The Sun.
London, England, 1869-12-20 00:00:00

NEY HARK

AYD

in quotations.

Five-Twenty Bonds are I lower, at 854 to BG,
and there is a decline of 8 in Erie to 17.
Lombardo-Venetiau are 1 higher, at 211 to 211 ;
and Great Luxemburg is dealt in at 121 to 121.
There were no goldloperations at the Bank on Sa-
turday.
The India and China mail steamer Poonah has
taken out £120,504 for Bombay.
With reference to the return of the acceptances
of Mr. James Hunter, of Belfast, it is stated on
authority that his house is only temporarily incon-
venienced by the suspension of Messrs. James
.Pim and Co., that his estate shows a large surplus,
a point on which his principal creditors in Belfast
have satisfied themselves, and that it is not antici-
pated that there will be any interruption in his
business.
The suspension has been announced of Messrs.
Bradley, Brothers, and Leedham, wholesale ware-
housemen, of Great Carter-lane. The books have
been placed in the hands of Mr. W. J. White, but
the amount of liabilities has not transpired.
It is stated from New York that the Michigan
Central Railway and the Great Western cf Canada
have arranged for the consolidation of their through
traffics for the next two years as a preliminary to a
more complete identity of interests.
The first ordinary meeting of the Metropolitan
Street Tramways Company will be held on the 12th
of January.
The first ordinary meeting of the Pimlico, Peck-
ham, and GrLenwich Street Tramways Company is
called for the 12th of January.
The Board of the European Assurance Society
have passed a resolution in accordance with the
opinion expressed at the general meeting of the
shareholders, held on the 18th November, to the
effect that the stun of £lO,OOO shall be forthwith
set apart as a special fund to meet guarantee claims
as they may arise, and that this sum shall be an
nually increased till it reaches the amount o.
£50,000.

Lord Romilly ordered the petitious presented
on Saturday for a compulsory winding up of the
Arthur and Albert Average Associations to stand
over, pending the fulfilment of certain arrange-
ments entered into for the payment in full of the
petitioners' claims.

A special meeting of the Great Central Gas
Consumers Company will be held on the 7th of
January, when a bill will be submitted authori,ing
the company to raise capital for further works,
" and to provide for the loss occasioned by certain
fauds committed upon the company, and for other
purposes."

The liquidators of the Accidental and Marine
Insurance Corporation (Limited) have requested
the opinion of the creditors with reference to an
offer made by them of 10s. in the pound from a
large body of the alleged contributories of the cor-
poration, as past members, with a view practically,
of terminating the pending litigation in connec
tion with their disputed liability. The circular
mentions a feature which illustrates the extent to
which the ruin from Joint-Stock disasters may be
attributed to the Court of Chancery. "Some
idea," it is stated, "of the expensive nature of the
proceedings and the likelihood of their lasting a
considerable time may be gathered from the fact
that one affi lavit submitted to the Court, compri-
sing the necessary accounts and statements of debts,
in respect of which the liquidators were seeking to
make calls upon the past members in no less than
784 folios in length. And it seems likely that if a
compromise be not agreed to, the liquidators will
have to face a prolonged dispute upon many of the
questions of law and fact intended to be raised by
the opposing shareholders."
The manufacture of the cable for the British
Indian Submarine Telegraph, 3,600 nautical miles
in length, to be laid from Suez to Bombay, was
completed at Greenwich ou Saturday, the 11th inst.
The outer covering of this cable was commenced at
Greenwich on the 23d of June last; it has therefore
been exactly five months and 18 days in course of
manufacture, equal to 147 working days, which
gives an average speed of manufacture of 24i
nautical miles per diem.
Vice-Chancellor James has had before him two
petitions for the winding up of the Medical Invalid
and General Life Assurance Society—the one that
of a shareholder, the other of a creditor. After
hearing counsel for the various parties interested,
his Honour gave the order for winding up on the
petition of the shareholder, represented by Mr.
Awphlett, Q.C., and Mr. Higgins. This is the
chief of the many companies amalgamated with
the unfortunate Albert.

