The Sun.
London, England, 1870-01-06 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLoCK.

The usual weekly meeting in the Bank Parlour
has terminated without any alteration in the rate
of discount, and the demand for accommodation
being somewhat active the price in the open mar-
ket remains at about 2-1. The Government Secu-
rities opened languidly to-day, very few transac-
tions:have taken place, but no decline of import-
ance has taken place in prices. In Foreign Secu-
rities prices are higher in most instances than
yesterday, and the same favourable report has to
be made with respect to most of the American
securities. Bank shares are higher, a circumstance
easily to be accounted for, and in miscellaneous
securities there has been a trifling improvement.
Consols are now at 92k to 92f for money;
ditto, for Ac.xamt, 921 ; Three per Cent. Re-
duced, 92i1; New Tree per Cents, 921
Exchequer Bills £l,OOO, 1l arch, par ; June,
1 to 6 preen. ; ditto £lOO, £2OO, and £5OO, March,
4 prem. ; June, prem ; Bank of England Stock,
4f per Cent., 237.

India Stock, 101 per Cent., April, 1874, 2081 71 ;
ditto 5 per Cent., July, 1880, ; ditto 4 per
Cent., Oct., 1888, 100 i 1 ; ditto Enfaced Paper,
5} per Cent., 111.
In the Foreign Market there is au advance in
Peruvian, which is now quoted 821 ex all ; in
f.Charkof, at 82 ; and in Turkish,. at 47 ; Spanish,
at 264 ex div. ; and Mexican, at 131 ; Italian
Bonds are steady, at 55} ex div. ; Egyptian (1868),
84 to 811 ; Viceroy's, 84-1, to 84.1 ; Brazilian, 89f ;
Argentine, 881 ex div. ; and Portuguese, 33f
ex div.

American Five-Twenties are 87 to 87+, being 1
better. Erie shares are 171 to 181; Illinois, 102
to 103, a fall of 1.
In English Railways there has been a fall in
London and South Western. The prices are now :
—Caledonian, 751 to 751 ; Great Eastern, 381
to 381; Great Northern 110 to 111 ; ditto (A),
111 to 1111 ; Great Western, 581 to 59+ Lan-
cashire and Yorkshire, 1281 to 1281 ; London and
Brighton, 461 to 461 ; London, Chatham, and
Dover, 15 to 151 ; London and North Western,
1231 to 1241 ; London and South Western 92 to
94 ; Metropolitan, 811 to 82 ; Midland, 1231 to
1241; South Eastern, 78} to 79 ; and North
Eastern (Berwick), 127+ to 1271.
In telegraph shares French Cable are 1 higher,
17 to 171; Anglo-American, 191 to 191 ; Atlantic
Eight per Cents., 21 to 2+ ; and Construction and
Maintenance, 331 to 331.
In Bank Shares there is an advance of 100. in
London and Westminster, which is now quoted 59
to 60 ; London and County, 49 to 50 ; Oriental,
42 to 43; Loudon Joint Stock, 31 to 32; Union
of London, 371 to 38} ; and Imperial Ottoman, 21
to 2/ prem. ex div.

In Miscellaneous Shares General Credit is dull, at
to 1 dis., being a deccline of 1 ; National Dis-
count is 11fr to 12 ; International Finance, 11 to
11 die. ; and Hudson's Bay, at 121 to 121 ex div.
There were no gold transactions at the Bank
yesterday.

