The Sun.
London, England, 1868-10-30 00:00:00

MONEY MARKET

A ND
COMMERCIAL IN TELLIGENOI,

CITY, Two o'CLocic.

The business in the Stock Exchange to-day was
steady, and yesterday's prices were maintained,
notwithstanding the large transshipments of specie.
In the railway market prices in some instances de-
clined, but not to any very material extent. There
is a slightly increased demand for discount. The
rate has risen i per cent—viz., to 11 to 1. The
charge for loans in the Stock Exchange is 1 per
cent. The Stock Exchange will be closed on Mon-
day.

Consols are quoted 941 1, and,for account, 941 ;
Three per Cents. Reduced, 931 928 ; New Three
per Celit , 931 928 ; do. 21 per Cent., 1894, 76 ;
Exchequer Bilk, 17s. prem.
The market for Foreign Stocks is active. Italian
Five per Cents. show a further rise of 3-16, New
Spanish l, and Turkish Five per Cents. are 1 better.
Mexican Bonds and Peruvian Five per Cents.
have declined I. The quota ions arc :--Italian,
541 8 ; Mexican, 16 * ; New Spanhh, 31 ;
Turkish, 41/ 2 ; Greek, 12413 ; Peruvian, 821 ;
and New Egyptian Seven per Cents. of 1868,
73111.
India Stock, 5 per Cent., July, 1880, 114/ 15 ;
ditto 4 per Cent., October, 1888, 103 21 ; ditto
Debenture 4 per Cent. Bonds, £l,OOO, 16 19 ; and
ditto, under £l,OOO, 19.
The Honduras Loan is firm at 91, 92.
The scrip of the Italian Tobacco Loan is steady,
at 21 to 1 prem.
In the railway market prices have slightly given
way. In Midland, South Eastern, and Metropoli-
tan Stocks a fall of 1 to 1 has taken place. Caledo-
nian, however, is 4 better. Price are quoted as fol-
lows : London and North Western 11111121 ; Great
Western, 484 to 1 ; Midland, 1121 to / ; Lon-
don and South-Western, 874 to 881 ; Great
Eastern, 41 to 4 ; Brighton, 501 to 51; South
Eastern, 78 to 4 ; Metropolitan, 1054 to 1 ;
Great Northern, 104 to 105 ; ditto A, 1044 to 1054;
Caledonian, 72 to 4, ex div:; Lancashire and York-
shire, 1281 to 4 ; London, Chatham, and Dover,
17 to 4 ; and Manchester, Sheffield, and Lincoln-
shire, 474 to 4.
Grest Indian Peninsular Railway New Four per
Cent. Debenture stock is 944 954.
United States Five-Twenty Bonds are 4 per
cent. better, at 734 to 4 ; Erie Railway Shares,
27/ to 28, showing a decline of 11 ; Illinois Cen-
trl, 964 to 971 ; Atlantic and Great Western
Debentures, 36/ to 37/ ; and the Consolidated
Mortgage Bonds, 384 to 394.
Bank shares are steady. London land West-
minster, 634 to 644 ; London and County, 41
to 494 ; Union of London, 334 to 341; Anglo-
Austrian, 61 to 7 prem. ; Imperial Ottoman, 11 to
11 prem. ; and Consolidated, 4 to 4 prem.
There is no change in Miscellaneous shares.
The sum of £41,000 in sovereigns has been with-
drawn from the Bank, principally for India.
The Board of Trade returns for the past month
corroborate the indications from other sources
already remarked upon of the gradual improve-
ment in the commerce of the United Kingdom.
They show an increase of £781,656, or about 5
per cent. in the declared value of our exporta-
tions compared with tite corresponding month of
last year.

