The Sun.
London, England, 1868-10-08 00:00:00

ONEY MARIET

AND

cOMMERCIAL

i.l

CITY, Two o'CLocK.

• The 6tock Exchange business has a more encourag-
ing appearance. The tone throughout is favourable
to increased business and higher prices. The Funds
are supported on a probable increased inquiry next
Week, when the dividend will be paid, but there is no
quotable change. Foreign bonds are firmer.
Mexican, which we yesterday quoted 154,
are now 164,
and there is also an improve-
tent in Italian Peruvian, Brazilian, and Egyptian.
American, with' the exception of Illinois shares,
are firmer. In English Railways the increased traffic
have encouraged business ; Metropolitan are nearly 2
per cent, better than they were yesterday morning,
1110 the tendency is still upwards. In Bank and
isellaneous shares the only features are the continued
ilecline in Royal Mail and a fall in Alliance on the
03s referred to below.
The Money Market retains its steady character, the
'▪ 11PP19 being rather less than it was. No relapse is
expected Until the dividend payments, which com-
mence on Wednesday. The rate is 4 to t per cent.
LICII3w the official minimum.
VThe Fonds are firm but unchanged. Consols are
i to 945 for money, and 944 to 943- for account.
xecwh e qaunedr Rteddisti,ced Three per Cents, 935 to 934 ;
16s to 20s Drew. ; India Five per
eellta., 1144 to 1144 ; Rupee Paper, 1051 to 106 k.
•is 4.8 compared with last night's unofficial close, there
viceroyris
e
at 785 to 79 ;
sosfeiveinn Brazilian, at 765 to 77 ; and of in
per Cents., at 74i to 75 ; Peruvian,
at 16 Italian, at 514 to 51i ; and Mexican,
„„,.. to 164. New Spanish are quoted at 334 to
Vi; Honduras, 894 to 90 ; Turkish Five per Cents.,
t to 404 ; ditto Six per Cents., 644 to 65 ; Dann-
lanpli to 825 ; Egyptian (1864), 824 to 834 ;
aad iceroy's Nine per Cents., 941 to 95k.
American Securities are firm. United States Five-
T
"u,,,,w,etltY Bonds show a further advance of , at 734 to
n4t ; Erie Shares 4 better, at 32 to 33 ; Illinois
Unaltered, at 95 to 96.
Atlantic and Great Western Railway Debentures
are 374 to 38, and the Consolidated Mortgage Bonds,
39i to 36/.
Lombardo-Venetian Railway Shares are 16 to 164,
being hardly so good ; and Great Luxembourg are
• 0 flat, at 105 to 101.
W
t Tote, mfiram.
rket for English Railway Shares is, on the
to Great Northern (A) is better, at 106 k
1074 ; Metropolitan, at 1061 to 1074 ,• and'an
InProventent of is established in London, Brighton,
d South Coast, at 511 to 524 ; and Caledonian, at
Onto 704
' and of in South-Eastern, at 771 to 784.
Slthe other hand, Great Northern, and Manchester,
effield, and Lincolnshire are each 4 lower, being
quoted at 107 to 108, and 474 to 471 respectively,
tlld Great Eastern, 4, at 401 to 41 ; Lancashire and
North-Western
steady, at 128 to 1285 •, London and
4, °„rtil-Virestern, at 112 to 1125 ; Midland, 1114 to
011:4;112:at Western, 49 to 495 ; and London,
and Dover, 171 to 18.
The subscription to the Italian Tobacco Loan closes
this evening:. It is understood that the applications
have been large. The present prices is to prem.
Among Indian Railways Bombay and Baroda are
quoted 105 to 106 ; East Indian, 109 to 110 ; and
Great Indian Peninsula, 109 to 110.
e a Pn
ao
draCsolonial Bonds there is a moderate request.
Six
per Cents. are 106 to 1065 ; ditto Five
Per Cents., 924 to 93 . Mauritius Six per Cents., 1034
to 1044 .
New South 'Wales Five per Cents., 1001 to
1014 ; kew Zealand Six per Cents., 1084 to 1094 ;
Queensland Six per Cents., 1074 to 108 ; and Victo-
ria Six per Cents. (1891), 113 to 114.
Bank Shares are dull, at the following prices
4-It gra (A. Shares), 114 to 125 : Alliance, 14 to 13
UiS• Anglo-Austrian 6to 7 prem. ; Chartered Mer-
cantile, 295 to 304 ; Consolidated, 44 to 44; Imperial,
16i to 174 ; Imperial Ottoman, 14 to 14
Prem. • London and County, 485 to 495 ; London
and Westminster, 65 to 66 ; ditto New, 514 to
525 ; Oriental, 44k to 454; London Joint Stock, 31
to 32 and Union of London, 33 to 34.
, In Foreign Mining Shares Rossa Grande are 4 to
1' prem. ; St John del Rey, 185 to 195 ; Port Philip,
li„.to ; and Chontales, 24 to 24.
• international Finance Shares are quoted 14 to 14
• ; London Financial, 22 to 21 dis. ; General Credit,
p to 24 dis. ; Credit Foncier, 2g ; and National
Discount, 115 to 12.
At the Rink yesterday £38,000 in sovereigns
Were withdrawn for export to India. Since the last
return the amount sent in has been £197,000, the
amount withdrawn £38,000, and the balance in favour
of the Bank £159,000.
Since the departure of the last Australian mat.
£400,000 in gold has left Melbourne for this country. The aggregate known to be at sea is £1,136,000, of
Which a portion is more than due.
The City of Brussels has brought £3,000 in
specie from the Brazils.
With reference to the Alliance Bank, we are offi-
cially informed that Mr. Miller has resigned his situa-
tion as manager, it having come to the knowledge of
the board that he had been engaged in Stock Ex-
change speculations with the firm of Spencer and
Norton, who have since stopped payment. There is
P 0 reason to believe that the bank has been directly
Injured by these speculations ; but, through the
failure of the brokers named, it will suffer to the
extent of about £15,000, the
remainder of the debt
being covered by sufficient securities.
£ The biddings yesterday at the Bank of England for
,200,000 India Council Bills on Calcutta and Madras
showed an increased demand. The whole amount
'ves allotted to Calcutta. The minimum price was
Tenders
as before at is 104 d on both presidencies.
4enders at is 114 d will receive about 84 per cent.
„ The Rio de Janeiro City Improvements Com-
pany announce a dividend at the rate of 5 per cent.
Per annum, payable the 21st inst.
The London and North Western Railway traffic
return shows this week an increase of £773 over last
leer ; the Midland an increase of £3,932 ; and the
kiteat Northern an increase of £775.
~..According to M. Schwartze's circular, the next
Liverpool wool sales are fixed for the 27th inst. For
ale. next series of London sales 42,605 bales have
rrived• Little or nothing has been done in the
bmarket since the late sales, but there are some symp-
osof improvement in the manufacturing districts,
at home and abroad, and principally in America.
The following is from Messrs. E. F. Satterthwaite's
i,Yeeeekls, circular :—" During the past week there has
a anzrsupward tendency in American securities in the
"Iton market. United States 1862 5-20's have ad-
• need to to 731 to 74, and the (1865) Bonds to 724 to
4;hi
the 10-40 Five per Cents. are also 1 per cent.
Shgbeing last quoted 681 to 69. Illinois Central
eares since our last improved 97 to 974, but the
L'-
aPid rise brought in sellers to realise profits, and the
hve has receded to 954 to 951. Erie Shares close
t° 324. In Railroad Bonds we have to note an
• ive
inquiry for Illinois Central Six per Cent.
u
I,e,s'teraption Sterling Bonds. They leave off 98 to
clu ex the Ist October coupon, being an advance of
Per cent."
;The following is Messrs. Durrant and Co.'s Cir-
a-silar We have still nothing favourable to report
reto silk—and this notwithstanding the deliveries
eve good and continue to compare very favourably
ith last
year. Large arrivals and telegraphic an-
lj-
oUncetrients of continuous large settlements have in-
;ced buyers to feel that prices may yet further de-
cline, and that their best policy is to limit their pur-
rases to their actual requirements. Thus far they
have been successful, and the prices of to-day are in
many case weaker than a month since ; but it is only,
reasonable to expect that these large settlements will
_ have ceased. Already the telegraph to-day by Kiachta
reports smaller business than for some time past, and
the unfavourable news from this side cannot fail to
reduce some effect, to say nothing of the gradual ex-
ttnustion of the supply. The last figures show that
4103 quantity settled and in stock was already more
J.La,san two-thirds of the entire expected export. In
ti;`,Pan silk the supply comes forward very slowly, and
anuci quantity of good and fine silk is very limited,
„ is taken on arrival without much variation in
,7.,l,'!es—the lower qualities are neglected. Bengal
shares in the general quiet, and to some extent
i;',,we depression of prices. The next periodical pub..
"" Sales are fixed to commence on the 21st inst."

