The Sun.
London, England, 1868-05-22 00:00:00

KONBI MARKET

AND

COMMERCIAL INTELLIGBNCE,

CITY, Two o'CLocK

The principal feature in the Bank return is thi
evidence it affords of a falling off in the demand foc
money. There is a considerable increase in the amount
of private deposits, while the private securities show
a slight decline ; and in consequence of this the cir-
culation is a little lower, and the unemployed reserve
is enlarged. The influx of gold, which has been con-
spicuous during the week, has caused the stock to
enlarge nearly half a million ; but much larger addi-
tions must be made before the maximum of a few
months back is regained. The following are tho
principal changes since the preceding return :
Decrease in Circulation
Increase in Public Deposits
Increase in other Deposits 259,912
No change in amount of Government Securities.
'Decrease in other Securities .. 25,763
Increase in Bullion
Increase in Reserve
Increase in Rest 9,865
Bullion in both Departments. . .. 20,788,963
Reserve of Notes and Coin 11,863,813
Circulation, including Bank Post Bills 24,404,875
The returns of paid clearing for the week ending
lt. ay 20, as certified by Mr. J. 0. Pocock, deputy in-
spector, are as follows :
May 14, Thursday ... £19,848,000
May 15, Fri.lay 12,016,000
May 16, Saturday
... ..., 10,809,000
May 18, Monday... 9,786,000
May 19, Tuesday ... 9,604,000
May 20, Wednesday ... ••• 8,945,000

Total .7.7 £71,008,000
This return includes the Stock Exchange settlement oi
the last fortnight. Making allowance for this incident,
the aggregate is more satisfactory than that of last
week, and it is in excess of that in the corresponding
week of last year.
Foreign Railways are unaltered. Great Luxem-
burg is inquired for at 11 7-16 to 11 9-16 ; and
Lotnbardo-Venetian, at 14i to 15k.
Bank shares are quiet, and prices are without
movement. Agra (A shares) are quoted at 10 to 10i;
Alliance, 13 to 12 dis. ; Anglo-Austrian, 4/ to
54- prem. ; Chartered Mercantile, 28 to 29 ; Con-
solidated, 4i to 4/ ; London and County, 52 to
53 ; London and Westminster, 71 to 72 ; London
Joint Stock, 35 to 36 ; Union of London, 35 to 36
Foreign Mining Shares are very quiet at yesterday's
prices, St. John del Reys being marked at 18i to.
19 ; Port Philip, lk to 1/.; Chontales, 1i to 2k,
Credit Foncier shares are very quiet at 2/ to 3;
General Credit 2;.f to ; and National Discount 101
to 11i.
111 Miscellaneous Securities Hudson's Bay are
steady, at 151 to 15i ; Anglo-American Telegraph,
43 1-16 to 23 3-16 ; Atlantic Telegraph Eight per
Cent., 5t051 ; Fore-street Warehouse, 2to 1 dis.
London General Omnibus, 1i to 2k.
American Securities are steadier. Illinois Shares
opened better, at 95i to 96i. ; of the Five-Twenty
nae k, at 71k to 71/ ; Erie, 451 to 45/.
BLead
Ihe market for Colonial Government Securities is
Can Y. New Zealand Six per Cent. are 109 to 111 ;
`Janadian, 104 to 105 ; Mauritius, 105 to 107 ;
Queensland, 1071 to 108 i ; and Victorian, 113 to
114.

The Railway Market is quiet. The changes, which
are fractional only, have no definite meaning. Mid-
lands at 107 to 107-i, are scarcely so good as at
the unofficial close. Lancashire and Yorkshire are
127/ to 1281 ; South Eastern, 76i to 77 ; London
and North 'Western, 115 to 1151 ; Great Northern,
102 to 103 ; ditto (A), 9Gi to 97i ; Great Eastern,
`_32 to 341; Great Western 53 to 54 ; Brighton,
2 to 531 ; Sheffield, 42 to 43 ; Metropolitan, 112
to
to 1121
; Caledonian, 75 to 75i ; and Chatham, 181
in.
Short dated commercial paper is being readily
taken this morning at ig to 1/ per cent.
Corn is very dull this morning, the change in the
Weather being considerable, highly favourable to the
Young wheat.
„ English Funds are very firm, the condition of
the money market encouraging investments. Consols
are 93/- to 94 for delivery, and 931 to 931 ex div.
for the 4th of June. New and Reduced are 93i to
93i ; Exchequer Bills, 5s to lOs prem.; India 5 per
Lents. are 116 to 1161 ; and Rupee Paper (1872),
104 to 1041 i•. Bank Stock is 246 to 248.
SPeculative Foreign Stocks are in active request.
Italian, upon the improved financial position of the
government, have risen a fresh tt per cent., the present
Price being 50 to 501. Turkish a further per cent.
better, at 354 to 36. Brazilian are quoted 76/ to 76/ ;
Chilian (1867), 95 to 96 ; Danubian 7 per Cents., 72i
to 73i ; Egyptian (1864), 81i to 82 ; Viceroy's 7 per
Cents., 91/ to 911 ; and the 7 per Cents., 72i to 73 ;
Greek, 13), to 131 Italian, 501- to 50/ ; Peruvian
k 1865), 831 to 84 ; Portuguese, 40R to 40a ; Rus-
"ian 1862), 831 to 841 ; and Spanish, 36k, to 361.
.£2.45,000 in gold was taken into the Bank yester-
day, including £150,000 from Alexandria on Govern-
Tent account.
The Ceylon has arrived from Alexandria with
.4'4,690 in specie, and the Baltimore, from New York.
With X 12,500.
The steamers which left New York yesterday for
Europe bring £lOO,OOO in specie.
No fewer than 149,000 hectolitres of grain were
reported to have arrived at Marseilles on Monday last
from the Danubian and Black Sea ports. These
1!11ports were pressed upon the market, which never-
theless remained comparatively steady.
The Belgian province of Brabant has just emitted
being
loan of £170,000, in 4k per cent. obligations,
part of a loan originally brought out in 1864,
of X 240,000, with dividend from Ist July next. The
I_9n is redeemable by drawings in fifty years, and some
Blight advantages accrue to subscribers who pay in
advance.

