The Sun.
London, England, 1868-01-24 00:00:00

OIN 47, i id A E T

AND

OMMERCIAL '',.7T.rP,1:.,.;,

CITY, Two o'CLocK.
The Corn Market is very firm at previous rates.
The rate for discount was unchanged, at lf per
cent.

The English Funds are steady. Consols remain
at 921 to 929 for money and account. New and
Reduced Three per Cents., 921 to 93. IRdia Five
Per Cents., 112 to 1124. Bank Stock, 212 to 244.
Exchequer Bills, 235. to 275. prem.
Foreign Stocks are quiet, with Italian rather
lower. Mexican, 151 to 16 ; Greek, 121 to 121 ;
New Spanish, 351 to 354 ; Portuguese, 21 to 21
Prem.; Italian (1861), 421 to 424; Turkish (1865),
31 to 311 ; New Grenada, 121 to 131 ; and Peru-
vian, 744 to 75.
American Securities are flat, at a decline of 1 per
cent. all round. United States 5-20 Bonds arc
quoted at 711 to 72 ; Erie R,ailv, ay, 48 to 49 ;
Illinois, 83 to 86.
English Railways are good upon speculative re-
Purchases. There is an advance of in Caledo-
nian, at 764 to 77 ; of 4 in Midland, at 1051 to
1054 i of in Metropolitan, at 1181 to 1181 ; of 1
in South Eastern, at 681 to 691 ; and in Sheffield,
at 444 to 45 ; and of 4 in London and
North 'Western, at 1171 to 118 ; in Great
Eastern, at 304 to 31 ; and in Brighton, at 47 to
474 ; Lancashire and Yorkshire are steady, at 1251
to 125/ ; Great Northern, 1074 to 1081 ; ditto A,
109 to 110 ; Great Western, 464 to 47 ; Chat-
ham, 18 to 1.81 ; and London and South Western,
78 to 80.
Miscellaneous shares are very quiet, and prices are
without quotable change. Atlantic Five per Cent.,
sto 54 ; ditto Ten per Cent., par to 1 prem. ;
Anglo-American, 20a to 204 ; Hudson's Bay, 141
to 151 ; Credit Foncier, 3} to 34.

CITY, TWELVE O'CLOCK.
The effect of the dispersion of the dividends has
Itv disappeared from the return of the Bank of
; and the reserve, consequently, is again
begioning to enlarge. It has increased more than
half a million, while the bullion has also increased,
notwithstanding the demand from the Continent.
Both items may, in the present state of the Money
Market, be expected to enlarge. Revenue has flowed
tll freely, at this early period in the quarter, as
shown by some additions to the public deposits
aßills nd by
repayment of £300,000 borrowed on Deficiency
during the dividend period. The private deposits
show a much less falling off than the private securi-
ties. If we take the difference between the amount
of private securities and the amount !of private de-
Posits to represent the balance of. account between
the Bank of England and the mercantile community,
We find that there is an excess of £5,638,589 on the
side of the deposits. Let this be doubled, and we
shall have an approximation to amount of capital
usually engaged iu ordinary times in bills and other
instruments of trade, but which is now lying idle. The
following are the changes since the preceding
return
Decrease in circulation £467, 418
Increase in Public Deposits
Decrease in other Deposits " 350,862
Decrease in Government Securities 300,000
Decrease in other Securities 585,837
Increase in Bullion
Increase in R'st
Increase in Reserve
Bullion in both Departments
—.. 22,200,903
Reserve of Notes and Coin 13,332,033
Circulation, including Bank Post Bills 24,538,043
The following is the return of paid clearing for th
bek ending Wednesday, the 22d inst., as certif
Mr. George Derbyshire, chief inspector:--
Jan. 16, Thursday £11,177,000
Jan. 17, Friday
Jan. 18, Saturday 12.397,000
Jan. 20, Monday... 9,643,000
Jan. 21, Tuesday 9,836,000
Jan, 22, Wednesday 9 158 000

