The Sun.
London, England, 1869-03-06 00:00:00

MONEY-MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

The general opinion that a rise in the bank rate
la imminent has tended to depress business. The
holders of continental securities were free sellers
to-day, but lower prices had to be accepted. Rail-
Ways shared in the general dullness, but no par-
ticular diminution in price has to be noted. Ame-
rican Securities are firm, the 5-20's having again
advanced. The discount market is firm, and nothing
can be done below 3 per cent.
Consols- are 92:1 g for money ; ditto, for Ac-
count, 92i ; Three per Cent. Reduced, 911 ;
New Three per Cents, 9l a ; ditto 21 per Cent.,
Jan., 1894, 754 ; Bank of England Stock, 4 per
Cent., 244.

The French Rentcs this morning, according to
Renter's telegrams, were 701. 97c.
India Stock, 101 per Cent., April, 1874, 212 ;
ditto 5 per Cent., July, 1880, 1121 ; ditto 4.per
Cent., Oct., 1888, 1001 1 x.d. ; ditto Bonds
£l,OOO, 10 prem. ; ditto under £l,OOO, 20 15 pram.
In the foreign market Turkish of 1858 and
and 1865, and Charcow-Kremen:schug have de-
clined lr per cent. ; Egyptian of 1868 and Italian
of 1861 ; Brazilian of 1865, Spanish of
1867, and Charkof-Azof, ; and Peruvian
of 1865, 1. The quotations are as follows :
Brazilian of 1865, 801 to 81 ; Chilian of 1867,
94i to 951 ; Egyptian of 1864, 881 to 891; ditto
of 1868, 751 to 76 ; Italian of 1861, 551 to 1 ;
kexican, 15i to 8 ; Peruvian, 801 to 1 ; Rus-
sian of 1866, 931 to 941 ; Nicolai, 661 to 67 ;
Orel, 811 to 821 ; Moscow, 791 to 801 ; ditto
Charkof-Azof, 77 fo I, ex div. ; ditto Charkow-
Kretnentschug, 761 to 771, ex div. ; Spanish of
1867, 318 to 321 ; Turkish of 1858, 61} ,to 621;
ditto of 1862, 651 to 1; and ditto of 1865, 401 to
In the railway market there is a rise of .1.; in
London, and North Western, viz., to 1138 to 1141.
Great Western are 481 to 1 ; Midland, 1151 to 1 ;
South Western, 88 to 90 ; Great Eastern, 371- to
; Brighton, 501 to ; South Eastern, 751 to
76 ; Metropoliian, 1061 to 1.
A rise of 1 per cent. has taken place in the 5-20
Bonds, viz , to 831 to a ; Erie Railway Shares,
24i. to 251; Illinois Central, 97 to 1; Atlantic and
Great Western Debentures, 311 to 321; and the
Consolidated Mortgage Bonds. 34 to 34.
No bullion operations of importance took plaee
Yeaterdcy at the Bank.
Thr La Plata, from Brazil, has arrived with
£41,600; the Saxonia, from New Orleans and
Ilavana, with £1,454 for London, and £2,320 for
r aria ; and the Dover Castle, from Melbourne,
'with £29,000.
About £40,000 of bar silver, brought by the
West India Packet, has been sold at ss. Oid., being
a decline of Id. per ounce. The greater portion of
this has been sent to the Continent, there being no
den and for India.

The address of General Grant to the American
public has given great satisfaction in the City. The
United
attempt to sustain the credit of the
united States, and the forcible appeal to support
Order and good government, lead to the expecta-
tion that the future prospects of trade and finance
Will be very favourable.
, The failure is announced of Messrs. John Lead-
better and Co., linen manufacturers of Glasgow,
with branches at Belfast and Dundee. The liabi-
lities are estimated at £BO,OOO. It is stated, how-
ever, that the branches will not be affected.

Manchester advices report the suspension of
Messrs. Waterhouse and Kendall, manufacturers,
of Stockport. The liabilities are believed to be
considerable.
The directors of the Glasgow and South-Western
Railway have declared a dividend at the rate of 4}
Per cent. per annum.
Messrs. Bischoffsbeim and Goldschmidt have an-
bounced a 4 per cent. loan of £135,000 for the
Commissioners of the Sulina Navigation works at
the mouth of the Danube, guaranteed jointly and
reeverally, by France, England, Italy, Prussia, and
rurkey, and redeemable by sinking fund between
the Ist of January, 1871, and the 31st of Decem-
ber, 1882. The issuing price is to be 1001,
which, reckoning accrued interest from the Ist of
January, will be equal to par. The subscription
will be opened at the Imperial Bank on Monday
at 10.

