The Sun.
London, England, 1869-03-12 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

Business was firm..to-day, and yesterday's prices
were supported. The foreign securities also parti-
cipated in the improvement, and in railway shares
the tendency of prices was upward. The settle-
ment somewhat confines to business transactions,
but discount is not by any means in active request.
Consols are 93 2k for money ; ditto, for Ac-
count, 93} 3 ; Three per Cent. Reduced, 911 2 ;
New Thee per Cents, 912 ; Exchequer Bills,
£l,OOO, 2k per Cent., 4 1 prem. ; Bank of Eng-
land Stock, 4 per Cent., —.
India Stock, 10k per Cent., April, 1874, —;
ditto 5 per Cent., July, 1880, 112 k k ; ditto 4 per
Cent., Oct., 1888, 1002 ; ditto Debentures, Aug.,
1873, 101 k; ditto Bonds under £l,OOO, 10 prem.
According to Reuter's telegram this morning the
French Rentes were 71f 00c.

In the Foreign market there has been a decline
of nearly / in New Spanish Three per Cents.,
to 311 31/. Turkish Five per Cents. are frac-
tionally better at 401 401, and Italian Five
per Cents. show a further advance of /, at
651 -551. Mexican Bonds remain at 15 151;
Greek Bonds at 114 12 ; Russian Azoff Railway at
77 771; and Honduras Railway Loan at 85 87.
The Danubian Commission Guaranteed Loan is
at 1 1 prem.
In the railway market Caledonian are 1 better ;
Great Eastern, I ; Lancashire, ; Midland, 1 ;
Sheffield, ; Brighton,/ ; North British, ; North
Western, 1; and South Eastern, ; Great
Western are lower. The quotations are :
Caledonian 78 1; Great Western, 48/ 9 ;
Great Eastern, 371 1 ; Great Noithern, 1071
81; ditto A, 1051 61; Lancashire and Yorkshire,
123/ 41 ; Metropolitan, 102 1; Midland, 116 ;
Sheffield, 521 31 ; Brighton, 49/ SQI; North Bri-
tish, 351 6 ; North Western, 113/ 1141; North
Eastern, 1001 11 ; South Eastern, 75/ 61; Chat-
ham and Djver, 161:17.
United States Bonds continue in demand,
the Five-Twenties showing a further rise of 1, at
83 831; the 1885 Bouds to 811 811; and
the Ten-Forty Bouds are 1 better, at 731
73g. Eries have risen 1, to 26 261 ; and
Illinois Central stock is unchanged at 97 971.
Atlantic Telegraph Original stock is 33 35 ; the
Eight per Cent. Preference shares, 4 ; and Anglo-
American Telegraph shares, 221 1.
The sum of £33,000 in bar gold was taken to the
Bank yesterday.
The City of Buenos Ayres, from Brazil, Las
brought £5,170.
The return of paid clearing for the week ending
March 10 is as follows : —Thursday, March 4th,
£15,752,000; Friday, sth, £11,210,000; Saturday,
6th, £12,163,000 ; Monday, Bth, £10,980,000;
Tuesday, 9th, £9,200,000 ; and Wtduesday, 10th,
£8,989,000; total, £68,294,000.
The London, Chatham, and Dover Railway
traffic return shows this week a decrease of £224,
compared with the corresponding period of last
year; the Metropolitan Extension, separately, an
increase of £2OO.

The Grand Trunk Railway of Canada hare an-
nounced the payment of the half-year's interest on
the Atlantic and St. Lawrence shares, due on the
15th inst.

The liquidators.of the Imperial Mercantile Credit
Association (Limited) have issued a report to the
shareholders. The admitted liabilities have been
reduced to £845,201, while the assets, exclusive of
arrears of calls, stand in the books at £2,391,739.
According to the examination just made, the liqui-
dators do not expect to realise sufficient from the
assets to meet the instalment payable on the 30th
of June next, and they have accordingly made a
further call of £2 108. per share, payable on the Ist
of June next.

