The Sun.
London, England, 1868-02-01 00:00:00

MONEY MARKET

cC,,MMERCIAL INTET.,LIGENCI.

CITY, Two O'CLOCK,

The chief feature in the markets is a further fall
in Metropolitan Railway Stock in consequence of
the injunction restraining the payment of the divi-
dend, and the striking remarks which proceeded
from the Vice-Chancellor. There has, however,
been a partial reaction from the lowest prices of the
morning, but the disposition is still rather to sell
than to buy. In some other cases there is a slight
improvement upon the depressed prices that pre-
vailed after regular hours yesterday. The Funds
continue firm, and so do the leading Foreign
Stocks.

lhere is rather a steady demand for money this
morning, but rates remain at 11 to 18 per cent.,
and supplies continue largely in excess of imme-
diate requirements.
Consols are firm, at 93} to 93i, for money
and account; New and Reduced Three per Cents.,
93-a to 93-1 ; India Five per Cents., 112 to 112 f ;
4

a •
Bank Stock, 247 to 249 ; Exchequer Bills, 225. to
275. prem.

In the Foreign Stock Market, Spanish New Three
per Cents. are in demand, at an advance of k per
cent., the price being 37Z- to 37j- ; Italian, 18G1, are
firmer, at 43Z. to 41e. Greek are very flat, at 121
to 13k ; and Turkish are likewise scarcely so firm
as they were, at 32f to 324. Mexican Bonds are
16f to 16k ; Peruvian, 78 to 79 ; and Chilian, 884
to 89+.
Atlantic and Great Western Railway Debentures
remain firm at 251. to 26k, and the Consolidated
Mortgage Bonds at 25i to 26.

American Securities are firm. United States
5-20 Bonds are * higher, at 721 to 721; Erie Rail-
road better, at 48 to 49 ; Illinois, 86-1 to 861.
The chief feature in Railways is the further re-
lapse in Metropolitan on the unfavourable character
of the proceedings yesterday before Vice-Chancellor
Wood. The stock closed last night at about 111,
opening this morning at 107, and is now about
109 to 1091. With the exception of a fall of 1 in
Great Northern A, at 107 to 108; of 4 in Brighton,
at 454 to 46/ ; and of in South Eastern, at 684 to
6917 the quotations are rather better. There is a
recovery of 1 in Great Eastern, at 31 to 31f ; and
in Midland, at 1051 to 106 ; of I in Caledonian, at
751 to 76 ; in Sheffield, at 431 to 43f ; in London
and North Western, at 1174 to 118; ; and in
Lancashire and Yorkshire, at 1254 to 126; ; and of
i.in Great Western, at 451 to 46.
Union Bank of London shares are- f better, at
33 to 34, and London and County are that much
lower, at 54 to 55. London and Westminster are
66/ to 671 ex div. ; and London Joint Stock, 331
to 34k.

London Financial shares are 23 to 21 dis. ;
National Discount, 11 to 114 ; and Credit Foncier,
3 to 31.

CITY, TWELVE O'CLOCK.
The Bank of England have given notice that, in order
to prepare the dividends due on the sth April, 1868,
the balance of the several accounts in the following
funds will be struck on the night of Monday, the
2d March, 1868, viz., New Three per Cent. Annuities,
Reduced Three per Cent. Annuities, Annuities for thirty
years, Annuities for terms ofyears, India Four per Cent.
Stock. On Tuesday, the 3d March, the above-named
funds will be transferable without the dividend due
on the sth April next. Bank Stock, shut Wednes-
day-, 18th March IMR • nnan Monday, 6th April,
1868.

