The Sun.
London, England, 1868-01-18 00:00:00

RONAY MARKET

AND
COMMERCIAL INTELLIGENCE,

CITY, Two o'CLoca.
The Stock Markets are dull this morning, in
great measure owing to the weather, which prevents
the attendance of those who are not obliged to be
present. Consols, which yesterday morning were
all but 93, are now only 921 to 92/. The pure
chases for investment have been numerous all the
week, but they have now given place to realisations.
Fureign Stocks are quieter also, and Mexican and
Greek are offered. Italian are alone in demand.
Railway and other home securities are quiet, but
prices are maintained.

For discount there is only a quiet demand, and
the quotation remains at 11. to 11 per cent.
Consols opened steady at yesterday's prices, but
are now k lower, at 92/ to 92} for money and
account. New and Reduced Three per Cents.,
92i to 93 ; India Five per Cents., 1111 to 112 ;
Bank Stock, 241 to 243. Exchequer Bills, 225.
to 275. prem.
In Foreign Stocks Greek are 1 lower, at 14 to
121, and Mexican 8, at 15k to 131. Italian (1861)
Bonds area better, at 42/ to 43. Turkish (1865),
30i to 30; ; New Spanish, 35 to 351; Egyptian
Railway, 94 to 921 ; and Portuguese Scrip, 1/ to
4 prem.
American Securities are firm. United States
5-20 Bonds are k higher, at 71i to 725 ; Erie
Railway and Illinois arc each 1 better, being quoted
at 48 to 49, and 85 to 86 respectively.
English Railway Shares are without movement.
The following are the quotations :—Lmcashire and
Yorkshire, 1231 to 124; Midland, 104 to 1041 ;
South Eastern, 671 to 681 ; London and North-
Western, 114/ to 1151 ; Great Northern, 107 to
108; ditto A, 109 to 1091 ; Great Eastern, 291 to
29! ; Great IVestern, 461 to 47 ; Brighton and
South Coast, 46} to 47 ; Caledonian, 741 to 75 ;
Manchester, Sheffield, and Lincolnshire, 44 to 441 ;
Metropolitan, 117 to 1171 ; and London, Chatham,
and Dover, 18 to 181.
East Indian Railway is steady, at 108/ to 109} ;
Great Indian Peninsula, 107 to 108 ; Grand Trunk
of Canada unaltered, at 14/ to 15k.

CITY, TWELVE O'CLOCK.

Sovereigns, amounting to £35,000, were withdrawn
from the Bank of England yesterday for export to
Alexandria.
The Masilia has brought £80,500 in specie, with
the hervy overland mails.
The Scotia, from New York, brings .£286,000 in
specie.

