The Sun.
London, England, 1870-02-25 00:00:00

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ivIONEI MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK

The business of settlement engages most of the
attention of the brokers to-day ; and although
transactions are by no means numerous, prices are
firm. In the Foreign market there has been less
fluctuation, but in the Railway market Metropoli-
tans are to a great extent prejudiced by the late
decisions of the Vice-Chancellor, but notwithstand-
ing they now show an improvement on the opening
price.

Consols are now at 921 to 921 for money;
ditto, for Account, ; Three per Cent. Re-
duced, 92/ 3 21 ; New T':.ree per Cents, 921 3 21 ;
Exchequer Bills £l,OOO, March, prem. ; June,
prem.; ditto 1100,1200, and £5OO, March, 2 dis.;
June, 2 dis. ; Bank of England Stock, 41 per
Cent., 2 (01.
India Stock, 101 per Cent., April, 1874, 209 71 ;
ditto 5 per Cent., July, 1880, 1111 1 ; ditto 4 per
Cent., Oct., 1888, 1001 ; ditto Enfaced Paper,
5 per Cent., 1877, 1041 ; ditto Bonds £l,OOO, 20
25 prem. ; Metropolitan Board of Works, 931.
In.the Foreign Market Egyptian (1868) Bonds
are 781 to 781; the Five per Cents., 1861, 551 to
Mexican, . 131 to 14 ; Peruvian, 801 to 801 ;
Spanish, 261 to 27 ; Turkish Five per Cents., 44/
to 451; ditto Sixes, 681 to 68} ; Orel Vitepsk,
851 to 86 ; Nicolas, 681 to 681 ; Moscow Jaroslaw,
83. to 831.
In the Railway Market, Caledonian are at 77 to
77} ; Great Eastern, 381 to 381 ; Great Northern,
117 to 118; ditto (A), 1181 to 1181; Great Western,
621 to 631; Lancashire and Yorkshire, 1281 to 1281;
London and Brighton, 42 to 43 ex div. ; London,
Chatham, and Dover, 141 to 15 ; London and
North Western, 1241 to 1241 ; London and South
Western, 931 to 931 ; Midland, 1231 to 124 ;
North Eastern (Berwick), 128 to 1281; South
Eastern
.76} to 77 ; Manchestey, Sheffield, and
Lincolnshire, 491 to 701 and. Metropolitan, 781
to 781.
American Five-Twenties are 90 to 901 ; ditto
Ten-Forties, 851 to 851 ; Erie, 22 to 221 ; Illinois,
1111 to 1121 ; Atlantic and Great Western Bonds,
281 to 29}; and Debentures, 311 to 321.
Anglo-American Telegraph Shares are 161 to 17 ;
Anglo-Mediterranean, 191 to 191 ; British Indian
Submarine, 151 to 151 ; Falmouth, 11 to 11 prem.;
French Cable, 151 to 151 ; Construction and Main-
tenance, 421 to 431 ; and India Rubber, 60 to 61.
_ _

Lombardo-Venetian, 191 to 20 ; and Great
Luxembourg, 13j to 14.

