The Sun.
London, England, 1868-01-21 00:00:00

HONE/ MARKET

AND
COMMEROIAL INTALLIGIINCH,

CITY, Two O'CLOCK.

The Stock Markets are dull, without any material
change in price, except in some of the Foreign Stocks,
especially Indian, owing to the nature of the state-
ment put forth by the Finance Minister. The Funds
and most of the leading Railway stocks retain the
improvement established during the later hours yes-
terday. The present dullness is in a great measure
attributable to the weather, which has become cold
and wet.

The discount demand remains inanimate, in spite
of the current rate for the best bills being i per
cent. below the official minimum.

Consols are steady at 928 to 93 for money and
account. New and Reduced Three per Cents., 93
to 938. India Five per Cents., 1111 to 1121.
Bank Stock, 212 to 244. Exchequer Bills, 225. to
278. prem.
In Foreign Stocks Mexican Bonds are 1 better,
158 to 151. Italian, on the other hand, are f lower,
at 424 to 428 ; and in Spanish there is a relapse of
per cent., the price being 358 to 351. Greek
Bonds are 12 to 128 ; Turkish (1865), 301 to 301 ;
Portuguese, 21 to 28 prem. ; and Egyptian Rail-
way Debentures 92 to 921.
The New Honduras Loan is steady at f to 18
prem., ex coupon.

American Securities are dull. United States'
5-20 Bonds are lower, at 711 to 72 ; Erie Shares
higher, at 48 to 49 ; Illinois, 85 to 86.

Atlantic and Great Western Railway Debentures
remain at 24 25 ; and the Consolidated Mortgage
Bonds 24 to 25.

There is little or no change in railways. Sheffield
have declined +, and Great Western 1. Caledonians
are + better, and Metropolitan The quotations
current are :—Lancashire and Yorkshire, 1234 to
124+ ; Midland, 1041 to 1044 ; South Eastern, 68
to 681; London and North-Western, 1164 to 117;
Great Northern, 1061 to 1071 ; Great Northern A,
1081 to 1091 ; Sheffield; 444. to 444 ; Brighton,
461 to 47 ; Metropolitan, 1174 to 118+ ; Cale-
donian, 754 to 75! ; Chatham, 18 to 181 ; Great
Eastern, 291 to 291 ; Great Western, 461 to 47.
Lombardo-Venetian Railway Shares are 131 to
131 ; Great Indian Peninsula, 1071 to 1081 ; East
Indian, 1081 to 1091 ; Grand Trunk, 144 to 15+ ;
and Great Western of Canada, 16 to 164.
London Financial Shares are 231 to 221, and
Consolidated, to I prem.

CITY, TWELVE O'CLOCK.

There were no bullion operations at the Bank of
England yesterday.
The Deutschland, from New York, brings £85,750
In specie.

The shipments of gold from Australia for Great
Britain during December last amounted to £102,000.
The prospectus of the Hungarian Loan has been
issued for France, and subscriptions will be opened
on the 23d inst. in Paris, Pesth, Buda, Vienna,
Frankfort, Amsterdam, and London. The number
of obligations issued will be 709,380, at the price
of 215 francs, repayable in fifty year's, at 300
francs ; each obligation bearing, an annual interest
of 15 francs, so that the loan is a 5 per cent. loan,
Or, if allowance be made for discount and other
advantages offered to subscribers, it will pay 7 per
cent.

• The directors of the Consolidated Bank have issued
their half-yearly report. There is a net profit of
£27,263, and, adding the previous balance, there is
X 35,451 for distribution. After paying a dividend
at the rate of 5 per cent. per annum, adding £3,100
to the reserved surplus fund, and £lO,OOO to the
special reserve fund, a balance is carried forward of
X 2,351. Mr. Murray Gladstone succeeds the late
Mr. Aspinall Turner as director. The dividend is
Payable on February 1.
A proposed dividend of £1 2s Cd per share has been
Ll9,Teed to by the shareholders of the Bradford Old

The death is announced of Mr. Bennett, secretary
to the Bank of Scotland.
From the ithportant report of Messrs. Turquand and
Harding, official liquidators of Overend, Gurney, and
Company, concerning the progress of the liquidation
and its ultimate result, we make the following
extracts

