The Sun.
London, England, 1870-01-08 00:00:00

MONEY
-
MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocx.

The attendance on 'Change to-day being limited
business was not very brisk, but in the few trans-
actions that took place prices showed a firmness
that gave strong evidence that the improvement
that has been noted during the last few days is of a
solid description. The favourable reports from
Paris, coupled with various other circumstances,
cannot but exercise the most beue6cial results, and
it is to be hoped the turning point leading to in-
creased business has been reached. Foreign securi-
ties have in most instances improved, Railway
shams are on the rise ; and in Telegraph shares,
although the business done has been trifling, yes-
terday's prices have been maintained.
The rate of discount in the open to-day was
about 2t.
Conwls are now at 921 to 921 for money;
ditto, for Account, —; Three per Cent. Re-
duced, 921 ; New Three per Cents, 9211 ;
'chequer Bills 2.1,000; March, 5 prcm. ; June,
1 to 6 prem. ; ditto £lOO, £2OO, and £5OO, March,
Par ; June, prem ; Bank of England Stock,
4i per Cent., 237.
India Stock, 101 per Cent., April, 1874, ;
ditto 5 per Cent., July, 1880, 1111 ; ditto 4 per
Cent., Oct., 1888, 1001 1; ditto Enfaced Paper,
51 per Cent., —; ditto Bonds £l,OOO, 25 23
prem.

In the Foreign Market stocks have improved.
Italian, 551 to 554. Brazilian are 891 to 90 ;
Egyptian, 81 to 814 ; Mexican, 13/ to 14 ; and
Peruvian, 811 to 821. All Russian are still in
favour, the 1862 Bonds haysng risen to 86 to 851 ;
Ore], 83 to 83i ; Nicholas, 65+ to 65/ ; Moscow,
81 to 81} ; and Charkof, 81/ to 821. No change
in Turkish Five per Cents., at 46* to 46/ ; ditto
Six per Cents., 66/ to 671 ; and the New Loan,
to prem. Spanish are 26/ to 261 ex div.
In the Railways Market, Metropolitans are /,
Berwick and Great Northern I, and Lancaseire and
Yorkshire, Caledonian, and Midland better, but
Brighton have fallen 1. Prices are now :—Cale-
donian, 751 ; Great Eastern, 38/ ; Great Northern,
111 ; ditto (A), 111 ; Great Western, 59} ; Lan-
cashire and Yorkshire, 128} ; Brighton, 45/ ;
Chatham, 15 ; London and North Western, 124+ ;
London and South Western 93 ; Metropolitan,
811 ; Midland, 124 ; Berwick, 127/ ; and South
Eastern, 781.

Atnerican Five-Twenties are lower, at 86} to
864 ; ditto (1865), 751 to 854 ; ditto (1867), 851
to 851 ex div. ; and Ten-Forty Bonns, 841 to 841.
Erie Shares arc 171 to 171; and Illinois, 102
to 103.

Lombardo-Venetians are 24 to 21i ; GrLat
Luxemburg, 13+ to 13g.

Anglo-American Telegraph Shares are quiet, at
197 to 19i ; French Cable, 18 to 18; ; British
Indian Submarine, 14 to 141 ; China Submarine,
ito prem. ; and Construction and Maintenance,
33. to 34.

In Miscellaneous Securities, Hudson's Bay is
quoted 12 to 121 ex div. ; General Credit, 1 to
dis. ; International Finance, 1a tol dis. ; and
National Discount, 111 to 12.

In Bank Shares London and Westminsters have
improved the price being now 59 to 60 ; Londcn
and County is 49 to 50 ; London Joint Stock,lS2
to 33 ; Union of London, 37k. to 381 ; Imperial
Ottoman, 2i to 21 prem. ex div. ; Consolidated, 41
to 41 ; Chartered Mercantile, 31 to 32 ex div. ; and
Anglo-Australian, 14 to 16 prem.
Messrs. Robertson and Co., shipbuilders of
Greenock, have stopped payment with unsecured
liabilities amounting to about £13,000.

The directors of the London Joint-Stock Bank
have resolved to declare' a dividend and bonus to-
gether at the rate of 15 per cent. per annum for
the half-year ending the 31st December last.
At an extraordinary meeting of the China Sub-
marine Telegraph Company (Limited) the direc-
tors were authorised to increase the capital of the
undertaking by the further issue of £300,000, for
the completion of the line from Hong Kong to
Shanghai.

