The Sun.
London, England, 1868-01-22 00:00:00

MO",1:127 MARKET

AND
OMMEROIAL INTELLIGENOR,

CITY, Two O'CLOCK.

The stock markets are tolerably steady, but at
prices much what they were at the close yesterday.
The funds opened firmer, Consols touching 94 to
93, but there has since been a relapse of II per cent.
The foreign stock market is moderately supported,
with the exception of Italian, which are heavy upon
the revival of the discussion as to the, financial posi-
tion and prospects of the country. The budget
turning out to be more favourable than was at
first apparent, has really improved the market from
yesterday morning ; but, as compared with the
recovery which took place in the afternoon, the
present price is lower. Railways are scarcely so
firm.

The discount demand is very unimportant, at
per cent.

The'Coril Market is steady.

Consols opened firm at an advance of IL, but have
since relapsed, and are now quoted at 921- to 92i
for money and account. New and Reduced Three
per Cents., 92i to 93. India Five per Cents., 1.111
to 1121. Bank Stock, 2t2. Exchequer Bills, 22's.
to 275. prem.

Foreign Stocks are generally firm. Italian (1861)
Bonds are the exception, being)} per cent. lower, at
421 to 43k; Turkish (1865) Bonds are better at 301
to 311; Mexican, 151 to 151 ; Greek, 12 to 121 ;
New Spanish, 351 to 351; Portuguese Scrip, 2i
to 21 ; Egyptian Railway Loan, 92 to 921 ; and
Peruvian, 731. to 74.

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

Ia American Securities United States 5-20 Bonds
are * lower, at 7l to 72 ; Illinois are 4 better, at
85 to 86 ; but Erie Railsi ay is quoted at 48 to 49,
being worse.

Atlantic and Great Western Railway Debentures
are steady at 24 25 ; and the Consolidated Mort-
gage Bonds' 24i to 25.

Railways are dull. upon an absence of demand and
a few speculative sales. Great Northern shares are
1 lower, at 106 to 107, and there is a fall of in Cale-
donian, at 731 to 74 ; of + in South Eastern, at
671 to 681 ; and off in Lancashire and York-
shire, at 1231 to 124 ; in Midland at 1034 to
1044; and in London and North-Western, at 1161
to 117 ; Great Western shares are steady at 46+ to
46t ; and in Metropolitan at 117 to 1171 ; North
British shares are 34 to 341 ; Chatham, 18 to 181 ;
Sheffield, 44 to 44f ; Brighton, 46} to 47 ; Great
Eastern, 29f to 294 ; and Great Northern A,
1081 to 1091.

London Joint Stock Bank Shares are 10s. better,
at 33i to 34i ; London and County are steady, at
53 to 51; and Consolidated, at f to f prem.
London and Financial Shares are quiet, at 24 to
22 dis. ; International, 2 to die. ; and General
Credit, 2+ to 2i dis.j

The Master of the Rolls has this day appointed
Mr. James Cooper, of the firm of Johnson, Cooper,
Wintle, and Evans, official liquidator of the Lon-
don Quays' and Warehouse Company (Limited),
the summons for the appointment of the liquidator
having been adjourned into Court

CITY, TWELVE O'CLOCK.

'ins sum of .114,000 in English gold coin, received
from South America, was sent into the Bank yester-
day.

The Sion, from New York, brings £32,000 in
specie. _

The ordinary general meeting of the Val-Sassam
Mines Company has been convened for the sth of
February, to receive the directors' report and state-
ment of accounts, after which the 'meeting will be
special, for the purpose of authorising the directors to
make a call or calls to the extent of .£1 per share.
The ordinary general meeting of the English and
Foreign Credit Company has been convened for the
4th February, when the directors' report and state-
ment of accounts will be submitted and a dividend
declared.

The annual general meeting of the London and
County Bank will be held on the 6th February, for
the purpose of receiving the directors' report, ani for
declaring a dividend.

The following is the report of the City Discount
Company (Limited) :—" The directors, in presenting
the annexed balance sheet of the company's affairs to
the 31st of December last, trust that it will merit the
approval of the shareholders. The balance available

for division (after carrying £2,000 to reserve) is
,S-1,555 11s 9d ; and out of this, the directors recom-
mend that £3,048 13s 9d be set aside to pay a divi-
dend of 10 per cent. per annum on the capital paid
up, free of income tax ; that" £533 is Id be written
off preliminary expenses (making £1,033 is id so
written off during the year) ; and that the balance,
£1,013 193 11d, be carried forward to the next
accoant."

