The Sun.
London, England, 1869-04-30 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two oCLocK.
1 ;
Consols are 934. for money; ditto, for Ac-
count, 93 I Three per Cent. Reduced, 921 2 ;
New Three per Cents, 921 2 ; Exchequer Bills
£l,OOO, 2 7 prem. ; ditto £lOO, £2OO, and £5OO,
2 7 prem.
India Stock, 101 per Cent., April, 1874, 2124 ;
ditto 5 per Cent., July, 1880, 1144 15 ; ditto 4 per
Cent., Oct., 1888, 100:1 4. ; ditto Enfaced Paper,
5 per Cent., 1031.
In the Foreign Market New Spanish Three per
Cents. and Tut kish Five Cents. have declined nearly
to 29 294. and 49i 424 respectively ; Peruvians
are also 1 lower, at 77 77i ; Mexican Bonds remain
at 14i 144. ; Greek Bonds at 11 111, and Italian at
54 56.
The Danubian Commission Guaranteed Loan is
firm at 1 11 prem.
The Honduras Loan is firm at 82, 84 ex coupons.
In the railway market Great Western are k
lower, Great Eastern 1-16, Gnat Northern
Metropolitan 1-, Midland Brighton i, North
British 1, North Eastern 1, South Eastern I.
The quotations are :—Caledonian, 77; 781;
Great Western, 914 4. ; Great Eastern, 38 ;
Great Northern) 1064 74. ; ditto A, 1081 9 ; Lan-
cashire, 1224 31 ; Metropolitan, 1031 ; ditto
Extension, 100 1 ; Midland, 1141 ; Sheffield,
554 6 ; Brighton, 47i 8 ; North British, 341 s ;
North Western, 1154 16 ; North Eastern, 103
South Eastern, 76 ; Chatham and Dover, 17; 4-.
United States Bonds are 804. to 80i ; the 1885
Bonds, 784 to 781; and the Ten-Forty Bonds, 73}
to 73i, showing in each case a fall of t. Eries have
receded t, to 204 to 21t.
There were no gold operations at the Bank yes-
terday.
La Plata is telegraphed at Lisbon from Brazil
with £31,013, and the Siam, from Auckland, has
brought £71,000.
The Bank of France return shows a further in-
crease of £140,000 in the bullion. The notes in
circulation, however, have also been augmented
£693,320, and the bills discounted £1,640,000.
A. telegram from the Banque de Paris has been
Posted in the Stock Exchange, stating that Signor
riguerola, the Spanish Minister of Finance, had in
the most emphatic manner denied in the Cortes the
reports concerning the unification of the debts of
the country. lie also stated that the money for the
Jnly coupons had been fully provided for.
At the meeting of the Tahiti Cotton and Coffee
Plantation Company (Limited) the directors' re-
port was adopted after a long discussion.
It is understood that by the arrangement made
between the Turkish Government and the South
Austrian Railway Company, the latter undertake
to work the line to be constructed from Basiasch,
the extreme eastward point to which the railway
extends in Hungary, to Rustchuk, a distance of
about 250 miles, and thence to work the existing
hoe from Rustchuk to Varna, at present the pro-
perty of a company, so as to complete, and place
under a single management, the line of railway
coronaunication between Germany and the Black
Sea.

The following is the official return of the cheques
Ind bills cleared in the Bankers' Clearing-house for
tias week ending Wednesday, April 28 :

Thursday, April 22 - - £13,570,000
Friday, April 23
Saturday, April 21
Monday, April 26
Tuesday. April 27
Wednesday, April 28 7,939,000

