The Sun.
London, England, 1870-01-20 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

The weekly meeting in the Bank parlour has
terminated without any alteration being made in
the rate of discount." The state of uneasiness in
Paris has caused a trifling decline in Consols, which
are the turn lower, whilst in the Foreign market
business has become very depressed, except for
Spanish and Mexican stock, a favourable movement
in both these securities being occasioned by an im-
pression that steps are being taken to bring about
a better state of things than at present exists. For
Railway, Banking, and Misc.lellaneous shares the
demand has been very slack.
Consols are now at 921 to 921 for money ;
ditto, for Account, 921 ; Three per Cent. Re-
duced, 921 s ; New Three per Cents, 92/ ;
do. 21 do., 74/; Exchequer Bills £l,OOO, March, —;
June, ; ditto £lOO, £2OO, and £5OO, March,
; June, ; Bank of England Stock,
4i per Cent., 238.
India Stock, 101 per Cent., April, 1874, ;
ditto 5 per Cent., July, 1880, 111/ 1 ; ditto 4 per
Cent., Oct., 1888, 1001 ; ditto Enfaced Paper,
51 per Cent., 1101 ; Canadian 4 per Cent. Bonds,
1903, 106.
In Foreign Stocks Spanish is f better, at 27f to
27i ; Mexican is 15f to 151 ; Argentine Bonds, 871
to 881 ex div. ; Egyptian (1868), 76f to 67 ; Vice-
roy's Nine per Cents., 97f to 971 ; Italian, 541
541; Peruvian, 771 to 781 ex all ; Portuguese, 33
to 331; Russian (1862), 86 to 87 ; Orel, 83 to 84.;
Nicolas, 651 to 661; Moscow, 81f to Bi/ ;
Charkof, 82 to 82/ and Turkish Five per Cents.,
431 to 43f ex div.
In the Railway Market Great Notthern A, Great
Western Western, South Eastern, London and
North Western, and Great Eastern are better. Prices
are as follows :—Caledonian, 761 to 761 ; Great
Eastern, 371 to 37f ; Great Northern, 110 to 111 ;
ditto (A), 110ito 1111 ; Great Western, 601 to 611 ;
Lancashire and Yorkshire, 1271 to 128 f ; London
and Brighton, 451 to 45i; London, Chatham, and
Dover, 141 to 151 ; London and North Western,
1231 to 124 ; Metropolitan, 781 to 781 ; Midland,
1211 to 122 ; North Eastern (Berwick), 126 to
126 i ; and South Eastern, 771 to 771.
American Five-Twenties are 861 to 87 ; being
a fall of 1 ; Erie Shares are better, 171 to 181 ;
Illinois, 1031 to 1041 ex div.
Telegraph French Cable Shares, 171 to 181 ;
Anglo-American, 191 to 20 ; British Indian Sub-
marine, 141 to 141 ; China Submarine, 1 to /
prem. ; Falmouth 31 to 31 prem. ; Panama, par to
I ; and Atlantic„Eight,per Cents., 2f to 21 ; Con-
strue tic) a is flat, at 341 to 35, being a decline of I.
Lombardo-Venetian are 20 to 201, a fall of 1;
and Great Luxemburg, 131 to 13f.
In the Miscellaneous Shares Hudson's Bay
Company are quoted 11} to 121; National Dis-
count, 111 to 12 ; General Credit and Discount
Company, f dis. to par; International Finance,
to 11 die.
In Bank Shares Agra (A) are 12 to 121; Alli-
ance, 13 to 14 ; Anglo-Austrian, 14 to 16 prem. ;
Chartered Mercantile, 32 to 33 ; Consolidated, 41
to 41 ex div. ; Imperial Ottoman, 24 to 2/ prem. ;
London and County, 50 to 51 ; London and
Westminster, 60 to 61 ; and London. Joint-Stock
331 to 34k.
The report of the Staffordshire Joint Stock Bank
(Limited) recommends a dividend of lbs. per
share for the half-year.
A dividend at the rate of 10 per cent. per an-
num is recommended by the India Rubber, Gutta
Percha, and Telegraph Works Company.
At the meeting of the London and Westminster
Bank a dividend at the rate of 6 per cent. per an-
num was declared, together with a bonus of 51 per
cent., leaving £7,503 to be carried forward.
At the half-yearly meeting of the New Zealand
Trust and Loan Company a dividend of 5 per cen t
was declared, and £4,000 carried to reserve, which
is now £36,000.
At the meeting of the National Discount Com-
pany (Limited) a dividend was declared for the
half-year at the rate of 161 per cent. per annum.
At the meeting of the New Zealand Trust
and Loan Company (Limited) an ad interim di-
vidend of 5 per cent. was declared for the half-
year.

