The Sun.
London, England, 1868-03-18 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCR,
CITY, Two O'CLOCK.

The Stock Markets opened with considerable firm-
!less upon a vague statement to the effect that Prussia
12 likely to propose a general European disarmament.
The improbability of any such policy has not prey
yented some speculative purchases, and the Funds
have consequently improved a point. Several Foreign
Stocks have also advanced. Among them are Egyp-
tian, Turkish, Italian, and Spanish. British Railways
are generally steady, with improving tendencies, but
!here is no great inquiry from the public. Fine
bracing
weather, and satisfaction at the prospect of
stability in the Government, are among the chief
causes of the improved feeling.
The Discount Market remains firm, with the mini-
Muni rate 1-1 to 2 per cent.
The Liverpool Cotton Market is more active, and
prices have an upward tendency.
Corn is dull at previous prices.
Consols opened firm at yesterday's prices, and have
since advanced being dealt in at 931 to 93± for
Money and account; New and Reduced Three per
Cents., 92 to 92* ; India Five per Cents. are dull
at 114 to 114 f, being f lower. Bank Stock, 249 to
251; Exchequer Bills, lOs to 15s prem.
In foreign stocks there is an active demand, and
some favourable changes are the consequence. Therti
is an advance of 1* in Egyptian Railway Bonds, at
80i to 91* ; of * in the Viceroy's Seven
per Cents., at 73* to 74 ; in Italian (1861),
at 47 to 47i ; and in Peruvian at 77*
t,e, 772 ; kin Turkish, at 33* to 332 ; and in
▪ ew Spanish, at 352 to 36 ; and of * in Mexican, at
391 to 161; Greek Bonds are 12* to 13 ; Portuguese,
to 392 ; Orel Vitebsk, 78i to 78g ; Egyptian
(1864), 86 to 87 ; and the Viceroy's Nine per Cents.,
88* to 89.
The new Honduras Loan is steady at f to 1k prem.
In American Securities, United States' 5-20 Bonds
are * better, at 72 to 72k. Erie shares and Illinois
are both k lower, the former being quoted at 45 to
4(3, and the latter at 89 to 89*.
Atlantic and Great Western Railway Debentures
are steady, at 27 to 28 ; and the Consolidated Mort-
gage Bonds have risen k, to 29*, to 292.
Among Railways the chief demand is for Sheffield
and Metropolitan, and Great Northern are heavy.
The quotations are :—Lancashire and Yorkshire, 125/
T 1252 ; Midland, 1041 to 105 k ; South Eastern,
72* to 73 ; London and North Western, 114 k to 115 ;
Great Northern, 104 to 105 ' • do. A, 95* to 99* ;
Great Eastern, 31/ to 31* ; Great Western, 461 to
,47 ; Sheffield, 43 to 43* ; Metropolitan, 114 to 114* ;
New District Stock, 1* to 12 prem. ; and Caledonian,
82} to 822.
Foreign railway shares are steady. Great Luxem-
torg is quoted at 8* to 9 ; Lombardo-Venetian, 15
15i.
In Bank Shares there is not much doing, and the
ortly changes are in Alliance and London Joint Stock,
both of which are * lower, the former being quoted
at 14k to 13* dis. ; and the latter at 3115 to 32k ;
Anglo-Austrian, 3* to 4 ; Chartered Mercantile,
28*, to 29* ; Consolidated, to 411; Imperial, 17 to
118; Imperial Ottoman, dis. to par ; London and
County, 51* to 52k ; London and Westminster, 67*
t° 88* ; Oriental, 42 to 43.
, In foreign mines the only movement is a relapse of
tin St. John del Rey, which is quoted at 18* to 19*;
Fort Philip, 1k to 1* ; Chontales, g to g dis.
Miscellaneous shares are extremely quiet, and
Prices are without particular change. Anglo-American
Telegraph shows a further improvement of t„ at 22k
to 22* ; Atlantic Telegraph Eight per Cent. is firm
at 511- to 5g.; Fore-street Warehouse, 12 to 1* dis. ;
zaudson's Bay steady at 131 to 14 ; London General
Omnibus, 12 to 2 ; and Universal Marine is better,
at dis. to par.
Business has been done in Metropolitan District
Railway Issue of £400,000 Debenture Stock, at 1* to
prem.
The sum of £lO,OOO in sovereigns was with-
drawn from the Bank yesterday, for transmission to
The steamship Union takes out for New York
£30,000 in specie.
Mr. F. C. G. Ritso, the agent of the International
Ocean Telegraph Company, of New York, states that
the company is going to lay down a duplicate cable
between Florida and Cuba, and that it will be corn-
Dieted this summer.
, Marseilles letters, dated Saturday last, the 14th
inst., state that the greatest activity continues to
prevail in the wheat market at that port. In the
,week ending that day upwards of 200,000 hecto--
litres of wheat were sold for Spain and Africa, but
chiefly for the interior of France, whence the
demand was said to be more active than ever. The
stock consequently had undergone a large diminution,
,specially as during the week the arrivals were only
hO,OOO hectolitres from all parts.
The traffic returns of the Great Luxemburg Rail-
way Company for the week ending the 15th instant
show an increase of £668 as compared with the cor-
responding week of last year. The receipts of the
Metropolitan Railway for the week ending the 15th
instant show an iucrease of £526 as compared with
last year.
The traffic receipts of the Grand Trunk Railway of
Canada for the week ending February 29 shows a
decrease of £10,062. The deficiency is owing to
the line being completely blocked up with snow.
Sir Richard A. Glass has been appointed chairman
of the Anglo-American Telegraph Company in the
Place of the late Mr. Charles E. Stewart.
With a few exceptions, of which cotton, cocoa,
eoffee, and cochineal, are the chief, the stock of pro-
o▪
nce in London shows a decrease as compared with
the corresponding period of last year. The increase
in cotton is 20,200 bales ; in cochineal, 5,189 bags ;
"eft, 6,897 bags ; in coffee, 4,895 tons ; in
11101 asses, 2,400 casks ; and in sago, 19 tons. On
the other hand there is a decrease of 61,110 hales
'h jute, 1,369 chests in lac dye, 190 packages in
illaee, 1,763 packages in nutmegs, 1,131 tons in
pepper, 6,126 bags in pimento, 2,823 tons in rice,
4,470 puncheons in rum, 475 tons in sago flour,
14,867
tons in sugar, 2,175 tons in saltpetre, and
1,700 casks in tallow.
The following is the report of the City Offices
:—" In submitting their sixth report to
the shareholders, with balance-sheet made up to the
`last of December, 1867, the directors have much
satisfaction in stating that with the completion of the
Lombard-street property the buildings of the company
are finished, and that there only remained at the end
of the year a balance of about £12,500 to discharge
all liability to the contractors, which has since been
reduced to £lO,OOO. The directors had hoped in this
report to have been able to announce a considerable
augmentation in the rentals. In this they have been
ilLsappointed ; the demand for offices being very
hnited, in consequence of the continued stagnation in
conatnercial enterprise. That such is the case may at
once be seen fromthe large number of eligible offices
lilr, all parts of the city that are at present unoccupied.
at the same time satisfactory to be able to report
as • increase since the date of the last meeting to
Vie extent of £2,400, the gross receipts now amount--
41R to £31,100. The directors believe that a return
,°,_f general confidence is alone needed to greatly increase
the company's lettings. The offices at their disposal
are of a very superior character, moderately rented,
and admirably constructed to suit banking establish-
dnts, public companies, and private firms. The
rectors who vacate their seats in rotation are Frederic
b/lildred, Esq., and James Levick, Esq. Mr. Mildred
having intimated his intention to retire, Mr. Levick
to
offers himself for re-election. It is not proposed
~„"" up the vacancy in the board, and a proportionate
Part of the directors' fees will be relinquished."
The Coupon of the English Series (K) of the Five
Per Cent. Debentures of the Dutch Mortgage Bank,
due Ist April next, will be paid on and after that
gate.