£64,678,000

Mr. E. lleseltine has resigned his post as chair-
41an of the Buffalo and Lake Huron Railway.
Air. William Fleet Smart has been appointed
official liquidator of the Calder Vegetable Silk Com-
Pany (Limited).
Mr. James Cooper, the official liquidator of the
New Zealand Banking Corporation (Limited),
has announced that the arrangements for settling
With the creditors of the Corporation, as sanc-
tioned by the Court of Chancery, are now cam-
Plete, and that checks and promissory notes for the
balances due are ready for issue.
Tho fluctuations in Atlantic and Great Western
Bonds and Debentures and Erie Rail way Shares,
appear to be bringing the public to a sense of the
policy produced by the late operations. It i no .v
"iddut that the holders of any of these securities
are quite at the mercy of the manipulators of the
"wires between New York and London ;" because
a rise or a fall may be encouraged just as the
Wishes of the dealers may suggest. The drop has
compromised a large number of individuals, and
those who have held with the view of realising at
a comparatively satisfactory price, will again have
t° Wait a rally should it occur, though meanwhile
there will be sundry variations.
Mexican dollars are scarce, and, being in de-
mand for Coina, have risen to 4s. 110. per
is"cee. Bar silver is dull, and the inquiry for India
411 temporarily abated, pending the result of the
tenders for bills next week.
The figures of the Board of Trade returns for the
Past month are more satisfactory than might have
been anticipated from the reported dulness in nearly
all branches of business, and especially in Lanca-
16ire. The declared value of our exports shows an
111 crease of £868,216, or about 6 per cent., over
the corresponding month of last year, and about 4
Per rest. over March, 1867.
The letters and newspapers from Buenos Ayres
t° the 23d of March, brought by the Hipparchus,
,are satisfactory. The price of the national funds
had reached 501, showing an advance of 2 per cent.
glace the sailing of the French packet.
bill has been filed in Chancery by two share-
holders of
„the Great Luxembourg Company to
restrain the directors from paying the dividend
recommended for the half year ending 31st Decem-
ber e
zt,• The plaintiffs state they have recently
:14eovered that the last published accounts of the
Prc'caPny were " fallacious," and that there was no
fit from which a dividend ought to have been
Pala on the ordinary or preference shares.
Tha return from the Bank of England for the
Wank ended the 28th of April gives the following
results when compared with the previous week :
Itest
£3,137,868 ... Increase ... £7,624
0111710 de 4,969,002 ... Increase ... 13,559
(1-I'Sr deposits's 16,968,181 ... Decrease ... 691,097
ii‘ja thn other side of the account :
°Tema:tont securi-
-oJ!** .............
xouter securities 37,083,093 ... Decrease 286,913
T" unemployed 7,341,245 ... Increase ... 85,070
The amount of notes in circulation is £23,493,375,
beltlg a decrease of £144,575 ; and the stock of
bullion in both departments is 116,981,179, showing
a
decrease of £48,972 when compared with the
preceding return.
Subjoined is a comparison of the present position
01 the„d Bank of England and the prices of Consols
j French Rentes with the corresponding week of
at Year

At Present. Same Weeklast Year.
Bullion ...... ... £16,981,179 ... £20,632,886
Reserve ........ ....; 8,187,504 ... 11,481,781
Rate of discount n".
per cent. 24,151,105
Notes in cirou.l ........ 23 493 375 .
4 per cent. ...
Consols 3i 31
~_.
69f. 32c.
' r rich Relates er cent.

BRITISH FUNDS—CLOSING PRICES.
3 (iOVEUSIIENT FUNDS.
per Cent. Consols
tDitto for Account,
Per Cent. liedueed 931 i-
Ken, 3 per Cent
99± 2
Dot/ per Cent. Jan. 1894
i an. 1873
annuities, SU yre, expire sth Jun., 1881' —
D
De for Su yr, aspire sth April 1885 —
r, o (Red Sea Tele4rttpli), Aug., 1908 —
Do
''''tietin74 bills, £luoii, 21i, per Ct.
.£5
4.l)Lei, : 0U
t 2 7
11
£lOO & £2OO
of England Stock, 4.1 per Cent
Inte
opening
"tatttlit 4 per ugnt
muII O - Gnrniiiii.....--... —
r-Colonial rn
INDIAN UOVEYME ,
Do. Lock,
NECURITIE
India R 101 per Cent., April 1874 2121
Opening for Account -
Do. o, 5 per Cent. July, 1880
D 4
O. Cert perificates Cent., Oct. 1888
Do. Enlaced Pape, 4 per Cent....... , 921
Do. 5 per Cent., Jan. 1872 .... ..,,,. . 105 k
Do. 5i per C.•=nt. May 1679 —
D-) 5 l'e% Cent.; Imup. Dot): 1872 - - •
Do do. 1877 —