The Sun.
London, England, 1869-04-15 00:00:00

ONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two oCLocK.
Government Securities gave way to-day in con-
sequence of the rumoured issue of another Spanish
loan. Foreign Securities also felt the depression.
Notwithstanding that the settlement occupies
the principal part of the attention of the brokers.
There has been a better business done in Railway
shares at improved prices. In the house the charge
for loans is 24 per cent.
Consols are 934 8 for money; ditto, for Ac-
count, —; Three per Cent. Reduced, 918 2 11 ;
New Tkree per Cents, 918 2 14 ; Annuities, April,
1885, 11 15-16 ; Exchequer BIIIBEI,OOO, 2 prem. ;
ditto £lOO, £2OO, and £5OO, 2 prem. ; Bank of
England Stock, 4 per Cent.,
India Stock, 104 per Cent., April, 1874, 210 12 ;
ditto 5 per Cent., July, 1880, 1134 ; ditto 4 per
Cent., Oct., 1883, 100 i ; ditto Bmds under
£l,OOO, 10 prem.
In the Foreign Market Spanish of 1867 bas
gone down 4 per cent., but Italian of 1861, and
Egyptian of 1868 have improved 4, and Orel-
Vitebsk and Turkish of 1865, Prices are
now as follow :—Brazilian of 1865, 80 to
; Chillian of 1867, 954 to 961 ; Egyptian
of 1864, 861 to 4 ex div. ; ditto of 1868,
764 to ; Italian of 1861, 554 to 564 ; ditto
of 1868, 831 to 844 ; Mexican, 144 to 4 ; Peruvian
of 1865, 788 to 794; Russian of 1866, 904 to
01, ex div. ; Nicolai, 65 to 4 ; Orel, 82 to
821; Mascow, 784 to 79 ; ditto Charkof, 764 to 771.
In the Railway Market a rise has occurred in
Midland, South Eastern, Metropolitan, Great
Northern A, Caledonian, and London, Chatham,
and Dover stocks. London and North-Western,
On the contrary, fell 4. Prices are :—London and
North Western, 115/ to 1 ; Great Western, 491
to •
, Midland, 1161 to 8 ; London and South-
Western, 87 to 89 ; Great Eastern, 374 to 38 ;
Brighton, 474 to 1 ; South Eastern, 754 to ;
Metropolitan, 1034 to 4 ; Great Northern, 107
to 108 ; ditto A, 109 to 4 ; Caledonian, 784 to
79/ ex div. ; and London, Chatham, and Dover,
171. to 181.
American 5-20 Bonds have declined to 834 to 4 ;
Erie Railway shares are 234 to 24 ; Illinois Central,
964 to 97 ; Atlantic and Great Western Deben-
tures, 31 to 32 ; and the Consolidated Mortgage
Bonds, 30 to 4.
In Bank Shares, London and Westminster, are
634 to 641 • ; London and County, 504 to 501 ;
London Joint Stock, 324 to 331 ; Union of Lon-
don, 364 to 361 ; Anglo-Austrian, 17 to 18 prem. ;
and Imperial Ottoman, 21 to 1 prem.
In Miscellaneous Shares Hudson's Bay are ss.
better, at 131 to 4 ; National Discount, 114 to 4 ;
General Credit, 14 to 1 dis. ; International, 14 to 1
die- ; Telegraph Construction, 164 to 174 ; At-
lantic Telegraph Eight per Cent. Preference, 34
to 4 ; and Anglo-American, 224 to 4.
There were no gold operations at the Bank yes-
terday. The result of the transactions during the
Week since the date of the last return has been upon
balance a withdrawal of £69,000.
Telegrams from Paris announce that a Spanish
loan for a net sum of ten millions sterling has been
contracted with Messrs. Oppenheim, of Paris, and
Messrs. Sulzbach, of Frankfort. Subscriptions for
one-fourth of the amount will, it is said, be opened
almost immediately in London and in all the prin-
cipal markets of the Continent, and the remaining
three-fourths will be brought out at later periods.
The operation has the support of a large combina-
tion of the Paris bankers.
The telegram from Madrid stating that " Senor
Figuerola, the Minister of Finance, proposes to
unify the public debt by allowing the next half-
yearly interest due in June to accumulate and be
added to the capital" seems incomprehensible. It
would appear to be simply a declaration that the
next half-yearly interest will not be paid, and it
would be difficult to conjecture what influence this
default could have in " unifying" the public debt.
All necessity, however, for speculation on the matter
is apparently removed by the announcement of the
new loan, NI Bich, it may be presumed, has for one
of its immediate objects the payment of the dividend
in question.
At a meeting of the London Gaslight Company
dividends upon all classes of preference shares and stocks were declared.

