The Sun.
London, England, 1869-03-09 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
Business had an improved tone to-day, and Con-
sols are a shade higher than yesterday. The foreign
market also looks better, and Securities are held
firm at yesterday's prices. There has been some
inquiry for Bank shares, but not to any great ex-
tent. The charge for first-class bills is 3i to I for
three months, and the price on 'Change for loans is
2i to 3.

Consols are 921 4 for money ; ditto, for Ac-
count, 923 ; Three Iper Cent. Reduced, 918 1;
New Tkree per Cents, 911 1 1 ; ditto Annuities,
April, 1885, 11 15-16 ex div. ; Exchequer Bills,
£l,OOO, 21 per Cent., par.
India Stock, 101 per Cent., April, 1874, 211 ;
ditto 5 per Cent., July, 1830, 1123 ; ditto 4 per
Cent., Oct., 1888, 1003 3 ; ditto Enfaced Paper
4 per Cent., 923.
In the foreign market Turkish of 1865, Char-
kof -Azof, and Charcow-Krementschug have im-
Proved 1 per cent. ; Peruvian of 1865 and Orel-
Vitebsk, 3 ; Spanish of 1867, 3-16 ; and Egyptian
01 1868, 3. The prices now are :—Brazilian of
1865, 803 to 8 ; Chilian of 1867, 943 to 953 ;
Egyptian of 1864, 893 to 891 ; and ditto of 1868,
753 to 76.
In the railway markets Midland has improved
- to 114 to ; while South Eastern has declined to
754 to 1; London and North Western, 1131 to I ;
Great Western, 483 to 8 ; South Western, 88 to
90 Great Eastern, 363 to ; Brighton, 493 to
50k; Metropolitan, 1053 to 106 ; Great Northern,
1073 to 1083 ; ditto A, 1053 to 106 ; Caledonian,
774 to 3 ; and London, Chatham, and Dover,
161 to 3.
In Miscellaneous Shares National Discount are
113 to 3 ; General Credit 11 to 1 dis. ; Inter-
national, 13 to dis. ; Hudson's Bay, 131 to 14;
Telegraph Construction, 183 to 3 ; Atlantic Tele-
graph Eight per Cent. Preference, 4 to 3 and
Anglo-American, 221 to it.
In Bank Shares London and County are 513
to 513 ; London Joint Stock, 323 to 323 ; London
and Westminster, 64 to 653 ; Union of London,
363 to 373 ; Anglo-Austrian, 15 to 16 prem. ; and
Imperial Ottoman, 2 to 3 prem.
American 5-20 Bonds are at 823 to 83, showing
a rise of I per cent. Erie Railway Shares, 241 to
25, being 3 better; Illinois Central, 963 to 974;
Atlantic and Great Western Debentures, 32# to
and the Consolidated Mortgage Bonds 323 to 3.
There were no gold operations at the Bank yes-
terday.
On the 29th of January a prospectus was suc-
cessfully issued of the British Indian Submarine
Telegraph Company, with a capital of £1,200,000,
for a line from Suez to Bombay, to be manufactured
by the Telegraph Construction and Maintenance
Company, and laid down by the Great Eastern
steamer. Yesterday another prospectus made its
appearance, for the Direct English, Indian, and
Australian Submarine Telegraph Company, with a
capital of £2,500,000, in shares of £5, This coin-
PanY also proposes to connect Suez and Bombay,
the difference between its programme and that of
the British Indian consisting in the line to
be established between England and Suez (via
Gibraltar land Malta), on the one side, and the
contemplated ultimate extension from Bombay to
Australia on the other. Each company has a solid
and influential board of directors, but the public
can hardly fail to be perplexed by the extent to
which the projects are identical, and consequently
of a directly.competitine character. Without some
explanation the rivalry will appear to be wasteful
and useless, especially as each company might, it
may be assumed, find ample scope for exertion and
profit by a division of fhe entire route from Eng-
land to Australia, instead of, as seems to be pro-
Posed, in laying down the double line between Suez
and India, and leaving the Australian communica-
tion for completion at some date.
The subscription for the £369,200 Six per Cent.
Bonds of the Unitel Canal and Railroad Com-
panies of New Jersey, offered by Nlessrs. J. S.
Horgan and Co., at the price of 86, has been
conaplected, and they aro now quoted at 1 to 11
premium.

