The Sun.
London, England, 1870-09-03 00:00:00

There Tihs been an absence of any important feature
in the stock markets to-day. The contradictory accounts
from the seat of war have tended to produce much cau-
tion in all operations,"and to this cause is due the limited
amount of business concluded. A quiet feeling has per-
vaded all departments, and the tendency of values has
been towards a lower range, but at the same time the
abundance and cheapness of money have checked any im-
portant movement. The market for home securities has
been in a depressed state. Business in Consols has been
limited, and prices have receded per cent. For delivery
and the account the' quotation has been 913 to 912 ;
Reduced and New Three per Cents., 901 to 903 xd.;
Bank Stock, 2.32 to 234 ; Exchequer Bills, ls. to 6s. pm.;
India Five per Cents., 1101 to ; and Indian Bonds,
12s. to 20s. pm. For Colonial Government Securities
there has been but little inquiry, and prices have been
without change.
There haS been very little demand for English rail-
way stocks, and the tendency has been generally un-
favourable. Great Northern A., and North-Eastern are
each rather lower. On the other hand, Caledonian,
South-Eastern, and Great Western are slightly firmer.
Metropolitan, 631 to 632 ; Caledonian, 73 to 73k;
South-Eastern, 681 to 682 ; Great Northern A., 129 to
130; Great Eastern, 342 to 351 ; Great Western, 672 to
681; North-Eastern, 1361 to 1371; Midland, 1232 to
1241; North Western, 1242 to 1251.
Indian railway stocks have been very quiet. Bombay,
Baroda, and Central India have sold at 1051; Great
Indian Peninsula, 1062 ; Madras, 106 to 1061 ; and
Cinde, 1041. Canadian shares have been flat.
For Foreign shares there has been very little inquiry.
Great Luxemburg have sold at 113 ; Lenberg-Czernowitz,
15 ; Recife and San Francisco, 162 ; San Paulo, 20.
Very little business has been doing in foreign bonds,
and the fluctuations have been trifling. Mexican have
been in'request, and have risen 1, but Spanish on a pres-
sure of rates have fallen 1. American securities have
been quiet, and without material change. Illinois Central
shares have advanced
Bank shares have been quiet, and without movement.
Alliance have sold at 13k ; Consolidated, 43 ; Imperial
Ottoman 111, 3.

Telegraph shares have been neglected. British Indian
Submarine 7i, and French cables, 140. Telegraph Con-
struction are lower at 23i to 24i ; Silver's India-
rubber, 40.
Miscellaneous securities have been 'in limited request.
Hudson's Bay have marked Bg.
The sum of £19,000 has been sent into the Bank
to-day. _

The Queen, from New York, has brought £30,000.
As regards the exchanges, there had been rather more
demand for bills, and the rates are rather lower.
At Mark-lane to-day wheat was dull, and ls. per qr.
lower.

The discount market to-day has continued quiet.
Capital has been plentiful, and with a limited demand for
accommodation, three months' paper has been negotiated
at 3 to 3f per cent,

The Queen Bee, from New Zealand, has brought
£9,916.

The Indiarubber, Guttapercha, and Telegraph Works
Company (limited) have received the order for the manu-
facture of the new cable which the Government have
arranged to lay between Dublin and Holyhead. It is to
consist of seven separate conductors, which will give a
greatly increased rower of transmission and will be sub-
merged in the coure of the present year.
The directors of the London Bank of Mexico and South
America (Limited) have decided to recommend to the
meeting of shareholders on the 20th inst. a dividend of 8
per cent. per annum, and the appropriation of £5,000 to
reserve, leaving £2,612 to be carried forward.
Mr. W, Waddell, the liquidator of the Guinea Walls-
end'Colliery Company (Limited), has declared a further
dividend of 2s. 6d. in the pound (making together 10s. in
'the pound), _ _ .

