The Sun.
London, England, 1869-01-18 00:00:00

MONEY 4 MARKET

AND
COMINIERCIAL INTELLIGENCE,

CrrY, Two O'CLOCK.

Business was very inactive to-day, and prices for
nearly all Government securities gave way slightly.
However there was a trifling improvement in the
Railway Market. The rate of discount is about 2/
per cent.

Console are 921 11 3 for money ; ditto, for Ac-
count, ; Three per Cent. Reduced, 93 ;
New Tree per Cents, 93 ; Bank of England
Stock, 4 per Cent., 241 4.
India Stock, 101 per Cent., April, 1874, —;
ditto 5 per Cent., July, 1880, 1121; ditto 4 per
Cent., Oct., 1888, 1021 ; ditto Enfaccd Paper 51
per Cent., May, 1879, 109 ; ditto Debentures, 3
per Cent., Aug., 1873, 1044.
In the Foreign Market there is a decline of in
Italian Five per Cents., at 53,i 531 cx div. ; and
Turkish Five per Cents. are 3-16 lower, at 381
381 ex div. New Spanish Three per Cents. on
the other hand have risen nearly -I, to 301 301
ex div. Mexican Bonds remain at 154 151 ;
Greek at 111 12 ; Peruvian Five per Cents. at
76177.

The Egyptian Seven per Cent. Lean of 1868 is
704 714 ex div. ; the Honduras Loan 85 87 ex
coupon ; Italian Scrip 1 11 prem. ; and the last
Russian Railway Loan at 1 dis., par.
In the railway market Caledonians are 47 Great
Western 1, Great Northern A I, Midland h,
Sheffield and North Western I better. North
Eastern are h lower, and Great Eastern h. The
quotations are :—Caledonian, ; Great
l'Vestern, 49 ; Great Eastern, 44 42 ; Great
Northern, 107 8 ; ditto A, 108 9 ; Lancashire
1292 30 ; Metropolitan, 1081 4 ; Midland, 1141
15 ; Sheffield, 47 1 ; Brighton, 51:1 to 2 ; North
British, 331 4 ; North Western, 115 1 ; North
Eastern, 1031 4 ; South Eastern, 791 80 ; Chatham
and Dover, 161 178.
Great India Peninsular Railway NeM Four per
Cent. Debenture Slock is 90 91 ex div.
American Five-Twenty Bonds are unaltered at
74 to 758 ; the Bonds of 1885 have improved h,
to 731 734 ; and the Ten-Forty Bonds are firmer
at 72 721.
Atlantic and Great Western Railway Debentures
are 40-4-3 411, and the Consolidated Mortgage
Bonds, 411 46. Eries remain at 264 264.
In Banking and Miscellaneous shares prices are
as last quoted.
The sum of £20,000 in gold was withdrawn from
the Bank on Saturday.
Three gold ships from Australia have arrived.
The Macduff has brought £47,500 ; the Kosciusko,
£46,000; and the Lanarkshire, £17,500. The
Bremen, from New Orleans, has also brought
47,000.

The steamer Ceylon took out £99,000 in specie
for Bombay, of which £Bl,OOO is silver and £lB,OOO
gold. The Tasmanian, for the West Indies, has
taken £5,898'
general meeting of the City of London Gas
eftpany is called for the 3d February, when a
dividend for the half year is to be declared.
The Upper Assam Tea Company have issued
Proposals for a loan of £50,000. Mortgage Deben-
tures in 1,000 bonds of £5O each, for five years,
bearing interest at 6 per cent., payable quarterly,
by coupons attached, redeemable by half-yearly
drawings at 10 per cent. premium. The security
offered is the estates of the company in India and
the stock of tea here.