In the Bank Shares Agra are 11f to 12 ; City
Bank, 121 to ilk ; Imperial Ottoman, 3 1-16 to
3 3-16 prem. ; London and County, 48 to 49;
London and Westminster, 61 to 61f ; and Union
of London, 37 to 37k.
In Miscellaneous Shares Credit Foncier, are 21 to
3 ; General Credit, 5-16 to 3-16 dis. ; International
Financial, 2 to 14 dis. dis. ; Berlin Waterworks,
151 to 15,1 ; Hudson's Bay Company, 121 .to 121;
India Rubber Works, 60f to 61f ex div. ; London
General Omnibus Company, 24 to 2i; National
Discount, 11 to 111; Peninsular and Oriental
Steam, 45} to 46f.; and Royal Mail Steam,
55i to 56k.
At Mark-lane to-day there was only a moderate
attendance, and rates were generally unchanged.
English wheat in scanty supply, and a slow sale at
about previous rates. Foreign wheat dull of sale,
but not pressed on losing terms. Flour remains
~,nominally on Monday. Barley quiet, at late rates.
Beans and peas steady in value, with a moderate
demand.
At a meeting held at the Westminster Palace
hotel, the Associated Chambers of Commerce of
the United Kingdom, after a discussion, in which
the representatives of the Leeds, Birmingham, Had-
dersfield, Dewsbury, and other Chambers took.
Part, unanimously voted the following resolution
Ou Captain Sprye's project for opening up trade
with the West of China and intermediate Shan
States of Burmah by the direct land route from
Rangoon toKiang-Hung:--,,That this asssociation,
being anxious that no opportunity should be lost
of facilitating the extension of British commerce,
and believing that the vast provinces of Western
and Central China present an important field for
commercial enterpri-e, memorialize the Secretary
of State for India in favour of completion of the
survey of the route from Rangoon to Kiang Hung,
on the Upper Cambogia River, proposed by Capt.
SPrye, that route being, in the opinion of this asso-
ciation, the most direct and practicable, and the
least likely to lead to political complications of the
many which have been suggested."
The Dover Telegraph reports the suspension of
Mr. Edward Edwin, solicitor and notary public,
with liabilities ranging from £20,000 to £30,000.
At a meeting of the creditors of Messrs. Dickson
Brothers and Co., of Melbourne, the liabilities were
Stated at £120,000, and the assets at about the
'Same amount. An offer of a composition of 15s.
in the pound was accepted.
On the application of Messrs. Lovelock and
Irwin, the official liquidators, Vice-Chancellor Sir
YV. M. James has made a call of £4 per share on
the contributories of the British Columbia and Van-
couver Island Spar,Lumber, and Saw Mill Company
(Limited) .
The half yearly meeting of the Ottoman Railway
Company is called for the 31st of March.
The Stock Exchange Committee have appointed
Thursday, the 3d March, a special settling day in
the scrip partly and fully paid of the Five per Cent.
4 an of the imperial Government of Russia; and
Homy, the 28th inst., a special settling day in the
shares of the Great Northern Telegraph China and
Japan Extension Company. Both are to be marked
io the official list.

The report of the directors of the Commercial
Union Assurance Company has just been issued.
The balance at the credit of profit and loss amounts
to i£61,296, which it is proposed to apportion as
follows,
viz.:—To payment of dividend at 10 per
cent., free of income tax, £25,000 ; to reserve fund,
£30,000; to balance carried forward to 1870,
£9,296 ss. sd.
At a meeting of the Anglo-American Telegraph
Company, the resolution recently passed for the
increase of the capital of the company to
£1,675,000, and the distribution of that sum in the
following manner, viz., £600,000 to the present
holders, £37,500 shares or £375,000 to the Atlantic
Company, and the residue £lOO,OOO, to debentures,
was confirmed. The chairman stated that the re-
ceipts for the month of January averaged £394 per
day, and for February, £547. The receipts of the
French Company were £287 per day. Adding the
Newfoundland's Company's proportion, the average
per day for February was £B2O, or the combined
earnings of the various companies for February
amounted to £1,107 per day. The Anglo- American
Company's proportion of this rate of receipts added
to the subsidy of £25,000 per annum will, it is
understood, be sufficient to paythe Anglo-American
shareholders about 10 per cent. on the increased
capital.

The half-yearly meeting of the Star and Garter
Hotel Company (Limited) has been held. Owing
to the books of the company having been destroyed
10 the recent fire, no accounts whatever were sub-
witted to the shareholders, at which considerable
dissatisfaction was manifested, and a motion for a
Committee of five shareholders, to confer with the
directors on the present position of the company's
was made, but it was ultimately negatived
by a narrow majority, after a long discussion, in
ec'esequence of the directors agreeing to adjourn the
Meeting till Thursday, the 10th of March. By
that time they hope to come to some definite
arrangement with the insurance companies for the
ta ttlernent of the company's claims on account of
the
Lite conflagration.
`fit the meeting of the Indo-European Tele-
gr 114, Ph Company (Limited), the directors' retort
as adopted.
4.he 3
Aiesars . lanchester Courier reports the failure of
er Pauw, Schneider, and Co., commission
Chants,beeted of that city. They are principally con-
with the China trade, and the stoppage is
attributed to the recent suspension of a house in