The Sun.
London, England, 1870-01-12 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLoCK.

In the leading markets there has been a reduction
of is. to 2s. per quarter for wheat, but the floating
cargo trade was stronger, the delay in the expected
arrivals having compelled several purchases at full
if not stiffer prices. At Mark-lane the show of
English wheat was very scanty, and Monday's rates
Were nominally unchanged. Best red, 44s to 46s ;
best white, 46s to 48s. Foreign wheat on stands
move off slowly at Monday's decline. Russian, 38s
to 43s ; American red winter, 41s to 445. Barley
remains steady.

Consols are now at 921 to 921 for money;
ditto, for Account, ; Three per Cent. Re-
duced, 921 1s ; New Thee per Cents, 921 ;
Exchequer Bills £l,OOO, March, prem ; June,
prem. ; ditto £lOO, £2OO, and £5OO, March,
; June, prem ; Bank of England Stock,
41 per Cent., 238.
India Stock, 101 per Cent., April, 1874, 2071 9 7;
ditto 5
per Cent., July, 1880, 112 ; ditto 4 per
Cent., Oct., 1888, 1001 ; ditto Enlaced Paper,
4 Per Cent., ; ditto Bonds £l,OOO, 21 prem.

In the Foreign Market business is dull but
prices have not materially given way. Egyptian
(1868) Bonds are quotad 80i to 81} ; Viceroy's
Seven per Cents., 81 to 811 ex div. ; Italian, 551
to 55j ex div. ; Peruvian, 811 to 814 ; Portuguese,
33 to 331; Russian (1862) Bonds, 86+ to 864 ;
Ore], 831 to 831; Nicolas, 65i to 66 ; Moscow,
81 to 811 ; Charkof, 821 to 82.1 ; Spanish, 26-1- to
27} ; Turkish Five per Cents., 46j to 47 ; and the
Six per Cents., 661 to 67.

laln Railway Shares Berwick have improved and
South Eastern 1. Caledonian were 75} to 76 ;
Great Eastern, 384 to 381 ; Great Northern, 110
to 111 ; ditto (A), 111 to 112 ; Great Western,
601 to 60f ; Lancashire and Yorkshire, 128 to 121 ;
London and Brighton, 461 to 46+ ; London, Chat-
barn, and Dover, 14+ to 15+ ; London and North
Western, 124 i to 1241; London and South Western,
92f to 93f ; Metropolitan, 791 to 79k, a rise of
1 per cent ; Midland, 123 f to 1231 ; North Eastern
(Berwick), 127 to 127 f ; and South Eastern, 78
to 78k.
Lombardo-Venetian, have improved I, 21 to 211;
Great Luxemburg, 131 to 13k.
American Five-Twenty Bonds are lower, at
86i to 86i ; ditto Ten-Forty Bonds, are 84k to 85 ;
Erie Shares are 1- lower, at 17 to 17f ; and Illinois
102} to 103 f.

In Bank Shares, London and Westminster, 10.
higher, at 60 to 61 ; and Consolidated 2s. 6d, at
41 to 4i ; Agra (A) is steady, at 12 to 12k;
Alliance,l4 to 15 ; Anglo-Austrian, 15 to 17 prem. ;
and Chartered Mercantile, 31f to 321 ex div. ;
Imperial. Ottoman, L2l to 2j- prem.
In Telegraph Shares there has been a good busi-
ness. British India and French Cable are 141 to
141 and 17 to 17.1 respectively ; Anglo-American,
191 to 19f ; China Submarine, 1 to 4 prem. ; Fal-
mouth, 31 to 31 prem. ; and Construction and
Maintenance, 34 to 31+.
In Miscellaneous Securities General Credit is
flat, at 4 dis. to par, being a decline of 1 ; Interna-
tional Finance is quiet, at lft to 1f dis. National
Discount, is firm, at llf to 12 ; and Hudson's Bay,
12 to 121 ex div.
There were no gold operations at the Bank yes-
terday.

The Rhein, from New York, has brought
£10,015, and the Bonny, from the West Coast of
Africa, £2,800.

