The Sun.
London, England, 1869-03-15 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

Prices are steady to-day, but business is not over
active. In the Foreign market Peruvian have ex-
perienced a fall, but other continental securities re-
main at the closing price of Saturday. Iu Railways
prices have in no instance materially altered from
the closing quotations. The charge for dis. in the
house is 2i, but in the " open" it is not to be had
under 3.

According to Reuter's telegram this morning the
French Renter were 71f 02c.

Consols are 924 i for money ; ditto, for Ac-
count, —; Three per Cent. Reduced, 911 1;
New Three per Cents, 911 1 ; Exchequer Bills,
£l,OOO, 21 per Cent., —; ditto £lOO, £2OO,
and £5OO, 4 prem. ; Bank of England Stock, 4
per Cent., —.

India Stock, 10} per Cent., April, 1874, —;
ditto 5 per Cent., J'uly, 1880, 1121 i ; ditto 4 per
Cent., Oct., 1888, 1001; ditto Enfaced Paper 5i
per Cent., 110.

In the Foreign Market Peruvian bas fallen, the
present quotation is now 781 to 781 ; Italian is
551 to 551 ; Turkish Five per Cents., 401 to 40/ ;
Spanish Three per Cents., 311 to 311; Mexican,
15 to 151 ; Egyptian of 1868, 751 to 761 ; Argen-
tine, 791 to 73/ ; Chilian, 94/ to 951 ; Portuguese
Three per Cent., 361 to 37 ; and Russian Orel and
Vitebsk, 811 to 81/.
In. the railway market Caledonian, 79 to 791;
Great Eastern, 371 to 371 ; Great Northern, 107 to
1081; Ditto A Stock, 1051 to 1061 ; Great West-
ern, 481 to 481; Great Trunk of Canada, 151
to 151; Ditto Fourth Preference, 171 to 18 ;
Great Western of Canada, 14; to 15 ; London and
Brighton, 491 to 49; ; London and North Western,
113/ to 114 ; London, Chatham, and Dover, 16/
to 17 ; Lancashire and Yorkshire, 1231 to 124 ;
Metropolitan, 1021 to 1021; Midland, 1161 to 117 ;
North Eastern (Berwick), 1001 to 1011 ; ditto
York, 901 to 911 ; Sheffield, 25 to 521 ; and South
Eastern, 76 to 761.

American Five-Twenty Bonds, 83i to 81 ; ditto
1E65, 821 to 821; ditto Ten-Forties, 73/ to 73/ ;
Erie, 25/ to 25i ; Illinois, 97 to 971 ; Atlantic and
Great Western Eight per Cents., 33 to 34; ditto
Seven per Cents., 32 to 33.
The prices for Banking shares are as follows :
Chartered Mercantile, 31 to 32 ; Consolidated,
to 1; London and County, 50/ 51/ ; London Joint
Stock, 32 33 ; London and Westminster, 641 654 ;
National, 42 43 ; do. Australasia, 64 7 ; Oriental,
44 45 ; Ottoman, 2/ 2i ; Union of London, 36/
374 ; Victoria, 39 41.

A sum of £53,000 in bar gold has been taken
from the Bank for shipment to the Continent.

The steamer Delhi left for the East, with
£104,100 in silver, and 2.2,200 in gold, for Bombay.
A general meeting of the Brighton Hotel Com-
pany (Limited) is convened for the 25th inst., to
receive the directors' report and balance-sheet.
The City Offices Company (Limited), in antici-
pation of the arrival at maturity on the Ist July
next of £300,000 of mortgage debentures, have, as
appears from a circular just issued to the share-
holders, decided to pay off £lOO,OOOO of the pre-
sent mortgage debt, and to issue new mortgage
debentures for £200,000, for a period of five years,
bearing 5 per cent. interest. The first option of
subscribing is offered to the present debenture
holders and shareholders.
According to the Paris advices a strong combi-
nation of Messrs. Fould and other bankers has been
effected for the introduction of the Italian Loan to
be secured by the ecclesiastical properties.
It is stated that the claims of the English bond
and share holders of the South-Eastern Railway
Company of Portugal were valued at £1,000,000
by the engineers of the Government itself, and that
a decree has now been issued to seize the line for
SOO,OOO. The act seems almost incredible, but it
Is only about 12 years since the Portuguse Govern-
ment, by an equally arbitrary announcement, con-
fiscated two-thirds of the property of the English
holders of their public debt. Should the news be
confirmed, its effect as regards the London money
market will be salutary, since it is understood
that Portugal requires a large loan, and the possi-
bility of the operation being introduced here will be
4t an end.

It is stated that the Bristol Marine Insurance
Company, started in 1864, has amalgamated with
the United Ports and General Insurance Company
of Cornhill, and that the latter has opened a branch
in Bristol for the conduct of its business in the
West of England.

Advices from the Continent respecting the new
Spanish Loan vary a good deal. It is, however,
generally believed that the amount will be for
about £10,000,000, and will be brought out in a
seven per cent. stock.
neuter's Telegram Company (Limited) have
issued the half-yearly report in anticipation of the
general meeting. It appears that the net profit
earned during the six months ending the 31st
December last amounts to £31,939 2s. Bd. Out of
this sum an interim' dividend of 2i per cent. has
already been paid ; and the directors now declare
a further dividend of If per cent., making a total
distribution for the year of 10 per cent., free of in-
come tax.

The Bradford and Manchester papers mention
the failure of Messrs. Dalby and Chapman, manu-
facturers, of Bradford, with liabilities estimated at
20,000. Glasgow advices also report the Bus-
Pension of a firm of wincey manufacturers, but
the liabilities are considered to be very small in
411101111 t.

The Manchester Courier of Saturday contradicts
a report which it had previously inserted of the
Suspension of Messrs. J. Macdonald and Co., of
Glasgow. The failure of a firm nearly similar in
designation was announced on Saturday, and as it
18 understood that the rumour in both cases referred
to the same firm, we give publicity to the contra-
diction as an act of justice to a house which is stated
to be perfectly solvent.

BRITISH FUNDS-CLOSING PRICES.

a GOVERNMENT FUNDS.
Per Cent. Consols
Ditto for Account,
S per Cent. Iteducod 9li I
,„O `o 3 per Cent
New 21 per Cent. Jan. 1894
Do. 5 rev Cen Jan .187 3
"alluities, 80 yrs, c r pire sth Jan., 1880 —
Do. for 30 yra, expire sth April 1885 —
Do (Rod Sea Telebraph), Aug., 19.08 -
Exehoq u :, r Bills. £l,OOO, 2i por Ct.
Do
.£5OO
Do,
Bank. of England Stock, 4per Cent
Do. account .. —