The Sun.
London, England, 1869-12-08 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocx.

.Business to-day on the Steck Exchange was by I
no means brisk, but prices of Consols remained
firm, and if anything were the turn higher. Ame-
rican stocks have been again depressed. In the
Foreign market Italian was receding, but otherwise
prices remain steady. Telegraph shares are not in
such active demand as yesterday.
Consols are now at 92f to 921 for money ;
ditto, for Ac •ount, 921 ; Three per Cent. Re-
duced, 92 ; New tee per Cents, 92 ;
Exchequer Bills £l,OOO, March, 5 prem. ; June,
2 7 prem. ; ditto £lOO, £2OO, and £5OO, March,
5 prem. ; June, 4 prcm. ; Bank of England Stock,
41 per Cent., 238 41.
Canadian 4 per Cent. Bonds, 1903, 104.
India Stock, 10} per Cent., April, 1874, ;
ditto 5 per Cent., July, 1880, 1121 ; ditto 4
per Cent., Oct., 1888, 100 j ; ditto Enfaced Paper,
4 per Cent., 92g.
The Bucharest Railway Loan is in request at to
premium.
American Five-Twenty Bonds are now quoted
at 85}, a decline of since last night. Erie Shares
are 1 lower at 20 to 20i ; and Illinois are quiet 94
to 100.

Telegraph Construction and Maintenance are
now quoted at 931 to 931 ; Anglo-American, 191
to 191 ; and French Cable, at 15/ to 151.
In the Foreign Market business has become dull.
Italian are 54, being a decline of 1. Turkish (1865)
are 441 to 441. Egyptian (1868) are77l t 0771.
Argentine, 85 to 86 ; Mexican Five per Cents., 131
to 13!; Peruvian, 831 to 841 ; and Spanish New
Three per Cents., 271 to 271.
In the Railway Market stocks are firm. Prices
are as follows:—Great Eastern, 371 to 371; London
and Brighton, 461 to 461 ; Metropolitan, 841 to
841 ; Great Western, at 56, show an advance of 1 ;
Midland, 119 to 1191; Caledonian, 78/ to 791;
Great Northern (A), 1081 to 1091; London,
Chatham, and Dover, 151 to 151 ; London and
North Western, 1211 to 1211 ; and South Eastern,
761 to 77.
In Bank Shares there has been a fall of 10s. in
Union of London, the price being 37 to 38 ; Anglo-
Austrian, 10 to 12 prem. ; Chartered Mercantile, 31
to 32 ; Consolidated, 4/ to 41; Imperial Ottoman,
21 to 24 prem. ; London and County, 47 to 48 ;
London and Westminster, 581 to 591 ; Oriental,
41 to 42 ; and London Joint-stock, 31 to 32.
In Miscellaneous Securities price are nearly sta-
tionary. Hudson Bay is 121 to 121 ; National
Discount, 11 to 111 ; General Credit, 1 to 1 dis. ;
and International Finance, 2 to 11 dia.
At Mark-lane to-day the attendance was meagre,
and the trade dull for all kinds of grain. English
wheat hung on hand, and the tendency was in
favour of buyers, although quotations remained 408
to 42s for white, and 37s to 40s for red. Foreign
wheat met only a retail sale, which left quotations
nominally unaltered.
The sum of £59,000 in gold was taken to the
Bank yesterday.
'The City of Washington, from New York, has
brought £6,200.
The Manchester markets this week have opened
with a declining tendency.

