The Sun.
London, England, 1870-02-11 00:00:00

NIONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

Consols are now at 921 to 921 for money ;
ditto, for Account, 921 ; Three per Cent. Re-
duced, 921 3; New Tkree per Cents, 921 3 ;
Exchequer Bills £l,OOO, March, par to 5 ; June,
• prem; ditto £lOO, £2OO, and £5OO, March,
▪ ; June, prem. ; Bank of England Stock,
44 per Cent., 240 2.
India Stock, 101 per Cent., April, 1874, ;
ditto 5 per Cent., July, 1880, 114 j ; ditto 4 per
Cent., Oct., 1888, 1001 1 ; ditto Enfaced Paper,
b per Cent., 1872, ; ditto Bonds £l,OOO, 22
prem.
In Foreign Securities the dealings are restricted.
Argentine is 1 higher, at 86 to 861 ; Mexican 1,
at 14 to 141 ; and Turkish (1865) also 1, at 431- to
431. Egyptian is quoted at 77 to 771 ;
541 to 541; Peruvian, 79 to 791. Russian stocks
continue well supported ; Oriel is marked 85 to 86,
and Charkof at 841 to 851 ; and Spanish, 27f
to 271.
In English Railways Great Northern (A) is not
quite so firm, prices being 181 to 19. London and
Brighton is 1- lower, at 431- to 44 ex div. ; while
London and North Western is 1 higher, at 125 k to
1251. The following are the quotations :—Cale-
donian, 771 to 781; Great Eastern, 381 to
381 ; Great Northern, 117 to 118 ; Great Wes-
tern, 64 to 641 ; Lanca-shire and Yorkshire, 1281
to 1281 ; London, Chatham, and Dover, 14k to
151 ; London and South Western, 93 to 94 ;
Metropolitan, 781 to 79 ; Midland, 1231 to 124 i ;
North Eastern (Berwick), 127/ to 1281; and
South Eastern, 771 to 78.
United States Five Twenty Bonds are unaltered,
871 to 871 ; Erie Shares, 20 to 201 ; and Illinois,
113 to 114.
In Telegraph Shares the only feature is a fall of
in Construction and Maintenance, the price being
44 to 441 ; Anglo-American, 181 to 181 ; French
Cable, 171 to 171 ; British Indian Submarine, 141
to 151. ; China Submarine, to prem. ; and Fal-
mouth, 3 to 31 prem.
There were no gold operations at the Bank yes-
terday.
The Bank of France return this week shows an
increase of £64,000 in the stock of bullion.
A telegram from Bombay announces the stoppage
of Goculdas Liladhur and Co., cotton merchants,
and states that the creditors have agreed to accept
a private composition of four annas per rupee in
cash. The failure is understood to be for a consi-
derable amount, and to have been caused by losses
on cotton and on guaranteeing shipments of cot-
ton to England. The following relates to the Erie
affair " Erie Shareholders' Pro' ection Commit-
tee, 60, Threadneedle-street, 8.C., Feb. 10. Sir,
—My committee have this morning received a fur-
ther telegram from Messrs. L. von Hoffman and
Co., of New York, as follows Transfer books
officially cloyed, without reason.'—l remain, &c.,
W. A. MICHAEL, Secretary."

It is understood that none of the notes stolen
from Messrs. Barnett and Co. have been presented
for payment. This is not surprising, in view of the
extraordinary precautions taken, not only in the
British Isles, but, through the assistance of the
Foreign Office, over the whole of the Continent, as
well as in America and every other commercial

country.
According to the Levant Herald, the arrange
meats relative to the Roumelian Railway having
been completed, its shares will in a few days be
offered to the public of Constantinople by the agency
Of the Imperial Ottoman Bank and Credit General
Ottoman. It is also stated that the Government
have, within the past few days, contracted a fresh
loan with some Galata bankers for £500,000, at 10
per cent. per annum, against Treasury Bonds at
SIX months' date, in order to meet the payments
necessary to be made on taking over the ironclads
ceded by the Viceroy. With regard to these ves-
sels it is added :—" The affair of the Egyptian
ironclads has been so far settled that £420,000 his
been remitted to Loudon through the Ottoman
Bank in payment of the balance due to the builders.
The Viceroy also claims immediate payment of the
amount he has already advanced for the ships, or,
in case of delay, has intimated that he will charge
the Porte interest at the rate of 9 per cent. per
annum."
The arbitration case as to the wages to be paid
to the ironworkers in the north of England from
the Ist of January is to commence to-day at Dar-
lington, Mr. T. Hughes, M.P., being the arbitra-
tor. According to the Iron and Coal Trades Re-
view :--" It is to he hoped that whatever arrange-
ment is made now may be considered binding for
the remainder of the year, as the fixing of wages for
a definite period operates most favourably in obtain-
ing orders, and if such a bargain is not concluded
the whole question may be re-opened in a compara-
tively short time."
From the similarity of name it may be well to
mention that the firms of Messrs. Speyer, Brothers,
of London ; Philip Speyer and Co., of New York ;
and L. Speyer and Ellissen, of Frankfort, are
neither connected in business with nor related in
any way to the Mr. Albert Speyers who figured as
a leading operator in New York at the time of the
collapse of the Erie gold speculation.
The traffic return of the Lancashire and York-
shire Railway for the week shows an increase of
£531 ; in that of the Caledonian an increase of
£1)002 is shown. In the case of the North-
Eastern the increase is £7,611. The North British
exhibits an increase of £854. The Great Northern
stands at an increase of £2,082.
The proposed dividend on North London Rail-
way stock for the half-year is at the rate of 6}
per cent. per annum, against 6 for the corres-
ponding period of 1868.
A. petition for the winding-up of the Oriental
Hotels Company (Limited) is to be heard before
the Master of the Rolls on the 19th inst.
The half-yearly meeting of the London and
Suburban Land Building Company (Limited) is to
be held on the 17th inst.