three per Cent. Re-
duced, 91 Ix l ; New 'Rree per Cents, 911 Ixd ;
Exchequer Bills £l,OOO, March, prem. ; June,
--prem. ; ditto £lOO, £2OO, and £5OO, March, —;
June, 2 dis. ; Bank of England Stock, 44 per
Cent., 2 2.

India Stock, 101 per Cent., April, 1874, —;
ditto 5 per Cent., July, 1880, 111.1 12 ; ditto 4 per
Cent., Oct., 1888, 990 1 xd ; ditto linfaced Paper,
4 per Cent., 921 ; ditto 51 per Cent., May, 1879,
10”.

In the Foreign Market Brazilian Five per
Cents., 1865, 871 to 87-1 ex div. ; Egyptian Seven
per Cents., 1868, 791 to 791 ; Italian Five per
Cents., 1861, 55 to 55} ; Mexican Three per
Cents., 14 to 144 ; Peruvian, Five per Cents.
1865, 80: to 81 ; Spanish New Three per Cents.,
1867, 261 to 261; Turkish Five per Cents., 451
to 454 ; ditto Six per Cents., 1865, 69} to 691 ;
Grenada New, 23} to 24 ; ditto Deferred, 111 to
114 ; Vitepsk, 86 to 87; Nicolai, 681 to ;69 ;
Charkof Azof, 821 to 83 ; Moscow Jaraslaw, 831
to 84.

In the Railway Market Caledonians are now
quoted 77 to 774 ; Great Eastern, 37} to 374 ;
Great Northern, 113/ to 114/ ; ditto (A), Stock,
114} to 114/ ; Great NVestern, 651 to 651 ; Lanca-
shire and Yorkshire, 125 to 1251 ea div ; London
and Brighton, 421 to 43 ; London, Chatham,
and Dover, 141 to 15 ; London and North
Western, 1214 to 122 ex div. ; London and South
Western, 901 to 934 ; Manchester, Sheffield, and
Lincoln, 50 to 501 ; Metropolitan, 791 to 794 ;
Midland, 122 i to 123 f ; and South Eastern, and
Dover, 741 to 74f.

In Bank Shares Alliance are 12} to 13f
Anglo-Ausrian, 16 to 18 preen. ; Chartered Mer-
cantile of India, 32 to 33 ; City Bank, 101 to
llf ; Consolidated, I prem. ; Imperial Ottoman,
4 to 41 prem. ; London and County, .47k to 48i ;
London and Westminster, 60 to 61; London Joint
Stock, 32 to 33 ; and Union of London, 37 to 37j.
American Five-Twenty Bonds are 90} to 90} ;
the Ten-Forty Bonds are 85/ to 861 ; Illinois, 1101
to 110/ ; Erie, 21 to 21k ; and Atlantic and Great
Western Bonds, 281 to 28/.
French Cable Telegraph Shares are now 15 to
15/ ; British Indian Submarine, 12 to 121 ; British
Indian Extension, 1i to 1/ prem.; Anglo-American,
16 to 161 ; Australian, China, and Singapore, 1f
die. ; Construction and Maintenance, 41 to 11f—all
lower; India Rubber, 58 to 59 ; Hooper's, 1 dis.
at par.

