The Sun.
London, England, 1870-03-22 00:00:00

THE MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK

On the Stock Exchange to-day there was a brisk
demand, but Consols did not vary in price. In the
foreign market Turkish Loan (1868) have risen 4,
but Spanish Bonds have gone down the same amount.
American Securities are on the who!e improved, and
there is more demand for Telegraph shares than yes-
terday. In Banking and Miscellaneous Shares busi-
tem is very trifling. The demand for discount is
moderate, the rate being 3 to 3k.
Consols are now at 921 to 931 for money; ditto,
account, 931 ; Three per Cent. Reduced, 911 1 ;
New Three per Cents., 911 1 ; Bank of England
Stock, 41 per cent., shut.
Exchequer Bills £l,OOO, 21 rer cent., March, 4
Prem. ; ditto £lOO, £3OO, and £5OO, 4 prem.
India Stock, 181 per cent., April, 1874, ;
ditto 5 per cent., July, 1880, 1124 131 ; ditto 4
per cent., Oct., 1888, 924 100; ditto Enfaced Paper,
4 per cent.,
In Bank Shares London and Westminster are
quoted 591 to 601 ; London Joint Stock, 32 to 33 ;
Union of London, 364 to 371 ; London and County,
474 to 481 ; Alliance, 13 to 14 ; Agra (A), 114 to
12 ; and Imperial Ottoman, 41 to 41.
In the Foreign Market the Argentine Six per
Cents. were quoted at 894 to 90 ; Turkish Fives,
45/ to 46 ; ditto Six per Cents., 671 to 671 ; Italian,
55 to 551 ' • Egyptian (1868), 811 to 82 • Brazilian,
871 to 88• Spanish, 274 to 27/ ; Orel-Vitebsk, 87
to 871 ; Nicolas, 69 to 691 ; Moscow Jaroslaw,
84 to 841 ; and Charkof Azof, 82i to 831.
In the Railway Market the prices are now :
Caledonian, 774 to 78 Great Eastern, 374 to 374 ;
Great Northern (A) 1174 to 1172; Great Western,
661 to 661 ; Lancashire and Yorkshire, 1254 to 125/ ;
London and Brighton 444 to 444 ; London, Chatham,
and Dover, 144 to 154 • London and South
Western, 123 to 1231 ; Metropolitan, 80 to 801 ;
Midland, 1244 to 124/ ; South Eastern, 744 to 75 ;
and ditto Preferred, 1094 to 1091.
American Five-Twenty Bonds are 901 to 901 ;
Ten-Forty Bonds, 864 to 874 ; and Erie Shares,
211 to 214.
Great Luxemburg are 121 to 121 ex div. ; and
Lombardo-Venetian, 191 to 20.
Anglo-American and Falmouth Telegraph Shares
_ . _

