The Sun.
London, England, 1871-02-11 00:00:00

M.QINTETABY R.E.PORTS Y _ ESTERD AY.

The adjustment of the fortnightly settlement has prin-
cipally absorbed the attention of the House, and busi-
ness, apart from operations necessary for that
purpose have been very limited. There has
been an absence of any prominent feature
in any department, and the fluctuations through-
out have been trifling and unworthy of especial
notice. Any tendency to improvement that might
have resulted from the progress of the French
elections has been checked by the increasing
stringency in the money market, the minimum
quotation for negotiating three months' paper to-day being
21 per cent. Fresh demands for our surplus
capital are early expected, and an advance in
the bank rate is certainly no remote contingency.
English railway stocks have been very quiet.
Great Western has been rather better, but a fall has taken
place in Caledonian and North Eastern. In the foreign
bond market Turkish have continued flat at a further
reduction. The demand for English Government securi-
ties has been rather more active. Consols have risen /
per cent., or to 92, 921, for delivery and the March account.
Reduced, and New Three per Cents, 921, 921 ; Bank
Stock, 2u, 245 ; Exchequer Bills, 75., 12s. prem. ; Indian
Five per (Ants., 110, 1101, and India Bonds, 225., 275.,
prem.
In Colonial Government securities business has been
limited, and prices generally have been without change.
Nothing of interest has been noticed in the market for
English railway stocks, and the fluctuations have been
trifling, being confined to an advance of / in Great Wes-
tern and a decline of 1 in Metropolitan and North-
Eastern. Metropolitan, 65/, 65/ ; Caledonian, 871, 88 ;
Brighton, 431, 43 ex-div. ; South-Eastern, 77/, 78 ;
Great Northern A, 1331, 1331; Great Eastern, 38/, 38g ;
North-Eastern, 1461 147 ; Midland, 127/, 1271 ; North-
Western, 1291,129 k ; and Great Western, 721, 73.
Transactions in Indian Railway Stocks have not been
extensive. Bombay, Baroda, and Central India, 103/ ;
Eastern Bengal, 1032 ; East Indian, 1091, is ; Great
Indian Peninsula, 105, / ; Great Southern of India, 103/;
Maaras, 1031; Oude and Rohilkund, 101 ; and Scinde,
1011. Canadian shares have been quiet. Great Western,
151. Not much business has been doing in foreign rail-
ways. Bahia and San Francisco, 19, and San Paulo, 211.
As regards foreign bonds, Turkish have been flat, but
they do not close at their lowest. The 5 per cents. are
lower at 41 to 41/ ; and the Six per Cents. of 1869 at
512 to 511; Egyptian, 1868, are quoted at 731 to 731;
Italian, 1861, 541, I ; Spanish, 301,1; Mexican, 15k, 1;
United States Five-Twenty Bonds, 1882, 90 to 901 ;
ditto, 1885, 901, /. French Scrip is quoted at 1 to 12
pm., and German, to 1 pm.
Bank shares have been quiet. Agra A have marked
8/ ; Consolidated, 41 ; Imperial Ottoman 111,1; London
and Westminster, 621, 2; and Union of Australia, 40.
For Telegraph shares the inquiry has been limited.
British Indian Extension, 71,1 ;British Indian Submarine,
7 1-16; Silver's India Rubber, 521, ; and Constructions,
261, 1.
In Miscellaneous securities, business has been limited.
Credit Fonder of England, 31-16, 3-16; Rhymnay Iron,
30 ; ditto New, 91.
Capital has been less freely offered to-day. There has
been more demand for accommodation, and the rate for
negotiating three months' paper has been firm at 21 per
cent.
There have been no bullion operations at the bank
to-day.
In the rates of exchange no material alteration has

taken place.
At Mark-lane, to-day, wheat closed quietly. There
was an absence of French buyers, and some difficulty was
experienced in realising late prices.
The Glasgow Herald has advices from America reporting
the failure of Messrs. Lyman, Page, and Co., in the boot
and shoe trade, with heavy liabilities. About $280,000
will fall on Boston. Their losses have been made in spe-
culations in railways, gold, grain &c. A meeting of their
creditors had been held, but no definite action was taken.
From Boston the stoppage is announced of Messrs. Pratt
and Wentworth, extensive manufacturers of stores, with
liabilities at $600,000; assets, £500,000. Their embar-
rassment has been brought about by the failure of parties
for whom they had endorsed. It is hoped their difficulties
will only be temporary.
Messrs. Pixley, Abell, Langley, and Blake thus report
on the state of the bullion market :—There is no demand
for gold for the Continent, and about £25 000 has been
sent into the Bank during the week ; on the other hand,
sovereigns continue to be withdrawn for Alexandria, the
amount for the past few days being £75,000. Silver, owing
to the demand for Holland, has slightly increased in value,
and the price may now be quoted as tolerably firm at
60 9-16 d. per oz. standard. Mexican Dollars : With the
exception of a small order for China, the imports, which
have been but small, are taken for refining purposes. The
price remains firm, at 581 d. to 58id. per oz.
At a meeting of the Indiarubber, Gutta Percha, and
Telegraph Works Company, it was shewn that the net
profit for the year was £87,801, out of which it was
resolved to apply £49,599 to the payment of a dividend
of 15 per cent per annum, being £6 15s. per share ;
to place £30,000 to the credit of the Patents,
Goodwill, and Depreciation Account, and to carry
forward £8,202. Since the last annual meeting
the entire cables of the West India and Panama
and the Cuba Submarine Telegraph Companies have bran
despatched from the company's works, as well as several
smaller cables. The works are now fully employed in
executing large contracts for various departments of her
Majesty's Government, and the steamship International
is now engaged in laying telegraphic cables manufactured
for the postal service of the French Government.
The Manchester Courier of to-day says that a meeting
of the creditors of Messrs. Cunliffe and Hinchcliffe, com-
mission agents, of that city, was held yesterday. The
liabilities were stated to amount to £1,450. A resolution
was passed to wind up the estate in liquidation, Mr.
William Milne being appointed trustee. The debtors'
discharge was granted.
FOREIGN EXCHANGES.—Amsterdam, three months' date,
120, 1201 ; ditto, short date, 11 17-?1, 11 181 ; Rotterdam,
three months', 120, 1201 ; Antwerp, ditto, 25 37k, 25 42 ;
paris, short date, ditto, three months' date, nominal ;
Marseilles, ditto, 25 60, 25 70 ; Hamburgh, ditto, 13 10k,
13 ; Frankfort-on-the-Maine, ditto, 120, 120} ; Vienna,
ditto, 12 65, 12 70 ; Trieste, ditto, 12 65, 12 70;
St. Petersburgh ditto, 301, 301 ; Madrid, ditto, 481, 481;
Cadiz, ditto, 491, 49i ; Lisbon, 90 days' date, 52k, 52i ;
Brussels, three months' date, 25 371, 25 421 ; Barcelona,
ditto, 491-, 49} ; Italy, ditto. 26 75, 26 80 ; Berlin, ditto,
6 27, 6 21.

LONDON STOCK EXCHANGE.-FRIDAY.

LATEST PRICES.—AFTEIt OFFICIAL HOUR 3,
The prices under the lines indicate the business done.