The Sun.
London, England, 1868-03-12 00:00:00

XONEI MARKET

AND
COMMERCIAL iNTELLIGENGt.

CITY, Two O'CLOCK.

The fortnightly settlement continues to form the
chief occupation of operators. There is consequently
little or no change unconnected with this event, and
the markets are quiet. The English funds, excepting
Indian Government Securities, are kept at late
prices, in spite of short supplies by the
almost daily increasing probability of an early
advance in the Bank rate. In Shares, Great
Western met with a good demand at a further re-
covery, but Great Eastern are flat still, and the price
is agai❑ lower. The continental lines are heavy upon
speculative rates to a small extent, but Canadian are
firm. Cable shares have shown increased strength.
• The discount demand keeps very firm at 11 per
cent. for first-class short-dated paper. The supply is
falling off, and there is more competition for dis-
count.

Consols are without change, at 93 to 38- for money
and account. New and Reduced Three per Cents.,
92 to K. India Five per Cents. are firm at yesterday's
a I vance, 111! to 115. Bank Stock, 249 to 251.
Exchequer Bills, 10s to 15s prem.
A. very limited business is doing in Foreign Govern-
ment Securities; the attention of operators being
largely taken up with the account. As compared
with the closing prices of yesterday, Egyptian Railway
Bonds are k better ; Orel-Vitetske, f ; and Turkish,
; while the Viceroy's Nine per Cents. are f
lower, and Mexican The quotations are:—Mexican,
15. to 16 ; Greek, 12/ to 121 ; New Spanish, 351 to
36 ; Italian (1861), 45a to 45i ; Turkish (1865),
32i to 33 ; Portuguese Scrip, 1 to 1f ; Egyptian
(1864), 86fr to 87i ; and Orel-Vitetske, 771 to 78.
The New Honduras Loan is steady at to 1± prem.
In American Securities, United States 5-20 Bonds
are lower, at 71i to 711. Erie Shares are steady
at 49 to 50. Illinois unaltered at 89k to 90.

Atlantic and Great Western Railway Debentures
have risen 4, to 27 to 28, and the Consolidated
Mortgage Bonds 4, to 29 to 30.
Colonial Bonds are steady. Canada Six per Cents.
are inquired for at 100 to 101 ; ditto Five per Cents.,
86i to 87i ; Mauritius Six per Cents., 104 to 106 ;
New South %Vales Five per Cents., 99 to 101 ; New
Zealand Six per Cents., 108 to 110 ; Queensland Six
per Cents., 102 to 103 ; Victoria Six per Cents., 110
to 111.

English Railway Shares are not in much request,
and the changes in prices are of little importance, the
principal feature being an improvement of in Great
Western, at 47 to 475. Lancashire and Yorkshire
are 5 better, at 125/ to 1261 ; and Metro-
politan is also 1 higher, at 113 k to 1131. On the
other hand the Manchester, Sheffield, and Lincoln-
shire is lower, at 41 to 415 ; and South-Eastern and
Great Eastern 5 each, the former being quoted at 72
to 725 ; and the latter at 31 to 31k. Midland, 106
;to 1065 London and North Western, 1151 to
115 i ; Great Northern, 1055 to 1065 ; ditto (A),
1025 to 1031 • London, Brighton, and South Coast,
485 to 49 ; Caledonian, 82 to 821 ; London, Chatham,
and Dover, 15k to 151.
Foreign Railways are rather dull, but prices are
without material alteration, except Lombardo-Vene-
tian, which is 1 lower, at 145 to 141. Luxemburg,
92. to 95.
Foreign Mining Shares meet with little attention,
and the only movement in prices is a relapse of 1 in
Chontales, which are now quoted at 1f to 1 dis. St.
John del Rey steady at 165 to 175. Port Philip,
lf to 11.
In Bank Shares there is a moderate business doing,
but the only variations in prices comprise an advance
of 5 in London Joint Stock, and a fall to a like amount
in Imperial, the former being quoted at 33 to 34,
and the latter at 165 to 171 ; Alliance steady, at 145
to 135 dis.; Chartered Mercantile, 285 to 295 ; Impe-
rial Ottoman, to 5 dis.; London and County, 52 to
53 ; London and Westminster, 675 to 685 ; Oriental,
42 to 43 ; Union of London, 335 to 341.
Finance Shares are dull. International Finance is
lower, at 25 to 15 dis. ; Credit Foncier, 3 to 35 ;
General Credit, 2 to 2g dis. ; London Finance, 255
to 245 dis.
The dealings in Miscellaneous Securities continue
to be very limited, and prices are little
altered. Anglo-American Telegraph 5 better, at
225 to 221 ; Atlantic Telegraph, 8 per cent.
is firm, at 5g- to 55, being a shade higher ; Thames
and Mersey Marine Insurance 4 better, at 2} to 25
prem.; Hudson's Bay, 145 to 14# ; London General
Omnibus, 1/ to 2 ; Fore-street Warehouse, 15 to 1 dis.
Including the withdrawal yesterday of .£20,000 in
gold coin, the amount taken from the Bank this week
on balance is £72,000.
The City of Boston, from New York, brings £l,OOO
In specie.
As showing the increasing probability of an early
shipment of silver to the East to pay for cotton,
India Council Bills have changed hands at an advance
of 2 per cent. upon the price obtained at the last
biddings.
The Bank of Australasia announces a dividend and
bonus for the past half-year at the rate together of 10
per cent. per annum free of income tax, payable the
14th April. This distribution compares with 14 per
cent. for the corresponding period of last year.
It is stated that the Porte has signed a firman con-
ceding to a company of Belgian capitalists the con-
struction of a network of local railways in European
Turkey. The locality is not stated.
A general court of the governor and company of the
Bank of England will be held on the 19th inst., when
a dividend will be declared of 45 per cent. for the
half-year ending February 29. The election of
governor and deputy-governor will take place on the
14th April, and that of directors on the 15th April.
At the half-yearly meeting yesterday of the Great
Laxey Mining Company a dividend of 108 per share.
The receipts of the Bahia and San Francisco Rail-
Way Company for the week ending the Ist of February
amounted to £1,082 7s 10d, being an increase of
£351 23.