The guaranteed 4 per cent. loan of £135,000
for the European Commission of the Danube, in-
trolueed by Messrs. Bisehoffihcin ani Gold-
szhnlidt, is almost analagyas to the guaranteed
Turkish 4 per cent. loan, which now stands at
1021.
One cause of the recent fall in Great Eastern
stock is stated to consist in the fact that the com
pany have introduced a bill applying for power
to create a further £1,500,000 for their Metropo-
litan Extension, and setting forth that the new
terminus in Broad-street will alone cost £1,000,000.
The return for the week of the traffic of the
Great Western of Canada shows an increase of
£2,500.

The half-yearly meeting of the Grand Trunk
Railway Company of Canada is convened for the
Bth of April, « for the purpose of receiving a report
from the directors, and for the transaction of the
other business of the company." The meeting will
then be made special for the purpose of considering
and confirming an agreement with the Buffalo and
Lake Huron Railway Company.
Creditors of the Trinidad Petroleum Company
(Limited) are required to send the particulars of
their elairas to the liquidators by the Ist of May, the
25th of May having been appointed by Vice-Chan-
oellor Malins for adjudicating on them.
The sixth ordinary general meeting of the Mer-
Cuant Banking Company of London will be held on
Thursday, the 25th inst. The transfer books will
closed from the 11th to the 23d March.
The adjourned half-yearly meeting of the Metro-
politan District Railway Company is to be held on
the 11th inst.
I,,The half-yearly meeting of the Buffalo and Lake
Illiren Railway Company is convened for the Bth
of April, and will be made special to consider and
confirm the proposed agreement with the Grand
Trunk Company.
•rile annual general meeting of the Tournay to
itirbise and Landen to Hasselt Railway Company
1-8 convened for the 27th inst., at Brussels.
An association has been formed called the Ha-
Unnah Cigar Brands Association for protecting
the Cigar manufacturers of Havannah and the im-
Porters and dealers of this country against fradu-
lent and colourable imitations of brands, labeLs,and
trade marks.

The Manchester papers announce that a meeting
of the creditors of Messrs. Shaw and Whittaker,
tnanufacturers, of Padiham, has been held, and
that it was agreed the estate should be wound up
wader a deed of assignment. The debts and liabili-
ties represented about £7,000, and the nominal
assets were £5,500.

BRITISH FUNDS-TWO O'CLOCK

, (iOVERNMEST FUNDS.
. Per Cent. Consols
Ditto for Account,
t Per Cent. Reduced 9li 1
Now 3 per Cent
w 21 per Cent. Jan. 1894
. Do. 5 per Cen i an. 1873
Annuities, 30 Tr's, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 ll 15-16
E= Do (Red Sea Telegraph), Avg., 1908 —
1)0
hequ'zr Bills, £l,OOO, 21 per (.t.
£5OO
Do. £lOO & £2OO —
Batik of England Stock, 4 per Cent
," 0--. account
anada 4 per Cont. Bonds —
Inter-Colonial Omnium
INDIAN UOVERNMENT Slicuurrms
India !:.toe lc, 101 p )r Cent., April 1874 2ll
DO. Opening, tor Account -
1)0. 5 per Cent. July, 1880
"0. 4 per Cent., Oct_ 1888
Do. Certificates -
Do. Eufaced Pap, 4 per ()Ant 92}
D.. 5 per Cert., Jan. 1872
Do. 51 per Oent. May 1879 —
D 3 5 per Cent., Rup. Deb. 1872 —
Do do 1877
n Do. do. 1882 —
'",;• Deb., 5 per Cent., Aug. 1873
Do. Bonds, 4 per Cent., £l,OOO
00. under £l,OOO
FOREIGN FUNDS—TWO O'CLOCK.
Argentine Republic, t; per Cent ... .
•m A Dn., Scrip £45 paicl ..
uitrian Bonds 5 per cent
D. 1859
44"zilian Soper cent --,