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

MON.rnZ MARKET

A NJ)
COINERCIAL 7NT ELIJOY4 i.'" II

• CITY, TWO O'CLOCK.
The Stock Markets are exceedingly quiet. The
only change from yesterday's final quotations is a re-
lapse in the 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 Stooks are unaltered, but most
of then retain a considerable degree of firmness.
The Discount Market is very quiet, at 11 per cent.
for the best bills.
Consols are without change, at 93,} to 03i for money
and account. New and Reduced Three per Cents.,
0311 to 93k. India 5 per Cents., 112 to 112 i. Bank
Stock, 243 to 250. Exchequer Bills, 20s to 25s
brem.

The Foreign Stock Market is steady. Mexica
Bonds are quoted 13 to 13i ; Greek, 13 to 13. ; New
Spanish, 3611 to 36:4 ; Turkish (1865), 33 to 331 ;
Italian (1861), 431 to 432- ; Chili an (1867), 92 to
• Egyptian Railway Debentures, 93 to 94 ; the
Viceroy's Loan, 76i to 762; and Potttk,uese, 1i to Ift
'Prem.

In Colonial Bonds there is not a single Sariation.
Ulnada Six per Cents. are quoted at 99 to 101 ;
Manritins 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.,
1031 to 104 k ; Victoria Six per Cents., 110 to 111.
The new Honduras Loan is steady at I to 1/ prem.
In American Securities United States Five-Twenty
Loads are steady, at 711 to 71/ ; Erie Railroad are
better, at 47k to 47/ ; Illinois unaltered, at 87k
to
Atlantic and Great Western Railway Debentures
remain at 27 to 28, and the Consolidated Mortgage
Bonds at 24/ to 25k.
Pailways are being realized, and there is conse-
quently a falling oil iu quotations. There is a relapse
°f in Caledonian, at 77 to 7742 ; of lin Great Eas-
tern, at 30 to 30 ; of Is in Great Northern, at 10915
to 114; and in Great 'Northern (A), at 110 to 111 ;
of in London and North Western, at 118 to 118i_;
and of in Great Western, at 46k to 462 ;in South
Eastern, at 70:1 to 71± ; and in Midland, at 106± to
1061. Lancashire and Yorkshire, 1/6/ to 106/ ;
Brighton, 46 to 4621 ; North" Eastern, 105 to 106 ;
and Metropolitan, 109/ to 1092. Sheffield are firmer,
at 43i to 43g.
In Bank Shares there is no feature, and prices have
tos icaricelly.altered. Agra (A shares) are quoted at 11
Union of London, 33k- to 3.a, ex div. ;
L.2ontdoosn;J:int Stock,. 33i to 34 • ' London and West-
minster, 61 -to ex div. ; London and County,
Imperial Ottoman, 1 to 2 dis. ; Imperial
Bank is * higher, at 174 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 2i dis.- ex div. Credit
Foncier, 3 to 3±. Egyptian Trading, 4/ to 4} dis.
International Finance, 2 to 1/ dis. ex div.
.. Miscellaneous securities are steady. Anglo-
American Telegraph is quoted at 19a to 19,i ex div.
Atlantic Telegraph 8 per Cents., 5 to 5/ ; ditto 10
Per Cents.; par to prem. London General Omni-
bus, 1 to 1 ; National Discount, 11 to 11/ ; Ilud-
. son's Bay, 142 to 15.
The annual meeting of the West India and
Pacific Steamship Company has been called for the
'l7th
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 25,000 shares of
£25 each.

