The Sun.
London, England, 1868-06-19 00:00:00

lO4i A R T

AND

COXMERCIAL L.4,TELLY:irsNCE,

CITY, Two O'CLOCK.

Notwithstanding the slightly increased price of
nr neY in the open market, the Bank return points to
thu
toeiprobability of a reduction in the rate of discount
per Cent, The Bank terms being per cent.
fare those of the market, its securities have naturally
'en off, while deposits have been withdrawn for the
[o:dose of meeting the outside demand first referred
" . 'Yet the resources of the Bank have enlarged
j,t.11 the reserve again exceeds fourteen millions,
wntle the bullion is in excess of twenty-two millions
till'lU. A reduction may be delayed until the
a ,
of the half year, but with the dispersion of the
tievidends in July, if not before, there will necessarily
plethora of unemployed money in the hands of
B"nirE,, which will probably impel them to invite
Pplications for its 'Use, by offering it even at 1 per
cent.tl, The following are the principal changes since
Lie previous return :
Decrease in Circulation
Increase in Public Deposits
Decrease in other Deposits
No change in amount of Government Securities.
Increase in other Securities . 436,579
Increase in Bullion
Increase in Rest V 8,178
Increase in Reserve • .. 377,335
Bullion in both Departments —.22,571,045
Reserren including Notes and Coin 14,046,310
„‘Arculation, in Bank Post Bills 23,949,450
ule return of paid clearing for the week ending
ednesday, June 17, as certified by Mr. J. 0:
uepek, deputy inspector, is as follows :
June 11, Thursday £7,822,000
June 12, Frilay 9806,000
June 13, Saturday ... 11,296,000
June 15, Monday ••• ••• .9,386,000
Juno 16, Tuesday ... 23,400,000
June 17, Wednesday ... ... 12,533,000

Total £74,243,000
611,4 aggregate has been attained chiefly by the
heavy settlement on the Stock Exchange, otherwise
there is reason to believe it would have proved un-
usually low. This fact is not in accord with the com-
,Ptints of an absence of business on the Stock Ex-
-“anc,o.
bp,he Money Market is steady, with three months'
,rl;_ being discounted -k per cent. below the Bank rate.
The Funds
are considerable.
but Funds opened at last night's advanced prices,
there have since been sales, and quotations are
not S°
;),, 43° high. Consols are 94i, to 95k for money, and
to 95k for account ; New and Reduced, 941 to
'td ;, tank Stock, 245 to 247 ; India Five per
ti'B•3 11421- to 115 ; Exchequer Bills, 14s to 18s
rt.
Po •
the close
Stocks are generally rather firmer than at
There Close last evening, but there is not much doing.
is an advance of in Greek, at 132 to 14k;
lq
87 ftulion (1861), at 53,f to 53k ; and in Peruvian, at
at "3 88_; and of in New Spanish, at 38 to 38f ;
ared Turkish (1865), at 39a to 39g ; Danubian Bonds,
v.Bll to 84. ; Egyptian (1864), 82 to 83 ; and the
Seven per Cent., 74 to 74k.
Tgeptian Nine per Cent. Bonds are 88k to 882.
New Honduras Loan is par to 1 prem.
American Securities, United States 5-20 Bonds
Sre unaltered at 73 to 731; Erie Shares are lower, at
'to 46 ; Illinois steady, at 992 to 1001.
4tiantic and Great Western Railway Debentures
are 29 to 30, and the Consolidated Mortgage Bonds,
31 to 341. •
ug Is 1; railways are steady, the only changes as
opared with the final prices of last night being a
and of lin Great Northern, and of in Caledonian
iitcal South Eastern, and a fall of in Metropo-
th.a. The quotations are :—Lancashire and York-
DIN, 129 to 129 k ; Midland, 106 'to 106 k ; South
-r,'lstern, 75 to 75k ; London and North Western,
A1.,°1 to 1162 ; Great Northern, 103 to 103 k; ditto
96i to ; Great Eastern, 36k to 36g. ; Great
`Western 53f to 532 ; Brighton, sto 52 ; Sheffield,
437-) t° 43i ; Metropolitan, 11Q
to 1112 ; Caledonian
tki to 74i ; and Chatham, 20 to 20k.
Pinanee shares are in moderate request. General
Cife(-,'it is k higher at 2k to dis. ; International,
dis. : Credit Foncier, 3A- to 3i : London
n4.once, 22 to 20 dis.
treat
Railway shares are not quite so firm.
i,e_at Luxembourg is it lower, at 12 5-16ths to
41-16tlis ; Lombardo Venetian Railway, 15 to 15.
sank Shares are very quiet., and prices are with-
out change. The. following are the quotations :
T•gra (A Shares), 112 to 12.1- ; Alliances, 104 to 911
-; Anglo-Austrian, 5k to 6 prem. ; onsolidated,
41,t,tp 51; Imperial, 18 to 19 ; Imperial Ottoman, 1k
~"„tt Prem. ; London and County, 50 to 51 ; London
ig_g\Vestminster, 71i to 712 ; Oriental, 42} to 43 ;
radon Joint. Stock, 34 to 35 ; Union of London, 34
'0 35.
Poreiz, Mining Shares are lin little demand. St.
j.
°tin del Rey remains at 20k to 214 ; Port Philip,
tr, „
; ..Chontales tp 2 ; Rossa Grand, 3-16
-° 5 16.
bThe dealings in Miscellaneous Securities are limited,
Ant prices are on the whole well ,inaintained. Anglo-
Vnerican Telegraph is enquired for at 22f; to 22g ;
Atlantic Telegraph 8 per Cent., 5 to 51 ; Hudson's
24. Y, 16i to la ; London General Omnibus, 2} to
a National Discount, 11 to 114.
13:C41.6,000 in bar gold was yesterday sent into the
The Massilia has arrived with £67,000 in specie
*4O,
_ln Alexandria.
10.Kessrs. Barings have received £6OO on account of
"es,/ Granada dividends.
Letters from Paris state that fears are entertained
there of the effects of the long absence of rain, whilst
4e heats have prematurely forced some of the crops.
further
beet for example has suffered greatly, and it has
4orther been injured by the appearance of insects
who
rain would have destroyed. Beet growers,
:110 are now an exceedingly large interest in France,
are therefore feeling considerable anxieties.
r. Helmuth Schwartze's wont price current, dated
has
night, states that since the Bth inst. the market
the experienced a further decline, altogether cancelling
s',° advance on March rates, which the first week's
Cps had established. This is true for all descriptions,
a while for some special kinds, such as lambs, prices, on
-h an
of the large supply, are even materially lower
an in the last series.
,4 Concession has been granted to certain capitalists
°ia railway from Grosswarden to Essegg, in Hungary,
jlrh a branch from Essegg to Villany, the whole
vi,i'gth being about 50 miles. By another concession,
oich is shortly expected, the line will be prolonged
tr, l
Thsek, and thus a direct and easy communication
Adriatic be opened between Southern Hungary and the
,i. The line will be only a single track, and
"1% estimated cost is 120,000 florins ner wile.

