The Sun.
London, England, 1870-01-05 00:00:00

~~- ~~

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE•

CITY, Two o'CLOCK.

The favourable indication mentioned yesterday
as apparent on the Stock Exchange continues to-
day, the stocks dealt in being those of the most
noted description, in order to be prepared for any
ease of immediate realisation. Russian stock has
been in request, so has Egyptian and Italian ;
American bonds have been dealt in at better prices ;
and in Railway, Banking, and miscellaneous shares
increased prices have in most cases been realised.
The rate of discount demanded in open market
to-day was a shade below 21 per cent. for first-class
bills at three months.

Consols are now at 921 to 921 for money ;
ditto, for Ac.!ount, 921 ; Three per Cent. Re-
thicled, 921 1; New Thee per Cents, 921 1 ;
Exchequer Bills £l,OOO, March, par ; June,
(143 1 prem. ; ditto 100, £2OO, and £5OO, March,
; June, prem ; Bank of England Stock,
,
44 Per Cent., 237.
India Stock
ditto 101 per Cent., April, 1874, shut ;
5 per Cent., July, 1880, 112 111 ; ditto 4 per
Cent., Oct., 1888, 100 k ; ditto Enlaced Paper,
4 per Cent., 921.
In the Foreign Market au advance has taken
place in Russian, Peruvian, Egyptian, Mexican,
and Spanish Stocks. The following are the prices :
—Argentine, 881 ; Brazilian, 891 ; Egyptian (1868),
81/ ; Viceroy's, t 85 ; Italian, 55/ to 551; Mexi-
can, 131 to 14 ; Peruvian, 821 to 821 ; Portu-
guese 331 to 331 ; Russian (1862), 851 to 86 ;
Orel, 83 to 831 ; Nicolas, 651 to 651 ; Moscow,
811 to 811 ; Charkof, 811 to 821; Spanish, 261
to 261 ex div ; Turkish Five per Cents., 461 to
171 ; and the Six per Cents., 671 to 6:1.
In English Railways prices are firm. Great
Northern have improved to 1101 to 1111 ; ditto
(A), 111 to 112 ; Midland, 1241 to 125 ; Cale-
donian, 75 to 761; Metropolitan, 82 to 821 ;
London and North Western, 1241 1241 ; London
and Soath Western has declined to 92 to 91 ; Great
Western, 59 to 591. Great Eastern, 381 to 39 ;
Lancashire and Yorkshire, 1271 to 1281 ; London
and Brighton, 461 to 471 ; London, Chatham, and
Dover, 15 to 151 ; North Eastern (Berwick), 127;
to 1271 ; and South Eastern, 78+ to 79.
In Bank Shares, London and County are 481
to 491 ; but Chartered Mercantile is 10s. higher, at
31 to 32 ex div. Agra (A) is steady, at 111 to 111 ;
Alliance, 121 ; Anglo-Austrian, 14 to 16 prem. ;
Consolidated, 4 3-16 to 4 5-16 ; Imperial, 161 to
161; Imperial Ottoman, 21 to 28 prem. ex div. ;
London and Westminster, 581 to 591 ; Loitlon
Joint Stock, 31 to 32 ; and Union of London, 371
to 381.
American Five-Twenties are 871 ; the Ten-
Forties are 811 to 85 ; Erie, 171 to 181 ; and
Illinois, 1001.
Telegraph Construction and Maintenance is
331 to 331; French Cable, 161 to 161 ; Anglo-
American, 191 to 191 ; and Atlantic Eight per
Cents., 21 to 21.
In Miscellaneous Securities there is a decline of
in Hudson's Bay, at 11/ to 121 ex div. ; and
General Credit, at Ito 1 dis. National Discount
quiet, at 111 to 111 ; and International Finance,
21 to 11 dis.
At Mark-lane this morning the attendance was
small and trade languid. Prices were hardly sus-
tained for breadstuffs, altheugh supplies were light.
English wheat came to hand in bad condition,
which tended to check the already limited inquiry
and prices ruled in favour of buyers. Foreign
wheat, arrivals of which are still light, was difficult
to sell, buyers of both landed and floating parcels,
pending the arrival of fresh supplies, now over due.
There were no gold transactions at the Bank
yesterday.
The Government broker for the last ten days has
been a seller of Consols to the extent of £lOO,OOO
a day. It is supposed these transactions have been
in connection with the provision the Chancellor of
the Exchequer is making to provide a portion of
the means for the discharge of the claims of the
telegraph companies. Mr. Lowe has latterly been
busily engaged in getting his resources together to
be ready at the appointed time with the necessary
funds.

