The Sun.
London, England, 1869-09-11 00:00:00

MONEY MARZET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocx.

The markets to-day are all steady, but without
much feature beyond the opening arrangement of
the settlement. Continental news is more favour-
able. Home Securities have a stronger tone: In
the Railway Market Erie shares show a rise. The
rate of disz.ount is firmer at 28 per cent.
Conso:s are steady at 928 to 921 for money ;
ditto, for Account, —; Three per Cent. Re-
duced, 911 ; New Thee per Cents, 911 ;
Exchequer Bills £l,OOO, March, prem. ; June, 8
prem. ; ditto £lOO, £2OO, and £5OO, March,
Prem. ; June, 10 prem. ; Bank of England Stock,
4 per Cent., 215.
India Stock, 10} per Cent., April, 1874, 211 ;
ditto 5 per Cent., July, 1880, —; ditto
per Cent., Oct., 1888, 991; ditto Eufaced
Paper, 51 per Cent., 1101.
\\ ith the exception of a decline of 1 in Charkof,
to 804, and Orel to 842, there is a steady business
in Foreign Stocks, and prices are steady with
apparently an upward tendency. Mexican are 1
better,
at 111 ; Egyptian (1864), 90 to 91 ; ditto
(1868), 75 to 751 ; Viceroy Sevcn per Cents., 79 to
791; ditto Nine per Cents., 97 to 971 ; Argentine,
79 to 791 ; Italian, 511 to 511 ; Peruvian, 781 to
to 791 ; Spanish, 27 to 271 ; Turkish Five per
Cents., 40k to 41; and the Six per Cents., 64 to
65.

The Railway Market is a shade firmer. Berwick
are better, and South Eastern, Midland, London
and North Western, and Caledonian each. The
following are the prices current :—Caledonian,
821 to 821 ; Great Eastern, 371 to 371 ex div. ;
Great Northern, 102 k to 103} ex div. ; Great
Northern (A), 100 to 101 cx div.; Great West-
!rill 531 to 541 ; Lancashire and Yorkshire,
425 to 195} ex div. ; London and Brighton,
441 to 45 ; London, Chatham, and Dover, 16k
to 16i ; London and North-Western, 116 to
3.. .161/ ex div. ; Metropolitan, 871 to 871 div. ;
117 to 117 k ex div. ; North-Eastern
(Berwick), 114} to 114 f ex div. ; and South Eas-
tern,
76 to 761 ex div.
The principal feature in American Securities, is
4 further advance of 11 in Erie Shares, the price
being 26 to 27. Illinois are also 1 better at 94} to
951. United States Five-Twenty Bonds are 1
better 114 to 112.
In Telegraph Shares French Cable continue firm
at 171 to 17i. Anglo-American is steady at 204
t° 201. Telegraph Construction and Maintenance,
29 tJ 291.
Business in Bank Shares is unimportant, and
Prices are without movement. Agra (A), 11 to
111; Alliance, 121 to 131; Anglo-Austrian, 11 to 14
PAreLn• ; Chartered Mercantile, 32 to 33 ; Consoli-
dated, 4k to 4i ; Imperial, 16 to 17 ; Imperial Ot-
t"lan, 11 to 2 prem. ; London and County, 49 to
, London and Westminster, 55 to 56 ; Orien-
tal, 421 to 43f ; London Joint-Stock, 291 to 001 ;
and Union of London, 341 to 35f.
At 111anchester the only branch of the market
Which shows any improvement is that for shipping
Yarns, for which prices have been given by shippers
I descrip-
tionshieh they refused on Tuesday. In some y, of these yarns a rather considerable business
has been done. In yarns fur home trade consump-
"cia there has been a little mure inquiry, and a fair
`'mount of offers have been made, but at prices
Which sellers are not disposed to accept at present,
being in many instancts id. per lb. lower than
they want. In the cloth-market we have a very
d
ePressed state of things since Tuesday. Some few
_.offers have been made certainly, but at prices in-
dicating a very serious decline apou the rates
quoted by manufacturers. In some few cases these
offers have been accepted, but the business effected
under the circumstances has not been large. It
an undoubted fact, however, that values in India
gecKis and the better description of T-cloths,
which have been accumulating in stock for some
time past, are decidedly lower; that kind of irre-
gularity of the market which usually accompanies
depression makes it difficult to form any estimate of
what the decline really is. 10-day there is still an
absence of any healthy demand for goods, but sonic
few speculative offers are still in the market. We
do Lot hear of much business having been done at
the rates indicated, and our market closes with a
'Very depressed feeling.
A telegram from New York announces that the
Erie Railway Company have deposited their stock
register with one of the Trust Companies of New
-01‘ntk, in compliance with the requirements of the
'weard of Brokers, and that an advance of $4 per
"hare had ensued, owing to the amount proving to
he less than had been apprehended.
The report of the London Bank of Mexico and
South,, America (Limited), to be presented on the
`3t inst., shows an available total of £19,145, iin-
cluding a p
previous balance of £2,120, and recom-
mends a dividend of 16s. per share, or at the rate of
a_P,er cent• per annum, which will absorb £14,409,
thus
the addition of £2,000 to reserve, which will
caanst be raised to £lO,OOO, leaving £2,736 to be
bankrled forward. The deposits held by the
, are £193 797 and its notes in circulation are
64905.
"
been without The colonial produce markets this week havbeene
important alterations and transac-
tions in several articles are restricted through the
ArtuTaratively small assortment in the public sales.
vitolvals having been extensive with the change of
1,10 'eh the regular supplies will shortly be resumed.
chief, ange can be quoted in coffee, the public sales
Annil enn3Prising Costa Rica and East India.
r cargo of the latter has arrived, and nu-
ha. 14 vessels from India and Colombo. Sugar
-"" experienced a good demand from the refiners at
trona advance of fully 6d. per cwt., and the recovery
ewt. ariclrtnight since is in some cases is to Is 6d per
5e1,e,,,,1°-day a quieter tone pervades the market.
rates,' Parcels Manilla have changed hands at full
quotations.
grocery Porto Rico obtains very high
dea,. I°ll3. Floating cargoes of foreign are also
4er.
Of amp_
4uoNetherland Trading Company's sale
back On the 23d instant will contain 28,300
eta,
pepller against 49,000 baskets last year. Black
de ,„ 13 again rather higher. The speculative
"'and fBoto A or nutmegs has resulted in an advance of
tinh. Per cent. upon the lowest rates at the be-
ani ainc,
of the year. In the tea-market a want of
t
arron.
in is prevalent. The steamer Nestor has
revrest • Shanghai, and the trade have chiefly
AL rih
eted
theirt purchases to the fiavoury qualities.
Vitho c Public sales some new season's congou,
Price rea
• 4 f medium
, was sold at lower rates, and the
gradesegul
by private contract are
are advr' New season's teas by the last steamer
da ertised for sale without reserve" on Mon-
lnj ac ti aczt. Cotton is rather lower. Rum has been
hey ve
e tni and, at a further recovery. Saltpetre
et wih
a limited demand.

