The Sun.
London, England, 1868-02-06 00:00:00

MONEY MARKET

AND
COMMERCIAL IFITELLIGENnB,

CITY, Two o'CLocK.

The Stock Markets are showing considerable firm-
ness in the chief departments. The Funds have im-
proved, and they are showing advancing tendencies.
As to Railways, they are generally somewhat strong,
and per cent. higher, with the exception of Metro-
politans, which have fluctuated, and are now below
the price at which the stock closed yesterday. Fo-
reign Stocks are steady at the best quotations of
yesterday, and they are showing a disposition to-
wards further improvement. Business generally is
inclined to become more animated, especially in the
Funds and Railways.

The Discount Market is unaltered, with rates at
11 per cent., and exceptional business at 11 per
cent. The transactions at the Bank continue on a
very limited scale.

Consols are firm, at an advance of f, being quoted
at 93} to 931 for money. New and Reduced
Three per Cents., 934 to 934; India Five per Cents.,
1114 to 1121 ; Bank Stock, 247 to 219 ; Exchequer
Bills, 20s. to 255. prem.

Foreign Stocks are firmer, at an average ad-
vance of to 4on last night's prices. Italian (1861)
Bonds, at 431 to 43i. ; and Turkish (1865), at 321
to 32/, are f better; and there is a recovery of i
in Mexican, at 15} to 16}; in Greek, at 13 to 13} ;
and in Portuguese Scrip, at 11 to 1f prem. New
Spanish Bonds are 361 to 37 ; Peruvian, 77 to 771;
Venezuelan, 19 to 21; and Egyptian Railway De-

bentures, 92f to 93g.
The New Honduras Loan is firm, at to 11
prem. _ _ _

- Egyptian Nine per Cent. Bonds continue in re-
quest, and are firm, at 891 to 90f.
_

_
Colonial Bonds are without movement. Canada
6 per Cents. are quoted at 99 to 101; Mauritius
6 per Cents., 86 to 87. New South Wales, 99 to
101; New Zealand 6 per Cent., 108 to 110 ;
Queensland 6 per Cent., 1031 to 1041.
In American Securities, United States 5-20 Bonds
are steady, at 711 to 72. Erie Shares are lower,
at 47 to 48 ; while Illinois are IV higher, at 87
to 88,

Atlantic and Great Western Railway Debentures
have receded +, to 27f to 28, and the Consolidated
Mortgage Bonds 1, to 25f to 26.
English Railway Shares are all better. Metropo-
litan at first rose to 112 k, but they are now 110/.
There is an advance of 1 in Great Northern A, at
108 k to 109}; of 1 in Caledonian, at 78 to 79 ; of
in Great Northern, at 108 to 109, and in Lon-
don and South Western, at 87 to 89 ; of 1
in North British, at 36} to 37 ; in London and
North. Western, at 119 to 119 f ; in South Eastern,
at 70k to 72 ; in Midland, 106 k to 107 ; and in
Lancashire and Yorkshire, at 126} to 127. Great
Eastern, 311 to 318 ; Great Western, 45f to 46 ;
Brighton, 46+ to 46/ ; and Sheffield, 43+ to 43/.
Bank Shares are steady. London and West-
minster are quoted at 67k to 68} ex div. ; London
and County, 53 to 51 ; Imperial Ottoman, 1 to / dis. ;
Imperial Bank, 17 to 18 ; Consolidated, / to f
prem. ex div. ; Oriental, 42 to 43 ; London Joint
Stock, 33f to 34} ex div. ; Union of London, 33}
to 34f ; Chartered Mercantile, 27f to 28k ; Agra
(A shares), 11 to llf ; Alliance, 13 to 12 dis.

Finance Shares are extremely quiet, and prices
are without change, except International Finance,
which are * better, at to 11 dis. Credit Foncier,
3/ to 31. London Finance, 23 to 22 dis. General
Credit, 21 to 21 dis. ex div.
In Miscellaneous Shares there is little doing, and
prices are without particular change. Atlantic Tele-
graph Eight per Cents. are 1-16 better, at 5 1-16 to
5 3-16 ; ditto Ten per Cents., par to 1 prem. ;
Egyptian Trading, 41 to 41 dis. ; Hudson's Bay,
141 to 141; London General Omnibus, 1 to 11;
Ocean Marine, 14/ to 15/ prem. ex div.
St. John del Rey Mine shares are 19/ to 201.

CITY, TWELVE O'CLOCK*
A further sum of £187,000 has been withdraw')
from the Bank for export, making £529,000 since the
last return.
The biddings for £200,000 Tndia Council Bills
yesterday showed a further falling off in the demand.
The amounts allotted were:—To Calcutta, £192,000
and to Madras, £7,900. The minimum price was
fixed at is 1011 on Calcutta and Madras. Tenders at
that price on these presidencies will receive about 44
per cent.; those above will be allotted in full. No
tenders on Bombay were invited.

