The Sun.
London, England, 1868-03-27 00:00:00

MONEY MARKET

♦ND
COMMERCIAL INTELLIGENCE,

CITY, Two O'CLOCK.

me .sans return is chiefly remarkable for showing
that a oonsiderable accession of loan and discount
business has heen transacted with little effect upon
the reserve. The Private Securities have increased
£1,262,398, yet the Reserve is only £150,584. The
Bank was enabled to effect this by a large increase in
reserve payments, the addition to the public deposits
being .E 1,360,252, enlarging that item to £7,287,476,
While another week's receipts are yet to be added to
the quarter's income. it is most likely that
the loans obtained from the Bank have been
'chiefly for revenue payments, inasmuch as, with
money at the present price, it is cheaper to borrow for
a few weeks than to withdraw the amount from use
in trade. The probable result will be that the aggre-
gate of the Reserve will be but slightly varied by the
Payment of the dividends in the second week of
April. The Bullion shows some addition, and the
Circulation is less by about the like extent. The fol-
lowing are the principal changes since the preceding
return :

Decrease in Circulation ... £160,605
Increase in Public Deposits
Decrease in other Deposits ...44- .....
No change in amount of Government Securities.
Increase in other Securities ... 4262,898
Increase in Bullion ........ 156,656

Increase in Rest
17, 882
Decrease in Reserve .... 150,584
Bullion in both Departments ...... ..... 21,438,083
Reserve of Notes and Coin 13,103,218
Circulation, including Bank Post Bills 23,334,865

The return of paid clearing for the week ending
Wednesday, March 25, as certified by Mr. J. U.
Pocock, deputy inspector, is as follows :--

_ .
March 145, Thursday
March 20, Friday
March 21, Saturday
March 23, Monday
March 24, Tuesday
March 25, Wednesday ., . 7,443,000

Total £53,730,000
No Stock Exchange settlements occurred in the week
embraced by this return to disturb the ordinary►
course of clearing, yet the aggregate is lower than on
several preceding occasions when the like conditions
prevailed. As there is no diminution in trade to
account for this, it is considered that traders are still
keeping themselves as independent as possible
in other words, they are trading on their own
resources.

Consols are without movement, at 93 to 931 for
money and account ; New and Reduced Three per
Cents., 91k to 92 ; India Five per Cents., 114 to
114 L Exchequer Bills are 1 lower, at 8s to 12s
trem.

Foreign shares are generally firmer, except Egyp-
tian, which are lower. Greek is higher, at 124 to
13 ; Mexican is dealt in at 15fr to 16 ; New Spanish
Three per Cents., 35a- to 35k ; Italian, 47 to 474 ;
and Orel-Vitebsk, 79i to 79i, being in each case an
improvement of per cent. Egyptian (1864) is 1 per
cent. lower, at 86 to 87 ; Viceroy's 7 per Cent.
Loan, 4, at 72 to 724 ; and the Railway Loan f, at
90 to 905. The Viceroy's 9 per Cent., is unaltered,
88k to 88i.
The New Honduras Loan is steady, at f to
prem.

In American Securities United States 5-20 Bonds
are steady at 72 to 72f ; Erie Shares and Illinois are
each f better, being dealt in at 455 to 465, and 895
to 904 respectively.
Atlantic and Great Western Railway Debentures
remain at 27 to 28 ; and the Consolidated Mortgage
Bonds have risen if, to 29 to 295.
The chief movement in railways is a further re-
INne of lf in Caledonian, at 755 to 76 ; Metropo-
litan District are 4 lower, at 73 to 74 ; and London
and North Western, 5, at 1145 to 115. Otherwise
prices are steady. There is an advance of in
Metropolitan Extension, at 1071 to 108 ; and of 5 in
Lancashire and Yorkshire, at 1255 to 126 ; in Mid-
land at 105 k to 105/ ; in South Eastern at 725 to
73 ; in Great Western at 47 to 475 ; in Metropolitan
at 1131 to 114 f ; Great Northern are quoted 1035 to
1044 ; ditto (A), 99i to 100 ; Great Eastern, 325
to 324 ; Brighton, 49 to 49f ; and Sheffield, 43
to 43k.

The new Metropolitan District Stock is 2 to 3
Drem.

Colonial Bonds are without change. Canada Six
per Cent. is inquired for at 100 to 101 • Mauritius
Nix per Cent., 86i to 87i ; New South ?Wales Five
Per Cent., 99 to 101 ; New Zealand Six per Cent.,
103 to 104 ; Victoria Six per Cent., 11N- to 1111.
Foreign railways are steady. Great Luxemburg,
64 to 9i ; Lombardo Venetian, 1 to 2.
Bank shares are again steady, and prices generally
are without change. Agra (A shares), 10 to 10i ;
Alliance, 13i to 12-i dis. ; Anglo Austrian, 3i to
; onsolidated, 411 to 4i ; Imperial, 17 to
17i ; Imperial Ottoman, k dis. to prem. ; London
and County, 51 to 52 ; London and Westminster,
67 to 68-; Oriental, 42 to 43 ; London Joint Stock,
al to 32 ; Union of London 32 to 33.

