The Sun.
London, England, 1870-03-15 00:00:00

THE MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.
1, The settlement is not going off as easily as could
wished,e
no Consols are firm. In the foreign Market there i
t much business doing, but in
most instances prices have been maintained. E zyptiln
hasas declined a ttifle, but a rise has taken placen
American bonds. lhe quotations in the railway
market are better, but for banking and miscellaneous
shares there is very little inquiry. The demand for
discount is rather large, and first- clas3 bills are
charged 3 per c?nt.
Consols are now at 924 to 921 for money ; ditto,
account, 921; Three per Cent. Reduced, 911 ;
brew Three per Cents., 911 ; Red Sea Telegraph,
2408, 191; Bank of England Stock, 41 per cent.,
Itnedia Stock, 181 per cent. April, 1874, 209 ;
ditto 5 per cent. July, 1880, 1111 121 ; ditto 4 per
cent., Oct., 1888, 924 ; ditto Enlaced Paper, 4
Per cent., ; ditto 5 per cent., 1094.
Ih the Foreign Market Argentine Sixes are 881 to
°Si; Brazilian Five per Cents , 1865, 871 to 871;
Yptian Seven per Cents., 1868, 811 to 814 ;
Itg'alian Five per Cents., 1861, 551 to 551 ; Mexican
Three per Cents., 14 to 141; Peruvian Five pee;
Cents., 1865, 817 to 821 ; Spanish New Three p
ieents., 1867, 271 to 271; Turkish Five per Cents.,
.in'tin6s, 46 1-16 to 46 3616 ; ditto Six per Cents., 1865,
'Jul to 691.
a the Railway Market Caledonians are
.marked'
77i t 771
is; °•• 4 j Great Eastern,
1191 to 1191;
orthern, 116 to 116 ; ditto A Stock,
371 to 381, Great
1-I,reat Western 674 to 68 ; Lancashire and Yorkshire,
L"5.1- to 1254; London and Brighton, 441 to 441 ;
ondond) Chatham, and Dover, 14/ to 15} ; London.
Mete
North Western, 1231 to 123/ ; London and
catb Western, 891 to 90 ; Sheffield, 521 to 521 ;
'letropolitan, 801 to 804 ; Midland, 1251 to 126 ;
and Dovers, 74/ to 75}.
Illinois Fire-Twenty Bonds are 901 to 901 ;
1171 to 1181; and Erie Shares, 201 to 201,
being lower.
rittegle-Araerican Telegraph Shares are 171 to
lilt; French Cable, 154 to 161; China Submarine,
IT-and
sdlist•o;
sF6a.houtb, 10 to 101 ; Construction
Maintenance, 401 to 401; and Silver's India
fanelinins k Shares London and Westminster
.have
Stock . the price being 594 to 601. Loudon Joint
to t,-„Is quoted at 321 to 331 ; Union of London, 361
Ott'4 1; London and County,
.471 to 481 ; Imperial
oizia„
33. An `l4 to 41 prem.; Chartered Mercantile, 32
lji to ~g4O-Austrian, 18 to 20 prem.; and Agra (A),
to7l‘,llscellaneous Shares Credit Foncier is 2 13-16
Vole-16; General Credit, 1 dis. to par; 'lnvternkt, _4llal
Financial, 1/ to 11 dis. Berlin Water 1 olr3
Italian 14i; Hudson's Bay Company, 12/ to ;
Generallt tan
rrigation Six per Cents., 63 to 64 ; London
Di Omnibus Omnibus Company, 21 to 2; ;
INationalsteam,
42i. Mit, 11 to 111 Peninsular and Orient&
6
rtt(e) 43.4- ; and IToyal Mail Steam, 551 to 5
terda Ise Were no gold operations at the Bank
yes-
Lotter "MSCriptiODS for the new Turkish Railway
day Y. Obligations are to be kept open odnlyrtawrios
ad4":l, the 15th and 16th inst.,
- State that, although it cannot be formally
tra ""4eed in that city, there have been numerous
!Isactions in it.
IceAwletter from Bogota, the capital of Columbia (or
the 'Tatinland), via New York, dated the 17t.h .of
states that a treaty for permitting
toos`teavation of a ship canal through the Ia ht
Yet-Bi°,4i Darien had been arranged, but was no
kini,Tellrelt owing to the absence of the United States
Advi
lutio ees from Guatemala announce that the revo-
lea coomniaq Party, headed by Seraflo Cruz, had. been
etely defeated on the 23d January, within six
p of the capital.
malrcel Costa Rica it is stated that " Messrs. Over-
haq Freund, and Co., of London: and New York,
nieutlllofadoe a provisioal contract with the Govern-
of
Lii,;(,'esta Rica to build a railroad from the port3o
en the Atlantic, to Pacuare, about
Josemile the to meet there the cart road from San
Zon(i n'te capital, running through Cartago." In the
such I)irectory there does not appear to be any
It as Overman, Freund, and Co.
steal,: announced from Marseilles that the Europed
there fer, 3,500 tons, 400-horse power, had arrived
She leftin Bombay on Saturday with 37 passengers.
therefor Marseilles on the Ist of January, and has,
Suez (°l'e, accomplished the two passages, via the.
?OTanal) including discharging and reloading, in
aye.
he •
way e Junction of the line of the East Indian till-
ec)naPanY with that of the Great Indian Pe_ i_
the4liVanY at Jubbulpore has been effected by
Was ectuPletion of the latter to that point,
da.nci.
bark7ll)elled on the 7th inst. by the Duke of -E
and
the Governor-General of India.
,„ueen hl,ded meeting of the London brokers
Jhas
at the London Tavern, Mr. William as.
PaAstiaels°ll in the chair, when resolutions were
into p approvingi the bill about to be introduced_
beck arlianient by Mr. W. Fowler to relieve the
of ens of the City of London from the supervisions
for hie. no of Aldermen, thanking that gentleman
coros_a. active interest in the cause, and appointing a
Ilitalttee to further the object in view.
r,ePert of the Merchant Banking Company.
mends ``''mite to be presented on the 17th inst., recom-f
5 p dividend for the six months at the rate o
Thee; lent. per annum, which will absorb £9,319:
Ratoatr of £20,000 has been written off the " amal
tett.',: en account " during the year, and £2,049
14:e to be carried forward.
deejl.l are of the Bank of Australasia have
annumfry dividend on the capital of the
anou,n,' !1•,200,000, at the rate of 10 per cent. per
z.
soa; tverpool Journal of Commerce mentions the
brllBl°a of Mr. Robert Varty, stock and share
broker of that town. It is stated that he had been
thatg„ecl in very large speculative transactions, and
kio.ov e differences to be met will amount to about
of v. The stoppage has also been announced
With errs. Adamson, shipbuilders, of Grangemouth,
Which ial3. pities estimated at £23,000, and assets
11l
Berger Produce about £6,000.
-oftb,ger Spence and Co.'s report says the early part
bine week was more fruitful in enquiry than actual
fropTeisaAainly for the Mediterranean ; and although. there tae tone of the various solicitations for prices
blarT aPp.eared to be some considerable orders in
it bad only reference to one parcel of con-
-5e
se
I 'uce for ash and caustic, which was closed re-
haS ectively at lid. and £l3. In other chemicals there
been a fair market, chiefly in the staple articles of
otavoue, the
fat, tv•ade, and prices may be said to. rule in most cases
our of the manufacturer. In minerals there is
o`,‘much doing, contracts are better supplied,
and
. consignments have been more regular. There is
an
provement in the metal trade. Scotch pig iron
has bad several changes during
the s, and closes
easier. In copper the nominal
reduction made by the
sMelters, and the alteration in the discount allowed
by them, has quite stopped trade for the moment in
this metal. Tin is firm, with a moderate business
doing. Lead steady and in fair inquiry. Speller is
easier, and buyers are looking for lower prices.

BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT I'IINDs.
921
3 Per Cent. Consols
9
a Ditto for Account
911
Per Cent• Re %cod Nu • •
91f f
hi w d per Cent
•-•ew 2i per Cent. Jan. 1894
A 1)0' 5 per Cen Jan. 1873
-•enuities, 80 yrs, expire sth Jan., 1680....
Do
Do. for 30 yrs, expire sth April 18% .....
.9,
t (Red Sea Telobraplt). Aug., 1"
.* LI
Itlirlutr Rills, .41,000, 21 p. Ut. Meru .
......
Do. 21 do. June
to
$ ht. £lOO, £2OO & £5OO
4-"' of England Stock, 9} per Cent
ox-1)(4. opening
1 bada-4 per Cont. Bonds —
liter-Colonial Omnauu
1.4,144)1&N U3VERNUENT SECURIIIJIB.
Dela Rtock 10*per Cent., April •1874 209
, - ? ~
b • "Peniug, for Account _
Do. °, Per Cent. July, 1880
1-,; * pet Cent.. Oct. 1888
99 I
D;
; Enface dotale. 4 per Cola.. ..... •••••
ii
.. 5 per Ce, Jan. 1872
Do.I 51 per Cent. May 1879
13Pet Cant. R D 18-`)
,J , up. 8- ~.....•••
do 18' ... .
Do
1). I) \, do. 1882
tio b. e-, 5 per Cent., Aug. 1873 ...
0 • Donde, 4 per Cent., £l,OOO ••••• -
°• 'ander 41, too
_
4r
I'OREIGN FUNDS—CLOSING PRICES.
bentine Republic, t; per Cent 881
O 4•cevunt ........................ • . -..

1091