A petition for the winding up of the Patent
Waterproof Paper Company (Limited) is to be
heard before Vice-Chancellor Malins on the 14th
instant.

There were no gold oFerations at the Bank
yesterday.

The Tanjore, from Alexandria, has brought
£428,500, which, in the present state of the ex-
changes, is expected to be taken for France.
On the Bth ult. the Chontales (Nicaragua) Gold
Company received a telegram evidently erroneous or
fraudulent, purporting to come from their agents
at Colon, via Norfolk, Virginia, to the effect that
their manager had " got an enormous quantity
of nuggets of gold—total weight nearly 100 tons
secured."

The convention for the Treaty of Commerce
between England and Austria was finally con-
cluded and signed by Lord Bloomfield and Baron
Beust at the close of the year. The modifica-
tions suggested by the Reichsrath have been
adopted, and the Treaty is now law in Hungary as
well as Austria.

It is understood, says the Neite Freie Presse, " in
interested circles, that the successful management
of the Anglo-Austrian Bank during 180 will in-
sure a dividend of 50 &Nits in silver to the pro-
prietors. This is, without doubt, very handsome,
but still it scarcely explains the extraordinary rise
in the price of the shares of the bank, which in all
Probability may be attributed to the Turkish rail-
Way scheme shortly to be brought out."
The directors of the Union Bank of Australia
have resolved upon a dividend of £1 17s. 16d. per
share, being 7- per cent. for the half-year, the
'lame as at the corresponding period of 1869.
ho colonial produce markets this week, since
the resumption of general business on Tuesday,
have been steady and rather quiet. Few public
sales have been held ; but next week increased
Supplies will be offered. Meanwhilejprices remain
nearly the same as before the Christmas holidays.

BRITISH FUNDS—CLOSING PRIC ES
VIOVERNMENT FUNDS.;
3 per Cent. Consols
8 1)44 for Account 92f
per Cent.. Reduced
42
Now 2}
w 3 per Cent
92f Ji
/701 per Cont. Jan. 1894
4. • per Con J 9.n.1873
riities, SO yrs, expire sth J au., 1880.
/)°. for 30 yrs, expire sth April 1885 —
itz°,, (lted Sea Teleh,raph), Aug., 1908_
-"°9.11:r Bills, £l,OOO, 21 p. Ut. March par
Do Da. 3 410. June pm
£lOO, £2OOl SE £5OO 4 pm
Batik of England Stock, 41 por Cent
De. opening
Canada 4 per Cent. Bonds —
uter-Colonial Ommunt
INDIAN GOVERNMENT SECUItITIEb
India Mock, 105 per Cent., April 1874 2oBk 71
D. Opening, for Accout —
D 4. n per Cent. July, 1880 Do 4 per Cent. Oct. 1888
Do. Eufaced Pape. 4 por Cent
Do. 5 per Cert., Jan. 1872 ,
..
...,.
Do. 51- per Crit. May 1879
Da 5 per Cont., Exp. Doi:. 1872.,
Do do 18",
Do. do. 1882 ....
Do. Deb., 5 per Cent., Aug. 11173
___
Do Bonds, 4 por Cent., £l,OOO ....... r
Do. under £l.OOO —

FOREIGN FUNDS—CLOSING PRICES.
irgentino Republic, 6 per Cant ...••
_
-}
88,-; Do. Account
Auitrian Bonds 5 per cent
Do. 1859 _
Britilian 5 per Cent. —
00. 41 per Cent. 18.%9 —
Do. do 1858 58.... .............
Do. no 1560
1)o. do., 1863 —
Do. 5 per Cont., 1865
t)''• Account
13 .CDOS Ayres 6 per Cont.
D.. 2 per Cent. (Deferred 3 por 1 e it — '7.
Cuba, 6 per Cent.
c3allian 6 per Cent :
no. 44- per Cent..., ...
De. 3 per Cont.,
no. 7 par Cont., 1866
J. 6 per co,t. 1867 97-,13
C 1 lo 'dean, 6 poi Cont.
Danish, 3 p.-e• Cent., 1825
Dan"l'lan Principalities, 7 ler Cent 891; 90
)o. Account
_Do 8 per Cent., 1867 93
condor New Consolidated, 1 per Cent
1-::,:nlian, 7 par Cent... .... 871
l'o Second Issue —
Do..toUt Bonds —