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

DIONEY MARKET

AND
OMMERCIAL 'TELL! f7T;

CITY, TWO O'CLOCK.

The stock markets are quiet still, and without
matertal alteration in the leading prices. The funds
opened flat, Consols being per cent. lower, but
there is now no variation from last night's prices.
Mexican and Italian securities are in more request, 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 Buy 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 1$- to 11 per cent. The
supply of money is less abundant.
The Liverpool Outton Market this morning opened
buoyant, and id dearer.
C'onsols are steady at yesterday's prices, 93 to
94 for money and account ; New and Reduced 3 per.
Cents., 911- to 92 ; India 5 per Cents. 1121
to 1131 ; Bank Stock, 240 to 231 ; Exchequer Bills,
los to 15s prem.
Among foreign Government securities, Mexican
have advanced 1, and Italian 4 ; otherwise the Market,
though steady, is without change. The quotations
are :---Mexican, 15f to 151 ; Greek, 12* to 121- ; New
Spanish, 354 to 36f ; Portuguese 39f to 39i ;
Turkish, 32;.i. to 32i ; Italian, 444 to 454 ; Russian
Railway, 761 to 77f ; Egyptian (1864), 86 to 87 ;
ditto Railway Loan, 904 to 914 ; Viceroy's Seven per
Cents., 73/ to 74k ; and the Nine per Cents., 884 to
895 ; Brazilian (1865) are 71 to 72.
The New Honduras Loan is , If prem.
American securities are quiet.. United States' Five-
Twenty Bonds are quoted at 714 to 71/. Erie Rail-
road are further improved Lat 47 to 48. Illinois
unaltered at 89,E to /.
Atlantic and Great Western Railway Debentures
have receded j, to 26 to 264, but the Consolidated Mort-
gage Bonds are steady, at 261, 271.
The variations in railways are unimportant. There
IS an advance off in North British, Great Northern
A, and London and North Western; and of 4 in
Great Western ; and a fall of f in Sheffield
and Caledonian ; and of in Metropolitan and
South Eastern. The quotations are : —Lancashire
and Yorkshire. 125/ to 126 f ; Midland, 1001
to 107 f ; South Eastern, 724 to 73 ; London
and North Western, 1151 to 116 f ; Great Nor-
thern, 106 to 107 ; ditto A, 104 to 105 ; Great
astern, 291 to 30 ; Great Western, 451 to 46f ;
Brighton, 48f to 481 ; Sheffield 41 to 414 ; Metropo•
litan, 1111 to •114 ; Caledonian, 82 to 824 ; 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), 104 to 11 ; Chartered Mercantile, 284 to 294;
Imperial, 17 to 18 ; London and County, 52 to 53 ;
London and Westminster, 674 to 684 ; Union of
London, 34 to 35.
Finance shares are extremely quiet. General
Credit, 21 to 24 dis. ; International Finance,
21 to 1 dis. ; London Finance, 26 to 24 dis. ;
Credit Foncier, 24 to 34.
In Foreign Mining Shares the principal feature is
an advance of 4 in St. John del Reys, the price being
164 to 174 ; Port Phillip, 11 to 14 ; Chontales steady
atl to 14 dia.
Miscellaneous securities are without feature, and
Prices generally aro without change. Anglo-Ameri-
can Telegraph, 20 to 201 ; Atlantic Telegraph, 5i to
ti; Fore-street Warehouse, 14 to 1 dis. ; Hudson's
ay dull at 144 to 14f ; Loudon General Omnibus.
14 to 2.
‘.l3y the present mail the Anglo-Brazilian Gold
MB
Company have received a remittance of 591
ounces of gold, and the Don Pedro North del Rey
2,483 ounces.
The sum of £41,000 in gold was withdrawn from
the Bank yesterday, including .£16,000 in bar gold,
and £25,000 in gold coin for Egypt. The operations
aioce the date of the last return comprise a withdrawal
of
£273,000, against £21,000 sent in.
The ship Sarah Grice has arrived from Melbourne
with X 14500 in gold, and the Tasmanian with X 38,000
from the' Brazils.
The biddings for bills on India were held yesterday
att the Bank of England. The amounts allotted were.
Le Calcutta, £196,000, and to Madras £9,400. The
Minimum price was fixed at Is 101 d on Calcutta and
Madras. Tenders on those presidencies at is lld
Rill 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-
dend.

