The Sun.
London, England, 1869-04-02 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

Business to-day was inactive, yet prices were
maintained in almost every security of importance.
The increase in the minimum rate of discount has
given rise to a fair demand for money to meet
the engagements on the 4th instant ; but
bills of first class, for short period;, are
taken a shade under the bank rate. In the mis-
cellaneous market prices remain almost stationary
and in banking shares the changes were only
trifling, but in favour of the London and Westmin-
ster and London ani County. The Albion and
South Western have not recovered the fall they
experienced of £1 yesterday.
Consols are 924 for money; ditto, for Ac-
count, 924 a ; Three per Cent. Reduced, 91f 1;
New Tkree per Cents, 91f 1 ; Exchequer Bills
£l,OOO, par; Bank of England Stock, 4 per Cent.,
shut.

India Stock, 101 per Cent., April, 1874, ;
ditto 5 per Cent., July, 1880, 1121 ; ditto 4 per
Cent., Oct., 1888, ; ditto Enfaced Paper, 5 per
Cent., Jan., 1872, 1046.

In the foreign market a fall of has taken
place in Italian Five per Cents., which are now
54-/ 54k, and 40/ 41. Mexican Bonds remain
at 15 151 ; Greek, 14 12 ; New Spanish Three per
Cents. at 30-1. 311; and Honduras Railway Loan
at 83 85 ex coupon.
The Danubian Commission Guaranteed Loan is
1 prem.

The Mortgage Debentures of the Trouville Asso-
ciation is 1, 1 prem.
In the Railway Market Great Westerns are i
better, and Metropolitan 1, Brighton and North
Western If. Great Northern are f lower, ditto A 1,
and North Prices are as follow :—Caledonian,
79} 80 ; Great Western, 49 f; Great Eastern,
; Great Northern, 107 8; ditto A, 1081
; Lancashire, 122 k 223 ; Metropolitan, 1011 4 ;
ditto Extension, 99f 100 f ; Midland, 1164 k ;
Sheffield, 55 i ; Brighton, 48k ; North British,
35 ; North Western, 115 115 f ; North Eastern
(Berwick), 102 f ; South Eastern, 75 75f ; and
London, Chatham, and Dover, 15i 16i.
In American Securities there has been a fall of
in the 1855 Bonds, to 811 814. The Five-Twenties
remain unaltered, at 83f 831, and Ten-Forty
Bonds at 73i 73i. Illinois Central Railway stock
has recovered to 96i 97, and Eries remain at
24 243.

Atlantic Telegraph Original Stock is 26 27, the
Eight :per Cent. Preference Shares at 31 34, and
Anglo-American Telegraph Shares 22 221.
A further sum of £82,000 in American eagles
was withdrawn from the Bank yesterday for trans-
mission to New York.

The Tycho Brahe sailed from Liverpool to-day,
full took £25,600 for Brazil.
The City of Limerick, from Brazil, has brought
£15,000, and the Oneida is telegraphed at Lisbon
with £8,475.

The Joint-Stock and other banks have advanced
their rate for deposits from 2 per cent. to 3 per
cent., and the various discount establishments now
allow 3 per cent. for money at call, 31.- for deposits
at seven days' notice, and 31 for 14 days' notice.
It is stated that the arrangements have been com-
pleted for the introduction here of a new Portuguese
Loan, and that the issue may be shortly expected
should the conditions of the Money Market prove
favourable.

The directors of the Oriental Bank have resolved
to recommend a dividend of 6 per cent. for the half-
year ending the 31st inst.
At a meeting of the proprietors of the Bank
of Scotland, held in Edinburgh, a dividend at the
rate of 11 per cent. per annum, and a bonus of 1
per cent., less income-tax, were declared for the
past half-year.

Annexed is a itelegram received by the Don
Pedro (Brazilian) Gold Company :
" Produce cleaned, Ist of March, 15,819 oitavas ; esti-
mated for February, 18,000 oitavas."
A telegram from Holland states that the annual
spring sale of Banca tin was held yesterday in Am-
sterdam, where the total quantity offered was all
sold at 821 guilders, equal to i. 141 delivere 1 in
London ; all orders being curtailed 30 per cont.
The directors of the Oriental Bank intend to pro-
pose, at the meeting on the 22d inst., a dividend of
6 per cent. for the half-year ended the 31st of De-
cember.

