The Sun.
London, England, 1869-02-08 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE,

CITY, Two O'.
The transactions on the Stock ExchangeCLOCK to-day
were by no means extensive, yet prices were main-
tained for Consols, and, generally speaking, they
improved in the foreign. market. The rate of dis-
count remains unaltered, but loans for short periods
can be had at 21 per cent.
Consols are 93 If for money ; ditto, for Ac-
count, 93k ; Three per Cent. Reduced, 931 e ;
New T':ree per Cents, 931 1 ; Exchequer Bills
£l,OOO, 21 per Cent., —; Bank of England Stock,
4 per Cent., 244 3.
India Stock, 101 per Cent., April, 1874, —;
ditto 5 per Cent., July, 1880, 1121 ; ditto 4 per
per Cent., Oct., 1883, ; ditto Debentures, 5
per Cent., Aug., 1873, 1041.
In the Foreign Market Peruvian Stock has
gone up Iper cent., Argentine 5, Italian, Orel
Vitebsk, and Turkish I. Prices are now as fol-
lows :—Argentine, 77 to ; Brazi:ian of 1865,
824 to ; Chilian of 1867, 931 to 914 ; Egyptian
of 1864, 87 to 88 ; ditto of 1868, 734 to 0 ; Italian
of 1861, 554 to ; ditto Tobacco Loan, 41 to 54
prem. ; Mexican, 151 to 1 ; Peruvian of 1865,
77k to ; Russian of 1866, 92 to 3 ; ditto
Nicolai, 67 to f ; ditto Orel, 814 to a ; ditto
Moscow, 794 to 801 ; ditto Charkof-Azof, 801
to a ; Charcow-Krementschug, 801 to Spanish
of 1867, 304 to 31 ; Turkish of 1858, 653 to 66f ;
ditto of 1852, 641 to 65 ; and ditto of 1865, 394
to 40.

In railway stocks London and North Western
Brighton, South Eastern, and Caledonian have im-
proved + to + per cent, I ut Metropolitan have gone
down +. Prices are quoted as follows :—London
and North Western, 1198 to ; Great tWestern,
53+ to ; Midland, 1198 to ; Great Western,
531 to ; Midland, 1188 to 119+ ; London and
South Western, 90 92 ; Great Eastern, 428 to
44 ; Brighton, 514 to 52+ ; South Eastern, 821
to 83 ; Metropolitan, 1098 to 1101 ; Great North-
ern, 112 tol ; ditto A, 111 to 1; Caledonian, 808 to
84 ; and London, Chatham, and Dover, 174 to 18.
American 5-20 Bonds are at 768 to 8, being 8 per
cent. better; Erie Railway shares, 25 to 4, showing
a decline of ; Illinois Central, 931 to 94 ; Atlan-
tic and Great Western Debentures, 37 to 39 ; and
the Consolidated Mortgage Bonds, 394 to 40+, a
rise of 1.
In Bank shares Imperial Ottomans have risen
108., the present price being 2+ to 1 prem. Anglo-
Austrian, 14 to 121 prem. ; London and County,
50+ to I ; London Joint Stock, 314 to 32+ ; Lon-
don and Westminster, 614 to 4 ; and Union of
London, 34! to 351.
In Miscellaneous Shares Anglo-American and
Atlantic Telegraph Eight per Cent. Preference are
quoted 22+ to s and 4 to + ; National Discount,
14 to !, ex div. ; General Credit, 1 13-16 to 11-16
International, 1 ato 1+ dis. ; Hudson's Bay, 13+ to
; and Telegraph Construction, 17+ to 4.
The sum of £40,000 in gold was taken from the
Bank on Saturday.
The lianamonia, from New York, has brought
481,300.
The dividend of the London and North Western
Railway has been announced at the rate of 61 per
cent, per annum, as against 5+ in the previous
half-year, and 6+ for the corresponding half of
1867,

