The Sun.
London, England, 1869-12-10 00:00:00

MONEY MARKET

AND
CO3IMERCIAL INTELLIGENCE.

CITY, Two o'CLocz.

There was an improved tone prevalent on the
Stock Exchange to-day, and prices generally may
be reported firm though not higher. The arrange-
ment of the Turkish matter has led to an improve-
ment in that particular stock, but in Railway shares
the quotations were not so good as yesterday. The
demand for discount was not very great, 2f being
the price for bills at three months.
Consols are now at 928 Ito 92 for money;
ditto, for Ac punt, 92/ ; Three per Cent. Re-
duced, 92 ; New Tkree per Cents, 92 f
Exchequer Bills £l,OOO, March, 5 prem. ; June
2 7 prem. ; ditto £lOO, £2OO, and £5OO, March,
prem. ; June, prem. ; Bank of England Stock,
41 per Cent., 238 9.
India Stock, 101 per Cent., April, 1874, shut ;
ditto 5 per Cent., July, 1880, 1111 ; ditto 4
per Cent., Oct., 1888, 1001 4 ; ditto Enlaced Paper,
4 per Cent., ; ditto Bonds £l,OOO, prem. ;
ditto Bonds under £l,OOO, 25 prem.
In the Foreign Market there has been an im-
provement in Turkish and Egyptian Stocks, the
Five per Cents. have advanced to 441 to 441, and
Egyptian 1868 Loan is now 78f to 78q, a rise of 1 ;
Italian are steady at 54f to 541; Spanish, 27f to
271 ; Mexican, 131 to 131 ; Peruvian, 834 to 811 ;
and Argentine, 851 to 86.
In the Railway Market Shares is heavy. Great
Northern is now 1061 to 1071 ; South. Eastern,
761 to 76k ; Metropolitan, 831 to 84 ; Brighton,
47 to 471 ; London and North Western and Great
Northern (A), 122 to 1221, and 108 to 109 ;
Midland, 119} to 120 ; Great Western, 551- to
561 ; Great Eastern, 371 to 371 ; Caledonian,
781 to 791 ; London, Chatham, and Dover, 15 to
151 ; Lancashire and Yorkshire, 126} to 127 ; and
North Eastern (Berwick), 120 to 1201.
American Five-Twenty Bonds are dealt in at 854
to 86, being a recovery of 1. Eries are 20 to 201,
and Illinois 99f to 100.
Telegraph Construction and Maintenance are now
34 ; French Cable, 154 to 151 ; and Anglo-Ameri-
can, 191 to 191.
At Mark-lane this morning the attendance was
very moderate and the trade opened dull. The
supply of English wheat was moderate, but the de-
mand very slow, and prices remained without quot-
able change. Foreign wheat hangs heavily on hand
and business quite of a retail character, leaving
quotations nomiaally unchanged. Flour a dull sale
at late rates.

In Bank Shares Agra are quoted at 101 to 11 ;
London and County, 461 to 47i ; Imperial Otto-
man, 2i to 24 prem. ; Alliance, 121 to 131 ; An-
glo-Austrian, 10 to 12 ; Chartered Mercantile, 31
to 32 ; Consolidated, 4} to 4; ; London and West-
minster, 581 to 591 ; Oriental, 41 to 42 ; London
Joint-stock, 31 to 32 ; and Union of London, 37
to 38.

A further sum of £56,000 in gold was sent
to the Bank yesterday.
The Pera has brought, i❑ addition to the £539,333
already referred to, the sum of £25,000 recovered
from the wreck of the Carnatic. The total supply
of Australian gold in the market this week there-
fore amounted to about £564,333.

The report of the African Steamship Company
for the six months ending the 31st October last,
states that there is a balance of £6,299 10s. 10d. at
the credit of the revenue account, out of which the
usual dividend of Bs. per share is recommended,
leaving a balance of £1,614 Bs. ld. to be carried
forward.

