The Sun.
London, England, 1868-02-08 00:00:00

MON t LIARKET

AND
00 IMERCIAL TZLIAGXNCS.

CITY, Two O'CLOCK.

The Stock Markets are exceedingly quiet. The
Only change from yesterday's final quotations is a re-
lapse in tho prices of several railways, a condition
attributable to the absence of business from the
public. The Funds remain at the final prices of
yesterday. Foreign Stocks are unaltered, but most
of them retain a considerable degree of firmness.
The Discount Market is very quiet, at 1i per cent.
for the best bills. •
Consols are without change, at 93f to 93 for money
and account. New and Reduced Three per Cents.,
93} to 93a. India 5 per Cents., 112 to 112 i. Bank
Stock, 248 to 250. Exchequer Bills, 20s to 25s
nrem.

•
The Foreign Stock Market is steady. Mexico,'
Bonds are quoted 13 to 13i ; Greek, 13 to 13 ; New
Spanish 36,9. to 36i ; Turkish (1865), 33 to 33k ;
Italian (1861), 431 to ; Chilian (1867), 92i to
93i ; Egyptian Railway Debentures, 93 to 94 ; the
Viceroy's Loan, 76f to 761; and Portu:.,uese, lg to 1
prem.

In Colonial Bonds there is not a single variation.
Ltnada Six per Cents. are quoted at 99 to 101 ;
Mauritius Six per Cents., 86 to 87 ; New South
Wales Five per Cents., 99 to 101 ; New Zealand Six
Per Cents., 108 to 110 ; Queensland Six per Cents.,
1034 to 104} ; Victoria Six per Cents., 110 to 111.
The new Honduras Loan is steady at / to 1f prem.
In American Securities United States Five-Twenty
Bonds are steady, at 71i- to 71i ; Erie Railroad are
better, at 47k to 471 ; Illinois unaltered, at 81
to 88k.

Atlantic and Great Western Railway Debentures
remain at 27 to 28, and the Consolidated Mortgage
Bonds at 241 to 25±.
Railways are being realized, and there is conse-
quently a falling off in quotations. There is a relapse
of .11 in Caledonian, at 77 to 77i ;of in Great Eas-
tern, at 30 to 30k ;of in Great Northern, at 109 i
to 1101 ; and in Great Northern (A), at 110 to 111 ;
of in London and North Western, at 118 to 118? ;
and of k in Great Western, at 46/ to 461 ; in South
Eastern, at 701 to 71± ; and in Midland, at 106± to
1061. 'Lancashire and Yorkshire, 116 i to 1061 ;
Brighton, 46 to 46i ; North Eastern, 105 to 106 ;
and Metropolitan, 109/ to 1091. Sheffield are firmer,
at 431 to 431.
In Bank Shares there is no feature, and prices have
scarcely altered. Agra (A. shales) are quoted at 11
to • Union of London, 33i to 3412, ex div. ;
London 'Joint Stock, 33i to 34i ; London and West-
minster, 67hto 68k, ex div. ; London and County,
52 to 54 lmperial Ottoman, 1 to / dis. ; Imperial
Bank is * higher, at 17i to 18 ; Consolidated, * to
prem. ex div.
Finance shares are quiet, and the only variation is an
improvement of 1-16th in General Credit, which have
been enquired for at 2a to 211 dis. •ex div. Credit
Foncier, 3 to 3±. Egyptian Trading' 41 to 4k dis.
International Finance, 2 to 1/ dis. ex div.
Miscellaneous securities are steady. Anglo-
American Telegraph is quoted at 19i to 19R- ex div.
Atlantic Telegraph 8 per Cents., 5 to 5i ; ditto 10
per Cents., par to ± prem. London General Omni-
bus, Itl to 1k ; National Discount, 11 to 11/ ; Find-
son's Bay, 141 to 15.
The annual meeting of the West India and
Pacific Steamship 'Company has been called for the
17th inst., after which the meeting will be made
special for the purpose of passing a resolution to
reduce the capital of the company from £1,250,000
to £625,000, to be represented by 23,000 shares of
£25 each.

The ordinary general meeting of the London Tavern
tiompany has been tailed for the 24th instant, for the
purpose of receiving tho directors' report and state-
ment of accounts.

The half-yearly meeting of the Kingston-upon-
Thames Gas Company has been convened for the 26th
instant, to receive the directors' report and to declare
a dividend.

