The Sun.
London, England, 1869-03-18 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
Consols are 93 23 l for money ; ditto, for Ac-
count, —; Three per Cent. Reduced, 914 4 ;
New Tlaree per Cents, 911 3 ; ditto 24 per Cent.,
Jan., 1834, 741 ; Exchequer Bills, £l,OOO, 24 per
Cent., 5 1 prem; Bank of England Stock, 4 per
Cent., shut.
India Stock, 104 per Cent., April, 1874, 210 ;
ditto 5 per Cent., July, 1880, 1124 4 ; ditto 4 per
Cent., Oct., 1888, ; ditto Bonds £l,OOO, 14 18
prem.
According to Reuter's telegram this morning the
French Rentes were 70f 15c ex.
In the Foreign Market there is a rise of 1 per
cent, in Danubian, at 864 to 871 ; in Russian
(1862), at 864 to 87 ; 4 in Portuguese, at 364 to
37 ; and 1 in Egyptian (1868), at 753 to 764.
There is a fall of 4 in the Tobacco Loan, at 84 ;
in Brazilian, at 791 to 791 ; and in Nicolai, at 664
to 674 ; and an 4 in Italian, at 354, and in Spanish
at 314. Turkish Five per Cents. are 404, and the
Six :per Cents. 634.
The railway share market is rather firmer,
especially for Great Noreheru (A) and Me-
tropolitan Extension, both of which show au im-
provement of ; the quotations being 106 to 107,
and 1024 to 1034 ex. div. respectively. London,
Chatham, and Dover is also higher, at
161 to 164. A fall of E however, has
taken place in Great Eastern, at 374 to 374 ; and
Midland, at 1161 to 1161. Caledonian is steady,
794 to 80 ; Great Western, 484 to 49 ; Lanca-
shire and Yorkshire, 123 to 1234 ; London
and Brighton, 49 *to 491 ; London and North
Western, 1134 to 1141 ; Metropolitan, 1034 to
1031 ex div. ; and South Eastern, 754 to 754.
United States 5-20 Bonds show a recovery of 4,
the price being 834 to 831; but Erie Shares and
Illinois are each I lower, being quoted at 244 to 25,
and 964 to 974 respectively.
Bank Shares show no perceptible chance. Lon-
don and Westminster is steady at 644 65 ; Oriental,
424 to 434 ; London Joint Stock, 32 to 33 ; Union
of London, 364 to 374 ; Consolidated, 44 to 43 ;
Anglo-Austrian, 15 to 16 ; Alliance, 134 to 144.

The Miscellaneous Securities are unchanged.
Anglo-American Telegraph is steady, at 22k- to
22k; General Credit is quoted, at 1 j to If dis. ;
-International, 11 to 1f dis. ; Hudson's Bay is steady,
131 to 13/ ; and National Discount, 11f to 11i.
The half-yearly general court of proprietors of
the Bank of England was held this morning. The
dividend declared was 4f per cent., and it was
ordered to be paid on the sth of April.
There were no gold operations at the Bank yes-
terday, and the transactions during the week since
the date of the last return have resulted on balance
in a withdrawal of only £20,000.
With regard to the London, Chatham, and
Dover Railway scandal, it is stated that a general
scheme of compromise and reorganization, based on
the principle of mutual concetsion, has been
framed, and is now under the consideration of
some of the chief holders of the company's deben-
tures and stock, and if approved by them it will
be submitted to the general proprietary for their
sanction.

The Hudson's Bay Company have issued a copy
of the voluminous correspondence between the com-
pany and the Government, extending over a period
from July, 1862, to the 9th March inst., the date of
the letter from the Colonial-office, conveying
Lord Granville's proposal for the transference
of the territory of the company to the Dominion
of Canada. A meeting of the shareholders is called
for Wednesday next, the 24th inst., to consider
this proposal. Meanwhile the opinion of the Stock
Exchange with regard to it is indicated by a decline
the price of the £2O shares from 141 to 13i.
The intimation that the Portuguese Government
bad confiscated the South-Eastern of Portugal
Railway occasioned great excitement in the City.
It is felt that the authorities of Lisbon are playing
a very absurd game in thus pretending to forestall
the rights of the English bondholders. The arrange-
ments made in the settlement of the dispute last
year were calculated to inspire a hope that the
Portuguese Government would be inclined to make
a satisfactory adjustment. They have now taken
a very opposite course, and the effect will be
greatly to interfere with their credit. A protest
Should be made to the Government through the
English Minister, with the view of expressing au
opinion on the point, especially when it is known
that the financial affairs of Portugal are in such a
State of disorder.

