The Sun.
London, England, 1869-02-09 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.
Business was rather active to-day, and prices
arm, and the improvement extended to Railway
Stocks, but Foreign Securities were, generally
speaking, dull. In the house 2 is charged for
loans, and 21 to for discount.
Consols are 93 g for money ; :ditto, for Ac-
count, 93 ; Three per Cent. Reduced, 931 1;
New 'Three per Cents, 938 I 1 ; ditto 21 per Cent.
Jan, 1894, 74:1 ; Exchequer Bills £l,OOO, 21 per
Cent., 6 prem ; ditto £lOO, £2OO, and £5OO, 11 6 ;
Bank of England Stock, 4 per Cent., 242 4.
India Stock, 101 ner Cent., April, 1874, 211 ,
ditto 5 per Cent., July, 1880, 1128 1 4 ; ditto 4 per
Per Cent., Oct., 1888, 102:1 1 4 ; ditto Enfaced
paper, 51 per Cent., May, 1870, 1401 ; ditto Bonds
Under £l,OOO, 21 prem.
In the Foreign Market Turkish (1862) improved
per cent. ; ditto of 1365, 1; Argentine s ; and
Orel Vitebsk, 4. Prices are now as fol-
-I"'s :--Argentine, 771 to 0 ; Braziian of 1865,
821 to 831 ; Chilian of 1867, 94 to 1 ; Egyptian
of 1864, 87 to 88 ; ditto of 1868, 73a to 8 ; Italian
of 1861, 551 to 8 ; ditto Tobacco Loan, 5 to 51
prem. ; Mexican, 151 to 1 ; Peruvian of 1865,
768 to 77 ; Russian of 1866, 92 to 93 ; ditto
Nicolai, 67 to 8 ; ditto Orel, 818 to 82; ditto
Moscow, 794 to 801 ; ditto Charkof-Azof, 801
to 4 ; Charcow-Krementschug, 801 to 1- ; Spanish
of 1867, 308 to 31 ; Turkish of 1858, 651 to 661 ;
ditto of 1852, 64 to 651 ; and ditto of 1865, 408
to -1.

In the railway market Metropolitans have risen
per cent. Caledonian, s ; and Brighton, s ; but
Loudon and North Western and Great IWestern
have receded The prices are as follows :—London
and North Western, 1194 to 4 ; Great Western, 53 to
; Midland, 1184 to 119 ; London and South
Western, 91 93 ; Great Eastern, 424 to 431 ;
Brighton, 52 to 524 ; South Eastern, 824 to 821 ;
Metropolitan, 1104 to 1104 ; Great Northern, 1124;
ditto A, 111 to 4 ; Caledonian, 811 to 82 ; and Lon-
don, Chatham, and Dover, 171 to 4.
American 5-20 Bonds are quoted 764 to 1 ; Erie
Railway shares, 254 to 4, being 4 better ; Atlantic
and Great Western Debentures, 374 to 39 ; and
the Consolidated Mortgage Bonds, 40 to 4.
In Miscellaneous Securities National Discounts
are 114 to 4 ; General Credit, 14 to 14 dis. ; Inter-
national, 14 to 14 dis. ; Hudson's Bay, 134 to 1 ;
Telegraph Construction, 18 to 4 ; Atlantic Tele-
graph Eight per Cent. Preference, 44 to 4 ; and
Anglo-American, 224 to 4.
In bank shares Anglo-Austrian are 10s. better,
at 124 to 4 prem. ; Imperial Ottoman, 24 to 4 prem.;
City, 114 to 1, ex div. ; [mperial, 164 to 174,
ex div. ; London and County, 504 to 1 ; London
Joint Stock, 324 to 4, ex div. ; London and West-
minster, 614 to 624 ex div. ; and Union of London,
344 to 354.
At the 11th ordinary general meeting of the
London and South-Western Bank, held to-day, a
dividend at the rate of 6s. per share, free of in-
come tax, was declared.
The sum of £35,000 in sovereigns was withdrawn
from the Bank yesterday for Buenos Ayres.
The Ripon, from Alexandria, has brought
£B,OOO.
To-morrow will be " continuation day," and
the next two days will be occupied with the
arrangement of the account. It is not expected to
be a heavy business, though in some securities the
fluctuations have been extensive.
The Stock Exchange Committee have appointed
Thursday, 11th inst., a special settling day in the
Preferred and Deferred Ordinary Stocks of the
Metropolitan Railway Company.
It appears that the Committee of the Stock Ex-
change have decided to increase the terms for the
admission of members from 20 to 50 guineas ;
and for clerks from five guineas to ten guineas
Per annum.
The Mexican Bondholders' Committee have re-
ceived from their agent at Mexico copy of a com-
munication forwarded by the Secretary of State,
Senor Romero, on the subject of the bondholders'
claims. In this despatch the Republican Minister
acknowledges receipt of the various memorials ad-
dressed to him, and states that they have been
taken into consideration by the President at a
Council of Ministers. The bondholders are in-
formed that by entering into covenants with the
"usurper Maximilian" they have rescinded of
their own free will all the arrangements which
they
had made with the Government of the
Republic; and that it will be necessary to enter
into fresh stipulations to definitively settle the
lights and obligations of both sides. The Mexican
Government is desirous to concede all that is
lust and equitable, but cannot recognise the vali-
dity of the engagements entered into between
the
bondholders and " Maximilian," nor accept
'lle obligation of paying interest during the
Period when the bondholders accepted other
tdebtors. jlis Excellency also considers that, the
~_on previous Port Government, given a certain moral sup-
Po,to an intrusive and Unfriendly autho-
ocy2, it is only natural they should bear a share
Is:ar‘ne consequences resulting from the prolonged
and should grant to Mexico the necessary
re. to enable it to resume payment of its
legitimate debts,
aßut, even should the basis of
BementWirsettle be agreed upon by negotiation, it
6
ecets necessary to obtain the consent of Con-
before before such an arrangement could be carried
effect,
nut t The despatch concludes by pointing
hat it i
~, s advisable the representative of the
bondholders should have authority to decide any
tuestions that hat f,_, at may arise, and that to the want of
(411 authorisation in the present case must be
attributed
final any delay which may take place in the
settlement.
itz.ti'phe directors of the London and South-Western
~„,_.l,woa3r have resolved to recommend to the pro-
To"teht
.rs, at the half-yearly general meeting on the
inst., that the dividend for the half year end-
'2ld Dec., 1868, should be at the rate of 54 per
cent, Per annum on the ordinary capital stock of
1,„ ec)rnPany, carrying forward a balance of up-
dß ;
£l7 500
The si
dI• •
dend of the Mwryndy Iron Ore Com-
x„_,Y Is at the rate of 3s. per share, the West
muta,
here,
Pacific Steamship Company 14s. per
hs) or at the rate of 64 per cent for the half-year,
e e_
Weld Banking Company 12 per cent., and
Ids
Banking Company at the rate of £lO per
Per annum.
BRITISII FUNDS—CLOSING PRICES.

