The Sun.
London, England, 1868-05-29 00:00:00

1101.illY MARKET

AND
COMMERCIAL INTELLIGENCE,

Car, Two o'CLocic.
The position of the Bank of England correspond
.
that of the money market in general. There ha
been a falling off in business, and an increase in un-
employed resources. Thus, while the circulation has
"dined, the notes and coin in reserve have largely in-
creased, so that for the first time for many months
a 1 addition has been made to the Government
Securities. Seeing that the employment of its means
in advances and discounts has declined, and there is
is consequent diminution in the private securities, it
: singular that the Bank did not enlarge its
;hiding of Government securities a fortnight earlier.
e relapse in business is demonstrated by the signi-
[Leant fact of an addition of more than half-a-million
""ling to the private deposits which are now not
much
, less than twenty-one millions in the whole. The
btililion is largely increased, and as further considera-
f.'e amounts will be sent m, the stock is likely in a
As° weeks to be greater than has yet been known.
.le following are the principal changes since the pre-
vious return :
Decrease in Circulation - — £257,001
Increase in Public Deposits
Increase in other Deposits 526,643
Increase in liovernment Securities 16,861
Decrease in other Securities . 92,408
Increase in Bullion ....••• 501,689
Increase in Reserve .
746,144
Increase in Rest 2,003
Bullion in both Departments -.... 21,290,652
Reserve of Notes and Coin 12,609,957
Circulation, including Bank Bills. 24,147,874
The following is the returns of paid clearing for
the week ending Wednesday, May 27, as certified by
the chief inspector, Mr. Geo. Derbyshire :
May 21, Thursday ... •• • £8,669,000
May 22, Friday ... ••• ••• 9,620,000
May 23, Saturday ..• ..• 10,275,000
May 25, Monday... ... ••• 9,632,000
May 26, Tuesday ... ... 8,915,000
May 27, Wednesday ... ••• 6,840,000