The traffic of the London and South-Western
Railway shows an increase for the week of £284.
The traffic return of the Great Western Railway
exhibits an increase of £3,050.
The report of the National Bank of India
(Limited), to be presented on the 22d inst., shows
an available total of £19,961, including a previous
balance of £1,069, and recommends a dividend at
the rate of 6 per cent. per annum, and the appro-
priation of £3,000 to reserve, leaving £3,045 to be
carried forward.

At the meeting of Reuter's Telegram Company
(Limited) the directors' report, which announced
a total distribution of 10 per cent. for the year 1868,
free of income tax, was adopted.
At a general Court of the London Assurance Cor-
poration a dividend of £2 ss. per share was de-
clared for the half-year ending the 25th inst.
The mortgage debentures of the Trouville Asso-
ciation (Limited) were quoted to 1 prem.
A general meeting of the Universal Private Tele-
graph Company is called for the 31st inst.
At an adjourned meeting of the creditors of
Ilessrs. B. Watson and Co., spinners and manu-
facturers, held at Manchester, the unsecured liabi-
lities were stated at £60,000, and the assets, after
deducting payments to be made in full, at £10,400.
It was resolved to accept a composition of ss. in
the pound. A. meeting also took place of the
creditors of Messrs. Ward, Armitage, and Co. ;
an offer was made to pay 7s. 6d. in the pound, but
a committee was appointed to investigate. The
liabilities are £40,000, and the apparent assets
20,000.
The Coupons of the Egyptian Government
Loan of 1864, due the let April, and the Bonds
drawn for redemption, will be paid on and after
that date.

The Coupon of the English series (K) of the
Five per Ceut. Debentures of the Dutch Mortgage
Bank of Amsterdam, falling due the Ist April, will
be paid on and after that date.

BRITISH FUNDS—CLOSING PRICES.
8 GOVERNMENT FUNDS.
Per Cent. Consols
Ditto for Account,
t per Cent. Reduced 9ll i
"vl, 8 per Cent
New 21. per Cent. Jan. 1894
Do. 5 per Cen .19. n. 1873 .. —
AOLltlitieS, SO yrs, expire sth Jan., 1880. —3
DO. for 30 yrs, expire sth April 1885 —
„ Do (Red Sea Telei.raph),l9oB —
4.zelioquat Bills, £l,OOO, 21 per Ct.
De
.£5OO
Do. £lOO k £2OO —
+Dank of England Stock, 4por Cent
De. account
, ,anada 4 per Cent. Bonds —
tutor-Colonial Omniutn
INDIAN GOVERNMENT SECURITIES
India Stock, 101 per Cent., April 1874 2lO
Do. Opening, for Account --
Do. 5 per Cent. July, 1880
Do. 4 pec Cent., Oct. 1888
Do. Certificates •••
Do. Enfaced Pape, 4 per Cent —
Do. 5 per Cent., Jan. 1872
Do. 5i per Oqut. May 1879 —
DJ 5 per Cent., Rup. Deb. 1872 —
Do do 1877 —
Do. do. 1882 los}
D... Deb., 5 per Cent., Aug. 1873
Do. Bonds, 4 per Cent., 1;1,000
`).,. uod4r £I.OOO

FOREIGN FUNDS—CLOSING PRICES.
'l,r,utine Republic, t; per Cent.
0,. Beni. 4:45 paid
AU lifiLLi. tionds o pt.i cent
It Do. 1e59
rwlian 5 per Cunt —
I). 41 per Coot. ii
Do. do. 18.,:•4 —
Uo• do. 186
I)0. do., 1663 7l
"o• 5 per Cent., 1e,65
, U 0 Account 79
45 .etios Ayres 6 per Cent.
, Du 2 per Cent. (Deferred 3 per Cent )
ens., 6 per
6 per Cont