The Sun.
London, England, 1870-01-19 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

The tone of the market to-day was not very en-
couraging, but notwithstanding prices did not ma-
terially give way. Consols remain at yesterday's
prices, but in the Foreign Market Peruvian has
fallen, but Spanish and Turkish exhibited
an improvement. In American securities
there is a trifling improvement in Five-Twenties
and Eries. In English Railways there is a trifling
decline in some of the principal lines, whilst in
Banking and Miscellaneous shares the market is a
shade better. For discount there is but a limited
inquiry, loans on Government paper are done at t
to 3, but for other bills 2i is the rate in the open
market.

At Mark-lane to-day the corn market was dull.
The supplies from all quarters was very limited,
and prices were the same as those of Monday last.

A new Russian Loan is now expected to be an-
nounced to. morrow. It is a Government loan
of £12,000,000, repayable by annual drawings.

Consols are now at 921 to 924 for money ;
ditto, for Account, —; Three per Cent. Re-
duced, 921 1; New Ttiree per Cents, 924 1 ;
Exchequer Bills £l,OOO, March, prem. ;
June, par ; ditto £lOO, £2OO, and £5OO, March,
June, ; Bank of England Stock,
4/ per Cent., 2364 8.
India Stock, 104 per Cent., April, 1874, —;
ditto 5 per Cent., July, 1880, 114 ; ditto 4 per
Cent., Oct., 1888, 1004 1 ; ditto Enfaced Paper,
54 per Cent., 1104.
The leading feature in the Foreign Market is a
relapse in Peruvian Five per Cents. of 11 per cent.
to 771 to 771 ; Italian are 541 to 541, and Mexican
at 14/ to 15 ; and Spanish Bonds, 27 to 271, show
a rise of Ito 1 per Cent. Turkish Five per Cents.
are 434, the Six per Cents. 661, and the new Scrip
prem. In Egyptian the 1868 Bonds are 77 to
771 ; the 1864, 91 to 92 ; and the Viceroy's Loan,
84 to 81/ ; Brazilian Bonds are flat, at 881 to
891, on the proposal of a new loan. Portuguese
are also flat, at 33 to 334. In Russian there is
likewise a dull feeling. The 1862 Government
Loan is 86 to 87 ; Orel, 83 to 84 ; Nicolas, 654
to 664 ; Moscow, 81 to 821 ; arid Charkof, 82
to 83.
In the Railway Market Metropolitan, Midland,
South Eastern, and Caledonian are 1 better. Great
Northern Shares have fallen 1, and Brighton and
London and North Western 4 each. The prices
are as follows :—Caledonian, 76 to 764.; Great
Eastern, 371 to 374 ; Great Northern, 110 to 111 ;
ditto (A), 1104 to 111 ; Great Western, 61 to 611 ;
Lancashire and Yorkshire, 128 to 1284 ; London
and Brighton, 45 to 451; London, Chatham, and
Dover, 141 to 151 ; London and North Western,
1234 to 1241 ; London and South Western, 93 to
94 ; Metropolitan, 78 to 781 ; Midlani, 123 to
1231 ; North Eastern (Berwick), 1264 to 126/ ; and
South Eastern, 774 to 774.
American Five-Twenties are 864 to 87 ; the
1865, 864 to 861 ; the 1867, 854 to 854 ex div. ;
and the Ten-Forties, 844 to 85 ; Erie Shares are
18 to 184 ; Illinois, 1034 to 1041 ; Atlantic and
Great. Western Bonds, 26 to 27 ; and the Deben-
tures, 28 to 29.
Great Luxemburg is now 134 to 134 ; and

Lombardo-Venetian—is 201 to 20i.
French Telegraph Cable are -1 lower, at 181 to
181- ; and Falmouth 1, at 31 to 4 prem. ; Anglo-
American, 191 to 201; British Indian Submarine,
144 to 141; China Submarine, 1 to 1 prem. ; and
West India and Panama, f to 1 prem. ; and Con-
struction and Maintenance, 351 to 351.
In Bank Shares Imperial Ottoman are 21 to 21
prem. ; London and County, 50 to 51 ; London
and Westminster, 60 to 61 ; London Joint-Stock,
331 to 341 ; Union of London, 37 to 38 ex div. ;
Consolidated, 41 to 41 ex div. ; Chartered Mercan-
tile, 32 to 33 ; Anglo-Austrian, 14 to 16 prem. ; and
Alliance, 13 to 14.