The New York, from New Orleans, has brought
£5,200.
The Frankfort advices state that at the Bourse
liquidation for the end of the year large realizations
of shares and stock sold for the call pressed on the
market, but that speculators submit to every sacri-
fice to carry their purchases over, and paid as much
as 6 to 8 per cent. interest to maintain their posi-
tion. For this they have been amply rewarded, as
since the liquidation prices have experienced a great
rise. The Austrian Lottery Loan of 1860, reduced
to 4 per cent. with premiums, has risen to 82 per
cent. ; Credit shares have risen to 259, and Aus-
trian French Railway shares to 396, while Lom-
bards, neglected hitherto, began to look up. United
States bonds are now floating in large quantities,
the intended conversion having deterred capitalists
from new investments.
The dividend to be declared by the Union Bank
of London at the half-yearly meeting on the 12th
inst. will be at the rate of 15 per cent. per annum,
the usual rate for the half-year ending the 31st of
December.
The directors of the National Discount Company
will propose to their shareholders at the meeting on
the 19th inst. a dividend for the past half-year at
the rate of 16i per cent. per annum. At the cor-
responding period of last year the distribution was
at the rate of 15 per cent. per annum.
The directors of the Electric and International
Telegraph Company have resolved to recommend
at the extraordinary general meeting, to be held
on the 28th instant, an interim dividend of £5 per
cent. for the last half-year.
The tenders for £387,500 in bills on India have
been received at the Bank of England, and the
amounts allotted were—to Calcutta, £358,700, and
to Madras, £28,800. The minimum price was
fixed as before at ls. 11d. Tenders at ls. llid.
will receive about 25 cent. ; above that price in
full. These results show a slight decrease in the
demand for means of remittance to the East.
The applications for the shares of the British
Australian Telegraph Company have been of a very
favourable. character. The subscription list for
London closes this evening. The quotation is i
prem.

The trustees of the Nevada Freehold Properties
Trust offer for adoption the certificates remaining
bears
unsubseribed. The price of issue is £2 each, which
interest at the rate of 12} per cent. ; £1 to
be paid On
cates. application, and £1 on issue of certifi-

The directors of the London and Westminster
Bank hays resolved to declare, at the ensuing
gene ral meeting, a dividend and bonus of 81 per
cent. for the half-year ended the 31st of December
last, carrying forward the sum of £7,500. This,
with the 8 per cent, declared in July last, will
make 161 per cent, for the year upon the capital of
#.2,000,000, against 25 per cent, in 1868, when the
capital was only £1,000,000.

BRITISH FUNDS—CLOSING PRICES
GOYERNMEXT r MIDS.
3 par Cent. Consols 92i i rd
6 Ditto for Account, jan. 6 • 92}
per Cent. Reduced
1 i
New 2} per Cent. Jan. 1894 —
Do. 5 per Cen ) an. 1873 —
Cinuities SO yrs, expire sth Jan., 1880.
Dofor 30 yrs, expire sth April 1885
L
t, (Red Sea Televaph), Aug., 1909
xolloquor Pills £l,OOO, 2} p. Ct. March par
De
Da,
3 do. June Pm
£lOO, £2001& £5OO 4 pm
n•• openin
Ban)* of En gland Stock, 4} per Cent
—g
Canada 4
*ter-Colo pnial er Cent. Bonds —
rnanun
I NDltli GA -VIRNMENT SECURITIES
ladil stock, 10} per pent., April 1874 208! 71
_
De. Opening, for Account
T,D•• 0 per Cent. July, 1880
',41 Per Oe. Oct. 1888
D..1-,143. t afaced Pape, 4 per 0ent...,...
O. S per Cert., Jan. 1872 ...... ...
11877872.: —
.....
IDo. 6i per Cent. May 1879
Da 5 per Cent., Rup. Date.
De do
Do. 82 .... .
do. 18
Do.
De. Bo nds Deb., ,
4 p 5 peer Centr Cent.,.
,A.5u1g.0.0173
PL. Do. under £l,OOO

FOREIGN FUNDS—CLOSING PRICES.
irzentins Republic, 6 per Cont ... - •'''''
8-81 i Do. Account
Aultrian Bonds 5 per cent
Do. 1859 —
Brazilian 5 per Cent —
Do. 4} per Cent. 1852 —
Do. do 1858....• —
Do. ut,. 1860 —
o. do 1868 —
Do. 5 per Cent., 1865 —
Account
90 89 - 4
Dc.
A ;enos Ayres 6 per Cent. 951
C ub
Do 2 per Cent. (Deferred 3 per Cent.)
(L Cent. ilian 6 per Cent
no. 4k per Cent —
Do. 3 per Cent~
Do. 7 per Cent., 1866
Do. 6 Dt. 1867
0 10-nbian, per 6
ce
per Cent
anisn, 3 per Cent., 1825
Dan.bian Principalities 7 per Cent B9il"
Do. Account
P- i
_ Do
cusdor 8 per Cent., 1867 • 932
New Consolidated 1 ar Cent
EBYPtian, 7 per Cent...
871
Do Speond Issue ' , p
D 9. 45°C 13013,10
Do,
1861 mittweimmotts -...