The Sun.
London, England, 1868-06-26 00:00:00

10. N ii mAnTiEt

AND

lOMMERCIAL .(NTZI4"i:.)I g:rc!oh,

CITY, Two O'CLOCK.
The Bank return discloses almost exactly the same
features as that of last week. It shows conclusively
that the Bank has lost its command over the money
Market, for the private securities again exhibit a con-
!iderable falling off, while the private deposits have
boon reduced in order to employ the money out of
doors at rates below the official minimum. The re-
"l've has felt the effects in a further increase. This
condition is unusual at the close of the quarter. The
Stock of gold is within a fraction of £23,000,000, and
further large supplies expected front America will add
to the amount. Under these circumstances it is pro-
bable that the question of lowering the rate of dis-
cUmt to 1 per cent. will be decided in the affirms-
.ll.e in the course of next week or the week after.
The following are the principal changes since the pre-
eding return :
Increase in Circulation - £204,102
Increase in Public Deposits
Decrease in other Deposits
\o change in amount of Government Securities.
Decrease in other Securities . 253,362
Increase in Bullion
Increase in Rest
Increase in Reserve
• Bullion in both Departments ......22,962,931
Reserve in Notes and Coin
Circulation, in Bank Post Bills 24,153,582
~,The return of paid clearing for the week ending
.Lvednesday, June 24, as certified by Mr. George
erbyshire, the chief inspector, is as follows :
June 18, Thursday ... £9,108,000
June 19, Friday ... 11,075,000
June 20, Slturday ... 10,080,000
June 22, Monday 9,730,000
June 23, Tuesday ••• ••• 9,805,000
June 24, Wednesday ... 8,220,000

Total .. £58,018,000
These clearings have not been affected by any ex-
tranenus circumstances, such as Stock Exchange set-
tl.setnents, so that they have been wholly of a commer-
"al character. In this respect the aggregate is
satisfactory.
The discount demand has increased, though as yet
thes market is quiet, and the rate is 1,-4 to 11 per cent:
for the best bills.
t,Tbe Funds are dull, and the following as.
I."? quotations current :—Consols 941 to 941 for
;)°,lh money and account. New anClileduced, 94k to
6's ; Bank Stock, 240 to 243 ; India Five per
114. to 115 ; Exchequer Bills, 15s to 20s prem.
Nyith the exception of a further relapse of to in
Italian to 54, Foreign Stocks are firmer. Mexican
as
e quoted 151 to 16 ; Greek, 131 to 141 ; New
lanish, 371 to 38 ; Italian, 541 to 54i ; Turkish,
p,d. to 39g ; Peruvian, 851 to 86/ ; land Egyptian,
to 83.
,11ussian guaranteed Railway Stocks are in demand.
631 to 651 ; and Orel-Vitebsk, 821 to 82/
The only change in American Securities is fall of a
'll Illinois to 1011 ; Greek shares are 45/ to 451 ;
and the 5-20 Bonds, 73k to 73g-,
In Foreiga Railway Shares Great Luxembur is 1-16
better
at ] to while Lombardo-Venetian is 1-16
uetter at 174 to 15g. •
Colonial Government Securities are flat at a reduc-
t.
?11 of 4, per cent. Canadian Six per Cents. have de-
F‘;'ned to 105 ; the Five per Cents. to 93 ; New South
s'l,'"les Five per Cents. to 101 ; and Victoria Five per
ents. to 112.
English Railway Shares are in very limited re-
2.tleet, but the general tone of prices is a shade
4roter. South Eastern is better at 741 to 741 ;
and an improvement of it is established in Midland,
at 1052 to 106 ; London and North Western, at
1,15-s to 116 ; and Metropolitan, at 1111 to 1111.
r", 11
the other hand, London Brighton and South
"oast is k lower, at 51 to 52 ; Lancashire and York-
ts,aire steady, at 1281 to 1281 ; Great Northern, 102 k
t 0 103 ; ditto (A), 961 to 961 ; Great Eastern, 36i
t°, 3C7-; Great Western, 501 to 501 ; Manchester
"asflishi
0 Coawl Lincolnshire, 421 to 44 ; Caledonian,
721 73k ; Londoa Chatham and Dover, 19i to
ilkok Shares are very flat, and the transactions
reported are extremely limited. London and West-
Minster shows a further decline of at 702 k to 71i ;
Alli 1 lower, at 11-s to 1011 dis. ; and Anglo-
ostrian, at 5 to 61 prem. ; and Imperial Ottoman,
to 1 1 prem., are each it worse; Agra (A), 111 to
, '
Chartered Mercantile, 29 to 30 ;
to 5 ; Imperial, 18 to 19 ; London and
R'°4lltY, 50 to 51 ; Oriental, 42,4 to 43i ; London Joint
-tack, 33 to 34 ; Union of London, 33 to 34.
f, Finance Shares are without movement. General
‘-'redit is quoted at 21- to 2k die.; Credit Foncier, 3k
t International Finance, to lg dis.; London
Finance, 22 to 20 dis.
roreism Mining Shares are quiet. Chontales are
k lower, at 11 to 2 ; but ROSSit Grande is 1-16
gher"at yto prem. ; St.. John del Rey, 18k to 19i ,
Fort Philip, 1 to Ik.
Aliscel!aneous Securities are very quiet, and prices
Relesally are without alteration. Hudson's Bay is
4t" 1-4 dy at Ito 15g ; Anglo-American Telegraph,
47 to 21Z, ; Atlantic Telegraph 8 per Cent., q to
,4 Fore-street Warehouse, -12 dis. to par ; London
kiencral Omnibus, 21 to 2R.
There were again no bullion operations at the Bank
N'esterday.
The Virginia has arrived with £9,500 in specie
,tell New York, and a further sum of £70,000 left
that port yesterday for Europe.
4, Another arrival of Australian gold is announced—
the Morpesia, with £131,000.
b A general court of the proprietors of the Hudson's
Company has been called for the 7th July, to
receive the directors' report, and to declare a dividend.
A good deal of rain has fallen on the wheat-growing
Illstricts of the Continent, but the latest advices are
t
19,the effect that some days must elapse before a re-
-0"le opinion can be formed whether the moisture has
been adequate to the removal of the injurious effects
of '` the previous drought. New wheat has been shown
14 the Paris market from Arles and from Dijon.
At a board meeting of the Grand Trunk Railway,
14 reference to the meeting held on the 18th instant,
louder the presidency of Mr. Creak, requesting the
rthe
of the board, Mr. Creak is invited to take
bond
necessary steps for a special general meeting of
and and stockholders to consider that subject, and
the board will be happy to cc-operate in asking for
the
necessary authority.
The result of the operations of the Assam Company
,Or
d 1867, is a loss of £16,000, so that there is no
'viend.
the
report. of the Mexican Railway Company for
e year 1867 shows a satisfactory traffic. The re-
„"
ipts on the Apixaco section for the six months end-
tng 31st December last, exclusive of the Guadalupe
i.ttFac (31 miles), amounted to £48,213 2s ld ; the
s tst of management and maintenance to £25,340
qua 11d, or 52.55 per cent. On the Vera Cruz sec-
-111 the receipts for the same six months were
4.
9'.56 per
6s 9d., and the charges £28,125 14s 10d, or
'.56 per cent ; a state of things due entirely to the
defective condition of the Vera Cruz line.
4 Messrs. Durant's monthly silk circular states that
the periodical public sales which were held on
Wednesday the quantity offered was about 1,000
'ales Bengal, 5,000 bales China, 500 bales Japan,
4'1,4 700 bales Canton silk—rather a larger quantity
0t China silk than has been printed for the last year
or two. The proportion of the higher classes was very
t [ball, hence, perhaps, the whole sales commanded
"en less than usual attention, and were allowed to
tass quietly, almost without biddings, many of the
eater and more desirable parcels having been sold by
~
itl.vate contract, and withdrawn from the catalogue.
t°te general market is firm and fairly buoyant, and
t'e deliveries favourable, leading to the hope and ex-
rlotation that the very high prices of European silk
tis'(' beginning to exercise a favourable influence upon
the Consumption of Asiatic silk.

