The Sun.
London, England, 1867-12-24 00:00:00

MONEY MARKET

AND

nOMMERCIAL (.NT.E"-,t4A,Gßai%..lh,

TWELVE O'CLOCK.

In the general discount market there continues
to be a moderate inquiry for accommodation, and
owing to the preparations made to meet the en-
gagements due at the close of the year, the rates de-
manded are a shade firmer, being, with a few ex-
ceptions, fully equal to the Bank minimum of 2
per cent.

An extraordinary general meeting of the mem-
bers of the Mauritius Land, Credit, and Agency
Company (Limited) will be held at their office, 25,
Penchurch-street, on Monday, the 6th of January
next.

The Master of the Rolls has appointed Mr.
Arthur Cooper, of the firm of Cooper Brothers and
Co., previsional official liquidator of the National
Provincial Insurance Company (Limited.)
The report of the Mexican Railway Company
states that in conformity with the authority con-
ferred on the board by the resolution passed at the
meeting special powers were forwarded to Mr.
Eustace Barron for the purpose of enabling him to
enter upon the consideration of the relations of the
company with the Government of Mexico. These
powers, forwarded on the 14th August, were not re-
ceived inMexico till after the decease of that gentleman
to whom they were addressed. The principal points,
however, calling for reconsideration, had been fully
and amicably discussed by Mr. Barron with the
members of the Mexican Government before the

fatal issue of his illness ; and it only remained
for Mr. Kirkpatrick, the agent of the com-
pany, formally to give effect to the con-
clusions arrived at, under his general powers
as agent, and the special powers sent to him
on the 14th October after the board bad received
advice of Mr. Barron's death. The result of the
negotiations has been communicated by Mr. Kirk-
Patrick to the board in a message of the 28th of
November fiom Mexico, by way of Ilavannah, to
the following effect The grant was signed yes-
terday (that is on the 27th November) on very
favourable terms."

Upwards of £600,000 will shortly arrive from
America in specie, and a continuance of shipments
are expected at the commencement of the new year.
The arrivals of late have been sufficient to meet the
demand, but it is likely, from all appearances, to fall
off, and consequently a large portion will be
sent to the Bank of England. _ln the bullion
market there has been great quietude, and
the prices annexed show no material change :
Bar gold, 775. Sid. per oz. standard ; do., parting,
788. per oz. standard ; doubloons, Spanish, 765. to
775. per oz. ; do., Mexican and South American,
73'. 9d. per oz. ; United States eagles, 765. 3d. per
oz. ; bar silver, ss. Id. per oz. standard ; do., con-
taining gold (5 grains and upwards), ss. ld. per oz.
Standard; dollars, Mexican, 4s. 108 d. to 11d. per
oz. ; cake silver, ss. skd.
Messrs. W. J. and H. Thompson's Overland Cir-
cular of colonial and foreign produce dated to-day
states as follows :—" There has been a continued
want of activity in all commercial transactions, but
the colonial produce markets close with a steady
appearance, and quotations are fairly supported.
Rather more enquiry prevails for sugar. Low de-
scriptions have occasionally sold at prices slightly
favourable to the buyers. These now attract some
attention. Stocks have again experienced a de-

crease, being smaller than for many years
past. There has been a sudden pause in the
demand for coffee, and the market is very
quiet. Common kinds have sold at rather easier
rates, while good to fine qualities keep firm. Rather
more inquiry prevails for Bengal saltpetre at the
low price now ruling. The only changes in spice
have been a furthrer reduction in the price of com-
mon Cochin ginger, and an advance upon African.
Black pepper supports its former position, and
the stock is smaller than for some years past, but
the demand is still inactive. White is rather quiet at
slightly lower quotations. Silk, although firm, meets
With less inquiry than at at the date of our last.
The demand for cotton has fluctuated, and the
market closes flatly, owing to the advices of large
receipts at the American ports. During the fort-
night the tea market has continued without any
Improvement whatever, and business is now gene-
rally closed for the year. A few sales of green teas
have been made at full prices, but the tendency of
late has been towards lower rates.

Two O'CLOCK.

