The Sun.
London, England, 1868-03-13 00:00:00

ONEY MARKE

. AND
COMMERCIAL INTELLIGENCR,

CITY, Two O'CLOCK.

The Bank return snows from an increase in the
Securities that the demand for money is increasing ;
but this condition is more than counterbalanced by
an accession to the deposits. The circulation has
consequently fallen off, and the Reserve has enlarged.
In other respects there is no material change in the
position of the Bank. It is still one of considerable
strength ; but not strong enough to prevent antici-
pations of an advance in the rate of discount in the
event of any important increase in the demand for
the means of remittance to India to pay for cotton.
The following are the principal changes since the pre-
ceding return :

Decrease in Circulation
Increase in Public Deposits
Increase in other Deposits... 412,361
No change in amount of Government Securities.
Increase in other Securities
Increase in Bullion —... 43,443
Increase in Rest
Increase in Reserve
Bullion in both Departments _....21,179,530
Reserve of Notes,and Coin 13,004,515
Circulation, including Bank Post Bills 23,671,613
The return of paid clearing, for the week ending
Wednesday, March 11, as certified by Mr. J. 0
Pocock, deputy-inspector, is as follows :--

March 5, Thursday £11,411,000
March 6, Friday
March 7, Saturday
March 9, Monday 9,462,000
March 10, Tuesday 8,901,000
March 11, Wednesday ,.....1 7,187,000

T0ta1...... £60,348,000
This aggregate is nearly 18 millions less than that of
last week, but that week included a Stock Exchange
settlement, of unusually heavy character. As in the
Present week no disturbance of the kind has inter-
fered with the ordinary course, it may be inferred
that the transactions of regular commerce are in-
creasing. The last time when similar conditions
occurred after a Stock Exchange settlement, the
aggregate clearings were but little above £54,000,000.
It is, therefore, only reasonable to infer some improve-
ment in trade.
The Discount demand is unaltered, at 1 per cent.
The English Funds are rather dull. Consols re-
Main at 93 to 93 for money and account. New and
Reduced, 91i to 92. India Five per Cents. are flat
upon realization, being quoted at 114/ to 115, show-
ing a decrease of . Bank Stock, 249 to 251. Ex-
chequer Bills, lOs to 15s prem.
la Foreign Stocks Egyptian Railway Debentures,
Peruvian (1865), and Orel-Vitetske are per cent.
better, but the Viceroy's Nine per Cents. and Greek
are lower, and Italian /. Spanish are firm. The
quotations are as follows,:—Mexican, 151 to 16 ;
Greek, 12k to 12/ ; New Spanish, 35/ to
36 ; Italian, 45/ to 46 ; Turkish, 33 to 33/ ;
Portuguese, / to 1f prem. ; Orel-Vitetske, 78 to 781- ;
Peruvian, 76k to 761; Brazilian (1865), 71f to 711 ;
Egyptian (1864), 86A- to 87/ ; the Railway Deben-
tures, 90J to 91 ; Viceroy's Nine per Cents., 88i to
89 ; and the Seven per Cents., 73i to 74.
American Securities are steady. United States
5-20 Bonds are enquired for at 71/ to 72. Erie Rail-
road 49 to 50. Illinois, 891; to 90.
Confederate Cotton Bonds are being speculatively
bought to a small extent, and the price is 6 per cent.
The New Honduras Loan is steady at I to 1f
Prem.

