The Sun.
London, England, 1869-11-12 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK

Business is very quiet to-day, and no extensive
transactions have taken place. Prices remain firm.
Consols are now at 93f f to 934 for money ;
ditto, for Account, 93f ; Three per Cent. Re-
duced, -911 4 ; New flree per Cents, 91f 1 ;
Exchequer Bills £l,OOO, March, 5 prem. ; June,
10 prem. ; ditto £lOO, £2OO, and £5OO, March,
; June, 10 prem. ; Bank of England Stock,
41 per Cent., 238.
India Stock, 101 per Cent., April, 1874, ;
ditto 5 per Cent., July, 1880, 1154 f 15 ; ditto 4
per Cent., Oct., 1888,1004 I ; ditto Enfaced Paper,
4 per Cent., —.
In the Foreign Market Turkish are firm upon
the settlement of the New Loan. The Five per
Cent. Bonds are better, at 43 to 431, and there
is a rise of I in the Six per Cents., at 661 ; and in
the 1862 Loan, at 661 ; and the 1854 issue is 1 per
cent. higher, at 81. Spanish have risen .g to 1, at
261 to 26k. Italian are I better than that of last
night. Egyptian Government Stocks are dull.
Peruvian Bonds are firm.

Lombardo-Venetian is marked 19i to 20 ; and
Great Luxembourg, 12 to 12i.

In Bank Shares London and Westminster are
581 to 591 ; London and County, 48 to 49 ; Lon-
don Joint-Stock, 32 to 33 ; Oriental, 41+ to 42} ;
Union of London, 37 to 38 ; Imperial Ottoman, 2i
to 2.1 prem. ; Imperial, 16+ to 17 ; Consolidated,
4} to 41 ; Chartered Mercantile, 32 to 33; Anglo-
Austrian, 7 to 9 prem.
Anglo-American Telegraph is 20f to 201 ; French
Cable, 161 to 161 ; Telegraph Construction and
Mainteaauce, 32 to 321, ; General Credit, 1 to 1
dis. ; International Finance, 2 to If dis. ; and
Hudson Bay, 131 to 13k.
The Corn Market continues quiet at Monday's
rates.

In Railways there has again been a fluctuation
in Metropolitan shares, which opened at 834, and
then rose to 84, at which they now stand, a rise of
I. Berwick are higher, Great Northern (A)
and Caledonian, South Eastern, and one or two
others if each. Great Western and Midland are
very dull.
American Five-Twenty Bonds are 831 to 831
ex div. ; Erie Shares are 2u to 21 ; and Illinois,
98i to 99.
The sum of 05,000 in gold was taken to the
Bank yesterday.
The Frankfort, from New Orleans and Havannah,
has brought £12,8000 for England.
The list for the new Italian loan closes to-day
for London, and on Saturday for the country.
The subscriptions received in Paris and Italy in-
dependently of London, more than amount to
the sum required. The price to-day is 1 premium.

The new Turkish loan for a net sum of
£12,000,000 sterlicg has been contracted for by
the Coinptoir d'Escompte of Paris, and public
subscriptions will shortly be opened in London
and Pads and the other continental Bourses. The
bonds are to bear 6 per cent. interest, with a
sinking fund of 1 per cent., and special branches
of revenue will be hypothecated for their security.
With reference to the progress of the works of
the Lemberg-Czernowitz-Jassy Railway, the Direc-
tor-General, the Chevalier P. de Ofenheim, reports
that the one section of the extension (from Czerno-
witz to Suczawa), about 60 English miles, was
opened on the 28th ult., under the auspices of the
Austrian Government inspectors, the representatives
of the Austrian Administration, one of the English
directors, Sir W. R. Drake, and the consulting en-
gineer, Mr. M'Clean, M.P. The Director-General
further reports that the other sections to Roman
and Jassy (favourable weather permitting) will be
opened before the end of this year, thus completing
the entire line of nearly 200 miles. _