At the half-yearly meeting of the West of Eng-
land and South Wales Bank, hell at Bristol, a
dividend at the rate of 8 per cent. was declared,
free of income tax, as on the previous occasion.
With regard to the arrangements between the
Erie and the Atlantic and Great Western Railways,
a full and complete statement is, according to the
-Railway News, to be issued in a few days by the
London Board of Directors, who will, at the same
time, " make some proposals, the effect of which
will tend greatly to simplify the proposals submitted
to the company a short time since, and accepted by
the bond and debenture holders, with respect to the
resumption of payments on the securities of the
company." It is also intimated that a deputation
from the directors of the Erie Company will shortly
arrive in Loudon, and that a complete explanation
will then be made regarding the position of that
Undertaking, showing that the recent issue of shares
Were not in excess of the legal powers. In relation
to the fact which has been noticed that the copy of
the lease executed between the Erie and the At-
lantic and great Westt ra Companies does not cou-
tamn any stipulation as to the minimum rental of
1-,800000 to be paid by the Erie, it is mentioned
that these and a variety of other stipulations are
enlhodiecl in a supplementary lease, which will be
published in the report of the London Board of
Directors now in course of preparat ion.
At the Rolls' Chambers on Saturday, in the New
Cooper,
Banking Corporation case, Mr. James
`-'°oper, the official liquidator, supported a novel
Proposition to pay the creditors in full, and thereby
bPut an end to a long and expensive litigation. Mr.
aA. liankey, who had been connected with the
nk, had made a proposal to guarantee the credi-
b rs6s. Bd. in the pound, which, with 7s. 4d. paid
the official liquidator, would leave 6s. to be paid,
and Alr. Cooper was willing to give promissory
3,l,ntes at 6, 12 and 18 mouths to pay the creditors
o balance out of the funds to be realised. The
e`n.°lll'se proposed would prevent considerable litiga-
tl°ll) and a number of the creditors assented. The
Chief Clerk (Mr. Hawkins) approved the scheme,
(I would submit it to the Master of the Rolls for
'la sanction on Wednesday next.
Letters from Athens, dated the 7th of January,
state that the Royal ordinance authorising the Ali-
later of Finance to issue 15 million drachmas with
a
The
circulation has been promulgated.
441 e notes are to be of 1,000, 100, 50, 20, and 10
drachmas, The National Bank, in alarm at the
senta of this ordinance and of the run for specie
'tell the Cabinet of M. Bulgares is suspected of
Ztigating, have offered to lend the Government
41' million in specie and six millions in their own
:Pert at 6 per cent. interest, on condition that
nal)ulsory circulation be given to 30 millions of their
_iea--that is, to 20 millions now in circulation
44°t`L 10 millions more to be advanced to Govern-
°lir advices from Frankfort state that Austrian
aPeetrlative stocks experienced last week an average
oehtte of about 3 per cent. On the other hand,
b
liperhessian Railway shares, guaranteed by the
04;1181.4n Government, with 3i per cent., have re-
-441-,eted 4 per cent., being now quoted 68i to 69,
at `` 48 the 3f per cent. bonds of the same State are
rair, they are yet comparatively cheap. Austrian
,w, ay Preference shares are in good demand, while
anan descriptions have been flat.

XRITISII FUNDS—TWO O'CLOCK.
UOTERNmENT FuNns.,
92i 1 3
a Per Cent. Consols
„ Ditto for A.ccount,
93 1
Z,per Cont. Reduced
93 f
jille''' 3 per Cent
eit2,l- per Cent. Jan. 1894
4 . Per Cent. Jaa a . 187 3
tiOnities, SO Yrs, expire sth Jan., 1880 —
Dolo. for 30 yr ,s expire sth April 1885 —
0
(lied Sea Teleraph), Aug., 1908 —
___
ttoquer Bills, £I,OOU, 2 par tit
0,
pm
Do. £5OO
ti
£lOO SL £2OO
241 2 pm
~k_ of Engl an d Stock, 4 per Cent
r, 00. account
,aulta
i.a 4 er Cent Bonds
titer-Colonial 0 Intuit
36.01NntAN UOTEnaRNMENT BECURITIEb
.6la tock, 10f per Cont., April 1874 —°' °Ponin f A ount
11,... , g, or ec
112}
u° a per cent. July, 1880 1-,°' 4 Pez Cent 888
~,e. Certiti ' " Oct."
, ~, _ caLes
i-o. l', nfaced Pape' 4 per (I,tut — 1-1%. 5, Per Cent., Jan. 167 2
D ' '1 Per 0:.,:lt. May 1679 1• 92-
3 5 per Cont., Rup, Deb. 187'
DO,
do. 1877 —
.r., DO.
do. 1882 —o4%).
Bondsfleb 5 per Cent., Aug. 1873 ~ lo3i
1, .
)o. iltuler £l.OOO
PORMIGN FUNDS—TWO O'CLOCK.
.41rtleolltis..ltepub. lie, E; por Cent
Au t.? Lil) 443 paid .. .....
1 ruto Bonds 5 per cent
,Briziiiit I)0. 1859
4 Per CeAt