The Sun.
London, England, 1869-04-16 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
Consols are 93i 3 for money; ditto, for Ac-
count, 93/ ;
Three per Cent. Reduced, 911 ;
New Three per Cents, 911 a ; Exchequer Bills
£1)000, 6 prem. ; ditto £lOO, £2OO, and £5OO,
3 prem. ; Bank of England Stock, 4 per Cent,
241 391.
India Stock, 101 per Cent., April, 1874, —;
ditto 5 per Cent., July, 1880, 114 13i ; ditto 4 per
Cent., Oct., 1888, 1008 ; ditto Bonds £l,OOO,
10 ; ditto under £l,OOO, 10 prem.
In the Foreign Market Italian, Mexican, and
Turkish Five per Cents. have declined i-• Tce
quotations are follows : —Greek, 11l 12 ; Mexican,
141 Italian Five per Cents., 551 1; New Spanish
Three per Cents., 30+ ; Turkish Five per Cents.,
401 a; Russian Carkoff Loan, 77 ; and Honduras
.Railway Loan, 82 83. The new Guatemala Loan
is quoted 1 01 dis.
The Danubian Commission Guaranteed Loan is
it, 1 prem.

In the Railway Market Caledonians and
Great Ersterns are lower ; Great Northern, 1 ;
ditto A ; Lancashire, 1 ; Metropolitan, ;
Midland, 1; Sheffield, 1 ; South Eastern, 1
—all lower. The prices are as follows :—Cale-
donian, 78} 9 ; Great Western, 491 50 ;
Great Eastern, 391 8 ; Great Northern, 107 k ;
ditto A, 108/ 9 ; Lancashire, 123 1 ; Metropolitan,
103 1,-; ditto Extension, 101 2 ; Midland, 1161 I ;
Sheffield, 561 7 ; Brighton, 48 1 ; North British,
35 ; North Western, 1151. 16 ; North Eastern,
1024 31 ; South Eastern, 761 71 ; Chatham and
Dover, 17 1.
American 5-20 Bonds are marked 811 811 ex
coupon ; the 1885 Bonds 701 701 ex coupon. The
Ten-Forty Bonds are 731 to 74, Erie Railway
shares remain at 93/ 24, and Illinois Centrals un-
changed at 96k 97.
Atlantic Telegraph Original stock is 25 26 ;
the Eight per Cent. Preference shares remain at
31 31, and Anglo-American Telegraph shares at
22i 224.

No transactions in bullion took place at the bank
yesterday.
The arrangement of the half-monthly account
passed off in a satisfactory manner, although late
in the day there was a general scarcity of money.
A remarkable feature was the amount of stock
which changed hands, although business during
the last fortnight has been said to be of such an in-
significant character. It is believed that the most
part arranged was of a speculative kind, and that
the easiness of rates for money has enabled stock
to be temporarily placed.
The committee on the London, Chatham, and
Dover Bill has been again adjourned till Tuesday
next. There is reason to apprehend that although
among the 17 firms of solicitors engaged in the
affair something like a unanimous desire is now
professed to secure a general arrangement, this, as
regards a few of the number, merely springs from a
sense of the public odium likely to be incurred by
any one who might openly appear to be actuated by
professional greed.
The return from the Bank of England for the
week ended the 14th of April gives the following
results when compared with the previous week :
Rest
Palle deposits
Other deposits 18,111,561 ... Decrease ... 691,688
On the other side of the account :
Government securi-

ties £15,020,798 ... Increase ... 50,000
Other securities 37,369,894,:... Decrease ... 1,110,759
Notes unemployed 7,102,020 Decrease 162,760
The amount of notes in circulation is £23,787,985,
being a decrease of £186,645 ; and the stock of
bullion in both departments is £16,968,722, showing
a► decrease of £256,383 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 Rentes with the corresponding week of
last year :

At Present. Same Week
last Year.
Bullion
Reserve
Notes in circulation 23,787,985 ... 21,464,095
Rate of discount
Consols
French Routes
The following is the official return of the cheques
and bills cleared in the Bankern' Clearing-house for
the week ending Wednesday, April 14 :
Thursday, April 8 £12,339,000

. ,
Friday, April 9
Saturday, April 10
Monday, April 12
Tuesday, April 13
Wednesday, April 14 8,876,000

£65,027,000
We are informed that the whole length (3,600
miles) of insulated wire or core for the French
Atlantic Telegraph Company's cables, to be laid in
the ensuing summer between Brest, St. Pierre, and
the United States, was completed yesterday, at the
Telegraph Construction and Maintenance Com-
pany's works.

A consignment of 10,500 tins of mutton, pre
pared by the Melbourne Meat Preserving Cora•
pany, arrived in the ship Red Jacket, from Mel
bourne.

Do.
Do.
Do.
Do.
Do.

