The Sun.
London, England, 1869-12-24 00:00:00

MORE Y MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

Business on the Stock Exchange to-day was as
is invariably the case at this period of the year, far
from active, but prices were fully kept up. The
preparations for the settlement, commencing on
Tuesday next, have begun, and it is fully expected
to be of a satisfactory nature. Prices of Foreign
Securities keep up; and where alteration in prices
are made in Telegraph shares, it is in favour of the
sellers.

Consols are now at 92k to 92 for money ;
ditto, for Account, —; Three per Cent. Re-
duced, 911 ; New Tkree per Cents, 911 2 ;
Exchequer Bills £l,OOO, March, 4 prem. ; June,
par to 5 prem. ; ditto £lOO, £2OO, and £5OO, March,
prere. ; June, prem. ; Bank of England Stock,
41 per Cent., 237.
India Stock, 101 per Cent., April, 1874, shut ;
ditto 5 per Cent., July, 1880, 112 11/ ; ditto 4
per Cent., Oct., 1888, 1001 ; ditto Enfaced Paper,
4 per Cent., 92.
In the Foreign Market Tui kish Five per Cents.
are 441 to 45k ; Six per Cents., 67/ to 681 ;
Spanish, 271 to 271 ; Italian, 55k to 56k ; Argen-
tine, 86 to 861 ; Egyptian (1868), 79 to 791 ;
Mexican, 131 to 13/ ; and Peruvian, 83/ to 841.
American Five-Twenty Bonds are 851 to 85k ;
the 1865 Bonds, 841 to 841 ; the 1867 Bonds, 84
to 4941 ; and the Ten-Forties, 821 to 83. Erie
Shares are 17 to 171 ; and Illinois, 991 to 100.
In English Railways prices are well supported.
Great Northern (A) I lower, :at 1091 to 109/ ;
Lancashire and Yorkshire, and London, Chatham,
and Dover higher, at 127 to 1271 and 151 to 15;
respectively. Midland is f better, viz., 121 to
1211; South Eastern, 771 to 78. Great Northern
is 1 lower, at 108 to 109 ; and London and
North Western 11, at 122 to 1221. Caledonian is
steady, at 761 to 77 ; Great Eastern, 371 to 37/ ;
Great Western, 55/ to 56 ; London and Brighton,
461 to 47 ; London and South Western, 92 to
94 ; and Metropolitans, 82/ to 83f.
Lombardo-Venetian are 20k to 21. Great Luxem-
bourg Shares are 124 to 12j.
Bank Shares have improved. Imperial Ottoman,
21 to 21 prem. ; Alliance, 121 to 13{ ; Anglo-
Austrian, 11 to 13 prew. ; Oriental, 41 to 42 ;
London Joint-Stock, 31f to 321 ; Telegraph Con-
struction and Maintenance, 351 to 351 ; and Anglo-
American, 181 to 181.

Miscellaneous Securities are marked--Iladson's
Bay, 12,E to 12i ; General Credit, 4to dis. ; In-
ternational Finance, 2; to 11 dis.
Telegraph Construction and Maintenance is
higher, at 35/ to 35i ; and Anglo-American at
181 to 18k. French Cable is unaltered, at 15i to
154 ; and Atlantic Eight per Cents., 1i to 2.

At Mark-lane this morning the attendance was
meagre, but supplies of a:1 kinds of grain being
light, the tone was firm. English wheat could be
bought only at the full terms of Monday. Foreign
nominally unchanged.

Vice-Chancellor Sir Richard Malins has con-
firmed the appointment of Mr. William J. White,
as official liquidator of the Waterford and Pazsage
Railway Company.
The China Submarine Telegraph Company have
given the order for the manufacture of their cable,
to be laid between a station in the Straits of Malacca
and Hongkong.
The official liquidator of the Contract Corfora-
tion (Limited) has announced a further dividend of
is. in the pound.

