The Sun.
London, England, 1870-01-28 00:00:00

eil ONEY MA It KE T

AN 1)
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocir.
The demand for money to-day on 'Change was
extensive, and such was the run on both sources—
viz., the Bank and the open market—that the price
Went up *, and first-class. paper could not be done
under 3 per cent. Consols are firm in price, and
in the Foreign market the principal securities were
the turn better. In Railways we have to note an
unusual increase in price in Great Northern.
ketropolitan shares were steady, but for Banking
and Miscellaneous stocks prices were in most in-
stances unfiltered.
Consols are now at 92k to 92+ for money;
ditto, for Account, —; Three per Cent. Re-
duced, 921 j; New Tkree per Cents, 921 1
Exchequer Bills £l,OOO, March, prem. ;
dune, ; ditto £lOO, £2OO, and £5OO, March,
par; June, dis. ; Bank of England Stock,
44 per Cent., 239.
India Stock, 101 per Cent., April, 1874, 209 ;
ditto 5 per Cent., July, 1880, 112 ; ditto 4 per
Cent., Oct., 1888, 1001 ; ditto Enfaced Paper,
5 per Cent., 104; ; ditto Bonds £l,OOO, 25 prem. ;
ditto Bonds under £l,OOO, 25 prem.
The application for the new Russian Loan have
already largely exceeded the amount required, and
it is now quoted.at 2+ prem.
In the Foreign Market, Spanish have improved
since the opening, and are now quoted at 27i ex
; Mexican are 15+; Charkof at 82+ to 83 ;
Moscow, 81 to 82 ; Orel, 831; Nicolas, 66 to 66}
Egyptian (1868) Bonds, 761 to 77 ; Viceroy Seven
Per Cents., 81; Argentine, 85+ ; Turkish Five per
Cents., 43+ to 43; ; and Italian, 541 to 54i ex div
In the Railway Market Great Northern have
considerably advanced, and so have Caledonian,
Great Eastern, Brighton, Chatham, Loudon and
and North Western, and Midland, but not to
anything like the extent of the former. The quo-
tations are now as follows :—Caledonian, 77! to
784 ; Great Eastern, 37 to 37; ; Great Northern,
112+ to 113 ; •ditto (A), 112 to 112} ; Great
Western, 63 to 631 ; Lancashire and Yorkshire,
128 to 128+ ; London and Brighton, 451. to
451.; London, Chatham, and Dover, 15 to 151;
London and North Western, 124 to 124 k ;. Lon-
don and South Western, 93 to 94 ; Metropolitan,
78i. to 78/ ; Midland, 122/ to 122+ ; North
Eastern (Berwick), 1251 to 126+ ; and South
Eastern, 76+ to 761.
Great Luxemburg is 13+ to 13+ ; andLombardo-
Venetian, at 191 to 20.

American Five-Twenty Bonds are 87k ; the
1865 Bonds, 864 to 87 ; the 1867, 85.1 to 86k ex
div. ; the Ten-Forties, 844 to 844 ; Erie Shares,
18 to 181 ; and Illinois, 103 to 104 ex div.
Anglo-American Telegraph Shares are quoted at
191 to 191 ; French Cable, 18 to 184 ; British
Indian Submarine, 141 to 151; China Submarine,
to I prem. ; Falmouth, 38 to 41 prem. India
Rubber, 56 to 57 ; and Construction and Mainte-
nance, 381 to 381.
_ _ _ _ _

In Bank Shares business is dull. Alliance are
marked 12f to 13f ; Anglo-Austrian, 14 to 16
Prem. ; Chartered Mercantile, 32 to 33 ; Consoli-
dated, 41 to 41; Imperial Ottoman, 21 to 2i
Prem. ; London and County, 50 to 51 ; London and
Westminster, 60 to 61; London Joint Stock, 33
to 34.

