The Sun.
London, England, 1869-01-28 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocs.

Business is firm to-day, and the usual meeting
of the directors in the Bank parlour has not led to
Any alteration in the rate of discount.

Consols are 931 e a for money ; ditto, for Ac-
count, —; Three per Cent. Reduced, 931 ;
New Three per Cents, 938 8 ; ditto 23. per Cent.,
Jan., 1894, 751; Exchequer Bills £l,OOO, 21 per
Cent., 14 prem. ; ditto £lOO, £2OO, and £5OO, 10
Prem. ; Bank of England Stock, 4 per Cent.
212 e 4.
India Stock, 10e per Cent., April, 1874, 2113 ;
ditto 5 per Cent., July, 1880, 1124 x ; ditto 4 per
Cent., Oct , 1888, 1028; ditto Bonds 4 per Cent.
£l,OOO, 24 preen. : ditto under £l,OOO, 24 pr,:m.
in the Foreign Market, Italian Five per Cents..
Mexican Bonds, and Turkish Five per Cents. rose
; and New Spanish Three per Cents. 1-16;
Italian is 541 .2-; Mexican, 1511 16 ; Greek, 111
12: New Spanish, 31 311 ; and Turkish, 38e 38i.

Egyptian 7 per Cent. Loan of 1868 has gone up
to 72i 73 ex div., and the Honduras Loan is 86
88 ex coupon.

The Italian Tobacco Loan is now 22 3 prem. ;
and the last Russian Railway Lcan is dis., par.
Great Indian Peninsula Railway New Four per
Cent. Debenture Stock is 90 91 ex div.
American Five-Twenties show a fractional de-
cline, at 75-a 751 ; the Bonds of 1885 are lower,
at 73;.3 74 ; and the Ten-Forty Bonds remain at
72/ 724.

Atlantic and Great Western Railway Deben-
tures are firm at 414 421, and Eries have improved
to 26 26k.

In the railway market Great Westerns have im-
proved 4 ; Great Northern, ; Metropolitan, 1 ;
North British, 1 ; and ,South Eastern, 1 ;
Metropolitan Extension, lower. The prices are as
follows :—Caledonian, 79 i ; Great Western,
52:1 ; Great Eastern, 421 a ; Great Northern,
108 9 ; ditto A, 109.1 101; Lancashire, 1301
; Metropolitan, 109/ s ; ditto Extension, 1043 5 ;
Midland, 116 i 1 ; Sheffield, 48 1 ; Brighton, 521 4;
North British, 351 4 ; North Western, 1171 1 ;
North Eastern (Berwick), 103 k 41 ; South Eastern,
8241 31 ; Chatham and Dover, 171 4.
In banking and miscellaneous share prices are as
last quoted.

The sum of 35,000 sovereigns was withdrawn
yesterday for Brazil, and £45,000 in bar gold for
the Continent—the latter to pay for recent pur-
chases of silver. The operations of the week since
the date of the last return have resulted on balance
in a withdrawal of £57,000.

The Ballarat left Auckland on the 6th of Novem-
ber for London, with £BO,OOO in gold.

Additional shipments of gold from New York
for Europe are announced to the extent of
£llO,OOO.
The Post-office authorities notify that no mails
will be made up on the Ist of February for Sydney
and New Zealand, via Panama, in consequence of
the Panama, New Zealand, and Australian Royal
Mail Company not being able to furnish a steamer.
It is understood that the service of the company
has ceased, owing to various difficulties, chiefly in
the colonies.

It appears that several of the Greek firms are
again taking up ships for the consignment of goods
to Constantinople, a circumstance tending to con-
firm the impression that all danger from the Eastern
Complication is at au end.

The second instalment of £lO per cent. upon the
New South Wales Government loan for £1,000,000
(negotiated last October by Messrs. Rothschild and
the Bank of New South Wales) becomes payable on
Monday next.

It is stated in the Levant Times that the Porte
has recently abolished a number of taxes which
pressed heavily upon the population in the pro-
vinces, without bringing any profit, to the Im-
perial Treasury. Among them were the tax upon
slaughtering cattle for food, on travellers for
the guards employed on the passes, on dealers at
fairs, on ealendering, ou coffee-crushing, and on
hawkers.

