The Sun.
London, England, 1869-01-19 00:00:00

ONLY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two oCLoc K.
The market for Government Securities was in a
very quiet state, but what business was done was
transacted at yesterday's prices. There has been a
shade of improvement both in Foreign Securities
and Railway Shares. Money in the open market
is
-not to be had under 2i to 24.
Consols are 92i :It for money ; ditto, for Ac-
count, 924 4 ; Three per Cent. Reduced, 934 3;
New Tkree per Cents, 934 3 ; ditto April, 1885,
124 ; Bank of England Stock, 4 per Cent., 244.
India Stock, 104 per Cent., April, 1874, 211 ;
ditto 5 per Cent., July, 1880, 112 k 4 ; ditto Bonds
tinder El,OOO, 22 prem.
In the Foreign Market Turkish Five per Cents.
have risen to 38 384 ex div., and New Spanish
Three per Cents. have improved to 304 30k ex div.
Italian Five per Cents. remain steady at 534 531 ;
Greek at 114 12 ; and Mexican at 15i 15k.
Italian Scrip is 1 14 prem. ; and the last Russian
Railway Loan at 1 dis., par ; Egyptian Seven per
Cent. is 714 714 ex div. ; and the Honduras Loan
43 improved, to 86 87 ex coupon.
an the railway market Great Westerns are 4
better, Great Northern A 1 ; Metropolitan, 4 ;
Brighton, 1 ; North Western, 1 ; Lancashire and
Yorkshire are 1 lower. The quotations are :
Caledonian, 78 4 ; Great Western, 49 to
; Great Eastern, 414 to 2 ; Great Northern,
107 to 108 ; ditto A, 1081 to 109 ; Lancashire,
1294 ; Metropolitan, 1081 4 ; Midland, 1144
; Sheffield, 474 8 ; Brighton, 52 to 524 ; North
British, 334 41 ; North Western, 1144 151 ; North
Eastern, 1034 44 ; South Eastern, 80 1 ; Chatham
and Dover, 171 171.
Great India Peninsular Railway New Four per
Cent. Debenture Stock is 90 91 ex div.
American Five-Twenties are 4- better than
Yesterday, being now 754 75i ; the Bonds
of 1885 are s higher, at 73:1 74 ; and
the Ten-Forty Bonds remain at 72 711.
Atlantic and Great Western Railway Debentures
are firm, at 41 414, and the Consolidated Mort-
gage Bonds at 456 46f. Eries have risene, to 26;
27 ; and Illinois Central stock is unchanged, at 924
93 ex div.
In Banking and Miscellaneous shares prices are
as last quoted.
At the half-yearly meeting of the shareholders of
the Imperial Bank, held to-day at the City Ter-
i/14ms Hotel, the report of the directors recom-
nlending the payment of a dividend at the rate of
5 per cent per annum, free of income-tax, was,
after some discussion, adopted.
At the half-yearly meeting of shareholders of the
City Bank, held this day in the London Tavern ;
the report presented by the directors declaring a
dividend at the rate of £7 per cent. per annum, free
of income tax, was adopted.
No bullion operations of importance took place
Yesterday at the Bank.
The Weser, from New York, has 'brought
94,000 in specie. The Washington, from Vera
Cruz, has also reached St. Nazaire, with £440,000,
Of which £312,000 is for London.
The directors of the Manchester, Sheffield, and
Lincolnshire Railway Company propose to pay a
dividend for the half year ending December last, at
the rate of 24 per cert. per annum.
The directors of the New Zealand Trust and
Loan Company (Limited) have resolved to de-
clara an interim dividend of ss. per share, being at
the rate of 10 per cent. per annum.
At the meeting of the New Consolidated Dis-
count Company, Limited, a dividend was declared
at the rate of 6 per cent. per annum, free of in-
come tax.

At a meeting of the creditors of the Commercial
Bank Corporation of India and the East it was de-
cided to accept 17s. in the pound, in settlement of
all claims, and with a view to all further litigation
being stopped.

