The Sun.
London, England, 1869-11-23 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
The business on the Stock Exchange to-day was
rather dull. Th3re was a fall of ss. in the shares
of the French Cable Company, owing to an inti-
mation that the weekly receipts will not be made
Public. Telegraph Construction and Maintenance
Shares are also flat.

Consols are now at 93 to 93i for money;
ditto, for Account, —; Three per Cent. Re-
duced, 92f ; New Thee per Cents, 92f 1 ;
do. 3f ner Cent., 1001 ; Red Sea Telegraph, 194 ;
Exchequer Bills £l,OOO, March, 5 prem. ;. June,
4 prem. ; ditto £lOO, £2OO, and £5OO, March,
; June, prem. ; Bank of England Stock,
41 per Cent., —.
India Stock, 10} per Cent., April, 1874, 212 f ;
ditto 5 per Cent., July, 1880, 115 1 ; ditto 4
Per Cent., Oct., 1888, 1001 e ; ditto Enfaced Paper,
5 per Cent., ; ditto I3ebentures, 1031 ; ditto
Bonds under £l,OOO, 21 prem. _ _ .

EngHAI Railway Shares opened with a drooping
tendency, and in Several instances prices have since
declined. A fall of is marked in Caledonian, at
791 to 78j, London and Brighton at 44 to 441,
London, Chatham, and Dover at 151 to IG, Lou.
don and North-Western at 120 to 1201, South-
Eastern at 764 to 774. Other descriptions are
without quotable change, but are very quiet. The
following are the prices :—Great Eastern, 362 to
86i ; Great Northern, 106 to 107 ; ditto (A), 107
to 1071 ; Great Western, 552 to 56 ; Lancashire
and Yorkshire, 1251 to 126 ; London and South
Western, 90 to 92 ; Metropolitan, 83 to 831 ;
Midland, 1181 to 1184 ; and North Eastern (Ber-
wick, 118! to 1191.
In the Foreign Market Spanish Bonds are flat,
and lower upon the conflicting views taken of the
prospects of the monarchy. At the opening the
price was 271, and it is now 27 sellers. On the
other hand, Turkish are firm, the Five per Cents.
opening at 431, and being now at 43/ to 43g.
Italian are 53 to 531, being dull. Argentine are
quoted 81;;to 841 ; Egyptian (1864), Bonds 861 to
87i; ditto (1868), 77 to 774 ; Mexican, 134 to
1%; Peruvian, 83 to 832.
Scarcely any business is doing in Bank Shares
and prices generally are stationary, the only change
being a decline of 108 in Oriental, the price being
41 to 42. Loudon Joint Stock is steady at 32 to
33 ; Union of London, 371 to 381 ; London and
Westminster, 581 to 591 ; London and County,
48 to 49 ; Imperial, 16 to 17 ; Imperial Ottoman
21 to 21 prem. ; Consolidated, 44 to 41 ; Char-
tered Mercantile, 311 to 321 ; Anglo-Austrian, 9
to 11 prem. ; Alliance, 121 to 131 ; and Agra (A),
101 to 11.
In American Securities United States Five-

Twenty Bonds have been firm all the morning, and
are now dealt in at 83i. to 8311 ex div. ; Erie
Shares are 4 higher, at 2O to 21 ; but Illinois are
heavy at 99f Ito 991, being a decline of 1.

