The Sun.
London, England, 1868-03-26 00:00:00

XONEY MARKET

AND
OMMERCIAL INTELLF3EI4OII,

CITY, TWO O'CLOCK.

The Stock Markets are without improvement from
last night's prices, though the tone continues steady.
Railway shares are, on the one hand, supported by
the large increase in the traffics of the leading lines—
notably, the Great Eastern and the Brighton ; and
On the other, they ..are prejudiced by the ex-
tremely indefinite and unsatisfactory character of the
roceedings at the Metropolitan meeting yesterday.
.-uhe immediate fall of 1 per cent. is not recovered.
Great Luxembourg Shares, the probability of their
being no dividend for the past half-year having been
Inore than discounted, have advanced, a movement
warranted by the increase in the receipts all this year.
Foreign Stocks and the funds are quiet, and Ameri-
cans fiat.
rhe Discount Market is strengthened by the
revenue payments, and by the arrangements inci-
dental„r to the close of the quarter. At the bank in
Lombard-street the demand is active. The rate is 2
ner cent,
The Funds are rather dull. Consols are without
change at 93 to 931 fCtr money and account. New
and Reduced Three per Cents., 91i to 92 ; India Five
Per Cents., 114 to 114 ; Exchequer Bills, Os to
14s prem.
The Foreign Stock. Market is firm, but with
little business. There is an advance of kin the
l-137Ptiatt Railway Loan at 90k to 91 , and in Greek
at 121 to 13 ; and of 11,- in Mexican, at 15; to 16 ;
ll:sew Spanish at 352- to 35i ; and Turkish (1865),
43k to 33-k ; the Viceroy's 7 per Cent. Bonds and
the Orel-Vitebsk Russian Loan are -?? lower, the for-
Itter beim). 731- to 73k, and the latter 794- to 79i ;
Italian keeps steady at 46K to 47-1 ; Egyptian (1864),
87 to 88 ; Viceroy's 9 per Cents., 89* to 89/- ; and
Peruvian, 78 to 79.
The certificates of the Foreign and Colonial Trust
are 1 prem.
The new issue of Metropolitan District Railway
stock is 3 to 4 prem.
In Foreign railways, Great Luxemburg, which were
very flat yesterday, are firm at a recovery of a, being
quoted at 81 to 9. Lombardo Venetian Railway, 141
``) 15.