An extraordinary general meeting of the share-
holders of the General Exchange Bank, Limited,
is called for the 3d of February, to appoint a share-
holder to act on the Permanent Committe-3 of super-
vision, in the room and stead of William Culver
Bennett, deceased.
The second ordinary general meeting of the No-
-7a Scotia and New Brunswick (Intercolonial Rail-
ways Company (Limited) is called for the 25th of
February.
The ordinary meeting of the British Shipowners'
Company (Limited) is convened for the 25th inst.
St Liverpool.
Parr's Banking Company (Limited), having Its
head office at Warrington, reports the net profits of
'aSt year to have been £36,996, out of which a di-
i.clencl of 8 per cent. per annum is declared.
The traffic return of the South-Eastern Railway
exhibits an increase of £2,259 ; and that of 01,3
Great Western of Canada an increase of £4,153.
The Brighton Railway traffic return shows this
reek an increase of £2,269 over the corresponding
week of last year, and the South Eastern an in-
cease of £2,259.
The traffic return of the Great Western Railway
ot
„_ Canada for the week ending the 15th inst. shows
"'.l increase of £4,153 over the corresponding period
°f 1868.
031113 project for a new Brighton line, although
„.: aalcloned for this year, will be revived next ses-

The failure is announced of Messrs. Morgan,
'el.bourn, and Co., merchants, with liabilities esti-
tilated at about £500,000. The firm, which has
boPied a very respectable position, was established
ut half a century ago in Batavia, but the branch
establishment here has not been in existence more
tau three or four years. The creditors are chiefly
i'
nthe East. The losses are stated to have been
14111,cipally in produce.
Ihe disastrous history of Overend, Gurney, and
Co' has advanced one step more. The impoverished
shareholders have been informed by the official liqui-
dator that a further and immediate call of £5 per
13 are is necessary to meet the liabilities falling due
04
the 15th of March. The further sum of £5 per
share now demanded does not close the vista of
propl,. able calls, a further call "of some amount "
Ilslg foreshadowed as " possible " in August
e4t. The shares in this notorious concern were
originally of £5O each, upon which £l5 was paid
during the brief duration—about nine months—
of d
the limited company. Since it passed into liqui-
dation two calls of £lO have been levied, making
£35. Paid, and leaving £l5 still to be met, of which
t nONV required. Thus £,lO out of the original
I°,lltal of £5O may be regarded as already engulphed.
° liquidators have under the advice of emicent
:tinsel filed a bill against the directors of the com-
pany, with a view of making them responsible for
the
losses sustained by the shareholders arising out
of
vatl'e Purchase of the " old firm," and the mode in
ich the arrangements for effecting that purchase
Was carried out.

BRITISH FUNDS—CLOSING PRICES.
QOVERNMENT FUNDS:
92i
perh, Cent. Consols
92* i
i, ''''ttto for Account,
93i 3 8
;,',Pr Cent. Reduced
93i 3 t
i,,LSW 3 Per Cent
170251 per Cent. Jan. 1894 ...
4 . per Co.nt J In. 1873 gilUities, SO yrs, expire sth Jan,
bo. for 30
Sea
' ' • "th April 1885 '
1880 —
El2l
bo Rod Y ,14'xpue °
xut ( Sea lelekraph), Aug,., 1908
____--
icquer Bills, .CAO, 2 per Ct
Pm
1.)0.
£5OO
„ Do.
_
£lOO & £2OO
2-14 DJ Pm
.I'Llit. of England Stock, 4 per Cent
ho. account _
_
t.a.tiada per Cent. Bowls
_
InterColouial Ornniutn
Im.INIMAN GOVEUNMENT bECtitITIE , _
Dkua S'tock, 10' or Cent., April 1874 2ll
o. r, . 1 P
-
U° opening, for AccouLt
112* i
i';'). 5 per Cent. July, lstto
nr,°' 1 Pe.= Cent , Oct, 1888
• Cnortiticat.B _
_
ii".o.: tufaced l'apt, 4 per Cont.
14' 5,. Per Cert., Jan. 1871
13,)* `',ll- Per Cent. May 1879 —
'-' per Cont., Rup. Deb. 1872 _
_
De.
do. 1877 Do
D • do. 1882 —
Do.-• bob.. 5 Der Cent., Aug. 73 ~.... --
,-, , . , ,-,-
Pm
, uonds 4 per Cent., £l,OOO ...... ... 22
',O- under'.£l,ooo
IfOREIGN FUNDS. CLOSING P
" CLOSINRICES.
A
Arriel lltine Republic, 6 per Cent 7si 6
ti'44.l 8
41 Bonds)c
p aid ..
6 per cent .., —

Do. 1859..
-s
Brlzilian 5 per Cent lOO4
30. 41 per Coat., 1852 —
Do. do. 1858.... .............

