The Sun.
London, England, 1868-01-15 00:00:00

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MONEY MARKET

COMMERCIAL INTELi..r.O%,-.,A,

CITY, Two O'CLOCK.

The improvement in the Stock Market noticed
all this week continues. There is a steady demand
for investment, in consequence of the excessive ac-
cumulation of money in every direction. The bear
speculators have been considerably inconvenienced
during the progress of the settlement which
closes this afternoon by the tenacity of holders and
the steady purchasing of the public. It is probable
that the lesson will have a beneficial effect upon the
future policy of adverse dealers. The most
notable feature is the further fall of St. John del
Rey shares, on the report received by the share-
holders this morning.
The Discount Market is very quiet, and the best
class of commercial paper is being rea lily taken at
if per cent.

The failure is reported in the Stock Exchange of
a speculative jobber, who is one of the members of
that body who made large gains during the panic
of 1866.

The Corn Market is quiet, at Monday's prices.
Consols are steady, at 928 to 921 for money and
account. New and Reduced Three per Cents.,
921 to 924 ; India Five per Cents., 111 to 1111 ;
Bank Stock, 210 to 242 ; Exchequer Bills, 225. to
275. prem.
Foreign Stocks are without change from last
night's prices. Mexican are quoted 151 to 154 ;
Greek, 12 to 121 ; New Spanish, 35 to 351 ; Italian
(1861), 41/ to 421 ; Turkish (1865), 304 to 308 ;
Portuguese Scrip, 1 to 11 prem. ; Egyptian Railway
Loan, 904 to 911; and Brazilian (1865), 75 to 76.
The New Honduras Loan is steady, at 1 to 1
prem. ex coupon.
In American Securities United States Five-
r rwenty Bonds are steady, at 711 to 714 ; Erie
Railway, 4 better, at 484 to 49 ; Illinois are quoted
841 to 854 ex coupon, being 4 higher.
Atlantic and Great Western Railway Debentures
have receded 11, to 23 24, and the Consolidated
Mortgage Bonds 1, to 211 21/.
Railways are scarcely so good as at the opening.
As compared with last evening, there is now a rise
of 1 in Caledonian, at 74 to 741 ; of 1 in Great
Northern A, at 1061 to 1071 ; and of 1 in South
Eastern, at 671 to 68, and in Great Eastern
at 29 to 291; Brighton shares are 1 lower,
at 47/ to 481 ; and Sheffield also at 44 to 441 ;
Midland arc scarcely so good, at 1031 to 1044.
There is no change in the Lancashire and York-
shire, at 123 to 1231 ; London and North-Western,
at 114 to 1141 ; Great Northern, 106 to 107 ;
North British, 331 to 344 ; and Great Western, 451
to 454.
Union Bank of London Shares are 304 to 311;
and National Discount, 104 to 11.
The receipt by the shareholders of the St.
John del Rey Mining Company of the report
alluded to yesterday has been followed by a
further considerable fall in the priee of the
shares, business having taken place at 29/. The
fire broke out in the Cachouda mine on the
tight of the 21st of November. It was subdued
0n the 23d, and it was believed was wholly ex-
tinguished by the morning of the 26th. No opinion
could be formed as to the, extent of the damage
until the mines were re-opened and examined, which
it was not thought prudent to do hurriedly. Mr.
Gordon, the manager, was closely investigating the
cause of the firo, but at the date of his last letter no
conclusion had been arrived at.

CITY, TWELVE O'CLOCK.

