The Sun.
London, England, 1869-02-24 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.

Consols are 93 1. 2/ for money ; ditto, for Ac-
count, 93 ; Three per Cent. Reduced, 931 1 ;
New Tlaree per Cents, 931 ; ditto 21 per Cent.,
1891, 744 ; Exchequer Bills, £l,OOO, 21 per
Cent., 3 dia. ; ditto £lOO, £2OO, and £5OO, 3 dis. ;
Isauk of England Stock, 4 per Ceut., 244.
India Stock, 1.01 per Cent., April, 1874, 111 ;
ditto 5 per Cent., July, 1880, 1121 1 ; ditto 4 per
Cent.,Oct.,Ot 1888, 1021 1 ; ditto Eufaved Paper,.
per Cent., 93 ; ditto 5 per Cent., 1041 ; ditto a
Per Cent., 1114 ; ditto Debentures, 5 per Cent.,
1041 4 ; ditto Bonds under 21,000, 12 prem.
There is no great change to notice in the depart-
bent for Foreign Bonds. Italian are 3-16 better ;
Turkish of 1865 are 1. Eg,3ptian are good.
Nicolai Bonds are 661 to 67 ; Orel Vitelkk Bonds,
821 to 831 ; Moscow Jaroslaw Loan, 801 to 80; ;
oli
nduras Bonds, 85 to 87 ; Chilian Six per Cents.
of 1867, 941 to 95 ; Egyptian Seven per Cents. of
1864, 881 to 89.
The following is the business transacted in the
Railway Share Market :—Brighton, 511 to 511;
Caledonian, 771 to 771; Great Eastern, 381 to
381 ; Great Western, 52 to 521 ; Great Northern,
"A," 1121 to 1124 ; Lancashire and Yorkshire,
1281 to 129; ; Metro' olitan, 105 to 106 ; Midland,
1211 to 122.

Colonial Government Securities are quiet.
Canada Six per Cents., 1041 ; ditto Five per
Cents. Consolidated Bonds, 934 94 ; New South
Wales Five per Cent. Bonds, 1875, 1004 a ; ditto
1888 to 1896, 984 991.
Bank shares are firm. Chartered Mercantile, 30
to 31; Consolidated, 4to prem. ; London and
County 51 to 52; London Joint Stock, 324 to 334 ;
London and Westminster, 644 to 654 ; Oriental,
44 to 45 ; Union of London, 364 to 375.

Miscellaneous Shares are steady at prices :
Anglo-American Telegraph, 22/ to 22.1 ; Atlantic
Eight per Cent. Preferential, 4} to 4; ; Hudson's
Bay, 131 to 13i.
Business is moderately .active in the market for
American Securities this morning, and prices are
generally steady.
Letters from Dundee announce the failure of
Mr. It S. Jamieson, corn merchant and flour
The liabilities are stated to amount to
£lO,OOO, and the estate is expected to yield ss. or
68. in the pound.
Mr. H. G. Gordon has resigned his seat at the
Board of the Ceylon Company (Limited), the direc-
tors of which, on accepting the resignation, ex-
pressed their " unabated confidence in his honour
and integrity."
At the meeting of the General Steam Navigation
Company yesterday, Mr. John Wilkie in the chair,
the usual dividend of 145., being at the rate of 10
Per cent, per annum, and a bonus of 2s. 6d. were
declared.
The directors of the Telegraph Construction and
Maintenance Company (Limited) recommend the
payment of 21. per cent., the balance of interest on
capital, and 5 per cent. dividend (free of income
tax), making 10 per cent. for the year.
The death is announced of Mr. George Robert
Smith, the head of the firm of Messrs. Smith, Payne,
and Smiths, the bankers, of Lombard-street. The
event took place at Eaton-square yesterday morn-
ing' lie has left a large property, and only two
Bona to inherit it.
We are informed that, up to Monday, February
22, 2,012 miles of the French Atlantic Cable bad
been manufactured and certified by the engineers.
The Manchester Examiner says :—" We under-
stand that the state of the cotton trade at Over
Darwen grows more gloomy every day. Some mills
are entirely closed, some are on short time, and
others are on short time with a large portion of
machinery entirely stopped."
The directors of the Metropolitan Railway Com-
pany have issued the following circular to the
,shareholders The Vice-Chancellor, Sir Wil-
liam James, having granted an injunction upon
the second motion of Mr. Salisbury, referred
t 0 in the directors' report, the company arc
restrained for the present from dividing the
£42,600 received for the past half-year from the
Contractors. The course contemplated with refer-
ence to that sum being, as the directors considered,
strictly in accordance with the spirit of the arrange-
taenta entered into in 1865, on the creation
of the extension shares, with the settle-
tlent of last year, and with the legislation
which thereupon ensued, they propose, if so ad-
vised by counsel, to obtain the decision of a
higher tribunal upon the true construction
of the Act of last session. Should the judg-
ment of the Vice-Chancellor be upheld, they will,
With the sanction of the shareholders, avail them-
selves of the opportunity of the company's bill, now
before Parliament, to bring up a clause enacting,
in direct terms, that the £42,600 in question shall
b: applied, as heretofore, to the purposes of divi-
u,eia The directors recommend the proprietors to
oeelare at the meeting an interim dividend at the
rate of 6 per cent, on the Preferred, 3 per cent. on
the Deferred, and 4i per cent. on the Extension
and Ordinary Stock, leaving the £42,600 to abide
the result of the appeal or further Parliamentary
enactment, as the case may be.
Savannah advices of the 10th inst., published in
Neer York, state that on the previous evening a
meeting of planters was held at the Palace, by
Whom
a resolution was adopted guaranteeing with
IO Per cent. of their property the issue of a loan of
73 f
In:1.0.00,00 in notes by the Spanish Bank, 5 per cent.
e taxes to be devoted annually to its redemp-
tion.

