The Sun.
London, England, 1870-01-15 00:00:00

MONEY MAII,IKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
The attendence to-day in 'Change was very
limited, but business began again to show symptoms
of improvement. American Stocks were the securi-
ties most in demand, lines rising over 1 per cent.

In Telegraph Shares there was an active inquiry
for French Cable Shares, the reason of the impetus
being the arrangements entered into by the three
Companies, as stated below. Consols maintain
their closing quotations, and then the rate of dis-

count may be called 21 per cent.
Consols are now at 921 to 921 for money;
ditto, for Ac :ount, ; Three per Cent. Re-
duced, 921 4 ; New Three per Cents, 921 ;
Exchequer Bills £l,OOO, March, par ; June,
5 prern. ; ditto £lOO, £2OO, and £5OO, March,
June, par ; Bank of England Stock,
41 per Cent., 238.
India Stock, 101 per Cent., April, 1874, ;
ditto 5 per Cent., July, 1880, 111; ; ditto 4 per
Cent., Oct., 1888, 100} 1 ; ditto Enfaced Paper,
4 per Cent., 911.
In the Foreign Market Egyptian (1861), are
quoted 91 to 92 ; ditto (1868), 811 to 82 ; Italian,
551 to 554 ex div. ; Mexican, 151 to 151 ; Peru,
891 to 811 ; Russian Five per Cents., 85 to 87 ;
ditto Four-and-a-Half per Cents., 80 to 90 ex div. ;
ditto (1866), 91 to 92 ; Orel, 831 to 84 ; Charkof,
82 to 83 ; Spanish, 271 to 271 ex div. ; Turkish
821 to 831; ditto (1869), 1 to 1 prem. ; and ditto
(1865), 44 to 444 ex div.
In the Railway Market prices are now as fol-
lows :—Caledonian, 761 to 761 ; Great Eastern,
384 to 381; Great Northern, 1104 to 1114 ; ditto
(A), 1114 to 112 ; Great Western, 61 to 611 ;
Lancashire and Yorkshire, 1281 to 1281 ; Loudon
and Brighton, 45 to 451 ; London, Chatham, and
Dover, 141 to 151 ; London and North Western,
1244 to 125 ; London and South Western, 93 to
94 ; Metropolitan, 781 to 79 ; 'Midland, 1231 to
1241 ; North Eastern (Berwick), 1261 to 1271 ;
and South Eastern, 774 to 78/.
American ;Five-Twenty Bonds are lower. The
1862 Loan is now 864, the 1865 Loan 861, and the
1867 Loan 854. :Ten-Forties, 841 to 851 ; Illinois,
99 to 100 ; and Erie Shares 171, being 4 better.

Lombardo-Venetian is quoted at 20/ to 21}; and
Great Luxemburg, 13/ to 13k.
Anglo-American and French Cable are each 1
better, the former being 191 to 19/ ; the latter,
171 to 18 ; British India Submarine, 141 to to 14/ ;1
China Telegraph, a to 1 prem. ; Falmouth, 4 to 41
prem. ; and Construction and Maintenance, 34
to 341.
In Bank Shares, London and Westminster are
10s. higher, at 601 to 61i ; London Joint stock,
33i to 34 ; Union of London, 38 to 39 ; London
and County, 50 to 51 ; Imperial Ottoman, 21 to
2/ ex div. ; Consolidated, 41 to 41 ; Chartered
Mercantile, 311 to 321 ex div. ; Anglo-Austrian,
15 to 17 prem. ; Alliance, 14 to 15 ; and Agra (A),
12 to 121.
The sum of £73,000 in bar gold was taken to the
Bank yesterday.
The Hammonia, from New York, has brought
£4,000.
The Star of Peace, with 112,000, and the steamer
Great Britain, with £96,500, are announced to have
sailed from Melbourne for England.
A telegram from Pekin of the 18th of November
has been received to the effect that the American
treaty has been ratified by the Emperor, that Mr.
Burliugarne's mission is to remain in Europe, and
that Imperialist successes have been obtained in the
province of Shansi and elsewhere.

