The Sun.
London, England, 1870-03-02 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
The business on the Stock Exchange to-day was
decidedly an improvement on that of yesterday.
Consols are firm at their quotations, and Continen-
tal securities were also better, but Americans must
be quoted the turn lower. Railway shares were
somewhat in request, and improved quotations have
to be noted fcr Telegraph shares. The rate of dis.
in the open market is 3 per cent. for first-class bills.
Consols are now at 924 to 92i for money;
ditto, for Account, --; Three per Cent. Re-
duced, 91i ; New Tkree per Cents, 91i k ;
ditto Annuities, April, 1885, 11.
Exchequer Bills £l,OOO, March, prem. ; June,
2 prem. ; ditto £lOO, £2OO, and £5OO, March, ;
June, ; Bank of England Stock, 44 per
Cent., 2 2.

India Stock, 104 per Cent., April, 1874, ;
ditto 5 per Cent., July, 1880, ma ; ditto 4 per
Cent., Oct., 1888, 993 1 ; ditto Eufaced Paper,
54 per Cent., 1879, 1091.
In the Foreign Market Argentine Sixes are
873 to 871; Brazilian Five per Cents., 1865), 871
to 881 ; Egyptian Seven per Cents., 1868, 79 to
795 ; Italian Five per Cents., 1861, 55 to 551 ;
Mexican Three per Cents., 14 to 141 ; Peruvian,
801 to 811 ; Spanish New 'Three per Cents., 1865,
261 to 261 ; Turkish Five per Cents., 454 to 451 ;
ditto Six per Cents., 1865, 684 to 681 ; Grenada
New Three per Cents., 40 to 41 ; ditto Deferred,
101 to 111 ; Orel Vitepsk, 86 to 87; Nicolai, 681
681 ; Moscow Jaraslaw, 83} to 84 ; Charkof Azof,
821 to 83f.
In the Railway Market Caledonians are marked
774 to 773 ; Great Eastern, 37/ to 38 ; Great
Northern, 1134 to 114 ; ditto (A), Stock, 1141
to 1151 ; Great Western, 65 to 651 ; Lancashire
and Yorkshire, 125 to 1251 ex div ; London and
Brighton, 424 to 42i ex div. ; London, Chatham,
and Dover, 144 to 141 ; London and North
Western, 1211 to 122 ; London and South Western,
901 to 934 ; Manchester, Sheffield, and Lincoln,
491 to 504 ; Metropolitan, 79 to 791 ; Midland,
1211 to 1221 ; and South Eastern, and Dover,
744 to 744 ex div.
In Miscellaneous Shares Credit Foncier are 23 to
3 ; Hudson's Bay Company, 121 to 124 ; Italian
Irrigation Six per Cents., 63i to 641 ; London
General Omnibus Company, 21 to 21 ; National
Discount, 11 to 114; Peninsular and Oriental
Steam, 43 to 44 ; Royal Mail Steam, 55 to 56 ;
and Telegraph Construction, 434 to 433.
Anglo-American Telegraph Shares are 164 to 14
Anglo-Mediterranean, 18 to 184 ; Atlantic, 12 to
14 ; ditto Eight per Cent. Preference, 14 to 2 ;
Britiish Australian, 1 01 dis. ; British Indian Sub-
marine, 120 to 12 13-16 ; British Indian Exten-
sion, 1 to I dis.; China Submarine, 14 to 1 dis.;
Falmouth, Malta, and Gibraltar, 1 to 1 prem.; At-
lantic, 154 to 151 ex div. ; Reuter's Telegram
(New), 121 to 12/ ; and West India and; Panama,
2 to 11 dis.
In Bank Shares Alliance are 13 to 134 ;
Anglo-Ausrian, 17 to 18 prem. ; Chartered Mer-
cantile of India, 32i to 33 ; City Bank, iO4 to
111 ; Consolidated, 4 3 prem.; Imperial Ottoman,
3 5-16 to 3 7-16 prem. ; London and County,
47 to 48; London Joint-Stock, 324 to 33 ; and
Union of London, 37 to 374.
The Corn Market opens quiet, but with rather a
steady tone.
The sum of £7,000 in gold was taken to the
Bank yesterday.
Advices from Lisbon describe steadiness on the
Exchange, and state that recent reports of political
disquietude were unfounded.
The advices from Buenos Ayres are to the 31st
of January. The latest' accounts from Paraguay
were considered important. Lopez having aban-
doned his position and fallen back in the direction
Of the River Apa, while the Count d'Eu, aware
Of the movement, bad despatched forces up the
river with a view to cut him off. All the families
Lopez's last encampment were now passing to
the allies in a state of misery. President
Sarnaiente was about to proceed from Rem-
tio to Entre Rios, where General Urquiza had
"'lade splendid preparations for his reception. Vice-
President Alsina was in charge of the Executive
daring the President's absence, and was about to
Publish some important decrees, one respecting
summary punishment, and anothsr to facilitate the
business of the port in the loading and discharging
of vessels. The fact of the wheat crop this year
havingA proved extremely abundant throughout the
Argentina Republic was a subject of special con-
gratulation.
The order for the cable for the Marseilles, Algiers,
and Malta Telegraph Company, accompanied by
the necessary payment on account, has been given
to, the Telegraph Construction and Maintenance
Company.
The annual report of the Van Dieman's Land
Company has been issued. It announces a dividend
of 28. 6d. per share, and states that a change of
agency and more economical management hold
out hopes of an improvement in the company's
Position.
At the meeting of the Telegraph Construction
a" Maintenance Company (Limited) and Reduced,
the report was adopted, and a dividend, as recom-
mended, of 74 per cent., making, with the interim
Payment of 21 last July, 10 per cent. for the year,
was declared. It was anticipated that the Red
Sea section would be submerged by the end of the
Present month.
At the annual meeting of the London General
Omnibus Company (Limited) the report was
adopted, and a dividend of 3s. per share, being at
the rateof 74 per cent. per annum, was declared.
The revenue account for the half-year ending Dec.
31 last shows a profit of £29,508 Bs. 3d., and,
after paying the dividend, adding £4,649 11s. 9d. to
.tne general reserve fund, and writing £2,500 off
first,, establishment account, the sum of £2,253
us. 3d. will be carried forward.
The dividend on Great Western Railway Origi-
nal Stock for the half-year was officially announced
today at the rate of £3 4s. 6d. per cent. per
annum, against 10s. for the corresponding
period of 1868 ; South Wales Ordinary £3 ss. Gd.,
against £3 ss. ; West Midland (Oxford), £1 165.,
against 15s. ; and West Midland (Newport),
£1 135., against 17s. Gd. The balance carried for-
avard is £14,800. It is mentioned that, ccof the
dividend on the Original Stock, about 7s. 6d. per
cent. is there to exceptional credits, which have
been brought to account in the consolidations or,
the sectional stocks."
The rate of insurance on the steamer City of
Boston, from Halifax, remains at 40 guineas
premium.
of
fs
The Liverpool Journal of
Commerce says
Me
So
far as can be ascertained, the failure
Dickson Brother and Co., Australian
naerchalnstres.
was quite unexpected, and it is said that upward;
of 1,28,000 of the liabilities are due in Glasgow,
and £6,000 in Manchester. The greater portion of
the remaining debts lie amongst London houses,
amounts being also duo to houses in Leeds, Brad-
ford, Iludderefield, &c."

