The Sun.
London, England, 1869-12-18 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.
There was not much doing to-day on the Stock
Exchange, but we have no material alteration to
mark in the prices of Government Securities. In
the foreign market there is still improvement going
on, but in American Securities we have to record a
fall of fully 1 per cent. in Elie. In railway shares
prices are firm, but in telegraphs symptoms of a
fall are apparent.
Consols are now at 92 to 924 for money;
ditto, for Account, ; Three per Cent. Re-
duced, 1/14 2 ; New Three per Cents, 914 2 ;
Exchequer Bills £l,OOO, March, 5 prem. ; June,
2 7 prem. ; ditto £lOO, £2OO, and £5OO, March,
prem. ; June, 2 prem. ; Bank of England Stock,
41 per Cent., 237.
India Stock, 104 per Cent., April, 1874, shut ;
ditto 5 per Cent., July, 1880, 1111 ; ditto 4
per Cent., Oct., 1888, 1001 ; ditto Enfaced Paper,
per Cent., 1051; ditto Bonds £l,OOO, 25 prem.
Not much business is doing in English Railway
Shares, but prices are tolerably well supported.
Groat Northern is 4 higher, at 108 to 109 ; and
au inprovement of 1 is also marked in Great Wes-
tern, at 554 to 56 ; London and Brighton, at 47t
to 48; and London, Chatham, and Dover, at
151 to 15/. On the other hand, Great Northern
(A) is I lower, at 1091 to 109/ ; and South Eas-
tern 4, at 774 to 771. Caledonian is steady, at
77/ 781 ; Great Eastern, 374 to 374 ; Lancashire
and Yorkshire, 126/ to 1274; London and North
Western, 92 to 94 ; Metropolitan, 83 to 83/ ;
Midland, 119/ to 1201 ; and North Eastern
(13erwick), 122 to 1224.
Bank Shares are very quiet, and the only change
in prices is a decline of 1 in Imperial Ottoman, the
price being 24 to 2/ prem. Agra (A), is quoted
at 104 to 11; Alliance, 121 to 134 ; Anglo-Aus-
trian, 11 to 13 prem. ; Chartered Mercantile, 314
to 321 ; Consolidated, 44 to 44 ; London and
County, 474 to 481 ; London and Westminster,
584 to 591 ; Oriental, 411 to 42 ; London Joint-
Stock, 314 to 321 ; and Union of Lonlon, 37
to 38.

The only feature in Foregin Mining Shares is St.
John Del Rey, which is in request at 19 to 20,
being an improvement of I.
Telegraph Shares are dull. Construction and
Maintenance is a shade lower than at the opening,
at 35 to 354 ; China Sub'narine is quoted at 4 dis.
to par; Indian Extension is dealt in at par;
Anglo-American, 19 to 191 ; and French Cable,
141 to 15.
The Foreign Market is very quiet, but the ten-
dency is a litt!o more favourable than at the open-
ing. Turkish Five per Cents. are 431 to 44 ; do.
Six per Cents., 66,i to 67 ; Spanish, 271 to 271;
Egyptian, 78i to 781; Peruvian, 831 to 831 ; Mexi-
can, 131 to 131 ; Argentine, 854 to 861.
In American Railways Eries are quoted at 171 to
171 ; Illinois, 991 to 99; ; Five-Twenty Bonds, 86
to 861; 1865 Bonds, 84} to 85 ; 1867 Bonds, 834
to 841 ; and the Ten-Forties, 821 to 821.
The sum of £22,000 in gold was taken to the
Bank yesterday.
The Nyanza, from Alexandria, has brought

£151,500 ; the llolsatia, from New York, £2,000,
and the Dover Castle, from Port Phillip, i'16,320.
The Atrato, for the West Indies, has taken out

160,000.
A Bavarian loan of 18 million florins, or about
millions sterling, has been concluded with
Messrs. Von Erlanger and Sons, of naukfort,
and three of the principal Bavarian banks.

