The Sun.
London, England, 1868-09-29 00:00:00

MONEY ItIAREET

AND

COMMERCIAL I.NT)ILLICIENCB,

CITY, Two o'CLocK.

The stock markets are steady, with a favenrabli
tendency. The variations, however, are unimportant.
In foreign stocks, where there is rather more anima•
tion, Spanish are very flat, and I per cent. lower.
Whether the insurrectionists defeat the Royal party
or are themselves defeated, the holders fear immediate
financial inconvenience may imperil their dividends
As regards railways, Illinois are firmer, upon the ex-
pectation of a bonus next month instead of at the end
of the year. The English lines are unsettled, but the
general tendency is good. _ _ _ _
Money is unchanged, at 11 to 11 per cent.
The Tasmania has brought £231,680 in specie from
the West Indies, and the Benloman, from Sydney.
£9,828 in Australian gold.
Consols are steady at 941 to 941 for money and
account. New and Reduced Three per Cents., 93i
to 93i ; Indian Five per Cents., 1141 to 115 ;
Exchequer Bills, 15s to 20s prem.
In Foreign Stocks the chief movement is a decline
of in New Spanish, at 311. The quotations are
—Honduras, 881 to 89 ; Mexican, 14i to 15k; Greek,
12 to 121 ; Italian, 50-1, to 51/ ; Turkish, 381 to
381 ; Brazilian, 76k to 76/ ; Peruvian, 78 to 781 ;
Danubian, 79-k to 801 ; Orel-Vitebsk, 832 to 84 ;
Nicolai, 661 to 67 ; and Jaroslaw-Moscow, 31 to 3k.
In American Securities United States 5-20 Bonds
are flat at 722 to 73 ; Erie Shares are 1 lower, 32f to
321; while Illinois are better at 94 to 95.
Atlantic and Great Western Railway Debentures
are 371 to 38i ; and the Consolidated Mortgage
Bonds, at 391 to 40±.
Foreign Railway Shares are steady. Great Luxem-
bourg is quoted at 10k to 111 ; Lombardo-Venetian,
16/ to 16±.
Great Indian Peninsula Railway New Four per
Cent. Debenture Stock is 941 to 951.
Canadian Railway Shares are rather firmer. Great
Western of Canada is inquired for at 14k to 141; and
the Grand Trunk at 16-k to 17.

English Railway Shares are steady, the only quot-
able change being in Sheffield, which is 1 lower, and
Midland, which shows an improvement of 1. Cale-
donian is rather flatter, at 68i to 681 ; Lancashire
and Yorkshire, 128 to 1281 ; Midland, 1111 to 1121 ;
South Eastern, 781 to 79 ; London and North
Western, 1121 to 113 ; Great Northern, 1081 to
1091 ; ditto (A), 1091 to 1101 ; Great Eastern,
401 to 411 ; Great Western, 491 to 50; London,
Brighton, and South Coast, 511 to 521 ; Manchester,
Sheffield, and Lincolnshire, 461 to 47 ; Metropoli-
tan, 106± to 1061; London, Chatham, and Dover,
171 to 18.
Bank Shares continue to attract little attention,
and prices generally are without movement. Union
of London is quoted at 341 to 351 ; London Joint
Stock, 311 to 321 ; Oriental, 441 to 4544 ; Londou
and Westminster, 651 to 66 ; ditto New, 521 to 531;
London and County, 49 to 50 ; Imperial Ottoman,
to 1 prem. ; Imperial, 161 to 171 ; Consoli-
dated, 4a to ; Chartered Mercantile, 291 to 301 ;
Anglo-Austrian, 51 to 61 prem. ; Alliance, 13 to 12
dis. ; Agra (A), 111 to 121.
Foreign Mining Shares are little dealb in. St.
John del Rey remains at 181 s to 191 ; Port Philip,
11 to 11 ; Chontales, 21 to 21; Rossa Grande, 1 to
1. prem.
Miscellaneous Shares are very quiet. Anglo-
American Telegraph is quoted at 20/ to 211 ;
Atlantic Telegraph Eight per Cent., 3 15-16 to
4 1-16 ; Hudson's Bay, 141 to 15/ ; London General
Omnibus, 11 to 2 ; Fore-street Warehouse, par to 1
prem.
The sum of £44,000 in gold was sent into the Bank
yesterday.

The White Rose has arrived with £192,500 in gold
from Melbourne.

The half yearly meeting of the Tourbise, Landon,
and Hassett Railway was held at Brussels on Satur-
day, when a dividend was ordered to be paid on the
Ist October of is lid per share for the dividend
shares, and 6s per share for the progressive shares,
less income tax for the six months ending June 30.
The Stock Exchange committee have appointee
Tuesday, the 6th of October, a special settling day in
the scrip (15 per paid, and fully paid up) of the
loan for the Moscow-Jaroslaw Railroad Company,
and it is to be quoted in the official list.
The following are the rates of continuation, etc.,
for the settlement closing to-morrow :
Caledonian

-1-16 to 3-16 back, closing even
to A back.
to 3s contango, closing In
to 2s.
...I to A contango.
—l-16 to 3.16 contango, closing
even to A contango.
Leeds Stock ... ...A to j do.
London and North Western...l to do.

great Eastern

Great Northern
Do. A ...