The colonial produce markets this week have not
experienced any alteration, and business for the year
is almost closed. Public sales are not to be resumed
until Tuesday, the 4th of January.
There were no gold operations at the Bank yes-
terday.
It was understood that arrangements have at
length been made to test the power of the English
shareholders iu the Erie Railway to obtain redress
in the Courts of the United States.
The Brazilian advices indicate that the Govern-
ment are able to avail themselves of the state of
their home credit in place of appealing to foieis6n
markets, a sum of about 1:1,600,000 or £2,000.000
having just been t.dvaneed on bonds issued to the
Bank cif

In relation to the question as to the proteztion of
English trade-marks in France a satisfactory deci-
sion has at last been gi% en by the Civil Tribunal of
the Seine at Paris in the case of " Christy v.
Daude." Messrs. Christy, conformably with a clause
in the French Treaty of 1860, duly registered their
trade-marks, which has enabled them to obtain a
verdict. The decision compels a surrender of the
counterfeit trade-marks, the payment of costs, and
the insertion of the judgment in three French news-
papers.

_
The Stock Exchange will, as usual, be closed to-
morrow, Christmas Day, and on the Monday
following. The Produce Markets closed yesterday,
and will reopen on Tuesday, the 4th of January.
It is stated that on the first day of Hilary Term
an injunction will be moved to restrain the direc-
tors of the European Assurance Society from pay-
ing certain annuities granted to Dr. John Watts,
of Manchester, the chief agent of the society ; to
Mr. Henry Brinsley Sheridan, M.P. ; to Dr.
Power, of the Reform Club, and others, in consi-
deration for services to certain companies or socie-
ties affiliated with the British Nation and other
offices now amalgamated with the European As-
surance Society ; and also to restrain the directors
from granting to Mr. henry Lake, late general
manager of the society, a retiring pension of £2,000
per annum, or any other sum, until a proper actu-
rial valuation of the liabilities and an investigation
into the market value of the securities and assets
of the European Society shall have been made and
reported on. Mr. Arnphlett, Q.C., and Mr. J.
Napier Higgins have been retained on behalf of the
plaintiff.
The Dundee Advertiser states that rumours
were current in Dundee, on Tuesday, of a failure
in Aberdeen for upwards of £70,000. It is
understood that a private settlement will be
effected.

The return from the Bank of England for the
week ended the 22d of Dec. gives the following
results when compared with the previous week :--

Rest
PuLlie deposits
Other deposits 17,319,112 lucrease ..„ 79,605
On the other side of the account :

Government securi-
ties £13,811,953 ... No change.
Other securities 18,088,159... Increase —.1,510,278
Notes unemployed 10,662,410 ... Decrease ... 200,665
The amount of notes in circulation is £22,654,940,
being an increase of £254,630 ; and the stock of
bullion in both departments is £19,233,617, showing
an increase of £66,508 when compared with the
preceding return.
Subjoined is a comparison of the present position
of the Bank of England and the prices of Consols
and French Rentes with the corresponding week of
last year :

At Present. Sarno Weeklast Y.,ar.
Bullion
Reserve _ 11,578,677 10,351,436

. ,
Notes in circulation 22,654,940 ...
la Rate of discount
Consols
French Routes

22,940;183
3 per cent.
jai
70f. —c.

The following is the official return of the cheques
and bills cleared in the Banker& Clearing-house for
the week ending Wednesday, Dec. 22 :
Thursday £12,613 000
Friday
B:Lturday.
Monday 11,089,000
Tuesday
Wednesday 8,750,00e

£67,135,C00

BRITISH FUNDS-TWO O'CLOCK.

UOVERNNIENT I'UNDS.
3 per Cent. Consols
liitto for Account, Jan. 6 —
3 per Cent. Reduced tni
N,,w 3 per Cent
li olv 2} per Cent. Jan. 1894

Du. S 'por Cen Jan .187 3
Annuities, 130 yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 —
Do (lied Sea Tolehraph), Aug., 1908_ I
Exclacqu7r Bills, £l,OOO, 21 p. Ut. March
Da. 3 do. Juue
Do 4100, £201! .£500‘1.,,,. -- VII