The Sun.
London, England, 1859-08-13 00:00:00

THE NEW RUSSIAN LOAN.

(Feom the Times City Article.)
The particulars have been published of the new
Russian Loan. It is to consist of £12,000,000 3
per cent. stock, to be put forth at 68, with dividend
from the Ist of May last. A deposit of 3 per cent.
is to accompany the applications, and the remaining
payments will be 12 per cent. on the 30th August,
13 per cent. on the 24th September, 14 per cent. Ist
November, 13 per cent. 10th December, and 13 per
cent. 25th January. Under these circumstances
the real cost to subscribers will be about 661. Three
per cent. interest is to be allowed for prepayment of
instalments, and for all sums after the first 15 per
cent. bonds will be immediately issued, if desired.
The dividends are to be paid in London, on the Ist
November and the Ist May, by Messrs. Thompson,
Sonar, and Co., and applications for the loan are to
be addressed, not later than the 20th inst., to that
firm, or to Messrs. Mullens, Marshall, and Daniell,
or Messrs. Joshua Hutchinson and Son,

(From the Daily News City Article.)
The conditions of the Russian Three per Cent.
Loan of £12,000,000 accord exactly with those
given in the Daily News of the Bth inst., save as
regards the exception then made, concerning the
dates for payment of the instalments. The price
fixed is 68 per cent., but as the final instalment
does not fall due until the 25th January next,
whilst a whole half-year's dividend will be receiv-
able on the Ist November, the price to the subscriber
is reduced to about 661 per cent., independent of
the allowance of 3 per cent, discount on payments
in advance. A Russian Three per Cent. Stock at
661 is undoubtedly cheap, in relation to the French
or English Three per Cents., especially considering
the advantage presented through the operation of
the large and constantly accumulating sinking fund
of 11 per cent. per annum. As this 11 per cent. is
calculated upon the nominal amount of the loan, it
follows that a sum of 11180,000 will be invested an-
nually. With the Four-and-a-Half per Cent. Rus-
sian stock, now at par, the operation of the sinking
fund acts as a check, Whereas with the New Three per
Cent, stock it will act as a strong stimulus to the
price. The preliminary deposit is fixed at 3 per
cent., and the total deposit, due the 30th inst., at
15 per cent. The circumstance that bonds wil be
given for every payment after the first will facili-
tate the transfer of the loan into strong hands. The
payments are spread over a total period of five
months, but it is impossible to say what portion of
the £8,000,000 forming the cash proceeds of the
loan will be drawn from England, since all previous
Russian loans have been largely absorbed on the
Continent, where a score of subscription lists are
now lacing organised for the present one. From
St. Petersburg, Berlin, Hamburg, Frankfort, Am-
sterdam, and Paris numerous applications are ex-
pected. The list will be kept open until Saturday
the 20th, in order to allow time to the foreign sub-
scribers. The loan is announced through Messrs.
Thomson, Bonar, and Co., of London and St. Peters-
burg—one of the oldest mercantile firms in Europe.
The manifestations repeatedly given by the present
Government of Russia of its desire for peace and
commercial progress will 'go far to promote the suc-
cess of the pending negotiation.

MIS DAY'S MARKETS.

COVENT-GARDEN.

The supply of most kinds of vegetables is seasonably
good, but of fruit very moderate. A fair busines has been
done in most kinds of produce, as follows