The Sun.
London, England, 1869-02-26 00:00:00

IVIONEY -MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLoci.

Consols are 92i 3 for money ; ditto, for Ac-
count, 93
; Three per Cent. Reduced, 938 1 1 1 ;
New Tkree per Cents, 931 1 ; Exchequer Bills,
£lOO, £2OO, and £5OO, 3 dis. ; Bank of England
Stock,-4 per Cent., 244.
• India Stock, 101 per Cent., April, 1874, 1121 13 ;
ditto
5 per Cent., July, 18S0, 112,1- ; ditto 4 per
Cent., Oct., 1888, 102/ s ; 'ditto Bonds £l,OOO,
17 15 prem. ; ditto under £l,OOO, 10 prim.
Foreign Stocks are very firm. Turkish Five per
Cents. are 421 421, showing a rise of 1; Italian
Five per Cents. at 57 b 7 ; and New Spanish
Three per CciitF. at 321 33, being better than last
evening. Greek Bonds remain at 12 121 ; Mexcan
at 151 151 ; Russian (Azof) Railway Loan at 80/
811 ; and liondurai Government Railway Loan is
steady at 85 87 ex coupon.
The Railway Stocks are firmer ; the only rise of
importance is in Caledonian, which is quoted
,11 per cent. higher. Metropoliian Original stock
Las improved 1 ; but the Extension stock is 1
lower. London, Chatham, and Dover has also
risen 1; and Brighton stock is 1 lower than yester-
day. London and North-Western, South Exitern,
Great Northern, ditto A, Lancashire and York-
shire, and Midlands are now dealt in ex div.
United States Bonds continue firm, the Five-
Twenties being 801 to s ; the 1885 Bonds 791 to -.1,
and the Ten-Forty Bonds 731 to 1. Eries have
risen 1, to 241 to / ; and Illinois Central stock is
unaltered, at 961 97.
Anglo-American Telegraph shares remain at
221 to 221 ; the Eight per Cent. Preference, at
41 to 41 ; and Atlantic Telegraph Original Stock
is unchanged at 34 35.
A general meeting of the shareholders of the
Bank of London was held to-day. The report
entered fully into the affairs of the bank. The re-
solution for the adoption of the report had attached
to it words to the effect that the committee of
management be requested to continue their services
Under existing arrangements. The proposition was
Passed unanimously.
The sum of £30,000 in sovereigns was withdrawn
from the Bank for Brazil yesterday.
The return of paid clearing for the week ending
14th February is as follows :—Thursday, Feb. 18th,
£9,213,000; Friday, 19th, £9,093,000; Saturday,
20th, £11,791,000 ; Monday, 22d, £9,427,000 ;
Tuesday, 23d, 110,167,000 ; and Wednesday, 24th,
£8,539,000—t0ta1, £58,230,000.
It is understood that the negotiations for an
Italian loan on the ecclesiastical properties have for
the moment been broken off.
Messrs. J. S. Morgan and Co. have invited sub-
scriptions for £369,200 six per cent. sterling mort-
gage Bonds of the United Canal and Railroad
Companies of New Jersey, an association formed
by the working junction of three of the oldest and
most respectable undertakings in the United States
(the Camden and Amboy Railway, the Delaware
and Raritan Canal, and the New Jersey Railway),
at the price of 86. The instalments extend to
the Ist of May, and the bonds are redeemable
at par by a sinking fund in 25 years, upon
which terms they will yield 7 per cent. per annum,
and the immediate necessity caused by increase of
business for larger space at their terminus opposite
the city of New York is assigned as the reason for
the present issue.
The Master of the Rolls has sanctioned the pay-
ment of a first dividend of 12s. 6d. in the £1 to the
creditors of the China Steamship and Labuan Coal
Company (Limited).
The Brighton Gas Company have declared a divi-
dend at the rate of 8 per cent. per annum.
The report of the directors of the lower Subway
Company states that the purchase of the land re-
quired in Middlesex has been effected for £1,300,
and the freehold of a house on the Surrey side for
£1,600. The contractor has commenced the shaft
on Tower-hill. The directors report that they
" see no reason to doubt that the whole of the
works will be completed within the estimate of
£16,000, as put forward in the prospectus."
Vice-Chancellor James has fixed the sth of
March for the appointment of an official liquidator
of the Masonic Union Company (Limited).
At the meeting of the English and Australian
Copper Company a dividend of 9d. per share was
declared, free of income-tax.
At a meeting of the City Discount Company
(Limited), it was resolved to wind up the under-
taking voluntarily, a large portion of the assets
being locked up.

