The Sun.
London, England, 1869-02-12 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE,

CI, o'.
English securities are dull,TY and Two haveCLocK declined
1-16 to if per cent., but the demand for money is
active.

Consols are 924 3 24 for money ; ditto, for Ac-
count, 93 ; Three per Cent. Reduced, 934 8 ;
New Three per Cents, 931 8 8 ; Bank of England
Stock, 4 per Cent., 244.
India Stock, 101 per Cent., April, 1874, ;
ditto 5 per Cent., July, 1880, 1121 1 ; ditto 4 par
per Cent., Oct., 1888, 1024 ; ditto Bouts under
£l,OOO, 23 prem.
In the Foreign Market the prices were :—Argen-
tine, 791 to 4 ; Brazilian of 1865, 834 to 8 ;
of 1867, 941 to 95 ; Egyptian of 1861, 871 to 881 ;
ditto of 1863, 734 to 8 ; Italian of 1861, 564 to 4 ;
ditto Tobacco Loan, 51 to 4 prem. ; Mexican, 151
to ;
7Peruvian of 1865, 764 to 8 ; Russian of 1866,
92.1; to 934 ; ditto Nicolai, 67 to 1 ; ditto Orel,
821 to a; ditto Mo3cow, 80n to ; ditty Charkof-
Azof, 811 to 4 ; Charcow.Kreinentschug, 804 to
811 ; Spanish of 1867, 301 to 31 ; Turkish of 1858,
661 to 67 ; ditto of 1862, 651 to 66 ; and ditto of
1865, 404 to 41.
In the railway market prices are as follows :
London and North Westcrn, 1201 to 1 ; Great
Western, 53 to 4 ; Midland, 1214 to 122 ; Lon-
don and South Western, 91 to 93 ; Great Eastern,
424 to 4 ; Brighton, 511 to 52, ex div. ; South
Eastern, 821 to 1 ; Metropolitan, 1114 to 4 ; Great
Northern, 1131 to 4 ; ditto A, 1121 to 4 ; Cale-
donian, 791 to 4 ; and London. Chatham, and
Dover, 174 to 4.
American 5-20 Bonds are 774 to I, and Erie
Railway shares 244 to 4.
In Bank and Miscellaneous shares prices are
unaltered.
About 10,000 sovereigns were withdrawn from
the Bank yesterday fur Bombay, and the £87,000
in Australian gold by the Agues Rose was taken
for abroad.
The steamer Neva has arrived from the West
Indies with £165,500 in specie.
At the general meeting of the London General
Omnibus Company (Limited) a dividend at the rate
of 5 per cent, per annum will be declared for the
half-year.
The directors of the Salisbury and Yeovil Rail-
way Company recommended a dividend on the
ordinary shares at the rate of 7 per cent, per
annum.

Two vocancies in the direction of the Bank of
Australasia have occurred by the resignation of Mr.
G. Cattley and the Right Hon. Hugh C. E.
Childers, M.P.
The return of paid clearing for the week ending
10th February is as follows :—Thursday, Feb. 4,
£13,332,090; Friday, sth, £10,741,000; Saturday,
6th, £11,739,000; Monday, Bth, £10,376,000;
Tuesday, 9th, £10,317,000 ; and Wednesday, 10th,
£8,838,000—total, £65,343,000.
The British Indian Submarine Telegraph Com-
pany have given an order to the Telegraph Con-
struction and Maintenance Company to proceed
with the manufacture of their cable from Suez to
Bombay, via Men. The length, 3,600 nautical
Miles, is to be submerged during the next cold sea-
km, and the work will be taken in hand immedi-
ately on the completion of the Franco-American
cable, which is of exactly the same length, and is
to be laid in the course of the coming summer be-
tween Brest and the United States.
The Great Northern Railway traffic return shows
this week an increase of £2,197 compared with the
corresponding period of last year ; the Great
Western an increase of £1,619 ; the Great Eastern
an increase of £1,639 ; the London and South
Western 'a decrease of £296 ; the London, Chat-
ham, and Dover (including the Metropolitan Ex-
tension and branches), an increase of £283 ; the
Metropolitan Extension (separately), an increase of
£482.