The official liquidator of the Contract Corporation
(Mr. C. F. Kemp) has announced the payment of a
further dividend to the creditors of is 6d in the
pound, at his offices, No. 8 Walbrook, on Friday
next.

The half-yearly meeting of the Bedford and
Northampton Railway Company has been called for
the 27th inst., for the transaction of the ordinary
business of the Company.
A. General Meeting of the shareholders of the
;6elgian Eastern Junction Railway Company will be
odd on the 31st inst., in Brussels, and a special
meeting will be held in London on the 28th inst.
Alessrs. E. F. Satterthwaite and Company's review
of the London market for American Securities is as
follows :—" The London market for American securi-
ties has been more active during the past week than
'or some time previous. The price of United States
Government Securities has been well maintained, the
75-20's of 1862 closing 71ft to 71i, and the 1865 issue
0i to 70L the latter showing more firmness. We
have to observe a growing disposition to invest in the
rive per Cent. 10-40 Bonds, owing to the clearly
defined obligation of the Government to redeem
the bonds at maturity in coin. In railroad
shares, Illinois Central have been well supported ;
they close steady at 89k to 89g. The chief feature
of the week has been the movement in Erie
Shares, though the fluctuations have been small com-
Pared with those reported by telegrams from New
York, where the difference in a single day has been as
much as $lO per share ; here they advanced rapidly,
from 47 to 50, but there is at the close a slight re-
action. The settlement of the account to-day has de-
veloped a short supply of stock, as much as is 6d per
Share having been paid for the loan of stock until next
settlement. A very large business has been done in
Atlantic and Great Western Consolidated Mortgage
tiends ; they touched 30, at which price there was a
supply They close exactly 29. The improvement
inVirginia Six per Cent. Bonds, to which we alluded
our last, has continued, and they leave off at an
advance of 2 per cent.—viz., 34 to 35."

BRITISH FUNDS—CLOSING PRICES.
, GOVERNMENT FUNDS.
" Per Cent. Consols
NDo. Account, April 2
eer Cent. Reduced 92 4
N..... 3 . Cent 92 1 2
'Y
per Cent
"`eNw 21 per Cent. Jan. 1894 —
"° 5 per Cent. owl. 1873 lO3l
Annuities, 30 yrs, expire sth Jan., 1880 — xd
D1)0. for 30 yrs, expire bth April 1885 —
0 (Red Sea Telegraph), AuA., 1908 —
4-ihequer Bills, £l,OOO, 2 per Ct.
Do £5OO Pm
Bah ID°' £lOO & £2OO pmr- of England Stock, 41 per Cent 249 51
"0. Account
INDIAN GOVERNMENT SECURITIEF.
India tock, 101 per Cent., AprillB74
D 0.,, Account
U°• 5 per Cent. July, 1880
'-',O. 4Cent., Oct. 1888
"0. Certificates
O. Enfaced Paper 4 per Cent —
I:)r,°. 5 per Cent., Jan. 1872
DO'. per Cent., May 1879 lO3l 3 1
5 Cont., Rep. Deb., 1879 lOBl
Do. do. 1877 lO3
Do• do. 1882 1024
1:),. Deb.., 5 per Cent., Aug. 1873
11))0. Bonds, 5 per Cent., £l,OOO
0. Ithder £l,000
30 pm
I'OREIGN FUNDS—CLOSING PRICI S.
kuentine Republic, 6 per Cent —
13ra:trial:, fonds, 5 per Cent. 1859
Drl'illan 5 per Cent —
o. 44 per Cent., 1852 —
L
°' do., 1858....• —
j,°• do
o. 1"
1860 —
Do.
do 1863 641
1) r Cent., 1865
not 7li 1 4
Lr'e„s Ayres 6 per Cent —
0.14,a`) 4 Per Cent. (Deferred 3 per Cent )
°up:, 6 per Cent.
—.
.60'an 4
6 per Cent —
„' b,4 P Cent .—
'• "PPeer
Cent., B
• --_,