The Sun.
London, England, 1868-01-24 00:00:00

MOilbY IitARKET

AND

;01Al'ilEROIAL .1-11:1f,LLIGE E. i-;.

Crrr, Two O'CLOCK.
The Corn Market is very firm at previous rates.
The rate for discount was unchanged, at 1} per
cent.

The English Funds are steady. Consols remain
at 92! to 928 for money and account. New and
Reduced Three per Cents., 928 to 93. ladia Five
per Cents., 112 to 1121. Bank Stock, 20 to 244.
Exchequer Bills, 235. to 275. prem.
Foreign Stocks are quiet, with Italian rather
lower. Mexican, 151 to 16 ; Greek, 12k to 12/ ;
New Spanish, 351 to 351 ; Portuguese, 2/ to 2/
prem. ; Italian (1861), 42k to 42j; Turkish (1865),
31 to 318 ; New Grenada, 121 to 131 ; and Peru-
vian, 741 to 75.

American Securities are flat, at a decline of + per
cent. all round. United States 5-20 Bonds are
quoted at 711 to 72 ; Erie Rail; ay, 48 to 49 ;
Illinois, 85 to 86.
English Railways are good upon speculative re-
purchases. There is an advance of lin Caledo-
nian, at 761 to 77 ;of in Midland, at 1051 to
1054; of in Metropolitan, at 118+ to 1181 ; of +
in South Eastern, at 684 to 69+ ; and in Sheffield,
at 44} to 45 ; and cf * in London and
North Western, at 1171 to 118 ; in Great
Eastern, at 30f to 31 ; and in Brighton, at 47 to
471; Lancashire and Yorkshire are steady, at 125+
to 1251 ; Great Northern, 1071 to 1081 ; ditto A,
109 to 110 ; Great Western, 46f to 47 ; Chat-
ham, 18 to 181 ; and London and South Western,
78 to 80.

Miscellaneous shares are very quiet, and prices are
Without quotable change. Atlantic Five per Cent.,
5 to 511. ; ditto Ten per Cent., par to + prem. ;
Anglo-American, 201 to 208 ; Hudson's Bay, 148
to 15i ; Credit Foncier, 31 to 38.

CITY, TWELVE O'CLOCK.

The effect of theuidispersion of the dividends has
_now disappeared from the return of the Bank of
England •; and the reserve, consequently, is again
beginning to enlarge. It has increased more than
half a million, while the bullion has also increased,
notwithstanding tho demand from the Continent.
Both items may, in the present state of the Money
Market, be expected to enlarge. Revenue has flowed
in freely, at this early period in the quarter, as
shown by some additions to the public deposits
and_ the repayment of £300,000 borrowed on Deficiency
Bills during the dividend. period. The private deposits
show a mueh less falling off than the private securi-
ties. If we take the difference between the amount
of private securities arid the amount of private de-
Posits to repr6ent the balance of account between
the Bank of England and the mercantile community,
we find that there is an excess of 15,838,589 on the
side of the deposits. Let this be doubled, and we
shall have an approximation to amount of capital
Usually engaged in ordinary times in bills and other
instruments of trade, but which is now lying idle. The
following are the changes since the preceding
return :

Decrease in circulation
.£467,418
Increase in Public Deposits
Decrease in other Deposits .. ... ......... 350,862
Decrease in Government Securities • 300,000 .
Decrease in other Securities
Increase in Bullion — 114,690
Increase in Rest
Increase in Reserve
Bullion in both Departments ......22,200,903
Reserve of Notes and Coin 13,332,033
Circulation, including Bank Post Bills 24, 538,043
The following is the return of paid clearing for th
Week ending Wednesday, the 22d inst.
as certif
bY Mr. George Derbyshire, chief inspect'or :
lan. 16, Thursday £11,177,000
lan. 17, Friday
lan. 18, Saturday 12,397,000
lan. 20, Monday 9, 643, 000
Jan. 21, Tuesday 9,836,000
Jan. 22, Wednesday ,.... 9,158,000

