The Sun.
London, England, 1868-03-27 00:00:00

MONEY MARKET

A ND
COM/4IERCIAL INTELLIGENOB,

CITY, Two O'CLOCK.

Aine _balm return is chiefly remarkable for showing
that a considerable accession of loan and discount
business has heen transacted with little effect upon
the reserve. The Private Securities have* increased
£1,262,398, yet the Reserve is only £150,584. The
Bank was enabled to effect this by a large increase in
reserve payments, the addition to the public deposits
being £1,360,252, enlarging that item to £7,287,476,
While another week's receipts are yet to be added to
the quarter's income. It is most likely that
the loans obtained from the Bank have been
Chiefly for revenue payments, inasmuch as, with
money at the present price, it is cheaper to borrow for
few weeks than to withdraw the amount from use
In trade. The probable result will be that the aggre-
gate of the Reserve will he but slightly varied by the
Payment of the dividends in the second week of
April. The Bullion shows some addition, and the
Circulation is less by about the like extent. The fol-
lowing are the principal changes since the preceding
return :

Decrease in Circulation
Increase in Public Deposits
Decrease in other Deposits . ..,... .....
No change in amount of (3overnntent Securities.
Increase in other Securities
Increase in Bullion
Increase in Rest
Decrease in Reserve
Bullion in both Departments
Reserve of Notes and Coin 13,103,218
Circulation, including Bank Post Bills 23,334,865

. .
The return of paid clearing for the week ending
Wednesday, March 25, as certified by Mr. J. 0.
Pocock, deputy inspector, is as follows :--

March 19, Thursday
March 20, Friday
March 21, Saturday
March 23, Monday

. _ . .
March 24, Tuesday
March 25, Wednesday . 7,443,000

Total £53,730,000
No Stock Exchange settlements occurred in the week
embraced by this return to disturb the ordinary
course of clearing, yet the aggregate is lower than on
Several preceding occasions when the like conditions
prevailed. As there is no diminution in trade to
account for this, it is considered that traders are still
keeping themselves as independent as possible
in other words, they are trading on their own
resources.

Consols are without movement, at 93 to 93} for
money and account ; New and Reduced Three per
Cents., 91k to 92 ; India Five per Cents., 114 to
114 i, Exchequer Bills are 1 lower, at 8s to 123
vrem.

Foreign shares are generally firmer, except Egyp-
tian, which are lower. Greek is f higher, at 12i to
13 ; Mexican is dealt in at 151 to 16 ; New Spanish
Three per Cents., 35a- to 35 ; Italian, 47 to 47i ;
and Orel-Vitebsk, 794- to 791, being in each case an
improvement of k per cent. Egyptian (1864) is 1 per
Cent. lower, at 86 to 87 ; Viceroy's 7 per Cent.
Loan, at 72 to 72i ; and the Railway Loan f, at
90 to 901-. The Viceroy's 9 per Cent., is unaltered,
88i to 881.
The New Honduras Loan is steady, at I to
t)Tera.

In American Securities United States 5-20 Bonds
are steady at 72 to 72f ; Erie Shares and Illinois are
each k better, being dealt in at 454 to 46k, and 89i
to 90i respectively.
Atlantic and Great Western Railway Debentures
remain at 27 to 28 ; and the Consolidated Mortgage
Bonds have risen k, to 29 to 29k.
The chief movement in railways is a further re-
11.tpse of 1i in Caledonian, at 75i to 76 ; Metropo-
litan District are lower, at 73 to 74 ; and London
and North Western, at 1141 to 115. Otherwise
Mprices are steady. There is an advance of in
etropolitan Extension, at 1071 to 108 ; and of I} in
Lancashire and Yorkshire, at 1251 to 126 ; in Mid-
land at 1051 to 1051 ; in South Eastern at 72i to
73 ; in Great Western at 47 to 47 ; in Metropolitan
at 1131 to 1141 ; Great Northern are quoted 1031 to
1044 s ; ditto (A), 99i to 100 ; Great Eastern, 32i
to 32k ; Brighton, 49 to 49f ; and Sheffield, 43
to
__43)t.

The new Metropolitan District Stock is 2 to 3
brew.

