The Sun.
London, England, 1868-11-13 00:00:00

hio 4 B MARIKET

AND
COMMERCIAL INTELLIEFL 1,1

CITY, Two O'CLOCK.

Business on the Stock Exchange showed firmness,
and prices were well maintained ; but in the foreign
market Spanish improved I. The demand for dis-
count is not so active as was to be expected, the
rate being 11- to 2.
Consols are 911 j for money; ditto, for 'ac-
count, 941 ; Three per Cents. Reduced, 92i j ;
New Three per Cents, 921 s ; and the Bank of
England Stock, 4 per Cent.. 246.
India Stock, 5 per Cent., July, 1880, 1141 ;
ditto, 4 per Cent., Oct., 1888, 103.
In the Foreign Market New Spanish Three per
Cents. have risen nearly 1- to 341 31i. Mexican
Bonds have improved I, to 16 161, and Turkish
Five per Cents. of 1865 are fractionally
higher, at 421 6. Egyptian Seven per Cents. of
1868 ramain firm at 71 4 ; Italian Five per Cents.
at 56 ; Peruvian Five per Cents. of 1865
at 811 k ; but the Greek Bonds have given way
to 12/ 13.
The New Italian Scrip is lower, at 21 prem. ; the
New Russian (Charkof-Azof) Railway is 1 lower,
at 1/ to 11 prem.
The Honduras Loan is at 90 91.

American Securities are improving. Unnited
States Bonds are firmer, the 5-20 Bonds being 744,
741, and the Bonds of 1885 73, 731, showing a rise
of / in the latter, the 10-40 Bonds remain at 714, 4.
Western Railway Consolidated Mortgage Bonds,
39 395, being better. Eries have receded 1 per
cent., to 244 25 ; and Illinois Central, 96 964
In the Railway Share Market we have to
report an improvement of 4 in Caledonians,
Metropolitan Extension 4, Midland 5, Brighton
4, North Western 4, South Eastern 5. Great
Northern are 4 lower, and ditto A 4, Shef-
field are also 4 The quotations are :
Caledonian, 745, 5 ; Great Western, 505, 5;
Great Eastern, 434 4:; Great Northern, 1045 5 ;
ditto A, 1041 to 2; Lancashire, 128 to 4 ;
Metropolitan, 1055 to ; ditto Extension, 1034 to
4/ ; Midland, 1131 I ; Sheffield, 474 8 ;
Brighton, 501 ; North British, 324 4 ; North
Western, 113 4 ; North Eastern, 994 1001 ;
South Eastern, 794 4 ; and Chatham and Dover,
17 4.

In banks we have no alteration to report, and
the prices of miscellaneous shares remain sta-
tionary, with the exception of Anglo-American
Telegraph shares, which had declined it, the price
now being 21i 22.
The Atrato, from the West Indies, has brought
£106,795, and the City of Boston, from New York
£24,800.
On Monday next the committee of the Stock
Exchange will consider the application which has
been made for a settling day and quotation for the
Indian Tobacco Loan. The committee of the
Cavour Canal Septennial bondholders have also
formally appealed to the Stock Exchange against the
settlement of the Loan. A reform appears to be
immediately required in the practice now adoped
with respect to such cases. Whenever a case of
default on the part of a foreign Government is
Made known the committee should at once delibe-
rately investigate it, and in the event of the griev-
ance being established, forthwith notify that until
the wrong had been redressed no new loan should
be allowed official recognition. Instead of this they
wait till a loan has been brought out and fully
subscribed and made the subject for several weeks
of large transactions, and then form themselves
into a Court to decide whether these transac-
tions shall be recognised—a large portion of their
body being in most cases heavily interested in the
result.

The half-yearly coupons of the Egyptian Nine
per Cent. Loan, due 22d inst., also the bonds drawn
in October for redemption on the 22d inst., will be
paid at par on and after that date at the Londo❑
agency of the Imperial Ottoman Bank, 4, Bank-
buildings, Lothbury.

