The Sun.
London, England, 1870-01-21 00:00:00

0 F

T

AND

COMM ERCIAL INTELLIGENCE.

CITY, Two o'CLocK.
The business to-day on 'Change was a sight im-
provetnent on that of yesterday, but prices did not

materially alter. The Government securities were
quiet, but in Foreign stocks the turn was in favour
of the sellers. In Railway shares business was very

restricted, and the demand for Telegraph shares

was far from active.

Consols are now at 92i to 92i for money;
•iitto, for Account, —; Three per Cent. Re-
duced, 92k i; New Three per Cents, 92i f ;
Exchequer Bills £l,OOO, March, prtm. ;
June, par ; ditto £lOO, £2OO, and £5OO, March,
—; June, ; Bank of England Stock,

4-4- per Cent., 239.
India Stock, 10} per Cent., April, 1874, —;
ditto 5 per Cent.,. July, 1880, 112 ; ditto 4 per
Cent., Oct., 1888, 1001; ditto Enfaced Paper,
5} per Cent., —; Metropolitan Board of Works,

31 per cent. Stock, 94.
In the Foreign Market Turkish, Spanish, Peru-
vian, Italian, Egyptian, and Argentine have im-
proved. The prices are now— Turkish Five per
Cents., 431 to 431 ; ditto 6 per Cents., 661 / ex d.;
Mexican, 15 to 151 ; Argentine Bonds, 861 to 871
ex div. ; Egyptian (1868), 76/ to 771; Vice-
roy's Nine per Cents., to —; Italian, 51/
55 ; Peruvian, 78 to 781 ex all ; Portuguese,
to —; Russian (1862) 861 to 86.1; Orel, 831 to 83/;
Nicolas, 651 to 66 ; Moscow, 81 to 811 ;
Charkof, 82 to 821 ; and Spanish, 271 to 271.
American Five-Twenties are 87 to 871; Ten-
Forties, 841 to 85 ; Erie Shares, 18 to 181 ;

nois, 103 k to 104 f.
In the Railway Market Berwick Stock is higher.
Prices as follows :--Caledonian, 761 to 77 ; Great
Eastern, 37/1 to 374 ; Gt. Northern, 1101 to 1111;
ditto (A), 112 to 1121 ; Great Western, 61. to 611 ;
Lancashire and Yorkshire, 1271 to 1281 ; London
and Brighton, 45 to 451; London, Chatham, and
Dover, 141 to 151 ; Loudon and North Western,
1231 to 1241; Metropolitan, 78i to 791 ; Midland,
122 to 122}; North Eastern (Berwick), 126 to
1261 ; and South Eastern, 771 to 771.
Lombardo-Venetian are 201 to 201; and Great
Luxemburg, 131 to 131.
Telegraph French Cable Shares, 18 to 181 ;
Anglo-American, 194 to 20 ; British Indian Sub-
marine, 141 to 141 ; China Submarine, I to i
prem. ; Falmouth 31 to 3i prem. ; Panama, par to
1 ; and Atlantic Eight per Cents., 21 to 2# ; ,Con-
struction, 35 to 354.
In Bauk Shares Agra (A) is 111 to 121; Alli-
ance, 13 to 14 ; Anglo-Austrian, 14 to 16 prem.
Chartered Mercantile, 32} to 331; Consolidated, 41
to 41 ex div. ; Imperial Ottoman, 2/ to 21 prem.

London and County, 50 to 51 ; London and
Westminster, 60 to 61; and London Joint-Stock;
. 33i to 34i.

In the Miscellaneous Shares Hudson's Bay
Company are quoted 11} to 12} ; National Dis-
count, 111 to 12 ; General Credit and Discount
Company, dis. to par ; International Finance,
to 11 dis.
There were no gold operations at the Bank yes-
terday.
The Frankfort advices state that previously to
the affair of Prince Pierre Bonaparte the Bourse
was in high spirits, in the firm belief that France
would experience a peaceful transformation under
the 011ivier Ministry, but that the subsequent ap-
prehensions of a collision between the mob and the
military, coupled with the receipt of lower prices
from Paris, had led to a complete pause in specu-
lation. Confidence, however, is again returning
In consequence of the energy and discretion shown
by the Government and the Chamber. A heavy
fall had occurred in most kinds of Austrian specu-
lative stocks and shares, as all operations had for
Some time before been directed for a rise, but the
more solid securities held for investment were not
affected. United States' Bonds were particularly
steady, the large floating supply having somewhat
diminished. The Vereins Bank at Hamburg pays
a dividend for the year of 10 5-16 per cent.
The Government of Greece are reported to be in

