The Sun.
London, England, 1868-01-17 00:00:00

MONET' MARKET

AND

13015tIMERMAL NT V,T,TJ IGENOR.

CITY, Two O'CLOCK.
The Money market is quiet, in spite of a large
amount of Australian paper falling due to-morrow.
With superabundant supplies, the rate remains at
1i to 1 per cent;
The Corn Market is dull, at Monday's prices.
The Stock Markets continue to be very favour-
ably influenced by the condition of the money mar-
ket, and the pacific state of both home and foreign
affairs.

Consols are firmer, at 924 to 93 for money and
account. New and Reduced Three per Cents.,
981 to 981 ; India Five per Cents., 1111 to 1111 ;
"'milk Stock, 240 to 212 ; Exchequer Bills, 22s
to 278. preni.
Italian (1861) Bonds have advanced a fresh 4
Per cent., the present quotaticn being 12- to li-
-I)rent. Mexican Bonds are firm at 154 to 154 ;
Greek, 12 to 121 ; New Spanish, 35 to 354 ; Turkish
(1865), 301 to 304 ; Italian (1361), 424 to 431; Por-
tuguese Scrip, 11. to la prem.; Egyptian, 911 to
921; Brazilian, 751 to 771.
The New Honduras Loan is steady at 1 to 1
Prem. ex coupon.
American Securities are good. United States
5-20 Bonds are 1 better, at 711 to 72 ; Erie
Railway steady, at 474 to 481. Illinois k higher,
at 844 to 851.
Atlantic and Great Western Railway Debentures
23 21; and the Consolidated Mortgage Bonds,
24 221.
English Railways are firmer. Lancashire and
Yorkshire, 1234 to 124; Midland, 1044 to 105 ;
South Eastern, 67 to 671 ; London and North-
Western, 1141 to 115 ;" Great Northern, 106 to
107 ; ditto A, 1074 to 1081; Brighton, 161 to 461 ;
Sheffield, 44 to 441 ; Great Eastern, 291 to 291 ;
Great Western, 451 to 46 ; Metropolitan, 1151 to
1161 Caledonian, 741 to 754 ; London and South
Western, 76 to 78 ; and Chatham, 18 to 184.
„ Bank Shares are quiet. Union of London, 33 to
; Alliance, 13 to 12 dis. ; Imperial, 17 to 18 ;
and London Joint Stock, 33 to 31 .
Credit and Finance Shares are steady at quota-
tions. General Credit, 21 to 2 dis. ; London
Financial, 24 to 22 dis. ; International, 2 to 11
dis• ; and Credit Foncier, 3 to 31.

CITY, TWELVE o'CLoCK.
AIM Ddus. return continues to snow the operation
of the elements—one the effect of the payment of the
dividends, and the other the effect of an inconsiderable
commercial demand for money. With the present
Week the influence, on the return, of the dividend
Payments may be considered to cease, so that hence-
forth the public deposits will begin to rise. The in-
fluence of the other element, the small commercial
demand for money, is not likely to cease just
Yet. On the contrary, the public continue in
Possession, and in the immediate command of
large supplies by which rates will be kept low. The
effect of the combination will be a yet stronger re-
serve, and in all probability a yet higher stock of
bullion. A further temporary loan of £200,000 has
been made to the Government, and we may anticipate
tt further reduction in the private securities, so that
the reserve will be comparatively unaffected by any
frooll
wingourable diminution in the private deposits. The
are the principal changes since the preceding
return :--
Increase in circulation £125,470
Decrease in Public Deposits ... 426,202
Decrease in other Deposits
Increase in Government Securities
Decrease in other Securities . 904,081
Increase in Bullion
Increase in Rest
Decrease in Reserve
Bullion in both Departments ......22,086,213
Reserve of Notes and Coin 12,761,443
Circulation, including Bank Post Bills 25, 005, 461
The following is the return of paid clearing for the
Week ending Wednesday, the 15th inst., as certified
Y Mr. J. C. Pocock, deputy inspector :
Jan. 9, Thursday
Jan. 10, Friday
Jan. 11, Saturday 9,998,000
Jan. 13, Monday 11,105,000
Jan. 14, Tuesday 10,009,000
Jan. 15, Wednesday

