The Sun.
London, England, 1869-04-02 00:00:00

ONEY MARKET

AND
COM ME R CIAL INTELLIGENCE.

CITY, Two O'CLOCK.
Business to-day was inactive, yet prices were
maintained in almost every security of importance.
The increase in the minimum rate of discount has
given rise to a fair demand for money to meet
the engagements on the 4th instant ; but
bills of first class, for short period:l, are
taken a shade under the bank rate. In the mis-
cellaneous market prices remain almost stationary
and in banking shares the changes were only
trifling, but in favour of the London and Westmin-
ster and Loudon an'l County. The Albion and
South Western have not recovered the fall they
experienced of £1 yetterday.
Consols are 92:1 I. for money; ditto, for Ac-
count, 92 ; Three per Cent. Reduced, 91i
New Tree per Cents, 91f i; Exchequer Bills
£l,OOO, par; Bank of England Stock, 4 per Cent.,
shut.

India Stock, 10} per Cent., April, 1874, —;
ditto 5 per Cent., July, 1880, 112# a ; ditto 4 per
Cent., Oct., 1888, ; ditto Enfaced Paper, 5 per
Cent., Jan., 1872, 1048.
In the foreign market a fall of I has taken
place in Italian Five per Cents., which are now
548 54#, and 404 41. Mexican Bonds remain
at 15 151 ; Greek, 11i 12 ; New Spanish Three per
Cents. at 308 31i ; and Honduras Railway Loan
at 83 85 ex coupon.
The Danubian Commission Guaranteed Loan is
1 prem.
The Mortgage Debentures of the Trouville Asso-
ciation is 1, 1 prem.
In the Railway Market Great Westerns are

better, and Metropolitan 1, Brighton 1, and North
Western 1. Great Northern are 1 lower, ditto A
and North 1. Prices are as follow :—Caledonian,
791 80 ; Great Western, 49} II; Great Eastern;
36/ 374; Great Northern, 107 8 ; ditto A, 1081
1 ; Lancashire, 1224 223 ; Metropolitan, 1014 4 ;
ditto Extension, 991 1001 ; Midland, 1161 2 ;
Sheffield, 55 4 ; Brighton, 481 4 ; North British,
35 1 ; North Western, 115 1151 ; North Eastern
(Berwick), 102 1 ; South Eastern, 75 754 ; and
London, Chatham, and Dover, 151 161.
In American Securities there has been a fall of 1
in the 1855 Bonds, to 811 811. The Five-Twenties
remain unaltered, at 831 831, and Ten-Forty
Bonds at 734 734. Illinois Central Railway stock
has recovered 4, to 961 97, and Eries remain at
24 24j.

Atlantic Telegraph Original Stock is 26 27, the
Eight ;per Cent. Preference Shares at 3i 34, and
Anglo-American Telegraph Shares 22i 22g.
A further sum of £82,000 in American eagles
was withdrawn from the Bank yesterday for trans-
mission to New York.

The Tycho Brahe sailed from Liverpool to-day,
ani took £25,600 for Brazil.
The City of Limerick, from Brazil, has brought
£15,000, and the Oneida is telegraphed at Lisbon
with £8,475.

The Joint-Stock and other banks have advanced
their rate for deposits from 2 per cent. to 3 per
cent., and the various discount establishments now
allow 3 per cent. for money at call, 31 for deposits
at seven days' notice, and 3? for 14 days' notice.
It is stated that the arrangements have been com-
pleted for the introduction here of a new Portuguese
Loan, and that the issue may be shortly expected
should the conditions of the Money Market prove
favourable.

The directors of the Oriental Bank have resolved
to recommend a dividend of 6 per cent. for the half-
year ending the 31st inst.
At a meeting of the proprietors of the Bank
of Scotland, held in Edinburgh, a dividend at the
rate of 11 per cent. per annum, and a bonus of 1
per cent., less income-tax, were declared for the
past half-year.

Annexed is a itelegram received by the Don
Pedro (Brazilian) Gold Company :
" Produce cleaned, Ist of March, 15,819 oitavas ; esti-
mated for February, 18,000 oitavas."
A telegram front Holland states that the annual
spring sale of Banca tin was held yesterday in Am-
sterdam, Where the total quantity offered was all
sold at 82i guilders, equal to £l4l deliverei in
London ; all orders being curtailed 3u per cant.
The directors of the Oriental Batik intend to pro-
pose, at the meeting on the 22d ins;., a dii i lend of
6 per cent. fur the half-year ended the 31st of De-
cember.

