The Sun.
London, England, 1869-11-03 00:00:00

IIONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.
The introduction of the Portuguese Loan is the
feature of Stock Exchange business to-day. The
Scrip is already at 1 prem., with a good business.
The
Funds are + per cent. below the highest price
of Yesterday, and generally the tendency is not
good.

Consols are now at 931 to 938 for money ;
oitto, for Ac:ount, 931 8; Three per Cent. Re-
duced, 91i 2 ; New Tkree per Cents, 91i 2 ;
ditto Anuities, 111 ; Red Sea Telegraph, 19 13-16 ;
t
Idequer Bills £l,OOO, March, 5 prem. ; June,
19 prem. ; ditto £lOO, £2OO, and £5OO, March,
lirern• ; June, 5 prem. ; Bank of England Stock,
11- per Cent., 239 7.
India Stock, 10} per Cent., April, 1874, 211 13 ;
ditto 5 per Cent., July, 1880, 1151 15 ; ditto 4
Per Cent., Oct., 1888, 1001 f 4 ; do. Enfaced Paper,
6 Per Cent., 1051 6 ; ditto Bonds £l,OOO, 30
Drew.

-English Railways continue quiet, and with
rather a dull tendency. The only appreciable de-
!line has been in Brighton upon the continued bad
trafli.. k;.
The prices are as follow :--Caledonian,
auk to 80.1 ex div. ; Great Eastern, 36 to 371 ;
Great Northern, 108 to 110; ditto (A), 106 to
105 j ; Great Western, 56 to 561 ; London and
421 to 43 ; London, Chatham, and
over, 161 to 17 ; London and North Western,
19 to 1191 ; London and South Western, 89 to
011;; Metropolitan, 831 to 831 ; Midland, 118 to
; North Eastern (Berwick), 1181 to inn i
and South Eastern, 764 to 771.
Bank Shares are quiet. The principal descrip-
tl°na are quoted as follows :—Agra (A) Shares, 101
t?, 11; Alliance, 121 to 131 ; Anglo-Austrian, 8 to
i.' ex new prem. ; Chartered Mercantile, 321 to
,*
"31; Consolidated, 4.1- to 41 ; Imperial Bank, 16
te 17 ; Imperial Ottoman, 21 to 21 prem. ; Lon-
d"
and County, 48 to 49 ; London and Westmin-
7er) 571 to 581 ; Oriental, 411 to 421 ex div. ;
'l4ondon Joint-Stock, 31 to 32 ; and Union of Lon-
-4°ll, 361 to 37i.
The most conspicuous feature in Foreign Stocks
a relapse of 1 per cent. in the price of old Por-
tuguese stock, but the general tone is flat. The
f
-(4l"ving are the prices :—Argentine, 831 to 84 ;
Brazilian 831 to 84 ; Egyptian (1864), 86 to 87 ex
diV• ; do. (1868), 77 to 771 ; Viceroy Seven per
b2nts-, 821 to 821 ; the Nines, 99 to 991 ; Italian,
I,i to 531 to 531; ditto Tobacco Loan, 841 to
41; Mexican, 131 to 131 ; Peruvian, 821 to 822- ;
Portuguese, 33 to 34 ; Orel, 81 to 811 ex div. ;
-„,
4licolas, 651 to 661 ex div.
Continental Railway Shares are quiet. Lom-
bardo-Venetian is unaltered at 20 to 201, and
Great Luxemburg at 121 to 121 ex div.
Telegraph Shares are firm. Anglo-American
i 8
I higher at 201 to 201 ; French Cable is steady
at 161 to 164 ; and Construction and Maintenance
at 324 to 321.
ZslTllited States Bonds are firm, at the advance
e:tablished at yesterday's close. The railways are
j'at• The present prices are :—Five-Twenty Bonds,
821 to 83 ex div. ; ditto (1865), 814 to 814 ex
div. ; ditto (1867), 821 to 83f ; Ten-Forties, 761
to 77 ; Erie Railroad Shares, 201 to 211 ; Illinois,
date to 98 ; Atlantic and Great Western Consoli-
d Bonds, 241 to 251 ; and Debentures, 26 to 27.
The sum of £lOO,OOO was withdrawn from the
Bank yesterday in sovereigns for Egypt.
,The Seine, for the West Indies, has taken
"0)000 in gold and £8,470 in silver.
The Manchester markets this week have opened
With considerable firmness, but business has been
checked by the advanced prices demanded.
The advices from Buenos Ayres quote Argentine
Interior Bonds at 66, while the stock of the Cen-
tral
Argentine Railway was at 95. The accounts
tu the prospects of the country are more favour-
able than for some time past. A general disposi-
tion Prevailed in favour of the construction of pub-
:Le works, and votes had been passed in favour of
"e project for a port for Buenos Ayres ; the ex-
-1311°4 duty of 6 per cent. has been taken off wool,
_1!(1 new roads and bridges were to be proceeded
with in various districts.
The subscription for the Italian loan concluded
with the Societe Generale opens at Paris on the 4th
it3L) and closes on the 12th. It is issued in bonds
te
ured on the ecclesiastical property, and it is for
:total of £5,200,000, or 130,000,000 lire, the inte-
-44 being 5 per cent. The price of issue is for one
1: of the loan 75, for the other 77, and the whole
redeemable in twelve years. Interest com-
mences from the Ist of October.
Saturday next, the day fixed for the Royal open-
ing °f the Holborn Viaduct and Blackfriars Bridge,
tol4exPeeted to be observed as almost a general holi-
day the City. The Stock:Exchange will be closed,
accordance with a resolution passed by the Com-
tli4essre. Stern Brothers have issued the prospec-
-412q a new Portuguese Three per Cent. Loan for
,_'°9o,ooo at the price of 321 for every £lOO
ancil" The bonds are to be in amounts of £lOO
J. 6.00, with coupons due on Ist January and Ist
ate Yi Payable at the Portuguese Financial Commis-
tb.ll London. The stock will bear interest from
: July last, and it is announced that the
of 14`e-1 have stipulated it shall be exempt from taxes
,T7erY kind. Subscribers are to pay 5 per cent. on
4r,r letion, and the remainder by instalments up to
paid; next. Allowing for discount on amounts
shthe 14 advance, and reckoning the overdue coupons,
e is reduced to £3l, at which it will yield
to the 9i 9 per cent. The loan is to be applied
ele lquidation of the floating debt and the
k,8418 of the South-Eastern Railway of Portugal,
Iti. 450,000 being reserved for the latter object.
stated that since the accession of the present
ort
ugtlese Ministry to office considerable retrench-
-eata
lua have been made in the public service, and
ting taxes have been imposed with the view of ex-
bodshiog the deficit in the Finance Minister's
get.
ltile3srs• Alexander Collie and Co. send the fol-
aoo an! from Manchester :—" Producers are asking
tatie varioe of lid. per piece on last Friday's quo-
dav,ll!) to which buyers do not respond, and the
* 3 puffiness has been very limited."
I...teas-re Admiralty has accepted the tender of
ia• Bullivant and Allen, of Diillwall, for the
supply .1 "Z
Vir,„ er Majesty's dockyards and navy with
%. rope.