The subscription list of the £435,520 Danubian
Railway Loan (Bucharest to Giurgevo) closed last
evening for London, and will close to-night for the
country. The applications received have been
largely in excess of the amount required, and are
expected to reach a total of £1,000,000. Price to
1 prem., with an active business doing.
Captain R. B. Oldfield, of the Royal Navy, an
experienced officer, has been granted leave by the
Admiralty, and has proceeded on behalf of the Te-
legraph Construction and Maintenance Company
to Siam and the Malay Peninspla for the purpose of
exploring certain routes by which that company
proposes to establish a telegraph communication
from Burmah, the Tenasserim Provinces, and Siam
with Penang, so as to throw the traffic upon the
British Indian Extension Company's cable, which
will be laid next year between the S.raits of Ma-
lacca and Ceylon.
Mexican dollars, which are scarce, are in demand
for China, and were dealt in yesterday at 4s. hid.
per ounce, showing an improvement of id.
At a meeting of the Bank of Braid' North
America a dividend at the rate of 6 per cent. for the
half-year was declared.
The General Agency Limited have received a
telegram from their correspondent in Turin to the
effect " that the drawings of Canal Cavour ' obli-
gations will be made on the 21st and 22d instant."
this announcement, ii confirmed, tends, it is consi-
dered, to prove that the Italian Government are
loyally determined to fulfil their obligations towards
the company, as defined by the Convention of the
7th of March, 1869.
A circular has been issued by the Ecuadorian
Commission of Agency, stating that after suspen-
sion of payment of interest on the debt of that Re-
public had been notified, they had addressed to the
representatives of the various States of South and
-Central America a memorial, requesting the good
offices of each with the Government of Ecuador.
A copy of the memorial, which points out the dis.
estrous effects to all the neighbouring States of
conduct so injurious to South American credit, is
also annexed.

At the 17th annual meeting of the Conservative
Land Society, the report stated that the receipts for
the year amounted to £161,136, and the grand totals
to £1,450,082. Six per cent interest and bonus was
declared.

The Bradford Telegraph announces the stoppage
of Messrs. Falconer Brothers of New York, with
heavy liabilities, including £lO,OOO due in Brad-
ford.

The Birmingham Post states that Messrs. James
Toy and Co., manufacturers, of Spring-hill, have
placed their books in the hands of an accountant.
The liabilities are computed at £16,000.
Inquiries have been induced lately for Great
Eastern Railway Stock, in consequence of its being
understood that a large reduction has been effected
in the working expenses, such as coal and coke,
and in the amount of train mileage for the half-
Year. It further appears that a large part of the
Bum supposed to have been at stake, in the recent
failure of the company's carting agents at Leeds,
had not yet been collected from the traders, so
that the loss arising from that event will not
be so large as was expected. It is believed also
that some of the extraordinary expenses charged
against revenue last year—such as the sutn of
£15,000 for condemned rolling stock, and £9,000
expenses in floating debenture stocks, and the ex-
cessive amount then charged for compensation—
are not likely to be repeated in the forthcoming
accounts.

The ➢letropolitan Railway traffic return shows
this week an increase of £1,407 over last year ; the
Metropolitan and St. John's-wood, an increase of
44 ; and the Glasgow and South Western, an in-
crease of £348.

A petition for the winding-up of the Brampton
and Longtown Railway Company is to be heard
before Vice-Chancellor James on the 18th inst.

BRITISH FUNDS—TWO O'CLOCK.
GovEnsmENT I'UNDS.
3 Per Cent. Consuls -
Ditto for Account, Jan. 6
a per Cent. lieduced ll2
New 3 per Cent
IN olv VA per Cent. Jan. 1694
Do. 5 per Con J an. 187 3 ..
tiannities, SO pre, expire sth Jan., iebe.
Do. for 30 yrs, expire sth April 1885 —
, Do (lied Sea Tolew-aph), Aug., 190 f, —
Xxelicqus,r Bills, £l,OOO, 21 p. Ct. Idarch pn
Do. ii do. June

I?, --
£lOO, £2OO & £5OO 4 pu
%ink of England Stock, 41 per Cent 233 40
a,,. opening —
canada 4 per Cent. Bonds lO4l
4 uter-Colunial Oruunnu

, INDIAN CIOVERNMENT tiliCt )1!I PP.
14,1il 5 tuck, lUf per Cont., April 1879
Do. Opening, for Account —
D.,. a per Cent. July, 1880
Do. 4 per Cent. Oct. 1888
Do. Cartitizates
Do. Enlaced Pape, 4 per Cont., , 92}
Do. 5 par Cert., Jan. 1872 .... ~„, —
Do. 5i per Cent. May 1879 —
• Do 5 per Cent., Itup. Dob. 1872 —
Do do. 1877 —

Do. do. 1882... — '
ou. Deb., 5 per Cent., Aug. 1873 —
Do Ronde; 4 per Cent., £l,000
flo. under £LOOO
FOREIGN FUNDS— TWO O'CLOCK.
A.egentine Republic, 6 per Cent ...
%a itrian Bonds 5 per cent
Do. 1869 -
BrutHan 5 per Cent —
h. 4i per Cent. 185 V ~.••.