BRITISH FUNDS—CLOSING PRICES.
• GOVERNMENT FUNDS.
° Par Cent. Consols
, Ditto for Account, July 9
,),rper Cent. Reduced 941 i i
New 3 per Cent
",, 2i per Cent. Jan. 1894
, DO. 5 per Cent. t) an. 1873
'‘inuities, 80 yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 —
I, Do (Red Sea Telegraph), Aug., 1908 —
'4Zohoquer Bills, £l,OOO, 2 per Ct l5 20 pm
Do, £500
Do, £lOO & £2OO l5 20 „
j:t4tik of England Stock, 41 per Cent. 2lO 2
Do. Account M
1 INDIAN GOVERNENT SECURITIES.
1'1,4 tock, 10i per Cent., AprillB74
-V 0. Account
uo. 5 per Cent. July, 1880
~ 0. 4 per Cent., Oct. 1888 -
"0. Certificates —
Do. Enfaced Paper 4 per Cent 94 1
3)0. 5 per Cent., Jan. 1872
,"°.
.51 per Cont., May 1879 —
Lip o per Cent., Rup. Deb. 1872 lO4
Do. do. 1877 lo4k
, Do. do. 1882 —
",,G. Deb., 5 per Cent., Aug. 1873
,"0. Bonds, 4 per Cent., £l,OOO
"0. under £1,000
FOREIGN FUNDS—CLOSING PRICES.
Argentine Repubc, 6 per Cent...
,U3trian Bonds, 5 per Cent. 1859
kirAtir 5 ,
X„ ta.n per Cent xd
0.43. 3. 43. per Cent., 1852 —
r,°- do. 18)8. ... . —
aJ 0. do., 18: :(`
1)°• do.' 1863 —
D 5 ~
°. • per Cent., 1865
bo
41 . Accoun+
",!uosAyres 6 per Cent —
iii,*`) 2 per Cent. (Deferred 3 per Cent )
e h„l',l, 6per Cent.
"uLatt 0 per Ccalt _