The Sun.
London, England, 1868-07-03 00:00:00

XONEY MARKET

AND

OOMMERCIAL INTELLIGENCR,

CITY, Two o'CLocK.
The Bank return is made up to the evening of the
Ist inst., so that it comprises the close of the late and
the opening of the current quarter. All its variations
are associated with the changes caused by a general
adjustment and balancing of half-yearly accounts.
The public deposits show a large reduction. This is
the result of the payment of salaries of public officers.
The private deposits show an increase of nearly two
millions sterling : on the other hand the private se-
curities show an increase of upwards of two millions,
from which it may be inferred that of the advances
obtained in anticipation of the half-yearly dividends,
by far the largest proportion has not been used at all,
except by way of reserve. Consequent upon those
changes the reserve has declined to about the same
amount as the private securities have increased ; while
the circulation has enlarged little more than a million.
The following are the principal variations compared
With the position of the bank last week :
Increase in Circulation £1,070,474
Decrease in Public Deposits
Increase in other Deposits
Decrease in Government Securities
Increase in other Securities . 2,291,358
Decrease in Bul:ion
Increase in Rest
Decrease in Reserve
Bullion in both Departments ......22,751,221
Reserve 10 Notes and Coin
Circulation, in Bank Post Bills. 25,224,056
The return of paid clearing for the week ending
Wednesday, July 1, as certified by Mr. J. C.
l'ocock, deputy inspector, is as follows :
Jane 25, Thursday ... x 8,857,000
June 26, Friday 9,905,000
June 27, Saturday ••• 12,271,000
• June 29, Monday
••• ••• 8,991,000
June 30, Tuesday ••• ••• 24,998,000
July 1, Wednesday ... 16,099,000

Total £81,121,000
This is the largest clearing in any week since the
publication •of the returns commenced, thirteen
months ago. The amount is affected by two circum-
stances, the close of the half-year and the bi-monthly
settlement on the Stock Exchange.
The rate for the best bills remains unaltered at 11
per cent., and the market is moderately steady.
The Oneida has arrived with £33,000 in specie
from the 13razils.
The English funds are firm at the advance obtained
yesterday. The quotations for delivery and the
August account is 95 to 95k ; New Reduced, 94/ to
95. Indian Government Securities are better : the
Five per Cents. are 114 k to 1151- ; and 8 rupee
taper, 105 k to 106.
Italian (1861) Bonds are again k per cent, better,
the present price being 521- to 54 The Foreign
Stock Market is generally firmer. Turkish are ex-
ceptionally flat, the 1865 Bonds being 39k ; Mexican
are 15/ to 16k ; Greek, 13k to 13k ; New Spanish,
36f to 36i ; Egyptian (1864), 81 to 83 ; and Peruvian
(1865) 8 to 80.
The, Neo w Honduras Loan is par to 1 prem.
American Securities are moderately firm. United
States 5-20 Bonds are steady, at 73 to 73k ; Erie
Shares are k better, at 4524 to 46k ; Illinois unaltered,
at 10] to 102.
Atlantic and Great Western Railway Debentures
have risen is to 28k to 29k ; and the ConsOlidated
Mortgage Bonds 1, to 34k to 351--
The advanced prices current in the Railway Market
at yesterday's close are continued. Lancashire and
Yorkshire are 1272 to 128 k ; Midland, 105 k to 106
South Eastern, 73k to 74 • London and North West-
ern, 114 to 114 k ; Great Northern, 101 k to 102 i ;
ditto A, 95 to 96 • ' Great Eastern, 36k to 36i ;
Great Wester; 49k to 50 ; Brighton, 521 to 52/ ;
Sheffield, 412 to 42i ; Metropolitan, 112 k to 112 i ;
Caledonian, 71/ to 721 ; and Chatham, 19k to 19k.
Great Indian Peninsula Railway New Four
per Cent. Debenture Stock is 96 to 97.
12
Foreign Railways are quiet. Lombardo-Venetian
is quoted
to 12k at 15g to 15/. ; and Great Luxembourg,
Bank Shares are dull and heavy, and the dealings
are merely nominal. London and Westminster,
Union of London, and London Joint Stock, are each
lower, being quoted at 69k to 70i, 32k to 33k, 32k
to 33i respectively. London and County is unaltered
at 491 s to 50i ; Agra, 11 to 12 ; Alliance 11k to 10i
dia.; Anglo-Austrian, 4k to 5k prem. ex div. ;
Chartered Mercantile, 28 to 29 ex div. ; Consolidated,
4g. to 4k ; Imperial, 18 to 19 ; Imperial Ottoman,
-& to / prem., ex div. ; Oriental, 42i to 43k.
Colonial Government Securities are quiet, and
prices show no change. Canada 6 per Cent. is
marked at 101 to 106 ; ditto 5 per Cents., 89 to
91 ; Mauritius 6 per Cents., 102 co 104 ; New South
Wales 5 per Cent., 98 to 100 ; New Zealand 6
Per Cent., 110 to 112 ; Queensland 6 per Cent., 105 k
to ; Victoria 6 per Cent., 111 to 113.
Electric and International Telegraph Shares remain
at £2OO, £lOO paid.
In Foreign Mining Shares there is little or no busi-
ness doing,
and prices are for the most part sta-
tionary. St.
John del Rey is marked at 19 to
20 ; Port Philip, 1 k to 11 ; Chontales, 1/ to 2A. ;
Rossa Grande, to -k prem.
Miscellaneous Securities are steady. Hudqsn's Bay
remains at 15/ to 15a ; Anglo-American Telegraph,
21 11-16ths to 21 13-16ths ; Atlantic and Great
Western Mortgage Bonds are k better, at 34 to 35 ;
Atlantic Telegraph 8 per Cent., 4 13-16ths to
4 15-16ths ; Fore-street Warehouse, par. to k prem. ;
London General Omnibus, 2 to 2k.
There were no gold operations at the Bank of
England yesterday.
Specie to the value of £125,000 left New York on
Wednesday for Europe.
The monthly consol account commences on Mon-
day, and closes on the following Thursday.
he City of Glasgow Bank have declared a dividend
atx The rate of 8 per cent, per annum, and added
20,000 to reserve, which now amounts to £220,000,
and carried forward £20,516 is 11d.
_ The ordinary general meeting of the Metropolitan
Bankcr has been called for the 17th inst., to receive the
'rectors' report and to declare a dividend.
Letters from France, in reference to the grain mar-
kets, state that the appearances of the harvest are
still most satisfactory, but that holders are endeavour-
ing to resist a fall in prices, and that many markets
are consequently only half supplied. This' condition
is, of course, in favour of sellers,but prices are not
maintained. At Marseilles there were considerable
arrivals of grain on Monday which checked business,
without altering prices.
eported firm. SiSix marks flour at Paris is
A tabular statement has been pnblished of th
general situation of all the leading finanteoiatlhes3talbet-
lislunents on the Continent of Europe up
May. From this statement it appears thaet
unemployed cash amounted on that date te
3,110,572,446 fr., whereas on the 30th April if
was only 2,958,134,401 fr., being an increase of
152,438,045 fr. during the month. During the
same period the bills and securities diminished
88,740,379 fr., and the loans 41,955,823 fr. A.
existence
than is shown by these figures of the
istence of distrust is not to be found.
willwill take place on the 15th inst.b
, when £200,000
eireulr from the Electric and International
offered slit'
Telegraph Company states that the Government have
!c_t to the approval of the committee of
cotnpany's
the Elo'use o 3 Commons now sitting,to purchase tho
property at 'twenty years' prsent profits,
and that the directors have. accepted these terms. If
the bill does not pass this session then the offer is
Withdrawn.
The liquidators. of the Accidental and Marine In-
surance Corporation (Limited) give notice that they
have wade a second list of contributories, being past
members of the said" corporation, and that they will
proceed woifthjutihe settlement of such list on Fiiday)
the 10th
The traffic returny. of the Great Southern of India
dßpacirlewriasye
offorx2thBe week ending March 28, shows a
period
of
1867. 3 as compared with the corresponding