At the annual meeting of shareholders of the
Agra Bank (Limited) the report was adopted.
The meeting of the creditors of Mr. Juhn Cross-
ley, woolstapler and warp maker, of Halifax,
'whose liabilities are estimated at £38,000, has
been adjourned to the 21st inst., to consider a pro-
posal made of a composition of Bs. in the pound.
The failure is announced of Messrs. P. Kean and
Co., fancy dress manufacturers, of Glasgow. The
liabilities are stated to be inconsiderable.
At an adjourned meeting of the creditors of
Messrs. R. Watson and Co., spinners and manufac-
turers, of Church, Somersetshire, to consider an
offer by the firm of a composition of 53. in the
pound, the proposal was declined. Proceedings in
bankruptcy will be continued.
The report of the Demerara Railway Company
has been issued. It states that there has been a
net profit for the six months ending the 31st De-
cember last of £6,685 11s. ; and, after payment of
the preference dividend, the customary dividend of
2i per cent. per annum on the original stock is re-
commended, leaving a balance of £993 9s. 9d. to be
carried forward.

At the meeting of the Credit Foncier of Mauri-
tius (Limited) the special resolutions passed on the
25th ult. were confirmed.

The annual meeting of the proprietors of the Na-
tional Provincial Bank of England will be held on
the 13th of May.
With reference to the East and We3t Junction
Railway Company notice is given that a petition
praying the confirmation of a scheme of arrange-
ment between the company and their creditors is
to be heard before Vice-Chancellor Juno on the
Ist of May.

BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT FUNDS.
3 per Cent. Consols
Ditto for Account 931
,
8 per Cent. Reduced ............................
New 3 per Cent —94 2 11
New 21 per Cent. Jan. 1894 9li 2 li
Do. 5 per Cell Jan. 1873 ...............
Annuities, SO yrs, expire sth 11717, iTtA7
Do. for 30 yrs,__ expire sth April 'BB5 1-1. 15-16
Do (Red Sea Televapll), Aug., 1908: ___
Exchoquftr Bills, .£l,OOO, 2i per Ot. ....... 2
£5OO ........................ 2 6 pin
.Do
Do. £lOO & £2OO ............. 2 '
Bank of England Stock,:4f per Cent ... 239 41
Do. opening . —
Canada 4 per Cent. Bonds —
Inter-Colonial Uranium
INDIAN GOVERNMENT SECURITIES
India stock: 10iper Cent., April 1874 2lO 12
Do. Opening, for Account -
Do. 5 per Cent. July, 1880
Do. 4 per Cent., Oct. 1888
Do. Certificates —
Do. Enfaced Pape. 4 per °Aut..... —
Do. 5 per °mt., Jan. 1872 .....e. —
Do. 54 per Ot=ut. May 1879 —
D.) 5 per Cent., Rup. Deb. 1872 —
Do do 1877 —
Do. do. 1882 —
Dom. Deb., 5 per Cent., Aug. 1873
Do. Bonds, 4 per Cont., £l,OOO
Do. tinder X1,000

FOREIGNIFUNDS—CLOSING PRICES.
Argentine Republic, 6 per Cent
Do., Scrip £45 paid ..
A.unian Bonds 5 per cent
O. 1859
lirazilian D
5 per Cent — 00. 41 per Cent. 1852 —
Do. do. 1858.. .
o. do. 186 , -
1)0.
do 1863 —
Do. 5 per Cent., ltqis
bo Account
Do 26 peg' Cont — 'enos Ayres 6 per Cent.
Cuba,
01)10i vippeporerr 'eneiitt.,
......
(Deferred 3 per Cent.)
Do.—
C t
to. 7 per Cent, 1866
C lombian, 6 per Cent. Danish. 3 per Cent., 1825........, -
Dnbian Principalities, 7 I.,er Cent
114 ntlador New Consolidated, 1 per Cent
xagYlptian, 7 per Cent.... ................... ...
De Second Issue ............. .. ............
Do. £5Ol, Bonds...
Do. XlOO 80nd5...........................
11.11 ....'