The Sun.
London, England, 1869-02-19 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.

Consols are 93 21 for money ; ditto, for Ac-
count, 93 ; Three per Cent. Reduced, 931 1 ;
New Tkree per Cents, 93* 1 ; ditto 21 per Cent.,
Jan., 1894, 751.
India Stock, 101 per Cent., April, 1874, 211 ;
ditto 5 per Cent., July, 1880, 1121; ditto 4 per
Cent., Oct., 1858, 1021 a ; ditto Eufaced
Paper 44 per Cent., 931.
In the Foreign Market there is a rise of 1 in New
Spanish Three per Cents., 1 in Italian Five per
Cents , and 3-16 in Turkish Five per Cents.
Peruvians are quoted 78 781 ; Italian, 571 67* ;
Mexican Bonds, 15* 153. ; New Spanish, 411 41* ;
Turkish Five per Cents., 411 41 ; and Russian
(Azof) Railway Loan, 801 811.
The Honduras• Loan is steady, at 86 87 ex
coupon.
The following alterations in the Railway Market
may be noted :—Metroi olitan -a lower, Caledonian
it better ; Great Western, 1, Great Northern 1,
Midland 1, Sheffield 1, Brighton North British
:II South Eastern I—all1—all better. North Eastern
(Berwick) have relapsed 1. The quotations are :
Caledonian, 791 ; Great Wescern, 501 51; Great
Eastern, 39* 1 ; Great Northern, 113 114 ; ditto
A, 112 1 ; Lancashire, 1291 4 ; Metropolitan, 1081
; Midland, 1211 ; Sheffield, 531 41 ; Brighton,
5%1 ; North British, 36 37 ; North Western,
1181 119 ; North Eastern, 107 1 ; South Eastern,
811 82.1 ; Chatham and Dover, 161 171.
The directors of the North and South Western
Junction Railway recommend a dividend at the
rate of per cent. per annum.
The traffic receipts of the Caledonian and
North British Railway show an increase of £3,573,
ana the North Eastern of £3,055.
United States Bonds have given way 1, the 5-20's
being 78 781 ; the Bonds of 1885 are at 761 771 ;
and the 10-40 Bonds 72 721.
Atlantic and Great Western Railway Debentures
are at 361 371, and the Consolidated Mortgage
Bonds 381 381, showing a further improvement of
I and 1 respectively.
The bullion operations at the Bank comprised an
efflux of 110,000 sovereigns for shipment to Buenos
Ayres.

The Government of Bavaria are constructing
another large network of railways, for which the
Chambers have voted 90,000,000 florins, to be raised
by 4f per cent, loans.

Application has been made to the Committee of
the Stock Exchange for the settlement and official
quotation of the Shares of the British Indian Sub-
marine Telegraph Company, Limited.
The half-yearly dividend, due the Ist of March,
on the Charkow-Azov Guaranteed Five per Cent.
Loan is announced for payment.
A. petition for the winding up of the Interna-
tional Life Assurance Society, preferred by the
liquidators of the Hercules Insurance Company
(Limited), as creditors, is to be heard before Vice-
Chancellor Malins on the 26th of this month.
A. letter has been addre.ised by the secretary of
the company to the committee of the Stock Ex-
change, stating that the directors will take the de-
cision of the Vice-Chancellor into immediate con-
sideration ; and that, after deducting £42,600 from
the net revenue, the balance remaining will permit
the declaration of the following dividends : 5 per
cent. on Preference Stock and New Redeemable
Shares, 41 per cent, on Ordinary Stock, 6 per cent.
On Preferred Stock. These, it is added, may be re-
garded as interim payments, pending the appeal
Which the directors will probably make to a higher
Court or to Parliament.
The report of the English and Australian Cop
per Company
(Limited) shows a profit for the
Year of £4,114, and recommends a dividend of 9d.
per share. The reserve fund now amounts to
X 12,259.

The suspension has been announced of Messrs.
Robert Watson and Co., cotton spinners, of Ac-
rington and Warrington, With liabilities of about
£60,000.