The London, Chatham, and Dover Railway
traffic return, including the Metropolitan Exten-
sion and branches, shows this week an increase of
£3,865 over last year ; the Metropolitan Extension,
separately, an increase of £1,135 ; the L tncashire
and Yorkshire, an increase of £4,965 ; the Man-
chester, Sheffield, and Lincolnshire, an increase of
£3,099 ; and the North Eastern, an increase of
£7,555.

Under the arrangement newly announced the
dividends will be payable at the Bank of England
on Tuesday the 6th inst. Under the old practice
they would not have been payable until Thursday,
the Bth.

An instalment of 15 per cent. fell due yesterday
on the Charkow-lirementschug Railway loan for
81,716,000, issued last November. The final in-
stalment of 20 per cent., making 80 paid, is pay-
able on the 10th of May.
Messrs. Speyer Brothers have given notice that
the £500,000 of Pennsylvania Railway short bonds,
due the 2d of April, are now being paid off.
The return from the Bank of England for the
week ended the 31st of March gives the following
results when compared with the previous week :
Rest
Pane deposits
Other deposits 17,479,293 ... Increase'... 445,842
On tha other side of the account :
Government securi-
ties £14,999,053 ... Increase 1,000,000
Other securities 20,130,810 ...Increase 1,006,326
Notes unemployed 7,862,295 ...-Decrease ... 1,119,880
The amount of notes in circulation is £23,611,525,
being an increase of £675,100 ; and the stock o
bullion in both departments is £17,573,023, showing
a decrease of £462,202 when compared with the
preceding return,

Subjoined is a comparison of the present position
of the Bank of England and the prices of Consols
and French Renter with the corresponding week of
last year :

Same Week
At Present.
last Year.
Bullion ............... £17,573,023 £21,104,112
_Reserve .................. 8,961,498 11,936,307
Notes in circulation... 23,611,525 21,167,805
Rate of discount ...... 4 per cent. 2 per cent.
Consols ............. 92i
93i
French R0ute5.........
70f. 12c.
69f. 42c.

NIITISIL FUNDS,—TWO O'CLOOIK
GOVERNMENT FUNDS.
3 per Cent. Consols
Ditto for Account,
91 1 921 -I.
. 1
3 per Cent. Reduced
New •-i per Cent •
New 2i per Cent. Jan. 1894
Do. 5 per Oen J 9.12.1873
Annuities, So yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 —
Do (Red Sea Telet,,ruph), Aug., 1908 —
Exchcqwzr Bills, £l,OOO, 21 per Ct.
Do
.£5OO
Do. £lOO St £2OO —
Bank of England Stock, 4 per Cent Shut
Da." opening —
Canada 4 per Cent. Bonds — Inter-Colonial Otnnium
INDIAN dOVERNMENT (SECURITIES
India Mock, 101 per Cent., April 1874 —
Do.
Opening, for Account Do. 5 per Cent. July, 1880
Do. 4 per Cent., Oct. 1888
Do. Certificates
Do. Enfaced Papc, 4 per Cent..,;
Do. 5 per Cert., Jan. 1872 ,. 101:
Do. 5. per Cent. May 1879
D.) 5 per Cent., Rup. Deb. 1872 —
Do do 1877 —
1)0. do. 1882 —
D0.D... eb., 5r Cont., Aug. 1873 ~ -
Argentine—
Do. under .£l.000 S—TWO O'CLOCK.
Itepublic, t; per Cent ...
Do., Scrip A. 45 paid .. .. .
Auitrian Bonds 5 per cent ...
1859 •
Brazilian 5 per Cent
Do. 41 per Cent. 1852 ....................• .
Do. do. 1858....
Do, do. 186 I, ........ ::•• D -
Do. do., 1863 .....
Do. 5 per Cent., 1865 ....................
Do Account ........ ..., ..................... ... 80 i
Buenos Ayres 6 per Cont. ...... ......... 91}
Do 2 per Cent. (Deferred 3 per 0 )nt.) Cubs, 6 per Cent.