The Sun.
London, England, 1869-01-12 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

The North German Lloyd steamer America from
New York, has brought £9,000 in specie for Paris,
and £l,OOO for Bremen.
There is a quiet demand for money in the open
market this morning, with rates unchanged at
2- 23 per cent. The brokers have reduced their
rates for money on deposit at 14 days' notice, from
21 to 21 per cent.
The stock markets to-day are affected by the
preparations for the settlement, which are i❑
progress. Foreign securities are firm. Consols
are better. Railways are also firm, without
much change in quotations, except in the case
of London and North Westerns, which have im-

proved.
Cousols are 92j for for money; ditto, for Ac-
count, 92k ; Three per Cent. Reduced, 934- 3 ; New
Three per Cents, 93k 3 ; ditto 3 per Cent., Jan.
1873, 103 k ; Bank of England Stock, 4 per Cent.,
2411 3.
India Stock, 10k per Cent., April, 1874, 2114 ;
ditto 5 per Cent., July, 1880, 1121 4 ; ditto 4 per
Cent., Oct., 1888, 1024 ; ditto Enfaced Paper 51
per Cent., May, 1879, 1101.
Italian Five per Cents. show a recovery of 1 per
cent., at 54} 54f ex div. ; New Spanish Three per
Cents. and Turkish Five per Cents. have improved
to 301 30i ex div. and 401 401 respectively.
Peruvian Five Per Cents. are better, at 76 761,
ex all ; and Greek and Mexican Bonds remain un-
changed at 114 12, and 154 151.
The Scrip of the Italian 'Tobacco Loan is about
1 prem.. and the last Russian Railway Loan 1 k
discount.

The Honduras Loan is 85 87 ex coupon.
Egyptian Seven per Cent. Loan of 1868 is firm
at 73 741.
The railway market does not as yet show
much change, from the settlement in progress.
A few of the stocks are k better; and London
and North Western have improved if. The
quotations are :—Caledonian, 771 774 ; Great
Western, 48/ e ; Great Eastern, 42/ j ; Great
Northern, 107 8 ; ditto A, 108 1 ; Lancashire,
129 4 ; Metropolitan, 109-3- ; ditto Extension,
104- 5 ; Midland, 114 1 ; Sheffield, 47 1; Brigh-
ton, 491 50 ; North British, 33 4 ; North Western,
1134 14+ ; North Eastern, 102 3 ; South Eastern,
79i 801 ; Chatham and Dover, 17 1.
United States Five-Twenty Bonds have given
way I, to 748 75 ; but the Bonds of 1885 and Ten-
Forty Bonds remain at 73i,t 734, and 72, 721 re-
spectively.
Atlantic and Great Western Railway Deben-
tures are steady, at 401 41, and the Consoli-
dated Mortgage Bonds, at 431 44. Eries have de-
clined 1, to 251 25k, and Illinois Central stock is
unaltered, at 96 961.
Great I❑dian Peninsular Railway New Four per
Cent. Debenture Stock is 90 91 ex div.
The sum of £106,000 in gold was taken to the
Bank yesterday.
The next French, West India, and Mexican mail
steamer is expected to bring £600,000 in silver,
chiefly on English account.
The directors of the National Discount Company
(Limited) have determined to recommend, at the
general meeting on the 20th inst., a dividend at the
rate of 15 per cent. per annum.
At the meeting of the proprietors of the Union
Bank of Australia, a dividend was declared of 71
per cent. for the half-year.
There is a rumour that the prospectus of the
new competing Brighton Railway project is likely
to be issued in the course of the next week or two.
The traffic return of the Great Western Railway
of Canada, for the week ending the Bth inst., shows
an increase of £2,569 over last year.
The transfer books of the International Financial
Society (Limited) are to be closed from the 18th
to the 31st inst.

The Basingstoke Canal, together with all the
property belonging to the company, is advertised to
be sold by tender, pursuant to an order of the Mas-
ter of the Rolls.

The South Eastern Railway traffic return shows
this week an increase of £2,602 over the correspond-
ing week of last year, and the Brighton an increase
of £3,602.
A circular has been addressed by the executors
and trustees of the late Mr. John Humphery,
stating that the business of the wharf will be carried
ou by them with the existing staff for the benefit of
his estate, and that ample provision is made by the
Will with regard to capital.
The Crown agents for the colonies have announced
the half-yearly interest due on the 15th inst. on the
New Zealand Government, 5 per Cent. Debentures
expiring in 1914, and on Vancouver Island 6 per
Cent. Debentures ; also the three months' interest
due on the 15th inst. on the New Zealand 5 per
Cent• Consolidated Loan of 1868.
From St. Salvador the election of Dr. Francisco
Ducnas as President for the coming term is an-
nounced. The indigo crop is now estimated at
nearly the last year's yield-11,000 ceroons. The
Price has been a shade higher than last year, and
the quality is inferior. The sugar product of this
Republic will greatly exceed that of any preceding
Year.

From Costa Rica it is stated that on the 9th of
December an attempt was discovered to overthrow
the newly-installed Provisional President, Don
Jesus Jimenez, but that order was soon restored.
The State of California, which ten years ago was
the most dangerous centre of American finance,
continues to maintain the altered character it has
lately gained, and to furnish, in comparison with the
other States, an example of peculiar steadiness. Al-
though the rate of interest is high—ranging between
12 and 15 per cent. on the best securities— it ex-
periences scarcely any fluctuation from month to
month, and transactions consequently assume a
regularity such as is rarely experienced in the
Eastern cities. The shipments of specie from the
of January, 1868, to the beginning of De-
cember, had been only £6,670,000, against
£7)900,000 in the preceding year, but the diffe-
rence probably had been more than made up by
an increased exportation of wheat and other
Products. The Customs receipts were £1,640,000
-an increase of £lBO,OOO. The assessed value
of the real estate of San Francisco alone is now
£12,700,000.

A.dvices from Guatemala state that the House of
Representatives opened its regular Sessions on the
25th of November, on which day the President of
the Republic, Don Vicente Cerna, delivered the
usual address, in which he says that the relations of
the State with the neighbouring Republics of Sal-
fl'a.(l°r? Honduras, and Nicaragua are of the most
• endlp nature, as also with the United States and
,-v-4▪
Irope. Peace reigns through the interior. Roads
'nave been opened and improved throughout the de-
Parttnent, public edifices have been repaired, and
schools have been established as far as the limited
been
of the population would admit. Steps have
eeen•
. taken to favour the production of indigo—
itt former times a favourite staple of Guatemala.
411ew contract for five years has been entered into
With the Panama Railroad Company for continuing
their line of steamers semi-monthly between
anattla and San Jose at an additional subsidy of
z
'‘1,600, the company agreeing to touch at the ports
?ri trihe coast of Suchitepequez during the months of
January,
February, March, and April, to take off
the crops from that part of the Republic.

BRITISH FUNDS—TWO O'CLOCK.
COVERNNIENT FUNDS.,
a per Cent. Consols - 4Ditto for Account,
3 per Cent. Reduced
ion 3
.11,row 393 per Cent
4N('‘v 21 per Cent. Jn. 1894
Annuities, SO yrs, expire sth Jan., 1880
--j
Do. for 30 yrs, expire sth April 1885 —
Do (Red Sea Televaph.), Aug., 1908 —
Xxelicquer Bills,
.£l,OO, 2 per Ct — pm
o.
Do. £5OO
100 & .£2O
33a.alc of England Stock, 4 pe 0 r
Cent
Do. account ..