The Sun.
London, England, 1868-11-05 00:00:00

X OTI „.1( MAREKT

AND

COMMERCIAL N' ,g Ll4Xii

CITY, Two O'CLOCK.

The monthly settl mant generally engages atten-
tion. Consols remain at yesterday's reduced rate.
In the Foreign Market the likelihood of a new
Spanish Loan has sent down the Bonds a trifle, but
in other securities prices remain unaltered. In the
Railway Market there has been a decline i❑ the
London and North-Western.

Consols are 91 4 for money ; ditto, for account,
941 ; Three per Cents. Reduced, 92a ; and the
New Tkrce per Cents, 924 Bank of Eng-
land Stock, 4 per Cent., 2441 6.

Foreign Stocks are firm, at an advance of tk in
New Egyptian Seven per Cents. of 1868, 4 in
Peruvian Five per Cents., and in Turkish Five
per Cent. Bonds. Subjoined are the quota-
tions :—Brazilian of 1865, 884 to 4 ; Chilian of
1867, 944 to 954 ; Egyptian of 1864, 814 to 823 ;
ditto of 1868, 724 to 73 ; Italian of 1861, 544 to
; ditto Tobacco Loan, 24 tol prem.; Mexican,
154 to 164 ; Peruvian of 1865, 814 to 82 ; Russian
of 1866, 904 to 91 ; ditto Nicolai Railway Loan,
651 to 66, ex. div. ; ditto Orel, 814 to 82 ;
ditto Moscow-Jaroslaw, 824 to 83 ; Spanish of
1867, 334 to 4 ; Turkish of 1858, 674 to 684 ; ditto
0f.1862, 69 to 3 ; and ditto of 1865, 414 to 4.
India Stock, 5 per Cent., July, 1880, 115 ; ditto,
Enlaced Paper 5 per Cent., Jan., 1872, 1054; ditto
4 per Cent., under £l,OOO, 15 prem.

The Honduras Loan is firm at 91 92.
New Italian Scrip is unchanged, at 2i to 2i pre-

mium.

The New Russian (Charkoff-Azof) Railway
Loan is firm at 14 to 14 prem.
United States 5-20 Bonds have declined 4 per
cent., viz., to 74 to 744 ; Erie Railway Shares, 274
to 28 ; Illinois Central, 97 to 974 ; Atlantic and
Great Western Debentures, 36 to 37 ; and the
ConsolUated Mortgage Bonds, 38 to 384
In the Railway Market Caledonians receded 4,
Metropolitans 4, Brighton 4, and Great Eastern 4.
Great Northern Original stock has recovered
14, and the A stock 4. Lancashire 4 better,
and North British 4. The quotations are:
Caledonian, 72 4 ; Great Western, 494 4 ;
Great Eastern, 424 4 ; Great Northern, 1044
51 ; ditto A, 103} 4 ; Metropolitan, 1054
6 ; ditto Extension, 1034 1; Lancashire, 1274
81; Midland, 111 4 ; Sheffield, 474 4 ;
Brighton, 494 4 ; North British, 324 3 ; North
Western, 1114 -a ; North Eastern, 100 4 ; South
Eastern, 774, 4 ; Chatham and Dover, 164 4.
Metropolitan District Railway stock is 724 73.
Great Indian Peninsular Railway New Four per
Cent. Debenture Stock is 944, 954.
In Bank Shares there is no alteration, and
Miscellaneous Shares are inactive. National Dis-
count, 114 to 12 ; General Credit, 24 to 2 dis. ;
International, 14- to 1 dis. ; Hudson's Bay, 144 to
; Telegraph Construction, 151 to 4 ; Atlantic
Telegraph Eight per Cent. Preference, 34
_to 4 ;
andAoglo-American, 214 to 22.
A sum of £45,000, consisting of £20,000 in bar
gold for the Continent, and 25,000 sovereigns for
Alexandria, was withdrawn from the Bank yester-
day ; at the same time 50,000 sovereigns were
received from Brazil. Upon balance, the total
amount taken from the Bank during the week is
£204,000.
A meeting of the holders of all descriptions of
foreign bonds is called for the 11th inst., at the
London Tavern, to adopt resolutions in favour of
forming an influential Council to represent and
protect their general interests. This movement is
stated to have been set on foot and supported by
the members of several existing special Committees
of Bondholders, the respective Committees of the
Stock Exchange of London and Amsterdam, seve-
ral London houses, that have contracted foreign
loans, managers of financial associations, the
Foreign and Colonial Trust Committee, and others.
As upwards of £400,000,000 of British capital is
invested in Foreign Securities, it is deemed expe-
dient that some controlling body should exist to
Watch over their interests. It is contemplated, we
believe, to invite Baron Lionel Rothschild, M.P.,
or another of the City members, to presida at the
meeting on Wednesday.
The biddings for bills on India took place yester-
day at the Bank of England. The amounts allotted
were, to Calcutta £171,000, and to 111a•lras
£28,900. The minimum pricy was fixed at ls.
104 d., as before. Tenders on both Presidencies,
at 15. 114 d., will receive about 72 per cent. The
result shows a further increase in the demand for
means of remittance.

