The Sun.
London, England, 1868-08-28 00:00:00

310-El--NARIIET

AND

OOMMERCIAL INTELLIGENCI,

CITY, Two o'CLoor.
An increase of strength is shown by the retain of
the Bank of England in respect both to the Bullion and
the Reserve, while the Circulation has fallen off. These
changes indicate a tendency of money to return to the
Bank, notwithstanding that the ingathering of the
crops, the absence of tourists, and the preparations
for the elections, are each holding the process in check.
The main cause however, is the falling off in business
shown by the diminution of nearly £600,000 in the
private securities. On the other hand, mercantile re-
quirements apparently have caused a large withdrawal
of private deposits, thus affording some explanation
of the steadiness of the rates in the open markets for
discount and advances. The bullion is expected in
the present state of the foreign exchanges to further
increase io the ensuing week. Meanwhile, the fol-
lowing are the principal changes in the position of the
tank compared with last week :
Decrease in Circulation
Inerease in Public Deposits
Decrease in other Deposits... 333,414
No change in amount of Government Securities.
Decrease in other Securities
Increase in Bullion
• 38,900
Decrease in Rest
Increase in Reserve J 328,680
Bullion in both Departments ...... 20,774,101
Reserve of Notes and Coin
Circulation, including Bank Post Bills 24,458,583
The return of paid clearing for the week ending
Wednesday August 26, as certified by Mr. J. C.
Pocock, deputy-inspector, is as follows :
Aug. 20, Thursday ... X 7,994,000
Aug. 21, Friday ... •••' —• 9,812,000
Aug. 22, Saturday ... ... 10,802,000
Aug. 24, Monday ••• ••• 8,279,000
Aug. 25, Tuesday 9,920,000
Aug. 26, Wednesday .... •.• 8,562,000

