The Sun.
London, England, 1869-01-29 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE,

CITY, Two O'CLOCK.
Business was quiet but steady to-day ; the prin-
cipal operations, however, were in arrangement for
Payments and deliveries, this being the last day of
the settlement. The rate of discount keeps firm,
at 2i.
Consols are 9:21 4 3 4- for money ; ditto, for Ac-
count, 93 ; Three per Cent. Reduced, 931 1 ;
New Tree per Cents, 93a ; Bank of Eng-
land Stock, 4 per Cent., 244.
India Stock, 101 per Cent., April, 1874, 213 ;
ditto 5 per Cent., July, 1880, 1121 ; ditto 4 per,
Per Cent., Oct., 1883, 1021 1 ; ditto Enfaced
Paper, 1 per Cent., 924 ; ditto 51 per Cent., May,
1879, 1098.
In the Foreign Market Turkish Five per Cents.
receded 8, to 381 381 ; Mexican Bonds 1, to 151
15:1 ; and Ne Spanish Three per Cents. are
1-16 lower, at 301 21 ; Italian Five per Cents. re-
main at 54 541 ; and Greek Bonds at 111 12.
Egyptian 7 per Cent. Loan is 73 731, ex div.,
and the Honduras Loan is 86 88 ex coupon. The
scrip of the Italian Tobacco Loan is 21 3 prem.,
and the last Russian Railway Leaa is 4 di,., par.
In the railway market prices wre as follows

Caledonian, 791- to 791 ; Great Eastern, 424 to
43 ; Great Northern, 109 to 110 ; ditto A, 1101
to 1104; Great Western, 53 to 531 ; Lancashire
and Yorkshire, 130 k to 131; London and Brighton,
528 to 538 ; London, Chatham and Dover, 17i to
174 ; London and North Western, 1178 to 1181 ;
Manchester, Sheffield, and Lincolnshire, 481 to 4 ;
Metropolitan, 1091 to 1091; ditto Extension, 104
to 105 ; Midland, 1178 to 1188 ; North British,
351 to 3 61.
In miscellaneous shares the quotations were :

Hudson's Bay, 13 9-16 to 13 11-16 ex div. ; Lon.
don General Omnibus, 2 to 2i ; National Discount,
111 to 121 ; Royal Mail Steam, 39 to 41 ; Berlin
Waterworks, 131 to 141 ; Fore-street Warehouses, 1
to 1- prem. ; Mexican Railway, 4 to 41; Peninsular
and Oriental Steam, 48 to 49 ; Telegraph Con-
struction, 181 to 19 ; City of Moscow Gas, 21
to 31 ; Crystal Palace, Original, 19 to 21 ; ditto
Preference, 91 to 99 ; the 6 per Cent. Perpetual
Debentures, 105 to 109 ; City Offices, 231 to 22/
dis. ; United Discount, 1 die. to par.
A further sum of £74,000 in gold was taken
from the Bank yesterday for the Continent.
The Atrato, from the West Indies, has brought
£220,590 ; the City of New York, from New York,
£29,400; and the City of Brussels, £B,OOO.
The Bank of France return this week shows a
further increase of £24,000 in the stock of bullion.
The return of paid clearing for the week end-
lug 27th January is as follows ; Thursday, Jan.
21st, £8,692,000; Friday, 22d, £11,349,000;
Saturday, 23d, £11,605,000; Monday, 25th,
£9,527,000 ; Tuesday, 26th, £10,019,000 ; and
Wednesday, 27th, £8,724,000 ; total, £59,916,000.

, .
Viscount Monck, late Governor-General of
Canada, has accepted the position of Chairman of
the Societe du Cable Transatlantique Francais
(Limited), resigned by Mr. Lowe when taking office
as Chancellor of the Exchequer.
With reference to the paragraph which has ap-
peared respecting a company about to be intro-
duced for laying a submarine cable between Suez and
Bombay, it appears that it is not the only one un-
der consideration, as another company will be ad-
vertised in a day or two, with a very first class
board of directors.

The directors of the Dublin Trunk Connecting
Railway Company—a concern which has already
achieved some notoriety—have adopted the extra-
ordinary step of advertising in the public journals
the names and addresses of shareholders who have
failed to pay their calls.

