The Sun.
London, England, 1870-05-04 00:00:00

THE MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLoCK.

The Stock Market to-day exhibited syMptoms of
improvement ; this, with the 'brightness of the
weather, gave things a cheerful tone, and Consols
improved on the quotations of yesterday. The im-
provement extended to the Foreign Market, and we
have to report another rise in 1865 and 1869 Turkish
Loans. In Railway Shares a fall to the extent
of three-quarters had occurred in Caledonians
on its becoming known the directors proposed to
issue an additional £1,350,000 in shares of £lO
and £7.

The demand for discount is active in the open, aud
on 'Change there is much demand for money for the
settlement account.

Consols are now at 938 4 4 38 for money; ditto,
account, 948 ; Three per Cent. Reduced, 92f I * 8 ;
New Three per Cents., 928 s 8 ; ditto Annuit es,
1885, 11 1-16 ; Bank of England Stock, 41 per cent.,
233 5.

Exchequer Bills £l,OOO, 21 per cent., par 5 prem. ;
ditto £lOO, £2OO, and £5OO, prem.
India Stock, 10f per cent., April, 1874, 209 f 9 ;
ditto 5 per cent., July, 1880, 1131 s ; ditto 4 per
cent., Oct., 1888, 100* 1*; ditto Enfaced Paper
5 per cent., 1872, 103 f ; ditto 5} per cent., 1879,
109/ 101.
In the Foreign Market Argentine Six per Cents.
are now 911 to 921 ; Brazilian Five per Cents. (1865),
89* to 898 ; Egyptian (1868), 80* to 80} ; Italian
Five per Cents. (1861), 55 15-16 to 56 1-16; Mexican
Three per Cents., 14/ to 15 ; Peruvian Five per Cents.
(1865), 871 to 871 ; Spanish New Three per Cents.
(1867), 28 9-16 to 28 11-16- ; Turkish Fire per
Cents. (1865), 481 to 48i ; ditto Six per Cents.
(1865), 72* to 721.
English Railway- Shares are quiet, and the move-
'ltems are very trifling. Great Eastern is better,
at 42f to 421 ; Great Northern (A) Stock at 126 f
to 127 ; ditto Ordinary, 120} to 121} ; Caledonian,
73 to 73f ; Midland, 126 to 1261 ; Lancashire and
"Yorkshire, 1291 to 1304 ; Great Western, 71/to 721 ;
South Western, 90 to 92 ; London and Brighton,
451 to 451 ; South Eastern, 771 to 77/ ; Metropolitan,
76/ to 77 ; Manchester, Sheffield, and Lincolnshire,
52 to 52f ; and North British, 36 to 36f.
In Bank Shares London and Westminster have
improved 61 to 62 ; Agra (A) is quoted at 10} to 11 ;
Alliance, 12f to 13f ; Anglo-Austrian, 14 to 16
prem. ; Chartered Mercantile, 31} to 32} ; Consoli-
dated, 41 to 4}; Imperial Ottoman, 38 to 4i prem. ;
London and County, 49 to 50 ; London Joint Stock,
34 to 34 ; and Union of London, 32f to 38f.
American Five-Twenty Bonds are 881 to 881:
the Ten-Forties, 851 to 861 ; and Erie Shares, 181
to 19.

Telegraph Shares are very quiet, and prices gene-
rally are without change. Anglo-American is marked
at 161 to 17i- ; British Indian, 91- to 9* ; China Sub-
marine, 2 to 14 dis. ; Falmouth, 9 3-16 to 9 5-16 ;
French Cable, 151 to 161; and Construction and
Maintenance, 361 to 36/.
In Continental Railway Shares Lornbardo-Vene-
tian is 151 to 15i, and Great Luxembourg 131
to 131.
The New Egyptian Loan is 1 I prem.
The Scrip of the Japanese Loan is 4 die.
The cause of the Japanese Railway Loan being at
a discount is attributed partly to the rumour lately
received by telegram of the American Consul at
Jeddo having been murdered, and partly to the fact
that an instalment of 15 per cent. becomes payable
to-day, which may have caused a pressure of sales on
the part of weak holders.

Tie J. N. Fleming, from Otago, New Zealand,
has brought £28,600.

The Manchester markets this week have opened
Without any return of animation.

