The Sun.
London, England, 1869-03-09 00:00:00

MONEY MARKE T

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

Business had an improved tone to-day, and Con-
sols are a shade higher than yesterday. The foreign
market also looks better, and Securities are held
firm at yesterday's prices. There has been some
inquiry for Bank shares, but not to any great ex-
tent. The charge for first-class bills is 31 to 1 for
three months, and the price on 'Change for loans is
21 to 3.

Consols are 92i for for money ; ditto, for Ac-
count, 921 ; Three :per Cent. Reduced, 911 1 ;
New Three per Cents, 911 1 ; ditto Annuities,
April, 1885, 11 15-16 ex div. ; Exchequer Bills,
£l,OOO, 21 per Cent., par.
India Stock, 101 per Cent., April, 1874, 211 ;
ditto 5 per Cent., July, 1880, 1121 ; ditto 4 per
Cent., Oct., 1888, 1001 1 ; ditto Enfaced Paper
4 per Cent., 921.
In the foreign market Turkish of 1.865, Char-
kof-Azof, and Cliarcow-Krementschug have ha-
Proved 1 per cent. ; Peruvian of 1865 and Orel-
Vitebsk,l ; Spani.,l of 1867, 3-16 ; and Egyptian
of 1868, 1. The prices now are :—Brazilian of
1865, 80k to 1 ; Chilian of 1867, 941 to 951 ;
Egyptian of 1864, 894 to 891 ; and ditto of 1868,
754 to 76.

In the railway markets Midland has improved
to 1151 to a ; while South Eastern has declined to
754 to 1 ; London and North Western, 1131 to 1;
Great Western, 481 to / ; South Western, 88 to
90 ; Great Eastern, 361 to ; Brighton, 491 to
501; Metropolitan, 1051 to 106 ; Great Northern,
1071 to 1081 ; ditto A, 1051 to 106 ; Caledonian,
774 to 1; and London, Chatham, and Dover,
161 to i•
In Miscellaneous Shares National Discount are
111 to 1 ; General Credit 11 to dis. ; Inter-
national,? 11 to 1 dis. ; Hudson's Bay, 13+ to 14 ;
Telegraph Construction, 181 to 1; Atlantic Tele-
graph Eight per Cent. Preference, 4 to 1; and
Anglo-American, 221 to 1.
In Bank Shares London and County are 511
to 514 ; London Joint Stock, 321 to 32; ; London
and Westminster, 64 to 651 ; Union of London,
364 to 371; Anglo-Austrian, 15 to 16 prem. ; and
Imperial Ottoman, 2 to / prem.

American 5-20 Bonds are at 821 to 83, showing
a rise of f per cent. Erie Railway Shares, 24i to
25, being 4 better ; Illinois Central, 964 to 971 ;
Atlantic and Great IVestern Debentures, 321- to
; and the Consolidated Mortgage Bonds 321 to 4.
There were no gold operations at the Bank yes-
terday.
On the 29th of January a prospectus was suc-
cessfully issued of the British Indian Submarine
Telegraph Company, with a capital of £1,200,000,
for a line from Suez to Bombay, to be manufactured
by the Telegraph Construction and Maintenance
Company, and laid duwn by the Great Eastern
steamer. Yesterday another prospectus made its
appearance, for the Direct English, Indian, and
Australian Submarine Telegraph Company, with a
capital of £2,500,000, in shares of £5, This com-
pany also proposes to connect Suez and Bombay,
the difference between its programme and that of
the British Indian consisting in the lino to
be established between England and Suez (via
Gibraltar land Malta), on the one side, and the
contemplated ultimate extension from Bombay to
Australia on the other. Each company has a solid
and influential board of directors, but the public
can hardly fail to be perplexed by the extent to
Which the projects are identical, and consequently
of a directly4competitine character. Without some
explanation the rivalry will appear to be wasteful
and useless, especially as each company might, it
may be assumed, find ample scope for exertion and
profit by a division of fhe entire route from Eng-
land to Australia, instead of, as seems to be pro-
Posed, in laying down the double line between Suez
and India, and leaving the Australian communica-
tion for completion at some date.
The subscription for the £369,200 Six per Cent.
Bonds of the United Canal and Railroad Cam-
Panics of New Jersey, offered by Messrs. J. S.
Alorgan and Co., at the price of 86, has been
complected, and they are now quoted at 1 to 1
premium.

The guaranteed 4 per cent. loan of £135,000
for the European Commission of the Danube, in-
troduced by Messrs. Bischoffshein awl Gold-
schrnidt, is almost analogous to the guaranteed
Turkish 4 per cent. loan, which now stands at
1021.

One cause of the recent fall in Great Eastern
stock is stated to consist in the fact that the corn
pang have iutrolueel a bill applying for power
to create a further £1,500,000 for their Metropo-
litan Extension, and setting forth that the new
terminus in Broad-street, will alone cost £1,000,000.

The return for the week of the traffic of the
Great Western of Canach shows an increase of
£2,500.

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." The meeting will
then be made special for the purpose of considering
and confirming an agreement with the Buffalo and
Lake Huron Railway Company.
Creditors of the Trinidad Petroleum Company
(Limited) are required to send the particulars of
their claims to the liquidators by the Ist of May, the
loth of May having been appointed by Vice-Chan-
aellor Malins for adjudicating on them.
The sixth ordinary general meeting of the Mer-
chant Banking Company of London will be held on
Thursday, the 25th inst. The transfer books will
closed from the 11th to the 23d March.
The adjourned half-yearly meeting of the Metro-
politan District Railway Company is to be held on
the 11th inst. -
The half-yearly meeting of the Buffalo and Lake
Railway Company is convenel for the Bth
of April, and will be made special to consider and
confirm the proposed agreement with the Grand
Trunk Company.
The annual general meeting of the Tournay to
urbise and Landen to Hasselt Railway Company
18 Convened for the 27th inst., at Brussels.
An association has been formed called the Ha-
-talinah Cigar Brands Association for protecting
the cigar manufacturers of Havannah and the im-
porters and dealers of this country against fradu-
lent and colourable imitations of brands, labels, and
trade marks.
The Manchester papers announce that a meeting
of the creditors of Messrs. Shaw and Whittaker,
manufacturers, of Padiham, has been held, and
that it was agreed the estate should bo wound up
11eder a deed of assignment. The debts and liabili-
ties represented about £7,000, and the nominal
assets were £5,500.