The Sun.
London, England, 1869-12-01 00:00:00

LONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
Business is more active to-day, awl prices gene-
rally are better. American stocks have improved,
but in Railways Metropolitans have fallen fullen 1

per cent. Telegraph Maintenance and Construe-

tion shares have fluctuatel very much, and prices
are now 1 per cent. lower.
Consols are now at 934 to 931 for money;
ditto, for Ac.iount, 931 ; Three per Cent. Re-
duced, 921 2 4; New Three per Cents, 921 2 1 ;
Exchequer Bills £l,OOO, March, par ; June,
2 7 prem. ; ditto £lOO, £2OO, and £5OO, March,

; June, prem. ; Bank of England Stock,

44 per Cent., 238 40.
India Stock, 10i per Cent., April, 1874, —;
ditto 5 per Cent., July, 1880, 114 i ; ditto 4
Per Cent., Oct., 1888, 1002 ; ditto Enfaced Paper,
56 per Cent., —.
In the Foreign Market Stocks aro firmer. Italian
are 4bettor, at 53i to 53:7 ; Egyptian (18G8) also

"proved to 7G to 76,1 ; Turkish (1865) are -I
higher, at 651 to 661 ; Argentine are marked 84
to 85; ditto (1860), 76:: to 76i ; Peruvian, 83

to 83i ; Charkoff, 80 to 80; ; Spanish, 26i to 271;
Five per Cents., 43 to 434 ; Mexican, 134 to 13i1 ;
Viceroy's Seven per Cent. Loan, 804 to 80:1.
In the Railway Market Metropolitan have de-
clined to 831 to 83/, a fall of 11 per cent. ; Mid-
lands are now 1184, or 1 lower ; Great Northern

A Stock is 1 lower, at 1031 ; Great Western are
551 to 551, a decline of i; London, Chatham, and
Dover, at 154 ; Caledonians are now 79 to 791 ;
London and North Western, 1211 to 122 ; Lon-
don and South. Western, 93 to 95 ; South Eastern,
761 to 77 ; and Berwick, 1181 to 1191.
_ _ .

In Bank Shares there has been a decline of in
Imperial Ottoman, the price being 2 to 21 prem.

London and Westminster is quoted at 581 to 59k;
London and County, 48 to 49 ; Anglo-Austrian,
11 to 13 prem. ; Alliance, 12i to 13k.
_ French Telegraph Cable are heavy at 151, sellers,

being a further decline of since the opening.
Anglo-American is steady at 191 to 20; and
Atlantic Eight per Cents., 2- to 2/.

Construction and Maintenance shares are flat, at
32 to 321. _ • - • - •

American Five-Twenty Bonds are firm, at 84 to
84 ex div. ; Erie Shares are lower, at 21 ; and
Illinois are 981 to 991.
At Mark-lane this morning there was a fair at-
tendance for Wednesday, with a moderate inquiry.
The small supplies of English wheat met a steady
sale of fully the terms of Monday last. Foreign
wheats were well held, and for Russian and Ameri-
can the tendency was against buyers. Floating
cargoes have realised Is. advance since Monday.
The sum of £40,000 in gold was withdrawn from
the Bank yesterday.
The Arno has arrived at Lisbon, from Brazil, with
£33,000, and the Kate Waters, from Auckland,
New Zealand, with £39,272.
The steamer Copernicus at Liverpool, from the
River Plate and Brazil, brings £12,700. A. great
fire had occurred at Bahia on the Ist of November
and had destroyed property estimated at £60,000.
The quotation of exchange at Bahia on the Bth of
November was 191 d. Cotton had advanced there
to 13 milreis 700 reis.

The lUanchester markets this week have opened
with more steadiness, and manufacturers in some
Cases demand an advance.

Mr. David Chadwick telegraphs by cable, as
the first result of his mission to the United States
in connection with the Atlantic and Great West-
tern Railway, that Messrs. Gould and O'Doherty
have been displaced as receivers, and Judge Hitch-
cock, a man of high character, a director of the
Alahoning line, appointed in the place of one of
them.

