The Sun.
London, England, 1870-01-26 00:00:00

MONI ifi ii. :it li E T

AND
UOirtiALsitelAlA IN rELLI(34:N CE.

CITY, Two O'CLOCK.
On the Stock Exchange the chief business doing
to-day is the arrangement for the settlement of the
fortnightly account. The new Rusiian Loan is
already being dealt in, and the price is thus
early quoted 18 to 2 prem. Consols are unal
tered, but in the Foreign Market there has been
an unusual inquiry for Spanish Stock, and this, of
course has led to a trifling rise in the price. In
American Securities there has been a decline, the
greatest being in Erie shares. In Telegraph shares
Construction and Maintenace were in demand at
increased quotations, but in Railway, Bank, and
Miscellaneous shares the business has been on a
very limited
Consols are now at 921- to 921 for money ;
ditto, for Ac:ount, 921 ; Three per Cent. Re-
duced, 921 8 ; New Ttiree per Cents, 928 11 ;
Exchequer Bills £l,OOO, March, prem. ;
June, par ; ditto £lOO, £2OO, and £5OO, March,
par ; June, ; Bank of England Stock,
48 per Cent., 239.
India Stock, 10} per Cent., April, 1874, ;
ditto 5 per Cent., July, 1880, 112 111 ; ditto 4 per
Cent., Oct., 1888, 1001 4 f ; ditto Enfaced Paper,
4 per Cent., —; ditto Debentures, 103 f.
In the Foreign Market Spanish and Turkish have
improved, but Egyptian and Russian are lower.
Prices are now marked as follows :—Brazilian,
88 to 88i ; Egyptian Rail yap Loan, 978 to 971 ;
ditto (1868), 76] to 77; Viceroy's Seven per Cents.,
801 to 801 ; ditto Nine per Cents., 978 to 978 ;
Italian, 544 to 541 ; Mexican, 15 to 15} ; Peru-
vian, 781 to 79 ex all ; Russian (1822), 854 to 86;
Orel, 834 to 831 ; Nicolas, 65} to 66 ; Moscow, 808
to 81} ; Charkof, 82 to 824; Spanish, 271 to 271
ex div. ; Turkish Five per Cents., 431 to 43f ;
ditto Six per Cents., 66 to 66k ex div. ; and ,the
Scrip I to I prem.
In the Railway Market Metropolitan and Great
Northers; have declined, and prices are now as
follows :—Caledonian, 76± to 761 ; Great Eastern,
371 to 374 ; Great Northern, 111 to 111/ ; ditto
(A), 111/ to 1121 ; Great Western, 62 to 624 ;
Lancashire and Yorkshire, 127/ to 1284 ; Lon-
don and Brighton, 45 to 454; London, Chat-
ham, and Dover, 15 to 15f ; London and North
Western, 1234 to 124 ; London and South
Western, 93 to 94 ; Metropolitan, 79 to 794 ;
Midland, 122 to 1224 ; North Eastern (Ber-
wick), 125 to 1254 ; and South Eastern, 76
to 76k.
American Five-Twenty Bonds are 861 to 861 ;
ditto (1865), 86} to 861 ; ditto (1867), 85} to
85/ ; and the Ten-Forties, 844 to 841 ; but Erie
Shares are 17k to 18, a decline of 4 ; Illinois, 103.
to 104.

Lombardo-Venetian have recovered, and are
now 20 to 201 ; Great Luxemburg is 131 to 13f.
In Telegraph Shares, Construction and Mainte-
nance are in strong request at 361 to 361, a rise
of 1. Anglo-American is 191 to 191 ; Land and
Sea, I to 1 prem. ; British Indian Submarine, 14/
to 15 ; China Submarine, 1 to 1 prem. ; French
Cable, 17k to 18 ; and Falmouth, 31 to 4 prem., a
fall of it.
In Bank Shares Chartered Mercantile are lower,
viz., 34 to 32} ; London and County, 49f to 50f ;
London Joint Stock, 33 to 34 ; Agra (A), 11/ to
to 121 ; Alliance, 13 to 14 ; Anglo-Austrian, 13
16 prem. ; Imperial Ottoman, 21 to 21 prem. ;
London and Westminster, 60 to 61 ; Union of
London, 36 to 37; and London and South
African, 10f to 11.
In Miscellaneous Securities, General Credit is
die. to par. ; Intetnational Finance, 1 j 11 dis. ;
and National Discount steady, at 11f to 12.
At Mark-lane this morning the attendance was
moderate, and the trade generally quiet, with
scarcely any ceange in the general character. The
small supplies of English wheat moved off slowly at
Monday's rates. Foreign wheat was freely offered
and sparingly purchased at late currencies. The
flour trade was quiet, without change in prices.
Malting barley was as dear; grinding steady iu
value, with a limited demand. Beans ruled firm at
rather over the rates of last week. Peas steady in
value with a fair demand.
A further withdrawal of £25,000 in bar gold was
taken from the Bank yesterday.
The steamer from Alexandria, with the heavy
portion of the wail, due at Southampton on Friday