A prospectus of a Dutch Railway Loan for Java
has been issued in Amsterdam. The nominal
amount is 11,000,000f1., in bonds of I,ooofl. or
500f1., bearing 41 per cent. interest, and the sub-
scription price is 95 per cent. The total is reim-
bursable at par in 35 years by annual drawings,
and both interest and principal are guaranteed by
the Dutch Government. The subscriptions are to
be received to-morrow (Friday), Saturday, and
Monday, in Amsterdam, Brussels, and Antwerp.
A dividend of 2s. in the pound is announced for
the creditors of the National Provincial Marine In-
surance Company.
It is stated that great surprise is felt in Prussian
commercial circles at the postponement of the pro-
posed reduction in the rate of postage between
Prussia and England. Prussia has not only esta-
blished a penny post for the whole of Germany and
Austria, but recently concluded postal treaties with
the United States, Italy, Sweden, and Holland, to
which countries letters can now be forwarded at
very moderate rates. The postage for letters from
Prussia to England, however, still remains at the
high rate of 6d. (or 5 groschen) the }oz., if sent
via Ostend, an exception existing in favour of
letters sent to England from towns in the Rhenish
Prussian provinces, which letters, if directed via
Calais, and weighing /oz., are only charged 3i
groschen (4d.) The anomaly is also complained
of that a letter (*oz.) sent via Calais from Cologne
to London costs 31 groschen (about 4d.), while
a letter of the same weight (;oz.) despatched from
Loudon via Calais to Cologne is charged in Eng_
land 6d.
The Neue Freie Press states that the conversion
of the Austrian National Debt into the new

Rentes is proceeding with unexpected rapidity,
and that it is calculated the total conversion will
be completed within four months. ' The Govern-
ment estimate that after a given time they will
duly pay the coupons of the new Rentes.
The adjourned meeting of the Van Diemen's
Land Company is to be held on the 22d inst.
The fifth ordinary general meeting of the Austra-
lian Mortgage, Land, and Finance Company
(Limited), will be held on the 28th inst.

BRITISH FUNDS-TWO O'CLOCK.

GOVERNMENT I-UNDS.
3 per Cent. Consols
Ditto for Account,
8 per Cent. Reduce.d lilt i
New 3 per (lent
New 21 per Cent. Jan. 1894
Do. 5 per Can J 931.1873
Annuities, So yrs, expire sth Jiin., lhbe
Do. for 30 yrs, expire sth April 18,Lii., --
Do (Cad Sea Telo6raph), Aug., 1:,108 —
Exeheqw.tr BillB' .E 1,009, 21 per Ct.
Do £5OO
Do. £lOO & .£2OO 3
Bank of England Stock,',4l per Cent
De. opening .................................
Canada 4 per Cent. 8anda.....,
Inter-Colonial ()mantra ....................
INDIAN GOVERNMENT SECURITIEs
India $ cock, 104 per Cent., April 1874 —
Do. Opening, for Account
1)o. 45 per Cont. July, 1880 ,

4 per Cent., Oct. 1888
Certificates

Eufaced Pape, 4 p©r CAnt..,,. —
5 per Ceet., Jan. 1872
54 per Cent. May 1879 .
5 per Cont., Itup. Dob. 1872

. _
Do do 1877 —
Do, do. 1882 —
D;;. Dob., 5 per Cent., Aug. 1873
Do. Bonds, 4 per Cent., £l,OOO
Do. under £l,OOO

FOREIGN FUNDS—TWO O'CLOCK.
Argentine Republic, 6 per Cent —
Do., Scrip £45 paid ..
A.uitrian Bonds 5 per cent ..
Do. 1850 66
Brazilian 5 per Cent —
00. 1i per Cent. 1852 —
Do. do. 13i8 —
Do. do. 186 ,
Do. do., 1863 —
Do. 5 per Cent., 1865
Do Account BOl i
B .enos Ayres 6 per Cent.
DJ 2 per Cent. (Deferred 3 per Cont —
Cn`)a, 6 per Cent.
0,11 an 6 per Cent -,

i)e„ 43/4 per Cent...,
Do. 3 per Cent.,
10. 6 per co-t. 1867..
Po. i per Cent., 1866
C lo Tun, 6 per Cent.
Dan an 3 p.o.
............
Dan ,t bin Principalities, 7 ler Cent
Do 8 per Cent., 1867
U7qualor New Consolidated, 1 per Cent
11:,,yi*.ian, 7 per Cent..„.

86

1Z; Seti•wid Issue

--
Do. _Gut, Bonds • —
Do. .£lOO Bonds • • •••
Do. 1864 —
Do. Account
Do. £5OO Bonds
Do. _Li OC Bonds B7l
English Scrip, 1868 764 I I
Do do. :£45 pd — dis
Government Railway Debentures ....•
Greek 5 per Cent., 1824 5, ex Coups —
110. Aeccunt .
Do. Coupons
Do. Account
guatemala 5 per Cent • . —
Honduras Gov Rail. Loan., 10 p. Ct., all pd
lt,) den 5 per Cent., 1865 —
)o. Account . B3
Do 113trommana Railway —
..iexicar. 3 per Cent —
Ditto for Account
Do. _ 1864 —
Do a per Cent. Anglo-French ,
doateN ideal: 6 per Gent. • • —
M o orish Imperial 5 per Cent -
New Granada —
Do 3 per Cen —
Do. Deferred
Peruvian 5 per Cent. 1865
Do Account .. 79 8} /