Messrs. Baring Brothers and Co. have received
the following remittances on account of New
Granada dividends :—From Custom-house, Santa
Marta, £37 ; Cartagena, £1,273 ; Bogota, £2,639
—making a total of 13,949.
The prospectus of a new Five per Cent. Loan of
the Charkof-Azof Railroad, guaranteed by the Im-
perial Russian Government, will be issued next
'n'oek. The price of the bonds will be 80 per cent. ;
reduced, however, by accrued interest and rebate of
interest upon auticipat d inst dments, to 78i.
It was stated yesterday, as a new feature, that a
considerable amount of Portuguese Internal Stock
was offered for sale on the London market.
News has been received that a new Spanish 6
per cent. loan for £25,000,000 sterling, at 80, re-
deemable at par by annual drawings during 20
years, will be forthwith introduced.
In addition to the redemption of Egyptian bonds
mentioned yesterday for 1869 the sum of £500,000
of the Railway Loan (being one-sixth part of that
loan) is also to be paid off on the Ist of January
next.

Attention is called to the circumstance that the
course of post between this country and New Zea-
land and Australia, ria Panama, has now been re-
duced to less than four months, replies to the let-
ters which left Southampton on the 2d of July
having been received on the 27th inst., a period of
Only 117 days. Of this 22 days and 9 days respec-
tively were afforded in New Zealand and Sydney
for answering letters, the time occupied on the
through voyage each way between Wellington and
Southampton being 47} days, and between Sydney
and Southampton 54 days.
At the meeting of the South African Mortgage
and Investment Company yesterday, it was stated
that the liabilities and expenses were being steadily
reduced, and that the shareholders may eventually
look for a return of £3 per share.
A. meeting of the Port Phillip and Colonial Gold
Mining Company was held yesterday, when a reso-
lution was passed for registering the company un-
der the Act of 1862, with the view of reducing the
Uncalled liability of the shareholders from £4 to £1
per share. A. distribution of ls. per share will be
made at the end of the month.
At the annual meeting of the Gas Meter Com-
Pany a dividend at the rate of 10 per cent. per
annum was declared.

At the annual meeting of the Liquid Meter Com-
pany the report stated that the meter had reoeived
the approval of several hydraulic engineers, and
that the company would in a short time be iu a
position to manufacture it on a large scale.
At a meeting yesterday of the shareholders of
the Chontalcs Gold and Silver Mining Company
(Limited)—Lord Nelson in the chair—the general
discussions and reports were satisfactory, showing

renewed confidence in the enterprise and the ma-
nagement at the mines. Mr. Belt's estimate was
considered to be based upon practical and reason-
able grounds. The retiring directors were re-
elected, and a vote of thanks to the chairman and
directors terminated the proceedings.
Tha return from the Bank of England for the
week ended the 28th of October gives the following
results when compared with the previous week :
Rest
PuLlic deposits
Other deposits 19,919,524 ... Decrease .. 486,330
On the other side of the account :
Government securi-
ties £15,985,874 Increase £50,000
Other securities 15,705,432 Decrease ... 176,216
Notes Anamployed 9,574,350 ... Increase ... '217,165
The amount of notes in circulation is £24,175,880,
being a decrease of £317,910 ; and the stock of
bullion in both departments is £19,844,861, showing
a decrease of £102,313 when compared with the
Preceding return.
Subjoined is a comparison of the present position
of the Bank of England and the prices of Consols
and French Rentes with the corresponding week of
last year :

Same Week
A.l Present.
last Year.
Bulllion
Reserve
Notes in circulation 24,175,880 ... 24,654,855
Rate of discount
Consols
French Renton

BRITISH FUNDS-CLOSING PRICES.

GOVERNMENT FUNDS.
/
3 per Cent. Consols
Ditto for Account, Nov.:s
y3} 2}
a per Cent. Reduced
New 3 per Cent 93 1 4
New 21 per Cent. Jan. 1894
Do. for 30 yrs, expire sth April 1885 —
1)o (Red Sea Telekraph), Aug., 1908 —
Exuhoquer bills, .£I,OOtP, 2 par Ct —
Da, £5OO
Do. £lOO & £2OO —
Dink of England Stock, 4 per Cent
Do. accouat
Canada 4 per Cent. Bonds —
1 nter-Celonial (Annum —
INDIA.N GOVERNMENT SECURITIES
t Julia Munk, 10f per Cont., April 1,674 m ... ,i