The Sun.
London, England, 1869-03-13 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocx.

The operations to-day were confined principaly
to sales, and this brought about a general dulneFs.
The increased demand for specie for the Continent
has not tended to improve the state of affairs. The
Government Securities gave way a shade in value in
sales for money, but for the Account the prices of
yesterday were maintained. The demand for
United States and Continental Securities
has not been better than that for English, and as
far as improvement goes we can only note Ame-
rican 5-20 Bonds as the stock to which such favour-
able return has taken place. The railway market is
by no means active, but an improvement has taken
place in South Westerns.

The rate of money on 'Change is 3 per cent. for
first-class paper.
Consols are 924 a for money ; ditto, for Ac-
count, 93 ; Three per Cent. Reduced, 911 k ;
New Tkree per Cents, 91'1 ; Exchequer Bills,
/1,000, 2i per Cent., par; Bank of England
Stock, 4 per Cent., 2421.
India Stock, 10i per Cent., April, 1874, ;
ditto 5 per Cent., July, 1880, 1121 ; ditto 4 per
Cent., Oct., 1888, 1001 ; ditto Enfaced Paper 4
per Cent., 93.
According to Reuter's telegram this morning the
French Rentes were 70f 85c.

In the Foreign market Italian of 1861 and Peru-
vian of 1865 are to -I- per cent. lower, at 541 tol
and 79 to respectively, but Spahish of 1867 have
risen' it, the present price being 311 to 31/.
Brazilian of 1865, 791 to 80 ; Chillian of 1867,
941 to 951 ; Egyptian of 1864, 811 to 891 ;
ditto of 1868, 754 to 76 ; Mexican, 14/ to
158 Russian of 1866, 931 to 94 ; Nicolai, 661 to
67 ; Ore], 811 to 1 ; Moscow, 79-4- to -1 ; Turkish o
1858, 621 63 ; ditto of 1862, 66 to 1 ; and ditto of
1865, 401 to 1.
American Five-Twenty Bonds have risen to 831
to n. Erie Railway Shares, 251 to 1 ; Illinois
Central,97 to 1. ; Atlantice and Great Western De-
bentures, 33 to 1 ; and the Consolidated Mortgage
Bonds, 32k so 33.
In the railway market London and South
Western are 1 per cent. higher, viz., 88 to 90.
Great Western has improved k, viz., to 481 to 49.
London and North Western, 1131 to / ; Midland,
1168 to 1; Great Eastern, 378 to / ; Brighton,
491 to 1; South Eastern, 761 to 1 ; Metropolitan,
1028 8, ex div. ; Great Northern, 1071 to 108 ;
ditto A, 1051 to 106 ; Caledonian, 78k to 1 ; and
London, Chatham, and Dover, 161 to /.
No intelligence has yet come to hand respecting
the overdue ships on which such high premiums
have bcen paid, namely, the River Hooghley, C.
C. Colgate, Santiago, Jeff Davis, and the West.
The premiums paying on the ship Juhn o'Gaunt,
for Calcutta, have receded to-day from 50 guineas
to 40 guineas, an opinion prevailing that she got
safe out of the Channel, and that the wreck seen to
founder off the Smalls was a much smaller vessel.
The tenders for the unallotted portion of the
Victorian 5 per cent. Railway Loan were opened
yesterday at the London and Westminster Bank.
The total mount tendered for—at or above par,
the fixed minimum—was only £347,400, of which
£.85,700 was above par. The highest price offered
Was £lOO 12s. 6d. It is understood that the rest of
the loan will be held over until receipt of fresh
instructions from the Victorian Government, which
cannot arrive before July next. As of the £643,000
tendered for on Tuesday only about half was on
account of genuine applicants, it appears that the
total now taken of the £2,107,000 offered is but
about £700,000, a' natural result of a too exciting
policy.

At the meeting of the Great Western Railway
Company, Sir Daniel Gooch in the chair, the report
was adopted after a short discussion, and the divi-
dends declared. The chairman stated that next
Month the broad gauge to Birmingham would be
done away with, and the rails taken up immediately
upon the narrow gauge being found secure.
Bills of exchange on the Government of Ceylon
for 200,000 rupees were disposed of yesterday by
tender at the offices of the Crown agents for the
colonies. The minimum fixed was ls. Hid. per

rupee, and the whole amount was taken above that
rate.