In the Miscellaneous Shares Credit Foncier are
3 to 3} ; General Credit and Discount Company,
146 dis. to 1-16 prem.; International Financial,
1{ to 14 dis. ; Berlin Water Works, 141 to 15 ;
Hudson's Bay Company, 121 to 121 ; London Fin-
ancial, 124 to 134 ; London General Omnibus
Company, 24 to 24 ; National Discount, 114 to 114;
Peninsular and Oriental Steam, 464 to 174 ; Royal
Mail Steam, 544 to 551.
The subscription list for the Great Northern
Telegraph (China and Japan Extension Company)
Was closed yesterday, and the whole amount is un-
derstood to have been taken. The price of shares
to 4 prem.
The Manchester markets this week have opened
with a slight improvement of tone.
The suspension has been announced of Messrs.
Amott and Co., silk mercers, of St. Paul's church
yard, with liabilities stated at £36,000.
The New York advices mention the failure of
Messrs. Hugh N. Camp and Co., sugar refiners,
With liabilities for about £130,000.
The directors of the North-Western Bank
(Limited) have declared a dividend at the rate of 5
per cent• per annum.
A telegram from Calcutta, of the 11th instant,
states that the Bank of England (Government) have
declared a dividend for the past half-year at the
rate of 5 per cent. per annum.
The guaranteed 5 per cent. capital of the Car-
natic Railway Company has all been taken up at
£lO3, the price fixed by the Secretary of State for
India.

The New Prince of Wales Slate Company have
proposed a fresh issue at par of 2,000 reserved
shares of £5 each, to construct a tram line from
the quarries to the port of Criccieth to join the
Cambrian Railway.
At the meeting of the proprietors of the City
Bank a dividend was declared at the rate of 7 per
cent. per annum.

At the half-yearly meeting of the proprietors of
the Imperial Bank (Limited) a dividend was de-
clared at the rate of 5 per cent. per annum.
At a meeting of the English and Foreign Credit
Company a dividend was declared for the half-year
of ss. per share.

Messrs. Alexander Collie and Company send the
following from Manchester :—" A fair amount
of business has been done in Indian goods since
Friday. Producers are asking a further advance
of id. per lb., which is decidedly checking opera-
tions."

The directors of the United Land Company
(Limited), in
ttheir annual report, announce to the
shareholdersthat, h
at, after clearing off the current
working outlay and writing
off the sum of £750
from the preliminary expenses, and providing for
every charge against revenue, including the interest
of five per cent, fixed for calls paid in advance,
they are enabled to declare a dividend on the
called-up p
capital at the rate of five
per cant. per
annum, free of income-tax, for the five months end-
ing the 31st of December, 1869 (the four months
by
been already paid
to July 31st havingthe in-
terim dividend deelared on the 26th of July, 1869) ' •
and, in addition, a bonus at the rate of five per cent.
per annum for the nine months ending the 31st of
December, 1869.
The following relates to the debt of Mexico :
" Mexican Bondholders' Committee, 1, Copthall-
Chambers, E.G., Jan. 18.
" Sir,—The tenour of the recommendations
which Senor Romero, as Minister of Finance, has
recently addressed to the Mexican Congress, as well
as that of the communications which the agent of
the bondholders has received from him and other
members of the Cabinet of President Juarez, war
rant the assumption that the expression employed
in the Mexican Budget of the 14th December last,
and quoted iu The Sun, refer to the foreign debt of
the Republic.
" A a proof of the correctness of this inference 1
am able to cite the very words used on a recent
occasion by a member of the Mexican Government
in a conversation with the bondholders' agent, and
re,Taeed by the latter in a letter he addressed
to the committee ou the 9th ult.—viz , That the
Government is desirous of obtaining an increase of
revenue to enable it to cover its authorised expen-