The Sun.
London, England, 1869-04-15 00:00:00

NEY MARKET

AND
COAIAIERCIAL INTELLIGENCE.

CITY, Two oCLooK.
Government Securities gave way to-day in con-
sequence of the rumoured issue of another Spanish
loan.
Foreign Securities also felt the depression.
Notwithstanding that the settlement occupies
the principal part of the attention of the brokers.
There has been a better business done in Railway
shares at improved prices. Iu the house the charge
for loans is 21 per cent.
- Consols are 931 1 for money; ditto, for Ac-
count, ; Three per Cent. Reduced, 918 21; ;
New Three per Cents, 918 2 l 2 ; Annuities, April,
1885, 11 15-16 ; Exchequer Bills£l,ooo, 2 prem. ;
ditto £lOO, £9OO, and £5OO, 2 prem. ; Bank of
England Stock, 4 per Cent., —.
o
India Stock, 101 per Cent., April, 1874, 210 12 ;
ditto
5 per Cent., July, 1880, 1131; ditto 4 per
'ent-) Oct., 1888, 100 k ; ditto Bonds under
£l,OOO, 10 prem.
In the Foreign Market Spanish of 1867 bas
gone down 1 per cent., but Italian of 1861, and
Egyptian of 1868 have improved 1
Vitebsk and , and Orel-
Turkish of 1865, Prices are
now as follow :—Brazilian of 1865, 80 to
Chillian of 1867, 95:1 to 961 ; Egyptian
of 18641 86f to ex div. ; ditto of 1868,
of 1
761 to 1; Italian of 1861, 55k to 561 ; ditto
868 B3l to 841 ; Mexican, 141 to I ; Peruvian
of 1865, 781 to 79/ ; Russian of 1866, 901 to
91) ex div. ; Nicolai, 65 to 1 ; Orel, 82 to
82i ; MDSCOW, 74 to 79 ; ditto Charkof, 764 to 771.
the Railway Market a rise has occurred in
Midland, South Eastern, Metropolitan, Great
Northern A, Caledonian, and London, Chatham,
Dover stocks. London and North-Western,
on the contrary, fell 1. Prices are :—London and
North Western, 1151 to
to 1 ; Great Western, 491
Midland, 1161 to 1 ; London and South-
Western, 87 to 89 ; Great Eastern, 371 to 38 ;
M Brighton, 471 to t ; South Eastern, 751 to 1 ;
etropolitan, 1031 to ; Great Northern, 107
to 108 ; ditto A, 109 to 1 ; Caledonian, 781
791. ex div. ; and London, Chatham, and Dover,to 178 to 181.

American 5-20 Bonds have declined to 834 to it ;
Erie Railway shares are 234 to 24 ; Illinois Central,
964 to 97 ; Atlantic and Great Western Deben-
tures, 31 to 32 ;
_and the Consolidated Mortgage
Bonds, 30 to 4.
In Bank Shares, London and Westminster,
634 to 644 ; London and County, 501 to 504 ;
are
London Joint St Y,
324 to 334 ; Union of Lon-
dond Imperial Ottoman, 24 to I prem.'
In Miscellaneous Shares Hudson's Bay are ss.
better, at 13
General Ito ; National Discount, 114 to ;
Credit, 11 to 4 dis. ; International 14 to
dis. ; Telegraph Construction , 164
lantic Telegraph Eight perent. Preference, 34
Cto 174 ; At_
t 0 ; and An 224 to
There were no gold operations at the Bank yes-
terday. The result of the transactions during the
week since the date of the last return has been upon
balance a withdrawal of £69,000.
Telegrams from Paris announce that a Spanish
loan for a net sum of ten millions sterling has been
contracted with Messrs. Oppenheim, of Paris, and
Messrs. Sulzbach, of Frankfort. Subscriptions for
one-fourth of the amount will, it is said, be opened
almost immediately in London and in all the prin-
cipal markets of the Continent, and the remaining
three-fourths will be brought out at later periods.
The operation has • the support of a large combina-
of the Paris bankers.
The telegram from Madrid stating that "Senor
rignerola, the Minister of Finance, proposes to
unify the public debt by allowing the next half-
yearly interest due in June to accumulate and be
added to the capital" seems incomprehensible. It
Would appear to be simply a declaration that the
next half-yearly interest will not be paid, and it
would be difficult to conjecture what influence this
default could have in 4; unifying" the public debt.
All necessity, however, for speculation on the matter
is apparently removed by the announcement of the
new loan, which, it may be presumed, has for one
of its immediate objects the payment of the dividend
in question.
At a meeting of the London Gaslight Company
dividends upon all classes of preference shares and
stocks were declared.
At the annual meeting of shareholders of the
Agra Bank (Limited) the report was adopted.
The meeting of the creditors of Mr. John Cross-
ley, woolstapler and warp maker, of Halifax,
whose liabilities are estimated at £38,000, has
been adjourned to the 21st inst., to consider a pro-
posal made of a composition of Bs. in the pound.
The failure is announced of Messrs. P. Kean and
Co., fancy dress manufacturers, of Glasgow. The
liabilities are stated to be inconsiderable.
At an adjourned meeting of the creditors of
Messrs. R. Watson and Co., spinners and manufac-
turers, of Church, Somersetshire, to consider au
offer by the firm of a composition of ss. in the
pound, the proposal was declined. Proceedings in
bankruptcy will be continued.
The report of the Demerara Railway Company
has been issued. It states that there has been a
net profit for the six months ending the 31st De-
cember last of £6,685 lls. ; and, after payment of
the preference dividend, the customary dividend of
24 per cent, per annum on the original stock is re-
commended, leaving a balance of £993 9s. 9d. to be
carried forward.

