The Sun.
London, England, 1868-10-06 00:00:00

ONty MARIIET

AND

COMMERCIAL INTELLIWINCB,

CITY, Two o'CLocK.

the Italian Government Six per Cent. Tobacco
e,Loan of 237,000,000 fr., or £9,404,762 sterling, has
oeen introduced by Messrs. Stern Brothers, and most
favourably received. The Bonds, which are of £2O
and £lOO each, bear interest from the Ist July last,
athey are redeemable at par in fifteen years by
b learlY drawings. The principal and interest,
oth of which are guaranteed by the Italian Govern-
12.lent, are payable in gold in Italy, Paris, Berlin,
and London, and specially secured upon the
Produce of the tobacco revenues. The object is
t,onnevffenectitnii ful
a 01oanjtyo the Government under the
last ; and tho Bonds are
issued by the company " Socidte pour la Regre
Co-interessee des
Tabu,s," which with a capital of
,f 2,000,000 has obtained the right of farming the
Italian tobacco manufacture for fifteen years. The
gross receipts from this manufacture amounted in 1867
to £3,680,000. The holders of the bonds have the
°tion of taking at par 47,400 shares in the company
of X2O each, at the rate of one share for every ten
X2O each,
for which purpose the concessionaires have
appropriated 47,400 shares out of the 100,000 com-
prising the capital. The price of issue of the bonds
is at.the rate of £Bl 7s per £lOO bond ; and taking
Into account the discount of 4 per cent. on payment in
tall, the coupon on January 1, 1869, and the half-
Yearly drawing s, the loan will iean interest to the
subscribers of about 95 per cent. The subscription
closes on Thursday evening.
8, The Stock Markets opened this morning generally
`eadY• The introduction of the Italian Tobacco loan
h" had a favourable effect, and business is reported
I,t_t prem. Italian (1861), Turkish, and Spanish
have advanced to 4 per cent. English railways are
dull, especially Great Northern, Brighton and South Eastern The first-mentioned is sold on the competi-
_o of the Midland, and the two others on reduced
receipts. The only other feature is the heaviness of
Royal Mail Steam shares.
4. moderate demand is experienced for discounts,
it is expected that the present rate, namely, 15
" Will continue to be supported :until the divi-
ttends are released.
rsConsols are steady at 94i to 945 for money, and
to 94i for the November Account. New and
educed Three per Cents, 935 to 93} ; India Five
Cent., 11,4- to 1141 ; Exchequer Bills, 16s to
prem.
advance of ti in Turkish, at 40i to 4C-a • of f in Nei
Spanish of
at 322 to 33 • and in Italian (1861) at 515
to 525 ; and of in 'Mexican, at 155 to 152 ; and
.i,,,nPteornvli2ain,; at 784 to 782. Greek Bonds are firm at
Seven per Cents.,
(1864), 825 to 83k ; Viceroy's
—erns., 732 to 75f ; ditto, Nine per
81ents., 95 to 954 ; Brazilian, 76k to 762 ; Danubian,
82 ; and Honduras, 81 to 82.
,he Italian Tobacco Loan is 1k to 15 prem.
4° American Securities United States Five-Twenty
_•'-,,096
toe
Steady, at 73ft to 731. Illinois are f lower,
to 325. 97 ; Erie Shares, without change, at 32
a Atlantic and Great Western Railway Debentures
re 371 to 38f, and the Consolidated Mortgage Bonds, 392 to 40f.
The variations in home railway shares are unimpor-
andlnto.
vs. There is a recovery of fin Greet Northern,
to 1085 ; and in Sheffield, at 47} to 47/ ;
of 11. in Metropolitan, at 105 k to 1052. Great
Xorthern A are flower, at 106 to 1065 ; and there
is a fall of it in South-Eastern, at 775 to 78 ; and in
I3righton, at 515 to 512 ; Lancashire and Yorkshire
are
128 to 1285 ; Midland, 1102 to 111 f ; Great
stern, 40-1 to 40i ; Great Western, 49 to 495 ;
and Caledonian, 69 to 695.
Great Indian Peninsula Railway New Four per
Uernto.reDigenbenture Stock is 945 to 955.
railway shares are not quite so firm. Lom-
bardo-Venetian is 5 lower, at 165 to 16,E ; Great
Luxembourg, 102 to 11.
The receipts of the Great Luxembourg Railway last
Week show an increase of £5OB 8s 9d.
Bank Shares continue to attract little attention,
and the only movement in prices is a decline off in
London and County, being quoted at 485 to 495 ;
Agra (A.), 115 to 125 ; Alliance, 13 to 12 dis. ;
Anglo-Austrian, 6 to 7 prem. ; Chartered Mercantile,
295 to 305 ; Consolidated, 4a to 45 •, Imperial Otto-
man, 1f to 15 prem. ; Loudon and Westhlinster, 65
to 66 ; ditto New, 52 to 53 ; Oriental, 445 to 455 ;
London Joint Stock, 315 to 325 ; and Union of Lon-
don, 335 to 345.
Foreign Mining shares are steady. St John del
Rey is marked at 185 to 195 ; Rossa Grande, 5 to f
poem.• ; Port Philip, 4 to 4 ; and Choutales, 25
Miscellaneous Securities are again in little request,
and prices are without change. Anglo-American
Telegraph is quoted at 21 to 21f ; Atlantic Telegraph
andt per Cent., 31 to 45 ; Hudson's Bay, 15 to 155
;
London General Omnibus, 1 to 1/.
Advices from the Don Pedro North del Rey Mines
to the 2nd ult , give the produce to date as 10,478
oitava s, and the estimate for the month of August
was 12,500 oitavas. The produce of the Rossa
Grande G odld Mines to the 20th August, was 1,164
oitavas, and
the estimate for the whole month was
1,600 oitavas.
ea The Government of Victoria are contemplating an
:
,37 appeal to the London Money Market for capital
t° oe used in the construction of railways. The first
application will be for £2,000,000 for making a line
connecting the gold-producing district of Ovens,
inetuding Wangaratta, Beech worth, and Alburg,
with Melbourne, which, it is calculated, will pay 6 per
Cent
There were no gold operations at the Bank yes-
terday.
The Danube has brought £7,798 in specie from
the 13razils. The Weser and the City of Cork have
brought £3,000 from New York.
At Melbourne the failure has taken place of
hpee Anderson, a squatter and land speculator.
liabilities amount to upwards of £200,000, and
a assets are less than £lOO.
t.tt Sydney the suspension was announced of F.
a-altner
The warehouseman, for about £19,000.
Sod
indecrease in the South Eastern traffic is £1,419,
Th; thereceipts of the Lucknow and Cawnpore line
endin Gude and Rohilkund Railway for the week
£9748, the
crease
Th 23rd August show an increase of
11€1. The Great Western of Canada in-
£ll, and the Grand Trunk, £1,270.
Veueral meeting of the proprietors of the Royal
team Packet Company has been called for the
28th inst.
The Cape
Railway Company have called the:half-
yd eean r !a yr
itn3 eeting for the 27th inst., for the purpose of
g dividends on the capital stock ; and the
half- Yearly meeting of the Demerara Railway Com-
Pa_nY Will be held on the 23rd inst.
Co2:he directors of the English and Australian Copper
—raPany (Limited) have received advices from their
manager, dated Port Adelaide, 17th August last. The
quantity of coal at Kooringa was 795 tons, at Kapun-
a 179 tons, and at Port Adelaide 795 tons. There
furnaces
and one refinery at the Port Works. Since
shipped,
of last advices 200 tons of copper had been
Wed, and about 200 tons more were in course of
!shipment
n The directors of the St. John del Rey Mining
Il'ompany (Limited) have received per Danube the
o,llowing report, dated Morro Velho, August 29 :
Morro Velho, produce 2nd division of August,
ten days 1,919 oitavas ; yield 1,222 oitavas per ton.
Gaia produce 2nd division of August, ten days 611
oitavas ; yield 2,314 oitavas per ton.
!The directors of the Rhymney Railway Company
bngnevairtieapplications for 11,000 £lO preference shares,
6 per cent. interest, being a portion of an issue
of £213,000 authorised by the Companies' Act of
required to complete the Cardiff and Caerphilly
%sne, in course of construction. The shares are
ouered at par. £2 are payable the 15th inst., and on
four
made subsequent quarters. Application should
tinhiellayrdr.iff.ine gives
e the 12th inst. The an
the Rhymney Rhymney Railway Cardiff direct access
Hitherto it has paid the Taff Vale Rail-
ay tolls, now amounting to about £12,000 a year,
for traffic sent over the Taff Vale to Cardiff. This
cost onleUn
ft will alone suffice to meet the interest on the
construction, without taking into account the
gradual increase."