At the date t,".' the suspension of the company, the
liabilities amounted to £18,727,915 13s Bd. On the 25th
February, 1867, the date of our last statement, they had
been reduced to £3,640,655 16s 7d; and it will be
found that at the 31st December they had been
further reduced to £1,190,855 41 Bd. The cre-
ditors at the date of the suspension were 1755
in number ; they have now been reduced to 1243.
The total amount distributed by us by way of dividend
or otherwise, including moneys paid to redeem and
Maintain securities, and including also the proceeds of
securities held against bills, which with other moneys
were specially applicable, has been £3,796,206 3s 6d.
The total amount paid by contributories in respect of
the two calls has been £1,548,790 7s sd, and of that sum
4003426 9s ld has been paid during the past year.
To the 31st Docember last, the total receipts, including the
Darnents by contributories have been £3,837,973 is 7d.
The unpaid calls will, we believe, produce £89,907 8s 10d,
natnelY, £21,867 Os 5d in respect of the first call, and
468040 8s 5d in respect of the second call. The
securities held by creditors are estimated to produce
£68,354 185, leaving a probable surplus of £25,452 18s Bd.
The bills rediscounted which are still in the hands of
creditors are estimated to produce £150,070 3s 41, leaving
a probable surplus of £64,976 lls 7d. The total value of
the remaining assets, as now estimated, is £1,681,221 4slod,
being £618,361 11s 3d in excess of the balance of indebted-
ess, exclusive of interest. We have reason to hope that
FY the end of the current year very nearly the whole of the
Indebtedness of the company will have been discharged.
The report of the directors of the Lond Finanial
rA-ssociation has been issued. The liabilities arec re-
dUced to £240,000. During the past year seven rail-
ways, in which the Association is interested to the
extent of £400,000, have been opened, and the board
will continue the policy of developing the several pro-
iects of the company.
To-morrow (Wednesday) an instalment of 15 per
cent. is due on the Egyptian Railway Loan.
The directors of the St. John del Rey Mining Corn-
PanY (Limited) have received the following report,
dated Morro Yam, 17th December, 1867 :—" Pro-
duce for November, 06,323 oitavas from 5,523 tons of
ore ; yield 6.149 oitavas per ton ; cost for November,
4'B 841 ; profit for ditto, £5,235 ; produce ten days
°,f liecember, 2,440 oitavas ; yield 1.214 oitavas per

The receipts of the Cape Railway Company for the
month of November amounted to £3,140 3s Bd, being
X 73 14s 9d less than last year.
The Russian Credit Foncier Company, under the
Dionorary presidency of his Imperial Highness the
Grand Duke Constantine, has concluded a contract
With Messrs. Rothschild for negotiating mortgage
bonds to the amount of fifty millions of roubles.
In a lengthy and useful review of the wool trade of
4867, Mrs elmuth Schwartze thus refers to the
prospects of 18G8 :—Trade is perfectly quiet, and
feney continues to lie idle. What we know of the
future is, that, from the chief sources of pro-
duction, the English colonies and South America,
the supply of wool will again show consi-
derable increase. To meet it we have large stocks,
a stationary consumption, wheat 45 per cent. higher
than the average of the three preceding years, and a
Dad trade. The revival of business must be very
great and sudden to equalise this great disproportion ;
we see no prospects of its taking place on so large a
scale, and therefore look forward to a dull year and a
continuance of low prices."

BIIITISI FINDS—TWO °AMUCK.
. GOVERNMENT FUNDS.
u Der tie t. Consols
DO.A Account, Feb. 6 921 3
s'Per Cent. Reduced 931'3
New 3 per Cent 93 I
"El, 21 per Cent. Jan. 1894 751
1) 0. 5 per Cent,. Jan. 1873 —
Annuities, 80 yrs, expire sth Jan., 1880 — - :::
D.„O. for 30 yrs, expire sth April 1885 —
11 "0 (Red Sea Telep,raph), Au,,., 1908 —
-"Kelloquer Bills, £l,OOO, 2& 21 per Ct 26 pm Do £5OO —pm .
b Do. £lOO & £2OO —Pm
'lank of England Stock, 41 per Cent —
1)0. Account
1 INDIAN GOVERNMENT SECURITIES.IiaII stock, 101 per Cent., April 1874 215
DO. Account
~`"°. 5 per Cent. July, 1880
DO. 4 per Cent., Oct. 1888
Do. Certificates
Do. Enfaced Paper 4 per Cent B7
•_,''''. 5 per Cent., Jan. 1872
-,-,-°. 5 per Cent., May 1879 lOBl 8
-1-10. sper Cent., Rep. Deb., 1872 —
Do.do. 1877 —
, Do. do. 1884
'JO Deb., 5 per Cent., Aut. 1873
Do. Bonds, 5 per Cent., £l,OOO
r)0. under £1,000
grgotai
no Re FEIGN FUNDS—TO O'CLK.
OR
public, 6 per CentW
OC
ustrian Bonds, 5 per Cent. 1859
Up. 41 per Cent., 1852-58-60
.7, Do 1863 -
4-1,0. 5 per Cent., 1865
L'e Account 761 1 7
bN. £lOO Bonds — ".11 ,
ellos Ayres 6 per Cent _
D° 2.per Cent. (Deferred 3 per Cent.)