A circular has been issued announcing the failure
of Messrs. W. and G. Needham and Co., Ware-
housemen, 30, St. Paul's-churchyard. The liabili-
ties are estimated at £25,000. The books have been
placed in the hands of Messrs. Lovering and Min-
ton, accountants.
The Manchester courier thus alludes to a small
failure in Manchester :—" The failure was reported
yesterday of Messrs. Rawstron and Phillips,
Spring-garden., a small home-trade house. A meet-
ing of creditors was held this afternoon, at the
offices of Mr. Evans, solicitor, Albert-square. The
liabilities proved to be £1,083 16s. Id., And the
assets £312 18s. Rd. ; deficiency, £770 17s. sd.
An offer was made of 7s. 6d. iu the pound, ss. to
be paid down. The offer was not accepted, and
the meeting was adjourned."
In Mincing-lane a steady tone has prevailed,
although transactions in most articles have been
of very moderate extent. The cotton market has
been decidedly steadier.
It is now stated that the Government have
arranged to take over the telegraph system on the
31st of January, and that the payment of the
£5,715,048 compensation money to the companies
will be made some time between the 28th of Janu-
ary and the sth of February.
The Levant Herald of the 30th ult. contains the
official notification of the Sinking Fund for the
Consolidated Turkish Five per Cents. having been
applied as mentioned on the 7th inst., by the burn-
ing of the selected number of bonds.
The directors of the Italian Irrigation (Canal
Cavour) Company are now issuing official notices
with regard to the drawings, and the English direc-
tors have also received information that satisfac-
tory arrangements are in progress for the prompt
payment of the coupons due on the Ist of January
next.

The announcement of the acceptance by the
Khedive, in every respect, of the terms imposed by
the Sultan, and his proposed visit to Constantinople
to show his allegiance, has been received with great
satisfaction, and tended to mitigate the distrust
occasioned by the attempted floating of fresh '1 rea-
Bury Bonds in Paris. It is stated that the divi-
dends for the various securities are provided, and
that they will come forward in regular course.
Large investments have been made in Indian
securities in connection with the Commissioners for
Greenwich Hospital, &c.

A report is in circulation that the new Turkish
Loan will be introduced next week.
The French steamer Lafayette is announced to
have arrived at Brest with specie to the value of
£17,200.
The return from the Bank of England for the
week ended the Bth of Dec. gives the following
results when compared with the previous week :
Rest
Pullin deposits
Other deposits 17,600,162 ..; Decrease ... 56,795
On the other side of the account :

Government securi-
ties £13,811,953 ... No change.
Other securities 16,397,604 ... Increase 227,137
Notes unemployed 9,910,680 Increase ... 593,225
The amount of notes in circulation is £22,872,810
being a decrease of £362,400 ; and the stock of
bullion in both departments is £18,767,610, showing
an increase of £239,279 when compared with the
preceding return.
Subjoined is a comparison of the present position
of the Bank of England and the prices of Consols
and French Rentes with the corresponding week
last year :

At Present. Same Week
last Year.
Bullion
Reserve
Notes in circulation 22,872,810 ... 23,200,140
Rate of discount
Consols
French _Routes

The following is the official return of the cheques
and bills cleared in the Bankers' Clearing-house for
the week ending Wednesday, Dec. 8 :
Thursday £11,382,000
Friday
Saturday... .
hlouday 12,959,000
Tuesday

Weduealay 8,740,000

62,314,000

FIjNBIS—T O'CLOCK.
GOVERNMENT FUNDS.
per Cent. Consols
Ditto for Account, Jan. 6 92i
3 per Cont. Reduced 92
New 3 per Cent
N cw 21 per Cent. Jan. 1894
Do. 5 per Cen ,au. 1873
elunuities, SO yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 —
Do (Red Sea Televaph), Aug., 1908 —
Exchequer Dille, 41,0QQ, 21p. ct.biarcis pus