The Sun.
London, England, 1869-09-18 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

At this clay's market Consols are steady at yes-
terday's quotations. The news from Paris have
had the effect of supporting this market for foreign
stocks and such securities as are common to the two
exchanges. In tho Railway Market Erie shares ad-
vanced 1. The funds and most home securities are
unaltered in value since yesterday.
Consols are now at 92 to 921 for money ;
ditto, for Account, ; Three per Cent. Re-
duced, 911 d ; New Tree per Cents, 911 a ;
Exchequer Bills £l,OOO, March, 6 prem. ; June,
prem. ; ditto £lOO, £2OO, and £5OO, March,
-- prem. ; June, 6 10 prem. ; Bank of England
Stock, 4 per Cent., shut.
India Stock, 101 per Cent.,'April, 1874, 212 ;
ditto 5 per Cent., July, 1880, 1141 ; ditto
4 per Cent., Oct., 1888, 1001 ; ditto Enfaced
Paper, 5 per Cent.,
There is a slight recovery in Great Northern and
Great Eastern shares, but otherwise the Railway
Market is dull. The following are the prices:—Cale-
donian, 821 to 83 ; Great Eastern, 34 to 371 ex
; Great Northern 103 to 104 ex div. ; ditto A,
991 to 100 exdiv.; Great Western, 53 to 541 ex div.;
Lancashire and Yorkshire, 124 to 125 ex div.;
London and Brighton, 441 to 441 ; London, Chat-
ham, and Dover, 161 to 161 ; London and North-
Western, 1154 to 1161 ex div. ; Metropolitan, 85
to 854 ex div. ; Midland, 1154 to 1161 ex div. ;
North-Eastern (Berwick), 1134 to 1141 ex div. ;
and South Eastern, 76 to 761 ex div.
In Foreign Stocks an improvement of i to 1 has
taken place in Egytian of 1868 and Italian Five
Per Cents., and Mexicans are 1 higher. Spanish
are rather firm. Turkish of both the 1865 issues
a shade higher than yesterday. Russian Orel Rail-
way Shares have declined 1, the present quotations
being 481 to 85.
In American Securities the only feature is a
recovery in Erie Railway Shares of 1, viz., to
27 to 271.
Lombardo-Venetian Railway Shares are 201 to
24, and Great Luxemburg 114 to 14.
In the Indian Railways East Indian Shares are
1111 to 112, and Scinde 1061 to 107.
Grand Trunk of Canada Shares are 151 to 151,
and Great Western of Canada 151.
French Cable Shares are 16 to 16f.
There were no gold operations at the Bank.
The Shannon, for the West Indies, has taken out
£7,200 in specie, principally silver.
The Frankfort advices state that the liquidation
for the middle of the month was completed without
difficulty, and that the heavy losses incurred by the
recent wild speculation were punctually met. It
appears to have been ascertained that the shares
which had been thrown at ruinous prizes on the
but
rket did not come from frightened speculators,
from operators for a fall. Thus French-Aus-
trian railways had been so much oversold that, on
the settling day, Ifl. had to be paid for the loan of
each share to the end of the month, and, as subse-
oently there remained some thousand shares which
had not been delivered, 311. to 4fl. per share was then
The
for the required quantity for the fortnight.
-_,pe price went up to 360, but this was for the end
of the month. For immediate delivery they could
not be obtained at any price. Other Austrian stocks
foe simultaneously recov9red to some extent, and
_°,r Americans there has been a good demand, not-
withstanding the rise in the gold premium at New
fork, A conference between the managers of the
Various railway companies of Galicia for a redue-
nthe tariff for corn and wheat has failed to
i-"u to any
result, the Carl-Ludwig Company re-
u! jog to agree. The reports as to the yield of hops
are_. unsatifactory and the quantity will be much
inferior to that of former years ; still prices have
notot risen, as there are yet large holders. Frank-
rt autumn fair in leather has been an animated
oti
I.e) a brisk business having been carried on at
I
eg prices, particularly in " Sohlleder."
u the colonial produce markets this week the
Previous improvement bas not been maintained,
tirl
quotations
tions have been influenced by the heavy
Arrivals, the increase of supply expected, and the
quietude of trade. Coffee, however, has
Continued firm, and to-day's sale of Plantation
Ceylon went ls. per cwt. higher for colony kinds in
the face of the large arrivals, and the approaching
isle of the Netherland Trading Company, which
s
to contain 129,300 bags, on the 23d instant,
ifaiript 122,000 bags last year. Native Ceylon
t„,,cilliet, and the common KIIICIS of Costa Rica have
Vaie off rather slowly. Thre has been less ani-
foti°ll in the sugar market, but prices are upheld
r
li good to fine qualities, including crystallized.
ar rYwn descriptions are rather lower, and refined
sold upon lower terms. There is not much
pressure to sell West India. Several parcels of
at Hang black pepper, to arrive, have been sold
theB former rates, while there is less demand on
'tri Pclt• Rice is firm, although quiet. Fine
La act lli:lad cocoa is dearer. the tea market continues
Ive.
