The Sun.
London, England, 1868-01-08 00:00:00

MONEY MARKET

A ND

COMMERCIAL =NTELL GE NCB,

CITY, Two O'CLOCK.

The payment of the dividends commenced at the
Bank of England this morning, and, though the
weather is preventing many persons from attend-
ing, a good deal of money is already at the corn-
maud of the public. Few reinvestments have taken
place, but the Funds are at a point higher than
yesterday. In the Foreign Market, United States'
securities again receded a little, and the more
speculative of the Continental Stocks are dull. In
Railways there is no change of importance, though
some ►movements have taken place in the heavy
stocks.

Owing to the payment of the dividends the Dis-
count Market is fully supplied with capital, while
there is no demand from the public. The rate for
first-class bills cannot be quoted higher than 11 to
per cent.

The Cora Market is firm at Monday's prices.
Consols are k better, at 92 to 92k for delivery,
and 921 to 92f for account. New and Reduced
Three per Cents., 92 to 92i ; India Five per
Cents., 111 to 1111; Bank Stock, 239 to 241 ;
Exchequer Bills, 225. to 275. prem.
Foreign Stocks are scarcely so steady as they
were yesterday. There is a relapse of per cent. in
Italian (1861) Bonds at 411 to 41i ; and in Turkish
(1865), at 301 to 301. New Spanish are scarcely so
firm, 341 to 34:1. Mexican keep up at 151 to 151 ;
and Greek at 12 to 13. Portuguese Scrip is quoted
to 4 prem.
The New Honduras Loan is to 1 prem. ex
coupon.
In American Securities United States 5-20 Bonds
are I lower, at 711 to 714 ; Erie Railway steady,
at 48 to 49 ; Illinois are dealt in at 88 to 89, being
higher.

Railways are scarcely so good as they were after
regular hours yesterday, but the tone is still steady.
Great Western have risen I ; Caledonian, I ; and
London and North Western and Metropolitan, I
each. On the other hand, Great Eastern are a
further / lower; Lancashire and Yorkshire, / ;
Midland, South Eastern, and Great Northern A, / ;
and Brighton, /. The present prices are as follows:
Lancashire and Yorkshire, 1221 to 1221 ; Midland,
1021 to 103 ; South-Eastern, 67 to 67/ ; London and
North Western, 1131 to 1141 ; Great Northern,
106 to 107 ; ditto A, 1071 to 108 f ; Great Eastern,
28/ to 29i. ; Great Western, 441 to 45 ; Brighton,
48 to 48/ ; Sheffield, 44 to 44/ ; Caledonian, 731
to 744 ; Metropolitan, 114 to 1141 ; and Chatham,
17/ to 181.

Atlantic and Great 'Western Railway Debentures,
22 to 23 ; Consolidated Mortgage Bonds remain
steady, at 18 to 19.
Great Western of Canada Shares are 161 to 16f ;
Grand Trunk, 15 to 15f ; Great Indian, 106} to
1071 ; East Indian, 108 to 109 ; and Madras, 102
to 103.
London Joint-stock Bank Shares are 35 to 36
and Union of London, 341 to 35f.

CITY, TWELVE O'CLOCK.
Yesterday afternoon £38,000 in bar gold was sent
into the Bank, and 15,000 sovereigns were withdrawn
for Alexandria. As there is less demand for gold it
Is expected that some portion of the future arrivals
Will be sent into the Bank.
t. The half-yearly meeting of the Scottish Australian
Investment Company has been called for the 31st
'Vt. to receive the directors' report and to declare a
dividend.
The Directors of the Union Marine Insurance
Company announce a payment to the shareholders of
10 per cent.
In reference to the communication from the
eTtnittee of Administration of the Atlantic
and Great Western Railway, which appeared
in The Globe of last evening, Mr. Ridsdale,
the chairman of the Debenture-holders' Asso-
ciation, states as follows :—" The first paragraph
.of that letter contains a threat against the debenture-
holders' committee for having investigated and
Published what the committee of investigation failed
after nine months' delay to accomplish. The accuracy
of every statement made in the debenture-holders'
report can be substantiated by their committee."
The capital of the Madras Railway Company has
just been increased by the issue of £1,000,000 £2O
Shares, bearing the usual guaranteed interest of 5 per
cent.