A Special general meeting of the East London Rail-
Way Company has been called for the 3rd of June to
consider a bill now pending in Parliament.
The traffic receipts of the Bombay, Baroda, and
Central India Railway for the week ending March
28th, show an increase of £904, and the returns of the
Madras Railway for the week ending March 21st an
increase of of 1,071, as compared with the corresponding
periods of 1867.
The traffic receipts of the Great Western Railway
lor the past week show a decrease of £2,600 ; and
the London and South Western an increase of
£3,382.
The traffic receipts of the Bahia and San Francisco
Railway Company for the week ending 11th April,
Bhow an increase of £294 as compared with the cor-
t.esPonding week of 1867.
The following is from Messrs. Layton and Co.'s
Tea Circular :—" The tea market has been quiet
during the past fortnight ; numerous arrivals have
tt'e° Place, and the demand from the country has
keen generally less active ; importers have, however,
r,vvn great firmness throughout and towards the close.
imported•at" of good common black and red leaf congou are
1,0, privately at a further slight advance in value.
is "now Fannings have met a good inquiry at l lid to
lb new-make kinds from Canton at lld to 11 d per
sale edium qualities of congou continue difficult of
rtr, a quotations, and in fine to finest Moiling apd
-s-Volva there is nothiva fresh to renort."
tr'he peculiar advantages offered by the Great
itain Life Assurance Society afford a perfectly
nol and equitable system of apportioning • the
13rcfits to those adopting one of the most prudent
steps of modern times. That life assurance is
~..largely availed of is a well-known fact, but that it
not carried on to that extent which it ought to
be is unfortunately also most true. Doubtless the
fear of default of payment has prevented many
:testa taking out a policy, but by the system in force
adthe " Great Britain Mutual " the directors have
opted one of the wisest courses ever taken by
fe 3' society. By means of a novel and per-
thctly
equitable system of apportioning profits
in bonuses may be applied first in extinguish-
g the premium, after a limited number of
4,,
4:411a1 payments, and afterwards in making the
truht of the policy payable during the lifetime of
eassured. The result of such an arrangement is
thatti the assurer can either secure a 4, free" or paid-
1/111,Pc'licY; or secondly, a Burn payable on his attain-
a given age, or earlier in the event of decease.
48 8 ISYStelll is peculiar to the " Great Britain," and
43,84 removes the two great objections against the
offiete°' of insurance, it ought to secure for the
lib that preference and consideration to whichits
eralitY so eminently entitles it.

Per
etenlttlT:o
3 COVEItNittENT FUNDS.
SnsHoisFUNDS —CLOSING.
9P3RI:ES.
9-11- i
Ditto f •
3 or Account, Jane 4 .....•••• ..... 93. t. i
„Per e ,
x eat. Leduced ..
...New. 3
... 931 i
New
, per Cant
_
17 -I per Cont. Jan. 1891
_
Au °• 5 Per °eta. oni .1873
tinitios SO • - ' ith Jan., 164'''
D 0 , pis, 0. pre
I) • for 30 yr 4„ th April 1885 -
~:, pre
B.
Do. (Red Sea Ti eiorA ,h), Aug , 190
pm
No'uquer BillB, 4,1,000, 2 per Ct
-•,-, .
Do. £5OO
5
414u1 ZlOO
2461 Si
cof England Stock. 41-p-r Cent ,
.00 Account 4-3 -
atini.‘, f,
a tut. , -,‘ GOVERN ,LENT SECURITIES.
IzObtock 10i ' Aprill874
o. , ‘ , per Cent.,
_
no. 8“. count
114 i
b.,. t) l'er Cont. July, 1880
u• 4 , b I et* Gent., Oct. 1888
o. Cortilleat ,
1)°. E f aced "
,o. . n Paper 4 per Cent —
Do, 0 pe Cent., Jan. 1872
D°.
3i per Cent., May 1079 lO9 8k