The ordinary general meeting of the London Tavern
k,ompany has been called for the 24th instant, for the
Purpose of receiving the 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
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.,
Ler £200,000 India Council Bills on Calcutta and
madras.
It is announced that the business of the South Aus-
'zalian 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-
Nissioners 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
'e.sterd, 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,
Ilare removed to New Poultry Chambers, 7, Poul!ry.
The North Eastern Railway dividends are 6 per
~,.eent. per annum oa the Berwick, per cent. on the
/ork, 3S per cent. on the Leeds, Carlisle S per cent.,
44(.1 Dariingtou 81• 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
beand, but thus far all have ended in disappointment.
"re have had occasional forced sales at continually
easier_ prices, but all has. hitherto failed to draw out
noYers. In the meantime stocks have rather in-
,ereased. This, however, is scarcely likely to continue,
Re may have another month of comparatively large
arrivals, hut after that we may reasonably
.expect
V see a 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
Llas a • arrived, but thus far we have a very small
business. The deliveries are upon the limited scale of
foe last six months, in some measure to be accounted
r by the direct importations to the Continent.
stock
silk shares are generally quiet, although the
.."eek has been gradually shrinking and is now really
In Bengal silk we have nothing of moment
next periodical public sales are fixed to commence
19th inst.
13,,,the
he directors of the Panulcillo Copper Company,
Limited , have issued a circular containing the results,
/ far, of the investigations of the manager. Mr.
zu states
eveatleY speaks in high terms of the efficiency of
a:_e..rYthing connected with the working of the mine,
the production to have now reached the
eighteen
of 400 tons of pure copper per month, with
thguteen furnaces at work. Mr. Bentley calculated
ina,t, with a price of $l4 per qtl. for bars
to hili (equal to a sale price in England of £7O per
", with freights at £4, and exchange at 47d) the
thrPanY would work at a profit. And since making
Calculation Mr. Heatley had concluded an agree-
ment with the Coquimbo Railway Company, which
47111 result in a saving of £12,000 to £14,000 per
"nLIM ; in consequence of these and of other econo-
mies,,s,he counted on a total reduction of some
4u)000 on this year's working charges.

Omani° COMPETITION.—The Naval and Military
Gazette, alluding to the statement of the Invalicle .Russe,
Private ruanufacturies were so given as to insure the com-
pletion in the course of 1867 and 1863 of 800,000 new rifles 1"
exclaims : "Eight hundred thousand new rifles in two years
tiow 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
'tart 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
trouch energy without some ulterior purpose in view. France,
os, even before the Chassepot bad done wonders' at
,°l4e, was pressing forward in the race, and will soon,
:11_ every respect, complete her military preparations
4°r--whatever may be said to the contrary—the
Feat struggle that is impending over Europe. Our
est wish, and that of the country, must be that we
Onid be prepared for anything that might happen ; that
nee should be able, not only to defend our own in case of
kV, hut also to throw our weight, if necessary, into one
ourte of other of the European balance, in order to defend
peac"in interests or else to maintain the sacred cause of
mornd ths we must be fll preared—infinitel
ees tha weo arei at present—tou myeet every aggressor."y

BRITISH FUNDS CLOSING PRICES.
Cte
g,„ VIIRNXENT rUNDS.
Ilt tjeut. Consols
a Pe% Account, March 5 931 }
Ne.a.r Pellt. Reduced 93 1.
New . per Cent 93 I
1,21 per Cent. Jan. 1894 —
4 s'• per Cern. J an. 187 3 —
itlities 80 yrs, expire sth Jan., 188 P —
Do
~,,,f°r '3O yrs, expire sth April 1885 —
Ez vEted Sea
£l,OOO h 2
Au ~
cucciuer Bills, £l,OOO, 2 &2}6per Ct —.Pm
0
£5OO Pm
R, L. n. £lOO & £2OO 2O pin
of England Stock, 4} per Cent 249
4j 0. Account
I itiro ~., „
.11(11 ''`N GOVERNMENT SECURITIES.
ba0.,1 tock, 10} per Cent., AprillB74 215
, Account
—0 K
pa, " Per Cent. July, 1880
t) •
Leif r• Cent., Oct. 1888
ue. ilicates —
On' .2
eftmed Paper 4 per Cent —
c• s, Per Cent., Jan. 1872
Do. 0!i Per Cent., May 1879 —
per Cent , Rup. Deb., 1879
no. . do. 1877 —
•,.., 130
1031
4,0 , • do. 1882
4,D0.
uuttecibers.47.oroCoent., Aug. 1873 —
,e. Bonds, 5 )or Cent., £l,OOO
Pm
13r rOREIGN FUNDS—CLOSING PRICES.
ijliP, 5 Per Cent
)2 Per Cont., 1852 _
be• do., • 1858 _
• -
D do., 18s0
°' dol . issa, cif