At the meeting of the Credit Foncier of Mauri-
tius (Limited) the special resolutions passed on the
25th ult. were confirmed.
The annual meeting of the proprietors of the Na-
tional Provincial Bank of England will be held on
the 13th of May.
With reference to the East and West Junction
Railway Company notice is given that a petition
Praying the confirmation of a scheme of arrange-
ment between the company and their creditors is
to be heard before Vice-Chancellor James on the
Ist of May.

BRITISH FUNDS-CLOSING PRICES.

GOVERNMENT FUNDS.
3 per Cent. Consols .
Ditto for Account, *************************
931
if
Newepwer3Cepent; &teed ******************************************** —9ll ? 1f
New 2} per Cent. Jan. 1;94 ****************** 94 i' 11
Do. per Cen J am. 187 3**
***********************
Annuities, 30 yrs, expire sth Jan., 1880.
Do. for 30 yrs, expire sth April 1885 11 15-16
Do (Red Sea Telok„raph), Aug., 1908
Exchoquor Bills, £l,OOO, 24 per Ct. ****** 2
Do
.£5OO
PmDo.
.£lOO & .E2OO 2
Bank of England Stock,7.4i per Cent
De. opening —
Canada 4 per Cent. Bonds —
Inter-Colonial Omnium
INDIAN GOVERNMENT SECURITIES
India Stock, 10i per Cent., April 1874 2lO 12
--
Do. Opening, for Account
Do. 5 per Cent. July, 1880
Do. 4 pee Cent., Oct. 1888
Do. Certificates —
Do. Do. Enfaced Pape. 4 per Cent..,„. —
5 per Cent., Jan. 1872
.... —
~ 5j er Cent. May 1879 —
4,3 Deer Cent., Rup. Deb. 1872 —
Do
do 1877 — O.
do. 1882 —
Do,
D...). Deb., 5 per Cent 873
~ Aug.g.
Bonds, 4 per Cent., .£l,OOO
Do. under £l,000
YOREIGNIFUNDS—CLOSING PRICES.
A.r yea. tine
aO. ie Republic, 6 per Cent
, ultrian Scrip .£45 paid .. ***** . * —
13onds 5 per
13razilian:1 per Cent°.iBs9
cent. —
Do: -a9 Per Cent. 1852 —
1858 —
Do. do.
186 i —
1)°. do
Do 6 ', 1803 — Per Cent 1865 —
Do Account .. "
B e
, ,os
.1,1.0...
‘: ..... ..z.
per Cent
eul..) 26
pejr Ce;aut. (Deferred 3 per Cent.)
U,...,ii per Cent.
, 4:.Z '4 I
,peror :1:Itt. ...
fu'o°: per cent. eCeennt.tlij. i
o r ,
0 io
.s,
,Pe Cent., 1866
ba„;:ulae, 6 per Cent.
.1.,'-''11), 3 1825
-L'kyio 1
_tau Principalities, 7 Par Cent
L,, -0 8 Per Cent., 1867 —
.;I;palti3arii,Netv Oonsolidated, 1 per Cent 7 per Cent....
kin Secood Issue
Bonds
Do. £lOO 80nd5.....
..... ---