The Sun.
London, England, 1868-02-11 00:00:00

MONEY. MARKET

AND
COMME RC lAL INTELLIGE NCB,

CITY, Two O'CLOCK.

The stock markets show but little animation, and
rxeept in the English Funds, which are steady, the
tendency is rather unfavourable. Railways have
receded in some cases a point or two, with the excep-
tion of Great Eastern, which have advanced. In
Foreign Stocks the two features have been a further
decline in United States' Five-Twenty Bonds, and a
relapse of /in Spanish New Three per Cents. The
latter arises from the contingency of a rupture be-
tween the Bank of Spain and the Government on
the application proposed to be made of the Bank's
reserve.

11.Ioney in the open market remains at about 1# per
cent. on first-class commercial bills, and supplies are
as full
.as ever.

Consols aro without change, at 93k to 934, for
money and account ; New and Reduced Three per
Cents., 931 to 93- ; India Five per Cents., 111/ to
114 ; Bank Stock, 248 to 250 ; Exchequer Sills, 20s
to 25s prem.
The,chief feature in Foreign Securities is the de-
pression of Spanish New Three per Cents. upon the
Ministerial difficulty at Madrid. At 36k to 36i there
is a reduction of 4 ; otherwise there is not much
change. Mexican, 15/ to 164; Greek, 12k to 13 ;
Turkish, 32g. to 32/ ; Italian, 43/ to 44k ; Portuguese
Scrip, 14 to 1g prem. ; Egyptian Nine per Cents.,
924 to 92/; ditto (1862), 89 to 91 ; and Railway
Loan, 922 to 93k.
The New Honduras Loan is steady, at /, 14 prem.
Colonial Bonds are steady ; Canada Six per Cents.,
are enquired for at 99 to 101 ; Mauritius Six per
Cents., 103 to 105 • New South Wales Five per Cents.,
99 to 101 ; New Zealand Six per Cent., 108 to 110 ;
Queensland Six per Cents., 103 k to 104 k ; Victoria
Six per Cents., 110 to 111.
In American Securities, United States 5-20 Bongs
are lower, at 71k to 714. Erie Railroad k better,
at 47k to 48k. Illinois steady, at 87k to 88k.
Atlantic and Great Western Railway Debentures
remain firm at 26 to 28, and the Consolidated Mort-
sage Bonds have risen k to 24 to 25.
English Railways are rather flat. Midland have
Fallen k at 105/ to 1064 ; Great Northern, at 109 to
110, ; and Caledonian' at 76/ to 76/, Metropolitan,
at 1081 to 1081, Great Western, at 46 to 46k, and
London and North Western, at 117/ to 118 i, k each.
On the other hand, Great Eastern are g higher, at
30k to 31 ; Great Northern A at 110 to 111 ; and
Lancashire and Yorkshire k, at 1264 to 1261. There
is no change in South Eastern, at 71k to 71/
Sheffield, 43 to 43k ; and Brighton at 451 to 46k.
Bank shares are generally firm, but the transactions
are limited. Chartered Mercantile is quoted k better,
at 28 to 29 ; Imperial Bank -4, at 'l7k to 18 ; and
Imperial Ottoman k at 17k to 18. Agra (A shares)
steady, at 11 to 11;; Alliance, 13 to 12 dis. ; Ang,lo-
-Austrian, 3i to 31 prem. ; London and Westminster,
52 to 54; London and County, 52 to 54 ; London
Joint Stock Union of London, 33k to 34k.
Miscellaneous securities are without feature, the
only movement being in Thames and Mersey Marine
Insurance Company, and Hudson's Bay Company,
the former being better, while the latter is k lower.
Anglo-American Telegraph Company, 19i to 19g ex
div. ; Atlantic Telegraph Eight per Cent., 5 to 5k ;
ditto Ten per Cent., par to i prem. ; National Dis-
count, 11 to Hi ; Egyptian Trading, 4/ to 4k dis. ;
General Credit, 2g to 2i dis. ex div.
The ordinary half-yearly meeting of the Taff Vale
Waggon CornoanY has been called for the 25th inst.
The annual general meeting of the Gray's Chalk
Quarries Company will be held on the 28th inst.
he sum of £86,000 in bar gold was taken from
the Bank yesterday for export.
The Humboldt has arrived at Liverpool with £23,000
in specie from the River Plate.

The fortnightly settlement-On the Stock Exchange
commences on Wednesday and closes on Friday.
The latest political advices from Portugal state that
order has not yet been folly re-established, inasmuch
as a serious oncute has just broken out at Braga with
.reference to the movement of some. breadstuffs that
were being carried to Oporto. The military escort of
the grain and the people came to blows, and a con-
siderable number of the latter were wounded.
The MI 'in Metropolitan Railway Stock yesterday
was attributed to a statement that Mr. Parsons, the
chairman, had been summoned before the Court of
Chancery to show cause why he should not be com-
mitted for contempt of court in having declared a
dividend at the rate of 5i per cent. per annum, in
Lace of the injunction granted by Vice-Chancellor
Wood.