Atlantic Great Western Railway Debentures
remain at 26A- to 27/, and the Consolidated Mortgage
Bonds at 28 to 29.
The Railway Market is a little firmer at the sub-
joined quotations : Lancashire and Yorkshire, 125 k
to 126 ; Midland, 105- to .106 ; South Eastern, 72
to 72i ; London and North Western, 115 to 115 i ;
Great Northern, 105 to 106 ; ditto, 110 to 101 ;
Great Eastern, 31 to 31i- ; Great Western, 461 to
47t- ; Brighton, 48i to 49 ; Sheffield, 42i to 43 ;
Metropolitan, 1131 to 1131 ; .and Caledonian, 82
to
Foreign Railways are rather firm ; Lombardo-
Venetian Railway is quoted at 14/ to 15 ; Luxem-
burg-,
9i to 9i.
Bank Shares are without feature, and the only
change is an improvement of k in Imperial Ottoman,
at dis. to par ; Imperial 16 to 174- ; Alliance 14i
to 13i dis ; Anglo-Austrian, 3i to 4 prem. ; Char-
tered Mercantile, 28-k to 2; London and Westmin-
ster, 6Th- to 68 ; London and County, 52 to 53 ;
London Joint Stock, 32i to 33i; Union of London,
33 to 34.
Foreign Mining Shares are dull. St. John del-
.;l eys are k lower, at 1(V)-- to 17i ; Port Philip, 1± to
; Chontales, 1k to 1k dis.
Little business is doing in Miscellaneous Securities.
Anglo-American Telegraph is firm at 221 to 22i ;
Atlantic Telegraph 8 per Cents., 5a to 5!„ ; Fore-
Street Warhouse, 1 to 1/ dis.; Hudson's Bay, 14,i
to 14-i ; London General Omnibus, to 2 ; Ocean
Marine Insurance, 14 to 15 prem.; Thames and
Mersey Marine Insurance is k better, at 2k to
13retn.; Universal Marine, dis. to par.
The Pestarina United old Mining Company have
received a remittance of 788 ounces, valued at £2,700.
The remittance of the Val Antigoria Gold Mining
Company is 59 ounces.
Bar gold to the value of £4,000 was withdrawn
from the Bank yesterday.
The silver market is very active in consequence of
the increasing demand for the means of remittance to
the East and the scarcity of supply. Late yesterday
business to the extent of £250,-000 was transacted in
bars at 60id to 61i-d per ounce, the current price
being id per ounce higher.
Advices from Marseilles describe an unfavourable
reaction in the wheat market, owing to adverse winds
having delayed arrivals from the Black Sea and else-
Where. At the same time there had been rather a
au_dclen accession of orders to purchase, more espe-
cially on the tith instant.
A reduction of 4- per cent. on rates of freight on
a_pecio to India has-been made by the Peninsular and
Oriental Company, and of I per cent. on specie to
China and Japan. On gold to India their charge is
now 1 per cent.
The ordinary general meeting of the Don Pedro
North del Rey Gold Mining Company has been called
for
the 23d inst., for the transaction of the ordinary
business of the company.
Me directors of the Oude and Rohilkund Railway
‘)_ °Lapany have received information that extended
uperations have been commenced on their lines, and
they propose to issue shortly a further £1,000,000 of
toPital, in shares of £lO each, to be offered rateably
the shareholders.
A. dividend of 1- has been declared on the Linores
Lead Mining shares, of 2s on Fortuna, and of is 61
oa Alamillos.
New York advices announce the failure of Smith
and Lounsbury, carpet dealers ; Wicks, Van Alstyne,
and Co e t
f_ x ensive dry goods jobbers and importers,
„,?Imerly George A. Wicks and Co. ; and Thontass and
`-?0., importers and commission dealers in ribbons,
Mks, and dress goods.
The fourth ordinary general meeting of the
_jentral Argentine Railway Company (Limited) will
held on the 31st inst.

BRITISH FUNDS—CLOSING PRICES
GoVERNMENT FUNDS.
8 per (.gent. Consols
-u°• Account A -19
a •, pm. - 93 4l
per Cent. Reduced 9l 2
ZeW 3 per Cent 9l- 2
erNW 21 per Cent. Jan. 1894 —
A 4JO. 5 per Cent. .) an. 1873 —
11,11nities, 30 yrs, expire sth Jan., 1880 — xd
i.,4-70. for 30 yrs, expire sth April 1885 —
.."2' (Red Sea Televaph), AuA., 1908., —
cB'oquer Bills, £l,OOO, 2 per Ct. — pm
Do £5OO — pm
Bah DO. £lOO Sr £2OO lO pm-tt. o4f
cEcnoigilnatnd Stock, 4/ per Cent —
1N
/44. GOVERNMENT SECURITIEB.
!.-rt,i tock, 104 per Cent., April 1874
'Jo- Account
1:3)°. 5 per Cent. July, 1880
1:)°. 4 pe!-. Cent., Oct. 1858
„0- Certificates
tic). Enfaced Paper 4 per Cent —
IP 5 per Cent., Jan. 1872
b°' 51 per Cent., May 1879 —
° 5 per Cent., Rup, Deb., 1872 —
Do. do. 1877 —
Do
D • do. 1882
D' Deb., 5 per Cent., Aug. 1873
• b' Bonds, 5 per Cent., £l,OOO
0- under £l,OOO
Pol
4r.. trOREIGN FUNDS—CLOSING PRICES.
A ti„'ine Republic, 6 per Cent _
lira7;l,3=l Bonds s.per Cent. 1859
ri`l"an 5 per 'Cent —
BA3 - '4l a Per Cent., 1852 —
1,-* do., 1858
-0—
°' d 0.," 18,30 634 5
bo , do., 1863 ' 634 1
t) • ° Por Cont., 1865
)14_0 Account 7ll
Dios Ayres 6 per Cent• —
94; °
2„Per Cent. (Deferred 3 per Cent )
(341 Per Cent. -1:304v p Cent —
p,., -,2- per Cent
80. ° Per Cent., B .
b., 1867
Iv, 7 Per ,Cent., 1866 —
0 :',Berip £32 paid
I)k,t,'"'olan, 6 per Cent.
1),11,71,. 3 Per Cent., 1825
13(;-8)Jan Principalities, 7 per Cent —
11-11,„ Per Cent., 1867 . _.
/1g.,`:::11" IN Con.selidated, 1 per Cent l2*
Ily'la'), 7 per Cent —
1),- Secoad Issue
..
D • £5OO Bonds
°. £l-6e, Bonds... —
n•
.4)(). 1864
bo- o• X5lO Bonds B6:
(~ XlOO Bonds
qi.,(,(l),ernia.mat Railway Debentures ..., 901
b cco
, 5 Per Cent., 1824-5, ex Coups —
h% Aunt
41Q• Coupons. -P..4 •-•
,
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