The Sun.
London, England, 1868-08-07 00:00:00

YAJTET

A ND

qOMMERCIAL INTELLIGENCE,

CITY, Two U'CLOCK.

Although the reserve and bullion are shown by the
return of the Bank of England to have again undergone
diminution, the position of the Bank in relation to its
liabilities is satisfactory. The reserve is nearly three
millions and a half, above one-third of the liabilities
on deposits ; and the bullion is £4,804,000, above
one-third of the total liabilities on deposits and circu-
lation. Still, as the bullion and reserve have been
falling for several weeks, and the French Exchange is
rather adverse, the contingency may be at hand of
an advance in the rate of discount to 2' per cent.
The Bank of France has rover descended
below that minimum, and it is probable
that the difference of per cent. may have
been one of the causes of the enormous accumu-
lations of gold in its coffers—the stock being now
very nearly fifty millions sterling. There is a decline
in the public deposits, owing, perhaps, to the new
B. ystem of paying certain public salaries monthly, and
In consequence of demands for harvest purposes the
private deposits have fallen off, while the circulation
has increased in nearly the same proportion. TI
following are the principal changes since the last
return : _
Increase in Circulation
Decrease in Public Deposits
Decrease in other Deposits ...... 786,615
Increase in Government Securities
Increase in other Securities .. 222,083
Decrease in Bullion
Increase in Rest
Decrease in Reserve
Bullion in both Departments ......21,371,989
Reserve in Notes and Coin
Circulation, including-Bank Post Bills 25,514,672
The return of paid clearing for the week ending
Wednesday, August 5, as testified by Mr. George
Derbyshire, chief inspector, is as follows :
July 30, Thursday ... .C 9,150,000
July 31, Friiay ... 22,182,000

_ . .
Aug. 1, Saturday ... ... 11,316,000
Aug. 3, Monday ..• ... 11,080,000
Aug. 4, Tuesday ... ... 12,655,000
Aug, 5, Wednesday ... ... 9, 282,000

Total C 5,665,000
The clearing this week has included a settlement on
the Stock Exchange as well as the business of the
4th. Making allowance for these, business is neither
better nor worse than it was last week.
Consols are very flat, and show a further fall of I, at
D3l to 93k for money, and 93 to 94i for account.
New and Reduced 9n to 94i. ; India Five per Cents.,
114 k to 1151 ; Bank Stock, 247 to 249 ; Exchequer
Bills, 14s to 183 prem.
Foreign Stocks are flat, and prices are generally
lower, Greek, Peruvian, Spanish New Three per
Cents., and Turkish Five per Cents. are each
worse. On the other hand Brazilian is 1 higher,
at 771 to 78. The following are the prices :
Mexican, 151 to 151 ; Greek, 13 to 13 ; Peruvian,
77i to 781; Spanish (New) Three per Cent., 33 to
33 ; Turkish Five per Cent., 38i to 3sg ; Viceroy's
Seven per Cent., 712- to 721 ; and the Nine pet
Cents., 901 to 902 ; Egyptian (1864), 841- to 851 ;
Italian, 521 to 521.
in American Securities, United States 5-20 Bond.l
are steady, at 701 to 711 ; Illinois are 4,- better, at
924, to 931 ; but Erie Shares are k worse, at 37 tc
39:

