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

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLocK.
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 4 for money; ditto, for Ac-
count, 921 4 ; Three per Cent. Reduced, 931 3 ;
New Three per Cents, 931 3 ; ditto April, 1885,
12/ ; Bank of England Stock, 4 per Cent., 244.
India Stock, 108 per Cent., April, 1874, 211 ;
ditto 5 per Cent., July, 1880, 1121 4 ; ditto Bonds
under £l,OOO, 22 prem.
In the Foreign Market Turkish Five per Cents.
have risen to 38 381 ex div., and New Spanish
Three per Cents. have improved to 301 30i ex div.
Italian Five per Cents. remain steady at 53/ 534 ;
Greek at 111 12 ; and Mexican at 15i 151.
Italian Scrip is 1 11 prem. ; and the last Russian
Railway Loan at 1 dis., par ; Egyptian- Seven per
Cent. is 711 718 ex div. ; and the Honduras Loan
has improved, to 86 87 ex coupon.
[ln the railway market Great Westerns are
better, Great Northern A 4 ; Metropolitan, 4;
Brighton, 4 ; North Western, 4 ; Lancashire and
Yorkshire are / lower. The quotations are :
Caledonian, 78 ; Great Western, 49 to
; Great Eastern, 414 to 2 ; Great Northern,
107 to 108 ; ditto A, 1081 to 109 ; Lancashire,
1294 ; Metropolitan, 1084 4 ; Midland, 1141
; Sheffield, 471 8 ; Brighton, 52 to 521 ; North
British, 334 4/ ; North Western, 1144 15/ ; North
Eastern, 1031 41 ; South Eastern, 80 4 ; Chatham
and Dover, 17/ 171.
Great India Peninsular Railway New Four per
Cent. Debenture Stock is 90 91 ex div.
American Five-Twenties are .1 better than
Yesterday, being now 758 75 the Bonds
of 1885 are -a higher, at 73 74 ; and
the Ten-Forty Bonds remain at 72. 71/.
Atlantic and Great Western Railway Debentures
are firm, at 41 411, and the Consolidated Mort-
gage Bonds at 456 461. Eries have risen 4, to 26;
27 ; and Illinois Central stock is unchanged, at 92,,a
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-
Minus Hotel, the report of the directors recom-
mending 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 declating
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 v 312,000 is for London.
The directors of the Ala.nchester, Sheffi,2ld, and
Lincolnshire Railway Company propose to pay a
dividend for the half year ending December last, at
the. rate of 21 per cut. per annum.
The directors of the New Zealand Trust and
Loan Company (Limited) have resolved to de-
clare 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 Committed of Super-
vision, in the room and stead of William Culver
Bennett, deceased.
The second ordinary general meeting of the No-
va 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.
at Liverpool.
Parr's Banking Company (Limited), having its
head office at Warrington, reports the net profits of
last year to have been £36,996, out of which a di-
-114, end 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 th 3
Great Western of Canada an increase of £4,153.
The Brighton Railway traffic return shows this
week an increase of £2,269 over the corresponding
week of last year, and the South Eastern an in-
crease of £2,259.
of The traffic return of the Great Western Railway
Canada for the week ending the 15th inst. shows
increase of £4,153 over the corresponding period
of 1868.
abThc project for a new Brighton line, although
us. juldcued for this year, will be revived next ses-
sion.

Ile failure is announced of Messrs. Morgan,
Melbourn, and Co., merchants, with liabilities esti-
matedo at about £500,000. The firm, which. has
4becuPied a very respectable position, was established
es °lit half a century ago in Batavia, but the branch
than
stahliBhment here has not been in existence more
I'4l three or four years. The creditors are chiefly
I,llthe East. The losses are stated to have been
4.1.1,,a,ciPa11y in produce.
C°. the disastrous history of Overend, Gurney, and
ohas advanced one step more. The impoverished.
shareholders have been informed by the official liqui-
iiilt°r that a further and immediate call of £5 per
o„ai's is necessary to meet the liabilities falling due
eh- the 15th of March. The further sum of £5 per
pranrbe now demanded does not close the vista of
be,:"able calls, a further call "of some amount"
b,e'ng foreshadowed as " possible " in August
°lilt: The shares in this notorious concern were
(0.14411 Y of £5O each, upon which £l5 was paid
oir L,l4g the brief duration—about nine months_
limited company. Since it passed into liqui-
kaat:3ll two calls of £lO have been levied, making
kos: Paid, and leaving £l5 still to be met, of which
totall,B now required. Thus £4O out of the original
ThA,°. f £5O may be regarded as already engulphed.
liquidators have under the advice of eminent
filed a bill against the directors of the corn-
th:Y, with a view of making them responsible for
Of t,!°l3ses Sustained by the shareholders arising out
vii;_e, Purchase of the " old firm," and the mode in
the arrangements for effecting that purchase
was Carried oat.

PRICES.
BRITISH FUNDS ~ UOVXRNMENT IrtINDS.:, —CLOSING
9 2.1 1„, i
a per Cent. Consols
Lilt
92 -..r-
-3 t° for Account,
93i 3 k
iler Cent. Reduced
93k 3
Newv' 3 per Cent
_
tr 23- per Cent. Jan. 1894
4 °. 0 per Cent. 1 an. 1873
_
nhuities, SO yrs, expire sth Jan., 1880. _
120. for 30 rg, al x ire sth April 188 a l2i
ty.e (ed Sea Telegp,raph), Aug,., 1908 —
_
ALitequer Bills, 41,000, 2 per Gt
Pm
110.
_
Do. .£5OO
_
.11441 . £lOO & £2OO , t
211 21 pm
r, ( of England Stock, 4 per Gen
_
r, "n• account ..-
___
aharla 4 per Cent. Ilonds
111tPColonial 0 niurti
Itiqial)lAN GovErn•uNmENT SEcu. nrrii:s
211
Do -toclc, 104 per Cent., April 1874
• Openin for Account
Do, 5 F,
112} i
Do_
Per Gent. July, 1880
bu• I 1,0.- Cent., Oct. 1888
Lio. Certificates
, .........
_
. Enfaced Pape.. 4
1187 Cent
_
0' 5 Per Cent., Jan. 2
.D°'
,A per o?..qt. May 1879
'') 0 per Cent., Rup. Deb. 1872 —
DDo.
_
(le. 1877
bo
_
- •
do. 188-,
lip,' 141%, 5 per Cent Aug. 1873 —. 7
P,
I,
,
22
r,,.ends, 4 per Cent., £l,OOO
".
'th(l" .c 1•00 ......... ... ...............
?'RILES.
A FOREIGN FUNDS—CLOSING PR
4•"`r,i'entine Repub'c E, pr
...Cent ............ 75i 6
uo 8
.. , _ ' ,
11 it-ii,,_c;!l2. 4 4o paid
... ............ 2i
~..t tionAls 5 per cent ................