In Continental Railway Shares Lombardo-Vene-
tian are firm at yesterday's improvement, at 20 to
204. Great Luxemburg is quiet, at 12-.} to 121.
Business in Foreign Mining Shares is merely no-
minal, and prices are without change.
The transactions in Colonial Government Secu-
rities are very limited, and prices are without any
material change. Canada Five per Cents. are
quoted at 951 to 96 ; New South Wales Five per
Cents., 101 i to 104 ; New Zealand Five jper
Cents., 911 to 92 ; Queensland Six per Cents., 1091
to 110 i ; and Victoria Six per Cents., 114 to 115.
Seven thousand sovereigns, received from Egypt,
were sent into the bullion office of the Bank yester-
day.
The City of Pekin, from Melbourne, has arrived
with £31,500. The Bourgogne is announced at
Gibraltar, from Brazil, en route for this country,
With £21,600. The Pera is due at Southampton on
the 4th proximo, with £539,033 in Australian gold
and sovereigns.
Advices from St. Petersburg report great strin-
gency in the money market, owing chiefly to the
large advances which have been made to the banks
in Odessa and Taganrog, with the view of assisting
growers who cannot afford to sell their grain at the
present low prices. Odessa alone has, it is stated,
absorbed about fifty million roubles (nearly
£7,000,000) for this purpose.
The suspension is announced of Messrs. Sharp
and Gardner, of Bradford. A meeting of the
creditors was held immediately after the failure,
and it was agreed to accept a composition of 10s. in
the pound.
Intelligence has been received of the wreck off
Dungeness of the Spendthrift, bound for China
with a cargo valued at about £150,000. She was
partly insured at Lloyds, and partly in offices at
Liverpool.
At an extraordinary general meeting of the Bom-
bay, Baroda, and Central India Railway Company
yesterday, resolutions were passed accepting the
proposal of the Secretary of State for India for the
construction of the railway from Ahmedabad to
Veerumgautn and Wudwan, particulars of which
have already been given,:and authorising the direc-
tors to raise the necessary capital.
The directors of the Madras Railway Company
have issued their half-yearly report in anticipation
of the meeting of shareholders. The traffic results
for the six mouths, though not exhibiting the same
rate of increase as usual, are stated to be on the
whole as favourable as could be expected, consider-
ing the stagnation of trade, and the prevalence of
epidemic disease during great part of the time.
The gross receipts of the South-West line show a
falling off of £2,217, and there is also a consider-
able increase in the working charges. The revenue
statement of the North-West line shows an expen-
diture of £4,993 4s. 5d., which is not taken into ac-
count in calculating the rate of working expenses
or the net receipts.
A letter has been received from the Secretary of
the Divisional Bondholders' Committee of the At-
lantic and Great Western Railway in relation to
the paragraph concerning their circular. It does
not impugn anything that was said, but merely
seeks to reiterate the repugnance of one section of
the creditors to the other sections, and to stimulate,
Probably with every good intention, an internecine
war, which cannot fail to prove a great advantage
to the operators in New York who are waiting to
make the undertaking their prey.
Messrs. Alexander Howden and Co. have given
notice that the London, Belgium, Brazil, and River
Plate Royal Mail Steam Company will despatch an
extra steamer from London on the 11th of Decem-
ber, calling at Antwerp and Falmouth, in addition
to the regular mail steamer as usual, and that,
should sufficient inducement offer, a bi-monthly
line will be established.
The following relates to the new Turkish loan :
" November 19th, 1869. Sir,—Before the pro-
spectus of the new Turkish loan is issued I
would suggest-1. That there should be some as-
surance of the settlement of the Turco-Egyptian
dispute. 2. That the stock shall be free from
Turkish taxes of every kind. 3. That the Turkish
Government shall pledge itself not to bring another
loan upon any European market for a definite term
of years. 4. That the new stock shall be offered
in the first instance to the holders of stock in the
existing Turkish loans of 1854, 1858, 1862, 1863-4,
and 1865, the outstanding aggregate amounts of
which are about 26 millions sterling. A similar
curse to this was adopted in 1862 with the secon 1
issue of Egyptian Seven per Cents. with a result
favourable to all parties.—Yours obediently, F." •
The report of the directors of the Eastern Bengal
Company states that the gross receipts of the half-
year ending the 30th of June last amounted to
£95,486, the working expenses to £55,580., and the
net receipts to £39,906 ; against £93,185 for gross
receipts, £48,136 working expenses, and £45,019
net receipts in the corresponding half of 1808,
showing an increase of £2,301 in the gross receipts,
of £7,411 in working expenses, and a decrease of
£5,143 in the net receipts. The total number of pas-
sengers carried in the past half-year was 655,888,
against 647,579, showing an increase of 8,309
passengers. The goods carried by the railway
amounted to 90,811 tons, against 70,712 tons in
the corresponding halt of 1868, who receipts per