The Sun.
London, England, 1870-01-25 00:00:00

M. 0 N E Y A. EKE T

ANTI
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
The business to-day on 'Change was of an im-
proving nature, and the favourable turn of yester-
day was fully maintained. Consols opened steady
and maintained their closing price ; in the Foreign

Market a slight impetus has been given by the ex-
pected new Russian Loan, but for Italian and
Spanish stocks prices are not quite so good.
American stocks are dull, but Illinois

have dropped I. For Railway and Tele-
graph Shares there is a good demand
Construction has gone up on the faith of the intel-

ligenee brought by the Cape Mail (published in our
late edition last night), relative to the safety of the

Great Eastern.

'file demand for discount is not

very extensive, the price being sl ill 2i to 3 for first

class paper.
Consols are now at 921 to 92ii for money ;
ditto, for Account, —; Three per Cent. Re-
duced, 92 2.; ; New Thee per Cents, 92i

Exchequer Bills £l,OOO, March, prem. ;
June, 1 dis. ; ditto £lOO, £2OO, and £5OO, March,
par ; June, ; Bank of England Stock,

41 per Cent., 239 7.
India Stock, 10f per Cent., April, 1874, ;
ditto 5 per Cent., July, 1880, 112 ; ditto 4 per
Cent., Oct., 1888, 100 a ; ditto Enfaced Paper,
4 per Cent., 911 ; ditto 5 per Cent., 103 ; ditto 5i

per Cent., 1101.
In the Foreign Market business is rather active
in Russian stocks. Prices are marked as follows :
—Egyptian (1864), 901 to 911 ; ditto (1868), 761
to 761 ; Viceroy's Seven per Cents., 801 to 801 ;
ditto Nine per Cents., 971 to 971 ; Mexican, 141
to 15 ; Italian, 541 to 541 ; Prussian (1822), 86
to 87 ; ditto (1866), 901 to 911 ; Orel, 831 to 831 ;
Nicolas, 65/ to 66 ; Moscow, 801 to 81 ; Charkof,
82 to 821 ; Spanish, 278 to 271; Turkish Five
per Cents., 43 to 43f ex div. ; ditto Six per Cents.,
66 to 661 ex div. ; and the Script to 1 prem.
In the Railway Market Great Northern, South
Eastern, Lancashire and Yorkshire, Metropolitan,
Brighton, Midland, and London and North
Western Stocks have improved. The prices are
now as follows :—Caledonian, 761 to 761 ; Great
Eastern, 371 to 371 ; Great Northern, 111 to 112 ;
ditto (A), 112 to 1111 ; Great Western, 61f to
62 ; Lancashire and Yorkshire, 128 to 1281 ;
London and Brighton, 45 to 45f ; London, Chat-
ham, and Dover, 148 to 151 ; London and North
Western, 1231 to 1241 ; London and South
Western, 93 to 94 ; Metropolitan, 791 to 791;
Midland, 1221 to 1221 ; North Eastern (Ber-
wick), 125 to 1251 ; and South Eastern, 76
to 761.
In Telegraph Shares prices have advanced, Con-
struction and Maintenance, 36 to 361; British
Indian Submarine, 14f to 151: Anglo-American,
194 to 20 ; China Submarine, 1 to a prem. ; Fal-
mouth, 31 to 48 prem. ; French Cable, 18 to 181 ;
and Land and Sea Telegraph, 1 prem.
In Miscellaneous Securities prices are nearly
stationary. General Credit, f dis. to I prem. ;
International Finance, 1 to 11 dis. ; National Dis-
count, 111 to 12 ; and London General Omnibus
are ffrm.

