The Sun.
London, England, 1870-04-11 00:00:00

THE MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLoCI.
The commencement of the settlement to-day has
tended to check business. Consols have given way
t+ and foreign securities we have to report a dull
market.
Great Northern, Great Western, and
metropolitan Railway shares have improved, but in
..telegraph, Banking, and Miscellaneous shares there
is very little doing.
The corn market opens dull with prices nominal,
but tendency downwards.
Consols are now at 931 1 / for money ; ditto,
account, 931 ; Three per Cent. Reduced, 92 11 ;
New Three per Cents., 92 l ; Bank of England
Stock, 41 per cent., 2341 ex div.
Exchequer Bills £l,OOO, 2/ per cent., March,
ditto
; ditto £lOO, £2OO, and £5OO, June, 1 5 prem.
India Stock, 101 per cent., April, 1874, 210 ;
it
5 per cent., July, 1880, 112/ ; ditto 4 per
Cent., Oct., 1888, 1001 4 ; ditto Enfaced Paper
4 per cent.,
In the Foreign Market the prices are now marked
as follows:—Brazilian, 88 to 88f ; Chilian Six per
ope4lit to
4:1 ;
75971 to 981 ; Egyptian, 80} to 80} ; Italian,
Peruvian, 84/ to 851 ; Portuguese, 32/
t°. 334 ; Orel, 87 to 871 ; Nicolai, 691 to 69/ ;
A scow, 851 to 85/ ; Charkof, 83 to 831 ; Spanish,
„V
`q to 28 ; and Turkish Five per Cents., 46f
to 46.1.
In the Railway Market there is a rise in Great
iVestern, Chatham, Midland, and Metropolitan.
Caledonians are now 78i to 79 ; Great Eastern, 391
to 39} .
Great Northern (A), 124 to 1241 ; Great
Western 68} to 69 ; Lancashire and Yorkshire, 1281
to 1284 ; London and Brighton, 45 to 451 ; London,
Chatham, and Dover, 161 to 161 ; London and North
Western, 124/ to 1251 ; South Eastern 781 to 784 ;
arid ditto Preferred, 110 to 111.
American Five-Twenty Bonds have fallen to 901
to 901 ; and the Ten-Forty to 861 to 864 ; Illinois
have again fallen 1, and are now quoted 111} to
112.

Anglo-American Telegraph Shares are 171 to 17k;
Falmouth, 9 to 91 ; British Indian Submarine, 9 to
9f ; China Submarine, 11 to 11 dis. ; French Cable,
151 to 15+ ; and Construction and Maintenance,
37k to 37k.
In Bank Shares the quotltions are as follows
Agra (A), 10+ to 11 ; Alliance, 12i to 13+ ; Anglo-
Austrian, 16 to 18 prem. ; Chartered Mercantile, 31+
to 32i ; Consolidated, 4; to 41; London and County,
48 to 59 ; London and Westminster, 59 to 60 ; and
Imperial Ottoman, 31 to 3+ 'prem.
In Miscellaneous Credit Foncier are 21 24 ; Gene-
ral Credit, 1-16 3-16 ; International Financial, 11
dis. ; Hudson's Bay Company, 12+ 121 ; London
General Omnibus Company, 21 21; Peninsular and
Oriental Steam, 42+ 431 ; Royal Mail Steam, 50 52.
With respect to the new Egyptian Loan about to
be introduced on the security of the private estates
of the Viceroy, it is suggested that defensive trdns-
a'tiens should be taken on behalf of the subscribers
to the last loan, which was raised on the condition
that there should be no new one for five years. But
the case- is a perilexing one. The Viceroy bound
himself not to make a new '° Government" loan, and
it ie now urged by the promoters of the present opera-
tion that it is not governmental, but personal, and
,that in his private capacity every potentate has an
independent right to pledge his family possessions. To
this there is the rejoinder that the Viceroy being vir-
tually a despot, it is idle to attempt to draw distinc-
tions between his individual and sovereign position.
That assumption, however, is not capable of positive
Proof, and it may, -therefore, be doubted whether
'ill Highness is not w:thiu the letbr of legal pro-
priety in Ys present course. If the loan can be
objected to as an actual infraction of the limit of the
Viceroy's powers or obligations, it would be for the
Sultan to protest against it, and although it was at
°ne time expected that this protest would be made,
it is now currently reported that such will not be the
ease. Whether this is a decision arrived at after a
careful review of the matter, or whether it results
from other influences to which politicians at Con-
stantinople are supposed to be susceptible, the fact
Will be equally adverse to the success of any opposi-
tion that might be attempted here.
It is notified by the Union Bank of Australia that
they are prepared to pay, on and after the 2d prox.,
the principal and interest due the Ist May on loans
of .the City of -Melbourne, Victoria.
The liquidators of the Bank of Turkey have issued
their' final report on the winding up. They announce
further return of Bs. per share, after which distri-
bution a balance of £7OO will remain to provide for
the charges of the liquidation. The whole amount
returned to the shareholders will be £3 Bs, out of £5
Paid.

