The Sun.
London, England, 1865-07-26 00:00:00

MONEY HARKET

AND

COMMERCIAL INTELLIGENCE,

TWELVE O'CLOCK.

The Money Market continues to present the same
appearance of stringency as it has during the list
few days. The brokers ask 3i per cent. for the
best bills, and, as a consequence, the Bank is still
negotiating the principal discount business brought
forward.

The directors of the Land Securities Company
have issued their report, showing a profit of £2614,
which they recommend to be carried forward.
The Metropolitan Sewage Company have, it is
understood, made their first contract with a farmer
lu the neighbourhood of Barking.
The commercial public will learn with satisfaction
that Mr. Thornton, the English Minister at Buenos
Ayres, is to proceed to Rio to re-open diplomatic
relations with the Brazilian Empire.
The Merchant Shipping Company have issued
their first report, which states that the net profits
are £33,080 from the completed voyages of 12
.ships, and from the business of the dockyard during
that period. The directors recommend the pay-
ment of a dividend of 10s. per share, free of
income tax, in addition to the interim dividend of
38• per share already paid, being together at the
rate of more than 10 per cent. per annum on the
Paid-up capital of the company. These will absorb
£6,144 2s: Bd. ; to the opening of a reserve and
depreciation account, £20,000 ; leaving to be car-
ried to profit and loss new account, £6,936 12s. 6d.
The Marseilles Extension Railway and Land
Company requires a capital of £400,000, in 20,000
shares of £2O each, 7,000 of which are stated to
have been already subscribed, and 3,000 are re-
served for issue as paid-up shares. The objects of
the company are, first, to construct a railway about
nine miles in length from the " Old Port" of Mar-
!eines to Podestat, to afford increased facilities
for the commerce and manufactures of the town
and port ; secondly, to acquire land on both
aides of the line throughout its length, for
building and other purposes, to which great value
will be given by the construction of a railway. The
reputation of Marseilles as the first city of France
is well known, second only to Paris in population
and wealth ; its position and capabilities give it the
command of French commerce in the. Mediter-
ranean. The pecuniary results expected are exceed-
-I.lllglY favourable. A large income will, no doubt,
ue derived from the railway, besides which good
Profits will be realised by the sale of the land. The
railway to the Old Port will no doubt secure a
very large amount of goods traffic, as the line will
Pam through populated districts containingfactories,
!c. The shares have been dealt in at the Stock
44zehange at 1/ to 2.
The General Credit Company have notified with
legard to the approaching conversion and unifica-
len of the Internal Turkish debt, that the prevalence
ef cholera and the consequent quarantine regula-
tions having delayed the arrival of the official verifi-
cations from Constantinople, the arrangements for
" Purpose will be deferred from the Ist to the
15th of August.
I The eighteenth half-yearly meeting of share-
holders of the National Discount Company was held
4, daY• The report, which was adopted, stated
that the accounts ending June last show evidence of
~..the steady progress of the business of the company.
1 gross profits for the last half-year amount to
£112,745 14s. 9d., and after deducting the current
_exPenees, directors' and auditors' remuneration,
writing off in their entirety all bad and doubtful
debts, and reserving for rebate of interest on bills
not yet due £36,571 Is. Id., there remains the
21.1n1 of £65,339; Id., which, with the addi-
tion of the balance brought forward from
the 31st December last, will then amount to
£70,092 Os. sd. These satisfactory results will
enable the directors, after appropriating £60,000
to the payment of a dividend at the rate of twenty
,Per cent. per annum, free of income tax, to carry
forward to the next half-year's profit and loss ac-
, count the sum of £10,092 Os. sd. The dividend
I will be payable on and after the Ist of August.

Two o'CLocx.

At the Paris Bourse this morning, according to
Reuter's telegram, the 3 per Cent. Rentes were
67f. 60c.

The English Stock Market has shown but little
animation, and prices continue to exhibit a down-
ward tendency. The attendance of late has shown
a marked diminution, the public having now taken
their usual holiday vacation. Consols are 898 90
for money, and for the account 898 90 1-16. The
New Three per Cents. and the Reduced Annuities
,tre 891 ; New 24 per Cents., 71 ; and Exchequer
par to 4s. prem. Bank Stock is 246 248.
In the Foreign Stock Market prices have been
a trifle firmer. Turkish Consolides are 494 4 ;
Mexican, 23/ 24 ; ditto New, 23 4- ; Greek,
24 24; Spanish Passives, 284 4 ; Certificates,
134 ; Italian 64 4 ; Confederate Loan, 7 9 ;
..American Securities are rather heavy ; United
States Five-Twenty Bonds, 69/ 708 ; Erie, 534-54;
and Illinois, 884 89.
Business in the Railway Share Market has con-
ti
o,l7`ned moderately active, but owing to a purchase
sales, prices, which opened with rather more
firmness
declined
have since given way. Metropolitan have
declined £1 ; Great Northern A Stock 15s. ; Lon-
i°ll, Chatham, and Dover, and South Eastern, each
and North Eastern (Berwick), ss. ; while
Great Western have improved 15s.
The Foreign and Colonial lines remain without
change of importance.
in Bank and Miscellaneous Shares generally are
rar lye, but prices remain without material alte-
tol:n• London and Westminster have improved
tc, 471, and Chartered of India, London and China
and National Discount Company to 154.
theoubjoined are the current quotations of some of
Ste Principal new undertakings :—Anglo Greek
xac'kni Navigation Company, 21 3 prem. ; General
corauange Bank, 1/ 24 prem. ; Hodge's Distillery
pe_ PvanY, 3 34 prem. ; Metropolis Sewage, 7 8 ;
Brewery Ia Railway Company, 4 prem. ; Lion
Company, 14 / prem. ; Hop and Malt

