The Sun.
London, England, 1868-02-22 00:00:00

DI 0 E'l MARKET

AND
c,II7II.,'IMERCIAL INTELLIOY,Nt:A

CITY, Two O'CLOCK.

The Stock Markets are generally well supported,
with the exception of American Securities, which
have in some instances relapsed. The funds have
recovered to the improved price of yesterday, and
railways are for the most part inactive, yet showing
firmness. In the Foreign Market both Turkish and
Italian Stocks have improved, and Egyptian are
better. Portuguese• Stocks are flat.

There is little demand for money, and rates for
the best bills remain at 18 per cent., with very full
Consols are firm, at an improvement of 1, being
quoted at 981- to 981 for money and account. Ne w
and Reduced Thret, per Cents., 931 to 931 ; India
Five per Cents., 112 to 1121 ; Bank Stock, 248 to
250; Exchequer Bills, 12s. to 17s. prem.

The chief feAture in Foreign Stocks is the demand
for Italian and Turkish, the former at 46 to 461,
are 4 better, and the latter, at 32+ to 33+, have ad-
vanced 1. Egyptian and Brazilian are also firmer.
The quotations current are :—Mexican, 151 to 161 ;
Greek, 12+ to 13 ; New Spanish, 361 to 36+ ;
Italian (1861), 46 to 461 ; Turkish (1865), 32+ to
33i ; Portuguese, 39f to 40 ; Egyptian (1864), 87
to 88 ; do. Railway Debentures, 91 to 92 ; Vice-
roy's Seven per Cents., 741 to 754 ; and the Nine
per Cents., 881 to 894; Russian (1862), 85 to 86 ;
and Brazilian (1865), 74 to 75.
American Securities are flat. United States 5-20
Bonds are I lower, at 71+ to 71+ ; Erie Railroad
and Illinois, each 1 lower, being quoted at 45 to
46, and 87+ to 88+ respectively.
Railways are quiet and without average improve-
ment at the following quotations :—Lancashire and
Yorkshire, 1274 to 128 ; Midland, 1071 to 1071 ;
South Eastern, 72/ to 721 ; London and North
Western, 1181 "to 1181 ;, Great Northern, 107 to
108 ; ditto A, 108 to 109 ; Great Eastern, 291 to
30 ; Great Western, 46 to 46+ ; Brighton, 451 to
461 ; Sheffield, 42 to 42+ ; Metropolitan, 111+ to
112 ; Caledonian, 83 to 84 ; and Chatham, 19
to 19i..
Bank shares are extremely quiet, and not a single
variation is quoted in prices. Agra (A shares), 101
to 111 ; Alliance, 13+ to 12+ dis. ; Chartered Mer-
cantile, 28 to 29 ; Imperial Bank, 17+ to 18 ; Lon-
don •and County, 52 to 53 ex div. ; London and
Westminster, 68 to 69 ; Union of London, 34 to
85.

Foreign mining shares are unaltered. St. John
del Rey, 15 to 17 ; Port Philip Mining, 11 to 11 ;
Chontales, 1 to 11 dis.
Miscellaneous Securities are without feature. The
only change is a decline of 1 in Hudson's Bay, which
is quoted at 141 to 141; London General Omnibus,
1.1 to 2i ; National Discount, 10 to
The directors of the Submarine Telegraph Com-
pany have issued their half yearly report. A sum
of £2,696 is added to the reserve, while debenture
bonds, to the amount of £l,OOO, have been paid
off; and a balance is left of £6ll, after payment of
a dividend at the rate of 5 per cent. per annum.
The Anglo-Austrian Bank, in concert with Messrs.
Erlariger and Son, and Mr. Springer, has contracted
with the Prince Rodolph Railway Company for
the emission of £1,250,000 in Obligations, and
£1,250,000 in Stock, under a five per cent. guaran-
tee from the Austrian Government. The subscription
will take place in Frankfort and Viennas
The Stock Markets are generally well supported
with the exception of American Securities, which have
in some instances relapsed. The funds have recovered
to the improved price of yesterday, and railways are
for the most part inactive, yet showing firmness. In
the Foreign Market both Turkish and Italian Stocks
have improved, and Egyptian are better. Portuguese
Stocks are flat.
There is little demand for money, and rates for the
nest bills remain at 11 per cent., with very full sup-
plies,

Consols are firm, at an improvement of being
quoted at 98k to 984 for money and account ; New
and Reduced Three per Cents., 93i to 93i ' • India
Five per Cents., 112 to 1124; Bank Stock, 248 to
250 ; Exchequer Bilks, 12s to 17s prem.
The chief feature in Foreign Stocks is the demand
for Italian and Turkish, the former, at 46 to 464, are
better, and the latter, at 32k to 33k, have advanced t..
'Egyptian and Brazilian are also firmer.. The quota-
tions current are :—Mexican, 151 to 161 ; Greek, 12-15
to 13 • New Spanish, 36i to 36k ; Italian (1861), 46
to 461 ; Turkish (1865), 324 to 33; ; Portuguese, 39i
to 40 ; Egyptian (1864), 87 to 83 ; ditto Railway
bebentures, 91 to 22 ; Viceroy's Seven per Cents.,
74f to 741 ; and the Nine per Cents., 8q- to 89± ;
Russian (1862), 85 to 86 ; and Brazilian (1865), 74
75.

