The Sun.
London, England, 1871-02-04 00:00:00

INIONE'Lk.RY REPORTS.-YESTERDAY,

Beyond the first sitting of the Conference on the Black
Sea question, and the refusal of M. Jules Favre to be pre-
sent, nothing has transpired in the political world to-day,
to affect the stock markets. Nevertheless the tone
throughout has been irregular, and some anxiety has been
expressed to learn the tendency of the discussion on the
Eastern Question, thereby engendering much caution
in concluding business. Money continues in request,
and the quotations rule firm ; but at the samb
time capital is not scarce. English railway stocks, after
undergoing a period of depression, closed with mot
steadiness, and an advance of 4 per cent. is frequently
noticed, whilst North-Eastern consols, owing to the an-
nouncement of a dividend at the rate of 81 per cent. have
risen 1 per cent. The foreign bond market, on the other
hand, has been dull, and although no important change
has taken place, Italian, Turkish, and French scrip have
been lower in value. In English Government securities
not much business has been doing. Consols have been
quiet at 91 to 914 for delivery and the account ; Reduced
and New Three per Cents., 914 to 92 ; Bank Stock, 241
to 243 ; Exchequer Bills, 10s. to 15s. ; India Five per
Cents., 110 to 1101; and India Bonds, 225. to 275. prem.
During the earlier hours of business the market for
English railway stocks was depressed, and prices gave
way, but latter in the day there was a reaction, and prices
improved. North-Eastern Consols rose 1 per cent, or to
1461 to 1474 on the announcement of a dividend at the
rate of 81 per cent. Caledonian, Great Northern .A;
Midland and North-Western have been 4 better, and
Great Western shews a rise of 4 Metropolitan is quoted
at 661, 66! ; Caledonian, 872, 884 ; Brighton, 431, 431 ,
South-Eastern, 771, 78 ; Great Northern A., 1341-, 135 :
Great Eastern, 394, 394 ; Midland, 1274, 1271 ; North-
Western 1294, 1291 ; and Great Western, 724, 721.
Indian railway stocks have commanded but little
attention. Bombay, Baroda, and Central India, 1031;
Carnatic, 1014 ; East Indian, 1094, ; Great Indian
Peninsula, 105 ; Madras, 1034, 4 ; and Scinde, 101 to
1014. Canadian shares have been flat. Foreign shares
have been dull. Bahia and San Francisco, 19 ; Great
Luxemburg, 124 ; Lombards, 144.
In the foreign bend market no feature of importance
has transpired. The tendency has been towards depres-
sion, but no material alterations have taken place.
Italian (1861) have fallen 4 ; and Turkish have been
lower. Peruvian (1865) are quoted at 892, 904 ; Egyptian
(1868), 73t, 74 ; Italian (1861), 532, 54 ; Spanish, 30,
304 ; Turkish Five per Cents, 412, 414; ditto (1869), 514,
524 ; Mexican, 134, 134 ; United States Five-Twenty
(1882) Bonds, 901, 90 ; ditto (1885), 894, 904; French
scrip has been flat, 4, 4 pm.
Bank Shares have been quiet. Agra A, 84 ; Anglo-
Egyptian, 221 ; Imperial Ottoman, 11 ; London and
County, 51/ ; London Joint Stock, 371; London and
Westminster, 621 to 63 ; and Union of London, 394 to 4.
For Telegraph Shares there has not been much inquiry.
British Indian Submarine, 64; Falmouths, 94, 94 ; French
Cables, 134 ; Silver's Indiarubber, 51; and Constructions,
264.
Miscellaneous securities have been neglected. Berlin
Waterworks, 16 ; Credit Fonder of England, 21 ; Gene-
ral Credit and Discount, 74, 7 9-16ths.
In the discount market to-day, there has been a fair
supply of capital. The demand for accomodation has
been steady, and three months' paper has been charged
21; with isolated transactions at 24 per cent.
The Seine has taken £17,150 for the West Indies.
The bullion operations at the Bank to-day were con-
fined to the withdrawal of £lO,OOO in sovereigns for
Alexandria.
There has been rather less demand for bills to-day, and
the rates of exchange have been rather firmer.
At Mark-lane to-day wheat was quiet, but firm.
American flour was in request, and barrels were quoted
at 30s.
The dividend on the Great Northern Railway will be
84 per cent. for the half year, against 7i for the corres-
ponding half of 1869. On the A stock the dividend will
be 54 per cent. for the half year, and on the B 3 per
cent.
At a second meeting of the creditors of Mr. J. 'Wolsten-
croft, bleacher, Chadderton, held yesterday, the resolutio-i
pasted at the first meeting, to accept 2s. 6d. in the pound,
payable in six months, was unanimously confirmed. The
creditors also unanimously passed a resolution expressing
the most entire sympathy with Mr. Wolstencroft, whose
misfortune has been purely unavoidable.
The Manchester Courier of to-day says that a meeting
in bankruptcy of the creditors of Messrs. Higson and
West, merchants, was held yesterday for the purpose of
receiving proof of debts and the appointment of a com-
mittee of inspection of the bankrupts' estates. It was
stated that the liabilities amounted to £170,000 and
various debts were proved to the extent of £84,000.
Messrs. Pixley, Abell, Langley and Blake thus report
on the state of the bullion market :—Gold : The demand
for the Continent has sensibly declined the past two days,
and we look for an influx to the bank durinz this week of
some portion of the late arrivals. There were some with-
drawals of gold from the bank in the early part of the
week, before the undermentioned supplies came on
the market, amounting to £77,000, and sovereigns to
the value of, £201,000 have also been taken out for Egypt.
Silver : Fine bars remain as last quoted ; the demand is
entirely for Holland, and there are buyers at 601 d, per oz.
standard. The Nile has brought £45,900 from the West
Indies. Mexican Dollars : From the West Indies and
New York we have received during the week about
£llO,OOO of this coin. With the exception of a few trifling
orders for China, they have been taken for refining pur-