This agg Total £63,467,000
regate is considerably below that of last
Week. There are, however, no Stock Exchange
settlements in it. The additional million reported on
the 18th arose from the clearing of Australian and
Other Colonial bills. The return, at present, discloses
but
few signs of that improvement in internal trade
which, in various quarters, is said to have commenced.
,The City of Washington has arrived from New
4ork with £38,000 in specie, and the Denmark with
C 20,300.
Fifteen thousand sovereigns were withdrawn from
the Bank yesterday, for export.
The Loan of the Government of Prussia for the
construction of railways is for a total of £8,000,000
sterling, bearing interest of tho rata or 4a per cent.
Per annum, payable half-yearly, on the Ist April and
hlst October. Half the amount, or £4,000,000,
ae
been subscribed by a syndicate of bankers, among
among others, R
are the Bank of Prussia, the
I\l tritime Commerce Society of Prussia, Messrs. oth-
of Frankfort, and Messrs. Mendelssohn and
Co. This amount will be offered to the public in the
course of the present week at 95 per cent., with in-
terest from the Ist October, 1867. The first instal-
-124, ent is 10 per cent., and the remainder is to be paid
equal proportions on the 15th March, the 15th
pril, the 15th May, and the 15th June.
Messrs. Baring Brothers have received a remittance
!On rani the custom house of Santa Martha of £4,800,
account of New Granada dividends, which includes
b3,58'74 due from the custom house at Rio Hu Cha.
us agent at Santa Martha reports that orders have
costa given by the Government to the collector of
do ms at that port to pay without delay the amount
pile to the bondholders and, although he has not yet
eeca able to collect any portion of the sum, be ex-
s 80. scs good hope that he will now soon be able to do
tor
Like further anticipates favourable receipts at the
e4st°m• houses from importation during the next three
th
toni S• £BOO has also been received from the cus-
p house at Sabanilla for the above account.
4,he directors of the Glasgow and South Western
paid_ Company have intimated to the holders of
thit-ruiP £lO shares, on which the last call is deferred,
prenline.r may either have 44 per cent. interest and
ter„,-ol of £2 15s per share, or the same rate of in-
the,'" as may he declared on the ordinary stock ; or
atti„J way on giving a month's notice receive the
thi:ll,nt back. Should no answers be received to
is " circular, it will be assumed that the first proposal
The The d
1)4,, n.ectors of the Great Northern Railway pert invite invite application for the East Lincolnshire 4
Tkeect. Debenture Stock.
eorntle traffic receipts for the Grand Trunk Railway
13aoy of Canada, for the week ending Janurary 4,
te, .7 an increase of £3BB, as compared with the cor-
l'onding week of last year.
the t a Meeting held in Glasgow, on Wednesday, of
offer creditors of Messrs. Peter Buchanan and Co., an
hi,tiof composition of lOs 3d per pound, payable by
lon:ltilents extending over four years, was unani-
ko accepted. The firm had houses in Glasgow,
auda,ttreal, 'Hamilton (Canada West), and New York;
Lneir liabilities,, at the date of their sequestration,
,elited to something like £260,000.
ei fie failure is announced of Messrs. Schuloff and
B.pani-h merchants, Birmingham, with
fl,lges estimated at £7,000, and assets at £7OO.
colilue directors of the Scottish Australian Investment
Fsb PallY proposes a dividend, payable on the 12th of
- ru•
il)eo 417, at the rate of 10 per cent. per annum, less
th Elle tax which will require £15,000, and leave at
a credit of the reserved fund £6,176 8s 4d.
At or a call
_re meeting yesterday of the East Russell Mine
Th_vi Ps per share was made.
reeot; directors of the Southampton Dock Company
y
eeut.
IdeaPn
mends3.le. hhalf ear.
Wakefield and Barnsley Union Bank recom-
ttte of
ta, dividend for the past six months at the
the 8, 40 per cent. per 'annum. The dividend of
anti 'affordshire Joint-Stock Bank is 15s per share,
Laukillat of the Wolverhampton and
...Staffordshire
b° pus of Company 5s per share, in addition to a
first
6d per share.
Sii„"e; coupon on the Great Republic Gold and
kortga,lin,ing Company's Seven per Cent. First
aftert, due to-morrow (25th), will be paid
n. that date at Messrs. Prescott, Grote and

0 O'OLOCX.
, Il RITISII FUNDS —TW
8 p 9 (1
FUNDS.
921 3
e uoLLE- Consols
92
i 0. Account, Feb. 6
92 3
I:''' (3ent• Reduced
93 21.
N,;`° B,,,Per Cent
.6,.`i- Per Cent. Jan. 1894_
.....
Alli,'*4, Per Cern. owl. 18d 3
riigeo, 60 yrs, expire sth J
~„--o• for 30 yrs, expire sth April
Eu° Med Sea Telek,raph), A n.,., IPr,r. . pm
'tn.lBlBBsB.P ---
clic,loer Bills, .£l,OOO, 2 5621 per `-'"" 23— pin
Da
£5OO
23 pm
RI, 1)0.
£lOO & £2OO
..ilk of England Stock, 41 per Cent
_.,.
"0. -Account
lmr,
nqi,,' --"Ii aOVERNMENT SECTJUITIES.
Do, 1 toelt, 10f per Ceut., April P 74•••
o°. Account
112+
pot): 6 Per Cent..f.uly, 1880
100± i I
I) 1 Pez Cent, Oct. 1888
ho• Clertiticats
1121'0% Enfaced Paper 4 per Cent —
Vie;
5,.,Per Cent., Jan. 1872
tio* ' Psr Cent., May 1879 lOBl
• Doer Cont.,Rup. Deb., 1872 —
bc. do. 1877 — ' do.-- lBeam,