„ larrallit 11'17HD3 —TWO O'CLOCK.
k,ovElotart XT FUNDS.
3 por, Cent. Consols . .
._ 95 f
95
Ditto for Account July, ..
..9. . :
1,” Per Cent. Reduced ...
-"e'r 3 per Cent
. ...........
New 21 per Cent. i5...n.: .....
_
Al 130. 5 per Cent. J an. 1873
-e•Tlalities, 80 yrs, expire sth Jan., 1880 —
Do, fQr 30 yrs, expire sth April 1885 —
Ex,i°4oated Sea Teh4,rapla), Aug., 1908 —
Do quer 1101 s, £.1,000, 2 per Ct l5
Do. .£5OO
..................
Bank of EnglBndTto°cl,447er Cent Do. Account .
INDIAN (101-nlixamtvr SEounirrize. 242_ 40
ndia tock, 101 per Cent A i 11874
e. Opening
... ', .Apr i 11874 _
Do. 5 per Cent..! ........ lii'g; ......... ll4l 15
Do. 4 p°' Cent., Oct. 1888
Do• Certificates .. ..
Do. Enfaced Pape ... ........ Cent....
106 51
Do. 5 per Cent., Jan. 872
Do. 5i per Cent., May 1879
Do 5 por Cent., Rup. Deb. 1872 —
Do.
do. 1877 —
Do•
do. 188')
Di... Deb., ,per Cent , Aug- 4873
32 pm
Do. Bonds, 4 per Coal., 41,000
PmDO• under .£l,OOO
FOREIGN FUNDS—TWO CLOCK.
_
Argentine Repubc, 6 per Cent .... .
Au3trian Bonds 5 per Cent. 1859 —
Bra4ilia 5 per 'Cent . ... ..................... - id
Oa. 41 per Cent., 1.852 ................. `.
Do. do,
1868uwimulur ..... , -...