The Sun.
London, England, 1868-02-11 00:00:00

IIVIEY AARKET

AND
C UMME RC lAL INTELLIGENCIC,

CITT, Two O'CLOCK.

The stock markets show but little animation, and
bxcept in the. English Funds, which are steady, the
tendenCy is rather unfavourable. Railways have
receded in some cases a point or two, with the excep-
tion of Great Eastern, which have advanced. In
Foreign Stocks the two features have been a further
decline in United States' Five-Twenty Bonds, and a
relapse of in Spanish New Three per Cents. The
latter arises from the contingency of a rupture be-
tween the Bank of Spain and the Government on
the application proposed to be made of the Bank's
reserve.

Money in the open market remains at about per
cent. on first-class commercial bills, and supplies are
as full as ever.

Consols are without change, at 936 to 931, for
money and account ; New and Reduced Three per
Cents., -93:1- to 936 ; India Five per Cents., 111 k to
112 f; Bank Stock, 248 to 250 ; Exchequer Bills, 20s
to 25s prem.
The chief feature in Foreign Securities is the de-
pression of Spanish New Three per Cents. upon the
Ministerial difficulty at Madrid. At 36k to 36g• there
is a reduction of / ; otherwise there is not much
change. Mexican, 15t to 163; -Greek, 12k to 13 ;
Turkish, 32R- to 324 ; Italian, 44 to 44k ; Portuguese
Scrip, 1K to lif prem. ; Egyptian Nine per Cents.,
92/ to 022 ; ditto (1862), 89 to 91 ; and Railway
Loan, 926 to 93k.
The New Honduras Loan is steady, at f, 14 prem.
Colonial Bonds are steady ; Canada Six per Cents.,
are enquired for at 99 to 101 ; Mauritius Six per
Cents., 103 to 105 ; New South Wales Five per Cents.,
99 to 101 ; New Zealand Six per Cent., 108 to 110
Queensland Six per Cents., 103 k to 104 k ; Victoria
Six per Cents., 110 to 111.
In American Securities, United States 5-20 Bonds
are I lower, at 716 to 71*. Erie Railroad k better,
at 47k to 486. Illinois steady, at 87k to 886.
-Atlantic and Great Western Railway Debentures
remain firm at 26 to 28, and the Consolidated Mort-
cage Bonds have risen k to 24 to 25.
English Railways are rather flat. Midland have
fallen k at 1052 to 106/ ; Great Northern, at 109 to
110, ; and Caledonian' at 76/ to 761, Metropolitan,
at 108/ to 1081, theatWestern, at 46 to 466, and
London and North Western, at 1172 to 1183, k each.
On the other hand, Great Eastern are higher, at
30k to 31 ; Great Northern A -, at 110 to 111 ; and
Lancashire and Yorkshire k, at 126/ to 1262. There
is no change •in South Eastern, at 711 to 712 ;
Sheffield, 43 to 436 ; and Brighton at 451 to 462.
Bank shares are generally firm, but the transactions
are limited. Chartered Mercantile is quoted k better,
at 28 to 29 ; Imperial Bank f, at 17k to 18 ; and
Imperial Ottoman k, at 17k to 18 Agra (A shares,)
steady, at 11 to 11k ; Alliance, 13 to 12 dis. ; Anglo-
Austrian, 33 to 32 prem. ; London and Westminster,
52 to 54 ; London and County, 52 to 54 ; London
Joint Stock Union of Loudon, 33k to 34k.

Miscellaneous securities are without feature, the
only movement being in Thames and Mersey Marine
Insurance Company, and Hudson's Bay Company,
the former being *better, while the latter is * lower.
Anglo-American Telegraph Company, 191 to 19g ex
div. ; Atlantic Telegraph Eight per Cent., 5 to 5* ;
ditto Ten per Cent., par to I prem. ; National Dis-
count, ]1 to 11k ; Egyptian Trading, 42 to 4i dis. ;
General Credit, 2g to 2g dis. ex div.
The ordinary half-yearly meeting of the Taff Vale
Waggon Company has been called for the 25th inst.
The annual general meeting of the Gray's Chalk
Quarries Company will be held on the 28th inst.
The sum of .£86,000 in bar gold was taken from
the Bank yesterday for export.
The Humboldt has arrived at Liverpool with £23,000
in specie from the River Plate.
The fortnightly settlement on the Stock Exchange
commences on Wednesday and closes on Friday.
The latest political advices from Portugal state that
order has not yet been fully re-established, inasmuch
as a serious erncute has just broken out at Braga with
reference to the movement of some breadstuffs that
were being carried to Oporto. The military escort of
the grain and the people came to blows, and a con-
siderable number of the latter were wounded.
The fall in Metropolitan Railway Stock yesterday
Was attributed to a statement that Mr. Parsons, the
chairman, had been summoned before the Court of
Chancery to show cause why he should not be com-
mitted for contempt of court in having declared a
dividend at the rate of 5i per cent. per annum, in
face of the injunction granted by Vice-Chancellor
Wood.

