The Sun.
London, England, 1869-07-05 00:00:00

ONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.
Consols rose to-cloy, at 93 s2l for money ;
ditto, for Ac_:ount, 93 ; Three per Cent. Re-
duced, 93 3 ; New Three per Cents, 93 1 21.
India Stock, 102 per Cent., April, 1874, shut ;
ditto 5 per Cent., July, 1880, 1111; ditto 4 per
Cent., Oct., 1888, 1001 I 1; ditto Enfaced Paper,
5.t- per Jent., 1101 ; ditto Bonds £l,OOO, 12 prem.;
ditto Bonds under £l,OOO, 9 prem.
In the Foreign Stocks there is a rise of 1 in
Turkish Five per Cents., at 45 to 451 ; ditto Six
ler Cent., 651 to 661 ; Charkof, at 79 to 793 ;
Orel, at 801 to 81 ; Argentine, 781 to 79 ; and
in Peruvian, 761 to 771 ; Egyptian (1868), 791
to 80 ; Fgyptian (1864), 89 to 90 ; Spanish, 281
to
.281 ; Brazilian, 831 to 834 ; Danubian Eight
per Cents., 871 to 881.
United States Five-Twenty Bonds are 1 higher,
at 841 to 811 ; Illinois are also 1 better, at 95 to
96 ; while Erie Shares are f lower, al9l to 191.
In the Railway Market a general advance of
about 1 per cent. has taken place upon Saturday's
rise. The following are the prices :—Caledonian,
791 to 791 ; Great Eastern, 39 to 39; ; Great
Northern, 107 to 108 ; Great Northern (A), 107 to
108 ; Great Western, 501 to 51 ; Lancashire and
Yorkshire, 125 to 126 ; London and Brighton, 443
to 45 ; London, Chatham, and Dover, 11 to 171 ;
London and North Western, 119 to 119+ ; London
and South Western, 89 to 91 ; Metropolitan, 971 to
974 ; Midland, 1171 to 118 ; North Eastern
(Berwick), 106 to 1063 ; and South Eastern, 78
to 781.
Miscellaneous Securities are quiet,and prices show
no natural alteration. Anglo-American Telegraph
is firm at 203 to 201 ; General Credit is steady, at
13 to 11 dis.; International Finance, 21 to 1+ dis.
ex div.; National Discount, 111 to 111; and Hudson's
Bay, 121 to 13.
The dealings in Bank Shares are not very ac-
tive, but prices continue well supported. Agra (A)
is quoted at 101- to 11 ; Alliance, 131 to 143; Anglo-
Austrian, 16 to 18 prem., ex div. ; London and
WeAmiuster, 611 to 621.; Oriental, 4 L to 42 ; Lon-
don Joint Stock, 311 to 321 ; and Union of Lon-
don, 373 to 383.
English wheat being in very short supply, no fur-
ther decline is quoted.
The sum of £22,000 in gold was taken to the
Bank on Saturday, including 10,000 sovereigns from
South America.

The Californian gold bars which a few days ago
arrived at Southampton by the steamers Donau
and Bremen came to New York by the Pacific
Railroad. They were delivered in London within
20 days from the time of their despatch from San
Francisco.

The confidence generally entertained in the gra-
dual consolidation of a steady Government in Spain
continues to be strengthened by the prospects of the
harvest in that country. The accounts from all
parts seem favourable.

