The Sun.
London, England, 1870-03-10 00:00:00

NIONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

The usual meeting of the Bank (Free:ors has
passed off to. day without any alteration being made
in the official rate of dis. Consols opened firmly
and continued'so throughout the day. In Railway
shares there has been an advance, and the improve-
ment has extended itself to American securities.
There has been a better business done in Miscel-
laneous shares at the quotations annexed.

Consols are now at 92/ to 92 for motley;
ditto, for Account, —; Three per Cent. Re-
duced, 91/ xd ; New Tkree per Cents, 91/ I ;
Exchequer Bills £l,OOO, March, prem. ; June,
--- prem. ; ditto 1100, £2OO, and £5OO, March, —;
June, prem. ; Bank of England Stock, 44- per
Cent., 2 2 40g.
India Stock, 10f per Cent., April, 1874, 207 ;
ditto 5 per Cent., July, 1880, 122 11t ; ditto 4 per
Cent., Oct., 1888, 99a xd ; ditto Enlaced Paper,
4 per Cent., 921.

In the Foreign Market Brazilian Fives, 1865, are
871 871; Egyptian Seven per Cents., 1868, 794
79i ; Italian Five per Cents., 1861, 554 551 ; Mexi-
can Three per Cents., 14 141 ; Peruvian, Five per
Cents., 1865, 81} 812 ; Spanish New Three per
Cents., 1867, 27 3-16 27 5-16 ; Turkish Five per
Cents., 1865, 694.615 ; Grenada (New), 405 415 ;
Ditto deferred, 111 112 ; Nicolai, 682 691 ; Orel
Vitbesk, 865 875 ; Moscow Jaroslaw, 832 841 ;
Charkof Azof, 821 832 ; Lombardo-Vegetian, 20
201; and llonduras, 835 845.
In Railways the prices are now :—Caledonian,
775 to 77 ; Great Eastern, 374 to 374 ex div. ;
Great Northern, 115 to 116 ; ditto (A), 1194
to 1191 ex div.; Great Western, 662 to 664 ;
Lancashire and Yorkshire, 1251 to 1252 ex div. ;
London and Brighton, 43 to 431 ex div. ; London,
Chatham, and Dover, 145 to 151. ; London and
North Western, 1231 to 1232 ex div. ; London and
South Western, 89 to 90 ex div. ; Metropolitan,
801 to to 801 ex div. ; Midland, 1242 to 1254 ex div. ;
North Eastern (Berwick), 1271 to 1271 ex dir. ;
and South Eastern, 741 to 754 ex div.
In Bank Shares Anglo-Austrian is quoted at 19
to 22 prem. ; and London and Westminster, at
60 to 61 ; London Joint-Stock is quotedj at
32} to 335 ; Union of sLondon, 37 to 38; Im-
perial Ottoman, 34 to 4 prem. ; and Chartered
Mercantile, 32 to 33.
In Miscellaneous Shares Credit Foncier are 21 to
3 ; General Credit, 4 to 4 dis. ; Berlin Water Works,
144 to 148 ex diva; Hudson's Bay Company, 124 to
124 ; Italian Irrigation Six per Cents., 631 to
644; London General Omnibus Company, 21
to 22 ; National Discount, 115 to 111 ; Penin-
sular and Oriental Steam, 431 to 445 ; Royal Mail
Steam, 555 to 565.
ft,Lombardo-Venetian is quoted at 195 to 205 ; and
Great Luxembourg at 132 to 14.
American Five-Twenty Bonds are 91 to 911 ;
len-Porties, 872 to 884 ex div. ; Eries, 21 to 211 ;
and Illinois, 1135 to 1145.
Anglo-American Telegraph Shares are now 17
to 171 ; Anglo-Mediterranean, 17 to 175 ; Fal-
Mouth, 104 to 105 ; French Cable, 151 to 16 ;
India Bubber, 58 to 59 ; and Construction and
Maintenance, 41 to 415.
There were no gold operations at the Bank yes-
terday. The transactions of the week since the
last return have consisted on balance of an influx of
X 41,000.
With regard to telegraph competition, it may
be suggested that the question of the capacity
of the existing Companies to meet the require-
ments of any possible amount of traffic could be
advantageously brought to an issue by an ex-
Perin:lent which, although it would involve
the risk of a temporary loss of revenue, would
Ant an end to the starting of new projects on
the pretence of being able to convey messages
at lower rates than have yet been contem-
Plated. Three lines are at present available
for the service to America, and the Directors might
arrange, say for a period of one month, to convey
messages for ss. instead of 303. Should the three
'iues find anything approaching to full occupation
at that rate, they could continue it in perpetuity,
and the public would have no temptation to listen
to the icheme:s who at the prompting of con-
tractors electri,:;ians, and engineers, are on the
100k-out in all directions for fresh business;
on the other hand, should the increase of coin-
Munication prove inadequate, conclusive evidence
Would be afforded that all attempts at competition
must result in ruin.

