The Sun.
London, England, 1868-11-26 00:00:00

ItAft-KET

A ND
COMMERCIAL INTXLLAGNisIOh.

CITY, Two O'CLOCK.

At the Bank the inquiry fbr discount is limited.
In the open market there is no new feature. The
capital available is very large ; but paper to absorb
it does not increase. The market rate is 2i to 2i
per cent.

The directors of the Bank of England, after the
usual consultation, separated without making any
alteration in the official rate of discount.

Consols are 944 s for money; Three per Cents.
Reduced, 928 I ; New Tkree per Cents, 928 ;
Exchequer Bills £l,OOO, 2 per Cent., 14 prem. ;
ditto, £lOO and £2OO, 18 prem. ; Bank of England
Stock, 4 per Cent., 246 4.
India Stock, 101 per Cent., April, 1874, 219 ;
ditto, 5 per Cent., July, 1880, 1161 8 1 ; ditto,
4 per Cent., Oct., 1888, 103 21.
In the Foreign Stock Market there is not any-
thing like an active business. Spanish have, how-
ever, improved 4, but Peruvian are lower,
while others stand firm at the improvement of
yesterday. Honduras Bonds are 90 to 91 ; Nicolai
Bonds, 651 to 66 ; Orel Vitebsk Bonds, 801 to 81 ;
Portuguesa Three per Cents., 391- to 401 ; Italian
of 1861, 551 to 568 ; Turkish Five per Cents. of
1865, 418 to 44; Mexican Three per Cents., 151
to 151 ; Spanish New Three per Cents., 3411 to 35;;
ditto, New Deferred, 331 to 34; Peruvian Five per
Cents. of 1865, 811 to 82 ; Brazilian of 1865, 771
to 781 ; Egyptian of 1868, 744 to 741.
The Railway Share Market openedat the annexed
prices, Midland being 4 lower, and Caledonian
higher: —Brighton, 481 to 48* ; Caledonian, 74
74*; Great Eastern, 42 to 421 ; Great Western.
49k to 491 ; Great Northern A, 1054 to 1051 ;
Lancashire and Yorkshire, 1284 to 1282 ; London
and North-Western, 1121 to 1131 ; London,
Chatham, and Dover, 168 to 171 i ; Metropolitan,
106 to 1061 ; Midland, 111 to 1121; North Bri-
tish, 324 to 321 ; and South Eastern, 798 to 791.
Colonial Government Securities are firm at prices:
—Canada Six per Cents., 107 i to 1081 ; ditto Five
per Cents., 95 to 951 ; New Zealand Five
per Cent. Consolidated Bonds, 961 to 974; New
South Wales Five per Cent. Bonds of 1875,
1014 to 1028 ; ditto, 1888 to 1896, 7001 to 101 ;
Nova Scotia Six per Cent. Bonds, 1875, 105 to
1051; Queensland Government Six per Cent.
Bonds of 1844-5, 108 k to 109 ; Victoria Six per
Cents., 1091 to 1091.
Bank Shares are steady. Chartered Mercantile,
29* to 301; Consolidated, 1 to 8 prem. ; London
and County, 51 to 52 ; London Joint Stock, 35
to 36 ; London and Westminster, 67 to 68 ;
Oriental, 421 to 431; Union of London, 36 to 37.
The Miscellaneous Share Market is quiet. Anglo-
American Telegraph, 22 to 221 ; the Eight per
Cent. Preferential, 38 to 4 ; Hudson's Bay, 144
to 14
; Notional Discount, 114 to 12 ; Luxem-
uour4.l6 --,
108 to 101.
The sum of £120,000 in gold for the Continent
"as withdrawn from the Bank yesterday, making a
total of £158,000 during the week since the date of
the last return.
The Neva, from the West Indies, has brought
£179,343 ; the Kent, from Melbourne, £272,516 ;
and the Liberator, from Sydney, £23,904; making
a total of £475,763. The Great Britain is ex-
pected in tne course of a few days with about
£200,000.

