The Sun.
London, England, 1869-07-05 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE

CITY, Two O'CLOCK.
Consols rose to-day, at 93 128 for money ;
ditto, for Account, 93 ; Three per Cent. Re-
duced, 931 3 ; New Tkree per Cents, 93 1 2+.
India Stock, 10/ per Cent., April, 1874, shut ;
ditto 5 per Cent., July, 1880, 111+ ; ditto 4 per
Cent., Oct., 1888, 100 l ; ditto Enfaced Paper,
51 per Cent., 110+ ; ditto Bonds £1,000,12 prem.;
ditto Bonds under £l,OOO, 9 prem.
In the Foreign Stocks there is a rise of 1 in
Turkish Five per Cents., at 45 to 451 ; ditto Six
per Cent , 651 to 661 ; Charkof, at 79 to 791 ;
Orel, at 801 to 81 ; Argentine, 781 to 79 ; and 1
in Peruvian, 761 to 771 ; Egyptian (1868), 791
to 80 ; Fgyptian (1864), 89 to 90 ; Spanbh, 281
to
.281 ; Brazilian, 831 to 831 ; Danubian Eight
per Cents., 871 to 881.
United States Five-Twenty Bonds area higher,
at 811 to 81+ ; Illinois are also 1 better, at 95 to
96 ; while Erie Shares are 1 lower, al9l to 19,1.
In the Railway Market a general advance of
about per cent. has taken place upon Saturday's
rise. The following are the prices :—Caledonian,
791 to 791 ; Great Eastern, 39 to 39+ ; Great
Northern, 107 to 108 ; Great Northern (A), 107- to
108 ; Great Western, 501 to 51 ; Lancashire and
Yorkshire, 125 to 126 ; London and Brighton, 441
to 45 ; London, Chatham, -and Dover, Ft to 171 ;
London and North Western, 119 .to 119+ ; London
and South Western, 89 to 91 ; Metropolitan, 97/ to
971 ; Midland, 1171 to 118; North Eastern
(Berwick), 106 to 1061 ; and South Eastern, 78
to 781.
Miscellaneous Securities are quict,and prices show
no natural alteration. Anglo-American Telegraph
is firm at 20a to 20+ ; General Credit is steady, at
11 to 18 dis.; International Finance, 21 to 1+ dis.
ex div.; National Discount, 111 to 111; and Hudson's
Bay, 121 to 13.
The dealings in Bank Shares are not very ac-
tive, but prices continue well supported. Agra (A)
is quoted at 101 to 11; Alliance, 131 to 141'; Anglo-
Austrian, 16 to 18 prem., ex div. ; London and
Westminster, 611 to 621; Oriental, 41. to 42 ; Lon-
don Joint Stock, 311 to 321 ; and Union of Lon-
don, 371 to 381.
English wheat being in very short supply, no fur-
ther decline is quoted.
The sum of £22,000 in gold was taken to the
Bank on Saturday, including 10,000 sovereigns from
South America.
The Californian gold bars which a few days ago
arrived at Southampton by the steamers Donau
and Bremen came to New York by the Pacific
Railroad. They were delivered in London within
20 days from the time of their despatch from San
Francisco.
The confidence generally entertained in the gra-
dual consolidation of a steady Government in Spain
continues to be strengthened by the prospects of the
harvest in that country. The accounts from all
parts seem favourable.
The most rapid redistribution of races ever wit-
nessed seems likely to occur during the present
generation in the influx of Eastern people to the
Western States of America on the Pacific. During
the year 1866 the arrivals in California from China
and Japan were 2,300, in 1867 they were 3,300,
and in 1868 they were more than 10,000, while this
year they are expected to exceed any previous total.
An association of leading politicians has been formed
to encourage the immigration, and it is proposed to
introduce these people also into the Eastern section
of the United States, a house in Chicago having,
according to report, sent out an agent to China
to con tract for 50,000 to work the Southern plan-
tations. It is the completion of the Pacific Rail-
road that affords facilties for these plans, and an
idea appears to be entertained that " during the
next three years the increase of Chinese population
will be limited only to the means of transporta-
tion." Their value as labourers is becoming greatly
appreciated, and instead of persecuting them the
disposition is now to meet their views and afford
them protection. They are supposed to hoard
their sped-3, and it is anticipated "to get
up a savings bank which wiJ eecura their
confidence." The importation of Chineee women
is attended to, and 1,250 were landed in San Fran-
eixo on the 20th of last month. With regard to
the relative conduct of Chinese and Irish or Ame-

