The Sun.
London, England, 1868-03-06 00:00:00

MONEY MARKET

AND
COMMERCIAL INT.ELLIf.'•EITt;E,

CITY, Two O'CLOCK.

Some rather important changes are shown by the
Bank returns. For the first time for many months
there is a distinct symptom of a revived demand for
money. It is shown by an increase of upwards of a
million and a quarter in the private securities, which
now exceed the aggregate of seventeen millions and a
half. It may be inferred that this particular symptom
will not materially change during the remainder of the
current quarter, from the fact that only .£98,40Cf out
of the full amount reappears in the shape of
private deposits. The reserve under those circum-
stances has considerably diminished and the notes in
the hands of the public have increased. The bullion
has fillen off, and in the present state of the demand
for cotton, the movement will probably continue upon
a moderate scale. Judging from the amount of rest
the forthcoming half-yearly divi,leud on Bank Stock
piobably be 4 per cent. The following aro the
princ:pal changes since the preceding return :
I,lcrese iu Circulation 431,201
Increase in Public Deposits
Increase in other Deposits 89,433
No change in amount of Government Securities.
Increase in other Securities
Decrease in Pu11i0n...... .
Lere:tse in Rest

Decrease in Reserve -
Bullion in both Departments ......21,136,192
Reserve of Notes and Coin 12,542,812
_ _

Circulation, including Bank Post Bills-24,130,445
The return of paid clearing, for the week ending
Wednesday, March 4, as certified by Mr. George
')erbyshire, chief inspector, is as follows :--
Feb. 27, Thursday £8,874,000
Feb. 28, Friday
Feb. 29, Saturday
March 2, Monday 11,306,000
March 3, Tuesday 12,059,000
March 4, Wednesday .... 11,363,000

Total £78,181,000
This is the heaviest clearing by about £2,000,000
that has yet occurred since the publication of the
returns commenced in May last. A portion of it, no
doubt, is attributable to some improvements in the
interior trade, as shown by the totals of the last three
days ; but the chief cause of the increase is the
settlement of the 2Sth ult. on the Stock Exchange.
The inquiry for discount this morning is rather
firmer, and the minimum quotation is 1/ per cent. In
the Stock Exchange money is in larger supply.
The Liverpool Cotton Market is much quieter.
Corn continues dull at the decline of Monday.
Consols are steady at yesterday's prices, 93 to 93i
for money and account. New and Reduced Three
per Cents., 91i to 92 ex div ; India Five per Cents.,
112/ to 113± ; Bank Stock, 249 to 251 ; Exchequer
Bills, lOs to 15s prem.
There is considerable animation in foreign Govern•
meat securities, chiefly owing to the receipt of better
prices from PariS. There is an advance of 1 in
Italian, at 45/ to 46 ; and in the Orel-Vitebsk hall-
way Loan, at 77k to 78 ; of Is in the Viceroy's 7 per
Cent. Bonds, at 74k to 75 ; and of it in New Spanish,
at 36k to 364 ; and in Turkish, at 32k to 33i. On
the other hand the Egyptian Railway Debentures are
k lower, at 904 to 91k, and Portuguese scrip,„ at
to 1 ; Mexican Bonds show no change, at 14 to 151;
Greek, 121 to 12/ ; Egyptian (1864), 74i to 75 ;
and Brazilian, 71 to 72.
The New Honduras Loan is steady at 1 to lt
prem.
Egyptian Nine per Cent. Bonds are firm at 89
to 89k.

