The Sun.
London, England, 1869-11-19 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

To-day there was a better tone on the Stock Ex-
change, and Consols advanced in price. There was
a similar rise in the Foreign market, but the greatest
improvement was in Telegraph shares.
Consols are now at 94 to 93i- for money ;
ditto, for Account, 94 ; Three per Cent. Re-
duced, 92k; New Three per Cents, 92+ ;
Exchequer Bills £l,OOO, March, prem. ; Juue,
9 4 prem. ; ditto £lOO, £2OO, and £5OO, March,
; June, 8 prem. ; Bank of England Stock,
44 per Cent., 238 40. _ _ _

India Stock, 101 per Cent., April, 1874, 2111 13 ;
ditto 5 per Cent., July, 1880, 115 a ; ditto 4
per Cent., Oct., 1888, 1001 ; ditto Enfaced Paper,
5 per Cent., 021 ; ditto Bonds £l,OOO, 25 prem.
I 'ln the:Foreign Market (Turkish Five per Cents.
opentd firm, at 43i to 43i ; but the price is now
431 to 431 ; Spanish are firm at 261 to 27 ;
Egyptian (1868) Bonds are k lower than at the
opening, the price being now 771 to 771 ; Italian
Stock is firm at 31 to 31 ; and Mexican is 131
to 14.

In the Railway Market the chief movement :is a
decline of in South Eastern to 76. Midland, at
1181 to 1181 ; and Caledonian, at 79 to 791, are
both flat. Great Northern ordinary stock is 1 per
cent. higher, at 1071, and the A stock I, at 107 k.
Great Eastern are 361 to 361 ; Great Western,
541 to 55i ; Chatham, 151 to 161 ; Brighton, 441
to 444 ; London and North Western, 1191 to 120} ;
and Metropolitan, 831 to 84.
American Five-Twenty Bonds are 83} to 831
ex div. ; Erie Shares, 20 to 201 ; and Illinois, 991
to 100.

In Bank Shares the only movement is a fall of
10s. in London Joint Stock, the price being 311 to
32}. London and County is quoted at 48 to 49 ;
London and Westminster, 58k to 59j ; Union of
London, 37 to 38 ; Chartered Mercantile, 34 to
32i ; Anglo-Austrian, 8 to 10 premium.
In Miscellaneous. Securities Hudson's Bay is flat,
at 131 to 13 j ; International Finance, 2 to 1i dis. ;
and National Discount, 11 to 14.
The excitement in the Telegraph Construction
and Masntenance Market continues. At the open-
ing this morning the price was 33 to 341, but it is
now 32; to 33. Bona fide sales appear to be tak-
ing place, becauie at the present price as much as
33s per pound or thereabouts, is obtainable in the
Stock Exchange, while on the £8 to be repaid by
the company in the reduction of capital there will,
of course, be received but 20s per pound by the
then shareholders. Anglo-American Telegraph is
steady, at 20 to 211 ex div. French Cable is in-
quired for, at 161 to 16!.
The bar silver by the West India packet has been
sold at ss. Ofd. per ounce, showing no change. A
portion of this supply will be sent to the Continent,
and the rest to India.

The London, Chatham, and Dover Railway
traffic return, including the Metropolitan Extension
and branches, shows this week an increase of £526,
compared with the corresponding period of last
year ; the Metropolitan Extension, separately, an
increase of £387 ; the North Eastern an increase
of £6,502; the Lancashire and Yorkshire a decrease
of £843 ; the Caledonian a decrease of £1,310 ; and
the Manchester, Sheffield, and Lincolnshire an in-
crease of £224.