_ 1),
09. do
Uo. au

" -
.............
lal

Do. do., 1863
Do. 5 per Cent., 1865
Dc. Account
Bllenos Ayres 6 per Cent.
Do 2 per Cent. (Deferred 3 per Cent )
Cuba, 6 per Cent.
Outlian 6 per Cent —
a. 4i per Cent...." ......... 741
Do. 3 per Cent.,
Do. 7 per Cent., 1666
Lo. 6 per cent. 1867 —
l lo.ubian, 6 per Cent.
Danish, 3 per Cent., 1825
Dan,abian Principalities, 7 i.ar Cent —

)o. Acccuto
Do 8 por Cont., 1867 ............
"cuador Now Uon3olidated, t per Ceut
Egyptiuu, 7 per Celli...
41 SoLoud issue
D0..£501, Bonds
Do. 1864
Do. Account ...
Do. A5OO Bonds

De 4100 Bonie
Do. 7 per Cent., 1868 ••• 77i

Do. £lOO BondS •••••
Government Railway DeLewin-et, 99}
GreeK 5 per Cent., 1824 5, ex Coups

1)o. Cjurons . • ---

Do. Account
Go%tamale:6 per Cent .
lioudurasGov Rail.'Loen.,lUp;Ct.,ullpd 861
ltelian 6 per Cent., 1865

Do. Account ~. •.
Do Mxrommana Railway —
Mexican 3 per Cent —
Ditto for Account
Do. 1864 —
Do 6 per Cont. Anglo-French —
Anntevideau 6 per Cent. • • „•••••• ---
Mocrish Imperial 5 per Cent —
New Granada —
Do 3 per Cen —
Do. Deferred
Do Land Warrants (ftectat es)
Peruvian 5 per Cent. 1865
Do Account ._ .. 844
Do 4} per Cent. (U1:1-terron)
Do 4} per Cent.. 1862
Do Account
Portuguese 3 per Ct., 1853, '6, 7,19,'60,'2,11-
Do. do. 1867 331
Do. do. Scrip, £2O paid —
Russian 5 ear Cent., 1b22, £ St
Do 4} per Cent 1850
Do 44 per Cent., 1860
Do 3 per Cent., 1859
Do 5 per Cent., 1862 ... 86
Do :do, Scrip —
Do. Anglo-Dutch, 1864, £lOO Bondi., 924
Do. du. £B4 15s. d 0...,
Do., 1866, £lOO Bonds —
Do. do £B4 13s. do —
Do Nicolas Railway 651
Sardinian 5 per Cent —
Spanish 3 per Con ...
Do. Account —
Do. 1867
Do. Account
Do. New Deferred —
Do. Account —
Do. Passive —
Do. Cora. Cert. of Coui . not funded —
Do. Account —
Swedish Provincial Mortgage Loan
Do Government, 1864 —
Do dc, 1868
Turkish 6 per Cent
DJ Account
Do 6 per Cent. 1858 —
Do Account
Do £IOC Bonds 72
Do 6 per Cent., 1862
Do. Account 66/ 7
Do £lOO Bonds --
Do 5 per Cent. 1865 —
Do Account
Do 6 per Cent., 1860 —
Do. Account
Do 4 por Cent., Guaranteed —
Venezuela 3 per Cent. —
Do 6 per Cent. 1864 —
Dividends on the above payable in London
Austrian o per Cent. Ex 10 Florins
Belgian, 44 per cent., Ex. 25f.
Dutch 24 per Cent. Ex. 12 Guil„ —
Do. 4 per Cent. Certificates ....
French Rentos, 3 per Cent.. Ex. 25f. —
Italian 5 per °out. 1861, Ex. 25f. —
Do Account 541 4 1

IWO O'CLOCK.
Jonsols Money - xd
Do. icoonnt, Jan. 6 921 xd

NAVAL AND MILITARY INTELLIGENCE.

