The Sun.
London, England, 1869-04-17 00:00:00

MONEY MARKET

AND
COMMERCIAL. INTELLIGENCE.

CITY, Two O'CLOCK.
There was very little business doing to-day, and
a feeling of dullness prevailed. Consols, however,
Maintained their yesterday's quotations, but foreign
stocks in some instances had to give way. In Rail-
ways there was a fall in the Midland. The rate of
discount in the market is about 31-1.
Consols are 93 for money; ditto, for Ac-
count, 931; .
New Three per Cents,
Three per Cent. Reduced, 911 ,
914 Exchequer Bills
£l,OOO, 3 6 prem. ; ditto £lOO, £2OO, and £5OO,
I ;
2 247.prem. ; Bank of England Stock, 4 per Cent.,
1
India Stock, 101 per Cent., April, 1874, ;
ditto 5 per Cent., July, 1880, 1141 14 ; ditto 4 per
Cent., Oct., 1888, 1001 1; ditto Enfaced Paper,
5 Per Cent., Jan., 1872, 106 ; ditto Bonds £l,OOO,
11 10 prem.
In the railway market there has bzen a decline of
in Midland, viz., to 114,1 to 1. Metropolitan is 1
1151
lower, at 1021 to 1031. Loudon and North IVesterr,
to ; ;
Great 'Western, 49i to 1 ; Loudon
and South Western, 881 t) 89 ; Great Eastern,
374 to ; Brighton, 474 to 48 ; South Eastern, 761
to 771 ;
Great Northern, 107 to 108 ; ditto 109
to •
, Caledonian, 784 to 79, ex div. ; and London,
Chatham and Dover, 17 to +.
In the Foreign Market there has been •a de-
cline of 1 in Egyptian of 1868 and Spahish
of 1867, namely, to 761 to
and 301 to re-
spectively. Brazilian of 1865, 80 to ; Chillian
of 1867, 951 to 961; Egyptian of 1864, 86 to
ex div. ; Italian of 1861, 55 4. to ; of 1868, 84
to I; Mexican, 151 to 1 ; Peruvian of 1865, 781 to
1; Russian of 1866, 90 to 91, ex div. ; Nicolai, 65
to 1; Orel, 811 to 82 ; Moscow 781 to 79.
American 5-20 Bonds are at 811 to ; Erie
Railway 234 241 ; Illinois Central, 961 97 ; At-
lantic and Great Western Debentures, 30 to 31 ;
and the Consolidated Mortgage Bonds, 284 to 294.
The
SUM of £lO,OOO in gold was taken to the
Bank yesterday.
The Ascalon, from Sydney, has brought £29,000,
and the Pera, from Alexandria, £2,295.
Although the reserve of notes at the Bank of
England is only about 31 per cent. of the liabilities,
the aggregate reserve of notes and coin is about 35
per cent. This is not actually below a normal
amount, but it is a point whence a reduction could
not prudently be permitted.
It is said that Daoud Pasha, the Turkish Minis-
ter of Public Works, who is engaged on a Financial
Mission to Europe with regard to projected Turkish
railways and to the claims of those already in ex-
istence, proposes to complete in this capital the ne-
gotiations he has hitherto carried on in Vienna and
Paris.
Advices from Bradford report two or three addi-
tional failures for moderate amounts in the wool
trade.
It is understood that in the cases of Messrs. Hall
and Webster, wool brokers, of Coleman-street, and
of Mr. M. Benjamin, Cape merchant, of Jewry-
street, a composition of 10s. in the pound on both
estates
as been accepted by the creditors.
NReg°tiations are still procaeding between the
North British and Caledonian Railway Companies
.for the amicable settlement of the differences which
have arisen between these companies as to the in-
terpretation of the joint purse agreement. The
,Caledonian Company have, as a matter of form,
I?clged answers in the interdict case, but as the
dividends have now been paid it is not probable
that the North British Company will proceed with
their note of suspension and interdict. If both
companies do not agree to leave the question to be
settled by the arbiter under the joint purse agree-
Merit, the North British Company will probably re-
quire to raise it in another form, by making a claim
of debt against the Caledonian Company.
At the Open Stock Exchange (Limited), yester-
day) Alhambra
sold at £9 7s.
Company (Limitel), fully paid,
per share; Guildhall Taverns Com-
pany (Limited), fully paid, £2 to £2 3s. 9d. per
share
paid ; New City Club Company (Limited), fully
, 50s. per share; and Star and Garter Hotel
Company (Limited), fully paid, 7s. per share.
may
including the Russian Loan just introduced, it
y be estimated that the demands contemplAted
by foreign borrowers during the spring and sum-
mer amount to not ICES than fifty millions ster-
ling, irrespective of any additional influx of
United States Bonds or other Atner:cau securi-
ties. Spain, Portugal, Italy, and Turkey have
respectively completed or initiated negotiations for
the purpose, and Brazil would doubtless be glad to
do so, although, owing to the circumstance that her
home credit is better than that of most other coun-
tries, she is not actually compelled to seek assist-
ance regardless of terms. The Italian Loan will
be based on the ecclesiastical properties, and the
wants of Turkey are professedly for railways. This
list, it may be inferred, will be considered sufficiently
serious to check the hopes of any other nation that
may entertain desires not yet signified, and also to
beget a spirit of prudence among our mercantile and
investing classes. At the same time there are fea-
tures of the matter to mitigate positive uneasiness.
The loans in question will not be confined to Lou-
don, but will be spread over the European markets.
A great portion of the •money required is to pay
debts maturing here and at Paris, and another large
portion will find its way back to us for the execution
of orders that will leave a profit. Gradually also
the stocks negotiated in the principal centres are
to a considerable extent drawn from those centres
by Entail native investors. Under these circum-
stances there is no ground for alarm, provided we
have an ordinary course of peace and prosperity,
and the leading firms of the country see fit to re-
cognise the fact that the moment for ceasing to com-
pete for the privilege of bringing fresh proposals has
no W arrived.

