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

ONEY ISARIiET

AND

COMMERCIAL tNTALL/GICNOIt.

CITY, Two O'CLOCK.

The stock 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 155,
are' now 164, and there is also an improve-
ment 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,
and the tendency is still upwards. In Bank and
Misellaneous shares the only features are the continued
logs
in Royal Alai' and a fall in Alliance on the
referred to below.
The Money Market retains its steady character, the
Supply being rather less than it was. No relapse is
expected until the dividend payments, which com-
mence on Wednesday. The rate is to per cent.
below the official minimum.
The Funds are firm but unchanged. Consols are
NI to 945 for money, and 945 to 94i for account.
Exchequer and Reduced Three per Cents, 934 to 934 ;
Bills, 16s to 20s prem. ; India Five per
Cents., 1141 to 1144 • Rupee Paper, 105/ to 106 k.
•s As compared with fast night's unofficial close, there
icaerroiy s
rise of Brazilian, at 765 to 77 ; and of in
per Cents., at at 74/ to 75 ; Peruvian, 78; to 79 ; Italian, at 511 to 514 ; and Mexican,
tt,l6. to 164. New Spanish are quoted at 33} to
.. Olonduras, 895 to 90 ; Turkish Five per Cents.,
bit to 40# ; ditto Six per Cents., 645 to 65 ; Danu-
'utilfBls to 825 ; Egyptian (1864), 825 to 835 ;
and iceroy's Nine per Cents., 941 to 954.
American Securities are firm. United States Five-
Twenty Bonds show a further advance of 4, at 734 to
74it; Erie Shares better, at 32 to 33 ; Illinois
Unaltered, at 95 to 96.
Atlantic and Great Western Railway Debentures
are 375 to 38, and the Consolidated Mortgage Bonds,
394 to 394.
Lombardo-Venetian Railway Shares are 16 to 16f,
being hardly so good ; and Great Luxembourg are
also fiat, at 10k to 101.
The„ market for English Railway Shares is, on the
L'uol• firm. Great Northern (A) is t better, at 1061
1074 ; Metropolitan, at 1061 to 107 f ; and'an
improvement of 4 is established in London, Brighton,
tiondtoSo7uotli.Coast, at 511 to 52/ ; and Caledonian, at
and of in South-Eastern, ,at 774
chto 78f.
11 the other hand, Great Northern, and Mane ster,
Sheffield and Lincolnshire are each 4 lower, being
quoted at 107 to 108, and 47f to 471 respectively,
d Great Eastern, 4, at 401 to 41 ; Lancashire and
Yorkshire steady, at 128 to 1285 ; London and
North-Western, at 112 to 112 k ; Midland, 1114 to
; Great Western, 49 to 495 ; and London,
uhatham, and Dover, .171 to 18.
„ The subscription to the Italian Tobacco Loan doses
this evening. It is understood that the applications
have been large. The present prices is lto prem.
quoted
Indian Railways Bombay and Baroda are
105 to 106 ; East Indian, 109 to 110 ; and
Great Indian Peninsula, 109 to 110.
„ For Colonial Bonds there is a moderate request.
uanada Six per Cents. are 106 to 1065 ; ditto Five
per Cents. 924 to 93 • iNlauritius Six per Cents., 1035
to 104t
New South 'Wales Five per Cents., 1001 to
1012 ; New Zealand Six per Cents., 1085 to 1095 ;
Queensland Six per Cents., 1075 to 108 ; and Victo-
ria Six per Cents. (1891), 113 to 114.
dßank Shares are dull, at the following prices
is(A. Shares), 115 to 125 : Alliance, 14 to 13
is•ra Anglo-Austrian 6 to 7 prem. ; Chartered Mer-
cantile, 295 to :3(Vg ; duusolidated, 41- to 44; Imperial,
165 to 175 ; Imperial Ottoman, 11 to 11
Prete, . London and County, 485 to 495 ; London
and Westminster, 65 to 66 ; ditto New, 515 to
525 ; Oriental, 445 to 45; ; London Joint Stock, 31
to 32 ;_ and Union of Londoc, 33 to 34.
fu Foreign Mining Shares Rossa Grande are ft to
.prem.. St John del Rey, 185 to 195 ; Port Philip,
to 14 ; and Chontales 24 to 25.
International Finance 'Shares are quoted 14 to 1/
die. ; London Financial, 22 to 21 dis. ; General Credit,
44 to 25 dis. ; Credit Foncier, ; and National
Discount, 115 to 12.
At the Bank 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.
£460,000 in gold has left Melbourne for this country.
The aggregate known to be at sea is £1,136,000, of
which% 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 offl-
eially informed that Mr. Miller has resigned his situa-
tionL 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
-1-Norton, who have since stopped payment. There is
no reason to believe that the bank bas 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
Z,200,000 India Council Bills on Calcutta and Madras
'flowed au increased demand. The whole amount
bas allotted to Calcutta. The minimum price was
Tenders
aitols 114 d will receive about 84 per cent.
de Janeiro City Improvements Come
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
Year
at ; the Midland an increase of £3,932 ; and the
eat an increase of £775.
„According to M. Schwartze's circular, the next
44111.verpooi wool sales are fixed for the 27th inst. For
arrived. Little or nothing has been done in the
17rket since the late sales, but there are some symp-
-I,ls of improvement in the manufacturing districts,
at home and abroad, and principally in America.
The following is from Messrs. E. F. Satterthwaite's
b circular :—" During the past week there has
ee
Lo dan upward tendency in American securities in the
ti on market. United States 1862 5-20's have ad-
:,a„,n,eed to 731 to 74, and the (1865) Bonds to 724 to
; the 10-40 Five per Cents. are also 4 per cent.
ei,f4ner, being last quoted 681 to 69. Illinois Central
flares since our last improved 97 to 974 but the
rapid rise brought in sellers to realise profits,, and the
Price
tion
has
aiz t receded to 95/ to 954. Erie Shares close
cede° 32k. In Railroad Bonds we have to note an
inquiry for Illinois Central Six per Cent.
DO snip Sterling Bonds. They leave off 98 to
the Sterling
October coupon, being an advance of
Per cent."
The following is Messrs. Durrant and Co.'s Cir-
otal •
•-•••" We have still nothing favourable to report
are silk—and this notwithstanding the deliveries
wooootd and continue to compare very
.favourably
to„`11 a year. Large arrivals and telegraphic an-
d..e_ncernents of continuous large settlements have in-
cited buyers to feel that prices may yet further de-
eue, and that their best policy is to limit their pur-
l:l'l4ve4es to their actual requirements. Thus far they
been successful, and the prices of to-day are in
many case weaker than a month since ; but it is only
il'asonable to expect that these large settlements will
reareceased. Already the telegraph to-day by Kiachta
thl'n'rts smaller business than for some time past, and
hre...linfavourable news from this side cannot fail to
t,,u_clll,ce some effect, to say nothing of the gradual ex-
ti.eustion of the supply. The last figures show that
qUatitity settled and in stock was already more
ju., an two-thirds of the entire expected export. In
silk the supply comes forward very slowly, and
an quantity of good and fine silk is very limited,
.rites
is taken on arrival without much variation in
s'ii'es—the lower qualities are neglected. Bengal
itig,sehares in the general quiet, and to some extent
lie‘B4o depression of prices. The next periodical pub-
cues are fixed to commence on the 21st inst."

