The Sun.
London, England, 1869-03-25 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
No alteration has been mAde in the official rate
of discount.
Consols are 931 3 for money ; ditto, for Ac-
count, 938 ; Three per Cent. Reduced, 914 ;
New Three per Cents, 914 ; ditto 24 per Cent.,
Jan. 1894, 74} ;
.Exchequer Bills £l,OOO, ; ditto
£lOO, £2OO, and £5OO, par ; Bank of England Stock,
4 per Cent., ; ditto Opening, 4081 8.
India Stock, 108 per Cent., April, 1874, ;
ditto 5 per Cent., July, 1880, 112 i ; ditto 4 per
Cent., Oct., 1888, —; ditto Bonds under £l,OOO,
11. _ _ _

Foreign Stocks are quoted :—ltalian, 551 ;
Mexican, 141 a ; Greek, 113 12 ; New Spanish, 311
3 ; Turkish Five per Cents., 411 3.
The Danubian Commission Guaranteed Loan
is 3, 1 prem.
The Honduras Loan is steady, at 85, 87 ex

coupon.
The mortgage debentures of the Trouville Asso-
ciation are quoted 1, 4 prem.
In the Railway Market Great Western are
lower, Metropolitan 4, Midland 1, Sheffield 1,
and North British 4. Great Eastern have im-
proved 4, Brighton 4, and North Western 4.
The quotations are :—Great Western, 491 50 ;
Great Eastern, 364 37 ; Great Northern 307 108 ;
ditto A, 1064 7 ; Lancashire, 1224 3 ; Metro-
politan, 101/ to 1025 ; Midland, 1161 to 116 4 ;
Sheffield, 544 to 511 ; London and Brighton, 484
to 49 ; North British, 354 to 354 ; London and
North-Western, 1141 to 1151; North Easter, 102
to 103 ; South Eastern, 754 to 76 ; and London,
Chatham, and Dover, 164 to 165.
United States Bonds have improved 4, the 5-20's
being quoted 831 I ; the 1885 Bonds 82i, and the
Ten-Forty Bonds 734 734. Erie have given way
4, to 244 to 24/, and Illinois Centrals are un-
changed at 961 971.
The Atlantic Telegraph Original stock is 25 to
27 ; the Eight per Cent. Preference shares, 3 9-16,
3 11-16 ; and Anglo-American Telegraph shares,
225 to 221.
The receipts of the Illinois Central Railroad
Company for the month of February are as
follow : —Land Department : Total sales during
the month of February, 1869, 9,991.07 acres,
for $105,407.19 ; cash collected in February,
$217,868.43. Traffic department : Total receipts
in month of February, 1869, $196,845.63 ; total re-
ceipts in month of February, 1868, $488,088.79.
Estimated earnings in the month of February,
on th D. and S.C.R.R., not included above,
$61,937.75 ; corresponding month of 1868,
$43,131.37.
At the Bank bullion-office no transactions were
reported yesterday. Since the date of the last
eturn £105,000 has been withdrawn for exportation.
The Ripon, from Alexandria, has brought £2,500
in specie.
Advices from Sydney state that the two follow-
ing vessels have sailed for England with gold, viz.
—the Ascalon, having £29,024, and the La Hogue,
£28,240.
The Committee of the Stock Exchange have
appointed Wednesday, the 31st inst., for a settle-
ment in the scrip of the United Canal and Railroad
Companies of New Jersey. The scrip is to be
marked in the official list.

According to Constantinople advices the recent
loan on Turkish Treasury Bonds, introduced by
the Societe Generale, has been as much a failure
in that city as it is believed to have been in London.
The accounts of the Bank of British North Ame-
rica for the year 1868 show a profit of £70,304,
which will allow of the payment of a dividend at
the customary period at the rate of 6 per cent. per
annum, and a bonus of 1 per cent.
The .211anchester Guardian announces the stoppage
of Mr. J. Andrew, cotton spinner, with moderate
liabilities. _ _

At a meeting of the creditors of Mr. John Hamer,
manufacturer, of Farnworth and Manchester, the
liabilities were stated to amount to £26,861, and
the assets to fr:19,504. An offer was made to pay
10s. in the pound, but a committee of investigation
was appointed.