!Sem,. At a public auction on Monday, new
son'B
eongou, per steamer Nestor, was sold
Withouteiaii
reserve," and mostly at full prices, espe-
Y forsalethe fine grades of Moning. Since this
the
the leet ~ trade have restricted their operations, and
Vith ulnin qualities of black leaf have been parted
e ai
La
a Slight decline. Indian growths by auction
85111:!1:105t cases gone off heavily. Further pub-
Nothi of China tea are to be held next week.
Cottoung has of interest has transpired in saltpetre.
been dull, closing lower, owing to the
large
1414ettledu state of trade and the expectation of a
Americani.tll crop.
3rda
8 Y the insurance companies and under-
fnder-
fsseta sttatained another serious loss. A telegram
-
Potted., na via Kiachka, received at Lloyd's, re-
- ',eat .
Nat the ship Hamill Mitchell, which sailed
had Gravesend on the sth of April for Shanghae,
vee,.
rail% " totally lost on the Leuconna Rocks, 130
fromonA Shanghae. Her cargo was valued at
1:11- haute and hstteshe had £50,000 in specie on board.
at he
vr was insured at the rate of 355. per cent.
aaa ear the leading insurance companies, the ship
alai 8° Was a p rtly covered at Lloyd's; the re-
ether
o_oct the insurances were effected among the
The les'
Icatereautil:ncizili.ester Examiner, referring to further
eye 4 difficulties, states that " Mr. H. R.
as iist43°oll' Of Albert-square, yarn and cloth agent,
dtos. f a circular calling a meeting of his cre-
ciar' or
Tuesday next, at three o'clock, at the
noelel/e° Rot 1 x36 e_. His liabilities are stated to be
ave )°OO to
arisen £40,000, and his failure is said to
from losses on shares."
b "e state
1408 of trade at Manchester is thus described
14 l‘io 81'8. _
Neroutsos and Co. through telegram :
10 aPpres•
West 'able improvement in this market from
at low ~Pnrtices> but
there is more disposition to buy

1311,ITIS$ FUNDS—CLOSING FRiCES'
li per%II%)I•IIALENT Fuxba.;
92i_i
Ditty °Pt.
Consols ............. .....
I per Coat Account, Accouut, Oct. E.
..
Now 3. Ilt• Reduced. 91—
N© 2 Per Cent .........................
_is
bo. I Per °out. ifiln. 1894
A.ti • Per Cen 1873 -
41) ekes, ao .
sth Jan., 1880 —
—O. for ag yrs, tapir° Do rl, r!il eapire sth April 1885 —
Dol9oB --
/cxeb, ku.ed Qom eleE,raph), Aug,,
,h
ecleer tills, £l,OOO, 2f p. Ct. 3lart
Do.
3 do.
45000110 -
PM
ktlic
£lOO,
4200
1 ' Shut
De
Qf triglazd Stock, 411 per Lent
IntOfthlCd'')lktialtlB
~,5,4., 4 Per Cent. Iloncls ...................
1 `-'uletlial °alumni
T ....stl . „
.1%. , .ku kJOVklitcMliNT SEcuurrl:k.e.
1)4 'C'eki 101 per -Cent., April 18,4 212
buo' ?Penin, for Account .................. 7.
Loo: A loot
Cent. July, 1880
I)
.;,:13)et: Cent., Oct. 1888 ..............
I): • 1; I.t'ln''ates .............................
0::• nfaced lapez 4 per Cent.. ....
,st Per (lett., Jan. 1872 .....
D • 71 per Cent. May 1879 —
3 0 Pet C'eut., ltup. Dab. 1872
ijo
do 1877
Do.
11„
1882
D•'• ~.-eb do. 6 h per Cent., Aug. 1873
u' 13000, 4,per Cont. £l,ooo
Pra
"'e. Uude(lr .£l,OOO
PORP.IGN FUNDS—CLOSING PRICES.
.Natiu It-t
80
i , 6 per Cent
ti Jtriku elloulgblocper cent . _
144'1i D°- 1859 ........................ —....
44 6 Per Cent ...........................