The Sun.
London, England, 1869-03-06 00:00:00

ONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
The general opinion that a rise in the bank rate
is imminent has tended to depress business. The
holders of continental securities were free sellers
to-day, but lower prices had to be accepted. Rail-
ways shared in the general dullness, but no par-
ticular diminution in price has to be noted. Ame-
rican Securities are firm, the 5-20's having again
advanced. The discount market is firm, and nothing
can be done below 3 per cent.
Consols are 92/ a for money ; ditto, for Ac-
count, 928 ; Three [per Cent. Reduced, 91/ 1 ;
New Tkreo per Cents, 91/ 1 8 ; ditto 21 per Cent.,
Jan., 1894, 751 ; Bank of England Stock, 4 per
Cent., 244.
The French Rentes this morning, according to
Reuter's telegrams, were 70f. 97c.
India Stock, 101 per Cent., April, 1874, 212 ;
ditto 5 per Cent., July, 1880, 1121 ; ditto 4.per
Cent., Oct., 1888, 100/ 1 1 x.d. ; ditto Bonds
£l,OOO, 10 prem. ; ditto under £l,OOO, 20 15 prem.
In the foreign market Turkish of 1.858 and
and 1865, and Charcow-Kremen tschug have de-
clined I per cent. ; Egyptian of 1868 and Italian
of 1861 1 ; Brazilian of 1865, Spanish of
1867, and Chal kof-Azof, ; and Peruvian
of 1865, The quotations are as follows :
Brazilian of 1865, 801 to 81 ; Chilian of 1867,
94/ to 951 ; Egyptian of 1864, 881 to 891; ditto
of 1868, 75/ to 76 ; Italian of 1861, 551 to 1 ;
Mexican, 151 to 1 ; Peruvian, 801 to 1 ; Rus-
sian of 1866, 931 to 941 ; Nicolai, 661 to 67 ;
Orel, 81/ to 821; Moscow, 79/ to 801 ; ditto
Charkof-Azof, 77 fo I, ex div. ; ditto Charkow-
lirementschug, 76/ to 771, ex div. ; Spanish of
1867, 311 to 321; Turkish of 1858, 611 :to 621 ;
ditto of 1862, 651 to / ; and ditto of 1865, 401 to 1.
In the railway market there is a rise of ; in
London, and North Western, viz., to 113* to 1141.
Great Western are 481 to 1 ; Midland, 1151 to / ;
South Western, 88 to 90 ; Great Eastern, 371 to
; Brighton, 501 to 1; South Eastern, 75/ to
76 ; Metropoliian, 1061 to 1.
A rise of 15, per cent. has taken place in the 5-20
Bonds, viz , to 831 to 8 ; Erie Railway Shares,
24i to 251 ; Illinois Central, 97 to 1 ; Atlantic and
Great 'Western Debentures, 311 to 321; and the
Consolidated Mortgage Bonds. 311 to 321.
No bullion operations of importance took place
yesterdcy at the Bank.
Thr La Plata, from Brazil, has arrived with
£41,600; the Saxouia, from New Orleans and
Ilavana, with £1,454 for London, and £2,320 for
Paris ; and the Dover Castle, from Melbourne,
with £29,000.
About £40,000 of bar silver, brought by the
West India Packet, has been sold at ss. 01d., being
a decline of Id. per ounce. The greater portion of
this has been sent to the Continent, there being no
demand for India.

The address of General Grant to the American
Public has given great satisfaction in the City. The
determined attempt to sustain the credit of the
United States, and the forcible appeal to support
Order and good government, lead to the expecta-
tion that the future prospects of trade and finance
Will be very favourable.
The failure is announced of Messrs. John Lead-
better and Co., lined manufacturers of Glasgow,
With branches at Belfast and Dundee. The li ibi-
ilties are estimated at £BO,OOO. It is stated, how-
ever, that the branches will not be affected.
Manchester advises report the suspension of
Messrs. "Waterhouse and Kendall, manufacturers,
of Stockport. The liabilities are believed to be
considerable.
The directors of the Glasgow and South-Western
Railway have declared a dividend at the rate of 41
Per cent. per annum.
Alessrs. Bischoffsheim and Goldschmidt have an-
nounced a 4 per cent. loan of £135,000 for the
the
of the Suliva Navigation works at
tile mouth of the Danube, guaranteed jointly and
severally by France, England, Italy, Prussia, and
Turkey, and redeemable by sinking fund between
the lst of January, 1871, and the 31st of Decem-
ber, 1882. The issuing price is to be 1001,
Which, reckoning accrued interest from the lac of
January, will be equal to par. The subscription
Will be opened at the Imperial Bank on Monday
at 10.

