The Sun.
London, England, 1868-02-25 00:00:00

MOINE/ MARKET

A ND
COMMERCIAL INTSLLIGENCB,

CITY, Two o'CLocx.
According to Renter's telegram from Paris to-
day, the French Rentes were G9f. 35c. Flat.

Eusiness on the Stock Exchangelis 'si uiet in all
departments. The P ltunds are a shade .gh.er, but
they do not appear to be very firm, While he foreign
market generally is dull, though no particular ?Op-
tion has been established. American securities qe
heavy and out of demand. British railways are
steady, with a partial improvement in some cases.
The rate for money this morning is 1 to 1 per
cent., and there is a slightly better demand than there
WWI yesterday.
Consols are a shade firmer at 93 to 931 for mppey
and account. New and Reduced Three per Cats.,
93'i to 93k ; India Five per Cents., 112 to 112 f.
Bank Stols. 943 to 250. Exchequer Bills, 12s to
17s premium.
The balance available for the sinking fund at the
end of the last quarter was £223,957. There is
reason to be eve that this amount has been applied in
redemption of deficiency bills on which money was ad-
vanced by the bank in connection with the require-
ments of the Abyssinian expedition and the other
immediate demands. The Government broker, there-
fore, will not make any purchases of stocks in the
current quarter.
Foreign Stocks are steady at the subjoined quota-
tions :—Mexican, 15/ to 16} ; Greek, 124 to 13 ;
Now Spanish, 36,1; to 36i; Italian, 45,E to 46 ;
Turkish (1865), 324 to 334 ; Portuguese, 395 to 40 ;
Brazilian (1865), 73/ to 74/ ; Egyptian (1864), 87 to
88 ; ditto, Railway Loan, 91 to 92 ; the Viceroy's
7 per Cents., 731 to 74k; and the 9 per Cents.,
881 to 891.
The New Honduras Loan is steady at -I to 11 prem.
American Securities are extremely flat and show a
further decline. United States' Five-Twenty Bends
are quoted at 71i to 714, being 4 lower ; Erie Rail-
road is li lower, and Illinois i—the former being
dealt in at 43 to 44, and the latter at 87 to 88.
Atlantic and Great Western Railway Debentures
have risen 4, to 26 to 27, and the Consolidated
Mortgage Bonds remain steady at 254 to 26.
English Railways were quiet all round. The prices
current are—Lancashire and Yorkshire, 128 to 1285 ;
Midland, 1075 to 108 ; South Eastern, 734 to 74 ;
London and North Western, 1181 to 1191 ; Great
Northern, 107 to 108 ; ditto A, 108 to 109 ; Great
Eastern, 304 to 30 ; Great Western, 455 to 46 ;
Seheffield 42/ to 42i ; Caledonian, 85k to 85/.;
-,
'lettepolitan, 112/ to 1121 ; and Chatham, 18/
to 191.
Bank shares are dull. London and Westminster
are 5 lower, at 675 to 685 ; and the Imperial Bank 5,
at 17 to 18. Chartered Mercantile, on the other
hand, is 4 higher, at 28 to 295. Imperial Ottoman
steady, at 4 to 4 dis. Alliance, 134 to 125 dis.
Consolidated, 4 to 4 prem.
The advance established in Rentes on the Paris
Bourse has proved exceedingly disastrous to the
adverse operators ; and already numerous " execu-
tions " are spoken of as being likely to result from
the forthcoming settlements.
Nliscellaneous Securities are without feature. Hud-
son's Bay is 1 lower, at 14/ to 14k ; Anglo-American
Telegraph, 194 to 191 ex div. ; Atlantic Telegraph
Eight per Cent., 5 3-16 to 5 5-16.
Advices from Marseilles to the 21st instant state
„hat the grain markets in that part continue
exceedingly active by reason of the demand for
supplies from all quarters. Prices are still advancing.
The fortnightly settlement in the Stock Exchange
will commence on Wednesday next, to be concluded
on the following Friday.
Sovereigns to the number of 15,000 were with-
drawn yesterday for Alexandria, in connection with
the Abyssinian expedition.
coman
Thpewy,shole of the fifth issue of the Scinde Railway
capital, amounting to £250;000 in £2O
'shares, has been taken up.
A call of -c2 per share has been made on the shares
of the Great Indian Peninsular Railway Company, en
schich .£6 and £2 have been paid.
, The directors of the Ebbw Vale Company (Limited)
'lave issued a circular to their shareholders, proposing
to reduce their shares from £5O to £32 each, which
iS a smaller amount than was intended, according to
the original prospectus, to be called up. •
The following is from the annual report of the
British Land Company :—" After paying the interim
dividend of 5 per cent., amounting to £7,500, the
balance-sheet shows a profit of £35,398, and out of
this sum the directors recommend a further dividend
9f 5 per cent. and a bonus of 10 per cent., free of
income-tax, making 20 per cent. for the year, and
leaving a balance of £l2 898 to be carried forward.'"
The balance available for the Sinkino. Fund at the
end of the last quarter was £228,937. There is reason
to believe that this amount has been applied in re-
demption of deficiency bills in which money was ad-
vanced by the board in connection with the require-
ments of the Abyssinian expedition and other imme-
diate demands. The Government banker, therefute,
Will not make any purchases of stocks in the current
quarter.
The advance established in Rentes on the Paris
Buorse has proved exceedingly disastrous to the ad-
o
T,erso operations ; and already numerous " execu-
tions " are spoken of as being likely to result from the
forthcoming settlement.
Advices from Marseilles to the 21st inst. state
that the grain markets in that part continue exceed-
In* act,_, e,
IN by reason of the demand for supplies
from all quarters. Prices are still advancing. In
Bome descriptions an advance has been established of
Ur. per hectolitre during the week. On the Monday
prevrous there were large arrivals from the Black
Sea ports ; but the deliveries subsequently were so
heavy,
in order to satisfy the daily demand, that stocks
on the 21st were exceedingly low.
Upon the application of Mr. Holyland, the official
llquidator of the Commercial Bank Corporation of
India and the East, the Master of the Rolls has
.ordered the payment of a second dividend of 2s Gd
11!) the pound to the creditors. The payment,
9wever, is stayed pending the decision of the
ssords Justices upon the validity of certain claims
contested_ by the shareholders, which decision will
probably b© obtained some time in the month of
March.
The traffic receipts of the Buenos Ayres Great
Southern. Railway for the week ending the 29th of
riecember last, amounted 'to £1,775 13s 7d, being
£514 12s 9d less than for the corresponding period of
1866.
circular,
Shaw and Thompson, in their iron trade
c_lr:uliir, say :—" In whatever direction we look, there
%.t clear evidences of returning activity in this
b nc,h of commerce. The demand for rails, especially
for export,, is very large, and better prices are beim+.
Paid. '

