The Sun.
London, England, 1868-03-14 00:00:00

J 1..... ..,....::.

MONEY MARKET

AND
COMMERCIAL INTELLIGENCZ

Cm, Two O'CLOCK.

All the stock markets are very quiet and dull in
town. There is an almost entire absence of support
on the part of the public : and consequently what-
ever changes have taken plkce are in the adverse
direction.

The demand for money is still considerable, ana
rates are firm at 1 to 1 per cent., on the best com-
mercial bills. Short loans on Government securities
are in demand on the Stock Exchange at 142 to 2
Oer cent.

The Funds are flat upon some small sales, and an
absence of purchasers:, Consols are quoted 92i to 93,
for money, and 93 for account ; New and Reduced
are 91i to 91i ; Bank of England Stock, 249 to 251 ;
India Five per Cents. are a further per cent.
lower, at 114 f to 1141; Exchequer Bills, 10s to 15s
prem.

Foreign Stocks are dull, but the variations are con-
fined to a relapse of per cent. in Egyptian Railway
Debentures, at 88i to 89i ;of in Peruvian (1865),
at 76i, to 76i ; and of * in Italian (1861),
at 45i to 45i ; and to a rise of * in the
Viceroy's Seven per Cents, at 72 to 72i ; and of I
In New Spanish at 351 to 35i ; Mexican are without
change at 15 to 15i ; Greek, 12i to 13 ; Turkish
(1865), 32i to 33; Portuguese Scrip, to 1 grew. ;
Egyptian (1864), 85i to 86i ; and Viceroy's Nine per
Cents., 87i to 88i.
The New Honduras Loan is steady at to It

United Sates 5-20 Bonds are higher, at 71 to
72i, but otherwise there is no change in American
Securities. Fries are 49 to 49i ; and Illinois, 89
to 90. •

Atlantic and Great Western Railway Debentures
are firm at 26i to 27i, and the Consolidated Mortgage
Bonds have improved k, to 28 to 29.
English Railways are flat, but there is only a fan or
it in the Midland, London and Nortb Western, and
Metropolitan. The quotations are :—Lancashire and
Yorkshire, 124 to 12.1 ; Midland, 1041 to
105 ; South Eastern, 72 to 72i- ; London and
Nort Western, 114 k to 1141 ; Great Northern, 104i-
to 105 i ; ditto A, 98i to 99-4 ; Great Eastern, 31
to 313 ; Great- Western, 46i to 47 ; Brighton' 48
to 48i- ; Sheffield, 42i- to 43 ; Metropolitan, 113 to
1131 ; and Caledonian, 824 to 83.
Bank Shares are firm. London and County and
London Joint Stock each advanced the former
being quoted at 52fr to 53k, and the latter
lat 32i to 33i ; Alliance, 141 to 13i dis. ;
.Agra (A), 10 to 11 ; Anglo-Austrian, 3;
to 4 prem. ; Chartered Mercantile, 281.- to 29f;
Consolidated, 41 to 4R ; Imperial Ottoman, k dis. to
par ' • London and Westminster, 67f to 68f ; Union
of London, 33 to 34.
In Foreign Mines St. John del Reys are higher,
at 18 to 18i ; Port Philip, 1 to 12 ; Chontales,
to 1 dis.

In Miscellaneous Securities the dealings continue
limited. Anglo-American Telegraph, 22k to 22i,
being * higher. Atlantic Telegraph 8 per Cents., 5f
to 5 ; Credit Foncier, 3to 3i ; Hudson's Bay, 14i
to 14k ; London General Omnius, to 2.
£45,000 in sovereigns from South America were
sent into the Bank yesterday, while £7,000 were sent
out for Egypt.
The Helvetia has arrived from New York with
£lO,OOO in specie, and the Bavaria with £6,500.
It is probable (says tho Manchester Examiner) that
the Manchester cotton spinners, in conjunction with
the Liverpool cotton brokers, will shortly wait upon
the Colonial Secretary to point out the great desira-
bility of obtaining more accurate reports of the cotton
crops in various places.
The half-yearly meeting of the Tottenham ana
Rampstead. Junction Railway has been called for the
31st inst. The ordinary general meeting of the
Waterford and Wexford will be held on the 30th
Kist, mad that of the West Somerset Railway on the
same ,date. The Central Argentine Railway have
called their ordinary general meeting for the 31st inst.
The directors of the Metropolitan District Railway
Company propose an issue of £400,000 of perpetual
Six per Cent Debenture Stock, being the balance of
the debentures and debenture stock unissued under
the borrowing powers of the special acts. It is offered
at par, and will bear interest at the rate of 6 per cent.
per annum from the Ist of January last. On these
terms, allowing for the accruing interest, the-price of
the stock is £97 14s 6d, giving interest at the rate of
£6 2s 6d per annum.
The South Metropolitan Gas Light Company nave
convened the ordinary general meeting of proprietors
for the.6th April.
M. Wendelstadt, one of the directors of the Bank
of Darmstadt, and the representative of a committee
representing the German holders of the Bonds of the
city of Leghorn, has addressed a memoral to the
Government of Italy, demanding payment in specie,
and it is stated that the Prussian Government is sup-
Porting the requisition. Two years ago some Belgian
creditors of the city of Leghorn made a like application,
Which was equally well supported, and their demands
are not yet satisfied.
The following remarks upon the present interesting
condition of the silver market are from Messrs.
Mocatta and Goldsmid :
"The India Exchanges having advanced in consequence
Of the continued rise in the prices of cotton and the
Peninsular and Oriental Steam Navigation Company having
simultaneously reduced their rate of freight per cent.,
.there has been a sadden, though not altogether unexpected,
demand for silver for the East. The amount purchased
twithin the last three or four days probably exceeds
1a 300, the bulk or. which will be despatched to
,Bombay, vic2 Marseilles, at prices varying from 601 to
,611. The former is now the nearest quotation,
and even that is almost a nominal one, as to-day there
have been no fresh transactions, and it is difficult to form
any idea as to the future movements of the market. There
is scarcely any silver now here, but very considerable quan-
tities are deposited in France and Holland, a portion of
Which would be available at 61 to 61k. Mexican dollars
'would advance in proportion to silver, but, as coin, there
is not any inquiry for them. The arrivals of gold have been
unimportant, and have been all purchased for exportation ;
the demand, however is not sufficient to call for with-
drawals from the Bank to any extent. Large shipments of
Spanish doubloons to Havannah have been effected, chiefly
.through France, and very high prices have been paid."
According to Reuter's telegram from Paris to-
day, the French Three per Cent. Rentes were 69f.
600. Firm.

