The Sun.
London, England, 1868-07-03 00:00:00

MONEY MARKET

AND

COMMEE,CIAL INTELLIGENCIS,

CITY, Two o'CLock.
The Bank return is made up to the evening of the
Ist inst., so that it comprises the close of the late and
the opening of the current quarter. All its variations
are associated with the changes caused by a general
adjustment and balancing of half-yearly accounts.
The public deposits show a large reduction. This is
the result of the payment of salaries of public officers.
The private deposits show an increase of nearly two
millions sterling : on the other hand the private se-
curities show an increase of upwards of two millions,
from which it may be inferred that of the advances
obtained in anticipation of the half-yearly dividends,
by far the largest proportion has not been used at all,
except by way of reserve. Consequent upon those
changes the reserve has declined to about the same
amount as the private securities have increased ; while
the circulation has enlarged little more than a million.
The following are the principal variations compared
with the position of the bank last week :
Increase in Circulation £1,070,474
Decrease in Public Deposita
Increase in other Deposits ...
Decrease in Government Securities ... 80,163
Increase in other Securities .. 2,291,358
Decrease in Bullion
••• 211,760
Increase in Rest . 37,044
Decrease in Reserve
13ullion in both Departments .....22,751,221
Reserve in Notes and Coin
Circulation, in Bank Post Bills. 25,224,056
The return of paid clearing for the week ending
Wednesday, July 1, as certified by Mr. J. C.
Pocock, deputy inspector, is as follows :
June 25, Thursday £8,857,000
June 26, Friday 9,903,000
June 27, Saturday ... 12,271,000
June 29, Monday •••• ••• 8,991,000
. •••
June 30, Tuesday 24,998,000
•
July 1, Virednestlay ... ... 16,099,000

