The Sun.
London, England, 1870-01-11 00:00:00

hiONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocx.
I 'The business to-day on 'Change was not so good
as yesterday, and Consols slightly gave way, the
downward tendency extended to foreign stocks, and
most of the Continental securities are the turn
lower. In the railway market there has been rather
good busines, the shares of the principal lines being
dealt in at improved prices ; for Telegraph shares
the demand has been very dull, and the quotations
in some instances show a fall as compared with
yesterday's prices.

Consols are now at 921 to 921 for money;
ditto, for Ac,x)unt, ; Three per Cent. Re-
duced, 921 4 ; New Tkrce per Cents, 921 ;
Ex;hequer Bills £l,OOO, March, 5 prem. ; June,
prem. ; ditto 1,100, £2OO, and £5OO, March,
June, 5 prem ; Bank of England Stock,
41 per Cent., 236 71.
India Stock, 101 per Cent., April, 1874, ;
ditto 5 per Cent., July, 1880, 111,1 12 ; ditto 4 per
Cent-, Oct., 1888, 1001 1 f ; ditto Enfaced Paper,
4 per Cent., 92.
In the Foreign Market Italian has receded to
65j to 54 ex div. ; the Turkish Five per Cents. to
46j to 47 ; and the Six per Cents. to 661 to 67.
The New Loan is to 1 prem. Spanish is quoted
27, being 4 lower. Egyptian (1868) Bonds are
84 to 811; Viceroy's Nines 97 ; Peruvian, 81/ to
82 ; Mexican, 14 to 141 ; Russian (1862) Bonds,
861 ; Orel, 831; Nicolas, 65! ; Moscow, 81f ;
and Charkof, 83.

In the Railways Market prices have still further
improved :—Caledonian are 75} to 76 ; Great
Eastern, 381 t 0384 ; Great Northern, 100 to 111 ;
ditto (A), 110 k to 111 f ; Great Western, 59 to
59} ; London and Brighton, 46 to 46} ; London,
Chatham, and Dover, 14j to 15f ; London and
North Western, 1241 to 1244 ; London and South
Western, 93 to 94 ; Metropolitan, 801 to 804 ;
Midland, 1231 to 1244 ; and South Eastern, 78 to
78g.

In Bank Shares London and Westminster is
quoted 59/ to 60f ; Union of London, 38 to 39 ;
London Joint Stock, 33 to 34; London and County,
49/ to 50/ ; Imperial Ottoman, 2i to 2/ prem. ;
Chartered Mercantile, 31k to 32/ ex div. ; Anglo-
Austrian, 15 to 17 prem. ; and Alliance, 14 to 15.
Telegraph Construction and Maintenance have
fallen, and are now 34 to 341 ; French Cable, 17k
to 17f ; British India, 14 to 11/ ; Anglo-American,
191 to 191 ; China Submarine, 1 to 1 prem. ; and
Falmouth, 3/ to 3f prem.

American Bonds of 1862 are .87 to 17; ; the
1865, 84 to 86; ; the 1867 85i to 86 ex div. ; and
the Ten-Fortie, 84f to 85. Erie Shares are 17f to
18, and Illinois 103 to 1031.

Great Luxemhurgs are lower, viz., 13+ to 131;
Lombardo-Venetian, 21 to 21+.
In Miscellaneous Securities General Credit is
lower, at *to + die. International Finance re-
mains at 1 to 1* dis. ; National Discount, 11f to
12 ; and Hudson's Bay, 12 to 12+ ex div.
The application for the appointment of a special
settling-day in the scrip of the new Turkish Loan
will come before the Committee of the Stock
Exchange on Thursday next.
The sum of £4,000 in bar gold was withdrawn
from the Bank yesterday for abroad. The £428,500
Australian by the Tanjore has also been taken for
exportation.

Advices from Auckland, New Zealand, an-
nounce the sailing for London of the Cambodia,
with £41,000 in gold and 4,000 ounces of silver.
The market for bar silver is firm, owing to a
demand for the Continent, but the supply here is
very limited. The quotation is ss. Old. per ounce.
The letters from Rio of the 7th ult. mention an
attempt at fraud on a Brazilian broker which had
almost succeeded, but was discovered just in time.
He had arranged for an advance of £B,OOO on
sovereigns packed in Bank of England boxes,
which, instead of sovereigns, were found to con-
tain gilded false coin.
Mr. G. 11. E. Brown and Mr. W. A. M. Browne
have been appointed provisionally the official liqui-
dators of the Imperial Silver Quarries Company,
Limited.