The Manchester markets this week have opened
without activity.
The tenders for £1,518,400 Five per Cent. De-
bentures of the colony of Victoria (the remainder
of the Railway Loan authorized in 1868) have been
received by the committee of the six associated
-Australian banks at the London and Westminster
Bank, and proved to be 277 in number for a total
of 2,2,715,800, all, with the exception of one or two,
which were for very small amounts, at terms in
excess of the minimum price fixed—viz., £lOO 10s.
There were three tenders of £143,700 each, one of
them being at £lOl 15s. Gd., the highest price
offered. It is understood that no tender under
£lOl will participate, and that the applicants at
that price will receive only about 50 per cent. of
the sums asked for.
The people styling themselves " Messrs. Voelcker
and Co., bankers, of Vienna," are again at their
old practice of sending Austrian lottery tickets to
persons in this country, whose names they take
the liberty of printing on these tickets, and from
whom in return they request a remittance of £5.
From the pertinacity with which they pursue their
trade, it may be presumed they find some indivi-
duals simple enough to respond to their invitation;
but it is to be regretted there are no means by which
Some penalty could be inflicted upon them for their
discreditable habit of putting into type the names
of those who have no desire to figure in connexion
with them.

Mr. Robert William Kennard, senior partner in
the firm of R. W. Kennard and Co., of Thames-
street, and one of the oldest and best known iron-
masters in this country, died yesterday morning.

The Metropolitan Railway traffic return shows
this week an increase of £265, compared with the
corresponding period of last year; the ➢letropo-
litan District an increase of £49 ; the Metropo-
litan and St. John's-wood an increase of £lO ; and
the Glasgow and South-Western an increase of
£1,575.

The Anglo-Argentine Company (Limited) have
-"minced an issue of £25,000, in 15 per cent.
Preference 03
ares of £1 each, on which 3s. per share
pillse required. The increased capital is princi-
to provide amalgamating machinery in addi-
tion to the stamping machinery already sent out,
experience having shown that much gold which
would otherwise be lost may thus be secured.
The report of the Consolidated Bank (Limited)
recommends a dividend of 2s. per share, or at the
rate of 5 per cent. per annum, which will absorb
£20,000, and leave, after an appropriation of
£3,500 to special reserve, a balance of £4,531 to be
carried forward.
The accounts of the London and St. Katharine
Docks Company, for the half year ending Dec. 31
last, show a balance applicable to a dividend, which
will be equivalent to 1k per cent. for the half year.
At the meeting of the Westminster Brewery
Company (Limited) a dividend was declared at the
rate of 5 per cent.

BRITISH FUNDS--CLOSING PRICES
tiovErtNatENT Iv"
2 per Cent. Consols 5.
Ditto for Aceoun 92i i 1.
t
3 per Cent. Iteduced —
New 3 per Cent 924 Is 4
New 24 per Cent. ,ran....lWQ• ** ..............
Do. 5 per Cen 3„ 413
Annuities, SO vre, expire stl. —
Do. for 30 yrr, expire sth4AjprainllBlBBsB.o --
Do (Red Sea 'rele6raph),
Exchequ:,r Bills, £l,OOO, 24 pit Irk ...
DO. 3 do. *-- yell
Do .£100,..£200‘ ee x5OO ....
Bank of England Stock. 44 per oe
.. nt
D. opening ...................................
Canada 4 per Cent. Bonds
uter-Colonial Uranium
INDIAN dOVERNMENT SECURITIRti
IndiA stock 104 per Gent., April 1874... 2071 0 7
De. Opening, for Account
D ~ 3 per Cent..fuly, 1880
D• 4 per Cent. Oct. 1888
Do. Enlaced Pape. 4 per °Ant.. ..,, —
Do. 5 per Cert., Jan. 1872 .... ..,. •
Do. 54 per C.sint. May 1879
Da 5 per Cent., Rup. De 4,, 1872., —
Do do 18' -,

Pm
inn

Do. do. 1832
.L. Deb. 5 per Cent., Aug. 1,873 ~
Do. Bong, 4 per Cent., £1,000
DO. under £l.OOO —
FOREIGN FUNDS—CLOSING PRICES.
Sro..-entith, Hopubllc, 6 per Cent ...
Do. Account
A.uurian tionds 5 per cent ..
Do. 1859 —
Brazilian 5 per Cent ___
[lO. 4i per Cent. 1852
Do. do 1858 .
Do. Cu 1860 —
Do. do., 1863 —
Do. 5 per Cent., 1865
De. Account .. —
24emos Ayres 6 per Cent 9O:
Do 2 per Cont. (Deferred 3 per Coat ) --""
Glub4, 6 per Cont.
Oxidtan 6 per Cent --:
..
,e..z4i4)er Cent...". -.
DC). 3 per Cent.,