The proposed dividend of the Adelphi Bank (Liver-
pool), at the rate of 7i per cent. per annum, was
agreed to at the meeting held yesterday.
The proposed dividend of the London and St.
Katharine Docks Company is per cent. for the
half-year, making 2/ per cent. for the year.
At a meeting of the creditors of Messrs. Baker,
Brookes, and Gondie, at Birmingham, a deed of as-
signtaent was executed. The liabilities were shown
to be £15,008, and the assets £7,972.
Reuter's Telegram Company, Limited, have opened
a branch office at Hamburg.
It is understood, according to Paris advices, that
the financial statement of M. Magne will not appear
before Monday next, the 27th instant, and that it will
relate solely to the budget. A loan, however, is held
to be inevitable for 500,000,000 fr, or £20,000,000
sterling. A contract has been concluded between the
city of Paris and the Credit Fouler for the con-
solidation of 400,000,000 fr in City Bonds, discounted
by the Credit Fonder.

Mr. Frederick B. Smart (of the firm of Smart and
Snell, accountants) has been appointed liquidator of
the London Chemical Company (Limited).
Letters from Brussels affirm that the Bank of Bel-
gium has just employed 10,000,000 fr., or £400,000
sterling in discounts in Paris, at 1 per cent., and they
add that the operation has occasioned much criticism,
seeing that the amount might have been readily em-
ployed in discounting first-class Belgian commercial
bills at 2 per cent.

BRITISH FUNDS CLOSING PRICES.
GOVERNMENT FUNDS.
8 per Omit. Consols
Do. Account, Fob. 6 92} 1
3 per Coat. Reduced 93 21
New 3 per Cent 921 3 2f 3
New 21 per Cent. Jan. 1894 75
Do. 5 per Cent. Jan. 1873 —
&nnuities, 80 yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 —
Do (Red Sea Telehraph), Au,., 1908 —
E tchcquer Bills, £l,OOO, 2 Sr, 2i per Ct 25 pm
Do £5OO pm
Do. £lOO St £2OO 26 pin
Bank of England Stock, 41 per Cent —
Do. Account
INDIAN GOVERNMENT SECURITIES.
Indian stock, 10f per Cent., April 1874 —
Do. Account
Do. 5 per Cent. July, 1830
Do. 4 per Cent., Oct. 1888
Do. Certificates —
Do. Enfaced Pap©r 4 p©r Cent B7l
Do. 5 per Cent., Jan. 1872
Do. 51 per Cent., May-1879 —
Do. 5 per Cent., Rup. Deb., 1872 —
Do. do. 1877 —
Do. do. 1882 lO3l
Do Deb., 5 per Cent., Aug. 1873
Do. Bonds, 5 per Cent., .£l,000
Do. under £l,000
FOREIGN FUNDS—ULOSING PRICES.
Argentine Republic, 6 per Cent 721
Austrian Bonds, 5 per Cent. 1859 —
Brazilian 5 per Cent —
Do. *i. per Cent., 1852-58-60
Do. 1863
Do. 5 per Cent., 1865 —
Do Account
Do. fleo Bonds —
Buer.os Ayres 6 per Cent'
D., 2 per Cent. (Deferred 3 per Cent )
C iha, 6 per Cent.
C..fflan 6 per Cent —
D 0.41 per Ce-t
tie. 6 per Cent, B .
Do., 1867 - ~
Do., 7 per ,Cent., 1866 • 9ll i .
D.)., Scrip £32 paid
0 ,i• rubiau, 6 per Cent
Danish. 3 p ,r Cent., 1825 —
D nehiae Principalities, 7 per Cent 651 1
D,-‘ S per Cent., 1867 —
F :z'ador New Consolidated, 1 pc-r Cow._
elgypl iar, 7 per Cent —
4)0. $r oad Issue
-
D .. (510 Penis
Do. £lOB Bonds 9l
1)o. 1861
no. £s',o Bonds 9O--
Do. £lOO Bonds ..... 91 1
Uovernment, Railway .oebentures .... 921 2 i
Greck, 5 per Cent., 1821-5, ex Coups —
l bc. Account
Do. Coupons
Do. Account
G iatemala 5 per Cent .. —
Honduras Gov. Rail. Loan., 7p. Ct., .£l5 pd pm
It-I ; ,au 5 per Cent., 1865 —
Do, Account
DO. Maremmana itaiWay. . , —