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

MONEY MARKET

AND
QOMMERCIAL iz7 TELLIGENCE,

-0--

CIT Y, Two o'
The fiat bone which prevailed at the close of the
Stock Markets yesterday continues this morning.
Speculative sales of railways still prevent a recovery,
alid Caledonian are again lower. The character of
the Proceedings now threatened against the board of
this company appeals to have no other effect than of
stimulating the action of speculators to the detriment
of the shareholders. The Funds keep firm, but there
18 very little doing. In Foreign Stocks the market is
steady, and iu shares there is no feature calling for
remark.

The Dizoount Market continues firm at 11 per
cent.

Consols are extremely quiet, at yesterday's prices,
03 to 935 for money and account. New and Re-
duced 3 per Cents., 915 to 92 ex div.; India Five per
Cents., 112.5 to 1125 ; Ban Stock, 249 to 251 ;
Exchequer Bills lOs to 15s pr kem.
Foreign Stocks are steady, but the chief descrip-
tions showed no change. Mexican, 154 to 16 ;
Greek, 125 to 19,4'3 ; New Spanish, 351 to 35t, ; Italian,
sip,
(1861),cr 45 to 451; Turkish (1865), 346)321; Portugueso
to 1 preni. ; Russian (1862), 84 to 85 ; Egyptian
(1864), 86 to 88 ditto Railway Debentures, 925 to
915 ; the Viceli4's Seven per Cents., 735 to -74 ;
and the Nine per Cents. 885 to 89.
The New Honduras Loan is firm, at 1 to 11 prem.
In American Securities, United States' 5-20 Bonds
are steady, at 711 to 715 ; Erie Railroad lower,
at 43 to 44 ;on the other hand, Illinois are better,
at 88/ to 895.
Atlantic and Great Western Railway Debentures
are steady at 27 to 28, and the Consolidated Mortgage
Bonds at 27 to 275.
English railways are flat, at in some instances, a
further decline in prices. Caledonian are a fresh
Per cent. lower, South Eastern 5, and Great Eastern
t• The present prices are : —Lancashire and York-
,shire, 1254 to 126 ; Midland, 1065 to 107 ; South
Lastern, 711 to 725- ; London and North Western,
1155 to 116 ; Great Northern, 104 to 105 ; ditto
A, 1045 to 105 ' • Great Eastern, 29 to 295 ;
Great Western, 445 to 455 ; London, Brighton, and
South Coast, 465 to 47 ; Manchester, Sheffield, and
Lincolnshire, 41k to 415; Metropolitan, 110,E to
1101 ; Caledonian, 805 to 801 ; and North British,
34 to 35.
In Bank Shares there is little business domk.
London Joint-Stock is 5 lower, at 325 to 335 ; while
Union of London is 5 higher, at 34 to 35 ; Imperial
Ottoman flat, at -Is to 5 dis. •, Imperial, 17 to 18 ;
London and Westminster, 675 to 684 ; London and
Uounty, 52 to 53 ; Consolidated, to g ; Chartered
Mercantile, 285 to 295 ; Alliance, 14 to 13 dis.;
Agra (A shares), to 11.
Foreign miningshares attract little or no attention.
St. John dcl Rey, 15 to 17 ; Port Philip Mining,
15 to 15 ; Chontales, lg to 1g- dis.
rinance shares are without movement. General
Credit, 3 to 24 dis. ; International Finance, 25 to 15
dis. ; London Finance 26 to 24 dis.
Scarcely a single transaction is :reported in Miscel-
laneous Securities, and prices are without variation.
Anglo-American Telegraph is quoted at 19 to 19i ;
Atlantic Telegraph Eight per Cents., 55 to 55 ; Lon-
don General Omnibus, 15 to 2 ; Hudson's Bay, 145
to 145 ; National Discount, 101 to 11,5.
There were no bullion operations at the Bank of
England yesterday.
The Agnes Rose has arrived from Sydney with
£19,000 in Australian gold, and the Somersetshire,
from Melbourne, with £72,000. The Maria Pia, from
Lisbon, has brought £42,500.
Au interim dividend at the rate of 12 per cent.
per annum has been declared by the directors of Hol-
combe and Company (Limited).
, A call of lOs per share is announced by the Llan-
nerris Slate Company, payable the 6th of April.
Aressrs. Barings have received a further remittance
of £775 on account of New Granada dividends.
The issue of the last million of additional shares
capital of the Madras Railway Company has been
F°rupleted, and the sum of £657,664 has been paid
1,1,1 to the credit of the Secretary of State for India in
Council on this account.
111 consequence of the continued prevalence of
Cholera, and the consequent slackness of trade, the
receipts of the Buenos Ayres Great Southern Rail-
way, for the week ending the sth of January, show a
decrease of
£245 12s 4d, as compared with the corres-
P°hding period of last year.
An arrangement has been made by which the pay-
-112,, eut of the interest on the obligations of the Nor-
ern of Spain Railway Company will be resumed
fa
rom the month of April next.
Very large arrivals of grain took place at Marseilles
on Friday last—not less than 200,000 hectolitres of
wheat. This movement has imposed a decided check
that
business for the present ; buyers are persuaded
that a fall in prices is inevitable, and they are conse-
quently holding back their orders.
4. Messrs. Rucker, Opper, and Co. report that the
-reight market during February was active, and rates
Were well maintained :—" The future of the height
market must in great measure depend upon the pro-
greys of the Abyssinian war. It is said that the
Government intend paying off a large number of
the transports during next month, and making now
gagemeuts in October if the necessity exist. The
expedition has proved a great boon to our shipping
Interest, not only in providing good employment for
(1 large fleet of ships, but in improving freights
Generally all over the world. If the transports be
Paid off as it is expected, the effect on freights will
be unfavourable."
a The following remarks upon the Manchester markets
j 2, from Mr. Sam Mendel's monthly circular
The trade of these districts, since the beginning of
the present year, has been materially improved, and
vl?ecially so within the month just closed. The low
allle to which cotton had fallen produced a more
activeo demand both for yarns and goods, at prices
yielding a fair, and, to some extent, satisfactory
profit, and at the same time a level of values that
gave confidence to merchants to make investments
Operations rendered it a necessity, as a prudent
tneasure of precaution, on the part of mill-
Zners to extend their cotton purchases to
or o
ousual figures, not only on the spot, but
11 also, to cover contracts. These large cotton
Peraarrui
by the trade at once served to stimulate
tecillators, and for some time considerable excite-
nt resulted, with rapid and almost daily advances,
ftir',ll prices reached such a point as not only to stop
fito 'her purchases, but to shew sufficient inducement
t make resales of cotton by the trade far more pro-
able than either spinning or weaving, and, in like
"r°fitenner, numerous parcels of yarns and goods havep
n resold in this market at prices to yield a good
t en purchases made at the lowest rates, yet much
hstln..der. those currently quoted by producers, and the
Zunth closed with prices shewing irregularity and
Weakness."
tented
report of the Star Life Assurance Society, pre.
71ted at the twenty-fourth annual meeting, announced
at the new business of the society for the past year
4 assurances was £367,915, yielding in annual
Premiums £123,93 5s 11d, and that the balance of
beeeipts over disbursements was £59,509 5s 6d, which
eng added to the insurance fund had increased it to
,„i
,45,160 8s 10d.
e Ile half-yearly meeting of the Van Dieman's Land
"113 any has been called for the 19th inst., for the
Varea dividend.irPese of receiving the directors' report, and to de.
'

