The Sun.
London, England, 1869-04-05 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

The Stock Market has been very inanimate to-
day, but prices have been maintained. The monthly
settlement, which commences on Thursday next,
no doubt contributes to the firmness of the Go-
vernment securities. There has been some activity
in the Foreign Market, and prices in some instancss
have improved. In the Discount market money is
plentiful, and good three months' bills are taken
below the official rate. In the house the rate for
loans is 34.
Consols are 924 3 for money; ditto, for Ac-
count, 93 ; Three per Cent. Reduced, 911 1 ;
New Tkree per Cents, 91i / ; Exchequer Bills
£l,OOO, par ; ditto 1100, £2OO, and £5OO, par ;
Bank of England Stock, 4 per Cent., shut.
India Stock, 103- per Cent., April, 1874, —;
ditto 5 per Cent., July, 1880, 1121 ; ditto 4 per
Cent., Oct., 1888, 100:1 4.
In the foreign market Egyptian of 1868, Turkish
of 1862 have risen 4, Egyptian of 1888, -I ; Italian
of 1861 and Turkish of 1865, 4. The prices are as
follows :—Bra-zilian of 1865, 80 to ; Chilian
of 1867, 944 to 954 ; Egyptian of 1864, 86 to
87 ex div. ; ditto of 1868, 761 to 77 ; Italian
of 1864, 55 to 554 ; ditto of 1868, 84 to
85 ; Mexican, 15 to 4 ; Peruvian of 1865, 781 to
; Russian of 1866, 91 to 4, ex div. ;
661 to 674 ; Orel, 814 to 814 ; Moscow, 794 to 4 ;
ditto Charkof, 774 to 4 ; ditto Charcow, 77 to 4 ;
Spanish of 1867, 31 to 4 ; Turkish of 1858, 63 to
64 ; ditto of 1862, 674 to 1 ; and ditto of 1865,
414 to 4.

In the Railway Market prices are now quoted
as follows : London and North Westvrn,
115 to 1151 ; Great Western, 491 to 49f, ex
div. ; Midland, 1161 to 116; ; London and South
Western, 87 to 89 ; Great Eastern, 37; to 38 ;
Brighton, 481 to 4 ; South Eastern, 751 to ;
Metropolitan, 101 l to 4 ; Great Northern, 107 to
108 ; ditto A, 109 to 1091; Caledonian, 79/ to 1;
London, Chatham, and Dover, 16j to i; and
Sheffield, 57 to 1.
American Five-Twenty Bonds have risen to
831 to 1 ; Erie Railway Shares, 24 to ; Illinois
Central, 961 to 97 ; Atlantic and Great Western
Debentures, 32 to 331; and the Consolidated
Mortgage Bonds, 321 to 331.
In miscellaneous shares, National discount are at
111 to 1 ; General Credit, 1; to 4 dis. ; Interna-
tional, 14 to 4 dis. ; Hudson's Bay, 121 to 4 ;
Telegraph Construction, 161 to 171 ; Atlantic
Telegraph Eight per Cent. Preference, 5/ to ; ;
and Anglo-American, 221 to 1.
Bank shares are firm. City, 12 1 ;
16; 171 ; London and County, 511 521 ; London
Joint Stock, 32; 331; London and Westminster,
644. 1 ; Union of London, 361 1 ; Anglo-Aus-
trian, 151 161 prem. ; and Imperial Ottoman,
2 4. prem.

The Mortgage Debentures of the Trouville
Association are quoted k to 1 prem.
The scrip of the Guatemala loan is quoted to
2 prem._

'The Red Jacket has arrived from Melbourne
with £41,000 in gold.

At the Bank bullion office on Saturday no trans-
actions were reported.

The steamerPoonah, on Saturday, took out
£120,822 in specie, for the East. Annexed are the
particulars, viz :—For Galle, gold £515 ; Madras,
gold, £6,500; Calcutta, silver, £30,000; Shang-
hae, silver £15,515 ; Hong Kong, silver, £24,792 ;
Bombay, gold, £13,500, and silver £30,000.
In accordance with the resolutions passed at the
extraordinary general meeting of the Great Nor-
thern Railway Company on the 20th of February,
notice is given that the £450,000 of new ordinary
stock then authorised to be created will be allotted
rateably at par to the proprietors of the Original
and "A" and "B" stocks on or before the 9th
instant. The new stock is to rank in all respects as
regards dividend upon the amount paid up with
the Consolidated Original stock, and it is to "be
incorporated with the Original stock of the com-
pany on the re-opening of the books after the
half-yearly general meeting in February, 1871."
The half yearly meeting of the Lake Huron Rail-
way Company, convened for the 29 th inst., will be
made special, for the purpose of considering and
confirming an agreement with the Grand Trunk
Railway Company.
The half-yearly meeting of the Demerara Rail-
way Company is coavened fur the 21st inst.

