The Sun.
London, England, 1870-01-29 00:00:00

LIONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
The conclusion of the settlement has enabled the

brokers to turn their attention to business transac-
tions, and the result has been the price of Consols
bas improved on the closing prices of yesterday. In
the Foreign market the demand has been rather
active, but not at improved rates. In Railways
there has been a fall, to a small extent certainly,
yet still a fall, in the value of some of the principal
lines. In American shares the 5 20's are a shade
higher, but Eries have fallen I. For Telegraph,
Banking, and Miscellaneous shares the demand is
quiet.

Consols are now at 921 to 923 for money;
ditto, for Ac:ouut, 921 ; Three per Cent. Re-
duced, 923 ; New Three per Cents, 925 /5 ;
Exchequer - Bills £l,OOO, March, prem. ;
June, ; ditto £lOO, £2OO, and £5OO, March,
Par ; June, dis. ; Bank of England Stock,
41 per Ceut., 237.
India Stock, 105- per Cent., April, 1874, 2073 ;
ditto 5 per Cent., July, 1880, 112 k 4 ; ditto 4 per
Cent., Oct., 1888, 1005 / 5- ; ditto Enfaced Paper,
6 per Cent.; ; ditto Bonds £l,OOO, prem. ;
ditto Bonds under £l,OOO, 21 25 prem.
In the Foreign Market prices are now as fol-
lows :—Egyptian (1868), 765 to 76/ ; Viceroy's
Seven per Cents., 805 to 815 ; Brazilian, 87/ to
884; Italian, 545 to 541 ; Mexican 15 to 151;
Peruvian, 785 to 79 ; Russian (1862), 84/ to 851;
Orel, 831 to 831; Nicolas, 66 to 665 ; Moscow, 81
to 82 ; Charkof, 823 to 83 ; Spanish, 575 to 275 ;
Turkiith Five per Cents., 435 to 43/ ; ditto New,
to Prem.
In the Railway Market Metropolitans, Mid-
Lands, and Brightons are lower, Great Northern
are firm, but South Eastern, Caledonian, and Lon-
don and North Western have advanced. The quo-
tations are now as follows :—Caledonian, 771 to
78 ; Great Eastern, 37 to 371; Great Northern,
111 i to 1125 ; ditto (A), 1115 to 1121 ; Great
Western, 63 to 635 ; Lancashire and Yorkshire,
128 to 128/ ; London and Brighton, 45 to
464 ; London, Chatham, and Dover, 15 to 154;
London and North Western, 124 to 1245 ; Lon-
don and South Western, 93 to 94 ; Metropolitan,
79 to 791 ; Midland, 123 to 1231 ; North
Eastern (Berwick), 1261 to 126/ ; and South
Eastern, 761 to 76i.
American Five-Twenty Bonds are 87 to 871 ;
Erie shares are 18 to 185 ; and Illinois, 1025 to
1035, being 5 lower.
In Telegraph Shares Construction and Main-
tenance have improved 385 to 381 ; Anglo-Ame-
rican is marked 191 to 195 ; French Cables, 175
to 17/ ; British Indian Submarine, 145 to 155 ;
China Submarine, sto 5 prem. ; and India Rubber,
57 to 58.
In Bank Shares London and County has declined
108., and are now 495 to 505.; Chartered Mercan-
tile is 315 to 325 ; London and Westminster, 58 to
59 ; Loudon Joint Stock, 31 to 32 ; Union
,of
London, 321 to 365 ; Imperial Ottoman, 25. to 25
I3rem. ; Consolidated, 45. to 43 ; and Anglo-Aus-
trian, 14 to 16 prem.
There were no gold operations at the Bank yes-
terday.
The Government payment to the telegraph com-
panies has not yet been made, but it will be made
immediately. The Bank Return of last evening
showed the Treasury balance to be about 41 mil-
lions in excess of the amount usual at this period,
although during the week £1,600,000 had been
returned to the Bank of the temporary advance
required at the payment of the dividends.
At the meeting of the London and County Bank,
on the 3d of February, the dividend recommended
will be 6 per cent., with a bonus of 25 per cent.,
being 85 per cent. for the half year ended the 31st
of December.
A rise in Metropolitan Railway stock has been
e used by a rumour that a dividend at the rate of
,a
per cent. per annum is to be proposed.
The Interaational Financial Society has declared
a dividend for the half year at the rate of 5 per
Cent. per annum.
At a meeting of the Westminster Palau Hotel
Company (Limited) the directors' report was
adoptei. The accounts for the half year showed a
alight loss.
The Jersey and Guernsey Telegraph Co. (Lim.)
propose to establish direct telegraphic communica-
tion between the Islands of Jersey and Guernsey
and the Government Telegraphic system of the
United Kingdom.
The meeting of the Anglo-American Telegraph
Company to confirm the working arrangement with
.the French Atlantic Company, which seems to pro-
mise to be to the advantage of all the companies
interested, will be held on Monday.
The Hongkong and China Gas Company
(Limited) have declared an interim dividend at the
rate of 7 per cent. per annum for the half-year.
The half-yearly meeting of the Midland Railway
Company will be held on the 16th of February.
The Grand Trunk of Canada Railway traffic
return for the week ending the 22d inst. shows an
increase of £l,OOO over last year.
The Master of the Rolls has appointed Mr. C. F.
lionip official liquidator of the Dagenham (Thames)
Dock Company (Limited).
The London and Burton Bottled Beer Company
announce a dividend of 5 per cent. per annum.
All applications for certificates in the Nevada
Freehold Properties Trust must be sent in not later
than Saturday, Feb. 5.
Vice-Chancellor. James has appoinied Mr. Sam.
Lovelock as official liquidator of the Gwendraeith
Valleys Lime,Coal,and Railway Company(Lirnited).
At the meeting of the Electric and International
Telegraph Company an interim dividend to the
31st of December, at the rate of £lO per cent. per
annum, was declared, and the chairman stated that
the distribution of the purchase money will be
made on the 7th of February, at the rate of £250
Per share. .

