The Sun.
London, England, 1869-11-20 00:00:00

TviONtY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK•

Consols are now at 931 to 938 for money ;
ditto, for Account, 933 ; Three per Cent. Re-
duced, 921 I ; New Thee per Cents, 921 1
Exchequer Bills £l,OOO, March, prem. ; June,
prem. ; ditto £lOO, £2OO, and £5OO, March,
June, 9 prem. ; Bank of England Stock,
41 per Cent., 2381.
India Stock, 101 per Cent., April, 1874, ;
ditto 5 per Cent., July, 1880, 1151 15 ; ditto 4
Per Cent., Oct., 1888, 1003 1 ; ditto Enfaced Paper,
5 per Cent., 1051.
In Foreign Stocks there is a recovery in Egyptian
and Turkish. The 1860 Bonds of the former are
771 to 778 ; and the Five per Cent. Loan of the
latter jis 43 to 431; being 1 better in each case.
Spanish are stronger, at 261 to 27i. Italian is very
flat at a decline of 3, at 523 to 532, after opening
Without change.
More business is doing in American Securities
The Five-Twenty Bonds at 831 to 831, and Erie
Shares at 203 to 201, show a rise of each.
The changes in railways are all favourable. Great
Western are 1 better, Metropolitan, 1 ; and South
Eastern, London and North Western, and Midland
better. The one o'clock prices are :-7Great
Western, 54/ to 551; Midland, 1181 to 1181 ;
London and North Western, 1191 to 1`201; Great
Eastern, 361 to 361; Great Northern (A), 1061
to 1071; Metropolitan, 831 to 833 ; Caledonian,
791 to 791; Brighton, 441 to 441; and South
Eastern, 77 to 771.
Continental Railway Shares are not quite so
6rni. Lombardo-Veuetian is lower, at 191 to
191 ; Great Luxembourg is quiet, at 121 to 121.
Bank Shares are quiet, and not a single variation
is marked in prices. London and Westminster is
quoted at 581 to 591 ; Oriental, 41 to 42 ; London
Joint Stock, 32 to 33 ; and Union of London, 37
to 38.
The excitement in the Telegraph Construction
and Maintenance Market continues to attract at-
tention, and show a decline of 1, the price being
331 to 331. Anglo-American Telegraph is also
dull, at 193 to 201; and French Cable is steady, at
161 to 163.
In Foreign Mining Shares business is restricted.
St. John del Rey remains at 17 to 17. United
Mexican is inquired for, at 4 to 41; and Don Pedro
at 31 to 31 prem.
The sum of 10,000 sovereigns from Egypt was
taken to the Bank yesterday, and £24,000 was
Withdrawn for South Armerica.
The Corn Market shows increased depression,
partly in consequence of the unsettled state of busi-

