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

3101.1/44EY MARKET

AND
COMMERCIAL LNTELLIGEN CR,

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
advance i❑ 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
firm. Cable shares have shown increased strength.

The discount demand keeps very firm at 1 per
cent. for first-class short-dated paper. The supply is
falling off, and there is more competition for dis-
count.

Consols are without change, at 93 to I,- for money
and account. New and Reduced Three per Cents.,
92 to India Five per Cents. are firm at yesterday's
a 'Vance, 1144 to 115. Bank Stock, 249 to 251.
Exchequer Bills, 10s to 15s prem.
A very limited business is doing in Foreign Govern-
ment Securities, the attention of operators being
largely taken up with the account. As compared
With the closing prices of yesterday, Egyptian Railway
Bonds are 44 better ; Orel-Vitetske, ± ; and Turkish,
; while the Viceroy's Nine per Cents. are f
lower, and Mexican The quotations are:—Mexican,
15i to 16 ; Greek, 12± to 12/ ; New Spanish, 35/ to
36_; Italian (1861), 45g to 45i ; Turkish (1865),
324- to 33 ; ortuguese Scrip, / to 1i ; Egyptian
(1864), 86i to 87i ; and Orel-Vitetske, 77/ to 78.
The New Honduras Loan is steady at / to 1/ prem.
In American Securities, United States 5-20 Bonds
are lower, at 71i to 71/. Erie Shares are steady
at 49 to 50. Illinois unaltered at 89k to 90.
Atlantic and Great Western Railway Debentures
have risen to 27 to 28, and the Consolidated
Mortgage Bonds I, to 29 to 30.
Colonial Bonds are steady. Canada Six per Cents.
are inquired for at 100 to 101 ; ditto Five per Cents.,
86a 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 47k. Lancashire and Yorkshire
are it better, at 125 k to 126 k ; and Metro-
politan is also higher, at 1131 to 1131. On the
other hand the Manchester, Sheffield, and Lincoln-
shire is 1 lower, at 41 to 411 ; and Soutb-Eastern and
Great Eastern each, the former being quoted at 72
to 74 ; and the latter at 31 to 31i. Midland, 106
to 106 k ; London and North Western, 115/ to
115. ; Great Northern, 1051 to 106 k ; ditto (A),
102 i to 1031. ; London, Brighton, and South Coast,
,- 48 to 49 ; Caledonian, 82 to 821 ; London, Chatham,
and Dover, 15k to 15k.
Foreign Railways are rather dull, but prices are
without material alteration, except Lombardo-Vene-
tian, which is k lower, at 14i to 14k. Luxemburg,
9a to 91-.
Foreign Mining Shares meet with little attention,
and the only movement in prices is a relapse of * in
Chontales, which are now quoted at lf to 1 dis. St.
John del Rey steady at 16i to 17k. Port Philip,
toile.
In Bank Shares there is a moderate business doing,
but the only variations in prices comprise an advance
of 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 16k to 17-k ; Alliance steady, at 14k
to 13k dis.; Chartered Mercantile, 28k to 29-k ; Impe-
rial Ottoman, if to k dis. ; London and County, 52 to
53 ; London and Westminster, 67k to 68i ; Oriental,
42 to 43 ; Union of London, 33i to 34k.
Finance Shares are dull. International Finance is
1 lower, at 2i to 1 dis. ; Credit Foncier, 3 to 31- ;
General Credit, 2a to 211 dis. ; London Finance, 254
to 24- dis.
The dealings in Miscellaneous Securities continue
to be very limited, and prices are little
altered. Anglo-American Telegraph better, at
221 to 22' ; Atlantic Telegraph, 8 per cent.
is firm, at 5 to sk, being a shade higher ' • Thames
and Mersey Marine Insurance k better, at 21 to 21
prem. • Hudson's Bay, 14k to l 4 ; London General
Omnibus, 1k to 2 ; Fore-street Warehouse, to 1 dis.
Including the withdrawal yesterday of X 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
per 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 firman 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 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
amounted to £1,082 7s 10d, being an increase of
£351 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

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
ißelgian 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.
Messrs. E. F. Satterthwaite and Company's review
of the London market for American Securities is as
f?llows :—" 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 7113- to 71k, and the 1865 issue
70 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 89/ to 89g. The chief feature
of the week has been the movement in Erie
Shares, though the fluctuations have been small com-
Pared 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,
from 47 to 50, but there is at the close a slight re-
action. The settlement of the account to-day has de-
°,eloped a short supply of stock, as much as is 6d per
Snare having been paid for the loan of stock until next
settlement. A very large business has been done in
Atlantic and Great Western Consolidated Mortgage
130nds ; they touched 30, at which price there was a
auPPly. They close exactly 29. The improvement
Pa Virginia Six per Cent. Bonds, to which we alluded
la our last, has continued, and they leave off at an
advance of 2 per cent.—viz., 34 to 35."

BRITISH FUNDS—CLOSING PRICES
, GOVERNMENT FUNDS.
E Per Ueut. Consols
a Do. Account, April 2 —
Neal
Cent. Reduced 92 1
3 per Cent 92 1 2
'481,7 21 per Cent. Jan. 1894 —
A no. 5 per Cent. d an. 1873 lO3l
-Ltuluities, 80 yrs, expire sth lBBO — xd
1)0. for 30 yrs, expire sth April Jan.,1885 —
t Do (Red Sea Televaph), Au,.,., 1908 —
Ichequer Bills, £l,OOO, 2 per Ot.
1)0 £5OO pm
1.4 Do. £lOO & £2OO — pm
-'3.lak of England Stock. 41 per Cent 249 51
-1-)0. Account
IndiaINDIAN GOVERNMENT SECURITIES.
;tock, 105 per Cent., April 1874
Do. Account
Do. S'per Cent. July, 1880 ' 1144 151 141 1
Po. 4 per Cent., Oct. 1BSB
un. Certificates - 1
Do. Enlaced Paper 4 per Cent
ll'' 5 per Cont., Jan. 1872
-
'. 21' per Cent., May 1879 lO3l 3 4
Le n per Cent., Ilup. Deb., 1872 lOB4
Do. do. 1877 lO3
-rs. Do. do. 1882 1024
'",'. Deb., 5 per Cent., Aug. 1873
`-'„0. Bonds, 5 per Cent., £l,000
"0- under .£1.000
A FOREIGN FUNDS—CLOSING PRICI S.
Au
Brazilian
rrii.taiiiii eulotne lansi,t, ic,
6 per Cent
64 34
toian 5
per
Cent
Senpter Cent. 1859
1,,,3. 41. per Cent., 1852 —
I,°. do. 1858
1858
=Jo. do.,'
1800
I-9°- do., 1863 644
....0 5,
• per Cent" 1865 —
bu 0 Account 714 1 i
ilnos Ayres 6 per Cent —
0u,1) 2 per Cent. (Deferred 3 per Cent )
ez, 6 per Cent.
DO' 41 per Oen'
•
D. t) Per °aut., B •—
m. --.