The Sun.
London, England, 1868-03-17 00:00:00

X 0 Y MARKET

AND
nOMMERCIAL IN TEL-LIG it Nc
CITY', Two O'CLOCK.

The prevailing opinion in the Stock Exchange
appears to be that the public will soon be larger pur-
chasers of securities, and consequently operators are
holding for a rise. But as yet the demand for invest.
lnent, though increasing, keeps far short of the supply.
At the commencement of business this morning specu•
lative purchases produced a rise of in Consols,
but absence of bond fide inquiry and some sales have
since caused a relapse. All kinds of Indian guaran-
tees go on increasing in value. Foreign stocks are
firmer, the Viceroy of Egypt's Bonds being fully
Per cent. higher. The chief fluctuation has been in
Erie Railroad Shares. The litigation going on in
New York is giving rise to the wildest speculation,
and the European price is daily regulated by the
cable quotation. Lombardo-Venetian are firmer.
Hudson's Bay continue to decline. Atlantic Tele-
graph Shares are flat, but Anglo-American are firmer.
The trade demand for discount keeps active, and
the rate for the best short-dated paper is now 14 per
cent. A good business is done at and above the
official minimum. In view of an early advance in the
-Ink-rate bills having more than fourteen days to
run
are with difficulty discounted, unless at terms
likely to cover the contingency.
The Liverpool cotton market is reported dull, witn
a downward tendency.
Consols opened at 934 to 931 ; but have since
relapsed, and are now quoted at last night's prices-
-93 to 934 for money and account ; New and
Reduced Three per Cents., 914 to 92 ; India Five
per Cents. are firm at an advance of k, being dealt
in at 114± to 114/. Bank Stock steady, at 249 to
251; Exchequer Bills remain at lOs to 15s prem.
„ In the market for Foreign Government Securities
the chief movement continues to be in Egyptian Bonds.
The Viceroy's Seven per Cents. and Nine per Cents.
are 1 per cent. higher, the former at 72k to 721, and
the latter at 88/ to 881. Mexican are quoted at 154
to 161 ; Greek, 12 to 13 ; New Spanish, 351 to 36 ;
Italian (1861), 464 to 464 ; Turkish (1865), 33 to
33i ; Portuguese, to 1 prem.; Orel Vitebsk, 78
to 78/ ; Egyptian (1864), 855 to 864 ; and the
Railway Loan, 89 to 895.
In American Securities, owing to lower prices from
New York, Erie shares have fallen a further 2j per
Cent., being quoted at 45 to 46. Illinois are un-
altered, at 89± to 891 ; United States' 5-20 Bonds
steady at 724 to 72i.
Foreign Railways are in request, but the only move-
ment in prices is an improvement of t in Lombardo-
Venetian, which is quoted at 15 to 15/ ; Luxemburg,
9 to 94.
English Railway Shares are on the whole steady,
Prices showing few changes of importance. South
Eastern, Great Eastern, Great Western, and Metropo-
litan are each 4 better, while Manchester, Sheffield,
and Lincolnshire is / lower, and London and North
Western 4. The following are the quotations :—Lanca-
shire and Yorkshire, 125/ to 1251 ; Midlands, 1041 to
105± South Eastern, 721 to 73/ ; London and North
*Western, 114/ to 1141 ; Great Northern, 104 to
,105 ; ditto A, 99 to 995 ; Great Eastern, 31± to
.„`)q ; London, Brighton, and South Coast, 48 to 48/
Metropolitan, 1131 to 114/ ; ditto District, 5 to 1
Prem. ; Caledonian, 824 to 83.
The directors of the Great Western Railway have
Issued a circular, received this morning, inviting the
holders of stock' to apply for the issue of £2,000,000
debenture stock, bearing 5 per cent. interest. The
importance of this amount being subscribed is ob-
''ions. The debenture borrowing power will be reduced
11:1Y the amount, the company will have that much
loans,
occasion to appear in the money market for short
'°alls, and the dividends for the past half-year will be
Paid in cash. On the other hand, if the application
fail, the company will be liable to experience the ill
consequences resulting from litigation.
, Bank Shares rather dull, and business is very
limited. Alliance is 5 lower, at 10- to 135 dis.;
London and County and London Joint Stock are also
both 5 worse, the former being quoted at 515 to 525,
and the latter at 32 to 33; Agra steady, at 10 to
,ex div.; Anglo-Austrian 35 to 4 prem.; Consoli-
oated, 45 to 44 ; Imperial, 17 to 18; Imperial Otto-
to 68 f dis. to par ; London and Westminster, 674 674
; Union of London, 33 to 34.
Finance shares are without change. General Credit
'4 quoted at 24 to 211 dis. ; International Finance, 2
t 0 11 dis. ; London Finance, 25 to 24 dis. ; Credit
Foncier 3 to 34.
Foreign Mining shares are steady. St. John del
ReYs are inquired for at 19 to 195 ; Port Philip un-
altered, at lif to 1A ; Choutales, to 4 dis.
Very little business is doing in Miscellaneous-
Securities and with one or two exceptions prices are
Without variation. Anglo-American Telegraph is
better, at 214 to 224 ; while Atlantic Telegraph
Eight per Cents. are 4 worse, at 54 to 5± ; Hudson's
Pay are flat, at 134 to 14, being a further fall of * ;
Fore-street Warehouse, 11 to ; London General
painibus, 14 to 14 ; and Universal Marine Insurance
ts 4 better, at 4 dis. to par.
Dealings have taken place in Metropolitan District
Railway Issue of £400,000 Debenture Stock, at 1i
to 11 prem.
There were no bullion operations at the Bank of
England yesterday.
The £67,000 in specie, brought by the West India
Packet Shannon, consists of miscellaneous silver.
The East India Land, Credit, and Finance Com-
pany (Limited), which ceased active operations in
one last, has announced a return of £2 per share of
the paid-up capital of the company.
-A. remittance of £1,497 has been received on ac-
count of Ecuador dividends.
The report of the Home and Colonial Insurance
`-'orlipany does not recommend any dividend.
The Atlantic Telegraph Company have abandoned
the idea of paying off the claims of the Anglo-Ameri-
can Company, and an amalgamation of the two com-
panies is being arranged.
The adjourned half-yearly meeting of the Phcenix
8
Light and Coke Company has been called for the
.proximo for the purpose of declaring a dividend
tO Christmas last.
The annual general meeting of the Law Union Fire
and Life Insurance Company has been called for the
'oth inst., to declare a dividend and bonus, and for
other purposes.
The directors of Reuter's Telegram Company have
'Yled their report, in anticipation of their meeting to-
Worrow. A net profit is shown of £17,634, out of
olch a dividend at the rate of 8 per cent. per
"u,nutn will be declared.
The Committee of the Stock Exchange have
,113 Pointed Thursday, the 19th inst., a special settling
TiY ill the Scrip of the Ordinary Stock (1868) of the
I.4,lznrkdeodn,,,. Brighton, &c., Railway Company (to be
The traffic receipts of the Grand Trunk Railway of
Canada for the week ending February 22 show a
decrease of £3,306, as compared with the correspond-
outig week of last year ; and those of the Great Western
Canada, for the week ending the 13th inst., a
decrease of £6,403, in consequence of a sudden thaw.
of the
is an increase of £2,265 in the traffic receipts
I the South-Eastern Railway for the past week.
An extraordinary general meeting of the Australian
Trust Company has been convened for the 3d of
April for the purpose of confirming the resolution
Passed at the meeting on the 13th inst., requiring the
,
'4llPany to be wound up voluntarily.
1-/ealings n Metropolitan District Railway Issu e
of X400,000i Debenture Stock have taken place thi
111°Ming at 14 to 1 prem.