The acceptance by Mr. George Carr Glyn of the
Peerage will not sever Mr. Glyn's relations with the
banking-house of Glyn, Mills, Currie, and Co.
The title selected is said to be that of Baron
Wolverton, in reference to Mr. Glyn's early
chairmanship of the London and North- Western
Railway.
In explanation of the Cable telegram, with regard
to a further issue by the Erie Company of 5,000,t,00
dollars of Convertible Bonds, the American Railway
imes of October 23d has the annexed paragraph :
At the meeting last week the following resolu-
tion was adopted : ' That the President be in-
structed to carry out the policy which the Execu-
tive Committee have inaugurated, and be directed
to carry into effect the contract with the Lake
Shore and Michigan Southern Railway Company,
for a narrow gauge through line for passengers and
and freight to Chicago and the West ; and that he
be further authorized to issue $5,000,000 bonds, to
be called the narrow gauge road sinking fund, se-
cured by the proceeds of such traffic as is provided
for in such contract.'"
The Metropolitan Board of Works have issued,
With the authority of the Treasury, a prospectus of
the expected loan of £2,500,000 (sterling) in £3i
per cent. " Metropolitan Consolidated Stock." The
stock will be created under the Board's Loans Act
of last session, and the dividends, which are to
accrue from the 6th of January, are to be payable
quarterly at the Bank of England, or by post if de-
sired. The outstanding principal is to be redeemed
at par in 60 years—viz., on the 6th of October,
1929, and the security for the loan is the whole
rateable property of the metropolis, the Treasury
having control over the amount annually set aside
out of the Board's consolidated rate for payment
of dividends and redemption of principal.
The delay in the announcement of the intentions
of the Government with regard to the loan to be
raised for the purchase of the telegraph system,
Which is to be taken over at the end of next month,
exercises, it is believed, some influence in increasing
the dulness of Consols. The amount authorised to
be created is £7,000,000, in the shape either of
Consols, Terminable Annuities, or Exchequer Bills
or Bonds; and until the uncertainty as to the mode
and time of the transaction shall have been removed
the dealers in the English market will doubtless
limit their operations as much as possible.

The return from the Bank of England for the
Week ended the 10th of Nov. gives the following
results when compared with the previous week :
test
PuLlic deposits
Other deposits 17,848,517 ... Decrease 219,765
On the other side of the account :
*overnment securi-
ties £13,811,953 ... Decrease ... 200,000
Other securities 16,090,129 Increase 368,483
Notes unemployed 8,740,010 Decrease... 135,130
The amount of notes in circulation is £23,559,180,
being a decrease of £496,610 ; and the stock of
bullion in both departments is £18,273,257, showing
decrease of £213,801 when compared with the
Preceding return.
Subjoined is a comparison of the present position
of the Bank of England and the prices of Consols
41:td French Rentes with the corresponding week of
last year :

At Present. Same Week
last Year.
Bullion
Reserve
Notes in circulation 23,559,180 ... (23,9363,15
Rate of discount
Consols
ranch Itentos

The following is the official return of the cheques
ittld bills cleared in the Bankers' Clearing-house for
the week ending Wednesday, Nov. 10 :

Thursday £14,260,000
Friday
tSaturday
Mouday 10,257,000
Tuesday
Wedarsday 8,9'26,000

£67,863,000

12111111121 1FV31153-1171 traLUElli.
GOVERNMENT ri:Nllt.:
Per Cent. Consols -
. Ditto for Account, Dec 1 93i
;.13er Cent. Reduced tilt I
ieW 3 per Cent
i
°I-1° 2i per Cent. Jan. 1894
4.—°- 5 per Cen J an. 1873
Ilnuities, 80 yrs expire sth Jau., 1880 —
o.D for 30 yrs, expire' sth April 1885 lll
as- Tit e ea e e6raph), Au. 1908 —
IQ:4,9(111u Bills, £l,OOO, 2-1- p. Ut. March
Do
Do. 3 do. June
£lOO, £2OO & £5OO pm

. MG!' WATER AT LONDON BRIDGE.
MORNING. EVENING
FRIDAY 15 Irvin past 8 0 min oast 9
,`SUNDAY 0 min past 4 20 min past 4
SATURDAY 38 min past 9 15 min past 10
MONDAY 50 min past 11 0 min past 12
TUESDAY •I • 15 min past 11 95 win past 12