The Sun.
London, England, 1871-02-03 00:00:00

MARKETS.

No official confirmation has as yet been received of the
terms demanded by the Germans for the re-establishment
of peace, and business in consequence has been of a very
moderate character, operations being in a great measure
suspended pending the receipt of some definite informa-
tion. • The market to-day opened with a very depressed
tone at further reduced quotations ; but towards
the close a better feeling prevailed; the decline
was recovered, and in some instances a slight
advance was established. In the railway market Metro-
politan and Great Eastern have been better ; but Cale-
donian has receded in value, whilst, as regards foreign
bonds, Italian and Turkish have fractiGnally ad-
vanced. French Scrip also has recovered nearly 1 per cent.
The Consol market has been unsettled, and prices have
been irregular. At the commencement of business there
were sellers at 91, but the closing price was 91k, 91i for
delivery, and 91 13-16, 91,1 for March. Reduced and New
Three per Cents, 91k, 92 ; Bank Stock, 241, 243 ; Exche-
quer Bills, 108., 15s. prem. ; India Five per Cents have
been done at 110, noi, and India Bonds, 225., 275. prem.
In Colonial Government securities nothing of interest has
transpired, and prices have been without change.
English railway stocks have been quiet and the fluctua-
tions have been trifling. Metropolitan and Great
Eastern have risen t, and respectively, but a fall of has
taken place in Caledonian. Metropolitan 661, 67 ; Cale-
: donian, 87i, 872; Brighton, 431, 43 ; South-Eastern,
77i, 771 ; Great Eastern, 39k, 39 ; North-Eastern, 1451,
146 ; Midland, 1261, 127} ; North-Western 128/, 129 ;

and Great Western, 71k, 72i.
In Indian Railway Stocks the transactions have been
restricted. Bombay, Baroda, and Central India, 1031 ;
Eastern Bengal, 103-2 ; Great Indian. 110 ; Great Indian
Peninsula, 105 i ; Madras, 1031, a; Oude and Rohilkknd,
1011, ; and Scinde, 101, 102. Canadian shares have
been quiet. Great Western, 151. Foreign shares have
been dull. Great Luxembourg, 12,1, 1 ; and Lombards,

14i.
After a period of depression, the Foreign ond market
assumed a firmer tone, and Italian (1861)B, as well as
Turkish Five per Cents., have risen per cent. French
Scrip has advanced 4, being quoted at 11 to 12 prem.
Egyptian (1868) are quoted at 731, 74 ; Italian (1861),
53k, 541; Spanish, 30, 301; Turkish Five per Cents., 42,
424 ; ditto (1869), 52, 524.
In Bank shares not much business hag been doing.
Anglo-Egyptian have marked 22i ; Imperial Ottoman,
111,112 ; Joint Stock, 371, ; London and Westminster,
634.
Telegraph shares have been dealt in quietly. British
Indian Submarine, 64 ; Falmouth, 94; Silver's India
Rubber, 50 to 51: Constructions, 261, 26g.
For miscellaneous securities the inquiry has been re•
stricted. Fore street Warehouse, 84 pm.; General
Credit and Discount, 71, g ; National Discount, 14
There has been a good inquiry for money to-day.
Capital, however, has been more plentiful, and three
months' paper has been occasionally taken at 2R per cent.
but the general rate has still been 24 per cent.
The sum of £155,000 in sovereigns has been withdrawn
from the Bank for shipment to Alexandria.
The Great Eastern railway company have declared a
dividend at the rate of 1 per cent. About £16,000 will
be carried forward. The dividend for the corresponding
half of 1869 was at the rate of 1 per cent.
The dividend on the London and South Western Rail-
way will be at the rate of 5,2 per cent., against 54 in 1869.
About £13,200 will be carried forward.
The dividend of the Bristcl and Exeter Railway will
be at the rate of per cent. against 5 per cent. for the
corresponding half of 1869. The sum of £2,192 will be
carried forward.
At a meeting of the London and County Bank it was
shewn that the net profits had been £87,167 for the half-
year ending December 31, which added to £7,181 brought
forward, made a total of £94,349. A dividend of 6 per
cent. was declared, together with a bonus of 3 per cent.,
free of income tax, the payment of which absorbs £90,000,
and leaves £4,349 to be carried forward. The return for
the year has been 171 per cent.
At the meeting of the Universal Marine Insurance
Company, it was shewn that net premiums received
during the year, after deducting cost of insurance com-
mission, brokerage, and discount, amounted to £282,902,
whilst the payments showed a total of £189,534. There
was a balance of £226,422 standing to the credit of
income and expenditure. A dividend of 7s. 6d. and a
bonus of 2s. 6d. per share were declared, making with pre-
vious payments 121 per cent. for the year.
At a meeting of the Bank of Leeds the directors report
was adopted, and a dividend of 5 per cent. was declared.
At the meeting of the City of London Brewery Com-
pany on Monday, Sir James Duke in the chair, the
accounts shewed that £12,833 had been spent out of
income in repairs and maintenance of the company's pro-
perties, and that the profit for the year 1870 was £73,101.
Out of this 4 per cent. as an interim dividend, was paid
in August last, which absorbed £23,460, and after setting
aside £3,000 for depreciation of leasehold properties, and
placing £l,OOO to reserve, thus raised to £52,000, there now
remained £45,641, out of which a dividend of £7 10s. per
cent. was declared, making the total distribution 111 per
,'cent. for the year, and leaving £1,653 to be carried