At a special meeting of the Telegraph Construc-
tion and Maintenance Company (Limited) resolu-
tions approving the proposal of the directors to re-
turn £8 per share of the capital, as previously an-
nounced, were agreed to.
Messrs. Samuel, Montagu, and Co. have an-
nounced that they are authorised to receive appli-
cations for £398,300 Four-and-a-Half per Cent.
Bonds of the Dutch Indian Railway Company at a
price equal to 91k, at which, reckoning the fact
that they are to be repaid at par in 37 years, they
will yield nearly 51 per cent. Both interest and
capital are absolutely and unconditionally guaran-
teed by the Dutch Home Government. The list is
to close on Monday.
An exclusive concession has been granted by the

Spanish Government to Messrs. Graham and Hean,
of London, for 40 years, for a submarine cable
from Manilla to Hongkong and Singapore, and for
a telegraph system for the whole of the interior
of the island of Luzon ; also for all the commu-
nications from the island of Luzon to the whole
of the other Spanish possessions in the Philippine
Islands.
The Lemberg-Czernowitz-Jassy Railway Com-
pany have notified the opening of another • portion
of the line from Suczawa to Roman, the first section

to Moldavia, thus shortening the approach to the
Black Sea by 103 kilometres, without taking into
account the Paskain-Jassy line, which the company
expect likewise to complete by the end of this year
simultaneously with the Russian works from Tiras-
pol (Bender) to Kischeueff.
It is stated that the new issue of 60,000 £2O
shares, making £1,200,000 additional capital, of the
Great Southern of India Railway Company has
been fully subscribed, and that payments on ac-
count, to the extent of £355,000 have already been
made to the Treasury of the India-office. This
stock is guaranteed 5 per cent. per annum by the
Secretary of State for India, and has been issued at
£3 per cent. premium.
TheTowerSubway, constructed-on the designfsof
Mr. P. W. Barlow, will shortly be opened for traffic.
The permanent way is laid, and according to recent
experiments the journey of the carriage from shaft
to shaft will not exceed one minute. Working only
12 hours a day the line, it is stated, will be able to
convey with facility 2,000,000 persons per annum.
With regard to the "Southwark and City Subway,"
for which notices have been given, it appears that
the object of the promoters is to construct a double
tunnel capable of conveying eight millions of pas-
sengers annually, at fares fixed at a halfpenny for
second-class and a penny for first-class, which it is
estimated should pay from 15 to 20 per cent. on
the proposed capital of £lOO,OOO. The line will
commence near St. George's Church in the
Borough, passing under the centre of the Borough,
diverging under Hibernia Wharf to avoid London-
bridge, and terminating in Arthur-street, near Can-
non-street, city.

13111T11111 F131()11—T/TO e'OLOOK.
GOVERNMENT FUNDS.
3 per Cent. Consols
Ditto for Account, Jan. 6
3 per Cent. Reduced 92 } 2 i
New 3 per Cent
Now 3} per Cent. Jan. 1894
Do. 5 por Len Jsn .187 3
&nullities, 80 yrs, expire sth Jan., 1880.
Do. for 30 yrs, expire sth April 1885 —
Do (Red Sea Telebraph), Aug., 1908_
Excaegur,r Bills, £l,OOO, 21 p. Ct. March -
DJ. 3 do. June 2 7
D. £lOO, £2OO & £5OO Pin
Bank of England Stock, 4i per Cent
Dm. opening
Canada 4 por Cent. Bonds
later-Colonial Omnium
1:,131AN UOVERNIsIENT SEctairriEb
ladi L itock, 10} per Cent., April 1874_,
Opening, for Account
Do. a per Cont..luly, 1880
Do. 4 per Cent. Oct. 1888
D 3. 0 3rtificatos
Do. Eufaced rapt, 4 per °Aut...., —
Do. 5 per Cert., J an. 1872 .... e: —
Da. 51 per Ce-it. May 1879 —
Do 5 per Cant., Rup. Deb. 1872 —
Do do 1877 —
Do. do. 1882 —
D-.;. Deb., 5 per Cent., Aug. 1873 ~ —
Do Bonds, 4 per Cent., £l,000
. _.

Do. under £l.OOO
FOREIGN FUNDS— TWO O'CLOCK.
Aigentine Republic, t per Cent
Ili-Arian Bonds 5 per cent .

Do. 159 —
Brazilian 5 por Cent —
fa D. 4/ por Cont. 1852 77
Do. do 1858....
Do. uu 1660 74
Do. do., 1863 72/.
Do. 5 per Cent., 1t360 -