The Sun.
London, England, 1869-03-11 00:00:00

M.ON.~.S~.._..M.ARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, TWO O'CLOCK.

Consols are 921 e for money ; ditto, for Ac-
count, —; Three per Cent. Reduced, 918 1 ;
New Tkree per Cents, 911 8 1 8 ; Bank of Eng-
land Stock, 4 per Cent., 244.
India Stock, 10/ per Cent., April, 1874, ;
ditto 5 per Cent., July, 1880, 1121 8 ; ditto 4 per
Cent., Oct., 1888, 1001 ; ditto Enfaced Paper 5 yer
Cent., 1051 ; ditto 51 per Cent., 1001 ; ditto Bonds
under F.,1,000, 11 20 pram.
According to Reutees telegram this morning the
French Rentes were 70f 82c.
In the foreign market the prices are as follows :
Brazilian of 1865, 80 to 4 ; Chilian of 1867, 941 to
95i ; Egyptian of 1864,88/ to 89 ; ditto of 1868, 751
; Italian of 1861, 544 to 55 ; Mexican, 15 to
; Peruvian, 79; to 80k ; Russian of 1866, 934 to
941 ; Nicolai, 661 to 67 ; Ord, Si Ito a ; Moscow,
791 to ; Spanish of 1867, 314 to 8 ; Turkish of
1858, 62 to 63 ; do. of 1862, 651 to 4 ; and do.
of 1865, 40 to 1.

In the railway market Midland and Metropoli-
tan have improved 1 per cent., viz., 1161 to
and 1051 to 1 respectively ; but Caledonian is
lower, at 761 to 771. London and North
Western are 1134 to 114 ; Great Western,
481 to it; South Western, 88 to 89 ; Great
Eastern, 37 to 1 ; Brighton, 491 to 501 ; South
Eastern, 751 to 76; Great Northern, 1071 to
108 ; ditto A, 1061 to 1 ; and London, Chatham,
DJver, 161 to 1.
American 5.20 Bonds are at 82 to 1, showing a
ruse of per cent. ; Erie Railway shares, 241 to
25, being 1 better.
In miscellaneous shares Telegraph Construction
are inquired for at 181 to 1; Hudson's Bay, 131
to 14.

Iu bank shares London and Westminster are 64k
to 65i, and Imperial Ottoman 2f to f prem.
There were no gold operations at the Bank yes-
terday. The only transaction during the week since
the date of the last return has been a withdrawal of
£25,000.
Tue Union, for New York, has taken out £73,000
in gold—most probably from the Continent in pay-
ment for bonds. _ _ _

The dividend court of proprietors of the Bank
of England is convened for the 18th inst.
The new Russian Railway Loan appears to have
been brought out in an inopportune moment in
Berlin and Amsterdam, most of the Continental
Bourses being now in an extremely sensitive state
owing to the speculative mania which has prevailed
throughout the winter, so that any political rumour
circulated by adverse operators at once creates
alarm. With regard to the intrinsic value of these
Russian railway securities, the feeling in the first
instance was very favourable, owing to the belief
that they would powerfully develope the great
natural resources of the country, coupled with the
faith in the financial honesty of the Russian Go-
vernment, which was especially strengthened by its
conduct during the Crimean war. But the Empe-
ror and his Ministers seem totally unable to un-
derstand that the best credit iu the world may be
speedily destroyed by mismanagement, and a con-
dition of the market has at length been induced in
London for which there can be no remedy except
from a precise and unreserved declaration that no
further issues will he made, either directly or indi-
rectly until after the lapse of some distant and well-
defiued period.
With reference to the tenders for the Victorian
(Australia) Railway Loan for £2,107,000, it ap-
pears that of the £643,200 which was applied for
at and above the minimum, about £300,000 was
'written for under fictitious names and addresses,
including the tender for £150,000 at £lO2. The
total actually placed is, therefore, only £343,000.
A petition, signed by 1,800 owners, lessees, oc-
cupiers of land, and inhabitants of the district, has
been presented to Parliament against the proposed
abandonment of the railway between Settle and
Carlide, now sought by the Midland Railway
Company.
In connection with the affairs of the Loudon,
Chatham and Dover Railway, it is proposed to
apply to the Court of Chancery for payment out of
the moneys iu the hands of the company of the 1 ist
half-year's interest on the debentures of the cow-
1-any, excepting that ou the debentures of the link
line from Farringd3n-street to Earl-street, there
being au over-issue ou this portion. Application
Rill be made to the Court that the amount on the
latter debentures, and of all other debts claiming
to rank before debentures, be paid into Court
to await the final decision. The proposed pay-
ment will in no degree affect the question of the
priorities.
At the adjourned meeting of the Metropolitan
Railway Company the chairman stated that since
the previous meeting the dirt ctors had been in coin-
niunieation with Mr. Salisbury, by whom the in-
junction in Chancery had been obtained, and that
it had been arranged he should abstain from all
further proceedings, on the uuderetanding that no
attempt should be made to divide the £42,000 re-
ceived from the contractors. The board recom-
mended the shareholders to accept this proposal.
The report and accounts were then adopted, a re-
solution was passed to place the £42,000 to credit of
capital account, and a dividend at the rate of 41-
per cent. was declared.