Advices from Lisbon state that the new taxes
recently levied are well met, and that the sales of
the State domains will begin immediately.
The New York advices mention the resumption
of business by Messrs. Lockwood and Co., one of
the largest banking and commission firms brought
down by the revulsion consequent on the recent
gold speculation. " The conduct of the different
members of the house in turning over all their pri-
vate property to the assignee," it is said, " greatly
facilitated the adjustment, snaking all the creditors
desirous on their part to treat the firm with libe-
rality and indulgence."

The Peninsular and Oriental Company have just
concluded a contract with Messrs. Ca r,.1 and Co.,
of Greenock, for the construction of two screw
steamers. of 3,400 tons and GOO horse-power nomi-
nal, the engines to be upon what is known as the
compound or high and low pressure principle.
Messrs. Caird and Co. have already nearly com-
pleted one steamer of the tonnage and character
for the service of this company, while similar
vessels, the Deccan and Hindostan, built by Messrs.
Denny and Co., of Dumbarton, and Messrs. Day,
of Southampton, have recently been despatched to
India. These additions to the company's fleet re-
present 17,000 tons and 3,000 nominal horse-
power.

The steamer Colorado, which sailed from San
Francisco on the 3d inst., took £85,000 in gold for
England via Panama, which may be expected by
the next West India mail.
Indications accumulate that the success of the
Suez Canal will rapidly bring about a solution of
the question of the practicability of a ship canal to
unite the Atlantic and Pacific. The Nicaragua
route seems at present to attract the most attention.
As to the raising of the necessary means, which
have been estimated as high as 20 millions sterling,
much will depend upon the pecuniary results of the
Suez Canal. If these should be satisfactory the
affair may perhaps come to be entertained even as
a private enterprise. Otherwise State aid may be
invoked. In one form or the other there seems
little doubt that the American people will force the
accomplishment of the design.
The dividend to be recommended at the half-
yearly meeting of the Crystal Palace Company, on
the 30th inst., is one and a half per cent. on the
ordinary stock (Is. 6d. per share), in addition to
the dividends on Preference and Debenture stocks.

The stoppage is announced of Messrs. Hamil-
ton, Graham, and Co., of Bradford and Manches-
ter, a house engaged in the home trade, with lia-
bilities to the amount of about £25,000. Mr.
William Wilkinson, lasting manufacturer, of Ha-
lifax, has also suspended ; his liabilities reach nearly
£7,000.
At a meeting of the creditors of Messrs. Nicholls
and Co., cloth merchants, of Leeds and Morley, the
unsecured liabilities wen stated at £23,000, and
the assets at £6,300. A committee of investigation
was appointed.
At a meeting of the creditors of Messrs. E. and
W. Tinker, of Manchester, their liabilities showed
£9,000, while the assets show about 4s. in the
pound. The estate is to be wound up under a deed
of assignment.

It is announced by the committee of shareholders
of the late Agra and Masterman's Bank (Limited)
that an arrangement has been made under which
the Agra Bank (Limited) have agreed to take
over the interests of shareholders in the surplus
assets of the former bank, at the rate of £4lss.
per share, by an immediate cash payment, which
will be open for the acceptance of shareholders
resident in Europe up to and including the 31st
instant.

At the meeting of the proprietors of the Delhi
and London Bank (Limited) it was resolved to re-
duce the capital to £500,000, and the shares from
£5O to £25 each.

We are informed by the Train Railway Com-
pany that Sir George BJwyer, Bart., has resigned
the chairmanship of the company, in conse-
quence of a difference of opinion between him and
his colleagues as to the duties of the chief en-
gineer.

The Master of the Rolls has appointed Mr George
Scott official liquidator in the matter of the National
Widows' Fund (Limited).

BRITISII FUNDS-CLOSING PRICES.

GOVERNMENT itiNDS.
g per Cent. Consols
Ditto for Account, Jan. 6 —
S per Cent. Reduced 9ll 2
New 3 per Cent
Now 21 per Cent. Jan. 1894
Do. 5 per Com Jan. 1873
&unuities, SU yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 —
Do (Led Sou Tolevaph), Aug., 1908 —