The Sun.
London, England, 1868-02-26 00:00:00

MONET MARKET

AND
JOMMEROIAL INTELLIGENCE,

CITY, TWO O'CLOCK.

Inc fortnightly settlement commenced this morn
ing, and is almost the only feature of interest. The
accounts do not appear to be heavy, and the scarcity
of /took is less than for some time past. As a proof
of this, the backwardations current are few and very
light, with a tendency to still further decline. Metro-
politan opened with backwardation ;it is now less
than it. The Funds are firm, and otherwise the
markets are steady.

• _
Discounts are in moderate request at lb to 11 per

Gonsois are steady at yesterday's prices, 93 to 93*
for money and account ; New and Reduced Three per.
Cents., 9.4 003;4 ; India Five per Cents., 112 to
1121 ; Bank Stock, 24] to 251 ; India Five per
Cents. 112 to 1124- ; Exchequer Bills, 12s to 17s
prem.
In Foreign Stocks Mexican, Greek, and Brazilian
are firmer, and New Spanish are • flat. The prices
are :—Mexican, 154- to .16*-.; Greek, 121 to 13 ;
New Spanish, 36 to 36k; Italian, (1861), 454 to
45. ; Portngnese, 391- to 40 ; Egyptian (18($4), 86
to BTh ; Viceroy's 7 per Cents., 732 to 741 ; and
the 9 per Cents., 881 to 89.

In American Securities United States' Five-Twenty
Bonds arc steady at 71fr to 71:2 ; Eric Railroad is
better, at 44 to 45, while Illinois have fallen
at 87 to 88i.
atilways are quiet, but steady. great Eastern
and Midland are a shade firmer, but Great Northern,
Great Western, Brighton, Chatham, and Metro-
politan aro a point lower. The quotations now
current are :—Lancashire and • Yorkshire, 1281
to 129 ; Midland, 118 to 1181 ; South Eastern,
731 to 741 ; London and North Western,
1191 to 1191 ; Great Northern, 107 to 108 ; ditto
A, 108 to 109 ; Great Eastern, 30 to 30-i ; Great
Western, 45/ to 461 ; Brighton, 46 to 46:5 ; Shef-
field, 41A- to 42 ; Chatham, 18i to 19 ; Metropolitan,
114 to 113 ; and Caledonian, 85 to 85i.
Bank shares are quiet. London and County are
lower, at 52 to 53 ex div. ; and Union of London
at 33i to 3411 ; Alliance,- 13i to 12k dis. ; Con-
solidaied, # prom. ex div.; London and West-
minster,_67i to 68i. •

Miscellaneous securities are in little or no request,
and prices generally are unaltered. Hudson's Bay is
quoted at 14k to 14 ; London Gcnerb I-Omnibus, l
to 21--; Anglo-American- Telegraph, 13i- to 191-. ex
div.; Atlantic Telegraph Eight per Cents., 5 1-16
to 5 3-16. -

The Board of Trade returns for the month and
year ending the 31st December last were issued this
morning. The exports of British and Irish produce
and manufactures for December amounted to
£13,252,593, comparing with £14,914,5611 in the
same month of the previous yeiv, being a reduction
of no less than £1,661,970. For the year 1867 the
exports wore £181,183,971, agliinet £188,917,5203
in 1866, and £165,835,7.25, in 1865. So that
we sold to foreign countries last vicar £7,733,565 less
than in 1866. The real value of the imports is only
brought down to November. The total for that
mouth was £15,514,473, comparing with £17,841,738
for the same month in 1866, and £19,010,403 in
1865. The quantities in bond at the end of the year
showed a decrease as regards tea, tobacco, wine, sugar,
and spirits, and an increase as regards cocoa, coffee,
and fruit.

Messrs. Simon and Abraham Oppenbeim, beads
of the banEino. firm of Messrs. S. Oppenheim, jun.,
and Co., at' Cologne and elsewhere, have been
created hereditary barons of the Piussmn kingdom.
This is the first example of gentlemen of the
Jewish persuasion having been raised to this diwiity
in Prussia.

The majority of the creditors of Overend, Giurney,
and Co. have assented to the resolution pas;:ed
at the meeting on the 3d inst. in reference to the
acceptance of balance of claims in 4 per cent. pro-
missory notes, payable in six, twelve, and eighteen
months.

The harvest in California is promising an ini-
niense yield, and considerable anxiety is already
being exhibited at the probable insufficiency in ton-
nage.