The private advices from Brazil by the present
mail repeat the statement that there is no expecta-
tion of any proposal being brought forward for a
foreign loan.
The importations of wheat into the United King-
dom during the first quarter of the present year
have been 7,474,615 cwt., showing an increase of
about 6 per cent. on the corresponding period of last
Year, and a decrease of about 12 per cent. from the
first quarter of 1868.
The advices from Manchester announce the stop-
page of Messrs. William Marshall and Co., manufac-
turers, Todmorden, but their liabilities do not exceed
about £lO,OOO.
r, An extraordinary meeting of the Submarine
41egraph Company is called for the 10th instant,
When resolutions will be submitted for authorising
the company to lay down a new line of tele-
l'al)hic communication between England and France,
111 accordance with the Convention entered into
with the Frenei Government on the 2d day of
'January, 1859 ; also for authorising an applica-
tionto the President of the Board of Trade that
the
capital of the undertaking shall be further
lbereased to any sum not exceeding 2.400,000 ;
also for authorising, in the event of such increase
b ei'lg sanctioned, the issue of the further amount
„,
£73,225 stock, in addition to the present paid-
I? capital of £300,000 ; also to authorise the
treet
°rS to allot to Mr. Algernon Borthwick, one
,f
;', the Gerants of the Societe Carmichael et Cie.,
"ue sum of £3,000, being part of the issue of the
said £73,225, and to be paid for him at the rate
£lOO cash for £lOO stock, in consideration of
'oPortant services rendered to the company, both
di France an] England ; also to authorise the
ectors to apply the money received frinn the issue
°
the said £73,225 stock, in the first place, for the
bst of the new line of telegraphic communication
r:tween England and France, and to apply the
rl' ul,aiuder to pay off the existing Debenture Bonds
Preference Stock of the company as far as the
iv,
4ine will extend.
tirtile allotment letters of the Thetis Marine In-
rt,anoe Company (Limited) have been posted.
railway
ordinary meeting of the Eastern Bengal.
411 way Company will be held on the 25th inst.

BRITISH FENDS—TWO O'CLOCK.
3 .13
,C-4,VERNMENT rust.s.
.1; eent.Cousols
al„,, co fur Ai.,(,out.t 9l i

921
N;,, , lat. Re 111 c, .1.... ° .. 921-ii v ' Pee Ueut
...••
, - o j 1,04
Lie.
, iel „cut. all. 1•,... ...,
...
A '• ° nor Oen Janice.li3
oitie, 30 yr sth Jan., 1t80....
....''"‘"':,.(lTT,...AiF;6tvk it'''.l'.',::lir.,ir'tle.:Jttii.i -I',-ti:gri-1, 1111 '8: —• • : Ipl-arl-51.6pm
' iolu .- 1-.!ii,•,. 41,000, 21 p. Ut•
i. 3)
-
1 4:100, 4.:20t., & £5OO
,k, ,F ,
-• A glauil Stock, 4i pOr Ut:.i.li.
.. i:: .
e‘,. -, openin4,:,llß 4 per Cont.o Bonds
'r
-Colonial thunnun —
Itidi .01 AN ki 3 vElvottNT 8 ECURITI E,. . __ 1 9
a. Rtock 104 , April 1874 209
Dc.
„.... ! . er Gout.., r)v). uoniug, for Account
1131 I
130 ° Per Cent. July, 1.880
100 i 1
, .. 4 per Cent. Oct. 1885
ii), •
_Enlaced l'atan 4 pf,r(l.llt-• 4*••"...... 103—
• .') per Cent. Jun 1872 •••• a-'" "'
30' ';1.1 P9r (1,,t. May 187 i,
' 4-' -.,.,' th'2' Cent.a, Rup. P Y.— . 1872,.,......... 109 101
,

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1882-- —
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(I.Q.
Ang. 187 a •••
D • Deb. 5 Per (3ont ,
- rill
n llon4 4 Per Cent., .
1.. Incler .£1.1101)
'
FOREIGN FUNDS—TWO O'CLOCK.in
.c 000 ..... ......
11.,! • .
0 t(ulitlrle Repubhe, 6 per (lent
.10 Ac,....ra ........................ -.— .....
4,4 lltriv.ii 11 atIFI f. pc,: cent ..
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130 2 per Cent. (Deferred 3 per Oent —

891 1