The Sun.
London, England, 1868-02-25 00:00:00

MONEY MARKET

AND
COMMERCIAL INTILLLIGENCN,

CITY, Two o'CLocx..
According to Reuter's telegram from Paris to-
day, the French Rentes were 69f. 35c. Flat.
tusiness on the Stock Exchangelis quiet in all
departments. The Funds are a shade higher, but
they do not appear to be very firm, while the foreign
market generally is dull, though no particular reduc-
tion has been established. American securities are
Heavy
steady, w
and out of demand. British railways are
ith a partial improvement in some cases..
The rate for money this morning is to 15 per
cent., and there is a slightly better demand than there
Was yesterday.
Consols are a shade firmer at 93 to 934 for money
and account. New and Reduced Three per Cents.,
03; to 93s ; India Five per Cents., 112 to 112±.
Bank Stock 243 to 250. Exchequer Bills, 12s to
17s premium.
The balance available for the sinking fund at the
end of the List quarter was £228,937. There is
reason to believe that this amount has been applied in
redemption of deficiency bills on which money was ad-
vanced by the bank in connection with the require-
ments of the Abyssinian expedition and the other
immediate demands. The Government broker, there-
fore, will not make any purchases of stocks in the
current quarter.
Foreign Stocks are steady at the subjoined quota-
tions :—Mexican, 151 to 161- ; Greek, 124 to 13 ;
New Spanish, 30 to 36a; Italian, 454 to 454 ;
Turkish (1865), 324 to 335 ; Portuguese, 394 to 40 ;
Brazilian (1865), 731 to 741- ; Egyptian (1864), 87 to
88 ; ditto, Railway Loan, 91 to 92 ; the Viceroy's
7 per Cents., 731 to 74/ ; and the 9 per Cents.,
88:1 to 891.
The New Honduras Loan is steady at / to lf prem.
American Securities are extremely flat and show a
further decline. United States' Five-Twenty Bonds
are quoted at 71i to 71 , being 5 lower ; Erie Rail-
road is 11 lower, and Illinois I—the former being
dealt in at 43 to 44, and the latter at 87 to 88.
Atlantic and Great Western Railway Debentures
have risen 4, to 26 to 27, and the Consolidated
:N.lortgage Bonds remain steady at 255 to 26.
English Railways were quiet all round. The prices
current are—Lancashire and Yorkshire, 128 to 1284 ;
Aridland, 1074 to 108 ; South Eastern, 735 to 74 ;
London. and North Western, 1181 to 119 i ; Great
Northern, 107 to 108 ; ditto A, 108 to 109 ; Great
Eastern 305 to 304 ; Great Western' 455 to 46 ;
Sheffieth, 421- to 421 Caledonian, 851 to 85/;
Metropolitan, 112± to 1121 ; and Chatham, Ib2
to 101.
Bank shares are dull. London and Westminster
are lower, at 675 to 685 ; and the Imperial Bank 4,
at 17 to 18. • Chartered Mercantile, on the other
hand, is .5 higher, at 28 to 294. Imperial Ottoman
steady, at 4 to 4 dis.. Alliance, 134 to 124 dis.
Consolidated, 4 to x prem.
The advance established in Rentes on the Paris
Bourse has proved exceedingly disastrous to the
adverse operators ; and already numerous " execu-
tions " are spoken of as being likely to result from
the forthcoming settlements.
Miscellaneous Securities are without feature. Hud-
son's Bay is f lower, at 141 to 145 ; Anglo-American
Telegraph, 19g- to 192 ex div. ; Atlantic Telegraph
Light per Cent., 5 3-16 to 5 5-16.

Advices from Marseilles to the 21st instant state
that the grain markets in that part continue
exceedingly active by. reason of the demand for
Supplies from all quarters. Prices are still advancing.
The fortnightly settlement in the Stock Exchange
will commence on Wednesday next, to be concluded
on the following Friday.
Sovereigns to the number of 15,000 were with-
drawn yesterday for Alexandria, in connection with
the Abyssinian expedition.
The whole of the fifth issue of the Scinde Railway
Company's capital, amounting to £250,000 in £2O
shares, has been taken up.
A call of £2 per share has been made on the shares
of the Great Indian Peninsular Railway Company, on
which £0 and £2 have been paid.
The directors of the Ebbw Vale Company (Limited)
have issued a circular to their shareholders, proposing
to reduce their shares from £5O to £32 each, which
is a smaller amount than was intended, according to
the original
prospectus, to be called up.
The following is from the annual report of the
British Land Company After paying the interim
dividend of 5 per cent., amountim, to X 7,
out of
500, the
balance-sheet shows a profit of £35,398, an d
this sum the directors recommend a further dividend
of 5 per cent, and a bonus of 10 per cent., free of
income-tax, making 20 per cent. for the year, and
leaving a balance of £12,898 to be carried forward."
The balance available for the Sinking Fund at the
end of the last quarter was £228,957. There is reason
to believe that this amount has been applied in re-
demption of deficiency bills in which money was :A-
vanced by the board in connection with the requite-
meats of the Abyssinian expedition and other imme-
diate demands. The Government banker, therefore,
will not make any purchases of stocks in the. current
quarter.