evening, is expected to bring £375,000 in Austra
Tian gold.
Messrs. N. M. Rothschild and Sons yesterday
issued the prospectus of the new Russian loan. The
amount is £12,000,000 nominal, bearing interest at
5 per cent., and the emission price is 80 per cent.,
the bonds being in sums of £5O, £lOO, £5OO, and
£l,OOO each, with coupons payable half-yearly on
the Ist of August and Ist of February. A sinking
fund will reimburse these bonds at par in eighty-
one years by annual drawings, the first of which
will take place on the Ist February, 1871. The
object of this loan, the prospectus states, is the
reinforcement of the Imperial Railway Fund,
for the completion of the State railways, and
in order to assist in the future development
of the network of such undertakings, con-
cessions for which have been granted to five
specified companies. Reckoning the discount
given for payments in advance, the price of the
Stock will be reduced to about 79i, which is consi-
derably below the existing Russian Five per Cent.
Loans. The relative cheapness of the Bonds and
the high repute of the firm under whose auspices
they are offered may be considered as assuring the
success of the loan, particularly since Russian
Stocks have always been popular with a large class
of investors, from the confidence felt in the stabi-
lity of the borrowing State, and the punctuality
and fidelity with which its obligations to foreign
creditors have been discharged. Applications for
allotments are to be received here from Thursday
to Monday next, both inclusive, and lists will
also be opened in Paris, Frankfort, Amsterdam,
and Berlin. It is understood, however, that large
amounts have already been subscribed, and the
Stock was this afternoon quoted, in anticipation, at
1 prem.
At a private meeting of influential merchants
and others held at the London Tavern to discuss
the projected steam communication with Australia
and New Zealand via Milford Haven, Portland,
and San Francisco, within 40 days, the following
resolution was unanimously adopted :—" That this
meeting highly approves the proposed route to Aus-
tralia and New Zealand via Milford Haven, Port-
land, and San Francisco, and recommends that
steps be forthwith taken to establish a company to
carry the same into effect."
It is stated that Sir Robert Carden, chairman of
the Metropolitan Bank, and Admiral Sir William
Wiseman have consented to act as two of the trus-
tees of the New Albert Life Assurance Company
(Limited), in whose name 80 per cent. of all pre-
miums received are to be invested, and are to be
used only to meet death claims.
At the meeting of the proprietors of the National
Bank, the directors' report was adopted and a divi-
dend declared for the half-year at the rate of 6 per
cent. per annum, free of income tax.
At a meeting of the London and St. Katherine
Docks Company a dividend was declared of 1# per
cent., free of income tax, making a total distribu-
tion of 2i per cent. for the twelve months.
The Metropolitan Railway traffic return shows
an increase of £ll4, compared with the correspond-
ing period of last year ; the Metropolitan District
an increase of £55 ; the Metropolitan and St. John's
Wood an increase of £lB ; and the Glasgow and
South-Western an increase of £837.

A meeting was held at Liverpool of the British
Shipowners' Company (Limited), when a divi-
dend was declared at the rate of 10 per cent. per
annum.

A prospectus will shortly be issued of a Public
Cab Comr any. The object is to improve the pre-
sent cab accommodation.

BRITISH FUNDS-CLOSING PRICES.

GOVERNMENT FUNDS.
3 per Cent. Consols
Ditt,Q for Account 921
per Cont. Reduced 923 3