The Sun.
London, England, 1868-01-27 00:00:00

XONEY MARKET

AND
-iIONBIEROIAL TNT XLMGENIIII,

CITT, Two o'CLocK.
Business in public securities is somewhat inac-
tive, but the tone is nevertheless firm. The super-
abundance of money is again producing a demand
for the Funds, and Consols and New and Reduced
have rallied k per cent. The limits to sell at this
price are still understood to be numerous, and the
maintenance of this advance is therefore dependent
upon a continuance of purchases for investment.
Foreign stocks are steady, and rather better. Rail-
ways are without particular change. The settle-
ment commences on Wednesday ; and, by all ac-
counts, the scarcity of stock will be more observ-
able than before.

The Discount Market is quiet. The best short-
dated commercial paper continues to be taken at 11
to 11 per cent. In the Stock Exchange there is no
demand for money at 1 per cent.
The Corn Market is quiet at previous prices.
Consols are firm at an improvement of *, at 931t0
93i for money and account ; New and Reduced
Three per Cents., 936 to 931 ; India Five per
Cents., 1111 to 1121 ; Bank Stock, 243 to 245 ;
Exchequer Bills; 235. to 275. prem.
Iu Foreign Stocks, New Spanish and Italian aro
Sather firmer, and the quotations are * per cent.
better, at 351 to 35*, and 421 to 426 respectively.
Mexican Bonds are steady at 154 to 161; Greek,
124 to 124 ; Turkish (1865), 314 to 31* ; and Por-
tugese 28 to 21 prem.
Egyptian 9 per Cent. Bonds are steady at 89}
to 94.
The New Honduras Loan is f to 1 prem ex
Coupon.

In American Securities United States 5-20 Bonds
are steady, at 71i to 721. Erie Railway and Illinois
are each / higher, being quoted at 49 to 50, and 86
to 87 respectively.
Atlantic and Great Western Railway Deben-
tures, 24 to 25, and the Consolidated Mortgage
Bonds have receded 1, to 22 to 23.
Railways are without average change. Sheffield
ahares are 1 lower, at 43; to 44 ; Great Northern A,
at 1081 to 1091 ; Metropolitan, at 117 to 117} ;
and Great Eastern, at 301 to 30; ; South Eastern,
at 681 to 691. On the other Land, there is an
advance of in Great Northern. at 1071 to
1081 ; and Brighton, at 47 to 471; and of Tk i❑
North British, at 341 to 351 ; in Lancashire and
Yorkshire, 1251 to 126 ; Midland Shares are 105
to 1051 ; Loudon and North Western, 1171 to
118 ; Great Western, 461 to 47 ; Caledonian, 761
to 764 ; and Chatham, 18 to 181.
Loudon and County Bank shares are 54 to 55 ;
London and Westminster, 71 to 72 ; and London
Joint Stock, 341 to 251.

CITY, TWELVE O'CLOCK.
*.ren thousand sovereigns were taken from the
Bank on Saturday for export to Alexandria by the
Poonah.
The steamers which left New York on Saturday for
Europe took £200,000 in specie.
The Douro has arrived from the West Indies with
5300,000 in specie ; the Uyanza, from Alexandria,
14ith £11,574 ; and the Cuba and Hammonia, from
New York, with £51,000.
The report of the National Bank of Liverpool, for
the year 1867, states that the balance to the credit of
Profit and loss is £11,593 163 10d, out of which the
directors propose to declare a dividend for the half-year
eliding 31st December last at the rate of 5 per cent. per
annum free of income-tax, which will absorb £11,250 ;
th° balance, £348 163 10d, will be transferred
to the
reserve fund, which will then stand at
72,292 5s 7d. These results, they add, would have
obeen more favourable but for an unexpected loss of about
r 5,000, which has, however, been fully provided
in the accounts. The general business of the bank,
hPeeiall as re ards the number of new accounts,
Y g`
ars a satisfact
oryincrease ; and some debts pre-
'vinnsly written off as bad have been recovered.
(Li q
The lint uidator of the Eastern Exchange Bank
•
ho tied), announces a further repayment to the share-
iders of 10s per share, making £4 5s paid of the
called up, and a further distribution is expected.
The directors of the Scinde Railway Company are
is The
£250,000, in 12,500 shares of £2O each, bear-
et a guaranteed interest at the rate of 5 per cent.
r annum.
',The directors of the Cumberland Union Bank
ktAinited) recommend a dividend of 153 per share,
14aking the distribution for the year 14 per cent.
r The report of the directors of the Linoleum Mann-
:tet,llring Company (Limited) recommends a dividend
j`44 per share, making, with the 5s paid in August
tt) a total distribution of 121- per cent. for the
elve months.
The following is Layton and Co.'s " Tea Circular :"
"Transactions in the Tea Market have continued of fair
"tent during the past fortnight, and prices realised for
1')1,11non qualities of Congott may be quoted a shade higher,
tit the recent arrivals from Shanghae have afforded a large
assortment of fair to medium kinds of black leaf, which
have met only a moderate competition from the trade, and
nies of these descriptions have been for the most part effected
at rates in favour of the buyer. Good to fine Monings are
firm
held, and the quantity in first hands is now small : the
tlPert demand has not however been at all active, and the
"iness reported is of comparatively little moment. Dusty
4
t:114 broken teas sell readily at full prices, but good common
to fair red-leaf, even of recent import, brought only ls 04d
1,1,182i4 per lb. 'New district' Congous of old season,
I in half chests at is 3d per lb. Scented Orange Pekoes,
la"°h Canton and Foochow, meet with some enquiry, the
etter at lower rates. Capers, on the other hand, have been
;,(1 to some extent at from is 4d to is lid per lb.
have consisted chiefly of Ping Suey kinds. About 1,500
,44,1 k, ages printed without reserve' were disposed of in
sale :---No. 1 Gunpowder at 3s 9d and Nos. 2 to 4
itl4lll boxes at 2s 100 to 3s 4d. The small auctions of 21st
It'Comprised only 13,167 packages, of which 11,709 were
Printednii without reserve. The arrivals to this port since
last are :—January 11th, Maiden Queen from Foo-
junvl 13th, Chanticleer from Macao, Invincible and
otlee from Shanghae ; 14th, Queen of the Age from
Pegasus and Isles of the South from Shanghae
froth' Wild Deer and Anglo Saxon from Shanghae, Niphon
s°l4, Canton, Caranjah from Foochow ; 16th, Sooloo from
p“apaae ; 17th, Sir W. Wallace from Shanghae ; 18th,
/41!Yarna from Shanghae ; 221, Cymbeline from Foochow.
Tea.—Public sales of 10,544 packages were com-
qn ced on the 14th and extended over five days. This
ti;eantitY being in excess of the requirements of the dealers,
''ales passed of flatly, and with few exceptions, at a
considerable decline. Pekoes sold in some cases fully 2d to
`lPer lb. under valuations."

