The Sun.
London, England, 1868-02-20 00:00:00

MOl4l';Y MARKET

AND

lOMPLEROIAL iNTELLIGE

Crrr, Two o'CLoa.

A considerable improvement has taken place in
nearly all departments of Stock Exchange business.
The chief cause of this change is a prevailing opinion
that the foreign demand for gold is being checked by
the export of corn to France. The funds are about f
per cent. better. Foreign Government securities have
likewise advanced, Egyptian, Peruvian, and Spanish
being in chief request. English railways are much
better. Metropolitan have recovered lf, and Midland
Bank and miscellaneous shares have more or less
participated in the reaction.
The inquiry for discount is but moderate, and the
minimum rate in the open market continues at 1 per
cent.

The Liverpool cotton market is excited, and another
farthing dearer.
Consols are firm at an advance of nearly f per
cent., being quoted at 93 to 93i for money and
account. New and Reduced Three per cents., 93# to
931.- ; India Five per Cents., 111/ to 112/- ; Bank
Stock, 248 to 250 ; Exchequer Bills, 12s to 17s prern.
The variation in Foreign Stock comprise a recovery
of 4, in Peruvian (1865), at 75 to 76, and in Egyptian
(1864), at 87 to 88 ; of in Greek, at 12i to 13, and
In the Viceroy's Nine per Cent. Bonds, at 891.
to 892 ; Mexican are firm, at 151 to 16 ;
New Spanish, 36 to 36; ; Turkish, 32g- to 32i ;
Italian, 43/ to ; Portuguese, 39i to 40 ; Egyptian
(1864), 87 to 88 ; Viceroy Seven per Cent., 74k to
74/ ; Brazilian, 74i to 75i ; and Russian (1862). 85
to 86.

The New Honduras Loan is steady, at to I
prem.

In American Securities United States' Five-Twenty
Bonds are k better, at 72k to 724 ; Erie Railway is
lower, at 47k to 48 ; and Illinois f, at 88 to 89.
Atlantic and Great Western Railway Debentures
have receded to 26 to 27, but the Consolidated
~lortgage Bonds remain firm, at 254 to 26.
English Railway shares are generally firm. Metro-
polttan are 1f higher, at 110 to 11(4 ; Midlands 1, at
107 to 107-h ; London and North Western at 118 k
to 1181 ; Calenonian k, at 82 to 83 ; Lancashire and
Yorkshire 1, at 127 k to 127 k ; and Great Western
and London, Brighton, and South Coast, k each ; on
the other hand, Great Northern are lower, at 107
to 109

Bank Shares are quiet, and the only movement
an advance of in London and County, which are
now quoted at 52 to 53. Agra (A Shares) 11 to 11i.
Alliance, 131; to 121 s dis. Consolidated, gto prem.
ex div. Lon-don Joint Stock, 34 to 35.
Foreign mining shares are flat. St. John del Rey
is lower, at 17 to 18. Chontales worse, at 2i to
dis. Port Philip, 1 5-16ths to 1 7-16ths.
In miscellaneous securities the dealings are unim-
portant. Hudson's Bay is lower, at 14g- to 14k;
London General Omnibus flat, at 1 1546 to 2 1546.
Anglo-American Telegraph, 19i to 19/ ex div. ;
Atlantic Telegraph, 8 per cent, 5i to 5 ; National
Discount, 10i to 11±.
The directors of the St. John del Rey mines have
issued a circular to the shareholders, containing
Copies of letters received from Mr. Gordon to the 17th
ult. Little progress had been made during the
fortnight intervening since the previous advices,
in clearing the mines of the injurious vapour
which more or less prevailed throughout. Every
effort was being made to obtain as much ore as pos-
sible for the stamps, and the expenditure was being
reduced as rapidly as possible. The quantity and
quality of the stone stamped at the Gaia stamps was
not yet such as to guide to any opinion as to the gold
contents of the lode.

The traffic receipts of the Bahia and San Francisco
Railway Company for the week ending January 11
shows an increase of £632. The receipts of the
Buenos Ayres and Great Southern Railway for the
Week ending December 22, 1867, show a decrease of
£234, which is attributed to the dull state.of business
caused by cholera.
The receipts of the Grand Trunk Railway of Canada
show an increase for the week ending February 1 of
£3,652.

A special general meeting of the Calcutta and South
Eastern Railway Company has been called for the 28th
inst. to confirm the resolution passed at the meeting
(21 the 28th January, to hand over the railway to the
Secretary of State for India on the terms previously
Inentioned.

An extraordinary general meeting of the Cape
Railway Company has been convened for the 3d
'larch, to consider the report of the committee ap-
pointed to consult wirh the directors as to the best,
steps to be taken to induce the Cape Government to
extend the railway system into the interior of the
Colony.
There were no bullion operations at the Bank o
tugland yesterday, and in some quarters it is thought
probable that the export demand for gold has received
a check.

