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

MONEY. MARKET

AND
:!OMMERCIAL INTELLIGENCE,
_ _

CITY, 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 in 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 band
American stocks 'are heavy and lower, owing to the
cable advices from New York.

The Discount Market is quiet at 11 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 93i for money and .account ; New and Re-
duced Three per Cents., 93g to 931 ; India Five per
Cents., .112 to 1121; Bank Stock, 248 to 250:
Exchequer Bills, 12s to 17s prem.
The Foreign Stock Market is firm. Italian (1861)
Bonds, however, are a point lower than Saturday's
final price, being quoted at 453. to 45k. Turkish are
animated, and the 1865 Bonds are higher, at 33/ to
33a. There is an improveMent of in Peruvian
(1865), at 75!-T to ;of in Mexican, at 15i- to
161 ; 'and in Greek, at 121- to 13 ; and of in New
Spanish, at 36/ to 36k. Portuguese are quoted 39i
to 40 ; Russian (1862), 85 to 86 ; Egyptian Nine per
Cents., BS2 to 891 ; and ditto (1864), 87i to 88k.
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
p. emium.

American Securities are flat. United States Five-
Twenty Bonds are lower, at 71/ to Erie Rail-
road is quoted at 44 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 ±
in Caledonian, and of *in Chatham and Sheffield. The
prices current are :—Lancashire and Yorkshire, 127 k to
128; Midland, 1071 to 107/; South-Eastern, 73 to 73f ;
London and North Eastern, 118. to 119 ; Great
.Northern (A), 108 to 109 ; Great Eastern, 30 to 30} ;
Great Western, 451 to 46± ; Brighton, 46 to 46i ;
Sheffield, 42 to 42 ; Metropolitan, 111 k to 1111 ;
Caledonian, 84 to E34* ; North British, 34f to 35* ;
and Chatham, 181 to 19i.
Bank shares are without change. Alliance, 13* to
12A dis ; Anglo-Austrian, 31 to 41 prem. ; Char-
tered Mercantile, 28 to 29 ; Consolidated, to l prem.
ex div.; Imperial Bank, 17f to 18 ; London and
County, 52 to 53 ex div. ; Oriental, 42 to 43 ; Lon-
don Joint Stock, 34 to 35 ; Union of London,
34 to 35.

In klnance Shares Credit Foncier is dull, at 3 to 31,-;
General Credit k lower, at 3 to 24 dis.; International
Finance, 2i to 11 dis.; London Finance, 24 to 23 dis.
Foreign mining shares are dull. Chontales,
worse, at 11 to 14 dis. ; St. John del Rey, 17 to 19 ;
Port Philip, 1i to li.

•Miscellaneou-s Securities are extremely quiet.
Anglo-American Telegraph, 191 to 19i ex div. ;
Atlantic Telegraph 8 per Cent., 51- to 5i • Hudson's
Bay, lower, at 14± to 14i ; Ocean Marine, 14
to 16 ; National Discount, 101 to 11k.
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 occasion, 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-
ment 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 11d, comparing with £12,092 2s 2d fur
the corresponding nine days of 1866.
The directors of the Anglo-Argentine Company
(Limited), have made arrangements with Mr. Barnard,
formerly connected wit-h the works, to proceed to
Mario, and take a legal transfer of the works, &c.
Mr. Barnard has selected the requisite stores, which
Will be shipped without delay. Mr. Barnard leaves
by the steamer, from Bordeaux, on the 29th inst.
Mr. 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 be
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 :

Name of Mine. Subscribed Capital. Dividends up to Nov 1867.
Cosmopolitan £5,986 0 0 .. £128,944 5 oin °years
iCoh-i-noor
Irnitedßandof Hope 32.000 0 0 .. 361,600 0 oin 314 years
Great Redan
Sir W. Don 2,000 0 0 .. 130,500 0 oin 2 years
Newington Freehold 6,500 0 0 .. 45,000 00in 14 mons.
Western Freehold
Defiance
Nelson &Wellington 18,658 0 0 .. 187,357 0 oin 6 years
Albion ..
Prince of Wales
ZUttinyong