The Sun.
London, England, 1870-03-04 00:00:00

KONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
Business on the Stock Exchange to-day was firm,
und prices for most description of securities were
Well maintained. In the Foreign market there was
less demand than yesterday. In Railways there
Were seme good purchases made, which camel the
prices of most of the principal lines to advance.
American securities were flat, and in Banking and
Miscellaneous shares very little alteration in price
has to be quoted. The rate of dis. in the open is
still 3 per cent. for best bills.
Consols are now at 92/ to 921 for money;
ditto, for Account, 921 ; Three per Cent. Re-
duced, 91/ 1 x l ; New Three per Cents, 91i 1 1 xd ;
Exchequer Bills £l,OOO, March, prem. ; June,
; ditto £lOO, £2OO, and £5OO, March, ;
June, 3 prem. 2 dis. ; Bank of England Stock, 41
Per Cent., 2.2.
India Stock, 10} per Cent., April, 1874, 2081 72 ;
ditto 5 per Cent., July, 1880, —; ditto 4 per
Cent., Oct., 1888, 9901 a xd ; ditto Enfaced Paper,
4 per Cent., —; ditto 5 per Cent., May, 1872,
1031.
In the Foreign Market Brazilian Fives, 1865,
are 871 to 88 ex div. ; Egyptian Seven per Cents.,
1868, 791 to 791 ; Italian Five per Cents., 1861,
1-16 to 55 3-16 ; Mexican Three per
Cents., 149 to 14/ ; Peruvian, Five per Cents.,
1865, 801 to 804 ; Spanish New Three per Cents.,
1867, 26/ to 27 ; Turkish Five per Cents., 1865,
45. to 451 ; ditto Six per Cents., 1865, 691 to
.691 ; Grenada New, 231 to 24/ ; ditto Deferred,
104 to 111; Vitepsk, 861 to 871; Nicolai, 681 to
69 ; Moscow Jaroslaw, 831 to 841 ; Charkof Azof,
824 to 834 ; the New Russian Scrip, 31 to 4 prem.
ditto, Chilian, 1 11 prem.
In the Railway Market Caledonians are now
quoted 77 to 771 ; Great
_Eastern, 371 to 371 ;
Great Northern, 1131 to 114 ; ditto (A), Stock,
1151 to 1153 ; Great Western, 65/ to 651 ; Lanca-
shire and Yorkshire, 1241 to 1251 ex div ; London
and Brighton, 43 to 431 ; London, Chatham,
and Dover, 144 to 15 ; London and North
Western, 122 to 1221 ex div. ; London and South
Western, 901 to 93/ ; Manchester, Sheffield, and
Lincoln, 49/ to 504 ; Metropolitan, 791 to 79/ ;
Midland, 1231 to 1231 ; and South Eastern, and
Dover, 74/ to 741.