In Colonial Bonds there is little doing, and prices
are for the most part stationary. Canada Six per
Cent, is q:ioted at 103 to 105 ; ditto Fivo per Cent,
90 to 92 ; gaoritius Six per Cent., 103 to 105
New South Wales Five per Cent., 99 to 101 ; New
Zealand Six per Cent., 110 to 112 ; Que3nsland Six
Per Cent., 105 to 106 ; Victoria Six per Cent., 113
to 115.
English Railway Shares aro dull and heavy, but
the movements in prices are unimportant. Great
Eastern is 1 lower at 391 to 39j ; while Manchester,
Sheffield, and Lincolnshire is better, 422 to 43± ;
and Metropolitan 1, at 117± to 1172. Lancashire
and Yorkshire is unaltered at 1302 to 1302 ; Mid.
land, 1062 to 107/ ; South Eastern, 771- ; London
and North-Western, 1161 t to 117; Great Northern, 106
to 107 ; ditto A, 1031 to 1041; Great Western, 50
tr? 5% ;London, Brighton, and South Coast, 53l to 54 .
Caledonian, 771 to 78 ; London and South-Western,
91 to 93 ; and London, Chatham, and Dover, 2C
to 244.
~Poreign Railway Shares are steady. Lombardo-
ivenetian remains at 15i to 161 ; and Great Luxem-
uourg, 122 to 13.
Bank Shares are extremely quiet at the following
quotations :—Agra (A. shares), 111 to 12 ; Alliance,
tiq to 9k dis. ; Anglo-Austrian, 7 to 71 prem. ; Char-
'red Mercantile, D 4 to. 29k ; Consolidated, 4k. to
4a7 ; Imperial Bank, 17 to 18 ; Imperial Ottoman, 2
to 1 prem. ; London and County, 52 to 53 ; London
and Westminster, 68 to 69 ; ditto, New, 481 to
to; Oriental, 44 to 45 ; London Joint-Stock, 321
.3.e4 ; Union of London, 35 to 36.
Foreign Mining Shares are steady. St. John del
remains at 191 to 20- ; Rossa Grande, 5-16
to 2-16 prem. ; Fort Philip, 11 to 1/ ; Choutales, 21
Miscellaneous Securities are, in common with others
thisi morning, very dull. Hudson's Bay is 1 lower at
sto 15/ : 'Anglo-American Telegraph, 212 to 214- ;
_A
mantic Telegraph 8 per cent., 3.1 to 4 ; Atlantic and
tireat Western Mortgage Bonds, 402 to 402 ; Fore-
otreet Warehouse, -k dis. to 1 prem.
,In Finance Shares General Credit lower, at 21
(0 2 dis., while London Finance is 1 better, at 23 to
2
dis. International Finance rs marked at 12 to 11
18.) and Credit Foncier at 2 13-16 to 2 1-16.
A small failure on the Stock Exchange was an-
nounced yesterday.
~„ihe directors of the Lancashire and Yorkshire pro-
tisseeto pay a dividend for the half year at the rate of
r cent. per annum against 6i for the correspond-
''g period of 1867.
annum
interim dividend at the rate of per cent. per
41111 m on the (A) capital has been declared by the
Agra Bank, payable on the Ist September next.
At the meeting Yesterday of the London and
411,,1UY Bank the directors ' report recommending a
ce„luend and bonus for the half-year equal to 16 per
`;,. Per annum was adopted.
etre directors of the East London Bank have
the a special meeting of shareholders for
1311) instant, for the purpose of confirm-
ing thech,„
resolutions, passed on the 28th ult., to
Litt"ge the name of the undertaking to London Bank,
panned, and to authorise a reduction of the corn-
% Yri capital by a diminution of the amount payable
113,ta Shares.
zaPell the application of the official liquidator of the
has rile' Porcelain Company, the Master of the Rolls
the ordered a call of £2 per share to be made upon
.A‘'nntributories, payable on the 28th inst.
-sn extraordinary
Colliery
general meeting of the Bryn-yr-
Se4._U_olliery Company has been called for the 9th
teciiB7uner, for the purpose of proposing a resolution
I,l4°lve the company and to wind it up voluntarily.
from t,sum of £130,000 in bar gold was withdrawn
Thfie Bank yesterday.
kali: Michigan Southern Road, which has not for
coin Years past yielded any income to holders of its
the Ten stock, is now about to pay 4 per cent. for
pur.
alf-Year. The New York Central dividend is
haler cent., being increased by 1 per cent. for the
at ear.
'34dividend of the Bristol and Exeter Railway
3
with the rate ofper cent. per annum, comparing
'439' Dee cent< The amount carried forward is

A° order
.
bas been made for the payment of a
"orpora'tionot i Cortraot
s to the creditors of the

, BRITISH FUNDS—TWO O'CLOCK.
a ~ ‘IOrEII.NMEXT FUNDS.
931 i
'l7. Oeut. Consols
94 31
a ,ttto for Account, Sept. 8
94 3k
Isitj,Cout. Reduced
94 3i 4
isle' . per Cent
_
13? 21 per Cent. Jan. 1894
_
A °. per Cent dan. 1873 liptities, 80 yrs, expire sth Jan., 1880 —
Do
°. for 30 yrs, expire sth April 1885 —
E _ci
x (Red Sea Telegraph), Aug., 1908 -'pin
-
beoll:luer Rills, .41,000, 2 per Ct
n Do £5OO
_— ,7
IS .
£lOO & £2OO 111 k of p, n 1 d Stock, 4i per Cent — "
_
1)0. AccoVtl,l
UIIOVERNMENT
.__. _ 1:1 Rstock, 10i per Cent., April 1874
_
b". Opening, for Account
114 k
tio. 5 per Cent. July, 1880
pic'' 4 Centates ~ Oct. 1888
110.91
EllfaCed Papei 4 per Cent
1) 5 per Cont., Jan. 1872
,C)„. 5,1 per Cent., May 1879 —
" 0 per Cont., Rup. Deb. 1872 — Do.
1877 —
do.
1)0
1882 —
1),, .-) ; do.
I) . i °I., 5 per Cent., Aug. 1873
11
130. Bond, 4 per Cent., £l,OOO °' lind.'r £l,llOO
kr P(REIGN FUNDS
A ~entirth '' '
—TWO CLUCK.
.....,I,t .-- moptific, 0 per Cent... 11,. !140 Bond per Cent. 1859
,zilian
'
Per(en,
')a. 41
_
t), 2 Pnr Cent., 1852
_
be.. 0,". 18:i8.... ... .
b 0 110., 1860 .
G6l
bo.
~.. do., 1863 I, . per Cent., 1865
t, 0 Ai,cennt
-el,O, , . .
_
1) c, -tYles b per Cent Oili,l'' 4 I,er Cont. (I).ferr,,d 3 per Cent ,
-),,, Per Cent._
,101,0 6 Per Cent
' • 44
00. ,- Per Cent _
do
b 1.,r Cent., 13 _
.„ , 1867
.
--Jo., 7
1),) , Par Cent. 1866
(3 11,.ict.iP 432 ' •
•
paid .
-...a... ~.
Cent. ..
", () Per