The Sun.
London, England, 1869-01-22 00:00:00

MARKET

MONEY

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.

Business has at last shown symptoms of improve-
ment, and both English and foreign securities were
firm. The railway market participated in the im-
provement. The rate of discount is 21- to

Consols are 93 for money ; ditto, for Ac-
count, 931- 3 ; Three per Cent. Reduced, 93f ;
New Three per Cents, 934 I.

Canadian 4 per Cent. Bonds, 1903, 105.
India Stock, 104 per Cent., April, 1874, 213 ;
ditto 5 per Cent., July, 1880, 1121 12 ; litto En-
faced Paper, 54 per Cent., May, 1879, 1091 10g.
In the Foreign Market Turkish Five per
Cents, have improved to 381 381 ex div. Italian
per Cents. remain at 531 531 ; Greek Bonds at 111
12; Mexican, at 151 151 ; and New Spanish Three
per Cents. at 311 311 ex div.

Egyptian 7 per Cent. Loan is 714 721 ex div. ;
the Honduras Loan 17 87 ex coupon ; Italian
Tobacco Scrip 1 11. prem. ; and the last Russian
Railway Loan 1 dis., par.

In the railway market Caledonians are 3,
Great Eastern 1, Brighton 3, North British 1,
North Western s better, while Midlands
have fallen off 3. The quotations were
as follows :—Caledonian, 783 to 793 ; Great
Western, 493 50 ; Great Eastern, 423 4 ; [Great
Northern, 1073 1085 ; ditto A, 1083 109 ; Lanca-
shire, 1293 301 ; Metropolitan, 1073 8 ; ditto Ex-
tension, 1023 33 ; Midland, 1143 15 ; Sheffield,
473 81 ; Brighton, 52 I ; North British, 32 3 ;
North Western, 1153 161 ; North Eastern, 1033
45; South Eastern, 81 f ; Chatham and Dover,
175 I.

American Five-Twenty and Ten-Forty Bonds
remain firm at 751 to i and 72j i respectively.

Atlantic and Great Western Railway Deben-
tures are 42 42i ; and the Consolidated Mortgage
Bonds 46 46i. lines have improved 3., and Illinois
Central stock is 1 better at 924 93i ex div.
There were no gold operations at the Bank yes-
terday.
The Bank of France return this week shows a
recovery of £53,000 in the stock of bullion.
The large amount of Mexican dollars brought by
the French packet Washington has been disposed
of at 591 d., showing a rise of id. from the last
price. -Bar silver is firm, wish a moderate demand
for India at 600. to id.
The return of paid c'earing for the week ending
20th January, issued from the Bankers' Clearing-
house, is as follows :—Thursday, January 14th,
£20,412,000 ; Friday, 15th, £13,599,000; Saturday,
16th, £12,276,000 ; Monday, 18th, £11,237,000 ;
Tuesday, 19th, £11,424,000 ; and Wednesday,
20th, £9,555,000 ; total, £78,503,000.
The report of the Brighton Railway, to be pre-
sented on the 2d of February next, was issued
yesterday, and shows that., after paying the pro-
posed dividend of 12s. 61. per cent., which will
absorb £42,750, a balance will remain of £5,982,
and that the sum really available would have been
£62,400 but for an amount of interest payable to
the Uuion Bank in settlement with that establish-
Mont.

It is proposed to perforate the postage stamps
with the initials of the persons using them, which
Will render the stamps useless except to the owners,
and prevent the sale of them to stamp dealers, as
the most effectual means of preventing the fraudu-
lent removal of postage stamps.
Advices from Manchester announce the failure
of Mr. A. Winterbottom, who has been largely
engaged for many years in the stuff trade. The lia-
bilities are estimated at from £30,000 to £40,000.
The London, Chatham, and Dover Railway traffic
return, including the Metropolitan Extension,
allows this week an increase of £1,324, compared
with the corresponding period of last year.
The ordinary general meeting of the Thames and
Mersey Marine Insurance Company (Limited) will
be held on Feb. 12.

A general meeting of the East London Railway
Company is convened for Feb. 5, to receive a report
from the directors.