Great Western
Midland ...

_146 to 3.16 do.
...1-16 back to 1.16 contango,
closing even to back.
...1-16.t0 3.16 do., then even to
to contango.
Dovers to contango.
Berwick ... ...even.
York and North Midland ...even.
Sheffields ,1 to contango.
North British ... ...even.
Great Western of Canada ...3d to 9d contango.
Grand Trunk of Canada ...6d to is do.
Brighton ... —l-16 to 3.16 do.

Metropolitan

The Italian Tobacco Loan is expected to be intro-
duced in Paris and Loudon this day week, the 6th
October. The capital of the company which has
taken the contract will be 50,000,000 fr., or two
millions sterling, in shares of 500 fr. each ; in addition
to 470,000 obligations also of 500 fr. each,
representing £9,480,000, so that the total amount
will be £11,480,000 sterling. Half the number of
shares are to be allotted to the holders of the obli-
gations in the proportion of about one share to ten
obligations ; and the obligations are to be redeem-
able at par in thirty half-yearly drawings, the first
of which is to take place in April, 1869. The
price of issue is expected to be 407 fr. 50c. ; but
by various allowances it will be reduced to
395 fr. net. The obligations are to be considered
as State funds—that is to say, that they will not
be subjected to any other tax than that paid by
the Italian rentes, Bfr. 80c. per cent.—so that the
interest will be 27fr. 36c. on each obligation instead
of 30fr., and the payment of it to foreigners is
guaranteed in gold. Tl company advances to the
Italian Government a net sum of £7,200,000, plus
certain treasury expenses, this sum being redeemable
by sinking fund in 15 years. It is expected that
the society will be able to sell the tobacco which
it will manufacture at between 9fr. to 10fr. per
kilo. The raw material costing only between 2fr.
and 2fr. 50c., the shareholders may expect a good
profit. The dividend on the obligations com-
mences from July last, so that there is already
7fr. 50c. accrued.
The half-yearly meetings of the Linares Lead
Mining Company, the Fortuna Company, and the
Alamillos Company, are announced to be held on the
Bth October.

The increase in the receipts of the Grand Trunk
Railway for the week ending the 12th inst., is £199,
and in the receipts of the Great Western of Canada
for the week ending the 25th inst., the increase is
£2,731.
The Brighton traffic shows a decrease of £377, and
the South Eastern an increase of £l6l.

The report of the Great Luxembourg Railway Com-
pany, for the half-year ending with June, to be sub-
mitted to the preparatory meeting in London on the
10th October, and to the Brussels meeting on the
13th, has been issued. The gross receipts for the half-
Year were £151,472 lls 3d., and the net earnings
£77,268 16s Bd. As compard with the correspond-
haspe of last year, the increase in the.'gross earnings
been £18,735 Os sd, and in the net profits £19,468
7s. The working expenses have thus been reduced
from 56 per cent. to 48 9-10ths per cent. The in-
creased revenue is almost entirely owing to the con-
veyance of heavy merchandise, a source of income
still open to considerable development. Though a
10w per tentage of working expenses is difficult on a
line with severe gradients, the directors hope to still
further reduce them. The rolling stock and way are
in. good order. The second line of rails had been
.aid down, and is now in use between Poix and
onglier A balance of £3,963 17s 2d was brought
„lilt() the account, and £2,484 is 7d is to be carried
,iorward, The dividend of 35 6d Der share has already
10431;40

BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT FUNDS.
° per Cent. Consols
Ditto for Account, Oct. 6
,
".„,Per Cent. Reduced 931 1
~,."7 per Cent
New 21 per Cent. Jan. 1891
A Do. 5 per Cent. Jan. 1873
`,,lnuities, 30 yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 l2l
-,-, Do (Rod Sea Telegraph), Aug., 1908 2Ol
',,schcquer Bills, £l,OOO, 2 per Ot - pm
no. £500
Do. £lOO & £2OO --n
11,ak of England Stock, 4 per Cent
~. Do. opening 243 xd
Inter-Colonial
4 per Cent. Bonds
Inter-Celonial Omnittin
, INDIAN dOVERNMENT SECURITIES.
'11(14 F.;tock 101 per Cont., April 1871
Do. Opening, for Account —
Do. 5 per Cent. 'July, 1880
Do., 4 per Cent., Oct. 1888
uo. Certificates —
Do. Eufaced Papel 4 per Cent —
Do. 5 per Cent., Jan. 1872 -
Do. 1 per Cent., May 1879 lll 10; 111
Do 5 per Cent., Itup. Deb. 1872 —
Do. do. 1877 —
~, Do. do. 1882 —
L',. Deb., 5 per Cent., Aug. 1873
Do. Bonds, 4 per Cent., £l,OOO
Do. under £l,OOO