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

KOZitY MARTiET

AND

COMMERCIAL INTELLIGEL CB,

CITY, Two o'CLocK.

Although the reserve and bullion are shown by the
return of the Bank of England to have again undergone
d
_.iininution, 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 £4,864,000, 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 per cent.
The Bank of France has never 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
Bystein 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. The
following are the principal changes since the last
return :

Increase in Circulation
Decrease in Public Deposits
Decrease in other Deposits
Increase in Government Securities
Increase in other Securities .. 222,083
Decrease in Bullion ....... 592,662
Increase in Rest
Decrease in Reserve
Bullion in both Departments ...... 21,371,989
Reserve in Notes and Coin v.... 11,408,609
Circulation, including Bank Post Bills. 25,514,672
. _

The return 'of pair clearing for the week ending
Wednesday, August 5, as testified by Mr. George
Derbyshire, chief inspector, is as follows :
July 30, Thursday ... £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 ..: X 75,665,000
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
932 to 934 for money, and 934 to 944 for account.
New and Reduced 934 to 944 ; India Five per Cents.,
1142 to 1154 ; 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 higher,
at 77i to 78. The following are the prices :
Mexican, 154 to 15i ; Greek, 13 to 13i • Peruvian,
‘72 to 784 ; Spanish, (New) Three per Cent., 33 to
334 ; Turkish Five per Cent., 384 to 38i ; Viceroy's
Seven per Cent., 712 to 721 ; and the Nine pet
Cents., 901 to 902 ; Egyptian (1864), 844 to 85k ;
Italian, 52k to 522.
In American Securities, United States 5-20 Bondt
are steady, at 702 to 711 ; Illinois are -.lr better, at
921; to ; but Erie Shares are worse, at 37 tc
39.
In Colonial Bonds there is little doing, and prices
are, for the most part stationary. Canada Six per
'Ant. is quoted at 103 to 103 ; ditto Five per Cent,
90 to 92 ,• Mauritius Six per Cent., 103 to 105 •
Nevi South Wales Five per Cent., 99 to 101 ; New
Zealand Six per Cent., 110 to 112 ; Queensland Six
Per Cent., 105 to 106 ; Victoria Six per Cent., 113
to 115.
English Railway Shares aro dull and heavy, but
Vlaesternis movementsi in prices are unimportant. Great
lower at 394 to 39 ; while Manchester,
Sheffield, and Lincolnshire is ± better, 422 to 434 ;
and Metropolitan 4, at 117/ to 1172. Lancashire
anti Yorkshire is unaltered at 1301 to 1302 ; Mid.
d, 1062 to 1074 ; South Eastern, 77i ; London
and North-Western, 116 k to 117 ; Great Northern, 106
t °1,07 ; ditto A, 103-k to 1044 ; Great Western, 50
to 51:2q ; London, Brighton, and South Coast, tin to 54
\in.aledonian, 771‘c to 78 ; London and South-Western,
ul to 93 ; and London, Chatham, and Dover, 2C
to 20i.
Foreign Railway Shares are steady. Lombardo-
enetian remains at 154 to 164- ; and Great Luxein-
bcurg, 122 to 13.
Bank Shares are extremely quiet at the following
rotations : --Agra (A shares), to 12 ;
t,te) to 9k dis.; Anglo-Austrian, 7to prem. ; Char•c Imperial
Mercantile, 28k to 29k ; Consolidated, 4a to
Bank, 17 to 18 ; Imperial Ottoman, 2
e 1 prem. ; London and County, 52 to 53 ; London
and 49 Westminster, 68 to 69 ; ditto, New, 48Jj- to
; Oriental, 44 to 45 ; London Joint-Stock, 3211
°-,;3,31; ; Union of London, 35 to 36.
Mining Shares are steady. St. John del
t''',o.l7 remains at to 2013- ; Eossa Grande, 5-16
4) 7-10 prem. ; Port Philip, to 11; Chontales, 2i
,0 2a
"•
:I\lieellaneous Securities are, in common with others
;Ills morning very dull. Hudson's Day is lower at
j°,, to 15!•, : 'Anglo-American Telegraph, 212 to 21i ;
antic Telegraph 8 per cent., 34 to 4 ; Atlantic and
tireat Western Mortgage Bonds, 404 to 402 ;
Fore-
street
Warehouse, 12 dis. to IT prem.
Coln Finance Shares General Credit isl 4 lower, at 2k
2,)2,.di5., while London Finance is 1 better, at 23 to
u's- International Finance is marked at 12 to
'B-, and Credit Foncier at 2 13-16 to 2 1-16.
A. small failure on the Stock Exchange was an-
nounced yesterday.
The directors of the Lancashire and Yorkshire pro-
pose
to pay a dividend for the half year at the rate of
`;'l Per cent. per annum against 6i for the correspond-
4ng Period of 1867.
k interim dividend at the rate of 8 per cent. per
an
°tun on the (A) capital has been declared by the
Agra Bank, payable on the Ist September next.
co At the meeting yesterday of the London and
diva. Bank the directors' report recommending a
eetitll2Y 'end and bonus for the half-year equal to 16 per
Per annum was adopted.
etilee directors of the East London Bank have
special meeting o shareholders for
4, the
instant, for the purpose of confirm-
< le resolutions, passed on the 28th ult., to
titon.ge the name of the undertaking to London Bank,
pan,lted) and to authorise a reduction of the com-
p a its capital by a diminution of the amount payable
t 3 share
t s.
P the application of the official liquidator of t_he
liaatael Porcelain Comany, the Master of the Rolls
the °rdered a call of £2 per share to be made upon
Aeontributories, payable on the 28th inst.
extraordinary general meeting of the Bryn-yr-
&'Ll Colliery Company has been called for the 9th
-Ptett.
to diB,,Jer, for the purpose of proposing a resolution
corrout.thyseeuainirisaiolkf
The the company and to wind it up voluntarily.
yesterday..fl3o,ooo in bar gold was withdrawn
° Michigan Southern Road, which has not for
past yielded any income to holders of its
the half- Stock, is now about to pay 4 per cent. for
4 13,, a"-Year. The New York Central dividend is
hair! cent., being increased by 1 per cent. for the
Year.
Ite dividend of the Bristol and Exeter Railway
With theA rate of 32 per cent. per annum, comparing
£7o9' Der cent. The amount carried forward is
dividei°l;Qer has been made for the payment of a
uor "4 Pnration, ois to the creditors of the Contract
f

