The Sun.
London, England, 1869-02-23 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLooK.

Business was firm to-day in Government Securi-
ties, but some considerable excitement took place
in the Railway Market in consequence of a sudden
fall in Metropolitan Railway shares. The cause of
the depression is that a rumour is current that
another injunction is about to be applied for to
restrain the payment of the dividend.
Consols are 922 i for money ; ditto, for Ac-
count, 93k ;
Three per; Cent. Reduced, 931 ;
New Tkree per Cents, 931 I ; ditto Annuities,
April, 1835, 12j; Exchequer Bills, £l,OOO, 23. per
Cent., 3 dis. ; Bank of England Stock, 4 per Cent.,
244.

India Stock, 101 per Cent., April, 1874, 111 13 ;
ditto 5 per Cent., July, 1880, 1121 ; ditto 4 per
Cent., Oat., 1888, 102+ 4 ; ditto Eufaced Paper, 5
per Cent., 1001 ; ditto 51 per Cent., 110+ ; ditto
Bonds £l,OOO, 15 18 pron.
In the Foreign Market price 3 of Turkish of 1865
have improved 7-16ths, and Spanish New Three
per Centr. I, the Italian of 1861, 1-16, Egyp-
tian of 1868, 4, Peruvian of 1865, 1. Nicolai
Bonds are quoted 66+ to 67 ; Orel Vitepsk
Bonds, 821 to 89+ ; Moscow Jaroslaw Loan,
80+ to 80+ ; Portuguese, 36+ to 36+ ; Honduras
Railway Bonds, 85 to 87 ex coupon ; Chilian Six
per Cents, of 1867, 944 to 95 ; Egyptian Seven per
Cents, of 1864, 87 to 88 ; ditto the Seven per
Cents, of 1868, 751 to 75+ ; Greek Bonds, 11+ to
12+ ; Italian Five per Cents., 57 5.16 to 57 7-16 ;
Mexican, 15/ to 15+.
In the Railway Market Metropolitan shares
opened at 1061 to to 107, but they fell again on
large provincial sales to 105 sellers, but are now 4
better, yet 14 lower for the day. Brighton
are 514 to 51+ ; Caledonian, 771 to 771 ;
Great Eastern, 38+ to 38+ ; Great Western,
514 to 53/ ; Great Northern, "A," 1121
to 1121 ; Lancashire and Yorkshire,
.129 to 129};
London and North Western, 1184 to 1194 ; Lon-
don, Chatham, and Dover, 17 to 171 ; Metropo-
litan, 105 to 1054 ;". Midland 1224 to 1221 ; North
British, 354 to 35+ ; Sheffield, 544 to 55 ; and
South Eastern, 824 to 821.
American Five-Twenty Bonds remain at 78/ to
78; ; ditto 1865 issue, at 77+ to 774 ; the Ten-
Forty Bonds at 72+ to 72+ ; Illinois Central Rail-
way Shares, at 964 to 97 ; Atlantic and Great
Western Debentures, 35 to 36 ; ditto Consoli-
dated Mortgage Bonds receded 1, 35+ to 36+.
Bank shares quote as under :—Chartered Mer-
cantile, 30 to 31; Consolidated, 4 to / prem. ;
London and County 51 to 52 ; London and West-
minster, 65 to 66 ; Oriental, 434 to 441 ; Union
of London, 364 to 371 ; National 42 to 43.
Miscellaneous Shares are almost neglected :
Anglo-American Telegraph, 22/ to 221 ; Atlantic
Eight per Cent. Preferential, 41 to 41 ; Hudson's
Bay, 134 to 131.
At the ordinary half-yearly meeting of the
Metropolitan and St. John's-wood Railway Com-
PartY held to-day, the report and accounts were
adopted, and the proposed dividend agreed to.
At the ordinary half-yearly meeting of the Lon-
don LA •
North-Western Railway held this morn-
ings at the Euston-station, a dividend at the same
rate as that of the previous year, namely, 6+ per
cent. per annum, was agreed to.
There were no operations at the Bank bullion-
office yesterday.
The ship Jason sailed from Sydney for this coun-
try on the 11th Dec. last with 8,104 oz. of gold,
value in sterling £32,416.
.The arrivals of specie from abroad included
a,2,552 by the steamer Syria from Alexandria, and
42,400 by the Donau from New York, the last-
named vessel bringing also £14,600 for France.
The gold shipments from British Columbia dur-
ing the past year amounted to £200,000, being a
decrease of about 8 per cent. from thoae of 1867.
The falling off is attributed to the excessive drought
Which prevailed in the northern mining districts
cutting off the usual water supplies.
The Manchester papers announce that Messrs.
w
• S. Sawyer and Co., commission agents, have
suspended payment, with liabilities of about £20,000;
the assets are not considered altogether favourable.
The mail from South Australia brings dates to the
sth of January. The harvest had nearly been com-
pleted. The average yield was 12 bushels to the
acre, which, giving a total of 6,000,000 bushels,
prices had further declined, and wheat was now
4s• per bushel and flour £l2 per ton. he at-
tachment of the Government funds at the suit of
the Northern Territory Company had excited
much public notice. The Land Bill has been car-
ried through the Assembly—its cardinal principles
of credit, auction sales, free selection, and agricul-
tural areas having beeu affirmed. Bills are still in-
troduced for further loans—one for a railway from
Adelaide to Glenelg, and another for general road
purposes.