A combination is said to have been effected by
which the Credit Mobilier of Paris, the" Credit
Mobilier of Spain, arid the Northern Railway of Spain
are likely to be liberated from some portion of
the engagements by which their activity is now
paralysed. The obligations of the Northern of
Spain are to be withdrawn, and 326,000 new
obligations emitted. The proposal is now before the
Spanish Government, and, if it is approved and
adopted by the present holders, it will enable du
Northern of Spain to relieve itself from the Credit
Mobilier of Spain, which, in turn, will disengage
itself from the Credit Mobilier of Paris, by buying
back the 57,000 of its shares held by the latter.
The following is from Messrs. Jackson and Till's
Monthly Rice Circular :--
"Since the issue of our January Circular, we have expe-
rienced a steady demand, and a gradually hardening market,
the value of soft grain descriptions having increased lid
to 3d per cwt. With one or two.exceptions, where the
Parcels bought were for export, the whole of the business
has been on cleaner's account, the demand for cleaned rice
having considerably revived, both for export and the home
trade. For floating carges full prices have been paid,
notwithstanding the lateness of the shipment, when the
inality is usually inferior, and for spring shipment fully 6d
Per cwt. advance has been realised in one or two cases for
moderate size cargoes. The latest telegrams from the rice
Ports give the opening prices for the new crop as follows—
liarcmg 4s 9d, Necransie 5s 3d, Rangoon 5s 10d to 6s per
cwt., f.0.b.. Freights ruling at £4 5s to £4 lOs per ton.
At these rates Necransie would stand in about 10a 9d to 11s
Per cwt., and Rangoon lle 6d to lle 9d per
cwt., Continental terms. Should the Abyssinian
expedition not terminate before the summer, we do
not anticipate any decline in these figures, as the
scarcity of tonnage will operate materially against
excessive supplies of rice coming forward to Europe. A
cargo of 1,400 tons of Saigon rice has been sold at lle 6d
for Bremen, without guarantee of quality. In fine white
Bengal further sales have been made at from 16s to 17s per
.?wt- ; but, owing to the inferiority of this season's crops,
judging from the samples already to hand, buyers have
lately abstained from further operations until actual over-
land samples of each parcel are shown. Madras rice has
alig ht!), declined, there being sellers now at lle 7401 to lls
9d per cwt. The quantity now afloat for Europe is 50,499
tons, against 11,527 tons last year, and the stock here is
41.471 tons against 26,150 tons.
The following is Messrs. Layton's circular, dated
last night, in reference to the February indigo sales :--
"The first periodical sale of the year, comprising 4,854
chests, commenced this morning. There was a fair attend-
!nee of buyers from the country, but scarcely any from the
Continent. Compared with the auctions of October, prices
may be quoted as follows :---Bengal, 8d to 10d advance ;
Oude and Plant Oudes, 6(1 to 8d ditto ; ;Madras, 4d ditto ;
Eurpab, 8d to 10d ditto. Of the 1,140 cheats which
Passed the sale today, 585 chests were sold, 193 bought
and 362 chests withdrawn."
Mr. Effingham Wilson, of the Royal Exchange, nab
Published an exceedingly valuable work under the
designation of "A Comprehensive Analysis of the
Capital and Revenue of the Railways of the United
1 i3gdorn." The author is Mr. H. E. Bird, accoun-
tant, of Gresham-buildings, Basinghall-street,who has
brought to this subject the benefit of a wide
Practical experience, the result being a series of tables
Which afford a complete view of the position of every
_railway in the United Kingdom, down to the half-
year ending June last. We commend the work to
favourable attention, as indispensable to every class
....idv every interest desirous of ascertaining for them-.
.ea the true conditions of a property in which
v2pital is invested equal to more than half the princi-
pal of the National Debt.
bo:,ll.e_ total quantity of rice afloat for Europe is
Leriiu9 tons aminst 11,527 tons in the corresponding
oad. of last year. During the past month soft grain
advanced lid to 3d per cwt.
the indigo sales now in progress, as compared with
the October sales, show an advance of 8d to 10d in
pu,_Price of Bengal, 6d to 8d in Oude and Plant
,;,res, 4d in Madras, and 8d to 10d in Kurpah.
itit'_u deliveries of tea in London for the past week
6 canted to 2,690,4341b5, being a decrease of
Thei6slhs as compared with the previous week.
evit..present stock of tallow in London is 33,729
1,42, against 36,652 cwts. for the corresponding 4440 of last ye
1864.ar ; 42,593 in 1866 ; 48,039 in 1865 ;,
012,845 i n

BRITISH FUNDS—CLOSING PRICES.
8 GOVERNMENT FUNDS.
139 ()btu. Consols
Isiatiell:ver.3.
CApe
Per
O.
on tnt
Reduced March
931 + It
93i I i it
er,w 21 per Cent. Jan. 1894 _
A '''°. 5 per Cent. d an. 1873 —
tbiluities,' 80 vrs, expire sth Jain. 188 P —
Do
for 30 yrs, expire sth April 'lBBs
02 (Rod Sea Televaph),
"e'qu er Bills, £l,OOO, 2 &2i per Ct 2O 24 pm
Do
1)0.
.£5OO 2O 24 pm
)3 £lOO 24 pin
IL*. of England Stock, 41 per Cent 248 50
O. Account
15t,.....
Indian vtOVERNMENT SECURITIES.
, 7tock, 10i per Cent., April 1874 —
Do.
4'o. Accou t "
5 0
' Per Cent. July 1880
4, per Co, t _ _ _

Dl. .
•.... uent., Oct. 1888
101 lio Certificates — rio• Eufaced Paper 4 per Cent B7/ is,
1031
12,°. 5 per Cont., Jan. 1872
1). .
lost
,r,-• 01 per Cent.. May 1879
'".°ls 5 per Cent., Rup, Deb., 187-2 —
Do.
do. 1877 lo3}
I, Do.
do. 1882 lO3l 4
'''c'; Deb., 5 per Cent., Aug. 1873 ...., 105}