In Miscellaneous Shares Credit Foncier are 21 to
3 ; Hudson's Bay Company, 121 to 121 ; Italian
Irrigation Six per Cents., 631 to 64k; London
General Omnibus Company, 21 to 2i ; National
Discount, 11 to 111 ; Peninsular and Oriental
Steam, 43 to 44 ; Royal Mail Steam, 55 to 56.
There were no gold operations at the Bank yes-
terday. The transactions of the week since the
last return have consisted of an influx of £7,000.
The Excelsior has arrived from New Zealand
with £31,500 in gold ; and the Donau, from New
York, with £38,000 in Mexican dollars.
Of the £391,500 in Australian gold which
reached Point de Galle on the 20th ult., by the
Peninsular and Oriental Company's steamer Gee-
-I°4'7 £352,000 is due at Southamr ton on the 26th
instant, by the Massilia. The following ships are
also on the way from Melbourne and New Zea-
land to England, viz. :—The Cambodia, with
£41,000 ; Alexander Duthie, £30,500 ; City of
Vienna, £18,500 ; Great Victoria, £10,000; Essex,
£10,000; Holmsdale, .E 9,000; and Janet Court,
£B5OOO. The aggregate by the eight vessels is
£479,000.
The report of Bolckow, Vaughan, and Co.
(Limited) for the past year shows an available total
of £144,876, including a previous balance of
£4,052, and recommends a dividend of £4 and a
bonus of £1 per share, which will absorb £lOO,OOO,
leaving., after an appropriation of £40,000, to re-
serve and £2,165 to :minor accounts, a balance of
£2,711 to be carried forward.
Of the tenders for £387,500 in bills on India
received at the Bank of England the amounts
allotted were—to Calcutta 1352,700, and to
Iladras £34,800. The minimum price was fixed, as
before, at ls. 111, and tenders at ls. 111 d. will
r,eceive about 63 per cent. These results show a
further slight diminution in the demand for means
of remittance to the East.

According to advices from Guatemala, the revo-
lution continues worse than ever in that Republic,
48 the Indians are now taking part in it, and these
are the most numerous and grossly ignorant. "If
the movement goes on," it is remarked, "it may
escape from the control of those who promoted
It, and should the result be a triumph, discord
will arise, and the stronger destroy the weaker,
for most of them have the rudest notions of civili-
Elation. This would put au end to all liberty and
progress."

The screw steamer Brazilian, from Bombay, has
Passed through the Suez Canal on her return voy-
age) and brings one of the largest cargoes ever
f:iliPPed at that port in one bottom—viz., 13,000
bales of cotton and 2,500 bales of wool. She sails
Ir°l4 Liverpool for Bombay again on the 31st of
tLareh, with cargo and passengers.
At a meeting of the creditors of Messrs. Pauw,
mhneider, and Co., of Manchester, a committee
was appointed to investigate and report to an ad-
Miled meeting to be held on Monday next. The
statement showed liabilities unsecured, £17,767 ;
secured,33, £6,927 ; other liabilities, £8,607
partlyto
ia1,302 ; total assets, £10,853.
The failure is reported from Leeds of Mr. Thos.
Dixon, cloth manufacturer and merchant, with
liabilities for about £6,000 and unfavourable assets.
The Danubian Gas and Coke Company (Limited)
at their meeting resolved to wind up voluntarily,
and appointed Mr. James Waddell, accountant,
the liquidator.
A. petition for the winding up of the Irrigation
Company of France by the Court of Chancery, or
that the voluntary liquidation may be continued
subject to the supervision of the Court, is to be
heard before Vice-Chancellor Malins on the 11th
instant.
A petition for the winding-up of the Photo-
Relief Printing Company (Limited) is to be
heard before Vice-Chancellor Malins on the 11th
instant.
Fifty and sixty guineas premium have been paid
at Lloyd's to effect fresh insurances upon the City
of Boston, from Halifax.
It is proposed to have a second issue of the certi-
ficates of the Foreign and Colonial Government
Trust to the amount of £600,000 in 5 per cent.
Certificates of £lOO to be issued at 80. The trust
was founded in May, 1868, and during the last two
Years the investors in it have received 7 per cent.
!Pea their capital, free of income tax, and 235 cer-
114eates have been drawn and paid off at par. '1 he
first certificates were issued at £B5, and are now
to quoted in the official list 94 to 96, ex div., owing
;the great a lvance in the market value of the
,e,ioeurities held by the trust. The object is to give
mall investor the same advantages as the large
eaPita ; • I.st diminishing the risk in investing in Foreign
arid Colonial Government securities, by spreading the
litione.): _ 0
'thever a number of different stocks. After
yes: subscriptions are received the trustees will in-
the e amount subscribed. The advantages of
at xo Vrestrnent are thus summarized :-1. Interest
A bonus
of . per cent. on the amount subscribed ; 2.
capital £2O per cent., by the repayment of
divio,u at par ; and 3. A reversion eventually
lt) among the holders of the coupons of re-