The Sun.
London, England, 1869-08-31 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
To-day we had a slight decline in prices, but the
chief business was the concluding arrangements for
the settlement. The advices from Paris give a
further fall of the funds.
Consols ant dull to-day at 93 for money ;
ditto, for Account, —; Three per Cent. Re-
duced, 931 ,1,-; New Three per Cents, 931 1 ;
Exchequer Bills £l,OOO, March, 8 prem. ; June, 6
Prem. ; ditto £lOO, £2OO, and £5OO, March,
Prem. ; June, prem. ; Bank of England Stock,
4 per Cent., 246.
India Stock, 101 per Cent., April, 1874, 211 ;
ditto 5 per Cent., July, 1880, —; ditto
4 per Cent., Oct., 1888, 1011 ; ditto Enfaced
Paper, 4 per Cent., 1879, 92; ditto Bonds £l,OOO,
30 prem.
The Foreign Stocks keep firm. Argentine are
791 to 79:1 ; Egyptian (1864), 91 to 92 ; do.,
(1868),
7G to 761 ; Ita!i In. 511
111 to 511 ; Mexican,
to 12 ; Peruvian, 781 to 791 ; Orel-Vitebsk,
831 to 81; Charkof, 831 to 84 ; Spinish, 281 to
281 ; Turkish Five per Cents., 431 to 451; and
the Six per Cents. 6:74 to 662.
Ilse Railway Market is steady. The following
,aetehm, Prices ;—Caledonian, 802 to 811 ; Great
to 38 ex div. ; Great Northern,
1041 to 1042 ; Great Northern A, 103 to 1031 ;
Great IVestern, 53} to 54 ; Lancashire and York-
ithire, •124 f to 1251 ; London and Brighton, 45
A
tu ci ;
Chatham and Dover, 161 to 161 ; Lon-
don and North-Western, 1161 to 1171 ex div ;
Londonand South Western, 891 to 901 cx div. ;
_Aletropolitan, 921 to 921; Midland, 1161 to 1171 ;
North Eastern (Berwick), 113 to 114 ex div. ;
:avnd South-Eastern, 76t0 761 ex div.
Telegraph Shares, although quiet, are tolerably
tell
supported. Anglo-Amarican is inquired for
20/ to 20 • French Cable, 171 to 1811 ; and
4
Construction and Maintenance is 1 better, 291
to 29i.

BAnierican Five-Twenty Bonds are better, at
t° SI. - Erie Shares are in request at 22-1 to
steady at 91 to 941.
In Batik Shares very little business is doing and
prices are without material alteration.
Ihere was no gold operations at the Bank yes-
terday.
The Shannon, from the West Indies, has brought
t 41,591 in
gold, and £61,230 in silver, and the
Union, from New York, £27,680.
Authority has been received to contradict a state-
tent which appeared in the Railway News of Satur-
!lay to the effect that Mr. Varley, the electrician,
has proceeded to Brest to attempt to repair a fault
in the French cable. The report of the existence
of a fault is said to have arisen from the fact that
within
a very recent period the progress of electri-
cal science has led to the invention of new instru-
ments
cviapitahble of testing the condition of submarine
much greater minuteness than was
practicable when the original Atlantic lines were
erved
hY which means a peculiarity has been ob-
at one point that is declared to be incom-
patible with complete perfection, although in a com-
cll:ersetiiaols i sense there is no fault whatever. At the
same time, it is affirmed that the peculiarity in
more or less common to all submarine
cables hitherto submerged. Mr. Varley, it appears,
Vent to Brest solely for the purpose of connecting
taeßrest with the Minou station. According to
latest accounts the line was in all respects work-
ing satisfactorily.
In the discount transactions, either at the Bank
zrtiii:tolin.e open market, there was no important
The inquiry was altogether limited, the
amount of paper offering being very restricted.
The private and the joint-stock banks make their
advances at:2i per cent. Notwithstanding:the ar-
rangement of the half-monthly account and the
near approach of the payment of two of the leading
railway dividends, money was excessively abundant
at the Stock Exchange.
The traffic of the Loudon, Brighton, and South-
Coast Railway exhibits au increase of £496. The
South-Eastern traffic presents a decrease of £478.
The traffic of the Great Western. Railway of
Canada shows a decrease of £1,067 ; that of the
Detroit and Milwaukie Railway a decrease of
£1,457.
The Stock Exchange Committee have appointed
Thursday, Sept. 2, a special settling day in the
"tip and bonds of the Guaranteed Loan of the
National Pisco to Yea, Railway Company.
