The Sun.
London, England, 1870-05-17 00:00:00

THE MONEY MARKET

ANL)

COMMERCIAL INTELLIGENCE.

1 CITY Two O'CLOCK.
2 The market or Home Stocks opened with firmness, at a
a slight improvement over yesterday's closing quotations,
Consols for money being at one time as high as 941 to 94k.
• Since then a reaction has taken place in the market,
1 and the prices at the present moment are as follows :-
2
Consols for money, 944 to 941 ; ditto for account, 944 to 941;
3
Reduced and New Three per Cents., 921 to 92; ; India Five
per Cents., 1131 to 11.41 ; India Four per Cents., 101 to 1011;
India B nds, 20s. to 25s prom. ; Exchequer Bills, par to
1
255. prem.

Colonial Government Securities have been little inquired
after, but values are without change.
Iu the market for British Railway Shares, the principal
feature is the Continental flatness in metropolitan stock,
which has been done as low as 72k. Ou the other hand
Caledonian and Great Western consolidated Ordinary are
rather higher. South Eastern, however, is depressed. The
following are to-day's sales :—Bristol and Exeter, 82 ; Cale-
donian, 73 1; Great Western Consolidated ordinary, 72
The Foreign Market has continued very buoyant, and
prices have shown a further rising tendency. Portuguese,
Spanish, and Turkish of 1865 and 1E69 are batter, while
Guatemala Bonds have risen to a similar extent. United
States Bonds are firm in value, and the 1867 issue at 901 to
9Ci show an advance of I. Annexed are the transactions
from to-day's official lists: - Portug eso, 1869, 341 ; Spa-
nish, ;18t7, 32 4 ;; Do. 1869, 31i 1 ; Turkish, 1865, 54
Do. 1869, 641 ; Italian, 1861, 581 ; United Stator, 1867,
901 -1.

In Bank Shares business to a moderate extent has been
concluded, and the quotations have ruled firm. Imperial
Ottoman, at 41 to 41 prem., show a rise of 78. Unicu of
London have marked 394.

Telegraph Shares have been firm. British Indian Sub--
marine have risen 1, or to 81 to 91, and Falmouth, Gibraltar,
and Malta or to 9} to 91-. French Cable Shares have
marked 14. Telegraph Construction Shares have been
deals in at from 341 to 351. Silver's India Rubber have
marked 45i.
Great Luxembourg Railway Shares are quoted at 131 to
13i; and Erie Shares at 181 to 81.
Asshaon Mining Shares have been done at 81 ; East
Caradon, at 41; East Lovell, at 28i ; and Penrhyn, at 3.
The Shares of the Bank of Roumania are quoted at 1 to
11 prem.; and of the Tavarone Mining Company, at 11 to
11 prem.

There has been a fair demand for accommodation
to-day, and the amount of capital afloat in Lom-
bard-street being limited, the discount rates nave been
maintained at fully the quotations lately current. Good
short paper is not taken under 3 per cent., but six months
bills may be quoted at 3 per cent.
At the meeting of the shareholders of the Chartered
Mercantile Bank of India, London, and China, held
to-day, the report of the Directors was adopted.
The net profits were stated to be £73,927 Bs. 10d.,
for the past year, out of which two half-yearly dividends
equal to 8 per cent. have been paid. The balance,
£13,927 Bs. 10d., has been appropriated to the extinction
of the bad debts of the year, which are small ; and to the
further reduction of those of 1866.

At the twenty-third annual meeting of the City
of London Permanent Benefit Building Society, the re-
port stated that, after allowing for all expenses and in-
terest on loans, a profit of £5,180 had been realised.
Of this sum £4,853 has been placed to the credit of mem-
bers in respect of their deposit shares, being interest at
the rate of 6 per cent. per annum in their paid-up capital.
The remainder has been added to the reserve fund, which
now amounts to £2,511.

