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

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocir.
Business was rather active to-day, and prices
limn, and the improvement extended to Railway
Stocks, but Foreign Securities were, generally
speaking, dull. In the house 21 is charged for
loans, and 2 to 4. for discount.
Consols are 93 I/ for money ; :ditto, for Ac-
count, 93 4.; Three per Cent. Reduced, 931 f ;
New 'Three per Cents, 938 1 ; ditto 21 per Cent.
'NM, 1894, 741 ; 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 per Cent., April, 1874, 211 ,
ditto 5 per Cent., July, 1880, 1121 4 4 ; ditto 4 per
Per Cent., Oct., 1888, 1021 4. 1 ; ditto Enfaced
raper, 5i per Cent., May, 1879, 1401 ; ditto Bonds
under £l,OOO, 21 prem.
in the Foreign Market Turkish (1862) improved
Per cent. ; ditto of 1365, 8 ; Argentine 8 ; and
Orel Vitebsk, Prices are now as fol-
lows:—Argentine, 773- to 0 ; Brazilian of 1865,
821 to 831 ; Chilian of 1867, 94 to 1 ; Egyptian
of 1864, 87 to 88 ; ditto of 1868, 738 to 4. ; Italian
of 1861, 554. to 8 ; ditto Tobacco Loan, 5 to 54.
prem. ; Mexican, 151 to f ; Peruvian of 1865,
7cB to 77 ; Russian of 1866, 92 to 93 ; ditto
Nicolai, 67 to 8 ; ditto Orel, 818 to 82 ; ditto
Moscow, 791 to 801 ; ditto Charkof-Azof, 801
to 4 ; Charcow-Krementschug, 801 to 1 ; Spanish
of 1867, 30i to 31 ; Turkish of 1858, 654. to 664. ;
ditto of 1852, 641 to 651 ; and ditto of 1865, 404
to I.

In the railway market Metropolitans have risen 2
per cent. Caledonian, 1 ; and Brighton, a ; but
London and North Western and Great iWestern
have receded The prices are as follows :—London
and North Western, 119 f to 2 ; Great Western, 53 to
I ; Midland, 1182 to 119 ; London and South
Western, 91 93 ; Great Eastern, 424 to 432 ;
Brighton, 52 to 522 ; South Eastern, 82k to 822 ;
Metropolitan, 1101 to 1102 ; Great Northern, 1122;
ditto A, 111 to ; Caledonian, 812 to 82 ; and Lon-
don, Chatham, and Dover, 171 to S.
.American 5-20 Bonds are quoted 76f to 2 ; Erie
Railway shares, 25k to 2, being better ; Atlantic
and Great Western Debentures, 37f to 39 ; and
the Consolidated Mortgage Bonds, 40 to k.
In Miscellaneous Securities National Discounts
are 111 to 2 ; General Credit, 12 to 12 dis. ; Inter-
national, 12 to 1a dis. ; Hudson's Bay, 134 to 2 ;
Telegraph Construction, 18 to 1; Atlantic Tele-
graph Eight per Cent. Preference, 41 to 1; and
Anglo-American, 221 to k.
In bank shares Anglo-Austrian are 10s. better,
at 121 to 2 prem. ; Imperial Ottoman, 22 to 4 prem.;
City, 111 to 2, ex div. ; Imperial, 161, to 1711
ex div. ; London and County, 501 to 2 ; London
Joint Stock, 321 to 4, ex div. ; London and West-
minster, 612 to 622 cx div. ; and Union of London,
342 to 351.
At the 11th ordinary general meeting of the
London and South-Western Bank, held to-day, a
dividend at the rate of Gs. 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
referred 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 Alini,ter
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-
+On-fled 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
rights and obligations of both sides. The Mexican
Government is desirous to concede all that is
]ust and equitable, but cannot recognise the vali-
dity of the engagements entered into between
the bondholders and " Maximilian," nor accept
the obligation of paying interest during the
period when the bondholders accepted other
boebtors. His Excellency also considers that, the
bondholders having, by their recognition of the
previous Government, given a certain moral sup-
port
,to an intrusive and unfriendly autho-
of Y' 't is only natural they should bear a share
WT
the consequences resulting from the prolonged
Z, -I
should grant to Mexico the necessary
legitimatetoU enable it to resume payment of its
4
_ debts. But, even should the basis of
Win Bettlernent be agreed upon by negotiation, it
be
necessary to obtain the consent of Con-
in4 I.ess before such an arrangement could be carried
to effect.
The despatch concludes by pointing
Out that it is advisable the representative of the
citiesticin
13°1clera should have authority to decide any
a that may arise, and that to the want of
that full
!ttributedauthorisation in the present case must be
fins any delay which may take place in the
settlement.
itaTphe directors of the London and South-Western
pried have resolved to recommend to the pro-
-I.9"tcc°.ra, at the half-yearly general meeting on the
ill Inst., that the dividend for the half year end-
cent 31t Dec.,
1868 should be at the rate of 51- per
414. Per the
co_ annum on the ordinary capital stock of
Wards 153PanY, carrying forward a balance of up-
of £17,500.
The dividend of the Mwryndy Iron Ore Corn-
pat„
kcif 18 at the rate of 3s. per share, the West
stare
and Pacific Steamship Company 14s. per
t_ :or at the rate of6k
per cent for the half-year,
tie oheffield Banking Company 12 per cent., and
°Ycla) Banking Company at the rate of 110 per
per annum.