The Sun.
London, England, 1870-04-21 00:00:00

THE MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY. Two o'CLooK.
The improvement noticed in the Stock Exchange
yesterday has barely been maintained to-day ; bu-i-
Less was steady, and prices in some instances had a
tendency upward, but. Consols b. came a shade lower
in the afternoon. In the foreign market Italians and
Turki-h have to be noted higher, and in American
Securities there has been a further fall of in Erie
shares. For Telegraph shares the demand is very
limited, and where transactions have taken place the
Price has been in favour of the buyer. In banking
and miscellaneous'shares there is also very little doing.
Consols are now at 941 4 for money; ditto,
account, 941 ; Three per Cent. Reduced, 921 1;
/
New Three per Cents., 921 1; Bank of England
Stock, 4 per cent., 235.
Exchequer Bills £l,OOO, 21 per cent., prem. ;
ditto £lOO, £2OO, and £5OO, par 5 prem.
India Stock, 10i per cent., April, 1874, 209 ;
ditto
5 per cent., July, 1880, 1131 ; ditto 4 per
cent., Oct., 1888, 1001 ; ditto Enfaced Paper
r
Per cent., 1872, 104 ; ditto Bonds £l,OOO, 20 25
Prem.

In the Foreign Market Argentine Sixes are now
92 to 921 ; Brazilian Five per Cents., 1865, 891 to
891 ; Egyptian Seven per Cents., 1868, 81 to
84 ; Italian Five per Cents., 1861, 554• to 551 ;
Mexican Three per Cents., 141 to 15 ; Peruvian
Five per Cents., 1865, 861 to 87 ; Spanish New
Three per Cents., 1867, 281 to 28/ ; Turkish Five per
Cents., 1865, 48 to 484; ditto Six per Cents. 1865,
711 to 72.
In Railway Shares Caledonians are quoted 74 to
74i; Great Eastern, 411 to 411; Great Northern,
121 to 122 ; ditto A Stock, 127/ to 128 ; Lancashire
and Yorkshire, 130/ to 131; ; Brighton, 461 to 461;
London, Chatham, and Dover, 161 to 161 ; London
and North Western, 128 to 1281 ; London and South
Western, 92 to 93 ; and Metropolitan, 771 to 771.