BRITISH FUNDS -TWO O'CLOCK.

GOVERNMENT lUNDS.
3 per Cent. Consols
Ditto for. Account, Jan. 6
S per Cont. Reduced O2 -
No ,:- :-1 per Cent
-.
New 21 per Cent. Jan. 1894
Do. 5 per Cen J an. 187 3
Lunuities, SO yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 —
Do (Red Sea Telegraph), Aug., 1908 —
Exchequer Bills, £l,OOO, 2i p. Ct. March
Do. 3 do. June 2
Do £lOO, £2OO & .£5OO 6 pm
Bank of England Stock, 49 per Cent
De. opening .. —
Canada 4 per Cent. Bonds —
1 later-Colonial Onnumn
INDIAN GOVERNMENT SECURITIES
India:,cock, 10i per Cent., April 1874 , Shut
Do, Opening, for Account —

COMMERCIA.L INTELLIGENCE.

CITY, Two o'CLocK.

The rumour that France had proposed to the
Continental powers " disarmarcrtnt," has pro-
duced a feeling of activity in the Stock Exchange,
but the brokers generally looked
.upon the matter
as a circumstance " too good to be true." Until
something more definite is known quotations will
not materially alter. In the foreign market the
prices are giving way, and the same tendency is felt
in railway securities.

At Mark-lane this morning the prices of corn
were steadier, but we have no alteration to report

Consols are now at 928 to 921 for money;
ditto, for Ac 928 ; Three per Cent. Re-
duced, 92 ; New Tree per Cents, 922 2 ;
Exchequer .Bills £l,OOO, March, 5 prem. ; June,
2 7 prem. ; ditto £lOO, £2OO, and £5OO, March,
prem. ; June, 6 prem. ; Bank of England Stock,
41 per Cent., 237.
India Stock, 101 per Cent., April, 1874, shut ;
ditto 5 per Cent., July, 1880, ; ditto 4
per Cent., Oct., 1888, 1001 ; ditto Enfaced Paper,
51 per Cent., 1101 ; ditto Bonds £l,OOO, 25 prem.
In the Foreign Market there is a downward
tendency. Prices are as as follows :—ltalian are
higher, at 558 to 55:1. Turkish Five per Cents.,
are -1 better, 44 to 444 ; Egyptian, 784 to 78:1,
being a decline of f. Other descriptions are with-
out particular feature.
Th English Railway Shares are tolerably well
supported, but businessis rather limited. Metropo-
litans are 831 to 832 ; Caledonian, 77f to 78 ;
London, Chatham, and Dover, 151 to 154 ; South
Eastern, 772 to 78 ; London and Brighton, 47
to 472; Great Northern, 108 to 109; Great
Northern (A), 1091 to 1094 ; Great Eastern, 37i
to 378 ; Great Western, 552 to 56 ; Lancashire
and Yorkshire, 12q to 1271 ; London and North
Western, 1218 to 122 ; Midland, 1194 to 1201 ;
and North Eastern (Berwick), 122 to 1222.
A fair business is doing in Telegraph Shares, and
with the exception of Anglo-American, which is 1
lower, at 188 to 188, prices are firm. Construction
and Maintenance opened at an improvement of 8,
and have since further advanced to 351 to 35k.
French Cable is steady at 14i to 15 ; and Atlantic
Eight per Cents, lf to 2.
There is very little business doing in Bank Shares,
and prices are without change. Agra (A) is quoted
at 101 to 11 ; Alliance, 122 to 13k ; Anglo-Aus-
trian, 11 to 13 prem. ; Chartered Mercantile, 31i
to 32k ; Consolidated, 4 1-16 to 4 3-16 ; Im-
perial Ottoman, 22 to .24 prem. ; London and
County, 47f to 488 ; London and Westminster,
582 to 591 ; Oriental, 41 to 42 ; London Joint-
Stock, 312 to 322 ; and Union of London, 37
to 38.