rican Labourers, the ,S'acramento Union contrasts the
mode in which the portion of the Pacific Railroad
on the California end, where Chinese were chiefly
_ _

etnplyed, was constructed with that which distin-

finished the other parts. That paper says :—" We
b_lieTe it is now generally conceded that the work

on the California end of the Pacific Railroad has
been conducted with far more regularity and good
order, if not dispatch, than on the Union Pacific.
The feat of laying down ten miles of rail in one
day last week astonished the Uniou Pacific mana-
gers. It is also a fact that the labourcrs on this
end have been much better behaved and disciplined
than on the other end of the road. We do not re-
call to mind a single death by wanton violence on
the line of the Central Pacific during the past year,
while hardly a day has passed at the other end of
the road without some murder or other atrocity.
We think a great deal of this good order and absence
of violence is fairly attributable to the natural docility
of the Chinese race, who have composed a great
part of the force on the Central Pacific. Doubtless
much of it is due to the rule which excladed ardent
spirits ; but not all. The Chinese have honestly
won a compliment for good order, sobriety, and
good work, which ought to shame those white
ruffians who are in the habit of traducing their
morals at the same time they are murdering each
other."

A report is current that an important d(cision
has been come to between the British and Portu.
guess Governments bearing on the wine duties and
the general tariff question.
The suspension has been announced of Messrs.
George Smith and Sons, of Preston, cotton spinners
and manufacturers. As the home had been esta-
blished in Lancashire nearly half a century, and
enjo3 ed fair credit, the liabilities are supposed to
be large. They employed about 200 operatives,
while the firms of Messrs. R. and W. Jackson and
Mr. Bourne, which have also stopped, employed
about 300 each, making a total of 800 thrown out
of employment.

The suspension has been announced of Messrs.
Buck and Watkin, engineers and toolmakers, of
Halifax. The liabilities are stated at £10,431,
with assets for £9,725, and it is expected the estate
will realize over 18s. in the pound.

BRITISH FUNDS—TWO O'CLOCK.
CiOVEUNMEXT irUNDs.
a per Cent. Consols
93
Ditto for Account, July 7
931 3
NewB PQr Cent. Reduced
93 2/
8 per Cent
w2f per Cent. Jan. 1894
A.unuities, 80 yrs, expire sth Jan., 1880 —
DDo. fur SU yra, amptre sth April 1885 --
ocßed Sea Teletoraph), Aug., 1908 —
Equ:r Bills, £I,OOU, 21 r. Lt. March Pr
Do. 3 do. June
BDo
£lOO, £2OO & £SOU ....
ank of England Stock, 41 per Cent
Ca
DQ. opening —
,nuda 4 per Cent. Bonds —
'llter-Oolonial Unannun
INDIAN UOVERNMENT SECURITIEb
India k'tock, 10
Do. Openi f per Cent., April 1874 —
ng, for Account _
De. 5 per Cent. July, 1880
D°. 4 Pe= Cent., Oct. 1888 1118
Do. Certificates i I ficates
Do. Enfaced Yap,„ 4 per 0,4ut.. .-• —
pDo. 5 'or Oert Jan. 1872 ... . . -,-- —
• ,
a. 51. per Ccint. May 1679 l.lOl
1.1,) eper Cent., Lap. Deb. 1872 — r.-Jo
do 1877
.1.k.. Deb
do. 188'1
Do
Bonds,., 54
per Cent., Aug. 1873
per Cent , ..El.OOO
Do. under Cl.OOO
......
FOREIGN FUNDS_ TWO O'CLOCK.
A.rgenti
Sultrian ue Republic, f; per Cent
Bonds 5 rer cent ...... ••••
Do. ips9 —
Brazilian 5 per Cent
1),-,3* 44 per Cent. 1852 _-
110.0 do -
18a8... .............
ou.
1861 . _
Do. d 0.,, 1863 G9I
1)0. 5 Pe; bent , 1865
..,.. Do Account .. *
...)Aeno. Ayres
,• ..... •" ..................
.._.
t,,, . e per Cent
" Per Cent. (Deferred 8 per Cent ) —,