The Sun.
London, England, 1868-01-18 00:00:00

&(ONEY XARIfET

AND
COMMERCIAL INTELLICIENCE,

CITY, Two o'CLock.
The Stock Markets are dull this morning, in
great measure owing to the weather, which prevents
the attendance of those who are not obliged to be
present. Consols, which yesterday morning were
all but 93, are now only 92f to 92/. The purA
chases for investment have been numerous all the
week, but they have now given place to realisations.
Foreign Stocks are quieter also, and Mexican and
Greek are offered. Italian are alone in demand.
Railway and other home securities are quiet, but
prices are maintained.

For discount there is only a quiet demand, and
the quotation remains at 1 to if per cent.
Consols opened steady at yesterday's prices, but
are now* lower, at 92, to 92k for money and
account. New and Reduced Three per Cents.,
92i to 93 ; India Five per Coats., 111} to 112 ;
Bank Stock, 241 to 243. Exchequer Bills, 224.
to 275. prem.
In Foreign Stocks Greek are jpwer, at 11} to
12f, and Mexican f, at 15fr to 151. Italian (1861)
Bonds are f better, at 424 to 43. Turkish (1865),
30i to 301, ; New Spanish, 35 to 35i; Egyptian
Railway, 91} to 92f ; and Portuguese Scrip, 1i to
prem.

American Securities are firm. United States
5-20 Bonds are * higher, at 71i to 72k ; Erie
Railway and Illinois are each 1 better, being quoted
at 48 to 49, and 85 to 86 respectively.
English Railway Shares are without movement.
The following are the quotations :—Lancashire and
Yorkshire, 123 f to 124; Midland, 104 to 1041;
South Eastern, 674 to 681 ; London and North-
Western, 1141 to 115; ; Great Northern, 107 to
108 ; ditto A, 109 to 109 f ; Great Eastern, 29k to
291 ; Great Western, 461 to 47 ; Brighton and
South Coast, 461 to 47 ; Caledonian, 741 to 75 ;
Manchester, Sheffield, and Lincolnshire, 44 to 441 ;
Metropolitan, 117 to 1171 ; and London, Chatham,
and Dover, 18 to 181.
East Indian Railway is steady, at 1081 to 109} ;
Great Indian Peninsula, 107 to 108 ; Grand Trunk
of Canada unaltered, at 144 to 154.

CITY, TWELVE O'CLOCK,

Sovereigns, amounting to £35,000, were withdrawn
from the Bank of England yesterday for export to
Alexandria.
The Massilia has brought £80,500 in specie, with
the hervy overland. mails.
The Scotia, from New York, brings .£286,000 in
specie. •
The next biddings for India Bills on Calcutta and
Madras only will take place on the sth proximo, when
£200,000 will be offered.
Tho directors of the Manchester, Sheffield, and
Lincolnshire Railway have convened the half-yearly
meeting for the 29th inst., for the transaction of the
general business of the company.
The ordinary half-early meeting of the Metroo-
litan Railway Companyy will he held on the sthp of
February.
The City Discount Company have convened their
half-yearly meeting for the Ist of February.
A second call of £4 per share, making £8 lOs per
share called up, has been made on the £22 Five per
Cent. Preference Shares of the Midland Railway
Company, payable on the 11th of February.
The half-yearly meeting of the London, Brighton,
and South Coast Railway Company will be held on
the 4th February, for the purpose of authorising the
directors to raise capital by the issue of new shares
for converting into 5 per cent. stook the remaining
£5 Preferential 5 per cent. shares of 1865 and 1866,
and to confirm the arrangements made by the
directors with the London, Chatham, and Dover
Railway Company.
In reference to the proposal made at the meeting of
the shareholders of the Alliance Bank, on Wednesday,
for concentrating the business on London and Man-
chester, by closing the branches at Liverpool and Bir-
kenhead, it is understood that there is no immediate
intention to carry out the proposal, and that the
bank's business in Liverpool and Birkenhead will for
the present he carried on as usual. The steadily suc-
cessful results which were stated at the meeting to
have attended the bank's operation in Manchester
Were expected to be further developed by an addition
from the resources which will ultimately be set free
by the above measure.
A dividend of £5 per share has been declared by
the East Pool Mine, and of £1 per share by the Own)
Erfin Mine. A call' of lOs per share has been made
by the Penhale Wheal Vor Mine, and of 5s by the
North Downs Mine.

