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

XONIII MARKET

AND
(101MERCIAL INTELLIGENGA,

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

The Discount Market continues firm at 1.-a per
cent.

Consols are extremely quiet, at yeeterday's prices,
93 to 934 for money and account. New and Re-
iluced 3 per Cents., 91,1 to 92 ex div.; India Five per
Cents., 1121 to 112 ; Bank Stock, 249 to 251 ;
Exchequer Eills, 10s to 15s prem.
Foreign Stocks are steady, but the chief descrip-
tions showed no change. Mexican, 15k to 16 ;
Greek, 12/ to 122 ; New Spanish, 352- to 354 ; Italian,
0891) 45 to 451 ; Turkish (1865), 324 to 32k; Portuguese
I
Scrip, to prem. ; Russian (1862), 84 to 85 ; Egyptian
(„,18l ,"), 86 to 88 ; ditto Railway Debentures, 924 to
; the Viceroy's Seven per Cents., 735 to 74 ;
and the Nine per Cents., 884 to 89.
The New Honduras Loan is firm, at to 1/ prem.
In American Securities, United States' 5-20 Bonds
are steady, at 714 to 71i ; Erie Railroad lower,
at 43 to 44 ;on the other hand, Illinois are better,
at 881 to 89k.
Atlantic and Great Western Railway Debentures
are steady at 27 to 28, and the Consolidated Mortgage
Bonds at 27 to 274.
English railways are flat, at in some instances, a
further decline in prices. Caledonian are a fresh
Per cent. lower, South Eastern /, and Great Eastern
t.• The present prices are :—Lancashire and York-
shire, 1255 to 126 ; Midland, 1065 to 107 ; South
..,astern, 712 to 72f ; London and North Western,
i.oi to 116 ; Great Northern, 104 to 105 ; ditto
A, 1044 to 105 ; Great Eastern, 29 to 294 ;
Great Western, 442 to 451 ; London, Brighton, and
South Coast, 465 to 47 ; Manchester, Sheffield, and
Lincolnshire, 41k to 41k; Metropolitan, 110 k to
11°I
to ;3 Caledonian, 80k to 80i ; and North British,
34
In Bank Shares there is little business donut.
London Joint-Stock is lower, at 325 to 335 ; while
Union of London is 4 higher, at 34 to 35 ; Imperial
Ottoman flat, at 4 to k dis. ; Imperial, 17 to 18 ;
London and Westminster, 674 to 684 ; London and
°minty, 52 to 53 ; Consolidated, gtoli ; Chartered
I‘,Tercantile, 28k to 295 ; Alliance, 14 to 13 dis.;
i'gra (A shares), 104 to 11.
Foreign mining shares attract little or no attention.
St. John del Rey, 15 to 17 ; Port Philip Mining,
1k to 14 ; Chontales, 14 to 1*- dis.
Finance shares are without movement. General
Credit, 3 to 24 dis. ; International Finance, 21 to 11
dis. ; London Finance, 26 to 24 dis.
Scarcely a single transaction is
.reported in Miscel-
taneous Securities, and prices are without variation.
Anglo-American Telegraph is quoted at 1911 to 191. ;
Atlantic Telegraph Eight per Cents., 5k to 54 ; Lon-
don General Omnibus, 14 to 2 ; Hudson's Bay, 144
to 14i ; National Discount, 102 to 11/.
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.
An interim dividend at the rate
.of 12 per cent.
Per annum has been declared by the directors of Hal-
combo and Company (Limited).
A call of 10s per share is announced by the Llan-
berris Slate Company, payable the 6th of April.
Messrs. 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
completed, and the sum of £657,664 has been paid
In to the credit of the Secretary of State for India in
Council on this account.
In consequence of the continued prevalence of
'holera, 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 cones-
Ponding period of last year.
An arrangement has been made by which the pay-
Dient of the interest on the obligations of the Nor-
thern of Spain Railway Company will be resumed
from 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
01l business for the present ; buyers are persuaded
that a fall in prices is inevitable, and they are conse-
quently holding back their orders.
Messrs. Rucker, Opper, and Co. report that the
f •
•reight market during February was active, and rates
were maintained :—" The future of the freight
market must in great measure depend upon the pro-
gress of the Abyssinian war. it is said that the
Government intend paying off a large number of
the transports during next month, and making new
engagements in October if the necessity exist. The
expedition has proved a great boon to our shipping
interest not only in providing good employment for
Q large fleet of ships, but in improving freights
generally all over the world. If the transports be
raid off as it is expected, the effect on freights will
be unfavourable."
The following remarks upon the Manchester markets
are from Mr. Sam Mendel's monthly circular
The trade of these districts, since the beginning of
the present year, has been materially improved, and
especially so within the month just closed. The low
clue to which cotton had fallen produced a more
active demand both for yarns and goods, at prices
Yielding a fair, and, to some extent, satisfactory
mat, and at the same time a level of values that
've confidence to merchants to make investments
° P
2:eeely for immediate. and forward delivery. These
rations rendered it a necessity, as a prudent
niec• tire of precaution, on the part of mill-
ners to extend their cotton purchases to
unusual figures, not only on the spot, but
for arrival also, to cover contracts. These large cotton
DPerations by the trade at once served to stimulate
s,speculators, and for some time considerable excite
uient resulted, with rapid and almost daily advances,
P'l4l prices reached such a point as not only to stop
k.uorther purchases, but to shew sufficient inducement
make resales of cotton by the trade far more pro-
Iltahle than either spinning or weaving, and, in like
Vanner, numerous parcels of yarns and goods have
resold in this market at prices to yield a good
Profit on purchases made at the lowest rates, yet much
trader those currently quoted by producers, and the
Inonth closed with prices spewing irregularity and
weakness."
The report of the Star Life Assurance Society, pre
7,3-nted at the twenty-fourth annual meeting, announced
that the new business of the society for the past year
In assurances was £367,915, yielding in annual
Premiums £123,93 5s 11d, and that the balance of
receipts over disbursements was £59,509 5s 6d, which
being added to the insurance fund had increased it to
£745,160 8s 10d.
The half-yearly meeting of the Van Dieraan's Land
Conipany has been called for the 19th inst., for the
Purpose of receiving the directors' report, and to de,
elate a dividend.