Metropolitan District Railway issue of £400,000
Debenture Stock, 1i prem.

BRITISH FUNDS—CLOSING PRICES
GOVERNMENT FUNDS.
° Per Cent. Console
, Do. Account, April 2 93
8 per Cent. Reduced 9l 2
New 3 per Cent 9ll 2
NOW 21 per Cent. Jan. 1894
Do. 5 per Cent. tl an. 1873
Annuities, 80 yrs, expire sth Jan., 1880 — xd
Do. for 30 yrs, expire sth April 1885 — •
Do (Red Sea Telegraph), Au,., 1908 —
41clicquer Bills, .£l,OOO, 2 per Ct.
Do £5OO l4 15 pm
Do. £lOO & £2OO l4 15 pm
Bank of England Stock, 45 per Cent 249
Do. Account
INDIAN GOVERNMENT SECURITIES.
India Stock, 101 per Cent., April 1874
Do. Account
Do. 5 per Cent. July, 1880
Po. 4 per Cent., Oct. 1888
Do. Certificates —
Do. Enfaced Paper 4 por Cent B7
Do. 5 per Cent., Jan. 1872
,Irio. 51 per Cent., May 1879 lOBl
Do 5 per Cent., Rap. Deb., 1872 —
Do. do. 1877 —
Do. ' do. 1882
pc. Deb., 5 per Cent., Aug. 1873
O. Bonds, 5 per Cent., £l,OOO
Do. under £l,000
_____

•
FOREIGN FUNDS—CLOSING PRICES.
Argentine Republic, 6 per Cent —
„.44.3triian 5 per Centßonds per Cent. 1859 —
4ra.til63} 1
,130. q per.l Cent., 1852 —
4io. do 1858....
I)0. do., 1860 —
1)0.s do., 1863 —
1-!0.5 per Cent., 1865
ilt:',o Account 7ll
-...,e005 Ayres 6 per Cent —
,„ -,-;‘) 2 per Cont. (Deferred 3 per Cent )
v el*, 6 per Cent. euilian 6 per Cent
Do. 41- per Cent
LO. 6 per Cent., B
.i.,
.f.;0., 1867
,0., 7 per ,Cent., 1866 —
n '-'O., Scrip £32 paid
`', )1' mbian, 6 per Cent.
,4)anisn 3 per Cent, 1825 ..
' tnubian Principalities, 7 per Cent 661
1)0 8 per Cent., 1867
tquador New Consolidated, 1 per Cent —
''')rptian, 7 per Cent —
,I)0. Secoud Issue -
,-"s £5OO Bonds
'-'O. £lO6 Bonds B5 4i
, Do. 1864
"No. 4500 Bonds —
4-'O. £lOO Bonds •••.. 86} 6
orgo,vernruent Railway Debentures .... 89 1 81
~"., 5 per Cent , 182415, ex Coups
'-'O. Account . .
Do.—
(t-uO. Coupons
Account
.tetnala 5 per Cent .. —
Itil_duras Gov. Rail. Loan., 10p. Ct., £2sp
att 5 per Cent. 1865 —
'-'O, Account • ' —
iktzo. Maretninana Raiway —
''xican 3 per Cent —
3)44) for Account
, Do' 1864 9
per Cent. Anglo-French —
Is Conteloiol(hir
pael:Qmr:ar Granada
aee6idni imperil r 5
el) ee
nr
tC.el lt . * --__
13°
Lluaa Warrants (Hectares)