The most rapid redistribution of races ever wit-
nessed seems likely to occur during the present
generation in the influx of Eastern people to the
We,tern States of America on the Pacific. Daring
the year 1866 the arrivals in California from China
and Japan were 2,300, in 1867 they were 3,300,
and in 1.868 they were more than 10,000, while this
year they are expected to exceed any previous total.
An association of leading politicians has been formed
to encourage the immigration, and it is proposed to
introduce these people also into the Eastern section
of the United States, a house in Chicago having,
according to report, sent out an agent to China
to contract for 50,000 to work the. Southern plan-
tations. It is the completion of the Pacific Rail-
road that affords facilties for these plans, and an
idea appears to be entertained that " during the
next three years the increase of Chinese population
will be limited only to the means of transporta-
tion." Their value as labourers is becoming greatly
appreciated, and instead of persecuting them the
disposition is now to meet their views and afford
them protection. They are supposed to hoard
their sped and it is anticipated •' to get
up a savings bank which wi l secure their
confidence." The importation of Chinese women
is attended to, and 1,250 were lauded in San Fran-
cisco on the 20th of last mouth. With regard to
the relative conduct of Chinese and Irish or Ame-
rican labourers, the Sacramento Union contrasts the
mode in which the portion of the Pacific Railroad
on the California end, where Chinese were chiefly
emplyed, was constructed with that which distin-
guished the other parts. That paper says :—" We
believe it is now generally conceded that the work
on the California end of the Pacific Railroad has
been conducted with far more regularity and good
order, if not dispatch, than on the Union Pacific.
The feat of laying down ten miles of rail in one
day last week astonished the Union Pacific mana-
gers. It is also a fact that the labourers on this
end have been much better behaved and disciplined
than on the other end of the road. We do not re-
call to mind a single death by wanton violence on
the line of the Central Pacific during the past year,
while hardly a day has passed at the other end of
the road without some murder or other atrocity.
We think a great deal of this good order and absence
of violence is fairly attributable to the naturaldocility
of the Chinese race, who have composed a great
part of the force on the Central Pacific. Doubtless
much of it is due to the rule which excluded ardent
spirits ; but not all. The Chinese have honestly
won a compliment for good order, sobriety, and
good work, which ought to shame those white
ruffians who are in the habit of traducing their
morals at the same time they are murdering each
other."

A report is current that an important decision
has been come to between the British and Portu,•
guese Governments bearing on the wine duties and
the general tariff question.

The suspension has been announced of Messrs.
George Smith and Sons, of Preston, cotton spinners
and manufacturers. As the house had been esta-
blished in Lancashire nearly half a century, and
enjoyed fair credit, the liabilities are supposed to
be large. They employed about 200 operatives,
while the firms of Messrs. R. and W. Jackson and
Air. Bourne, which have also stopped, employed
about 300 each, making a total of 800 thrown out
of employment.
The suspension has been announced of Messrs.
Buck and Watkin, engineers and toolmakers, of
Halifax. The liabilities are stated at £10,431,
with assets for £9,725, and it is expected the estate
will realize over 18s. in the pound.

BRITISII FUNDS—TWO O'CLOCK.
~ UOVEUNMENT FUNDS.
6 per Cent. Consols
. -Ditto for Account, July 7
„,"' PQr Cent. Reduced 931 3
.„'New 3 per Cent
NDo2} per Cent. Jan. 1894
Do. 6 per Cen J an. 187 3
Annuities, 30 yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 --
Do (Red Sea Teleh,raph), Aug., 1908 —
4(iliequu Bills, £l,OOO, 21p. Ut. March Pn
Do. 3 do. June
Do £lOO, £2OO St .£5OO —
%.0k of England Stock, 41 per Cent
r, De. opening
'anada 4 per Cent. Bonds —
In Oinniutu
, INDIAN UOVERNMENT BECURITIES
4ndia Stock, 101 per Cent., April 1874 —
Do. Openiu, for Account —
Do. 5 per Cent. July, 1880
Do. 4 per Cent., Oct. 1888
DO. Certificates —
„Do. Enfaced rape. 4 per Cent..,„.—
-uo. 5 per Cent., Jan. 1872 ,
..... —
DO. 5i per Cent. May 1879 llOl
D-.) 5 per Cent., Rup. Deb. 1872 —
-'..)0 do 1877 —
Do. do. 188'
-0.4. Deb., 5 por Cont., Aug. 1873 ~ —
Do. Bonds, 4 per Cent., £l,OOO
Do. under .£l.000

FOREIGN FUNDS— TWO O'CLOCK.
._
Argentine Republic, 6 per Cent ...... 79 8
A.tiltrian Bonds ii per cent ...,„ —
o. 1
traziliatiD 5 per ContBs9 —
Do. q per Cent. 1852 —
pc, do 1858....

;Jo. uu. 1860 •
,1-Jo. do., ..
186? 691
.),°- 5 per Cent., 1865
Do AecoulA
13 -
.enos Ayres 6 per Cent.
Do 2 per Cent. (Deferred 3 per Cent —