The Sun.
London, England, 1868-03-11 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIOENCIS,

CITY, Two O'CLOCK.
The fortnightly settlement in the Stott Exchange
commenced this morning, and there is consequently
but little ordinary business in progress. In many
respects the supply of stock is more equal to the re-
quirements than for several accounts past. On some of
the principal railways, notably Metropolitan, there
is neither backwardation nor cantagno. Cale-
donian form the principal exception. These
are still scarce, and 9 per cent. per annum
has been paid this morning to defer delivery for a
fortnight. It is, however, too early to form a com-
plete idea of the course of settlement. The Funds are
•1111. Upon an increasing short supply of India 5 per
Cents., a furth?r advance of fully per cent. is re-
ported again this morning. Foreign .Btecks are quiet,
and Americans steady.
The Discount Market keeps firm, at 12 per cent.
for the best commercial paper having short periods to
run. The supply is equal to the demand, but it is
not increasing. In the Stock Exchange money is
Wanted for the settlement, and firm rates are current.
The Liverpool cotton illarkt is active, and rates
are jinn er.

The Corn Market is quiet, at Monday's rates.
Consuls are steady at yesterday's prices, 93 to A. for
money and account. New and Reduced Three per
Cents., 92 to 5. India Five per Cents. show a
further advance of 1, being dealt in at 1141 to 115.
Bank Stock unaltered, at 249 to 251. Exchequer
La's, lOs to 15s prem.
There is scarcely any change in Foreign Govern-
ment Securities from last night's prices. Greek and
Italian are a little firmer, but Mexican barely maintain
yesterday's advance. Egyptian are f per cent.
lower. The quotations current are : Mexican
151 to 16 ; Greek, at 121 to 12/ ; New Spanish, 35/
to 36 ; Italian (1861), 451 to 451 ; Turkish (1864),
327, to 33?- ; Portuguese, 39/ to -39/ ; Orel-Vitetske,
771 to 771 ; Egyptian (1864), 865 to 871 ; Viceroy's
Seven per Cents., 731 to 74 ; the Nine per Cents,
884 to 89 ; and the Railway Loan, 91 to 915.
The New Honduras Loan is steady at to 11 prem.
In American Securities, United States 5-20 Bonds
are steady at 71'- to 71-;4-. Erie Shares are 1 lower, at
485 to 491 ;while Illinois are 5 better, at 89k to 90.
Atlantic and Great Western Railway Debentures
remain steady at 27 to 28, and the Consohdated
Mortgage Bonds at 29± to 291.
Railways are rather flat, in the absence of business.
The present prices are:—Lancashire and Yorkshire,
1251 to 126 ; Midland, 106 to 1065 ; South Eastern,
72± to 721 ; London and North 'Western, 115± to
115± ; Great Northern, 1055 to 1061 ; ditto (A),
1031 to 104; . Great Eastern, 31 to 311 • Great
Western, 465 to 461 ; Brighton, 481 to 49 ; Sheffield,
41± to 411 ; Metropolitan, 1135 to 1131; and Cale-
donian, 825 to 82±.
In Foreign Railways, Lonnbardo-Venetian Rail-
way and Great Luxemburg are flat., the former being
it lower, at 141 to 141; and the latter unaltered, at
ug. to 95.

In Foreign Mining Shares, St. John del Rey's are t
!ewer, at 16 to 17, but Chontales are better, at Ito
dis. Port Philip, 1i to li.
In Bank Shares business is very quiet and prices
are without alteration. Agra (A), 10 to 11 ; Alliance,
141- to 131- dis. ; Anglo-Austrian, 3i to 4 ; Chartered
Mercantile, 24 to 201- ; Consolidated, gto ;
16i to 171-; Imperial Ottoman, g- to dis. ;
London and County, 52 to 53 ; London and West-
minster, 671- to 68 ; Oriental, 42 to 43 ; London
Joint Stock, 33 to 34 ; Union of London, 331; to 344.
In Miscellaneous Securities the dealings are few and
unimportant. Anglo-American Telegraph steady, at
21;- to 211, • Atlantic Telegraph Eight per Cent., si-
to 5.1_,• Htilson's Bay, 141 to 144 ; London General
Omnibus, 1-4 to 2i. Ocean Marine Insurance is It
lower, at 14 to 15, and Thames and Mersey better,
stt 21-- to 21- prem.
The sum of £34,000 in sovereigns was withdrawn
from the Bank yesterday for Alexandria.
The City of Limerick has arrived from the Brazils
With £45,000 in specie.
The New York has left for New York with
£50,000 in gold coin, and the Saxon took £5,000 in
sovereigns for the Cape of Good Hope.
The silver market is firm, but inactive. The
Indian exchanges continue to harden, and thus in-
crease the probability of a speedy shipment to the
Raslt. Mexican dollars are 59d per ounce, and bars
60d.

It is stated in Paris letters that negotiations are in
Progress between the Governments of England and
France for a reduction in the rates of postage between
the two countries to 2d per letter of the present weight:.
The report of the directors of the London Bank of
Mexico and South America, to be presented at the
fleeting of shareholders on the 20th inst., states that
the net profits, after making provision for bad and
doubtful debts, amounts to £12,493 16s, of this sum
-k-9,000 is recommended to be appropriated to the
payment of a dividend of 10s per share, free of income
tax, leaving .E 3,487 ICis to be carried forward to the
new account.