The liquidators of the Tyne Iron and Shipbuilding
Company (Limited) have announced the payment of the
balance of 20s. in the pound to their creditors.
The Manchester Guardian remarks that Mr. John
Hamer, manufacturer, of Farnworth, who suspended pay-
ment a year since, has intimated to his creditors that he is
unable to pay his third dividend of 3s. 4d. in the pound,
but is prepared to pay 10s. altogether.

BRITISH FUNDS—CLOSING PRICES.
3 per Cent. Consols
Ditto for Account 945 It
3 per Cent. Reduced 928 1
New 3 per Cent -
Do 31 per Cent., Jan., 1894
Do 21 per Cent., Jan, 1894
Do 5 per Cent., fan, 1873
Annuities, Jan, 1880
Do, April, 1885
Do (Red Sea Telegraph) Aug, 1908 —
Exchequer Bill; £l,OOO, 2i per Cent
Do., £lOO, £2OO, and £5OO
INDIAN GOVERNMENT SECURITIES.
India Stock, 103/4 per cent., April, 1874 —
Do 5 per cent, July 1880 -11 5 131
Do 4 per cent, Oct, 1888
Do Enfaced Paper 4 per cent
Do „ 5 per cent, Jan, 1872 lO2l
Do 54 per cent, May, 1879
Do 5 per Cent, Rup Deb 1872
Do do 1877
Do do 1882
Do Deb, 5 per Cent, .Aug, 1873
1)o Bonds, 4 per Cent, £l,000
Do under £l,OOO
MISCELL AN EO US.
Bank of England Stock, 41 per ct
Canadian 4 per Cent Bonds, 1903
Corp of London 4. p Cent Bonds, 1877
Do 4 1879
Do 4 1882
4 1881
Metrop Board of Works, '3l pct Stock
Do ( to be paid) Scrip
FOREIGN FUNDS—CLOSING PRICES.
Argentine, 1868 941 4
Austrian
Do 1859
Brazilian, 1852
Do 1838
Do 1859
Do 1860
Do 1863
Do 1865
Buenos Ayres
Do £lOO
Do (Deferred 3 per Cent)
Milian, 1842
Do 1858
Do 1866
Do. 1867
Do. 1870
Do. Scrip, £6O paid
Colombian
Danish, 1825
Do 1855 and 1861
Do 1863
Do-£l.oo paid.
Do 1864
Do Government Debenture, 1869-72
Do do 1873-77
Danubian, 1864 . .

91i 901

Do 1867
Dutch Ex 12 Guilders.
Ecuador New Couch( ate
Egyptian, 1862 OHM
Do Second Issue

Do £5OO .
Do .£lOO ~
Do 1864 .
Do £5OO .
Do £lOO .
Do 1868 .
Do £lOO
Do Gov. tiailjDebentures
Greek, 1824-5, ex Coupons
Do Coupons
Guatemala
Do 1869
Honduras Government Railway Loa❑ B4f,
Do £100
Italian, 1865
Do 1867, 2d issue

86i
90
911
82* 2 I 2

Do Maremmana Railway
Mexican
Do 1864 , • .
Do Anglo-French ~
Montevidean, European .
Moorish, Imperial
New Granada
Do
Do Deferred
Do Land Warrants (Hectares)
Peruvian
II
Do. Uribarren —
Do. 1862
Portuguese, 1853, 6,7, 9, 60, 2, & 3
Do 18.)7 .
Do 1869
Do do Scrip —
Russian, 1822, £ Sterling
Do 1850 , —

Do 1860
Do 1859
Do 1862
IDo Anglo-Dutob, 1861, £lOO 93
Do do £8415a
j do Do
IDo do
1866, £lOO ,‘a3
£84156 —
Do Nicolas Railway
Do 1870 Scrip, all paid
i,
Do do 445 pad IPm
San Domingo
Sardinian
Spanish , _

.....
Do 1867
Do Deferred 1*
Do 1869
Swedish Provincial Mortgage Loan
Do Government, 1864
Do do 1868
Turkish, 1851

Do 18;7.8
Do 4100
Do 1862 t 72