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

NO.NEY

MARTiET

AND

CO n, TNTELLTOR!'-TUF,•:

CITY, Two O'CLOCK.

That tue bant; oClind 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 perjod. It is chiefly owing to dividend pay-
ments 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.... £416.468
Decrease in Public Deposits
Decrease is other Deposits
No chanze in amount of Government Securities.
Decrease in other Securities . 504,013
Decrease in Bullion
Increase in Rest
Inc-case in Reserve
Bullion in both Departirente 02 077.334
Reserve of Notes and Coin
Circulation, including Bank Post Bills 25,016,555
The return of paid clearing for the week ending
Wednesday, July 22, certified by Mr. George Derby-
shire, the chief inspector, is as follows :
July 16, Thursday £12,067,000
July 17, Friday ... ..• 10,564,000
July 18, Stturday ... 11,965,000
July 20, Monday
... 10,898,000
July 21, Tuesday
••• ••• 9,125,000
July 22, Wednesday
... 8,825,000

Total ::: 463, 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 priees are with difficulty obtained.
The Funds' are steady at last night's prices. Con-
sols are quoted 94 to 945 for money, and 94i to 945
for account. New and Reduced, 94/1 to 94i ; Bank
Stock, 244 to 247 ; India Five per Cents., 1)5 to
1154 ; Exchequer Bills, 16s. to 20s. prem.
There is a little more firmness in Foreign Stocks,
but the quotations are not much altered. Mexican
are quoted 151 to 151 ; Honduras, 811 to 82f ;
New Spanish, 35i to 35g ; Greek 135 to 14
5-20's, 721 to 725 ; Italian, 535 to 53k ; Turkish, ;
401 to 40i; Egyptian (1864),33 to 84; ditto Scrip,
par to prem. ; Viceroy's Seven per Cents., 715
to 72 ; and ditto Nine ner Cents., 88 to 89.
Atlantic and Great Western Railway Debentures
are firm, at 401 to 41k, and the Consolidated Mortgage
Bonds at 401 to 41f. Otherwise American railways
are flat. Both Erie and Illinois have declined f per
cent., to 43 and 951 respectively.
Only a moderate inquiry is experienced for English
railways. As compared with the unofficial close of
last night there is a fall of in Great Northern and
Lancashire and Yorkshire, and of 5 in Great Western,
South Eastern and Midland, and also a rise of k
Sheffield and Great Northern A, and of 5 in Metro-
politan and Chatham, The quotations are :—Chat-
ham, 20 to 205 ; Metropolitan, 1121 to 113 k ; Shef-
teld 42 to 424 ; Brighton, 531 to 54/ ; Great
Western, 50 to 501; ; Great Eastern, 385 to 395
Great Northern, 103 to 104 ; ditto A, 98 to 985 ;
London and North Western, 1155 to 116 ; 'South
Eastern 76 to 764 ; Midland, 1045 to 105 ; and
Lancashire and Yorkshire, 1295 to 130.
Alliance Bank shares are quoted 10 to 9 dis. ;
~ngio-Austrian, 6 to 65 prem.; Chartered Mercan-
-285 to 295; Consolidated, 4/ to 5 ; Imperial
Bank, 17 to 18 ; Imperial Ottoman, 1 to lf prem. ;
London and County, 52 to 53 ; London and West-
I.piuster, 70. to 71 ; Oriental, 435 to 445 ; the Lon-
don Joint-Stock, 34 to 35 ; and Union of London, 36
to 37.

West Wisconsin Bonds are quoted at to 1i prem.
In Miscellaneons,Anglo-American are quoted 21/ to
; Atlantic Telegraph 8 per Cent., 4 5-16 to
'l6 ; Credit Foncier, 2/ to 2/- ; Fore-street Ware-
hose , 1 prem. ; and General Credit, 2 1-16 to 1 15-16
dis.