Total 7:: £81,121,000
This is the largest clearing in any week since the
publication of the returns commenced, thirteen
months ago. The amount is affected by two circum-
stances, the close of the halt year and the bi-monthly
settlement on the Stock Exchange.
The rate for the best bills remains unaltered at 11
per cent., and the market is moderately steady.
The Oneida has arrived with £33,000 in specie
from the Brazils.
The English funds are firm at the advance obtained
yesterday. The quotations for delivery and the
August account is 95 to 954 ; New Reduced, 941 to
95. Indian Government Securities are better : the
Five per Cents. are 114/ to 115} ; and 8 rupee
taper, 1055 to 106.
Italian (1861) Bonds are again 5 per cent. better,
the present price being 52f to 52,4,-. The Foreign
Stock Market is generally firmer. Turkish are ex-
ceptionally flat, the 1865 Bonds being 395 ; Mexican
are 154 to 16k ; Greek, 13f to 131 ; New Spanish,
36f to 365 ; Egyptian (1864), 81 to 83 ; and Peruvian
(1865), 80 to 805.
The New Honduras Loan is par to 1 prem.
American Securities are moderately firm. United
States 5-20 Bonds are steady, at 73 to 73f ; Erie
Shares are f better, at 454 to 464 ;
at 10] to 102. Illinois unaltered,
Atlantic and Great Western Railway Debentures
have risen 5, to 28/ to 29f ; and the Consolidated
Mortgage Bonds 1, to 341 to 351.
The advanced prices current in the Railway Market
at yesterday's close are continued. Lancashire and
Yorkshire are 127/ to 128 f ,• Midland, 1055 to 106
South Eastern, 735 to 74 • London and North West-
ern, 114 to 1145 ; Great Northern, 1015 to 1025 ;
ditto A, 95 to 96 • Great Eastern, 36f to 361 ;
Great Western, 49); to 50 ; Brighton, 52f to 52/ ;
Sheffield, 411 to 42f ; Metropolitan, 112± to 112/ ;
Caledonian, 71/ to 721 ; and Chatham, 19} to 191.
Great Indian Peninsula Railway New Four
per Cent. Debenture Stock is 96 to 97.
Foreign Railways are quiet. Lombardo-Venetian
is quoted at isa to 154 ; and Great Luxembourg,
12 to 124.
Bank Shares are dull and heavy, and the dealings
are merely nominal. London and Westminster,
Union of London, and London Joint Stock, are each
lower, being quoted at 695 to 705, 325 to 334, 325
to 334 respectively. London and County is unaltered
at 495 to 505 ; Agra, 11 to 12 ; Alliance 115 to 104
die.; Anglo-Austrian, 4/ to 51- prem. ex div. ;
Chartered Mercantile, 28 to 29 ex div. ; Consolidated,
4f to 44 ; Imperial, 18 to 19 ; Imperial Ottoman,
to 4 prem., ex div. ; Oriental, 424 to 434.
Colonial Government Securities are quiet, and
prices show no change. Canada 6 per Cent. is
marked at 101 to 106 ; ditto 5 per Cents., 89 to
91 ; Mauritius 6 per Cents., 102 to 104 ; New South
Wales 5 per Cent., 98 to 100 ; New Zealand 6
per Cent., 110 to 112 ; Queensland 6 per Cent., 1054
to 1064 ; Victoria 6 per Cent., 111 to 113.
Electric and International Telegraph Shares remain
at £2OO, £lOO paid.
In Foreign Mining Shares there is little or no busi-
ness doing, and prices are for the most part sta-
tionary. St. John del Rey is marked at 19 to
20 ; Port Phili
Rossi Grande, p,
to 41 premls 1 Chontales, 14 to 25 ;
Miscellaneous Securities are steady. Hudson's Bay
remains at 151 to 154 ; Anglo-American Telegraph,
21 11-16ths to 21 13-16ths ; Atlantic and Great
Western Mortgage Bonds are f better, at 34 to 35 ;
Atlantic Telegraph 8 per Cent., 4 13-16ths to
4 15-16ths ; Fore street Warehouse, par. to 4 prem. ;
London General Omnibus, 2 to 24.
There were no gold operations at the Bank of
England yesterday.
Specie to the value of £125,000 left New York on
Wednesday for Europe.
The monthly consol account commences on Mon-
day, and closes on the following Thursday.
at The City of Glasgow Bank have declared a dividend
rate of 8 per cent, per annum, and added
£20,000 to reserve which now amounts to £220,000,
and carried forward £20,516 is 11d.
_ The ordinary general meeting of the Metropolitan
Bank has been called for the 17th inst., to receive the
directors' report and to declare a dividend.
Letters from France, in reference to the grain mar-
kets, state that the appearances of the harvest are
still most satisfactory, but that holders are endeavour-
ing to resist a fall in prices, and that many markets
are consequently only supplied. This condition
maintained. half
is, of course, in favour of sellers, but prices are not
At Marseilles there were considerable
arrivals of grain on Monday, which checked
business,
without altering prices. Six marks flour at
Paris is
reported firm.
A. tabular statement has been published of the
general situation of all the leading financial estab-
lishments on the Continent of Europe up to the 31st
May. From this statement it appears that the
unemployed cash amounted on that date to
3v,a1810,572,446fr. whereas on the 30th April it
2,958,134,401 fr , being an increase of
152 only
,438,045 fr. during the' month. During the
same period the bills and securities diminished
88,740,379 fr., and the loans 41,955,823 fr. A
Stronger proof than is shown by these figures of the
existence
of distrust is not to be found.
will The next biddings for bills on Calcutta and Madras
take place on the 15th inst when £200,000
will be offered. •)
e-.A. circular from the Electric and International
ol_legraph Company states that the Government have
t ititeerl, subject to the approval of the committee of
House of Commons now sitting, to purchase the
cora
and PtahrlY'B property at twenty years' present profits,
the at the directors have accepted these terms. If
Abdellrla wdoes not pass this session then the offer is
liquidators of the Accidental and Marine In-
suran
ce Corporation (Limited) give notice that they
have
a second list of contributories, being past
ne hers of the said corporation, and that they will
tphreocieoedthwith the settlement of such list on Friday,
of July.
RaiTte of
return of the Great Southern of India
decrewaasye
offor the week ending March 28, shows a
period of 18£2783 as compared with the corresponding
6.

BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT FUNDS.
95 i
a Dittont. Consols
95 1
for Account, July 9
95 41
3 per Lent Account
95 4i
liew 3 per Cent
liew 21 per Cent. Jan. 1894
At1)0- g
per Cent. d an. 187 3
n:itfies, 80 yrs, expire sth Jan.,. 1880 —
E.ri • or 30 yrs expire sth April 1885
__o (Red Se '&10 h) Ault 1908 —
~, ap ,
_.„ 9
xe'lequer Dills, 41,000, 2 per et l5
Do.
£5OO
Do.
£l.OO & £2OO
242 40
Bank
Do. Account . ' -
06 00000000000000000000000000
IxnuN GOVERN/WI:NT SECURITIES.
India Ttock, 101 per Cent., AprillB74 ...
D 0•212
Do. Opening, for Account
114 i 15
5 per Lent. July, 1880
O. 4
per Cent., Oct. 1888
Do. Certificates
Do. Enfaced Paper 4 per Cent
106 51
Do. per Cont., Jan. 1872
_
Do. 5i per Cent., May 1879
_
Do Door Cent., Rup. Deb. 1879 .

Do.
_,,. 6. 1877 —
D. Deb., 5 per Cdo. 1882 —
Aug. 1873
Do. Bonds, 4 per Cont.,£1,000
.41,000
pm
FOREIGN' FUNDS—CLOSING PRICI S.
Argentine Repulse, 6 per Cent _
Austrian Bonds 5 per Cent. 1859
Brazilian 5 per 'Cet
Do. 4i per Cent.,n 1852 -
xd
o. 4., 1558 mt