The Sun.
London, England, 1870-02-01 00:00:00

DIONEY LIARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.
The New loans, although over subscribed, have
given an activity to business, and speculators are
now on the look out for other channels in which
the surplus savings can he invested, and both Loans
and Telegraphs being for the moment quiet, quiet
mining ventures seem about to come into the mar-
ket in some force. The Government Securities are
steady, and prices are without material change. In
the Foreign Market the principal Foreign Secu-
rities have slightly given way, but in Railways the
fall of yesterday has been recovered, and prices
now inclined to improve. For discount the de-
Maud is but to a moderate extent ; first class
paper cannot be done much under 3 per cent.
Consols are now at 921 to 921 for money ;
ditto, for Account, 921 ; :Three per Cent. Re-
duced, 921 1 ; New Tkree per Cents, 924 14 ;
Exchequer Bills £l,OOO, March, prem. ;
'Tune, prem ; ditto £lOO, £2OO, and £5OO, March,
Par ; June, par ; Bank of England Stock,
41 per Cent., 2374 9.
India Stock, 101 per Cent., April, 1874, —;
ditto 5 per Cent., July, 1880, 1114 ; ditto 4 per
Cent., Oct., 1888, 1001 4 ; ditto Enfaced Paper,
5 per Cent., 1 ; ditto Bonds £l,OOO, 25 prem.
In the Foreign Market business is quiet, with a
decline. The prices are now as follows :—Argen-
tine, 85 to 86 ; Egyptian (1864), 914 to 924, and
ditto (1868), 761 to 764. Italian are 54f to 541 ;
Mexicali 14/ to 151 i Peruvian, 781 to 791.
Spanish are quoted 271 to 274 ; Turkish Five per
Cents., 431 to 431 ex div. ; ditto New, 1 to 1
prem ; Chilian, 96/ to 974 ; Viceroy's Seven per
Cents., 80/ to 811 ; Russian (1862), 85 to 851
Orel, 834 to 831; Nicolas, 661 to 67 ; Moscow, 81
to 82 ; and Charkof, 83 to 831.
In the:Railway Market Great Northerns have
recovered the decline of yesterday, ;hey are now
'narked 1111 to 1121 ; Caledonian, 774 to 77/.
Great Eastern is quoted 371 to 371 ; South Eastern,
761 to 764. Great Western is 63 to 631; Lanca-
shire and Yorkshire, 128 to 1281 ; London and
Brighton, 44/ to 145/ ; London, Chatham, and
Dover, 15 to 151 ; London and North Western,
1234 to 1234 ; London and South Western, 93 to
95 ; 'Metropolitan, 784 to 798 ; Midland, 123 to
1234 ; and North Eastern, 1271 to 127/.
Great Luxemburg shares are 134 to 131, and Lom-
bardo-Venetian 191 to 20.
American Five-Twenty Bonds are 87 to 871 ;
do. Ten-Forty Bonds, 841 to 841 ; Erie shares are
21 to 214 ; and Illinois, 102/ to 103 ex div.
In Telegraph Shares Construction and Main-
tenance are now quoted at 391 to 394. Indian
Rubber Telegraph Works are 57 to 59 ; British
Indian Submarine is 1 higher at 144 to 151; and
Falmouth, 34 to 4 prem ; Anglo-American is un-
altered, at 19 to 191 ; China Submarine, 1 to 1
prem. ; and French Cable, 17/ to 171.
In Bank shares Alliance is marked 12 to 13 ;
Anglo-Austrian, 14 to 16 prem. ; Chartered Mer-
cantile, 32 to 33 ; Consolidated, 44 to 41 ;
Imperial Ottoman, 21 to 24 prem. ; London and
County, 49 to 50 ; London and Westminster, 58
to 59 ex div.

