The Sun.
London, England, 1870-02-26 00:00:00

NONE Y MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
The business on 'Change to-clay was mostly con-
fined to the settlement. It seems to be going on
wry sat.sfaetorily. The Government securities are
Without alteration in price, but in the Foreign
market there has been a slight improvement in the
prices of the principal continental securities, Spanish
and Egyptian being mostly influenced. For Tele-
graph shares the demand is rather more active than
usual on Saturdays; but in Bank and Miscellaneous
Shares the prices remain almost fixed at the annexed
quotations.
Consols are now at 921 to 921 for money;
ditto, for Account, 921 ; Three per Cent. Re-
duced, 93 21 ; New Tree per Cents, 93 21 ;
Exchequer Bills £l,OOO, March, prem. ; June,
2 prem. ; ditto £lOO, £2OO, and £5OO, March, ;
June, ; Bank of England Stock, 41 per
Cent., 2111.
India Stock, 101 per Cent., April, 1874, ;
ditto 5 per Cent., July, 1880, 111/ i ; ditto 4 per
Cent., Oct., 1888, 1011 1 ; ditto Enfaced Paper,
5 per Cent., 1872, 1031 4.
In the Foreign Market Brazilian Five per Cents.,
1865, are now 89 891; Egyptian Seven per Cents.,
1868, 781 to 791; Italian Five per Cents., 1861,
551 to 551 ; Mexican Three per Cents., 14 to 141;
Peruvian Five per Cents., 1865, 801 to 80/ ;
Spanish New Three per Cents., 1867, 261 to 27 ;
Turkish Five per. Cents., 1865, 45/ to 451; ditto
Six per Cents., 1865, 68 to 681.
In the Railway Market prices are better. Cale-
donian are quoted 771 to 771 ; Great Eastern,
381 to 381; Great Northern, 1171 to 117 ; ditto
(A),
~1181 to 119 ; Great Western, 63 to
638 ; Lancashire and Yorkshire, 1281 to 129 ;
London and Brighton, 421 to 43 ;London, Chat-
ham, and Dover, 141 to 15 ; London and
North Western, 125 to 1251 ; London and South
Western, 931 to 931 ; Manchester, Sheffield, and
Lincoln,so 50 to 501 ; Metropolitan, 781 to 79 ;
Midland, 1241 to to 1241; and South Eastern and
Dover, 761 to 77.
American Five-Twenties are 90 to 901; Erie,
22 to 221; Illinois, 111 to 1111 ; and Atlantic and
Great Western, 29 to 30.
Anglo-American Telegraph Shares are 16; to 17 ;
Anglo-Mediterranean, 191 to 20 ; Atlantic, 12 to
14 ; ditto Eight per Cent. Preference, 1; to 21 ;
British Australiani to / die. ; British Indian Ex-
tension, 1 to 1 prem.. ; China Submarine, Ito .1 dia. ;
French Atlantic, 16 to 161 ; Reuter's Telegram
(New), 12 to 121.
Bank Shares are dull. Alliance, 13 to 131 ;
Anglo-Egyptian, 251278 ; City Bank, 101 to 111 ;
Consolidated, prem. ; Imperial, 171 to 171 ;
Imperial Ottoman, 3 3-36 to 3 5-16 prem. ; Lon-
don Joint Stock, 321 to 33 ; London and West.
minter, 601 to 611 ; and Oriental Corporation,
44 to 45.
In Miscellaneous Shares Credit Foncier are 2/ to
3 ; General Credit, 5-16 to 3-16 dis. ; Hudson's
Bay Company, 121 to 121 ; India Rubber and
Telegraph Works, 60 to 61; London General
Omnibus Company, 21 to 21 ; Peninsular and
Oriental Steam, 431 to 411; Royal Mail Steam,
55 to 56 ; and Telegraph Construction, 431 to 43/.
There were no gold operations at the Bank yes-
terday.
The Aracania, from the Pacific, has brought
£47,280, and the Delhi, from Alexandria, £346,000.
The steamer I'oonah takes out £lO,OOO in specie
for Bombay, of which £5OO is gold and the rest
silver.
Messrs. N. M. Rothschild and Sons announce
that the Scrip is ready for delivery in exchange for
the letters of allotment of the 5 per cent. Loan of
the Imperial Government of Russia.
It is announced that the half-yearly coupons due
Ist March next, and bonds drawn for redemption
of the Danubian Principalities Loan of 1861, will
be paid at the London agency of the Imperial
Ottoman Bank.
The Pheeaix Gas-Light and Coke Company have
announced a reduction of 3d. per 1,000 feet on the
gas supplied throughout the whole of their dis-
trict, making the third reduction since the passing
of the Act in 1860.
Advices from the Central American Republic
of Costa Rica, via New York, allege that a Lon-
don firm have offered the Government a loan of
£3,000,000, but that it was feared the Government
would not accept it, "as they are doubtful about
being able to meet the payments for the interest and
stnortisation fund." The doubts of the Govern-
'bent of Costa Rica would be fully shared by Eng-
lish investors.

