The Sun.
London, England, 1868-01-28 00:00:00

FRANCE.

BOURSE, JAN. 27.—Transactions very few, yet
prices are generally well supported.
Three o'clock.—The market closed as follows :
Bank Shares 3240
Ital'am Loan
End of month 42 90
Mexican Loan
Do. Bonds
Spanish Threes
Homo Debt
Deferred 3l 50
Account.

4 per Cont.
End of month —
3 per Cent
End of month 6B 32
Credit Mobilier 170
End of mouth_ 170
Credit Fonder l3r'o
End of mouth 13S

RAILWAY

Orleans
Northern 1155
Lyons and Mediterranean
Southern..... 5381
Western • 5631
Eastern 6.1 5371
Sardinian
Austrian
Lombard 3521:
North of Spain
Saragossa
Roman 4B

THE FORTY-EIGHTH .111IDDL.43EX

IiIFLES.

M OZ4 Y. MARKET

AND
INTELLIGENoBb

CITY, Two O'CLOCK.

The Funds show much steadiness, and they are
apparently firmly held, though for the present no in-
vestments of importance are being made. As to rail-
ways, they are prejudiced by the report of the Brigh-
ton directors, and by the closing of engagements in
anticipation of the settlement which commences to-
morrow. The decline, however, does not average
more than per cent. Foreign Stocks, more espe-
cially Spanish New Threes, are better. The French
Loan proving less than was expected has disap-
pointed the expectations of adverse operators in
this market.

The Discount Market continues very quiet, and
supplies are undiminished. At the Bank there is
literally no business, and the principal houses are in
vain offering discounts at 11 to 1-1 per cent.
Consols are steady at 93f to 93f for money
and account; New and Reduced Three per Cents.,
93f to 933. ;India Five per Cents., 112 to 112 f ;
Bank Stock 1 better, at 241 to 247 ; Exchequer
Bills, 235. to 275. prem.
Foreign Stocks are firmer in sympathy to some
extent with continental prices. The French Loan was
expected to depress the market ; but just the reverse
has occurred, and the " bears" will now be buying
back. New Spanish Three per Cents. are I to
per cent. better, at 351 to 35k. There is an ad-
vance of I in Brazilian, at 77 to 78 ; and off in
Mexican, at 152 to 16f ; in Greek, at 12} to 13 ;
and in Italian (1861), at 421 to 42j; Turkish (1865)
are steady, at 31f to 31f ; and Portuguese, 2k to 22
prem.

The New Ilcrnduras Loan is steady at to 1
prem. ex coupon.

In American Securities United States 5-20 Bonds
are it lower, at 71! to 72 ; Erie Railroad, worse,
at 49 to 50, while Illinois are quoted at BGf to 87i,
being higher.

Atlantic and Great Western Railway debentures
have risen to 24} to 25k, and the Consolidated
Mortgage Bonds j, to 221 234.
English railways are heavy, in consequence of the
constructions put upon the reports so far issued,
and the adverse rumours so industriously circu-
lated in regard to others yet to come. There is
a fall of in Brighton, at 451. to 461, of lin
Sheffield, at 42i to 431, and Caledonian at 754 to
76f ; and of if in South Eastern, at 671 to 681 ;
in Metropolitan, at 115/ to 1161 ; and in Great
Eastern, at 30k to 304. Great Northern Old and
A Stock is better, the former being 107 to 109,
and the latter 108 to 109. Lancashire and York•
shiro are 1251 to 1251 ; Midland, 104 k to 105 ;
Loudon and North Western, 1171 to 1174 ; Great
Western, 461 to 4641 ; and London and South Wes-
tern, 79 to 81. •
London and St. Katherine's Dock Company's
stock is better, at 49 to 50.

CITY, TWELVE O'CLOCK.
There were no bullion operations at the Bank of
England yesterday.

The America, from New York, has brought £9,000
fu specie. _

The Hungarian Loan is still regarded in this market
with little or no favour, and the dealers in the Stock
Exchange appear to be disinclined to deal in it. It is
thought, however, that the French Loan will not
interfere with the success of the operations in Paris. In

that market it seems to have been well received, for it
is stated that the Societe Generale has already received
subscriptions to double the amount that had been anti-
cipated.
The adjourned meeting of the Brazilian Land and
Mining Company, to be held on the 31st, will be
only pro forma, for the purpose of further adjourning
the meeting until the 28th February.
The Credit Foncier of Russia, under statutes ap-
proved by imperial ukase in November and December
last, has obtained power to issue bonds to the amount
of ten millions of silver roubles, bearing 5 per cent.
interest made out to bearer, the interest of which
is to be payable in January and July in Lon-
don, as well as in all the great financial
centres of the Continent. ' In the first instance
only five millions aro issued of 100 silver roubles
each bond. The security is the floating capital
of the company, its reserve, its social capital, and the
guarantee of all the property hypothecated by the
company, and the bonds as well as the coupons are•
printed in five languages—Russian, German, French,
Dutch, and English. The subscription, which opens
on Thursday next, is fixed at 75k per cent. for Russia,
57 4-sths per cent. for Holland, 76 per cent. for Bel-
glum, and 76 per cent, for other places ; and
the bonds are to be paid off at par in fifty-six years
by amortisation, the first drawing to take place in,
May next.
Messrs. Barings have received a remittance ot:
.£697_Bs lld on account of New Granada dividends.

