The Sun.
London, England, 1868-06-19 00:00:00

a; m A Ft 1K L
T
u

AND
qO72II'4ERC/AL INTELLIGENCE,

CITY, Two o'CLoci.

Notwithstanding the slightly increased price of
tri°"Y in the open market, the Bank return points to
the probability of a reduction in the rate of discount
t°, 4 per cent. The •Bank terms being •i per cent.
pi.uove those of the market, its securities have naturally
~rt,:en off, while deposits have been withdrawn for the
rilose of meeting the outside demand first referred
Yet the resources of the Bank have enlarged
'll.lt.ii the reserve again exceeds fourteen millions,
\
1.11010 the bullion is in excess of twenty-two millions
i1(1 a half. A reduction may be delayed until the
tern
_of the half year, but with the dispersion of the
dividends in July, if not before, there will necessarily
ttel aVe'llor.a of unemployed money in the hands of
i
4111c5, which will probably impel them to invite
vkcations fur its use, by offering it even at 1 per
e
nt• The following are the principal changes since
the previous return :
Decrcase in Circulation
Increase in Public Deposits
Decrease in other Deposits
No change in amount of Government Securities.
Increase in other Securities . 436,579
Increase in Bullion
increase in Rest 8,178
Increase in Reserve • 377,335
Bullion in both Departments
Reserve including Notes and Coin 14,046,310 •
Circulation, in Bank Post Bills. 23,949,480
ilyThe return of paid clearing for the week ending
•;:edeesday, June 17, as certified by Mr. J. C.
'oceck, deputy inspector, is as follows : •
June 11, Thursday ... .C 7,822,000
June 12, Friday ••• ••• 9,806,000
June 13, Saturday ... 11,296,000
June 15, Monday 9,386,000
June 16, Tuesday ••• ••• 23,400,000
June 17, Wednesday ... 12,533,000

Total £74,243,000
This aggregate has been attained chiefly by the
eavY settlement on the Stock Exchange, otherwise
thereu, is reason to believe it would have proved nu-
i:illy low. This fact is not in accord with the com-
t:A
laints of an absence .of business on the Stock Ex-
change.
bills
Money Market is steady, with three months'
1114 being discounted ?; per cent. below the Bank rate.
The
~ supplies are considerable.
the Funds opened at last night's advanced prices,
'et there have since been sales, and quotations are
not so high. Consols are 94i to 95k for money, and
95
05 to 95* for account ; New and Reduced, 941 to
, Bank Stock, 245 to 247 ; India Five per
heftrns., 114. to 115 ; Exchequer Bills, 14s to 18s
e.
jureign Stocks are generally rather firmer than at
dos, last evening, but there is not much doing.
T Italian
• 'ere Is an advance of fin Greek, at 131 to 14±;
(1861), at 53k to 53k ; and in Peruvian, at
7
to 88 ; and of * in New Spanish, at 38 to 38k ;
.snd Turkish (1865), at 394 to 39g, ; Danubian Bonds,
`.1;..e 81i to 82i ; Egyptian (1864), 82 to 83 ; and the
Viceroy's Seven per Cent., 74 to 74k.
,rtgyptian Nine per Cent. Bonds are 88± to 88/.
.r.uhe New Honduras Loan is par to 1 prem.
Arneeican Securities, United States 5-20 Bonds
are unaltered at 73 to 73,} ; Erie Shares are lower, at
915 to 46 ; Illinois steady, at -991 to 1001.
Atlantic and Great Western Railway, Debentures
are 29 to 30, and the Consolidated Mortgage Bonds,
"4 to 341.
Pglish railways are steady, the only changes as
'°llipared with the final prices of last night being a
ripe of± in Great Northern, and of in Caledonian
South Eastern, and a fall of * in Metropo-
,:i a: n• The quotations are :—Lancashire and York-
, 129 to 129 k ; Midland, 106 to 1061 ; South
Eastern, 75 to 75k ; London and North Western,
.410 i to 116 ; Great Northern, 103 to 1031•' ditto
1,4 06i to 97* ; Great Eastern 36 toto 36i ; Great
es tern, 53t to 531 ; Brighton 511 52 Sheffield,
,13 to 44 • Metropolitan, 114 to 114 ; Caledonian
ai to 74/ ; and Chatham, 20 to 20k.
Credit
shares are in moderate request. General
`-redit is higher, at 2 to l dis. ; International,
It to i dis.: Credit Foncier, 31- to •31 : London
v 'nance, 22 to 20 dis. •
0 Poreign Railway shares are not quite so firm.
"eat Luxembourg is * lower, at 12 5-l6ths to
i„
7-16thS ; Lombardo Venetian Railway, 15 to 15.
Bank Shares are very quiet, and prices are with-
lit change. Tho following are the quotations :
tlgra (A Shares), 111 to 121 ; Alliance , 101 to 9k
48. ; Anglo-Austrian 5i to 6 prem. ; Consolidated,
a to 5i ; Imperial, 18 to ]9 ; Imperial Ottoman, 1±
*o 11 prem. ; London and County, 50 to 51 ; London
.!;.nd Westminster,. 71i to 711 ; Oriental, 42*. to 43 ;
1-") ndon Joint Stock, 34 to 35 ; Union of London, 34
1.0 35.
Foreign Mining Shares are lin little demand. St.
ulin del Rey remains at -20 k to 21,i ; Poit Philip,
to; Chontales, 1/ to 2 ; Rosen Grand, 3-16
LO -
The dealings in Miscellaneous Securities are limited,
t prices are on the whole well maintained. Ang,lo-
41nerictin Telegraph is enquired for at 22q to 22g ;
Atlantic Telegraph 8 per Cent., 5; Hto 5* odson's
l(±- to 16k ; London General Omnibus, 2± to
24 ; National Discount, 11 to 1l k.
m&
Xll6 000 in bar gold was yesterday sent into the
ai

