The Sun.
London, England, 1869-04-08 00:00:00

NEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
Settling accounts is the principal business to-
day, and from the limited supply of stock the
" bears" have commen3ed their operations, but
whether their exertions will produce the desired fall
in price is yet a great question. Consols have in-
creased in price, and the Threes and New Threes.
The abundance of money has given rise to favourable
anticipations, and indeed so sanguine are some
very influential persons that a reduction of the
minimum official rate, from 4 to 3i, within a fort-
night, is fully contemplated.

Consols are 93} I for money; ditto, for Ac-
count, 931; Three per Cent. Reduced, 93i ;
New Three per Cents, 91i 2i ; Exchequer Bills
£l,OOO, 4 pm par; ditto £lOO, £2OO, and £5OO,
par 5 pm ; Bank of England Stock, 4 per Cent.,
240 39 ex div.

India Stock, 101 per Cent., April, 1874, —;
ditto 5 per Cent., July, 1880, 112/ 13}; ditto 4 per
Cent., Oct., 1888, 1011 1 ; ditto Enfaced Paper, 5
per Cent., Jan., 1872, 105 ; ditto 51 per Cent.,
May, 1879, 1091.
In the Foreign Market prices are follows :
Brazilian of 1865, 80 to k ; Chilian of 1867,
95 to 1 ; Egyptian of 1864, 86 to
ex div. ; ditto of 1868, 761 to 77 ; Italian
of 1861, 551 to 1 ; ditto of 1868, 831 to
841; Mexican, 14i to 151; Peruvian of 1865,
79 4 ; Russian of 1.866, 901 4)911, ex div. ; Nicolai,
68 to 681 ; Orel, 82 to 1 ; Moscow, 79 to 791 ;
ditto Charkof, 77 to 1 ; ditto Charcow, 77 to 1 ;
Spanish of 1867, 311 to 1 ;
6 Turkish of 1858, 631 to
41} to I.
4 , ditto of 1862, 67 to / ; and ditto of 1865,
American 5-20 Bonds are better, viz., 831 to /.
Erie Railway shares are 24 to 24j ; Cen-
tral, 96 to 97 ; Atlantic and Great Western u
ort
De-
bentures,
31/ to 321 ; and the Consolidated
Mort-
gage Bonds, 311 to 321.
In the Railway Market stocks London and North
Western, Midland, and Caledonian have gone
to 1, but Great Goeat Eastern and Metr up
00..
litan have fallen 1. The paices as as follop w :
—London and North Western, 115 i to
Midland,
116;
Great Western, 491 to 49i ;
; London and South Western, 87 to 89 ;
South Great
Eastern, 371 to / ; Brighton, 48104 ito;
Eastern, 75i to / ; Metropolitan, 101 1021;
Great Northern, 107 to 108 ; ditto A, 109} to
110 ; Caledonian, 80k to 3 ; and London, Chatham,
and Dover, 16k to 4.
For Bank shares prices are—City, 12 to 1 ;
161 to a ; London and County, 51k to 52f ;
London Joint Stock, 331 to / ; London and West-
minster, 641 to ; Union of London, 361 to 4 ;
A.nglo-Austrian, 17 to 18 prem. ; and Imperial
Ottoman, 2 to I prem.
In 1 tiscellaneous stocks National Discount are
11?2L to ; General Credit, 1/ to 1 dis. ; Interna-
tional, 1/ to t dis. ; Hudson's Bay, 121 to ;
Telegraph Construction, 16/ to 17 ; Atlantic
Telegraph Eight per Cent. Preference, 3a to ;
and Anglo-American, 22,i to
The scrip of the Guatvnala Loan is quoted par
to prem.

The mortgage debentures of the Trouville Asso-
elation are quoted par to prem.
The Suffolk, from Port Philip, has arrived with
£Bl,OOO in gold.
There were no gold operations at the Bank yes-
terday.

It is doubted if there has been good foundation
for any of the recent notifications regarding the
Spanish Crown. It was highly improbable that
enor Olozaga would go to Lisbon either to offer

the Crown to King Ferdinand before authority for
such offer had been voted by the Cortes, while the
assertion • that the Portuguese Minister has been
ordered to volunteer a categorical refusal in an-
ticipation of it seems equally improbable. The
question at the present moment is creating much
excitement at Madrid, and every hour new rumours
are cinulated by the various political parties.
Among other reports is one to the effect that,
although King Ferdinand will not accept the
Throne, it will be taken by his second son, Dorn
Augusto, now 22 years of age, with an understand-
ing that his father shall asist him with advice.

Complaints are made of the absence of any dis-
tribution to the creditors under the liquidation of
the General Estates Company, which was ordered
to be wound up nearly three years ago, and placed
in the hands of a professional accountant, together
with one of the directors of the concern.

At the Mincing-lane markets business continues
upon a very moderate scale, owing, in some cases,
to the small supplies offering, and prie;s are conse-
quently, as a rule, firm. The public tea auctions
have closed, having passed off steadily without
altering previous qiaota;ions. Dye goods are
generally quiet ; at the periodical sales of cochineal,
however, a fair demand prevailed, and rates were
steady, eN apt for silver grain, which was sold
occasionally Id. per lb. cheaper.
An extraordinary meeting of the Italian Irriga-
tion Company (Canal Cavour) will be held on the
10th of May, at Turin, for the purpose of deliberat-
ing upon the report of the delegates appointed by
the general meeting of the 29th November, 1868,
and the appointment of the directors who are to
come in to form part of the new council of admi-
nistration so soon as approval is given to the con-
vention stipulated with the Ministers of Finance
and of Agriculture, Industry, and Commerce on
the 7th March ult., for carrying the concordat into
effect.

The susjension has been announced of Messrs.
Ferguson, Kemp, and Co., cloth manufacturers, at
Glasgow. The house was supposed to be weak and
their liabilities are small.

At a meeting at Manchester of the creditors of
Mr. John Hamer, manufacturer, who recently
stopped for £27,000, and proposed a composition
of 10s. in the pound, it was agreed to accept 13s.
4d. in the pound, in four equal instalments, in
four months, eight months, 12 months, and 18
months.

The transfer books of the Australian Mortgage
Land and Finance Company (Limited) will be
closed from the 15th to the 28th inst.

The eleventh ordinary general meeting of the
Standard Bank of British South Africa will be held
at the office of the company on the 23d inst.
An extraordinary general meeting of the share-
holders of the Credit Foncier of Mauritius (Limited)
is convened for the 14th inst., to confirm the resolu-
tions passed on the 25th ult.
At the annual general meeting of the Florence
Laud and Public Works Company (Limited) the
report of the directors and balance-sheet were
adopted. The company has made a profit of more
than £22,000 on public works alone, by which their
own property has been materially improved, while

17 acres of land have already been granted to the
company by the Municipality, on a portion of which
building operations are far advanced towards com-
pletion.