American securities are flat. United States 5-20
Bonds are lower, at 71a to 711. Erie Railroad
and Illinois, each 1 lower, being quoted at 45 to 46,
and 87i to. 88i respectively.
Railways are quiet and without average improve,.
Meta at the following quotations :—Lancashire and
Yorkshire, 127 k to 128 ; Midland, 1074 to 1071 ;
South Eastern, 721 to 73k, ; London and North
Western, 1184 to 1181 ; C.'xreat Northern, 107 to 108 ;
ditto A, 108 to 109 ; Great Eastern, 291 to 30 ;
Great Western, 46 to 46k ; Brighton, 45/ to 464 ;
Sheffield, 42 to 42; ; Metropolitan, 111 k to 112 ;
Caledonian, 83 to 84; and Chatham, 19 to 19k.
Bank shares are extremely quiet., and not a single
Variation is quoted in prices. .Agra (A shares), 101
to 114 ; Alliance, 1312 to 12i dis. ; Chartered Mer-
.oantile, 28 to 29 ; Imperial Bank, 17i to 18 ; London
:and County, 52 to 53 ex div. ; London and West-
Minster, 68 to 69 ; Union of Lyndon, 34 to 35.
Foreign mining shares are unaltered. St. John del
Rey, 15 to 17 ; Port Philip Mining, lt to 1 ; Chon-
tales, 11 to lk dis.
. Miscellaneous Securities are without feature. The
only change is a decline of in Hudson's Bay, which
is quoted at 141 to 14i ; London General Omnibus,
1k to 2h ; National Discount, 101 to Ht.
The Directors of the Submarine Telegraph., Company
have issued their half-yearly report. A sum of
...t2,096 is added to the reserve, while Debenture
Lends, to the amount of £l.OOO, have been paid off ;
a
and balance is left of £6ll, after payment of a
dividend at the rate of 5 per cent. per annum.
Marseilles advices to the 18th inst. report consider-
able arrivals of wheat from the Black Sea and Dann-
. bian ports, which had slightly checked business, but
that prices still remained firm.
.The proposed conversion of the Tunisian debt Is
encountering considerable opposition in Paris, and its
success seems to be doubtful. Part of
ie plan
includes the creation of a National Bank of Tunis,
with a capital of 1:400,0b0, with power of increase to
£2,000,000, of which th.: present holders of the debt
May subscribe one-fourth. _

The Anglo-Austrian Bank, in concert with Messrs.
Erlanger and Son, and Mr. Springer, has contracted
With the Prince Rodolph Railway Company for the
41mission of £1,250,000 in Obligations, and £1,250,000
HI StQck, under a five per cent. guarantee from the
Austrian Government. The subscription will take
Place in Frankfort and Vienna.

The next hiddings for India Council Bills are an-
nounced for the 4tb of March, wh:n the amount
offered will be £200,000, exclusively on Calcutta and
Madras.

There were again no bullion operations at the Bank
Yesterday, and as the foreign demand for grain is in-
creasing, this feature is likely to continue.
The following is from the Paris correspondence. of
the economist of to-day :—" A singular action was
4 few days ago brought before the Tribunal of Corn-
tierce. Mr. Laing, M.P., .Sir Drummond Wolff,
and two or three other English capitalists, together
with Mr. .Erlanger, banker.of Paris, represented that
they had, sometime ago, sent Mr. Merton, who is well
'own on the Paris Bourse, to Constantinople, to
obtain for them the operation of converting the
Ottoman debt, and to make for them certain financial
combinations ; and they confided to have a large sum
of money, £BBO,OOO, it was said, for the purpose of
securing the co-operation in their 'projects of influ-
ential personages of the Turkish Government. It was
understood that Mr. Merton was to dispose of this
money according to his discretion, and not give any ac-
count of it. But circumstances had occurred which made
them desire an account, and the, prayed the tribunal
to order that Mr. Merton should produce one. Mr.
Merton
represented that the terms of agreement be-
tween him and the plaintiffs did not permit the action
to be maintained. The tribunal held that what the
parties had done was 'contrary to morality and public
order,and that a convention which had fur its
foundation
the accomplishment of an illicit act was
I'llll in itself,' and could not be maintained in a court
of law. The action was accordingly dismissed."
The latest return of the traific upon the Scinde
-tailway, that for the week ending 15th December,
BLlows a very marked increase. The receints during
the week amounted to £4,907 16s 9J, or £2,093 Cs 3u
more than in the corresponding week of the previous
year.

It is stated in advice of the 18th inst., from Vienna,
ttat applications were received for. 826,050 shares in
e applications
ngarian Bank. The 15 000 shares for
11„hiell subscriptions had been invited were allotted on
inst. in London, and on the 18th at Vienna.
ne Anglo-Austrian Bank have taken over the old-
established banking business of -Messrs..Henikst,in
44-4 Qz. 0 Vivalaa.