According to the last letters from Rio de Janeiro,
the fire at the Custom-house in that city hal oc-
curred in the quarter where the German and French
goods were :principally stored, and the loss was
estimated to be less than £30,000. it is under-
stood that in the quarter where the English goods
are stored there had been no damage except by
Water. Strong suspicions were entertained that the
fire was the act of an incendiary, to prevent expo-
sures in connection with the recent Customs' frauds.

The following letter from Mr. J. 0. Lever, late
M.P. for Galway, refers to the affairs of the At-
lantic Royal Mail Company, and the evidence re-
cently given by Mr. Edwards.

TO THE EDITOR. OF THE SUN.
(Overend, Gurney, and Co.)

SIR-My name having been mentioned in the late
inquiry in connection with the affairs of the Atlantic
Royal Mail Company (Galway Line), of which I
Was the founder, may I ask the favour of the inser-
tion of these few lines ?

When I and my friends left this concern in June,
1860, it was perfectly solvent ; its management
then remained in the hands of Mr. D. W. Chapman
and Mr. E. W. Edwards.

During the first two years while I was connected
With the management about the same number of
"voyages were made by the company's vessels as
during the subsequent management. In the former
period a profit was made, without subsidy, which
Was not then due, and a sum of £220,000 was
offered for the contract and goodwill of the line by
another company. In the latter period, notwith-
standing a subsidy of £91,000 per annum, which
had then become available, the loss incurred
appears to have been £840,000.-1 am, sir, yours,
faithfully,
Brighton, Jan 27.

J. ORRELL LEVER.

At the meeting of the New Zealand Trust and
Loan Company a dividend at the rate of 10 per
cent, per annum was declared.
At the meeting of the Lancaster Banking Com-
pany, a dividend and bonus, together equal toy per
cent, for the year, were declared.
A dividend of £5 per share has been declared by
the directors of the Birmingham and Midland Bank
for the past half-year.
The directors of the Birmingham Joint Stock
Bank (Limited) recommend a dividend at the rate
of 20 per cent. per annum.

The report of the Lion Brewery Company
(Limited) recommends a dividend for the six months
at the rate of 10 per cent. per annum.
The report of the Birmingham Financial Com-
pany, Limited, recommends a dividend at the rate
of 5 per cent.
The London and North Western Railway traffic
return shows this week an increase of £7,735 over
last year; the Midland an increase of £9,873 ; and
the Great Eastern an increase of £1,145.
At a meeting of the creditors of Mr. A. Winter-
bottom, in the stuff trade, held at Manchester yes-
terday,
the liabilities were stated at £49,337, and
the assets at £28,061. It was decided to accept a
composition of 10s. in the pound, payable in instal-
nlents extending over 15 months.

BILITISH FUNDS—TITO O'CLOCK.
CiOTERNMENT FUNDS.
° por Cent. Consols
Ditto for Account,
8 per Cent. Reduced 934 i
New
3 per Cent
21 per Cent. Jan. 1894
..
Annuities, 80 yrs, expire sth Jan., 1680 —
Do. for 30 yrs, expire sth April 1885 —
E no (Rod Sea Telef,raph), Aug..
xchcquer Bills, £1;000, 21per Ct.
1908 —
. Do.
£5OO
Do.
£lOO St £2OO
2-tuk of England Stock, 4 psi. Cent
Canada Do. account
4 per Cent. Bonds —
Later-Colonial Uranium
I .INDIAN GOVEUNMENT 6ECURITLES
nita Mock, 101 per Cent., April 1874 2lll
Do.• Opening, for Account -
o 5 pe Cent. Jul, 1880
Do. 4 per Cent., Oct 1888
Do. Certificates
Do.Enfacod Yap. 4 par ()Ant —
5 per Cert., Jan. 1872
",-,°• 54 per Ozzt. May 1879
+,O 5 p6Z cent, Rup. Deb. 1872 —