The Sun.
London, England, 1868-03-13 00:00:00

MONEY MARKET

A ND
COMMERCIAL INTELLIGENCM

CITY, Two O'CLOCK.

The Bank return snows from an increase in the
Securities that the demand for money is increasing ;
but this condition is more than counterbalanced by
an accession to the deposits. The circulation has
consequently fallen off, and the Reserve has enlarged.
In other respects there is no material change in the
position of the Bank. It is still one of considerable
strength ; but not strong enough to prevent antici-.
pations of an advance in the rate of discount in the
event of any important increase in the demand for
the means of remittance to India' to pay for cotton.
The following are the principal changes since the pre-
ceding return

Decrease in Circulation
Increase in Public Deposits
Increase in other Deposits..... 412,361
No change in amount of Government Securities.
Increase in other Securities
Increase in Bullion ....... 43,448
Increase in Rest
Increase in Reserve
Bullion in both Departments ......21,179,530
Reserve of Notes and Coin 13,004,515
Circulation, including Bank Post Bills 23,671,613
The return of paid clearing, for the week ending
Wednesday, March 11, as certified by Mr. J. 0
Pocock, deputy-inspector, is as follows :--

March 5, Thursday £11,411,000
March 6, Friday
March 7, Saturday
March 9, Monday 9,462,000
March 10, Tuesday 8,901,000
March 11, Wednesday

Total £60,348,000
This aggregate is nearly 18 millions less than that of
last week, but that week included a Stock Exchange
settlement, of unusually heavy character. As in the
present week no disturbance of the kind has inter-
fered with the ordinary course, it may be inferred
that the transactions of regular commerce are • in-
creasing.
The last time when similar conditions
occurred after a Stock Exchange settlement, the
aggregate clearings were but little above £54,000,000.
It is, therefore, only reasonable to infer some improve-
ment in trade.
The Discount demand is unaltered, at 11 per cent.
The English Funds are rather dull. Consols re-
main at 93 to 93k for money and account. New and
Reduced, 91i to 92. India Five per Cents. are flat
upon realization, being quoted at 114 k to 115, show-
ing a decrease of . Bank Stock, 249 to 251. Ex-
chequer Bills, lOs to 15s prem.
In Foreign Stocks Egyptian Railway Debentures;
Peruvian (1865), and Orel-Vitetske are per cent.
better but the Viceroy's Nine per Cents. and Greek
are *lower, and Italian *. Spanish are firm. The
quotations are as follows :—Mexican, 15/ to 16 ;
Greek, 12k to 12/ 2 • New Spanish, 351 to
36 ; Italian, 45i to 46 ; Turkish, 33 to 33i ;
Portuguese, to 1± prem. ; Orel-Vitetske, 78 to 78k ;
Peruvian, 76k to 761 ; Brazilian (1865), 71± to 71i ;
Egyptian (1864), 865 to 87i ; the Railway Deben-
tures, 901 r to 91 ; Viceroy's Nine per Cents., 88i to
89 ; and the Seven per Cents., 73i to 74.
A.mericary Securities are steady. United States
5-20 Bonds are enquired for at 71± to 72. Erie Rail-
road 49 to 50. Illinois, 891 r to 90.
Confederate Cotton Bonds are being speculatively
bought to a small extent, and the price is 6 per cent.
The New Honduras Loan is steady at to
Prem.