The following telegram, in relation to the South-
Eastern Railway question, has been received from
Lisbon. The reperts from time to time regarding
this affair have been too contradictory to admit of
reliance being placed on any advices without direct
and detailed confirmation ; but every friend of
Portugal will hope that the Government have at
length resolved to meet it in a creditable manner :
" The Government take possession of the South-
Eastern Rail way,indemnifying the companyaccord-
lug to the valuation of the engineers."
A petition for the winding up of the Madras
Coffee Company (Limited) is to be beard before
Vice-Chancellor James on the 13th inst.

The stoppage of Messrs. Leadbetter and Co., of
Glasgow, has led to that of Messrs. Pigott and
CO., of Manchester, but their liabilities do not ex-
ceed £lO,OOO.

The ordinary general meeting of the London
Bank of Mexico and South America (Limited) will
be held on the 19th inst.
The ordinary meeting of the proprietors of the
Delhi and London Bank (Limited) will be held on
the 25th inst.

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
rata.

The Secretary of the Atlantic and Great Wes-
tern Railway has forwarded the following copy of
411 official letter, addressed by him this day to the
Stock Exchange Advices received yesterday
morning from Mr. Stebbins are utterly opposed to
the statements and deductions contained in Messrs.
pope, R6e, and Co.'s telegram published on the 26th
Of last month. The only application made to
the American Courts was by the trustee of
the Consolidated Mortgage for the protection of all
bondholders and for the purpose of sustaining the
'ease made with the Erie. The hearing of the case
has been further postponed until the 22d instant,
but as the object of this company appears to be
entially the same as that of the petitioner, it is
likely that an understanding will be arrived at
without further litigation."
The return from the Bank of England for the
/4reek ended the 10th of March gives the following
results when compared with the previous week
&test
ruLlic deposits
Other deposits lB 420,387 ... Increase 869,799
(311 the other side of the account :
government securi-
tiis £14,076,537 ... No change.
Notes
securities l9 628 038 ... Increase ... 1,467,159
unemployed 8,752,510 ... Increase ... 892,650
The amount of notes in circulation is £23,204,915,
being a decrease of £362,335 ; and the stock of
bullion in both departments is £18,061,934, showing
an increase of £40,477 when compared with the
Preceding return.
Subjoined is a comparison of the present position
of
the Bank of England and the prices of Consols
74d French Rentes with the corresponding week of
last year :

At Present. Same Weeklast Year.
$u11i£18,061,934 ... £21,179,530
serve
Notes in circulation 9,937,019 ... 13,004,515
23,201,9152... [23,175,015
hate of discount
Consols
Preach Rentes 7of. 92c. 69f. 45c.

BRITISH FUNDS—CLOSING PRICES.
a tiOVERNMENT FUNDS.
ritiPer
S PlZttCoefnotr.
ACcocnosauulst,
Cunt. Reduced j,.. 91} i
Isi '7
3 per Cent • 911 I
`'/7 21 per Cent. Jan. 1894
A —°. per Con .11n. 1873
4auities (J yrs, x ire sth Jan., 1880 —
o. for Sk.) yrw,. expae sth April 1885 —
tx 0 (Red Sea Teh3hraph), Aug., 1908.-
it '''llz-•-r Bills, £l,OOO, '212 per Ct.
£5OO
Do.
13 0,, £lOO A ..£2OO —
" 01 England Stock, 4 por Cent
11.• account —
(.33.,
14 lada 4 er Cent. Bonds —
ter-Colopnial (Minium
in ~I•NntiN ...1071:itNMENT bLCUttITIEb.
ila ',hock, 10i per Cent., April 1879 —
7. Opening, for Account -
DO'
o per Uent..lul), 1880
,•,°. 4 per Cent.., Oct. 1888
.V 3. Certificatea
LS
Enfacod Pape. 4 per Cent
uo•n
1) • - Per Cert., Jan. 1872
D°. 5.1
D per Oc,•nt. May
De 1879 —
3 0 per Cent., Rup. b. 1872 —
o do. 1877 —
Do, do. 1882 —