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

110. Y .111ARKET

AND
COMMERCIAL INTELLIGENCE,

Cur, Two O'CLOCK.

The stock markets are steady, but not so firm at
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,
on the other hand, there is less tone. Italian
(1861) Bonds, which yesterday touched 4.5 i
buyers," hive this morning been 45;1. Egyptian
are likewise offered. Erie Railroad shares
enitinue to.decline in response to the prices from New
York. The funds are moderately active.
The discount demand is steadier. The rate is 11
per cent., with exceptional transactions at 1i per
cent.
Consols are firm at an advance of being quoted
at 04 to 9:3f for money and account ; New and
Reduced Three per Cents., 93i to 93;i ; India Five
Per Cents. 112 to 1121- ; Bank Stock, 248 to 250 ;
Exchequer Bills, 12s to 17s prem.
Forei;,in Government Securities are for the most
pert dull. Brazilian 1865 Bonds at 74 to 75, are
Per cent. higher, forming the only exception ;
:Egyptian are flit, the Viceroy's Seven per Cents.,
:1114 the Midway Debentures being 1 per cent.
lower ; Turkish (1865) and Mexican have
declined k. The quotations are : Mexican,
15,E to 15 ; Greek, 121- to 121; New Spanish,
36i to 36;; Italian, (1861), 45- to 45i ; Turkish
(1865), 32i to 33 ; Peruvian, 76 to 77 ; Russian
(1862), 84 to 85 ; Egyptian (1864), 87 to 88 ; ditto,
Seven per Cents., 731 to 741 ; ditto, Nine per Cents.,
882 to 89k ; and the Railway Loan, 901 to 9115.
Colonial Bonds are without change. Canada Six
Per Cents. being inquired for at 98 to 100 ; ditto
Five per Cents., 85 to 86 ; Mauritius Six per Cents.,
194 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
Per Cents., 110 to 111.
In American Securities United States' Five-Twenty
Bonds are firm at 71 to 711, being an improvement
°L. a ; Erie Railroad flat, at a decline of /, being
quoted at 431- to 44k, while Illinois are 1 better, at
88 to 89.

le 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
Light, Caledonian are a further -12 higher ; Great
estern, 4 ; and London and North Western, and
Brighton, k each. South Eastern, Great Eastern,
and Sheffield are rather weak. The quotations
current are :—L.incashire and Yorkshire, 1291
to 1.),
; Midland, 1082 to 1091 ; South Eastern,
'4l to 74:4' ; London and North Western,
1191 to 120/ ; Great Northern, 103 to 109 ; ditto
108! to 1091 ; Great Eastern, 292 to 30/ ; Great
Western, 46 to 464 ; Brighton, 46/ to 46:2 ; Shef-
field, 41 to 42 ; Metropolitan, 1131 to 1132 ; Cale-
donian, 851 to BG. ; and Chatham, 181 to 19±.
Bank Shares are quiet. London and Westminster
-; better, at 61 to 681; while London Joint Stock
is F lower, at 32. to 3:4 ; Union of London, 331 to
34 ; Alliance, 131 to 12)1 dis. ; Agra (A Shares) 10i
to 11/.
Foreign Mining Shares are steady. St. John Del
Rey, 17 to 19 ; Port Philip, 11 to lir ; Chontales,
l& to 1 dis. _