At a meeting of the Dundee creditors of Messrs.
Heatley, Cowan, and Co., merchants, of Loudon,
the unsecured liabilities were stated at upwards of
£50,000, while the available assets reach only about
£2,000. One of the creditors was appointed to
investigate the estate.
With reference to a bill filed by the official liqui-
dator of the Land Credit Company of Ireland
against Lord Fermoy and others of the directors,
the Master of the Rolls has decided that certain of
the directors who improperly paid away funds of
the company for its own shares speculatively
bought in the market are jointly and severally
liable to repay the amounts so disbursed. In ad-
dition, he condemned them in the costs of the suit.
The report of the British American Land Com-
pany, to be presented on the 31st inst., recommends
a dividend of £1 per share, which will absorb
£6,000, and leave £412 to be carried forward.
The report of the Hongkong and Shanghai Bank-
ing Corporation, presented at Hongkong on the
15th ult., recommended a dividend of 6 per cent.
for the half-year, leaving $63,252 to be carried
forward after an appropriation of $200,000 to the
reserve fund.

At the meeting of the Law Union Fire and Life
Insurance Company the report stated that in the
fire department 4,221 new policies had been issued
during the year, yielding in premiums £6,193, and
in the life department 221 new policies, insuring
£165,225, yielding in premiums £6,134. A divi-
dend and bonus, together of 10 per cent., upon the
paid-up capital were declared.

The report of the directors of the Crystal Palace
District Gas Compiny, to be presented at the
half-yearly meeting to-day, recommends a dividend
at the rate of 7 per cent. per annum on the ordi-
nary 7 per cent. capital ; and at the rate of 10 per
cent. per annum on the original capital, free from
income tax.

The first annual meeting of the Bolivar Railway
Company (Limited) is called for the 3d of April.
At the meeting of the Hudson's Bay Company,
the chairman, Sir Stafford Northcote, moved a re-
solution to the effect that the proposal made by
Lord Granville be accepted. During the discussion
which ensued and lasted for three hours, Mr. Bonar
moved an amendment that the proposal be referred
to a committee, but it was ultimately resolved to
adjourn the meeting for a fortnight. In reply to
Mr. Newmarch, the chairman stated that if the
proposal be accepted the £300,000 will be raised
under an Imperial guarantee.

BRITISII FUNDS-CLOSING PRICES.
GOVERNMENT FUNDS.

3 per Cent. Consols
Ditto for Account,
3 per Cent. Reduced 9ll i
New 3 per Cent
New 2} per Cent. Jan. 1894
De. 5 per Cen Jan. 1873
Annuities, SO yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 —
Do (Red Sea Telebraph), Aug., 1908 —
Exchoquar Bills, £l,OOO, 2i per Ct.
De £500
Do. £lOO & £2OO —
Bank of England Stock, 4 per Cent 2381 8
Da.7opening —
Canada 4 per Cent. Bonds —
Inter-Colonial Otaniuin
INDIAN GOVERNMENT SECURITIES
India Stock, 10i per Cent., April 1874...
Do. Opening, for Account -
Do. 5 per Cent. July, 1880
Do. 4 per Cent., Oct. 1888
Do. Certificates —
Do. Enfaced Pape. 4 per Cent..., —
Do. 5 per Cert., Jan. 1872 ....... —
Do. 5i-per Ovat. May 1874 —
D.) 5 per Cont., Rup. Deb. 1872 —
Do • do 1877 —
Do. do. 188') —
D... Dob., 5 per Cont., Aug. 1873 ~ —
Do. Bonds, 4 por Cent., £l,OOO
Do. under .£l,OOO
FOREIGN FUNDS—CLOSING :PRICES.
Argentine Republic, f per Cent ...
Do., Scrip .1:45 paid ..
Aultrian Bonds 5 per cent .
Do. 1859
Bra2,ilian 5 per Cent GSI
Do. 4i. per Cent. 1852
Do. do. 1858....
Do. do. 18G)
Do. do., 1663