With reference to the Russian Thr:e per Cent.
Loan of 1859, Messrs. Thomson, Bonar, and Co.,
have notified that the new sheets of coupons for the
ensuing ten years will be ready for issue on the Ist
of May.

Messrs. C. J. Hambro and Son have given notice
that the excess dividend on Zealand Railway shares
for the year 1868, of 2 per cent., or Bs. per share,
over and above the interest of 4 per cent. guaran-
teed by the Danish Government, will be paid by
them on the 9th inst.

The numbers are published of 100 preference
shares of the Tournay to Jurbise and Linden to
Hasseh Railway Company, which were drawn for
redemption on the 27th ult., and are now payable
at par.

It is stated that a new concession will be granted
for the Sebastopol Harkow Railway, one section
of which will be constructed by the State, on
political grounds. A new issue of railway obliga-
tions is also likely to take place for the Grand
Russian Railway Company for six millions sterling,
in 5 per cent. bonds, repayable by drawings.
Proposals have been issued by Messrs. Thomson,
&mar, and Co., for a 6 per cent. Guatemala► loan
of £500,000, at the price of 69/, reckoning allow-
ances, repayable at par within 19 years, from an
annual accumulative sinking fund of 3 per cent.,
and specially secured by a lien on the Customs'
dues. The objects are to pay off a home debt of
about £200,000., and also to construct a road from
the capital of the Republic to a port on the Atlantic
to increase the development of the various resources
of the country.
A prospectus has been issued of the New Zealand
Quartz Crushing and Gold Mining Company, with
a capital of £50,000 in shares of £2, half to be first
issued.

A shareholder in the old Atlantic Telegraph
Company writes as follows :—" My
attention has
just been directed to thpehspceech of the chairman of
the Atlantic
`Telegraph
ea
meet-
ing on the 18th instant., ionmpahin y at is
ch he says that
the average receipts
by the Atlantic
cables have been £7OO per day, but that, owing
c
to some special expenses for buildings, ,
pay aboutszc"
there
4 per
will be merely enough profit to
cent., or 6 per cent. to the 8 per cent, preference
holders, leaving nothing for the original stock. Ite
is, however, clear that the chairman was ,
only sur-
mising the result, as 'he had not received the ac-
counts from the Anglo-American Company,' and
the financial year will not close till April 30th.
Seven hundred pounds per day net receipts
gives £255,500 per annum, and if from this be
deducted the expenses, about £30,000, and the
Anglo-American Company's first charge upon
the profits of £125,000, together £155,000,
it follows that a balance of £100,500 is
left for the Atlantic Company's shareholders.
This £100,500, apportioned, would give the 8 per
cent. preference stock about 10 per cent., and the
original stock about 6 per cent. The chairman,
however, says that the preference stock will only
get about 6 per cent., or £36,000 ; therefore the
expense of the buildings must be about £64,000,
which is simply preposterous. Surely the cost of
buildings should be capitalised. The unissued
stock of the Atlantic Company would be more than
ample to cover the expense. The shareholders
should protest against their fair revenue earnings
being applied to capital purposes. Let them do so,
and doubtless both the preference and the original
stock will receive a full dividend."

ZIRIT IS U FUNDS-TWO U'ULOCK

G OVERNMENT FUNDS.
3 per Cent. Consols
Ditto for Account,
3 per Gent.. .Reduced !ill i
New 3 per Cent
New 2i per Cent. Jan. 1894
Do. o per Gen J 9.n.1873
Annuities, 30 yrs, expire sth Jan., MO —

Do. far 30 yrs, empire sth April 1885
Do (Red Sea Teletraph), Aug., 1908
Es !iicqu',,r Bills. £l,OOO, 2i per Ut.
Da £500
Do. £lOO St .C4OO par
Bank of England Stock, 4 per Cent shut
Dqopening
Canada 4 per Cent. Bonds —
Inter-Colonial Uranium
INDIAN i3OVERNMENT SECURITINI3.
India Stock, 10f per Cent., April 1874 —
Do. Opening, for Account --
Do. 5 par Cent..fuly 1880