Yesterday orders were received at Aldershot to
hold the Ist Battalion 12th Regiment, under the
command of Colonel 11. M. Hamilton, in residence
to proceed to the northern district to-morrow even-
ing. The strength of the regiment is two field
officers, four captains, six lieutenants, four ensigns,
Ere staff officers, 48 sergeants, 20 drummers, 573
rank and file, 70 women, 112 children, and five
horses. The regiment has been stationed at Alder-
shot since the beginning of the year, and the con-
duct of the men in the town and in quarters has
been unexceptionable.
Yesterday orders were also received at Alder-
shot to hold the 35th Regiment in readiness to
proceed to the northern district to-morrow. The
regiment is commanded by Colonel Atkinson, and
its strength is about 625 non-commissioned officers
and privates.

PARIS CORRESPONDENOE.

TUESDAY.

The process of verifying the elections in the Corps
Legislatif has not lost its interest. Yesterday a very
animated debate took place respecting tho election of M.
Viellard-Migeon, deputy of the Haut-Rhin. Long be-
fore the sitting it was known that the extreme Right
intended to revenge upon M. Viellard-Migeon the
defeat which they had sustained in the case of M. de
Sainte-Hermine, and, accordingly, there was a full atten-
dance in the galleries as well as in the Chamber itself.
The audience was all the larger as it was expected that
M. Thiers would speak. This expectation was not ful-
filled, but there was an exciting scene. After the
arguments against the election had been read there was
considerable disturbance, and one speaker plainly declared
that the Right wanted a scapegoat, and had chosen
the deputy of Haut-Rhin for that office. The
charge against the new member was that he had
presented himself under his commercial name,
Viellard-Migeon, instead of plain Viellard ; also that on
twenty-six voting papers the name of his opponent had
been erased, and his own inserted. You will perceive
that the Parisian idea of parliamentary honour is assum-
ing very exalted proportions. M. Viellard, who is 66
years of age, has never spoken in public before. However,
the insinuations and intemperances of the members of the
Right called him to the tribune, and he spoke with
all the straightforward honesty of a man who is
sure of his own cause, if not with much trace
of the Parliamentary orator. M. Emile 011ivier
summarised the dispute very briefly. " Party passion,"
said he, " can alone induce the annulling of this election."
The result of the division was favourable alike to the
prospects of the Liberal party and to the political '
position of M. Viellard, whose election was affirmed by
110 to 94.
The Liberti records with triumph the addition of ten
fresh names to the manifesto of the 114, and looks
forward with confidence to the transformation of 114
into 218. The same journal thinks it impossible
that M. de Forcade will hold the portfolio of
the Interior after the end of this month, the belief being
perhaps influenced by the wish to see M. 011ivier in the
Cabinet. Certainly ho would be an improvement upon the
Ministry we are at present favoured with. I hear that M.
de Forcade is indulging in the belief that the Liberal
programme, which is engaging so much attention, is
nothing more serious than an expression of pious wishes,
and need create no apprehension whatever. Certainly
this gives point to an anecdote told of the Chamber. A
lady visitor in the galleries, astonished at the melan-
choly spectacle presented by the silent and embar-
rassed Cabinet, asked her neighbour whaler the
bench they occupied was reserved for the deaf and
dumb? "Yes, madame," interposed the Prussian Secre-
tary of Legation, smiling, " and what is sadder still, its
occupants are also blind." M. Forcade's opinion of the
Liberal manifestoes would seem to justify the satire of
Count Bismarck's envoy.
The Empress has returned in good health and spirits.
Tier Ma jc sty has become slightly embrowned by the sun
of Africa. She expresses herself delighted with her
voyage. The recollection of her visit to Venice appears to
hold a prominent place in the impressions of her tour,
There is some talk of her publishing a journal of her
travels.
France has not sent a special representative to the
Roman Council, and the other Powers have followed the
example.
The Gazette de France states that from the month of
April next, new coin will be 1-sued from the Paris Mint,
bearing the effigies of the Emperor and the Prince Imperial
side by side.
Tho authorities have resolved not to wait any longer
for the promised confession of Troppmann, but
to proceed to the administration of justice. Tropp-
mann will be charged before the Court of Assize with
assassination and theft.

It is said that M. Itechefort intends to propose that the
Chamber shall have the right to open and close its sessions
without haying recolyso to an Imperial decree.