The Sun.
London, England, 1868-05-01 00:00:00

MONEY MARKET

AND
cr.,,,mmEnoiAL INTELLIGAI-TGE,

CITY, Two O'CLOCK.

The 6tock Exchange is closed to-day, according to
custom, in consequence of the shutting of the Transfer
Offices at the Bank, for the purpose of striking the
lair-yearly balances.
The Bank return shows some indications of an in-
creasing demand for money, in a falling off in the
reserve, combined with an increase in private securities,
and a diminution in the private deposits. The cir-
culation is consequently higher. The bullion has
slightly enlarged, and the reserve amounts to nearly
eleven millions and a half. If this position is main-
tained, the rate of discount will not be charged, inas-
much as the reserve is moderately strong, and the
securities stand at less than the recent average. The
following are the principal changes since the Drevior
return :

Increase in Circulation - £203,936
Increase in Public Deposits
Decrease in other Deposits
No change in amount of Government Securities.
Increase in other Securities
Increase in Bullion
Increase in Rest 3,991
Decrease in Reserve • • ••• •• 105 299
Billion in both Departments
Reserve of Notes and Coin 11,481,781
Circulation, including Bank Post Bills 24,616,853
The following is the return of Paid Clearing for the
Week ending Wednesday, April 29, as certified by
ll'. Geo. Derbyshire, chief inspector :
- April 23, Thursday
April 24, Friday 8,710,005
April 25, Saturday... 10,546,000
April 27, Monday
April 28, Tuesday ... 9,774,000
April 29, Wednesday ..... 20,612,000

X 67, 656,000
The large clearing of Wednesday arose from the Stock
Exchange settlement ; but, independently of this cir-
cumstance, the daily movements exhibit some expan-
sion of trade.

The demand for discount this morning is firm. at
2 per cent.
The Stock Exchange being closed, there is no busi-
ness to report in stocks or shares.
The following notification has been received from
the Bank of England, dated Ist May, 1868 :—Notice
is hereby given that in order to prepare the dividends
due on the sth July, 1868, the balances of the several
accounts in the following Funds will be struck on the
night of Tuesday, the 2nd June, 1868, viz.:--f3 per
Cent. Consolidated Annuities, New £5 per Cent.
Annuities, New .£3 10a per Cent. Annuities, 1854,
New £2 lOs per Cent. Annuities, Annuities for terms
of years, India £5 per Cent. Stock. On Wednesday,
the :3rd June, the above-named Funds will be trans-
ferable without the dividend due on the sth July
next. East India Stock : Shut—Friday, 12th June
18(18. Open—Monday, 6th July, 1868.
A small failure has taken place on the Stock
Exchange.
There were no bullion operations at the Bank yester-
(lV. The following is a review of the bullion market
by Messrs. Mocatta and Goldsmid :—" The demand
for silver for the East having for the present quite
subsided, the market has - become flat, and the price
has fluctuated between 6( *1 and 600, at which rates
purchases have been effected for the Continent.
Mexican dollars remain at 590, but without much
animation, and it is doubtful -whether the large
amounts now on the way will realise this quotation.
The shipments of gold expected to arrive shortly from
and though
lustralia and from the United States are very large.
Thered but a very moderate demand for exportation
J 1
American eagles and some other descrip-
tions are purchased for transmission to France,
'utmost all the bar gold which is received is taken to
the Bank.,,
,The Stock Exchange Committee have appointed
of Wednesday May 6, a special settling day in the Scrip
the Six per Cent. Debenture Stock of the Metropo-
g,t,an District Railway Company—to be marked.
it.,ne Committee have also ordered the New Five per
eient• Debenture Stock of the Great Western Railway
9mPanY to be officially quoted. The Committee
will meet specially on Wednesday, May 6, to consider
;I application to mark the New Three per Cent.
°rids (1867) of the Spanish Government.
The receipts of the Great Central of Belgium Rail-
way from loth to the 31st of March amount to 4
17,524 10s 9d,beingan increase of £3,039 16s 10d
compared with the corresponding period of lust

of Awre% remittance of £470 has been received on account
The
Granada dividends.
4lte report of the Antwerp and Rotterdam Rail-
-0;17 recommends the following mode of disposing of
dil„inet profit of the year 1867 :-1. To distribute a
oe-,:;'-'encl of 14fr. per share, that is to say, 5 60 per
of- 2- To devote to the extraordinary redemption
)I°lir bonds a sum of £3,120. 3. To carry, as is
silereinafter stated, to the credit of the reserve fund, a
r amounting to £6,817 3s 91 for the renewal of
fa' and sleepers. 4. Likewise to create a reserve
tlnu to meet the advances which are to be made to
thee Aix-la-Chapelle to flasselt Company, and to
tfry to the credit of such reserve fund the sum of
£0,140 11s 2d.
The directors' new scheme of arrangement between
the Cambrian Railway Company and its creditors will
be submitted to the shareholders to-morrow, at a
.Special meeting at Oswestry, after the conclusion of
stll3 business of the ordinary half-yearly meeting. The
Peale proposes to give the company full powers to
raise £47,300 and £lOO,OOO on mortgage, which sums
have, with certain restrictions, already been autho-
rised for the purposes of the coast and inland sections
of the railway respectively. The £47,300 is, when
raised, to be applied exclusively to the purposes of
the inland section.
The Port Philip and Colonial Gold Mining Com-
pany announce a dividend of is per share, leaving
£487 to be added to the reserve and £1,740 to be
carried forward.

