The Sun.
London, England, 1868-02-27 00:00:00

o.c E I AIAIiiKET

AND
,301LINERCIAL

CITY, Two O'CLOCK.

The stock markets are steady, but not so firm as
during the latter part of yesterday. The settlement
is still the object of attention, and in railway shares
there
has been continued firmness. In foreign stocks,
en the other hand, there is less tone. Italian
(1801) Bonds, which yesterday touched 454
buyers," have this morning been 454. Egyptian
are likewiSe cared. Erie Railroad shares
ntli_eue to decline in response to the prices from New
x Ass The funds are moderately active.
The discount demand is steadier. The rate is 14
per cent., with exceptional transactions at ig per
cent.
Consols are firm at an advance of 1, being quoted
at 031 to 13/ far money and account ; New and
Re,laced Three per Cents., 93!, to 93[s ; India Five
her Cents., 112 to 1121 ; Bank Stock, 248 to 230 ;
Exchever Bills, 12s to 17s prem.
F°reln'o Government Securities are for the most
part dull. Brazilian 1865 Bonds at 74 to 75, are
11:r cent. higher, forinilig the only exception ;
-enS'ptian are flat, the Viceroy's Seven per Cents.,
',god the Railway Debenteres being 4 per cent.
i'ver ; Turkish (1865) and Mexican have
The quotations are : Mexican,
151 to 151 ; Greek, 121 to 121 ; New Spanish,
30- to ; Italian, (1861), 454 to 451; Turkish
(1865), 324 to 33 ; Peruvian, 76 to 77 ; Russian
(1802), 84 to 83 ; Egyptian (1864), 87 to 88 ; ditto,
Seven per Cents., 731 to 74* ; ditto, Nine per Cents.,
881 to 891 ; and the Railway Loan, 904 to 91-k.
Colonial Bonds are without change. Canada- Six
er Cents, being inquired for at 98 to 100 ditto
ive per Cents., 85 to 86 ; Mauritius Six per Cents.,
104 to 106 ; New South Wales Five per Cents., 99
to 101 • New Zealand Six per Cents., 108 to 110 ;
Queensland Six per Cents., 103 to 104 ; Victoria Six
Der Cents., 110 to 111.
Itr American Secutities United States' Five-Twenty
)11d.s are firm at 714 to 714, being an improvement
of ; Erie Railroad flat, at a decline of 1, being
quoted at 434 to 444, while Illinois are better, at
88 to 89.
. The English railway market continues very steady
In connection with the scarcity of stock for the settle-
ment: As compared with the unofficial close of last
ai'4llt Caledonian are a further :1- higher ; Great
Western, 4 ; and London and North Western, and
Brighton, each. South Eastern, Great Eastern,
and Sheffield are rather weak. The quotations
current are :—Lancashire and Yorkshire, 129 k
h°, 130 ; Midland, 1081 to 109 f ; South Eastern,
in to 74 ; London and North Western,
1191 to 120* ; Great Northern, 108 to 109 ; ditto
ssk, 108 to 109!3- ; Great Eastern, 291 to 30*- ; Great
Western, 46 to 404 ; Brighton, 46i to 46; ; Shef-
field, 41 to 42 ; Metropolitan, 113/ to 1131 ; Cale-
donian,.„ 854 to 66. ; and Chatham, 181 to 19*.
Batik
Shares are quiet. London and Westminster
Is It better, at 674 to 68-1-; while London Joint Stock
is ; lower, at 321 to 34 ; Union of London, 334 to
311 ; Alliance, 131 to 124 dis. ; Agra (A Shares) 101
to ill.
Foreign Mining Shares are steady. St. John Del
)ley, 17 to 19 ; Purt Philip, 1/- to 14 ; Chontales,
14 to 14 dis.
The transactions in Miscellaneous securities are
'very limited. Anglo-American Telegraph is higher,-
at 194 to 19,4 ; Atlantic Telegraph Eight per Cents.,
54 to 5 ; Hudson's Bay 4 lower, at 14/ to 144 ;
London General Omnibus, 14 to 2.
The ordinary general meeting of Greenwood ana
e'tillltny (Limited) has been called for the 6th March.
A meeting of the shareholders of the Mosquito
Land Securities has been convened for the 4th March,
to receive the report of the committee formed at the
lueetinc- in October last.
Including the operations yesterday, there has been
Withdrawn from the Bank since the last return
£llO,OOO and £7,000 has been sent in.
The vessels leaving New York for Europe on Tues-
day took £lOO,OOO in specie.
, A remittance of £955 7s lld has been received on
account of Ecuador dividends, and £1,700 on account '
of New Granada dividends.
Air. John Jones, of Green-lane Furnaces, Walsall,
roasterandat Bullfield Works, Netherton, coke and iron
has suspended payment. The stoppage is
attributed to the depression of trade in South Stafford-
shire, to heavy losses, both in bad debts and in outlay
on works.
The available balance for the past six months of the
Great Western Railway Company is £143,670, which
Would allow .of the following dividends :—On Great
Western (Vale of Neath) Stock at the rate of 5 per
cent. per annum : on Great Western XSouth Wales)
Stock at the rate of 31 per cent. per annum ; on
Great Western (Original) Stock at the rate of per
per annum ; on Great Western (West Midland,
4Newport) Stock at the rate of 15s per cent. per
annum ; on Great Western (West Midland, Oxford)
Stock at the rate of 12s 60 per cent. per annum ;
carrying forward a balance of about £17,500. Nothing
",said in the official communication as to how this is
to be paid.
The following remarks upon the London market for
:American Securities are from Messrs. Satterthwaite's
circular :—" The unsettled state of political affairs in
America has had a prejudicial effect on United
States Government Bonds during the past week, the
5-20 Bonds of 1862 having receded at one time to
lii, but from this price there has been a re-
action to-day, and they close strong at 714 to
t The 1865 issue were sold down to 70/, but have
loinroved to-day to 704 to 704. The chief feature
of the week has been the heavy fall in Eries, the
lower quotations from New York with a simulta-
neoas rise in the premium on gold bringing in nume-
rous
sellers, so that from 491 there was a rapid decline
t°a 435, fro,'which point they have rallied to about
45. Illinois Central have been comparatively steady,
5,,n4 exhibit little alteration from this day week.
Atlantic and Great Western Divisional Bonds are
teady, with a fair inquiry ;- but Certificates of
ebeuture, at 26 to 264, show a decline of
per cent."
Alem tbrs. J. S. Morgan and Co. have notified that
they -will pay the coupons, duo Ist March on the
ds of the Erie Railway Loan of 1865, £BOO,OOO.
i\i'ir)l° next ordinary meeting of the proprietors of the
en eland and Eastern Railway Company will be held
the 25th day of March.
The death is announced of Mr. John Herapath, the
Journal proprietor and editor of the Railway
He expired yesterday at his residence,
te,ae tford Bridge, in Kent.- Few men earlier perceived
(1 tendencies of the existing mode of railway legisla-
tion to encourage the formation of superfluous branches
ana extensions, Mr. Herapath had attained an ad-
vanced age.
A meeting of the creditors of Macnab and Co.,
°°gineers and shipbuilders, Greenock, was held on
Tuesday, at Glasgow, James Morton, Esq., in the
chair, when there was a large attendance. Mr. Mon-
cried' Mitchell, C.A., Glasgow, was nominated trustee
-hy a majority of £lO,OOO against Mr. James Welsh,
accountant, Greenock, who was also proposed for the
offise. The liabilities amount to £35,000, and it is
anticipated that a favourable proposal will shortly be
Submitted.
The Birmingham Small Arms Company have de-
clared an interim dividend at the rate of 20 per cent.
Per annum.
The following are the rates of continuation, ac.,
current at the settlement now in progress :
t3,.Sliedosian Railway ... to *back, closing to g.
great Eastern 1
-id to contango, closing 1-16
great, 3-16.
is. Northern ... to do.
0 ea; northern
••:•• ... to do., closing 316 to 5.16
Leeds contango.
tango.
▪ to back.
a and N. Western... even to I contango, closing to
Great Western ... 1-1 back.
6to 3.16 do., closing to
Midland do.
"au •-• • 1.16 to 3.16 back, closing to
back.
ttelroPol't
bose, 1 to I back, closing to back.
• •to - contango,closing 3-16 to
orwi L. • 5.16 contango.
4em_a,‘. even to contango.
`4,11(1s 1.16 to 3.16 contango, closing
3-16 to 5.16.
North British even to do.
qre'tWesternofeanada... 6d to 9d contango.
triia! . Trunk of Canada... 6d to is Od do.
•
"'u••• even to do.