poses.
At a meeting of Hooper's Telegraph Works (Limited)
it was shewn that the net profit for the year had been
£24,782. Of this sum £6,250 was distributed in July last,
leaving £18,532 unappropriated. A dividend of 10s. 6d.
per share, being at the rate of 15 per cent. per annum, was
declared, after payment of which there will remain a
balance of £5,407 to be carried forward.
A prospectus has been issued of the Glasgow and Cape
Breton (Nova Scotia) Coal and Railway Company
(Limited) with a capital of £lOO,OOO, in shares of £lO
each, to construct a line 21 miles in length, and thus
bring the most important coal mines of the Cape Breton
district within reach of an mproved harbour. It is stated
that three of the coal companies have offered
to guarantee a traffic of from 50,000 to 100,000 tons per
annum., and the Government of Nova Scotia have
granted, as a bonus, a lease of one square mile containing
the most valuable seams in the locality.
The directors of the London and South-Western Rail-

way Company have resolved to recommend to the pro-
prietors, at the half-yearly general meeting on the 16th
instant, that the dividend for the half-year ending 31st
December, 1870, should be at the rate of 51 per cent. per
annum on the ordinary capital stock of the company,
carrying over a balance of about £13,200.
FOREIGN EXCHANGES.—Amsterdam, three months' date,
120, 1201 ; ditto, short date, 11171, 11 181 ; Rotterdam,
three months', 120, 1201 ; Antwerp, ditto, 25 35, 25 40 ;
Paris, short date, ditto, three months' date, nominal ;
Marseilles, ditto, 25 50, 25 60 ; liamburgh, ditto, 13 10k,
13 101 ; Frankfort-on-the-Maine, ditto, 120, 1201 ; Vienna,
ditto, 12 671, 12 72} ; Trieste, ditto, 12 671, 12 721 ;
St. Tetersburgh ditto, 30k, 30;1 ; Madrid, ditto, 48a, 48„ ;
Cadiz, ditto, 491-, 491 ; Leghorn, Genoa, Naples, and
Palermo, ditto, 26 774, 26 821 ; Lisbon, 90 days' date,
52k, 52i ; Oporto, ditto, 521, 521.

LONDON STOCK EXCHANCM-FBIDA

LATEST . PRICES.-AFTER OFFICIAL HOUR

The prices under the lines indicate the business done,

GOVERNMENT SECURITIES.

fbree per Cent Consols 911 911 Vla6 pc Jan &July 1891 113 114
911, / DoAtoril So let 188.1-85.. 112 11.1
Do for Account
911 Viet spc Jana.) illy 1854. 131 132
three per Cent Reduced 911 22 Brazilian.lBBs. 5p o .... 931 54!
92, 11, a, 11 941. 31
New 3 per Cent
92, 1/, '2l Do Rail Dairen 7p o .. 9911001
Exchequer Bills, March 10 15pin 921
p Italian, 1865, 5 p a
m
Do, June lO 15pm Peruvian. 1865, 5p 0 ..
pm 909, i. 1. 84 90
Hank Stock
'242 Russian. 1862, 5 p c.. ~ 841 85
India 5 per Celtic
110, 4 Do Nicolas 4 p c
68
li:dis Bonds —
27s pm Spanish
Can-6 pc J aii&JulylB77-84 104 115 301, 30
Do March &:lept. 104 106 Turkish, 1354, 6p a 79 81
Do 5-p c Jan & July ~98 99 Do, 1865. 5p a
931 411, 1, 1
Do Inscribed Stock .. 97 99 Do, 1365 6p c
Min of Can 5p c 1003 .. 99 100 611, 9, 1
Ceylon 6 p c Maar' anti 1.5.13.5.20 lionds,6 p a 1382 909 90.
November 1378 lO6 103 90 2. 9
Mauritius t; p c Jan and Do do 1885 90 90.
July 1873.........,,. 102 104 901
New SAValesr,p c 1371-70. 100 101 Do 10-40 Hods, spa 101/ 89 89
100/ 899, 1
New Zealand f', pc 1811 lOB 110 Central, all paid
1,0
z. 5 p a
Do 5 p c
5, 99, 981 991 1099, 10, 91
992, 85, 91.- tp 9 Atlantic and (4 W neon
DoSp OW &Sepsl99l 109 111 Mortgage Bonds
Do Juno & Dec 1891 108 110