With regard to the Erie Railway Company some
statements were current yesterday of the re-
14°Val of Mr. Gould from the receivership, bat a
telegram late this afternoon says that his appoint-
Inent has been confirmed by the District Court of
the United States.
A. direct line of steamers between Stettin and
New York is contemplated.
Some English fire insurance companies are about
to start a paper at Berlin to vindicate their in-
terests against the German companies, by which
they are often assailed.
The coupon due on the Honduras Railway Loan
Ott the Ist January has been announced for pay-
ment at the London and County Bank on that
date. The trustees having also received the neces-
sary funds for the dividends due on April 1 and
July 1, 1369, give notice that they are prepared to
mrnediately prepay those coupons under discount
at the bank rate.

At an extraordinary general meeting of the
Malta and Mediterranean Gas Company (Limited)
a dividend of 2 per cent. was declared for the half-
year.

Advices from Manchester announce the failure of
Mr. Robert Parkinson, yarn agent, occasioned, it is
understood, by the suspension of Mr. Hargreaves,
manufacturer, at Burnley.
The London and North-Western Railway traffic
return shows this week a decrease of £3,048 com-
Pared with the corresponding period of last year ;
the Midland an increase of £5,325 ; the Great
Northern a decrease of £2,231 ; and the Great
Eastern an increase of £526.
The Metropolitan Railway Company intend to
aPPIY to Parliament in the ensuing session for
Power to raise additional capital to the amount of
600 000
.

„ The meeting of the bondholders and creditors of
'ac Italian Irrigation Canal Company was held
Yesterday, Mr. Evans, one of the directors in the
chair, when he proposed two resolutions, which
were carried unanimously—first, that the meeting
eolWdered the interest of the bondholders and cre-
ditors
would he best served by leaving the matter
‘ll the concordat in the hands of the agents of the
respective classes in Italy ; secondly, that in the
°Pinion of the meeting it is most important, in the
eo4lruon interest of all, that the affair should be
taken out of bankauptcy, and the payment of in-
terest resumed on the Ist of January next.
The Crown agents for the Colonies have an-
ll°llneed the continued conversion of the various
loans of the Government of Now Zealand (general
44d provincial) into Consolidated Five per Cents.,
on the terms previously published, and which are
the
repeated. By this arrangement it is open to
Lhe holders of old debentures to exchange them for
j.llew any time before the 31st December next, when
he operation is to be finally closed. The total
amount still unconverted is stated to be now as fol-
lows :—Five and Six per Cents. of the Geueral Go-
l'ernluent, £1,305,800 ; Six, Seven, Eight, and Ten
Per Cents. of Provincial Governments, £570,400 ;
total, £1,876,200 ; while the New Five per Cent.
'ensols, which have taken the place of the old se-
curities, amount to £3,980,000.
The Madrid advices yesterday announce that
.1
Zesiirs. Rothschild have contracted•for a loan of
Ll°oo,ooo sterling to the Spanish Government,
aa"uch will soon be introduced in Paris and Lon-
mon.

The
advices from Frankfort state tbatduring the
past week a degree of excitement has been pre-
:alent on the Bourse greater than had been wit-
reed since 1856. In the shares of the Austrian-
reach Railway another rise of 12 per cent. was
established, and in those of the Credit Bank 7 per
cte.4l t. Lombards and Elisabeth came in later, but
,71 they closed 5 per cent. higher than in the pre-
en week. The movement, it was thought, might
Itl.llder favourable circumstances, yet continue for a
aitsnle, but it appears unsound, as all descriptions of
",l'es rise indiscriminately, the probable dividend
being
disregarded, while at the same time the Aus-
trianld funds have hitherto failed to participate in the
'E
"nee, National stuck being quoted 54, and the
nglish Loan 62k. The amount of business trans-
acted has been extraordinary.

BRITISH FUNDS—TWO O'CLOCK.
„ GOVERNMENT FUNDS.
1 .
0 Per Cent. Consols 9ll
_
~ Ditto for Account, Dec. 1
921 1
~.per Cent. Reduced
921 1
New
3 per Cent
4,10‘v 2 Per Cent. Jan. 1894
O.
lor 30 yrg, ex ire sth April 1885 —
Do (Red Sea TeleP h) A g 1908."
grap , o ~
14
I,,licquer Bills, £l,OOO, 2 per Lt Do,
£5OO
Do,
13-tuk of Englt
a £lOO & £2OO lB
Do. accounnd Stock, 4 per Cent
later-Colonial Uranium
Canada 4 per Cent. Bonds
, iNDIAN GOVper
BECURITIE P.
glaia tock, 10f Cent., April 1874„, 219