on -BRITISH FUNDS—CLOSING PRICES.
8 t3° -BRITISH
1 UNDS.
931 1 2i 3
Psr u 0.,,. , ,
b, ~. t.,onsois
414
et
,s:llvvr' .30 Ale)
leie ert ?en}
tonentrituMe
eadr e h 5 93i 3 2i 3
94 /
' 93i /
Di 2:.-. per Cent. Jan. 1894 —
4 (J• per Cent..) an. 1873 —
no4inities 80 yrs, expire sth Jan., 1880 —
Do
'ffi:r 'P
yrs, expire sth April 1885 —
'et',/::- 811(i'llarl,‘.111eUri,t)'(Pr,121)ip'elrna-t". 1908"
—l5 pm
1 io
.#:500
b .1),,.
uo & £2OO l5 10 15 Pm
Dn. Account
'llk of Euglan Vd
Stock, 4 per Cent 251
7 IN-1,,,
Inn: „----..x (3,OTERNMENT SECtiItiTIEY.
1.0--. ,IocC,li, 101 per Cent., April 1874
00. ~5, li'
11`)-1- 12
bo 4 per Cent. July, 1880
1021 i 2
13 ' 4„ Pet• Cent., Oct. 1888
o°. uertificates —
00,°: ....'nfaced Paper 4 per Cent B7l
1) 0
'upper ont., Jan. 1872
Ito
108
b • Cent., May 1879
o 5 per 0, t P D 4 1872
DCent., 0., alp. ._. ~
o.
do. 1877 —
[to,to L°' do. 188-,
105
iii)th., 5
rper Cent., Aug. 1873
pm
k
.I)Mott
s 5
per Cont., £l,OOO
O*
"4" Xl,000
A.r.. k:QUEIGN FUNDS—CLOSING PRICFS.
,ent,„
A11t:,.. lie-"epublie,
."413. Bcacis, 5 per Qva, im •',,,,m 6(31