The Sun.
London, England, 1868-05-06 00:00:00

ItION MARKET

AND
COMMERCIAL INTELLIGENCE,

CITY, Two O'CLOCK.

The stock markets continue to have a steady ten'
(I;ereY, but the amount of business doing is incon-
siderable, and the changes since yesterday's close
ate in consequence quite unimportant. The Funds
;bCar re scarce and are thus strengthened, iu spite of large
accounts which are understood to be open.
firmill'ieerr ponicaunand some Continental railways are
good traffics, but in English there is
no particular change, the advance established last
night being in most cases maintained. Among the
securities of foreign governments, Egyptian being
very unsettled still attract most attention.
The demand for discount is active, and the most
general rate for the best and shortest commercial
Paper is 25 per cent. The banks will not advance to
brokers under the official minimum, and loans
aon Government stocks from day to day are
per c ent. The question of an advance of per cent.
11 the Bank rate to-morrow is in consequence being
generally discussed. The market is apparently ripe
for such a movement ; it is for the Bank to say
whether it is disposed to relinquish the control of the
market which it at present holds.
The Liverpo3l Cotton Market opened with a down-
ward tendency.
Consols are firm but quiet at 94 to 94k for money,
and 92a to 921 ex div. for account ; New and Reduced
Three per Cents., 925 to 92g ; India Five per Cents.,
3-151 to 116 f ; Bank Stock, 244 to 246. Exchequer
I3ills, 12s to 17s prem.
The variations in Foreign Government securities are
not numerous. Egyptian Railway Debentures are 1
lower, but the 1864 loan and the Viceroy's 9 per cent.
are f and 4 better respectively. Greek bonds have
declined / per cent. The current quotations are :
Mexican, 152 to 16 ; Greek, 13k to 131 ; New
Spanish, 35- to 351 ; Italian, 48g to 48i ; Turkish,
341 to 35 ; Egyptian (1864), 79 to 795 ; ditto Rail-
way, 885 to 895 ; Viceroy's 7 per Cents., 71 to 715 ;
ditto 9 per Cents., 894 to 902 ; Chilian (1866), 1014
to 102 l ; and ditto (1867), 961 to 974.
The New Honduras Loan is par to 1 prem.
The Spanish Colonial 8 per Cent. Loan, fully paid
up, is 91 to 915, and the Scrip, 2 to 15 dis.
American securities are firm. United States 5-20
Bonds are 5 better, at 705 to 701 ; Erie shares f
higher, at 455 to 46k ; Illinois, 95 to 954.
Atlantic and Great Western Railway Debentures
are 29,1- to 30 ; and the Consolidated Mortgage Bonds
33 to 33!-t.
Home railways are generally firm, although in some
few cases prices are a shade lower than the closing
quotations of last night. Great Northern is 4 higher,
and Caledonian 5, while Manchester, Sheffield, and
Lincolnshire' and Metropolitan, are each 4lower, and
London and North Western, and Great Eastern, 5 each ;
The following are the quotations :—Lancashire and
lorkshire, 1272 to 1281 ; Midland, 107 k to 1072 ;
South Eastern, 744 to 741 ; London and North
Western, 1152 to 116/ ; Great Northern, 103 to
1:3044
to; 3I
ditto 4; (A Stock), 97 to 98 ; Great Eastern,
Great Western, 545 to 55 ; London,
Brighton, and South Coast, 53/ to 54/ ; Manchester,
Sheffield, and Lincolnshire, 435 to 44 ; Metropolitan,
112 k to 112 ; Caledonian, 752 to 76/ ; and London,
Chltiltili.pi,tonri
i,eand Dover, 181 to 19k.
gnl)Ziailways Great Luxembourg are marked
at 104 to 1c ;
to 17)1. and Lombardo-Venetian, at 15
In Foreign Mining Shares, St. John del Reys are
rithout change, at 19/ to 192 ; Pert Philip, 1g to 1g;
and Chontales, 2g to 23.
Batik .hares are quiet, and prices are without
movement. Agra (A) is quoted at 95 to 104 ;
ance, 13 to 12 0;s. Anglo-Austrian, 45 to 5 ; Char-
tered Mercantile, 28 to 29 ; Consolidated, ,Vr to 41 ;
Imperial, 18 to 19 ; Imperial Ottoman, -5
to prem.;
Loudon mid County 515 to 524 ; London and West-
tninster, 685 to GO ; Oriental, 415 to 425 ex div. ;
London Joint-Stock, 345 to 355 ; Union of London,
332 to 3.4.
The dealings in Miscellaneous Securities are rather
T:Tieeilitggerrdaa,ppillibut prices are steady. Anglo-American
is inquired for at 23.5 to 235 ; Atlantic
Eight per Lon
dCoenn t
General., 5k to
05;
iii
at 141 tol
5 ;
vcean Marine Insurance, 12 to 15 prem. ; Thames
nibus,l Hudson's
to Bay
prem.
and
Mersey, 4k to 5 ; and Universal Marine, k dis. to
There were no bullion transactions at the Bank
Yesterday.
The steamers which left New York yesterday for
Europe took £200,000 in specie.
New Tripoli has arrived with £29,426 in specie from
.eiew York,
b The annual general meeting of the lonian Bank has
tleiesti called for the 29th inst., for the transaction of
The annual geneal meetig? of th Nloy ar Cuffee
company has been r
convenedn for thee 12th inst., to
''seer's the directors report and statement of accounts.
41- special general meeting of the London, Brighton,
and South Coast Railway Company has been called
tithe 21st inst. to take into consideration the bills
cqv pending in Parliament.
-o.lle Ortg
.1307 May, :10*
„A n extraordinary general meeting of the Australian
,Il
e Land and Finance Company will be held on
tics
for the purpose of confirming the reso-
-1 ns passed at the previous meeting.
is dividend of the Anglo-Romano Gas Company
tl t the rate of 10 per cent. per annum payable on
he 13th inst.
The committee of Spanish Passive bondholders, in
.9),3, to an intimation from the Stock Exchange com-
mittee that they would to-day proceed to consider the
claims of the New 3 per Cents to be marked, state
that they do " not oppose the official quotation of the
for
3 per Cents., that stock being only au exchange
or the oil securities, the Passive and Certificate
Stock. 'We therefore beg that you will kindly adopt
the
same plan as in 1861, viz., allow a quotation to
to stock in question on the ground of its being an
,exchange only, but refuse it to the Colonial Loan and
"° any other Spanish loan which may be brought out
until Spain has recognised the Certificates now in
course of issue in respect of that portion of the Passive
debt of which the bondholders were, in the late con-
version, inflicted. You are aware that the Spanish
Government threatened to consider any bonds null
and void to which we affixed any stamp or mark. It
Was, therefore, impossible for us to distinguish between
bonds issued for a cash payment and those strictly given
in exchange for the old securities. This consent,
therefore extends to the whole of the new 3 per Cent.
Lends of, 1867."
The ordinary general meeting of the Anglo-Italian
the transaction of the business of the company.h.e
half-yearly meeting of the Scottish Australian
• anng Company has been convened for the 15th
ltn,ste after which die meeting will be made special for
caue purpose of passing a resolution to increase the
pital of the company.
ay
f__The traffic receipts of the Metropolitan Railway
the past week show an increase of £5lB. The
-tterease in the receipts of the Great Luxembourg
citilwaY for the week ending the 3rd inst. 13
arod 'll 12s 10d. The earnings of the Bombay,
in, t„a, and Central India Railway for the week end-
14th March show a decrease of £2,575, and
'Tr following week an increase of £274 10$.
below
present stocks of produce in London continue
few _ the quantities held this time last year, with but
of exceptions. There is a decrease of 6,107 packages
cuttliaves, 76'750 bales of jute, 13,793 bales of jute
mac_ngB, 1,516 chests of lac dye, 121 packages of
budne, 600 packages of nutmegs, 67 packages of cassia
pepper ') 1,885 tons of black pepper, 27 tons of white
378 3,904 puncheons of rum, 115 tons of sago,
204 t'ouns of sago flour, 2,768 tons o nitrate of potass,
as of nitrate o soda, 19,581 tons of sugar, and
"44 caskof
s tallow. On the other hand there is an
471 `se ef 968 packages in the stock of cinnamon, of
I,ctii,ls_aei.kages of clove stalks, of 3,126 bags of cochi-
-1177'13,602 bags of cocoa, of 5,816 tons of coffee, of
2,040 es of cotton, of 743 casks of molasses, and of
The Lfens of rice.
cotton °Hewing is Mr. Sam Menders report of the
Thereg'eds market, dated Manchester, May 5 :
14404_ is little demand to-day, prices remain quotably
De,red, but offers at a moderate reduction are not
aeraii__ refused.,,
the y ..etused.
the nexsrts,Thßuckley, Sheldrick, and Pugh report that
tieue,
n_z.‘ast India indigo sales in London will com-
cetauris"_"_ Monday, the 11th inst. The A catalogues
400 ch_s_e,s 6,035 chests ; the B catalogue (sundries)
ply of
q"licasr• The new imports afford an excellent sups
t4N4es in tties above 6s per lb. Kurpah : The bulk
good shi value at from 4s 10d to 5s 7d, with a few
eensunii chiefly tTug• Bitnlipitam : Good ordinary to good
,b
felt Liid"`.good ordinary to middling and good, and a
tow, with a f"gew to
gfiood.mostly
ne Vellore. The Manilla is