The report of the London Bank of Mexico and
South America (Limited), to be presented on the
19th inst., shows an available total of £25,049, in-
cluding a previous balance of £4,954, and recom-
mends a dividend for the half year at the rate of 8
per cent. per annum.

Advices from the North give a further list of
small failures, mostly caused by recent embarrass-
ments of larger firms. At Manchester the suspen-
sion is announced of Mr. George Milne, cotton
spinner, of Oldham and at Glasgow that of
Messrs. Wilson, Ker, and Co., and Messrs. Mac-
donald and Co., the latter in the woollen shawl
trade. In neither case are the liabilities believed
to be heavy.
Vice-Chancellor Sir John Stuart yesterday
granted an order for the Port Philip and Colonial
Gold Mining Company (Limited) to reduce its
capital from £500,000 to £200,000, and the shares
from £5 to £2; and that the words " and reduced"
be removed from the company's title from this
date.

At the public sale at the Open Stock Exchange
(Limited), yesterday, Agricultural Hotel aad
Farmers' Club Company (Limited), £lO fully
paid, sold at 295. per share; Albion Bank (Limited),
k. 15 paid, £8 17s. per share ; and Alhambra Com-
pany (Limited), £lO fully paid, x.d., £9 17s. per
Share.

The weekly return under the Cotton Statistics
Act states that the quantity of cotton imported
during the week ended yesterday was 33,803
bales, of which 11,405 were American, 10,216
Brazilian, 8,577 East Indian, 2,656 Egyptian, and
954 miscellaneous. The export was 9,868 bales,
of which 6,593 were East Indian, 1,482 American,
1,280 Brazilian, 146 Egyptian, and 367 miscella-
neous.

The creditors of the International Life Assurance
Society are required to send in the particularr of
their debts to Mr. E. S. Symes, the official liquida-
tor, by the 31st inst.

BRITISH FUNDS-CLOSING PRICES.

.. GOVERNMENT FUNDS.
Z per Cent. Consols 92
Ditto for Account,
3 per Cent. Reduced 9ll I
New 3 per Cent -
New 21 per Cent. Jan. 1894
Do. 5 per Cen , an. 187 3
Annuities, SO yrs, c m;)ire sth Jan., 1880 —
Do. for 30 yrs expire sth April 1885 —
Do (Red Sea Televaph), Aug., 1908 —
Exchoquer Bills, £l,OOO, 2i per Gt.
Do £5OO
Do. £lOO k £2OO —
Bank of England Stock, 4per Cent
De. account
Canada 4 per Cent. Bonds —
inter-Colonial °minium -

, . INDIAN dOVERNMENT SECURITIErs.
lilaia Mock, 104 per Cent., April 1874
Do. Opening, for Account --
Do. 5 per Cent. July, 1880
Do. 4 pec Cent., Oct. 1888
Do. Certificates —
Do. Enfaced Papei 4 per Cent 93
Do. 5 per Cent., Jan. 1872
Do. 54 per Omt. May 1879 —
D.) 5 per Cent., Rup. Deb. 1872 —
Do do, 1877 —
Do. do. 1882 —
FOREIGN FUNDS—CLOSING PRICES.
Argentine Republic, 6 per Cent 79 i
Do., Scrip £45 paid ..
Aultrian Bonds a per cent

Do. 1859 —
Brazilian 5 per Copt —
DO. li per Cent. 1852 —
Do. do. 1858....
Do. de. 186 ) —
Do. do., 1863 7O
Do. b per Cent., 1865 - —
Do Account BO
11 .enos Ayres 6 per Cent.
, D 2 per Cent. (Deferred 3 per Cent )
uto oa, 6 per Cent.
0..111mi 6 per Cent
no. 4i per Cent...,... 4.
Do. 3 per Cont.,
120. 6 per ce-t. 1867 951
Do. 7 per Cent., 1866
0 lo nbian, 6 per Cent.
Danish, 3 per Cent., 1825
tato biau Principalities, 7 per Cent 75-1
Do 8 per Cent, 1867 B6k
~ICquador New Consolidated, 1 per Cent
.4,S7Pitian, 7 per Cent... —
Mc Fecoud Issue —