The sum of £35,000 in Engusti gold coin was
withdrawn from the Bank yesterday for export to
Alexandria. The following remarks upon the Bullion
Market are from Messrs. Mocatta and Goldsmid's
Circular :—" All descriptions of silver are firm. The
nearest quotation for bars is 60 7-16 d, and Mexican
dollars are steady at 59d, with but limited supplies
of either. Apparently no shipments of silver from
India are yet advised, but exchanges are gradually
declining, and some amounts of sovereigns
are said to be already on the way from Calcutta.
There is still a good demand for all kinds of gold for
exportation, and the arrivals having been but limited
la,tely, a few withdrawals from the Bank have taken
place. It seems doubtful whether the importation
from the United States will continue, but in any case
they are not likely to be on a very large scale. Ship-
ments to some extent are, however, expected from
Australia within the next few week:, and probably
aiuch of the gold which, under ordinary circumstances,
Would have been remitted from that country to India
Will no.v find its way here."
The directors of the Birmingham and Midland Bank
announce a dividend of £5 per share.
The estate of Messrs. Job Richards and Co., of the
Aabone Bridge Iron Works, is to be administered in
bankruptcy.
The ordinary general meeting of the London
Cemetery Company has been convened for the 12th
jest.
The annual general meeting of the Berlin Waters
Niro&
—Le Company has been called for the 13th inst.,
for the purpose of receiving the directors' report and
Itatement of accounts.
The directors of Charles Moon and Company have
convenedf the annual general meeting of shareholders
„°r.,the 13th inst., when the report will be presented
and a dividend declared.
The mining dividends declared during Janua
a£17,140 ry
amount to lOs on twelve companies.
t e half-yearly meeting of the Bristol and Exeter
°n
The
6th Company is announced to be held in Bristol
the 2 inst.
the meeting of the Midland is called for the 19tn
414. at Derby.
,s_The directors of the Birmingham Joint-Stock Bank
maTive issued their report. The accounts show a gross
fil of £59,402, and after writing off all bad, and
•
ing ample provision for all doubtful debts, rebate
'3O bills discounted (not yet due), and payment of all
°tiler charges and expenses, there remains a net profit
•i 42,370, which has been appropriated as follows :
tlvidend of 20 per cent. per annum, free of income-
or Paid up to June 30, 1867, £20,390 ; dividend
,c21:10 per cent. per annum, to December 31 last,
ba, '390 ; bank premises redemption fund, £lOO ;
xil.4nee of profit carried to the reserve surplus fund,
)490.
divill,h,a Merchant Shipping Company announce a
Mend at the rate of 5 per cent. per annum.
b.:tkidividend at the rate of 6 per cent. per annum
been declared by the United Kingdom Rolling
stoek Company.
The • .
dividend of the London Dressmaking Com-
N.. 9" (Limited) for the past year is at the rate of 5
fneent. per annum.
4„_-the report of the York City and .County Bank,
'''Pted by the shareholders at their meeting, recom-
thnded a dividend and bonus of 14 per cent., free of
.40042 e tax.

BRITISH FUNDS CLOSING PRICES.
11, GOVERNMENT FUNDS.
Per °out. Consols
Do. Account, Feb. 6 93. a
bPer Cent. Reduced 93 4
Vivi, 3 per Cent 9- i
"erslir 2i per Cent. Jan. 1894 —
44'0. 5 per Cent. 'Jan. 1873 —
411Uities, 80 yrs, expire sth Jan. 1880 —
too. for 30 yrs, expire sth April 1885 —
DP (Red Sea Telegraph), Aug., 1908 —
Iciaequer Bills, £l,OOO, 2 &24per Ot 22 pm
Do £5OO 22 pm
b , Do. £lOO & £2OO 22 pm
to cof England Stock, 44 per Cent 247
o. Account
Adillvl3l-AN UOVERNMENT SECURITIES.
t reek,
104 per Cent., AprillB74
: Account -
Do.ti 5 per Cent. July, 1880
13,°0* 4„ Per Cent., Oct. 1888
Dl.,_. Certificates —
o: Enfaced Paper 4 per Cent —
1)„' 5, Per Cent., Jan. 1872
Do. uri Per Cent., May 1879 —
' Per Cent., Rup. Deb., 1872 —
D
do. 1877 —
Do
Do n., do. 1882,
Do. b eu., 5 per Cent., Aug. 1878 —
D, Be,
5 per Cent., £l,OOO — pm
• Under £l,000
Arge,„l/,'OREIGN FUNDS—CLOSING PRICES.
Atif,t,-"ne Republic, 6 per Cent 724 4
tr '241 Bonds 5 per Cent. 1859 —
runic . ~
Do. A 0 per Cent
1.11. Per Cent., 1852 —
Lo,' do., IKB —
.bo do., 18,30 —
Do
0. d lBB3 674
~ it Per Cent , 1865 —
411_0 '''e,e()llllt -
774 4 8
'Olt -:"Yres 6 per Cent 834
otki)") Q Per Cent. (Deferred 3 per Cent )
o.iiie 6 Per
Do 11 6 Per Cent
u ,li Per Cent
1):* - Per C6ut., B • --
Iv, 7 1867
~,, b 0... ,rr ,Cent., 1866 93
`',.., )1, th'b"": '.ll .£32.paid
~,,i ian 6 h 1118 h. , Per Cent.
""'iti/lb "P9r Cent., 1825
1,,_b0 gall -Principalities, 7 per Cent 684 974
illittdolt Cent., 1867 6B
tipti, aleW Consolidated, 1 per Cent —
110, :', 7 Per Cent —
bo (mud Issue
Do: 500 Bonds