The -transactions in Miscellaneous securities are
very limited. Anglo-American Telegraph is higher,
at 19g- to 19 ; Atlantic Telegraph Eight per Cents.,
si', to 5,1 ; Hudson's Bay Clower, at 141- to 14i ;
London General Omnibus, 11; to 2.
The ordinary general meeting of Greenwood and
Company (Limited) has been called for the 6th March.
T A meeting of the shareholders of the Mosquito
•Nand Securities has been convened for the 4th March,
to receive the report of the committee formed at the
meeting in October last.
Including the. operations yesterday, there has been
withdrawn from the Bank since the last return
4110,000 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.
Mr. John Jones, of Green-lane Furnaces, Walsall,
and at Bullfield Works, Netherton, coke and iron
Inaster, has suspended payment. The stoppage is
attributed to the depression of trade in South Stafford,
'hire, 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 (mouth Wales)
Stock at the rate of 31- per cent. per annum ; ou
Great Western Original) Stock at the, rate of 14 per
cent, per annum ; on Great Western (West Midland,
Newport) Stock at the rate of 15s per cent. per
annum ; on Great Western (West Midland, Oxford)
Stock at the rate of 12s 6d 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
,i
circular :—" The unsettled state of political affairs in
k.
had a prejudicial effect on United
stanteersi ca has
Government Bonds during the past week, the
5,..-20 Bonds of 1862 having receded at one time to
but from this price there has been a re-
action to-day, and they close strong at 71i to
!Ii- The 1865 issue were sold down to 70/, but have
unproved to-day to 70R- to 70g. The chief feature
of the week has been the heavy fall in Eries, the
lower quotations from New York with a simulta-
neous rise in the premium on gold bringing in nume-
rous sellers, so that from 49A there was a rapid decline
434, from which point they have rallied to about
IllinoisTentral have been comparatively steady,
and exhibit little alteration from this day week.
Atlantic and Great Western Divisional Bonds are
steady, with a fair inquiry ; but Certificates of
Debenture, at 26 to 26k, show a decline of
Per cent..
Mthey n
J. S. Morgan and Co. have notified that
will pay the coupons, due Ist March on the
bonds of the Erie Railway Loan of 1865, £BOO,OOO.
Midland next ordinary meeting of the proprietors of the
0 miand and Eastern Railway Company will be held
o the 25th day of March.
The death is announced of Mr. John Herapath, the
;ell-known proprietor and editor of the Railway
ttee,
(!ifernal.ford Bridge expired yesterday at his residence,
C
in Kent. Few men earlier perceived
tendencies of the existing mode of railway legisla-
tion to encourage the formation of superfluous branches
and extensions. Mr. Herapath had attained an ad-
vanced age. -
A meeting of the creditors of Macnab and Co.,
Tengineers and shipbuilders, Greenock, was held on
uesday, at Glasgow, James Morton, Esq , in the
chair, when there was a large attendance. Esq.,
Mon-
cried' Mitchell, C.A., Glasgow, was nominated trustee
by a majority of £lO,OOO against Mr. James Welsh,
accountant, Greenock, who was also proposed for the
office- 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, sc.,
currentc at the settlement now in progress :
(i'ledanian Railway ... to s back, closing 4to I.
eat Eastern 1-16 ton contango, closing 1.16
Ditto
Northern .
4-otto A •. 3-16.
••• I 4
to do.
''• to 4 do., closing 3.16 to 5.16
Leeds contango.
Sto
.404,100 •.• ••• tO back.
andck
N. Western... even toil contango, closing to
great I back.
Western 1-16 to 3.16 do., closing 4 to
ki6lan do.
... 1-16 to 3.16 back, closing I to
!Wet back.
-'cnierd
r°l3°litan to back, closing 4 to back.
to contango, closing 3-16 to
terwic,_ 5.16 contango.
hefte)7lB.. ..; ... even to 4 contango.
1-16 to 3.16 contango, closing
North 3-16 to 5.16.
British ... even to 31 do.
GreGr esternof Canada... 6d to 9d contango.
154 an T
-rigildtornok of Canada... 6d to is Od do.
even to do.

1154,,Q,.0,vttiisTizINSTIliruFNUDNELDS—TWO O'CLOCK.
gni 2i 3
'IS' ueot. Consols
931 3
Neere• Account, March 5
931 /
~...Poot. Reduced
931
Nov- a per Cent
i 2,1 per Cent. Jan. 1894 —
Ah °' q per Cent dan. 1873
't,riities, 80 y .expire sth Jan., 188 P — 'O. for 10 srs'axexipre sth April 1885 —
""
(I
Yr
' P ) ill . 1908 1
w ,e(1 Sea Telehraph , 4 v
pn
'',:luer Bills, .Zl,OOO, 2
per GE.
___ pm
.00
£5OO
15 Pm
11 1.)0. £lOO & ..E2OO
251
tUk of E 41 per Cent
Do ug,land Stock, .
. Account ...
orb/. ...
Itic.,lioa.eito'clilt, 107pEeRr"CleE1117. , SAEperuilßllBT44" —
-'1.,, . ccount
1121- 12 1
bo' 4 per Cent. July, 1880
1021 i 2
121 ' 4 Pe.r Cent., Oct. 1888
Do, Certificates —
jt-310 Enfaeed Paper 4 per Cent
_
12,°• 5 Per
Cent, Jan. 1872
ICB
bo' .i• Per Cent., May 1879
0 Per Cent., Rup. Deb., 1872 —
Do.
Do
do. 1877 —
.i.,
_
....,o, BB2
Do p 0 5 per Cent., Aug. 1873
,' •
11'end3, 5 per Cent., £l,OOO pm
4.10 r X1.00(1
pm
Ar c,,,. POIIIgICIN FUNDS— TWO CLOCK.
4.,_
:, 4 0.11
Republic, 6 per Cent _
43 ria)1130143, 5 per Cent, 1859