Do. 4 per Cent., Oct. 1888
FOREIGN FUNDS—TWO O'CLUCt'.
Argentine Republic, 6 per Cent ... .
Do., Scrip 145 paid ..
An ;trial! Bonds 5 per cent ..
De. 1859 —
Bru.ilian 5 per Cent -
)1. 4i per Cent. 1852 —
Do. do. 13.18....
Do. do. 186
Do. do., 1863 6Bl
Do. 5 per Cent., 1865
00 Account BO i
8...n0s Ayres 6 per Cent.
Do 2 per Cel.t. (Deforrtd 3 per Cent ' _
Culsi, 6 per Cent.
Otail!hll 6 per Cent
r,n. 4i per Cent i2i
Do. 3 p.,r Cent., ......
1 0. 6 per co .t. 1.867
Do. 7 p.n. Cent., 1866
C lo :a1.1:,11. 6 p..r Cent
Dxn sti 3 p-sr Cont., 1825........
Dan .oi,,e Principalities, 7 ter Cent 76
D , 1 per Cent., 1867
wqmslor New- Coniolidatwd, 1 per Cent,
E4),0:t11, 7 per Cent ••.
1,,,
~:eteOilti iSSU, ... ••• .• ....
Do. .£soi, Ponds —
D0..£100 Bonds
• •••• --
Do. 1864
Do. Account
Do. £51.0 Bonds
Do. 410 G Bonds B7
Englieh Scrip, 1868
Do do. £45 pd —
Government Railway Debenture!.
Greet 5 per Cont., 1824 5, ex Coups

Lip. Acocunr
U.. Coupons

Do. Account
Guatemala 5 per Cent .. t,
Honduras Gov. Rail. Loan., 101). Ct., all pd
Itiliau 5 per Cert., 1865 --
Do. Account ... —
Do Maremmana Railway 57
%lex car. 3 per Cent —
Ditto for Account
Do. 186}
Do 6 per Cont. Anglo-French —
qouteviclvan 6 per Cent. .. —
Moorish Imperial 5 per Cent
New Granada —
Do 3 per Cen —
Do. Deferred
Peruvian 5 per Cent. 1865
Do Account ., 78j 9}
Do 4} per Cent. (UiNtrren)
Do 44 per Cent.. 1862 -
Do Account
Portsguese 3 per Ct., 1853, '6, 7,'9,'1;0,'•2.': 35j
Do. do. 1867 36}
Do. do. Scrip, £2O paid —
Russian 5 ger Cent., 182 Z, £ St
Do 4i per Cent , 1850
Do 4} per Cent., 1860
Do 3 per Cent., 1859
Do 5 per Cent., 1862
Do. Anglo-Dutch, 1864, £lOO Bonds.,
Do. do. £B4 15s. do —
Do., 1866, £lOO Bonds 9l }
Do. do £B4 15s. do
Do Nicolas Railway 67
Sardtuien 5 per Cent 74}
Spanish 3 per Con .
Do. Acci.,un t .... —
Do. 1867
Do. Account
Do. New Deferreu —
Do. Account
Do. Passive •
Do. Com. Cert. of Coup. not fuuded
Do. Account
Swedish Provincial Mortgage Loan
Do Government, 1864
Do do, 1868
Do do, Scrip — pit
Turkish 6 per Cent.' ., ,_
Do Account
Do 6 per Cent. 1856
Do Account .. 64
Do £lOO Bonds
Do 6 per Cent., 1862
Do Account
Do .£IOC Bonds 694 70
Do 5 per Cent. 1865
Do Account
Do 6 per Cent., 1860
Divideucts on the above payable in L 000,),
Austrian o per Cent. Ex 10 Florins
Belgian, 4} per cent., Ex. 25f.
Dutch 2i per Cent. Ex. 12 Guil „ —
Do. 4 per Cent. Certificates ....
Do. Account
French Routes, 3 per Cent., Ex. 25f.....•,
Wilier, 5 per Cent. 1851, Ex. 25f.
Do Account 55,1 1.
TWO O'CLOCK.
Oonsols, Money 921. 3
Do. Account, April 8

_RANK OF FRANCE.

Yams, April 1.

Die following is the return of the Bank of France
for the week ending to-day, together with the cor-
responding figures of the previous account :