The Sun.
London, England, 1870-03-09 00:00:00

XO.NEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK

Business on 'Change to-day is quiet, with an ave-
rage business. Consols are steady at yesterday's
cloning prices. In the Foreign market Turkish and
Spanish are offered, but Italians are firmer. The
decline in gold at New York makes American bonds
firmer. Illinois and Grand Trunk have advanced,
and Telegraph shares, with the exception of Anglo-
Mediterranean, are steady.
Consols are now at 921 to 921 for motley;
ditto, for Ac.;ount, 92i ; Three per Cent. Ite-
duned, 911 4 x l ; New Tkrce per Cents, 911 >} 3- ;
ditto 5
per Cent., 1873, 1021 ; ditto Annuities,
1885, 11.
Exchequer Bills ,£l,OOO, March, prem. ; June,
1 preen. ; ditto £lOO, £2OO, and £5OO, March, ;
June, prem. ; Bank of England Stock, 41 per
Cent., 2 2.
India Stock, 101 per Cent., April, 1871, —;
ditto 5 per Cent., July, 1880, 122 111 ; ditto 4 per
Cent., Oct., 1888, 93. xd ; ditto Enfaced Paper,
4 Per Cent., 921.
In the Foreign Market Spanish are 27 to 271 ;
Italian and Egyptian are also dull, at a decline of
• being 551 to 551, and 791 to 791 respectively.
Turkish, '46 to 46i. ; Peruvian, 81i to 814 ; Argon-
tine,
88+ to 881 ; Mexican, 14 to 144 ; Itussitn Orel
Railway, 861 to 87/ ; do. Charkof, 824 to 831
eX div.

L the Railway Market prices generally are
higher. Caledonians are now quoted at 77
to 771 ; Great Eastern, 37 to 38 ex div. ;
Great Northern, 1131 to 114 ex div. ; ditto (A),
1161 to 118 ex div.; Great Western, 66 to 661 ;
Lancashire and Yorkshire, 1251 to 1251 cx div. ;
London and Brighton, 431 to 44} ex div.; London,
Chatham, and Dover, 141 to 151 ; Loudon and
:North Western, 123 to 123/ ex div. ; London and
_South Western, 89 to 90 ex div. ; Metropolitan,
79 to to 791 ex div. ; Midlan 1, 125 to 1251 ex div. ;
forth Eastern (Benviek), 1261 to 127 ox div. ;
and South Eastern, 75 to 751 ex div.
Lombardo-Venetian is quoted at 19i to 2011 ; and
Great Luxembourg at 131 to 14.
The demand for Grand Trunk Securities con-
tinues, and this morning there is an advance of 1
per cent, in the First Preference to 671 to 681.
The Ordinary Stock is 16/ to 161. Great Wes-
tern of Canada Ordinary Shares are better, at
171 to 171.