BRITISH I,I7NDi-TWO O'CLOCK.
GOVERNMENT FUNDS.
ti°r Ueut. Consols
3 be. Account, March 5 93 1
Per Cent. Reduced 9l} 2-1
ew , 3 per Cent 9ll, 2}
"' 21 por Cent. Jan. 1894 -
4 N. 5 per Cent. J an. 1873 -
11,enities, 30 vrs, expire sth Jan. 188 P -
,ue. for 30 yrs, expire sth April 11.885 -
E
Do (Red Sea Televaph), Au..., 1908 -
h
rteoquer Bills, £l,OOO, 2 per Ct.
Do
£5OO lO 15 pin
I)°in
Dlt of England Stock, 41 per Cent -
o. Account
Indi:IPIAN GOVERNMENT SECURITIES.
3)o.7ecelcoulnOit per Cent., April 1874 "' -
b 0 - •
0 per Cent. July, 1880
B 0• Certi. 4 pet-
fica Cent., Oct. 1888
D,
tes -
IV°. Enfaced Paper 4 per Cent -
bo: 55 Per Cont., Jan. 1872 -
bo 5. Cent., May 1879
Per Cent., Rep. Deb., 1872 -
Do do. 1877 -
1)0
D`" D , 1884 • do. -
I.),,.,„ndi°e,
s 5 per Cent., Aug. 1873 -
1)-0. u -Don, 5 por Cent., £l,000
er £1..000
I(
POJABIGN FUNDS; -TWO °LOC .
4r
-Cent'
du .t . `9O Republic, 6 per Cent 73
trW t"tu nond,, 5 per Cent. 1859 -
tiliailli 5 per. Cent _
.I),','' 9 Per Cent., 1852
...._
1)0: do., 18;8_
i)_ d,,., 18 :11 - ii,c),., do., 1863 63
~ 1.),-, Ad Per Cont., 1865 -
.tiii„,-,•ecount 7l-
l Ayres 6 per Cent -
0,1;1 2,Per Cont. (ILferrecl 3 per Cent ) - et...iiii .., nor Cent
.1.)0.1,16 Per Lent -
1..)
_.,4 Per Cent - 1,9. 0 per Cent B • -
Do,'
~. 1867 i
o' Per Ccut., 1866 9l
C ), n'',l-eriP, £32 paid
hz,tai19...,0, 6 per cent - tlin43l. ' P 't. Cent. 18.'5 -
bo
41411 Principalities 7 per Cent 66
..114.,:f Per ent., 1867 '
46 °I. li'vf (-; . l'd t d Iper
ay ~.,- un,,o i it.e , Cent. -
1),;.
,if.,"! ' per C'en, !Gd Issue ~ 84
v., 400 1304 A ssss
851
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