Letter; from Hamburg mention that Mr. John
Henry Schroder, of that city, has—on the occasion
of the celebration of his " golden wedding," at the
age of 84—had the title of baron conferred upon him
by the King of Prussia.
A good deal of speculative attention has been
directed during the last few days to Confederate
cotton bond 3, owing to a hope that the holders
'will be able to establish their claim upon the pro-

coeds of the cotton originally hypothecAted to them,
and which have been paid into the United States
Treasury.

It is said that the liabilities of Mr. 'Michael Ben•
jamin, whose failure has already been referred to,
are below the sum originally stated, and do not

exceed in all about £BO,OOO, of which about one

fourth is secured.

The half-yearly meeting of the North London
RAilway Company is fixed for the 25th February
and that of the North and South Western June-

-- •
‘ion Railway Company for the-26th.

A call of £4, making £8 called, is to be paid on
the £l6 Five per Cent. Preference Shares of the
Midland Railway Company by the 25th of
February.
It is said that the Great Eastern Railway Com-
Pany will be in a position to pay a cash dividend
for the past half year, and that the minimum amount
Will probably be 1 per cent. per annum.
The directors of the Lancashire and Yorkshire
Railway Company have decided to recommend at
the next meeting a dividend at the rate of 6i per
cent, per annum, less income tax, for the half year.
At the annual meeting of the Halifax Joint-
Stock Bank a dividend at the rate of 15 per cent.
was declared.

At the meeting of the East London Bank, held
Yesterday, Mr. C. S. Butler in the chair, a dividend
of 5 per cent. per annum was declared.
The Birmingham Financial Association have
declared a dividend at the rate of 5 per cent. per
annum ; the Staffordshire Joint-Stock Bank a divi-
dend at the rate of 15s. per share; the Railway
Rolling Stock Company a dividend at the rate of
12 per cent. per annum ; and the Birmingham and
Midland Bank a dividend of £5 per share.
The return from the Bank of England for the
Week ended the 27th of January gives the following
)(Ault* when compared with the previous week
putlio £8,330,524 ... Increase £8,292
deposits
Other deposits 19,956,158 Decrease 217,950
On, the other side of the account :-
61-eysrnment securi-
£ls,l34,7lo ... Decrease ... 800,000
Other securities 16,920,136 ... Decrease 159,709
/Totes inompleyed 9,234,395 Increase ... 618,170
Tits amount of notes in circulation is £23,514,880,
being a decrease of £464,855 ; and the stock of
bullion in both departments is £18,826,097, showing
en increase of £121,920 when compared with the
preceding return.
Subjoined is a comparison of the present position
of the Bank of England and the prices of Consols
ilLnd French Routes with the corresponding week of
last year :

It Present. Same Week
Bullion
last Year.
Reserve
10,311,217 13,845,095
Notes in circulation 23,514,880 ... 23,474,330
R4te of discount
Ceasels
tr•nen Bente. 7of. 35c. 68f. 80c.

BRIT'S It r UN'S —T we O'CLOCK.
UOVERNMENT FUNDS.
a Per Cent. Consols
Newtto for Account,
Cent Reduced 931 1
3 nor. Cent
A ."°• 5 per Con Jan. 1873 ..
-..tinuities, SU yrs, expire sth Jan., 1880 —
1-).,,0. for 30 yrs, expire sth April 1885 —
E xche
"13 (Red Sea Teleaph), Aug., 1908 —
Do, q vuer Bills, £l,OOO, `2.l!per Ct. -Pr
£5OO
Do.
Att, b. £lOO Sz £2OO
244 F
Lk of England Stock, 4 per Cent
ue. account
,;(,,,
1 1.1 4 per Cent. Bonds
later-Colenial Omtuum
In, .INI)IA.N dOVERNMENT SECURITIES
.-11 a tock, 101 per Cent., April
,1874 213
1)0
O. Opening, for Account -
Doo. O.
4 per Cent. July, 1880 ll2l
i., per.
-0. Certificantets Ce., Oct. 1888
Do.Enlaced Pape. 4 per Cent
5 per Cert., Jan. 1872
DDo
-1 A
- Per Cent. May 1879 llOl
3 5 per Cent Rup. Deb. 1872 Cont.,
Do,1)0
do. 1877 —
do. 1882 — .11=4 Deb., 5 per Cent Aug. 1873 ~....
~
ni,o. Bonds, 4 per Cent., £l,OOO
1,0. under xl.OOO
FOREIGN FUNDS—TWO O'CLOCK.
Aqvzitille Upublic, 6 per Gent,,,,,,,,,,,,, 751 4