The advance established in Rentes on the Paris
Bourse has proved exceedingly disastrous to the ad,
verse operations ; and already numerous " execu-
tions " are spoken of as being likely to result from the
forthcoming settlement.
Advices from Marseilles to the 21st just. state
that the grain markets in that part continue exceed-
ingly active, by reason of the demand for supplies
from all quarters. Prices are still advancing. In
solne descriptions an advance has been established of
lfr. per hectolitre during the week. On the Monday
previous there were large arrivals from the Black
Sea ports ; but the deliveries subsequently were so
heavy, in order to satisfy the daily demand, that stocks
on the 21st were exceedingly low.
Upon the application of Mr. Holyland, the official
liquidator of the Commercial Bank Corporation of
India and the East, the Master of the Rolls has
ordered the payment of a second dividend of 2s -Gd
hothe pound to the creditors. The payment,
wever, is stayed pending the decision of the
Lords Justices upon the validity of certain claims
Contested by the shareholders, which decision will
probably be obtained some time in the month of
March.
The traffic receipts of the Buenos Ayres Great
Southern Railway for the week ending the 29th of
I?..ecemher last, amounted to £1,775 13s 7d, being
•Z' 14 123 9d less than for the corresponding period of
1866.
Messrs. Shaw and Thompson, in their iron trade
circular,
say :--" In whatever direction we look, there
are clear evidences of returning activity in this
_branch of commerce. The demand for rails, especially
for export, is very large, and better prices are being
Paid,"

DIUTIIII TIJ2ID3—TITO 0121 LOCK.
GOVERNMENT FUNDS.
8 per tient. Consols .. : ............ 92i 31
Do. Account, March 5..,.,.'•••••......•.•• 93 -I 3 per Cent. Reduced 931. -I- 4
New 3 per Cent
93} i.
New 21 per Cent. Jan. 1894 75
Do. 5 per Cent. J an. 1873
Annuities, 30 yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 l2l
Do (Red Sea Telegraph), Aug,., 1908 —
Exchequer Bills, £l,OOO, 2 per Ct.
Do £5OO — latn
Bask of
£lOO & £2OO l2 17 pra
of England Stock, 44 per Cent 249 51
Do. Account
, INDIAN GOVERNMENT SECURITIES.
-"lclia tock, 101 per Cent., April 1874 ••• 216
1)0. Account
bo. 5 per Cent. July, 1880
Do. 4
Do. Certificates
Do. Eufaced Paper 4 per Cent —
130. 5 per Cent., Jan. 1872
DO.
54 per Cent., May 1879 ..—
Do 5 per Cent Itup Deb., 1872 —
D 0.., . ~
do. 1877 —
, Do. do. 1882 —
4, O. Deb., 5 per Cent., Aug. 1873 —
Po. Bonds, 5 per Cent., £l,OOO
"o• under
.£l.000
Arge . l'OliFilli FUNDS TWO °LOCK.
A /Ain° Republic, 6 per Cent
,ustrian Bonds, 5 per Cent. 1859
-15rt(tiZiliati 5 per Cent —
Do. 44 per Cent., 1852 —
IV. do., 188 —
DO". do 18.30 —
DO d0.,.' 1863 644
. 5 per Cent., 1865 —
bo A,
mitt
13,1 uOI.IIII
-re,c's Ayres 6 per Cent —
Cub k'o 2 per Cent. (Deferred 3 per Cent )
ez,il',, 6 Per Cent.
0, Oa. tl4l6ppeerr Cent
il,:',°. 6 per Cent, B • --
4.10. 1867
D°., 7 per 1866
-1) , ,Cent.,
-...
C'l'
a,-) I .o.m.i'bi acirii,p6.Ep3e2r paid
Cent.
D nish 3 p Cent., 1825.
GB4
11 , per Cent. 1867
_ .Lador New ConJolidated, 1 per Cent —
c,yptitin, 7 per Cent —
._o• Second Issue
~- • C5OO Bonds
I'o. £l.ot Bonds —
I)1
Do• 1:564
- . •
DO. £lOO Bonds , .... 881 4
Gr9(werunl,,nt Railway Oebenturos ....
Y,eolr, 5 per Cent., 182415, ex Coupq — -12
0. `Account
-1.2 • Coupons
0 .uo• Account
.1-',.'olaternala 0 per Cent .. —
lit
ii.duras Gov. Rai I. Loan., 10p. Ct., .£2sp ---
,-,414 ' ptt. Cent., 1865 —
"-..0. Account
...•0 m • 1
Al ‘,.._,.. arelnlnalla ltaiway itar 3 per Cent —
Ditto for Account
~,, Do.
.....0 6 1864 —
Per Cent. Anglo-French ,-
-