The Sun.
London, England, 1871-01-07 00:00:00

TIIE SUN, LONDON, SATURDAI, JANUARY 7, 1871.

THE MONEY MARKET.

CITY, Two O'CLOCK.

The amount of business transacted to-day is so limited
that the actual movements are inconsiderable. Consols
are 9211‘t0 92& for money and account.

In Foreign Securities there is an improvement in
Turkish. Spanish are 29 to 24 ; Turkish Five per
Cents., 431 to 44i ; French Scrip, 1! to la dis. ; and North
German, ig to 1,1 prem.

The latest advices from Frankfort state that the
Bourse continues dull, notwithstanding an undiminished
plethora of money, several depressing influences having
been in operation, including the' default in the payment of
the intetest on the 71 per cent. Roumanian bonds— a cir-
cumstance which ought not to have been left to depend on
the punctuality of the railway contractors, as each of the
bonds is signed by the Government commissioner, and
contains a clause that the guarantee begins from the date
of issue. The assassination of Marshal Prim served as
another disquieting element, and to this must be added
the uncertainty about the duration of the war, which is
aggravated by the great pr Tarations daily observable for
its continuance. In spite of the inclemency of the wea-
ther, large bodies of troops, it is said, " are passing our
town almost every night for the seat of war; most of
them go south, to Belfort." It is added, however, that
" during the last two days trustworthy information has
reached our leading bankers as to the desperate position
of Paris, so that its surrender is daily expected." But
then, so far as the Bourse is concerned, " comes the
question whether the French will not throw on the market
large sums of Austrian and' Lombard Railway stock or
other securities negotiable at Frankfort, where prices are
much higher than at Paris." The new Confederate Loan
Thaler Bonds command a premium of fully 2 per cent.,
while the English scrip is per cent. lower, great amounts
of the latter having been sold at Frankfort.

The case of the Erie Railway continues without any
symptom that redress will be speedily obtained from the
Supreme Court of the United States, upon the certainty
of whose action stress was laid last year by all who
sought to sustain confidence in the safety of foreign in-
vestments in America. Meanwhile journals teem with
accounts of the way in which the property of the share-
holders continues to be squandered. It also appears
that, encouraged by their uninterrupted success, the same
parties have attacked another line— the Boston, Hartford,
and Erie, which is 400 miles in length, and cost in cash
£7,000,000 sterling, and bronght it to hopeless bankruptcy.
The directors of the Union Bank of Australia have
resolved upon a dividend of £1 10s. per share, being at
the rate of 12 per cent. per annum.
A telegram from Calcutta announces that the Bank of
Bengal have declared a dividend at the rate of 51 per
cent. per annum, making a total dividend for the past
year of 7i per cent.

With regard to the operation of the new Stamp Act
which came into force on the Ist inst., it is necessary for
the commercial public to notice that the old foreign bill
forms stamped in sets, bearing last year's date, cannot
legally be used. Old stocks of such stamps can be ex-
changed on the personal application of the owners at the
office of the Examiner of Spoiled Stamps, Great Win-
chester-street Buildings.
The directors of the Buenos Ayres Great Southern
Railway have decided to call up the balance of £2 per
share on the Salado shares.

In the colonial produce markets this week a steady
business has been transacted, partly speculative, at firmer
prices : but the general tone is unchanged, and the trade
have not yet fully commenced their operations for the
new year.

committee meeting, and the general feeling was that it
should be done. Mr. Coaks was examined at consider-

able length •as to the circumstances under which the
Liberal Committee decided to secure the show of hands. He
said Mr. Tilett was sitting next Sir W. Russell, when
the latter said, "We had better have it." The
persons who were alleged to have been employed to secure
the show of hands were next examined. The petitioner's
case is not yet concluded.
The witnesses called during the latter part of the pro-
ceedings at Norwich yesterday, to prove that men had been
hired by them to carry the show of hands for the Liberal
candidates at the nomination of 1868, did not adhere to
the statements which they had made to the Royal Com-
missioners. It was proved, however, that men were
paid at the rate of two shillings each for holding up their
hands for Mr. Tillett. One witness stated that the same
practice was adopted in 1870, and it was sought to con-
nect the payments with Mr. 0. D. Ray, an active
Liberal.

MEMBERS OF PARLIAMENT ON THE WAR.
Messrs. Winterbotham and Dickenson, addressed their
constituents at Stroud on Thursday night. In the course
of their speeches, each gentleman specially condemned
the war preparations. Mr. Winterbotham expressed his
horror in witnessing the present strife which he described
as wickedly "causeless."