The Sun.
London, England, 1868-03-30 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE,

CITY, Two o'CLooL

tortnicfhtly seitietnent is largely engaging the
attention oriperators, anu until after its completion
(to-morrow afternoon) ract market will be subject to
conflicting Influences trom mis source. The principal
movements are in foreign stocks and railway shares.
Caledonian opened exceedingly heavy upon speculative
sales, the fist. price being o per cent. lower ; there has
since been a sliant recovery. Great Northern continue
to declints, out Great Eastern and some others are
firmer. Egyptian, among foreign stocks, have chiefly
fluctuated ibis market is altogether unsettled for the
hue siiareb are flat

The demand for money is scarcely so active as it
was during the early part of last week, and exceptions;
busines3 :6 done at 1-T per cent. The supply has in.
creased.

The Liverpool Cotton Market f§ very excited, at
an advance of d The sales are expected to be 30,000
bales.

Edglish "Wheat in good demadt, gt an advance
of is per quarter.
Consols are steady at Saturday's prices, being
quoted at 93 to 93),- Tor money and account ; New
and Reduced Three per cents., 91i to 92 ; India
Five per Cents. are firm at 114 to 1145, being f
better ; and Exchequer Bills, 1 per cent. higher, at
7s to 12s prem.
The market for Foreign securities is unsteady. The
principal movements are in Egyptians, which are
again lower. The 1864 and the Railway Loan are
both -k lower, being marked at 85i to 86k and 88k to
89k respectively, and the Viceroy Seven per Cent.
Loan 1 worse at 88/ to 88k. On the other hand, the
Nine per Cent. Loan is It better at 72k to 72k ;
Greek are firm, at 12k to 13, being 1 higher ; New
Spanish Three per Cents., flat at 354 to 35a Italian,
steady at 48 to 48/ ; Turkish (1865), 33f to 33k ;
Peruvian (1865), 78 to 7:9; Portuguese, k to 1 prem. ;
Mexican, 15k to 16.
The certificates of the Foreign and Colonial Go-
vernment Trust are quoted 1 to 11s prem.
The New Honduras Loan is steady, at I to 1k
prem.
In American Securities United States 5-20 Bonds
are k lower at 71i to 72k ; Erie Shares firm, at 47
to 49, being 1 per cent, higher ; while Illinois are
lower, at 89 to 90.
Atlantic and Great Western Railway Debentures
lave receded k, to 26 to 28 ; but the Consolidated
Mortgage Bonds have further improved 1, to 30
to 30k.
Caledonian Railway shares opened at 72, being
a further fall of 5 per cent. since Saturday's close.
The present price is 72k to 73, being a slight recovery.
Great Northern A are 1 lower at 97, but the
Original stock is without change at 103. There
is a fall of k in Sheffield at 42k to 43k ;
and of * in Lancashire and Yorkshire, at 125 k
to 125 k ; in South Eastern, at 73 to 73k ;
in Great Western, at 48k to 481 ; and in Brighton at
491 to 501 ; Midland are quiet at 104 k to 105 ;
London and North Western, 114/ to 1141; Great
Northern, 102 k to 103 k ; and Metropolitan, 114
to 114 k.
The new Metropolitan District Stock is 2 to 3
prem.
In Foreign railways, Lombardo Venetian Railway
higher, at 15 to 15k ; Luxemburg quiet at
9 to 9/.
Bank Shares are rather dull, and in some cases
prices are lower. Chartered Mercantile is k worse, at
28 to 29 ; and London and County, and Union of
London, also each k lower, being quoted 501 to 51k,
and 30k to 31k respectively. Ou the other hand,
Imperial Ottoman is k better, at k to# prem. ; Agra
(A) steady, at 10 to 10k ; Alliance, 13k to 14k dis. ;
Anglo-Austrian, 4 to 4k prem. ; Consolidated, 41 to
to 4i ; Imperial, 17 to 1715; London and West-
Minster, 67 to 68 ; Oriental, 42 to 43 ; London Joint
Stock, 31 to 32.
In Foreign Mining shares St. John del Rey is
better, at 20 to 22 ; Port Philip steady, at lf to
; Chontales, 4 to 4 dis.
Miscellaneous securities are quiet, and prices
generally are without change. Anglo-American Tele-
graph, 21i to 22k ; Atlantic Telegraph, 5i to 5/ ;
Fore-street Warehouse, 21 to 2/ dis, ; Hudson's
Bay steady, at 14k to 14 ; London General Omnibus,
11 to 2.
The Board of Trade returns for the month and two
months ending February 29, were issued this morning.
The declared value of the exports for the month was
£14,340,979 against £14,446,072 in February, 1867,
and £15,116,063 in February, 1866. For the
two months the respective values .are £26,593,667
in 1868 ; £27,232,914 in 1867 ; and £29,470,811
in 1866. The imports are only given for the month of
January, and they were to the value of £9,477,083 in
1868; £10,063,066 in 1867 ; and £10,394,413 in
1666. During the two months the import, of specie
amounted to £4,040,908 ; and the export to
£4,178,224.
The Douro has arrived with .£110,12) in specie
from the West Indies. The Pera, from Alexandria,
brings £3,119 in specie.
United States' gold coin to the va!no of £3,000
Was; withdrawn from the Bank on Saturday.
The annual meeting of the Royal Mail Steam
Packet Company is called for the 29th of April.
A. remittance of £3OO 18s 10d has been received on
account of Ecuador dividends, and of £10,400 on
account of New Granada dividends.
The committee of administration of the Atlantic
and Gre., Western Railway have received by this
Morning's mail the opinions taken in America on the
question of the relative priority of the Certificates of
Debenture and the Consolidated Bonds. The autho-
rities consulted were the three leading lawyers of the
States of New York, Pennsylvania, and Ohio, viz ,
Mr. O'Conor, Judge Black (late Attorney-General,
United States), and Judge Ranney, and their several
opinions affirm most decidedly the view originally
taken by the committee, that the Certificates of Deben-
ture create no lien upon the property ; and that,
*xcept so far as these are secured by the Divisional
11. °lids deposited at the Bank of England, the Conso-
lidated Bonds have priority over them. A full state-
ment will subsequently be pacle to all classes of cre-
ditors.

