The Sun.
London, England, 1870-03-08 00:00:00

bl 0 E ir MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK

On the Stock Exchange to-day there appeared
less inclination to transact business than yes.terd ►y,
but did not give way. In foreign the demand was
by no means active, and, in some instances, a re-
duction of price had to Le submitted to. In rail-
Ways Metropolitan were better, but for other stocks
the opening price was tot maintained. The rate
of discount is still 3 to 34 for first- class hills

Consols are now at 921 to 921 for motley ;
ditto,
,for Account, 921 ; Three per Cent. Re-
duced, 911 / x.l ; New Thee per Cents, 911 g ;
Exchequer Bills £l,OOO, March, prem. ; June,
prem. ; ditto £100,1200, and £5OO, March, ;
June, prem. ; Bank of England Stock, 41 per
Cent., 2 ,2.
India Stock, 101 per Cent., April, 1874, 207 ;
Citto 5 per Cent., July, 1880, 111; ; ditto 4 per
Cent., Oct., 1888, 99 Ixd ; ditto Enfaced Paper,
4 per Cent., 921 ; ditto 5 per Cent., May, 1872,
1031 ; ditto Debentures, 1031.
In the Foreign Market% Spanish 1867, 27-16 to
27 3-16 ; Turkish, 461 t 0461 ; Egyptian, 1868, 85 to
851 ; Argentine, 881 to 881; Peruvian, 801 to 811 ;
Italian, 551 to 551 ; Mexican, 14 to 141 ; Brazilian,
871 to 87i ; Oriel Vitepsk, 861 to 871. The New
Russian Loan is 4 to 41 prem.
In the Railway Market prices have in some
instances improved. Caledonians are now quoted
77 to 771; Great Eastern, 371 to 38 ex div. ;
Great Northern; 1131 to 1141 ex div. ; ditto (A),
1161 to 1171 ex div.; Great Western, 651 to 668 ;
Lancashire and Yorkshire, 1251 to 1251 ex div. ;
London and Brighton, 434 to 43; ex div ;;London,
Chatham, and Dover, 141 to 151 ; London and
Northwestern, 1221 to 1231 ex div. ; London and
South 'Western, 89 to 90 ex div. ; Metropolitan,
784 to to 79 ex div. ; Midland, 12411 to 1241 ex div.;
North Eastern (Berwick), 126 to 1261 ex div. ;.
and South Eastern, 741 to 75 ex div.
American Five-Twenty Bonds-are 901 to 901;
Ten-Forties, 861 to 87 ; Erier, 211 to 221; and
Illinois, 111 to 112.
Lombardo-Venetian is 20 to 201; and Great
Luxembourg, 131 to 141..
In Telegraph Shares Construction and Mainte-
nance are lower ; they are now marked 401 to 401;
India Rubber is 57 to 58 ; Falmouth, 1 dis. to par ;
Anglo-American, 17 to 171 ; French Cable, 161
to 16d; British Indian Submarine, 111 to 111 ;
Anglo-Mediterranean, 18 to 18i ; and China Sub-
marin, 11 to / dig.
In Bank. Shares Anglo-Austrian are firm at 20
to 22 prem. ; and London and Westminster, at
601 to 611 ; London Joint-Stock is quoted at
321 to 331 ; Union of London, 37i to 381;
perial Ottoman, 31 to 41 prim. ; and Chartered
Mercantile, 32 to 33.

