The Sun.
London, England, 1868-01-10 00:00:00

LIVERPOOL COTTON MARKET—This Day.

Market opens dull and easier. Sales probably
10,000 bales.

i4ARKET

AIM

!JOYIMERCIAL INTELLIGENOB,

Cur, Two O'CLOCK.
According to Reuter's telegram from Paris to-
day the French Rentes were 68f. 75c.
The amount of money on offer continues to in-
crease daily, while the opportunities of 'finding it
profitable employment diminishes. The few trade
bills on offer are readily taken at 11 to 11 per c2nt.
The Corn Market is quiet, at Monday's prices.
Consols are firm at an improvement of at 92/
to 921 for money and account; New and Reduced
Three per Cents., 92/ to 924- ; India Five per
Cents., 111 to 1111 ; Bank Stock, 210 to 212 ;
Exchequer Bills, 223. to 275. prem.
Foreign. Stocks are quiet. Spanish continue to
be offered, and the quotation is flat, at 341 to 341;
Mexicans Bonds are 15/ to 151; Greek, 12 to 121;
Italian 411 to 411 ; Turkish; 29/ to 30/ ; Brazilian,
(1865), 75 to 76 ; and Portuguese Scrip, 1 to 1
prem.
The New Honduras Loan is to 1 prem. ex
coupon. _ _ _

In American Securities, United States Five.,
Twenty Bonds have relapsed *, at 711 to 718. Erie
Railway steady, at 49 to 50 ; Illinois, 88 to 89. •
Atlantic and Great Western Railway Debentures
remain steady at 22 23, and the Consolidated Mort-
gage Bonds at 18 19. .

English railways are firmer, There is an advance
of liu Midland, at 103- to 104 ; of 1 in South-
Eastern, at 68 to 681 ; and in Great Northern at 105
to 107 ; of lin Caledonian, at 73+ to 734 ; of kin
Lancashire and Yorkshire, at 123 to 1231 ; in London
and North Western, at 114 to 1141 ; and in Metropoli-
tan at 115 to 1151 ; and of * in Great Eastern, at
psi to 284, and in Great Western, at 45 to 44;
Great Northern' A are steady, at 107 to- 108 ;
Brighton, 48 to 481 ; Sheffield, 44 to 441 ; London
and South Western, 75 to 77 ; and Chatham,
171 to 181.
East Indian Railway Stock is scarcely so firm, at
108 to 109 ; Great Indian Peninsula, 1061 to 1071,
and Grand Trunk, 15 to 15/.

CITY, TWELVE O'CLOCK.

The Bank retniii, which is made up to the evening
of the Bth inst., is chiefly remarkable for &lowing the
effect of one day's payment of the public dividends,
and the comparatively slight influence it has had on
the means of the Bank to meet the demands of trade.
More than two millions and a half were paid in divi-
dends, yet the Reserve shows a slight increase, while the
bullion has been reduced only by a fraction. These divi.
deeds belonged to bankers and capitalists, for upwards of
£1,761,000 re-appear as private deposits, while the
Bank itself seems to havb received £129,000. At
the same time, while the Reserve shows an increase of
£6,540, an addition of £1,100,000 has been made
to the second reserve of Government Securities,
derived, probably, from repayments of advances
on private securities. From this fact, it may
be inferred that at last the Bank has seen
the necessity of enlarging this item if divi-
dends are to be . kept from falling. When
money is to be had at 1 per cent. in the open
market, it is not likely that merchants will pay the
Bank 2 per cent. ; hence the resort to Government
securities, which now amount to £14,369,046, being
higher than for several years past. The following are
the principal changes since the preceding return :
Increase in circulation £47,869
Decrease in Public Deposits
Increase in other Deposits .
Increase in Government Securities
Decrease in other Securities 1,824,108
Decrease in Bullion 1,658
Increase in Rest
Increase in Reserve
Bullion in both Departments
Reserve of Notes and Coin 12,826,215
Circulation, including Bank Post Bills-24,879,991

The return of paid clearing for the week ending
Wednesday, January 8, as certified by Mr. George
T)erbyshire, the chief inspector, is as follows :
Jan. 2, Thursday
Jan. 3, Friday
Jan. 4, Saturday

Jan. 6, Monday
Jan. 7,- Tuesday - 12,221,000
Jan.. 8, Wednesday ....... . 10,271,000