The following is the report of the Midland Banking
Company (Limited), to be presented to the Share-
holders at the meeting to be held on the 31st inst. :
In submitting to the Shareholders the accom-
PanYing balance sheet and statement of profit and
'OBB for the half-year ended 31st December, 1867,
examined and certified as usual by the auditors, the
Directors have great pleasure in stating that since
their last report there has been a satisfactory in-
crease in the business of the Company. It will
he seen from the balance sheet that, after
Providing for bad and doubtful debts, the gross
Profits for the half-year, including the balance brought
from last account, were £28,721 12s 3d, and that
after deducting interest paid or due to customers, and
all the expenses of the bank, there will remain a
balance of £12,702 9s ld. In accordance with the
intimation in their last report, the directors have
appropriated £4,705 8s lld from the profits
.?t
.f the bank, for the purpose of extinguish-
th,,cg the item of preliminary expenses, and they
rive pleasure and encouragement from the fact that
"ley have been able to do this within five years from
the Incorporation. of the Company, in addition to the
creation. of a Reserve Fund. They now propose to
Pay the usual dividend of six per cent per annum,
free of Income Tax, which will absorb £4,726 10s,
and to carry forward to profit and loss new account
the balance of £3,270 10s 2d, which includes
£1,860 10s 3d for rebate on bills discounted and not
due. The dividend will be payable on the sth
February next.,,
have agreed to recommend the payment of a dividend
'or the past half-year at the rate of 5 per cent. per
"cum, and to carry forward to the credit of next
account the sum of £4,567.
The following is Messrs. Pixley's weekly report of
the bullion market :—Gold : The arrivals during
ule week have again been numerous. They com-
Vse :—£45,000 per City of Antwerp, from New
rk ; £180,500 per Hermann, from New York ;
London,
Chicago, from ditto ; £236,500 City of
from ditto ; £66,400 Seine, from Brazils ;
1£45,000 Liberator, from Sydney ; £13,000 Strath-
") from ditto ; £11,340 Atrato, from West
Mies ; total, £657,740. Of the above total, about
4,000 consisted of sovereigns, and these have been
seat into the Bank. The balance, together with
37,000 withdrawn from that establishment, has been
taken for the Continent ; and, as the demand still
continues, all immediate arrivals will also be sent
4.01:43% -- Silver : The Hermann brought about
--°O,OOO Dor6 silver from New York, and the
TheseThAtrato about £BO,OOO from the West Indies ;
ese amounts have been sold at the rates previously
viz., 600 per oz. standard for Dor6,
a0(.1 6Nd per oz. standard for fine bars. The demand
hay lily for the Continent, shipments to the East
,aving entirely ceased. Mexican Dollars : The
ranee brought £120,000 to St. Nazaire for Vera
of which £BO,OOO is on English account ;
tfthese will probably be sold at the former rate
P. 5841 per oz., and only for refining purposes, there
rig no demand for China. Exchange on India for
,s.mrafts
bey the banks at 60 days' sight is unchanged; and
WY. qued is 10id for Bombay, Calcutta, and
ai4dras. The council drafts sold yesterday show a
is Icinished demand. The minimum was lowered to
Mid, at which £157,000 was allotted on Calcutta,
4,000 on Madras. en Bombay nil. India Govern-
Loan Notes are wiTir.nged. The quotations are
108 to 1081- for 53 per Cents.; 103 to 1031 for 5
per Cents.; and 87 to 871 for 4 per Cents."

BRITISH FUNDS.—CLOSING PRICES.]
a „ GOVERNMENT FUNDS.
or Ueut. Consols
Do. Account Feb. 6 921 3 21
,1/4„.Per Cent. Reduced 93
isi"°W 3 per Cent 93111i
°W 21 per Cent. Jan. 1894 —
A 1)0. 5 per Cent.oan. 1873 —
ntluities, 30 yrs, expire sth Jan. 1880 —
Do. for 30 yrs, expire sth April '1885._
E
(Red Sea
£lOOO l 2
Au,.,
tchcquer Bills, £l,OOO, 2 &21 per Ct 22 pin
Do
£5OO 22 pin
8 D°. £lOO & £2OO 22 pin
aisnk of England Stock, 41- per Cent 241
.
-uo• Account
I„).NDIAN GOVERNMENT SECURITIES.
',Luau tock, 101 Cent., per AprillB74 215
"Jo. Account
i, • 5 per Cent. July, 1880 - *
'-',,e. 4 per Cent., Oct. 1888
O. Certificates
n • nfaced Paper 4 per Cent B7 }
1;°. 5 per Cent., Jan. 1872
°. `'e.er 1 C,,-.2t. May 1879 lOBl
Do. D`-' Per Cent., Rap. Deb., I:'.'? —
o.
do. 1877 —
PDO' do. 1882 —
i° ° , 5 per Cent., Aug-. 1873
4'o. under
;;. Bonds, 5 por Cent., £l,OOO
£1,000