The Sun.
London, England, 1868-11-12 00:00:00

.
Ail.' 0 A K T

AND
UMERCIAL i.NTtLLIGZ

CITY, Two o'CLocK.

No alteration has taken place in the Bank rates.
The market for public securities exhibits firmness,
prices in the' foreign market showing a slight im-
provement. Consols show a rise for the account,
and a few transactions at better prices have taken
place both in railways and Bank shares.
The pike for loans on the Stock Exchange is 1
to 4 per cent.

Consols are 9413 for money; ditto, for account,
941 ; Three per Cents. Reduced, 924 3 ; and the
New Three per Cents, 923 f.
In Foreign Securities Egyptian Sevens of 1868
have risen 4, 73 74. Turkish have advanced 1 ;
ditto of 1865 to I ; Italian Tobacco, 3 ; ditto of
1861, 1 ; Egyptian of 1868, Peruvian of 1165, and
the Orel Vitebsk Railway. Loan 3. Prices are
as follows :—Brazilian, 773 to 781 ; Cliilian, 91}
to 95 ; Egyptian, 81 to 82 ; ditto of 1868, 733 to
to 3; Italian, 56 to 4 ; Mexican, 151 to 161 ;
Peruvian, 813 to 82 ; Russian, 904 to 90; ; ditto
Nicolai Railway Loan, 651 to 1; ditto Orel, 811 to
; ditto Moscow-Jaroslaw, 821 to 3 ; Spanish of
1867, 341 to ; Turkish of 1858, 69 to 70 ; do. of
1862, 69 to 70 ; and do. of 1865, 421 43.
India Stock, 5 per Cent., July, 1880, 1151 141 ;
ditto, Enfaced Paper, 4 per Cent., 92.

The Honduras Loan is firm at 91 92.
Charkof-Azof Railway Loan Scrip is it per cent.
higher, at 11 to li prem.

Italian Tobacco Loan has improved to 2 to 3.

In Railway shares Caledonian are 1 better, Great
Eastern I, South Eastern j ; while Great Western
are i lower, Great Northern 1, Lancashire /,
Metropolitan 1, Sheffield 1, London and North
Western, 1, all lower. The quotations are :
Caledonian, 74k, 5 ; Great Western, 501, 3;
Great Eastern, 431 4.; Great Northern, 1041 5 ;
ditto A, 1041 to / ; Lancashire, 1271 81 ; Metro-
politan, 105* 6 ; Midland, 1111 ; Sheffield, 471
; Brighton, 49/ 501 ; North British, 321 4 ; North
Western, 1111 ; North Eastern, 991 1001 ;
South Eastern, 78 1 ; Chatham and Dover, 161
171.

United States 5-20 Bonds have improved I per
cent., the present priCe being 74 to k. Erie Rail-
way shares are at 254 to 26k, showing a fresh de-
cline of

In Bank Shares London Joint-stock are rather
better, at 33i ; City, 12 ; and Union of London,
34i ;, London and Westminster, 621 to 631 ; Anglo
Anstrian, 7to prem. ; Impend Ottoman, lt to
prem. ; and Consolidated, to prem.

In miscellaneous shares prices are as follows :
General Credit, 21 to 2 dis ; Hudson's Bay, 141
to 4 ; ffational Discount, 111 to 121 ; Atlantic
Telegraph Eight per Cent. Preference, 3f to 4 ;
and Anglo-American, 31i 22.
At the Bank of England yesterday there was a
Withdrawal of £60,000 in gold.for shipment to India
making £l2o,oootaken out since the date of the
last Gazette return. The Pereira has arrived
at Brest with £88,600 from New York ; and the
Louisiane has arrived at St. Nazaire from Mexico
with £97 230
___ •

The will of the late Mr. Robert Oliverson, un-
derwriter and insurance broker, and member of
Lloyd's since 1817, was proved at Doctors'-com-
mons, and his personal property was sworn to be
under £300,000.
A cable telegram says that the Commercial Bank
of St. John's, New Brunswick, has suspended
Payment.

An order was made by Vice-Chancellor Malins
Yesterday discharging the receivers of the Great
Eastern Railway, and the concern is therefore
now out of Chaucery. This is a satisfactory- ter
nunation of what might have been a protracted
suit.

