The Sun.
London, England, 1869-01-12 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

The North German Lloyd steamer America from
New York, has brought £9,000 in specio for Paris,
and £l,OOO for Bremen.
There is a quiet demand for money in the open
market this morning, with rates unchanged at
2! 2i per cent. The brokers have reduced their
rates for money on deposit at 14 days' notice, from
2} to 2i per cent.

The stock markets to-day are affected by the
preparations for the settlement, which are in
progress. Foreign securities are firm. Consols
are better. Railways are also firm, without
much change in quotations, except in the case
of London and North Westerns, which have im-
proved.

Consols are 921 4 for money; ditto, for Ac-
Count, 92i ; Three per Cent. Reduced, 931 3 ; New
Tkree per Cents, 931 3 ; ditto 3 per Cent., Jan.
1873, 1031 ; Bank of England Stock, 4 per Cent.,
241 i 3.
India Stock, 101 per Cent., April, 1874, 211 f ;
ditto 5 per Cent., July, 1880, 1121 1 ; ditto 4 per
Cent., Oct., 1888, 10.21 ; ditto Enfaced Paper 51
per Cent., May, 1879, 1101.
Italian Five per Cents. show a recovery of 1 per
cent., at 541 541 ex div. ; New Spanish Three per
Cents. and Turkish Five per Cents. have improved
to 30i 30i ex div. and 401 401 respectively.
Peruvian Five Per Cents. are 1 better, at 76 761,
ex all ; and Greek and Mexican Bonds remain un-
changed at 11.41 12, and 151 151.
The Scrip of the Italian Tobacco Loan is about
1 prem.. and the last Russian Railway Loan 1 1
discount.

The Honduras Loan is 85 87 ex coupon.
Egyptian Seven per Cent. Loan of 1868 is firm
at 741.

The railway market does not as yet show
much change, from the settlement in progress.
A few of the stocks are better; and London
and North I'Vestern have improved 4. The
quotations are :—Caledonian, 774 774 ; Great
Western, 488 s ; Great Eastern, 424 ; Great
Northern, 107 8 ; ditto A, 108 ; Lancashire,
129 ; Metropolitan, 1098 ; ditto Extension,
104 5 ; Midland, 114 4 ; Sheffield, 47 4. ; Brigh-
ton, 494. 50 ; North British, 33 4 ; North Western,
1134 144 ; North Eastern, 102 3 ; South Eastern,
79i 801 ; Chatham and Dover, 17 4.
United States Five-Twenty Bonds have given
Way 4, to 744 75 ; but the Bonds of 1885 and Ten-
Forty Bonds remain at 73,1- 738, and 72, 724 re-
spectively.
Atlantic and Great Western Railway Deben-
tures are steady, at 40k 41, and the Consoli-
dated Mortgage Bonds, at 431 44. Eries have de-
clined 4, to 254 254, and Illinois Central stock is
unaltered, at 96 96f.

Great Indian Peninsular Railway New Four per
Cent. Debenture Stock is 90 91 cx div.
The sum of £106,000 in gold was taken to the
Bank yesterday.

The next French, West India, and Mexican mail
steamer is expected to bring £600,000 in silver,
chiefly on English account.
The directors of the National Discount Company
(Limited) have determined to recommend, at the
general meeting on the 20th inst., a dividend at the
rate of 15 per cent. per annum.
At the meeting of the proprietors of the Union
Bank of Australia, a dividend was declared of 7}
per cent. for the half-year.

There is a rumour' that the prospectus of the
new competing Brighton Railway project is likely
to be issued in the course of the next week or two.

The traffic return of the Great Western Railway
of Canada, for the week ending the Bth inst., shows
an increase of £2,569 over last year.
The transfer books of the International Financial
Society (Limited) are to be closed from the 18th
to the 31st inst.

The Basingstoke Canal, together with all the
property belonging to the company, is advertised to
be sold by tender, pursuant to an order of the Mas-
ter of the Rolls.

The South Eastern Railway traffic return shows
this week an increase of £2,602 over the correspond-
ing week of last year, and the Brighton an increase
of £3,602.

A circular has been addressed by the executors
and trustees of the late Mr. John Humphery,
stating that the business of the wharf will be carried
on by them with the existing staff for the benefit of
his estate, and that ample provision is made by the
will with regard to capital.
The Crown agents for the colonies have announced
the half-yearly interest due on the 15th inst. on the
New Zealand Government 5 per Cent. Debentures
expiring in 1914, and on Vancouver Island 6 per
Cent. Debentures ; also the three months' interest
due on the 15th inst. on the New Zealand 5 per
Cent. Consolidated Loan of 1868.
From St. Salvador the election of Dr. Francisco
Ducnas as President for the coming term is an-
nounced. The indigo crop is now estimated at
nearly the last year's yield-14,000 ceroons. The
price has been a shade higher than last year, and
the quality is inferior. The sugar product of this
Republic will greatly exceed that of any preceding
Year.

From Costa Rica it is stated that on the 9th of
December an attempt was discovered to overthrow
the newly-installed Provisional President, Don
--- 5:—.,...,.,, TJ ti. u I, uat order was soon restored.

The State of California, which ten years ago was
the most dangerous centre of American finance,
continues to maintain the altered character it has
lately gained, and to furnish, in comparison with the
other States, an example of peculiar steadiness. Al-
though the rate of interest is high—ranging between
12 and 15 per cent. on the best securities—it ex-
periences scarcely any fluctuation from month to
Month, and transactions consequently assume a
regularity such as is rarely experienced in the
Eastern cities. The shipments of specie from the
Ist of January, 1868, to the beginning of De-
cember, had been only £6,670,000, against
£7,900,000 in the preceding year, but the diffe-
lone° probably had been more than made up by
an increased exportation of wheat and other
Products. The Customs receipts were £1,640,000
--an increase of 1180,000. The assessed value
of the real estate of San Francisco alone is now
£12,700,000.

Advices from Guatemala state that the House of
Representatives opened its regular Sessions on the
25th of November, on which day the President of
the Republic, Don Vicente Cerna, delivered the
usual address, in which he says that the relations of
the State with the neighbouring Republics of Sal-
vador, Honduras, and Nicaragua are of the most
friendly nature, as also with the United States and
Europe. Peace reigns through the interior. Roads
have been opened and improved throughout the de-
partment, public edifices have been repaired, and
schools have been established as far as the limited
means of the population would admit. Steps have
been taken to favour the production of indigo—
in former times a favourite staple of Guatemala.
A new contract for five years has been entered into
With the Panama Railroad Company for continuing
their line of steamers semi-monthly between
Panama and San Jose at an additional subsidy of
£1,600, the company agreeing to touch at the ports
on the coast of Suchitepequez during the months of
January, February, March, and April, to take off
the crops from that part of the Republic.

BRITISH FUNDS—CLOSING PRICES.
(40TERNMENT FUNDS.,
a per Cent. Consols
Ditto for Account,
per Cent. Reduced 94 3
Ilew 8 per Cent
New 2}
per Cent. Jan. 1894
Annui 5
Dn. per Cent. an. 1873
tie, SO ‘,vrs, expire sth Jan., 1880 —4
Do. for 30 yrs, expire sth April 1885 —
Do (Red Sea Televaph), Aug., 1908 — Exc
inhequer Bills, .£l,OOO, 2 per et — P
Do.
£5OO
Do.
- £lOO & £2OO — Pm
Bank of England Stock, 4 por Cent
O. account .. ~,,,,,,,, !