The Sun.
London, England, 1870-03-07 00:00:00

RONEY MARKET

AND
COAT AIERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
The Stock Exchange opened firmly to-day, and
there appeared a desire on the part of some of the
large brokers to do business, but the prices of
°llsols remained without any alteration. For
Foreign stocks there was more demand than is

Ordinarily the case, and in most instances at im-
proved quotations. There has been a slight ad-
vance in the price of Anictican Stocks, but Tele-
graphs are lower. The rates of discount in the

Open is 3 to 3i for first-class bills.
Conso's are now at 92a to 921 for money;
rlttoi for Aciount, 92; Three per Cent. Re-
duced,. 911- x 1 ; New T!,:ree per Cents, 91-1- ;
Exchequer Bills Vl,OOO, March, prem. ; June,
3Prew. ; ditto 5.!.100, £2OO, and £5OO, March, —;
Clle, 2
prem. • Bank of England Stock, 41 per
In

India
Stock, 101 per Cent., April, 1874, —;
ditto 5
per Cent July, 1880, 111'41- 12 ; ditto 4 per
Vent., Oct., 4 1888 99a 2 xd • ditto Eufaced Paper,
4Per Cent., —; ditto 5 per Cent., May, 1872,
03.1
4.

In the Foreign Market Spanish are lower, 261 to
04; Turkish, 464 to 464 ; Egyptian, 1864, 924 to
934; Argentine, 881 to 884 ; Peruvian, 804 to 81;
Italian, 55 to 551 ; Mexican, 14 to 144 ; Chilian,
974 to 98, ; Danubian Seven per Cents., 854 to
$6l ; Brazilian, 874- to 88 ; Portuguese, 321 to 334 ;
,and Russian Oriel, 864 to 874. The New Russian
Loan has advanced from 4 to 41 prem.
77 to 7
lathe7R4
;ailway Market Caledonians are quoted
Great Eastern, 374 to 38 ex div. ;
Great Northern, 1134 to 1144 ex div. ; ditto (A),
1164 to 117 ex div. ; Great Western, 651 to 66 ;
Lancashire and Yorkshire, 1251 to 1251 ex div. ;
London and Brighton, 43! to 44 ex div. ; London,
Chatham, and Dover, 141 to 154 ; Loudon and
I%TorthWestern, 1231 to 1234 ex div. ; London and
south Western, 89 to 90 ex div. ; Metropolitan,
~,
'BZ to to 791 ex div. ; Midland, 124 to 1244 ex div.;
North Eastern (Berwick), 126 to 1261 ex div. ;
and South Eastern, 75 to 754 ex div.
American Five-Twenty Bonds are 904 to 901 ;
Eries, 21 to 22 ; and Illinois, 1104 to 1114.
Lombardo-Venetian is 20 to 204 ; and Great
Luxembourg, 134 to 14.
In Telegraph Shares India Rubber are 58 to 584
ex div.; Anglo-American, 164 to 164 ; British In-
dian Submarine, 124 to 124 ; Falmouth, 1 to 11
prem. ; Anglo-Mediterranean, 18 to 184 ; China
Submarin, Ito dis. ; French Cable, 151 to 16
ex div. ; and Construction and Maintenance, 411
to 43i.