In the Mincing-lane markets the principal feau-
ture has been the quarterly sales of cinnamon,
whichhave resulted in an advance of 3d. to 61. per
on the rates current at the previous quarterly
series. In other produce only a moderate business
has been concluded, but pries generally are firm,
he only important exception being in cotton, which
has declined jd,, and for floating parcels is now :id.
Under the late highest points.
The Turkish Loan for £12,00),000 will, it is
telPected, be placel through the Imperial o,t)man
441') whose combinations at home and abroad will
be quite sufficient to give the operation vitality.
As
money is now at a low value, while the pro-
spect exists of its even being officially quoted at
least per cent. cheaper, the present period would
trPPear be auspicious to the introduction of the
tin4llBaetion. The tranquillity of affairs on the Con-
're" should asist to expedite the arrangement.
t t` Continuous decline in the price of wheat leads
all ~I.e conclusion that the harvest is turning out
t!aat could be desired. The fall, which has been
wP:eckl ally v y
during the last fortnight or three
b„,2, has shown the effect of the late fine weather
anv,".the Crops thoughout the United Kingdom,
day hough tahough the change in the temperature yester-
nd to-al
Pro"
e. y Was less satisfactory, it will not
Th ',Pr judicial unless followed by increased cold.
bene late d,.
...Y. weather and the heat have been most
ip t,'n lal to the corn in the north of England and
cotland.

lIIIITISII FUNDS—TWO tycLOOK•
tie
per raItXXExT FuND3.,
Cent. Consols
93 }
I Ditto for Account, Sept 8
9-31 I it
I„Nr ()out. Reduced
931
;:,°ll, 3 per Cent
_
.nilir 21 per Cent. Jan. 1891
°' 4) per Cern
-1%11.1873
for.Cleitie so yrs, expire sth Jan., 1881. —._
li,e. 30 yrs, expire sth April 18$?
~ ue (fled ettTelei.,,raph), Aug., 1_80%;
4.2thequzr kills 41,000, 21 p. Ct. mar%
Do,
3 do. Jull Pm
Do-
-Bam_ £lOO, £2OO &
1," ef England Stock, 41 per Cent •
.. _
'AL,-, 6;
°Pehing ..... .. ........................ _
/ '4oa per Cent. Bonds
tate-olonial °mantra
IN -
la., • LIAN ~.101,03.N24ENT Sxclplxt7z4b
211
'7la took, 10} per Cont., April 8
40. Opening, for Account
_
'C. 5 per Uent. July, 1880
1011
hn• 4 per Cent•, Oct. 1888 '
te.'lo' (jertificatea. . .. -
Enlaced Pape.... Cant. •=.
_11.4
Do, Per Cent., Jan. 1872 ..... ••• _
"' '1 Per Celt. May 1879
1) 51 c.
! Cent., Rup Deb. 187`'
'Jo
do 1877
Do.
do. 1882 —
--".a. Deb., 5 per Cent , Aug. 1873 *" —3o Pm
1))0- Bonds, I.per Corsi., .61,000
0. under £l,OOO
Ar e
z ,s, FOREIGN FUNDS- TWO 0'010C1C•
4 - "line Republic, 6 per Cent
n itrian Donde 5 per cent
--
r% il. e. 1859
_.l
4 lan 5 per Cent
................... 'i
I
4)°' li Per 0 C . i:,
0°- do ent.
45t3
•
15
(") 18G ........ ....,
Do 4
1•63
1) Y Per Cent., 1865
k.?__Account .................................
.!..L4
I-41 Ayres 6 T.er Cent. ....... ;. .. .
...._
c, i per Cent. (Deferred 3 per Cent
'113%1
G Per Celli.
0 ,kp
D0.,,1 G per Cent ....... ... ......... ..
I'°•°' 41 Per Cent .
.. . ........... •
11)0.3 pot Cent " '".
........
......... .
7 par Cont.., iiti
DkolG per cent. 1867
Dane,,6l`,;o, 6 per Cent.
~,q,; 0 pm. Lieut., 1825.......
.....
lerj) elan Principalities, 7 ler Cent
,„°,,8 Per Cent., 1867
..... ....•••
14',{..;rT,.1,,?•31,rrConlisolida.ie-d. ..
. .1. per Cent.
ri ;'l;3--,euet.. . ..............
....:
45tf. 80nd5...., .
—_
D. RlOO 80nd,..
...., 89) ;
De .......... • • 1864.. ..........
..
Do *. Pe Aqcount ................
1)0.414) 13ends
_7
Bons 183
68 ,
1.-
Pet 004 t d
~ 1168 11,,,,,,,,,,,....m0 19i i