•
dank thousand sovereigns were sent into the
an't Yesterday for Lisbon. •
.. nclon
I. 4
)1 'he following is the Report of the Union Bank of
for the six
, adopted at the meeting today " The
:
',lirectors have to report that the net profits of thebank
months ending 31st December last, after
Payment of all charges (including the sum of £52,638
,f's 5d for interest, paid and due to customers on their
I,lr,rent and deposit accounts), and making ample pro-
-4sinrl for all bad and doubtful debts, amount to
forward''9 5s 9d, which, with £11,479 4s 7d brought
i from 30th June last, amount to £101,190
last 4d . The directors now declare a dividend for the
0-,-",n,tx months at the rate of 15 per cent. per annum
--
'Re paid-up capital, clear of income tax. After
Payment of the dividend, amounting to £90,000,
there
10s 4d to be
will remain a balance of £11,190 .
arried forward for appropriation at the end of the
Payable on and after Monday the 20th instant.
(Limited) r The report of the National Discount Company
1 is as follows:—The accounts which the direc-
h°direc-
torshave now the pleasure to submit to the share-
show for the half-year ending 31st December
ii,ast),a gross profit of £89,002 4s, and after deduct-
r-eg tne current expenditure, directors' and auditors'
,11311neration, writing off £142 6s 8d towards re- of premises, and reserving £21,104 4s
te of interest on bills not due, there remains,
with the sum
Pa reeed i_ of £3,499 18s brought forward from the
division ti account, £61,647 lOs 61 The admits of
h at the rate of 15 per cent. per annum,
xseu„7ill absorb £59,841, and leave a balance of
11 ,',. ' lOs 6d,
alf-year' to be carried forward to the next
s account. The directors, who retire by
rotation
4, , are—G. Barnard, Esq., H. H. Toulmin,
th'' and P. C. Wilkins, Esq., all of whom, being
4tigible, offer themselves for re - election. The
ret ditors, j.
M. Bell and J. R. Morrison, Esqs.,
"(Ire, in accordance with the Articles of Association,
' being eligible, offer themselves for re-election.
The„„_. dividend, free of Income-tax, will be payable on
"au after the Ist of February
'pi_ ~0,. . next.
bil'ue I 'lowing is the report of the New Consolidated
pleas unt Company :—The directors have much
_ure in submitting to the shareholders the accoin-
i,i_ecernber, 1867, showing a
,arl-Ving balanee-sheet for the half-year ending 31st
gross profit of £12,852
;-Urs 11d, including the balance of £651 Os 3d, brought
°w!'rd front account. The nett profit, after de-
auction
.of current expenses and rebate on bills not
„,,11,) Is £4,173 4s ld, which the directors pro-
re appropriating as follows, viz. :—.£2,256 9s 94 to
~",.! payment of a dividend at the rate of 7i per cent.
Per annum (free of income tax) ; adding £1,300 to
akunei reserve fund, which will then amount to £3,000 ;
lo t- carrying the balance, £616 14s 4d, to profit and
sa new account. In accordance with the Articles
of Association Messrs. W. McArthur, H. F. Sande-
'llan, and J. C. Simonds retire from the direction,
and, being eligible, offer themselves for re-election.
The auditors, Messrs. James Cooper (of Johnstone,
Cooper, Wintle, and Evans) and Whitbread Towson,
also retTowson,re, and offer themselves for re-appointment.
Tenders for the New South Wales Government
Five per Cent Loan for £758,000 were opened yester-
day afternoon at the Oriental Bank, when it was found
that applications had been sent in for £1,125,000.
The minimum price was fixed at £94 per £lOO ; and
applications at and above £94 3s 6tl will receive allot-
inents in full.
A petition has been presented to the Lord Chan-
cellor for the winding up by the Court of Chancery of
the Great Cwnisymlog Silver-Lead Mining Company,
by a creditor ; and to the Master of the Rolls, by a
contributory, for the winding up, under the super-
vision of the court, of the National Standard Fire
Insurance Company. A creditor has also presented a
Petition for the winding up of the Stourbridge Glass
Company (Limited), to be heard on the 24th instant,
before Sir John Stuart.
Mr. Frederick B. Smart (of the firm of Fredk. B.
Smart and Snell, 38, Gresham-street), public ac-
Lo
ntant, has been appointed official liquidator of the
endon Quays and Warehouses Company (Limited).
19 A meeting of shareholders of the Caledonian Rail-
Ila,y, Company was held ou Monday at Dundee—Mr.
hidiani Lowson, of Baithayock, in the chair. The
Proceedings were private, but we (Dundee Advertiser)
seconded by Mr. Soot, it was unanimously re-
v,' \red to appoint Messrs. William Lowson,
O. 'lliarn Harris, and John Sharp, a committee
u Confer with the Investigation Committee, and
With
ill any committees that may be appointed by
6 ' reholders in other districts, with a view to the iin-
irevernent of the affairs of the Caledonian Railway
om
PanY• Au opinion was expressed that it would
be
tri desirable for the shareholders to meet in each dis-
c,)et, and instruct committees as to the course that
nuld be followed at the general meeting on the
tadtb• These committees could then meet together
arrange upon a line of action which would pre-
t'-nt the general meeting—like too many meetings of
I,kilid—falling into confusion.
j,ine ninth half-yearly meeting of the National
I),,,Thk of Auatralasia was held at the Head Office,
re udhourne, on the 15th of November, when the
eeptc'rt, recommending a dividend at the rate of 10 per
tle,it, and bonus, at the rate of 2k per cent., was
tnimously adopted.
The traffic receipts of the Great Luxemburg Rail-
Way Com
dee pany for the week ending Jan. 12, show a
rease of £1,059 4s.
_At the meeting to-day of the London and West-t
'„,inster Bank the directors' report was adopted. I
"tates that the net profits for the last half year amount

