The Sun.
London, England, 1869-01-02 00:00:00

AND

COMMERCIAL :NT IL (4 -

CUT, Two O'CLOCK.

The half-yearly report of the Palace and Bur-
lington Hotels Company (Limited) to be presented
on the 12th inst. shows an available total of £5,327,
including a previous balance of £1,599, and re-
commends a dividend at the rate of 6 per cent. per
annum, together with a bonus at the rate of 4 per
cent, per annum, which will leave £7BB to be car-
ried forward.

The Lombard Exchange and News-room, a capa-
cious and well-arranged establishment, with all the
conveniences of a commercial club, was opened yes-
terday. It has already more than 1,000 subscriberss
including several of the leading firms, and the
metal trade held change there this afternoon at 3.30,
in lieu of at the Royal Exchange—an alteration
they propose to continue.
The following relates to the debt of Venezuela :
" Consulate of the United States of Venezuela,
35, Ring-street, E.C., Dec. 31.
" Sir,—l have received advices from my Govern-
ment relative to the advertisement inserted in
the London Gazette of the 30th of October last re-
specting British claims against the Republic of
Venezuela, and am instructed to inform claimants
that the mixed commission now in session at Caracas
for their adjustment have nothing to do with the
arrangement of the bonds issued in this country.
With reference to the foreign debt of Venezuela,
the Government is now occupied in effecting a set-
tlement of the same under favourable conditions
for its due and faithful fulfilment by the Treasury.
—I am, sir, your obedient servant,
FRAS. L. DAVIS, Consul." e
Na-
pecial
The annual meeting of the proprietors of th
tional Bank will be held on the 26th inst.
Special
the are also convened for the
same day and
the 27th, to consider a recommendation of some of
the shareholders in favour of a general n being held in July in each year in addition to meetithe g annual meeting in January, and of the repeal of
such portions of the clauses and provisions contained
in the deed of settlement as authorise the appoint-
ment of managing director.
The half-yearly general meeting of the share-
holders of the Consolidated Bank (Limited) will be
held at the City Terminus Hotel, Canon-street, on
the 14th inst., when the report will be presented
and a dividend declared.

BRITISH FUNDS—CLOSING PRICES.
CiOVERNMENT FUND!.'
i per Cent. Console 92
i 1
Ditto for Account, 92*
S per Cent. Reduced 92*
New 3 per Cent . .............. 921 * 1
New 2* per Cent. Jan. 1894 —
De. I per Cent. d an. 187 3..............
. ........... —.—
Annuities, 30 yrs, expire sth Jan.,. 1889.
Do. for 80 yrs, expire sth April 1885
Do (Red Sea Telet„raph), Aug., 19N
Exchoquer Bills, .£1,060, 2 per 0t I
Di. • £5OO —
De. £leo & £2OO — I
.Anlc of England Stock, 4 per Cent 2411
Do. accouat ...
lit Canada 4 per Cent. lionds ...................
ter-Celonial ()mama ..................•
INDIAN OOVEENMENT•SECURITItb
India Stock, 10* per Cent., April 1874
Do. Opening, for Account —
Do. 5 per Own. July, 1880 ll2 i
Do. 4 pea- Cent., Oct. 1888 ........
Do. Certificates •
Do. Enfaced Pape, 4 per Ceui ▪ gi ~ j
Do. 5 per Cent., Jan. 1872 .
___, 4.
Do. 5i per Cant. May 1879,.'
109; i
D 3 5 per Cent., Rup. Deb. 1872 — De. do. 1577 —
Do. do. 1882 .........
D-.,. Deb., 5 per Cent., Aug. la, „
Do, Bonds, 4 per Cent., £l,OOO 2o
Do. under £l.OOO
FOREIGN FUNDS—CLOSING PRICES Argentine Republic, t; per Cent ...... ...... 741-
Do., Scrip 445 paid .. .. — .
Austrian Bonds 5 per ceit
o.
Brazilians per CentlB69
00. 4f per Cent., 1852 72f
Do. do. 1858....
DDo. do., 1860
Do. do., 1863
Do. 5 per Cent., 1865
o Account
B .;enos Ayres 6 per Cent.
CDo 2 per Cent. (Deferred 3 per Cent.)
ouha, 6 per Cent.
....litua 6 per Cent ................
Dno. 4i per Cent.... ........... .
Do. 8 per Cent., ...........................
o. 6 per cec.t. 1867 .......................
DP. 7 per Gent., 1866 Imiltiottomms.• ""