BRITISH FUNDS—CLOSING PRICES
, QOVERNICENT FUNDS.
931111
4-,(;=. Ueut. Consols
93 i t
B 'lO. Account, March 5 Oer Cent. Reduced 9li 2i•
-Itrey per per Cent 9lk n2l xd
14' 2i per Cent. Jan. 1894 —
4 °. 5 per Cent. J an. 1873 —
1411141e5, 80 yrs, expire sth Jan., 1880 —
133)°. for 30 yrs, expire sth April 1885 — ttn? (Red Sea Telegraph), AuA., 1908 —
'uecluer Bills, £l,OOO, 2 per Ct.
Dio
£5OO , 10 15 pm
bo
10 15 pm
am,. • £lOO & £2OO
13 of England Stock, 41 per Cent —
of Account
41,1t1.11P4•1'i GOVERNMENT SECURITIES.
Do.—t°ek, 101 per Cent., April 1874
-0,. s'lteeount
bo i per Cent. July, 1880
1210. ' Pez Cent., Oct. 1888
,o Certificates Do. tnfaced Paper 4 per Cent — Co: 5 per Cent., Jan. 1872
Lo sri por Cent., May 1879 u
Doer Cent., Rup.-Dob., 1872 —
do. 1877 —
B, 1),-,°• 1882 —
do.
NI b—eb., 5 per Cent., Aug. 1873 73
pm 1)0 '4onals, 5 per Cent., ..£l,OOO
• under .€1,000
4,,;i3iatr. °REIGN FUNDS—CLOSING PRICES.
40 ~I„"„ltepublic, 6 Cent. 73
mr,,iii7..onds 5 per lBO9
1. ,/,1 per 'Cent _
.60. It per Cent., 1852 _...
1)0. do.,
18:,8 _
0,. do.,
18 :0
1) ,• de.
1863 63
'5 P r
tabu Aceoeu t Cont.,ot 186.3
71}
I;3*
se 6 per Cent —
41. ' Per Cont. (Deferred 3 per Cent )
ae)Ve 6 Per Cent.
1.) 11 G Per Cent _
ij°o'l, Per Cout
tic; .'
Per (3.'nt, B • -8-7-1
O. 7 1867
C 1) o. s; Per )Cent., 1866
~, *) —crip x 3., .
i) iili,ian 4 paid
kilisti , , a per Cent.
u ,4415, °P
I. ii k'44 Princi 1. ••• 7per Cent 66
, 0 ... per ,
,u pa Itils,
I) sf,) , Per Cent
1),, echld issue 84 i
. 440„ ,
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v 44044
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