The prospectus of the Almada Silver Mining
Company (Mexico), with. a capital of £75,000, in
7,500 shares of £lO each, has just been issue].
3,500 of the shares are offered to the public, and
from the advantages set forth it is almost a cer-
tainty that they will be readily taken up. The
vendors of the property forgo all profit of the pur-
chase money—£l3,ooo--until the shareholders have
received back their entire subscriptions in full,
with five per cent. interest. The vendors take
4,000 shares, including 2,000 fully paid, as part of
the purchase money, and when all the expenses are
Paid the profits are to be equally divided, when the
fully paid up shares are to be issued to represent
the vendors' moiety in the property. The pur-
chase is recommended by Mr. Petterick and Mr.
j • P. Clemes, who have carefully scanned the pro-
Perty, and speak highly of its commercial advan-
tages.

The return from the Bank of England for the
week ended the 24th February gives the following
results when compared with the previous week :--
Rest ****** £3,350,396 ... Decrease ... £36,990
uulic depo-s.its *********
5,030,893 ... Increase ... 369,878
Other deposit: 17,469,154 ... Decrease 478,741
On the other side of the account :
1,0
Government securi-
ties,..
securities ***
Other Cu
16,308,037 Decrease ... 34256
""„, tsa linernployed 9,388,275 ... increase ... 204,210
The amount of notes in circulation is £22,795,280,
being a decrease of £358,635 ; and the stock of
bullion in both departments is £18,271,215, showing
I decrease of £199,715 when compared with the
preceding return.
Subjoined is a comparison of the present position
of the Bank of England and the prices of Consols
and French Ratites with the corresponding week of
last year :

Same Week

.___
At Present. _
last Year.
nullion.
Reserve
Notes iu eirculation 22,793280 ... 23,117,850
Rate of discount
Consols
French Routes

BRITISH FUNDS—TWO O'CLOCK.
(40TERNMENT FUNDS.
a Pe r Cent. Consols
8 Ditto for Account,
~
93 1
NPer Cent. Reduced 93 i i
isi"r a per Cent
Ehyv. 1 per Cent. Jan. 1894
..‘ —O. per Cell J an. 1873
—3lunities, SO yrs, expire sth Jan., 1880 —
Do for 30 yrs, expire sth April 1885 —
E.. (Red Sea Teleb,raph), Aug., 1908 —
'et:Legit:lx Bills, £l,OOO, 2i per Ct.
Do,
.£5OO
Do,
£lOO & £2OO —
liralbnkeafeEconugultand Stock, 4 per Cent
o.
l'anada 4 per Cent. Bonds —
Auter-Celonial Uranium
1 ,
..i.NOIAN GOVERNMENT SECURITIES
rlka Mock, 10i per Cent., April 1874... 1121 13
7,0- Opening, for Account --
n". 5 per Cent. July, 1380
—,,°. 4 per. Cent., Oct. 1888
uo. Certificates —
Do.D Enfaced Pape, 4 per Coat —
,O 5 per Cent., Jan. 1872 , —
Da
'-'°. 4 per °cut. May 1879 —
5 per Cent., Rnp..Deb. 1872 —
LO do. 1877 —
, Do. do. 1882 —
D 0"..). Deb., 5 per Cent., Aug. 1873 ~ — ,
17 11)
~ Bonds, 4 per Cent .£1 000 ..... •
.7 ,
"e• under £l,OOO
Ar
_FOREIGN FUNDS —T WO O'CLOCK.
gentine Republic, 6 por Cent BOl 1 1
o, • , ! Scrip •aid ..
itllltrian Bonds£4s 5 p
per cent
Br . Do. 1859 —
Do. 5 per Cent —
n •41 Per Cont. 1852 —
—„°- do. 1858.,... —
D0....•0, -1 6.
u 186.) .
,do.; 1863 7ll
-1,0. 5 per Cent., 1865
utieuu Account B4
UO3 AYtes 6 per Cent. metttimf