Total £53,951,000
12,114 is a low total. This may be accounted for by
Lee two facts that during the week no settlements
have occurred on the Stock Exchange, while business
must to some extent have been checked by the
attractions of Epsom. But the total is not only less
than in the Derby week of last year, but the clearing
upon the Derby Day itself is less. In 1867 the
aggregate clearing of the week was £57,468,000,
4,hPvinc, a falling off in 1868 to the extent of
'el'ea,s6l-n7g",000 ; and on the Derby Day of 1867 the
rweasen:.B,2BB,ooo, while this year it was only
46,840,000, showing a decline of £1,448,000.
The discount inquiry shows no improvement at lit
to
pli:'the funds remain firm at the advance of # este-
11:dPeyesterday. Consols are 96 to 96k for delivery
and eLik to 94# ex div. for the approaching settle-
ment • New and Reduced 94* to 94 ft ; Exchequer
Bills,
78 to 12s prem. ; India Five per Cents. are
1,0 "`,l to 117 ; and Rupee Paper, 1041 to 105 f.
.1,1,he corn market is dull, but not quotably lower,
'"uoulh there is no doubt that a decline will be
established on Monday.
• foreign stocks continue firm, and a further advance
I,4,reported. Peruvians are f better, at 86 to 87, and
iiere is a rise of k in Mexican, at 16f to 161, in New
3,,Panieh, at 37# to 37# ; and in Turkish,' at 381 to
c? Of Egyptian, the 1864 Loan and the Nine per
'las, are k better, at 81 to 82, and 87k to 88k
respectively. The Railway -Debentures are 91k to
jand the Viceroy's Seven per Cents., 73i to 74.
'Lan are steady at 51f to 54, and Greek, 131
to 14.
-American. Securities are very firm. United States
572' ° ends show an advance of 1, at 72* to 72k ;
41318 better, at 96k to 97k ; and Erie Shares f, at
47 to 48.
6 Colonial Government securities are steady. Canada
, Per Cent. is quoted at 104 to 105 ; the 5 per Cents.,
to 93 • Mauritius 6 per Cent., 105 to 107 ; New
South Wales 5 per Cent.,. 100 to 102 ; New Zealand
o
Per Cent., 109 to 111 ; Queensland 6 per Cent.,
108 to 109 ; and Victoria 6 per Cent., 113 to 114.
„°glish Railway shares are flat, and most of the
[l'lteelPal descriptions show a reduction. Great Nor-
,em is 1 lower, at 102 to 103 ; and the (A Stock) f,
4 91- to 98. A fall of kis also established in Great
Astern, at 341 to 35f ; Great Western, at 53k to
,
; London, Brighton, and South Coast, at 52k
53 ; Manchester, Sheffield, and Lincolnshire, at
to 44. E ; Metropolitan, at 1111 to 112 f ; and
`-'aledonian, at 74} to 75 ; but London, Chatham,
and Dover is k better, at 20k to 21 ; Lancashire
and Yorkshire are steady, at 1281 to 128/ ;
1061 to 107 f ; South Eastern, 76* to 77 ;
London and North Western, 115/ to 1151.
in Back shares the dealings are moderately active
but the movements are confined to an improvement of
AI!Q Chartered Mercantile, at 27k to 28k ; and a de-
lne of k in London aad 'Westminster, at 70k to 70k ;
di!a (A), steady, at 10 to 10k ; Alliance, 13 to 12
; Anglo-Austrian, 51 to 51 prem. ; Consolidated,
t,, ,t? 4i Imperial, 18 to 19 ; Imperial Ottoman,
4-
Li.do,,on;Lu 34
4doin and County, 52 to 53 ; Oriental,
of 2 43; London Joint Stock, 3,5 to 36. Union
to 35*.
b;.-"iseount and credit shares are quiet. National
22 Count are quoted 101 to llf ; London Financial,
,e
rai
to 21* dis. ; International, 2 to 11 dis. ; Gene-
Credit, 2* to 2# dis. ; and Credit Foncier, 2-6
to 3.
aadliglo-American Telegraph shares are 221 to 23 ;
"Q Atlantic Telegraph, 5 to k dis.
I,A- Special general meeting of the Chichester and
i(Vburst Railway has been called for the 10th June,
bill the purpose of submitting to the proprietors a
mpOW pending in Parliament.
DThe following telegram has been received by the
°ll Pedro North del Rey Company, in anticipation of
07 Brazil mail :_c, Produce to 2nd 'May, 13,500
Ivas ; estimated produce for April, 15,500 oitavas."
/.,"18 gold sent into the Bank yesterday amounted to
:!154000. On the other hand, 20,000 sovereigns
were withdrawn for Lisbon.
A further sum of £250,000 in specie has left New
York for Europe.
it The Erin has arrived, with £ll,OOO in specie, and
e Shannon is telegraphed from Lisbon, with £6,000
1° specie, from the Brazils.
The bills have been -returned of Bassett, Green,
and Hewetson, hop, and seed merchants. The
liabilities are small, and there is a prospect of a good
'Messrs. A. Young and John Ball, the official liqui-
datorss of the Imperial Mercantile Credit Association,
clause
as follows :—" In accordance with the 4th
tt'a,es.e of the arrangement made by us with the credi-
ors in June, 1867, we now beg to give you notice
at We are prepared to pay, on the Ist day of June
„11„ext, under discount, at the rate of Aper cent. per
1)4"P, the promissory notes issued to you by us en
nn„alf of this association, which become due on the
,7‘l2t ef that month, and we have therefore to request
.011
in present such notes for payment at the Bank of
tioPand on the Ist proximo, the Bank having instruc-
lenuts to pay all such promissory notes as shall be pre-
!or ,ed en or after that date, less discount as above,
A'N'renty-nine days."
further dividend of is in the pound is announced
payable on the Ist of June to the creditors of the
nta, Commercial Bank (Limited). This makes
xi.'" Paid.
thTka rseilles advices state that the arrivals of grain at
4,...‘ Port had ceased in consequence of the fall in
strre,s) and that business has become exceedingly re-
sor,lecl• The French markets appear to be fully
(14et'iri ted, and prices are very weak, and sellers are
bed .
A urgent.
aomremittance of .£1,222 6s 2d has been received on
i
. nt of Ecuador dividends.
ar'_,..Russian Government has authorised the issue
$°
rips to the amount of 17,000,000 Dutch
-vrios
to o._
.ior the construction of a railway from Jelez
to de!, being a continuation of the line from Jelez
lioe Pssi, and consequently a section of the grand
'?erat'et,,eil Riga to Saratow. The length is 177
ceot The Russian Government guarantee 5 per
tobac I.nterest, receiving the capital, so that the
deduct Ption becomes really a loan. The obligations,
neot.,ing the allowances, are issued at 74* to 741 per
while the subscriptions extending to November next,
rate opt) interest is payable half-yearly, at a fixed
The
~,xchange, in Berlin, Amsterdam, and London.
eki,rugations are redeemable at par in 81 years,
Tirioeing in 1870.
*ay et receipts of the Great Southern of India Rail-
erea; or the week ending February 29, show an in-
-41, use °f £122 16s sd, and the mileage an increase of
Oott,,'"e traffic receipts of the Grand Trunk Railway
hown4eY Pf Canada, for the week ending May 9
tesiioo. increase of £3,685 as compared with the cor-
,
ging Week of 1867.

BRITISH FUNDS—CLOSING PRICES.
q PerQo at.
o ...RN:VENT FUNDS.
e
961 51
bi„ out. Consols ., ...
3 ve;',.,o for Account, Juno 4 ''' 941 I
Ist, ‘-,ent. Ituducod
3 94} t 1
144 2 Per Cent • 94} 1
L, 3. Per Cent. Jan. 1894
Iktuxi.°L. Per Cora. drat. 1873
bo,ifineBoo Yrs, expire sth Jan., 1880 —
I) (Rear° yr ,s expire sth April
x4l. Sou Televaph), Aug., 1908 —
booquer Bills, 21,000, 2 per et 7 12 pm
Do. £5OO
11441{0r-r. £lOO & £2OO - 77
00. A i.waglnund Stock, 41 per Cent —
1
4din L,.. tiOVERNMENT SECURITIES. 246 8
tlo. A (.IC'N 10f per Cent., April 1874
1:00. , ecount
Ls_. P°' Ueut..fuly, 1880
b7...,,Per Cent., Oct. 1888
eo. %.i.‘;?r.tifleates lO4l
laced Paper 4 per Cent