A meeting of shareholders in Overend,.Gurney, and
Co., Limited, was held yesterday, convened by the
committee of the Defence Association, for the pur-
pose of organising a fresh committee in order to
carry on the further proceedings against the di-
rectors. Dr. Thom was called to the chair, and
the first business was the passing of a resolution
thanking Dr. Thom, Mr. John Linklater Mr.
liowell, and the committee, for their past labours
in. exposing what was called the greatest fraud that
everfl disgraced the commercial annals of this country.
The next was the appointment of a new committee to
carry on further proceedings, one of which is to be n
action at law, and after a long discussion, the follow-
ing gentlemen were appointee:—Mr. Meek, of York;
Mr. Barrow, of Derby ; Mr. O'Reilley, of London ;
4114 Dr. Thom, of London. The meeting repre-
eented a very large number of shareholders from all
parts of the country.
The half-yearly general meeting of the shareholders
of the Caledonian Railway has been called for the
31st inst., for the transaction of the ordinary business
of the company.
The directors of the Falmouth Waterworks Com-
Piray have convened the ordinary half-yearly meeting
of proprietors for the 26th inst.
The receipts of the Metropolitan Railway for the
Past.s week show an increase of £5lO 17s 4d, and the
Brighton £2, 506.
At a meeting yesterday of the West Caradon Mine,
call of 30s per share was made.
Subscriptions are invited by the Cape Town Rail-
bCompany for £200,000, in six per cent. de-
ure stock, to replace a similar amount of bonds
falling due.
The earnings of the Bombay, Baroda, and Central
lndia Railway for the week ending the 18th of
January amounted to £8,051 Os 2d, comparing with
£8,495 16s sd.
The traffic receipts of the Great Luxemburg Rail-
way Company for the week ending March Bth,
amounted to ..£5,734 is Bd, being an increase of
£7lO 15s 3d on the corresponding period of last
Year.
The Buenos Ayres Great Southern Railway con-
tinues to suffer from the prevalence of cholera and
the consequent depression of business. The rec7pts
for the week ending the 19th of January amounted
to £l,being 375 8s Bd, a falling off of £271 19s 4d.
The following is Mr. Sam Menders weekly report of
tile Manchester market, dated March 10th :—" There
Tittle business doing to-day either in yarns or goods.
4, market is very steady at the quoted prices, but
they is not much disposition to follow the advance
1101 v asked."

BRITISH FUNDS—TWO O'CLOCK.
, GOVERNmENT FUNDS.
" Per Cent. Consols
8 Do. Account, April 2 —
Per Cent. Reduced 92 }
Kew 3 per Cent 92 +
er,l° 2i per Cent. Jan. 1894
A -"°. 0 per Cent. ~ an. 1873 —
tluities, SO yrs, expire sth Jan., 1880 — xi
P,O. for 30 yrs, expire sth April 1885 —
t.up (Red Sea Televaph), Au.,., 1908 —
DO (Red
Bills, £l,OOO, 2 per Ct.
Do
.£5OO lO 15 pin
lb , Do. ZlOO & £2OO lO 15 pm
ItAccount
cEenAlnatnd Stock, 4} per Cent 2so}
laldi ha:JUN GOVERNMENT SECURITIES.
lia Stock, 10} per Cent., Aprill87l
••-•,0. Account
E°' 5 Par Cent..fuly, 1880
flc'• 1 per Cent., Oct. 1888
'-'O. Certificates —
1130. Enfaced Paper 4 per Cent B7
10„9' 5, Per Cent., Jan. 1872
i-j,,v -- 5 °i• per Cent., May 1879 —
per Cent., Rup. Deb., 1872 —
Do. do. 1877 —
Do
D • do. 1882 —
„,, •, per Cont.,
o' Deb 5 Cont. Aug. 1873 —
0". IS ond 8, 5 per Cent., £l,OOO
0. under £1,000
Arden FOREIGN FUNDS—TWO CLOCK.
Atititie Republic, 6 per Cent —
I3r 3tV%ohP•ti Bonds, 5 per Cent, 1859
-)„40 5 per Cent 66}
pC 'ti- Per Cent., 185? —
Lo,'' do 1858 do"
De' .1 1800 —
D 0 do.,
5 .. 1863 —
b - . per Gent., 1865
13'1 Account —
U)-,,s Ayres 6 per Cent —
1:),Ib:, 4Per Cent. (Deferred 3 per Cent )
o,il, 6 Per Cent.
Do 'a per Cent —
uo 6
• 1 Per Cent .—
Do' Per Cent. B .
Do.' 1867
Do•' 7„ Per ,Cent., 1866
0 , '''' ''erip .£32 paid
I,,,,Pabian, 6 per Cont.
1:1,41111. 3 P a- Cont., 1825
,Do l'lrL -Principalities, 7 per Cent —
.C. 111,6 Per Cent., 1867 —
'gy 9ra l 7 Pe New Consolidated, 1 per Cent —
tiar Cent —