In
Miscellmeous Shares Credit Foncier are 2-1 to
3 ; General Credit, Ito dis. ; Berlin Water Works,
14i to 14-1-, ex div. ; Hudson's Eay Company, 121 to
121 ; Italian Irrigation Six per Cents., 631 to
641 ; London General Omnibus Company, 2 9-16
to 2 11-16; National Discount, 11 to 111 ; Penin-
sular and Oriental Steam, 43} to 44i ; Royal Mail
Steam, 552 to 56i.
The Nyanza, from Alexandria, has brought
£5,035 in specie.
The sum of £20,000 in sovereigns, from the
Cape of Good Hope, was taken to the Bank Yes-
terday.
The Mexican dollars recently brought by the
.1,,
est India and other steamers have been sold to-
uaY at 59id. per oz., showing a slight decline, the
detnand being less active than of late.
With regard to the Erie Railway, the last
American papers contain a paragraph, announc-
ing not only that Messrs. Gould, Fisk, and Lane
Will " not permit" the transfer of any shares
_With
, which the London Protection Committee have
bad anything to do, but also that they will, so far
as they may consider it desirable, confiscate the
property of all shareholders who may embark in
litigation against them. As they pronounce this
course to be legal in the State of New York, and
there is no reason to doubt that what can be done
1.,4 New York can be done iu all the less influential
Stags of the Union, it may b,:t hoped that each in.
f4tor who may be disposed to libten to Lvitations
;Ir subscriptions to railway enterprises in the
United States will fully recognise the conditions
1111011 which lie makes his venture.
The failure is announced of Messrs. Cold and
Taylor, chemical manufacturers, of Newcastle.
otheir liabilities are estimated at £26,000. Mr.
"larence Brazil, manufacturer, of Preston, has
also stopped payment, with liabilities amounting to
57000.

The directors of the London and San F rancisco
'ank (Limited) held their meeting to-day (Tues-
day). The net profit for the six months ended De-
cember was £21,274, and a dividend was declared
of 20s, per share on the first (or old) 20,000
Shares, being at the rate of 10 per cent., in addition
t° a deferred dividend of 6s. per share.
The proprietors of the Brussels Tramway have
notified, through their London solicitors, that they
have no connection with a concern styled the Bel-
gian Street Railways and Omnibus Company(Lim-
ited), Which has recently created obligations for
'30,000, with a view to their issue on the Brussels
or London market.
It is stated from Hamburg that the subscriptions
'or the Commerz and Disconto Bank in that city,
just established, with £1,500,000 capital, of which
£750,000 was to be first issued, exceeded £50,000,000
sterling. The scrip is at 4 per cent. prem.
The Stock Exchange Committee have appointed
Thursday next a special settling day on the shares
of the Panama and South Pacific Telegraph Corn-'.
pant (Limited), which are to be marked.
Application has been made to the Committee of
the Stock Exchange for a settlement and official
quotation of the shares of the Marseilles, Algiers,
and Malta Telegraph Company (Limited).
Au extraordinary meeting of the Credit Foncier
c f England (Limited) is called for the 15th
instant, to confirm the special resolution passed
0.13. the 28th ultimo in favour of a reduction in
the capital from two millions to one million
sterling.
With reference to the Canal Cavour Company,
it is notified that " all payments of interest and
amortisation will cease at London, Paris, and
Milan, until the Ist July next. During this inter-
val payments will be continued at Turin by the
Banco di Sconto Esote."
The half-yearly meeting of the Alliance and
Dublin Consumers' Gas Company is called for the
31st inst., at Dublin, to declare a dividend.
A fist dividend of 183. in the pound is now pay-
able to the creditors of the Commercial Clothing
Company (Linfted), in liquidation.
The South-Eastern Railway traffic return shows
this week an increase of £258, compared with the
corresponding period of last year, and the Brighton
a decrease of 10,051.

The Great Western of Canada Railway traffic
return for the week ending the 4th inst. shows an
increase of £3,031 over last year.

Messrs. J. Berger Spence and Co.'s circular
states that since the opening of the month there has
been a better home demand for chemicals amongst
the dyers and calico printers. In minerals sup_
plies are more regular, and no change in price of
einsequence has transpired. A moderate business
i 8 being done in metals ; values generally are well
maintained. Scotch pig iron is quieter. Cleveland
makers are firm at list prices. There is not much,
1.1 any, improvement in manufactured iron. Copper
is rattier firmer. Tin is again better. Lead is in
Rood demand.

BRITISH FUNDS-.TWO O'CLOCK.

- •, - - ---,---•
GOVERNMENT rUNDS.
a Per Cent, Consols
Ditto for Account
N
3 per C 991
ent. Re itio,al 9l+ 11
.
'w 4 poi tent:
elv 2} per Cent. Jan. 1894
A D'). O per Oen J su. 187 3
Alcuities, 30 yrs, expire sth Jan., 16th. no. for 30 s, expire sth April 1885 —
„ 1-). (Red SearTelebrapli), Aug., 1908.-
2gklierittor Rills, .£l,OOO, 21 p. Ut. March
D. 2f do. June
Do
£lOO, .£2OO & £5OO