The Sun.
London, England, 1868-03-23 00:00:00

XONEY MARKET

A ND
COMMERCIAL INTELLIGENCR,

CITT, Two O'CLOCK.

Business on the Stock Exchange is perfectly in-
active, with little change of importance. Transactions
are not likely to increase pending the motions for the
!thsestablishment of the Irish Church. The Funds
have receded a point, but Foreign Stocks have in
several cases slightly improved. In Railways there is
no feature of importance.
The discount demand at the Bank and in the open
market continues active, and the rate current is the
oc:tocianl minimum, viz , 2 per cent.
Telegraphic advices from Liverpool report the
market unchanged. Probable sales 1" 000
bales.
English wheat is held for late rates, whin, are no
freely given.
Consols are less firm than at the opening, being
quoted at 93 to 94 for money, and 93A- for account ;
1,-`4ew and Reduced Three per Cents., 914 to 92 ; India
Five per Cents., 114 to 1141 ; Exchequer Bills, lls.
to 16s prem.
The Foreign Stock Market is steady at prices show-
Pig no average change from Saturday's close. There
is an advance of in Brazilian (1865), at 72 to 73 ;
Turkish (1858), at 59 to 60; and of in Turkish
0865), at 33;i. to 337,3 ; in Mexican, at 154- to 16k ;
and in New Spanish, at 351 to 36. Italian (1861)
have declined I-, to 47/ ; and Turkish (1862), to 63.
Greek show no change, at 12;',- to 13 ; Portuguese
SernriP, to / prem. ; and Orel Vitebsk, 78,i to 79.
New Honduras Loan is steady at / to 1/ prem.
Egyptian 9 per Cent. Bonds are steady at
Ni to 90.
In American securities, United States Five-Twenty
Bonds are H lower, at 72 to 72k ; Erie Shares are
quoted at 46 to 47k, being worse, while Illinois
show an improvement of /, at 89 to 90.
Atlantic and Great Western Railway Debentures
have
ort receded A-, to 27 to 28, and the Consolidated
Mortgage Bonds 1, to 27A to 28k.
The variations in railways are unimportant. Mid-
'and, London and North Western, and Caledonian
are k per cent. higher ; and Sheffield are / lower ;
alower nd Brighton, Metropolitan, and South Eastern are
The current prices are :—Lancashire and
Yorkshire, 125/ to 125 2 ; Midland, 105 to
; °,si ; South Eastern, 72; to 73 ; Metropolitan,
141 to 1141 ; Great Northern, 1041 to 1051 ; ditto
99 to 100 ; Sheffield, 42i to 43 ; London and
North Western 114/ to 115/ ; Brighton, 48 to 481 ;
Great Eastern, '317,3 to 321 ; London and South Wes-
,,tern, 85 to 86 ; Great Western, 461 to 47 ; and
Caledonian, 80/ to 80/,
Lank Shares' are steady, the only change being an
advance of Is in London and County, which is quoted
at 52 to 53. Agra (A shares), 10 to 11 ; Alliance,
14 to i 3 dis. ; Auglo-Austrian, 3k to 4 prem. ; Char-
!,e,Ted Mercantile, 281 to 29k ; Consolidated, 41 to
; Imperial, 17 to 171 ; Imperial Ottoman, dis. to
Aar; London and Westminster, 674 to 68k ; Oriental, 42
London,
43 ; London Joint Stock, 311 to 321 ; Union of
44ondon, 33 to 34.
Foreign Alining Shares are rather dull. Chontales
k lower, at to ft dis. ; St. John del Rey steady at
8i to 191. ; Port Philip, 1/ to Ik.
Miscellaneous securities are without feature, busi-
4ess being merely nominal. Anglo American Tele-
,graph is better, at 22 to 22i ; Anglo-American
t'.,9egraph steady, at 5 1-16 to 5 3-16 ; Fore-street
arehouse, 2to dis.; Hudson's Bay, 14/ to 14i ;
London General Omnibus, 11 to 2 ; Ocean Marine
Insurance, 14s to 15s prem.; Thames and Mersey,
,i
to 4i ; Universal Marine, dis. to par.
ti The new issue of Metropolitan District Debenture
''ltoek is quoted firm at 1 to 11 prem.
• The Foreign. and Colonial Trust Certificates are firm
at 1 to 11 per cent. prem.
Fifteen per cent. is duo to-day on the Egyptian
Loan of X 2,009,200.
Sovereigns tunouuting to X 46,000 were sent into
the Bank on Saturday.
The adjourned meeting of the Metropolitan Railway
Is called for Wednesday next.
The sittings of the Parliamentary Railway Com-
kittees commence to-day. The first bills to come on
tit' decision will be that for the amalgamation of the
,righton and South-Eastern, and the Chatham and
uover lines, and the abandonment of the bill for the
l'elv Brighton line. The last-named will be vigo-
rously opposed on the part of the landowners of the
thetrict through which the line was to be made, and
alao by the local authorities of Brighton, who would
to doubt consider it to the advantage of their town if
aLf-a-dozen new lines were made.
The report of the directors of the Telegraph Con-
struction
and Maintenance Company, issued in anti-
eiPation of the meeting on the 31st inst., states that
he profit and loss account shows a balance of X 28,069 ;
the
realising a portion of the securities, estimating
"le depreciation of those on hand at the market price
(,),4 the 31st of December last, and deducting £17,000
;`,,?l' the maintenance of the Malta and Alexandria
i,!legraph, there remains a balance of X 46,970. Out
..,°! this sum the directors recommend the payment of a
‘,.!vidend of per cent., making, with the interim
dividend paid in June, 5 per cent. eer annum tree of
Income tax. This will absorb X 15,946, leaving X2B, 295
°be carried forward to the new account. The report
adds that several new cables have been laid, and the
th antic cable of 1866 has been twice repaired during
bear, Y circumstances which have an important
ear;
ng on the practicability and economy with which
ub
t marine telegraphs can be maintained. A line is
_
expected to be opened in June next connecting Susa
tt Italy, with Modica, in Sicily, which will greatly
:4ailitate the transmission of despatches over the Malta
tad Alexandria telegraph. The report adds that the
„
4.--Tany have never been in negotiation for the con-
struction of cables in so many different parts of the
°141:1 as at present. Mr. Fender has resigned the
chairmanship
and has been succeeded by Sir Daniel
, Bart., M.P.
sl'he letters of allotment were issued on Saturda
he y 01
new issue of £lO shares to the extent of X 1,000,000
terling, bearing a guaranteed interest of five per cent.
er annum of the Gude and Rohilcund Railway. This
cew. •
issue is intended for the further prosecution of the
tlitaPany's undertakings. The deposit of X 1 per
la,re must be paid at the Bank of England on or
gpi,re the 29th April, and interest accrues from the
pe"taY. The calls on these shares cannot exceed X 2
share, nor can they be made at intervals of less
L'an three months.
the he Gazette returns of specie for the week cooing
18th inst. show that the imports amounted to
,t,"4,950, and the exports to XL/2,0j, being
'42,887 in favour of the stock held.

