The Sun.
London, England, 1869-01-08 00:00:00

VCE:

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.

Business was not so good to-day. Consols de-
clined }, and the depression extended to the Foreign
Market. Spanish and Italian gave way slightly,
but Turkish went up a trifle. In railways we have to
report an improvement in Metropolitans and Great
Northern Original shares.

The demand for money is not large ; the sate at
which it can be had is 22.

Consols are 921 3 21 I for money; ditto, for Ac-
count, 92.1 ; Three per Cent. Reduced, 93 2i 3f ;
New Three per Cents, 93f j ; ditto 2f per Cent.,
Jan., 1994, 74f ; Bank of England Stock, 4 per
Cent., 241 3.

Canadian 4 per Cent. Bonds, 1960, 1044.
India Stock, 101 per Cent., April, 1874, 210 12 ;
ditto 5 per Cent., July, 1880, 112 i ; ditto 4 per
Cent., Oct., 1888, 1021.

In the foreign market Turkish Five per Cents.
were better, at 40i, but the quotation is now 40k,
401. New Spanish Three per Cents, have given
way -I, to 301, 301 ex div. ; and Italian Five per
Cents, are fractionally lower, at 544, 541 cx div.
Mexican Bonds remain at 15, 154, and Greek
Bonds at 11k, 12.

`..`.1 The Krementschug Railway Loan is 1 dis., par
The Honduras Loan is 86 87 ex coupon ; and the
Egyptian Seven per Cent. Loan of 1868 is firm, at
74 74i.

In the railway market Caledonian is better
Great Northern 1, Metropolitan Midland
Brighton 4f North Western I, and South
Eastern I. On the other hand, Great Western
are lower, Great Eastern 1-16, Lancashire 4.
The quotations are : Caledonian, 764 74 ;
Great Western, 48 ; Great Eastern, 41f 4 ; Great
Northern, 107 to 108 ; ditto A, 108 to 109 f ; Lan-
cashire, 129 ; Metropolitan, 1081- to 108-1 ; ditto
Extension, 104 f ; Midland, 114 f ; Sheffield,
46f 47f ; Brighton, 49 ; North British, 33 34 ;
North Western, 113 f ; North Eastern, 100 f ;
South Eastern, 79} to 80 ; and Chatham and
Dover, 164 to 171.
Great Indian Peninsular Railway New Four
per Cent. Debenture stock is 94 95.
American Five-Twenty Bonds are now 74i 75 ;
but those of 1885 and the Ten-Forty Bonds are 73-1
73k, and 72k, 72 respectively.
Atlantic and Great Western Railway Debentures
are 41i 41., and the Consolidated Mortgage
Bonds 434 44i, showing a decline of 4 in the
latter. Eries show a full advance of if, at 261
271 ; and Illinois Central Stock is unchanged at
954 951.
In Bank Shares nothing doing, and in M'scel-
laneous Shares we have no alteration to quote.
There were no gold operations at the Bank yes-
terday.
The last price from Paris yesterday was 70f. 50c.,
or Bc. higher than the previous day.
The City of Madrid Loan, contracted by Messrs.
Erlanger, of Paris, is for £1,700,000, in 425,000
bonds of £4 each. It is to bear 3 per cent. interest,
and is redeemable at par, with lottery prizes. The
issuing price is 60. The debt of the Treasury to
the Municipality is said to be more than the whole
amount of the loan, besides which they hold
£11,000,000 of real property.
The total imports of sherry from Spain for 1868
have amounted to 67,810 butts, against 63,397
butts in 1867. The principal shippers were :
From Xeres—Gonzalez and Byass, 6,243 ; M. Misa
5,574 ; F. W. Cosens and Co. (Xeres), 3,1 Port St. Mary, 1,785 ; total, 4,927 ; P. Garvey,
3,833 ; P. Domecq, 3,253 ; Mackenzie and Co.,
2,701; and from Port St. Mary—Duff, Gordon,
and Co., 2,143 ; and widow of K. Harmony and
Co., 2,104 ; all others being under 2,000 butts.
The directors of the Ocean Marine Insurance
Company will, at the annual meeting of the share-
holders on the Ist February, recommend payment
of £1 per share bonus, and ss. per share interest ;
also the usual ss. per share iu July.
The directors of the London and Provincial
Marine Insurance Company have agreeil to recom-
mend at the general meeting on the 4th February
the payment of interest for the half-year ended the
31st of December at the rate of 10 per cent. per
annum.