BRITISH FUNDS—TWO O'CLOCK.
UOVERNMENT 8 per Cent. Consols FUNDS.
941 }
NDitto for Account Nov. 5 94}
Per Cent Reduced 93}
ew 3 _ .

-,,, per Cent
', e'w 2j: per Cent. Jan. 1894
1) 0* 0 per Cent. .) an. 1873
A
-`anuities, SO yrs, expire sth Jan., 1880.
Re'. for 30 yrs, expire sth April 1885 —
E"0 (Red Sea Telei„raph), Aug., 1908 —
--ex t
dequer Bills, £l,OOO, 2 per Ct —
Do.
£5OO
~ Do. £lOO Sr .£2OO • 2O
'l5 tn.k of England Stock, 1 per Cent
0 On. account . —
1 anada 4 per Cent. Bonds
titer-Colonial (Minium
, INDIAN drOVERNMF.NT SECTJRITIES.
.ticlia stock, 10i per Cent.., April 1874
9so. Opening, for Account —
,"0. 5 per Cent. July, 1880
s.:). 4 pe.• Cent., Oct. 1888
un. Certificates
Do. Enfaced Papex 4 per Cent —
Do. 5 per Cent., Jan. 1872
13°. 51 per Cent., May 1879 111; 10i
Do siDer Cent., Rup. Deb. 1872 lO4
Do. do. 1877 —
Ts Do. do. 1882 —
p
-1-k.. Deb. 5 per Cent., Aug. 18 73 ....,. 105
c.. Bonds, 4 per Cent., £l,OOO
1)o. under £l.000
FOURIGN FUNDS—TWO O'CLOCK.
4A
rult°rlatit ;Ilotnid'usbsliep'e6rpCeernCt.ellsF)..... - P
,
"41V.i.lian 5 per Cent —