The Sun.
London, England, 1869-01-06 00:00:00

MONEY MARKET

AND

COMMERCIAL tNnt i.l, t 3

CITY, Two o'CLocK.
The business to-day was not of an important
character, yet the prices of yesterday were well
maintained. In foreign stocks Turkish improved
slightly, but other securities remain as last quoted.
The only move in the railway mkrket was in Me-
tropolitan, which went up "I. The demand for
money continues steady.
Consols are 924 4 for money ; ditto, for Ac-
count, 92i a ; Three per Cent. Reduced, 924 j ;
New Thee per Cents, 924 a ; ditto Red Sea Tele-
graph, Aug., 1908, 204 ; Bank of England Stock,
4 per Cent., 2411.
India Stock, 10} per Cent., April, 1874, 211 10 ;
ditto 5 per Cent., July, 1880, 1121 ; litto 4 per
Cent., Oct., 1888, 1021 ; ditto Bonds £l,OOO,
20 prem.
In the Foreign Market Greek Bonds have re-
ceded I, to 11i 12 ; and Turkish Five per Cent?.
and Italian Five per Cents. are 4 higher, at 40a
and 54a ex div. respectively ; New Spanish re-
main steady at 401 4 ex div. ; Mexican at 144 15i;
and Peruvian Five per Cents. of 1865 are 76i 77
ex all.
Egyptian Seven per Cent. Loan of 1868, 74 ;

and Honduras Loan, 86 87 ex coupon.
In the railway market Caledonians are 1 better,
Great Western if, Great Eastern 3-16, Lanca-
shire Metropolitan f, ditto Extension 1, Brigh-
ton I—all better. North British are lower.
Caledonian, 771 ; Great Western, 481 9 ; Great
Eastern 411 1; Great Northern, 106 7 ; ditto A,
108 1 ; Lancashire, 129 1 ; Metropolitan, 1071 4 ;
ditto Extension, 1011 21 ; Midland, 114 1 ; Shef-
field, 47 1; Brighton, 50 1 ; North British, 331 ;
North Western, 113 ; North Eastern, 99/ 1001 ;
South Eastern, 791 ; Chatham and Dover, 17a 1.
Great Indian Peninsular Railway Four per Cent.
Debenture stock is 49, 95.
American Five-Twenties are 741, 741; the
Bonds of 1865 73k, 731 ; and the Ten-Forty Bonds,
711, 72.

Anglo-American Telegraph shares are firm at
914 4 ; the Eight per Cent. Preference shares are
1-16 lower, at 3 41-16 3 13-16 ; and the Oriental
stock is 29 31 ; Atlantic and Great Western Railway
Debentures are firm at 41i 4241 and the Consoli-
dated Mortgage Bonds at 44 444, showing a rise of
on the former. Eries are dull at 254 16, and
Illinois Central stock is 4 lower, at 954 96.
In Banking and Miscellaneous Shares we have
no alteration to make in yesterday's prices.
The sum of £24,000 in gold was taken to the
Bank of England yesterday.
Permission has been given by Marshal Valliant
to Mr. Henry Stead of Old Bond-street, to exhibit
the model of the proposed railway bridge between
Calais and Dover in Paris.

It is announced that the subscription list of the
Seven per Cent. Loan of the Chesapeake and Ohio
Railroad Company will be closed on the 11th inst.
The whole of the shares lately offered to the pub-
lic by the Britannia Fire Association having been
taken up, the directors have commenced business
in conjunction with the Briton Medical and Gene-
ral Life Association.

It is understood that application has been made
to the Committee of the Stock Exchange for inser-
tion in the official list of the quotation for the ex
coupon of the Atlantic and Great Western Railway
Bonds.

The directors of the Birmingham Joint Stock
Bank (Limited) have resolved to declare the usual
dividend at the rate of 20 per cent. per annum free
of income tax, carrying the balance of the year's
profits to reserve surplus fund.
A general meeting of the shareholders of the Im-
perial Bank (Limited) is convened for the 19th
inst., to receive the half-yearly report and balance-
sheet, and to declare a dividend.
The directors of the Union Bank of Liverpool
announce a dividend for the half-year of 15s. per
share, or at the rate of 10 per cent, per annum.
At the meeting of the Union Marine Insurance
Company (Limited) of Liverpool and London, the
directors will recommend the payment of a divi-
dend of 121 per cent.