BRITISH FUNDS—CLOSING PRICES.
(YESTERDAY.)
, GOVERNMENT FUNDS.
3 tOr Cent. Consols 94 i 31 4
.. Ditto for Account 94
xe per Cent. Reduced
92
I I
I'lee: 8 Piferr gneentt. Jan. 1894 ...
Do. h.
per Cent. .ran. 1873
Annuities, 30 yrs, expire sth Jan., 188 e —
Do. for 30 yrs, expire sth April 1885 —
Do (Red Sea Telehraph), Aug., 1908 —
Doquer Bills, £l,OOO, 2 per et. — pm
. £5OO
Do. £lOO & £2OO l2 pm
Bank of England Stock,
4per Cent 2451 5
Dc. Account
~ LIMAN GOVERNMENT BECU.R_IT_IES..,
LID GOVERNMENT
10k per Cant., April 1874 _
Do. Account
116 i i
Do. 5 par Cent. July, 1880
101 k I I
D'). 4 per Cent., Oct. 1888
De. Certificates
,t/e. Enfaced Paper 4 per Cent
1031 4
O. 5 per Cent., Jan. 1872
109
1,1)% 51 per Cent., May 1879
''''3 6 por Cent., Rup. Deb. 1872 —
Do. do. 1877 _
iv, Do. do. 1882 —
''-',,‘•• Oeb., 5 per Cent., Aug. 1873
`-'°- Bends, 5 per Cent., £I,OOO
A ron,F, °REIGN' FUNDS—CLOSING PRICES.
_
4114,„-.ne Republic, 6 per Cent.
831
13 -:M Bonds, 5 per Cent. 1859
WlRAaii 6 per Cent — xd
e• 4 per Cent., 1852 —
De.°. d0.,1858....
do., 18.;0 —
1)0.
bo do., 1863 _
• 5 per Cent., 1865 _
Po
75 1 41
Cu.o Account
0 t),S 6 Per Cent.
'„dau 6 per Cent 99
•uo A 1
e 0 .
..I per Cent
..._
• u Per Cent., B
•
3)5 1867
971 61 7.1 61
bu.) 7„, Per ,Cent., 1866 loil
0 ),94.,.'irriP £B2 paid
Nuts' ' 1,-'?, 6 Per Cent.
I) tqlo;.' 'Per Cent., 1825
D _
.I(qt Principalities, 7 par Cent
,--;,-
;,,,„`-',,° Per Cent., 1867 i 11
q,"4„'„or New Consolidated, 1 per Cont —
60v"Rall, 7 Per Cent
12,,,' -et:oud issue .....
DO. 15(1)0° B.Ro°nilddss •.• 791
....
Do
Do. , •
1864 —
40D --5 I° Bends _
4100 Bonds
....
reZZreinettt Rail way Debentures . ... 89i
tio Per 1824-5 ex Coups -1-;z 13
bo. 4".ceettnt Cont.,
'
. . . - d
D°•
0014)04_
................................. . ,
.._.
4 tp, , . Ac00,..i1 •
.......................
IT
rasa
_.. riadn'' Per Coin .
t.iiiki, \-,cv•Rail.Loan., 10p. Ct., £2sp
Do,o iie Pee Cent., 1885 —
la AI e°Rnt ..
Aru,. .. arejaani .
•X 1 eit, 8 ana la,tway —
Ditto f Per Coat
llnor Account
Do g ' 1864 —
iloot Per Cont. Anglo-French —
koo f'ridoao g Ce t
lie riatt -.1,,,,,,_.1.7. n ........ .
w Gra ""ral a per Cent
t.oo 3 44(1a . ....
, per o__ .........................
.....
..,o. 0,,,re..N-reu.
~,
u014.,'.4•1
ertr,.ia.l%
pv arrants (fle.c.tares) -
po Acco'....?r Cent. 186 e —
uo v,
Per `l4l .............................. ..• 831 1 1 /
Po 41 Cunt. (Uri barren)
I), A-I Per Cent., 1E62 -
Port.'ecount
~,_
................
80. '''' 3 Per Ct.,1853, '6, '7, '9,'60,12,':- 40}
I) 'lce-, 1-67.. 4O 391
Tu °- a litiFilt 6 '', Scrip, .£2O paid —
bo Per Cent
bi-:, .c •
Bo A Per eetit: . ....w,..:... -___
t,,,... ....ecoor,, l• •
uo ......................
~., kJ 410„ ~-... :.. .... .. ..................... .••
Vo 6 "-u
per
pent .. ... . -
, 1862 ......... u....... ..,., 64 Si