The Sun.
London, England, 1870-04-22 00:00:00

THE MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
The business transacted on the Stock Exchange
to-day was an improvement on that of yesterday.
Consols are steady at the quotations, and in the
foreign market Turkish continues to advance. In
railways seine purchases have been made in North
Westerns and Brightons, but in Telegraph shares
the transactions have been very limited, and that at
lower prices. In Americans there is no change of
moment, and in miscellaneous and banking shares the
prices remain almost the same as those of yesterday.
There is ratht. r an active demand for discount, but
nothing is to be bad below the official rate.
The corn market opened firm to-day, and Mon-
tiara currencies were maintained.
Consols are now at 94 to 944 for money ; ditto,
account, —; Three per Cent. Reduced, 92i ;
New Three per Cents., 92i s ; Bank of England
Stock, 4/ per cent., 235.
Exchequer Bills £l,OOO, 24 per cent., par. ;
ditto £lOO, £2OO, and £5OO, prem.
India Stock, 10} per cent., April, 1874, 209 ;
ditto 5 per cent., July, 1880, 113} ; ditto 4 per
eeat., Oct., 1888, 1001 a ; ditto Enfaced Paper
"i Per cent., 1879, 110 ; ditto Bonds under £l,OOO,
21 prem.

In the Foreign Market Argentine Sixes are quoted
..,U2 to 921 ; Five per Cents., 1865, 891 to
; Egyptian Seven per Cents., 1868, 811 to
81i ; Italian Five per Cents., 1861, 551 to 551;
Alexican Three per Cents., 14/ to 15 ; Peruvian
Five per Cents., 1865, 871 to 871; Spanish New
Three per Cents., 1867, 281 to 28/ ; Turkish Five per
Cents., 1865, 48 to 481; ditto Six per Cents. 1865,
71. to 72.
In Railway Shares Caledonians are marked 731 to
73i; Great Eastern, 411 to 411; Great Northern,
121 to 122 ; ditto A Stock, 127 to 1271; Lancaihire
and Yorkshire, 130/ to 1311; Brighton, 461 to 461 ;
London, Chatham, and Dover, 161 to 161 ; London
and North Western, 127/ to 128/ ; London and South
Western, 92 to 93 ; and Metropolitan, 771 to 771.

American Five-Twenty Bonds are 88 to 881 :
Ten-Forty Bonds, 85.1 to 861 ; Illinois, 112 f to 1131;
and Erie Shares, 194 to 201.
• Lombardo-Venetian are 161 vto 16i ; Great
Luxemburg, 131 to 138.
Anglo-American Cable and French Shams are
-171 to 174 and 151 to 15i respectively ; British
I,:dian, 01 to 9f ; China Submarine, 1f to 11 die.;
and Construction and Maintenance, 371 to 371.
In Bank Shares Anglo-Austrian are 151 to 16f
Prem. ; Alliance, 124 to 131 ; Chartered Mercantile
of India, 318 to 321 ; Imperial Ottoman, 13 11-16
te 13 13-16 ; London and County, 49 to 50 ; London
and Westminster, 60 to 61 ; (Mental Corporaiton,
44 to 45 ; an I Union of London; 361 to 37f.
In Miscellaneous Shares, General Credit are
ni "9- Ito prem. ; International Financial, 11 to
04 ; Hudson's Bay, 111 to 111 ; London
General Omnibus Company, 2 5-16 to 2 7-16 ;
National Discount, 11 to 111 ; Peninsular and
°dental Steam, 438 to 44i ; and Royal Mail Steam,
63 to 55.
The Patagonia has arrived at Lisbon from Valpa-
a 's°, en route for this country,. with £22,000 for
-ranee) and £17,600 for England. The Tycho
D'
Valle has left Liverpool for the River Plate with
4,102100.
1, The Bank of New South Wales and the CoConsoli-
datedßank (Limited), as agents for the Tasmanianoverument, have invited tenders for £lOO,OOO
easnlanian Government Debentures, bearing interest
'6 Per cent. per annum from the Ist of July next,
4d redeemable on the Ist of July, 1901, for the
P4rPoses of the Launceston and Western Railway,
411 d secured upon the public revenues of the colony.
the Market quotation of the £502,500 existing Tas-
manian 6 per cents. is 1101.
The last advices from Brazil are very satisfactory
has regards the financial position of the empire.
5a long time it has been currently reported that
ti Government were contemplating the introduc-
ii" of a loan upon the London market, ald that
Y case the operation would be deferred only
'Lll the termination of the struggle in Paraguay.
the extreme
that hostilities are at an end it appears that
e extreme balance of war expenditure yet to be
met
will not exceed 500,000,000 milreis, or, at the
Present exchange of 21d., £4,375,000, while the
t(),vernineut have already remitted to this country
h
tisituoient funds to meet ail possible demands for
Pe months to come. At the same time Viscount
e Itaberahy, who has conducted the Finance
ZePartment with unquestionable ability, is known
io be °PPosed to having recourse to any foreign
tio-11' and has stated that he has not in contempla-
eanY operation of the kind, feeling confident
that' with the return of peace, the resources of the
ex Dire will prove ample to meet all present
expenses, as also to liquidate the balance of the war
Thditure.
British Indian Submarine Telegraph Corn-
samv b,,
1301114, 4ve received notice that the land lines between
N,,,,.,*!aY• and Calcutta may be placed in efficient
be 'lng order in a fortnight when greater speed may
froe!Pected in the transmission of messages to and
cab't England and Calcutta by the British Indian
le.
Pa
'e South African Gold Fields Exploration Cora-
l:4j (Limited) stated that they have received infer-
byaLl3 from the leader of their expedition, that, by
olit-"viee of Mr. Nelson, the geologist, he h.is laid
18 I, cclaimto an auriferous tract of country in lat.
Ap• on behalf of the company.
e Siz per Cent. Sterling Mortgage Bonds of the
derealtkie and St. Lawrence Railway have been or-
%lot ;Y the committee of the Stock Exchange to be
ri,,eu in the official list.
144e1e return from the Bank of England for the
'ben ended April 20 gives the following results
hest compared with the previous week
£3,108,520
Other lePosita
...... 7,660,221' lncrease ... 367,0 u 507
:Posits ......... 16,976,618
Go;:a other side of the account :--
t• r'nent securi-
ptiZ
sec ........ ...... X 12,827,812 No alteration.
Notesuaurities ..... 18,312,-493 Decrease ... £927,498
The etnPloyed... 10,607355 Increase ... 186,875
beitiamount of notes in circulation is £23,364,225,
bullion a decrease of £386,615 ; and the stock of
a ill both departments is £19,923,793, showing
uecrea
prece.z. se of £142,655 when compared with the
dine
return.
Subjoined •
Of the 13 la a comparison of the present position
Prench ank of England and the prices of Consols
LIU
itentes with the corresponding week of
Year

Same Week
At Present. last Year.
DetlBlliou "'••• ... 419,923,793
14,4t7:0 .. : ............... 11,559,568
30,etico
41:80413.1.0.01 raw. ctieun;l a.t:i.0.n...: .... 237, 3569:4
c 2.5
0 __" of discount 8 per cent.
98}
75f. 10c.
is the official return of the cheques
thd bills cleared in the Bankers' Clearing-house for
e Week
exiling Wednesday, April 20 :-
11'11.8(13.3,
....... £17,912,000
kroo
S LL IT
Friday
...

12,580'0020
►day"' .....
9,363,u
Uou day .................
1:1133 day

10,40,000

10,150,000

.£6;',493,000