forward.
Subscriptions are invited on behalf of the Neath and
Brecon Railway Company for £120,000 redeemable A
debenture stock (balance of £150,000), having priority
over the debenture and all other stocks and shares of the
company, at the price of par, with interest at 6 per cent.
per annum.
The directors of the Langham Hotel Company in their
report to the shareholders are enabled to announce a con-
spicuous increase of business done by the hotel, the
amount for the year 1870 having reached the unpre-
cedented sum of £78,456 19s. 7d., as against £67,100
16s. Bd. in 1869, and £61,206 6s. 6d. in the year 1868, the
progress of the year 1870 thus being 17 per cent. increase
of business as compared with the year 1869, and no less
than 28 per cent. advance over 1868, the formation year of
the new company. The directors recommend the declara-
tion of a dividend of 10 per cent. per annum free of income

tax.
The report of the Law Life Assurance Society for the
year shews that the total assets amounted on the 31st of
December last to £5,459,500 3s. 4d. The dividend is at
the rate of £4 4s. per share per annum.
The traffic return of the Lancashire and York-
shire Railway • shews an increase of £3,162 ;
the Great Northern an increase of £1,376 ;
Manchester, Sheffield, and Lincolnshire, £4l ;
Great Eastern, £273 ; Great Western, £3,152 ; and the
Bristol and Exeter, £277. On the part of the London,
Chatham, and Dover railway, there has been a decrease
of £540.

LONDON STOCK EXCHANGE.-THURSDAY

LATEST PRICES. —AFTE 0 FITIO [AL 110 1.13.
The prices under the lines indicate the business done.

GOVERNMENT SECURITIES.
flare per Cent Consols 914 914 V ict 61'c .1 an &July 1891 113 114
911, 1, 4 114
Do for Account
914 • 1121
Three per Cent Reduced 014 92 Viet firre Jan &.TnlylB94. 10111024
92, 14 Br liZii la IL 1845. 5p e .... 934 941
New 3 per Cent
914, 4, 2 Egyptian 1862. 7pc .. .. 93 85
85
Exchequer (tills, March 10 15pin
12s pm Do nail Detain 7p o .. 9941004
Do, June
Italian, 1865, 5p o
Bank Spmtock
2424. 3 891, 901
India b per Cents
110, 4, li Russian. 1862. 5 p c... .. 841 85,4
ludia Bonds . .
275. 23s par DoNicolas 4 p c
Can 6 po Joint.) u1y1877-84 104 105 67/
1041 Spanish
Do March &Sept. 104 106 30, 291, 304, 30,- 1
Do 5p c Jau & July .. 98 99 Turkish. 1854. n p
984, i 791
Do Inscribed Stock .. 97 99 Do, 180, 5p n
Dom of Cain 5p c 1903 .. 99 100 411, 4, 4. 2, 4
9.1 Do, 1865 np e
Ceylon ti p c May and Oa, I
November 1878 lO6 108 11.8.5-20 Bouds.ti p o 1332 904 901
Mauritius 1 pc Jan and 904. 1. I, 1 41885 90 901
July 1873 lO2 104 Do do
New SWales 5 p clB7l-76 lOO 101 894, 90
Do 10-
, New Zealand npc 1891 lOB 110 40 Bads, spo 19JI 89 894
Do 5 p c
Do 5p c Consolidated 99 100 ErleSlia, bkhlolls, all paid
994 Illinois Central Shares .. 109 110
Do 6 pcMax &SeptlB9l 109 111
Do June & DeclB9l 108 11U Atlantic:mid OW It Coln
Mortgage Bonds —