The Sun.
London, England, 1869-03-02 00:00:00

M ONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLooK.
The business to-day was not of a very Ective de-
scription, but yesterday's prices were maintained.
The principal business in the English market is the
preparation of the monthly settlement. American
5-20's have given way, but Continental securities
remain firm. Money is still held for 21 to 8 per
cent.

Consols are 93 24 for money ; ditto, for Ac-
cottnt, 921 ; Three per Cent. Reduced, 91. i ;
New 'Three per Cents, 914 i ; ditto Annuities,
April, 1111 x.d. ; Bank of England Stock, 4 per
Cent., 243 2.

:"-• India Stock, 101 per Cent., April, 1874, 211 ;
ditto 5 per Cent., July, 1880, 1121 4 ; ditto 4 per
Cent., Oct., 1888, 1001 a x.d.
In the railway market 11Iidland, Brighton,
Metropolitan, and London, Chatham, and Dover
stocks have improved 1. to s per cent. ; but London
and North Western has declined 1. Some of
the present prices are as follows :—London
and North Western, 114} to 1 ; Great Western,
481 tot; Midland, 1151 1 ; South Western, 88 to
9p; Great Eastern, 374 to 38; Brighton, 501 to
1 ; South Eastern, 771 ; Metropoliian, 1051 to 4.
In the Foreign Market Italian of 1861 and Turk.
isk of 1865 have improved } per cent., while Egyp-
tian of 1868 have declined to the same extent.
Subjoined are the prices :—Chilian of 1867, 941 to
951 ; Egyptian of 1861, 89 to 90 ; do. of 1868,
764 to 77 ; Italian of 1861, 564 to 57 ; Tobacco
4 to 5 prem.
American Five-Twenty Bonds have receded to
811 to 1. Erie Railway share are quoted 25 to 4,
showing a rise of -1 per cent.
In miscellaneous shares National Discounts are
111 to 4 ; General Credit, 11 to 11 dis.
Bank shares are steady. City, 114 to 121, and
London and Westminster, 641 to 651.
A further sum of £82,000 in bar gold has been
withdrawn from the Bank for importation.
The Thyatira has arrived from Melbourne with
£42,000 in gold , and the steamer Shannon from
the West Indies with £249,766 in specie.
The Neva left for the West Indies yesterday,
and took in specie £7,600, all silver.
the committee of the six associated Australian
banks have invited tenders for a railway loan for
the colony of Victoria for £2,107,000 in 5 per cent.
debentures with interest from the Ist of January.
The loan will be issued in debentures of £lOO,
£5OO, and £l,OOO each, bearing interest at 5 per
cent. to commence from Jan. 1, 1869, and the
coupons of the said loan are payable on Jan. 1 and
July 1 in each year, at the London and Westmin-
ter Bank and the London Joint Stock Bank, where
also the principal will be payable on the Ist day of
January, 1894. The line of railway for which the
funds are to be applied is from Melbourne to Bel-
"foir, on the Upper Murray river. The tenders are
to be opened at the London and Westminster Bank
on Tuesday, the 9th inst.
The statements recently circulated regarding the
Turkish
Loan to be introduced by the Societe Ge-
nerale at Paris and elsewhere are understood to be
Premature. None of the conditions have yet been
definitively arranged, and an immediate issue is not
expected.

It is understood that Daoud Pasha is still in Paris
.vith the hope of negotiating the large railway loans
thlately authorised by the Ottoman Government, and
_that there is also some idea of appealing to the
London market. Such a step, however, would be
entirely useless 83 long as the grievous causes of
complaint on the part of the guaranteed Turkish
railways already constructed with English capital
remain unredressed.
The conversion and consolidation of the Aus-
trian debt is at least announced in London. The
Anglo-Austrian Bank have given notice that they
are authorized by the Austrian Ministry of Finance
to receive securities of the various public debts of
the Empire, for conversion into bonds of the New
Consolidated State Debt, pursuant to the law of
20th June, 1868.
The Brighton Railway traffic return shows this
Week a decrease of £6 compared with the corres-
ponding week of last year.
Count de Germiny, a leading director of the
Bank of France, has joined the Paris Committee
of the Imperial Ottoman Bauk, in succession to M.
Buffarini.
An extraordinary general meeting of proprietors
of the lonian Bank is called for the 23d inst., " to
bear an explanation from the directors of the recent
arrangement between the Bank and the Greek Go-
vernment, and for other business."
The half-yearly meeting of the Sombre and
Meuse Railway Company is called for the 10th inst.,
in London, preparatory to the meeting convened
for the 27th at Brussels.

The receipts of the Great Western Railway of
Canada, for the week ending the 26th Feb., were
1.1,104, being £495 more than in the correspond-
ing week of last year.
An extraordinary general meeting of the Maud-
tms Land Credit and Agency Company (Limited)
will be held on the 17th inst.