BLITIBII rIINDS--TWO O'CLOCK.
. UOVERNMEXT FUNDS.
° Per Cent. Consols Ditto for Account, Nov. 5 . 94
Per Cent. Reduced 93
,ew 3 per Cent
0 ow 2.1 per Cent. Jan. 1894
1:4). 0 per Cent. Jan. 1873
Do. for 30 yrs, expire sth April 1885 —
Do (Red Sea Telek,ra.ph), Aug.,
Ot l9OB —
Exchequer Bills, 41,000, 2 per 20 pm
1)0.
Do 4500
£lOO £2OO — u
/3 tnk of England St
Stock, 4 per Cent
Do account
t.lt adnada 4Cent. Bonds — e
irlter-Colonial Onanturn
INDIAN 60VEltNMENT SECURITImg
india tock, 10f per Cent., AprillB7l ...
Do. Opening, for Account —
P - 5 per Cent. July, 1880
uO.l Per Cent , Oct. 1888
Do. Certificate's o. D -
Enfaced Pape,. 1 per Cent _
00. 5 per Cent., Jan. 1872
uo. 51- per Cent., May 1879 _
Do a per Cent., Rup. Deb. 1872 —
Do. do. 1877 —
Do,
do. 1882 —
D,.,. Deb., 5 per Cent., Aug. 1873
Do Bonds, 4 per Cent., 41,000
1)0. Under 41,000