A combination is said to have been effected by
Which the Credit MObilier of Paris, the Credit
Mobilier of Spain, and the Northern Railway of Spain
are likely to be liberated from some portion of
the engagements by which their activity is now
paralysed. The obligations of the Northern of
Spain are to be withdrawn, and 326,000 new
obligations emitted. The proposal is now before the
Spanish Government, and, if it is anpinved
adopted by the present holders, it will enable the
Northern of Spain to relieve itself from the Credit
Mobilier of Spain, which, in turn, will disengage
itself from the Credit Mobilier of Paris, by buying
back the 57,000 of its shares held by the latter.
The following is from Messrs. Jackson and Till's
Monthly Rice Circular

"SinCe the issue of our January Circular, we have expe-
rienced a steady demand, and a gradually hardening market,
I the value of soft grain descriptions having increased !sd
to 3d per cwt. With one or two exceptions, where the
Parcels bought were for export, the whole of the business
has been on cleaner's account, the demand for cleaned rice
having considerably revived, both for export and the home
trade. For floating carges full prices have been paid,
notwithstanding the lateness of the shipment, when the
quality is usually inferior, and for spring shipment fully 6,1
Per cwt. advance has been realised in one or two cases for
Moderate size cargoes. The latest telegrams from the rice
Ports give the opening prices for the new crop as follows—
Larong 4s 9d, Necransie 5s 3d, Rangoon 53 10d to 6s per
cwt., f.o.b. Freights ruling at .C 4 5s to ..-C4 lOs per ton.
At these rates Necransie would stand in about lOs 9d to 11s
Per cwt., and Rangoon lls 6d to 11s 9d per
cwt., Continental terms. Should the Abyssinian
expedition not terminate before the summer, we do
not anticipate any decline in these figures, as the
scarcity of tonnage will operate materially against
excessive supplies of rice coming forward to Europe. A
cargo of 1,400 tons of Saigon rice has been sold at lls
for Bremen, without guarantee of quality. In fine white
Bengal further sales have been made at from 163 to 17s per
cwt. ; but, owing to the inferiority of this season's crops,
judging from the samples already to hand, buyers have
lately abstained from further operations until actual over•
land samples of each parcel are shown. Madras rice has.
slightly declined, there being sellers now at lls 71d to 11.-
Pd per cwt. The quantity now afloat for Europe is 50,49.9
tons, against 11.527 tons last year, and the stock here Is
17,471 tons against 26,150 tons.
The following is Messrs. Layton's circular, dated
last night, in reference to the February indigo sales:—
" The first periodical sale of the year, comprising 4,854
chests, commenced this morning. There was a fair attend-
"lee of buyers from the country, but scarcely any from the
Continent. Compared with the auctions of October, prices
may be quoted as follows :—Bengal, 8d to 10d advance ;
Oude and Plant Oudes, 61 to 8d ditto ; Madras, 4d ditto ;
Xurpah, 8d to 10d ditto. Of the 1,140 chests which
Passed the sale to-day, 585 chests were sold, 193 bought
lb, and 362 chests withdrawn."
Mr. Effingham Wilson, of the Royal Exchange, bas
published an exceedingly valuable work under the
designation of "A Comprehensive Analysis of the
Capital and Revenue of the Railways of the United
Kingdom." The author is Mr. H. E. Bird, accoun-
tant, of Gresham-buildings, Basinghall-street,who has
brought to this subject the benefit of a wide
practical experience, the result being a series of tables
which afford a complete view of the position of every
railway in the United Kingdom, down to the half-
year ending June last. We commend the work to
favourable attention, as indispensable to every class
and every interest desirous of ascertaining for them-
selves the true conditions of a property in which
Capital is invested equal to more than half the princi-
pal of the National Debt.
„„The total quantity of rice afloat for Europe as
pi'0,409 tons, against 11,527 tons in the corresponding
eriod of last year. During the past month soft grain
as_advanced lid to 3d per cwt.
The indigo sales now in progress, as compared with
the, Price of Bengal, 6d to 8d in Oude and Plant
'les) 4d in Mulras and 8d to 10d in Krpah
The d
657 e iveries of tea in London for the past. week
stils tinted to 2,690,4341b5, being a decrease of
tinted
as compared with the previous week.
elv't:e present stock of tallow in London is 33,729
c..(-1 against 36,632 cwts. for the corresponding
of last year ; 42,593 in 1866 ; 48,039 in 18658
'.h4Q 62,845 in 1864.

BRITISH FUNDS —T W 0 O'CLOCK.
* CIOVERNMENT FUNDS.
u Per Lent. Consols
a Do. Account, March 5 931 f
IsiPer Cent. Reduced 931 f
KT", 3 per Cent 93i i i
"I,lc- 2f per Cent. Jan. 1894 —
•"°. 5 er Cent. t 1 an. 1873 —
Annuities, SO yrs, expire sth Jan., 1880 —
11,0. for 30 yrs, expire sth April 1885 —
"0 (Red Sea Telegraph), Au
~ 1908 —
-.4eilc`louor Bills, .£l.OO — pm
,000, 2 St 2Cper Ct — pm
B 1)°• £.3
£lOO & £2OO — pin
mlk pe of Engles
d Stock, 41 per Cent 248 50
• Account
/10.1NhIAN GOVERNMENT SECURITIES.
Llo3U.A.tock, 10f per Cant., April 1874 —
Do; ccount
5 Per Cent. July, 1880
~
o_.: 4..<,
Certificatesper e c Cent., t. , Oct. 1888
10q 1
il!• tnfaced Paper 4 per Cent B7l 1.
ouo• Per Cent., Jan. 1872
Do' `1" er Cent., My 187
PePr Cent., Bopa D . eb.,9 1872 108;
4,7,0 i :01).• 1
do. 1877 lO3l
do. 1884
5 per °eat., Aug. 1873