Atlantic Great Western Railway Debentures
remain at 261 to 274, and the Consolidated Mortgage
Bonds at 28 to 29.
The Railway Market is a little firmer at the sub-
joined quotations : Lancashire and Yorkshire, 1254
to 126 ; Midland, 1051 to 106 ; South Eastern, 72
tr? 72i; London and North Western, 115 to 115?, ;
Great Northern, 105 to 106 ; ditto, 110 to 101 ;
Great Eastern, 31 to 314 ; Great Western, 461 to
47 ; Brighton, 48 to 49 ; Sheffield, 421 to 43 ;
Metropolitan, 1131- to 1131 ; and Caledonian, 82
• Foreign Railways are rather firm ; Lombardo-
Venetian Railway is quoted at 141 to 15 ; Luxem-
burg,
, Bank Shares are without feature, and the only
change is an improvement of -k in Imperial Ottoman,
at dis. to par ; Imperial 16i to 174 ;
to Alliance 141
13k dis ; Anglo-Austrian, 4- to 4 prem. ; Char-
tered Merc,antile, 24 to 29; ; London and Westmin-
ster, 67. E to 681 ; London and County, 52 to 53 ;
Loudon Joint Stock, 324 to 334; Union of London,
33 to 34.
Foreign Mining Shares are dull. St. John del.
4.03's are lower, at 161 to 171 ; Port Philip, to
J-1 ; Chontales, lk to 1 dis.
Little business is doing in Miscellaneous Securities.
Anglo-American Telegraph is firm at 22i to 224
Atlantic Telegraph 8 per Cents., 5# to 51 Fore-
street Warhouse, 11 to lf dis.; Hudson's Bay, 14A
t 0 14 ; London General Omnibus, 111 to 2 ; Ocean
Marine Insurance, 14 to 15 prem.; Thames and
Mersey Marine Insurance is better, at 2i to 21,
rem.; Universal Marine, 4 dis. to par.
The Pestarina United Gold Mining Company have
received a remittance of 788 ounces, valued at £2,700.
The remittance of the -Val Antigoria Gold Mining
Company is 59 ounces.
Bar gold to the value of £4,000 was withdrawn
from the Bank yesterday.
The silver market is very active in consequence of
the increasing demand for the means of remittance to
the East and the scarcity of supply. Late yesterday
bars
to the extent of £250,000 was transacted. in
lea's at 60-0 to 614 d per ounce, the current price
being id per ounce higher.
Advices from Marseilles describe an unfavourable
reaction in the wheat market, owing to adverse winds
having delayed arrivals frr'om the Black Sea and else-
Where. At the same time there had been rather a
sudden accession of orders to purchase, more espe-
cially on the Bth instant.
A. reduction of Jr per cent. on rates of freight on
specie to India has-been made by the Peninsular and
Chental Company, and of f per cent. on specie to
,na and Japan. On gold to India their charge is
'uOvr I per cent.
lioThe ordinary general meeting of the Don Pedro
forth dcl Rey Gold Mining Company has been called
for the 23d inst., for the transaction of the ordinary
business of the company.
The directors of the Oude and Rohilkund Railway
eftpany have received information that. extended
,ope
ey rations have been commenced on their lines, and
propose to issue shortly a further £1,000,000 of
pital,
in shares of £lO each, to be offered rateably
the shareholders.
A dividend of I has been declared on the Linorea
Lead Mining shares, of 23 on Fortuna, and of is 6d
op Alamilloa.
New York advices announce the failure of Smith
and Lounsbury, carpet dealers ; Wicks, Van Alstyne,
4.411 d Co., extensive'
dry goods jobbers and importers,
',.,?ormerly George A. Wicks and Co. ; and Thomass and
kj. importers and commission dealers in ribbons,
Bllks, and dress goods.
• The fourth ordinary general meeting of the
be Argentina Railway Company (Limited) will
'4O held on the 31st inst.

BRITISH FUNDS—TWO O'CLOCK.
, Gov.EnNmExT _FUNDS.
" Per Lent. Consols
8 'Jo. Account, April 93
')
Now Cent. Reduced 9lB 2
3 Cent 9lB 2
per Cent
21 per Cent. Jan. 1894 —
it 13°. 5 per Cent. o an. 1873 —
11nuities, 30 yrs, expire sth Jan., 1880 —
DO. for 30 yrs, expire sth April 1885 —
E; o (Red Sea Televaph), Au,.,„ 1908 —
che•ctuer Bills, £l,OOO, 2 per Ct.
Do £5OO — 13
13,t DO. £lOO & £2OO lO p
Do, England Stock. 41 per Cent —
. ofAccount . —
Inri•l'"laN GOVERNMENT SECURITIES..
_.b.t t,.a slOcceko,ulnOti per Cent., April 1874
-
"°. 5 per Cent. July, 1880
101 100 k
P,°' 4 per Cent., Oct. 1888
.-',O. Certificates —
D16)0. Enfaced Paper 4 per Cent —
0' 5 per Cent., Jan. 1872
e°• 5i per Cent., May 1879 —
5 per Cent., Rup. Deb., 1872 —
Do. do. 1877 —
1) 00' do. 1882 --
00' Deb 5 er Cent., Aug. 1873 ~ p
13onds, 5 per Cent., £l,000
°. tinder £1.000
~,IFOREIGN FUNDS—TWO CLOCK.
du titine Republic, t; per Cent —
i,trian Bonds, 5 per Cont. 1859
.Jr,i,• • .
per Cant —
1::1• 41 per Cent., 1852 —
j,°' do., 18:43....
ii°o: do., 18 its 631 5
tio do., 1863 63i Ili
b • 5 per Cent., 1865
Byer Account 7ll
br,e? Ayres 6 per Cent —
0 IQ; 4 per Cent. (Deferred 3 per Cent )
o,_,lrS 6 per Cont.—
--iatl 5 , ,
ij _ per ~,en —
Uou 4) Per Cent •—
b• u per cent, 13 .
4'3., 1867
U
.' 7 Per ,Cent., 1866
°'' s •
q. h.,,-, Scrip '£32 paid
Br •-`",;,11 6per Cent.
4111, ,
13 ,„",-. 3 p ar Cent, 1825
b-(;o,'''all. Principalities, 7 per Cent —
N1f,,,, ,`' Per Cent., 1867 -
'"'“--)" -Nc'w Con..lolidated, 1 per Cent l2l
-;lYPtian, 7 per Cent —
D`;• ecoud issue ..
I) • £540 Bonds
°. £lO6 Bonds —
r),, ,„,_ •
1)0 1861
.0,0 ,') llowlq B6l
(zu* 4.100 Boritlq
(lorvertnrAtitt Railway Debentures ..•• 901
..ek ,
bo, i) per Cent., 1824-5, ex Coups —
Do. 'Account
voupous
,r. ,