—, - --
Do. 5 per Cent., 1865
Do Account BOl 791
B,:enos Ayres 6 per Cent.
Do 2 per Cent. (Deferred 3 per Cent )
Cuba, 6 per Cent.
0..11:an 6 per Cent
Do. 4fr per Cent —
Do. 3 per Cent., .
1 •o. 6 per cfrit. 1867 —
Po. 7 per Cent., 1866
C.)lo übian, 6 per Cent.
Danish, 3 per Cent., 1825........
Dan ,lian Principalities, 7 per Cent —'
Do 8 per Cent., 1867 B7l
,'quador New Consolidated, I pc r Cent •
B ;yr Jan, 7 per Cent.... •••
De Second Issue
Do. .£50(.. Bonds
Do. £lOO Bonds . ••••
Do. 1864
Do. Account
Do. £5tU) Bonds
Do. 1.106 Bonds 9O
English Scrip, 1868 761
Do do. £l5 pd —
Government R'tilway Del),ntur,-e
Greetss per Cent., 1824 5, ea Coups lll
Do. Account --
Do. Coupons -
Do. Account
quateinala 5 per Cent .„ 62
Honduras Gov. Rail. Loan., 10p. Ct., all i:d --
ltllian 5 per Cent., 1865 —
Do. Account..,
Do 141grerarnana Railway 561
Ilexicar. 3 per Cent
Ditto for Account
Do. 1864 —
Do 6 per Cent. Anglo-French —
ontevideau 6 per Cent. .. —
11corish imperial 5 per Cent
er,i Grenada l6l
Do 3 per Con —
Do. Deferred
?eruvian 5 per Cent. 18(35
Do Account ..
Do 41 per Cent. (I.ll:',arren)
Do 41 per Cent.. 1862 -
Do Account
Portuguese 3 per Ct., 1853, '6, 7, '9,'(i0,'2.%, 361
Do. do. 1867 —
Do, do. Scrip, £2O paid —

Russian 5 per Cent., 18zi, £ St
Do 44 per Cent , 1850
Do 44 per Cent., 1860
Do 3 per Cent., 1859
Do 5 per Cent., 1862 •••
Do. Anglo-Dutch, 1864, £loo,llouth
Do. do. £B4 15s. d 0....
Do., 1866, £lOO Bonds
Do. do £Bl 15s. do —
Do Nicolas Railway
Sardinian 5 po.r. Cent
Spanish 3 per Ceti .
Do. Ace,,uut ..•
Do. 1867
Do. Account
Do. New Deferrea
Do. Account
Do. Passive
Do. Com. Cert. of Coup. not funded
Do. Account
Swedish Provincial Mortgage Loan
Do Government, 1864
Do do, 1868
Do de, Scrip
Turkish 6 per Cent.l
Do Account
Do 6 par Cent. 1858
Do Account •••• ••
Do £lOO Bonds
Do 6 per Cent., 1862
Do Account
Do .£IOC Bonds
Do 5 per Cent. 1865
Do Account
Do 6 per Cent., 1860
Do I Dor Cent., Guaranteed
Laa,i \Va [-rants (lieetares)
Venezuela 3 per Cent.
Do. Ac,. ouT.
_

311 4

Do 6 per Cent., 1862
Do 6 per Cent. 1864
Dividends on the anore payable in London
Austrisa a par Cent. Ex 10 Florins
Belgian, 44 per cent., Ex. 251.
Dutch 2i per o,,ut. Ex. 12 Gni, —
Do. 4 per Cent. Certificates ..... —
Do. Account —
French Routes, 3 per Gent., Ex. 23f.
Italia!,s per Cent. 1831, E. zof.l —
Do Account 551 4
CLOSING PRICES.

Jonsols, Money l)3
Do. Account, April 8

MARICE 7 S—7 Ills D .1Y Y.

LIVERPOOL COTTON MARKET.
March
.25.—Sales probably fully 18,000 bales. The
market firm and advancing.
. _

bIETROPOLITAN CATTLE.

There was a largo show of lambs for the opening of the
season, and the weather being cold tho demand was not
good. Rates consequently ruled relatively lower in coin-
parkn with other descriptions of meat. The mutton trade
was also dull, but prices remained about the same as on
Monday.

The number of sheep and lambs on sale was 10,300.
There were 610 beasts on offer, of which one half was
from abroad. Trade ruled dull, and lower prices had to
be taken to effect sales. The veal trade was depressed,
and quotations were accordingly reduced. 281 calves were
offered.

Foreign Mail Packet List.

MAILS DUE.