The Court of Chancery having sanctioned the
reduction of the capital of the Fairbairn Engineer-
ing Company from £250,000 to £150,000, the
shares of this company are now shares of £0 each,
with £5 paid.
The annexed, on Turkish finance, is from the
Levant Herald of the 10th inst.:—" The financial
event of the week has been another loan to the
Treasury, this time of £500,000. The operation
has been negotiated by Messrs. Camara, Clado, and
i
Co., in concert with Messrs. Singros, Coronio, and
Scoloudhi and some other local houses. On the face
of it the conditions seem favourable for the Govern-
ment, the loan being on account current for three
months at 11 per cent. interest per annum, without
present commission or other extras. As there is no
likelihood, however, that the sum can be repaid at
the end of the short term fixed, it will doubtless be
competent to the lenders to modify these terms fa-
vourably for themselves on renewal.
The Frankfort advices states that transactions on
the Bourse in that city are now almost limited to
credit bank shares, which have risen again 24 florins
within the last week, and are quoted 145. A divi-
dend of 15 florins is expected. Austrian railway
shares are now neglected; Lombard are dull; and
have receded eight florins to 22,142 and Franco-
Austrians scarcely maintain their price, notwith-
standing satisfactory weekly receipts. The Italian
Tobacco Loan is in good request ; " there is no
longer a doubt,"
Loan it is said, that the new Italian
is all but taken by the Rothschilds and
the Credit Foncier, supported by another combina-
tion
of hankers."
The return from the Bank of England for the
week ended the 17th] February gives the following
results when compared with the previous week
..
£3 387,386 Increase £19,644
pate ...... 0000000000 • '"
Otherdeposits ...... 4,661,015 ... Decrease ~. 67,730
posits..... 17,947,895 Increase 455,938
GOonvetrlinraeoetahtergescidurei_of the account :
ti9s ............. ...... £14,076,537 ... Increase ... £50,000
Other securities ......
Notes 16,633,293 ... Increase 121,536.
lulernployed... 9,184,065 ... Increase ... 245,435
,44. e amount of notes in circulation is £23,153,915,
iuerligon in adecrease of £178,770 ; and the stock of
both departments is £18,470,930, showing
a increasereotufrni.62,39o when compared with the
preceding
of Subjoined
is
a comparison of the present position
_ the Bank of England and the prices of Consols
and
French Rentes with the corresponding week of
laid year

Bullio

At Present.

Same Week
last Year.

.on ............... ... £18,470,930 ... £21,192,149
Reserve . •
Notes in eirel...ion. ..
23.153'91" ".
10,317 015
Rat • Li at —• , , ° ... ,
L, Rate of discount . 3cent. 2 per cent.
_ c„_3o, ..... per ...
93
23,373,160
'4 IS ................. 93

111/tITD3II FITIIIS—TWO O'CLOCK.
, (iOVERNMENT FUNDS.
93 21
° Der Cent. Consols
93
Ditto for Account,
931
8 per Cent. Reduced
931 i i
IfeW 3 per Cent
75±
mevir 21 per Cont. Jan. 1894
130. 5 per Cen Jan. 1873
Annuities 80 yrs, expire sth Jan., 1880 —
Do. ford 0 yrs, expire sth April 1885 —
E
Do (Sea Telet„rapla), Aug., 1908 —
pm
xchequ'ar Bills, £l,OOO, 21 per Ct.
Do.
Do, £5OO
£lOO & ..£2OO —
pin
Bank of England Stock, 4 per Cent
Do. account
Canada 4 per Cent. Bonds
Inter-Colonial Uranium.
„. INDIAN dOVERNHENT SECURITIES. _
Artoilioa..9,tpoecnkf,ulgo,/f,p3rerACecoonutn.,tApril 1674... 211
_
112}
Do. o per, Cent—July, 1880
10'4 i
o. 4 poc Cent., Oct. 1888 .
Do. Certificates
Do. 5 per
De. Bufaced Papt, 4 per Cent 931-,
Cert., Jan. 1872 _
Da 5 per
Do. 5i per Cent. May 1879 —
Do Cent., Rup. Deb. 1872
.....
Do.
do. 1877
do.
D...D. Deb., 5 per Cont. Aug 1882
. 1873
pm
Bonds, 4 por Cout., 41,1 UU
Do. under .£l,OOO ........... .
FOREIGN I: LINDS —Two O'CLOCK.
Atgoutine Republic, 6 per Cent ....
00., Scrip 4.45 paid ... .. 811 1
Au nrian bonds 5 per cent
Do. 1859 ...............
.......
praailian 5 per Cent .......... 41 per Cent. 1852
1.3 58. ..
3. u. do.
..
Do. do. 3O ........ ~,
•