The half yearly meeting of the Fore-street Ware-
house Company (Limited) will be held on the 19th
inst., when a dividend will be declared.
Vice-Chancellor Giffard bas fixed the 10th in-
stant for the appointment of the official liquidator
of the Utrera and Moron Railway Company
(Limited).

A petition for the winding up of the Hercules
Insurance Company (Limited) is to be beard be-
fore the Master of the Rolls on the 16th inst.
The Spanish Minister for the Colonies invites
tenders for the laying of a submarine telegraph
cable " between the islands of Cuba or Porto Rico,
Canaries, and the coasts of the Peninsula, in the
port of Cadiz, or its neighbourhood."
A telegram has been received from Havannab,
dated yesterday, which announces the arrival of
General Dulce. Few samples of the new sugar
crop had yet come forward, and prices were
nominal.
A prospectus has appeared inviting applications
for bonds of the first division of the St. Paul and
Pacific Railroad Company (State of Minnesota).
The amount of this further issue is $6,000,000, the
first issue being $3,000,000. The price of issue for
each bond of $l,OOO, or £2OO sterling, is £l4O.
Subscriptions are to be received from the 6th to the
9th inst. at Amsterdam and Rotterdam, and also iu
London by Messrs. Robert Benson and Co. and
Messrs Surgery and Pickering.
A correspondent points out that the information
with regard to the mission of Daoud Pasha to Paris
and to " a Turkish loan of 125 million francs" is
believed to be confused between the Roumelia
Railway question and the loan lately concluded
with the St4iete Generale at Paris. Daoud Pasha
is the Turkish Minister of Public Works, and he is
charged with the business of the railway ; but the
loan, extending to some such amount, has already
been concluded with the Societe Generale ; and the
Turkish Government appear to have imposed the
condition that it should not become a public loan,
but should be treated as a temporary advance, se-
cured by Treasury Bonds, renewable at the expira-
tion of six months.

With regard to the practice of certain firms at
Vienna and elsewhere who style themselves
" bankers," and send allotted shares iu the Austrian
State lotteries to persons in England, it appears that
the Austrian Government have no power to interfere
with them, as they are not in any sense agents of
the Government, or in any official connection with
it. Our own Government, indeed, seems more to
blame in the matter than that of Austria, since,
although the attention of the Treasury has been
formally called to the fact that illegal advertise-
ments of these lotteries are constantly inserted in
English provincial newspapers, they take no steps
to put a stop to them. These advertisements are
headed, " Imperial Austrian Guaranteed State
Loans," " A fortune for a trifle—£2sooo fo"
Bona fide money spaeulation," &c., and it may be
presumed that a number of dupes are found sum-
render the trade profitable.
cient to

BRITISH FUNDS—TWO O'CLOCK.
(DVERNMENT FUNDS.;
3 per Jent. Consols
Dito for Account,
3 percent. Reduced 921 i
is
New 3 per Cent
Now per Cent. Jan. 1b94

. .
Do. per Cent. d an. 1873
.41,1nuies, SO yrs, expire sth Jan., 1880 —
Do,or 30 yrs, expire sth April 1885 —
Doßed Sea Telegraph), Aug., 1908_ 20;
Exchquer Bills, .£l,OOO, 2 per Ct --I
Dc .f5OO
Di £lOO Jc .£2OO — pm
B.trof England Stock, 4 per Cent
1) account
Capia 4 per Cent. Bonds —
let'-Colonial Cranium
LNDIA.N UOVERNMENT SLCURITIEb
Intl stock, 104 per Cent., April 1874 2ll 10
1. Opening, for Account —
A. 5 per Cent. July, 1880
). 4 per Cent., Oct. 1888
o. Certificates
o. Enlaced Paper 4 per Cent —
o. 5 per Cent., Jan. 1872 . —
PO. 54 per Cent. May 1879 lO9/
).) 5 per Cent., Rup. Deb. 1872 —
Do. do. 1877 —
Do. do. 1882 .—.