In Bank Shares Imperial Ottoman, are 31 to 4
Preto. ; Agra (A) is 111 to 12 ; Alliance,l2l to 131 ;
Anglo-Austrian, 16 to 18 prem. ; Chartered Mer-
cantile, 32 to 33 ; Consolidated, 41 to 4! ; London
and County, 471 to 481 ; London and Westminster,
go to 61; London Joint-Stock, 32 to 33 ; and
Union of London, 37 to 38.
In Miscellaneous Shares Credit Foncier are 2i- to
3 ; General Credit, to dis. ; International Finan-
cial, 1-1. to I dis. ; Hudson's Bay Company, 121 to
124 ; Italian Irrigation Six per Cents., 63k to
641; London General Omnibus Company, 2 9-16
t° 2 11-16; National Discount, 11 to 111 ; Penin-
sular and Oriental Steam, 431 to 441 ; Royal Mid!
Steam, 551 to 561.
At Mark-lane to-day the corn market opened
with a rather firm tone, and stiff rates were asked,
but not paid.
The Prussian, from Portland, has brought only
£l,OOO in specie.
A proposal has been brought forward for the ex-
tension of the Post-office telegraphs to the colonies,
but Whether it will be adopted remains to be seen.
Cost is placed at £4,000,000 sterling, or at 31 per
4131.; £140,000 per annum. There is to be £24,000
Ales of continuous cable, without landing upon
thelli shore of any foreign country. The estimated
net revenue is £500,000 a year, leaving £360,000
ai
year to be applied in laying duplicate cables
throughout.
replhe following cites an instance which it may be
d will constitute a precedent of the prompt
;ero bill
the Post-office of an amount received for
telegrams unduly delayed in transmission. The
Writer suggests whether the Post-office could not
5 held liable for loss arising from delays, but the
13lao would be wholly impracticable, since there
could be no means of reasonably measuring such
i °33es• All that can be required is a general de-
ee of efficiency, coupled with the immediate re-
turn of money in exceptional cases. The public
have
not shown much patience with regard to
recent irregularities, but it may be doubted if a
transaction so gigantic as that of the transfer of the
telegraph With system to new hands simultaneously
a general extension of its facilities has
ever been conducted with equal precision Sir,—
It may be interesting to the public to know that,
;
nil. the event of a delay occurring in the transuais-
-1/I°ll of a telegraph message, the sender, on show-
ing the delay to the Secretary of the General
post Office, will have the money returned. I have
lust received back 2s. 6d., being the price of two
messages sent by me, and which were not delivered
ddue course to their destination, but unduly
delayed
in transmission. It may be a question as
to Whether the Post Office cannot be held liable for
11ilY loss arising out of such delays in addition to
having to return the price of the telegrams. Let
113 hO9O that in future they will expedite the trans-
11ission of messages, so that no such claims would
,1
"rendered necessary.—Yours, &c., A Merchant."
The general meeting of the Societe Generale de
1 Inpire Ottoman will Ile held on the 12th of May,
at Constantinople, "to receive and approve the
accounts for the year ending 31st December, 1869,
to hear the report of the council of administration,
and to fix the dividend."
The annual meeting of the Great Northern Tele-
graph Company of Copenhagen will be held on the
2d of April, when a dividend for the past year will
be recommended.
It is stated that the Hungarian and Roumanian
Governments have fixed on the Valley of the Oltoi
as the point of union for their respective railway
systems. By this arrangement, a line of 220
miles from Constantinople to Schumla—on the
Varna and Rustchuk Railway—would suffice to
place the Turkish capital in connection with
the central routes, and through them with Wes-
tern Europe.
The Liverpool Journal of Commerce, referring to
the suspension of Goculdas, Liladbur of Bombay,
recently announced, states that the losses chiefly
arose from shortcomings of cotton consignments,
and that several influential native traders have
offered pecuniary assistance to facilitate arrange-
ments with the creditors on the estate, in order
that the insolvency proceedings may be stayed.

BRITISH FUNDS—OLOSING PRICES.
GOVERNMENT EUNDB.
3 per Cent: Consols
9921 i.
Ditto for Account
2i
8 per Cent. Reduced 9li
New 3 per Cent
New 2/ per Cent. Jan. 1894
Do. 5 per Cen Jan. 1873
&nullities, 80 yrs, expire sth Jan., 1880.
Do. for 30 yrs, expire sth April 1885 —
Do (Red Sea Telebraph), Aug., 1908 —
Exchequer Bills, £l,OOO, 21 p. Ct. March
Do Do. 4 do. June 3
£lOO, £2OO & .£5OO —
Bank of England Stock, 41 per Cent
De. opening
anada 4 per Cent. Bonds —
Inter-Colonial Ommum
, INDIAN G3VERNhiENT SECURITIES
Luella Stock IN, per Cent., April 1874...
Do. Opening, for Account —
Do. o per Cent. July, 1880
Do 4 per Cent. Oct. 1888
Do. Enlaced Pare. 4 per CAnt...... —
Do. 5 per Cert., Jan. 1872 .... lO3l
1330. 51 per Cent. May 1879
a 5 per Cent., Rup. D3f-o. 1872...
Do do 187.,... —
Do. do. 1882 —
I,s). Deb., 5 per Cent., Aug. 1873 ~ —
D.
Bond; 4 per Cent., £l,OOO
Do. under £l.OOO

%rOREIGN FUNDS—CLOSING PRICES.
entitle Republic, 6 per Oent
lio Acmunt
zrazilian 5
Atlitriau Bonds 5 per cent
~ . Do. 1859 —
per Cent 79
~,°. q per Cent. 1852 —
do 1858..... BO
1)0, du
1860 —