American Five-Twenty Bonds are 904 to 90
the Ten-Forty are 86 t 0.864 ex div. ; Illinois, 110}
to 1114; Erie, 21 to 214 ; and Atlantic and Great
Western Bonds, 284 to 281.
1 drench
Cable Telegraph Shares are now 154 to
ex div. ; British Indian Submarine, 124 to 124 ;
British Indian Extension, 11 to lf prem.; Anglo-
American, 16 to 164 ; China Submarin, 14 to 1
; Construction and Maintenance, 414 to 12.
In Bank Shares prices are without change.
London and Westminster is marked at 60 to 61 ;
London Joint Stock, 32 to 33 ; and Union of Lon-
don, 37 to 38 ; Alliance, 124 to 13f ; Agri (A),
11. to 12 prem.; Imperial Ottoman, 3./. to 44 prem.
lo Miscellaneous Shares Credit Foncier are 24 to
„.3 ; lludson's Bay Company, 124 to 121 ; Italian
Irrigation Six per Cents., 631 to 644 ; London
General Omnibus Company, 21 to 22 ; Berlin
Waterworks, 144 to 15 ex div. ; Peninsular and
Oriental Steam, 434 to 441 ; Royal Mail Steam,
55 to 56.
The Sim of £B,OOO in gold was withdrawn from
the Bank yesterday for South America.
much attention has been directed to a feature in
the report of Dr. Letheby on the sanitary condition
Of the city, regarding the importation from China
of large quantities of most perniciously adulterated
Or spurious tea. Some samples recently tested,
"cl which were consigned to this country
as " fine Moning Congou," consisted of re-dried
ayes of exhausted tea, for the most part rotten
from putrefactive decomposition, offensive in smell,
50d producing a nauseous and unwholesome liquid.
It appears that the stuff is collected in one of the
hlthiest districts of Shanghai, where it is gathered
lo heaps to be dried in the sun, " dogs and pigs
!slking through and over it." The object is to use
It for the adulteration of genuine tea, and about
7,000
,0001 b. of it are stated to have been recently
4iBPosed of at public sale, s here, in consequence of
re increased demand,it realised 50. per lb., al though
It could' be formerly bought at 2d. Happily the
'e!tY authorities have taken the matter up, and the
JtY Solicitor has been instructed to institute tnea-
-Bhres to prevent its further sale, but unless infer-
/ation be furnished of each arrival it will scarcely
iil
e Possible to guarantee a total suppression of the
evil, and it is therefore essential that the Commis-
sioners of Customs should promptly direct their
"leers to give notice of every suspicious lot that
• may reach the bonded warehouses.
-4. prospectus has been issued of the Central
d Meat Preserving Company (Limited),
with a capital of £45,000, in shares of £3, to carry
out in Queensland the system of preserving
meat for exportation which is already in suc-
eNful operation at Melbourne. The Melbourne
lihiPownts, however, consist of mutton, beef being
top dear in the colony of Victoria to admit of simi-
lar profit, while in Queensland there are great faci-
lities from the low prices of cattle.
The ordinary general meeting of the Merchant
Banking Company of London (Limited) is con-
.,;rb-lled for the 17th inst., for the declaration of a
The half yearly meeting of the Surrey Con-
Peers Gas Company will be held on the 14th of
NI) to declare a dividend.
64,4 Meeting of the creditors of Messrs. Good-
oi" ,erel Gaine, and Co., wholesale hardwaremen,
4 't.,:klartin's-lane, Cannon-street, has been held.
balance-sheet, prepared by the accountants,
,bowed,,,,,_ liabilities to the amount of £25,339, and
p7ets £10,469. A composition of 6s. in the
tilhd) payable by equal instalments at six,
elve) and eighteen months, with security for
Meeting
last instalment, was offered, and another
Metlog will be held within a fortnight to decide
Messrs. Robert Hutchinson and Co., corn mer-
chants, of Kirkcaldy, who recently stopped
p4snent have offered to pay their creditors a
composition
of 13s. in the pound.
si advices from Dundee announce the suspen-
l.°4 of Mr. John Cooper, corn merchant, with
iabilities to the amount of about £20,000, and
united assets.
The return from the Bank of England for the
Week... ended the 2d of March gives the following
ile:sotits when compared with the previous week :
Put, • £3,624,696 ... Increase ... £256,920
titherlic deposits
_nthe other side of the account government
securi-
ties ......
Other sec ...... .. £13,831,314 ... Decrease 500,000
unemployed.,
securities..,,, ...... 19,492,317... Increase ... 989,070
1.,`;,e employed 11,438,740 ...Increase ... 204,725
amount of notes in circulation is £22,659,460,
bullion n increase of £375,975 ; and the stock of
an
.in both departments is £20,029,455, showing
pr increase of £139,459 when compared with the
:ceding return.
rjoined is a comparison of the present position
oftid 13aok of England and the prices of Consols
144 Peen French Rentes with the corresponding week of
r

Same Week
At Present. last Year.
tnllion
X18,02,1,45_7
£20,099 -153 ...
"li.t'serve ''''''''''''''' 19,36-9,b95 ... 9,4.")4,91
iz 438 in Ci; ''' til.alio. ''' ''''
Oto of count ••
32;;)39(;e4r6.1t0. ... ‘23:3g'c2e°ll
unsols
)lerich 1 '''' n. ''''' s. '''''''''''''' 921 921
Th 74f. 40e. 71f. ?2c.
a‘l e following is the official return of the cheques
the ''
Willy cleared in the Bankers' Clearing-house for
ek ending Wednesday, March 2 :
Thurs
Priday day
£8,730,000
.atnr 9,081,000
(la,-

. .
Mon) `Y• •
ties y
Wed, 3
16,638,000
esd• ,ty
12,862,000

£89,264,000

a ht
it it tOO toi
ar'
~r,zi.ml:cri. lou
4sPt. TJ,,N DS—CLOSING PRICES.
Pei
.ti UNDS.