The agreement entered into between the East of
France and Great Luxembourg Railway Boards,
Which has just been the cause of excitement and
discussion both in France and Belgium, is under-
Stood to have originated simply in the desire of the
two companies to avoid competition. Whatever
may be the result of the controversy, it is hoped
that the Great Luxembourg line, having been con-
structed in a great degree by means of English
Capital, the interests of the proprietors will not be
Bacrificed to political considerations. According to
the view of the parties interested, the only course
Worthy of
the Belgian Government, if they cannot
consent to the agreement, would be to take the
railway into their own hands on terms equally ad-
vantageous to its proprietors. Any other result
Would.
give rise, on their part, to* serious com-
plaint
The following railway traffics show an increase :
R_1413443n, Brighton, and South Coast of £869 ;
South-Eastern of £9OB ; and Great Western of
Canada 157.
111° report of the Estate Company (Limited), to
Presented on the 27th inst., shows an available
total of £1,358, which the directors do not deem
F3„14
ti;cient for the declaration of a dividend. Since
2 last yearly meeting there has been a net fin-
t:e°veruent in the rentals of £1,485 per annum, and
u,r_e. are prospects of steady progress.
I:vith reference to the Dunaburg and Witepek
Rail Company, " Limited and Reduced," it is
I.)lution reducing
:01,"aed that the petition for confirming a re-
the company's capital from
f'6°olooo to £2,076,160, is to be heard before
lee hancellor Stuart on the sth of March.
he report of the British Land Company
(Limited 44) recommends a dividend of 5 per cent.,
a bonus of 10 per cent.
4-1 general meeting of the Italian Tobacco Mono-
YIY Company is convened for the 15th of March at
orenee.
The fifth ordinary meeting of the Telegraph
,Con-
struction and Maintenance Company (Limited) will
Delh,eld on the 2d March.
i3a11,11..e annual meeting of the proprietors of the
1), of Australasia will be held on the 22d of

ittt4•l.t the meeting of the proprietors of the Anglo.
a
" Bank (Limited) the directors' report was
greed to.
1) At the meeting of the Dagenham (Thames)
°elf' Company the directors' report was adopted.

I I),peb_
irtrt.:o2oß,lo:RlNA,C;;Ec:oxs!, 1
Consols
isiFic. I .IN).15:). S—CLO S I N G PRICES.
93:i
93i
931 i
)1/4,Y" Uont. Reduced
931 I
Kr 3 por Cent
_
New per Cent. Jan. 1894.,
_
A • per Cen Jan.lB , 3 .. .
~ _
dkinuities SO yrs, expire sth Jan.! ibbt • 21
Po. for 130 yrs, expire sth April
Eyo (Red Sea Teleiruph), Aug., lt,oB
3-
4-e4qa:.•.r Bills, £1,000,2i per Ct.
Do,
Do,
.£5OO
£lO
&
a,,„1,
,of England Stoo ck, 4£200 por Cent
u
~. be. account
ftnada 4 per Cent. Bonds —
later-Colonial Otnnuun
.
M
jsq.law-N I2OVERNENT bECURITIES.
- la t(:)Cir, 101 per Cent April 11574 2ll 13
Do ~
D. Opening, for Account - -
DO. 6 Por Cent.
Oct
121
,o• 4 pet- Cent, Oct. 1888
uo. Certificate