The Sun.
London, England, 1859-04-21 00:00:00

CITY, Two o'CLocic

THE NEW INDIAN LOAN.
This being the day appointed for opening the
tenders for the new
.Indian loan there was a
numerous attendance at the East India House.
Alany influential capitalists, stock dealers, and
brokers were present, but the authorities having
determined to adjudicate the tenders in committee,
the result was not made known until nearly two
o'clock. It was then announced that 95 was the
reserved price. All tenders below that quotation
were rejected, and the amount taken at and above
95 was £5,064,000. The highest tender was at
96, but 95 was the price at which most of the offers'
were made.
The general inquiry for discount accommodation
continues tolerably active, and full rates are freely
paid for the negotiation of commercial paper.
Numerous subscriptions have been made towards
the new Indian loan, which will be allotted to-
day, and these have no doubt stimulated the
general inquiry, although the appearance of the
market is as quiescent as before. Should political
affairs speedily settle down into a more favourable
position, enterprise of all descriptions will naturally
be promoted, and higher rates of discount might
then be predicted, at an early date. As it is, the
tendency is in that direction, owing to the gradual
recovery of trade, and the capital absorbed in loans
and other joint-stock operations.
The half-yearly interest on the Equador New
Consolidated Stock becomes due on the Ist May.
About £68,000 in gold was withdrawn fromothe
Bank of England yesterday.
The Liverpool Cotton Market, yesterday, closed
with more animation, and previous rates were fully
supported. The sales were estimated at 6,000 bales.
In Railway Shares a fair amount of business was
transacted, and quotations generally improved.
There has been rather less firmness to-day in
the market for Public Securities, but the decline
has not been very important, viz., about 1 per
cent. Speculation is rather dull, but the recent
advance has led to a few sales, which, as
usual, have produced a reactionary movement.
Consols opened at 951 for money and account, and
they have since touched 951; but the latest quota-
tion is 94i 95, being very heavy. The New Threes
are steady at 93H and 94k e ; and the Reduced at
932 and 941 1. Bank Stock is firmer at 223 to 224;
and India Stock at 2201 to 222; but the Loan
Debentures declined to 961 1. Exchequer Bills
are marked to 365. prem.
Business foreign Securities is moderately ac-
tive, and previous rates, in most instances, are fully
supported. Turkish 6 per Cents, are 861 to 861 ;
ditto New Loan, 761 to 77 ; and the 4 per Cents.
have improved to 1021 1 ; Brazilian 41 per Cents.
to 941 4; Venezuelan 5 per Cents, to 421 and 421,
and ditto Deferred,' 171 to 18 ; Spanish 3 per Cents.
are flat at 44; Sardinian at 77, and Chilian 6 per
Cents, are steady at 102.
The last week's railway receipts, ascertained up
to this day, are in round figures as under :-
Great
1859. 1858,
Western
North-Western
South-Western
Brighton
12,792 .14,180
Midland
South-Eastern
33,862 28,347
.
Great Northern
Lancashire and Yorkshire
Bristol and Exeter 6,027 5,771
North-Eastern
33,967 32,323
East Lancashire
........ 0,523 5,759
Lancaster and Carlisle
Manchester, Sheffield, and Lincoln. 10,715 8,877
North British......
Oxford, Worcester, and Wolverhampton 4,310 4,,054
Edinburgh and Glasgow 5,965 5,508
Glasgow and South-Western ~6,852 6,515
Grand Trunk of Canada
South Austrian and. Lombardo-Venetian 51,178 28,577
The above returns still show an improving ten-
dency in most instances. , The competition between
the Brighton and the South Western Companies,
however, is telling upon the traffic of the former
line, there being a decrease of £1,388, and in the
South Eastern of £217. Great Westerns show an
increase of .£495 ; North Westerns, £3,748 ;
South Westerns, £377 ; Midlands, £5,515 ; 9
Great Northerns, £1,110; Lancashire and
Yorkshire, £2,133 ; North Eastern, £1,644 ; si
Manchester, Sheffield, and Lincoln, £1,838; Edin- st
burgh and Glasgow, £457 ; Grand Trunk of it
Canada, £264, and South Austrian and Lombardo-
Venetian, £22,601. Great Western of Canada show s
a decline of £3,396.

