The Sun.
London, England, 1869-01-26 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocz.

WQ have a dull market to-day, but prices are
maintained for all descriptions of securities. The
demand for money is steady, at 21 to g,

Consols are 931 4 for money ; ditto, for Ac-
count, 931 g ; Three per Cent. Reduced, 931 1 ;
New Tkree per Cents, 931 ; Bank of England
Stock, 4 per Cent. 2421.
India Stock, 101 per Cent., April, 1874, 2111 ;
ditto 5 per Cent., July, 1880, 1124 4-; ditto 4 per
Cent., Oct , 1888, 1021 ; ditto Eufaced Paper, 5
per Cent., Jan., 1872, 1051,
In the Foreign Market business has been so in-
active that we have no alt3ratioa in any of the
Continental securities to quote, and prices remain
as follows :—Spanish, 32 to 33 ex div. ; ditto,
1867, 31 to 311; ditto Deferred, 301 to 311 ;
Swedish, 1868, 931 to 931 ex div. ; Turkish, 1854,
82 to 84; ditto, 1858, 63 to 64 ; ditto, 1862,
62 to 63 ; ditto, 1863, 58 to 60 ex div. ; ditto 5
per cent., 38 to 381 ex div. ; ditto 1865, 60 to 61 ;
ditto 4 per cent., 103 to 105 ; Venezuela 3 per
Cent., 12 to 13 ; ditto 1862 and 1864, 23 to 25 ;
ditto 11 per cent., 6 to 7 ; Austrian, 50 to 52 ;
Dutch, 561 to 571 ex div. ; ditto Certificates, 811
to 891 ex div. ; Italian, 1861, 534 to 534 ex div.
Egyptian 7 per Cent. Loan of 1868 is 72 721
ex div., and the Honduras Loan is 86 88 ex
coupon.
In the railway market the quotations are as fol-
low :—Caledonian, 781 1 ; Great Western, 50f
41, ; Great Western, 411 s ; Great Northern,
1071 81 ; ditto A, 1081 91; Lancashtre, 1291 30 ;
Metropolitan, 109 1; Midland, 115 1 ; Sheffield,
471 81 ; Brighton, 511 21 ; North British, 34/ 5 ;
North Western, 1151 164; North Eastern (Ber-
wick), 103144-- ; South Eastern, 81; 2 ; Chatham
and Dover, 171 1.
American Five-Twenty Bonds are now 751 to
751. The Bonds of 1885 remain at 73;4-' 74, and
Ten-Forties at 721 721.
Atlantic and Great Western Railway Deben-
tures have receded to 431 451; and Eries remain
at 25i 261.

Great Indian Peninsula Railway New Four per
Cent. Debenture Stock is 90 91 ex div.
In Banking and Miscellaneous Shares prices re-
main stationary.

There were no gold operations at the Bank yes-
terday.

The Liverpool and River Plate steamer Halley,
from Buenos Ayres, has arrived with £2,120 ; the
Etna, from Halifax, with £2,000; and the Her-
mann, from New York, with £BOO for London,
£35,000 for Paris, and £2OO for Bremen.
The shipments of specie from New York, for
Europe, on Saturday amounted to £200,000. The
export of gold from Melbourne, for England, during
the past month represents £350,500.

The latest telegram from Bombay quotes ex-
change upon London for bankers' drafts at 2.i.. This
advance is attributed to the recent improvement in
cotton at Liverpool. _ _

The committee appointed in November last at a
public meeting in relation to the proposed forma-
tion of a council of foreign bondholders have pub-
lished a report showing the objects contemplated,
and the rules and regulations to be recommended
at a meeting called for on the 2d of February, at
which Mr. E. W. Crawford, M.P., will preside.
The movement thus far has been regarded with
general approval, and may be made to confer equal
benefit on the holders of bonds and on the nations
that are their debtors. To honest States it will be
of especial advantage, since they must be gainers
by every plan that tends to keep the dishonest out
of the market.

The London directors of the Italian Irrigation
Company (Cavour Canal) have announced that
the necessary funds have been remitted to them to
enable them to pay the coupons of the bonds due on
the Ist inst. ; but that the other coupons now in
arrear will have to be capitalised in terms of the
Concordat whereby the concern has been taken out
°f bankruptcy. _ .