Mr. Sam Mendel thus reports the Manchester
,
"garket yesterday :—" Market quiet with more dis-
-losition to make sales at prices slightly below the
depression
quoted some days since, yet there is no sign of
Chan
or undue desire to obtain orders at more
4'lll a very moderate reduction."
According
a to Reuter's telegram from Paris to-
pr, the French Three per Cent. Rentes were 69f.
°e• Less firm.
Metropolitan District Railway, issue of £400,000
debenture stock—business done, at 1 to prem.

BRITISH rUNDS —TWO O'CLOCK.
8 ... CIOVERNMENT FUNDS.
ver (ism. Consols
a I'o. Account, April' - I
[Viler Cent. Reduced 9li 21
1ie,,17 3 per Cent 9l* 2
W 2i por Cont.
1. 5 per Cent. can. 1873 —
14,1•'•NbUN GOVERNMENT SECURITIES.
,'4,-t Ntocic, 10i per Cent., AprillB74 ‘,.
°•r, Account
IV. 5 per Cent. July, 1880
r?' I Po': Cent., Oct. 1888
—0 Certificates
r.) • —
13°. Enfaced Paper 4 per Cent 874
DCent., Jan. 1874
°• '.}
per Cent., May 1879 lO2l
0 0 per Cent., Rap, Deb., 1872 —
Do. do. 1877 —
Do• do. 1882 —
Dot.• De_b.., 5 per Cent., Aug. 1873
110•(). od, 5 per C•. , • ent., £l,OOO 3O pin
under £I.OOO
FOREIGN FUNDS—TWO CLOCK.
„tli;‘oll.tiue Republic, (6 per Cent —
br.,:jil'aa trin Bonds, 5 per Cent. 1859
r 5 per Cent —
0,1. 4i per Cent., 1852 —
jjo. do., 1858 —
do., 18.;0
1)0.
bo. do., 1863 —
jj per Cent., 1865
II
Lio Account 7l-- 21
eIIQS Ayres 6 per Cent ..._