Do. do., 1860
Do. do., 1863 69
Do. 5 per Cent., 1865
uo Account 79- 801
13.e.t.0s Ayres 6 per Cent.
Do 2 per Cent. (Deferred 3 per Cent )
Cut)a, 6 per Cent.
Cullum 6 per Cent
90. 4i- per Cent
Do. 3 per Cent.,
1 o. 6 per co .t. 1867 914
I'o. 7 per Cent., 1866
C lo ulna», 6 per Cent.
Dau•sii, 3 per Cent., 1825
Danutian Principalities, 7 per Cent —
Do 8 per Cent., 1867 • 00000
--
Equador New Consolidated, 1 per Cent
Lgyptian, 7 per Cent ..•
Do Second Issue
tio.lsit. Bonds
Do. £lOO Bonds .••..
Do. 1864
Do. Account
Do. £suo Bonds
DO. £11)1, Bwids qOl
English Scrip,llB6B. 7l
Du do. £l5 pd
Government Thilwav Debentures
Greea- 5 per Cent., 1824 5, ex Coups
Do. Account
Do. Coupons
Do. Account
..•
guateinala 5 per Cent
Honduras Gov. Rail. Loan., 10p. Ct., all pd
It, aau o per rent., 1865
.10. Account .

Do Ilitreinmana Itaiiway
\lexi(7:ti: 3 per Cent
Ditto for Account

Dn. 1864 —
Do g per Cont. Anglo-French —
iontovichittu G per Cont.
toorish Imperial 5 per Cent
Now Granada l5

Do 3 per Cen. 36
Do. Deferred
P ,rt,lguese 3 per Ct., 1853,'6, 7, 364
Do. do. 1867
Do. do. Scrip, £2O paid —
Itassian 5 per Cent., 1822, St
Do 44 per Cent , 1850
Do 44 per Cent., 1860
Do 3 per Cent., 1859
Do 5 per Cent., 1862
Do. A.nglo-Dutcb, 1861, £lOO 130ndE.., 904
Do. de. £B4 15s. do.
Do., 1866, £lOO Bonds
Do. do £B4 15s. do —
Do Nicolas Railway 604
Sardinian b per Cent
Spanish 3 per Cen
Do. Acc,,uni. --2
Do. 1867
Do. Account
Do. New Deferred
Do. Account
Do. Passive
Do. Corn. Cert. of Coup. not funded
Do. Account
Swedish Provincial Mortgage Loan
Do Government, 1864
Do do, 1868
Do do, Scrip —
Turkish 6 per Cent.
Do Account
Do 6 per Cent. 1858 ...
Do Account
j Do £lOO Bonds
Do 6 per Cent., 180
Do Account
Do .£IOC Bonds 64
• Do 5 per Cent. 1865
--
DJ Account
Do 6 per Cent., 1866 6O
Do 4 nor Cent., Guaranteed
Venezuela 3 per Cent.
Do. loci ant
Do 6 per Cent. 1864
Do 6 per Cent., 1832
Dividends on the above payable in u.
Austrian a per Cent. Ex 10 Florins
Belgian, 44 per cent., Ex. 25f.
Dutch 2A. per (lent.. Ex. 12 Gail,:
Do. 4 per Cent. Certificates
Do. Account
French Rentes, 3 per Cent., Ex. 25f.
'Whin 5 per Cent. 1831, Ex. 25f.
Do Account
CLOSING PRICES.
CODE o's, Money 924
Do. Account, Feb. 4 .. 924

RAIL WA Y COLLISION A 7 IVALI .1.11-
GREEN -THIS DAY.

This morning, between twelve and one o'clock,
considerable sensation was created in the neigh-
bourhood of Walham-green, in consequence of a
fearful collision of railway carriages filled with
passengers. The station-master and other offi-
cials had the passengers extricated as soon as pos-
sible. Surgical aid was sent for, and promptly
attended, and the injured persons were conveyed
to their homes after their injuries had been seen to.
Mrs. Morgan, a lady from Sheffield, who was on a
visit to her friends at Clifton Villa, Camden-square,
was found to have had both legs broken, besides
other injuries. She was taken to St. George's
Hospital.

