The Sun.
London, England, 1868-03-06 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLMENnt

CITY, Two O'CLOCK.
Some rather important changes are shown by the
Link returns. For the first time for many months
there is a distinct symptom of a revived demand for
money. It is shown by an increase of upwards of a
(billion and a quarter in the private securities, which
COW exceed the aggregate of seventeen millions and a
half. It may be inferred that this particular symptom
will not materially change during the remainder of the
current quarter, from the fact that only £98,400 out
of the full amount reappears in the shape of
private deposits. The reserve under those circum-
stances hits considerably diminished and the notes in,
the hands of the public have increased. The bullion
has fallen off, and in the present state of the demand
for cotton, the movement will probably continue upon
a moderate scale. Judging from the amount of rest
the forthcoming half-yearly divi,leud on Bank Stock
will Piebablv be 4 per cent. The following are the
Principal changes since the preceding return :
Licreace in Circulation
Increase in Public Deposits
Increase in other Deposits..
No change in amount of Government Securities.
Increase in other Securities
Decrease in Bullion
Increase in Rest
Decrease in Reserve
Bullion in both Departments ......21,136,192
Reserve of Notes and Coin 12,5'12,812
Circulation, including Bank Post Bills 24,130,445
The return of paid clearing, for the week ending
Wednesday, March 4, as certified by Mr. George
erbyshire, chief inspector, is as follows :
Feb. 27, Thursday £8,874,000
Feb. 23, Friday ....... 21,041,000
Feb. 29, Saturday
March 2, Monday 11,306,000
March 3, Tuesday 12,059,000
March 4, Wednesday ..... 11,368,000

Total £78,181.000
This is the heaviest clearing by about £2,000,000
that has yet occurred since the publication of the
returns commenced in May last. A portion of it, no
doubt, is attributable to some improvements in the
Interior trade, as shown by the totals of the last three
days ; but the chief cause of the increase is the
Settlement of the 28th ult. on the Stock Exchange.
The inquiry for discount this morning is rather
firmer, and the minimum quotation is 1i per cent. In
the Stock Exchange money is in larger supply.
The Liverpool Cotton Market is much quieter.
Corn continues dull at the decline of Monday.
Consols ate steady at yesterday's prices, 93 to 93k
for money and account. New and Reduced Three
Per Cents. 91i to 92 ex div ; India Five per Cents.,
1121 to 113/ ; Bank Stock, 249 to 251 ; Exchequer
103 to 15s prem.
There is
considerable animation in foreign Govern.
went securities, chiefly owing to the receipt of better
prices from Paris. Tbere is an advance of / in
Italian,at 45i to 46 ; and in the Orel-Vitebsk hail-
way Loan, at 74 to 78; of in the Viceroy's 7 per
uent. Bonds at 741 to 75 ; and of in New Spanish,
at 361 to 36i ; and in Turkish, at 32k to 33k. On
the other hand the Egyptian Railway Debentures are
t lower, at 90-!;- to 911, and Portuguese scrip, A-, at
to ; Mexican Bonds show no change, at 15/ to 151;
Creek, 12k to 12/ ' • Egyptian (1864), 74,1 to 75 ;
and Brazilian, 71 to 72.
The New Honduras Loan is steady at to lt
Prem.