The 750,000 obligations of the Societe Imperials
r Chemins de Fer de la Turquie d'Europe will be
''sued on the 15th inst. at Constantinople, Alex-
andria, Bucharest, Vienna, Berlin, Amsterdam,
Hamburg,
Frankfort, Trieste, Lemberg, Prague,
-(4-ipzig, Dresden, Munich, Geneva, Berne, Zurich,
'Plan, Florence and Naples. These obligations are
'°°f• nominal, and bear interest at the rate of 3
Per cent. per annum. The works are to be corn-
Menced at once from both ends—the frontier of the
Austro-Hungarian empire on one side, and Con-
stantinople to Adrianople on the other.
The Grand Trunk Railway of Canada have in-
vited subscriptions, at the price of 85 for £228,000
°f the £500,000 Second Equipment Six per Cent.
•:.lortgage Bonds, the issue of which was authorised
three years ago. The object is to increase the roll-
Ling stock, &c., so as to render it adequate io the
business of the line.
lThe prospectus is in circulation of the Denmark
"eatre and Winter Garden (Limited). This un-
zertaki ng has been formed to purchase the freehold
the
as Saville House, in Leicester-square, with
e abutting houses in Lisle-street, and to erect
Ilnl that site a theatre, winter garden, mercantile
club,._,, and restaurant. Accommodation will be pro-
v,,ccl in the auditorium of the theatre for about
61'
P°o persons. The capital is £150,000, in 30,000
shares of
£5 each. • Reference is made to the large
Pefita declared by a neighbouring company. The
rarchitect is Mr. E. C. Robins, of Southampton-
Street, Strand.
The report of the LDndon Bank of Mexico and
South_ America (Limited) recommends a divi-
dend for the half year at the rate of 8 per cent.
Per annum.
A general court of the proprietors of the Bank
of England will be held on the 17th instant, "to
consider of a dividend." Another meeting will be
held on the sth of April, for the election of a Go-
vernor and Deputy-Governor for the year ensuing
and a third on the following day, for the election of
24 directors.

The half yearly meeting Light of the British Gas
as
Company (Limited) is convened for the 30th
instant, when a dividend will be declared for the
half year ending December.
com An ordinary meeting of the Commercial Gas
Company is called for the Ist of April, to declare a
dividend.
A special meeting of the shareholders of the
Great Central Gas Company has been held to con-
sider a scheme of amalgamation with the Char-
tered Gaslight and Coke Company, the proposed
condition being that the proprietors of the Gieat
Central Company should receive a dividend of 7i
per cent:for the past year and preference 10 per
cant. shares in the amalgamated undertaking for
the amount of their holdings from January, 1,
„1. 870. The arrangement was unanimously agreed
to, and,
as the Great Central was the company
t sofbred from the defalcations of Benjamin
jgga, a satisfactory termination his thus been
e4ceted of the annoyance caused by that affair.

BRITISH FUNDS—CLOSING PRICES.
8 GOVERNMENT rUNDS.
Per Cent. Consols
Ditto for Account 92f.
3
per Cent. Re 'need 92i
tiew 3
911 1
Nebo per Cent
,
i., "- 521 per Cent. Jan. 1894 _
A per 0en1873 .. —
'unities, 80 yrs, expire sth Jan., 1880.
DoI) for 30 yrs, expire sth April 1885 — E:. (Red Sea Televaph), Aug., 1909 — "t'uoqu,:,r 13illa, £l,OOO, 2i p. Ut. March
Do. 21- do. June
C
Do
at. ZlOO, .L..!ou 'of En land Stock. 4f per Cent
Dp, S
o •
11t3r- opening
—4l 4 4 per Cent. Bonds Colonial Umnitun —