The letters of allotment of the Anglo• Argentine
Company
(Limited) were received this morning. A
circular issued to the shareholders has the following :
Mr. Barnard. who was connected with the
Workst now belonging to the Anglo-Argentine
°alPany (Limited), has furnished the direc-
"ors with a careful statement, showing from
actual results already obtained by practical
Working, that if the company only work two cajones
of ore per day, they can realise a profit of £1,500
Per month, or 45 per cent. on a capital of £40,000,
andp that this can be increased to almost any extent,
from time to time, by enlarging the works and in-
F reasing the means of transport. Mr. Barnard's de-
tailedstatement can be seen by any shareholder, at
the
company's offices ompany's ; but as it contains much valu-
able,, information, it would be unwise in the interest of
the company to publish it. I regret it cannot be
printed for circulation."
11, The traffic receipts of the Great Luxemburg Rail-
Way Company for the week ending the sth inst.,
"wa a decrease as compared with the corresponding
Week of last year of £725.

BRITISH FUNDS.— CLOSING PRICES.
. tio VERNMENT FUNDS.
° PSI Cent. Console
3 1)0. Account, Feb. 6 92 i
per Cent. Reduced 921
a, oww C
3 1
Ne
92 14 21 2
'
4:1
perent
21 per Cent. Jan.-1894 —
130. 5 per Cent. can. 1873 —
``lanuities, 80 yrs, expire sth Jan. 1880 —
00. for 30 yrs, expire sth April 'lBB5 —
E 1)ho(0 Red Sea
`equer Bills,Toleva £l,OOO, 2 & 21 per Ct 26 pm
D° • £5OO —pm
Do • £lOO & £2OO 27 pm
'llllt of England Stock, 44 per Cent —
DO. A.ccount
INDIAN GOVERNMENT SECURITIES.
111(liall stock, 104 per Cent., AprillB74 215 17 scl
Do. Account
Do. 5 pe Cent. Jul, 1880
Do. 4 perr Cent., Oct 1888
Do. Certificates
Do. Enlaced Paper 4 per Cent B7
Do. 5 por Cent., Jan. 1872
Do. 54 per Cent., May 1879
Do. 5 per Cent., Rup. Deb., 1872
Do. do. 1877
Do. do. 1882 1034 4
Do Deb., 5 per Cent., Aug. 1873
Do. Bonds, 5 per Cent., £l,000
Do. under £l,000
FOREIGN FUNDS—CLOSING PRICES.
Argentine Republic, G per Cent —
Austrian Bonds, 5 per Cent. 1859 —
Brazilian 5 per Cent
Do. 41 per Cent., 1852-58-60
Do. 1863
Do. 5 per Cent, 1865 —
Do Account 754 4 I 1
% Do. £lOO Bonds
Buenos Ayres 6 per Cent.
Da 2 per Cont. (Deferred 3 per Cent.)
Cuba, 6 per Cent.
(Lilian 6 per Cent
Do. 41 per Cent
00. 6 per Cent., B •
Do., 1867
Do., 7 per ,Cent., 1866
Do., Scrip £3-2 paid
C'' mbian, 6 per Cent.
~I)ltnish 3p Jr Cent. 1825
-0 inul,fiin Principalities, 7 per Cent —
Do 8 per
New Co Cent., 1867 6ll
Illyador nsolidated, 1 per Cent —
C,,;yptiar, 7 per Cent —
_4'o. Se, owl Issue
D •. .#'s,nl Bonds
00. £l.ot Bonds B9 8
1)0. 1864
r)n, £5 '0 Bonds 864
Do. £lOO Bonds ..... 88
Governtr.ent Rail way Debentures .... 891 i 90
Greek, 5 per Cent., 1824-5, ex Coups —
Do. Account
D Coupons
, DO. Account
C' latemala 5 per Cent. —
lionduras Gov. Rail. Loan., 7p. Ct., £l5 pd pin
itiiian 5 per Ccr t., 1865 —
1)0, Account •
.Do. ldtu
aremana liaiway—
—
Mexican 3 per Cent —
Ditto for Account
Do. 1864 —
Anglo-
Alont „.,. pNeer;
• .kieaCn. o per Cent. French
. • —
orisli Imperial 5 per Cent
w Granada
103 per Con _
Do. Defurr3,l
,e 1)0 Laud Warrant (H
-I- 'Avian 5 per Cent.s 1865ectares)
_
Do Account 6Bl 94
1)0 41 per Cent. (Uribarreu)
i,
11)200
A4lccpoeurnCtent., 1862
_
'O, tli.,guese 3 per Ct. 1853 'O, '7, '9,'60,'2,%,
R-a-- - (,t., 18:i3, wan a per Cent., 1822, £ St 8
Do 41 per Cent. 1850 -
I) 0 44 per Cent., 1860 -