The Sun.
London, England, 1869-03-05 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

The business to-day was far from good, and
although Consols for money did nol recede, yet a
shade lower than yesterday was the pric3 for the
account. The Bank return is looked upon as
very unfavourable, and it is fully expected that
if not before, at least at the next meeting in the
Bank parlour, the rate of discount will be increased.
In the foreign market Turkish stock is depressed ;
American 5.20's are in demand, and Metropolitan
railway shares have improved.

Consols are 92i 4 for money ; ditto, for Ac-
count, 921 ; Three !per Cent. Reduced, 914 ;
New TL-4ree per Cents, 911 4 1 ; Bank of Eng-
land Stock, 4 per Cent., 242 4.
India Stock, 101 per Cent., April, 1874, —;
ditto 5 per Cent., July, 1880, 1121 4 ; ditto 4 per
Cent., Oct., 1888, 1001 1 x.d. ; ditto Debentures,
104 ; ditto Bonds under £l,OOO, 10 pr, tn.
In the railway market Caledonians have declined
1 per cent; 'Metropolitan, ; Great Western, d ;
Great Eastern, 4 ; and London, and North Wes-
tern, 1. South Eastern, however, is 1 better. The
prices are as follows :—London and North Western
1131 to 1141; Great Western, 471 to 481 ; Mid-
land, 1151 to 4 ; South Western, 88 to 90 ; Great
Eastern, 371 to 1 ; Brighton, 501 to ; South
Eastern, 751 to 761 ; Metropoliian, 1051 to 1061;
Great Northern, 108 to 109 ; ditto A, 105 to ;
Caledonian, 76 to I; and London, Chatham, and
Dover, 164 to 17.

In the Foreign market Egyptian of 1868, Russian
of 1868, and Ttplish of 1858 have declined a per
cent. ; Orel-Vitebsk and Charkof-Azof, -a ; Char-
cow-Kremen tschug, Nicolai, and Turkish of 1862
and 1865, I; Spanish of 1867, 3-16; and Egyptian
of 1868, Italian of 1861, and Peruvian of 1865, a.
The quotations are as follows :—Brazilian of 1865,
8O to 81 ; Chilian of 1867, 944 to 954 ; Egyptian
of 1864, 88- to' 891 ; ditto of 1868, 761 to 76i ;
Italian of 1861, 561 to a ; Mexican, 151- to a.

United States 5-20 Bonds, which have risen per
cent, are now 82i to 83 ; Erie Railway shares 24i-
; Great Western Debentures, 31i to 321 ; and
the Consolidated Mortgage Bonde, 314- to 32.
Bank shares are inactive. City, 12-1 to 121 ;
Imperial, 164 to 174 ; London and County, 511
to 4; London Joint Stock, 324 to 4 ; Union of
London, 364 to 371 ; Anglo-Austrian, 15} to 16i
prem. ; and Imperial Ottoman, 21 to prem.
In miscellaneous shares prices are almost no-
minal. National Discount, 11i to ; ; General Credit,
14 to dis. ; International, 1i to dis. ; Hudson's
Bay, 13i to ; Telegraph Construction, 184 to ;
Telegraph Eight per Cent. Preference, 4to ; and
Anglo-American, 221 to I.

The sum of £25,000 in sovereigns was withdrawn
from the Bank yesterday, of which 15,000 were for
South America, and 10,000 for Madras.

Another new Russian Railway Loan is an-
nounced from Amsterdam. The sum is to be 30
Millions of florins (about £2,500,000), and the
subscription will be opened to-morrow in Amster-
dam and Berlin. The issuing price has not yet
transpired.
It is stated that a small new 4 per cent. loan, for
about £140,000 of stock, in connection with the
banubian European Commission, will be an-
nounced in the course of a few days, through
Messrs. Bischoffsheim and Goldschmidt. The
security is unique, as the loan is guaranteed by all
the Great Powers.
It appears that the loan on Turkish Treasury
Bonds, as proposed by the Societe Generale of Paris,
is likely to meet with opposition in London. It
is contended that the securities offered in pledge
are already distinctly pledged to the holders of the
Turkish Consolidated Bonds, and, apart from this,
it appears that the various railway companies to
Whom the Turkish Government are under default
Will demand that no new security of that country
Shall be officially admitted to our market so long as
their grievances remain unredressed.
Telegrams from Brazil, via Lisbon, quote the rate
of exchange 180. to id., a decline of about id.
from that of the last mail. There is no later news
from Paraguay. Reports had been circulated that
Lopez had succeeded in rallying some of his fol-
lowers, but they were not generally credited.

