The Sun.
London, England, 1869-12-09 00:00:00

MONEY-MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.

The usual weekly meeting in the Bank parlour
to-day has terminated without any alteration being
made in the rate of discount. Consols maintain
their closing prices of yesterday, but Foreign secu-
rities are generally speaking lower. Railway shares
have also in some instances declined, and the down-
ward movement has extended to Telegraph stock.
Consols are now at 92.} to 92* for money ;
ditto, for Ike:omit, 92i ; Three per Cent. Re-
duced, 92* 2 ; New Tkree per Cents, 92 ;
Exchequer Bills £l,OOO, March, 5 prem. ; June,
2 7 prem. ; ditto £lOO, £2OO, and £5OO, March,
prem. ; June, prem. ; Bank of England Stock,
4i per Cent., 238 40. _ .

India Stock, 10} per Cent., April, 1874, —;
ditto 5 per Cent., July, 1880, 1121 1; ditto 4
per Cent., Oct., 1888, 1001 ; ditto Enfaced Paper,
4 per Cent., ; ditto Bonds £l,OOO, 24 prem. ;
ditto Bonds under £l,OOO, 20 prem.

In the Foreign Market prices have in some in-
Stances declined. Argentine are marked 85 to 86 ;
Brazilian, 841 to 851 ; Egyptian (1868), 771' to
771 ; Italian, 51 to 541 ; Mexican, 131 to 131 ;
Peruvian, 831 to 844 ; Portuguese, 331 to 334 ;
Orel, 824 to 83 ; Nicholas, 654 to 66 ; Moscow,
81 to 811 ; Charkof, 814 to 811 ; Spanish, 264 to
271 ; and Turkish Five per Cents., 434 to 441.
American Five-Twenty Bonds are now 85 to
854. Erie are 20 to 204, and Illinois 99/ to 100.
In the Railway Market the principal feature is a
fall in Brighton and Metropolitan, both of which
are lower, the former 4, at 47 to 474 ; and the
latter 4, at 834 to 834; Great Northern (A), is
also 4 lower, at 108/ to 109 ; and South Eastern
4, at 764 to 761. On the other hand, North
Eastern. (Berwick) and Great Eastern are firm,
being 1 and 4 higher, at 120 to 1204, and 38 re-
spectively. Great Western is dull, at 55 to 56 ;
Great Northern, 107 to 108 ; London, Chatham,
and Doter, 14/ to 15 ; London and North Wes-
tern, 121/ to 1211 ; Midland, 119 to 1191; Cale-
donian, 79 to 794 ; and Lancashire and Yorkshire,
1261 to 127.
Lombardo-Venetian is neatly 1 lower at 204 to
201 ; and Great Luxemburg is unaltered at 12f
to 12/.
For Bank Shares quotations are very restricted.
the following are some of the principal prices :
London and Westminster, 581 to 591 ; London
and County, 47 to 48 ; Union of London, 37 to
38 ; London Joint-stock, 31 to 32 ; Imperial Otto-
man, 24 to 24 prem. ; Consolidated, 4/ to 41;
Chartered; Mercantile, 31 to 32 ; Alliance, 121 to
131 ; and Agra (A) 104 to 11.
Telegraph Cable Shares are flat. French Cable
is marked at 154 to 1154 ; Anglo-American, 194 to
191 1 Construction and Maintenance opened with-
out change, but have since declined to 334 to 331.

A further euw of £lOl,OOO in gold was taken
to the Bank yesterday, making on balance a to;a1
of £145,000 in the week since the date of the last
return.

It is understood that the taking over of the tele-
graph system by the Government is now not likely
to be effected before the end of January. Mean-
while, it is believed that the negotiations between
the Government and the companies with regard to
the time and mode of payment of the compensation
money had not yet been concluded, although an
early announcement is expected. The total sum to
be raised will probably be about £7,000,000, taking
into account the expense in connection with the
reconstruction and enlargement of the general busi-
ness ; but the portion to meet the awards to the
companies is limited to £5,71:5,048, and an im-
pression is entertained that the large balances that
will accumulate in the Exchequer iu January from
the new arrangements regarding the income and
assessed taxes will, with or without some assistance
from the Bank of Etig:and, prove sufficient for that
purpose.