Business in the English Stock Market continues
very inactive, many of the dealers having closed
their accounts for the holidays, and there is no
change of importance to report in values. Consols
for money are at 92-1,- , and for the account they
are marked 92} I.
The New Threes and Reduced Annuities are
921 ; Exchequer Bills, 255. to 295. prem. ; India
5 per Cents., 1111 ; ditto 4 per Cents, 1001 ;
and ditto Bonds, 45s and 40s prem.
Business in the Foreign Department of the
stock Exchange is very restricted, operators being
Principally engaged in closing accounts for the
holidays as well as for the end of the year. Italian
have declined 1, to 441 45 ; and Spanish Passive
to 251 26 ; but Greek have advanced 4, to 12} 13 ;
Mexican remain at 154 ; Turkish 5 per Cents. at
331 ; and Spanish 3 per Cents. at 361.

A very limited amount of business has been
transacted in the Railway Share Market, but
prices generally are a shade firmer. Midland have
advanced ; Lancashire and Yorkshire, f ; Great
Northern and Metropolitan, each 1 ; and Calede-
zian, 2 ; while North-Eastern (Berwick) hue each
declined i•
The Foreign and Colonial lines exhibit little
variation. Dutch Rhenish have declined to 20k,
Great Western of Canada have improved to 16i 17,
and Grand Trunk of Canada declined to 15i 16g.
Great Indian Peninsula remain steady at 109; i•
Miscellaneous and Finance Shares are flat. At-
lantic Telegraph 8 per Cents. have declined to
88i t, and Telegraph Construction and Maintenance
to 14i 15 ; Anglo-American Telegraph remain
steady at 19.
Atlantic and Great Western Railway Deben-
tures have declined , to 21 22, and the Consoli-
dated Mortgage Bonds, to 18} 19.
The New Portuguese Loan Scrip continues firm
at 1 prem.

In American Securities:Erie shares have advanced
C to 49 50, and Illinois 1, to 88 89 ; while United
States 5.20 Bonds are steady at 721 f
The New Honduras Loan is firm at 11 2 prem.
Bank shares remain very inactive Bank of Aus-
tralasia have declined to 611 ; London and West,
Illinster improved to 681 1 ; London Chartered of
Australia to 23; ; and Union of Australia remain
hteady at 51k.

BRITISH FUNDS—TWO O'CLOCK.
, DOVE RNMENT FUNDS.
" Or (Join. Consols
Do. Account,
,
ZPer Cent. Reduced 927 1
Now 3 per Cent 921 1
w 21 per Cent. Jan. 1894 —
1)0. a per Cent.oan. 1873 —
—Amities, 80 yrs, expire sth Jan., 188 c —
Do. for 30 yrs, expire sth April 1885 —
1. "0 (Red Sea Tele6raph), Aue,., 1908 —
`',eliequer Bills, £l,OOO, 2 & 21 per Ct 25 9 pin
Lo £5OO _— pin
, Do. £lOO & £2OO — pia
'lL.kit
Of England Stock, 41 per Cent —
-uO. ccount
1 INDIAN LIOVERNMENT SECURITIES.
n'Aiarl .'took, 101 per Cent., April 1874 —
'-',„O. Account
"0. 5 per Cent. July, 1880
O. 4 per Cent., Oct. 1888
Do. Certificates
Do. Enfaced Paper 4 per Cent
80. 0
°. 0 per Cent., Jan. 1872
D'!•sl.- per Cent., May 1879 —
°. 5 per Cent., Rep. Deb 187.) —
Do, ~
do. 1877 —
Do. do. 1882 —
no1)0 Deb. 5 per Cent., Alio.. 1873
. Bonds, 5 per Cent., .£17,000
. under £l,000
raItEIGN FUNDS—TWO O'CLOCK.
4.4,:u°7°lltine Republic, 6 per Cent — .tsr:7trian Bonds
4,, 5
,ilian 5 per Cent per Cent. 1859
°. q- per Cent., 1852-SS-60
Do
ID % - ' I8';3
,
-• a per Cant.., i.z...'",
Jo Account
1)0. XlOO ii,,,is

7G I