The dividend of the Salisbury and Yeovil Railway
Company is at the rate of 7 per cent. per annum,
carrying forward £3,8-13.
The ordinary half-yearly meeting of the London and
North-Western Railway Company has been called for
the 21st instant, after which the meeting will be made
special, for the purpose of authorising a subscription
towards the undertaking of the Carnarvon and Llan-
beris Railway Company, not exceeding .£BO,OOO ; also
to authorise the directors to exercise the borrowing
Powers of the Company to the extent authorised by
the Company's Acts of Parliament.
The Potteries, Shrewsbury, and North Wales
Railway have filed a scheme in the Court of Chan-
cery of an arrangement between the company and
its creditors. The plan provides for raising a
sun not exceeding £70,000 by debenture stock, to
meet liabilities and to complete certain works ; for
converting the mortgage debt into debenture
stock ; for the issue of £60,000 in ordinary shares and
£l9, 800 in debenture stock, to meet certain other
liabilities ; and for raising £200,000 by debenture
stock and preference and ordinary, for certain other
Purposes. The new capital required is therefore
349,800, besides an indefinite further sum," for
which power is asked. The scheme filed by
the Mid-Wales Railway " contains provisions for
converting the mortgage debt of the copny into
debenture stock, or for renewing such mortm gaage debt
for a period of ten years, for raising further loan
capital by debenture stock, in satisfaction of the
;°inpany's liabilities, and for raising further share and
.wati capital, or either of them, for the construction
of the railways, authorised by the Mid-Wales (Western
Extension) Act, 1865."
The Birmingham Town and District Banking Com-
PanY announce an interim dividend of 7s per share.
~ The directors of the Wandsworth and
.Putney (las-
light and Coke Company have convened the ordinary
general meeting of shareholders for the 24th inst.
The ordinary half-yearly meeting of the Charing
Cross Hotel Company has been called for thn 24th
inst.

The following is from Messrs. E. F. Satterthwaite
and Company's weekly circular :
, "Business in the London market for American securities
4aB since our last been on a restricted scale. The uncer•
tainty as to the course Congress may take on the great ques-
?lon of finance is causing an uneasy feeling, and is prevent.
lag that steady absorption of United States Government
bonds which had for some time past been going on. Five-
Twenties Bonds close dull, at 711 to 72. For Illinois shares
there continues to exist an active demand, chiefly on Dutch
account ; they have improved about one per cent. on the
Week. Eries are neglected ; they close flat at a decline of
one per cent. The recent demand for Atlantic and Great
Western Bonds is maintained. Divisional Bonds have be-
come scarcer and difficult to procure ; Consolidated Mort-
gages are firm at an advance of one per cent., closing 25i to
264 ; and the Debentures have improved to 28, on some
Purchases to close 'Bear' operations, and on the increased
11arket value of the Divisional Bonds lodged as part security
at the Bank of England."
Letters from Antwerp to the Ist instant give rather
lk,_favourable account of the business done there in
re course of the week ending with that date. There
has beets an increased demand for foreign products
gatierally, the supply of which in several articles proved
port of immediate requirements.

BRITISH FUNDS—TWO O'CLOCK.
8 GOVERNMENT FUNDS.
per "'out. Consols
8 '-'O. Account, March 5 931
,Per Cent. Reduced 931 1
ii.elv 3 per Cent 931 1
New 21 per Cent. Jan. 1894 —
A —I). per Celli,. d an. 1873 —
11,111tities, 80 vrs, expire sth Jan., 1880 —
,go. for 30 yrs, expire sth April 1885 —
E :',? (Red Sea Telel,,raph), Au„., 1908 l9l
seuerinqr Bills, .£l,OOO, 2& 2i per Ct.
Do
£5OO — pm
ta uo• £lOO & .£2OO — Pm
,t;., of England Stock, 41 per Cent 250
"Jo. Account
I A 1N1)IAN UOVERN2dENT SECURITIES.
111 aft Mock 101 per Cent. April 1874 —
U°: Account '
Do., _
. 0 per Cent. July, 1880
bu. 4 per Cent.. Oct. 1888
Di,o. Certificates
o; Enfaced Paper 4 per Cent B7
b`4. 5 per Cent., Jan. 1872
11,* 5i Per Cent., May 1879 —
''' ' Per Cent., Rup. De b., 11887727 —
Do.
do.
Do 1:1° do. 1882 —
Do, Poub., 5 per Cent., Aug. 1873
b_J,, nds, 5 per Cent., £l,000
u. under £l.OOO
4.r FOREIGN FUNDS—TWO CLOCK.
dust gelatine Republic, t per Cent
iti
_
Bra 44 Bonds, 5 per Cent, 1859
--"44.14 b per Cleat _.. tttttttttt 1111111111 ttttttt