The Sun.
London, England, 1869-04-14 00:00:00

ONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.
The settlement engages most of the attention to-
day. Consols have receded a trifle, but recovery
is fully looked for to-morrow. The Alabama
question is the cause of the fall. A demand has
sprung up for foreign loans, and the Hudson Bay
Company shares have improved. The rate of dis-
count in the house is as quoted yesterday.
Consols are 931 e for money; ditto, for Ac-
count, —; Three per Cent. Reduced, 918 2 ;
New Tkree per Cents, 918 2 ; Exchequer Bills
£l,OOO, ; Bank of England Stock, 4 per Cent.,
239 41.

India Stock, 101 per Cent., April, 1874, ;
ditto 5 per Cent., July, 1880, 11.31 14 ; ditto 4 per
Cent., Oct., 1888, 1001 ; ditto Enfaccd Paper, 5
per Cent., Jan., 1872, 1051 ; ditto Bonds under
£l,OOO, 15 prem.
In the Railway Market London and North Wes-
tern and Great Eastern have fallen 1 to 1 per cent.,
but Brighton, Metropolitan, and Caledonian have
improved 1. Prices are :—London and North-
Western, no to i; Great Western, 491 to 1;
Midland, 1154 to 116 ; London and South-
Western, 87 to 89 ; Great Eastern, 37 to 1 ;
Brighton, 471 to 48 ; South EaAern, 751 1;
Metropolitan, 102:-1 to 103 ;G reat Northern,to 107
to 108 ; ditto A, 109 to 1 ; Caledonian, 801 to ;
and London, Chatham, and Dover, 171 to
In the Foreign Market Nicolai, Orel -Vitebsk,
and Charcow Loans are in demand. Brazilian of
1865 are 80 to 4 ; Chillian of 1867, 951 961;
Egyptian of 1864, 861 to ex div. ; ditto of 1868,
761 to ; Italian of 1861, 551 to i ; ditto
of 1868, 831 to 841 ; Mexican, 141 to 15 ; Peruvian
of 1865, 781 to 791; Russian of 1866, 901 to
82, ex div. ; Nicolai, 65 to 1; Orel, 811 to
1 ; M3SCONV, 781 to 79 ; ditto Charkof, 76;1. to
771 ; ditto Charcow, 761 to 771 ; Spanish of 1867,
301 to 1; Turkish of 1858, 631 to 64 ; ditto of
1862, 671 to I ; and ditto of 1865, 411 to 42.
American 5-20 Bonds are 831- to 1; Erie Rail-
way shares, 24 to 1 ; Illinois Central, 961 to 97
Atlantic and Great Western Debentures, 29 to 30 ;
and the Consolidated Mortgage Bonds, 281 to 291.
In Miscellaneous Shares National Discount are
qquoted 111 to ; General Credit, 11- to 1 dis. ; In-
Telernation h al, 11 to 1 dis. ; Hudson's Bay, 12,1, to 13 ;
Telegraph a
Ei Construction, 161 to 171; Atlantic
gpght per Cent. Preference, 31 to .1 ;
and Anglo-American, 221 to
In Bank Shares City are 111 to 121 ; Imperial,
161 to / ; London and County, 511 to 4 ; London
Joint Stock, 324 to 331 ; London and Westminster,
634 to 641 ; Union of London, 361 to ;
mannglo-
Austrian, e
171 to 111 prem. ; and ImpetialA 0tt0,21
,21 to prm.
The sum of £60,000 in gold was withdrawn from
the Bank yesterday. Of this amount £30,000 con-
sisted of sovereigns for India and 130,000 was in
American eagles for New York.
The Atrato, from the %Vest Indies, has brought
£223,620, of which £133,231 is gold, and the
Union, from New York, £9,745.
It is reported that advances are being made to
-effect an arrangement between the several classes of
stock and debenture holders interested ih the Lon-
don, Chatham, and Dover Railway. If this can be
accomplished it will be most satisfactory, especially
should anything like the payment of interest be re-
sumed. The advance in the price of the stock is
attributed to these proceedings.
The new Russian loan has been received with
Much indifference. Although it is, as a matter of
course, offered upon terms which render it rela-
tively cheaper than the existing issues, the effect of
this consideration is lost through the extent to
which the market had previously been flooded with
stock, while at the same time caution is inspired
by the implied refusal on the part of the Russian
Governnient to refrain from putting forth fresh
loans directly. the instalments upon this new stock
shall have been completed.
Rumours continue to be circulated from day to
day with reference to the coining Spaui sh loan, for
which there appears to be a good deal of competi-
tion at Madrid, although this is probably in no
small degree of a conditional character. It is not
believed that anything absolutely definite has yet
been settled.
A remittance of £1,415 has been received on ac-
count of the debt of Equador.
The period of office of Mr. Thomas N. Hunt as
Governor of the Bank of England has terminated.
The four years in which Mr. Hunt has filled the
post of Deputy-Governor and then of Governor
included the height of the speculative inflation
from the limited liability companies, the unpre-
cedented panic of 1866, and the consequent long
period of distress, and throughout the whole of this
anxious time it has been his fortune to be regarded
with unqualified confidence and esteem by all con-
nected with the mercantile and banking interests of
the City of London. He is succeeded by Mr. R.
W. Crawford, M.P. for London.
The report of the directors of the Rio Janeiro
Gas Company (Limited) recommends a dividend
for the half-year at the rate of 10 per cent. per
annum.