The annual meeting of the shareholders of the
London and County Banking Company will be held
on the 3d of February.
The half-yearly meeting of the London and
South Western Railway Company is fixed for the
17th of February.
The ordinary general meeting of the Westminster
Palace Hotel Company (Limited) is called for the
28th inst.
The report of the directors of the Staffordshire
Joint Stock Bank (Limited) proposes a payment
of 15s. a share for the half-year ending Decem-
ber 31.
The sum of £20,000 in gold was taken from the
Bank yesterday. The operations of the week since
the last return have resulted on balance in an influx
of .£6l 000
, .

The America, from New York, has brought
£11,580.
It is understood that the arrangements for a
working agreement between the EngliEh and
French American Telegraph Companies, including
the Newfoundland Company, has been completed
in all their details, and that meetings of tbe share-
holders respectively will be called immediately to
ratify them.

The America, from New York, has brought a
further remittance of £5,000 of bar silver from the
Eberhardt mine, White Pine, making the fourth
shipment thence within the last seven weeks.

It is announced by the Anglo-Austrian Bank
that no securities of the various public debts of the
Austro-Hungarian Empire can be recei'red for con-
version after the 31st March next.

It is understood that there are a variety of new
Undertakings on foot only requiring the slightest
favourable change in the money market to bring
them forward. In addition to telegraph companies,
mining and other fresh enterprises are being ma-
tured, which, if floated, seem to be considered
capable of satisfactory development. Much will
naturally depend upon the constitution of boards
of directors and the manner in which it is pro-
posed the business shall be conducted.

The tenders for £387,500 in bills on India were re-
ceived at the Bank of England, when the amounts
allotted were—to Calcutta £374,150, and Madras
£13,350. The minimum price was fixed, as before,
at ls. lld., and tenders at ls. llid. will receive
about 2 per Cent. These results show a further
diminution in the demand for means of remittance
to the East.
The advises from Buenos Ayres state that the
Provincial Chamber of Deputies have passed the
law authorising a loan for $6,000,000 in 6 per cent.
bonds, to be negotiated with the London and River
Plate Bank at 80, the money to be applied towards
with sewarage and street pave-
supplying the city
merit, a project for which hadn anticipated,b fullyeen
Were
r tifie
cli
The troops in Paraguay, as
n
progrees of withdrawal.
The American journals state that the Boston,
Halifax, and Erie Railway Company have obtained
grace on their January coupons (endorsed by the
Erie Company) from most of their large bond-
holders, Mr. Vanderbilt among the number. It
Would, therefore, appear that the Erie directors
hive been unable to provide funds to meet their
commitments in connection wick this line, and
could be sued accordingly. It is also stated tha
they have just been defeated in the attempts which
have been going on since August last to obtain con-
trol of the Albany and Susquehanna Railway, Illr.
Ramsey and his co-directors being now again in
possession.

BRITISH FUNDS-CLOSING PRICES.

G OVERNMEST ruNDs.
3 P,r Cult. Gutibui6
~•,.... Lk.r A..2C031.:t tot
. •
t;:tr Cora
.it.tv 2i 001 k.,.tii. Jaa,..1,-;.
Do. 5 per Cen Jsn .187 3
annuities, 80 pre, expire sth Jan., 1880 —