The shares of the Van Diemen'a Land Company
have advanced to 10, on account of a discovery
of another gold quatr reef at a place called Wa-
terhouse, on the North East Coast, about two
Miles from the " Pioneer" reef previously disco-
vered. The new reef, which has been styled the
" Great Tasmanian," was struck at a depth of
4ft., and was 2ift. in thickness. Whether it will
Prove of any extent seems still a question, but
the quartz thus far is described to be like white
marble, and as having the gold well diffused
throughout. Waterhouse is not near the property
of the Van Diemen's Land Company, but the pro-
babilitp of a population being drawn to the island
has influenced the price of the shares.
The Brighton Railway traffic return shows this
week a decrease of £629 compared with the cor-
responding period of last year, and the South
Eastern an increase of £43.

The Great Western of Canada Railway traffic
return tor the week ending the 7th inst. shows a
decrease of £2,134 compared with the corresponding
period of last year.
At the meeting of the proprietors of the Union
Bank of Australia, a dividtmd of 7i per cent. was
declared for the half year.
A meeting was held yesterday of the New Gelli-
Tara Company (Limited), when the directors' re-
port was adopted.
The half yearly meeting of the Manchester, Shef -
field, and Lincolnshire Bailway Company is called
for the 26th inst., at Manchester.
In Mincing-lan') only a limited business has been
transacted. The public sales commenced to-day.
Prices generally continue steady.
J. Berger Spence and Co.'s weekly report says :
---" The New Year opens with a more satisfactory
prospect for chemical trade than we had to report
in the early part of the last half-year. The only
sales of moment during the week have been for
600 to 700 tons of ash for delivery up to the end of
the year, at 2s. 6d. advance; but for immediate
consumption sales are yet being made at our quota-
tion. In minerals there have been considerable
Contracts entered into for pyrites, copper, and iron
Ores, the latter maintaining a slight advance. In
metals the activity expected to be inaugurated by
the New Year has not yet commenced, and business
rates unaltered." ,

BRITIsa FUNDS—CLOSING PRIC ES
UOVE
• Per CentNNIENT YUNDS.
Ditto f
h Conso
3 for Account
per Cent. Reduced 921 f
New 3 per (lent
New 21 per Cent. Jan. 1894 221
Do. 5 per Oeu '"'.1873
tinnuities, 80 yrs, expire sth a , 1880. --
Do. for 30 yrs, expire sth At .
Do (Red Sea Televaph), Aug. gg",
Exchequer Bills, £l,OOO, 21 p. aliarc.i; Do. 3 de.
Do £lBO, £2001& 4500
.j. u.n• —5 pm
Bank of England Stock, 41 per Cent
pro opening ...................................
Canada 4 per Cent. Bonds.
nter-Colonial Omnium
INDIAN dOVERNMENT SECURITIRS
ladi.t stock, 10i per Cent., April 1874... ..._
Do. Opening, for Account —
De. a per Cent. July, 1880
Do 4 per Cent. Oct. 1888
Do. Enfaced Pape. 4 per Cent..,...
Do. 5 per Cert., Jan. 1872 „,,. —
Do. 51 per Cent. May 18'9 .... .. ........
Da 5 per Coat., Rup. Dee. 1872. H.....
Do do 18-7 -,..
Do. do. 1882 —
Qu. Deb. 5 per Cent., Aug. 1873 .„ —
Do. Bonds. 4 per Cent., £l,OOO
Do. under £l.OOO —
FOREIGN FUNDS—CLOSING PRICES.
Argentine Republic, 6 per Cent ... ,
Do. Account
Austrian Bonds 5 per cent
o.
Brazilian D 5 per Cent 1859
Do• q per Cent. 1852 Do. do 1858.... —
•
Do. au 1860
Do- do., 1883
Do. 5 per Cent., 1865 —
z _ De. Account 9O 89;
enos Ayres 6 per Cent.
Do 2 per Cent. (Deferred 3 per re it —
Cubk, 6 per Cent.
Outlian 6 per Cent
DO. 4k ' .
por Cent. —