to £147,645 lie. This sum, added to £31,955 is sd,
the unappropriated balance of the preceding half
year will amount to £179,600. From this amount
£9,169 has been deducted for interest to 31st De-
cember on £498,720, the amount received on ac-
count of the issue of the new capital. A dividend
at the rate of 6 per cent. per annum, and a bonus
of 13 per cent. free of income tax, were declared,
leaving a balance of £10,104 Bs. 111 to be carried
forward.

BRITISH FUNDS.--CLOSING PRICES.
GOVERNMENT FUNDS.

3 por Dent. Consols
Do. Account, Feb. 6 921 1 2
3 per Cent.. Reduced 921 -i.
Now 3 per Cent 92i 1.
Now 21 per Cent. Jan. 1894 —
Do. 5 per Cent... Jan. 1873 —
tunuities, SO yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 —
Do (Red Sea Telehraph), Au,., 1908 —
E cchc,quor Bills, £l,OOO, 2 & 21 per Ct.._ 23 put
Do £5OO — pat
. Do. £lOO & £2OO — pm
Bank of England Stock, 41 per Cent —
Do. Account
INDIAN UOVERNMENT SEcullm.Es.
Indian :cock, 101 per Cent., April 1871_ 213 17
Do.. Account
Do. 5 per Cent. ,I uly, 1880
Do. 4 per Cent.. Oct. 1888
Do. Certificates
Do. Enlaced Pap'. 4 p.-m- Cent —
Do. 5 per Cent., Jan. 1872
Do. 51 per Cont., May 1879 lOBl
Do. 5 per Cont., Rup. Deb., 1872 —

. _
Do. do. , 1877 —
Do. do. 1884
Do Deb., 5 per Cent., Aug. 1873
Do. Bonds, 5 per Cent., £l,000
Do. undor -£1,000
FOREIGN FUNDS—CLOSING PRICES.
Argentine Republic, 6 per Cent —
A.ustriau Bonds, 5 por Cent. 1859
Brazilian 5 per Cent —
Do. 4/ per Cent., 1852-58-60