Total £63,467,000
'r
This aggregate is consideraelow fst
eek. Theregat are, however,bl ny ob that
Stock Exchange
t.,,ltleinents in it. The additional million reported on
18tn arose from the clearing of Australian and
rler Colonial bills. The return, at present, disclose,
It, few signs of that improvement in internal trade
'p'eh, in various quarters, is said to have commenced.
y't he City of Washington has arrived from New
rk with £38,000 in specie, and the Denmark with
Fifteen thousand sovereigns were withdrawn from
the Bank vesterday, for export.
The Loan of the Government of Prussia for the
'catruction of railways is for a total of £8,000,000
-erting, bearing interest at the rate of 4 per cent,
Per anntun, payable half-yearly, on the Ist April and
the Ist October. Half the amount, or £4,000,000,
hu been subscribed by a syndicate of bankers, among
kh°111) among others, are the Bank of Prussia, the
tritirne Commerce' Society of Prussia, Messrs. Roth-
klhild f Frankfort,andMessrs. Mendelssohn and
Roth-
Co I o
t`'`). This amount will be offered to the public in the
t°lll.se of the present week at 95 per cent., with in-
tierest from the Ist October, 1867. The first instal-
ent iS 10 per cent., and the remainder is to be paid
.11. equal proportions on the 15th March, the 15th
Messrs. Baring the 15th May, and the 15th June.
g Brothers have received a remittance
0;,°11-1 the custom house of Santa Martha of £4,800,
\°3 6„ account of New Granada dividends, which includes
'the due from the custom house at Rio Hu Cha.
e agent at Santa Martha reports that orders have
el:ft' given by the Government to the collector of
44-eO4lB at that port to pay without delay the amount
b_ to the bondholders, and, although he has not yet
presses able to collect any portion of the sum, he ex-
'loess" good hope that he will now soon be able to do
further anticipates favourable receipts at the
ellstcLiehouses from importation during the next three
1/30tith
ton, Ls- £BOO has also been received from the cua-
Ttst'ouse at Sabanilla for the above account.
.tue directors of the Glasgow and South Western
pail Way Company have intimated to the holders of
that the LlO shares, on which the last call is deferred,
pr-"aey may either have 41- per cent. interest and
ter;:ual of .£2 15s per share, or the same rate of in-
na may be declared on the ordinary stock ; or
inaY on giving a month's notice receive the
thi"lint back. Should no answers be received to
is acc circular, it will be assumed that the first proposal
The
directors of the Great Northern Railway Com-
p,r3r Invite application for the East Lincolnshire 4
Cot. Debenture Stock.
o- e traffic receipts for the Grand Trunk Railway
shettlPanY of Canada, for the week ending Janurary 4,
resW an increase of £3BB, as compared with the cor-
riding week of last year.
a Meeting held in Glasgow, on Wednesday, of
off creditors of Messrs. Peter Buchanan and Co., an
ie:tro°f composition of lOs 3d per pound, payable by
-`,ltlents extending over four years, was unani-
koll3l3' accepted. The firm had houses in Glasgow,
kin,tfeal, Hamilton (Canada West), and New York ;
4to their' Hamilton
at the date of their sequestration,
iis,l,lllted. to something like £260,000.
0041" e failure is announced of Messrs. Schuloff and
littbipa,llY, Spanish merchants, Birmingham, with
Th'ttes estimated at £7,000, and assets at £7OO.
e directors of the Scottish Australian Investment
PebrP2'lY proposes a dividend, payable on the 12th of
i4ee gar. Y, at the rate of 10 per cent. per annum, less
the ere e tax, which will require £15,000, and leave at
A tax,
which
the reserved fund £6,176 8s 4d.
t the
Call ructeeting yesterday of the East Russell Mine
he directors
per share was made.
reeotirnirectors of the Southampton Dock Company
cenl,th,
~Pore:tdheandailvfidyeeanrd. of 2i per cent., making 5 per
roevu Wakefield and Barnsley Union Bank recom-
rate'oe a dividend for the past six months at the
the s: 10 per cent. per annum. The dividend of
tliti'Efordshire Joint-Stock Bank is 15s per share,
liboantiuksinogiatooofmtphaenyWalverhampton and Staffordshire
per share, in addition to a
NThe first 23 6d per share.
ye coupon on the Great Republic Gold and
Mort Mining Company's Seven per Cent.. First.
, Bonds, due to-morrow (25th), will be paid
144
after that date at 'Messrs. Prescott, Grote and
aye's.

8,, FUNDS7IIRitIIsTmISNTIIItrNDB. OLOSING PRICES.
91 3
P7sr
_;,,, , ^
b_ LK. ti,
921
a , Account, Feb. 6
t,2} 3
p,,,,f)er Cent. Tzt,thio,d.
93 2i
1114:W 3 per Cent
_
i').' 21 per Cent. Jan. 1894
_
A °. per Cent. <Jtin. 1873
111iitis ,ifl -re, expire sth 3an., 18y1-
Eti)°. for '3° Yre, ',lxpiro sth April 184).••••••
c
(Red 9 ri` I , 111 A,l •• P2').'
i°,,, k ill
.L 0 ,_,6l,tp •• -
,- .
21 , Ct.
' 9_,Juer BU, Xl,llOO, 2 & ‘-e' 23 PM
lio
.£5OO
23 pm
84 N. CIAO Lt- •£'oo
' til- ,
h ' of Lugland Stock, 41 per Cent
'Jo. account
htni 4 Nz
' ---, ,4-01"LitNMENT SI:cuRITIE.
ilai.t, ,
I,` •Itocic, •I_!Hr r:.43r (,:,,,,,=., A.,ri; /:,i74.••
b_
4-,o Ae ~ , , - 1
... co•l4t
1121
0 per c,nt..fuiy, ~,,.*B,)
100:1 i
r\o• 4 lie:: Cent., Oct. 1866
3. Certificates
b°• Enfaced Paper 4 per.C.
Cent
_
1)'1' 5 Per Colt., Jail. 1872
108}
ILI n: :?.., Per Cent., Itiy 187, _
_
v 0 per Cent., Rup. Deb., 18,2
Do.
do. 1877 —
Do.
do. 1882 —