The Sun.
London, England, 1869-03-08 00:00:00

X O N E Y MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocx.
Consols are 92i f for money ; ditto, for Ac-
count, 921 ; Three [per Cent. Reduced, 911 1;
New Tliree per Cents, 911 1.
India Stock, 10f per Cent., April, 1874, —;
ditto 5 per Cent., July, 1880, 1121 ; ditto 4 per
Cent., Oct., 1888, 1001. x.d. ; ditto Bondslunder
£l,OOO, 17 prem.
In the foreign market Italian of 1861 have
receded 1, Turkish of 1.865, 5-16th, Spanish New
Three per Cents, f. Egyptian of 1864, 89 to 891 ;
lbe Viceroy Loan, 781 to 79 ; tha Nine per Cents.,
944 to 95f ; Portuguese, 361 to 37k; Brazilian, 801
to 801:ex div. ; Italian of 1861, 55 to i ; Turkish
of 1865, 39i to 40 ; Spanish New Three per Cents.,
311 to 32 ; .N.kxic.tn Three per Cents , 15 to 15.1 ;
Peruvian Five per Cents., SO to 801 ; Orel Vitebsk
Bonds, 81 to 811 ; Niculai Bonds, 661 to 67 ;
Egyptian of 1868, 751 to 76 ; Argentine, 791 to 80 ;
Honduras Bonds, 85 to 87 ex coupon.
In the railway share market prices are as fol-
lows : Caledonian, 77 to 771 ; Great Eastern, 371
to 371 ; Great Northern, 1071 to 1081 ; ditto A
Stock, 1051 to 1061 ; Great Western, 48; to 481 ;
Grand Trunk of Canada, 154 to 154; ditto Fourth
Preference, 18 to 181 ; Great Western of Canada,
151 to 15; ; London and Brighton, 50 to 501.

, -
American Securities declined this morning. The
5-20 Bonds have receded 11, to 81i to 821; ditto
1865 [slue, however, have improved +, to 811 to
82 ; the 10-40 Bonds are unaltered, at 731 to 731 ;
Erie Railway Shares, 241 to 25.

Bank Shares are good, at prices :—Chartered
Mercantile, 313 to 32f ; City, 12 to 12f ex div.;
County, 51 to 52 ; London and Westminster, 65
to 66 ; Imperial Ottoman, 2f to 2_l prem. ; Union
of London, 361 to 37} ; and Consolidated to f
prem.

Miscellaneous Shares are steady. Telegraph
Construction, 18/ to 181 ; Credit Foncier, 21 to 21;
International, 18 to 11 dis. ; Hudson's Bay, 13+ to
14 ; Anglo-American, 22+ to 221 ; the Eight per
Cent. Preference, 4 to 4+.
The Bangalore left for the East, with £111,428
in specie, of which £1,116 in gold is for Galle,
£ll,OOO in gold and £4,000 in silver for 8,-)mbay,
£16,817 in gold for Madras, £14,891 in silver for
Singapore, £24,944 in silver for Hong Kong,
£36,840 in silver for Shanghai, and £1,820 in silver
for Yokohama.

Telegraphic advices announce the following gold
ships having left Melbourne since the departure of
the last mail ; the Hohnsdale brings £94,000 ; the
Nevis, £34,000; the Moravian, £47,500; the
Ernestine, £24,500 ; the Miciay, £54,000 ; the
Wellesley, £25,000 ; the Niagara, £31,000 ; the
Sussex, £51,000 ; and the Rover, £33,500.
The Tanjore, from Alexandria, has arrived with
£5,500 ; the Empress of India, from Melbourne,
With £20,600 ; and the City of Brussels, from
Buenos Ayres, with £30,000.

It is stated that the whole of the Four per Cent.
Guaranteed Danubian Loan for £135,000, just an-
nounced by Messrs. Bischoffsheim and Goldsmidt,
has already been applied for by one of the leading
insurance offices.

The half-yearly meeting of the Grand Trunk
Railway Company of Canada is convened for the
Bth of April, " for the purpose of receiving a report
from the directors, and for the transaction of the
other business of the company."
According to the Frankfort advices the Moscow-
Smolensk Railway preference shares, 5 per cent.
guaranteed by the Russian Government, will be
brought out for subscription in that city by Sulz-
bach Brothers, on the Bth to the 12th inst. The
hue, it is said, will be self-supporting, and is con-
sidered one of the best in Russia. The shares were
taken in December last by Sulzbach Brothers, and
a combination of Frankfort bankers, by whom a
Portion has since been sold at a profit in Russia.
There may, it is added, be some further issues in
the course of the year, to connnect the Moscow-
Smolensk line with Warsaw, " and, with this ex-
ception, the Russian Government appear for the
present not inclined to grant further concessions."
General Schenck's Finance Bill, not being signed
by President Johnson before retiring from office,
has failed to become a law, by reason of Congress
having adjourned before the expiration of the
tea days allowed for Executive c3nsileration. It
appears that by Art. 1, Soc. 7, of the Constitution
of the United States, it is provided that " If any
bill shall not be returned by the President within
ten days (Sundays excepted) after it shall have
been presented to him, the same shall be a law, in
like manner as if he had signed it, un!ess the
Congress, by their adjournment, prevent its return,
In which case it will not be a law." It will be
matter for great regret if the recent decision of the
American Legislature, placing the redemption of
the debt upon a gold basis, should Lot be put
upoo reeord, with all the forms required, to ob-
viate the possibility of future cavil ; but, in any
case, enough has already been done to bind the
American nation irrevocably, even had we not the
explicit declaration of its highest officer, the new
President.