The Sun.
London, England, 1870-05-14 00:00:00

THE MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocx.

The Stock Markets have ruled firm to-day, and the trans-
actions have been rather extensive for a Saturday. Foreign
Bonds have been in demand, at an average rise of 1 per
cent. Russian 1870 Scrip is 1 better. Consols are quoted at
941 to 941 for money, and 941 to 941 for the June account,
Reduced and New Three per Cents. are 921 to 921; India
Five per Cents., 114 to 1141; India Bonds, 20s. to 25s
prem. ; Exchequer Bills, par to ss. prem.
Money has continued in fair demand, and the supply of
capital in the open market being comparatively small, the
rates have been maintained at quotations fully equal to the
Bank rate—namely, 3 per cent. for the best short paper.
There is less demand for six months' paper, and the price is
not above 3 to 31 per cont.
Home Railway Stocks have been pressed for sale, and
prices have given way considerably. The most important
feature, however, is the demand for Metropolitan Stock,
which shows a reaction off per cent. All the other changes
have been unfavourable. Caledonian have declined 1;
Great Eastern, 1; Great Northern,l ; ditto (A), 1; Great
Western Consolidated ordinary, London and Brighton, Lon-
don and North Western, Midland and South Eastern, i;
South Eastern Deferred Stock is slower.
The market for Foreign Bonds has continued very firm.
The business doing has not been extensive, but a further
general advance has taken place in prices. Argentine, 1868,
have risen 1; Chilian, 1867, 1; Egyptian, 1868, ; ditto
Government Railway Debentures, 1; Guatemala, 1; Mexi-
can, k ; Peruvian, 1865,1 ; Russian, 1870, f; ditto Scrip, 1 ;
Spanish, 1; ditto, 1867, 1 ; ditto, 1869, 1.
American Securities have been steady in value and in-
quiry. Five-Twenty, 1837, Bonds have advanced 1. The
Tea-Forty /, and Erie Shares 1.
Although the Market for Bank Shares has not been
active, the tone of the market has been steady, and the move-
ments have been favourable. Bank of Egypt have risen 1 ;
Colonial, 1; London and Brazilian (New), 1 ; and Union of
London, 1.
Rather more firmness has been apparent in the demand
for telegraph shares, and some slight impiovement has
taken place in values. Falmouth and Gibrallar shares have
advanced 1, Great Northern and Panama 1; but Marseilles
and Malta, and Reuter's are 1 lower.
Telegraph Construction shares have maintained Irevious
quotations, but Silver's India Rubber have been lower.
In other Miscellaneous Securities the transactions have been
only moderate, and the fluctuation have been trifling.
It is understood that the necessary arrangements have
been completed by the Metropolitan Railway Company for
perfecting the scheme of the Surplus Land Company, and
that the directors have given instructions for the pro rata
alletment of the shares of the prosprietors of the ordinary
stock of the company in accordance with the resolution of
the general meeting held in February last. It is also said
that the arrangements have been completed for taking the
Chatham and Dover traffic to Moorgate.

The report of the Anglo-Egyptian Banking Company
(Limited), to be presented on the the 25th inst., rocommends
an interim dividend at the rate of 10 per cent. per annum.
The report of the Parkgate Iron Company for the year
ended the 31st of March recommends a dividend of a 108
per share, being at the rate of 10 per cent. per annum,
leaving, after an appropriation of £1,331 to roserve, a bal-
ance of .£l,OOO to be carried forward.

BRITISH FUNDS—CLOSING PRICES.
3 per Cent. Consols 941 1
Ditto for Account —
3 per Cent. Reduced 921 1
New 3 per Cent 921 1
Do 31 per Cent., Jan., 1894 —
Do 21 per Cent., Jan, 1894 751
Do 5 per Cent., Jan, 1873
Annuities, Jan, 1880 —
Do, April, 1885 —
Do (Red Sea Telegraph) Aug, 1908 —
Exchequer Bills, £l,OOO, 2} per Cent
Do., £lOO, £2OO, and £5OO —
INDIAN GOVERNMENT SECURITIES.
India Stock, 101 per cent., April, 1874 —
Do 5 per cent, July 1880 —
Do 4 per cent, Oct, 1888 lOll
Do Enfaced Paper 4 per cent —
Do „ 5 per cent, Jan, 1872 —
Do , 5f per cent, May, 1879 llO
Do 5 per Cent, Rup Deb 1872
Do do 1877
Do do 1882
Do Deb, 5 per Cent, Aug, 1873 —
Do Bonds, 4 per Cent, £l,000
Do under £l,OOO
MISCELLANEOUS.
Bank of England Stock, 41 per et
Canadian 4 per Cent Bonds, 1903 —
Corp of London 41 p Cent Bonds, 1877 „. --
Do 44 29 1879
Do w 1882
Do 4f 1881
Metrop Board of Works, '3l pet Stock
Do ( to be paid) Scrip
FOREIGN FUNDS—CLOSING PRICES.
Argentine, 1868 941 4 1
Austrian
Do 1859
Brazilian, 1852 ..
Do 1858
Do 1859
Do 1860
Do '1863
Do 1865
Buenos Ayres 944
Do £lOO
Do (Dolerred 3 per Cent)
Chilian, 1842
Do 1858 .
Do 1866
Do. 1867 lOOl
Do. 1870 BB4
Do. Scrip, £6O paid —
Colombian —
Danish, 1825 —

(CENTRAL PRESS TELEGRAM.)

THE LORD-LIEUTENANT AT ENN i SKILLEN

Earl Spencer attended the Enniskillen Court
House this morning, and was there presented with
an address from the Town Commissioners. They
trusted that his Excellency might induce her most
gracious Majesty the Queen to visit this country
occasionally, and have a residence in it.
In reply, Earl Spencer said that he felt certai❑ that
the visits of the Queen would be a matter of mutual
satisfaction to her Majesty and to the loyal inhabi-
tants.

The Earl and Countess left Enniskillen at ten
o'clock for Perry. There his Excellency will remain
for two hours, and, having received an address from
the Town Council, will go off to Portrush. From
thence he will journey to Belfast, arriving at the
latter town on Tuesday.