BRITISH FUNDS—TWO O'CLOCK.
It I)4G,
.07ERNMENT FUNDS.
ir) 'but. Consols
B:. Account, April 2 93 I.
N • r Cent• Reduced e1y.911 21
N 6 3 Per Cent 9li 21-
.1j0.2t per Cont. Jan. 1894
kt,, • . per Cent. Loan. 1873
ta.ities, SO yrs, expire sth Jan., 1880 — ad
b for 30 yrs, expire sth April 1885 —
1/41° (Red Sea Telegraph), Au„., 1908 —
°tiller Bills, £l,OOO, 2 per CL ll pm
bo £5OO ll pm
)3atlic o.
.£lOO & .£2OO ll pm
1)0.0 England Stock, 41 per Cent Shut
Account
LA llibrAm fa
-.,16 -- ....OVEREXERT SECURITIES.
stock,b7. 101 per Cent., AprillB74
b(; Account -
Do: 5A Per Cent. July, 1880
1), PQ! Cent., Oct. 1888
..*
t Certificates —
b°. Enfaced Paper 4 per Cent —
t".. per Cent., Jan. 1872
bo 9 per Cent., May 1879 —
per Cent., Rup. Deb., 1872 —
no. do. 1877 —
rk O. do. 1882 —
. _ ob., 5 per Cent., Aug. 1873
b° Bonds, 5 per Cent., £l,OOO
.• Under £l.000
kr.„ FOREIGN FUNDS—TWO CLOCK.
~Atilt Line Republic, 6 per Cent —
kirttzirli?A Bonds, 5 er Cent. 1859
qO. P,l 0 per Cent —
bo.tt per Cent, 1852 —
bo. do., 18,:8....
bo. do., 1860 —
130. 5 do., 1863 —
, bo , per Cent., 1865
I.lell account 72f
I)‘l 2
°8 11-Yres 6 per Cent —
°gil
Nb 6 Per
Per Cen
Cen
l t. (Deferred 3 per Cent
)
t.
te:44,6 Per Cent —
Uo ,1 Per Cent. —
Do, b Per Cent., B —
D ~ 1867
n ." Per Ce t 1866
o' Se • ' I'' t .1311),
nrip £32 paid
bish `, 6 per
Ilitibis °Pc3r Cent., 1825 ...
h,_130 844 Principalities, 7 per Cent —
911 Per C t 1867 7O
kl' Mor " ,
OkiNew Consolidated, 1 per Cent —
Uo. Ran, 7 per Cent •• ••• '
k) --4'eciri Issue
bo: f5OO ponds
'loc Bonds —
bo Po• 1864
1:)0. ',,00 Bonds —
4 (10;`100 Bonds .. 88
rePlc, `P.Hr.6rzt Rtiiw•iy Oeb,iinres....... 901 11
bo , Per Cent., 1821-5, ex Coups —
1)o. ;ecount
)3 'ou
4 o. A e porls
-
late,::,count•
...._
it,l4N, ia 5 per Cent • . —
I;lao :Gov. Rail. Loan., 10p. Ct., X 25 p
'4D, A: pt Lent., 1865 —
Itc).count, .
4ii 4reinc iv ua R‘thrt
Dittoe4Z 3 P '`
' ' Y
f_ er Cent
b bc,°l- Account
°R 1 . 1864
keolltevicTr Cont. Anglo-Prencb
k iNh per Cent.
tiv,,. 1 . ' q 'laperial 5 per Cent
13 No
a ada
410. Per Con bo &fun,
1 ...._
Ettld '
Warrants (Hectares)