The dividend of the Great Western Railway Com-
Pany of Canada for the half-year ending with the 31st
of January is announced at the rate of 4/ per cent, per
annum, leaving £3,000 for renewal of ferry steamers,
41-id £2,725 Os 5d to be carried forward.
Alter payment of all preference and guaranteed
interest the net balance of the Great Luxemburg
Ilailway Company for the six months ending for the
Post half year amounts to £21,032 13s Bd, out of
which a dividend is declared of 3s 6d per share.
This will allow of £1,048 12s ld being repaid to the
Belgian Government, and of £2,484 is 7d being
carried forward.
The calls due in April, as far as the particulars
have transpired, amount to £660,510.
A dividend of 31. in the pound is announced to be
Payable on the 31st inst. to the creditors of the late
Linking firm and naval agents of Strahau, Paul, and
Fates, of the Strand.
The following are some of the rates of continuation
current in the settlement now in progress :—" Cale-
tlonian, to / back, closing /to ; Great Eastern, Is
tio 2s contango, closing even to is ; Great Northern,
to ditto ; ditto A, 4- to ditto, closing /to con-
tango ; Leeds Stock, even to / back, closing about
even ; London and North-Western, /to contango,
closing 1-16 to 3-16. contango ; Midland, even to /
tontango, closing 1-16 to 3-16 ditto ; Metropolitan,
even to back, closing kto f back ; Dovers, to
contano.o • Shelfields, 1-16 to 3-16 contango ; North
1-'l6 back, to 1-16 contango ; Great Western
9Canada, 6d. to 9d ditto ; Grand Trunk of Canada,
O to is 3d ditto ; Brighton / to f ditto ; Great
Vestern, to contango."
The officially reported exports of specie durinr, the
Week ending the 25th instant amounted to £358,144,
and the imports to £326, 368, showing a small balance
°f £32,076 against the stock held.
, The folloMarcwing mining dividends have been declared
gilri ng h:—

Per share. Amount.
""at Laxey ----- £0 10 0 — £7,500 0 0
; evou Great Consols
4wYndy Iron 0 2 0
4... teat Wheal Vor
Vneraft
cr
pi.o tnpet Consols 0 10 0
@a eal Mary Ann ........0 17 6
t Pool 5 0 0 640 0 0
bath Frances . 1 0 0
trbk ato i 1 lasi
ort
rivaru na
wes
-

ot al 433,630 10 0

BRITISH FUNDS—CLOSING PRICES
I „ QOVE RNMENT FUNDS.
V.„43' ()eta. Consols
l'er
-. Account, April 4
Cent. Reduced 9lk 2 11
Nei 3 per Cent 9li 2 li
761!0- 5 21. per Cent. Jan. 18_9.1 —
A per Com. can. 18,3..
i,"ities, 30 yrs, expire sth Jan., 1880 — ad
11-'O. for 30 yrs, expire sth April 1885 —
4.2 (Red Sea Televaph), Au,., 1908 —
--oquer Bills, £l,OOO, 2 per Ct.
Do £5OO Bl2 pm
114 hi,Do. ZlOO St £2OO Bl2 pm
.I).' 01 England Stock, 421- per Cent Shut
0. Account
1 -174,1:1-NbtAN GOVERNMENT bECURITIE6.
took , 10,1 per Cent., Aprill874
1:1°. Account
0. 5 per Cent. July, 1880
121% 4 per Cent., Oct. 1888
to. Certificates —
o°. Enlaced Paper 4 per Cent BB
n% 5 per Cent., Jan. 1872
,r, 6* per veut., May 1679,,mts tttttttt """