The Sun.
London, England, 1869-11-01 00:00:00

MONEY- MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocs.

This being the Ist of November, when the trans-
fer books at the Bank of England are shut for
striking the half-yearly balances, the Stock Ex-
change is closed, so that no business is being tran-
sacted in the Share Market. The Mining Share
Alarket is also closed. Nevertheless a few outside
dealers are in attendance, but their operations are
insignificant, and for the most part quotations are
nominally the same as on Saturday.
The Paris Bourse is also closed, as well as most
Others of the Continental Bourses, this being All
Saints Day.

A considerable demand is prevailing for money
in connection with the engagements of the approach-
ing 4th. Rates for the best three months' bills are
generally quoted at 21 per cent., with exceptional
business at 2i.
The sum of £20,000 in gold was taken from the
Bank for the Continent on Saturday.
The Norfolk, from Melbourne, has brought
£27,000, and La Plata is telegraphed at Lisbon
with £86,161. _ .

The proposal of the Madrid Cabinet to deprive
the foreign bondholders of one-fifth of their claims
shows that financial dishonesty is as likely to be the
bane of the new Government as it was of the old.
Should the measure be carried out there will be an
end to all prospect of progress or stability, and it
can matter little whether the head of a country that
thus, after a short emancipation, returns volun-
tarily to its former corruption belongs to an old
race or to a new one. Nothing has been better
established in modern times than the fact that
the growth and power of nations depends upon
public credit 'and commercial enterprise, and that
where these are wanting the fall of any dynasty
and the failure of all political contrivancet can be
but questions of time. The moment the contem-
plated Act shall be consummated Spain will again
be placed under ban in Loudon and on all the
Bourses of Europe. It is true that after the re-
cent course of the Stock Exchange Committee in
refusing to uphold their bye-law applicable to such
a Case as the present, they will be unable to act
without stultifying themselves ; but the interests
involved are now too large to be trifled with
by a knot of dealers who may happen momentarily
to be buyers or sellers, and the voice of the entire
business community will compel some observance
of strict principle.
The Bank of England have given notice that on
Thursday, the 2d of December, Consols New £5
per Cents., New £3 103. per Cents., New £2 10s.
per Cents., Annuities for Terms of Years, and
India £5 per Cents. will be transferable without
the dividend due on the sth of January next ; ah3o
that the transfer books of East India Stock will
shut on the Bth of December and open on the 6th
of January.

At a meeting of the Committee of Wool Importers
resolutions were passed to hold five series of sales
next year, in lieu of four as heretofore, the dates
of commencement to be the 10th of February,
the 7th of April, the 16th of June, the Bth of
September, and the 17th of November. The im-
porters generally, it is said, have reason to believe
that the alteration will be acceptable to their friends
in the colonies.

The Manchester Examiner says :---" The failure
18 announced of Messrs. Leonard Clayton and Sons,
Spinners and manufacturers of regattas, &c., of
Cannon-street. The liabilities are said to be con-
siderable. The suspension is also announced of Mr.
Thomas Wagstaff, agent, Cannon-street, with,
however, very small liabilities."
A general meeting of the Eastern Bengal Rail-
Way Company is convened for the 24th November.
The Anglo-Mediterranean Telegraph Company
(Limited) have announced that their register of
transfers will be closed from the Bth to the 13th
November, both days inclusive, preparatory to the
PaYrnent of an interim dividend of 4s. per share.

