The Sun.
London, England, 1868-03-27 00:00:00

TIONEY MARKET

AND
COMMERCIAL tNTMLLIOENCE,

CITY, TIVO O'CLOCK.
me maim return is chiefly remarkable for showing
that a considerable accession of loan and discount
business has heen transacted with little effect upon
the reserve. The Private Securities have increased
.£1,262,398, yet the Reserve is only £150,584. The
Lank was enabled to effect this by a large increase in
reserve payments, the addition to the public deposits
being £1,360,252, enlarging that item t0.£7,287,476,
While another week's receipts are yet to be added to
the quarter's income. It is most likely that
the loans obtained from the Bank have been
chiefly for revenue payments, inasmuch as, with
money
at the present price, it is cheaper to borrow for
a few weeks than to withdraw the amount from use
in trade. The probable result will be that the aggre-
gate of the Reserve will be but slightly varied by the
Payment of the dividends in the second week of
April. The Bullion shows some addition, and the
Circulation is less by about the like extent. The fol-
lowing are the principal changes since the preceding
return :

Decrease in Circulation - £160,605
Increase in Public Deposits
Decrease in other Deposits....t- .....
No change in amount of Government Securities.
Increase in other Securities .. 1,-262,393
Increase in Bullion ..... 156,651
Increase in Rest
Decrease in Reserve
Bullion in both Departments ...... 21,438,083
Reserve of Notes and Coin 13,103,218
Circulation, including Bank Post Bills-23,334,865
The return of paid clearing for the week ending
IVedttesday, March 25, as certified by Mr. J. U.
Pocock, deputy inspector, is as follows :--
March 10, Thursday
March 20, Friday
March 21, Saturday
March 23, Monday

March 24, Tuesday
March 25, Wednesday .... 7,443,000

Total £53,730,000
No Stock Exchange settlements occurred in the week
embraced by this return to disturb the ordinary'
course of clearing, yet the aggregate is lower than ou
several preceding occasions when the like conditions
prevailed. As there is no diminution in trade to
account for this, it is considered that traders are still
keeping themselves as independent as possible ;
In other words, they are trading on their own
resources.

Consols are without movement, at 93 to 93k for
money and account ; New and Reduced Three per
Cents., 91k to 92 ; India Five per Cents., 114 to
1144. Exchequer Bills are 1 lower, at 8s to 12s
brew.

Foreign shares are generally firmer, except Egyp-
tian, which are lower. Greek is higher, at 125 to
13 ; Mexican is dealt in at 155 to 16 ; New Spanish
Three per Cents., 351 to 35k ; Italian, 47 to 475;
and Orel-Vitebsk, 79/ to 792, being in each case au
Improvement of 5 per cent. Egyptian (1864) is 1 per
cent, lower, at 86 to 87 ; Viceroy's 7 per Cent.
Loan, 4, at 72 to 725 ; and the Railway Loan k, at
90 to 905. The Viceroy's 9 per Cent., is unaltered,
881 to 881.
The New Honduras Loan is steady, at I to 1k
brem.
In American Securities United States 5-20 Bonds
are steady at 72 to 72/ ; Erie Shares and Illinois are
each better, being dealt in at 455 to 464, and 895
to 904 respectively.
Atlantic and Great Western Railway Debentures
I'main at 27 to 28 ; and the Consolidated Mortgage
Loads have risen /, to 29 to 295.
The chief movement in railways is a further re-
lapse of 11 in Caledonian, at 755 to 76 ; .Metropo-
litan District are 5 lower, at 73 to 74 ; and London
and North Western, 4, at 1145 to 115. Otherwise
Prices are steady. There is an advance of 4in
letropolitan Extension, at 1075 to 108 ; and of 4 in
Lancashire and Yorkshire, at 1255 to 126 ; in Mid-
land at 1052- to 1051 ; in South Eastern at 725 to
73 ; in Great Western at 47 to 474 ; in Metropolitan
at 1131 to 1141 ; Great Northern are quoted 1035 to
1044 ; ditto (A), 994 to 100 ; Great Eastern, 32i
to 324 ; Brighton, 49 to 49i ; and Sheffield, 43
to 43.1;.