Notice has been given that the creditors of the Agri-
culturist Cattle Insurance Company, upon application at
15, Coleman-street, the office of Mr. Lewis H. E vans,
the official manager, on Tuesdays, between 11 and 4
o'clock, can receive the first dividend of 6s. in the pound.
Messrs. Southey, Balme, and Co., thus report on the
state of the wool market :—" The latest news from
the seat of war would 'appear to promise some
hope of a cessation of hostilities within a comi,ara-
tively reasonable date, but the disturbance of trade,
and the contingent unsettlement of the political situation
in Europe, which may survive the establishment of peace,
offer no very cheering outlook for the future of our staple,
the market for which during several years past has become
increasingly dependent upon foreign support. Assuming
that the fortune of war must now continue as constant to
the German arms as heretofore, the resumption of business
in Germany on the conclusion of peace would, no doubt,
prove a comparatively easy process, but the existence of
a government in France which should lack stability and
the confidence of the nation, would prove almost as
inimical to the restoration and development of trade
as a conditition of actual warfare. Since the abrupt
termination of the late series, the only transactions
which have taken place in the wool market have
been a few sales—amounting to a fair, but no considerable
quantity for the home trade. Some government contracts
for army purposes have been placed,and in a few instances,
manufacturer have paid a trifling advance on the most
depressed quotations of July for small parcels required for
special purposes, but the foreign demand is at a complete
stand. and, so far, no general alteration in the position of
the article can be reported. Perhaps no clearer idea of
the disastrous effects of the war upon the wool, market
can be gained than by a reference to the Board of Trade
returns for the month of July, which include a period
of one fortnight only following the declaration of war.
As compared with the same month of 1869, there was
a decrease in the exports of woollen yarns of 34 per cent.
in value, and in woollen manufactures of 16 per cent. in
value. and 25 per cent. in value. It thus appears that
we are at once suffering from the double influence of a with-
drawal of foreign competition for the raw material, and
a most serious limitation of our continental export
trade in woollen. The arrivals to date are as follows :
Sydney, 35,218 bales ; Port Philip, 9,114 ; Adelaide,
2,734 ; Van Diemen's Land, 1,399 ; New Zealand,
24,312 ; Cape, 16,604 ; total, 89,381 bales. Held over
from last series, about 60,000 bales."

LONDON STOCK EXCHANGE.-FI;IDAY•

LATEST PRICES.-AFTER OFFICIAL HOURS,

The prices under the lines indicate the business done.

GOVERNMENT SECURITIES.

Three per Cent Consols 911 91/ Vict 5p c Jan & July 1894 100 102
921, 1,1, 2 1011
Do for Accouut
911 891, 1 x d
Three per Cent Reduced 908 901 Egyptian, 1862, 7 p c.. .. 79 81
901, 1, ix d Do Rail Deben 7 p .. 97 99
New 3 per Cent
901, 1 x d Peruvian, 1865, 5 p c
Exchequer Bills, March 1 6 pm 851, 6
6s. pin Portuguese, 1869, 3 p a., 28 29
1 6 pm
Do, June 29
Bank Stock - Russian, 1862, 5 p c.. .. 84 86
India 5 per Cents
nal, 1 678
Ind a Bonds — -- Spanish, 1867, 3pc
12s. pm 268, 1, :
Can 6 pclo4 Jan&Julyl 77-84 104 06 Do. 1869, 3
51 c
26,
Do March & Sept. 102 104 Turkish, 1854, 6p c B3 85
Do 5p c Jan & July .. 95 97 Do, 1865, 5p c
Do Inscribed Stock .. 94 96 421. 3, 21, 31
Dona of Can 5p c 1903 .. 97 99 Do, 1865 6p c
Ceylon 6 p c May and 621, 31
Novembdr 1878 lO7 109 U.S. 5-20 Bonds, 6p c 1882 881 89
.
Mauritius 6 p c Jan and 89, 81, 9, 81
July 1873 lO2 104 Do do 1885 872 882
New SWales 5 p clB7l-76 100 102 881
New Zealand 6p c 1891 lO6 109 Do 10-40 Bnds, spc 1904 821 83
Do 5P 0
Do 5p c Consolidated 97 93 Illinois Central Shares .. 107 108
98 1071
Do 6p c Mar &Sept 1891 108 110 Atlantic and GW R Con
Do June & Dec 1891 107 110 Mortgage Bonds 22 23
Viet 6p c Jan &July 1891 112 114
DoApril &OctlBB3-851 .. 112 114
1122,

RAILWAYS.
Bristol and Exeter B2 84 Do Ist Pref Bonds
Caledonian
72, 3} 2nd Pref Stock
Great Eastern • 341 351 Do 3rd Pref Stock ..
341, 51 Grand Trunk of Canada
Great Northern
Do A 129 130 17/
1281 x all Great Indian Pen gsp c 106 107
Great Western 671 68 1061
671, 1,8, 71, } Great Western ofCanada 14 14
Lancashire & Yorkshire 12711281 Do 8p c Bonds, 1873.. 99 101
1281, x d Do 51 do, 1877-8 95 97
Lon, Brigh, and S Coast 38 39 Do 5 plc pref, issued 80 par 2pm
381, 9
Lon, Chat, and Dover .. 111 121 Madras guar 5p a
12, } 106 f, 6

60 62