BRITISH FUNDS—CLOSING PRICES
8 GOVERNMENT FUNDS.
Per Cent. Consols
a per. Account, April')
tiPer Cent. Reduced 92 1.1
4619. 3 per Cent 9ll 2 1-1
°A° 2i per Cent. Jan. 1894 —
4 —°. 5 per Cent. J an. 1873
11,4uities, 80 yrs, expire sth Jan., 1880 —x(
„uo. for 30 yrs, expire sth April 1885 —
E
~";) (Red Sea Telet,raph), AuA. 1908 —
s'cloquer Bills, £l,OOO, 2 per et'.
Do £5OO l5 pin
13 De. £lOO & £2OO l5 pm
I,IIK of England Stock, 41 per Cent 249
'O. Account
14,,INDLiaq GOVERNMENT SECURITIES.
.N'll4 tock, 101 per Cont., April 1874 ••• 217
-"°. Account
/1::?,°. 5 per Cent. July, 1880
ID°. 4 per Cent., Oct. 1888
~o. Certificates —
VI% Enfaced Paper 4 per Cent —
1)O.°. per Cent., Jan. 1872
ii 51 per Cent., May 1879 —
—° per Cent., Rup. Deb., 1872 _
Do. do. 1877 —
Do. do. 1882 lO3l
o'. Deb., 5 per Cent., Aug. 1873
1)°. Bonds, 5 per Cent., £l,000
o• under £l,000
A FOREIGN FUNDS—CLOSING PRICES.
Artl,,.'enline Republic, 6 per Cent —
1, 3trian Bonds, 5 per Cent. 1859
63/ 4
t.. an 5 per Cent _
bo: 'II r,,,,.. Cent., 18;22 —
o.
u 18.'8
110. ,u ,
1),.. 0., 180 .. . —
kJ do., 1863 631
i),..: Per Cent., 1865 —
8 - 4(.!count —
frogli - , :' Cent —
, 2
~ rcs .) i.t.r
(211.)," per Cent. (D.ferrsd 3 per Cent.)
0
~a 4, G Der Cent.
Üb'an 6 per Cent —
°' 41' per Cent -
6-_'• t) per Cent., B ..
el., 1867
"', 7 Per , Cent., 1866
-p0 °., Scrip £32 paid -
I),
wfuBian, 6 pilr Cent.
I) `.,`„,il 3 p Cent., 1825
.):rufau Principalities, 7 per Cent —
4ktli,° 8 Per Cent
,1•01 or New Coonsolidated, 1 per Cow —
41)tian) 7 per Cent --