The gross receipts of the Atlantic cable for the 28
days of February amounted to £39,097,
comparing,
with £25,215 for the same month last year.
The traffic receipts of the Bahia and San Francisco
Railway for the week ending the 25th of January
amounted to £B9O 17s 10(1, being £ll9 13s 81 more
than for the corresponding perityrof 1867.
The following is from the Rosszt, Grande Gold
Company (Limited) :—Mr. Ernest ILlcke
reports (under date the 31st January) : The works
are going on satisfactorily, all possible speed is making
in sinking the air shaft, the turn from the adit to the
level is completed, after which the sloping was con-
tinued for a few days, but the want of ventilation has
PM me to the necessity of suspending these works
until the shaft is communicated with the adit ; this
Will take about four months. Our produce for this
month therefore, I fear, will not come up to the half
of the December one, and unless we intersect with a
good lode in sinking the shaft or driving the level, it
Will continue low till the above-named communication
IS carried out. The proceedings of the Balm Mine, as
Well as the Jacolinga Exploration, are going on well.
The following is Messrs. Durant and Co.'s silk
The
:—" We have a fairly current market in silk.
4:11e indications noticed in our circular of the 7th ult.,
of n
fetloan anxious watching of the market with a view to
as soon as it wit.sfelt that the right moment had
arrivekt-1,,
soon brought forth fruit, and throughout the
Whole month, with occasional short
..hesitations, we
have had full current business—without any general
(Notable advance, still in many cases improvement of
prices might be detected without difficulty—and the
dbusiness now doing is at the extreme rates. The
eliveries are highly favourable, the largest for the
last two years, sufficient to prevent an increase
of stock, still no great affair, and as being
only 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
the use of Asiatic silk ; still there are not wanting
symptoms that such is really the case—whether from
the comparative exhaustion of the supply of European
Silk, or the very wide difference ill price, or both
combined, is not very clear, but in any case the
Prospects for the consumption of Asiatic silk would
"eat more hopeful than for many months. Japan
silk has shared in the general improvement of de-
taand,.and probably in the stiffening of prices—the
bdeliveries are good in proportion to the stock. In
utgal silk we have nothing particularly of moment,
4.. fine silk, especially seems to feel the effects of
"le supposed diminution in the stocks of European
The following is from Messrs. E. F. Satterthwaite
s,lld Co.'s circular :—" We have had a tolerably
jea ir market in London for American Government
•ti ties, with only moderate transactions. 5-20
t7.uds have ranged from 711; to 71-&-, closing exactly as
Cent.!'y week, viz., been 71i. In Virginia Six per
• ..,s Bonds there has a marked improvement,
"._nch Confidence being felt in the ability of the State to
provide the interest. For Illinois shares there con-
atnes a steady demand, and the market being bare of
orY) they have improved a further one per cent.,
C__Bing exactly 89k. In Erie shares the fluctuations
e. been 'violent, reflecting very much the extraor-
earY movements in New York. They close very
form at 47i to 48. There has been a marked inquiry
Aft
and Great Western Consolidated Mortgage
botilus and large sales could have been effected had it
TheybLen for the scarcity of bonds on the market.
- touched 27k, closing steady at 26i to 7.')

BRITISH FUNDS—TWO O'CLOCK.
QOVERNMENT FUNDS.
93 1. 2j
a psr Odin• Co ols
bo . 128
•
8 Recount,.„ Apnl2
2 ad
4Per Cent. Reduced
'9911 2 11 2 ad
Ne 4: Per Cent
80. 2t per Cent. Jan. 1894
104
4,-2.,.. per C0nt.0an..11373
ad
T;uities, 80 vrs, expire sth Jan., 1880.
A 11 —
,1-'O. for 30 yrs, expire slh pr „„8„. _
~`1„,..° (Red Sea Telovriph), An,v, 17e
___ pm
--uciyl3l. Bills, £l,OOO, 2 per uL
pm
Do
£5OO
-
13,,,,1,De• £lOO & £2OO pm
'-'O. Anol2t11(
/3' ef Egin 1 1 Stock, 4i per Cent —
Icc
NT,
all li 0-14 N GOVERNMENT SECURITIES.
b`)•t-it.°Cc'S Pe
' 4 tel 10} r Cent., AprillB74
Do
ount
1191 13 -1,
B: 5 per Cent..fuly, 1880
1001 xtt
Do.u- 4 per Cent., Oct. 1888
Certificates
be. tufaced Paper 4 per Cent
Bt)* 6 Per Cent, Jan. 1872
Dr,°' i Per Cent., May 1879 _
D
c0.....ir
eoob:r.,Cent., Rep. Dob„ 1872
do. 1877 _
do. 1882 _
5 per Cent., Aug. 1873
pm
Do. ''ucliute, per Cent., £l,OOO
pm
• end ,
£lpooo .£l,OOO
li'ottiQx r rNi)g—TWO ()LOOK.
Argazit.
4.44 ine Rpublic, 6
'rika /39148, 5 per GentlBs9 Hum" ""