ti[Osi in Ait K T

Consols are 921 f for money ; ditto, for Ac-
count, 921; Three per Cent. Reduced, 921 1 ; New
Three per Cents, 921 1 1; Bank of England Stock,
4 per Cent., 2411.
India Stock, 10/ per Cent., April, 1874, shut ;
ditto 5 per Cent., July, 1880, 112 I ; ditto En-
Enfaced Paper 4 per Cent., 911 2 ; ditto Bonds
£l,OOO, 20 prem.
The Stock and Share Markets opened without
any material alteration, but the tone was good.
Foreign Bonds show strength, and, for Satur-
day, there is a large butiness being transacted,
the pacific aspect of the Emperor's Speech induc-
ing purchases. Turkish of 1865 are 3-16th better,
the Six per Cents. of the same date I, Russian Orel
Bonds Nicolai -I, Peruvian 1. Italian of 1861
are good, at 53i to 53k; Nicolai Bonds, 634 to
651.

In Railways not much doing. Caledonian, 75f
to 76 ; Great Eastern, 40f to 401 ; Great Northern,
106 to 107 ; Great Northern A Stock, 1071 to
108 ; Great Western, 474 to 44.
Bank Shares are for the most part unchanged.
Chartered of China, 20/ to 21 ; Chartered Mercan-
tile, 29f to 30 ex div. ; Consolidated, to s prem. ;
London and County, 49f to 50f.
Miscellaneous Shares are quiet, as follows :
Anglo-American, 214 to 21i ; the Eight per Cent.
Preference, 3 9-16 to 3 11-16 ; Credit Foncier, 28
to 2f ; Hudson's Bay, 13f to 134 ; Telegraph Con-
struction, 161 to 16i.
There is very little alteration in the market for
American Securities this morning, and business ie
dull.

The Frankfort advices confirm the statement
telegraphed a day or two back, that the cvacession
for the Moscow-Smolensk Railway to Sulzbach
Brothers had been sanctioned by the Emperor, with
the condition that no preference shares or bonds
shall be issued befoye 1870. With regard to the
ordinary shares, which amount only to five million
roubles (about £830,000), it appears that the whole
have been allotted at Frankfort and St. Petersburg
to parties who are bound to deposit them for 18
months in the hands of the committee, so that they
cannot dispose of them individually or privately.
The markets will, therefore, be free from these se-
curities for a considerable time.
In the colonial produce markets this week the
transactions have been restricted by the holidays.
Sugar attracts some attention. A few floating car-
goes of foreign have been taken for the United
Kingdom. Low brown descriptions have been
steady. The coffee market is firm. An inquiry
prevails for the lower qualities of white Bengal rice.
Saltpetre is quiet. White pepper has advanced
slightly, the stock being chiefly held by speculators.
In the tea market there is dullness, and the business
has been limited. Cotton shows some furfher re-
covery.
Messrs. R. W. Benson and Co., the London
agents of the Illinois Central Railway Company,
have received instructions to notify that the pro-
posal to issue sterling redemption bonds in exchange
for the 6 per Cent. Construction Bonds will remain
in force till the Ist of April next, when the Con-
struction Bonds thus received must be stamped
" surrendered," and transmitted to the treasurer at
New York.
The section of shaieholders of the Credit Foncier
of England (Limited), who have acted as a com-
mittee in urging certain views with regard to the
management of the company, have yesterday issued
a rejoinder to the recent circular with regard to
them, issued under the signature of three of the
directors, preparatory to the general meeting to be
held on the 6th inst.
The chairman of the Committee of Shareholders
in England of the Kumaon Iron Works Company
(Limited) has requested a meeting to be held on
Tuesday, the sth inst., at 27, Great George street,
Westminster, to take into consideration the forma-
tion of a board of directors in London and other
matters.