The City of London, from New York, has brought
£3,000 in specie.
The outgoing mail to the East takes to-day £7,940,
of which 57,000 is gold for Egypt.
The committee of bankers in London have refused
to alter the hour of commencing business, upon the
ground that the hour from nine to ten not being occu-
Pied by counter work, the mere opening of the doors
an hour Later would make very little difference.
It has been currently reported in Paris that the
Italian government contemplate the imposition of a
tax of ten per cent. on the holders of the Italian debt.
The last letters from Florence, however, state that
the Finance Minister will make, in the event of such
a tax being imposed, certain reserves in the case of
foreign holders of Italian renter equivalent to a pro-
tection from the duty. It seems certain that some
amount of tax will he proposed, as money must be
4'o at any price. The National Bank of Italy has
opened a subscription for the sale £1,200,000 capital
of the obligatory loan, at 71f. 20c., and the amount
has been sold, and this is said to he the explanation
of the high prices obtained for the church property.
Ntadrid advices state that the Bank of Spain will
accede to the wishes of the government, and employ a
Portion of its revenues in the purchase of the public
stocks.

The- biddings for £200,000 in bills in India were
held yesterday at the Bank of England. The
amounts allotted were :—To Calcutta £186,000, and
to Madras £14,000. The minimum price was fixed
as before at is 10/d on Calcutta and Madras. Tenders
at is 10ad on these Presidencies will receive about 33
Per cent ; those above will be allotted in full. No
tenders on Bombay were invited. These results show
a slightly increased demand.
The Metropolitan District Railway have made a
call of £4 on the £2O share of this company, making
£l7 paid, payable the 14th of March.
The creditors of Messrs. Walsh and Sons, of
Tipton and Deepfields, met yesterday at Birmingham,
when it was decided to allow the estate to go into
bankruptcy.
The report of the directors of the London General
Omnibus Company recommends a dividend for the
past half year of is per share, being at the rate of 2i
Der cent. per annum.
Petitions have been presented to the Court of
Ch ineery for the winding up of the Tamar Bank
Granite Company, and the Reinnie Laxey Mining
Company (Limited).
The liquidators of Overend, Gurney, and Co.
(Limited), have intimated their willingness to meet
the wishes of the creditors, as expressed at the meet-
ing held on the 3d instant, by the issue to them of
Promissory notes, at six, twelve, and eighteen months,
for the balances due to them, with interest at four
Per cent.,. on condition of the notes being dated on
the 15th March, 1868. Mr. Oppenheim considers
that this modification is one which the creditors ought
to accept.
The Rossa Grande Gold Mining Company's produce
Inr December was 1,692 oitavas. 137 tons have been
extracted from Upper Formation first workings ;
yield llf oitavas per ton.
r3ho silbscription list of the Australian Gold Mining
company will close on Saturday, the 29th inst.

BRITISH FUNDS—CLOSING PRICES.
8 GOVERNMENT FUNDS.
Per Cent. Consol,
3 Do. Account, March 5 93
per Cont. Reduced 931 N 1
ew ,
‘) per Cent 931 1
e,..w 21 per Cent. Jan. 1894 —
4 "°. 5 per Cent. Jan. 1873 —
tlnuities, SO vrs, expire sth Jan., 1880 —
p°. for 30 yrs, expire sth April 1885 l2l 13
t 0 (Red Sea Telek,raph), AIL., 1908 —
lebzquer Bills, £l,OOO, 2 per CL l7 pm
Do £5OO l6 pm
11 Do. £lOO ec £2OO — Pm
'lllko of England Stock. 41 per Cent 249
u. -Accountlan
1 „,,JADIAN JOVERNMENT SECURITIEF.
'..r,'" tock, 101 per Cent., April 1874
•L',.,0. Account -
DO.
5 per Cent. .f uly, 1880
rst-'O. 4 per Cent., Oct. 1888
r'-'O. Certificates
L)0. Enlaced Paper 4 per Cent —
"0. 5 per Cent, Jan. 1872
D 0• 0i
-r-,°. 0i per Cent., May 1879 lOBl
'''') 5-per Cent., Rup Deb., 1872
,
Do. do. 1877 —
, Do. do. 1882 —
-.Jo. Deb., 5 per Cent.., Aug. 1873
~
reo. Bonds, 5 per Cent., £l,000
)0. under -£1.000
FOREIGN FUNDS—CLOSING PRICES.
V ,etn.tine Republic, 6 per Cent _
iir;ia ri:au Bonds, 5 per Cent. 1859
--I'llian 0 per Cent _
D 0•
4i per Cent., 1852
t,O. do , "18 - 8....•
"°: do., 18 ;0
0 Du(o).Ascep.:(i)lon.C't out., 18651863 65
751 5
C • Per Cent.
~,„ --.
o per Cent
0.4}
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