BRITISH FUNDS-CLOSING PRICES.

... UOVERNMENT FUNDS.
4 per Cent. Consols
Ditto for Account ****************************************** Nilr
8 per Cent. Reduced'
Ne...
___
‘,...„ ........................... 94 1
New .43. ,upeetr. ‘6.euni6t. ju.iii6l. ................. 911
Do. g per Cen Jan. 1873 ...............
A.nnuities, SO yrs cx,p.ire sth Jan... . 1.8-8.(... --
Dpoo.(fitoreaSsOeyarrsi,e;Top.te sth April 1885...
D' ..
08:": 2
Exchoqur Bills, ci‘unj..Pl9, Aug.,
Do , u, 2i per Ot. ...... 6 3
421000 i . X.:176.6p:: .....
Cent
..
..
292:1 Pm
Do.
Bank of England Stock, 41 .. ..... •- 7
D. opening ........ ... ...
Canada 4 per Cent. 80nd5.................
Inter-Colonial Onanium ................... ---
iNDIAN GOVERNMENT SEUERITI L...
.
India Stock, 10+ per Cent., April 1874_
Do. Opening, for Account
Do. 5 pwr Cent..fuly, 1880
Do. 4 per Cent:, Oct. 1888
Do. Certificates —
Do. Enlaced Yarn 4 per CAnt...,. —
Do. 5 per Cent., Jan. 1372 ~....n. lO6
Do. 51} per Ovit. May 1879 —
Do 5 per Cent., anp. Deb. 1872 —

FOREIGN FUNDS—CLOSING; PRICES.
Argentine Republic, 6 per Cent 74
Do. Scrip £45 p aid
* ' '
Aantri an Bonds b per cent .., —
Dper 1859 66
Brazilian D 5
Cent
Do. 4i per Cent. 1852
Do. do. 1858....
Do.
Do. do. 1861
_
do., 1863
_
Do. 5 per Cent, 1865
Do Account
Do. 80
1864
Do.'Xs Do.
Account - It
_
English Scoo Bonds
Do. 4100 Boudti B7l
Do }
P, 1868 7q i
do. :x45 pd — dis
Governnltni Raiway Debentures
Greek 5 per Comt., 1824 5, ex Coups —
Do. ACCCIInt ....
-1)0' (3° ........................ , .
11Ps'nE .. ...........................
Do. Account ..............................
Gnateinala 5 per Cent .. 7O 11011(11.1raSGOV Itail.l4oan, 10p. Ct., all pti 82 1
Ititiati 5 pet Cert. 11c6:,D0. Account .. ,
..............................
Ditto for
Do Mareminana. Railway 1
-
Al exicar. 3 per Cent
Do. Account
Do G 1864
por Cent. Anglo-Pi ouch ......... ~•
aionteriditan G per Cent.......... ....
NebletTish linpelial 5 per Cent ..... . -
1)()w Granada,
Do 3 per Cen.
Peruv. Deferred .. . ......... • ...............
DQian 5 per Cent. 1865
AWOullt.., .. . ... . ..................... ..