Colonial Bonds are without change. Canada Six
per Cent. is inquired for at 100 to 101 ; Mauritius
zix per Cent., 86i to 875 ; New South Wales Five
per Cent., 99 to 101 ; New Zealand Six per Cent.,
03 to 104 ; Victoria Six per Cent., 110 i to 1115.
Foreign railways are steady. Great Luxemburg,
ai to 95 ; Lombardo Venetian, 11 to 2.
Bank shares are again steady, and prices generally
are without change. Agra (A. shares), 10 to 105 ;
Alliance, 134 to 125 dis. ; Anglo Austrian, 31 to
411 ; Consolidated, 44 to 4 ; Imperial, 17 to
175 ; Imperial Ottoman, dis. to prem. ; London
and Countyr 51 to 52 ; London and Westminster,
67 to 68 ; Oriental, 42 to 43 ; London Joint Stock,
31 to 32 ; -Union of London 32 to 33.
In Finance shares, General Credit is • quoted at
~2;./ to 2g dis. ; Credit Foncier, 2i to 3 ; International
Finance, 2 to IA- dis.
Foreign Mining shares are very quiet. St. John
del Reys steady, at 20 to 22 ; Port Philip,ll to 15 ;
Chontales 5 to ft dis.
In miscellaneous securities there is little business
doing and prices are for the most part stationary.
anglo-American Telegraph, 2fk to 221 ; Atlantic
Telegraph 8 per cent., 55 to 51 ; Fore-street Ware-
house, 24 to 2 dis. ; Hudson's Bay, 141 to 141 ;
London General Omnibus, 11 to 2.
The certificates of the Foreign and Colonial
Government Trust are quoted at 1 to If prem.
The Corn Market is quiet, with a firm tone.
The sum of £127,000 was withdrawn from the
Bank yesterday, including £120,000 for Egypt.
The bonds drawn for repayment at par on the 2d
January last of the Consolidated Peruvian Five per
Cent. Loan of 1865, amounting to .£282,000, are
announced for payment on the Ist April, together
With three months' interest, at the rate of 5 per cent.
tier annum.
The report of the Caledonian Railway has proved
Worse than the most adverse speculators had expected.
The dividend is at the rate of 25 per cent. compar-
Ing with 6 per cent. On Saturday last it was
Qffered and taken at the rate of 21 per cent. per
annum.
The public dividends will be payable at the Bank
t't England on Wednesday, April 8.
The directors of the Oriental Bank, at the meeting
an the 16th April, will propose a dividend of 6 per
rent. for the half-year ending Dec. 31, making, with
the previous distribution, 12 per cont. per annum.
Commercial advices from Port Elizabeth are
generally unsatisfactory. Failures under not very
creditable circumstances had been frequent since
the previous mail, and business operations, except
With persons of undoubted credit, had been more
(),,,r less suspended. Messrs. Jordan, Craik, and
i.)°lnpany, whose suspension we noticed yesterday,
ailed for £61,000, with estimated assets to the
etnount of £68,000. The firm were large exporters
(3f wood, and the continued dullness of the market
caused delay and loss. The creditors have decided to
Wind
up the estate under inspection. Messrs. J. B.
porter and Co., brokers and commission agents, had
filled for £4,360, with assets .£2,994. This estate
180 is to be wound up under inspection. Mr. Charles
°nnenberg, general dealer, of Queensland, failed
fir X 26,000, with assets equal to lOs in the pound.
,11 the eastern province no fewer than eleven sus-
Tensions are reported, though none of them are very
large.
The directors of the British American Land Com-
pany recommend a dividend of 17s 6d per share for
the past year.
I The dividend of the Great Luxemburg Railway
the half year ending with 1867 is 3s. 6d per share.
irthough a great reduction on former distributions
is received with satisfaction. The considerable
vs Prevement in the receipts this year lead to the hope
'At the old dividend will speedily be resumed.

BRITIS II FUNDS—TWO O'CLOCK.
E GOVERNMENT FUNDS.
Per Cent. Consols
4 33°. Account, April 2
1,1153,.e.r Cent. Reduced —
911 2
Ist ' 3 per Cent 9ll 2
61W 25 per Cent. Jan. 1894 —
4 4)°. per Cent..)an. 1873 —
11,buities SO yrs, expire sth Jan., 1880 —
huo• for '3O yrs, expire sth April 1885 —
E
r.'"? (Red Sea Telel,,raph), Au,.., 1908 2Ol
-"'uoquer Bills, £l,OOO, 2 per Ct.
Do £5OO —
11„ Do. £lOO & £2OO —
..D'l' of England Stock, 4 per Cent Shut
0. Account
140; INDIAN GOVERNMENT SECURITIES.
1;4 Mtock, 10f per Cent., April 1874
....4)
6 • Account
0. 5 per Cent. July, 1880
I?'3'l Per Cent., Oat. 1888
)0. Certificates —
bo• Enfaced Paper 4 per Cent —
IP. 5 per Cent., Jan. 1872
D°• 5k per Cent., May 1874 lOBl 1
u 5 per Cent., Rap. Deb., 1879
De. do. 1877 lO2l
D, Deb do. 188',
D• Deb., 5 per Cent., Aug. 1873
D. Bonds, 5 per Cent., £l,000
0. under £l.OOO
•kr, FOREIGN FUNDS—TWO ULOOK.
411tdiue Republic, 6 per Cent
iir nftO Bonds, 5 per Cent. 1859
k"jan 5 per Cent
pO3: li per Cent., 1852 —
LOdo 1858 —
L°,
~
do., 18 ;0 .
D,, , do., 1863 —
sbo per Cent, 1865
4 ° Ae•coutit 721
11,.(),? Ayres 6 per Cent —
" 2 Per Cent. (Deferred 8 per Cent ) 42