The Sun.
London, England, 1868-03-12 00:00:00

HONEY MARKET

AND
COMMERCIAL itITELLIGENO,

CITY, Two O'CLOCK.

The fortnightly settlement continues to form the
chief occupation of operators. There is consequently
little or no change unconnected with this event, and
the markets are quiet. The English funds, excepting
Indian Government Securities, are kept at late
prices, in spite of short supplies by the
almost daily increasing probability of an early
firivance in the Bank rate. In Shares, Great
Western met with a good demand at a further re-
covery, but Great Eastern are flat still, and the price
Is again lower. The continental lines are heavy upon
Speculative rates to a small extent, but Canadian are
Jinn. Cable shares have shown increased strength.
The disc: mt demand keeps very firm at 11 per
cent, for first-class short-dated paper. The supply
falling off, and there is more competition for dis-
count.

Consols are without change, at 93 to for money
and account. New and Reduced Three per Cents.,
92 to 1. India Five per Cents. are firm at yesterday's
vance, 11-1.11 to 115. Bank Stock, 249 to 251.
Exchequer Bills, lOs to 15s prem.
A very limited business is doing in Foreign Govern-
pre;tlySecurities, the attention of operators being
lamely
taken up with the account. As compared
with the closing prices of Yesterday, Egyptian Railway
bonds are better ; Orel-Vitetske, ; and Turkish,
4-1 while the Viceroy's Nine per Cents. are /
lower, and Mexican The quotations are:—Mexican,
151- to 16 ; Greek, 121 to 12 ; New Spanish, 352 to
363 Italian (1861), 45;3- to 451; ; Turkish (1865),
324- to 33 ; Portuguese Scrip, 2 to 1/ ; Egyptian
(1864), 864 to 87 ; and Orel-Vitetske, 772 to 78.
The New Honduras Loan is steady at 2 to 1/ prem.
In American Securities, United States 5-20 Bonds
are lower, at 71A to 712. Erie Shares are steady
at 49 to 50. Illinois unaltered at 894 to 90.
Atlantic and Great Western Railway Debentures
have risen to 27 to 28, and the Consolidated
NI-ortgage Bonds to 29 to 30.
Colonial Bonds are steady. Canada Six per Cents.
are inquired for at 100 to 101 ; ditto Five per Cents.,
86i to 87i ; Mauritius Six per Cents., 104 to 106 ;
New South Wales Five per Cents., 99 to 101 ; New
Zealand Six per Cents., 108 to 110 ; Queensland Six
Per Cents., 102 to 103 ; Victoria Six per Cents., 110
to 111.

English Railway Shares are not in much request,
and the changes in prices are of little importance, the
principal feature being an improvement of in Great
Western, at 47 to 47-!3-. Lancashire and Yorkshire
are -k better, at 1252 to 1265 ; and Metro-
politan is also 5 higher, at 1135 to 1132. On the
other hand the Manchester, Sheffield, and Lincoln-
shire is k lower, at 41 to 411 ; and South-Eastern and
Great Eastern 5 each, the former being quoted at 72
to 721 ; and the latter at 31 to 315. Midland, 106
to 1064 • London and North Western, 1155 to
1151 ; Great-'
Northern, 1051 to 1061 ; ditto (A),
1024 to 103 k • London, Brighton, and South Coast,
484 to 49 ; Caledonian, 82 to 824 ; London, Chatham,
and Dover, 155 to 152..
Foreign Railways are rather dull, but prices are
without material alteration, except Lombardo-Vene-
tian, which is 5 lower, at 145 to 142. Luxemburg,
9a to 94.
Foreign Mining Shares meet with little attention,
and the only movement in prices is a relapse of 5 in
Chontales, which are now quoted at 15 to 1 dis. St.
John del Rey steady at 165 to 171. Port Philip,
15 to 11.
In Bank Shares there is a moderate business doing,
but the only variations in prices comprise an advance
of 1 in London Joint Stock, and a fall to a like amount
in Imperial, the former being quoted at 33 to 34,
and the latter at 164 to 174- ; Alliance steady, at 144
to 134 dis.; Chartered Mercantile, 284 to 291 ;
ottoman, 4to dis.; London and County, 52 to
53 ; London and Westminster, 675 to 685 ; Oriental,
42 to 43 ; Union of London, 334 to 34k.
Finance Shares are dull. International Finance is
lower, at 25 to 15 dis. ; Credit- Foncier, 3 to 35 ;
General Credit, 2i to 2i dis. ; London Finance, 251
to
_244 dis.