The second ordinary general meeting of the
lado-European Telegraph Company (Limited) is
Convened for Feb. 23.

The half-yearly meeting of the North Stafford-
hire Railway Company is convened for Feb. 12, at
the City Terminus Hotel.
Vice-Chancellor Mains has appointed Mr. W.
J. White, of King-street, interim official liquidator
(in conjunction with Mr. C. Greenwood) of the
Hercules Fire, Life, and Marine Insurance Com-
pany (Limited).
Vice-Chancellor James has appointed Mr. James
hole, of Gresham-street, to be official liquidator
of the Jamaica Commercial Agency Company
(Limited). .
A circular from the Chontales (Nicaragua) Gold
Aliniag Company shows that, according to a report
of Mr. Belt, £lO,OOO will yet be required to com-
plete the explorations in progress and bring the
mines into full working order. _ .

The report of the General Credit and Discount
Company (Limited), to be presented on the sth of
February, recommends a dividend for the half-year
at the rate of five per cent. per annum. The
accounts exhibit a considerable progress in the com-
pany's business and position, the deposits, loans,
&c., being £2,491,551, against £763,097 at the
same time last year. The claims against the Lon-
don, Chatham, and Dover, and the South-Eastern
of Portugal Railways are alluded to. As respects
the former, it is stated that an answer was filed by
the Chatham Company on the 7th instant, but
that it is not of a nature to change the opinion
which the directors of the General Credit Company
have always expressed as to the justice of their
claim. Nothing practical has yet been concluded
with reference to the claim which the South-Eastern
Railway of Portugal has on the Portuguese Govern-
raent.

The traffic of the South-Eastern Railway stands
at an increase of £1,512.

The traffic return of the Great Western of Ca-
nada shows an increase of £3,589.

No change has yet taken place in the hop trade.
English hops of fine quality are getting scarce, and
such bring former rates ; other descriptions are ne-
glected. The importation of foreign hops has;be-
come more steady ; the receipts from various ports
last week amounted to 1,645 bales against 1,704
bales the previous week. Fine parcels only find
Purchasers. Malt dull, at drooping prices.

BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT FUNDS.
° per Cent. Consols
Ditto for Account,
1 por Cent. Reduced 9344
per Cent
Aew Si per Cent. Jan. 1894
Do. per Oen t J 9.11.187 3
Annuities, 50 yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885.,, •
... Do (Red Sea TeletAraph), Aug., 1908,,, _
j44ehequer Bills, £l,OOO, qlpor Ct.
Do, £5OO
Do. £lOO k £2OO
-Rank of England Stock, 4par Cent
Do. account —
,
`', anatla 4 per Cent. Bonds —
44ter-Colonial Uranium
~. INDIAN jOVERNAIENT SECURITIES
India Lock, 104 per Cent., April 11.874 2114
Do. Opening, for Account .................. --
Po. 5 per Cent. July, 1880 ............... 112 i 4
Do. 4 per Cent., Oct. 1885 ............... 1021
Do. Certificates
Do. Enfaced rapei 4 per CAut ............
Do. 5 per Cent., Jau. 187/ . .............. 105;
Do, 5,1- per Cs-It. May 1.879 ...............
Da 5 per Ceut., Rup. Deb. 1872.........
Do. do. 1877........ --
, Do. do. 1882.........
"-. Deb., 5 per Cent., Aug. 1873 ......
Do. Bonds, 4 per Cent., £l,OOO ......... 20 pm
1)0. under £1,030
FOREIGN FUNDS—CLOSING PRICES.
r,entino Republic, F per Cent ...... 754 31
,
A Dc., Scrip £45 paid
A uitrian Bonds 5 per cent
Do. 1859 —
,than 5 per Cent
0 ~.‘p
0. I 4 er Cent., 1852 —
uo, do.
18.)8 —
V°. do, till;t _
D,,. doIBV-i
1)0. 5 per .(2ent., 1805
13 D 0 Account
.enos Ayres 6 per Cent.
pl.", 0 2 per Cent. (Deferred 3 per Cent )
0:4 )0., 6 per Cent.
Man 6 per Cent —
130. 41 per Cent
934

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