The proportions of specie by the Royal Mail
steamer Seine, from the West Indies, represent
silver to the amount of £81,127, and gold £86,047,
giving a net total of £167,174.
The Transatlantic steamer Ville-de-Paris has
reached Brest from New York, with specie to the
value of £19,000.
A dividend at the rate of 6 per cent. is recom-
mended by the directors of the North British
Australasian Company.
Respecting the state of the Manchester market
Messrs. Neroutsos and Co. telegraph :—" Market
Continues firm, and full prices adhered to ; in some
instances yarn is a shade dearer."
Business in the Colonial and Foreign Produce
Markets public sales has been resumed. The
supplies brought forward have been in all cases
very moderate, and the markets have shown gene-
rally the same quiet tone that prevailed before
the holidays, but with a firm tone. Coffee has
realised rather higher prices. Small tea auctions
have gone very steadily. Tallow has risen Gd.
per cwt.

The return of the Metropolitan Railway shows
an increase of £Bl3. In the case of the
3 Metro-
ritt,Metro-
politanand St. John's-wood Railway the increase
'54. The traffic receipts of the Metropolitan
District Railway represent £BO5.
The directors of the Peel River Land and Mineral
Company
(Limited) have issued their report prior
to the meeting to be held on the 14th inst. In it
the directors speak very hopefully of the future,
and the accounts show that the nett revenue of the
company for the past year amounts to £14,540 ls.
2d., out of which an interim dividend of 1 per
cent. on account was paid on the 26th July, 1869,
amounting to £6,000, leaving the sum of £8,540
Is. 2d.
The directors of the Oriental Bank Corporation
have issued a circular pointing out that the daily-
increasing numbers of negotiable securities render
their custody a matter of great importance, both to
bankers and their constituents. For the conve-
nience of its customers the bank via continue to
take charge of these documents, and will collect
the interest at a small remuneration for the ex-
pense and trouble this duty involves; but, in-the
!vent of loss, the corporation will not in any case
through
liable, except for such loss as may occur
tarough
gross negligence on their part.

BRITISII FUNDS-CLOSING PRICE 3

G
OVERNMENT FUND&
3 per Cent. Consols
Ditto for Account, Jan. 6 921
3 per Cent. Reduced 921 1
New 3 per Cent
A uvr 2} per Cent. Jan. 1891
Do. 5 per Cen ,x 11.1873
&nullities, SO yrs, expire sth Jan., 1880.
Do. for 30 yrs, expire sth April 1885 —
Do (Red Sea Telei.raph). Aug, 1908._
Exchopy.-:r Bills, £l,OOO, 21 p. Ct.llarch par
Da. 3 do. Jun. pm
De £lOO, £2oo'& £5OO — pm
Bank of England Stock, 41 per Cent ... 237
Ds. opening
Canada 4 per Cent. Bonds ...................
uter-Colouial Omumm
INDIAN UOVERNMENT SECURITILS.
incli t V cock. 101 per Cent., April 1874 shut
De. 11f
Openin for Account
D.). a per Ceg, , .
nt..ful 1880
Do 4 per Cent. Oct 1388
Do. Enlaced Papei 4 per Cent...a.. • 92±
Do. 5 per Cert., Jan. 1872 .......,
Do. 5} per Cent, May 1579 .--
D., 5 per Cent., flop. Del:. 1872.,
Do do IS"7.
Do. do. 1882 —
Ih',. Deb., 5 per Cent., Aug. 1873 -
Do Bonds.. 4 per Cent., £l,OOO
Do. under £l,OOO —

FOREIGN FUNDS-CLOSING PRICES.

irireutine Republic, V per Cent ... -
Do. Account - 8
AuArian Bonds 5 per cent .. —
Do. -
Brazilian 5 per Cent —
Do. 1} per Cent. 1852
Do. do 1858....
lie. ut, 1860
Do. do., 18C
Do. 5 per Cent., 1865
Dc. Account
Buenos Ayres 6 per Cent.
Do 2 per Cent. (Deferred 3 per Cent )