BRITISH FUNDS—CLOSING PRICES.
Q
. UITERNMEST FUNDS.
° Per Cent Consols
3 Ditto for Account, Nov. 5
„per Cent. Reduced 93- i
,ew 3 per Cent
'e.,,,v 21 per Cent. Jan. 1894
A "J°. 5 per Cent.an. 1873
130.,, for 30 yrs exire sth April 1885 —
E
Do (Red Sea Tele,raph), Aug., 1908_,
xeliectuer Bills, £l,OOO, 2 per Gt — pm
De.
£5OO
bO.
£lOO & £2OO 2O 17 „
13tick of England Stock, 4 por Cent
anaD. account
13da 4 per Cent. Bonds —
Illter-Culocial Ommiun
I„,3.hrmaN GOVERNMENT SECURITIES.
-.4'la %tock, 104 per Cent., April 1874
DO., Opening, for Account " 5 per Cent. July, 1880
p°• 4 pe,r Cent., Oct. 1868 -
-
Certificates -
D.,0. Enlaced Pape, 4 per Cent —
1-o. 0 per Cent. M
Jan. 1872
D—
oo. 54 per Cont., ay 1879 llll 10}
5 per Cent Rup. Deb. 1872
~ P. 104
Do
Do. do. 1877 —
,
do. 1882 —
Do.
~
Deb., 5 per Cent Aug. 1873
13onds, 4 per Cent., £l,000
Do. under £1,000
VOREIGN FUNDS—CLOSING PRICES.
Bonds r
tri •
rentine Republic, 6 per Cent ...
Brazilian
5
r4iliall 5 per Ceup er Cent. 1859 t