The results of the half-year's operations of the
General Bank of Switzerland will not permit of the
distribution of a dividend for the six months end-
ing December last.

The reports from the iron manufacturing dis-
tricts of France and Belgium are very favourable.
Two or three failures are reported in the Brad-
ford worsted trade. Messrs. Burton and Brook,
woolstaplers, whose liabilities are stated to be from
£30,000 to £40,000, have called a meeting of their
creditors ; and a similar step has been taken by Mr.
H• Watkinson, worsted spinner, and Mr. Josh.
Walker, woolstapler.

DitiTISII FUNDS-TWU O'CLOCK

GOVERNMENT FUNDS.
3 per Cent. Consols ........................... 1 Ditto for Account 931 1
8 per Cent. Reduced, ...............
New 3.......................... 91i 2
Per Cent .............................. 911
Now 21 2
Do. por Cont. Jan. 1894
...........
per Con
~an. 1873 .... ... ...........
Annuities, SO yrs, expire sth Jan.,. IW.
Do. for 30 yre, expire sth April 1885...
Do (Red Sea Telegraph), Aug., 1908...
Exchequ3r Bills, £l,OOO, 2i per Ot. ......
Do
........................ pm
Do. £lOO & .£2OO ....
Bank of England Stock,;4l per Cent'... 239 41
D. opening ...................................
Canada 4 per Cent. Bonds ..............
inter-Colonial (k- .....

...vlOlll4 ..;MLIMM
INDIAN tIOVERNMENT BECURITIZtI.
India ltock,lo4 per Cent., April 1874 , --
Do. Opening, for Account
Do. 5 per Cent. July, 1880
Do. 4 per Cent., Oct. 1888
Do. Certificates —
Do. Enlaced Pape,. 4 per Cent..,... —
Do. 5 per Cert., Jan. 1872 ,e,.. losi
Do. 54 per Cent. May 1879 —
DJ 5 per Cent., Itup. Dob. 1872 —
Do do 1877 —
Do. do. 1882 —
D). Deb., 5 per Cent., Aug. 1873
Do. Bonds, 4 per Cent., £l,OOO
no. under £l,OOO l5 pm

O'CLOCK. PO
-REIGN FUNDS—TWO
Argen tine Republic, 6 per Cent ...... —
Do., Scrip £45
_
Au Arian Bonds 5 per cent ..
.
Brazilian Doper Cent 1859
._..._
_
Do. 4} per Cent. 1852
_
Do. do.
1858....
_
IN. do. 186,
_
Do. do.
1863
801
Do. 6 per do.,
1865
80
1)0 Account ........ ... ............. .
B os Ayres 6 per Cent.
Culi9Do 2 Per Cent. (Deferred 3 per Cent.)
~ 6 per Cent.
D
°'lliau 6 per Cent................ ..
Or). 4 i pert ent.... ........... ..
. 3 por nt., .
Poo. 6 per co,t. 1867•. . ........... ........ 96
. 7 por Cent., 1866 .......................
DaishC 10 nbian, 6'per Cent. ............ .
, 3 per Cent., 1825........•
Danish Principalities 7 per Cent lOl
i Do 8 per Cent., 1867,.... , —
4.gyp.„Naior Now tionsolidated, 1 per Cent, 131
1)0 tian, 7 per Cent...,. ...................
UoSecond letsue .......... ........
. 45. m. Bonds
00..t100 Bonds,
821
Do.
1864
Ts
o.
..................
-1-10. X5OO RondAccounta
I)0. 4106 Bonds . ................
...8
.. .....................
7;
English Scrip, 186 ......... 761
Do
do. :.£45 pd .
Govangueull
lialway Debenture!,