Our letters from Frankfort state that the
Bourne has been in an uncertain state during the
Past week, from the contradictory influences of the
reports from Vienna and Paris. Lottery shares are
tat, the market having been flcoded with them from
all parts. The Italian Tobacco Loan "is now quite
naturalised in Germany and bought for invest-
-Inel:it" The Hungarian Northern Railway is said
to have bean sold to an Anglo-Belgian Company
for 11 millions, the Government guaranteeing an
'hterest of 7 per cent., and the line is to be con-
tinued from Salfo-Targan to join the Raschau-
9derberg Railway. The Cologne-Minden Railway
Intend building a railway from Stade to Cuxhaven,
if Hamburg and Prussia will guarantee jointly an
Interest of 4f per cent. The Petersbotrg Borsen
4eitung now announces that no new concession for
~
construction of Russian railways will be given
for Rome time.
The return from the Bank of England for the
1r
ve:ak ended the 20th of January gives the following
hist:its when compared with the previous week :-
1.40 • £3,322,232 ... Increase £56,386
0., AIL deposits
f,"ler deposits 20,174,108 Decrease 943,789
ciuoilvothe other side of the account :
timrunlcat securi-
Other £15,934,710 ... Increase 500,000
1104_ securities 17,079,845 ... Decrease ... 627,160
The
unemployed 8,616,225 ... Increase ... 207,475
b:e amount of notes in circulation is £23,979,735,
g a decrease of £145,625 ; and the stock of
bulLinn in both departments is £18,704,177, showing
an increase of £95,853 when compared with the
15
neding return.
of Subjoined is a comparison of the present position
the Bank of England and the prices of Consols
,_,
trench Rentes with the corresponding week of
"wit Mar

At Present. Same Weeklast Year.
Bullionitr £18,704,177 ... £22,200,903
liote Ire
Atit_l in circulation 23,979,^r 35 ... 23,868,870
e_ aof discount
krelk "gela
olz Routes 7of. 15c. 68f. 60c.

Harrisa rUND A
UOPERNMENT Fumas. 5 """.r."
W.
"1493°U.:.
931 3
i per Cent. Consols
a Ditto for Account,
93} 1
New
oent. Reduced
931 1
-Cy a per Cent
.I,W 2t per Cent. Jan. 1894
A ''''''• per Cent J sn. 1873
-01nuities, SO yrs,
120. for 3 rs expire sth Ap 'il 1813
expire sth Jan.,
_1_858.0 —....._
t IJO (Red Sea ~&lovaph), Aug.,
i 1908 —
lehequer Bills, £l,OOO, 2 per (-it
Do.
£5OO
. De.
£lOO & X2OO t
•eftek of England Stock, 4par Cent
, De. account
105
'enada 4 Per Cent. Bonds
'alterColonial Uranium
incl. lsbiaN UOVERNMENT SECURITIES.
,sia tock, 101 per Cent., April 1874 213
.uo Opening, for Account
1121 12
Re. 5 Per Cent. July, 1880
_
-°• 1 Per Cent., Oct. 1888
O. Certificates
Do. Eufaced Papet 4 per Cent bhe• 5 per Cent., Jan. 1872
T9l 10i
-°' 51 per Cent. May 1879
D
Ila 5 Per Cont., Rup, Deb. 1872
Do.
do. 1877 _
_
Do,
do. 1882
~ Deb., 5 per Cent., Aug. 1873 .-•••— i
Do Bonds, 4 per Cent., £l,OOO
1)0. Under £l,OOO
~f,„,
.POItRIGN FUNDS—TWO O'CriCIC
eentine Republic 6 per Cent
'•—•
A I)°.'
BeriP A:5 I)z:id ..
.tiltrian bonds o per cent ..
Br• De. 1859
1*
;;zi lan paper Cent
Do. q r Cent., 1852
-e. do. 1858.... .............
i.io. do
1860 _
1),-,°. dol 1863
..,0 6 *,
___
, • per Cent., 1865
B)2 4-et' unt ....
i ....Cent ..
801
•;,noRO
2 Ayres 6 per
C Iper Cent. (Deferrod 3 per Cont.)
an_
lays 6 _
~ '
C ,1%, per cent.
.....
' it 6
Per Cent
f ,0
.-..
~ •4i per Cent..... ...........
D"0. Per Cent,
o „,
' 6 Per co' t. 1867
_—
n l','°• 7.per Cent., 1866
12110.e:14Ln, per P Cent.
nba48,11,2 per Cent., 1825
~%04,;)' la rtineipalities, 7 per Cent
8C
i';clb 5 per Cent., 1867
eador New Consolidated, 1 per Cent
u°,V.Pti"e, 7 per Cent ...................... ....
45; Secouti Issue ......... 831'
...................
~,
D°.
ftt,
.Bonds .............................. 54T .
41 4
'sjV
410 80114 ........................ woo 8

Pm
Pm

Do. 186. E -
Do. Account
Do. £5O Bonds
Do. £IO Bonds 9O
English Scrip, 1868_ 7ll i
Do do. .£-15 pd —
Govt•rument Rail way Deboutures
Graex 5 per Cent., 1824 5, ex Coups —

00. Account . .
Do. Con pone
Do. Account
iialtemala o per (lent
Honduras Gov. Rail. Loan., 10 p. Ct., all pd

_
o.aati ' pct. cirt., 1665
:43. Account .