The distribution of the Halifax and Huddersfield
Jiiktnking Company for the past year equals 1711 per
cont• on the paid-up capital.
At the annual meting of the Norwich Union Life
Vice, the directors' report was of a satisfactory
character. The amount of the new business transacted
Was considerably in excess of that of the preceding
year, being £305,461, at an annual premium of
£11,860. At the same time a marked reduction has
taken place in the rate of mortality, and ah advance in
the value of stocks and funded 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 Bank yes-
terday.
The Denmark has arrived with £22,000 in specie.
The biddings took place at Messrs. Baring
Brothers and Co., for the £1,500,000 Canada Four
per Cent. Bonds guaranteed by the Imperial Govern-
/cent, and £500,000 Canada Five per Cent.
Bonds for the construction of the Intercolonial
Railway. It was provided in the conditions
that tenders might be made for the whole or
Part of the £2,000,000, in the proportion of
t©h
uarters of guaranteed and one quarter of
for bonds, one price to be stated
'or the two stocks united. Mr. T. Baring, M.P.,
presided during part of the proceedings, and Mr.
Redgson, M.P. during the remainder. Mr. Rose,
the Finance Minister of Canada, was also present,
4/1d there was a very numerous attendance of bidders
bed others, A sealed paper was laid on the table, to
vek°Pened only in case Mr. Rose declared that the
ranle amount had not been tendered at or above his
i.olo“num. Altogether, there were 335 tenders, some
x..exceedingly large amounts, at prices varying from
,153 per cent., which was the lowest, to £lO6 ss,
b° was the highest. Tender No. 264 proved to
aby Messrs. Rothschild, and to be for the whole
1-" ct, two millions, at £lO5 12s 6d per cent., but
3,400 was offered above this price. On this, after
all:i the tenders had been opened, the aggregate amount
Ai Which was about £15,000,000, Mr. Hodgson asked
V. Rose whether he was satisfied with the prices.
„tr• Dose replied that he was. The sealed paper,
:uhaequently, was not opened, so that the minimum
bee ot publicly stated, but it is believed to have
n £lO5. The operation has consequently, proved
/narked success.
t A further dividend of 2s in the pound is announced
„° the creditors of the Joint Stock Discount Company,
payable the 3rd of August. This will make 143
Paid,
etotice is given that in pursuance of the Great
eera Railway (Finance) Act, 1867, a meeting of
7o preference stockholders will be held on Friday,
e
tb' August, immediately after the conclusion of
vA business of the half-yearly general meeting, con-
a'llo for the same day, to receive from the directors
estatement of proposed expenditure on capital ac-
,,llct, of the work done, of the sum required, and
to'-oe means by which the money is to be raised, and
her obtain the approval of the preference stockholders
etc', as required by the said Act.
The London and South Western Railway's meeting
Caned for the 13th August, when a dividend will
be declared.
The 3 Shropshire Banking Company have declared
pdividend for the past half-year, at the rate of 5
acent per annum free from income-tax, payable
August 1.

BRITISH FUNDS--.TWO O'CLOCK.
UOVERNMENT FUNDS.
° Per Cent. Consols
a Ditto for Account, Aug. 6
Ist(l:er Cent. Reduced 941
New 3 per Cent
11 21 per Cent. Jan. 1894
A 1 l --°. 5 per Cent. J an. 1873
Dlanities, SO •yrs, expire sth Jan., 1880 —
n• for 30 yre, expire sth April 1885 —
tx (Red Sea Teleh,raph), Aug., 1908
(I.oquer Bills, £l,OOO, 2 per Ot l—
6 2O
16 20
Do £5OO
tm: 4100 Jr .£2OO —
ir of England Stock, 4iper Cent 2ls}
0. Account
ludiitnlA.N GOVERNMENT SECURITIES.
If 'toClr, 10i per Cent., AprillB74
e• Opening, for Account
Do: 5 Per Cent. July, 1880
D • 4 per Cent., Oct. 1888
n• Certificates
iln• Enfaced Pap, 4 per Cent 9lf
bec.• 5 per Cent., Jan. 1872
tbs• 5,1- per Cont., May 1879 —
"' a per Cent., Blip. Deb. 1872
-130. do. 1877 —
IN, n
-_r,°• do. 1889
t) • -eb., 5 per Cent., Aug. 1873
hoo. Bonds, 4 per Cent., £l,OOO
under 41,000
Pu
Ar i. FOREIGN FUNDS—TWO CLOCK.
414rtutIne Bepulic, 6 per Cent
tr',,,.rl Bonds, 5 per Cent. 1859
,i, a i lan 6
A , per Cent —
403: '1 Per Cent.., 1852 —
1) d 0.1858 -
-0.% do.,
, 181'
tio. uo., 1863
D° per Cent., 1865 —
la
S 0 ACCount,
Qty)
I.),lP?)Bl3'ree 6 per Cent 76i f 71
; ' Per Cent. (Deferral 3 per Cent )
C Lie 6Per Ceut. ~ krl 6 per Cent —
tn. 41 Per Cent —
h°. b per Cunt B —
~
ii_ 131 1867
93
~..p.-• 7, Por ,Cent., 1866 looi
4-kriP. Xag.paid ....