With regard to the contemplated new Turkish
Loan, telegrams from Constantinople, dated the
12th instant, state that " the loan of £12,000,000
sterling, concluded with the Comptoir d'Escompte,
has been definitively ratified by the Council of
Ministers. The Levant Herald states that the loan
will bear interest at the rate of 6 per cent., with
a sinking fund of 1 per cent. The Comptoir
d'Escompte takes the loan nominally at 56, which
is reduced by charges to 54. Six millions of the
loan are taken by the firm, the remainder ou com-
mission, the whole being secured by sixty millions
of unhypothecated revenue, chiefly Anatolian."
Prom this we may look for an early introduction of
the operation.
Tnere were no gold operations at the bank yes-
terday.
Tue City yr Lltuciio,, (rein we Itirca in.‘"
brought £30,000.
The Tasmanian, for the West Indies, has taken
out £50,000 in gold and £1 in silver.
In Mincing-lane the market has been in most
instances quiet. The tea sales have finished up
without any appreciable change in prices. Sugar
has attracted very little attention. Small coffee
auctions have passed off steadily. There has been
less buoyancy in the cotton market. In metals the
only change is that there has been more doing in
Copper on easier terms. Tallow meets a better sale,
and is 3d. per cwt. dearer.
The quality of the Madeira vintage this year,
according to a report of Messrs. Rutherford,
Drury, and Co., is expected to be very good, and
the estimated quantity is about 8,000 pipes, the
same as that of last year, almost a third of the old
average.

The Frankfort advices state that the Bourse has
been influenced by a slight improvement in the
position of the Vienna market, and that Austrian
speculative securities have consequently been more
in demand. "There would," it is said, "be a far
better feeling if the improvement at Vienna were
due to natural causes, and not to the interference
of the Hungarian Finance Minister, who has sunk
another four millions of florins to prop up various
establishments." As it is, Credit shares have ad-
vanced from 210 to 221 ; and French-Austrian
shares (on which speculators for the fall have to
submit to heavy rates for the loan of stock at each
liquidation) from 318 to 362; Lombard shares alone
have remained flat owing to heavy sales on London
and Berlin account. The receipts of the line con-
tinue satisfactory, although they have somewhat
suffered by the early winter in those quarters.
Speculators remain confident that the Suez Canal
will bring a good amount of traffic to it.
The return from the Bank of England for the
week ended the 17th of Nov. gives the following
results when compared with the previous week :
Rest
PuLlic deposits
Other deposits 17,910,189 ... Increase ... 61,672
On the other side of the account :
Clovernment ' securi-
ties £13,811,953 ... No change.
Other securities 16,086,206... Decrease 3,923
Rotes unemployed 9,327,300 ... Increase 587,290
The amount of notes in circulation is £23,152,010,
being a decrease of £407,170 ; and the stock of
bullion in both departments is £18,405,056, showing
an increase of £131,799 when compared with the

Preceding return.
Subjoined is a comparison of the present position
0 the Bank of England and the prices of Consols
and French Rentea with the corresponding week 04
list year :

At Present. Same Weeklast Year.
Bullion
Reserve
Notes in circulation— 23,152,010 ... 23,489,100
Bate of discount
Consols
Ivensh Rentes

The following is the official return of the cheques
and bills cleared in the Bankers' Clearing-house for
the week ending Wednesday, Nov. 17 :
Thursday £7,863,000
Friday
_ _

Saturany"

14,198,000

Monday 10;838,000
11 324 000
Tuesday

Wedueiday 9,583,000

£75,222,000

The advices from Buenos Ayres by the present
mail are to the 14th of September. The Argentine
Congress closed on the 12th with a message from
the President, which was confined to a resume of
the principal events of the session, and congratula-
tions on the many useful measures voted this year.
The Ministerial project for the construction of a
port at Buenos Ayres hid been withdrawn, and the
Governor of the province had recommended its
construction without any subsidy from the Na-
tional Government. Congress had sanctioned an
issue of 6,000,000 hard dollars in National Bonds,
at 70 per cent., and a fall of 10 per cent. had
occurred in one day,' but the Finance Minister
lwit4 explaißod that they aro W be tGliea up oa