The next biddings for India Bills on Calcutta and
Madras only will take place on the sth proximo, when
£200,000 will be offered.
The directors of the Manchester, Sheffield, and
Lincolnshire Railway have convened the half-yearly
fleeting for the 2901 inst., for the transaction of the
general business of the company.
The ordinary half-yearly meeting of the Metropo-
litan Railway Company will be held on the sth of
February.
The City Discount Company have convened their
half-yearly meeting for the Ist of February.
A. second call of £4 per share, making £8 lOs per
Share called up, has been made on the £22 Five per
Cent. Preference Shares of the Midland Railway
Company, payable on the 11th of February.
The half-yearly meeting of the London, Brighton,
a.1(1 South Coast Railway Company will be held on
Lae 4th February, for the purpose of authorising the
directors to raise capital by the issue of new shares
for converting into 5 per cent. stock the remaining
£5 Preferential 5 per cent. shares of 1865 and 1866,
and to confirm the arrangements made by the
directors with the London, Chatham, and Dover
Railway Company.
In reference to the proposal made at the meeting of
the shareholders of the Alliance Bank, on Wednesday,
for concentrating the business on London and Man-
chester, by closing the branches at Liverpool and Eir-
k: ennead, it is understood that there is no immediate
intention to carry out the proposal, and that the
`
s business in Liverpool and Birkenhead will for
the present be carried on as usual. The steadily suc-
cessful results which were stated at the meeting to
have attended the bank's operation in Manchester
foe expected to be further developed by an addition
b the resources which will ultimately be set free
Y the above measure.
„A dividend of X 5 per share has been declared by
Lae East Pool Mine, and of £1 per share by the Cs.vm
by Mine. A call of lOs per share has been made
"Y the Penhale Wheal Vor Mine, and of 5s by the
North Downs Mine.
The following is the report of the Midland Banking
old PanY (Limited), to be presented to the Share-
ers at the meeting to be held on the 31st inst. :
Pln submitting to the Shareholders the accom-
naYing balance sheet and statement of profit and
33 for the half-year ended 31st December, 1867,
Directors
and certified as usual by the auditors, the
their
have great pleasure in stating that since
`enetr last report there has been a satisfactory in-
breaBe in the business of the Company. It will
pe seen from the balance sheet that, after
roviding for bad and doubtful debts, the gross
1 fits for the half-year, including the balance brought
.47,133. last account, were £28,721 12s 3d, and that
all deducting interest paid or due to customers,. and
the
expenses of the bank, there will remain a
balanceintimation of X 12,702 Os hi. In accordance with the
alMation in their last report, the directors have
01f)prtohe tmnic
priated,X4 705 8s lld from the profits
for the purpose of extinguish-
lea
the item of preliminary expenses, and they
derive
the Pleasure and encouragement from the fact that
etheealititio:oerbeen able to do this within five years from
_r ticorporation of the Company, in addition to the
a Reserve Fund. They now propose to
Pay the usual dividend of six per cent per annum,
free of Income Tax which will absorb £4,726 10s,
441.11_4 to carry forward to profit and loss new account
2,e balance of £3,270 lOs 2d, which includes
dlle lOs 3d for rebate on bills discounted and not
rebruarThe dividend will be payable on the sth
y next.e
hays e directors of the Northern Counties Railway
for greed to recommend the payment of a divend
an Lar' past half-year at the rate of 5 per cent. id
per
a num, and to carry forward to the credit of next
c.eonnt the sum of £4,567.
The following is Messrs. Pixley's weekly report of
,Te bullion market :—Gold : The arrivals during
week have again been numerous. They com-
Vr_i • —.£45,000 per City of Antwerp, from New
_eori:0;00X180,500 per Hermann, from New York ;
Chicago, from ditto ; £236,500 City of
i,o4ndon, from ditto • £66,400 Seine, from Brazils ;
i:15,000 Liberator, 'from Sydney ; £13,000 Strath-
!,tno from ditto ; £11,340 Atrato, from West
J.,s3d4ies total, £657,740. Of the above total, about
Zee
t,0.00 consisted of sovereigns, and these have been
n into the Bank. The balance, together with
£37,000 withdrawn from that establishment, has been
takels for the Continent ; and, as the demand still
continues all immediate arrivals will also be sent
away. Silver : The Hernanonv
_brroought about
£50,000 Dore silver from
xi
Atrato about £BO,OOO from thell\r'ke'st alnidi e;
these amounts have been sold at the rates previously
current, viz., 604 d per oz. standard for Dora,
is 600 per oz. standard for fine bars. The demand
only for the Continent, shipments to the East
having entirely ceased. Mexican Dollars : The
trance brought £120,000 to St. Nazaire for Vera
era; of which £BO,OOO is on. English account ;
13these will probably be sold at the former rate
,1_.581d per oz., and only for refining purposes, there
drafts
no demand for China. Exchange on India for
by the banks at 60 days' sight is unchanged, and
„Tray, be quoted is lOid for Bombay, Calcutta, and
Tatras. The council drafts sold yesterday show a
is diminished demand. The minimum was lowered to
10id, at which £157,000 was allotted on Calcutta,
s_ 4,000 on Madras. en Bombay nil. India Govern-
Loent Loan Notes ire unehanged. The quotations are
---108 to 1081 for 54 per Cents.; 103 to 1031 for 5
per Cents.; and 67 to 871 for 4 per Cents."

BRITISH FUNDS.—CLOSING PRICES"
, GOVERNMENT FUNDS.
' Per Lent. Consols
a 0. Account, Feb. 6 921 32!
leer Cent. Reduced
93 I I I
Neel'i' 3 per Cent
NV 21 per Cent. Jan. 1894 _
4 Do. 5 per Cent. J an. 1873 — I._,Tuaities, 30 yrs, expire sth Jan. 1880 —
i.,uo. for 30 yrs, expire sth April 'lBB5 —
1, --
De. (Rod Sea Televaph), Au,., 1908._
tchcquer Bills, 41,000, 2 &21 per Ct 22 pm
Do£soo 22 pm
Bank of
£lOO & £.'
ank of England Stock, 4,-., 00
er Cent 241 pin
De. Account p
, INDIAN GOVERNMENT SECURITIES.
Itll)ilian .:1 cock, 10i per Cent., April 1874 215
,o• Account
DO' 5 Per Cent. July, 1880
1)
1001
D 0• Certificates
Pm" Cent., Oct. 1888
.-,0. —
Do. Refaced Paper 4 per Cent
Do
87 1
00' 5 Per Cent , Jan. 1872
• 5i per Cent., May 1879 lOB-
l-). 5 Per Cent., Rup. Deb., 1872 —
110.
do. 1877 —
Do
1882 —
DOdo.
DO Deb.., 5 per Cent', Aug. 873 —
1)0• 13 d " g.
. en s 5 per Cont., £l,OOO
under'
£llOOO ................1: — Pm