There were no gold operations at the Bank yes- 1
terday.
The Shannon, from the West Indies, has brought
£809,825.
The Government payments to the telegraph com-
panies have commenced. The largest payment—
that to the Electric and International, £2,938,826,
wilfte made to-morrow. That to Itemer's Com-
pany, £726,000, will be made to-day.
The Erie Protection Committee have issued the
following notice :—" Erie Shareholders' Protection
Committee, 60, Threadneedle-street, E.C., Jan. 31.
The committee beg to announce that, in conformity
With the resolution passed at the meeting of share-
holders on the 21st inst., they will not for the fature
Stamp any shares unless incontestable proof can be
given that such shares were held bona
.fide in Europe
on the said 21st day of January."
The Bank of England have given notice that the
New £3 per Cents., Reduced £3 per Cents., Annui-
ties for 30 years, Annuities for terms of years, and
India £4 per Cents , will on Wednesday, the 2d of
Alai* be transferable without the dividend due
on the sth of April next; also that the transfer
books of the Bank will shut on Wednesday, the
16th of March, and open on Wednesday, the 6th of
April.

The success of the new Russian Loan exceeds all
precedent. Messrs. Rothschild have been com-
pletely oXerwhelmed with applications, and it is
clearly
~apparent that tho result of the allotment
must almost of necessity be generally disappointing.
14 to Saturday night the amount had reached,
we believe, about £33,000,000, and it is estimated
that the aggregate sum has now approached
£50,000,000. The entire amount of the loan being
£12,000,000, and only about one-third of this, or
£4,000,000, being regarded as available for distri-
bution in England.
The new Chilian Five per Cent. Government
Loan for £1,012,700 sterling at 83, is likewise a
a great success. The has, it is said, been covered
two or three times over.
A telegram received from the India-office, and
dated Kurrachee, the 20t'a of January, states that
the Great Eastern had anchored in Bombay
Habour.
The directors of the British Land Company
(Limited), have declared a further dividend of 5
Per cent, and a bonus of 5 per cent.
At the meeting of the Ocean Marine Insurance
Company, the directors' report was adopted, and a
dividend of ss. and a bonus of 20s. per share were
declared.
A further dividend of 2s. 6d. in the pound,
Making 19s. paid, is now payable to the creditors
of the China Steamship and Labuan Coal Corn-
Pany,(Limited).
The report of the National Freehold Land,
Society, to be presented on the 4th of February,
shows a balance of £10,744.
The report of the Improved Industrial Dwell-
ings Company recommends a dividend at the rate
of 5 per cent. per annum.
The report of the Lion Brewery Company
(Limited) recommends a dividend at the rate of 14
per cent. per annum.
The report of the London and South-Western
Bank (Limited) recommends a dividend of ss. per
share, which will leave £460 to be carried forward.
At the corresponding date of last year the dividend
was 6s. per share.
The report of the Warrant Finance Company
(Limited) states that the liabilities have been
reduced, and that the income for 1869 has been
£9,023. It is proposed to take the requisite steps
for cancelling the existing liability of the share-
olders by making the shares £l2 each, fully paid
up, instead of £5O each, with £l2 paid.
A special meeting of the Metropolitan Street
T
'Tramways Company is called for February 10, to
submit a proposed Bill in Parliament, authorising
the company to extend their tramways.
• A General Court of the New Brunswick and
Nova Scotia Land Company is called for the 10th
of March, "to consider of a dividend."
The half-yearly meeting of the General Steam
Navigation Company is called for the 22d Feb.,
when a dividend is to be declared.
The half-yearly meeting of the Southampton
Dock Company is called for the 23d Feb.
The annual meeting of the Lands Improvement
Company is called for the 17th Feb., when a divi-
end is to be declared.
A meeting of tho holders of the First Debentures
of the Ottoman R lilway Company is convened by
the committee for the Ist Feb.
Berger Spence and Co.'s Weekly Report says :
—ln some branches of the chemical trade the im-
provement named in previous reports has been
maintained, although the business done during the
week has not been large ; the engagements of the
manufacturers are sufficient, coupled with a moth-
rate demand, to keep prices firm. For alkalies of
most descriptions there has been an ordinary
market. In minerals there has been a better
market for the various descriptions for smelting