American Securities are flat. United States' Five-
Twenty Bonds are .38-- lower, at 71i to 71k- ; Erie Rail-
road have fallen 1 per cent. owing to lower prices in
New York, the quotation being 46 to 47 ; and Illinois
lower, at 881 to 891.
Atlantic and Great Western Railway Debentures
remain steady at 26 to 27, and the Consolidated Mort-
gage Bonds at 26/ to 271.
Colonial Bonds are without change, Canada 6 per
Cents being quoted at 99 to 101 ; Mauritius 6 per
Cent., 104 to 106 ; New South Wales 5 per Cents.,
DJ to 101 ; New Zealand 6 per Cents., 102 to 103;
Victoria 6 per Cents., 110 to 111.
The home railway market is firmer, and there is a
general recovery of to ± per cent. There is an ad-
vance to the latter extent in Great Northern A, at
104 to 1044 ; in Brighton, at 49 to 49i ; and in
Caledonian, 83± to 832 ; and to the former
Extent in Midland, at 1061 to 107± ; in
South Eastern, at 721 to 731 ; in Great Western,
at 451 to 461 ; and in Metropolitan, at 112±
to 114 Lancashire and Yorkshire are firm, at
126 to 1204 ; Great Northern, 106 to 107 ; Great
Eastern, 30 to 301 ; Sheffield, 41± to 411; and North
British, 341 to 34.
In Bank Shares the transactions continue •limited.
London Joint-Stock is -1- better, at 33 to 31, while
Union of London and Anglo-Austrian have fallen, the
former at 33 to 344 ; and the latter 1, at 3i to 4
prem. ; Agra (A Shares) steady at 10i to 11; Alliance,
11 to 13 dis.; Chartered Mercantile, 28!..1 to 291;
17 to 18 ; Imperial Ottoman, to 1- dis.;
Oriental, 42 to 43 ; London and County, 52 to 53.
Finance shares are steady. Credit Foncier,
24 to 31,- ; International Finance, 21 to 11 dis. ;
London Finance, 26 to 24 dis.
In Foreign Mining Shares St. John del Reys are
at 15 to 17 ; Port Phillip, 1± to 11 ; Chontales
to 12 dis.
:Miscellaneous securities are extremely quiet, and
Prices are without movement. Anglo-American
Telegraph-, 20 to 201 ; Atlantic Telegraph 8 per
CGeneral
54 to 51s ; Hudson's Bay,- 141 to 141 ; London
'reneral 'Omnibus, 1i to 2 ; Fore-street Warehouse,
14 to 1 dis.
£41,000 in bar gold and £5,000 in sovereigns, for
nrazil, were withdrawn from the Bank yesterday,
/711ile £57,000, from Brazil, were sent in.
The steamers leaving New York yesterday for
Europe took £lOO,OOO in specie.
The advices from the St. John del Rey Mines are
mare favourable, and report a remittance of 2,023
citavas of gold.
The adjourned half-yearly meeting of the Metro-
politan Railway Company has been convened for the
11th inst.
It is understood that the proposed bill for the pre-
vention of time bargains in railway stocks is aban-
doned.
The Directors of the Metropolitan Railway Corn-
n
ivrl3aY have made a call of £2 lOs per share on the
ew Redeemable Share Capital, payable on the Ist
of April.
The Belgian ironworks generally, according to the
last adrices, are rather more actively occupied both
on export and on home orders ; but the demand is
statedto be insufficient to affect the prices of iron,
m lough it is much firmer in tone. The foundries and
m-
achine shops were becoming fuller of orders.
pockerill and Co. had received an order for six
locomotives on the 29th February, from what quarter
it is not stated.
The traffic receipts of the Buenos Ayres and Great,
S-
outhern Railway for the week ending Jan. 12, shows
a decrease of £413, as compared with the correspond-
ing week of last year.

BRITISH FUNDS—CLOSING PRICES
GOVERNMENT FUNDS.
u Per Cent. Consols
por Cont. Reduced 3 I-
-100. Account, April 2 93-
B - 21 xd
Nei, 3 per Cent 9l& 21 2 xd
Neu' 21 per Cent. Jan. 1894 —
Do. 5 per Cent. J an. 1873 —
Annuities 80 yrs, expire sth Jan., 1880 — xdDo. for '3O yrs, expire sth April 1885 —
„ Do (Red Sea Telei„raph), ALA., 1908 —
E tchcquer Bills, £l,OOO, 2 per Ct.i
Do £5OO lO 15 pm
Do. £lOO & £2OO lO 15 pm
1341 k of England Stock, 41 per Cent 251 49
o. Account .
I NDIA.N GOVERNMENT SECURITIES.
114_,a stock, 101 per Cent., April1874
lio• -Account
Do
• 0 Per Cent. July, 1880
% 4 lOO. Certificates —
I?) o . Eufaced Paper 4 per Cent
o°. 5 per Cent., Jan • 1872
• 251 Per Cent., May 1879 —
° 5 Per Cent., Rup. Deb., 1872 —
DO. do. 1877 —
Do, do. 1882 —
D
D• Deb. sper Cent., Aug. 1873
o Be b., —
b • '-'onds, 5 per Cent., £l,OOO
o• lkeler £l,000
A. trOREIGN FUNDS—CLOSING PRICES.
Artientine Republic, 6 per Cent
Bra,tF,,an Bonds, 5 per Cent. 1859 - _
rj3,,an 6 per Cent _
.0 'ti• Per Cent., 1852 —
bo.°. do., 1858....- ___
i, .'
—O. ,do., 180 __
Do - "., 1863 —
b • 0 per Cent., 1865
tillen Account .. 711 I
bos Ayres 6 per Cent —
O ,}) 4 2 Per Cent. (Deferred 3 per Cent )
, a 0
o.,,i;'' Per Cent.
D 0.4
6 per Cent —
`•_'• 4} per Cent •—
U° 6 per Cent , B .
_., 1867
, 7, Per ,Cent., 1866 —
0 , 5;,...,,0. clip £32 paid
.I),liifs',,"'4l,, 6 per Cent.
D
~,,3 p :r Cent., 1825
be Ban Principalities, 7 per Cent
68—
Illum Por Cent., 1867
4- 'l°l' Now Consolidated, 1 pr. Cent -
'SI) Man,
i, 7 per Cent —
D., Second Issue —1)• R5lO Bonds
0. X10e• Bonds B6 51
DO /9°. 1861
46,. 5,0 lionds —
° 410 Bonds BB}
..•..
reek -vorunient Railway .0 bentures .Hi
, ~- , e • -4,
bo. 2 pct. Cent., 1824-5, ex Coups —
to 4leenunt
Do;Coupons
Do .
r„. . Account
'4444214 x d. --
v Per cOlit f f 11111161111111.111111 ""