The dealings in the Railway Share Market have
been very limite'd, a decline of about 1 to 2 per
cent, being apparent in most of the principal
undertakings, notwithstanding the favourable
character of the traffic returns. Great Northern,
Great Western, Brighton, South Western, and
North Eastern (Berwick), have receded ss.
Caledonian, Manchester, Sheffield, and Lincoln,
and South Eastern 10s. Midland 155., and
Lancashire and Yorkshire £l.
The Foreign lines show some depression.
Old Lombardo-Venetian shares are 84 9; and the
New at 89 81. Great Luxembourg declined to 61.
In the Colonial Market Grand Trunk of Canada
have receded 10s. to 15s. ; Great Western of
Canada, 10s. ; and East Indian, ss. to 10s.
Joint Stock Bank and Miscellaneous Shares
have been dealt in to a very limited extent. Bank
of Australasia have improved £1; Union of
Australia, 5%; and Scottish Australian Investment,
£1 10s.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK
Bank Stock
3 per Cent. Reduced Annuities 94 i 4 4
3 Per Cent. Consols Annuities
11., °lv 3 per Cent. Annuities
I ndia Stock
Ditto Debentures 1
Ditto Bonds, 11,000
Ditto under £l,OOO
Consols for Account (May 5)
rxch Marc9hs.a I ne.
e9ll_er Bills Z 1 000 2d. & 11d.. 33 6 I J'—
Ditto
I_,loo Bills, £l,OOO,
2
Ditto. 8..,,,--"33 6
lid.
BeanOF FOREIGN FUNDS AT ONE O'CLOCK,
5 per Cent.
Ditto 1858, 44. per CeuL 94/ Chilian, 6 per Cent. . .
Sardinian, 5 per Cent. *****
Ditto Account *******************
Spanish 3 per Ceni. ********************* 77
" '
Ditto Account .„..: ********* • ******
Turkish 6 per Cent.... ******************************* tli i 6/
Ditto New loan
Ditto Account ............
Ditto Guaranteed, 4 per Cent.
~Ditto Account
v enezurjan 5 per Cent.
DitteAccount
Ditto Deferred 2 per Cent
French R rates, 41 per Cent. ends on the above
Ex. paya
25f ble in London.
_
Ditto 3 per Cent. Ex. 25f.
TWO O'CLOCK.
/
• Consols, Money 94 5
Consols for Account (May 5) .. •• 94 5

Is THE BILLETING OF SOLDIERS. —Remonstrances
Licensed been made as to the great injustice mulcted. on
Licensed victuallers and publicans by the. small allowance
has
on account of the billeting of soldiers, General Peel
..as issued an order raising the allowance under this head
.`rolii lid. a-day to 4d. a-day for each soldier.
ice has
.13 CANADA.—MONTREAL, April 4.—The
hi:ll;ft 111), and the river is clear down to Sorel, wher_eeit.vslicll.
t The completion of the great centre tube of th
~°1•114-bridge was a touch-and-go affair, but it has been accom-
innihed, and now this great engineering work, on which the
haccess of the Provincial Grand Trunk Railway mainly de-_
Ilends, may be considered to be secured. The weekly lin, of
tail steamers will commence from the 20th inst., bringing
rout and Chicago within 12 days. By the Canadian
vate overland from Quebec, the distance is 3,694 miles,
to Baby by New York it is 4,170. By water from Chicago
(1111,,,araia and Collingwood, and thence by railway to
1,1;"; is 1,091 miles, making a total of 4,104 miles to
klciel)ool by water and rail, while by water to New York
falti l'imerpool the distance is 4,650 miles. If British
thePc'wners Possessed the same energy as the Americans
ittle;vould soon secure the carrying trade of the west,
Nit lived it to Quebec from New York ; the latter
the has been created by the commerce of the west since
are'Peiling of the Erie Canal. The Canadian Government
'l,cm• seeking to regain the trade by means of their
(.4C'lde railway system in connection with the ports of
Lakeon and Portland, and those of Sarnia and Collingwood
400 Huron, as the nearest, cheapest, and mostrexpedi-
q route to the great and flourishing States of the West,
Ponulation of 10,000,000.
As
.111 j • --LORPHY, THE RENOWNED CHESS PLAYER.—
Parla Rentlernan arrived in London a few days ago, from
Poo!' en route for his native city, New Orleans, via Liver-
eor,44,9n Tue. sday week. he played at the London Club,
clod'
", and in the evening at Herr Lowenthal's new chess
lired,'''t,James's Hall. A match was hastily made up for
°onte—es!iaY, and came off at the London Club, Morphy
eidit4chug blindfolded, against eight members of the club, ko,„,_games simultaneously. The match concluded by
aik:l-113r being declared to have won two games and drawn
e,_ver Morphy considers this the toughest match he
ziortrYed. of this description. It is probable that Mr.
eek. Y will leave this country for America early next