The report of the Linoleum Manufacturing Com-
pany (Limited) recommends the payment of a
dividend equal to 12} per cent per annum.
A. prospectus has been issued of the Jersey and
Guernsey Telegraph Company (Limited), with a
capital of £30,000 in shares of
Mr. R. P. Walker has retired from the public
service as Examiner of Claims for the allowance of
spoilt stamps, and has been succeeded by Mr. F.
J. Oxley.

In the colonial produce market this week there
has been some improvement of tone with an in-
.
creased demand, at a recovery on former prices.
Plantation Ceylon coffee has found steady buyers
at the late advance. Native is readily saleable on
the spot, and a few parcels have been sold afloat.
Other descriptions remain steady. The sugar mar-
ket is still without animation, but there now seem
to be buyers of low qualities at a slight rally from
the depressed prices of last week.

BRITISII FUNDS-CLOSING PRICES.

UOVERNMENT YUNDS.
a per Cent. Consols
Ditto for Account 921
3 per Cent. Reduced 92f i
New 3 per Cent ............ . ...............
New 2i per Cent. Jan. 1894
Do. 5 per Cen J an. 1873
&ianities, 80 yrs, expire sth Jan., 1880.
Do. for 30 yre, expire sth April 1885 —
Do (Red Sea Telobraph), Aug., 1908 —
Exchogutw Hills, £l,OOO, 21 p. Ut. narch pm
D. 2/ do. June
Do £lOO X2OO & £5OO — di.
Bank of England Stock, 41 per Cent
Da. opening __(, anada 4 per Cent. Bonds —
later-Colonial Omunun
INDIAN a3TERNMENT SECURITIES
Inch i •:took, 10f per Cent., April 1 ts 74 , 2071
Dc, Opening., for Account
Di. a per Cent. July, 1680. . llll 4
Do I per Cent.. Oct. 1846
?10. I..;nfliced Pape, 4 per C.ut . —
UO. 5 per Cert., Jan. 1872 .... ... —
:)o. 5i per Cunt. May 1d79
0.3 5 per Cent., Kap. Deil,, 1872.,• —
Do do IS'',7 „A...."
Do. ' • do. 1882
Lk,. Deb., 5 per Cent., Aug. 1873 .„ —
Do Bond 11',.r Cent., fi.'l,o(;l
Do. under £ i. 00() ,

21 25 pia

FOREIGN FUNDS—OLOSING PRICES.
Argentine Republic, 6 per Cent
k._ Do Account