A dividend, at the rate of 10 per cent. per annum,
was agreed to at the meeting of the Liverpool
Adelphi Hotel Company.
At a meeting of the shareholders of the Manchester
Bonding Warehousing Company, held yesterday,
a dividend was declared of 15s per share (£24 paid)
for the half year ended 30th September last, after
paying which a balance of £1,465 3s 3d will be carried
forward to the credit of profit and loss account.
The following paragraph is from the report of the
London and Provincial Maritime Insurance Company :
—" The other side of the account shows that after
the payment of all losses and claims relating to the
past and previous years, to the extent of £108,547
17s ld, the working expenses of the company, and
interest amounting to £lO,OOO paid to the share-
holders, there remains a balance to the credit
of income and expenditure of £68,358 14s 3d,
in addition to the Capital and Reserve.
The directors, with the concurrence of the auditors, as
a matter of precaution, consider it prudent to provide
against any depreciation in the value of investments,
and therefore propose to charge the accounts with the
sum of £5,000 for this purpose. It is with satis-
faction that the directors can report that the class of
the business for the year 1867 has been highly satis-
factory, and of such a character as to enable them to
recommend to the meeting the payment of interest
for the half-year at the rate of ten per cent. per
annum free of income tax."
It is announced that Mr. A. C. Guthrie has retired
from the firm of Messrs. Chalmers, Guthrie, and Com-
pany, and that Mr. T. Ranken has become a partner.
The time for receiving applications for then Ten per
Cent. Preferential Stock of the Atlantic Telegraph
Company has been extended to the 24th of February
inclusive.

We understand that a larger number of passengers
than usual are proceeding to New Zealand and Aus-
tralia, via Panama, by the steamer leaving Southamp,
ton on the 3d of February.
The traffic receipts of the Erie Railroad Company
for December were £208,330, being .£lOO in excess
of those of the corresponding period last year.
The Cape of Good Hope Steamship Company have
received the following telegram from Madeira, via
Lisbon :—" Steamship Kaffraria, with the Cape mails
and passengers, arrived and proceeded on the 13th of
January."

BRITISH FUNDS CLOSING PRICES.
GOVERNMENT _FUNDS.
5 per ()out. Consols
Do. Account, Feb. 0 931
3 per Cent. Reduced 931
New 3 per Cent 93
New 21,- per Cont. Jan. 1894 —
Do. 5 per Cent. t., an. 1873 —
Annuities, SO yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 —
Do (Red Sea Telegraph), Aua ~ 1908 —
E Echequer Bills, £l,OOO, 2 &2k per Ct 23 pm
Do £5OO pm
.
Do. £lOO & £2OO pm
Bank of England Stock, 4-1 per Cent —
Do. Account
INDIAN GOVERNMENT SECURITIES.
Indian took-, 101 per Cent., Apri11874... 215
Do. Account
Do. 5 per Cent. July, 1880
Do. 4 pee Cent., Oct. 1888
Do. Certificates —
Do. Enfaced Paper 4 por Cent —l
Do. 5 per Cent., Jan. 1872
Do. 54 per Cent., May 1879 lOB4
Do. 5 per Cent., Rup. Deb., 1872 —
Do. do. 1877 —
Do. do. 1882 —

Do Deb., 5 per Cent., Aug. 1873 —
Do. Bonds, 5 per Cent., £l,OOO.
Do. under .£l.000
FOREIGN FUNDS—CLOSING PRICES.
Argentine Republic, 6 per Cent —
Austrian Bonds, 5 per Cent. 1859
Bra.3,ilian 5 per Cent —
Do. 4i per Cent., 1852-58-60
Do. 1863
Do. 5 per Cent., 1865
Do Account 771 1
Do. £lOO Bonds —
BueLos Ayres 6 per Cent —
Da 2 per Cent. (Deferred 3 per Cent )
Cuba, 6 per Cent.
Oniiian 6 per Cent —
Do. 43 per Cent —
k,o. 6 p.:r Cont., B .
Do., 1867
Do., 7 per ,Cent., 1866
- Do., Scrip .£32 paid
0 )Hoibian, 6 per Cent.
Danish, 3 p,3r Cent., 1825
Danubian Principalities, 7 per Cent —