The Sun.
London, England, 1870-02-15 00:00:00

MONEY MARKET

AND

COMBIERCIA.L INTELLIGENCE.

I rn-, Two o'CLoCE.

On 'Change to-day there was not much doing.
Consols were steady at the quoted prices, and in
the Foreign Market the only stock in any demand
has been Turkish. In Railways there has been a
slight decline in Great Northerns, Caledonians.,
and South Easterns, but in Telegraph, Bankirlg,
and Miscellaneons shares the prices are almost sta-
tionary. The demand for Discount is quiet, the
demand in the open market being 21 for first-class
paper.
Consols are now at 921 to 921 for money ;
ditto, for A=unt, 921 ; Three per Cont. Re-
duced, 93 27 ; New `.l..!:ree per Cents, 93 2i ;
Exchequer Bills £l,OOO, March, par to 5 ; June,
; ditto £lOO, £2OO, and 1500, March,
; June, par ; Bank of England Stock, 41
per Cent., 2401 40 2.
India Stock, 101 per Cent., April, 1874, —;
ditto 5 per Cent., July, 1880, 111 i 1 4. ; ditto 4 per
Cent., Oct., 1888, 1001- 8 ; ditto Enfaced Paper,
51 per Cent., 1879, —.
American Five-Twenty Bonds are 871 to 871 ;
Ten-Forty Bonds, 83 to 83/ ; Erie, 201 to 21 ;
Illinois, 109} to 1101 ; Atlantic and Great Western
Debentures, 31 to 32 ; and the Bonds, 30.
In the Foreign Market Turkish Fives are 441 ;
Spanish, 271 to 271 ; Peruvian Bonds, 78; to 79 ;
Egyptian, 771 to 771 ; Russian (1862), 851 to 86 ;
Charkof, 85 to 851; Moscow, 831 to 831 ; Nicolas,
671 to 681 ; Orel, 851 to 851 ; rnd Brazilian, 881
to 881. New Russian Scrip is 31 to 38 prem. ; and
Chilian, 1 to 1} prem.
In the Railway Market, the prices are now :
Caledonian, 771 to 78 ; Great Eastern, 38} to 381 ;
Great Northern, 116 to 117 ; ditto (A), 117
to 1171 ; Great Western, 63/ to 641 ; Lancashire
and Yorkshire, 128fto 129 ; London and Brighton,
43 to 431 ex div. ; London, Chatham, and Darer,
148 to 15} ; London and North Western, 1241 to
1251 ; London and South Western, 93 to 94 ;
Metropolitan, 781 to 791 ; Midland, 1221 to 1231 ;
North Eastern (Berwick), 1284. to 129 ; and South
Eastern, 77k to 771.
Great Luxemburg is 138 to 13k; and Lombardo-
Venetian at 20 to 20f.
Construction and Maintenance Telegraph Shares
are 43} to 44 ; Silver's India Rubber, 64/ to 65} ;
Anglo-American, 178 to 18} ex div. ; British Indian
Extension, 141 to 15 ; China Submarine, par to
prem. ; and French Cable, 171- to 171.

In Bank Shares London and Westminster have
improved to 5O to 60k. Agra (A) is 11i to 12 ;
Alliance, 12i to 13i ; Anglo-Austrian, 15 to 17
prem. ; Chartered Mercantile, 32 to 33 ; Con-
s)lidated, 4i to 41 ; London Joint Stock, 32 to 33 ;
and Union of London, 36 to 37.
In Miscellaneous Shares Credit Foncier are

2 15-16 to 3 1-16 ; General Credit and Discount
Company, f to * dis. ; International Financial, 2
to 1;, dis.; Berlin Waterworks, 15 to 15f ; Hudson s
Bay Company, 12k to 12 5-16 ; Italian Irriga-
tion Six per Cent., 631 to 64i ; London Financial
Association, 11 to 12 ; London General Omnibus
Company, 24 to 28 ; National Discount, 111 to ilk ;
Peninsular and Oriental Steam, 46 to 47 and
Royal Mail Steam, 55 to 56.
There were no gold operations at the Bank yes-
terday.