The opposition to the subscription proposed by
the Socidte Gene'rale of Paris on the security of
part of the heavy amount they hold of Turkish
Treasury Bonds seems so strong, on a variety of
grounds, as to preclude the possibility of the loac
being officially admitted to the London market.
According to the telegrams from Amsterdam, the
new Russian Railway loan brought out in that city
and in Berlin is for £2,500,000 at a price equal to
about 78. Although it will not be offered for direct
Subscription in London, its effect on our market will
be nearly the same, since it will induce the Dutch
and Prussian houses to sell their holdings of those
Previous issues which are current ou the Stock Ex-
change. With regard to the incessant character of
these loans it is suggested that in good faith the
Russian Government should feel the time has ar-
rived for some pledge as to the amount at which
they are to cease. The wants of Russia, however,
are evidently so great that instead of waiting for
her to pursue that course it would be well for
capitalists to protect themselves by declining to
snake further subscriptions under the certainty
that the stock they take at a reduced price coin-
Pared with the existing quotations of previous
loans will in a short time be in its turn depreciated
by a fresh issue.

BRITISH FUNDS—CLOSING PRICES.
ti OVERNMENT FUNDS.
a per Cent. Consols
4 Ditto for Account,
92;
;,,Per Cont. Reduced 9l -1
View 3 per Cent
Net' 21 per Cent. Jan. 1894
1)(3'. 5 per Cen Jan. 1873
annuities, SO yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 —
t Do (Red Sea Tele6raph), Aug., 1908 —
lellop.mr Bills, £l,OOO, 2i per Ct.
Do £5OO
De, £lOO & £2OO
j)ktik of England Stock, 4 per Cent
241
n . account
llada 4 per Cent. Bonds —
1 "a4ter-Colouial ()annum —

INDIAN dOVERNMENT SECURITIES.
Indiahock, 101 per Cent., April 1874 212
90. Opening, for Account --
Do. 5 p.r Cent. July, 1880
Do. 4 pee Cent., Oct. 1888
D,„O. Certificates —
I'o. Enlaced Papei 4 per Cent —
Do. 5 per Cert., Jan. 1872
,1;/0. 51 per Cent. May 1879 —
"3 5 per Cont., Rup. Deb. 1872 —
Do do 1877 —
, Do. do. 1882 —
"'). Deb., 5- per Cent., Aug. 1873 —
Do.
' • Bonds, 4 per Cent., £l,OOO
"o• under .£1.000
FOREIGN FUNDS—CLOSING PRICES.
Etrgentine Republic, 6 per Cent
‘AScrip
quitrian Bco ds 5 per cent
Do. 1859 67
31rizilian 5 per Cent —
Ch, per Cent. 1852 —
-o- do. 18'58....
Li
o• do. 1861 —
ct• do., 1863 7ll
Tsu
4-„fo. 5 per Cent., 1865
b,--,0 Account 804.1 i
13 ..enos Ayres 6 per Cent.
~., Do 2 per Cont. (Deferred 3 per Cent )
uul,
0 N 6 per Cent.
(Lilian 6 per Cent —R
D°.4} 41 per C0nt.....
Dc).
120. 3 per Cent~
6 per cent. 1867 —
uo. 7 per Cent., 1866
0
„.„ la Tibiae, 6 per Cent.
.N.utizisn, 3 per Cent., 1825
•L'anuian Principalities, 7 ler Cent 704
r DO 8 per Cent., 1867 —.
clillti?r New Consolidated, 1 per Cent.
L'
Yptian, 7 per Cent... —
Lo Second issue
Do. .£5,11., Bonds
Do. £lOO Bonds , ,„. 821
Do. 1864
„ Do. Account
De. £5OO Bonds
'OO. £lO6 Bonds 9l
Zinglish Scrip, 1868 76 /
, Do do. £45 pd — dis
'Tvorntnent Railway Debentures
Greek 5 per Cont., 1824 5, ex Coups
O. Account
1) •
0. Coupons -
Do• Account
9eateraala 5 per Cent ..
21dUZISGin.Rail. LOA•I 10 p• Ot•I all pd 83

x d

Italian 5 per Cent., 1865 —
..)o. Accounts .. —
Do Alaremmana Railway —
Mexicatt 3 per Cent . —
Ditto for Account
Do. 1864 —
Do 6 per Cent. Anglo-French
A ontevidoan 6 per Cent. . —
licorish Imperial 5 per Cent
New Granada l6B
Do 3 per Cen —
Do. Deferred