_
Mercantile advices from Egypt give some unsa-
ti,faLtory indications with regard to the financial
proceedings of the Viceroy. lie is said to have
made arrangements for the issue of a large quan-
tity of Treasury Bonds, and to be about to depute
au agent to kiegociate the transaction in the Paris
market. As his Highness is understood to have
lately effected a similar business for £2,400,000, on
the plea of requirements for the port of Alexandria,
and furthermore to have contracted a loan of
£300,000 with parties iu England, and all these
commitments are subject to the chance of being
hawked about by the people who have no suffi-
cient power to deal with them in a solid manner,
the danger to the credit of the country is obvious.
Although so recently as 1868 the Viceroy raised a
loan of £12,000,000 on condition that no further
appeal should be made for five years, it is affirmed
that the floating debt has since been increased to
the extent of six millions sterling—a total which
will be enlarged to 10 millions if all the demands
lately made are carried out. The absolute legiti-
mate wants of the Egyptian Government are be-
lieved for some time past to have been moderate,
and hence a suspicion seems to be entertained, after
making full allowance for the prodigal ceremonies
of the Suez Canal, that the Viceroy is seeking to
fortify himself privately with funds to meet any
eventuality that may arise from resistance to the
reclamations of the Porte. _ _ _

_ The National Bank of Australasia have invited
tenders on the 16th instant for £lOO,OOO Six
per Cent. Bonds of the South Australian Govern-
ment, having from thirty-four to forty-five years
to run. They are issued under an Act of the
19th of December, 1867, authorizing the raising
of £Bll,OOO for railway purposes, of which
£400,000 was subscribed in London in October,
1868.

The report of the Egyptian Commercial and
Trading Cou3pany (Limited), to be presented on
the 15th instant, announces a further return of 2s.
6d. per share.
A " World's Fair" is to be held at Washington
in 1871, and subscriptions equal to £210,000
are said to have been already obtained from per-
sons willing to guarantee the required funds—
President Grant being among the number for
£l,OOO.

Vice-Chancellor James, upon the application
of the official liquidators, has extended the time
within which the policyholders of the Albert Life
Assurance Company who may have paid their
premiums since the 14th of August last may
elect to have such premiums returned to them in
full front the lst of January to the 30th of March
next.

The subscription list of the £435,520 Danubian
Railway Loan (Bucharest to Giurgevo) has closed,
and the applications are nearly three times in ex-
gess of the sum applied for. The quotations to-day
is to 1. prem.

13TUTIO11 FUNDS —TWU O'CLOCK.
GOVERNMENT lusns.
3 per Cent. Console
Ditto fur Account, Jan. 6
3 per Cent. Reduced 92i 2
New 3 per Cent
N ew 2} per Cent. Jan. 1894
Do. 5 per Cen ~ an. 1873
&unuities, 30 yrs, expire sth Jan., IbBO —
Do. for 30 yrs, expire sth April 1885 —
Do (Red Sea Televaph), Aug., 1908 —
Exchequer Bills, £l,oou, 21 p. Ct. March pm
Do. 3 do. June 7
Do £lOO, .£2OO & £5OO Pat
Bank of England Stock, 41 per Cent

Do. opening
Canada 4 per Cent. Bonds
Inter-Colonial Uranium
INDIAN UOVERNALENT
ludi.L •o' Lock, 10} per Cent., April 1874...
Dcr. Oponing, for Account
DJ. o I.er 4...10nt. July, 1680
Oo 4 per Cent. Oct 1888

Do. Cartilicates
Do. Enfaced Pape. 4 per °Aut.. ..
Do. 5 per Cert., J au. 1871 .... ...- —
Do. 5i per Cent. May 1874.4 —
DJ 5 per Cent., Rup. DeiN 1872..., —
Do do 18'17 -
Do. do. 1882 —
th. i)eb., 5 per Cont., Aug. 1873
Do. Bende, 4 per Cent., £1,000
Do. under £l,OOO 2O
FOREIGN itiliDti— TWO O'CLOCK.
Argentine Republic, t; per Cent
1 uttriau Bonds b per cent

Do. V;59 —
Brazilian 5 per Cent —
Do. 4} per Cent. 1852 —
Do. do 1858,...