It appears that the public are again to be annoyed
by proceedings in Chancery against the Metropoli-
tan Railway Company, which will, of course, lead
to fluctuations in prices, and probably terminate
as the other suit did. Fresh dissensions will also,
it is stated, be endeavoured to be provoked at the
Caledonian meeting ; it is hoped it will not be suc-
cessful. It is time all these depreciatory move-
ments should be stopped if the value of railway
share property is ever to be re-established.
The Mexican Railway Company (Limited) have
invited applications for the unsubscribed portion of
their Class A Mortgage Bonds, being 8 per cent.,
and be to issued at the price of 85. The works have
been resumed upon the Puebla Branch, for the
completion of which, by the end of June next,
Means have been provided.
Advices from Paris state that M. Magne, the
Minister of Finance, has announced to holders of
Mexican Bonds that they will receive an instal-
cleat of sf. 82c. in Rentes, and 3f. 82c. in cash
upon each bond ; and upon each debenture issued
137 the Mexican Government, and bearing 6 per
cent. interest, au instalment of 3f. 88c. in Rentes,
and 2f. 40c. in cash. The date for these payments
haTheB not yet been fixed.
National Bank of Greece announces the
payment from the 6th February of 69} drachmas
as dividend of the second half of 1868. The sum
banearly 14 per cent, on the capital, and the
uank, it is said, augmented last year its reserve by
233,005 drachmas, making the total 6,689,731,
the total being 15,000,000. The dividend is to be
Paid at Paris by Messrs. de Rothschild.
According to a circular of Mr. F. M. Page, the
BPecie shipments to the East, via Alexandria,
mole
last year to £10,189,904, against only
P 1659,154 in 1867, which was the smallest shipment
',ll°Nvil for many years past. The highest total ever
_%tained was in 1864, when in consequence of the
cirtion of the American cotton supply it reached
ha2l8)189. For the last nine years the average
ac £13,933,000. Of the increase of 61 millions
1868 over 1867 the excess to Alexandria
no; a„biult 3‘l millions—a circumstance attributable
the Yto the Egyptian cotton crop, but partly to
AiatriigelJan advanced to that country.
,;ktecie is to
°llg4 tart of the present heavy drain of
'hief
of
for cause has bt..
the "A
-Ist for cotton and other produce,t.
n the large recent importation
unde:r securities. Within the past fortnight it is
have ha °LI that £lOO,OOO oc Egyptian bonds alone
*While :11 StAi from Paris on the, London market,
Of
.the saue time heavy me sales have been made
Pantsh and other descriptions. The payments
oa the lateeont,.;l, Russian Railway loans have likewise
cian:"llted to the outflow. Under these cir-
chtiostances the country is in a better con-
ha,,, than would be the case if the drain
u been
Cotton created by an he
expenditure.
and silk and foreign bonds are just as good
If as gold in th
e en. power of influencing the exchanges.
e_4141 rate of discount were to ttu in-
bua venient point, they would be sent away to bring
ek the sinnedgold the withdrawal of which had occa-
aio the upward movement. Although we occa-
cally take foreign securities in wholesale amounts
such as no other nation would venture upon, there
t.„e almost invariably an investment demand from
ee'ir, Continent by which they are gradually ab-
ee:decl at prices that leave us a good profit. The
ther itions now operating on the money market are,
tiohef°re, not such as need create any expecta-
tie`e'eof a disturbance of its steady state. The ten-
, but only to a healthy extent.

NRITISEI FUNDS—TWO O'CLOCK.
a (GOVERNMENT ruNDS.
93 li
Per Cent. Consols
931-
8 Ditto for Account, ........
93i 1
Per Cent Reduced
N._
New
~ .
93f
5 Per Cent
1Y 2i per Cent. Jan. 1894
_
A I)°* 5 per Can ) an. 1873
-`tintiltieß, SO yrs, expire sth Jan., 1880 —
bo. for 3 expire sth April 188 a —
t._D.o (Ited Sea;6raph), Aug.; 1908 —
1,111
_
4c4orpir Bills, .£l,OOO, 2ilper Ct.
bp.
..£5OO
Do.
Pm
tank ZlOO & <£2oo ,
244 3
of England Stock, 4 per Cent
IN. account .
_—
ea,:,,,,, . . • , .........
ci•ft A* pei Cent. Bonds
Inter-Colonial Otnniuna
Imialr
triia! GovERNMENT BECu. R.I.TLEAS _
(hilt, 10f per Cent., April /I.oi 4
oo ~ • Opening, for Account
112 i i
4 Do• 5 poi- Uttiat..f uly, 1880
_ _
Do.D
,o. p(x. Cent., Oct. 1888
Certificates . -
Do. Enfaced 1'ape.,..4 per C.nt
_
Po. 5 per CeDt., Jan. 1872
_
,"°. Si per 0-:?
it. 'May 1;79
_
'us) 5 per Cent., Rup. Deb. 1872
Do
do. 1877 —
, Do.
do. 1882 _
041
1 a
"). Deb., 5 per Cent., Aug. 1873 ~
pm
1)0Do. Ronde, 1 per Cent , £l,OOO I
. under .fl,OOO .. *
POREIGN IT ..... —T WO O'CLOCK
4rgntine Republ 6 per Cent ...... 77 i 617';
A N., Scrip £45 paid ..
Q.O Arian Ronde 5 per cent .
...
4 ".1.1
3)9. 1M ........ s