The Sun.
London, England, 1868-12-04 00:00:00

_4044.

NONEY MAREET

AND
CO IMERCIAL INTELL/UINCE,

CITY, Two O'CLOCK.

The advance in the Bank rate has improved busi-
ness, and prices to-day was firmer than yesterday.
Consols have improved slightly in price, and foreign
bonds and securities partake of the increased
activity. In railway stock Metropolitan still have
a downward tendency, but in that of the great lines
we have to quote higher prices. The price charged
for loans in the House is 1 to 2 per cent.

Consols are 921 for money; ditto, for Ac-
cDunt, 921 ; Three per Cents. Reduced, 921 1 ;
New Three per Cents, 921 1 ; Exchequer Bills
£l,OOO, 2 per Cent., 7 prem.
India Stock, 5 per Cent., July, 1880, 112 i 131
12k; ditto, Enfaced Paper, 4 per Cent., 92.

In the foreign market Chilian of '67, Italian of
'6l and '6B, and Peruvian of '65 have advanced 1
per cent., and Spanish of 1867, 1 -16. Turkish of
1868 has declined 1. The quotations are as fol-
lows : Brazilian of 1865, 781 to 781 ; Chilian of
1867, 961 to '97 ; Egyptian of 1864, 83 to 84 ;
ditto of 1868, 741 to 1 ; Italian of 1861, 56/
to 57 ; ditto of 1868, 31 to f premium ; Mexican,
158 to / ; Peruvian of 1865, 81/ to j. ; Russian
of 1866, 894 to 901 ; ditto Nicolai, 65k to 661 ;
ditto Orel, 801 to 81 ; ditto Moscow-Jaroslaw, 791
to 1, ex div. ; Spanish of 1867, 331 i; Turkish of
1858, 62/ to 63}; ditto of 1862, 64 to 1; and ditto
of 1865, 401 to 401.
:1n railway stock Great Northern A, has im-
proved 1 per cent. ; Great Eastern I ; but Metro-
politan is 1 lower. Prices axe of follows :—London
and North-Western, 1121 to 1; Great Western, 48/
to 49 ; Midland, 1121 to I ; London and South
Western, 871 to 881 ; Great Eastern, 411 to
; Brighton, 471 to 1; South Eastern, 791 to
; Metropolitan, 103 to 1; Great Northern,
1061 to 107 ; ditto A, 1071 to 108 ; Caledonian,
74/ to 75 : London, Chatham and Dover, 161 to
171.

American 5-20 Bonds are 741 to 1; Erie Rail-
way shares, 26k to ; Illinois Central, 961 to / ;
Atlantic and Great Western Debentures, 371 to
38; and the Consolidated Mortgage bonds, 38} to
39.

In bank shares prices remain unaltered ; and
in the miscellaneous market International Fi-
nancial shares are better, at 11 to 11 dis. National
Discount, 12 lo ; General Credit, 2to 11 dis. ;
Hudson's. Bay, 13k to I ; Telegraph Construc-
tion, 151 to 4 ; Atlantic Telegraph Eight per Cent.
Preference, 3 13-16 to 3 15-16 ; and Ango-Ameri-
can, 22 to
The returns of paid clearing for the week ending
Dec. 2, issued from the Bankers Clearing-house are
as follows :—Thursday, 26th, £8,985,000 ; Friday,
27th, £23,871,000 ; Saturday, 28th, £12,279,000 ;
Monday, 30th, £10,139,000 ; Tuesday, Dec. 1,
£11,603,000 ; and Wednesday, 2d, £8,772,000 ;
total, £75,649,000.
The sum of £22,000 in gold was withdrawn from
the Bank to-day for India.
The Bank of France return this weeks shows a
recovery of £512,000 in the stock of bullion.
A meeting of merchants established in Manches-
ter is to be held to-day with a view to passing a re-
!elution in favour of a representation being made
t° the Brazilian Government, with respect to some
extensive frauds which are stated to be practised in
the Custom House at Rio de Janeiro.
At a meeting of a section of shareholders of
the Credit Fonder of England (Limited), it was
resolved to adopt the policy of snariag a legally
_constituted meeting for considering the various
_head of a report to be presented for altering the
future
management of the company.
The annual meeting of the proprietors of the
London and Westminster Bank will be held on the
20th of January.
At the meeting of the City of Moscow Gas Com-
pany (Limited), it was resolved, with a view to the
liabilities of the concern being paid off, to raise fresh
Capital to the extent of £530,000, bearing a pre-
ferential dividend of 6 per cent. per annum, and to
be redeemed during the next 30 years, at a premium
of £2 133. per share.
The meeting of the Miliwall Freehold Land
and Dock Company was adjourned till Monday
next, to give the directors an opportunity of con-
sidering a proposition forwarded to them for a set-
tlement of all matters in dispute, including that
with the Credit Foncier of England.