1863
Do. 5 per Cent., 1865

Do Account 76
Do. £lOO Bonds
Buenos Ayres 6 per Cent B4
DJ 2 per Cent. (Deferred 3 per Cent.)
Cuba, 6 per Cent.
Cullum 6 per Cent
Do. 4} per Cent
00. 6 per Cent., B .
Do., 1867
Do., 7 per ,Cent., 1866
Do., Scrip £32 paid
C 0 mbian, 6 per Cent.
Danish 3 p3r Cent., 1825
D inubian Principalities, 7 per Cent 63/
Do 8 per Cent., 1867 6ll
Bluador New C;onsolidated, 1 per Cent —
dgyptiar, 7 per Cent —
Do. Second Issue B7}
Do. £5OO Bonds
Do. £IOC Bonds 9o}
Do. 1864
no. .£s')o Bonds B9t
Do. £lOO Bonds ,.... 9041
Government Railway Debentures ..... 91} 901 11
Greek, 5 per Cent., 1824-5, ex Coups
—..
Do. Account . .. 124

Du. Coupons
Do. Account
Guatemala 5 per Cent .
Honduras Gov. Rail. Loan., 7p. Ct., £l5 pd pm
Itlnau 5 per Cent, 1865
Do, Account
Do. Maremmana Raiway
N.l.,xicar. 3 per Cent
Ditto for Account
Do. 1864
Do 6 per Cont. Auglo-French
Nlontevidmu C per Cont.
quorish imperial 5 per Cent
Now Granada —
Do 3 per Con
Do. Deferred
Do Land Warrants (Hectares)
Peruvian 5 per Cont. 1865
Do Account 69} it I.
Do 41 per Cent. (llribarren)
Do 4f per Cent., 1862
Do Account
Portaguese 3 per Ct., 1853, '6, '7, '9,'60,'2,'3 38
Russian 5 per Cont., 1822, St
Do 41 per Cent. 1850
Do 4f per Cent., 1860
Do 3 per Cent., 1859
Do 5 per Cent., 1862
Do. Anglo-Dutch, 1861, £lOO Bonds —
Do. do. £B4 15s. do.
Do., 1866, £lOO 80nd5.... BBl
Do. do. £B4 15s. do —
Sa.,-dinian, 5 per Cent
Spanish 3 per Gen
Do Account
Do New Deferred
Do Account
Do Passive
Do Acc.ant
Do Corn. Cert. of Coup. not funded
Do Account
Tu-lcish 6 per Cent.

Do Account
Do Do 6 her Cont. 1858 ...
Do Account
Do £lOO Bonds

Do 6 per Cent., 1862

Do AZ;vount,
Do ..C.loe Bonds 5B i
Do. 1863 _
Do 5 per Cent., 1865 —
Di Account
Do 6 per Cent., 1865
D y i per Cent., Guaranteed
Venezuela, 3 per Cent. _

Do Account —
Do 6 per Cent., 1862
Do 6 per Cent. 1864
Dividenas on the above payable in Lonclou.
Austrian o per Cent. Ex 10 Florins m
Belgian, 4} per cent., Ex. 2sf.
Dutch 2i per Out. Ex. 12 Gail 53
Do. 4 per Cent. Certificates ....,
French Routes, 3 per Cent., Ex. 2M.
T HREE O'CLOCK.

921
921 *
C orin soo.lAs , ci Se Toounnety

IIIARKETS—(2 his Day.)

CORN.

The weather since last report has continued mild, and
the reports respecting the wheat plants are not unfavour-
able.
The general aspect of the trade is quiet, and the pro-
vincial market reports show rather less firmness in prices
without much reaction.
In Mark-lane to-day there was a fair attendance for
Wednesday ; but the demand was dull for all descriptions.
English wheat was taken off in retail at about the rates
of Monday last.
Foreign wheat met only a limited inquiry, but was not
pressed for sales at any appreciable decline.
The flour trade ruled inactive, without variation from
the rates of Monday last.

Malt may bo quoted steady in value, but without
activity.
-

Barley maintains its value, although purchased spar-
ingly.

Beans and Peas are unchanged.
Oats in limited demand at the previous currency.

ARRIVALS.

English and Scotch Irish. Foreign.
Wheat 430 ... ... 16,310
Barley 160 ... ...
Oats ... 70 ... 3,660
Flour :
Sacks 1,070 ... ... 800
Barrels ... ...