The report of the Great Northern Telegraph Com-
pany, presented at the meeting held at Copenhagen,
states that the net receipts since the formation, on
the Ist of June last, have amounted to £14,519 188.
6(1. A dividend of 6s. 6d. per share was declared,
the sum of £1,451 19s. 10d. was carried to reserve,
and a balance of £67 18s. Bd. carried forward to new
account.

A message dated Calc-atta, Saturday, half-past 12
boon, was received by the Indo-European Company
this morning at half-past ten o'ciock,thus beating time
by two hours.

The New York advices mention the failure of
Jenkins, Vail, and Peabody ; Haviland, Lindsay,
and Co. ; and J. W. Prentice and Co. The first
two firms were importers of manufactured goods ;
the last, wholesale hatters. The liabilities of each
house appear to range from about £50,000 to
£150,000, and the difficulties are attributed to the
fall in the gold premium.

BRITISH FUNDS—TWO O'CLOCK.
, GOVERNMENT YUNDS.
u Per Cent. Consols
bitto for Account 934 4
3 Per Cent. Ito luced 92 14
No
Nee'
d per Cent
Z 24 per Cent. Jan. 1894
A 4)0. 5 per Cen Jan. 1873
—l/luities, SO yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 188; —
LOO (Red Sea Televaph), Aug., 1908 —
tchcqunr Bills, .£l,OOO, 24 p. Ct. :
Do. 24 do. June — pm
01 £lOO, £2OO St £5OO 1 5 pm
llatt of England Stock, 44 per Cent
'lllade p 4 per Cent. Bonds —
Later-Colonial Cranium
'tz, INDIAN JOVERNMENT SECURITIES.
dia, Stock, 104 per Cent., April 1874
1.,?,0. Opening, for Account —
o• 0 per Cent. July, .a 80
,'"
'O. 4 per Cent. Oct. 1888
D ). Eufaced Pape. 4 per Cant..... —
I), ~ 5 per Cert., Jan. 1872 .... ..,... ••• •.
-Lis )• pere Cent. May 1879 ........... ,
A. o . 5 Cent., Rup. De'D. 1870 —
D ] do 18^-..... —

Do. do. 1882
1-' Deb., 5 per Cent., Aug. 1873 .....
IJO Bonds, 4 per Cent., £l,000
"O• under £1.t)00
FOREIGN FUNDS—CLOSING PRICES.
4"A.:Gntine Republic, 6 per Cent
, uo Acemant
41ritrittn Bonds 5 per cent . —
Do. 1859 .....
truilian 5 per Cent
po.4iper
18
Cent. 1852 —
do 58....
00, 00
1360 —
D°. do., 1863
1)0. 5 Per Cent., 1865
00
„ , Account
''-' :eclos Ayres 6 per Cent. ..
n 1)o 2 per Cent. (Deferrod 3 per Cent.
041i,i, 6 Cent
•Liali Geer Cent
Do. 3
4i per Cent.— ......... , —
DO per Cent., ......
Imo. • 7 uer Cent., 1866
n '. 6 per cent. 1867
',Sitiolli nbitin, 6 per Cent
Bh, 3 Per Cent., 1825 . -