BAITISH FUNDS-TWO O'CLOCK.

GOVERNMENT FUNDS.
II Per Cent. Consols
, Ditto for Account, July 9
NPer Cent. Reduced '
Bw3 per Cent
21 per Cent. Jan. 1894
/3°. 5 per Cont. al an. 1873
lauities, 80 yrs, expire sth Jan., 1880 —
Do. •o. for 30 yrs, expire sth April 1885 —
, E " (Red Sea Telegraph), Aug., 1908 —
ICos
-40411er Bills, £l,OOO, 2 per Ot l4 pm
be.
£5OO - 71
D £lOO St X*2oo — It
13
"Ik. of England Stock, 4}p3r Cent —
DO. Account .
1 ~INDIAN GOVERNMENT SECURITIES.
4'ita stock, 101-per Cent., AprillB74 ... Shut
1)0. Account
DO. 5 per Cent. July, 1880 ' 115 xd
O. 4 per Cent., Oct. 1888
,-,
'-'„ 0. Certificates —
DO. Enfaced Paper 4 per Cent 9li
DO. 5 per Cont., Jan. 1872
-;l per ~ Itup.
'0• ser Cent., May 187
`) 5 Cent Deb 31872' —
Do. do. 1877 —
Do. do. 188.)
.'-'‘ Deb., 5 per Cent., Aug. 1873 —
uo. Bonds, 4 per Cent., £l,OOO
DO, under £l.000

FOREIGN FUNDS—TWO CLOCK.
Ar .
Aulttine Repulic, 6 per
I,rian Bonds, 5 per Cent. 1859
`444ilia.n 5 per Cent — xd
2pe3. 41 r Cent., 1852 —
r,.. do. 1838....
.„"°. do., 1810 —
1,"0. do., 1863 —
7-,e• 5 per Cent., 1865
lk ,u 0 Account 76j 1.
-,enos kyres 6 per Cent ^
(3i),) 2 p©r Cent. (Deferred 3 per Cent )
C 6per Cent.
',"iat 6 per Cent —
.uo. Cent —
U°. 6perr Cent B
D 0•, 1867 ''
U 0•,
1867 96
;-0., 7 per ,Cent., 1866
0 `'°•, Scrip £32 paid
ty nibian, 6 per Cent.
I) '4i812, 3 pit. Cent., 1825.-- ,
tn,lubian Principalities, I I:.er Cent
M I'o 8 per Cent., 1867
o,odor New uonsolidated, 1 per Con'. 1, i
4Yptia 7 r Cent
I) ,Proud eoi
81 2
o. S Issue ... .
'O. 4106 Bonds
no. ltiLil -
i., Do. Account
''"). £5 ;I) Bonds —
D?. £lOO Bonds A • SI
14 overnire,nt Railway Debentures ....
Dolc
ur., t 182-f-5, ex Coups —
. --
~,'D. liourDll3
G-uO. Account
ill ttentata 5 per Cent .. —
.*Tc:o.durs.s Gov. Rail. Loan., 10p. Ct., £25 p
4' ,:lall Per Cent., 1865 —
':',o, Account ~ 7B
41;?. Mareninaana Itaiway —
Di 3 per Cent —
ttO for Account