The Sun.
London, England, 1870-02-03 00:00:00

MONEI MARKET'

AND

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.

The 'weekly meeting in the Bank parlour has not
resulted in an alteration in the rate of discount,
and on 'Change business is languid. Consols, with
difficulty, support the opening price, and in
the Foreign Market there appears to be a
general disposition to sell at a trifling re-
duction on the official quotations. American
Securities are the tutu better, and in the Railway
Market business, although not very active, is better
than yesterday. In English Railway Stock there
is a small improvement in the quotations of some
of the principal lines, but the demand for Tele-
graph Shares has been somewhat less active.
Banking and Miscellaneous Shares are almost
neglected.
Consols are now at 921 to 921 for money ;
ditto, for Account, —; Three per Cent. Re-
duced, 921; New Tkree per Cents, 921 1 ;
Exchequer Bills £l,OOO, March, prem. ;
June, prem ; ditto £lOO, £2OO, and £5OO, March,
par ; June, 4 prem. ; Bank of England Stock,
44 per Cent., 240.
India Stock, 101 per Cent., April, 1874, ;
ditto 5 per Cent., July, 1880, 1111 1 ; ditto 4 per
Cent., Oct., 1888, 1001 ; ditto Enfaced Paper,
5 per Cent., 104* ; ditto of per Cent., 109*.
In the Railway Market Great Northern (A) are
better, at 1111 to 112. Great Western have
improved to 62/ to 631. North Western are 1231
to 125 ; Caledonian, 76*, to 77 ; Great Eastern,
371 to 37* ; Great Northern, 111 k to 1121 ; Lan-
cashire and Yorkshire, 128 to 128 k ; London and
Brighton, 441 to 45; London, Chatham, and Dover,
15 to 151 ; London and South 'Western, 93 to 94 ;
Metropolitan, 781 to 78* ; Midland, 123 to 123 f ;
and South Eastern, 761 to 761.
In the Foreign Market, Egyptian (1864) bonds
are 91 to 92 ; ditto (1868), 761 to 76* ; Viceroy's
Seven Cents., 801 to 811 ; and the Nine per Cents.,
971 to 98 ; Italian, 541 to 541 ; Peruvian, 79 to
791 ; Portuguese, 321 to 53 ; Russian (1862), 85
851; Ore], 83* to 841 ; Nicolas, 661 to 67 ; Mos-
cow, 811 to_B2 ; Charkof, 83 to 831 ; Spanish, 271
to 271 ; and Turkish Five per Cents., 431 to 431.
The new Russian loan is 21 to 21 prem. ; and
the Chilian Loan, 1 to 1 prem.
American Five-Twenty Bonds are 861 to 871 ;
the Ten-Forty Bonds, 841 to 84* ; Eries are 20
to 201 ; and Illinois, 103 to 104 ex div.
Great Luxemburg shares are 131 to 13/, and Lom-
bardo-Venetian Railway shares have recovered to
20f to 201.
In Telegraph Shares Construction and Main-
tenance are 391 to 40; Anglo-American, 19i to
191 ; French Cable, 171 to 171 ; Falmouth, 31 to
34 prem. ; China Submarine, par to 1 prem. ; and
British Indian Submarine at 141 to 141.
In Bank Shares London and Westminster are
58 to 59 ex div. ; London Joint Stock, 311 to 32
ex div. ; Union of London, 36 t.) 37 ; Loudon and
County, 49 to 50 ; Chartered Mercantile, 32 to
33 ; Imperial Ottoman, 21 to 2* prem. ; and -Agra
(A), 11* to 121.
There were no gold operations at the Bank
yesterday.
The Union, from New York, Las brought £55,630
for London.
The Nile, fur the West Indies, has taken £8,350.
The list for the Chilian Loan was finally made
up on the receipt of the country mails yesterday,
and the total applications for the £1,012,000 are
found to amount to between 7 and 8 millions.
From the extraordinary amount of the applica-
tions it is still uncertain when the allotment letters
for the Russian Loan will be sent out.
In August last the President of the Republic of
Ecuador issued a decree confiscating the Customs

receipts hypothecated to the bondholders, and,'

at the harcie time, authorized the employment of
certain funds of the Treasury in buying up a

portion of the bonds at the depreciated price to
,which it was assumed they would be brought down
by this act. A more shameful public document
.was never issued, and Ecuador has since that time
tit,ea Clatagt.,tl n. 10,1 ro nlOst anerna,.,l Qt""
Meanwhile the agents of the bondholders have
represented the case to the Foreign-office, and the
following answer has been received :
Foreign-office, Jan. 25.