The new Metropolitan District Stock is 2 to 3

Colonial Bonds are without change. Canada Six
per Cent. is inquired for at 100 to 101 ; Mauritius
ix per Cent., 86 to 87i ; New South Wales Five
Per Cent., 99 to 101 ; New Zealand Six per Cent.,
103 to 104 ; Victoria Six per Cent., 110 k to 111 i.
Foreign railways are steady. Great Luxemburg,
64 to 9i ; Lombardo Venetian, 11 to 2.
Bank shares are again steady, and prices generally
are without change. Agra (A shares), 10 to 10i ;
Alliance, 13'r to 12A- dis. ; Anglo Austrian, 31 to
41i • Consolidated, 44 to 4n; Imperial, 17 to
171 c; Imperial Ottoman; dis. to 1 prem. ; London
and County, 51 to 52 ; London and Westminster,
~_
to 68 ; Oriental, 42 to 43 ; London Joint Stock,
31 to 32 ; Union of London 32 to 33.
In Finance Shares, General Credit is quoted at
to 25 dis. ; Credit Fonder, 21 to 3 ; International
Finance, 2 to 14 dis.
Foreign Mining shares are very quiet. St. John
del Reys steady, at 20 to 22 ; Port Philip,lk to 111 ;
Chotitales 1 to a dis.
In miscellaneous securities there is little business
doing and prices are for the most part stationary.
Vigto-Auterican Telegraph, 211 to 22 ; Atlantic
itelegraph 8 per cent., 5i to 51 ; Fore-street Ware-
"use, 2i to 2 dis. ; Hudson's Bay, 14/ to 141;
London General Omnibus, 11 to 2.
The certificates of the Foreign and Colonial
Government Trust are quoted at 1 to 1k prem.
The Corn Market is quiet, with a firm tone.
The sum of £127,000 was withdrawn from the
Lank yesterday, including £120,000 for Egypt.
The bonds drawn for repayment at par on the 2d
'January last of the Consolidated Peruvian Five per
Cent. Loan of 1865, amounting to £282,000, are
announced for payment on the Ist April, together
With three months' interest, at the rate of 5 per cent.
tier annum.
The report of the Caledonian Railway has proved
worse than the most adverse speculators had expected.
iThe dividend is at the rate of 2i per cent. compar-
'ag, with 6 per cent. On Saturday last it was
offered and taken at the rate of 21 per cent. per
The public dividends will be payable at the Bank
°t England on Wednesday, April 8.
The directors of the Oriental Bank, at the meeting
°n the 16th April, will propose a dividend of 6 per
e„eat. for the half-year ending Dec. 31, waking, with
'oe previous distribution, 12 per cent. per annum.
Uommercial advices from Port Elizabeth are
Generally unsatisfactory. Failures under not very
!;'editable circumstances had been frequent since
Lae previous mail, and business operations, except
with persons of undoubted credit, had been more
or
less suspended. Messrs. Jordan, Craik, and
Con,
pany, whose suspension we noticed yesterday,
'tiled for £61,000, with estimated assets to the
4?leunt of £68,000. The firm were large exporters
Wood, and the continued dullness of the market
caused delay and loss. The creditors have decided to
w lad up the estate under inspection. Messrs. J. B.
porter and Co., brokers and commission agents, had
also failed for £4,360, with assets £2,994. This estate
Q 0 is to be wound up under inspection. Mr. Charles
~'°unenbera•, general dealer, of Queensland, failed
for
T £26,000, with assets equal to lOs in the pound.
the eastern province no fewer than eleven sus-
pensions are reported, though none of them are very
large.
r•rile directors of the British American Land Corn-
guly recommend a dividend of 17s 6d per share for
he
Past year.
to The dividend of the Great Luxemburg Railway
the half year ending with 1867 is 3s. 6d per share.
Alth
us. 9ugh a great reduction on former distributions
thug is received with satisfaction. The considerable
jrovement in the receipts this year lead to the hope
ha the old dividend will speedily be resumed.

BRITISH FUNDS—CLOSING PRICES
I UOVIRNMENT FUNDS.
Der Lent. Consols
a /20. Account, April 2 —
he"! Cent. Reduced 9ll 2
ti.'"" 3 per Cent 9ll 2
Tolit 21 per Cent. Jan. 18_94 —
to, °. per Cent,. elan. 18d 3 —
m,kuities, 80 yrs, expire sth Jan., 1880 — ad
~'"0. for 30 yrs, expire sth April 1885 —
V° (Red Sea Telek„raph), Au„., 1908— 201
'encquer Bills, £l,OOO, 2 per Ct.
Do £5OO — pm
ti,, DO. £lOO .Ir£2oo — pin
`"C of England Stock, 41 per Cent 'Alit
1)0. Account
Itici• INDIAN GOVERNMENT SECURITIES.
~,lit tock, 101 per Cent., AprillB74
Ir." Account
5 per Cent. July, 1880
—rl°• 4 per Cent., Oct. 1888
7,0. Certificates —
"0. Enfaced Paper 4 per Cent
1)
13°. er Cent., Jan. 1872 -
°spb• 5i per Cent., May 1879 _ , lOBl 1
0 5 per Cent., Rup. Deb., 18, •
Do. do. 187
DO.
b
1
'• ~ er Cent., Aug. 187:3 -
e 0• Bondss , 5 p
per Cent., -£l,000
. under £l.OOO - pin
4rOREIGN FUNDS—CLOSING PRIC'I S.
~untine Republic, t per Cent. —
iir trial' Bonds, 5 per Cent. 1859
kilian 5 per Cent —
.0. (i per Cent., 1852 —
Lo."°• do., " " 18.,8 -
11°
. do., 18 liv
bo do., 1863 —
b.,* 5 per Cent., 1866
llu" 4ecount
1:1v
~,‘? Ayres 6 per Cent —
2 per Cent. (Deferred a per Uent ) 42