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

11014.113? MARKET

A ND
COMMERCIAL INTELLIGENCE,
CITY, Two O'CLOCK.

The prevailing opinion in the Stock Exchange
sPPears 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.
91ent, though increasing, keeps far short of the supply.
fit the commencement of business this morning specu•
but
purchases produced a rise of in Consols,
io.ut absence of bond fide inquiry and some sales have
since caused a relapse. All kinds of Indian guaran-
t,Rees go on increasing in value. Foreign stocks are
'inner, 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
cablei, quotation. Lombardo-Venetian are firmer.
aludson's Bay continue to decline. Atlantic Tele-
graph Shares are flat, but Anglo-American are firmer.
firehe trade demand for discount keeps active, and
rate for the best sh rt -dated paper is now 15 per
"nt• A good business is done at and above the
Official minimum. In view of an early advance in the
Eauk-rate bills having more than fourteen days to
run
are with difficulty discounted, unless at terms
ikely to cover the contingency.
,The Liverpool cotton market is reported dull, with
a downward tendency.
Consols opened at 935 to 931 ; but have since
relapsed, and are now quoted at last night's prices-
-9,3 to 935 for money and account ; New' and
Reduced Three per Cents., 915 to 92 ; India Five
Per Cents. are firm at an advance of k, being dealt
in at 1141 to 1142. 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 722, and
the latter at 88k to 882. Mexican are quoted at 155
t•ro 16i ; Greek, 124 to 13 ; New Spanish, 352 to 36 ;
Italian (1861), 46 to 465 ; Turkish (1865), 33 to
~331; Portuguese, to 1 prem. ; Orel Vitebsk, 78
o 78 ; Egyptian (1864), 835 to 86.4 ; and the
Railway Loan, 89 to 895.
lii American Securities, owing to lower prices from
New York, Erie shares have fallen a further 21 per
cent., being quoted at 45 to 46. Illinois are un-
altered, at 891 to 892 ; United States' 5-20 Bonds
Steady at 724 to 72g.
Foreign Railways are in request, but the only move-
ment in prices is an improvement of * in Lombardo-
Venetian, which is quoted at 15 to 15f ; Luxemburg,
8t095.
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 * better, while Manchester, Sheffield,
and Lincolnshire is lower, and London and North
Western 5. The following are the quotations :—Lanca-
shire and Yorkshire, 125- to 125/ ; Midlands, 1042 to
western,
; South Eastern, 722 to 73k ; London and North
vvestern, 1141 to 1142 ; Great Northern, 104 to
;9,5, ; ditto A, 99 to 995 ; Great Eastern, 31k to
3; London, Brighton, and South Coast, 48 to 48} ;
14anchester, Sheffield, and Lincolnshire, 425 to 43 ;
setropolitan, 1132 to 114 k ; ditto District, 4 to 1
vre,lll. ; 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-
lious. The debenture borrowing power will be reduced
b'
3' the amount, the company will have that much
ess occasion to appear in the money market for short
loans, 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 4 lower, at 10- to 134 dis.;
bon don and County and London Joint Stock are also
oth 4 worse, the former being quoted at 514 to 525,
and the latter at 32 to 33; Agra steady, at 10 to 10PR ..
div.; Anglo-Austrian 35 to 4 prem.; Consoli-
dated, 45 to 41; Imperial, 17 to 18; Imperial Otto-
[flan,l dis. to par ; London and Westminster, 674
to 684 ; Union of London, 33 to 34.
Finance shares are without change. General Credit
Ist quoted at 2a to 24 dis. ; International Finance, 2
o 12 dis. ; London Finance, 25 to 24 dis. ; Credit
47oncier 3 to 35.
11. Foreign Mining shares are steady. St. John del
'`‘e3ra are inquired for at 19 to 195 ; Port Philip un-
altered, at 14 to 11 ; Choutales, sto dis.
Very little business is doing in Miscellaneous
Securities and with one or two exceptions prices are
Without variation. Anglo-American Telegraph is
Vletter, at 215 to 225 ; while Atlantic -Telegraph
Fht per Ceuts. are H worse, at 5i to 51- ; Hudson's
ay are flat, at 135 to 14, being a further fall of k ;
°re-street Warehouse, 12 to 14 ; London General
Omnibus, 12, to 15 ; and Universal Marine Insurance
1.8 Is better, at 4 dis. to par.
bealings have taken place in Metropolitan District
-uailway L.Rue of £400,000 Debenture Stock, at 14
to 12 prelu.
There were no bullion operations at the not Of
•cd)glaod. yesterday.
The £67,000 in specie, brought by the West India
Packet Shannon, consists of miscellaneous silver.
The East India Land, Credit, and Finance Corn-
TPany (Limited), which ceased active operations in
June last has announced a return of £2 per share of
Llthe paid-up capital of the company.
remittance of ..£1,497 has been received on ac-
count of Ecuador dividends.
The report of the Home and Colonial Insurance
"inpany 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 Phoenix
1.,U-as Light and Coke Company has ben called for the
uth proximo for the purpose of declaring a dividend
to Christmas last.
The annual general meeting of the Law Union Fire
anti Life Insurance Company has been called for the
25th inst., to declare a dividend and bonus, and for
other purposes.
The directors of Reuter's Telegram Company have
is,laued their report, in anticipation of their meeting to-
A net profit is shown of £17,634, out of
‘'‘'
_ Leh a dividend at the rate of 8 per cent. per
annum will be declared.
a The Committee of the Stock Exchange have
?pointed Thursday, the 19th inst., a special settling
.Nr in the Scrip of the Ordinary Stock (1868) of the
j'cndon, Brighton, &c., Railway Company (to be
Marked).
g„, The traffic receipts of the Grand Trunk Railway of
anada for the week ending February 22 show a
`-'
decrease of £3,306, as compared with the correspond-
;eg 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.
There is an increase of £2,265 in the traffic receipts
of the South-Eastern Railway for the past week.
An extraordinary general meeting of the Australian
Trust Company has been convened for the 3d of
A
Po Prii, for the purpose of confirming the resolution
Passed at the meeting on the 13th inst., requiring the
lPany to be wound up voluntarily.
,I)ealings in Metropolitan District Railway Issue
X 400,000 Debenture Stock have taken place this
41°r4ing at 11 to a prem.