At the meeting yesterday of holders of Ecuador
Bonds, convened to receive the report of the Com-
mission of Agency relative to the payment of the
dividend due on the Ist May, 1867, it was stated
that the import duties showed a surplus in excess of
10s. per coupon, and it was agreed to defer the dis-
tribution of the funds in baud till a further amount
had been received.

The meeting of foreign bondholders at the Lon-
don Tavern yesterday was largely attended. A
series of resolutions, having for their object the
formation of a central council of bondholders,
which would act as the representative of the whole
bo ly iu all cases in which their interests were in-
volved, were adopte I unanimously. It was appa-
rent on the part of the gentlemen present that the
scheme which they embodied would prove to be of
considerable practical value.
The creditors of the National Provincial Marine
Insurance Company (Limited) will receive a second
dividend of 4s. in the pound at the offices of the
liquidator, Mr. Robert Fletcher, on or after the
19th inst.
A communication inserted regarding the Vene-
zuelean debt from Mr. F. H. Hemming was errone-
01181y stated to be from the Venezuelan Consul.
A memorial to the Committee of the Stock Ex-
change has been presented by the Sardinian Rail-
way Company requesting them not to grant a
settling day for the Italian Tobacco Loan. They
Charge the Italian Government with having broken
faith with them and rendered their property value-
-4'83) and on this ground urge the committee " to
exercise the wholesome power they possess of com-
P'lling foreign Governments to be honest who are
beyond the reach of legal tribunals." The folly of
the Italian Government in these matters seems to
be nearly as great as that of Portugal, and because
theyborrohwaivnegnot yet utterly destroyed their power of
borrowing
they delude themselves into the belief
that dishonesty may be profitable. The fact that
Where they are now obliged to pay 10 or 15 per
cent. they might, under better circumstanees, have
t° Pay only 5 or 6 never seems to enter into their
calculation, and in the same way they fail to take
into account the ruinous indirect consequences,
moral and material, from the loss of financial
prestige. As regards the Italian Tobacco Loan,
whatever may be the decision of the Stock Exchange
Comirittee, it must be satisfactory to the holders
to know that, unlike the ordinary Italian securities,
it is protected by a tangible pledge in the hands of
their representatives, which will prevent the pay-
ment of the dividends from being in any way de-
pendent on Government precision.

BRITISH FUNDS—CLOSING PRICES.
• UOVERNMENT FUNDS.
. Per Cent. Consols .. -
. Ditto for Account, Dec. 1......... 94-
ilittevr ent. Reduced
New ' 3 per Cent
17 21. per Cent. Jan. 1894
'Jo. tor 3u yrs, expire stli Apt il 188 a —
x,i)? (Red Sett Tele6raph), Aug., 1908 —
o
uequer Bills, £l,OOO, 2 per Ct — Pul
Do,
£5OO
1i,,,
ZlOO & £2OO — Pm
r‘nk of England Stock, 4 per Cent
un. account
innada 4 per Cent. Bonds —
ter-Colonial Cranium
1.,
.IsDIAN dOVERNMENT SECUItITIE6
lla stock, I.oi- per Cent., April 1874 —
DO•,, Opening, for Account —
fr. 6 per Cent. July, 1880
`,.°. 4 per Cent., Oct. 1888
ue. Certificates
O. Enfttced Pape 4 per Cent 92
Do -___ D • 0 per Cent., Jan. 1872
13°' Si Per Cent., May 1879 llO4
4 5 per Cent Rup. Deb 1872
~ P. •
Do, do. 1877 —
o do. 1882
~.. Deb., 5 per Cent., Aug. 1873
uo- Bonds, 4 per Cent., £l,OOO
De• under £l,OOO
pm

rOREIGN FUNDS—CLCSING Piller S.
4r.;entine Republic, F per Cent ......
A 110-, Scrip 4 45 paid
4,Lnitrnit Bonds 5 per Cent. 18;:,:i
br,s, o. leo —
.0 tilian D 6 per Cent —
r;o• 11 per Cent., 185' —
Uo.uo. . 1858 —
,s do , 1860
T.,1"0- do. 1863
~
"0- 5 per Cont., 1865 —
78
8 90 Account 7B
-0 .eitios -tyres 6 per Cent.
C Do 2 per Cent. (Deferred 3 per Cent )--
~,'1""t, 6 per Cent.
. -4itila 6 per Cent —
1)0. 4i per Cent —
UO. 6 per Cent., B —
4-',0.1 1867
41°1 7 P Cont., 18661