The Sun.
London, England, 1868-02-24 00:00:00

MONEY MARKET

A ND
nOMIERCIAL tNTELL)s,ir

CITT, Two O'CLOCK.

The Stock Markets are quiet with a steady tone.
No change of much importance since the final close on
Saturday has occurred i❑ the Funds or in the lead-
ing railway-stocks ; but in the Foreign Market there
is a demand for Turkish stocks some of which have
further improved a point or two, while the improve-
ment is maintained in Italian. On the other hand
American stocks are heavy and lower, owing to the
cable advices from New York.
The Discount Market is quiet at 12- per cent. on the
best bills.

The Wheat Market is steady at last week's prices.
Consols are quiet at Saturday's prices, being quoted
at 93 to 93 for money and account ; New and Re-
duced Three per Cents., 93q to 931 ; India Five per
Cents., 112 to 11E-1--; Bank -Stock, 248 to 250 :
Exchequer Bills, 12s to 17s prem.
The Foreign Stock Market is firm. Italian (1861)
Loads, however, are a point lower than Saturday's
final price, bein-,uo:.ed at 45 to 457 Turkish are
animated ail [heq 1865 Bonds are higher, at 331- to
3:*. There is an improvement of in Peruvian
(1833), at 75!; to 76.1; ; of 41.- in Mexican, at 15:1 to
16f ; and in Greek, at 12!, to 13 ; and of hi New
Sopzzis;ll at 361 to Portuguese are quoted 39
to (1862), 85 to 86 ; Egyptian Nine per
Cents., 88.1 to 891 ; and ditto (1864), 87i to 881.
The allotment letters of the New Russian Railway
Loan were received this morning. All applications
received in full, and the price of the scrip declined to
IYeinium..

Ainvrican Securities are flat. United States Five-
Twenty Bonds are 12 lower, at 71/ to 71k. Erie Rail-
road is quoted at 4.1 to 46, being worse ; and Illinois
1 lower, at 87 to 88.
The variations in Railways are unimportant. There
is a decline of / in Metropolitan and Lancashire and
Yorkshire, and of in Great Western, London and
North-Western, and South-Eastern ; and a rise of I
in Caledonian, and of A- in Chatham and Sheffield. The
prices current are : —Lancashire and Yorkshire, 12712 to
128; Midland, 107/ to 1071; South-Eastern, 73 to 73k ;
London and North Eastern, 118 k to 119 ; Great
Northern (A), 108 to 109 ; Great Eastern, 30 to 30} ;
Great Western, 451 to 461- ; Brighton, 46 to 4612 ;
Sheffield, 42 to 42k ; Metropolitan, 111 k to 1111 ;
Caledonian, 84 to 841 ; North British, 3412 to 3512 ;
and Chatham, 181 to 194.
Bank shares are without change. Alliance, 1312 to
dis ; Anglo-Austrian, 31 to 41 'prem. ; Char-
tered Mercantile 28 to 29 ; Consolidated, toy prem.
?)( div.; Imperial Bank, 1712 to 18 ; London and
C°anty. 52 to 53 ex div.; Oriental, 42 to 43 ; Lon-
don Joint Stock, 34 to 35 ; Union of London,
34 to 35.
In Finance Shares Credit Foncier is dull, at 3 to 31 ;
General Credit 4- lower, at 3 to 21 dis.; International
Finance, 21 to 11 dis.: London Finance, 24 to 23 dis.
Foreign mining shares are dull. Chontales,
worse, at 11 to 11; dis. ; St. John del Rey, 17 to 19 ;
Port Philip, 11-
Miscellaneous Securities are extremely quiet.
Anglo-American Telegraph, 191 to 19Ic ex div. ;
Atlantic Telegraph 8 per Cent., 5f to 5} ;_Hudson's
Bay, f lower, at 141 to 1412 ; Ocean Marine, .14
to 16 ; National Discount, 101 to llf. _

The following memorandum has been received. it
is hardly necessary to say that anything relating to
the re-establishment of Venezuelan credit must be
received with caution :—" Advices received from
Venezuela announce the appointment of General
Engelcke as Minister of Finance. That functionary,
on a former occasi3n, was chief officer of the Cus-
toms at La Guaira for one year, during which
period he doubled the revenue by the suppression
of smuggling and the vigour of his administra-
tion. When in London, in January, 1866, he
placed himself in personal communication with Messrs.
Baring Brothers and Co., and the committee of Vene-
zuela bondholders, and in a letter addressed to Mr.
Gerstenberg, the chairman of the committee, he advo-
cated the regeneration of the credit of the country by
means of the unification of the Venezuela debt, on the
basis of a gradually rising rate of interest, and the
aPPlication of a portion of the revenue to the construc-
tion of railways. It is confidently expected that General
Engelcke will do his utmost to establish the credit of
Venezuela, by entering into an honourable arrange-
Went with the British bondholders."
There were again no'bullion operations at the Bank
of England on Saturday.
The Siberia has arrived from New York with
£18,500 in specie ; the City of New York with
£2,000, and the Allemania with £36,000, the last-
mentioned being silver.
Consequent upon the unfortunate character of the
news from the mines, the directors of the Chontales
Mining Company on Saturday decided to call up the
remaining lOs per share. It is payable the 25th of
March.

The traffic receipts of the Bombay, Baroda, and
Central India Railway Company for the ten days
ending with 31st of December amounted to
£13,428 lls lld, comparing with £12,992 2s. 24 for
the corresponding nine days of 1866.
The directors of the Anglo-Argentine Company
(Limited), have made arrangements with Mr. Barnard,
formerly connected with the works, to proceed to
lario, and take a legal transfer of the works, &c.
Barnard has selected the requisite stores, which
twill be shipped without delay. Mr. Barnard leaves
IV the steamer, from Bordeaux, on the 29th inst.
Nit% Christopher Gabriel (nephew of the late Lord
Mayor) has this day joined the firm of Cock, Spavin
and Co., Fenchurch-street, which will in future lX
carried on as Cock, Gabriel, and Co.
The following list of some of the leading dividend
Paying mines of the colony of Victoria, shows how
extraordinary has been the rate of profits upon a very
small amount of capital, when the workings are con-
ducted upon practical and scientific knowledge :
,ICanle of Mine. Subscribed Capital. Dividends up to Nov 1867.
Koh °Politan £s 986 0 0 .. 8.128,044 5 oin 6 years
i poor
i ednandof Hope 32 000 0 0 . . 361,600 0 oin 31/2 years
Crest 11.
S 9.880 0 0 . . 339.250 0 oin 7 years
Sir Av. Don
9,000 0 0 .. 130,500 0 oin 2 }ears
wi'reews,jugton Freehold 6,500 0 0 . . 45,003 00in 14 mons.
Defit,ernFreebold 6,000 00 . . 25,500 00in 8 months
IS'Aiebli'onntince ........ 5,563 00 .. 70,000 0 Din 7 years
&Wellington 18.058 0 0 . . 167,357 0 oln 6 years
18,000 0 0 .. 90,921 5 Oin 4 years
Prince }bales
1114 • of .•
nth Yong