In Bank Shares Anglo-Austrian are 15 to 17
Prem. ; Alliance, 121 to 13/ ; Chartered Mercantile,
81+ to 321; Imperial Ottoman, 3i to 31 prem. ;
London and County, 481 to 491; London and West-
Miuster, 59f to 60/ ; London Joint Stock, 33 to 34 ;
and Union of London, 37 to 38.
Anglo-American Cable and French Shares are
17+ to 17i and 151 to 15/ respectively; British
Indians 91 to 9i ; China Submarine, 11 to 11 dis.;
Falmouth,
91 to' 91 • and Construction and Main-
tenance,
371 to 37k.
American Five-Twenty Bonds are 881 to 881;
Illinois, 1121 to 113/ ; and Eris Shares, 191 to 201.
Lombardo-Venetian are 161 to 161 ; Great
Luxemburg, 131 to 131.
In Miscellaneous Shares Credit Fonder are 2
9-16 to 2 11-16 ; General Credit, I to 1 prem. ;
International Financial, 11 to 11 dis. ; Hudson's
13a.7 Company, 11i to 12 ; London General Omnibus
Company, 2 5-16 to 2 7-16 ; National Discount, 11
to
111 ; Peninsular and Oriental Steam, 43 to 44 ;
and Royal Mail Steam, 54 to 56.
About £4,000 in bar gold has been taken into the
l'lanit• The total purchased since last return is
£lB,OOO only.
A long correspondence has taken place between
between Mr. H. Clarke, secretary to the council of
foreign bondholders and the contractors of the loan
Paris ; the latter say :—" The loan of 1868 was an
-"4gYptian Government Severn per Cent. Loan, and is
described both in the prospectus and the bonds, and
the stipulation to which you refer was an engage -
Illent that the Egyptian Government should not for
;the space of five years from the 11th July, 1868,
?sue a further public loan. The loan which his
'dighness the Khedive is now proposing to raise is a
private loan, secured upon his own private estates.
and its proceeds are to be applied for the private
objects of his Highness, quite apart from Govern-
ent or State. It is, in fact, similar to the loan
towed by his Highness in 1866 ; and in raising the pro-
d loan his highness don not consider either in
spirit or in letter is he violating the stipulations made
13Y the Government with the bondholders in 1868.
41 it been the intention of the contracting parties
of the loan of 1868 that the engagement should ex-
tend to the private loans of his Highness it would
have been so expressed. In proof that the Egyptian
Government loans and the private loans of his High-
ness are esteemed to be of distinctive cLsses, it is
only necessary to refer the council to the official list
°f the London Stock Exchange, published in the
Public daily journals, wherein such loans are sepa-
rately classified.
The share list of the United Land Company
(Limited) is closed, the 20,000 £5 shares having been
taken up.
The advice received from Buenos Ayres, by the
launenoa Ayres Great Southern Railway Company
ere) and dated March 17, make no mention what-
e
ver of
any damage to the railway or works by the
the
storm of the 10th. The railway was, at
n latest date, advised in its usual good workiug
order.
Notice is given that the second annual general
meeting
nof the Nicthoray (Brazil) Gas Company
(-331ited) will be held on the 29th inst., at twelve
oflock precisely, to receive the report and statement
ace ;tints.
-o.llle half-yearly interest of the Seven per Cent.
Mortgage Bonds of the Peninsular Railway of
date lelligan, due May 1, will be paid on and after that
6With reference to the redemption of the Danish
0:eo per Cent. Loan of 1825, it is notified that
b) special bonds, amounting to £BO,OOO, have
'ell purchased by Messrs. Rothschild and Sons, and
cancelled.
rr„.he ordinary general meeting of Liebig's Extract
of
bleat Company (Limited) will be held on the
2d °f May.
Tel annual meeting of the Cape of Good Hope
• egraPh Company (Limited) is called for the 29th
imitant.
The ordinary general meeting of the Foreign
Vineyard Association (Limited) will be held ou the
28th blatant.
Ot an extraordinary meeting of the East Ellie
rend, Credit, and Finance Company (Limited) the
ttel,°.lntiola previously passed in favour of the under-
tng being wound up voluntarily was confirmed.
ta,. e Mincing-lane markets have reopened after the
4.7er holidays. Only moderate auctions were
s:_e_tht forward, and generally business was inactive.
it: was -without improvement, and coffee showed
reatleiased heaviness, influenced by the unfavourable
u„,43 of the Dutch sales, which went 1 to 2 cents
mqer valuations.

ERITISLI FUNDS—OLUS,INU PRICES.
8 t*OVliiitliMENT kUNDS.
P3irtteo6
O 101: 2°o=lolSt 941 i 4
40941
941
921 1
tl3,,er Cent. Ituluced
. ~.. 921 1 1
Hew`'• d per cent
2i per Cent Jan. 1894
4 1:)°• 5 Uer Cen. JAn.1873
lnuities, 80 yrs, expire sth Jan., io6P•••6 7
~. for 30 yrs, expire sth April 1881-s '
I,
Do (Red Sea Televaph), Aug., 190 i. —
'''zellot4l42A. Rills, .£l,OOO, 21 P. et' June
D. 21 do. J
pn
rs 1:1.,)
4011,41,. £lOO, £2OO ,ik .C5OO
u: of England Stock, 41 per Cent ...
131,,
~' °Porting
4, 11'4a 4 per Cont. B
tuonds
isr-Colonial Oinnnt iNib . • irj.d. lAN tIaVERNMEN: BBOUULTIE.,
...,..
et toe k, 10} per Cont., April 1874..... 2013
D,, Opening, for Account
/),;,4 Per Cent. July,ltBo .. lr
etl)7 pt:,.. Cent. Oct. 1888
D • Refaced Pape. 4 per Cent.." Q.. '..... .....
'. por
xi°— Cent Jan 872 , ... ...... 104
D
•,
.. Cent. May1879
'• Per tPe r
Cent., Rup. De '. 1872,.. ..... -.
Do,
do 18'77....
do.
1882 ....... 11.11.