The Sun.
London, England, 1869-03-01 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.
According to Reuter's telegram from Paris to-
day, the French Rentes were 71f. 35c.
;
Consols are 93 f 3 for money ; ditto, for Ac-
tout,
Three iper Cent. Reduced, 93 f ;
dew Three per Cents, 93- 11.
iftlndia Stock, 10f per Cent., April, 1874, 211 12f ;
ditto 5 per Cent., July, 1880, 112-1 ; ditto 4 per
Cent., Oct., 1888, 1021 ; ditto Debentures, Aug.,
1873, 104.
In the Foreign Market stocks are dull, at a re-
duction of nearly in New Spanish Three per
Cents.. in :Mexican Bonds, and Turkish Five per
Cent. Bonds are fractionally lower ; Italian Five
13(r Cents. are slightly better, at 56f 561;
Greek Bonds are 12 12f ; Mexican, 151 to 15f
Spanish Three per Cents., 321 32}; Turkish
!:ive per Cents., 411 ; Honduras Ittilway
Loan, 85 87 ex c. ; and Russian (Nz 4f) Railway
Loan, 81 82.

111 the Railway Market prices continue steady,
Without much alteration. Great Eastern has
risen 1
per cent., Metropolitan Original ;I,
Caledonian, Sheffield, and North British 4, and
13,tightona are * better. On the other hand,
North Easterns have receded 1, and Midland,
iGreat Western, and South Easterns are
lower. The following are the quotations :
Caledonian 764 7 ; Great Western, 494 ; Great
Eastern, 38i 1 ; Great Northern, 107 8 ; ditto
105 1; Lancashire, 1241 54 ; Metropoliian, 106*
1061; ditto Extension, 1031 4i ; Midland, 117/
18; Sheffield, 531 541,- ; Brighton, 501 514 ; North
British, 364 1 ; North Western, 115 1 ; North
Eastern 1021 ; South Eastern, 78,1 pi; Chat-
ham and Dover, 164 174.
United States Five-Twenties are in demand,
and have advanced 1, to 821 to 821; the Bonds of
1885 4, to 81 to 81; ; but the Ten-Forty Bonds are
4 lower, at 74* 74i. Erie Railway Shares are
biter, at 244 to 251- ; and Illinois Central stock is
not quite so firm, at 961 to 97.
Atlantic Telegraph Original stock is unaltered
at 34 35 ; the Eight per Cent. Preference shares
remain at 4i 44 ; and Anglo-American Telegraph
shares at 224 4.
A sum of £26,000 in bar gold has been taken
from the Bank for shipment to Paris.
Letters from Paris state that the Turkish Loan
tco. be brought out there by the Societe Generale
will be in obligations of 400 f. each, bearing 30f.
Interest, and redeemable at 500 f., in four drawings,
to take place in April and October, 1872 and
1878•
Subscriptions will be invited in London and
Vienna.

An interim dividend, at the rate of 12 per cent.
Per annum, has been declared by the directors of
lcomb and Co. (Limited).
Advices from Manchester announce the failure of
Mr. John Pennington, spinner and manufacturer
°f Walk Mill, Colne, with liabilities estimated at
45,000, and assets at £25,000.
An adjourned meeting of the creditors of Messrs.
c'he Sparrow and Co., cotton spinners and manu-
facturers, an offer of ss. in the pound was made, bu
rejected. Ultimately a proposal to accept 6s. Bcl.
‘13.) ss. in three months, and ls. Bd. in six months
'Was agreed to, the executors promising to carry
this out, if practicable.
It appears from the last American advices that
the treaty negotiated by the United States with the
Government of Columbia (New Grenada) concedes
t
the United States the exclusive right to construct
an inter-oceanic canal across the Isthmus of Darien
1!t any point which may be selected by the United
States, The Colombian Government cede six
Miles of land on each side of the canal, and are to
receive 10 per cent. of the net income for the
first 10 years, and after the canal is paid for, 25
Per cent, of the net profits. The treaty is to be
ratified by the United States within 10 months,
tee surveys to be made within two years after the
ratification, the canal begun within five years and
finished within 15 years after the ratification
otherwise the charter fails. It is estimated to cost
$100,000,000.
The following notice regarding the Atlantic an
Great Western Railway Company has been poste
in the Stock Exchange :
February 27.
_

" I have now to advise the receipt of information
to the effect that the Erie Railway Company has
served an injunction, with the view, it is under-
stood, of preventing the issue of income bonds, &c.
The interests of the Atlantic and Great Western
Railway are in able bands, and energetic measures
have been adopted to remove all difficulties. The
programme of July last will be proceeded with im-
raadiately.

"L. J. WOODMAN, Secretary.
" P.S.—No intimation of Mr. Stebbins's resigna-
tion has been received."

Accounts from San Francisco continue to express
Strong anticipations as to the supply of wheat likely
to be furnished this year from California. The
rains have been very copious, and are considered to
give an assurance of a most abundant harvest. It
i 8 estimated that the yield for 1869 will be greatly
ln excess of any former year.
The directors of the Russian (Vyksounsky) Iron
works Company (Limited) have made a call of £2
er share, 10s. of which is payable on the 6th of
March, and £1 10s. on the 15th of May. They also
also announce that " they are on the eve of settling
,a satisfactory arrangement with the debenture-
holders
generally."
Vice-Chancellor Sir W. M. James has appointed
Mr. Arthur Cooper provisional official liquidator of
theCaY of Moscow Gas Company (Limited).
TheL anal instalment of £5 is to ba paid on the
, Extension shares of the East Indian Railway
'°,l3lpany by the 30th of March.
-Uhe total amount of calls due in March upon
English and Foreign Railway and Miscellaneous
shares is about £467,600.