The Sun.
London, England, 1870-02-18 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
The business on the Stock Exchange to-day was
quiet and transactions more numerous than yester-
day. Consols maintained their opening quotations,
but in Railways there was a fall in some of the
leading lines, Metropolitans appearing to suffer
most. In banking andmiscellathous shares the
businesss was trifling.

Consols are now at 92/ to 923 for money;
d tto, for Account, Three per Cent. Re-
duced, 93 3/ 23; New Thee per Cents; 93 *23 ;
Exchequer Bills £l,OOO, March, ; June, 3 di&
2 prem. ; ditto £lOO, £2OO, and £5OO, March,
prem. ; June, par; Bank of England Stock, 41
per Cent., 242 0.
India Stock, 10f per Cent., April, 1874, 207 ;
ditto 5 per Cent., July, 1880, 1111 ; ditto 4 per
Cent., Oct., 1888, look ; ditto Enfaced Paper,
4 per Cent., 9`21; ditto Bonds under £l,OOO, 25
prem.
In the Foreign Market Argentine are 861 to 861 ;
Brazilian, 881 to 891 ; Egyptian (1868), 771 to
77/ ; Viceroy's Seven per Cents., 813 to Of ; ditto,
Nine per Cents., 981 to 981 ; Italian, 54* to 543 ;
Mexican,l3l to 14 ; Russian (1866), 91 to 92 ;
Orel, 851 to 851 ; Charkof, 841 to 841; Spanish,
271 to 271 ; Turkish Five per Cents., 441 to 441 ;
andditto Six per Cents., 671 to 681.
The New Turkish Loan is I to 11 prem. ; Rus-
sian, 31 to 33 prem. ; Chilian, j. to 13 prem.
In the Railway Market the quotations have
mostly improved. They are now as follows :
Caledonian, 771 to 771; Great Eastern, '3Bl to 381;
Great Northern, 1161 to 1171 ; ditto (A), 118 to
1181 ; Great Western, 631 to 64 ; Lancashir,e and
Yorkshire, 1281 to 1281'; Londoil and Brighton,
421 to 43 ex div. ; London, Chatham, and Dover,
15 to 151 ; London and North Western, 1241 to
125 ; London and South Western, 93 to 94 ;
Midland, 124 to 1241 ; and South Eastern, 77
to 773.
American Five-Twenty Bonds are 881 to 881 ;
the Ten-Forty Bonds, 831 to 84 ex div. ; Erie
Shares, 211 to 211 ; Illinois, 110 to 111; and
Atlantic and Great Western, 28 so 29.
Lombardo-Venetian are 191 to 191; and Great
Luxemburg, 131 to 14.
French Telegraph Cable Shares are 163 to 163;
Anglo-American, 173 to 173 ex div. ; British In-
dian Submarine, 141 to 141 ; China Submarine,
* dis. to par; Falmouth,- 21 to 21 pretn. ; India
Rubber, has declined to 57 to 59 ; Construction and
Maintenance 438 to 431; and Hooper's -Shares are
11 prem.
In Bank Shares Union of London is 37 to 37 ;
London and Westminster, 60 to 61 ; and London
Joint Stock, 32 to 33.
There were no gold operations at the Bank yes-

terd ay.
The India Rubber, Gutta-percha, and Telegraph
Works Company (Limited) have invited sealed
tenders to be sent into the National Bank of Scot-
land for an issue of 3,018 shares of £5O each, the
unsubscribed balance of the authorised issue of
10,000 shares, the reason assigned being that the
directors, having secured important additional con-
tracts, find themselves in a position to make a pro-
fitable use of the increased capital.
By La Plata intelligence has been received that
the Government of. Montevideo have granted to
Don Arturo de Marcuartu a new concession for the
construction of a railway from Salto to the Brazi-
lian frontier, with a guarantee of 7 per cent. upon
the capital, and have increased their subscription of
£lOO,OOO to £250,000, on condition that half of
the line should be finished in 30 months.
The Brazilian advices state that the landslip on
one of the inclines of the San •Paulo Railway was
caused by unprecedentedly heavy rains, and that
traffic was expected to be resumed in the course of
a fortnight.

The North Australian Company (Limited) have
Lotified with reference to the copy of the Sur-
reyoneerreral's report en the survey of_ th 4 nor-
thern territory that, having regard to ale existing
circumstances of the case, the company have deter-
mined not to send au agent to the new territory
to select lands. The company will be glad to
continue to act for those who have intrusted them
with their land orders in seeking to recover: back
the amount paid to the South AustralianUovern-
ment, on the ground of what the company are ad-
vised is a breach of contract ou the part of that

Government.
Alr. J. H. Lukis has been appointed by the
London Board of Directors of the Thames and

Mersey Marine Insurance Company underwriter in
London, to succeed to the office in May next, on
the termination of the engagement of the present
underwriter.
Vice-Chancellor James has made an order for
the winding up of the Bonelli Electric Telegraph
Company (Limited) voluntarily.
According to the Liverpool Journal of Commerce
the liabilities of Messrs. Robert Hutchison and Co.,
of Kirkcaldy, who suspended payment a few days
back, range from £BO,OOO to £120,000.
A meeting of the creditors of Messrs. Samuel
Kidd and Co., Belfast, has been held, at which an
offer of 7s. in the pound was declined, and a com-
mittee was appointed to investigate.
The failure has been reported from Dublin of E.
Plunket and Son, engaged in the Manchester trade,
with liabilities for £144,000 and 'assets about
£76;000. The amount falling on Manchester is
said to be small.
Advises from Shanghai state that Messrs. Rain-
bow, Lewis, and Co., of Nagasaki, have been
adjudicated bankrupts on their own petition.
According to the Manchester Couridr, the affairs
of Mr. W. Somerville, manufacturer, Glasgow,
whose stoppage was referred to about a week ago,
have been settled by the acceptance of 10s. in the
pound by the creditors.
It has been intimated that the new warehouses
for the storing and classification of wool at the
Milwall Docks, on reduced terms, will be opened
to-morrow.
The first series of colonial wool sales for the pre-
sent year commenced this evening, with a large
attendance and much firmness of tozine.
The return from the Bank of England for the
week ended the 16th of Feb. gives- the following
results when compared with the previous week : -
Rest
PuLlic deposits
Other deposits 16,512,989 ... Decrease... 2,20,802
On the other side of the account :
Government aecuri-

ties ......£14,331,314 ... Increase ... 499,820
Other securities 17,783,223 ... Decrease ... 588,355
Notes unemployed... 11,274,285 350,525
The amount of notes in circulation is £22,540,765,
being a decrease of £261,885 ; and the stock of
bullion in both departments is £19,765,333, showing
an increase of £113,895 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 Rentes with the corresponding week of
last year :

Same Week
At Present. last Year.
Bullion
Reserve
Notes in circulation 22,540,765 ... 23,153,915
Rate of discount
00118013
French Rentes
The following is the official return of the cheques
B,IIEI hills cleared in the Bankers' Clearing-house for
the week ending Welneaday, Feb. 16 :
Thursday... £18,971,000
lf Oda v
Saturday.,,
Motility 1 ',483,000
Tuesday
Woduastidy 9,829,000

.185,960,000

BRITISH FUNDS—TWO O'CLoCK.
3 IiOVERNMENT ii'UMJS.
P'" Cent. Cons.°is
3 Ditto for Aecouut —
Per Cent. lie•lueeti ••• 93 i 2i
93 i 24 Si
New 3 per Ueut
r,W 1 per Cent. Jan. 1894 •
"'°. per Oen J 5n.187 3

, 9l}