A (1 ° 1317 ET NTMIETT . :i:UNI'TD SD. 8
' 13,..?.1 Cont. COIISOIS
xd
92}
—CLOSING PRICES.
-ultto, for Account, June 4
92} i
~12er Cet. Reduced
941 I
"f4':, " 3 per Cent 1Z023- per Cent. Jan. 1894
_
40 *.°. Por Cent. dan. 1873 .
tnnttes 30 • • • sth Jan., 180.
Do, , VI 9, expll 0
t., O. for 30
Sear
expire sth April 1885
.___
"0 (Red Sea Telekruphl, Aug ,
2C,1
pin
tocpier l3ills Cl,OOO 2 per Lt o.
12
Do. £5OO IVOB
16
12 Pin
lIIS. £2OO
244} 6
•,,ilk of Eng £lOO ,
land 4ipor Cent
AA:cont Stock,
... ........................
E;:
1 aqitt
tol4eki, (i(rED.YMENT 7)CrilltllBT7l4
215
33°. 4ce°utlti !).P.'r C.....'..1.
161
116 1,- 151
bo• 51 per Cont..fuly, 1880
102
Do • Por Cent. 1888
t_o r, . . ~ Oct.
_. ~,,ertificatea
81 91
.• Lafaced Paper 4 per Cent