Less at Liverpool.
The Turkish Government have granted a con-
cession for the construction of the Roumelian
Railways, and it is intended to issue 75,000
obligations of 400 f. each, entitling the holders to
certain lottery priz.s. It is evident that these
obligations will not be negotiable in the London
market.
Attention has been called to the circumstance
that the Metropolitan Consolidated Stock of
£2,560,000, announced for tender on Thursday
next, will be subject to a stamp of half-a-crown
per cent. on every transfer. This is not men-
tioned in the prospectus, but it must be taken as
an element of the calculations as to the price that
should be offered.
According to the San Francisco Bulletin Mr.
Koopmanschap, the organiser of the contemplated
immigration of Chinese, recently stated in that city
that the plan of taking large numbers of China-
men through the State of California and overland
to the South is not practicable, for, like other sens-
ible working men, they would be likely to stop
where the highest wages can be had. "There is a
chance for paid coolie labour in the South, but the
track of their immigration will be across the Indian
Ocean, through the Suez Canal, and across the
Atlantic to New Orleans."
The Wall-street Journal says that Mr. Drake,
who put down the first petroleum oil well in Ame-
rica, and who at one time was worth £200,000,
recently died in the poor-house. The first derrick
and engine stand over the well, and are carefully
preserved. " A monument is to be erected to his
memory, which will contain a room in which the
engine is to be placed."
The report of the West India and Panama Tele-
graph Company, to be presented ou the 26th inst.,
states that the number of share a allotted is 43,710,
which, with the 5,000 fully paid up shares to be
handed to the contractors in part payment for the
cable, represents an available capital of £487,100.
The manufacture of the cable has been commenced,
and 498 miles have been already completed to the
entire satisfaction of the company's engineer. The
directors anticipate that the greater part of the
cable may be sent out by March next. A com-
munication has been received from the Governor-
General of the Leeward Islands, expressing a desire
that those islands should be included in the com-
pany's scheme, and negotiations are in progress for
settling the terms.
The colonial produce markets this week have
been generally inactive. Prices show little varia-
tion, as supplies continue rather limited.
The prospectus of the Berlin Great Market and
Abattoirs Company (Limited) is now in circula-
tion in the London market, the object being to
obtain subscriptions for an issue of 20,000 obli-
gations. These are offered at 280 f., or £ll 4s.
each, and are to be redeemable at 500 f., or £2O,
by half-yearly drawings spread over a period of
65 years, the first drawing being fixed to take place
in July, 1872. Interest at the rate of £1 per an-
num on each obligation is to be paid half-yearly in
London, Paris, and Berlin. This is equal to 9 per
cent. on the price of issue, irrespective of the bonus
upon repayment. These obligations are in the
nature of debentures, and constitute a first mort-
gage upon the entire property and assets of the
company, including the land, which is stated to
be very valuable, and the buildings to be erected.
With reference to the Land Mortgage Bank of
India, it is notified that the drawings of the deben-
tures for redemption at par will take place on the
24th inst.
An extraordinary meeting of the Natal Land and
Colonisation Company (Limited) "will be held on
Dec. 3d, for the purpose of making certain altera-
tions in the articles of association.
ThelCouncil of Administration of the Italian Irri-
gation (Canal Cavour) Company is now constituted
as follows, viz.:—President, Commendatore Ara,
Deputy Italian Parliament; Vice-President, C. de
Bels Brownlee, Esq., Turin ; Directors : Count Pe-
ruati, Senator and ex-Minister of Interior (with
Cavour); Signor L. Gavagno, Senator and ex-Mini-
ster of Finance (with Cavour); Cavaliere Castelli,
Avvoeat ;J. Alfred Novello, E.q., Genoa; W. F.
Splatt, Esq. ; and Alex. Young, Esq.

BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT rUNDS.:
3 per Cent. Consols
Ditto for Account, Dec 1
3 por Cent. Reduced 92/ 1.
New 3 per Cent -
New 21 per Cent. Jan. 1894
Do. 5 per Con Jan. 1873
Annuities, SO yrs, expire sth Jan., 188 e.
Do. fur Su yrs, expire sth April 1885 —
Do (Red Sea Telel„raph), Aug., 1908 —
Exchoquzr Bills, £l,OOO, 21 p. Ut. March
Do. 3 do. J tine 4
Do £lOO, £2OO & £5OO 9 pm
Bank of England Stock, 41 per Cent
D,4. openiu,, —
Canada 4 per Cent. Bonds —
Inter-Colonial Oanniuni ... —
Iron LN joVERNMENT tit.euhrrikA,
hint stuck, 10} per Cent., April 1874...
Du. Opening, for Account —
Do. 5 per Cent.. July, 1880
Do. 4 pot- Cont., Oct. 1885
Do. Certificates —
Do. Enlaced Pape, 4 per Cent.. • --
Do. 5 per Cert., Jan. 1872 .... -. . 1051
Do. 51 per Cc-It. May 1679 —
DJ 5 per Cent., Ilup. Deb. 187"
Do do 1877 —
Do. do. 1881 —
U;,. Deb.' 5 per Cent., Aug.. 1873 ~ —
Do. Bonds; 4.per Cent., £l,OOO
Do. undsr £l.OOO —
FOREIGN FUNDS—CLOSING PRICES.
Argentine Republic, 0 per Cent
A ultriau Bonds 5 per cent
Do. 1659 —
Brazilian 5 par Cent —
Do. 4i per Cent. 1852 --