The Sun.
London, England, 1869-01-11 00:00:00

MONEY MARKET

AND
CO ER CIAL INTELLIGENCE.

CITY, Two o'CLocic.

Business to-day partook of the usual dullness,
which has now existed for some time. Consols
maintained their price, but Foreign Securities gave
way slightly. There was a trifling improvement in
the Railway Market, but it extended to only one
or two of the principal lines. The rate for money
is about 2i.
Consols are 92f a for money ; ditto, for Ac-
count, 92f ; Three per Cent. Reduced, 93 ; New
Tkree per Cents, 93 ; Exchequer Bills £l,OOO,
2f per Cent., 3.
India Stock, 104 per Cent., April, 1874, 213 ;
ditto 5 per Cent., July, 1880, 1121 ; ditto De-
bentures, 5 per Cent., Aug.,1873, 1041 ; ditto Bonds
£l,OOO, 18 prem.
In the Foreign Market stocks are flat, and a
decline of in Mexican Bonds, 3-16 in Italian
Five per Cents., and in Spanish Three per Cents.
has taken place. The quotations are :--Italian,
551 55j- ex div. ; New Spanish, 30 30k ex div. ;
Mexican, 15 151 ; Greek, 11i 12 ; Peruvian Five
Per Cents., 732 761 ; Italian Scrip is about 1
prem., and the last Russian Railway Loan If, 1
dis.

Egyptian Seven per Cent. Loan of 1868 is 73i
74k, and the Honduras Loan is steady at 85 86
ex coupon.

American Five-Twenty Bonds have improved 3,
to 75 753 ; the Bonds of 1885 are firm, at 733 733,
and the Ten-Forty Bonds remain at 714 723.
In the railway market Metropolitan are 1
better. Caledonian have improved 8 ; Great
Western 3, Midland 1, Sheffield 3, Brighton 3,
North Western 3, North Eastern 3, and
South Eastern 3. The quotations are :
Caledonian, 763, 73 ; Great Western, 47;3, 81 ;
Great Eastern, 413 8 ; Great Northern, 107 3 ;
ditto A, 1073 8; Lancashire, 1283 9 ; Metropoli-
tan, 109 8 ; ditto Extension, 104 5 ; Midland, 1133
144 ; Sheffield, 474 3 ; Brighton, 493 494 ; North
British, 33 4 ; North Western, 1123 131 ; North
Eastern, 101 2 ; South Eastern, 793 8U ; Chatham
and Dover, 17 1.
Atlantic and Great Western Railway Deben-
tures are 403 411, and the Consolidated Mortgage
Bonds 433 44. Eries have given way 3, to 253
264, and Illinois Central stock is unchanged, at
96 963.

Great Indian Peninsular Railway New Four per
Cent. Debenture Stock is 94 95.
Anglo-American Telegraph shares are 214 the
Eight per Cent. Preference 3 13-16 3 15-16, and
the Original stock 31 32.
In Banking and Miscellaneous Shares there is
nothing doing.
There were no gold operations at the Bank on
Saturday.

The settlement in shares and foreign stocks will
begin on Tuesday (" continuation day") and end
on Thursday.
A telegram from Calcutta on the 7th inst. an-
nounces that the Bank of Bengal (Government) has
declared a dividend for the half-year ended the 31st
of December last at the rate of 8 per cent. per
annum.

The Imperial Ottoman Bank have notified the
Payment of the coupons of the Egyptian Govern-
ment Seven per Cent. Loan, 1868, due the 15th
instant.

The Suez Canal will be completed and open to
the general navigation of all countries on the Ist of
October this year. The width will then be 100
Metres (328 English feet) at the water line, and 22
metres (74 English feet) at the bottom of canal,
with a depth of 8 metres (26 feet English).

A conditional contract has been entered into by
Well-known firnis in Paris and London to make an
advance to the Spanish Government, on account of
• the balance of the Moorish indemnity (about a
million and a quarter sterling) still due.
A general meeting of the National Discount
Company (Limited), is convened for the 20th inst.,
to receive the directors' report and declare a
dividend.

