The Sun.
London, England, 1868-07-24 00:00:00

XONEY-ALT.X.RTiEi

A ND

COMMERCIAL INTELLIGRNCE,

CITY, Two o'CLoci.

gnat tae 131111 C of England is still losing business
owing to the slight demand for money and the com-
petition of other establishments for the best bills, will
appear by the further reduction in the amount of
the private securities, which now stand at less than
sixteen millions and a half. The repayments under
this head have left the reserve with a considerable in-
crease, after provisions had been made for a diminution
in the public deposits, caused by the close of the
dividend period. It is chiefly owing to dividend pay-
Inents that the bullion shows a moderate falling off,
Which, however, leaves the stock in excess of twenty-
two millions. The following are the principal changes
since the preceding return :
Decrease in Circulation
Decrease in Public Deposits
Decrease h► other Deposits
No chanso in amount of Government Securities.
Decrease in other Securities . 504,013
Decrease in Bullion
Increase in Rest
Increase in Reserve
Bullion in both Departn eats
Reserve of Notes and Coin
Circulation, including Bank Post Bills 25,016,555
The return of paid clearin7 for the week ending
Wednesday, July 22, certified by Mr. George Derby-
shire, the chief inspector, is as follows :
July 16, Thursday ... .C 12,067,000
July 17, Friday ... 10,564,000
July 18, Saturday ... 11,965,000
July 20, Monday ••• ~, 10,893,000
July 21, Tuesday ••• ... 9,125,000
July 22, Wednesday 8,825,000

Total :: 7: £63,426,000
This aggregate includes no settlements with Stock
Exchange or other disturbing causes, consequently
it shows a large falling off compared with last week's
total, but it Is rather above the recent averages when
similar conditions have occurred.
The corn market shows increased ease, and Mon-
day's prices are with difficulty obtained.
The Funds are steady at last night's prices. Con-
sols are quoted 94ff to 944 for money, and 941 to 94i
for account. New and Reduced, 94,1 to 94-4 ; Bank
Stock, 244 to 247 ; India Five per Cents., 115 to
1151 ; Exchequer Bills, 163. to 20s. prem.
There is a little more firmness in Foreign Stocks,
but the quotations are not much altered. Mexican
aro quoted 15k to 151 ; Honduras, 811 to 82f ;
New Spanish, 351 to 35;1 ; Greek 13i to 14 ;
5-20's, 72a to 72i ; Italian, 53 to 53k ; Turkish,
404 to 40;8i; Egyptian (1864), 83 to 84 ; ditto Scrip,
Par to * prem. ; Viceroy's Seven per Cents., 71-Is
to 72 ; and ditto Nine per Cents., 88 to 89.
Atlantic and Great Western Railway Debentures
are firm, at 401 to 41k, and the Consolidated Mortgage
fonds at 401 to 41k. Otherwise American railways
are flat. Both Erie and Illinois have declined per
cent., to 43 and 951 respectively.
Only a moderate inquiry is experienced for English
!ailsvays. As compared with the unofficial close of
last night there is a fall of kin Great Northern and
Lancashire and Yorkshire, and of in Great Western,
Qouth Eastern, and Midland, and also a rise ofin
Sheffield and Great Northern A, and of in Metro-
politan and Chatham, The quotations are
eid :—Chat-
saol, 20 to 20 ; Metropolitan, 1121 to 1131 ; 5hef-
!,!.,,,, 42 to 4215-; Brighton, 531 to 544- ; Great
"vestern, 50 to 50i ; Great Eastern, 38k to 39k ;
(2reat Northern, 103 to 104 ; ditto A, 98 to 98i ;
London and North Western, 115- to 116 ; South
Eastern,
76 to 76i ; Midland, 1041 to 105 ; and
Laneasthre and Yorkshire, 1291 to 130.
, Alliance Bank shares are quoted 10 to 9 dis. ;
:s:Vo-Austrian 6 to 6 prem.; Chartered Mercan-
r, 281- to 29'k ; Consolidated, 41 to 5 ; Imperial
rank, 17 to 18 ; Imperial Ottoman, 1 to 1± prem. ;
'"°lld.on and County, 52 to 53 : London and West-
Ininster, 70 to 71 ; Oriental, "43- to 4-1 i ; the Lon-
don Joint-Sock, 34 to 35 ; and Union of London, 36
to 37.
\Vest Wisconsin Bonds are quoted at / to 11 prem.
Miscellaneous,Anglo-American are quoted 211 to
; Atlantic Telegraph 8 per Cent., 4 5-16 to
'lll%lse, 7'16; Credit Foncier, 21 to 24. ; Fore-street Ware-
dis. 1 prem. ; and General Credit, 2 1-16 to 1 15-16
-„ The distribution of the Halifax and Huddersfield
•
nk mg Company for the past year equals 17i per
cent• on the paid-up capital.
At the annual meeting of the Norwich Union Life
(Alice, the directors' report was of a satisfactory
Character. The amount of the new business transacted
was considerably in excess of that of the preceding
3',04, being £305,461, at an annual premium of
-t'11,860. At the same time a marked reduction has
taken place in the rate of mortality, and an advance in
the value of stocks and fundel securities, as well as
in the income derived from investments. The discus-
sion was of a congratulatory character, and the report
Was adopted. _

There was no bullion operations at the B:tali yes-
terday.

