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

ivitiNEy MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two oCLocic.
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 9:31 1 for money ; ditto, for Ac-
count, 931 ; Three per Cent. Reduced, 931 ;
New Three per Cents, 931 1 1 ; Bank of England
Stock, 4 per Cent., 244.
India Stock, 101 per Cent., April, 1874, 211 ;
ditto 5 per Cent., July, 1880, 1121 ; ditto 4 per
per Cent., Oct., 1883, 1024 ; ditto Enlaced
Paper, 4 per Cent., 921 ; ditto Debentures, 5 per
Cent., Aug., 1873, 1011 ; ditto Bonds, £l,OOO,
25 22 prem.
In the Foreign Market prices are quoted as
follows : —Brazilian of 1863, 811 to f ; Chilian
of 1867, 931 to 931 ; Egyptian of 1864,
87 to 89 ; ditto of 1868, at 731 to I ; Italian of
1861, 554 to I ; ditto the Tobacco Loan, 5 to f
Prem. ; Mexican, 151 to 16 ; Peruvian of 1865,
761 to 761 ; Russian of 1866, 91k to 92 ; ditto
Nicolai, 67 to I.
In the railway market the prises in London and
North Western, 1174 to 118 ; Great Western,
531 to 1 ; Midland, 118 to 1; London and
South Western, 89 to 91 ; Great Eastern, 421 to ;
Brighton, 524 to 1 ; South Eastern, 831 to 1 ;
Metropolitan, 1094 to 1 ; Great Northern, 1121 to
113 ; ditto A, 1111 to 112 ; Caledonian, 791 to f ;
and London, Chatham and Dover, 171 to
There is a reduction of 1 per cent. in Illinois Cen-
tral Railway shares, viz., to 924 to f ; Erie, 251 to
Atlantic and Great Western Debentures, 401
to ; ditto Consolidated Mortgage Bonds, 42f
to 431 ; and the 5-20 Bonds, 76k to f.
In miscellaneous shares National Discounts are
11/ to f ex div. ; General Credit, 11 to 1/ dis. ;
International, 11 to lf dis. ; Telegraph Construc-
tion, 18 to 1; Atlantic Telegroph Eight per Cent.
Preference, 4 1-16 to 3-16 ; and Anglo-American,
221 to 1.
In Bank Shares prices was as follows :—City, 11}
to 1, ex div. ; Imperial, 164 to 174, ex div. ; Lon-
don and County, 501 to f ; London Joint-Stock,
314 to 4f ex div. ; Union of London, 354 to 364 ;
Anglo-Austrian, 11 to 12 prem. ; and Imperial
Ottoman, 1i to 1i 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The sum of £B,OOO in bar gold was withdrawn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
£84,400, and the Biafra from the coast of Africa
£1,362, making a total of £66,254.
The proposed dividend of the Great Northern is
at the rate of 7k per cent. annum.
A special meeting of the North London Railway
Company is called for the 25th inst., to consider and
approve a bill proprosed to be introduced into Par-
Lament during the present session.
The directors of the London and County Bank
halo decided to recommend at the meeting on the
4th inst. a dividend of 6 per cent., together with a
bonus of 23. per cent. for the half year.
At the meeting of the Provincial Banking Cor-
poration (Limited), a dividend was declared for the
half year at the rate of 7i per cent. per annum free
of income tax.

The dividend of the British and Irish Magnetic
Telegraph Company for the last half year has been
declared at the rate of 12 per cent. per annum.
A 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
has been received :—" New York, Feb. I.—The
Pennsylvania Railway has secured control of the
only Chicago connection of the Atlantic and Great
Western, diverting the entire traffic to their road ;
the same interests are attacking the validity of the
Mahoning lease. The Mahoning stockholders have
rejected 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 iu
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
400,000,000 f. net, the proceeds of which are
destined mainly for effecting a return to specie pay-
ments. Negotiations are pending with various com-
Panies, but the Minister of Finance insists on an
amalgamation of all the competing establishments,
So that the new stock may be divided between the
different countries, and not press too heavily on a
single market.
A Credit Bank has been advertised for subscrip-
tion at Stuttgart, and in addition to the Credit
Bank started at Munich, under the patronage of
the Anglo-Austrian Bank, a similar one will be
brought out at the same place by the French-
Austrian Bank, itself yet in embryo. The greedi-
ness of the public to engage in these concerns after
recent experience is becoming a serious feature, and
the least symptom of political complications would,
it is believed, lead to enormous losses.
Lombardo shares, supported by a powerful com-
bination of bankers at Vienna and Paris, are in
Principal favour on the Frankfort Bourse, and there
nave been transactions to an enormous amount in
them. The price has now reached within a fraction
of
par, and reports are current that the operations
mill be continued until it shall be so much above
par that an offer of new shares can be made to the
holders, so as to provide the sums yet required
for new lines, a course that would be preferable to
lsaising them as hitherto by preference shares at;
high rates. French-Austrian shares are equally in
good demand, the receipts still showing a surplus
over those of last year, notwithstanding the reduc-
tion in the export traffic.
At a meeting of foreign bondholders, Mr. R. W.
Crawford, M.P., in the chair, the report of the
committee was adopted, and the following gentle-
flea were appointed members of the council, viz. :
C. Bell, M.P., Mr. G. Worms, Mr. P.
Cazenove, Mr. T. Moron, Mr. P. Rase, Mr. J.
Jerstenberg, Mr. Jameson, Mr. G. E. Bentinck,
1114).1 Colonel R. Beaumont, M.P., Admiral
Wallis, and Mr. Sheridan, M.P. This judicious
selection can scarcely fail to impart confidence in
the character of the new council.
The defendants in the Overend and Gurney pro-
secution are not obliged to plead to the indictment
found against them until next term, which com-
mences on the 12th of April next. After pleading,
they are bound to give notice of trial in the same
aj. as it would be given in a civil action. The
t is then entered for trial, and takes its
turn amongst the civil proceedings on the paper of
ite Court of Queen's Bench. It is impossible that
can reach trial until after the long vacation,
cases
ceases in November next, and as special jury
:_s.es are not taken until after term, the trial can-
not come on in the ordinary course before January,
eithue• The Court, however, on the application of
r P,arty) may appoint it, after the defendants
Ye Pleaded, for an earlier period.