Do 41 per Cent. (Di:harren)
Do 41 per Cent., 1862 -. —
Do Account .Portnguese 3 per Ct., 1853, '6, 7,'9,'60,''2.'3.
Do. do. 1867 —
Do. do. Scrip, £2O paid paid
Russian 5 eor Cent, 1822, £ &
Do 41 per Cent . 1850
Do 41 per Cent., 1860
Do 3 per Cent., 1859
Do 5 per Cent, 1862
Do. Anglo-Dutcb, 1864, £lOO BondF —
Do. do. £B4 15s. do —
Do., 1866, £lOO Bonds 9Ol
Do. d 3 £B4 15s. do —
Do Nicolas Railway 651
Sardinian 5 per Cent —
Spanish 3 per Cen .
Do. Account
Do. 1867
Do. Account
Do. Now Deferral .......................
Do. Account
Do. Passive
Do. Com. Cort. of Coup. not funded ...

-- - - 3Ol i

Do. Account
Swedish Provincial Mortgage Loan
Do Government, 1864
Do do, 1868
Do do, Scrip
Turkish 6 per Cent.
Do Account
Do 6 per Cent. 1858
Do Account
Do £lOO Bonds

Do 6 per Cent., 1862
Do Account
Do .£IOC Bonds
Do 5 per Cent. 1865
Do Account
Do 6 per Cent., 1863 66 51-
Do 1 per Cent., Guaranteed
Do Land Warrants (ltectares)
Venezuela 3 per Cent.
Do. Acciuut
Du 6 per Cent., 1862
Do 6 per Cent. 1864
Dividends on the above payable in London.
Austnan o per Cent. Ex 10 Florins
Belgian, 44 per cent., Ex. 25f.
Dutch it per Cent. Ex. 12 Guil„
Do. 4 per Cent. Certificates ....
.
Do. Account
French Routes, 3 per Cent., Ex. 25f.
Italian 5 per Cent. 1831, Ez. 25f.
Do Account

TWO O'CLOCK.
,on sols, Money 93 I
Do. Account, May 6

.3111. LAURENCE OLIPHANT.

-s

A New York correspondent of the Scotsman
writes :—"
in the western
from the little village of Brocton,
o
Here comes a queer story, all the way
part of this State, about a religious scholastic
of2oO persons,
y a
ntil r n
amongl ‘‘hom
member are A
hre.
Laurence Oliphant,
British Parliament for Stirling,' and his charming
wife. The community in question owes 1,000
recentlyti
acres of " fine farming and grape-growing
land,' near Lake Erie, and was established two
years ago by Mr. T. L. Harris, formerly secre-
tary of the United States Legation in Japan. He
purchased several farms, and put things in order,
and then gathered together a colony of 25 families,
who were agreed that the old apostolic plan was
best, where the multitude who believed were of one
heart and of one soul, and had all things in com-
mon'---except their wives and children. In the Harris
community, it is said, things are very lovely.
The association is formed upon the principle of
spiritual affinity, upon which principle communities
exist in Heaven ;' and the cultivation of the laud is
held subordinate to this idea,' so that more is
thought of a holy life and conversation' than a well
ploughed field or a carefully tended crop. Never-
theless, the main chance is looked after, and not
only are former social distinctions merged into one
common brotherhood, but every man takes his
shovel and his hoe, his sickle and pruning hook, and
works with a will.' The result is that a' little para-
dise is springing up in their minds ;' and for this
Eden ' Mr. Laurence Oliphant, until recently a
member,' &c. has exchanged the best club in Lon-
don. It seems that during Mr. Harris's residence
in Japan, Mr. Oliphant was also there as a secre-

-7- -
tary to the British Legation ; and that the American
diplomatist converted the Englishman, so that,
when the community was established, he hastened
to cast in his lot with it. He was, at the
time, a member of the house ; and if the story
from which I am quoting is entirely correct,
' his sudden departure and voluntary exile created
a great sensation in England.' The bereaved con-
stituency of Stirling, it is added, were so unwilling
to lose his services, that, even after he had taken
up his abode iu the community, he received letters
from them, to the effect that ' he was still looked
upon as their member;' but ' he quietly wrote out
his resignation as English legislator, and for-
warded it to London.' Although ' all social dis-
tinctions' in the community are abolished, still it
appears that some special honour is paid to the ex-
English legislator,' since he is not only the cashier
and business agent of the community,' but close
by the bluff of the lake an elegant cottage has
been erected for the residence of Mr. Oliphant and
his family,'
in which abode everything is plain,
neat, and beautiful, without affectation, and indi-
cates the controlling hand of the Christian English
lady. Perhaps you do not care to know that in
personal appearance and stature Mr. Oliphant is
tall and slender, but withal of commanding figure,
large forehead, and expressive blue eyes ;' but you
cannot be wholly indifferent to the fact that Mrs.
Oliphant is a very charming woman, full of grace
and politeness, and that, like her husband,' she
dresses plainly but neatly.,