La Plata has arrived at Lisbon and the River
Plate, with £6,356.
A company has been formed to take over the
well-known telegraph works of Mr. Hooper, at
Mitcham. The capital is fixed at £250,000, in
shares of £lO. Mr. Hooper was the manufacturer
of the core of the Persian Gulf Cable and several
others, and is now the contractor for the cables of
the Great Northern Telegraph, China and Japan
Extension, Company, 2,300 miles in length, for
£396,000, two-thirds of all profits from which are
to belong to the company. The works at Mitcham
are to be take❑ over for £65,000, and the consider-
ation for patents and goodwill is to consist of one-
half of the net profits of each year after 71 per
cent. per annum has been paid to the share-
holders.

A prospectus has been issued of the Manilla
and Hongkong Submarine Telegraph Company
(Limited), with a capital of £350,000 in shares of
£lO, to lay a cable of 650 miles from Hongkong to
Manilla, with connexions through the Philippine
Islands generally, and which in the shape of cable
and land lines will extend a further length of
470 miles. Ultimately a cable is contemplated from
Manilla to Singapore via Labuan and Sarawak, but
this will be a question of separate and additional
capital.

A prospectus has been issued of the Lisbon Re-
pairing Dock Company (Limited), with a capital
of £lOO,OOO, in shares of £lO, to purchase a patent
Slip already built at Port Brandao, on the Tagus,
Opposite Lisbon, constructed under an exclusive
concession from the Portuguese Government.

The report of the new Bank of Bombay, received
by the last mail, shows a net profit for the half-
year to the 31st of December of £15,968, out of
Which a dividend had been declared at the rate of
5 per cent. per annum, absorbing on the increased
capital of £600,000 £14,818, and leaving £1,149 to
be carried forward. The business of the Bank ex-
hibits a considerable improvement compared with
the corresponding period of the previous year.

The prospectus is likewise issued of the Rouma-
nian Gas Light Company (Limited), an undertak-
ing formed for acquiring and working a concession
'Which has been granted by the municipality of
Bucharest for the exclusive right of lighting that
city with gas. Bucharest contains a population of
a quarter of a million, and as the capital of the
Danubian Principalities is rapidly growing in
importance, to such a city gas is now an ar-
ticle of [prime necessity. Accordingly we find
in the prospectus the following remarks
relative to the encouragement which has
been given by the municipality to this undertaking :
" The Municipality have contracted to pay for a
minimum of 4,000 public lights at the rate of 6s.
10d. per 1,000 cubic feet. The quantity of gas
thus contracted for is upwards of 60,000,000 cubic
feet per annum, and the engineers estimate that the
receipts from the public lighting alone will pay a
net profit of 31 per cent. on the total capital of the
company, after setting aside a sufficient amount to
provide for the sinking fund above referred to. The
concession further gives the right to charge to pri-
vate consumers Bs. 10d. per 1,000 cubic feet. The
engineers report that from this source of revenue a
profit of over 14 per cent. may be expected so soon
as the works are fairly established, thus making
together a profit of nearly 18 per cent, on the capi-
tal." It is stated that the first section of the works
is fast progressing, and that earnings will commence
in August. 'The capital is fixed at £200,000, in
10,000 shares of £2O each. It is mentioned in the
prospectus that the amount payable by the company
towards the preliminary expenses is limited by the
Articles of Association to £5,000.

The Committee of the Stock Exchange have
appointed Tuesday, the 22d instant, a special
settling day in the scrip of the Chilian Five per
Cent. Government Loan of 1870. The Com-
mittee have also appointed Friday, the 18th inst.,
a Special settling day in the following Securities
—Bonds of the Boston City (U.S.) Five per
Cent. Sterling Loan ; Salado Extension Shares of
the Buenos Ayres and Great Southern Railway
Company. All of there are to be officially
quoted.

BRITISH FUNDS-tWO O'CLOCK.

(4 OVERNNIENT YUNDS.
' c- Cent. Consols 2f
mito for Account 9f
3 per Cent. Re lueed 93 2i
New 3 per Cent
II ow 21 per Cent. Jan. 1894
A Do. 6 per Oen ian.1873
.11kattities, 80 yre, expire sth Jan., 1880 —
De. for 30 yrs, expire sth April 1885 —
De (Red Sea Telegraph), Aug., 190 n ,
fgTelegraph),ocfaer Bills, £l,OOO, 2f 1). Ct. March
De
Do. 21 de. June
£lOO, X 2 k .C5OO — m
tank of Englaad Stock, 00
4i per Cent
'2l)- °P9iiiPgut _ ....