The Sun.
London, England, 1868-01-07 00:00:00

MONEY MARKET

AND

aOMMSROIAL INTELLIGENI,E,

CITY, Two O'C LOCK.
According to Reuter's telegram from Paris to-
day, the French Rentes were 68f. 90e. Firm.
The Funds are rather below the final prices of
yesterday from a few speculative sales based upon a
continuance of political apprehensions on the
continent, against which the public offer no resist-
ance by purchases. It is, however, held that
a portion of the dividend money will be reinvested
in Government Securities. In railways there is no
particular change. The heavy stocks are quiet,
and Caledonian has recovered, partially, from the
minimum prices of yesterday. Foreign stocks con-
tinue steady.

The discount market is quiet, and rates are tend-
ing downwards. The quotations for the best bills
is 1i to 1 per• cent. FrOm the Stock Exchange
the demand is only moderate, notwithstanding the
settlement.

Consols are about 1 lower, at 921 for money and
921 to 92f for account. New and Reduced Three
per Cents., 92 to 92i ; Bank Stock, 239 to 241 ;
India Five per Cents., 111 to 1111 ; Exchequer
Bills, 225. to 275. prem.
Foreign stocks continue to be favourably in-
fluenced by the better prices which come from the
Continent. Greek Bonds are better, at 12
to 13 ; and there is an advance of 1 in Spanish
Threes, at 341 to 34/ ; and in Italian 1861
Bonds at 41! to 42
_; Turkish (1865) are scarcely so
good, being 301 to '3O/ ; Mexicans are quoted 151
to 151 ; Portuguese Scrip, / to 1 prem. ; ditto Old
Stock, 371 to 38 ; Brazilian of 1865 are 75 to 76 ;
and Viceroy's, 71 to 72.

Atlantic and Great Western Railway Debentures
have declined 1, to 21 to 23 ; but the Consolidated
Mortgage Bonds remain steady, at 18 19.
English railways are without Firticular feature. As
a rule the heavy lines are firmer, while one or two of
the lower priced stocks are not so firm. Caledonian
rose 1; Brighton and Sheffield, 1; and Grea
Western, 1. South-Eastern, Metropolitan, and Great
Eastern are 1 lower, and Chatham 1. The quotations
are—Lancaashire and Yorkshire, 1221 122/ ; Mid-
land, 101/ 1021 ; South-Eastern, 67 to 67} ; Lon-
don and North Western, 1131 to 114/ ; Great
Northern A, 107 to 108 ; Great Eastern, 29/ to 301 ;
Great Western, 44 to 441 ; Brighton, 48 to 481 ;
Caledonian, 731 to 73/ ; Metropolitan, 1131 to 114;
Sheffield, 441 to 44/ ; and Chatham, 17/ to 18.
;
Great Indian Peninsular shares are firm at 106}
to 1071
but East Indian are flat, at 108 to 109 ;
Grand Trunk, 15 to 151 ; and Great Western of
Canada, 16/ to 161.
London and County Bank shares are 54 to 55 ;
London Joint-stock, 35 to 36 ; London and West-
minster, 70 to 72 ; and Alliance, 12 to 11 dis.

London Financial Shares are £1 lower, at 24 to
22 dis., and Hudson's Bay, 14/ to 14k.
_ _

The New Honduras Loan is steady, at to 1
prem. ex Coupon.

