The Sun.
London, England, 1869-07-05 00:00:00

NEY MARKET

A ND

COMMERCIAL INTELLIGENCE.

CI FY, Two O'CLOCK.

Consols rose to-dAy, at 93 28 for money ;
ditto, for A.c f.)unt., 93 ; Three per Cent. Re-
duced, 93f 3 ; New Thee per Cents, 93 -14-
India Stock, 101 per Cent., April., 1874, shut ;
ditto 5 per Cent., July, 1880, 111' ; ditto 4 per
Cent., Oct., 1888, 1001 ; ditto Enfaced Paper,
5f per Cent., 110 a ; ditto Bonds £l,OOO, 12 prem.;
ditto Bonds under £l,OOO, 9 prem.

In the Foreign Stocks there is a rise of in
Turkish Five per Cents., at 45 to 451 ; ditto Six
per Cent., 654 to 66,E ; Charkof, at 79 to 791 ;
Orel, at 801 to 81 ; Argentine, 781 to 79; and 1
in Peruvian, 76:1 to 77i ; Egyptian (1868), 79:1
to 80 ; Fgyptian (1864), 89 to 90 ; Spanish, 281
t 01.281 ; Brazilian, 834 to 834 ; Danubian Eight
per Cents., 871 to 881.
United States Five-Twenty Bonds are I higher,
at 81i to 811 ; Illinois are also better, at 95 to
96 ; while Erie Shares are 1 lower, al9l to 19:1.
In the Railway Market a general advance of
about per cent. has taken place upon Saturday's
rise. The following are the prices :—Caledonian,
791- to 79:1 ; Great Eastern, 39 to 39; ; Great
Northern, 107 to 108 ; Great Northern (A), 107 to
108 ; Great Western, 50k to 51 ; Lancashire and
Yorkshire, 125 to 126 ; London and Brighton, 44}
to 45 ; London, Chatham, and Dover, 11 to 171 ;
London and North Western, 119 to 1194 ; London
and South Western, 89 to 91 ; Metropolitan, 97i to
974 ; Midland, 1171 to 118; North Eastern
(Berwick), 106 to 1061 ; and South Eastern, 78
to 78i.

Miscellaneous Securities are quiet,and prices show
no natural alteration. Anglo-American Telegraph
is firm at 201 to 201; General Credit is steady, at
11 to 18 dis.; International Finance, 21 to 11 dis.
ex div.; National Discount, 11i to 11i; and Hudson's
Bay, 12! to 13.
The dealings in Bank Shares are not very ac-
tive, but prices continue well supported. Agra (A)
is quoted at 10} to 11 ; Alliance, 13k to 14; Anglo-
Austrian, 16 to 18 prem., ex div. ; London and
Westminster, 611 to 621; Oriental, 41. to 42 ; Lon-
don Joint Stock, 311 to 321 ; and Union of Lon-
don,' 371 to 38j.
English wheat being in very short supply, no fur-
ther decline is quoted.
The sum of £22,000 in gold was taken to the
Bank on Saturday, including 10,000 sovereigns from
South America.
The Californian gold bars which a few days ago
arrived at Southampton by the steamers Donau
and Bremen came to New York by the Pacific
Railroad. They were delivered in Loudon within
20 days from the time of their despatch from San
Francisco.
The confidence generally entertained in the gra-
dual consolidation of a steady Government in Spain
continues to be strengthened by the prospects of the
harvest in that country. The accounts from all
parts seem favourable.
The most rapid redistribution of races ever wit-
nessed seems likely to occur during the present
generation in the influx of Eastern people to the
'Western States of America ou the Pacific. 1) ring
the year 1866 the arrivals in California from China
and Japan were 2,300, in 1867 they were 3,300,
and in 1868 they were more than 10,000, while this
year they are expected to exceed any previous total.
An association of leading politicians has been formed
to encourage the immigration, and it is proposed to
introduce these people also into the Eastern section
of the United States, a house in Chicago hiving,
according to report, sent out an agent to China
to cowract for 50,000 to work the,Southern plan-
tations. It is the completion of the Pacific Rail-
road that affords facilties for these plans, and an
idea appears to be entertained that " during the
next three years the increase of Chinese population
will be limited only to the means of transporta-
tion." Their value as labourers is becoming greatly
appreciated, and instead of persecuting them the
disposition is now to meet their views and afford
them protection. They are supposed to hoard
their specie, and it is anticipated •‘ to get
up a savings bank which wi.l secure their
confidence." The importation of Chinese women
is attended to, and 1,250 were lauded in San Fran