The Post-office have notified, in reply to the me-
morial presented on the 27th of August last from
the merchants of London, urging the continued
employment in the conveyance of British mails of
the steamers of the North German Lloyd, which
leave Southampton for New York every Tuesday,
that, subject to the approval of Parliament, the
Postmaster-General has been authorised by the
Treasury to accept the tender of that company for
the service in question.
It appears by the South American advices re-
ceived yesterday that the great earthquake caused
much damage in the Republic of Bolivia. Ibarro
and Otavolo were completely destroyed, with a loss
of life of 15,000.
The New Russian (Charkow-Azow) Railway
Loan subscriptions closed yesterday, and we un-
derstand applications were received to several times
the amount for allocation in England.

It is notified that the list of applications for
shares in the Brazilian Street Railway Company is
now closed. The subscriptions are stated to have
exceeded the amount required.
The Pestarena United Gold 'Mining Company
(Limited) have received the following telegram,
dated Pallanza, November 3, 4.30 p.m. :—" Re-
mittance of gold made to office for October—Pes-
tarena, 278 oz. ; Battigio, 58 oz. ; and Val Toppa,
161 oz • making a total of 497 oz.
• ,

We learn from Frankfort that the Bourse of that
City shows great animation. United States Bonds
are in good request, and have attained the price of
79, the highest reached since the civil war, and a
large part of the interest falling due on them will
be invested again in the same stock. Austrian rail-
Way shares are also in favour. The 60,000 shares
of the Austrian North-Western Railway, just
issued, have been subscribed more than twenty-fold;
the list at Frankfort alone amounted to 90,000.
The subscription for the Preference Bonds of the
Charko-Azof Railway was likewise considered cer-
tain to have a good result. It is reported that, by
the new postal convention to be concluded between
the North German Confederation and England,
the postage for a half-ounce letter will be reduced
to 2 groschen (21d.), and for paper printings of
liez. weight to 1 groschen ; money orders payable
in both countries are also contemplated. The new
Wine crop sells cheaply, but there is little demand
hitherto ; prices in the best localities range from
£6 to £3 10s. per ohm (equal to about 28 gallons).
The German corn markets remain dull ; a recent
Ilse could not be sustained.
The Great Britain Life Assurance Company has
taken,, over the business of the National Union, and
thereby secured to itself an acquisition of new pre-
illiurbe to the amount of £B,OOOO per annum. The
effect of such anamalgamation cannot but produce the
best results to all parties concerned, and as the
s,reat Britain continues to hold out the same spe-
cial advantages it offered to assurers pre.vious to
the union, it will doubtless secure an increase of
business to a very great extent.

BRITISH FUNDS—TWO O'CLOCK.
. (iOVERNMENT FUNDS.
' Per Cent. Consols
~ Ditto for Account,;Dec 1
,6 per Cent. lteducea 921 I
Neer
3 per Cent
2/ per Cent. Jan. 1894
Do. ior 30 yrs, expire sth April 1885 —
,„ 00 (Red Sea Telegraph), Aug., 1908 —
..xeticquer Bills, £l,OOO, 2 per Ct — Pm
Do.
£5OO
Do. £lOO & X2OO — pm
4 tok of England Stock, 4 per Cent
, Do. account
I)anada 4 per Cent. Bonds —
*tiler-Colonial Onimura
INDIAN UOVERNMENT SECURITIES
44ditt stock, 104 per Cent., April 1E74...
80. Opening, forliecount
"` 0 Pa Goat. July, IMO rtm,,,, ttttt 9 115