Exchange, 3 prem. ; Dalbeattie and Kirkconnell,
2 1 prem. The Marseilles Extension Railway and
Land Company's Shares remain steady at 11 2
prem. The New Issue of 50,000 Preference Shares
of £5 each of the Atlantic Telegraph Company,
prem. The Northern Assain Tea Company's
Shares are par 1 prem. ; Chubwa Tea, par 1 prem. ;
Russian Iron Works, 9 11 prem. ; London Bridge
Land, 4 .1 prem. ; Massa Carrara Marble, 2 21
prem. ; Albert Bridge, 1 11 prem. ; Downs Docks,
11; prem. ; London Quays, 1 dis. par ; British
India Trust and Agency Corporation, 1 11 prem. ;
Overend, Gurney, Company, 21 21 prem.

BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT FUNDS.
3 per Cent. Consols
Do. Account, Aug 8 9O
o per Cent. Reduced
New 3 per Cent 894 1
New 24 per Cent. Jan. 1894 7ll
Do. 5 per Cent. Jan. 1873
Annuities, 30 yrs, expire sth Jan., 1880
Do. for 30 yrs, expire sth AprillBBs l4/
Do (Red Sea Telegraph), Aug., 1908 —
ExchequerDo Bills, £1,000£500 ,3/ per Cent.
.
Do. £lOO and £2OO
Bank of England Stock, 5i per Cent 248 6
Do Account
INDIAN GOVERNMENT SECURITIES.
Indian Stock, 101 per Cent., AprillB74 —
Do. Account
Do. 5 per Cent. July, 1870

Do. Account
Do. 4 per Cent., Oct. 1888
Do. Certificates —
Do. Enfaced Paper 4 per Cent —
Do. 5 per Cent., Jan. 1872
Do. oi per Cent., May 1879 —
Do. 4 per Cent., Aug. 1866 lOO-
l Bonds, £l,OOO —
Do. under £l,OOO —
FOREIGN FUNDS—CLOSING PRICES.
Austrian Bonds, 5 per Cent, 1859 —
Brazilian 5 per Cent
Do. 44 per Cent., 1852-58-60
Do. 1863

Buenos Ayres 6 per Cent
Do I per Cent. (Deferred 3 per Cent.)
Chili= 6 per Cent

Do. 4i per Cent —
Colombiad6 per Cent. —
Cuba, 6 per Cent.
Danish 3 per Cent., 1825
Do. 4 per Cent., 1863
Do. 5 per Cent., 1773-77, £25 paid —
Danubian Principalities
Do. Account
Do .£B6 paid
Equador New Consolidated, 1 per Cent lll
Do., Provisional Land Warrant
Egyptian 7 per Cent
Do., Second Issue —
Do £lOO Bonds 9B
Do. 1864 941 14
Do £lOO Bonds
Greek 5 per Cents., 1824-5, ex Coupons 20
Do Account
Do. Coupons
. .

Do. Adeount
Cluatemala 5 per Cent. —

Do. 1839 and 1850 —
Italian 5 per Cent (Maremmana Railway)
Do 1865
Do Scrip, £674 paid Ms
Do 5 per Cent., 1864 —
Do. Scrip, £55 paid
J!Jexican 3 per Cent.
Do. Account
Do 1864 234
Do 6 per Cent. Anglo-French
Do French Scrip, Ex. 25f 20c
Montevidean 6 per Cent., £3O paid
Moorish Imperial 5 per Cent
New Granada
Do 2 per Cent
Do Deferred
Do Land Warrants (Hectares)
Peruvian 41 per Cent.
Do Scrip, £45 paid, paid in Bonds — dis
Do 3 per Cent. (Uribarren) —
Do 44 per Cent., 1862
Do. Account
Portuguese 3 per Cent., 1853
Do Account —
Do 3 per Cent., 1856, '7, '9, '6O, '62, '3,
Do Account —
Prussian 5 per Cent, 1822, £ St.,
Do 44 per Cent., 1850
Do 1860 —
Do 3 per Cent., 1859
Do 5 per Cent., 1862
Do 1864
Sardinian 5 per Cent —
Spanish 3 per Cent —
Do. Account —
Do New Deferred —
Do Account —
Do Passive

Po Account —
Spanish Cert. of Coup not funded —

Do Account —
Swedish 4 per Cent. —
Po. 44 per Cent. 1864
Turkish 6 per Cent. 1854 941 4
Do 6 per Cent. 1858
Do Account
Do £lOO Bonds
Do. 14 per Cent —
Do 6 per Cent. 1862
Do Account
Do £lOO Bonds 73j 4 4
Do 6 per Cent., 1863
Do 5 per Cent. 1865
Do Scrip, £35 paid
Do Guaranteed, 4 per Cent —
Venezuela 3 per Cent. —

Do. Account
Do. 6 per Cent, 1864
Do Account
Dividends on the above payable in London.
Austrian, 5 per Cent., Ex. 10 Florins
Belgian, 44 per cent., Ex. 25f.
Dutch 24 per Cont., Ex. 12 Guil
Do. 4 per Cent. Certificaws
French Rentes, 44 per Cent.

