The Sun.
London, England, 1868-03-05 00:00:00

MONEY BIARKET

AND
COTAMERCIAL INTELLIGEDICE,

CITY, Two o'CLocI.
The stock markets are quiet still, and without
Material alteration in the leading prices. The funds
opened flat, Consols being if per cent. lower, but
there is now no variation from last night's prices.
Mexican and Italian securities are in more requgst, at
a slight advance. The substantial rise in Erie Shares
being maintained in New York, is, of course, reflected
here, and the prevailing opinion is that the circum-
stances causing it justify the improvement. In rail-
Ways there is not much feature, except that the public
continue to keep aloof. Lombardo-Venetian Railway
and Imperial Ottoman Bank Shares are flat, but on
advices by this mail St. John del Rey shares have
improved.

The increased discount demand which has now pre-
vailed for a week past continues, and the rate for the
best commercial paper is still Isif to 11 per cent. The
supply of money is less abundant.
The Liverpool Cotton Market this morning opened
• buoyant, and id dearer.
Consols are steady at yesterday's prices, 93 to
935 for money and account ; New and Reduced 3 per
Cants , 914- to 92 ; India 5 per Cents. 1121
to 113,1 ; Bank Stock, 240 to 251 ; Exchequer Bills,
105 to 155 prem.
Among foreign Government securities, Mexican
have advanced f, and Italian it ; otherwise the market,
though steady, is without change. The quotations
are :—Mexican, 151 to 151 ; Greek, 12i to 121 ; New
Spanish,
352- to 36j- ; Portuguese 39f to 391 ;
Turkish, 34 to 325 ; Italian, 445 to 451 ; Rustiian
Railway, 761 to 77i ; Egyptian (1864), 86 to 87;
ditto Railway Loan, 905 to 91-& ; Viceroy's Seven per
Cents., 731 to 74i- ; and the Nine per Cents., 885 to
895 ; Brazilian (1865) are 71 to 72.
The New Honduras Loan is /, 1} prem.
American securities are quiet. United States' Five-
Twenty Bonds are quoted at 715 to 711. Erie Rail-
road are further improved at 47 to 48. Illinois
unaltered at 89k to 1.
Atlantic and Great Western Railway Debentures
have receded ,t 026 to 26k, but the Consolidated Mort-
gage Bonds are steady, at 261, 271.
The variations in railways are unimportant. There
Is an advance of f in North British, Great Northern
A, and London and North Western, and of in
Great Western ; and a full of f in Sheffield
and Caledonian ; and of * in Metropolitan and
fiouth Eastern. The quotations are :—Lancashire
and Yorkshire, 1251 to 1261 ; Midland, 1061
to 1071 ; Smith Eastern, 72k to 73 ; London
and North Western, 1151 to 1161 ; Great Nor-
thern, 106 to IQ7 ; ditto A, 104 to 105 ; Great
Eastern, 291 to 30 ; Great Western, 451 to 46,E ;
Brighton, 48f. to 44; Sheffield, 41 to 415; Metropo•
litan, 1111 to 111/ ; Caledonian, 82 to 825 ; and
North British, • 34f to 341.
• The dealings in Bank Shares continue to be very
limited, and the only quotable change in prices is a
fall of in Imperial Ottoman, which are now quoted
at to f dis. ; Alliance, 14 to 13 dis. ; Agra (A
shares), 105 to 11 ; Chartered Mercantile, 285 to 295;
Imperial, 17 to 18 ; London and County, 52 to 53 ;
London and Westminster, 675 to 685 ; Union of
London, 34 to 35.
Finance shares are extremely quiet. General
Credit, 21 to 25 dis. ; International Finance,
2f to 11 dis. ; London Finance, 26 to 24 dis.;
Credit Foncier, 2/ to 35.
In Foreign Mining Shares the principal feature is
an advance of k in St. John del Reys, the price being
165 to 175 ' • Port Philip, 11 to 1i ; Choutales steady
at lf to 15 dis.
Miscellaneous securities are without feature, mid
Prices generally are without change. Anglo-Ameri-
can Telegraph, 20 to 20i ; Atlantic Telegraph, 5g to
; Pore-street Warehouse, 15 to 1 dis. ; Hudson's
Bay dull at 145 to 141 ; London General Omnibus,
15 to 2.
0.335' the present mail the Angto-Brazilian Gold
''-`joing Company have received a remittance of 591
clinees of gold, and the Don Pedro North del Rey
2,483 ounces.
The sum of £41,000 in gold was withdrawn trom
the Bank yesterday, including £16,000 in bar gold,
and £25,000 in gold coin for Egypt. The operations
_hi,alhe
c,ethe date of the last return comprise a withdrawal
of £273,000, against £21,000 sent in.
wiTship Sarah Grice has arrived from Melbourne
1fv1111.E14,500 in gold, and the Tasmanian with £38,000
rom the Brazils.
The biddings for bills on India were held yesterday
at the Bank of England. The amounts allotted were
to Calcutta, £196,000, and to Madras £9,400. The
Ininintum price was fixed at is 102 d on Calcutta and
aladraa Tenders on those presidencies at is lid
will receive about 22 per cent, and those above that
Price will be allotted in full. No tenders.on Bombay
were invited. These terms show a revival 'in the
demand for remittances to India.
The ordinary general meeting of the Merchant
Banking Company has been called for the 19th inst.,
to receive the directors' report and to declare a divi-
cletid.
The gross receipts of the Atlantic cable for the 2S
1:143's of February amounted to £39,937, comparing
With £25,215 for the same Month last year.
The traffic receipts of the Bahia and Sau Fcancisco
Railway for the week coding the 25th of January
amounted to £B9O 17s 10d, being £ll9 13s 81 more
than for the corresponding period of 1867.
....Tinhe following is from the Rossa Grande Gold
°ling Company (Limited) :—Mr. Ernest Ililcke
reportsre (under date the 31st January) : The works
ping on satisfactorily, all possible speed is
making
ainkit's the air shaft, the turn from the adit to the
level is completed, after Which the sloping was con-
ned for a few days, but the want of ventilation has
put me to the necessity of suspending these works
will
the shaft is communicated with the adit ; this
_will take about four months. Our produce for this
onth therefore, I fear, will not conic up to the half
ofm
the December one, and unless we intersect with a
I,l?ri'd lode in sinking the shaft or driving the level, it
is ?'-'ll continue low till the above-named communication
carried out. The proceedings of the Bahu Mine, as
Well as the Jacolinga Exploration, are going on well.
The following is Messrs. Durant and Co.'s silk
Circular :—" We have a fairly current market in silk.
°f du
noticed in our circular of the 7th ult.,
action du anxious watching of the matket with a view to
as soon as it was felt that the right moment had
,riv_ed,' soon brought forth fruit, and throughout the
have had
with occasional short hesitations, we
had full current business—without any general
quotable advance, still in many cases improvement of
28u.es might be detected without difficulty—and the
deliveries
now doing is at the extreme rates. The
"aslrveries are highly favourable, the largest for the
t two years, sufficient to prevent an increase
u
o_nt. stock, still no great affair, and as being
s_ 13' for one month it would •be premature to look
_upon them as any certain indication of a decided
,Change on the part of manufacturers to a return to
Rule use of Asiatic silk ; still there are not wanting
Inaptoms that such is really the case—whether, from
the comparative exhaustion of the supply of European
silk, or the very wide difference in price, or both
coo
bined, is not very clear, but in any case the
Prospects for the consumption of Asiatic silk would
ient more hopeful than for runny months. Japan
Thas shared in the general improvement of de-
accl, and probably in the stiffening of prices—the
butare good in proportion to the stock.
Vln
engal silk we have nothing particularly of moment,
fine silk, especially seems to feel the effects of
supposed diminution in the stocks of European