Do. 7 per Cent., 1866
Do. 6 per ce,lt. 1867
lo,nbian, 6 per Cent.
Danisn 3 per Cent., 1825........, —
Danat)ian Principalities, 7 par Cent —

10. Account

Do 8 per Cent., 1867 —
cuador New Consolidated, 1 per Cent
Egyptian, 7 per C0nt..... B4l 5
U Second Issue —
Do. £SOL Bonds —
Do. 1864
Do. Account .. —
Do. £5OO Bonds
Do. £IOC Bon is
Do. 7 per Cent., 1868 ...... Bl/ 80i 11
Do. £lOO Bonds
Government Railway Debentures 9Bl 71
nett 5 per Cent., 1824 5, ex Coups —

Do. Coupons
Gnatemala:s por Cent ..
liondurasGov Rail. Loan.,lo p.,Ct., all pd 80 11

Do. Acc.uut
5 per Cent., 1!65
Do. Account ~

Do Ibtrommana Railway

exicaL 3 per Cent
Ditto for Account
Dn. 1864
Do 6 per Cont. Anglo-French

aontevideau 6 per Cont. . —
Accrish lmperia. 5 rer Cent
New Granada lBl
Do 3 per Cen —
Do. Deferred
Do Laud Warrants (Hectares)
Peruvian 5 per Cent. 1865

Do Account
Do 4 per Cent. (Ih:,,arren)
Do 41 per Cent., 18E2
Do Account
Do 6 per Cent.,1862 •••
Portuguese 3 per Ct., 1853, '6, 7, '9,'60,'2.'8 331
Do. do. 1867
Do. do. Scrip, £2O paid —
Russian 5 per Cent., 1822, £ St
Do 44 per Cent 1850
Do 41 per Cent., 1860
Do 3 per Cent., 1859
Do 5 per Cent., 1862
Do do, Scrip
Do. Anglo -Dutch, 1864, £lOO Bonds , 911
Do. do. £B4 15s. do ,
Do., 1866, £lOO Bonds 9ll
Do. do £B4 15s. do —
Do Nicolas Railway 66
Sardinian 5 per Cent
Spanish 3 per ()en .
Do. Account
Do. 1867
Do. Account
Do. New Deferred 261
Do. Passive
Do. Com. Cert. of Coup. not funded
Do. Account
Swedish Provincial Mortgage Loan
Do Government, 1864
Do do, 1868
Turkish 6 per Cant
Do Account
Do 6 per Cent. 1858
Do Account
Do £IOC Bonds 75/
Do 6 per Cent., 1862
Do. Account
''o £lOO Bonds
Do. 5 percent. 1865 661
Do Account
Do 6 per Cent., 186 b
Do. Account
D 4 per Cent., Guaranteed
Venezuela 3 per Cent.
Do 6 per Cent. 1864
Dividends on the above payable in Londo,
A.ustrlso a per Cent. Ex 10 Florins
Belgian, 41; per cent., Ex. 25f.
Dutch per Cent. Ex. 12 Gail l2
Do. 4 per Cent. Certificates
French Rentes, 3 per Cent., Ex. 25f.
Italian 5 per ent. 1861, Ex. 25f
Do Account
CLOSING PRICES.
Consols, Money •• O 921
Do. Account, Feb. 3

Boum; Jan. 11.—Thi
closed as follows :

4 per Cent.
End of month —
3 per Cent
End of month 74 75
Credit Mobilier 207 50
Transatlantic 220
Credit Foncier 1722 50
Paris Gas 1640
RAIL WA'

Orleans
Wesinrn
Northern

.ee o'clock—The market

Bank Shares 2840
Ithlsan Fives 56 60
Austrian Fives
Ottoman Loan
Do. Debt 45 35
Spanish Threes
Home Debt —
Deferred —
's, Cash.,
... 957
637}
1125

Strasburg • • 590
Lyons and Mediterranean
Southern..... 592
Sardinian

Austrian
Lombard

North of Spain
Saragossa
Roman

RAILTVAY INTELLIGENCE.

LONDON AND GREENWICH.

