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

THE \IONE Y MARKET

AND
COAIAIERCIAL INTELJJIGENCE.

CITY, Two o'CLocx.
The business on 'Change to-day was certainly an
itnprovement on that of yesterday. Consols have
g°lle Up k, and in the Foreign Market a good many
transactions have taken place in the New Turkish
Lnail, and there has been a recovery to the extent'
0f 1 per cent. in the French Funds. Railway stocks
are steady, and Telegraph and Miscellaneous Shares
1-:11liet. The demand for discount is not very active,
but the rate still continues 3 per cent.
Consols are now at 93/ to 941 for money; ditto,
account, 941 4 ; Three per Cent. Reduced, 921 I ;
New Three per Cents., 921 ; ditto Annuit es,
1885,11 3-16 ; Bank of England Stock, 41 per cent.,
235 4i.
Exchequer Bills £l,OOO, 21 per cent., par 5 prem. ;
ditto £lOO, £2OO, and £5OO, prem.
India Stock, 10i per cent., April, 1874, —;
ditto 5
.per cent., July, 1880, 1131 s ; ditto 4 per
cent., Oct., 1888, 1001 11; ditto Enfaced Paper
(3_, per cent., 921 ; ditto 5f per cent., 1879, 110 ;
ditto Bonds under £l,OOO, 21 prem. ; Metropolitan
hoard of Works, 31 per cent. Stock, 941 1.
In the Foreign Market Argentine Six per Cents.
are now 911 to 921; Brazilian Five per Cents. (1865),
;9.1 to 891 ; Egyptian (1868), 804 to 801 ; Italian
Ti," per Cents. (1861), 55f to 561; Mexican
Three per Cents., 141 to 15 ; Peruvian Five per Cents.
1885), 871 to 871; Spanish New Three per Cents.
67), 291 to 291 ; Turkish Five per Cents.
865), 49 1-16 to 49 3-16 ; ditto Six per Cents.
1885), 721 to 721.
In the English Railway Market prices are better,
with the exception of South Eastern and Great
Eastern, the former being 1 lower, at 771 to 771,
and the latter 1, at 421 to 421 ; Caledonians are at
4 to 74 ; Great Northern Ordinary, 121 to 122 ;
Lancashire and Yorkshire, 1291 to 1291 ; London
atßrighton, 451 to 451; Metropolitan, 761 to 761 ;
, Northern (A) 1261 to 127 ; London and
forth-WeStern, 1271 to 1271 ;.Midland, 126 to 1261;
Great Western, 72 to 721 ; London and South Wes-
tern, 90 to 92 ; Metropolitan District, 35 to 36.
American Five-Twenty Bonds are 881 to 881
the Tea-Forties, 851 to 86. Erie Shares are 18j
t° 14 ; Illinois, 111 to 112 ; and Great -Western
consolidated Bonds, 271 to 281.
„ Anglo-American Telegraph Shares are 16/ to 171;
lndian,Brttish 7-16 to 8 9-16 ; China Submarine,
2 t
'
fable,
151 ° 11 dis. • Falmouth, 8 11-16 to 8 13-16 ; French
to 151; and Construction and Mainte-
nance, 341 to 341.
In Bank "Shares Anglo-Austrian are 14 to 16
prem. ; Chartered Mercantile, 311 to 321; Consoli-
dated,d3
London
41 to 41; Imperial Ottoman, 4 to 4+ prem. ;
I,4ondon and County, 49 to 50; London Joint Stock,
')3i to 34 ; Alliance, 12/ to 131; Union of Lon-
(l°°, 321 to 331; and London and Westminster,
611 to 62/.
14 Miscellaneous Shares General Credit is f to 1
trrezl2• ; International Financial, 1 9-16 to 1 7-16 dis.;
,u°ll's Bay Company, 111 to 111 ; London Gene-
u"
Omnibus Company, 21 to 21 ; National Discount,
i'
411 to 11/ ; Peninsular and Oriental Steam, 43 to
'5; and Royal Mail Steam, 51 to 53.
The Japanese Loan is now 31 to 21 dis., and Lomb
Iceroy of Egypt's Loan is firm at 1 to 1 prem.
bardo-Venetian Shares are 151 to 151 ; and
Great Luxembourg, 131 to 131.
The accounts from the Frankfort Bourse describe
peat heaviness, owing to the check to speculation
)rcasioned by the severe fall in Lombard Railway
14es, consequent on the unsatisfactory dividend
announced
when expectations had been raised by the
large receipts of last year. Capitalists have now re-
to investments in South German stocks,
•
A eh giving a lower interest, offer a better Be-
The subjoined correspondence with the Turkish
ba,sador has been presented to Parliament in
relation to the new Daira Loan of the Viceroy of
gYpt
" MAMMIES PASHA TO THE EARL OF CLARENDON.