Ur. Chatteris, the official liquidator of the Hum-
ber Ironworks and Shipbuilding Company (Li-
;lilted), has applied to the Master of the Rolls for
leave to divide the money now in hand, some
50,000, among the creditors who had proved their
"jam After hearing all particulars, the Master
°4
the Rolls decided that the unrealised assets cf
the company would be sufficient to meet any claim
the assignees might establish, and he ordered the
(3' t 44 liquida.tor at once to pay a dividend to the
creditors of 65., us dividends,
making, with previous 12 .
8. 6d. in the pound. Notice of appeal against
the
Order was given.
Discussion is again beginning to be raised on
the
the
question of the purchase of the telegraphs by
G overnment. The principle being adopted,
and a certain rule laid down, it will not be pos-
sible for the Administration to recede from the
Principles of the contract. The Honourable
Robert Grimston in his address at the meeting
of the Electric and International Company on
the sth instant, pertinently remarked :—" T
illustrate more for3ibly the fallacy of the argu-
able" of the Edinburgh Reviewer, financially
Peaking the
assume that Mr. Scudamore's estimate of £6,000,000 for the purchase of the
tkelegraPhs is the correct one. It is very well
nown that the Government would have no dial-
ealtY in raising £6,000,000 at 31 per cent. per an-
rill, which would amount to £210,000 a year.
°lv I have only to refer you to the printed ac-
,c
'ennts of this company, and of the British and Irish
11,,°agnetic Company, for the year ending 31st Dec.,
68, to Prove that theae two companies alone show
al net
8 profit available for dividend of £171,843
that lid. and £65,582 ss. 9d. respectively, and
x2ait these two sums added together amount to
of ii,7'426 48. Bd., a sum sufficient to meet the whole
estimated
interest incurred in raising the £6,000,000
entirelmatd to be necessary for the purchese of the
_ telegraPh system of the United Kingdom,
bbyesides leaving a handsome surplus (some £27,000)
staWaY of profit on the transaction.
tehe report of the Anglo-Italian Bank (Limited)
faui,,3 that the business for the past year has re-
-110 e' in a net profit of £17,569. Having regard,
vowever, to the old contingencies mentioned in pre-
ti'een, reports, the directors think it inexpedient to
,la, re a dividend on this occasion.
,we-tne return from the Bank of England for the
reaUkltelided the 10th February gives the following
/test a when compared with the previous week :--
1'...; ***** ; ...... £3 367 742 ... Increase ... _ £4,269
o mepositB ****
.i 7.4745
... Increase ... 1°7,820
hater deposits ............... 17,
°ll thci 451,957 ... Decrease ... 243,808
Dove other side of the account :
t* z.nnaent securi-
otets ............ . . £l4 026 537 'Decrease ... £173
ot,: Becuities •
........ 1411,757 ......
Decrease ... 484,7.69_
114 uLteraPleyed... 8,938,630 ... Increase ... 310,090 bein arnount of notes in circulation is £23,332,685,
illillt 4 decrease of £489,005 ; and the stock of
I°4 in both
4 ern
departments is £18,408,540, showing
Preem, se of £102,665 when compared with the
—ung return.
stm:_
.11.
of th.J,,,ul ad is a comparison of the present position
413 d p'43ank of England and the prices of Consols
lath reach Relates with the corresponding week of
- Yoar :......

12411i0n At Present. Same Week
last Year.
."4erve ............... ... £18,408,540 ... £21,605,960
tea _ 0 ............... 10,075,855 ... 13,102,645
Attte o,!us. traulation... 23,332,685 ... 23,503,315
es_
o!ediscount ...... 3 per cent. ... 2 per cent.
48 1 .................. 93 93;

r, 1311ITISII PUIIDS
"OVER.Natt -T F• 'D —TWO O'CLOCK.
921 3 22-
a Per
oent:C
ON I " 3.
Ditto for AOceOu°nst,' ..................... 93
I,ILI
ttler..cent. Reduced
,9331 i
ev' i per Oellt ........................... _ i
~,W 1 per Cent. Jan. 1894
A '-'o'.s. Per Oen 3511.1873
nnuitios, SO yrs, expire sth Jan., 1880.
Do
for 3u yrsj, .3 piro sth April 1885 —
,r, Do (od Sea Telxe&rah), Aug., 1908 —
Pm
r.2etioquar Dills, £l,OOO, 2i per et.
De.
lIDo, X5OO
i- £lOO k' .£2OO
Pm
4,11! ef England Stock, 4 per Cent
iN .1) u • account
!;anada 4 per Cent. lionds ...................
Inter-Colonial Cranium
I
• "lAll ulovtitxmmwr SECURITIES.
4:11a, toelr, 10i per Cent., April 1874 —
ur,o. Opening for Account
'L,'°. 5 per Uent..fuly, 1880
102 i
AL',O-,°' 4 Per Cent., Oct. 1888
. Certicates
&IQ' Lilfaced "'al/v.1.4 ...... Cent ....... i. . -