The half-yearly meeting of this company was
held yesterday at the office, Gresham-bonse, Old
Broad-street; Mr. It. Kynaston in the chair.
Mr. H. Adron, the secretary, read the notice
convening the meeting and the statement of ac-
counts, from which it appeared that the balance
from the preceding account amounted to 11,115,
the half-year's rental from the South-Eastern
Railway Company to £22,500, the transfer fees to
£2, and the balance of interest to £3o—total,
£22,647. From this was deducted £10,201 for
interest on bonds and preference stock, £404 for
expenses, and £249 for income-tax, leaving a
balance of £11,793, out of which the directors pro-
posed a dividend of £1 7s. ld. per cent. on
£861,540 ordinary stock.

On the motion of the CHAIRMAN, a resolution
was passed declaring a dividend at the rate of £1
7a. Id. per cent., or ss. sd. per share, for the half-
year ending the 31st of December last. The re-
tiring directors, Mr. R. Kynaston and Mr. A. R.
Bristow, were unanimously re• elected.
The CHAIRMAN said that, under the recent Act,
they were bound to elect auditors, and that Captain
Routh and Mr. T. Norton had, at the request of
the Board, audited the accounts on that occasion.
They were large shareholders and willing to serve,
and it remained, therefore, with the meeting to con-
firm their appointment, or otherwise. •
On the motion of Mr. Letchworth, Captain Routh
and Mr. T. Norton were unanimously elected audi-
tors of the company.

The proceedings concluded with a vote of thanks
to the Chairman and directors.

BREAKFAST.—Errs's COCOA.—GRATEFUL AND COM
FORTING The very agreeable character of this preparation has
rendered it a general favourite. The Civil Service Gazette' re-
marks :—" The singular success which Mr. Epps attained by his
homceepathic preparation of cocoa has never been surpassed by
any experimentalist. By a thorough knowledge of the natural
laws which govern the operations of digestion and nutrition,
and by a careful application of the fine properties of well-selected
cocoa, Mr Epps has provided our breakfast tables with a deli-
cately flavoured beverage which may save us many heavy doc-
tors' bills." Made simply with boiling water or milk. Sold
only in tin-lined packets, labelled "JA3dzS EPPS and Co., Hemo)
pathic Chemists. London.
John W. Stevenson, who has just been elected by
the Kentucky Legislature to succeed Hon. T. C. M'Croery
in the T.T. S. Senate, for the term commencing March 4th,
1871, is the son of Andrew S tevenson, a well-known states-
man of Virginia, and Speaker of the U. S. House of Repre-
sentatives from 1828 to 1834. John W. Stevenson was
born in Richmond, Va., and having graduated at the Uni-
versity of Virginia, read law, and in 1841 commenced the
practice of his profession at Covington, Ky. From 1845
to 1847 he was a member of the Kentucky Legislature,
and in 1849 was elected to the Constitutional Conven-
tion of Kentucky. He was a delegate to the Democratic
National Conventions in 1848, 1852, and 1856 ; was three
times a candidate on the Electoral ticket, and was one
of the three Revisors of the Civil and Criminal Code
of Kentucky. Ho was elected Representative to
the Thirty-fifth and Thirty-sixth Congresses, serving
from 1857 to 1861. In 1866 he was a delegate to the
"National Union Convention," held in Philadelphia, and
in August, 1867, was elected Lieutenant-Governor
of Kentucky, but succeeded to the acting Governor-
ship by the death of Governor John M. Helm, one week
after his inauguration. In 1868 he was elected Governor
for the unexpired term of three years, ending September
I.B7l.—Public Ledger.

A naval officer attached to one of the ships of
the Channel Squadron, writing home a few days
since, and referring to the last cruise of the ships
between Gibraltar and the Tagus, says :—" The
Minotaur has sprung all her lower yards, and the
Hercules has disabled all her guns. The latter, it
is said, is to go home to England."
The 12 inch 600-pounder rifled muzzle-loading
gun of 25 tons, at Shoeburyness, now being tested
as to its powers of endurance, is about to be sub-
jected to the ordeal of the second hundred rounds
of the 500 rounds ordered to be fired with 671 b.
charges of rifle large grain powder and Palliser shot
and shell of 6001 b. weight. The mean range of
this powerful gun, atlo degrees of elevation, is
found to be about 4,000 yards.

The very extensive Distillery now being erected
at Belfast, with all recent improvements for the manufacture of
Irish whisky, by Messis. DUNVILLE & Co., who have gained
a world-wide celebrity for their fine old Irish whisky, is to be
called " The Royal Irish Distillery."