BRITIS II FUNDS—CLOSING PRICES.
GOVERNMENT FUNDS.
8 per Ueut. Consols
Do. Account, March 5 .......
8 per Cent. Reduced
New 3 per Cent 93.}. i.
New 2} per Cent. Jan. 1894 75
Do. 5 per Cent..lan. 1873
Annuities, 80 yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 l2l 13
Do (Red Sea Televaph), Au„., 1908 —
Exchequer Bills, £l,OOO, 2 per Ct.
Do £5OO pm
Do. £lOO St £2OO l2 17 pm
Bank of England Stock, 4} per Cent 219 51
Do. Account
INDIIN GOVERNMENT SECURITIES.
India stock, 10/ per Cent., Aprill874
Do. Account
Uno• 5 per Cent. July, 1880
'-',-,°. 4 Per Cent., Oct. 1888
uo. Certificates —
DO. Enfaced Paper 4 per Cent
Do. 5 per Cent., Jau. 1872 . 103}
5} per Cent., May 1
De
1)0 5 per Cent., Rup. b., 1872 —
Do. do. 1877 —

~,, Do. do. 1882 lO3l
",„0. Deb., 5 per Cent., Aug. 1873 —
"0. Bonds, 5 per Cont., .£l,000
bo. under .£1.000
A . FOREIGN FUNDS—CLOSING PRICES.
rgentine Republic, 6 per Cent
Austrian Bonds, ö per Cent. 1859
kiratiliaia 5 per Cent —
20. q per Cent., 1852 —
-u,,°. do , 1858....
-,%"°. do., 18 ;0 —
-r.,'"5. do.. 1863 641
-°' 6 Per Cent., 1865
.r, 00 Account 731(4
Josllen Ayres 6 per Cent —
e 4? 1.? 2
er per Cent. (Deferred 3 per Cent )
(-I,t, jan 6 p Cent.
-4" 6 per Cent
"0.41 per Cent
1)0. 6 per Cent. B .
P.,0•1 1867 7
---
'V
,°.) 7 per ,Cent, 1866 BB
c :,'°., Scrip £32 paid
I, . rubian, 6 per Cent.
rH:isti 3p ,r Cent., 1825
DU
4" nhian Principalities, 7 per Cent —
8 per Cent., 1867 GS Z
suador Now Consolidated, 1 per Celli—
.
-IgYl'l-i'"), 7 per Cent
-',.;`). Se( oud Issue B7
,'" '• £5lO Bonds
"0. £lor, Bonds —
, Do. 1?,64
,10..f5,0 'Howls —
1)(4°. £lOO 13°11,18 BSI 1
or—uvornrnent Railway Debentures ....
11e.r.lc..,..,trite)peoprisnt., 182115, ex Coups —
nt
.
-1410. Account
--.
~.
iut
; , teruala 5 p“r Cent . —
1-I:o!aduras Goy. Rail. Loan., 10 p. Ct., .£25 p
...Lizil.
, ' a 5 per Cent., 1865 —
"0, Account
.m 90.• /dare runtana Raiway 72
-Ltaicar. 3 per Cent —
Ditto
for Account
y, Dn.
1864 —
ajo 6 Per Cent. Angle-French —