In Finance Shares, General Credit is quoted at
2 to 2i dis. ; Credit Foncier, 2i to 3 ; International
Finance, 2 to 1-.!1 dis.
Foreign Mining shares are very quiet. St. John
del Reys steady, at 20 to 22 ; Port Philip,lk to 1 ;
Chontales to -,1 dis.
In miscellaneous securities there is little business
doing and prices are for the most part stationary.
Anglo-American Telegraph, 21k to 22k ; Atlantic
Telegraph 8 per cent., 5f to 5f ; Fore-street Ware-
house, 2i to 2 dis. ; Hudson's Bay, 14} to 14i ;
London General Omnibus, 11 to 2.
The certificates of the Foreign and Colonial
Government Trust are quoted at 1 to 1± prem.
The Corn Market is quiet, with a firm tone.
The sum of £127,000 was withdrawn from the
tank yesterday, including £120,000 for Egypt.
The bonds drawn for repayment at par on the 2d
January last of the Consolidated Peruvian Five per
Cent. Loan of 1865, amounting to £282,000, are
announced for payment on the Ist April, together
with three months' interest, at the rate of 5 per cent.
ber annum.

The report of the Caledonian Railway has proved
Worse than the most adverse speculators had expected.
The dividend is at the rate of 2i per cent. compar-
ing with 6 per cent. On Saturday last it was
Offered and taken at the rate of 2/ per cent. per
annum.

The public dividends will be payable at the Bank
or England on Wednesday, April 8.
The directors of the Oriental Bank, at the meeting
on the 16th April, will propose a dividend of 6 per
Cent. for the half-year ending Dec. 31, making, with
the previous distribution, 12 per cent. per annum.
Commercial advices from Port Elizabeth are
generally unsatisfactory. Failures under not very
creditable circumstances had been frequent since
the previous mail, and business operations, except
With persons of undoubted credit, had been more
or less suspended. Messrs. Jordan, Craik, and
Company, whose suspension we noticed yesterday,
failed for £61,000, with estimated assets to the
amount of £68,000. The firm were large exporters
of wood, and the continued dullness of the market
caused delay and loss. The creditors have decided to
Wind up the estate under inspection. Messrs. J. B.
Porter and Co., brokers and commission agents, had
failed for £4,360, with assets £2,994. This estate
also is to be wound up under inspection. Mr. Charles
Sonnenberg, general dealer, of Queensland, failed
for £26,000, with assets equal to 10s in the pound.
In the eastern province no fewer than eleven sum-
Densions are reported, though none of them are vet.,
large.

The directors of the British American Land Com-
pany recommend a dividend of 17s 61:1 per share foe
the past year.
The dividend of the Great Luxemburg Railway
tor the half year ending with 1867 is 3s. 6d per share.
Although a great reduction on former distributions
9118 is received with satisfaction. The considerable
improvement in the receipts this year lead to the hope
`hat the old dividend will speedily be resumed.

BRITISH FUNDS—CLOSING PRICES
, GOVERNMENT FUNDS.
" Per Ueut. Console
Do. Account, April 2
Neer Cent. Reduced9l 2
W 3 per Cent l. 2
"w 21 per Cent. Jan. 1894 —
. Do. 5 per Cent. Sian. 1873 —
'llcfnuities, 80 yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885 —
E 1)0 (Red Sea Televaph), 1908 2Ol
lOlecluer Bills, £l,OOO, 2 per Ct.
Do £5OO —
t Do. £lOO & £2OO —
arstik of England Stock, 41 per Cent Shut
4-' 0 . Account
1 INDIAN GOVERNMENT SECURITIES.
11(1ia tock, 101 per Cent., April 1874
DO.„ Account
uo. 5 per Cent. July, 1880
Do. 4 per Cent., Oct. 1888
Do. Certificates
.„1: iO. Enfaced Paper 4 per Cent —
",°. 5 per Cent., Jan. 1872
~-,'''°..)l per Cent., May 1879 lOBl 1
uo 5 per Cent., Rap. Deb., 1874
Do. do. 1877 lO2l
T, Do. do. 1882 lOBl
4-'„,.. Deb., 5 per Cent., Aug. 1873 —
",0. Bonds, 5 per Cent., £l,000
"o• under £l,000
A FOREIGN FUNDS—CLOSING PRICES.
-I.3.eutine Republic, 6 per Cent
i3xllB.3trian Bonds 5 per Cent. 1859
rd, ili an 5 per 'Cent
.o°. 41. per Cent., 1852
I,°. do., 1858
D'"°. do 1840
o. ,
D do., 1863 —
c). 5 per Cent., 1865
BDO Account 72 1
111 ric%s Ayres 6 per Cent —
" 2 Per Cent. (Deferred 3 per Cent ) 42