Sir,—With reference to your letter of the 31st of De-
cember last and to previous correspondence, I am directed
by the Earl of Clarendon to acquaint you, for the informa-
tion of the Ecuadorian Comtnissian of Agency, that his
lordship has instructed her Majesty's Chargé d'Affaires at
Quito to protest strongly againit the decree of the National
Convention of Ecuador of the 17th of August, 1869, under
the authority of which the payment of the interest on the
bonds is proposed to be stopped, and to express the hope
of her Majesty's Government that the President of the
Republic will take the necessary steps to have the decree
lo question reconsidered.

I am, sir, your most obedient, humble servant,
J. HAMMOND.
John Field, Esq., Founder's-court, Lothbury.
A plan 4, for the reconstruction of the Albert
Life Assurance Company, to pay all claims in full,"
has been issued by a provisional Committee of
Policyholders, Annuitants, and Shareholders, of
Which Mr. James Thomson, of the Agra Bank, is
chairman.
A telegram has been received by the Hudson's
Bay Company from their agent at St. Paul's, Min-
nesota, stating that Riel was reported to be a pri-
soner, and that Governor Mactavish's authority
had been restored at Red River.
The East London Railway have announced an
issue of six per cent. debentures for £454,700 for a
term of four years.
The directors of the Great Northern Telegraph
Company have notified that they intend to propose
to the general meeting in April next that additional
coupons shall be issued, to be attached to the
shares, representing interest at the rate of 5 per
cent• per annum, to be paid half yearly, on the Ist
of January and the Ist of July, and that the sur-
Plus dividend shall be paid after the general meet-
ing in April.
The half yearly meeting of the London and
North-Western Railway Company is called for the
19th inst., and will be made special, to consider
several bills in Parliament.
At the meeting of the City of London Brewery
Company it was stated that the profit for the past
year was £66,258 18s. Id., and a dividend of 6 per
cent, was declared.
The half yearly meeting of the Staines, Woking-
ham, and Woking Railway Company is called for
the 23d inst., and that of the Northern and Eastern
Railway Company for the 17th.
The half. yearly meeting of the London, Tilbury,
and Southend Railway Company is convened for
the 22d inst.
The annual meeting of the Grosvenor and West-
nstant,
end Railway Terminus
Hotel Company (Limited)
will be held on the
16th todei
dividend.
Vice-Chancellor James has fixed the
14th inst.
to appoint an official liquidator of the North Kent
Railway Extension Company.

BRlTlikt FTIIIDII—TTfO O'CLOCK.
GOVERNMENT 1 UNDS.
3 per Cent. Consols

.Ditto for Account —
S per Cent. Reduced 921
New 3 per Cant
NOW 21 per Cent. Jan. 1894
Do. 5 per Con i an. 187 3
ilanuities, 30 yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 —
4 Do (Red Sea Telet,raph), Aug., 1908 —
"leheqicz Rills, £l,OOO, 2i p. Ut.llarch pm
DJ. 2i do. June
Dl£loo, .£2OO 6: £5OO 5 Pm
dank of England Stock, 41 per Cent
epenino• --•
.; %nada 4 per'Cent. Bonds —
4413r-Colonial (Thulium
1 1Nn1.4..N d)VERNMENT SECURITIES.
u'r-L. stock, 101 par Cent., April 187,i —
s-V,t. 01}eniug, for Account —
1)-'' • 0 I.er Cent. July, 1380
1 pu:.• Cent. Oct. 1868
1,--',O. Eufaced Pape, 4 pzr Cant.... —
14°. 5 per Cent., Jan. 1872 ..... ... lO4
Do' SA. Per , '7 ,-,
0 ' _ (.,qut. May 18,9 109 i
a 0 Pe: Cent., Rup. Dar-.), 1872.,. —
Do do 18-:a.,..,.,...•
Do, do. 1882 —
t)•:. Deb., 5 per Cent., Aug. 1873 ~ —
,-,°• Boad.l, 4 per Cent., £l,OOO
'lO. under £l,OOO 1
9tgeFOREION FUNDS—TWO O'CLOOK.
i 0 .114lltiue Republic, 6 per Cent
.j Ace.f.mLat Bsi
'•