BRITISH. FUNDS-CLOSING PRICES.

~ UOVERNMENT ItiND°.
0 Per Cont. Consols
...._
l° for Amount
~ Pet Cent. lie Need 9l;
ew 3 put. Cent
'clevr 21,. •(:, t Jan. 1891
, , pot ,(11 .
~,
A 'Jo. 5 per Cen Thi 3 Q/kunities, SO yrs, expire sth Jill], 1880.
•po. for 3o yrs, tYx.piro sth April 18?;-, ll
ou o,i Sea Toley,raplil, Aug.. 191'8•••
I''he(111 ' 1"11 41 OUU 21 p• Ct. March
..:..4 ~ s, , , 2 .
Do. 21. do. June 2
i, be
ZlOO, .C2OO & £5OO —
13441 c of Englind Stock,ali por Cent
-t)(4. opening
14114(la per Cont. Bonds —
titer-Coonial Oinuttini 1 ~iNota.l4 (iiVERNMENT bECURITIEs.
4,1'4 Stock, loi per Cent., April 1871.„
Do,° °Peniug, for Account 3)0 0 Par Cleut.July, 1880 llll
Duo,
_ 4 Pe: Cent. Oct. 1888
991
Ilnfacod Pap 0
ui 1 per .nt.......
&I•
P ,i
,por Own., Jan. 1872 . ....
Per °tut. Ilay 1b79 t• 109 i