BRITISH FUNDS—TWO O'CLOCK.
GOVERNMENT FUNDS.
8 Per (Amt. Console
NBo. Account, April 2 935
eer Cent. Reduced 92 15
New 3 per Cent 915 2
ll° 21 per Cent. Jan. 1894 —
4 0- 5 per Cent. Jan. 1873..
4tiuities, 80 yrs, expire sth Jan., 1880. /
Do. for 30 yrs, expire sth April 1885 —
t? (Red Sea Televaph), Au,.., 1908 —
'°4oquer Bills, £l,OOO, 2 per Ct.
Do £5OO ..... 15 pn
t , Do. £lOO 4c £2OO l5 pu
41)111 of England Stock, 41 per Cent 249
0. Account
Ind •111 DIAN GOVERNMENT SECURITIES.
L° ia tock, 105 per Cent., April 1874
1.,. Account
1),,°• 5 per Cent. July, 1880
tc• 1 per Cent., Oct. 1888
O.
. ECernftificates
D°.
aced Paper 4 per Cent
°• D°. 5 Cent., Jan. 1872
55 per
per Cent., May 1879 —
° 5 per Cent., Rup. Deb., 1872 —
Do. • do. 1877 —
Do
D • do. 1882 lO3l
b'-'• Deb 5
5 per Gent., Aug. 1873 '
1-)°. Bonds,er Cent., £l,OOO
0. under£l.p 000
Ar, FOREIGN FUNDS—TWO CLOCK.
41;3,TM:file Republic, 6 per Cent —
lir:Tian Bonds 5 per Cent. 1859
Vian 5 per 'Cent —
t. 1•15. per Cent., 1852 —
L°'— do lB5B. ..
0, .1
1) do., 1860 —
D°'o do., 1863 635
1) • 5 per Cent., 1865
litleo Account —
Ipos Ayres 6 per Cent.
eilb„"' 2 por Cent. (Deferred 3 per Cent.)
Q,tii', 6 Per Cont.
6 per
lio°' 462 Per Cent .—
.13,0 per Cent., B .--
be:, 1867 -
1-2,,,*) 7 per ,Cent., 186 G
e . '''' Scrip £32 paid
Dl/44454bian, 6 por Cent.
,11311, 3 p Cont., 1825
butijan Principalities, 7 per Cont —
,111,4,° 8 Per Cent., 1867 . -
i)' 'a;;'t,°.," -New Con.iolidated, 1 per Cent —
u, 7 per Cent —