treaty
for a loan of 15 million drachmas (£450,000)

with Ale,srs.o;penheinl, Alberti, al►d Co., of
Paris, and others, the bonds to bear 12 p.,-!r cent.

interest, with per cent. sinking fund, and 3 per
cent, commission on the nominal amount of stock
The object is stated to be a withdrawal of the paper
currency.
The Stock Exchange Committee have appointed
Monday next as a special settling day in the Four-
and-a-Half per Cent. Bonds, 1869, of the Dutch
Indian Railway Company, which are to be officially
quoted. The Committee have also ordered the
Scrip of the Four-and-a-Quarter per Cent. City of
Loudon Bonds for the Loan of £600,000 to be
marked in the Official List.
The report of the Brighton Railway Company,
to be presented at the meeting on the 3d of Feb-
ruary, shows the progress made towards the entire
closing of the capital account, and repeats the con-
viction of the directors that there will be no neces-
sity for issuing any part of the £1,000,000. The
gross revenue for the past half year exhibits a fall-

jug off of £8,246. It is admitted that the experi-
ment of raising the fares has not been successful.
But fur the New-cross accident, which has in-
volved a sum of £45;000, a dividend could have
been declared of £1 2s 6d, instead of only 10s, as
now proposed.
The sole fact of importance is that litigation with
the Erie Company has ceased.
Mr. James al'Henry, as president of the Atlan-
tic and Great Western Railway, has issued a cir-
cular to the Bond and Debenture holders of the
line, recapitulating the proceedings which have
been taken in America to rescue the property from
the control of the Erie Company.
At the meeting of the London Joint-Stock Bank
a dividend was declared for the half-year at the rate
Of 12i per cent. per annum, with a bonus of 4s. 6d.
per share (together £1 3s. 3d.), equivalent to 15}
per cent.
The report of the New Zealand Loan and Mer-
cantile Agency Company proposes to divide 10 per
cent. for the past year.
John Crossley and Sons (Limited) have declared
a dividend for the year ending the 4th of Decem-
ber, 1369, at the rate of 15 per cent. per annum.
At the meeting of the Alliance Bank a dividend
of 7s. 6d. per share, or at the rate of £3 per cent.
per annum.
The directors of the National Bank have de-
clared a dividend at the rate of 6 per cent. per
annum.
At the general meeting of the Metropolitan Bank,
a dividend at the rate of 5 per cent. per annum was
declared.
At the ordinary meeting
ro:ethreepoLortnsdoloawndedßnrae-t
Bra-
zilian Bank (Limited). -
profits for the half-year to the amount of £9,937,
after providing for bad and doubtful debts incurred
during that period, which further reduces the deficit
to £14,062.
The return from the Bank of England ~
tor the
week ended the 19th of Jan. gives the following
results when compared with the previous week
Rest
Putlie deposits
Other deposits 18,081,776 Decrease... 257,463
On the other side of the account :
Government securi-
ties
Other securities 17035,453 Increase
Notes unemployed 10,028,400 ... Increase ... 319,4G0
The amount of notes in circulation is £23,417,210,
being c. decrease of £172,640 ; and the stock of
bullion in both departments is £19,364,506, showing
an increase of £172,113 when compared with the
Preceding return.
Subjoined is a comparison of the present position
of the Bank of England and the prices of Consols
and French Routes with the corresponding week of
last year

At Present. Same Week
last Year.
Bullion
..£19,364,506 ... .£18,704,177
Reserve
Notes incsicrocuunlattion 23,417,210 ... 23,979,735
3 per cent. ... 3 per cent.
Consols
French ,
Renter 73f. 40c. 70f. 15c.
1121 D J011°10,1.4 is financial return of the claques