American Securities are flat. United States 5-20
Fonds are 4lower, at 714 to 724. Erie Shares show
decline of 1 per cent., at 45 to 46 ; and Illinois k,
at 89 to 90.
English Railway Shares are dull, and the changes
in prices are unimportant. Great Northern is is lower;
the A stock ; and Midland, South Eastern, -London
and North Western, London Brighton and South
toast, 4 each. On the other hand, Manchester,
Sheffield, and Lincolnshire is 1 better ; and
great Eastern, Great Western, Caledonian, and
Metropolitan each. The following are the quota-
tions ;---Lancashire and Yorkshire, 1251 to 1251 ;
105 to 1054 ; South Eastern, 724 to 73 ;
London and North Western, 1144 to 115 ; Great
Northern, 1044 to 1055 ; ditto (A), 995 to 1004 ;
Great Eastern, 321 to 32/ ; Great Western, 465 to
C; London, Brighton, and South Coast, 49 to 49i ;
ledonian, 791 to 791 ; Metropolitan, 1134 to 1131 ;
ditto Extension, 1064 to 1074.
Bank shares are again extremely quiet and not a
single variation is noticed in prices. Agra (A shares),
19 to 105 ; Alliance, 134 to 124 dis. ; Anglo Austrian,
It to 4f prem. ; Chartered Mercantile, 285 to 29 ;
ieperial, 17 to 175 ; Imperial Ottoman. I. dis. to
1,134,r. ; London and County, 51 to 52 ; London and
estminster, 67 to 68 ; Oriental, 42 to 43 ; London
ueint Stock, 31 to 32 ; Union of London 32 to 33.
Foreign Mining shares are without change. St.
u,':111a1 del Rey is quoted at 185 to 195 ; Port Philip,
If to 14 ; Chontales Ito dis.
The dealing in Miscellaneous Securities are merely
4,enlinal, and prices are for the most part without
change. Anglo-American Telegraph, 214 to 224 ;
Atlantic Telegraph 8 per cent., 5 1-16 to 5 3-16 ;
Pore-street Warehouse, 25 to 14 dis. ; Hudson's Bay
leadY at 14' to 14i ; Loudon General Omnibus,
to 2. 4.
At the annual meeting of the members of the
fl,eliance Life Assurance Society, held to-day,
the directors report stated that 652 new poli-
fties were issued during the past year, assuring
222,945, and producing £7,894 18s 3d in premiums.
he total income from premiums and interest was
-'65,938 18s 9d. The excess of assets beyond the
tociety's requirements amounts to £29,857 16s 10d to
e appropriated as a bonus less the usual reserve.
About £lO,OOO in bar gold was yesterday sent into
the Bank.
The report was revived in Paris yesterday that the
tew French Loau will be for £28,000,000 sterling.
The works on the Delhi Railway are progressing so
satisfactorily that it is expected the section from
Meerut to Umballah, upwards of 120 miles in length,
Rill be ready for traffic by the Ist of January next,
and that from Umballah to,Loodianah, about 65 miles,
Z.,73' shortly after the commencement of the year.
hen these sections are completed there will be 227
miles of line in full operation from Delhi. towards
Lahore, leaving only 57 miles to complete the con-
teetion with the Punjaub section from Uturitson
t 0 the Bias.
, A call of £lO per share, payable the Ist of April,
as been made by the official liquidator of the Finan-
cial Corporation (Limited).
MAt the meeting yesterday of the United Mexican
ininga. Company, a resolution to authorise the
4I rectors " from time to time to call a meeting
call shareholders for the purpose of making such
eon the shares of the company, provided that the
;ll's do not exceed 5s per share in any one year, and
;he total amount so called shall not exceed 15s per
Ire)" was unanimously agreed to. The object of these
"'us is for the acquisition of new mines, and for the
general extension of operations.
The St. John del Rey Mining Company's directors
nave issued a circular containing the latest advices
front the mines, as well as an account of their
'
financial position. After deducting all expenses,
t;hiding the manager's drafts to June next, the
jaiStice in hand is £11,242 16s sd, which will be
~,ee,reased to £19,242 16s 5d by a remittance of
Iti due in May. The advices from the mines are
be the 17th February. The noxious vapours had
been expelled from the mine, and examinations
fliviTve the surface of the debris were being care-
made. It was thought that two further
lininations would enable the Mine Conference to
odetermine whether it would not be practicable to
seh the ore ground in the upper part of the East
13reehveedit-throngh the existing excavation, which, if
4[l4eticable, would occupy much less time than a new
ioaft• More regular results from the Gain Mine are
eked for in March.
,h
directors of the lonian Bank have declared a
of"idend of the half-year ending December 31st at the
te
A of 6 per cent. per annum, and a bonus at the rate
9t,;* Per cent. per annum. Both are payable on the
Bth
April.
ifs the traffic receipts of the Bahia and San Francisco
aTql‘vay Company for the week ending February 15
Messrs.
an increase of £345.
tomessrs. E. F. Satterthwaite's weekly review of the
111011 market for American securities is as follows:
usiness on the London market in American
itl'enrities has during the past week been extremely
tioaetive, and the variation in prices of most descrip-
kil,6l of stocks is little more than nominal. United.
tioe''es Five-Twenty's of both kinds are without altera-
yl) 1862's being 72 to 721, and the 1865's 71 to
Illinois Central shares are steady, at 895 to 90.
to 47shares, after being depressed to 454, recovered
; but do not close at the best, owing to lower
ile,totations to-day from New York ; the final price
oore is 464- to 464. Atlantic and Great Western
tionolidated. Bonds have given way 1 per cent.,
tii:lng 28 to 29, and the debentures at 265 to lin
'lf decline of per cent."

BRITISH FUNDiII —TWO O'CLOCK.
I Dr FUNDS.
yr Lent. Consols
S °. Account, April 2 934 3
ktsr Cent. Reduced 92 14
914 2 14 i
4:10:::21.
ttiP percent Cent. Jan. 1894 — ,
kb per Cent. J an. 1873.. —
80 yrs, expire sth Ja.n., 1880. xc
Do for 30 yrs, expire sth Aril 1885 —
(Red Sea Telegraph), Au.., 1908 9
Da—
Doer Bills, £l,OOO, 2 per Ct.
£5OO — 11 h i.. P
bo £lOO & £2OO — 131
4:13k of ilngland Stock, 44 per Cent Shut
5. Account
111 •nDIAN GOVERNMENT SECURITIES.
Da .tuck, 104 per Cent., April 1874
If. Account
13°' 5 per Cent. July, 1880
1:1,1 per Cent., Oct. 1888
bo" Certificates
Do' Enfaced Paper 4 per Cent BB
bo"' 5 per Cent. Jan. 1872
)3 5i per Cent., May 1879 lOB4
5b • , per Cent., Rup. Deb., 1872 —
do. 1877
b„B0- do. 1882 —
1)0' ''eb., 5 per Cent., Aug. 1873
1)0 1300ds, 5 per Cent., £l,OOO
• under £l.OOO
dr FORKIGN FUNDS—TWO CLOCK.
k'lnt*
L-liit,,, thii
e Republic, 6 per Cent. —
'll i, Rends, 5 per Cent. 1859
(14.1.1,1 5 per Cent
b '1 Per Cent.,1852
0.
bc„. do„ 18;8
b do. 18 ;0 —
bc'' do ' 1863 —o. .
b - Per Cent. 1865
114 5 Aec'
ho (flint 72
r, I) 4 / 4-Yres 6 per Cent —
b
b,„4 -d)er Cont. (Doferred 3 per Cent.)
v
1-„ ' Per Cent
13101 Per Cent 67
1)0'
~,9. per Cent —
130' ' Per Cent, B • •—•
1)01 , 1867
.' ' per ,Cent., 1860 —