:The following is from Messrs. E. F. Satterthwaite
,11(1 Co.'s circular :—" We have had a tolerably
117 market in London for American Government
teell lies, with only moderate transactions. 5-20
th°eds have ranged front 7.11. to 74, closing exactly as
eis day week, viz., 71k to 74. In Virginia Six pet
Bonds there has been a marked improvement,
—1„1011 confidence being felt in the ability of the State to
proyi
~ de
.44„ the interest. For Illinois shares there con-
-1,,,_18 a steady demand, and the market being bare of
ot-i"",K) they bade improved a further one per cent.,
B'og exactly 89k. In Erie shares the fluctuations
dinar been violent, reflecting very much the extraor-
-4;14Y movements in New York. They close very
forol at 47i to 48. There has been a marked inquiry
to A)lantie and Great Western Consolidated Mortgage
bo:T and large sales could have been effected had it
The for the scarcity of bonds on the market.
have touched 271, closing steady at 26i to 7."

, BRITISH FUNDS—CLOSING PRICES
a „„ `4OVERIST2CENT rUNDS.
93 1 21 3i
""r tient Consols
B 1)0. Account, April 2 93
911 2 xd
Nte,,,r pent Reduced
•91 2 11 2i- xd
klab.." ‘‘ Per Cent
"" 1 per Cent. Jan. 1894 —
1)
104
A o• per COM. dan.1873
xd
VllitioB, 8° pre, expire sth Ja..1.,1818858.0 — ,o• for 30 y s,expire sth Apt i
1908 —__
Z ,"„° (Bed Sear Teelevaph), Au,.., —
pm
""rill r Bills, £l,OOO, 2 per et-
Inn
':) £5OO
pill
)3 t II?' £lOO ei £2OO
ntik 0. Paiglsnd Stock, 4i- per Cent —
—O. -Account
10(11•1-,,T)I4N GOVERNMENT SEcuurTize.
Do.'tt°ok 10i Cut AprillB74
D0,,,0. A_ , per e.,
bo •Ceoll.llt •
11?-1 13 1
• 11 Per Cent. July, 1880
104 "
' Per ent., Oct. 1838
1:1(()). Oortifleates
IN; rAffteed Paper 4 per Cent —l) • Per Cent., Jan. 1872
D
'' 0 per Cent RID Del,., 1879 —
tlo
I)(:).
1 do.u' 1877
1882 —
Deb,• do.
tie. Bond 5 Per Cent., Aug. 1873
/)_ s, 5 per Cent., .£l,OOO
.. under .£l,OOO
-...26,,,,-
.A. ,°RGIst PITNDS—CLOSING PRICES.
44161 tie Repubbe, 6 per Cent
',444 Ronda, 5 per Cent, 1859