CITY, TWELVE O'CLOCK.
There were no bullion operations at the Bank o
England yesterday.
The Union has arrived from New York with
£204,000 in specie from New York, and the
Teutonia brings £3,721 for England.
The half-yearly meeting of the East and West
India Dock Company has been convened for the 17th
inst., for the purpose of declaring a dividend.
The numbers are published of 1,-237 bonds of the
Consolidated Peruvian Five per Cent. Loan of 1865,
amounting to £282,900, which have been drawn for
repayment at par on the Ist of April.
The following circular has been issued to the share-
holders of the Atlantic and Great Western Railway :
"Atlantic and Great Western Railway Offices,
5) Westminster-chambers, Victoria-street, London,
Vth January, 1868. Sir, I shall be obliged
FY your permission to state that the report
issued by a so-called committee of debenture-
holders of this railway has been forwarded by me to
the board of directors, for instruction as to proceeding
against its authors for libellous statements. I beg to
add that active negotiations are in progress for an early
resumption of payment of coupons, and such pro-
posals will be made .to the debenture-holders
as will undoubtedly secure general accept-
ance, and thus restore the credit and posi-
tion of the Atlantic and Great Western Railway.
Since the appointment of the committee of invc3tiga-
tion it has been considered proper to refrain from any
Official statements in reply to the wild charges so
freely and continuously made against the company.
In the meantime the railway has been recovering
strength, and placing itself in such a condition as will
shortly enable it to meet in an equitable spirit all just
demands.—l am, sir, your obedient servant,
"L. J. WOODMAN, Secretary."
The traffic receipts of the Grand Trunk Railway
Company of Canada, for the week ending December
14, show an increase of £493.
A call of £3 per share has been made by the
directors of the Natal Land and Colonization Com-
nanY, payable by instalments.
The Directors of the Nottingham Joint Stock
13ank have declared a dividend of five per cent. for
the half-year ending 31st December last.
The following is from Messrs. Hunt and King's
Circular :—" At the opening of the past year there
Was a fair prospect for the silk trade ; prices did not
appear too high with such a small stock, and a fair
demand was reasonably expected after the restricted
business of the preceding year; the supply, how-
ever, proved ample, orders for the spring trade
Were very limited, and manufacturers bought only
for actual wants. In the month of February at
the public sales a fall of 10 per cent. was established
Which should have attracted a fair consumption, but
although more general business ensued at some ad-
vance, yet there appeared no confidence, but a pre-
vailing apprehension of political complications and
further commercial disasters. The month of May
began with some promise of peace and a better state
el'e things, the severe weather also caused excite-
ment as to the fate of • the European crops, and
speculative purchases forced prices to nearly those
?f January. The result was disappointment and
heavy loss, as consumers on the Continent avoided
Asiatic silk as much as possible, preferring
their own, even at the increasing cost ; the market
was also depressed by telegrams from China giving
exaggerated estimates of the probable supply. Upon
the arrival of the new China silk in August some
business sprang up at a slight advance, to be again
followed by a gloomy period of distrust and per-
plexity, till November, when the fall upon the
medium and lower classes of silk approached 25 per
cent. ; considerable purchases were then made for
the Continent, and for about a month we had
an active market, prices recovering about 10 per
cent. Now there is very little doing, the in-
quiry being chiefly for the best sorts, particularly
of Japan silk, which are at extreme rates. The
statistics compared with 1866 show, in China silk,
increased imports 7,500 bales or 29 per cent., and
diminished deliveries about 1,000 bales ; in Japan
silk little variation in the imports and a slight
increase in the deliveries ; the aggregate stock
is augmented by 3,600 bales, or 13 per cent.
In Italian silk the imports and deliveries have been
about 1,500 bales. In Brutia silk the imports and de-
liveries are scarcely 100 bales. In Persian silk the im-
ports are about 600 ballots and deliveries 900 ballots—
stock 90 ballots. Waste silk has been neglected, and
the prices have been almost nominal. From Shanghai
the latest telegrams to the 7th December give the
total settlements including Japans, about 36,000 bales
—stock at Shanghai, 3,000 bales. At Yokohama very
little doing."
Mr. Effingham Wilson, of the Royal Exchange,
sends us a useful book called Simple Interest ;
Tables for facilitating the calculation of interest at all
rates, from one thirty-second upwards. It is by M.
Bernard Tindal Bosanquet, a sufficient guarantee of
its practical and useful character, and the correctness
of the calculations.
The shares of the Anglo-Argentine Company were
to-day quoted at fto prom.

BRITISH .FUNDS —TWO O'CLOCK.
GOVERNMENT _FUNDS.
0 per WM. Consols
Do. ACcount, Feb. 6 921
B per Cont. Reduced l;2+ 2 1 2
New 3 per Cent 921 2
mew 2i per Cent. Jan. 1894
Do• a per Cern, d an. 1873
annuities, 30 yrs, expire sth Jan. 1880 —
Do. for 30 yrs, expire sth April 1885 —
Do (Red Sea Televaph), Au,., 1908._ --
E tchoquer Bills, £l,OOO, 2 &21 per Ct 22 pm
Do £5OO 22 pm
~ Do. £lOO & £2OO Pm
.9atik of England Stock. 44 per Cent 239 41
Do. Account
INDIAN GOVERNMENT SECURITIES.
Indian. tock, 104 per Cent., April 187-1 217 xd
Do. Account
Do. 5 per Cent. July, 1880
DO. 4 per Cent., Oct. 1888
Do. Certificates —
I)o. Enfaced Paper 4 per Cent
Do. s.per Cent., Jan. 1872
D°. 5
.11- per Cent., May 1879 —
P 9, 5 por Cont., Rup. Deb. 1872 lO3l
• 7