The Frankfort advices mention that American
bonds have experienced a sudden rise of 2 per cent.,
in consequence of large purchases made there
and at Berlin by parties connected with New York.
lierne speculative stocks continue inanimate, not-
Withstanding the political quietude and a plethora
of money ; the weekly returns of the Austrian
railways are unsatisfactory, compared with those of
last year, when they were inflated by the huge ex-
Port of corn. Austrian silver rentes are in fair
demand at 58. The Italian 6 per Cent. Tobacco
Loan has reached the high price of 90. The loan of
the city of Madrid, 3 per cent., with premiums, has
Considerably advanced, while Spanish Stock has
become flat. Bills on London and Paris are in
good request for payment of Russian and Ameri-
can mortgage Bonds. .Money is more abundant
than ever, and the reduction in the rate of the
Frankfort Bank is therefore not likely to bring any
Material increase of business, a similar plethora
being reported from Berlin and Vienna. From
Vienna the early issue of a Hungarian lottery
loan of 30,000,000f1., in tickets of 1001 each, is
reported.
The first annual general meeting of the Silk
Supply Association was largely attended, represen-
tatives of the Foreign Office and Board of Trade
being present, together with members from Mac-
clesfield, Manchester, New York, and other places.
The proceedings of the association for the past year
Were unanimously approved, and the committees
were requested to continue their efforts to obtain
increased silk supplies.
The Public Securities Advance Company
(Limited) has just been established, with a capi-
tal of £lO,OOO fully subscribed. It is mentioned
that the object is to enable investors to extend their
operations.
A prospectus has been issued of the Cefn
Consols Lead Mining Company (Limited), with a
capital of £30,000, in shares of £5, to work a lead
mine in the county of Denbigh, about three miles
from St. Asaph.
At the meeting of the Equity and Law Life As-
surance Society the new premiums for the past
year were stated at £13,923, and the total assets
at £736,615.
At the meeting of the National, Life Assurance
yesterday the premiums on new policies issued in
1869 were stated at £6,491.
The directors of the Aluni and Ammonia Com-
pany (Limited) have paid an interim dividend at
the rate of 10 per cent. per annum.
The annual report of the Sovereign Permanent
Benefit Building Society states that the share in-
come of the past year was £5,811 9s. 6d., as corn-
Pared with £3,553 14s. 4d. in 1868, and that the
net profits yield the usual dividend of 6 per cent.
The ni trkets for colonial produce remain steady,
although without animation, being barely supplied
Pending fresh arrivals. The unc Ttainry regarding
any alteration in the Customs duties has at the
satue time tended to unsettle business. Coffee con-
uunve very firm. Sugar attracts rather more lat-
tention, especially low qualities, in which sales of
ilderate extent have been effected. In the tea
mmarketin the dull tone lately noticed has, apparently,e
eased. At the public sales of Indian the prices
of
the Assam Company's sorts declined about Id,
and other growths generaßy ld. to 3d. per lb.

BRITISH FUNDS—CLOSING PRICES.
a Perk
coVeIiZtR,NOMOEnNsToits.UNDS.
a psi Ditto for Account 921
921
°eat. Reduced VS 2f