IMITISII FUNDS—CLOSING PRICES.
a 5 rk,(OVERNMENT FUNDS.
931 'i 1 51. Cent. Consols
3 Per te, for Account, Sept. 8
is/ C eor 0 ent. Reduced 94 3i
New u per Cent
it2,l per Cent. Jan. 1894
A
'Uluities, SO yentrs. ,
expire sth Jan., 1880.
Do for 30 yrs, expire sth April 1885 —
Ezo (Red Sea. Televaplt ). A ce", 1908 — x d
iiO4.ocluer Bills, £l,OOO, 2 per Zit — pin
~., Do £5OO
~
.03,41. £lOO & .£2OO
~^ of England Stock, 41-per Cent —7,
.-30. Account
Artd• --. ~.itOVERNMENT SECURITIES.
1i)1,, 43ek, 101 per Cent., AprillB74 ...
b . OP3niug„ for Account —
Db°' 5 per Cent..fuly, 1880
. 4 per Cent., Oct. 1888
p. Certificat
..,..... es
Do.
znfaced Pape' 4 per Cent —
Do.°. 5 per Cent., Jan. 1872
D‘, Si per Cent., May 1879 —
v 5 per Cent., Rup. Deb. 1872 —
Do,
do. 1877
.
t •. do. 1882 —
,-,' l)e Dob.. 5 Der Cent Aug. 18
• . • ~ 73
_
b, •1.1 ends, 4 par Cent., £l,OOO
0. under .£1.000
FOREIGN FUNDS—CLOSINC "RICI S.
4ktrlie,,u.tine Repubc, C per Cent...
lita,l?3l lleuds 5 per Cent. 1659
cicutan 5 per 'Cent —
I)°' 4i Per Cent., 1.Q.52 —
Lo
u• do 18:8 ' do.
1)0, A 1 18 iii —
1),,. 5 "°., 1863 661
ji,
~ Per Cent., 1865
t neo Account 774 61
4 1.081 ,
-
2 res t) per Cent _
Lug,per Cent. (De (erred 3 per Cent ''
1,.i 6Per Cent.
\ " Per Cent
•••• •••
u0--"° 4i Per Cent
. 6 •
._...
1)0 Per Cent., 11
_
~, 1867 16:., per Cent., 1866
0,1, r,...'eriP 4:32 paid
---,man, 6 per Cent.