$ per (°I%RX/4En lrusns.
93 1
yCnt. Consols
93 1
I Ditto for Account, .........
931
New
Cent. Reduced
93i ± 4
"-ii.eew per Cent
1.11 zit per Cent. Jan. 1894
'''°' 6 per Can J an. 1873
Annuitie, 30 Yrs, expire sth Jan., 1880
,
ED.„o• for 30
Sears, expire sth April 188"
.1-
iu.,(3 (ilea
&r), Aug., 1908 6
Pm
Do
Bills, xl,OOO, 2i per Ct.
bo.
11 6
.C5OO
Dn.
_
B £lOO & £2OO
242 4 pm
his'. of Ellgland Stock, 4 por Cent
p ' Recount ..
'tlaclk 4 r Ceut Bonds
Illter-ColoP:ial Orn.nturn
11into Ci
'T SECURITIE*6.
211
Itilla $,, "BRNMEI'
-1 Ig-,4 .
„ . Lock, 10f per Cent., Apri *-1
o• Openin, for Account
- 1
112 i I 4
,;°. 5 per Cnt. July, 1880
102± i i
'-'„. 4 Per Cent., Oct. 1888
"0. Certificates
RoDo. tnfaced Pap,'i 4 per Cnnt
• per Cer:t , Jan. 172 •
1101
". Si ner C- .t
XI 187'1
r, . • --i . Slav
',-) 5 pez Cent., Rup. Deb. 1'7.)
Do
do, P 77 —
Do.lDo
Cent.,
1882 _
D.; Deb , 5 per Cent., Aug. 1873
pm
1104(i., 4 per Cent .£1 100
~ ,
'2l
0. under. Xl,OOO

r°ItEIGN FUNDS—CLOSING
Argentine Republi, 6 per Cent
Do., Scrip X 45 pnitl .. ...... .
7-r; I:t 18C Ei S .
Anitrian bonds 5 per cent
t Do. 1859
Do•rktiliml 6 per Cent
Coo. 4i per Cent 18.52
. do. " 1858--
"0. do
18';(% ........
Do do.'
D ~
1363......,,'
t,°.. per Cent. 1865
i.u. 0 Account .. '
84)i
..4
1.,61108 Ayres 6..p.e•r Cent.
41° 2 Per Cent. (Deferred 3 per Cent.)