The Sun.
London, England, 1869-01-09 00:00:00

/ER.

NEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
We had a very dull business to-day, but unfor-
tunately that has been the case for a considerable
period of time. At one time an improvement
begins to show itself, and then something
invariably occurs to impede the favourable
movement, and prices go down to their old level.
Consols this morning are slightiy better than yester-
day, but notwithstanding the general aspectof.affairs
seems of a downward tendency. Sales, of course,
at this particular period are preponderating as the
fortnightly settlement commences on Tuesday next.
The demand for money is moderate, and it can
be obtained at a rate slightly below the Bank
minimum.

Consols are 92i 4 for money ; Three per Cent.
Reduced, 928 3 ; New Three per Cents, 928 3.
India Stock, 5 per Cent., July, 1880, 1121 k ;
ditto 4 per Cent., Oct., 1888, 1021 1.
In the Foreign Market we have to note a
rise of 1 per cent. in Orel Vitebsk and Turkish
of 1865, and a reduction of 1 in Brazilian of 1865
and Egyptian of 1868. The quotations are
as follows :—Brazilian of 1865, 781 to 7o ;
Chilian of 1867, 93 to 94, ex div. ; Egyptian
of 1864, 85 to 86 ; ditto of 1868, 731 to 741 ;
Italian of 1861, 531 to f, ex div. ; ditto
Tobacco Loan, 1 to 11 prem., ex div. ; Mexi-
can, 151 to 1 ; Peruvian of 1865, 751 to 1., ex
all ; Russian of 1866, 891 to 901 ; ditto Nicolai,
66 to z; ditto Orel, 80 to ; ditto Moscow, 76/
to I ; ditto Charkof-Azof, 701 to 1 ; ditto
Charcow-Krementschug, 11 to 01 dis. ; Spanish
of 1867, 30i to 1 cx div. ; Turkish of 1858, 621 to
631; ditto of 1862, 611 to 621 ; ditto of 1865, 398
to 408,

In the railway market there is very little doing.
The quotations are as follows :—London and
North Western, 1124 to 113 ; Great Western,
471 to 48 ; Midland, 1131 to 113 i ; London and
South Western, 17+ to 881 ; Great Eastern, 41+ to
; Brighton, 49+ to 1 ; South Eastern, 791 to
; Metropolitan, 107; to 1 ; Great Northern, 1061
to 107.1 ; ditto A, 1071 to 108 ; Caledonian, 761 to
77 ; and London, Chatham, and Dover, 17 to 171.
United States 5-20 Bonds and Erie Railway
Shares are 8 to I per cent. higher, at 741 to 754
and 261 to 8, respectively. Illinois Central, 951
to 96 ; Atlantic and Great Western Debentures,
41+ to 4; and the Consolidated Mortgage Bonds,
44 to I.
In Banking and Miscellaneous Shares we have
no alteration to make in yesterday's quotations.
A sum of £6,000 in bar gold was sent into the
Bullion Office of the Bank yesterday.
The Ceylon, from Alexandria, has brought
£2,575.

The Pera has left Southampton to day with the
mails fur the East and specie to the amount of
£100,096, of which £5,095 is in gold, and £68,000
in silver for Bombay; £823 in gold for Madras;
£24,688 in silver for Hong Kong ; and £1,500 in
silver for Foo-chow.
In their annual bullion circular Messrs. Pixley,
Abell, and Langley give the following statement
of the imports of gold from Australia and America
last year and during the nine years preceding. The
total for 1868 amounted to £15,507,577 against
£10,585,685 in 1867 ; £15,609,211 in 1866,
£9,130,580 in 1865, £9,891,503 in 1864,
£13,038,931 in 1863, £16,176,110 in 1862,
£6,557,901 in 1861, £15,336,894 in 1860, and
£24„ 391 006 in 1859.

• _ _ _ _
Bar silver was offered to-day at ss. ojd. per
ounce, without finding buyers. A large supply of
dollars, estimated at £500,000 is expected at St.
Nazaire by the packet about the middle of the
month. There is at present no demand for gold
for export purposes.

The half-yearly meeting of the proprietors of the
Colonial Bank was held yesterday, when the report
of the directors was adopted, and a dividend at the
rate of 14 per cent per annum declared.