The London, Chatham, and Dover Railway
traffic return, including the Metropolitan Exten-
sion and branches, shows this week an increase of
£3,865 over last year ; the Metropolitan Extension,
separately, an increase of £1,135; the Lancashire
and Yorkshire, an increase of £4,965 ; the Man-
chester, Sheffield, and Lincolnshire, an increase of
£3,099 ; and the North Eastern, an increase of
£7,555.

Under the arrangement newly announced the
dividends will be payable at the Bank of England
on Tuesday the 6th inst. Under the old practice
they would not have been payable until Thursday,
the Bth.

An instalment of 15 per cent. fell due yesterday
on the Charkow-Krementschug Railway loan for
£1,716,000, issued last November. The final in-
stalment of 20 per cent., making 80 paid, is pay-
able on the 10th of May.
Messrs. Speyer Brothers have given notice that
the £500,000 of Pennsylvania Railway short bonds,
due the 2d of April, are now being paid off.
Tha return from the Bank of England for the
week ended the 31st of March gives the following
results-when compared with the previous week :
R•st e
de £3,689,535 Decrease ... £5,873
Other de posits
Put,liposits
Un 17,479,293 ... Increase 445,842
tho other side of the account :
Government securi-
ties......
£14999053 ... Increase ... 1,000,000
Notes
Other securities
unemployed 7,862,295 ...'Decrease ... 1,119,880
The amount of notes in circulation is £23,611,525,
being an increase of £675,100 ; and the stock o
bullion in both departments is £17,573,023, showing
s. decrease of £462,202 when compared with the
preceding return.
Subjoined is a comparison of the present position
of the Bank of England and the prices of Consols
and French Renter with the corresponding week of
hat year :--

At Present. Same Week
last Year.
RBullion ............... .Z17,573,023 .. £21,104,112
eserve 8,961,438 ... 11,936,307
Notes in circulation 23,611,525 ... 24,167,805
Rate of discount 4 per cent. ... 2 per cent.
Cm's°ls
French Routes 7of. 12c. 931
69f. 42c.

BRITISH FUNDS—CLOSING
.PRICES.
GOVERNMENT FUNDS.
I
8 per Cent. Consols
i
Ditto for Account,
3 per Cent. Reduced 91.1 1
New 3 per Oent 1
New 2i per Cent. Jan. 1894
Do. a per Cen J an. 1873
Annuities, 80 yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 —
Do (Red Sea Telek,raph), Aug., 1908 —
Exchequer Bills, £l,OOO, 24 per Gt.
De
.£5OO
De.
Bank of England Stock, 4 per Cent Shut
D4b.f opening —
Canada 4 per Cent. Bonds —
Inter-Colonial Onanntna
iNLIA.N dOVERNMENT SEcuitrritti.
India },cock, 104 per Cent., April 1874.-
Do. Opening, for Account -
Du. 5 per cont. July, 1880
Do. Certificates
Do. Enfaced Pape. 4 par Cent.. ... —
Do. 5 per Cert., Jau. 1872 ....
Do. sir per C.-qt. May 18741
L. 5 per Cent., Rup. Deb. 16,72
Do
Do. do 1877
do. 1882 —
D. Dob., 5 per Cent
Cent, £l,OOO . 1873 ~
Do. Bodsor,—
Do. undner, 4 p
.£l.OOO
FOREIGN FUNDS—CLOSINO PRICES.
ArZotittut-3 itepllbite, 6 per Ueut .. i
Do., Scrip 443 paid .. ..
Au-Arian Bonds 5 Per ce.n. .
Do. W 9 .... BraLilian 5 per Cent .....................
.. .
no. 44 per Cur '.•• ...........

D pt, ,nt. 1852 ....................
o. do. 1858.... Do. do. 186 .................. -
... .........
Do. do., 1863 .....................
Do. 5 per
Cent., 1865 .....................
Do Account ................................ 80
Buenos Ayres 6 per Cent. ................. 914,
CDo 2 per Cent. (Deferred 3 per ()silt.)
übs 6 per Cent. ..............................

HER MAJESTY.

WINDSOR CASTLE, April 1.

The Queen, accompanied by Princess Beatrice,
and attended by the Duchess of Roxburghe, drove
out yesterday afternoon.

her Majesty, accompanied by Princess Louise,
walked and drove in the grounds this morning.
Prince Leopold and Princess Beatrice also went
out.

NEW AIfERICA.