BRITISH FUNDS—TWO OVLOCK.
a ,40VintNMENT FUNDS.
Per Lent. Console
a DO. Account, Fob. 6 1
93
93 1
„Per Cent. Reduced
93i 3 f
i:T_W per Cent
751
"w 2 per Cent. Jan. 1894 13
An u• 5 per Cent. dan. 1873
unities 30 vrs, expire sth Jan., 1880 —
1),,o. for '3O yrs, 'expire sth April 1885 — .
~'",() (Red Sea Televaph), Au„, 1908 —
-etlequer Bills, £l,OOO, 2& 21 per CL
Do
£5OO — pm
h., , Do. £lOO & £2OO — Pin
",.,tIK of England Stock, 4} per Cent 246
-1-10. Account
Iod•INIIIIAN GOVERNMENT SECURITIEN.
14t1 tocl-- 101 per Cent., April 1874 —
1)0. Acc ''
13_ ount
1121 12
1)". per Cent. July, 1880
101
1)13' 4 Per Cent, Oct. 1888
~n. Certificates
Liu. Enfaced Paper 4 per Cent B7l
103
Do, 5 per Cent., Jan. 1872
Do. ,5i Per Cent., May 1879 —
-* °Per C t Rup. D b 1872
en ~ up. e ~
Do.
do. 1877 —
1-1 Do
1882 —
—O. n ; 'do.
—Do 14 GU., 5 per Cent., Aug. 1873
Pm
I) ' '-'134c18, 5 per Cent., £l,OOO
°. Under £l,000
4rge 1140RCIGN FUNDS—TWO ()LOOK.
444 tine Republic, 6 per Gent 521
Ilrkzi,l4l. 13onds, 5 per Cent. 1859
u 3.111 5 per Cent..

.i per Cent., 1852-58-60
1),

1:10, °' 1863
Do- Per Cent. 1865 _
4eeetuat ' 771
hti‘,..
8100 Bonds
_
iit:3l°,, Ayres 6 per Cent
0,11, 4 Per Cent. (Deferred 3 per Cent.)
0 • 'S
6 Per Cent
,u 1143 6.
Do per Cent _
..._ tie: 41 Per Cent
1)., 6 per Cent. 13 .
___
buo.,
.., 1867
_
bo') per ,Cent., 1866
0 , .' 'eriP £32 paid
!),,aiTbftn, 6 per Cent.
D I,Z 3 Mr Cent., 1825
Dao'ala Principalities, 7 per Cent —
Nal° Per Cent., 1867 _
t: g.3,,,+9r New uonsolidated 1 per Cent —
, roan 7 Cent —
, ,,,, per
I), i old Issue BBl • SSOO Bondß
b
90
N. 45,,. D,64
11.. 0 Bonds — (.I'4 £lOO Bonds
•••• 91
4re Zrinlint Railway Debentured.... 91/
ljj. x per cent., 1824. Coups
-5, •ex Cou
,4,.). f;ecount
, 12i
/)0 uauPons
. •
gliat,l Account ._
1:101,(144' la 0 per Cent .. —
Italia
tara,s Gov. Rail. Loan., 7p. Ct., Xl5 pd Pm
Do) 4') Peu Cent., 1865 .. 691
ID% 1111 t•
6 o ........................ ar
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