At a special general meeting of the shareholders
in the London and Provincial Telegraph Company
(Limited), the board were empowered to make terms
with the Postmaster-General for the sale of the un-
dertaking of the company ;within the authority of
Telegraph Act, 1868.
The directors of the British and Foreign Marine
Insurance Company (Limited) have decided to re-
commend at the annual meeting of the shareholders
to be held on the 27th instant a divided of 2s. per
share, making, with the interim dividend paid the
Ist of July, 4s.
per share, or 10 per cent. per
annum, and in addition to a bonus of 4s. per share,
in all a payment of 20 per cent. for the year on the
capital of the company, leaving £60,000 to be added
to the reserve fund.
The report of the Peel River Company, to be
presented on the 15th instant, shows an avail-
able total of £8,421, and recommends a distribu-
tion cf 11 per cent., making a total 243-, for the year.
This payment will absorb £7,500.
English tin has advanced £2 per ton, and blocks
are now 112 s.
The joint traffic return of the Galedonian and
North British Railways shows this week an in-
crease of £3,958 over last year.
Mr. Paul Margetson has been elected to the seat
at the board of the City Offices Company (Limited)
rendered vacant by the retirement of Mr. Edward
Warner.
Italian stock went down yesterday owing to the
continued opposition in Italy to the " Grist" tax.
The French Minister of Finance has prolonged
until the 28th February the time allowed for the
exchange of the silver coins lately demonetised. It
is expected that Belgium will also extend the time
to the same date.
The Brazilian advices mention that a reduction
in the receipts of the San Paulo Railway during
November, as compared with the corresponding
month of last year, was owing to the lateness of the
Coffee crop, coupled with an unusual period of wet
weather.

The total shipment of wines from Oporto for the
past year was 36,725, of which 27,683 were taken
by Great Britain and the colonies. The correspond-
ing totals for the year 1867 were 34,679 pipes and
25,553 pipes. The principal shippers were—San-
deman and Co., 3,537 ; Cockburn and Co., 2,786 ;
Martinez and Co., 2,120 ; Olney and Co., 1,570 ;
R. J. T. de Carvalho, 1,522; W. and J. Graham
and Co., 1,445; A. F. Meneres, 1,366 ; Clode and
Baker, 1,356 ; Hooper Brothers, 1,123 ; T. G.
Sandeman and Sons, 1,072; and 1). M. Feuer-
heerd and Co., 1,104.

BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT FUNDS.;
3 per Cent. Consols
Ditto for Account,
2 per Cent. Reduced 921 3
Now I per Cent
IS* I} per Coot. Jan. 1894
'De• 6 per Cent. ran. 1873 ......... ~ —
.A.mroltiet, 60 yrs, expire sth Jan., 1880 —l
Do. for 80 yrs, expire sth Aril 1885 —
Do (Red Sea Toleirraph), Aug., 1908,
Exchequer Bills, £l,OOO, 2 per Ot 3
Do. £5OO
Do. £lOO & £2OO —
Bank of England Stock, 4 per Cent
Do. accoult
Canada 4 per Cent. Bonds lo4f
later-Colonial Cranium

:Pm

INDIAN GOVERNMENT SECURITIES.
India Stock 10f per Cent., April 1874
Do. Opening, for Account
Do. 5 per Cent. July, 1880
Do. 4 pec Cent., Oct. 1888
Do. Certificates —
Do. Enfaced Pape, 4 per Cent —
Do. 5 per Cent., Jan. 1872
Do. 5i per Cent. May 1879 —
DJ 5 per Cent., Rup. Deb. 1872 —
Do. do. 1877 —
Do. do. 1882 —
D.. Deb., . 5 Per Cent, Aug. 1873 ~ —
Do. Bonds, 4 per Cent., £l,000
Do. under £l.OOO
FOREIGN FUNDS—CLOSING PRICES.
Ar2;entine Republic, ti per Cent
A.uitrian Bonds 5 per cent .
o. 1859 —
.13ruilian D 5 per Cent
(30 li per Cent., 1852
—•
Do. do. 1858....
Do. do*, 1860
Do. do., 1863
Do. 5 per Cent., 1865 —
Do Account
B ,ienos Ayres 6 per Cent.
Do 2 per Cent. (Deferred 3er Cent ) 52}
Cuba, 6 per Cent. p
ialie.
O" —
--.• 6 per 00zitersinumettlesettemtoPM 7'