" Imperial Ottoman Embassy, London,
‘;: April 25, 1870.
a The undersigned, Ambassador Extraordinary
tall; Plenipotentiary of his Imperial Majesty the Sul
- has the honour of declaring, in the name of his
Sul-
Go'
AL.ernment, to the Earl of Clarendon, her Britannic
Age;strs Principal Secretary of State for Foreign
that the Subliuie Porte makes its reserves
the
-"" regard to the priva• e loan which his Highness
atil(hedive of Egypt has recently contracted, or is
tha7c Present time engaged in contracting, and
eV it protests beforehand against any finan-
pre ; arrangement which may not have been
jest'cluelY authorised by his Imperial Ma-
teJi the Sultan, according to the terms of
dir-,,?,5t Imperial firman, and which would affect,
or indirectly, the revenues of Egypt, or to
asit might be intended to give an effect which,
cial~e ds the past and the future, would be prejudi-
Dro;° the rights which the public treasury of the
11i ,OCe of Egypt has over the private fortune of his
fiegriess on account of the management of the
a
, bee of that province.
to ;oe,i'ecitiesting his Excellency the Earl of Clarendon
tiol,4le the kindness to take note of this communi,?a-
, 'he undersigned, &c. " MUSURUS.
4:11E EARL OF CLARENDON TO MUSURUS PASHA.
" Foreign Office, April 30, 1870.
t4:,"rhe undersigned, her Majesty's Principal Secre-
aoo State for Foreign Afftirs, has the honour to
tire„-",leclge the receipt of the communication ad-
aotrrou to him by the Ambassador Extraordinary
Saltak)euipotentiary of his Imperial Majesty the
Smi.", dated the 25th instant, stating that the
the Ime Porte makes certain reserves with regard to
eentPrivate loan which his Highness the Khedive has
trapjacted, or is at this present time engaged in con-
Atia„'ll.g, and that it protests beforehand against any
NtiVal operation which may have been previously,
corci"ecl by his Imperial Highness the Sultan, ac-
tni
i. b tit.o t_
the terms of the last Imperial firman, and
vet„ Would affect, directly or indirectly, the re-
illtfeeia,°f Egypt, or which might be considered pre-
°f the as regards the past or present, to the rights
the -,Public treasury of the province of Egypt on
referPlivat e fortune of his Highness the Khedive with
managementProvisilee to the of the finance of that
c.
At
a meeting in
&c. CLARENDON."
in bankruptcy of the creditors of
failed c'un Brockbank, timber merchant, Carlisle, who
ties f Ohl the 18th ult., the statement showed liabili-
se:lol;hl;esb°rO2klelr's ,of which the amount due to un-
two eu. creditors was £28,680, including £B,OOO to
while the asiets were estimated at
440;6'. Mr. Thomas Wright, solicitor, was
five dlted trustee, with a committee of inspection of
creditors.
'the
(-111 Art annual meeting of th-. proprietors of the
Qhit ered Mercantile Bank of India, London, and
ie called for the 17th inst.
Agstlx. extraordinary meeting of tha Colonization
for the aalce Corporation will be held on the 21st inst.,
the „„_,Purpose of confirming the new regulations of

BRITISH FUNDS—TWO O'CLOCK.
°rot, hi,,
_e nNMENT rtINDS.
93i 41
kii;t; at. Consols 8 per''6) for Account 94 1
92i
Nkiw• 3 ent tte luend
921
New 2, Per Cent
bu. A Per Clent..l4l) 1894
A tI)
`titll. u" eon J 1,11.1873
b(). ", 40 Vrs, expiro Sib Jnn., 1,',"'••••
t 4,
.or 3u yrs, ,Ixpirost.b April liiK ... •
t,;). ( it"d !4ott. I'fAcf,rall). A tig., lti'M. ...
m
t''."111"i• lillpi. .61,00 ii, 21 p. Ct ' par 5 p
4 ?
_
clot), x2ot, & rsOlt _ll 3-16
--''t of p
r), "glau-1 Stock, 4i per Cent 235
4i
0 ' oPening
, tilaci
.........................
lilt ~..4 1 Per °Ont. Roods
51 C. ()looted Otntnum
11,4i,,s'IAN dovERNmENT SECUEITIII,.
0 tOf!k, 104 oer Cow., April I.s 7 •
41.°' °Pea' .
4 lag, for Account 0., l.,'r Oeui. -Jul,y- IFBO ........ .... ...- 1131 i
D ' l'b'z' Celit. O. 188*
DJ.
'. kli.iftteed Paptu 4 per °Aut.. .- — 921
''J. 5
Per Cent., Jan. 1872 ..... ..... ....,