Peruvian 5 per Cent. 1865
Do Account .. 80i 791
Do 4i per Cent. (Uribarren) ••• -
Do 4 per Cent., 1862 -
Do Account —
Portsgueso 3 per Ct., 1853, '6, 7,'9,'60,'2,'3 37
Do. do. 1867 —
Do. do. Scrip, £2O paid —
Russian 5 per Cent., 1822, £ St
Do 4i per Cent : 1850
Do 44 per Cent., 1860
Do 3 per Cont., 1859
Do 5 per Cent., 1862
Do. Anglo-Dutch, 1861, £100Bontle„. 94k
Do. do. £Bl 15s. do —
Do., 1866, £lOO Bonds 9l
Do. c 1,3 £Bl 13s. do —
Do Nicolas Itailway
Sar !Ulna, 5 ptr Cent.
Spanish 3 per Con .
Do. Accifunt,
Do. 1867
Do. Account
Do. New Deferral
Do...Vlcount
Do. Passive
Do. Corn. Cert. of Cout . not funded.—
Do. Account
Swedish Provincial Mortgage Loan —
Du Government, 1861 • B7
Do do, 1868
Do do, Scrip —
Tur,ish 6 per Cent.' .., ~...
110 Account
Do 6 per Cent. 1858 --
Do Account
Do £lOO Bonds —
Do 6 per Cent., 1862 —
Do Account ---
Do £IOC Bonds 651
Do 5 per Cont. 1865 —
Do Account
..... ..

67 61

34 2

Do 6 per Cont., 1860 62i 51
Do 1 per Cont., Guaraute6d
Do Laud Warrants (Hectares)
Venezuela 3 per Cent. —
Do. Accaant
Do 6 per Cent. 1864
Do 6 per Cont., 1862
Dividends on the above payable iu Loudoi
Austrian o per Cent. Ex 10 Florine
Belgian, 49 per cent., Ex. 25f.
Dutch 'ii per Cent. Ex. 12 Gull, —
Do. 4 per Cent. Certificates „„ —
Do. Account —

French Rentes, 3 per Cent., Ex. 25f.
Italian 5 per Cent. 1831, E. 25i. .....
Do Account 551
CLOSING PRICES.

Jonso's, Money ll2i
Do. Account, April 8

BANK OF FRANCE.

PARIS, March 4.

The following is the return of the Bank of France
for the week ending to-day, together with the cor-
responding figures of the previous account :

DEBTOR.
Fob, 25.
fr. c.
182,500,000

March 4.
fr. c.
182,500,000

Capital of the Bank
Profits in addition to.
capital (Art. 8, Law,
June 9, 1857) r , ,044,7 i, 6 02 7,044,776 02
Reserve of the Bank
and its branches 22,105,750 14 22,105,750 14
Reserve of landed pro-
perty 4,000,000 4,000,000
Notes in circulation
Banknotes to order and
receipts payable at
sight 35,108,971 68
Treasury account cur-
rent creditor 156,001,580 13
Current accounts, Paris 211,0/5,439 89
Do. branch banks 47 325 561 , ,

Dividends payable
Discounts and sundry
interests
Rediscounted the last
six months
Surplus of receipts not
distributed
Sundries

35,223,257 48
154,035,126 48
253,251,168 89
45,392,697 -
1,458,941 -
3,208,670 3 I
933,790 85

5,526,361 20

1,382,806 -
3,603,533 40
933,790 85

6,628,668 51

Total
CREDITOR.
Feb. 25. March 4.
Cash in hand and in fr. c. fr. a
T 'Branch banks
Commercial bills over-
due
Commercial bills dis-
counted, not yet due 282,724,130 06 266,616,330 43
Do. branch banks 253,705,701 250,910,983
Advances on deposit of
bullion
Do. branch banks 4,513,800 4,988,600
Do. on French Public

Securities
Do. by branch banks
Do. on railway shares
and debentures
Do. branch banks
Do. on Credit Foncier
Bonds
Do. branches
Do. to the State (Con-
vention, June 10,
1857)
Government Stock re-

13,609,900 -
6,955,580 -
37,308,700 -
27,764,400 -
929,900 -
940,300

13,755,500
6,606,780
37,497,800
27,b78,500
926,400
936,100
60,000,000

60,000,000 -

serve 12,980,750 14 12,980,750 14
Do. disposable
Rentes Immobalisees
(Law, June 2, 1857) 11,0,000,000 100,000,000
Hotel and furniture of
the Bank and landed
propezty branches
Expenses of manage-
ment 521,069 49 701,995 14
Sundries

Total : 2,052,966,802 27 2,045,459,968 62

The Price of Gold.