The Denmark has arrived with £22,000 in specie.
The biddinp,s took place at Messrs. Baring
trothers and Co., for the £1,500,000 Canada Fcur
Per Cent. Bonds guaranteed by the Imperial Govern-
ment, and £500,000 Canada Five per Cent.
'°e(lB for the construction of the Intercolonial
Railway, It was provided in the conditions
that tenders might be made for the whole or
fart of the £2,000,000, in the proportion of
4i:tee-quarters of guaranteed and one quarter of
for ordinary bonds, one price to be stated
the two stocks united. Mr. T. Baring, M.P.,
Presided during part of the proceedings, and Mr.
c Hodgson, M.., during the remainder. Mr. Rose,
aP
the, Finance Minister of Canada, was also present,
and there was a very numerous attendance of bidders
bhd others. A sealed paper was laid on the table, to
ePened! only in case Mr. Rose declared that the
.w(3 amount had not been tendered at or above his
Altogether, there were 335 tenders, some
Vxeeedingly large amounts, at prices varying from
IJ,B. 15e per cent., which was the lowest, to £lO6 ss,
be was the highest. Tender No. 264 proved to
ae °Y Messrs. Rothschild, and to be for the whole
nl...°llet, two millions, at £lO5 12s 6d per cent., but
f,3,400 was offered above this price. On this, after
all the tenders had been opened, the aggregate amount
which was about £15,000,000, Mr. Hodgson asked
Aft'. -nose whether he was satisfied with the prices.
en Rose replied that he was. The sealed paper,
Znsequently, was not opened, so that the minimum
113 as not publicly stated, but it is believed to have
oeee £lO5. The operation has consequently, proved
marked success.
pfurther dividend of 2s in the pound is announced
athe creditors of the Joint Stock Discount Company,
Yfible the 3rd of August. This will make 14s
Paid,
astern
is given that in pursuance of the Great
tstero Railway (Finance) Act, 1667, a meeting of
77,5 Preference stockholders will he held on Friday,
the
August, immediately after the conclusion of
e business of the half-yearly general meeting, con-
vened for the same day, to receive from the directors
aBtatement of proposed expenditure on capital no-
toeeonnt, of the work done, of the sum required, and
the means by which the money is to be raised, and
obtain the approval of the preference stockholders
theCeto, as required by the said Act.
i„ 1- be London and South Western Railway's meeting
e called for the 13th August, when a dividend will
ve(leelared.
he Shropshire Banking Company theory eclared
Pdividend for the past half-year, at eof 5
er cent. per annum free from income-tax, payable
August 1.

BRITISH FUNDS—CLOSING PRICES.
(GOVERNMENT FUNDS.
8 Pr43l' Cent. Consols
Nitto for Account, Aug. 6
!'" Cent. Reduced 941 I i
NSW w 3 per Cent
Do 941 1 /
2 i per Cent. Jan. 1891
k
.A. .., per Cent. (lan. 1873
'Jollities, SO yrs, expire sth Jan., 1880 —
D°• for 30 yrs, expire sth April 1885 —
txTelegraph), Aug., 1908 —
euoquer Bills, 41,000, 2 per et l6 20 pm
Do.
16 20 e
, Do £5OO
...)It i: £lOO & .£2OO —
Do.
of England Stock, 41 per Cent 2451
4-'O. Account
I.4d.ll‘l3liAx GOVERNMENT SECURITIES.
la sltock, 101 per Cent., AprillB74 , 2151
Do
B • Opening, for Account —
D°. 5 per Cent. July, 1880
°. 't per Cont., Oct. 1888
D / 1
°. Certificates
13150. Enfaced Pape. 4 por Cent 9l
D. 5 per Cent., Jan. 1872
D°' Cont., May 1879 —
°' Der Cent., Rut). Deb. 1872 —
o. do. 1877 —
Do
ta- • do. 1882 —
noleb.,
s, 4 5 p
per Center Cent.,
~ .£Aul,OOO g. 1873
ads, pin
• under .£l,OOO
46. FOREIGN FUNDS—CLOSING PRICES.
A rieil":ll:sße pull e, 6 per Cent...
11113trillu Bonds' 5 per Cent. 1859
per Cent —
11°' 41 per Cent 1852 —
Lo,—° d0...,''
1858. .
D°•18 ;0
/I (i°o"
.... *,, 1863 _
I) • . per (dent., 1865
1111_0 Account _
~?nosAyres 6 per Cent 761 1 71
a.i..,,.Y.bia°2,6l36peelrlreCreecennet in (t Dof e r r t.. d 3 per Cent '
. —
°'l.) %It per Cent —
bt'' 6 Per Cent., B
~., 1867
per' Bcli., 7 pep
r ,£32 paid Cont., 1866