Do Maremmana Railway —
A:icar. 3 per Gent —
Ditto for Account
Do. 1864 —
Do g per Gout. Anglo-French —
outevidvau 6 per Gent. .. —
,loorish imperial 5 per Gout
Now Granada —
Do 3 per Con 351
Do. Deferred
Peruvian 5 per Gent. 1.865
Do Account •• 761
Do 41 per Gout. (Uribarren) .•.
Do 41 per Cent.. 1862 .• —

Do Account

Porttiguese 3 per Ct., 1853, '6, 7,'9,'6u,'2.': 3G}
t
Do. do. 1867 36}
_ _ _

Do. do. Scrip, £2O paid -
li, issian 5 per Cent., 1822, £ St
Do 41 per Cent . 1850
Do 41 per Cent., 1860
Do 3 per Cent., 1859
Do 5 per Cent., 1862

Do. Anglo-Dutch, 1864, £lOO BondE., 911
Do. do. .£B4 los. d 0...,,

Do., 1866, £lOO Bonds

- •
Do., do £B4 15e. do —
Do Nicolas Railway 67 61
Sardinian 5 per Cent
Spanish 3 per Con .:
Do. Acc,.,unt
Do. 1867
Do. Account
Do. New Deferrou
Do. Account
Do. Passive
Do. Com. Cert. of Coup. not funded

Do. Account
Swedish Provincial Mortgage Loan
Do Government, 1864
Do do, 1868
Do do, Scrip
Turkish 6 per Cent.
Do Account
Do 6 per Gent. 11358
Do Account

Do I'loo Bonds —

Do 6 per Cent., 1862 —

Do Account

—....._..
Do .£lOO Bonds 64
Do 5 per Cent. 1865 —
Do Account
Do 6 per Cent., 1860
• 60/
Do t por Cent., Guaranteed
Do Laud Warrants (Hectares)
Venezuela 3 per Cent. —
Do. Account
Do 6 per Cent. 1864
Do 6 per Cent., 1862
Dividends on the above payable in L0i,0..
Austrian a par Cent. Ex 10 Florins
Belgian, 4} per cent., Ex. 25f.
Dutch zlt rer (140 t. Ex. 12 Gail „ 57/
Do. 4 per Cent. Certificates .... . BBl
Do. Account —
French Rentes, 3 per Cent., Ex. 25f. —
Italian 5 per Cent. 1831, Ex. zsi.
Do Account 531
TNT, O'CLOCK.
COW ol.s, Money 93 1
Do. Account, Feb. 4 .. 93 1

O VEREND, GURNEY, AND COMPANY.

FURTHER EXAMINATION OF THE DIRECTORS

THIS DAY.
The case for the prosecution was furthar proceeded
with this day.
Mr. Harding, one of the ( flicial liquidators of the

limited firm, Was placed in the witness box, and the
evidence he had given on the foraier occasion was read
over. He explained to the Court for his own justification
the reason why he did not make any inquiry respecting
the Greek and Oriental Steam Company, who appeared in
the books of the limited company as debtors to the amount
of £141,000. It appeared to have been written off as a bad
debt to December, 1865; at least it was only stated to be
likely to realise £7,000.
Mr. Lewis said that, notwithstanding this fact, the
debt had been previously passed over to the limited com-
pany as a good asset.
Mr. Harding said this was so.

In answer to questions put by Mr. G. Lewis,
Mr. Harding said that a debt of £27,028 due by A. G.
Gordon and Co. was written off in March, 1865, as a bad
debt. The firm had failed at this time, and the debt was
considered and treated as worthless by the old firm, but it
was handed over as an asset to the new company. The
same thing, in point of fact, was done with the debt of
£144,000 owing by the Greek and Oriental Coinpany.When
the limited company closed its doors the debts of the direc-
tors were stated at £2,970,000, and he estimated the total
claim of the limited company against the directors of the
old firm at the present time at £4,027,000, the amount
having been increased by bills of exchange that had since
become duo awl had been dishonoured. The losses of the
limited company during these nine months of trading,
irresp,:ctivd of the losses by the old firm were £1,400,000.
(Sensation.) They made no profit at all if the losses were
debited.

In cross•oxamination by Mr. Sergeant Ballautine, Mr.
Hai ding admitted that the business of the old firm (dis-
counting principally) was a very profitable one, generally
speaking, and the losses that had occurred arose from ad-
vances made for shipping and other such securities. The
great panic compelled the new company to close its doors,
and after that smaller firms went, and the securities
in many instances held by the new company in a great
measure became worthless. The stability of the company was
no doubt affected by the circumstances becoming known
that the estates of the directors were being realised.
Mr. Sergeant Ballantine—You have found it necessary
to make another call of £5 upon the unfortunate share-
holders. Is there any hope that that money will ulti-
mately be returned to the shareholders ?
Mr. Harding—Yes. We hope to be able to return the
money. There are certain assets which have yet to be
realised, and we hope with a favourable result. I may
say we never anticipated the necessity of making that
fresh call, and I hope when the securities are realised
we shall be able to return the money we aro now com-
pelled to call for.
Mr. Sergeant Btllantine —1 hoo your anticipations will
be realised.