At the time when the necessity of adhering to
needful,
principles of business is more than ever
and has been severely impressed by the
ser,B3"B of experience, it is noticed with surprise that
"1:413. of the Australian banks have become shippers
peaimporters of wool, thus competing, it would ap-
tr) 'with merchants both in the colonies and in
b:Ild°11. That banks in adopting this course must
tassuming responsibilities and risks never con-
hinPlated by their shareholders seems obvious, and
e question arises whether such transactions can
come Within the scope of charters or deeds of settle-
er,ut• It is understood that other banks strongly
ePeee the measure.

BRITISH FUNDS-CLOSING PRICES.

(40,4RNMENT FUNDS. __ _
I) Cent Consols
1 Ditto for Account,
liPerw Cent. Reduced 931 I
lie't 3 per Cent
Do. 2i per Cent. Jan. 1894
4,,„25 per Can , an. 187 3
-T,'"llities, 80 yrs, expire sth Jan., 1880 —
E-yNo for 30 yrs, expire sth April 1885 l2f
'0 (Red Sea Televaph), Aug., 1908
3
clis
4encquor Bills, £l,OOO, 2i per Ct.
Lo,
3
£5OO
Do.
3
.119.,,t, 4;100 & £2OO
-‘,:f England Stock, 4 Per Cent • 244
ktber
0 0. account
I 444(14 4 per Cont. Bonds —
Celonial Omni-tun
Itur-141nAlt GOVERNMENT SECURiTiEs.
nt tock 10f Ceut April 1874 2ll
1::),„ , per ~
Liu: Opening, for Account -
D 0.4
per Cent Oct. 1888
kin. Certificates_
_•
93
ne• Enlaced Pape. 4 per Cent
°. 5 per Cent., Jan. 1872 , lO6l
1.10 k
114
D • •jt per Cent. May 1879
3 u Per Cent., Rup. Deb. 1872
Do
do. 1877 —
to do. 1882 —
Do-
jk ' ?
Deb 5 per Cent., Aug. 1873 ......
_lO4
l)
Bnderoni ti,
£l. 4 per Cont., £l,OOO
12
b• UOOO
4r. FOREIGN FUNDS—CLOSING _PRICES.
801 1
i ntine llepi):1e, t ror Cent ...
Asu °I Scrip 4.43 paid .
arias bonds 0 per cent
13,4. DO. 1859 —
than 5
por Cent —
1.) 44 Per Coot D's 2 —
00--°' . do. 18.58 —
bo. d* .
186 '
de
Do. 5 o , 1863
, per Cent., 1865
u :,0 Account
lecos Ayres 6 per Cent
i.,,1:!0 2 per Cent. (Deferred 3 per Cont ::
~' )11, 3 per Cent.
•,,,Illan per Cent
1:;°' 4 i Per Cent..
0. 3 per Cent., "
0
r, 6 Per Co* t. 1867 941 5
.0. 7
D
, per Ocnt., 1866
b,l'nsti., 3 Cent., 1825 ~,,nntnon grincipalities, 7 lor Cent 7(l'
4)0 8 per Cent., 1867 ... 84