American Five-Twenty Bonds are 87 to 871 ;
Illinois, 103 to 104 ; Erie Shares are 18 to 181.
Lombardo-Venetian, 20 to 20-1- ; Great Luxem-
burg, 13i to 131.
In Bank Shares London and County are in re-
quest at 50 to 501- ; London and Westminster, 60
to 61. ; Chartered Mercantile, 32 to 33 ; Consoli-
dated, 4 to 41 ; Anglo-Austrian, 14 to 16 prem. ;
Union of London, 36 to 37 ; Imperial Ottoman,
2i to 22 prem. ; and London Joint-Stock, 33 to 34,
being lower.
The sum of £232,000 in gold was taken from the
Bank yesterday, it is believed on account of the
recent Turkish Loan.
The Ripon, from Alexandria, has brought £3,000
and the City of New York, from Halifax, £3,050.
It is understood that the new 5 per cent. Russian
Loan of £12,000,000 Stock will be a direct Govern-
ment Loan, but that the sum is to be appropriated
for railways. The full particulars are likely to
transpire to-morrow, and applications will be re-
ceived towards the end of the week.
The report of the General Credit and Discount
Company (limited), to be presented on the 4th of
February, recommends a dividend at the rate of 5
per cent. per annum, which will absorb £37,500,
and after an appropriation of £30,000 to the reserve
leave £10,602 to be carried forward.
The Committee of the Stock Exchange have
granted a quotation for the full amount of the
San Domingo 6 per Cent. Loan of £757,700, intro-
duced in July last, on the certificate of the agents,
Messrs. Peter Lawson and Son, that the balance of
the bonds not originally allotted are now placed.
It is understood that these bonds have been taken
up by a body of capitalists who are probably influ-
enced by the treaty now being negotiated by the
United States for the lease of Samaria Bay, as well
as by the rumours in circulation pointing to an
annexation of the whole Republic. In the latter
case it is assumed the obligations of the 6 per Cent.
Loan would be undertaken by the United States'
Government.

The impression that several new loans will
shortly appear in the market naturally induces capi-
talists and others to wait before selecting fresh
investments. There may be advantages in the terms,
the prices at which these operations may be offered
may be lower, and, beyond all, the instalments may
be made convenient for future payment. All these
are considerations for individuals having invest-
ments to make, particularly since existing loans
have been carried to a price much in advance of
what they were a few months ago. The contrac-
tors of these operations must, however, be careful
that they do not overweight the market, or should
there be any relapse in this respect the influence
would at once be apparent and lead to a reaction
that would immediately be productive of prejudicial
results.

At a meeting of the holders of Peruvian Bonds
of 1862 and 1865, the proposed transfer of the
agency from London to Paris was strongly con-
demned, and the following resolutions were passed
unanimously :—" 1. The holders of Peruvian Bonds
at this meeting protest against the departure, either
in the letter or the spirit, from the tenor of the
bonds of 1862 and 1865. 2. That a committee be
formed for the purpose of protecting the rights of
the bondholders, with power to add to their number,
and to demand, in the name of the bondholders,
such documents and other information as may be
for the common benefit. That the committee in the
first instance consist of the following gentlemen:—
J. P. Kennard, W. Smith, Win. Whiteside, Edward
Haslewood, John Field, Robert Martin, and Isidore
Gerstenberg."

BRITISH FUNDS-TWO O'OLOCII.

UOVERNMEST I'UNDS.
3 per Cent. Consols
Ditto for Account
3 per Cent. Reduced 921 1
New 3 per Cent
Now 21 per Cent. Jan. 1894
Do. 5 her Can J111.187:1 ..
Annuities, SO yrs, expire sth Jan., 18tse.
Do. for 3U yrs, expire sth April 1885 —
Do (Red Sea Telebrapli), Avg., 1208., —

The directors of the Alhambra Company (Limited)
have issued their report. It states that the gross
receipts for the past half-year have amounted to
£37,820, and the gross expenditure £29,904, the
net profits for that period being £7,915. The direc-
tors recommend a dividend at the rate of 25 per
cent. per annum for the past half-year.
The amount of Australian gold known to be now
on the way to England is £520,500, of which
£327,000 by the Peninsular and Oriental Com-
pany's packet, and £96,500 by the steamer Great
Britain, are expected to arrive at the end of the
week.
The South Eastern Railway traffic return shows
this week a decrease of £1,769, compared with the
corresponding period of last year, and the
Brighton a decrease of £970.
Vice-Chancellor James proposes on the Bth of
February to make a call of Is. per share on the
contributories of the State Fire Insurance Com-
pany.