The opposition to the subscription proposed by
the Societe G(incirale of Paris on the security of
Part of the heavy amount they hold of Turkish
Treasury Bonds seems so strong, on a variety of
grounds, as to preclude the possibility of the loac
being officially admitted to the London market.

According to the telegrams from Amsterdam, the
new Russian Railway loan brought out in that city
and in Berlin is for £2,500,000 at a price equal to
about 78. Although it will not be offered for direct
Bubscription in London, its effect on our market will
be nearly the same, since it will induce the Dutch
and Prussian houses to sell their holdings of those
Previous issues which are current on the Stock Ex-
eliange• With regard to the incessant character of
these, loans it is suggested that in good faith the
"ts.,:ian Government should feel the time has ar-
rived for some pledge as to the amount at which
they are to cease. The wants of Russia, however,
are evidently so great that instead of waiting for
il er to pursue that course it would be well for
capitalists to protect themselves by declining to
make further subscriptions under the certainty
that the stock they take at a reduced price com-
pared with the existing quotations of previous
by will in a short time be in its turn depreciated
Y a fresh issue.

BRITISH FUNDS—CLOSING PRICES.
8 GOVERNMENT FUNDS.
Per Cent. Consols
If
NDitto for Account,
eer Cent.. Reduced 9ll - x d
vir 0
New . per Cent
TT? 1 r Centan. 1894
,&-°.2 5 p per
Cen. J J
an. 1873
114Uities, SO yrs, expire sth Jan., 1880.
o. for 30 yrs, expire sth April 1885 —
tz ? (Red Sea Tele6raph), Aug., 1908 —
euequor Bills, £l,OOO, 2i per Ct.
1)0
D 0 .£5OO
.£lOO .5z £2OO
an..
of England Stock, 4 per Cent
b 241
cht q• account
I„44ada 4 per Cent. Bonds —
'''er-Colonial Omnium —
40.1NotAN dOVERNMENT SECURITIES
r\"a tock, 10i per Cent., April 1874... 212
--°' Opening, for Account
0 -
D°. 5 per Cent. July, 1880
°. 4 per Cent., Oct. 1888
-0. Certificates
D
. Enfaced Pape 4 per Cent
U°. 5 per Cart., Jan. 1872
°. 5} per Cent. May 1879
11Cent., •
""'/ 5 per Rup. Deb. 1872 —
Dodo 1877 —
Do, do. 1882 —
/ye. Deb., 5 per Cent., Aug. 1873 —
per Cent., .£l,OOO
"0. under £1.000

EOREIGN FUNDS—CLOSING PRICES.
Argentine Republic, t per Cent .....
1) ,
4Scrip £45 p aid
Austrian Bonds 5 per cent —
Do. 1859
/Irkzilian 5 per Cent 67
r 93. q per Cent. 1852 —
Vo,—°, do. 1858..... —
do. 186 1 —
bo.
71}
I) do., 1863
i;°' per Cent., 1865
11,•-'0 Account Boi 4- i
11°,00s Ayres 6 per Cent.
e.',) 2 per Cent. (Deferred 3 per Cent )
,6
e 4.,., 6 per Cent.
rl"4 6 C t
1 per en
De. 41 per Cent..., , .., 7l
3
per Cent.,
1,0 6
I, • per co-t. 1867
b
e j°• 7 per Cent., 1866
0 nbi.in, 6 per Cent.
ball'21:1 ati 3 per Cent. 1825
an Principalities, 7 per Cent 751
'1)() 8 per Cent., 1867 ..
I 1.11413 r New Consolidated, 1 per Cent•
syptian, 7 per Cont...
"o Sec.:hid Issue..
1,3,0. 45!)t, Bonds
831
"•)°. £lOO Bonds ..... 821,-
Do.
1864
Do
t„. £4.60
Bond!.ccount
89f
,o• 410 C Bends
-E,tiglisla Scrip, 1868 76 i
Do
Qr(ioverLnlent Railway Debentures
17,., Per Coat., 1824 5, ex Coups. —
Da'
~ Aieecunt
Coup",
•
(I. Account
40.,4t,einala 5 per Cent .. —
'l4ras Gov. Rail. Loan, 10p. Ct„ all 14 85