An extraordinary general meeting of the Brighton
Hotel Company (Limited) is called for the 21st
inst., at the Guildhall Coffeehouse.

Creditors of the China Merchant Insurance Coin-
'Any and the Bombay Mody Insurance Company
are required to send in their claims to the agents
in Loudon before the 31st March next.

At a meeting of the creditors of Mr. John Ing-
ham, manufacturer, of Blackburn, the liabilities
were estimated at £lO,OOO, and it was resolved to
accept an assignment of the estate.
bilessrs. F. B. Smart and W. E. Williams, Jun.,
the liquidators of the London and Northern In-
surance Corporation (Limited), have appointed the
14th inst. to settle the list of contributories.
It is understood that the history of the extraor-
dleaTy frauds lately discovered at the Custom-
house of Rio de Janeiro is not likely to be made
Public. Severe measures have been adopted to
prevent similar practices for the future, but the
parties implicated, both at Rio and on this side,
Possessed, it is said, sufficient influence to avert
more disagreeable consequences. The results of
the discovery have already proved highly beneficial
to honest houses engaged in the shipping trade to
Brazil.
Advices from Labuan give at length satisfactory
Prospects of the working of the coal mines at that
14, laud. After the break up of the China Steam and.
Labuan Coal Company the property was bought for
Small sum by a few men of business in Scotland
and Placed under an experienced manager, every
Precaution being taken for the exercise of rigid
economy. The result appears to be that there is
aiready a steady outturn of coal, and that atten-
ti°n is being paid at Singapore and elsewhere to
its valuable peculiarities for steam and gas pur-
Poses. At the same time the working even on its
Present scale has been brought to yield a surplus
over expenses. The latest accounts confirm the
impression that the quantity available is practically
inexhaustible.
According to the Railway News another import-
ant step has been effected by the Erie and Atlantic
and Great Western Railways, with a view of se-
curing for themselves the traffic of the West and
mouth-Western States. This engagement is de-
scribed as the natural complement of the lease
by
the Erie of the Atlantic and Great Western,
which gives an uubroken gauge from New York to
Cincinnati ou the Ohio, Cleveland, and Lake Erie,
and to the great oil and coal districts of Pennsyl-
crania. Within the next six months the work will
be completed of connecting the Atlantic and Pacific
coasts by railway, and with a view to this an
agreement has now been made which gives to
the_ Erie and its ally direct communication with
Chicago and the Mississippi, and extends the
existing continuation for about 600 miles beyond
the terminus of the Atlantic and Great Western,
thus giving to the Erie, under one uniform work-
ing, a complete system of over 2,000 lines. The
toe now secured is the Columbus, Chicago, and
Indiana, formerly known as the Chicago and
Great Eastern, and the Columbus and Indiana
Central.

BRITISH FUNDS—CLOSING PRICES.
-
. UOVERNMENT FUNDS.,
4 Per Cent. Consols
2i
Ditto for Account,
2 per Cent. Reduced
N°`"* N°`"3 per Cent
Mew 24 per Cent. Jan. 1894
1)0. 5 per C ,
ent. dan.1873
A.unuities SO expire sth J an., 1880 -3
Do. for 30 yryrs,s axpire sth April 1885 —
Do (Rod Soa Tele„,ritpli), Ag., 1908 —
Exchequer Bills, £lt,ooo, 2 peru Ct 3
Do.
.£5OO
Do.
£lOO & £2OO —lt tuk of England Stock, 4 per Ceut
00. account
Canada 4 per Cent. Bonds — Inter-Colonial °minium
India ViNT,IAN iItrVEItNIAENT SEUUktilik., tock, 101 per Cent., April 17-i 213
Do. Opening, for Account _
D 0.5 per Cent—July, 1880
I per. Cent., Oct. 1888
Do. Certificates
Do. refaced Pape' 4 per Cent
Do. 5 per Cent., Jan. 1872 _
Do. 5 Per Glint. May 1879
DJ siper Cent., Rup. Deb. 1872 — Do.
do. 1877 — DO,
do. 1882 _
Dii. Deb., 6 per Out., Aug. 1873 ~,,,, 1044

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