The Sun.
London, England, 1859-08-11 00:00:00

BRITISH FUNDS-CLOSING PRICES.

I per Cent. Reduced Aunt Lies 95/ 3
per Cent. Consols Annuities
:‘IGNI, 3 per Cent. Annuities
Long Annuities, expire sth Jan., 1860 —
Ditto for 30 Years, expire sth April, 1885 18
'Tillie Stock
Ditto Debentures, 1858 .. .
Ditto, 1859
onsols for Account (Sept. 7)
xchequer Bills, £l,OOO, lid .. 28 5
FOREIGN FUNDS—CLOSING PRICES.
Austrian Bonds, 5 per Cent.
Ditto 1809, 5 per Cent.
irazilian 5 per Cent.
Mexican 3 per Cent.
Ditto Account
Peruvian 11 per Cent —

_ .
Ditto Account
Ditto (Uribarren), 41 per Cent.
Sardinian, 5 per Cent —
Ditto Account
Spanish 3 per Cent.
Ditto Passive
Turkish 6 per Cent —
Date Account
Venezuelan 5 per Cent.
Ditto New 2i per Cent.
Ditto 1 per Cent.
Dividends on the above payable in London.
THREE O'CLOCK.

Consols, Money 9sa i
Ditto Account

7IIE ATLANTIC TELEGRAPH.

LIVERPOOL, WEDNESDAY.

To-day, in pursuance of a requisition to the
mayor, a meeting of the inhabitants was held in the
Sessions House to hear the chairman of the Atlantic
New Telegraph Company give an exposition of the
present position of the company. The meeting was
well attended by the commercial and banking inte-
rests of the town, and resolutions in support
of the undertaking were passed. Mr. William
Brown, late M.P. for South Lancashire, occupied
the chair ; and
Mr. Stuart Wortley, chairman
of the company, explained its present position.
As must be well known from previously published
statements, the company has been invited by her
Majesty's Government to unite vt ith themin a series
of important experiments to determine, by actual
test, the various questions upon which there is any
difference of opinion relative to the insulation and
composition of cables for deep water. The investi-
gation of these matters will immediately commence
under the superintendence of Captain Galton, R.E.,
of the Board of Trade, advised by Mr. Robert Ste-
phenson, M.P., and Professor Wheatstone, and as-
sisted by the staff of the Atlantic Telegraph Com-
pany. The cable can be constructed and laid on
the following terms, which in June, 1857, could not
have been obtained at any cost :—Contractors of
high respectability are ready to make and lay
down and work the cable at their own risk. Separate
books of accounts to be kept to ascertain accurately
the cost of making and laying. These books to be
and the contractor's profit
oaudited
such
makingthe companyandlaying to consist of a commis-
sion or per tentage on the total cost. When the
cable has been laid, and when messages have been
sent and received through it in a satisfactory man-
ner for 30 days, this profit is to be paid; but if
the cable should fail in any respect the whole profit
is to become forfeited, and not only is the whole
profit to become forfeited, but a further forfeiture
of large amount will be submitted to as a penalty
in actual cash, which latter sum would previously
be held as security out of the cost until the accom-
plishment of the work. The contractors would also
consent to take a portion of the absolute cost of the
cable in preferential shares. A policy of insurance
to be taken out to cover the sea risk of submerging
the cable.