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

ION E Y MAR K E T

AND
COILIIERCIAL INTELLIGENCE.

CITY, Two oCLocK.
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. In the house the charge
for loans is 21 per cent.
Consols are 931 for money; ditto, for Ac-
count, —;
Three per Cent. Reduced, 91/ 2 14 ;
New Three per Cents, 918 2 12 ; Annuities, April,
1885, 11 15-16 ; Exchequer Bills£l,ooo, 2 prem. ;
ditto £lOO, £2OO, and £5OO, 2 prem. ; Bank of
England Stock, 4 per Cent.,
India Stock, 101 per Cent., April, 1874, 210 12 ;
ditto
5 per Cent., July, 1880, 1131 ; ditto 4 per
Cent., Oct., 1888, 1001 ; 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, and Orel-
-Vitebsk and Turkish of 1865, i. Prices are
now as follow :—Brazilian of 1865, 80 to
; Chillian of 1867, 95,i to 961 ; Egyptian
of 1864, 861 to
ex div. ; ditto of 1868,
of
71
Bto Italian of 1861, 55/ to 561 ; ditto
186, 831 to 841 ; Mexican, 141 to * ; Peruvian
91
of 1865, 781 to 791; Russian of 1866, 90/ to
829 ex div. ; Nicolai, 65 to / ; Orel, 82 to
/ ; Moscow, 784 to 79 ; ditto Charkof, 7q to 771.
In the Railway Market a rise has occurred in
Midland) South
N Eastern, Metropolitan, Great
and 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 ; Great Western, 491.
to i ; Midland, 116.1. to 1 ; London and South-
Western, 87 to 89 ; Great Eastern, 374 to 38 ;
Metro
Brighton, 471 to ; South Eastern, 751 to ;
politan, 1031 to it ; Great Northern, 107
to 7 108 ; ditto A, 109 to 1
; Caledonian, 781 to
171 to
9i ex div..
; and London, Chatham, and Dover,
18i
American 5-20 Bonds have declined to 83/ to ;
Erie Railway shares are 231 to 24 ; Illinois Central,
t 961 to 97 ; Atlantic and Great Western Deben-
ures, 31 to 32 ; and the Consolidated Mortgage
Bonds, 30 to 1. -
In Bank Shares, London and Westminster, are
63i to 641 ; London London Joint and County, 504 to 501 ;
don Stock, 32i to 331 ; Union of Lon-
, 36i to 361 ; Anglo-Austrian, 17 to 18 prem. ;
and Imperial Ottoman, 2/ to prem.
In Miscellaneous Shares Hudson's Bay are ss.
better, at 13
General Ito I ; National Discount, 111 to ;
Credit, 14 to 1 dis. ; International, 11 to 1
ladis. ; Telegraph Construction, 161 to 17/ ; At-
ntic Telegraph Eight per Cent. Preference, 34
tc4 ; and Anglo-American, 221 to I.
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
cue-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-
tion of the Paris bankers.
The telegram from Madrid stating that " Senor
Figuerola, 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 " 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. iu 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., spiniers and manufac-
turers, of Church, Somersetshire, to consider an
offer by the firm of a composition of ss. in tho
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
2} 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 PIINDS—CLOSING PRICES.

GOVERNMENT FUNDS.
3 per Cent. Consols ....... 93i
Ditto for Account ....................
NewB per Cent. Reduced.,,,............. —9ll 2li
3 per Cent .................................. I
91 2 If
Now 2i per Cent. Jan. 1894 •••""""'• ••
Do. 5 per Con J an. 1873 --
Annuities, SO yrs, expire sth Jan., WM/
Do. for 30 yrs, expire sth April 1885.., 11 15-46
Do (Red Seal eleraph), Aug., 1908 ..._
Exchequer Bills, £l,OOO, 2i per Ct. 2
Do.
Do
.f5OO
2
.£2OO
Bank of England Stock,;4
1 per Cent
Do. opening
Canada 4 per Cent. Bonds
Inter-Colonial Ommunt
INDIAN GOVERNMENT SECURITIEII
India r,cick 10} per Cent., April 1874., 2lO 12
Do. Opening, for Account
Do. 5 pur Cent. July, 1880
Do. 4 per Cent., Oct. 1888
.....
Do. Certificates
Do. Enfaced Pape* 4 per Cent.... —
Do. 5 per Cent., Jan. 1872 ~....... —
Do. 51 per Cent. May 1879 _
Da 5 per Cent Rup. Deb, 1872
~ P.
Do,_
Do
do 1877
_
do. 1882
IL. Deb., 5 per Cont., Aug. 1873 •""' Do, Bonds, 4 per Cont., £l,OOO
Do. under £l,000
IrOREIGNVENDS—CLOSING PRICES.
Argentine Republic 6 per Cent
1)0 , ... . . ,
, bu•lp 44a paid .. .... _
An itriau Bonds 5 per cent
ritLillan 5 per Cent —
Do, 111
r, •'s Per Cent 1852
i%-o• do. " 1858 —
.„`"°. do
1861
is'-'°. do. 1863 —
*Jo. r ~
lee
jit.err Cent., 1865
8 4r
OyUrtlest . .6.1.).e.; . 6.. z
_...
B o
(jet), 261pverreceennt.t.(Deferred 3 per Cent.)
~iimn 6
Per
„_on
......................... _
12On 4 t per ;entt...
~..
~,eO. 3 per Cent., .... .............
• 6 per cent. 1867 ................................
co
`l-11' 7bip,er Cent., 1866 ............. .......
Dan.
st 311, per Cent.
:, Per Cent. 1825
hian Principalities, 7 per Cent —
r
Do 8 per Cent., 1867 ..............
c., d
11-,-4 ?'" Nevf Consolidated, 1 per Cent
Zrt'an, 7 per C0nt..... ...................
. 0 Secood Issue
L 0 Xout Bonds
4100 Bonds --
........................