There were no bullion operations at the. Bank
Yesterday. The exchanges were much the samo,
The Weser left Southampton for New York yester-
day with £30,000 in gold coin.
The failure is announced of Messrs. Smith Barry,
and Co., East India merchants, of Leadenhall-street,
Southampton, and Calcutta. The liabilities are esti
mated at .C 60,000, and the assets here and in India
are expected to realise 20s in the pound. The with-
drawal of capital on account of a deceased partner,
mid excessive shipments last year are said to be the
cause of the failure. The books are in the hands of
'Messrs. C. P. Kemp,. Cannon, Ford, and Co.
Mr. George Mule Gray, the chief accountant of the
Bank of England, entered upon the sixty-first year of
his service yesterday. Some of, his colleagues took
advantage of the occasion to present hint with a hand-
some silver epergne, in testimony of their personal
respect for him.

the following is Mr. Sam Menders weekly circular,
Gated Manchester, Fob. 25 :—"Durinfr the latter
part of the week just chred this mail 't assumed a
quieter and somewhat irregular tone. This morning
the depression had increased, but since noon there•is
a better feeling with transactions on a free scale,
chiefly re-sales at about five per cent. below producers
prices, and on these terms such lots are rather pressed
forward. The general tone of the market both for
yarns and goods is fairly steady, and at the close of
business the feeling is rather inclined to firmness."
The following is an extract from Messrs. Layton
and Co.'s tea circular :

" The improved demand reported in our circular of the
Bth inst. continued with more than ordinary excitement
during the early part of the past fortnight, and a large
business was done in the common to medium kinds of
black tea at full to advancing prices ; recently, hoe ever,
the market has assumed a less buoyant character, and at the
close the home trade buy more sparingly at the higher
limits required by importers. The demand for fine Monings
for the Russian market has been renewed to some extent,
about 3,000 chests having changed hands at from is lid to
2s 3d per lb. Fine Kaisows continue firm, but sales have
been mostly effected in the useful qualities of third crop tea
at from is 5d to is 7d per lb. Foochow dust and Fannings
maintain the late advance. New district Congons from
Canton, chiefly in boxes, have met a fair sale at quotations;
those of old import, in half-chests, realized is 21d to is 3d
per lb. Scented teas show no material alteration in prices ;
large transactions have taken place in Canton Capers and
Orange Pekoes, but Foochow qualities, except the finest,
are difficult of sale and rather cheaper. The demand for
green teas has been quiet, and further parcels of Ping Suey
have found buyers at easier rates."

The receipts of the Great Luxemburg Railway
Company for the week ending the 23d inst. amount
to £5,808 lOs ld ; being an increase of £707 15s 2d.
To date the increase this year is no less than
£2,596 16s 7d, the mileage being the same.
The traffic receipts of the Illinois Railroad for
darmary amounted to 1103,971 ; being £28,117 less
than for the corresponding period of last year.
The Grand Trunk Railway receipts for the week
ending the Bth instant amounted to £22,917, being
an increase of £250.

BRITISH FUNDS—TWO O'CLOCK.
GOVERNMENT FUNDS.
8 per ()enc. Consols
Do. Account, March 5
3 per Cent. Reduced 93
Now 3 per Cent 93i
New 2} per Cent. Jan. 1894
Do. 5 per Cont. Jan. 1873..
Annuities, 80 yrs, expire sth Jan.' 188(.
Do. for 30 yrs, expire sth April 1885 —
Do (Red Sea Tele6raph), Au 1908 —
Exchequer Bills, £l,oot, 2 per Ce.
Do £5OO — pm
Do. £lOO & .£'2oo
Bank of England Stock, 4/ per Cent —
Do. Account
INDIAN GOVERNMENT SECURITIES.
India Stock, 104 per Cent., April 1874

Do. Account -
Do. 5 per Cent. July, 1880
Do. 4 per Cent., Oct. 1888

Do. Certificates
Do. Enlaced Paper 4 per Cent B7f
Do. 5 per Cent., Jan. 1872
Do. 5f per Cent., May 1879 loB}
Do 5 per Cent., Rap. Deb., 1872 —
Do. do. 1877 —
Do. do. 1882 lo3f
Do. Deb., 5 per Cont., Aug. 1873 —
Do. Bonds, 5 per Cont., £l,OOO
Do. under £l,000
FOINION FUNDS—TWO CLOCK.
Argentine Republic, 6 per Cent
Au3trian Bonds, 5 per Cent,. 1859
Brazilian 5 per Cent —
Do. 4i per Cent., 1852 —
Do. do., 1858....• —
Do. do., 18•36 —
Do. do., 1863 64} 5
Do. 5 per Cent., 1865 .. 74 i
Do Account —
Buenos Ayres 6 per Cent
Do 2 per Cent. (Deferred 3 per Cent )
Cuba, 6 per Cent.
C...ilian 6 per Cent —
Do. 4f per Cent —
Do. 6 per Cent., B •
Do., 1867
Do., 7 per ,Cent., 1866 *—
Do., Scrip £32 paid
C )1, mbian, 6 per Cont.
Danisn, 3 per Cent., 1825
Dmubian Principalities, 7 per Cent 7O
Do 8 per Cent., 1867 —
Equador Now ConLolidated, 1 per Cent —
egyptian, 7 per Cent —
' Do. Second Issue —
Do. £5OO Bonds
Do. £IOC Bonds —
Do. 1864
Do. £540 Bondp B7l
Do. £lOO Bonds ~... 88-1
Government Railway Debentures .... 90f I
Greek, 5 per Cont., 1824-5, ox Coups —
Do. Account •.. -
Dv. Coupono m ....