„
(,"013til: 'SU FUNDS—CLOSING PRICES.
Per 0,,uND0.;
t„, ut. Consols
%,.1,4,"•00_of Account, Oct. 6.
.New 3'''''''. Iteduced 9ll i
.01 Per Uerit
ow 2
911
to. i Per Cent. Jan. 1894
killatiit. Por Cori Jan. 1873
Do. 300f01e,,8 yrs, expire sth Jan., 1880 —
Do ft,' yra, expire sth April 1885 —
k.kth, "A Sea Telehraph), Aug., 1N)8 —
D,u(lnzr Nile, Xl,OOO, 2i p. Ct. March
Do.
3 do. Juno 8
%ilk ,f , £lOO, .£2OO & .£5OO lO Pin
13 E.egland Stock, i per Cent -
I4ll4(l,°l'elling... .......
nto, ....4

0 , r Ceut. Bonds
1-oial Ununiuu
lua ''.rock, 10i per Cent,
1„ ~•Nblo
ut'OVltN7l.l:24l' BECIIRITI,
~o• Opeuirpv, for Account
—°' 5 per (rent. July, 1880
13 e April 18,4 --
991
o' 4 Pet- Uent., Oct. 1868
plo. eertificateß ............ ;,"—: ************
----
; 0. tufaeed Pape,. 4 per t.,eu,
. 5 per Cert., Jau. 1872 ""
1)0 ci
---
n s. .-1- per ('it. May 1579
--
..._
.%)
1877
—' 5 per ()NIL, Rop. Deb. 1872
do
_
. Do.
do. 1882
_
••,;•:, eb., 5 per Cent., Aug- 1873 ...."
Pro.
:.0.1:louclas per Cell., £l,OOO
1)0. euder .£l.OO A ifOIIEIGN FUNDB—CL
_
""Nelltitie _Republic, 6 per Cent •••
Ititrian Bolide; 5 er cent .•
_
PRICES.
OSING
zfl Do
Cent 9
tr • •
_
4--utzi 6 per