The London and North Western Railway traffic
returns show this week an increase of £466 over
last year ; the Midland an increase of £6,048 ; the
Great Northern an increase of £670 ; the Great
Western au increase of £1,147 ; the Great Eastern
an increase of £1,214 ; and the Loudon and South
Western a decrease of £222.
The transfer books of the Anglo-Mediterranean
Teiegragph Company will be closed from the 17th
to the 20th inst., preparatory to the payment of au
interim dividend of 4e. per sLare, free of income
t", on account of profits for the three months end-
ing the 15th inst.

The General meeting of the Societe General de
l'E&upire Ottoman will be held on the 13th of May,
4t Constantinople, to " receive and approve the
accounts of the fourth working year ending the
31st December, 1868, to hear the report of the
Council of Administration, and to fix the divi-
dend.”

BRITISH FUNDS-TWO VOLUOIE

GOVERNMENT FUNDS.
u Per Ceut. Consols
Ditto for Account,
3,„ pet etnit. tietitieed 9li f
r'y •i per Ueut
New 2i per Cent. Jan. Itiu4
Do. 5 per Cen Jan. 1873
aunintiee, du yrs, expire sth Jan., Ibbli —
Do. bur SU yrs, expire sth April thbO —
~ DO (Bed Sett Telehrttpli), Aug., li.+Ub —
14Ickloqu-.)r Bills, £l,OOO, 2i per Ct.
Da
.C5OO
Do. £lOO kt £2OO —
BaUk of EngPind Stock, 4 per Cent
, (' • account
‘ianada 4 per Cent. Bonds —
Inter-Colonial Onuntun

L ,DIAN dOVEnhi Nlifek OECllitiTik:e..
111 iia -.i,tock, 101 per Cent., April 1879
1)0. Opening, for Account -
Do. o per Cent. .1 lily, 1880
Do. 4 per Cent., Oct. 1888
Do. Certificates —
Do. Enfaced Vain,' 4 per Ceut —
Do. 4 per Cert., Jan. 1872
20. 61 per C^qt. May 187 ti llOl
'-',) 5 per Cent., Itup. Deb. 1872 —
Do du 1877 —
Do. do. 1882 —
D... Deb., 5 per Cent., Aug. 1873
VO. Bonds, 4 per Cent., £l,OOO
1)v. under £l.000

rottEIGN FUN DS —TWO o'o I,oCli.
Arseutine Republic, 6 per ()env ...
, UO., Scrip L 45 paid
Au itnau Bonds o per cent
Do. 1859 —
bc xiilian ii per Cent —
)1. 1} per Cent. 1852 —
00. do. 18'8.... .............
0. do. 18G .
LO.. do., 1b66 —
"0. 5 per Cent., 1665
, 1)0 Account —
26 .enos Ayros 6 per Cent.
, 1).) 2 per Cent. (Deferred 3 per Cent ;
0.'1.6 per tent.
t —
...i tll 6 per C
r,' '• 4i per Cent.... . .. —
".",°• 3 1-P,l" Cunt., —
' 0.6 per ce t. 1867 —
e 10
)°. 4 per Cent., 1866
,bi.in, 6 per Cent.
D 412 '3ll, 3 por Cent., 1825 —
i