The Sun.
London, England, 1870-01-22 00:00:00

DIONEI

AND

COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
The transactions on the Stock Exchange to-day
were more numerous than yesterday, and Consols
are now a shade higher than the opening prices.
In the Foreign market there was also an improve-
ment, and most of the leading securities partici-
pated in the favourable change of affairs. In Ame-
rican Securities we have to note an improvement in
Eries and Illinois, but the Bonds remain without
alteration. Telegraph shares are dull, and for
Railway shares the demand has been languid. The
rate of discount is 21 to 3.
~Consols are now at 92; to 921 for money ;
ditto, for. Account, —; Three per Cent. Re-
duced, 921 a ; New Thee per Cents, 92} -1 ;
Exchequer Bills £l,OOO, March, prem. ;
June, par ; ditto £lOO, £2OO, and £5OO, March,
par ; June, ; Bank of England Stock,
41 per Cent., 239.
India Stock, 104 per Cent., April, 1874, ;
ditto 5 per Cent., July, 1880, 112•114 ; ditto 4 per
Cent., Oct., 1888, 1001; ditto Eufaced Paper,
51 per Cent., —.
In the Foreign Market Turkish Five per Cents.
have advanced, being now 431 to 431 ex div. ; the
6 per Cents., 661 to 64} ex d. ; and the New Scrip,
Ito prem. Spanish is now 27/ ex div. a quarter
better. Italian Bonds are 541 to 54/ ex div. ;
Argentine 854 to 861 ex div. ; Peruvian, 771 to 78
ex div. ; Brazilian, 874 to 881 ; and Mexican, 15
to 151.
In the Railway Market Great Northern A
Shares, Midland, Chatham, and ,Caledonian, are
lower. The prices are now—Caledonian, 761 to
764 ; Great Eastern, 371 to 374 ; Great Northern,
114 to 1111; ditto (A), 1111 to 1121 ; Great
Western, 61 to 611 ; Lancashire and Yorkshire,
1271 to 1281 ; London and Brighton, 45 to 451;
London, Chatham, and Dover, 141 to 151 ; Lon-
don
and North Western, 1231 to 1241 ; London
and South Western, 93 to 94 ; Metropolitan, 781
to7o
' ; Midland; 122 to 1221; North Eastern
(Berwick), 1251 to 126 ; and South Eastern, 77
, _

to 77i..
American Five-Twenties are 87 to 871 ; Ten-
Forties, 841 to 851; Erie Shares, 18 to 181 ;
Illi-
nois, 1031 to 104 ex div. ; Atalntic and Great
Western Bonds, 251 to 261.
In Telegraph Shares Falmouth is better, at 31
to 31 prem. ; China Submarine, -1 to 1 prem. ;
British Indian Submarke, 141 to 141 ; Anglo-
American, 191 to 20 ; Atlantic Eight per Cents.,
21 to 21 ; and Construction and Maintenance, 35
to 354.
In Bank Shares Agra (A) are now 111 to 12/ ;
Alliance, 13 to 14 ; Anglo-Austrian, 14 to 16 prem. ;
Chartered Mercantile, 32 to 33; Consolidated, 4/
to 41 ; Imperial Ottoman, 21 to 21 prem. ; Lon-
don and County, 50 to 51 ; London and West-
minster, 60 to 61 ; London Joint-Stcck, 331 to
341 ; and Union of London, 361 to 371.
There were no gold operations at the Bank yes-
terday.
The Cordillera is expected at Liverpool in a day
or two from Brazil with £19,577.
It is understood that the Government payment
to the telegraph companies will be made on Friday
next, the 28th inst., and that the distribution to
the shareholders will be on the 7th of February.
The total to be disbursed is £5,715,048, and the
Bank return shows the Government balances in
hand to be already £3,101,310 in excess of the total
held at this time last year, and £4,061,411 over the
same period of 1868.
The transfer books of Reuter's Telegram Com-
pany (Limited) are to be closed from the 26th inst.
till the 6th February, preparatory to the distribu-
tion of the amount payable to this company by her
Majesty's Postmaster-General for the purchase of
the Nordeney cable.
With reference to a rumour that the Anglo-
Mediterranean Telegraph Company proposes to
abandon its line through Italy, a memorandum has
been received from the Secretary stating that there
is no such intention.
In connection with the purchase of the under-
taking by the Government, a petition has been
presented for the winding up of the United King-
dom Electric Telegraph Company (limited), and
is to be heard before Vice-Chancellor James on the
29th inst.

The annual meeting of the French Atlantic
Cable Conipany is called for the 21st Febru try,
at Paris, to receive the directors' report and the
accounts up the 15th instant, and to declare a
dividend. The meeting will then be made special,
to approve an agreement with the Atlantic,
Anglo-American and New York and Newfound-
• land Telegraph Companies, and to empower the
directors to " conclude arrangements with the
French Government in regard to the relations be-
tween this company and the French and American
Governments."
We are informed that the whole question of the
respective claims between the two classes of deben-
ture-holders and the shareholders in the Ottoman
Railway Company having been submitted to the
decision of the Court of Chancery, it is considered
impossible, until a decree is made, to deal in any
Way with the funds in hand.
A petition for the winding up of Bonelli's
Electric Telegraph Company (Limited) is to be
heard before Vice-Chancellor James on the 29th
inst.

Messrs. Theodore B. Jones and Thomas But-
rowes, the liquidators of the London and Colonial
Company (Limited), have announced a further
dividend of is. 6d in the pound.
At the meeting of the United Discount Corpora-
tion (Limited) a dividend was declared for the half-
Year at the rate of 6 per cent. per annum.
The directors of the Central Bank of London
(Limited) recommend a dividend at the rate of 5
per cent. per annum, free of income-tax.
The half-yearly meeting of the London /inan-
e ial Association (LiMited) will be held on the 7th
of February.
A special meeting of the Caledonian Railway
Company is called for the Bth of February, to take
into consideration certain bills proposed to be in-
troduced into Parliament in the ensuing session.
The directors of the Bank of Egypt recommend
the usual dividend, at the rate of 10 per cent. per
_annum.

Th
r,
The report of the Ocean Marine Insurance Com-
pany proposes the
payment of the interim dividend
of £lO,OOO in July
distribution last,
and the directors propose a
share bonus. on of ss. per share, and 20s. per
A dividend, making in all 15s. in the pound, to
the creditors of the Westminster Mining Company,
has been declared.
Insurance Company Ins The Manchester Fire •
re-
commend a dividend at the rate of 5 per cent. for
the past half year.
cent,
)tpap
Henry Briggs, Son, and Co. (L
the usual interim dividend of spimerit n. for will
half year ending December olst last.
Messrs. Alexander Collie and Co. send the fol-
lowing telegram from Manchester:—,, Producers,
being heavily under contract, are asking extreme
rates, which buyers are not following to any ex-
tent."
A meeting of the shareholders of the Erie Railway
Company was held yesterd.ty at the Terminus Ho-
tel. After some discussion it was announced
that, to rescue the property from ruin, all shares
held in England would be stamped and regis-
tered, and those not bearing the distinguishing
mark would not be admitted to be suld on thq
Stock Exchmige. A resolution was also agreed to
for giving the utmost support to the " protection
committee."

BRITISH FUNDS-CLOSING PRICES.

UOVERNM k'UNDS.
3 pet' Ceut. Consols

i)2l. 1

Ditto for Account--
a per Cont. RoducAd 921 -I
New 3 per Cent
No NV 21 por Cent. Jan. 1894
Do. 5 per Con Jan . 1873
Annuities, 80 yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 —
Do (Red Sea Telegraph), Aug., 190 P —