A MAN DECAPI7 A 7 ED ON THE METRO-

POLITAN RAILWAF.—(This Day.)

This morning the headless body of a young man
named George Whittington, a platelayer, aged
eighteen, was found on the metals at the Praed-
street junction of the Metropolitan Railway.
It appears that the unfortunate young man
was at seven o'clock this morning sent by his
ganger to screw up some of the rails. The
ganger finding he did not return to breakfast
became anxious, and went in search of him. On
arriving at the junction he saw the body of the
deceased lying across the metals of the down
lines, with the head entirely severed from the body.
At the crossing one of the boots of deceased was
found, giving rise to a suspicion that the deceased,
in endeavouring to escape train, had caught his
foot against one of the rails. The mutilated body
was conveyed to St. Mary's Hospital, where, in
addition to the decapitation, it was found that
both legs were broken. The body awaits the
inquest.

TILE HAMBURG-AMERICAL,T COMPANY AND THE
UNITED STATES MAILS.—A memorial, of which the fol-
lowing is a copy, has been signed by some of the London
merchants, and presented to the First Lord of the Trea-
sury :—London, 7th January, 1869. Sir,—We wish to
draw your attention to the extraordinary conduct of the
Post-office as regards the new arrangements for the mails
to the United States. The arrangements existing in
1868 for the despatch of the mails on Monday by
the Bremen boats, on Wednesday by the Inman
boats, and on Saturday by the Cunard boats, have
been continued for 1869, and very properly. On the
other hand they have not renewed the contract with
the Hamburg-American Company, whose boats left every
Friday, and which are among the very fastest afloat, and
they have concluded a new contract with the Cunard
Company for a mail by their slow cargo boats on Tues-
day. if these latter were capable of performing the voy-
age with anything like reasonable speed, there would be
nothing to be said on the subject, except that the sum
paid for the service was exorbitant, being, we under-
stand, some £30,000 a year (in addition to the sum
paid for the Cunard New York service); but when
we see this large sum given for the conveyance of
mails by slow cargo boats, wo can only say that it is a
scandalous waste of public money. And this becomes
still more evident, when it appears that the contract
with the Cunard Company, and the Inman Halifax lia
are the only ones where a fixed sum is the other
contracts f r the American mail service are paid for the
weight actually carried ; thus the mercantile public send
more letters by the fast boats than by the slow boats ; so
that every other line, being paid for according to the ex-
cellence of its work, has every inducement to mantain a
high rate of sped, which is entirely wanting iu the case
of the Cunard Company; indeed, in the case of their slow
cargo boats for the Tuesday's service, they cannot at-
tain a high rate of speed if they tried, and the mails
sent by the Inman boats on Wednesday will always
reach their destination before those sent by the
Cunard slow cargo boats on Tuesday. The steamers
of the Hamburg American Company are, as above
stated, amongst the very fastest afloat ; and leaving
Southampton for New York every Friday, they offered a
most desirable opportunity for the mercantile community
to avail themselves of ; but for reasons known only to the
Post-office officials they have no contract for the mails
this year, and have consequently gone to Havre instead
of Southampton as their port of call—thus those inte-
rested in the trade have the mortification of seeing these
fast and si leudid ships driven from a British port, solely
through the perversity of the Post-c ffice. It is right
to acid, that the mails of the United States from Now
York to this country aro carried by most of the same
st .ainers as those employed by the B..itish Past-
office, but the United States Post• office pays only
fifteen cents currency (about sixpence sterling) per oz.,
whilst the British Post-oft-tie pays one shilling per oz.
to the Bremen and Inman direct Now York line, and a
large fixed sum to the Cunard line and the Inman Halifax
lice. From this it is evident that the rates paid by the
British Post-office aro at least double those paid by the
United States Post-office for the same services. It would
be a great boon to those interested in the American trade
if the Hamburg-American Company could be induced to
resume the weekly voyages from Southampton, carrying
the Friday morning mails, and we presume that they
would be willing to do so on reasonable terms, especially
as this company actually has the mail contract for 1869
with the United States Government, bringing the Tuesday
mail from New York.—Wo are, your obedient servants.