Egyptian Nine per Cent. Bonds are firm at 89
to 89k.
American Securities are flat. United States' Five-
Twenty Bonds are lower, at 71a to 715 ; Erie Rail-
roacl have fallen 1 per cent. owing to lower prices in
New York, the quotation being 46 to 47 ; and Illinois
I' lower, at 88/ to 89k.
Atlantic and Great Western Railway Debentures
remain steady at 26 to 27, and the Consolidated Mort-
gage Bonds at 261 to 27k.
Colonial Bonds are without change, Canada 6 per
Cents being quoted at 99 to 101 ; Mauritius 6 per
Cent., 104 to 106 ; New South Wales 5 per Cents.,
oto 101 ; New Zealand 6 per Cents., 102 to 103 ;
victoria 6 per Cents., 110 to 111.
The home railway market is firmer, and there is a
general recovery of to 4- per cent. There is an ad-
vance to the latter extent in Great Northern A, at
104 to 1041 ; in Brighton, at 49 to 49i ; and in
Caledonian, 831 to 831 ; and to the former
er,xtent in Midland, at 1061 to 107 k ; in
oouth Eastern, at 722 to 731; in Great Western,
to t 452 to 461; and in Metropolitan, at 112 k
1122. Lancashire and Yorkshire are firm, at
'26 to 126 k ; Great Northern, 106 to 107 ; Great
"stern, 30 to 301 ; Sheffield, 411- to 41/; and North
British, 34.1 to 341.
In Dank Shares the transactions continue limited.
T.,
ondon Joint-Stock is better, at 33 to. 34, while
Union of London and Anglo-Austrian have fallen, the
former k, at 33.'- to 34A ; and the latter 4-, at 3i to 4
r4enl• ; Agra (A Shares) steady at 10 to 11; Alliance,
to 13 dis.; Oliartered Mercantile, 281 to 291, ;
Perla], 17 to 18 ; Imperial Ottoman, to dis.;
Oriental, 42 to 43; London and County, 52 to 53.
Finance shares are steady. Credit Foncier,
24 to ai • International Finance, 2k to 11 dis. ;
London Pinanee, 26 to 24 dis.
, In Foreign Mining Shares St. John del Reys are
~`,.,eadY, at 15 to 17 ; Port Phillip, 1* to 4; Choutales
9- to dis.
Miscellaneous securities are extremely quiet, and
prices
, are without movement. Anglo-American
Telegraph, 20 to 20/ ; Atlantic Telegraph 8 per
o e't., 5g to 5} ; Hudson's Bay, 14L- to 14f ; London
General.. Omnibus, to 2 ; Fore-street Warehouse,
4, to 1 dis.
t £41,000 in bar gold and £5,000 in sovereigns, for
were withdrawn from the Bank yesterday,
'de £57,000, from Brazil, were sent in.
1., The steamers leaving New York yesterday for
'urope took £lOO,OOO in secie.
The advises frotn the St.p John del Rey Mines are
'°re favourable, and report a remittance of 2,023
ottavas
, of gold.
Ttotle adjourned half-yearly meeting of the Metro-
' Itall Railway Company has been convened for the
llth inst.l
--!ttiolsli of time
that the proposed bill for the pre-
time bargains in railway stocks is aban-
doned.
13 The Directors of the Metropolitan Railway Corn-
-I\i-IV have made a call of ..£2 lOs per share on the
°f April.
ew Redeemable Share Capital, payable on the Ist
1,141:he Belgian ironworks generally, according to the
00' advises, are rather more actively occupied both
export and on home orders ; but the demand is
stated to be insufficient to affect the prices of iron,
thoughlll it is much firmer in tone. The foundries and
aelline shops were, becoming fuller of orders.
4-jockerill and Co. had received an order for six
o
c.omotives on the 29th February, from what quarter
is not stated.
Southern
traffic receipts of the Buenos Ayres and Great
Railway for the week ending Jan. 12, shows
decrease of £413, as compared with the correspond-
ing week of last year.

BRITISH FUNDS—Two O'CLOCK.
GOVERNMENT FUNDS.
8 Per Cent. Consols
a 32/0. Account, April 2 931
leer Cent. Reduced 9ll 21 ad
91i 21 ad
1,1 W 3 per Cent
"'ew 21 per Cent. Jan. 1894 —
A 1)°• 5 per Cont. al an. 1873 —
ad
—o„ouities 80 yrs, expire sth Jan., 1880. .-
1-) O. for b 0 yrs, expire sth April 1885 —
Zl)° (Red Sea Tele6raph), Au,.,., 1908 —
LehogosT Buis, £l,OOO, 2 per Ct.
Do
.£5OO lO 15 pm
)3
I,llk D
of England SZIO
tock, 41- per Cent 25115 49pm
"Jo. Account
Indi,IIIDIAN GOVERNMENT SECURITIES. ,
-""tt43e Cent., April
8....
Account per ~
1),,•
O. 5 per Cent. July, 1880
T,°. 4 Per Cent., Oct. 888
1/ Certificates
'•, • 0.
Do
1) • Enfaced Paper 4 per Cent —
D°. 5 per Cent., Jan. 1872
B 51 per Cent., May 1879 —
° per Cent., Rup. Deb., 1872 . —
Do. do. 1877 —
T., Do
...; D L' do. 1882 —
D°: -,„ cu., 5 per Cent., Aug. 1873 —
B .uonds, 5 per Cent., £l,OOO
o. under £l,OOO - pm
Ar4e„,. IPOZNEET Trims—TWO ()LOCK.
Au itVtle Republic, 6 per Cent
ka4ifian Bonds' 5 per Cent. 1859
t-) an 5 per Cent —
Do lit Per Cent., 1852 —
Lo
• do 1858. —
i;,' d ”
_...0.
r,0., 1810 —
D° t "0., 1863 —
130 A" per Cont., 1865 —
as„" "ceount 7ll i
12,0"°8 Ayres 6 per Cent —
C 4„ 2„Per Cent. (Deferred 3 per Cent )
oile 0 per Cent.
D°•taa 6 per Cent —
On 1! Per Cent •—
b e P'2,/* Cent 80. ~
D°' 1867
7
Do' , Per ,Cent., 186 G —
U „,'k".!eriP X 32 paid
1),t,,:—"tan, G per Cent.
•••, toubi - P r Cent., 1825
.._1:), ell Principalities, 7 per Cent
6-8
z111.441-' Per Cent., 1867
4' °" New Consolidated, 1 per Cent... 'YPtian 7 , ,
c, I
delpr cenL —
i.hus• oevo ssue
; • 4.510 Bonds
°' 4106 Bonds B6 5f
-lio
D° x • 1864
Do. 5,0 Bonds
''-'4°- Xl.OO Bonds ~, 88i-
(44, 74aleut Railway Debentures . .•• 914,
bo. ? per Cent., 1824-5, ex Coups —
,„ 4teeount 'Jo uo ,
c,. 'll-'01:153
ale e Cent , --.
G 44te111: t .•• .....•
P...