BRITISH FUNDS—CLOSING PRICES.
SATURDAY.
, GOVERNMENT Euxns.
i. per Cent. Consols
Ditto fur Account, Nov 4
3Peroent. Reduced 9") 1/
New 3 per Cent
New } per Cent. Jan. 1894
A 80.2 5 per Cen Jan. 1873
o•unuities, SO yrs, expire sth Jan., 1880.
1)o. for 30 yrs, expire sth April 1885 —
t. "0 (Red Sea Telegraph), Aug., 1908 —
44Lchequsr Bills, £l,OOO, 21 p. Ct. March _
Do.
Do 6
3 do. June 10 la'
£lOO, £2OO & £5OO
_o_
11 pm
209
Bank of England Stock, 41 per Cent
--
0. opening . -
`-auada 4 per Cent. Bonds —
Inter-Colonial Omiamm
Intim GOVERNMENT SECURITIES
India Stock, 104 per Cent., April 1879 —
.9,0. Opening, for Account —
s,o• 5 per Cent. July, 1880
uo• 1 per Cent., Oct. 1888
Do. Certificates —
Ro• Enfaced Pape. 4 per Cent..;... —
go. s.,per Cent., Jan. 1872 ~...,... —
". per Cent. May 1879 —
'l-'3 0 per Cent., Rup. Deb. 1872 .....
Do do 1877 —
Do. do. 1882 —
1-„4,. bet). 5 per Cent., Aug. 1873
,
DO Bonds, 4 per Cent., £l,000
Do. under £l,OOO —
A FOREIGN FUNDS—CLOSING PRICES.
''‘rgentine Republic, 6 per Cent
luitrian Bonds 5 per cent
azili
tr ••an 5 Do' 1859
per Cent —
°ll°. 41 per Cent. 1852 —
`'°. do 1858.... —
'°. uu 1860 —
Do. do 1863
0130.3.45cepoeurn.t Cent.,1865
831 1
4-„ertos Ayros 6 per Cent.
Cuba,-uo 2 er C t (Deferred 3 per Cent )
P en • , 6 per Cent.
'atitan 6 per Cent —
D
vso
3• o• 41 per Cent. L 75
.0
per Cent.,
'll-,°. 7 p
10°Aler Cent., 1866
0 •"'°• 6 Per cent. 1867
•
ti an, 6 per Cent.
DalliBll, 3 per Cent., 1825
an,ibian Principatios, 7 per Cent B2
x Do 8 per Cent., 186 T —
Leoador New Colmolidated 1 per Cent •
4Ptian , , 7 per Cent —
1-1,,0 Secoad Issue —
aso. 450(, Bonds —
Do. 1864
110. Do. Account .. B6l '7l
~, £5OO Bonds
triso. £lOO Bonds BBl
4.)
~°. 7 per Cent. 1868 ...... 771 1
,•1•10. £lOO Bonds •••••
i:/overntuent Railway Debentures 994
eelc 5 per Cent., 1821 5, ex Coups
it • --- Do. a
,s()
,c count
4 Coui sae ".• ----
4,;0. Account
tt'o ttemalo.:s per Cent .. —
4911(1111'as Gov Rail. Loon., 10 p.iCt., all pd 821
Do. 5 per Cent., 1865 —
°tc'• Account ~ ---•
tdo,. account
Railway —
lis.'eaa 3 per Cent —
itto for Account
~ D°. 1864 —
--'0 6
alout Per Cent. Anglo-French
motr!Yrideati 6 per Cent. . —
ke,,',811 Imperial 5 per Cent
Do- klranad
D 0• 3 a
Per Cen• —
Deferred
Pero° -lalici Warrants (Hectares)
Do
vIAB•4 5 per Cent. 1865
`'eccunt .. 824 4
Do :1 Per Cent. (Ui:harren)
'Jo
Ai Per Cent.. 1862 -
Port ,;',c°lll,t, .
00
."-ese 3 per Ct., 1853, '6, 7, '9,'60,'2,'S 341 4
Do do. 1867 —ll,lB
Dsi do. Scrip, £2O paid —
on 5 par Cent., 1822, £ Sc
Do 4lt per Cent 1850
Do 3i Per Cent., 1860
,_ per Cent., 1859
lit' 0 per Cent., 1862 ... 69
bou.
An :do, Scrip —
Do.gle-Dutch, 1864, £lOO BondE —
b, 10 do. £B4 15s. do.
Do:' '66, £lOO Bonds —
I) . do £Bl 13s. do —
° Nleolit .1 arqi, • as ...al. way 6Bl
~
Ilan 5 • '
Panish 3 Pei Gent —
.o A Per Cen • —
Do. ''.,uu'-,unt
1-.) • 18;7
(:), A
bo. I„—eceunt
I)•
"°l9- D ,f i .
0, Ae t ci rea —
Do. p count
.00.,,as8ive
Do. "'_A°Z;lieert. of Coup. not funded
wed's, _ rit
Bo Go rroyincial Mortgage Loan —
Do °verrirnent, 1864
lurki,b f du, 1668
1) ) PQr Cent
°eb,.) Accouu, ......... ...... . —
p , b
814
Do ~!.
,er Cent. 1838 —
to Seer
Dug 1" Bonds 671
Do. Per 4ceouCnt ent.' 1862