are better, the former being quoted at 17} to 171,
and the latter at 91 to 10 ; British India Submarine
is steady, at 121 to 124 ; China Submarine, 14 to 1+
die- ; Trench Cable, 15/ to 16 ; and Construction
and Maintenance, 371 to 374 ex div.
The sum of £17,000 in gold was taken to the Bank
Yesterday.
The City of Vienna is announced to have sailed
front Melbourne for England with £18,644.
The report of the British American Land Company,
total presented on the 28th inst., shows an available
of
£6,414, and recommends a dividend of £1
per share, which will absorb £6,000.
The mail from South Australia brings dates to
February
2. The crops had been nearly all gathered
n, but the yield will probably not exceed five or six
bushels to the acre. Heavy floods had occurred,
especially in the far north, where so good a sea-
son had not before been known. A vote of want
f
confidence in the Government had been pro-
raed and negatived in the Lower House, but car-
ed in the Upper. The Ministry, however, had
notresigned. Owing to the mismanagement of
the Public business, and the non-passing of the
servants
Bill, even the salaries of the civil
were unpaid for the month of January.
at'e basks sold draughts on London at 60 days' sight
1 per cent. prem., and bought at 1 per cent. dis-
co
unt.
~,The report of the Commercial Banking Company
tv, meeting Sydney, at the half-yearly in Sydney on
~'e 25th of January, announced a dividend of 15
per cent., with a bonus of ss, per share, equal to 17
Per cent• per annum.
e The Melbourne Argus describes an extensive
2rarnercial fraud. It appears that a gang of
swindlers in Glasgow and Greenock " purchased
oods from well-known houses, but not being able
Pay cash for them, or to procure good bills,
were unable to get delivery of them. They, how-
ever, obtained possession of the invoices, n ith
a and
bales Which they effected their nefarious object. Filling
packing caseswith rubbish, the invoices,
With bills of lading manufactured to correspond,
We.re produced, and advances to the extent of two-
thirds of the invoice value of the goods obtained
from the London correspondents of tho various mer-
cantile houses in Melbourne. Another plan was
for one of these swindling firms to effect sham sales
:with another, and to obtain advances upon fictitious
invoices."
.1,1-A. telegram was sent from India yesterday at
p.m. and received in London by the Indo-
nropean line at 2 p.m., an instance of remarkable
despatch.
The annual report of the directors of the British
American Land Company has just been issued.
At the meeting of the proprietors of the Bank of
Australasia the director& report was adopted, and a
dividend and bonus equal to 10 per cent. per annum
Was declared.
,The annual meeting of the shareholders of the
eihi and London Bank is convened for the 6th
April to declare a dividend.
PThe ordinary general meeting of the proprietors of
e Bank of British Columbia is called for the sth of
raThe annual meeting of the Oriental Bank Corpo-
ion will be held on the 21st of April.
„Tbe Austro-Egyptian Bank announces a payment
77, account of the dividend for the year 1869-70 of 9s
"Per share.
1.) Berger Spence and Co.'s weekly report sip—
idt,l,,rieg the week which has intervened since the
steady the chemical trade generally has preserved its
ady character, and there are no indications of a
ri curtailment of orders, or in the supply of raw mate-
ft • Alkalies of really good brands cannot now be
negotiated under an advance of 24 per cent. on the
Prices Which ruled a few months ago. In minerals
efe. market has been rather quiet; the only feature
I: importance being an attempt by some of the
atriites dealers to increase the price. There is but
beene doing in metals, and the market generally has
Weaker during the weak. Scotch pig iron is in
moderate demand, and closes firm. In copper the
smelters
their in some instances have refused to sell at
easier, not t prices. Tin is firm at the advance. Lead
e.._.°t quite so steady, but a fair trade doing. Spelter
and prices again lower.

BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT FUNDS.
a.. PpeirttCoefnotr. AccountConsols
931
I...per Cent. Re luced 9ll 1
Or 3 per Cent - 1
'.l
_r 21 per Cent. Jan. 1894
. 1-)°- 6 per Oen.
J5n.1873
A inuities, 80 yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire bth April 1885 —
Do (Red Sea Telegraph), Aug., 1908...
R tchequer Bills, .41,000, 21 p. Ct. March 4 Pm
Do. 21 do. June DI £lOO, £2OO dr .C5OO 4
Bank of England Stock, 4i per Cent
De. opening
Cinada 4 per Cont. Bonds *************************
Inter-Colonial Uranium ************************
INDIAN GOVERNMENT SECUIIIT;;;IV. ***
India stock, 10} per Cent., April 1874
Do. Opening, for Acoount .............................
1121. 131..........
-
Do. a per Cent. Jul, 1880
Do. 4 per Cent. Oct 1888 .................. 991 100
D ~ Enfaced Papei 4 per Cent.. ,„.....
_...
......
D ~ 5 per Cert., Jan. 1872 ~...,...........
......
D,. 5i per Cent. May 1879 ." ..._
Do. 5 per Cent., Rnp. Deb. 1872.,.
Do do 187-.
Do. do. 1882
D,. Deb., 5 per Cent., Aug. 1873 ... —
Do. Bonds, 4 per Cent., £l,OOO .....
Do. under £l.ooo Pin
. FOREIGN FUN. DS—CLOSING PRICES.
d•
Do Acount
Aultrianc Bonds 5 per cent —
1859
Br az ilian D 5 o Per Cent —
9,0. 4 per Cont. 1852 -'". do 1858.... —
Do. uo 1860
Do' a 1868 BB
00.,,
, • 0 per Cent., 1865
_
u.'o. Account
"4.r(sinos Ayres 6 per Cent.
otiub° 2 per Cent. (Deferred 3 per Uant.` —
h. a, Per Cent.
(1":6 per Cent
Do a i
D • -3- Per Cent
Do.o per Cent.,
Doi per Cent., 1866
0 lo t,per cent. 1867
Danis4 '4,,, 6 per Cent. . —
, 0 ,
Dar1,„1.,, Per Cent., 1825 . —
Do
.lecou
Do To Principalities, 7 per Cent —
ot
ii_
par Cent., 1867
w .. 96-k