Do Account —
Italian t per Cent., 1861, Ex. 25f.
Do. Account
THREE O'CLOCK.

Consols
90 90
Do. Account

Liverpool Cotton Market —This Day.

Market still quiet, and prices easier. Sales, pro-
bably 4,000 or 5,000 bales.

PRESIDENT LINCOLN'S FUNERAL.—The bills con-
sequent upon the death of Mr. Lincoln, including those for
decorating public buildings and those for the funeral, have
all been delivered to Secretary Harlan. The aggregate is
but a trifle over $25,000, while the expense of President
Harrison's funeral, when the display of mourning was much
less general, and the ceremonies much less imposing, was
$30,000.—New York Times.

LIGHTNING AND THE TELEGRAPH.—On Thursday
last Banffshire was visited with a slight thunder-
storm, and the lightning interfered to an unusual 'extent
with the telegraph wires on the lower portion of the
Strathisla or Banffshire Railway. About half-past two
o'clock in the afternoon, when the rain was accompanied
by several smart peals of thunder and flashes of lightning,
the electric fluid entered the railway station at Tillynaught,
running along the wires and penetrating the box of the
telegraph instrument, setting the place on fire. Fortu-
nately there was no person at the instrument at the time.
The station agent happened to be outside, and hearing a
sharp report inside, be entered and found smoke and fire
issuing from the box. Opening the door of it he found it
was in flames, and had to expend some pailsful of water
before the fire was extinguished. Otherwise thei eis no
doubt the whole establishment would soon have been burnt.
It was discovered on examination that the wires leading to
the telegraph instrument, and connected with the battery,
were completely destroyed—the gutta percha reduced to a
cinder, and some of the wire itself quite melted and run-
ning on the floor. Otherwise, apart from the charring of
the box, no material damage wes done, the instrument
itself and the batteries having escaped injury. At Banff,
Lady's-bridge, and Portsoy, the magnetic coils were burnt,
the small wires in some instances being fused into a mass,
i the
eu everycotf
telegraph
oni 2
uns
rtoas
end,
wca
rendered
csaogeme pnwl
concerned,
rseunl
dyne
odwn,demagnetised,
unworkable.
bconfiningee l
i.g hAtni tinnevgldei
intt.hhTillynaught;B instruments,onefea needles
laess
to the fork below, towards Banff on the one hand and
Portsoy on the other.—Banifshire Journal.

THE SURVEY OF JERUSALEM AND THE ADJACENT
COUNTRIES.—CoIoneI James publishes the gratify-
ing intelligence that the party of Royal Engineers from
the Ordnance Survey, which left England under the com-
mand of Captain Wilson, on the 12th of Sept. last, for the
purpose of making a survey of Jerusalem, and levelling
from the Mediterranean to the Dead Sea, have accom-
plished their task, and arrived in England on the 10th
inst. Colonel James has received the authority of the
Lords of the Treasury for publishing the plans, sections,
Ice., and hopes to be able to add to these photozincographic
copies of about 100 photographs of the most interesting
places included within the area of survey: The levelling
from the Mediterranean to the Dead Sea has been per-
formed with the greatest possible accuracy, and by two in-
dependent observers, using different instruments; and the
result, Colonel James believes, may be relied upon as
being absolutely true to within three or four inches. The
dlBe6psr,eswsiaoanfooufntdhe surface
to
hel,2nofthe
feet,
h uDte
fracolmStehae ounnMe
oafrcdhriflt2,
_
foundwood observedthe alonglevel
othet
hbeo rvdraetre
water
f atth es
eDmeea dp
eSr
ieoad, iot f wasthe
lyneeatr, pe
irxo b a
fbnl ye h
edeu r i nhgi g
htehre, wwi nhtieerh f rwe sohueltds , smt aankdes twothe
least depression 1,289.5 feet. Captain Wilson also
learnt from inquiry among the Bedouins, and from
European residents in Palestine, that during the early
summer the level of the Dead Sea is lower by at least
six feet ; this would make the greatest depression to be as
near as possible 1,298 feet. Colonel James adds—" It may
interest those who have subscribed to the fund for paying
for the survey and levelling to know that my estimate for
the survey was £6OO and the cost £519 10s. Id., the esti-
mate for the levelling was £2OO, and the cost £214155. 6d.,
and that this small excess was caused by the unexpected
detention of the party at Alexandria for a fortnight, in
consequence of an accident to the mail steamer hi the Red
Sea."