Australia. and New Zualand, via Eouthamptes.....Mar. 27.
Ditto, via '',trssilles . ..... April 10
:±razil, Buenos Ayres, and Monte Video April 6.
Ditto, by Nrenoh packet
Cape Verds, by Brazil packet .......April 5
~.'ape of Good El,pe. Ascension. and St. Helena... Mar. 30.
China, Penang, and Singapore, via Southampton ..Mar. 27.
)Ibraltar, via SouthamptOd .......... . ...... 27
Indin. via boutniumnou
unto, via MarseiLes ...................... MAI*. 29.
Mar. 6.
Malts., Egypt, &o.
Ditto, Marseilles.. Mar. 20 •
‘ewfoundla no ...... ..... .......... Aprll 7
Mauritius, Cape of Good Hope, and Natal, via
Bentham' ton ...............................
Ditto, Marseilles April 7
...... April 6.
Portugal
United States, lanada. California, &c,, by British
packet ...... Mar 27
Ditto, by Canadian packet ..... • • ...... ' • •
Ditto, by sifted States packet ............... Mar 24
Ditto dittc (Baltimore) .................
West Coast of Africa, Madeira, and Tenerilre ...... &pill 2
West Indies and Paoific (except Mexico and Baha-
mas) .......................................... Mar 31
—Mar. 31.
Cuba and Mexico
......... .•... • •
Bermuda, via Halifax ........... . Mar 24

Blituatae, via New York ..............••••.•.•••.•

MISSING SHIPS.—The Sophie, which sailed from
Lagos, West Coast of Africa, on the 25th of June, for
Liverpool, called at the island of St.
Thomas, Africa, and
was to leave that island on the 13th of August last, and
the Tabasco (schooner), which sailed from Laguna on the
sth or 6th of November, for Liverpool, have not since been
heard of.
HUNTING ACCIDENT.—An accident befelplr.
Pocock, a county magistrate for Berks, while following
her Majesty's staghounds. In taking a leap the horse
fell, and Mr. Pocock tumbled over the horse's head and
broke his collar-bone in the fall. Mr. Pocock was con-
veyed home by train. 31r. Goolden was quickly in at-
tendance, and his patient is understood to be going on
favourably.
GOLD CONTRACTS.—The United States Supreme
Court, through Chief Justice Chase, has recently delivered
an opinion on the subject of the binding effect of a cove-
' nant for the payment of rent in a lease of land for 99 years,
made in 1791, and a renewable for ever. The rent re-,,
served was .£l5 current money of Maryland, payable in
English golden guineas, weighing five pennyweights and
six grains, at 355. each. The Court held that the prin-
ciples of Bronson v. Bodes, recently decided, would
govern the case, and that, consequently, a contract to
pay a certain sum in gold and silver is iu substance
and legal effect a contract to deliver a certain weight of
gold and silver of a certain fineness, to be ascertained
by count. In reference to the mode of assessing damages
the Court held that contracts for the payment of coin can
be satisfied either before or after judgment only by the
tender of coin, and hence, that the judgment of the Court
below should be for the amount ascertained to be duo,
payable in gold and silver. In the case before the Court
the jury had assessed the damages at the value of the rent
in arrears, estimated in legal tender notes at the time the
verdict was rendered. This course was held to be erro-
neous. The debtor in cases similar to the one above men-
tioned must now pay the amount of the judgment in gold
and silver, and should his property be seized in execution
the Sheriff must give notice that the purchaser will be
required to pay in specie.—Public Ledger.
The Republicans of Rhode Inland, at a State Con-
vention at Providence, nominated for Governor the don.
Seth Podelford of Providence, Governor Burnside having
declined another election. The other State officers were
nominated for re-election as follows :—Lieutenant-Go-
vernor—Pardon W. Stewart, of Newport. Secretary of
State—John R. Barlett, of Providence. Attorney-General
—William &vies, of Providence. Treasurer—Samuel A.
Parker, of Newport.
Mr. Cyrus W. Field has returned from France
to London, and is at the Palace Hotel.
► Lieutenant Burney, 831 Regiment, and 30 men
are held in readiness, at Colchester, for embar-
kation for Gibraltar ; and Lieutenant Dodd, 48th
Regiment, and 10 men are similarly held in readi-
ness for embarkation for Malta. Lieutenant Smith,
2-20th Regiment, is under orders to remain at the
depot at Colchester pending promotion to the rank
of Captain. Lieutenant B.re,h, 2-20th Regiment,
and 30 men, Lieutenant Tawke, 32d, Ensign
Inglefield, 2 sergeants, 3 drummers, and 140 men
aro held in readiness to embark for the service com-
panies of their respective corps at the Cape of Good
Hope.