The Sun.
London, England, 1869-02-03 00:00:00

ONEY MARKET

AND
COMMERCIAL INTELLIGENCE,

CITY, Two O'CLOCK.
The preperation for the settlement to-morrow
has retarded business operations, and Government
Securities were flat to-day. There has been some
small transactions in the foreign and railway
markets. The rate of dis. is still 21 to 1.
Consols are 921 s for money ; ditto, for Ac-
count, 931 ; Three per Cent. Reduced, 934 4 ;
New Three per Cents, 931 4 8 ; Bank of England
Stock, 4 per Cent., 244.
India Stock, 104 per Cent., April, 1874, 211 ;
ditto 5 per Cent., July, 1880, 1124 4 ; ditto 4 per
per Cent., Oct., 1883, 1024 ; ditto Enfaced
Paper, 4 per Cent., 991 ; ditto Debentures, 5 per
Cent., Aug., 1873, 1044 ; ditto Bonds, £l,OOO,
25 22 prem.
In the Foreign Market prices are quoted as
follows : —Brazilian of 1865, 811 to 4 ; Chilian
of 1867, 931 to 931 ; Egyptian of 1864,
87 to 89 ; ditto of 1868, at 731 to # ; Italian of
1861, 551 to 4 ; ditto the Tobacco Loan, 5 to
Prem. ; Mexican, 154 to 16 ; Peruvian of 1865,
764.tai, 67 o 761 ; Russian of 1866, 911 to 92 ; ditto
Nicol to 4.
in the railway market the prises in London and
North Western, 1174 to 118 ; Great Western,
631 to 1; Midland, 118 to 4 ; London and
South Western, 89 to 91 ; Great Eastern, 421 to 4 ;
Brighton, 524 to 1 ; South Eastern, 831 to 1 ;
Metropolitan, 1094 to ; Great Northern, 1121 to
113 ; ditto A, 1114 to 112 ; Caledonian, 794 to 4 ;
and London, Chatham and Dover, 174 to 4.
There is a reduction of 1 per cent. in Illinois Cen-
tral Railway shares, viz., to 924 to 4 ; Erie, 251 to
; Atlantic and Great Western Debentures, 404
t° ditto Consolidated Mortgage Bonds, 424
to 434 ; and the 5-20 Bonds, 764 to 4.
In miscellaneous shares National Discounts are
14 to 4 ex div. ; General Credit, 14 to 1i dis.
International, 14 to 14 dis. ; Telegraph Construe.
Preference,
18 to ; Atlantic Telegroph Eight per Cent.
rreference, 4 1-16 to 3-16 ; and Anglo-American,
224 to 1.
In Bank Shares prices was as follows :—City, 114
to ;‘, ex div. ; Imperial, 164 to 171, ex div. ; Lon-
don and County, 501 to 4 ; London Joint-Stock,
314 to 4, ex div. ; Union of London, 354 to 361 ;
Anglo-Austrian, 11 to 12 prem. ; and Imperial
Ottoman, 11 to 14 prem.
The sum of £B,OOO in bar gold was withdrawn
from the Bank yesterday, and 7,000 sovereigns for
Batavia.