Total £65,333,000
The week embraced by this return includes the
commercial settlements of the 4th and the
monthly settlement in Consols on the Stock Ex-
change ; yet the total does not amount
_to sixty-
live millions and a half. This does not indi-
cate any revival in business at present. It is possible
that the amount of commercial bills on the 4th may
have been affected by the previous adjustments at the
close of the past year.
There were no bullion operations reported at the
bank yesterday.
The steamers leaving New York yesterday took
£lOO,OOO in specie for Europe.
The Stock Exchange Committee have appointed
Wednesday, 15th inst., a speoial settling day in the
Scrip of the Portuguese Three per Cent. Loan of
1867 ; to be marked.
The National Discount Company have decided upon
... dividend for the past half year at the rate of 15 per
cent. per annum.
The terms upon which the Atlantic Telegraph
Company propose to raise the new preferential
capital, to which reference was made yesterday, have
been published. The £1,300,000 will take the shape
of £5 shares, will bear 10 per cent. interest, payable
next after the £51,348 per annum has been
paid to the eight per cent. preference stock,
and will take a shard of the profits after a given dis-
tribution has taken place upon the original capital.
The object is to pay of the claims of the Anglo-
American Telegraph Company, which now amount to
£125,000 per annum, exclusive of a subsequent share
in surplus profits. The desirability of the scheme
needs no comment. It is obvious that it merits the
support of both the public and the present share-
holders.

A special general meeting of the Palace and Bur-
lington Hotels Company has been called for the '22d
inst., for the purpose of receiving the directors'
report and declaring a dividend.
The ordinary half-yearly meeting of the Brighton,
Hove, and Preston Constant Service Water Works
Company has been convened for the 31st inst., for the
transaction of the ordinary business of the company.
A further series of bonds of the Italian State
Domain Loan were drawn on the 7th inst. for repay-
ment at par on the Ist of April next.
A call of £2 per share has been made upon the
snareholders of the Paraguassu Steam Tram Road
Company (Limited), payable on the 10th of February.
It is announced that Lord Provost Lumsden, of
Glasgow, has resigned his position as vice-chairman of
the Glasgow and South-Western Railway, "on pri-
vate and personal grounds."
The numbers are published of 125 bonds of the
United Danubian Principalities Seven per Cent. Loan
of 1864, amounting to .£20,900, which have been
drawn for repayment at par on the Ist March ; and of
191 bonds, amounting to £lO,OOO, of the Monte
Videan Six per Cent., which have also been drawn
for payment at par.
Mr. Charles Whetham, formerly a director of the
Great Western Railway Company, but who retired
under the provisions of the Act of last session reduc-
ing the number of directors, is a candidate for re-election
oh the board of that company.

BRITISH FUNDS —TWO VOLOCIC.
GOVERNMENT FUNDS.
8 per bent. Console
Do. Account, Feb. 6 924
3 per Cent. Reduced
New 3 per Cent 924 2 4
New 21 per Cent. Jan. 12394 —
Do. 5 per Cent. Jan. 1873 —
knnuities, 80 vrs, expire sth Jan.' 188 P —
Do. for 30 yrs, expire sth April 1885..,
Do (Red Sea Telehraph), Au,., 1908 —
E telmluer Bills, £l,OOO, 2 3:21 per Ct 22 pru
Do .£5OO — pm.
Do. £lOO & £2OO — pm
Bank of England Stock. 41 per Cent —
Do. Account
INDIAN GOVERNMENT SECURITIES.
Indian stock, 104 per Cent., April 1874 216 xd
Do. Account
Do. 5 per Cent. July, 1880
Do. 4 per Cent.. Oct. 1888
Do. Certificates —
Do. Enfaeed Paper 4 per Cent —
Do. 5 per Cent., Jan. 1872
Do. 54 per Cent., May 1879 —
Do. 5 per Cent., Rup. Deb., 1872 —
Do. do. 1877 —
Do. do. 1882 —
Do Deb., 5 per Cent, Au,. 1873 —
Do. Bonds, 5 per Cent., £l,OOO 35 pm -
Do. under .£l.000
FOREIGN FUNDS—TWO O'CLOCK.
Argentine liepublie, ( per Cent
Austrian Bonds, 5 per Cent, 1859