A circular of instructions from St. Martin's-le-
Grand, for the guidance of officers and instructors
of telegraphs, enjoins that " every arrangement
must be in thorough working order" by next Mon-
day morning, and that " the whole of the week
Must be devoted to assiduous practising between
all those offices into which the business and staff of
a telegraph company have not already been intro-
duced.,,

It is satisfactory to understand that the leading
shareholders of the Oriental Bank are about to
take steps for inviting Mr. H. G. Gordon to
rejoin the Board of that institution, of which,
from its origin, he was the leading representative.
Mr. Gordon, pending the Overend-Gurney
considered it right to send in his resignation, but
the emphatic decision in that case has rendered him
free to resume his old station with undiminished
honour. •

The reception of the applications for the new
II
1188jan Loan are said already to be, almost unpre-
eedeoted in extent. In a large number of instances
the amounts are swollen by the expectation that
°IIIY a small percentage of the total asked for is
,
'kely to be allotted. Nothing seems to be yet
known as to the proportion of the £12,000,000 that
will have to be distributed in Paris, Frankfort,
Allister:him, and Beiliu.
For some time past an American expedition has
been in course of organization, under Admiral Davis,
t°, survey all the proposed routes for the Darien
Ship Canal. It is expected to leave New York be-
fore the end of the present month, and the report
the results of the exploration is to be made to
the President.
In Mincing-lane a good deal has been done in
Manilla sugar, and an extensive business has taken
Place in jute, whilst throughout the markets rather
firm tone has prevailed. Cotton has, however,
been less active.
The steamer Biafra has arrived at Liverpool,

With West Coast of Africa mails, 1,7230 z. of gold
(lest and 174 sovereigns, worth £7,066 ; and the
steamer Main, from New York, en route for the Con-
tinent, has brought £22,200 specie for London and
£13,358 for Paris.
The following vessels have sailed from Sydney
with gold for this country since the departure of the
Previous Australian mail, viz. :—The Great Vic-
toria, with 2,500 ounces ; the Holmsdale, with
2)250 ounces ; the Janet Court, with 2,065 ounces ;
the Essex, with 2,500 ounces ; and the Alexander
Duthie, with 2,625 ounces—giving a total of 11,940
ounces, and in value sterling about £47,760. The
steamer Malta, sailing also from Sydney for
Galle, has on board 113,375 ounces of gold, and
114,000 sovereigns, amounting together to £567,500,
which, with the gold by the ships above named,
represents a sum of £615,360 now on its way to
England since the departure of the preceding Aus-
tralian mail.
The directors of the Lancashire and Yorkshire
Railway recommend a dividend for the half-year at
the rate of 6.1 per cent. per annum.
At the meeting of the Central Bank of Loudon
(Limited) a dividend at the rate of 5 per cent. per
annum was declared.
At a meeting of the British and Foreign Marine
Insurance Company it was resolved to pay a divi-
dend of 20 per cent.
The return from the Bank of England for the
week ended the 25th of Jan. gives the following
results when compared with the previous week :
Rest
PuLlic deposits
Other deposits 17,369,595 Decrease.: 715,181
On the other side of the account :
Government securi-
tiss £14,211,399 ... Decrease ...1,600,000
Other securities 18,567,121.... Increase1,531668
Notes unemployed 10,465,930 ...Increase ... 377'530
The amount of notes in circulation is £22,097,180,
being a decrease of £420,030 ; and the stock of
bullion in both departments is £19,278,128, showing
a decrease of £86,378 when compared with the
preceding return.
Subjoined is a comparison of the present positioa
of the Bank of England and the prices of Consols
and French Rentes with the corresponding week o'
last year :

Same Week
At Present. last Year.
Bullion
Reserve
Notes in circulation '23,417,210 ... 23,979,735
Rate of discount
Consols
French Routes

The following is the official return of the cheques
and bills cleared in the Banker& Clearing-house for
the week ending Wednesday, Jan. 25 :
Thursday .£10,865,000
Friday
Saturday...
Monday 12,974,000
Tuesday
Wednesday 10,594,000

£91,401,000
The report of the London and Provincial Marine