The Danube from Brazil has brought £6,492, the
Union from New York £13,000, the City of Ant-
werp £ll,OOO, the Star of Peace from Melbourne
'247400, and the Biafra from the coast of Africa
4,362, making a total of £66,254.
The proposed dividend of the Great Northern is
at the rate of 7i per cent. annum.
sPecial meeting of the North London Railway
Company is called for the 25th inst., to consider and
I,lPProve a bill proprosed to be introduced into Par-
'lament during the present session.
-rhe directors of the London and County Bank
have decided to recommend at the meeting on the
4th inst. a dividend of 6 per cent., together with a
bonus of 2i per cent. for the half year.
At the meeting of the Provincial Banking Cor-
?oration
(Limited), a dividend was declared for the
half year at the rate of 71 per cent. per annum free
of income tax.
The dividend of the British and Irish Magnetic
Tselegraph Company for the last half year has been
tieelared at the rate of 12 per cent. per annum.
.4. second dividend of 2s. in the pound is now pay-
able to the creditors of the Lisbon Oil Mills Com-
Pany, Limited.
The following message per cable from New York
148 been received :—" New York, Feb. I.—The
Pennsylvania Railway has secured control of the
only Chicago connection of the Atlantic and Great
estern, diverting the entire traffic to their road ;
the same interests are attacking the validity of the
kahoning lease. The Mahoning stockholders have
''elected the transfer of their road to the Erie
Company."
The recent improvement in Turkish Securities
seems partly attributable to reports that the
Budget for the next financial year, which is in
course of preparation at Constantinople, will show
a remarkable increase in the revenues of the
Empire.
According to reports at Frankfort, the Italian
Government are contemplating a large loan of
4"
°,oooooof. net, the proceeds of which are
destined mainly for effecting a return to specie pay-
-112 etitc Negotiations are pending with various cot:a-
vail:es, but the Minister of Finance insists on an
amalgamation of all the competing establishments,
11,0. that the new stock may be divided between the
different countries, and not press too heavily on a
%Ingle market.
A Credit Bank has been advertised for subscrip-
-4,°11 at Stuttgart, and in addition to the Credit
Dank
hrstarted at Munich, under the patronage of
Anglo-Austrian Bank, a similar one will be
I.lght out at the same place by the French-
Austrian Bank, itself yet in embryo. The greedi-
nress of the public to engage in these concerns after
:cent experience is becoming a serious feature, and
he least symptom of political complications would,
" is believed, lead to enormous losses.
, Loinbardo shares, supported by a powerful cotn-
"ation of bankers at Vienna and Paris, are in
ncipal favour on the Frankfort Bourse, and there
hall been transactions to an enormous amount in
(nein. The price has now reached within a fraction
Will Qe "Id reports are current that the operations
par that
until it shall be so much above
itarat an °fit- of new shares can be made to the
folders' 13° as to lrovide the sums yet required
new lines, a course
that them as bitherk,
that would be preferable to
high rates. French-Austri,..
by preference shares at
shares are equally in
!°°d demand, the receipts stn showing a surplus
7er those of last year, notwithsta.,ll14 n-
the reduc-
inn in the export traffic.
At a meeting of foreign bondholders,`-tr. B. W.
Crawford, M.P., in the chair, the repot of the
eftitnittee was adopted, and the following gutie.
Inea were appointed members of the council, vz,
4r. C. Bell, M.P., Mr. G-. Worms, Mr.:,
~,'szeuove, Mr. T. Moxon, Mr. P. Rase, Mr. J.
bterstenberg, Mr. Jameson, Mr. G. E. Bentinck,
tli_*P. Colonel R. D. Beaumont, M.P., Admiral
I',ltids, and Mr. Sheridan, M.P. This judicious
e4ectiou can scarcely fail to impart confident in
‘ne character of the new council.
the defendants in the Overend and Gurne' pro-
secution are not obliged to plead to the indi'ment
~,°llllcl against them until next term, whict corn-
rnces on the 12th of April next. After plading,
they are bound to give notice of trial in tl= same
aY as it would be given in a civil action The
Indictment is then entered for trial, and ikes its
turnvs amongst the civil proceedings on the }per of
itCourt of Queen's Bench. It is impossile that
can reach trial until after the long Station,
ceases ceases in November next, and as spell jury
eases are not taken until after term, the t3l can-
not come on in the ordinary course before nuary,
1870.
The Court, however, on the applition of
have
party, may appoint it, after the dendants
aye pleaded, for an earlier period.

11/TIVI FUNDS—TWO O'CLOCE
as
pteir(titoooNef'Enotar. xfificixirstit;ND S.
931'1
931
93it I
.k, per Cont. Reduced
931
pw 3 per Cent
e-r,W 21 per Cont. Jan. 1894
—l3. 6 per Con J an. 1873
Do. for 30 yrs, Spire sth April 1885 —
t, (Rod Sea T:legraph), Aug., 1908."
Pm
..zelacquzr Bills, .£l,OOO, 21Iper Ct. De.
500 De,
£lOO & £2OO
14
ak of England Stock, 4 per Cent
K
e_uo. account
Inter-ColonialtYtd Omnßir Cent. onds —
=
T_ . INLIAN GOVERNMENT SECURITIES
'4lla. s',tock, 101 per Cent., April 11874 2ll
130.
D°. . Opening, for Account
--
n per tient. July, 1880
1121
p°- 4 Pe': Cent., Oct. 1888
,sO. Certificates
",0. Enfaced Palau 1 per Cent 921
1-'O. 5 per Cent., Jan. 1872