The sum of £145,000 in bar gold and coin was .
taken from the Bank yesterday for export.
Tenders are invited for Wednesday, the 19th inst.,
101` £200,000 India Council Bills on Calcutta and
Madras.
It is announced that the business of the Scuth Aus-
Lralian Banking Company is now conducted under the
title of the Bank of South Australia, in accordance
With the new charter of incorporation, for which a
certificate has just been granted by the Lords Com-
Inissioners of her Majesty's Treasury bringing it into
immediate operation.
At the annual meeting of the New Zealand Loan
and Mercantile Agency Company (Limited), held
Yesterday, the report and accounts were adopted. A
dividend at the rate of 10 per cent. per annum was
declared. £5,000 was carried to the reserve fund ;
and £1,022 13s 10d to the next account.
Messrs. J. Waddell and Company, accountants,
nave removed to New Poultry Chambers, 7, Poultry.
The North Eastern Railway dividends are 6 per
cent. per annum ou the Berwick, 5} per cent. on the
*York, 31s- per cent, on the Leeds, Carlisle 8 per cent.,
and Darlington 8* per cent.
The following is Messrs. Durant and Co.'s Silk
Circular, dated Feb. 7 :—" We have to report an
extremely quiet market in silk—hopes have been
entertained from time to time that a revival was at
hand, but thus far all have ended in disappointment.
We have had occasional forced sales at continually
easier prices, but all has hitherto failed to draw out
buyers. In the meantime stocks have rather in-
creased. This, however, is scarcely likely to continue,
Yre may have another month of comparatively large
arrivals, but after that we may reasonably expect
a
1 see more or less gradual diminution in the stocks.
During the last two or thee days we have had more
frequent inquiries, leading to the belief that buyers
are anxiously watching the market with a view to
purchase as soon as they feel the moment for action
htas arrived, but thus far we have a very small
4.7iisiness. The deliveries are upqn the limited scale of
t e last six months, in some measure to be accounted
for., by the direct importations to the Continent..
"pan silk shares are generally quiet, although the
Stock has been gradually shrinking and is now really
!swan. In Bengal silk we have nothing of moment
---the deliveries are comparatively favourable. The
'iext periodical public sales are fixed to commence
en the 19th inst.
The directors of the Panulcillo Copper Company,
Limited, have issued a circular containing the results,
!9_ far, of the investigations of the manager. Mr.
Lieatley
speaks in high terms of the efficiency of
everything connected with the working of the mine,
and States the production to have now reached the
rate of 400 tons of pure copper per month, with
eighteen furnaces at work. Mr. Eleatley calculated
that,l with a price of $l4 per qtl. for bars
In Chili (equal to a sale price in England of £7O per
t, with freights at £4, and exchange at 47d) the
t;!nPany would work at a profit. And since making
fie calculation Mr. Heatley had concluded an agree-
ment with the Coquimbo Railway Company, which
_7_lll result in a saving of £12,000 to £14,000 per
annum ; in consequence of these and of other econ -
les he counted on a total reduction of some
£20,000 on this year's working charges.

A GIGANTIC CommrrioN.—The iVava/ and Military
‘lazette, alluding to the statement of the Invalide Busse,
that "the orders of the Russian Government to public and
private manufacturies were so given as to insure the com-
Pletion in the course of 1867 and 1868 of 800,000 new rifles 1"
exclaims : "Eight hundred thousand new rifles in two years 1
flow shall we stand with regard to this matter at the end of
this year of grace 1868 ? Shall we have by that time half
the number of Snider rifles that Russia will have of the
Marl pattern? Not one half at the rate we have
been going on ; though it is impossible to believe that
these vast military preparations are undertaken with so
much energy without some ulterior purpose in view. France,
,too, even before the Chassepot had done wonders' at
"•orue, was pressing forward in the race, and will soon,
foevery respect, complete her military preparations
rwhatever may be said to the contrary—the
g_reat struggle that is impending over Europe. Our
7rnest wish, and that of the country, must be that we
should he prepared for anything that might happen ; that
Seale,
eeshould be able, not only to defend our own in case of
but also to throw our weight, if necessary, into one
our
of other of the European balance, in order to defend
Del.c "11 interests, or else to maintain the sacred cause of
140' e ; but to do this we must be fully prepared—infinitely
te so than we are at present—to meet every aggressor."

BRITISH FUNDS CLOSING PRICES.
ft
I3OVIZRNMENT FUNDS.
Per Cent. Consols
13°. Account, March 5 93 1
~,,Per Cent. Reduced 031 I
iloe7v 3 per Cent 93, I
21 per Cont. Jan. 1894 —
4 --°. 5 per Cent. Jan. 1873 —
'l,hrluities, SO yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth AprillBBs —
(Red Sea Televaph), An„., 1908 —
tchoqouer Bills, £l,OOO, 2 & 21 per Gt — pm
D
£5OO — pm
ta k -D,°- £lOO & £2OO 2O pm
til -0. oAccEt ngland Stock, 41 per Cent 249
ount
1,, bIDIAN GOVERNMENT SECURITIES. , ..tk..,,Niloolt.l,,Ateoccokti,rof per Ceut., AprillB74 2lO
1:11.)00.. 40,evirtizneCeinntetts:, J117:11888880
^'loll
b • b.utaced Paper 4 per Cent —
0* 5 par Cent., Jan. 1872
I:1°' 51 Per Cent., May 1879 —
° 5 por Cent., Rup. Deb., 1872 —
, 1.)))°0. do.. 1877 —
4.)01 , * do. 1882 lO3l
Do, 'Ja., 5 per Cent., Aug. 1873
1.,°. Bonds, 5 per Cent., £l,OOO
*lO. Bonds, 5
pm
L rOREIGN FUNDS—CLOSING PRICI S.
%T all 804 perC Cent _
per ent., 1859 —
lic: do., 18-8 _
1, • do., 1840 —
4'c)* do., 1863 671