Total £67,729,000
~,,T.!16 average daily clearings of the year, so far,
1-,Pt,y some amount of improvement in trade, inde-
V7ulently of the settlements on the Stock Exchange.
an
c'r the present week the aggregate is satisfactory,
d it seems likely to he maintained.
t There were no bullion operations reported at the
ank yesterday.
AfeThe Athenian has brought from the West Coast of
c 4 £1,146 in specie.
ih„,l he Atrato will take out to the West Indies £2,500
rid and £2OO in silver.
for he dividend of the Midland Waggon Company
b:,. the past year is to be at the rate of 15 per cent.
annum.
814,Mr- Henry Bennett, irontnaster, of Wombridge,
The
has suspended payment.
11_2(he half-yearly meeting of the Australian Chartered
net
has been convened for the 27th inst., when the
tinetors' report will be presented and a dividend
"e„,',red.
Coto report of the General Credit and Discount
£$ parry
obfassbeen issued. -It shows a net balance of
th-88 126
' £75,000 are appropriated to a dividend at
per cent, per annum, of which one
,refhas been already paid as interim dividend, and,
er placing £5,000 to reserve, and £l,OOO to
ea"nction of building account, a balance of £7,126 is
hew
forward. A favourable account is given of the
w discount business. No bad debts have been
and efforts are continually being made to
reduce the old locks-up of capital.
At
a special meeting yesterday of the London and
A_Ustralian Agency Company (Limited), the liquida-
rs stated that the reconstruction of the undertaking
41! been most satisfactorily completed. The lia-
to ItY of the shareholders has now been reduced
af,X.lO per share instead of as originally £2O. The
ao'lirs of the Company have been fully wound up,
(...; the new concern, under the style of the London
‘,11,1 Australian Agency Corporation (Limited), has been
shares
with a capital of £500,000 in 50,000
"arcs of £lO each.
The directors of the London and Provincial Marine
r surance Company will recommend the payment of
inAterest for the past half-year of 5 per cent., making
Per cent. for the year.
thehe report of the Alliance Bank was adopted at
meeting this morning. It was stated that the
tVPrincipal proprietors had been consulted upon the
visability of closing the Liverpool branch, and
atshareholder Oinion was in favour of not doing so. A
and , however moved that the Birkenhead
Liverpool brandies should both be closed, but it was withdrawn at the wish of the chairman.
A. dividend of 5s per share, being at the rate of 10
per cent. per annum, has been declared by the directors
2 the New,
Zealand Trust and Loan Company,
payable on the 24th inst.
elt was stated a few days ago, by some of the conti-
tze ntal journals, as one reason why France would not
inquire a loan, that M. Magne had not since his
Treasury
of office as Finance Minister issued the
this Bonds which remained to be emitted. Since
cos statement, Bonds to the amount of 50,000,000 f.,
04,000,000 sterling, are said to have been dis-
l?nted with the Bank of France at 2 per cent.
etice, it is concluded, a loan will be introduced,

BRITISH FUNDS, CLOSING PRICES.
3 °CVERNMENT FUNDS.
Per ()eat. Consols
8 1210. Account, Feb. 6 924 3 24
New Cent. Reduced I
1 i
tie 3 per Cent
ll°° 1 per Cent. Jan. 1894 —
4 . per Co. an. 1873 —
Itl in ..,
cities, SO yrs, expire sth Jan. 1880.
Dofor 30 yrs, expire sth April 'lBB5 —
t„, cited Sea Televaph), Au„., 1908 —
'-uoquer Bills, £l,OOO, 2 &24 per Ct..- 22 pm
be
$ Do. £5OO
D 22 pm
£lO dr .£2OO 22 of England Sto0 ck, 44 per Cent 24lpm
0. Account
14,011301.4111 GOVERNMENT SECURITIES.
ibititoctllto4 per Cent., AprillB74 215
n„' 5, Per Cent. July, 1880 - 4 4
t'• % per Cent., Oct. 1888
„o. Oertificateq
b'o. Enlaced Paper 4 per Cent
it)i.
551)47:rerecenent.i.J, Jan.
y 18178279 B7 4
1084
• " Per Cent., Rup. Dob., 1872 —
do. 1877 —
DoDo 1882 —
• do.
13Deb., 5 per Cent, Aug. 1873
b°,°' I3ends, 5 per Cent., £l,OOO
under £l,000
4FOREIGN FUNDS—CLOSING PRICES.
B::ll.tine Republic, t per Cent —
lir !lan. 130nds, 5
ent per Cent. 1859
rian 5 per Cent _
1. 4i per Cent., 185248-60 ..
.1.% 1)
...O K 0.
18(33 -
r, .
Accou per Cent., 1865 —
ir
nt 764 54 61 i
9' 4109 B pido