A telegram has been received of the departure
from Panama, on the 23d ult., of the steamer
Mataura, with the mails, passengers, &c., per the
Royal Mail Steam-packet Company's steamer Neva,
from Southampton, on the 2d of October. Arrange-
ments have been made which will insure the con-
tinued regular working of the mail service between
Panama, New Zealand, and Sydney.
A dividend of £1 10s. per share is to be paid by
the Anglo-Egyptian Balking Company.
Bills of exchange on the Government of Ceylon
for 250,000r5. were disposed of yesterday by tender,
at the offices of the Crown agents for the colonies.
The minimum was fixed at is. Hid. per rupee, at
and above which the whole amount was taken.
We understand that four directors of the Na-
tional Bank—viz., Sir Joseph N. M‘lienna, Mr.
Ilarvey Lewis, Mr. F. B. Renshaw, and Mr.
Philip Vanderbyl, have resigned their seats at the
board.

The report of the Buenos Ayres Great Southern
Railway Company (Limited) proposes a dividend
011 account of 12s. per share, equal to 6 per cent.
per annum.

The return from the Bank of England for the
1760 k ended the 11th November gives the following
results when compared with the previous week :- -
Ilest
,
uLlic deposits
Other deposits 19,248,711 ... Increase .. 627,646
On the other side of the account :
government securi-
ties £15,485,874 ... No change.
~,,Other securities 16,317,065 Increase 588,774
Notes unemployed 9,203,810 ... Increase ... 383,235
The amount of notes in circulation is £23,936,315,
,being a decrease of £577,055 ; and the stock of
°union in both departments is £19,358,850, showing
a decrease of £llB,BBB 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
lE* year :

Ai Present. Same Weeklast Year.
Bullion
Reserve
Notes in circulation 23,936,315 ... 24,149,650
Rate of discount
Consols
French Rentes

BRITISH FUNDS-CLOSING PRICES.

• GOVERNMENT FUNDS.:
• Per Cent. Consols
Ditto for Account, Dec 1, 94i
LI per Cent. Reduced 921 1
New 4 per Cent
N.
"6! 21 per Cent. Jan. 1894
80. ior 30 yrs, expire sth April 1885 —
t,,"0 (Red Sea Telet„raph), Aug., 1908 —
equer Bills, £l,OOO, 2 per Ct l9 Pm
o.
.£5OO
Do.
Do, £lOO & £2OO — Pm
liAn of England Stock, 4 per Cent
(~ 1)0. accomet
iallada 4 per Cent. Bonds
liter-C•lonial Omnium
INDIAN GOVERNMENT SECURITIES.
India tock, 10f per Cent., April 1874 —
~0. Opening, for Account
r`-(1'. 6 per Cent. July, 1880
`',,,°. 4 per Cent., Oct. 1888
"0. Certificates
Do, Enfaced Pape, 4 per Cent
....,1),0. 5 per Cent., Jan. 1872
5i per Cent., May
'3 5 per Cent., Rup. Deb. 91872 —
do.
D 0.1877 —
pit, Do. do. 1882
14,11",,, Deb., 5 per Cent., Aug. 1873 .„ lO6l
,"0- Bonds, 4 per Cent., .£l,OOO
,JO. under £l,000

FOREIGN FUNDS—CLOSING PRICES.
4r;entine Republic, 6 per Cent
, 00., Scrip £45 aid
Auitrian Bonds S per Cent. 1E59
te Do. 1859 63,1
_
Izilian 5 per Cent
)3
4i per Cent., 1852 —
Do. do. 185 E.— —
.
°O. do , 1860
do., 1863 —
"0. 6 per Cent., 1865
, Uo Account 771
z-.enos Ayres 6 per Cent. . —
De 2 per Cent. (Deferred 3 per Cent.‘,,
'Alba,
,6 per Cent
04ilian 6 per Cent —.
'
Do. 4k per Cent —
Uo. 6 per Cent., B —
43., 1867
`J3l.rabian 6 per Cent. '
I) • '
, tuish, 3 per Cent., 1825
DO a per Cent., 1567.. ~,,,,, 1 ••••• mm." 84