The dealings in Miscellaneous Securities continue
to be very limited, and prices are little
altered. Anglo-American Telegraph k better, at
.22i to 221 ; Atlantic Telegraph, 8 per cent.
Is firm, at 5g to si, being a shade higher ; Thames
and Mersey Marine Insurance k better, at 2/ to 2i
Pnrem.) Hudson's Bay, 14i to 14R- ; London General
Omnibus, 1 to 2; Fore-street Warehouse, 1i to 1 dis.
Including the withdrawal yesterday of £20,000 in
gold coin, the amount taken from the Bank this week
on balance is £72,000.
The City of Boston, from New York, brings £l,OOO
In specie.
As showing the increasing probability of an early
shipment of silver to the East to pay for cotton,
India Council Bills have changed hands at an advance
of 2 per cent. upon the price obtained at the last
biddings.
The Bank of Australasia announces a dividend and
bonus for the past half-year at the rate together of 10
132 r cent. per annum free of income tax, payable the
14th April. This distribution compares with 14 per
cent. for the corresponding period of last year.
It is stated that the Porte has signed a finnan con-
ceding to a company of Belgian capitalists the con-
struction of a network of local railways in European
Turkey. The locality is not stated.
A general court of the governor and company of the
Bank of England will be held on the 19th inst.' when
a dividend will be declared of 4 per cent. for the
half-year ending February 29. The election of
governor and deputy-governor will take place on the
14th April, and that of directors on the 15th April.
At the half-yearly meeting yesterday of the Great
Laxey Mining Company a dividend of lOs per share.
The receipts of the Bahia and San Francisco Rail-
Way Company for the week ending the Ist of February
Rail-
amounted toy £1,082 7s 10d, being au increase of
4351 2s.
The official liquidator of the Contract Corporation
(Mr. C. F. Kemp) has announced the payment of a
further dividend to the creditors of is 6d in the
pound, at his offices, No. 8 Walbrook, on Friday
text.

The half-yearly meeting of the Bedford and
Northampton Railway Company has been called for
the 27th inst., for the transaction of the ordinary
business of the Company.
A- General Meeting of the shareholders of the
Belgian Eastern Junction Railway Company will be
held on the 31st inst., in Brussels, and a special
meeting will be held in London on the 28th inst.
Alessrs. E. F. Satterthwaite and Company's review
of the London market for American Securities is as
follows ;_cc The London market for American securi-
ties has been more active during the past week than
for some time previous. The price of United States
Government Securities has been well maintained, the
5-20's of 1862 closing 71ft to 71i, and the 1865 issue
701 to 70k, the latter showing more firmness. We
have to observe a growing disposition to invest in the
Five per Cent. 10-40 Bonds, owing to the clearly
defined obligation of the Government to redeem
the bonds at maturity in coin. In railroad
shares, Illinois Central have been well supported ;
they close steady at 89k to 891. The chief feature
of the week has been the movement in Erie
Shares, though the fluctuations have been small cora-
-1 ared with those reported by telegrams from New
York, where the difference in a single day has been as
much as $lO per share ; here, they advanced rapidly,
Lroin 47 to 50, but there is at the close a slight re-
action. The settlement of the account to-day has de-
veloped a short supply of stock, as much as is 6d per
share having been paid for the loan of stock until next
Bettlement. A very large business has been done in
Atlantic and Great Western Consolidated Mortgage
Bends ; they touched 30, at which price there was a
8,413P1y. They close exactly 29. The improvement
to Virginia Six per Cent. Bonds, to which we alluded
'll, our last, has continued, and they leave off at an
advance of 2 per cent.—viz., 34 to 35."

BRITISH FUNDS—TWO O'CLOCK.
8 GOVERNMENT FUNDS.
per Lent. Consols
g 'Jo. Account, April 2 —
kiper Cent. Reduced 92 i
ti." : '', 3 per Cent 92 4
11/7 2 per Cont. Jan. 1894 —
A —°. per Cent,. J an. 1873 1034
4.Neuities, 30 yrs, expire sth Jan. 1880 — ad
,-,'"O. for 30 yrs, expire sth April 'lBB5 —
t uo (Red Sea TeKraph), Au,,., 1908 —
tellequer Bills, £l,OOO, 2 per Ct.
Do £5OO Pm
Dan t:De- £lOO & £2OO pm
, of England Stock. 44 per Cent 249 51
ae• Account
14,1. INI)IAN GOVERNMENT SECURITIE.
1,14 •V toek, 104 per Cent., April 1874 x —
p°.s'' ccount
per Cent. July, 1880 ' 11,4 151 144
n.• 4 petificates Oct. IDBBS
1021 1004 1
-o• Cer 4
D°• Enfaced Paper 4 per Cent —
°• 5 per Cent., Jan. 1872
Do. -01 ~
per Cent., May 1879 —
v Doer Cent., Rap. Deb., 187')
. do. 1877 —
D,Do
• do. 1882 —
p -
I_,Deb., 5 per Cent., Aug. 1873
b • &.onds, 5 per Cent., £l,000
.Do.• 4t
Ar .., . FOREIGN FUNDS—TWO CLOCK.
.4kipite.tine Republic, 6 per Cent —
lir, 1,1.31:1 Bonds 5 per Cent. 1859
5 per 'Cent —
bo° t Per Cent., 1852
1))0*• do., 188....-
° -
d0.,.'
_O. 18.i0 —
bo do., 1863 • 644
ii 5 Per Cent., 1865
1:1 4 i
c's Ayres 6 per Cent —
elb, 2 per Cent. (Deferred 3 per Cent;)
Ugly' 6 Per Cent.
.1) I," 6 per Cent
,''' 4,i Per Cent —
4-10, 0 .....'
Per Cent., B •4 '
.16 tttttttttt pi --4