f The Mass;lia has arrived with £07,000 in specie
rem Alexandria.
Messrs. Barings have received £6OO on account of
'els' Granada dividends.
Letters from Paris state that fears are entertained
there of the effects of the long absence of rain, whilst
uie heats have prematurely forced some of the crops. ~
beet for example has suffered greatly, and it has
further been injured by the appearance of insects
Ivl,lolll rain would have destroyed. Beet growers,
Iva° are now an exceedingly large interest in France,
are therefore feeling considerable anxieties.
Mr. Helmuth Schwartze's wool price current, dated
lastL night, states that since the.Bth inst. the market
413 experienced a further decline, altogether cancelling
'-e advance on March rates, which the first week's
84,1ei had established. This is true for all descriptions,
\Mile for some special kinds, such as lambs, prices, on
account of the large supply, are even materially lower
than in the last series.

~.A, concession has been granted to certain capitalists
utF4 railway from Grosswarden to Essegg, in Hungary,
length
a branch from Essegg to Villainy, the whole
,engi h being about 50 miles. By another concession,
is shortly expected, the line will be prolonged
`?.Sissek, and thus a direct and easy communication
1111 be opened between Southern Hungary and the
Adriatic. The line will be only a single track, and
tlle estimated cost is• 120,000 florins per mile.

BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT FUNDS.
a Per Cent. Consols
$ Ditto for Account, July 9 .... 951 41
)1/4,,Per Cent. Reduced 94f 5 41
-to.'" 3 per Cent
"our 21 per Cent. Jan. 1894
, Do. 5 per Cent. attn. 1873 .. —
A muities, 30 yrs, expire sth Jan., 188t'. --
Do. for 30 yrs, expire sth April 1885 —
Ea Do (Red Sea Televaph), Aug., 1908 —
z‘a titcquer Bills, £l,OOO, 2 per Ct l4 pm
Do. £5OO
Do. £lOO & £2OO — 77
4) Mk of England Stock, 41 per Cent —
Do. Account
isinex GOVERNMENT SECURITIES.
lodic4„ 7 Lock, 101 per Cent., April1874
Do. Account
Do. 5 per Cent. July, 1880
Do. 4 per Cent., Oct. 1888
D.,0. Certificates —
uo. Enfaced Paper 4 per Cent 9ll
Do. 5 per Cent., Jan. 1872
Do. 5i per Cent., May 1879 —
Do 5 per Cent., Blip. Deb. 1872 —
Do. do. 1877 —
, Do. do. 1882 —
1-1,..• Deb., 5 per Cont., Aug. 1873
Do. Bonds, 4 per Cent., £l,OOO
Do. under £l.OOO ••• Pm
FOREIGN FUNDS—CLOSING PRICES.
4, r ;entitle Repulic, 6 per Cent...... —
AuArian Bonds, 5 per Cent. 1859
Brazilian 5 per Cent — ad
Da. 41 per Cent., 1852 —
Do. do. 1858....
110. do., 1860 —
Do. do., 1863 —
Do. 5 per Cont., 1865
~.. U 0 Account 761 1
.0 4enos Xyres 6 per Cent - —
~., DJ 2 per Cont. (Deferred 3 per Cent )
Cu 6per Cent.
k., alian 6 per Cent
Do. 41 per Cent —
,00. 6 per Cent., 13 —
80., 1867
u,so., 7 per ,Cent., 1866
n ,uo., Scrip £32 paid
, rabian, 6 per Cent.
V-Ittlish 3p n- Cent, 1825........
Anubian Principalities, I ycr Cent
Do 8 per Cent., 1867
"loader New (Consolidated, 1 p,-,r Con'. I'l
t iYptian, 7 per Cent ... 804
.1),o. Secoed issue .. ... 81 2
.1 s. f 5.10 Bonds
v°. 410 C Bonds B2l
no. 186 I —
„ Do. Account
~o. £5lO Bonds —
Do. £10) Bonds ~... 81
0 Gornor Cent., 182115,ment Rilway D
ex Coups —
Tf kov 5
p
~,'lO. Account -
.Jo. t barons
a Do. Account
-o,,•llt.nalli 6 per (lent, .. —
iVoduras Gov. Rail. Loan., 10p. Ct., £25 p
1)o.a 5 per Cert., 1865 7BB
0 Account .
„,,, 0. Maxemmana Raiway —
01, xico.L 3 per Cent —
Ditto for Account —