It is understood that the deputation of the Great
Western Railway of Canada, on their return to
London, report that they have made a working
arrangement with the Michigan Central Railroad
of a very advantageous character, and which will
shortly be submitted to the proprietors at a special
general meeting.
Another person calling himself " Edward
Schneider, banker, of Brunswick," is pursuing
the plan of sending Austrian State Loan Lottery
tickets to parties in England, whose names he
takes the liberty of putting into type, and from
whom in each case he requests a remittance of £5.
Of course, the discreditable practice is found pro-
fitable or it would not be thus systematically
carried on, but it is to be regretted that the Aus_
trian Government does not find some means of
putting a stop to it.
We are informed that a working arrangement
between the Anglo-American, Atlantic, and French
Atlantic Telelegraph Companies has at last been
agreed to. It proceeds, of course, upon the prin-
ciple of a division of receipts in a certain stipulated
proportion.
Messrs. Alexander Collie and Co. send the fol-
lowing from Manchester Market steadier, and
producers are firm at current quotations."
The tone of the Colonial Produce Market this

week has been steady, but no decided improvement
can be quoted. Supplies are rather large, and there
is an entire cessation of speculative business.
A prospectus has been issued of the Panama and
South Pacific Telegraph Company (Limited) to ex-
tend telegraphic communication from the system of
the West India and Panama Company, now ap-
proaching completion, to New Granada, Equador,
and Peru on the Pacific Coast by submarine cables.
Prom Peru communication by land lines is likely
Boon to be completed to Chili and thence across the
Argentine Republic to Buenos Ayres, whence a line
already exists to Montevideo, in Uruguay, which
in its turn will shortly have communication with
Rio de Janeiro. The cables of the company, which
will consist of 1,100 miles, may therefore, apart
from the regular existing traffic of the Pacific coast,
have the prospect of receiving a constant increase
of business from the rapid development of the coun—
tries of the River Plate and also of Brazil.
The report of the National Discount Company
(Limited) recommends a dividend at the rate of
16i per cent. per annum.
The report of the Imperial Bank (Limited)
re commends a dividend at the rate of 5 per cent.
Per annum,
The report of the Alliance Bank (Limited) re-
commends a dividend at the rate of 7s. 6d. per share.
The report of the Port Phillip and Colonial Gold
Company (Limited) recommends a dividend of
is. 6d. per share.
At the meeting of the General Board of the
Thames and Mersey Marine Insurance Company a
dividend was declared of 2s. per share, being at
the rate of 10 per cent. per annum for the half-
year.

The directors of the British and Foreign
Marine Insurance Company (Limited) recommend
a dividend for the half-year of 2s. per share, to-
gether with a bonus of 45., making a cash distribu-
tion for the year of 20 per cent.
The report of the National Bank of Liverpool
(Limited) recommend a dvidend at the rate of
£l6 13s. 4d. per annum.

BRITISH F UNDS —CLOSING
.yßi.oeis
GOVERNMENT FUNDS.
3 par Cent. Consols

Ditto for Account
3 per Cent. Reduced
New 3 per Cent
Now 2} per Cont. Jan. 1894
Do. 5 por Cen Jan. 1873
&nnuities, SO yrs, expire sth Jan., 1880.
Do. for 30 yrs, expire sth April 1885 —
Do (Red Soa Televaph). Aug., 1908„.
ExtAtoqu-r Mils, £l,OOO, 2} p. Ct. llarch par
Do. 3 do. June 5 Pm

_...... _ __ .
I)) £lOO, ..£200:6z £5OO par,
Bank of England. Stock. 4i per Cent
D't opening —
Cana3a 4 per Cent. Bonds —
nter-Colouial Omnnuu
INDIAN d3VERNMENT SECURITIES
indi i Ttock 10} per Cent., April 1874 —
De. Opening, for Account —
I Do. 0 per Cent. July, 1880 .. lll
Do 4 per Cent. Oct. 1888
Do. Enlaced l'apei 4 per C.mt..
Do. 5 per Cert., Jan. 1872 ....,... —
.: 511- per Cent. May 1879 —
3.3 5 per Cent., Rup. DA. 1872.,..
Do do 18/7 —, —
Do. do. 1882 —
V;,. Deb. 5 per Cent., Aug. 1873 .„ —
Do. Bonds, 4 per Cent., £l,OOO
Do. under £l.OOO — pla
FOREIGN FUNDS—CLOSING PRICES.
Argentine Republic, 6 per Cent BB} k