Mr. Harding—l hope 60 too.
The case occupied his lordship unil four o'clock, when
t was again adjourned.

MARKETS-2 HIS DAY.

LIVERPOOL COTTON.
January 22. Sales probably 15,000 bales. The
market is firm and advancing.

Foreign Nail Paclot List.

MAILS DUE.

austral& and New Zealand. via Southampton Jan. 30
Ditto, via li% Arsenics -- .......Jan 25
Ditto, via FLA. sma Jan 28.
Bruit, Buenos Ayres, and Monte Video Feb. 3.
Ditto, by French packet Jan. 22.
Cape Verde. by Brazil paotet ....... . Feb. 3.
Cape of Good Mope. Ascension. anti St. Helena Jan. 27.
China, Penang, and Singapore. via Southampton Jan.,3o.
Gibraltar. via Southampton Jan 23
India, via Southampton ...... ......... Jan. 23

vitto, via Marseilles
Malta, if,gypt, dao. Jan.,;23.
Ditto, Marseilles Jan. 22
Mauritius, Cape of Good Hope, and Natal, via
Southan4 ton
Ditto. Marseilles Jan. 22
Newfoundland ...... ....... Ft b 10

Portugal .... . . Feb. 3.
United States, l anada, California, Ace., by British
packet ... Jan' 23
Ditto, by Canadian packet Jan 22
Ditto, by 1.. sited States packet
Ditto dittc (Baltimore)
West Coast of Africa, Madeira, and Teneriffe Feb. 16
West Indies and rani& (except Mexico and Baha-
mas) Jan 23
Falkland Islands ....... Feb 3.
Cuba and Mexico .............Jan. 2S.

Bermuda, via Ha1ifax..........
Bahamas, via New York Jan.

The course of exohsnge at New York on London for bills
at 60 days' sight was on the last date about I.C9j percent.
At this rate there is no profit on the importation of gold
from the Untied States.

[ADVERTISEMENT ]—(30DRIMpI1011, and all bilious, nervous,
stomach,and liver complaints in every stage. are only aggravated
and accelerated by drugs of every description, but perfectly
curable by Du Barry's health-restoring Revalenta Arabica Food,
as proved by thousands of cases which had been considered
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sumption, habitual constipation, diarrhoea, all gastric derange-
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biliousness, fevers, sore throats, diphtheria, catarrhs, colds, in-
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cramps, spasms, nausea and sickness, even in pregnancy or at
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pains at the pit of the stomach, and between the shoulders, &c
We quote a few.—The Pope's health restored by Du Barry's
Food. Cure No 68,413.—" Rome, July '2l, 1866.—The health of
the Holy Father is excellent, especially since, abandoning all
other remedies. he has confined himself entirely to Du Barry's
Revalenta Arabica Food, of which he consumes a plateful
at every meal. It has pro laced a surprisingly beneficial
effect on his health, and his Holiness cannot praise this
excellent food too highly." From the "Gazette du Midi,"
July 25. Cure No. 46,270. Mr. James Roberts, timber mer-
chant, of Frimley, Surrey, of thirty years' diseased lungs,
spitting of blood, liver derangement, and partial deafness.—
Cure No. 1,771. Lord Stuart de Decies, Lord Lieutenant of
Waterford, of many years' dyspepsia.—No. 49,832. "Fifty
years' indescribable agony from dyspepsia, nervousness,
asthma, cough, constipation, flatulency, spasms, sickness and
vomiting.—MariaJoly." Important Caution.—Beware of the many
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authority, Baron Liebig's name is most audaciously attached.
In tins, at ls. 11d. ; 1 lb. 2s. 9d. ; 2 lbs. s. 6d.; 5 lbs, 11s. ; 12 lbs.
225. ; 24 lbs., 40s.—Also Du BARRY'S REYALENTA ARABICA CHOCO-
LATE POWDER is packed in tin canisters; for 12 cups at 25., for 24
cups at 3s. 68., for 48 cups at t s., for 2SB cups at 305., for 576 cups
at 55s.—being about one penny per cup. The Ns. and 55s tins
are sent free of carriage in England on receipt of Post OMee
Orden—BAßßY DU BARRY and Co., No. 77, Regent-Mat, Lon-
don; and all Grocers and Chemists.