The Sun.
London, England, 1868-10-28 00:00:00

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CITY, Two O'CLOCK.
Busineza to-day in the Stock Exchange was flat.
Consols receded about per cent. ; and in the
Foreign
Market Russian Railway Securities fell
nearly per cent., the loan below mentioned being
the cause. Railway Shares also partook of the
general decline. The rate of discount is 11 to Ih-
per cent., and 1 per cent is the charge for loans in
the house.

Consols are 941 / for money and the account,
the Three per Cents. Reduced and New New Three
per Cents., 921 to 93.
In Foreign Stocks Orel Vitebsk have re-
ceded 1 per cent. ; Moscow Jaroslaw, 1 ; Nicolai,
Turkish of 1862 and 1865, 1 ; and Mexican
and Peruvian of 1865, *; Egyptian of 1868, how-
ever, have improved *. Prices are as follows :-
13railian of 1865, 784 to 791 ; Chilian of 1867,
94 to 95 ; Egyptian of 1864, 811 to 82*, ex div. ;
ditto of 1.68, 721 to ; Italian of 1831, 531
to a
).
4 Mexican, 151 to 16*; Peruvian of 1865,
84 to ; Russian of 1866, 901 to 4 ; ditto Nicolai
Railway Loan, 674 to 681 ; ditto Orel, 811 to 82*,
ex div. ; ditto Moscow-Jaroslaw, 824 to 831 ;
sPanish of 1867, 331 to 1; Turkish of 1858, 674 to
684 ; ditto of 1862, 691 to 701 ; and ditto of 1865,
44 to
8'
Indian securities are quiet. Bank Stock, 243 to
245; and Exchequer Bills, 17s. to 21s. prem.
The Scrip of the Italian Tobacco Loan is quoted
at, 21 to 1 prem.
The Honduras Loan is firm, at 91 92.
In the Railway market Caledonians are It better
and Great Western 1. Great Eastern are 1 lower,
Great Northern A 1, Metropolitan 1, Sheffield 1,
North British /, and South Easten *.
The quotations are :—Caledonian, 711
Great Western 481 1; Great Eastern,
412 to 4 ; Great Northern, 107 to 1071 ;
ditto A, 106 1 ; Lancashire, 1281 1284 ; Metro-
politan, 1051 4 ; ditto Extension, 1031 41 ;
Midland, 113 1131 ; Sheffield, 471 1; Brighton,
51 4 ; North British, 314 321 ; North Western,
7121 I ; North Eastern, 991 1001 ; South Eastern,
84 1 ; Chatham and Dover, 171 1.
Metropolitan District Railway stock is 721
741.

Great Indian Peninsular Railway New Four per
Cent. Debenture Stock is 94i 95i. A call of 25
Per Cent. Debenture stock of this Company on
Thursday, the 22th inst., making £5O paid.
Bank Shares.are without variation. •
-United States Five-Twenties Bonds are per
413. lower, at 73 to ; Erie Railway shares, 28
to ; Illinois Central, 97 to if ; Atlantic and Great
Western Debentures, 37i to ; and the Consoli-
dated Mortgage Bonds, 39 to f.
In Miscelleneous Stocks, International Finance
lia,res have been dealt in at 3-1, National Discount
,at lit 12, Peninsular and Oriental Steam at 54,
Royal Mail Steam at 52, East India Irrigation at
iBi, General Steam at 29, and Hudson's Bay at
oi.

The Stock Exchange will be closed on Monday
3:text, the 2d of November, the day fixed for
striking the half-yearly balance at the Bank of
England, where the transfer offices will also be
Shut.

Advices just received confirm the intelligence
of the wreck of the Reiver steamer, from Cal-
cutta for Hong Kong, with a cargo valued at
4300,000, on the reef near Preparis Island, on July
19. Both ship and cargo were insured in the Cal-
cutta offices to the amount mentioned, and are con-
sidered as a total loss.
The New Zealand and Pacific mails, bringing
specie to the value of £139,235, and the City of
London, from New York, has reached Liverpool,
With a small parcel, value £2,000.
The steamer Ville de Paris has arrived at Brest,
from New York, bringing £37,400.
At the half-yearly meeting of the Cape Railway
°°lnpany, a•dividend was declared upon the pre-
ference shares at the rate of 6 per cent., and upon
the ordinary shares at the rate of 4} per cent. per
annum.
At the half-yearly meeting of the Singapore Gas
Company a dividend was declared at the rate of 7i
Per cent. on the preference, and at the rate of 4 per
cent, per annum on the ordinary, capital, both free
Of income tax.
At the meeting of the Continental Union Gas
Company a dividend at the rate of 7 per cent. on
the preference, and at the rate of 5 per cent. on the
ordinary shares was declared.
Another Russian loan, to the amount of i 4,000,000,
18 Understood to be ready for introduction. The
bonds of the Charkoff-Azof Railway Company,
with the imperial guarantee, will be issued in a few
days by Messrs. R. Raphael and Sons. This line,
the earthworks of which are said to have been
nearly executed by the shareholders' capital (about
42,000,000), is expected to be opened in the course
clf next year, completing the communication from
Riga
to South, and connecting St. Petersburg and
liga with Taganrog and Rostoff. There is nothing
"' be said against the enterprise in a commercial
lisrat of view, but the question is whether the Eng-
h capitalist is prepared to neglect every other
channel of adventure in order to supply Russia
loan,
all she requires in this respect. The new
it is said, is to be issued at a price con-
siderably in excess of that of last month ; but as
that loan has attained 5 premium, there will be no
clifliculty in such an arrangement. English capi-
talists, smarting from the panic of 1866, would now
refuse to embark a single shilling in a new joint-
Stock company, whatever might be its character or
~t3rospects. But their folly is only turned from one
direction to another, and they will for the present
pour out money to Russia or to the Australian
'olnnies with as much eagerness as they formerly
manifested when they were subscribing to finance
shares.

A. prop is said to been received fro
the Italianosal Government inhave relation to its lim abili-
-4:8 en the Cavour Canal. It embraces payment
the
interest on the obligations and shares, but leaves
pe shareholders to provide for that on the bonds.
°r the half-years' interest overdue (£l5) new
()b ligations would be given with a small bonus.
the shares under the circumstances would yield a
return of only about 2k per cent., although issued
'leder a formal authority from the Sella Adminis-
tration with a guarantee of 6 per cent.
iterr von Grabow, of New York, has been ap-
pointed to the post of Consul-General of the North
German Confederation at Caracas, the capital of
Venezuela. There being numerous holders of
Venezuelantr, Bonds in Germany, it is presumed
the
he will be instructed to support the claims of
4," Venezuelan bondholders, as a memorial to
that effect was addressed to Count Bismarck some
tide
ago.
The Diario de Rio de Janeiro of the Ist inst. c0n-
;(.1;,.°13 the news of the return of Mr. Washburn, the
`ittited States' Envoy, from his mission to Para-
ay on board the Wasp. He had addressed a
re°test to President Lopez for having seized and
tained two members of the Legation in the
streets of Asuncion, while on their way from the
Legation to embark in the United States' steamer.
all the foreigners in Paraguay, only one, a
tench musician, was understood to be free at the
d4° of Mr. Washburn's departure. Among them
are about 100 Italians, 50 French, and several Eng-
-4811, an engineer and two physicians being included
111°13g the latter.