Do 4} per Cent. (lloiarren)
Do 41 per Cent.. 1862

Do Account
Portuguese 3 per Ct., 1853, '6, 7, '9,'60,'2,'3 351
Do. do. 1867 —
-Do. do. Scrip, £2O paid —
Russian 5 par Cent., 1822, £ St
Do 41 per Cent , 1850
Do 41 por Cent., 1860
Do 3 per Cent., 1859
Do 5 per Cent., 1862
Do. Anglo-Dutch, 1861, £lOO Boucle 9Ol
Do. do. £B4 15s. d 0..,
Do., 1866, £lOO Bonds
Do. do £B4 15s. do —
Po Nicolas Railway 65:1
Sar Bolan 5 per Cent —
Spanish 3 per Con .... t -
Do. Account —
Do. 1867
Do. Account
Do. few Deferred
Do. Account
Do. Passive
Do. Com. Cert. of Coul . not funded
Do. Account
Swedish Provincial Mortgage Loan —
Do Government, 1864
Do do, 1868
Do do, Scrip — Pr-
Turkish 6 p,:r Cent.
~ ,_.
Do Account
Do 6 per Cent. 1858 ..
Do Account
Do £lOO Bonds
Do 6 per Ceut., 18u2
Do Acrount
Do -CAA' Bonds 7O
Do 5 per Cent. 1865 —
Do Account
Do 6 for Cent., 1865 66 ±
Divideuas on the above payable in Luunon.
Austrian o par Cent. Ex 10 Florins
Belgian, 41 per cent., Ex. 25f.
Dutch 4 per Cont. Ex. 12 Gail 55
Do. 4 per Cent. Certificates —
Do. Account —
French Rentes, 3 per Cent.. Ex. 25f. —
Italian 5 per ont. 1851, Ex. 25f. —
Do Account sslii
CLOSING PRICES.
Jonsols, Money 93 1
Do. Account, May 6 931 I

LATEST INTELL MENGE

(REL-ER'S TELEGRAMS.)

AMERICA.

QUEENSTOWN, April 17.

The Guion steamship Nevada, from New York,
arrivel here at 8 a.m. to-day, with 99 passengers,
some of whom she landed, and proceeded imme-
diately for Liverpool.

SOUTHAMPTON, April 17.

The Hamburg and American Company's steamer
Saxonia, from New Yoik, has arrived here with 92
passengers, 50 sacks of mails, and $12,000 for Eng-
land. On the 13th she spoke the steamer Holsatia.
The Saxonia experienced strong westerly winds
throughout the passage.

THE BRAZILS.
Rio DE JANEIRO, March 23.
Exchange on London, 181.

Coffee, good first, 7,300 rais. Sales since the
departure of the last mail 104,000 bags, export
104,000, of which 13,000 were for the Channel,
14,000 for the North of Europe, 19,000 for the
Mediterranean, 58,000 for the United States, and
1,000 for other ports.

Flour, 30. Wood, 44. Coals, Cardiff and New-
castle, 101. Salt, 160. •

PORTUGAL.

LisßoN, April 16.

The Messageries Imperiales steamer Estramadure,
with the Brazil and River Plate mails, arrived here
this morning. The health of the passengers and
crew is good.

INDIA, CHINA, JAPAN, AND AUSTRALIAN

NAILS.

MARSEILLES, April 17.
The Peninsular and Oriental Company's steamer
Syria arrived at 8 a.m. to-day (one hour early).
The mails leave for London at 11.30 a.m. They
will be delivered on Monday morning.