The return of the Bankers' Clearing-house this
Week shows the heavy total of £90,399,000, being
£12,000,000 in excess of the return of the corres-
ponding week of last year. The increase was
caused by the largeness of the transactions in the
Stock Exchange, and by the payment of the rail-
way dividends.
A deputation of the Council of Foreign Bond-
holders and of Austrian Bondholders waited yes-
terday afternoon upon Lord Clarendon, at the
foreign-office, to solicit him to use his good offices
at Vienna in favour of the endeavours of the Coun-
cil to bring about a fair and amicable arrangement
With the Austrian Government for the conversion
of the Anglo-Austrian bonds. His Lordship stated
that, on receiving the application to the Austrian
Government, he would give all the assistance in his
Power.

As an amendment to the rules and regulations
of the Stock Exchange, the words iu italics given
below have jlst been added by the committee to
rule
21 :—" No foreigner shall be admissible, un-
less he be naturalised two years, or shall have been
a constant resident in this country during five
Years immediately preceding his application for
admission."

At a meeting of the Mediterranean Extension
Telegraph Company it was resolved to lay a second
Cable between Sicily and Malta at a cost of £ll,OOO,
to be defrayed out of the net earnings up to the
31st December next, after paying the usual interest
°U preference shares.
A

dividend at the rate of 10 per cent. is recom-
mended by the directors of Buick° w, Vaughan, and
Co• (Limited).
The ordinary general meeting of the Atlantic
e 1 ekr ap h Company is convened for the 19th of
March, but will be held pro forma only, and be
adjourned to .1 uly.
The ordinary meeting of the Bahia and San
.Francisco Railway Company (Limited) is called
for the Ist of April, when a dividend is to be de-
clared.

The annual meeting of the certificate holders of
the Foreign and Colonial Government Trust is
called for the 17th inst.

The directors of the Paraguassu Steam Tramroad
Company (Limited) have made a call of £2 per
share, payable on the 6th of April.
The return from the Bank of England for the
ik ended the 3d of March gives the following
eaults when compared with the previous week :-
11,8 t
Plll,l*
lc deposits
other deposits 17,550,588 Increase 81,434
Cu the other side of the account :
flovernment seouri-
tie,
£14,076,537 ... No change.
Ottekotes r securities 18,160,879 ... Increas6 1,852,842
inempleyed 8,359,860 ... Decrease... 1,028,415
amount of notes in circulation is £23,567,250,
,6111 an increase of £771,970 ; and the stock of
bullion in both departments is £18,021,457, showing
decrease of /249,758 when compared with the
keseding return.
Subjoined is a comparison of the present position
of the Bank of England and the prices of Consols
land French Rentes with the corresponding week of
l
14i Year :

It PreFent. Same Weeklast Year.
Itu
-erre
Rats
elaol diinesicrosuunlattion 23 '567 '250 23,593,380
3 Per cent.' 2 per cent.
..........
trey sh Rents'

BRITISH FUNDS—TWO O'CLOCK
UOVERNMENT FUNDS.
a Per Cent. Consols
Ditto for
i Account,
7„ Per Cent, Reduced 9li I
iltis' 3 per Cent
New 21 per Cent. Jan. 1894
A,,-;.-°•.5. Per Cen.1873
nuities, SO yrs, expire sth Jan., 1880 —
15,0. for 30 yrs, expire sth April 1885
1908—
I)ck
E "0 (Ited Sea TeleVap) Aug.,
Iclinquor Bills, £1,009h, ,21 per Ct.
.
X 690 -.