It is stated that the meeting of creditors and
shareholders of the Commercial Bank Corporation
of India and the East, directed by the Master of
the Rolls to be called to consider the proposed ar-
rangement, will be held on the 18th and 19th inst.
Mr. Ilolyland, the official liquidator, has sent to
each creditor and shareholder a copy of a report he
has prepared setting forth the present position of
the liquidation, and the grounds upon which it is
desirable the proposed arrangement should be con-
firmed.

The Canadian papers contain advertisements
from the Intercolonial Railway Commissioners for
tenders for the construction of four sections of that
road two in Quebec, connecting with the Grand
Trunk at Riviere du Loup, one in New Brunswick,
near Dalhousie, and the four in Nova Scotia. The
sections are from 20 to 26 miles in length.
The advices from British Columbia state that the
Legislature of that province was opened on the 17th
of December at Victoria. Governor Seymour, in
his Message, intimated that the question of confe-
deration is stationary at present, pending the
settlement of the Hudson's Bay Company's claims.
At the same time he congratulated the colony upon
its improved condition and encouraging prospects.
By the Brazil mail, arrived yesterday, a state-
ment showing the position of the Treasury has been
received, made up to the 30th of November last. It
appears that the Government had availed them-
selves to a very limited extent of the power granted
by the decree of the sth of August for the issue of
40,000,000 reis paper currency (at 17d. exchange,
£2,833,333), the total put forth having ,been only
2,000,000 reis (at 17d, £141,666), and the expenses
of the war having been met by the 6 per cent. loan
subsequently issued at 90 for the sum of 30,000,000
reis (at 17dd., £2,125,000.) This loan is quoted at
7i premium, and the interest upon it is guaranteed
to be paid in gold, the principal also being redeem-
able in gold. The Government had likewise issued
6 per cent. bonds in currency, realising 6,114,300
reis (at 17d., £433,096.)
The following is from the Cape Copper Com-
pany :—" The company have despatches, per bi-
monthly steamer Saxon. No mining or other sub-
jects of importance are reverted upon. Bills of
lading are received for shipment from Cape Town
and Algoa Bay, ex coasters, amounting together to
249 tons."
The return from the Bank of England for the
week ended the 6th of January gives the following
results when compared with the previous week :--
Beet
Other de ,878
PuLlic deposits
P
On the other side of the account :
Qovernment securi-

ties ............. ... .£13,984,710
Other securities......Docroaso £140,164
20,646,496 ... koreaso 134,353
Notes unemployed_ 8,412,555 Increaeo 342,350
Subjoined is a comparison of the present position
of the Bank of England and the prices of Consols
and French Routes with the corresponding week of
last year :
The amount of notes in circulation is £24,024,495,
being an increase of £509,925 ; and the stock of
bullion in both departments is £18,519,361, showing
an increase of £73,503 when compared with the
preceding return.

Banio Week
last Year.
Bullion
Reserve
Notes in circulation 24,024,495 ... 24,233,855
Rate of discount
Celsols
French Rentee

At Present.

BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT FUNDS.:
8 per Cent. Consols
Ditto for Account,
8 per Cent. Ileducod 93 2i 31-
New 3 per Cent 42i 31
New 2i per Cent. Jan. 1894
Do. b per Cent, d au. 1873
Annuities, SO yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 —
Do (Red Sea Tele6raph), Aug., 1908.,, —Exchequer Bills, £I,OOO, 2 per Ct — p 1
Do. £5OO
Do. 4100 ?t 4200.mootimitil "" P