It is intimated that the whole, of the shares of
the Britannia Fire Association have been taken
uP, the applications having exceeded the number
offered.

A new banking establishment is to be formed
tinder the title of the Palatine Bank (Limited).
It arises in consequence of the Alliance Bank
(Limited), which has establishments in Liver-
Pool, London, and Manchester, having decided to
Withdraw from the Liverpool business in aid of
cois new and independent company. A new
Inpany is therefore to be constituted, with a capi-
tal of £600,000, in shares of £2O, to be called the
palatine Bank (Limited), for the purpose of carry-
lag nn and extending the Liverpool portion of the
business of the Alliance Bank. 'This business at
Liverpool and Birkenhead is to be made over with-
(3llllt any payment for the goodwill, the Palatine
—auk collecting the assets for account of the Alli-
ance Bank without charge ; but the Palatine Bank
agree to purchase from the Alliance Bank at cost
Price their Liverpool and Birkenhead premises.
With reference to the addenda of the Anglo-
Anstrian Commercial Treaty of 1865, a meeting of
the Principal manufacturers of cotton and woollen
take
in the whole Empire has been convened to
2, into consideration the proposed reduction of
4 per cent. of the Customs duty on these goods.
A Conference of all the railway managers and in-
isPectors of the different Austrian railways, under
the presidency of the Minister of the Board of
rade, will be held to discuss as to the best means
thwhich additional precautionary measures for
0 prevention of accidents on railways can be
adopted.
The London, Chatham, and Dover Railway traffic
return shows this week an increase of £134, com-
pared with the corresponding period of last year ;
eMetropolitan Extension, separately, an increase
°fu £381; the Lancashire and Yorkshire an increase
0,
£461 ; the North eastern a decrease of £640 ;
and the Manchester, Sheffield, and Lincolnshire an
crease of £557.
A telegram has been received by the secretary of
t,
Pestarena United Mining Company, as follows,
fr?ni Pallanza :—" Remittance made to office, gold
419 ounces."
The last time the Bank minimum was established
at 3 per cent. it was a reduction, viz., on the 6th of
gV,C,ruarY, 1867, when the bullion stood at
",024,193, the reserve of notes at £10,070,770,
411c1 the other securities at £18,716,418.
,pr IN
return from the Bank of England for the
"k ended the 2d December gives the following
1:8_41t3 when compared with the previous week
£3,068,636 Decrease ~. £25,897
Other dsposits
_ deposits 18,085,878 Decrease .. 17,130
44 thl other side of the account :
tits
°4tarnent
Other
.........
I,Toto securitiesl7,l93,379 ... Increao ... 531,209
The
unemployed._ 8,497,315 Decrease396,76s
bei" amount of notes in circulation is £23,510,112,
1,11,11,.g an increase of £266,857,; and the stock of
lon in both departments is £18,087,448, showing
decrease of £169,189, when compared with the
Preceding return.
oft
.tihjeined is a comparison of the present position
_0 Bank of England and the prices of Consols
and 11
French Renter with the corresponding week of
laid year

bitllion .. Same Week
At Present. last Year.
.C 18,087,448 ... £21,117,442
Itserre 9,5777338 ... 12,871,872
c.4o4._tteesoo.lnacisicrocuulnattion 28,510,112 ... 23,812,570
3 per cent. ... 2 per cent.
k ." 18
Ittricla lientes

BRlTisu FUNDS—CLOSING PRICES.
Ditto for Consols
3 perille-IiENMENT FUNDS.
921 I x I
a Account,
'" 8 per : auute"
82i