An advance of I- per cent, has taken place to-day
in Virginia Bons, to 62 to 63, and in Louisiana
Bonds at 61k to 62k. A dividend is payable on the
latter at New York on the Ist May.
American Five-Twenty Bonds are better, at
at 90 ; Ten-Forties, f, at 88 ex div. ; Eries, are
dull, at 21f ; Illinois, have risen to 114 ; and
Atlantic and Great Western Bonds, 29.
In Telegraph Shares Construction and Mainte-
Ilanee are higher ; they are now marked 404 to 41 ;
India Rubber is 58 to 59 ; British Indian and Fal-
111°1'th, are also each k better, the former being
'lated at 1111 to 121, and the latter at 4 to k prem.
Anglo-American, 17 to 1711 ; Anglo-Mediterranean,
17 to 17i.
In Miscellaneous Shares Credit Foncier arc 211 to
° ; General Credit, to k dis. ; Berlin Water Works,
4i to 1411 ex div. ; Hudson's Bay Company, 12} to
' Italian Irrigation Six per Cents., 631 to
`:41;3
•London General Omnibus Company, 21
National Discount, 11 to 11k ;
sular and Oriental Steam, 43i to 44 ; Royal Mail
Steam, 55k to 56k.
t. Advice from Paris mention that the subscrip-
,.n for the great Ottoman Railway scheme will
Pen on the 15th inst., and that the bonds a ill be
400 f., bearing interest of 12f. per annum, to be
;411ed at 110 f. There are to be six annual draw-
'ngi, three of which will include prizes of 600,000 f.,
a'"cl three will include prizes of 300,000 f.
At the sixteenth annual general meeting of the
shareholders of the North British and Mercantile
Insurance Company,
nallranoe Company, held at the Edinburgh office,
the 7th inst., the following results of
e
P Past year's business were reported :—The fire
ul'elliiutns amounted to £505,429, being an increase
athi)" the preceding year of £89,881 ; the fire losses
C°uut to £197,434 ; 863 new life policies were
:stied, insuring £933,301, the premiums on which
ri'illaunted to £30,P2 ; the fire reserve finds
a°lv amount to £593,251 ; the total an-
h4l income of the company is £901,567 ;
4 the total accumulated funds amount to
t,„31091,91.0. A dividend of 20s. per share, or 16
cent. on the paid up capital was declared, pay-
able on
the 25th iust., free of income tax. It was
the Ivel that in future the dividends be paid half-
FiilY, the next falling due on the 25th September.
r' John Flemsng, of the firm of Messrs. Smith,
ijllling, and Co., was elected a director on the
(Inclon board.
th 110 Liverpool Journal of Commerce states that
Ate illispenslon has been announced by telegram of
ehe:4l.B. Ashbridge and Co., commission mer-
Th-ut'l of New Orleans, with a branch in Liverpool.
° liabilities in New Orleans are believed to be
heavy,h but it is stated that those of the branch
,111,8 e Will not exceed £5,000.
Iku he suspension has also been announced of
ataa will
rl:3rs• Thomas Postlethwaite and Co., cotton
lii:3'.erB) of Liverpool. It is expected that the rea-
virrprove favourable, but much depends
n the way in which sundry spinners pay up, to
a,„°,111 thoY are under advances, it is said, to up-
-4,,-T4B of .4.30,000. The total liabilities are believed
ar'' to be very large, and the difficulties of the firm
arrival cotton.
11/At an adjourned meeting of the creditors of
AieB3rs. Pauw, Schneider, and Co., merchants, of
heapaoheater, it was agreed that all goods and yarns
Lut, by the firm for third parties should be returned
'he creditors. Au offer of 3s. 4d. in the pound
tt°Yf the firm was accepted on the understanding that
toturther Bum of 3s. 4d. should be paid to the credi-
eachea_B, by Pauw, by annual instalments of £l,OOO
Year for five years, out of property settled on
Lo.:ife in her own sight.
At the meeting of the Legal and General Life
Assurance Society the new premiums for 1869 were
stated to have been £9,131, assuring £245,975. The
total income is £212,000, of which 170,625 is from
Interest on investments, and the total assets are
1,580,000.
An annual meeting of the Commercial Union
Assurance Company has been held, and a dividend
Ras declared at the rate of 10 per cent., free of
income tax.
A. second distribution of the assets of the Bank
of Bombay, in liquidation, at the rupees per share, was payable
at rate of 25
Bombay on the
25th ult.
A petition for the winding up
of the Teian-
mouth Pier Company (Limited) is to be heard
before Vice-Chancellor Malins on the 18th inst.
A. general meeting of the Anglo-Romano Gas
Company will be held on the 6th of April, at
Rome, to declare a dividend.
The Metropolitan Railway traffic return shows
this' week an increase of £507 over last year ; the
Metropolitan and St. John's Wood, an increase of
£3l ; the Metropolitan District an increase of
£165 ; and the Glasgow and South Western an in-
crease of £BBO.
Oa adjourned meeting of the Great Northern
the,ol
is called for the 16th inst., for
elk:ctiou of an auditor.

FOREIGN FUNDS-TWO O'CLOfl.

a 3 ill`, 4te7poi;NAcmo:cu,,,:it'uNDs.
92/
Per Cent R 1 ed
N. . . euc ...
o;
1:::11231t11
etti,:eirrse°ooevunttrs.,J an. 1894
1021
6.--(4.4. Per Ceti iau.1873
expire sth Jan., 1880
ti °. for 30 Yrs, expire sth April 1885 —ll
L4° (lied Sea elevaph), Aug., 1908 —
-"24111:4. liilla, 41,00, 21 p. Ut. March
8120 Do. 21 do. Juue 40- 4100, 4200 & 4500 —
•of England Stock, 41 per Cent
lic4 ,
4:lu ZistTPuing
~,4' Per Cont. Bonds --
'—‘-'ol94ild 01111211tha