Cisco on the 20th of last mouth. With regard_ to
the relative conduct of Chinese and Irish or Ame-
rican labourers, the Sacramento Union contrasts the
mode in which the portion of the Pacific Railroad
ou the California end, where Chinese were chiefly
emplyed, was constructed with that which distin-
guished the other parts. That paper says :—" We
bclieve it is now generally conceded that the work
on the California end of the Pacific Railroad has
been conducted with far more regularity and good
order, if not dispatch, than on the Union Pacific.
The feat of laying down ten miles of rail in one
day last week astonished the Uniau Pacific 'mana-
gers. It is also a fact that the labourers on this
end have been much better behaved and disciplined
than on the other end of the road. IVe do not re-
call to mind a single death by wanton violence on
the line of the Central Pacific during the past year,
while hardly a day has passed at the other end of
the road without some murder or other atrocity.
We think a great deal of this good order and absence
of violence is fairly attributable to the natural docility
of the Chinese race, who have composed a great
part of the force on the Central Pacific. Doubtless
much of it is due to the rule which excluded ardent
spirits ; but not all. The Chinese have honestly
won a compliment for good order, sobriety, and
good work, which ought to shame those white
ruffians who are in the habit of traducing their
morals at the same time they are murdering each
other."

A report is current that an important decision
has been come to between the British and Portu-
guese Governments bearing on the wine duties and
the general tariff question.
The suspension has been announced of Messrs.
George Smith and Sons, of Preston, cotton spinners
and manufacturers. As the house had been esta-
blished in Lancashire nearly half a century, and
enjoyed fair credit, the liabilities are supposed to
be large. They employed about 200 operatives,
while the firms of Messrs. R. and W. Jackson and
Mr. Bourne, which have also stopped, employed
about 300 each, making a total of 800 thrown out
of employment.

- -
The suspension has been announced of Messrs.
Buck and Watkin, engineers and toolmakers, of
Halifax. The liabilities are stated at £10,431,
with assets for £9,725, and it is expected the estate
will realize over lBs. in the pound.

BRITISH FIINDS—CLOSING PRICES.
GOVEUNMENT 1'1:ND&
a pet Cent. Consols
‘.,9 i2l
BDitto for Account, July 7 ,?„ ,
~ por out. Reduced vot2l
II evf 3 per Cent ............................. 93 New 21 per Cont. Jan. 1894
Do. 5 per Oen J an. 187 3
A.unuiies, 30 yrs, expire sth Jan.
Do. for 30 rs, expire sth April 1880 --
188 e —
Do (Red Sea Televaph), Aug., 1908 —
pm
Exchequer Bills, 41,000, 2f p. Lt. March
Do.
3 do. June
Lo
Do
4100, £2OO & .£5OO _
Bof England Stock, 41, per Cent
Ca
. opening
na.da. per Cent. Bonds ...................
Inter-Colonial Uranium ....................
INDIAN UOVERNIAENT BEcunrrize.
India S!tok, 1f per Cent., April 1874 —
Do. Openino., for Account
o. 5 per tit. July, 1880 •
111 i
D'• A I,ez••Cent., Oct. 1888
D. eertiticatea ••
no).
,:.'nfaced Pape*, . 4 ...... r. . (.;'Zt ... 4..
1}...)).0. o per ert., Jun, 1874 ',..
I,J
~ • ,?1 per eq.., \l. i• ^.4 ....
. 1101
let il '-, ay de. ...............
, ~.ent., ltup. Dub. 1872
J 0
du
1877 ...
Do.
do.
1882,........
D.•• nob., 5 Per Cent., Au-. 1873 ......
Do. Bond; 4 per eetit., xj.buoo l2
1)o. Bodes,
..£l.uoo ' ........
' Fm
.......................... ' j
FORLIGN FtrINDS--CLOSING PRICES.
Arentino Republlc, Et per Cont ...
.... 79 8
1 u arlan I.3oude 5 per cent .. ~
~... ..
Do. 1.59 ... . .......
Brizilittii 5 per Cent. .........................
. .--
OD 4i per Cent. 1852 .......................
.................
Do. do
1858..•• ................
186 ' ... ..... .........
DO, do., 1863..'.............. .... G9i
13:'.D. 5 per Cent., 1865 ......
Do Account .............................................. : ni 4
.enos Ayres 6 per Cent. ....................
Do 2 per Cent. (Deferred •3
p'er Cent.)