The quotation of gold at Paris is about at par, and
the short exchange on London is 25f. 15c. per £1 sterling.
Un comparing these rates with the English Mint price of
og. laid. per ounce for standard gold, it appe...rs that
gold at the above price is about 1-10th per cent. dearer in
Paris than in London.
The course of exchange at New York on London for bills
at 60 days' sight was on the last date about 1 8: per Cent.
At this rate there is no profit on the importation of gold
rom the Uni.ca states.

PRENCH STUD NEWS.
Foals—At the Haras de Viroflay, on February 21, M.
Lupin's Chatelaine a filly to Dollar; and Baron de Roths-
child's Nancy a filly to Gustave, and will be put to
Dollar.
At Haras de Pont Colbert, on Feb. 28, M. S. Cheri's
Carline a colt to Dollar.
At Haras de Cauline, on Feb. 28, Duke de Vicence's
Reine des Indes a colt to Cagliostro.
March 1, Mr Cassidy's Leda dropped a dead foal to
Tumbler, and will be put to Stentor.

LATEST BETTING ON TUE FRENCH DERBY.
14 to 1 agst M. Delamarre's Atlas (taken)
15 to 1 agst Count de Lagrange's Le Saphir (taken)
20 to 1 agst M. Aumont's Minerva (taken)
20 to 1 agst Count de Lagrange's Berger (taken)
25 to 1 agst M. Fould's Rien du Tout (taken freely)
25 to 1 agst M. Schickler's Luxembourg (offered)
30 to 1 agst M. Delatre's Cerdagne (taken)
30 to 1 agst Count de Lagrange's Consul (taken)
50 to 1 agst M. Lupin's Tael (taken)

MORETON-IN-'MARSH STEEELECHASES.—" For the Trial
Steeplechase Reveller is disqualified, and Tipperary Boy
declared the winner.—(Signed) COVENTRY, Sir C. R.
RUSHOUT, Capt. RUSHOUT."
A veterinary certificate, signed by Mr John Manning-
ton, of Brighton, V.S., of the ages of Mr H. Temple's
Sharpshooter, aged ; The Chief, 4 yrs ; and Silk, 4 yrs,
has been officially lodged.

BATH AND SOMERSET MEETING.—The Beaufort Cup
closed with 16 subs., the Bath Handicap with 23 subs.,
the Somersethire Handicap with 36 subs, and the Bad-
minton Stakes, for all ages, with 15 subs.
Mr. J. Nipper's colours are black, lavender sleeves and
cap ; Mr. P. Percy's, dark blue, yellow sleeves and cap ;
and Mr. R. Trewent's white, pink sleeves and cap.
EPSOM SPRING MEETING.—The Heathcote Plate of 100
sous closed with 66 entries, and the Stamford Plate of 100
move with 64 entries.

BISHOP STORTFORD STEEPLECHASES.—Tho above chases,
which were fixed to come off on the 23d instant, have been
postponed.
Custance has quite shaken off the effects of his accident
in the bunting field, and was present at Liverpool on the
Grand National Day.
NEWMARKET CRAVEN MEETING.—The Bretby Plate
closed with 44 subs, the Prince of Wales's Handicap
with 53 subs, and the Handicap Plate of 200 sous with
21 entries.
THE PRIMROSE OBJECTION AT DEREL—The objection
against Primrose, who came in first for the Hurdle Race
at Derby on Friday last, was overruled at Liverpool.
The Doctor has paid forfeit for the Open Steeplechase
at Mallon.

The assumed names of Mr Baby, Mr J. Nipper, MrWil-
loughby, and Mr R. Trewent have been registered.
Sir Charles Legard has named his colt by Master Begot,
dam i y Nabob, '"The Stork."
Albrighton Hunt Steeplechases are fired for April 2,
two days after Bridgnorth.
Capt. Machell purchased Tramp, 3 yrs, for a good sum,
on Thursday, with certain contingencies.
NOMENCLATURE.—The following names have been
given : —Mr E. Edwyn's f (late Miss Bridgman) by The
Marquis, dam by Drumour, —Midsummer, 2 yrs, Edon
Vale. Mr W. 0. Bland's yearling colt, by Mouravieff—
Fanny Seaton, Monsoon. Mr I. Woolcott's cby Autocrat
_Playful, 2 yrs, Playmate. Mr J. Watson's fby Y. Mel-
bourne—Potash, 2 yrs, Affinity; f by Bedminster—
Efaronego, by fitpokyfQll, 2 yrs, Bedmate.