Total ..: £55,369,000
This is ft considerable falling off from the aggregate of
last week, but the clearings have been exclusively
commercial, there having been no Stock Exchange
settlenaents in the week. In this respect the total is
satisfactory, considering the dulness of the season.
The Stock Markets are inactive, and Railways have
111 some cases lost an improvement that took place
during the later hours of yesterday. Among these
fire Great Northern stocks. Metropolitan are very
;at Several stocks are now quoted with the divi-
dend deducted. The Funds are. unaltered but dull.
No change of importance has taken place in Foreign
Stocks, some of which are steady, but the tendency is
not very satisfactory.
The demand for money has increased, and it is now
Ped, but rates are still quoted for the best bills at
12 to 1 per cent. The inquiry is chiefly in relation
to the closing engagements of the week. The demand
The
good from the Stock Exchange.
Ile Wheat Market this morning is quiet at Mon•
Y's rates.
Consols are steady, at 94 to 941 for money, ana
.accallot• New and Reduced Three per Cents., 941
r 943
,„ g ; Bank Stock, 244 to 246 ; Exchequer Bills,
b 3 to 208 prem.; India Five per Cents., 114 k to
115.
Sln Foreign Stocks the only feature in addition to
,at of general steadiness is a relapse of Egyptian
ck of 1864 to 85 to 86. Turkish are firm, the
cents,
per Cents. at 38i to 391 ; and the Six per
uents. of 1865 at 62 to 6211 ; Mexican, 14i to 151 ;
Greek, 121 to 131 ; Spanish, 34a to 34g ;
,51i to 51i : Brazilian, 76k to 77k ; Peruvian, 79 to
Portuguese, 372 to 381 ; Viceroy, 74
LO
744
I':l)gliSh Railway Shares are rather flat, and business
iois,,.very quiet. Great Northern (A) is 1 lower, at
1."3:1 to 1041 ; the ordinary stock k, at 106 to 107 ;
741 d London and South Western also 1, at 88 to 90.
.„ancashire and Yorkshire steady, at 1264 to 127 ex
21v; Midland, 105 to 1055 ex div. ; South Eastern,
14 to 74 ex div.; Great Western 482 to 491 •, Great
141, stern, 361 to 362 ; London and North Western,
~31. to 1132 ex div.; Manchester, Sheffield, and
,Incolnshire, 434 to 43a; Metropolitan, 1082 to 1091 ;
751 to 752 ; London, Chatham, and Dover,
181. to 181.
In American Securities United States 5-20 Bonds
are umaltered, at 711 to 714. Erie Shares show an
;roprovement of 1, at 32 to 33 ; while Illinois are
Lower, at 91 to 91k.
Atlantic and Great Western Railway Debentures
have risen 2, to 39 to 39k, and the Consolidated
kertgage Bonds -5, to 139/ t 0.392.
•. Great Indian -Peninsula Railway New Four per
‘Jent. Debenture Stock is 95k to 96k.
The Honduras Loan is steady at 82-1 to 83k.
e;tne:aatnk:hares there is little doing. Imperial
. is
"ver, at 161 to 17i ; while Anglo-Austrian is
to 7 ; Agra, 114 to 12 ;Alliance,
to 1(4 dis.
;‘Chartered Mercantile, 28 to 29.
The traffic receipts of the Varna Railway for the
the
ending August 4, amountel to £B2l, and for
"?corresponding week of 1867, to £836.
the sum of X 145,000 in bar gold was sent into
"e Bank yesterday.
r, The dircctora of the United Kingdom Electric Tele-
ri,tiph Company have resolved to recommend the fol-
:ing dividends for the past half-year :-10 per
B;netrapteer annum on the 10 per cent. preference ; 6 per
per annum on the 6 per cent. preference ; and at
leaving
per cent. per annum on the ordinary
£137 to be carried forward.
ott e half-yearly ordinary general meeting of the
teorersn Railway has been called for the 30th Set:s-
-et:lk meeting of the bondholders of the West Wis-
Pytnsin Railway Company was held
esteray,
11 9) Victoria Chambers, Westminster, ford the
wit pose of electing an English trustee to act
gi " Messrs. Win. H. Leonard (Chief Justice of the
(l,Pre'lle Court of New York), arid J. Dutton Steele
i? Vice-President of the Philadelphia and Reading
lat,ireacl), in accordance with the terms of the prospectus
coti-LY issued. After the secretary had read the notice
to tn°e, fling the rneeting,Josiah Atwood, Esq. , was elected
jaegKe the chair. The chairman then called on Mr.
co,ilseo (Janson, Cobb, and Pearson, solicitors of the
Th."Pall3r) to read the trust deed, which was approved.
4,7 Meeting was then called on to elect a trustee,
or; the following resolution was proposed by Mr.
4,,ene and seconded by Mr. Horwood :—" That
Ni'es Good Esq., M P be, and hereby is, ap-
t*, son, • •»
500, ‘.l) subject to his consent being obtained to
hold appointment, the English trustee for the bond-
Thi,era of the West Wisconsin Railway Company."
ried resolution was then put from the chair and car-
kr „Unanimously. Mr. Henry Smith, solicitor to
wag‘nodson, who was present, intimated that he
or t empowered by Mr. Goodson to accept the duties
the:usteo. A. vote of thanks to the chairman was
be Proposed by Mr. John Collinson, C.E., and,
kolungi seconded by a bondholder, was carried unani-
V. The proceedings then terminated.

a -,OVERNMENT FUNDS.
(:„ BUTISII lIINDS.•-TWO O'CLOCK.
93i 41
136 r Cent. Consols
94
a Ditto for Account, Sept. 8
94
I,,p!r Cent. Reduced
941
1,4 vr 3 Per Cent
ij 2} per Cent. Jan. 1894
A °- per Cent. J an. 1873
I,!lnities SO v s expire sth Jan., 1880 —
E)t°. for 3' 0 y. :, e' itp[re sth April 1885 — .._u,.° (Red Sea Telegraph), Aug., 1908
16— pxynd
1101.0quer Bills, £l,OOO, 2 per Ct
Do £5OO
lithh: £lOO & £2OO
e
tr of England Stock, 4 per Cent
ea 0. Account
tialcla 4 per Cent. Bonds —
44. *-NbIAN GOVERNMENT SECURITIES
IN't4 t•OCk 104 per Cont., April 1874 ...
..._—
~0 '.
t) , petting, for Account
1141 1
I:),°,' au Per Cent. ,
Oct
1880
105
Do, Per Cent., Oct. 1888
_
. Certificates
_
to. Enfaced Pap., 4 per Cent
_
1)°,: 5, Per Cent, Jan. 1872
Dn.' i Per Cent., May 9187
- '.' Per Cent , Rup. Deb. 2
Do. •
do. 1877 —
Do
1882 —
,-, • do.
/); b.,
b"- Be-ends, 4 per Cent., £l,OOO
5 per Cent., Aug. 1873
21 25 pin
pm
'5. titider Xl.OOO
.4,34 ti
Ai. VOIMIGN IFTNIA—TWO 01./LOOl.
PI
4,4 its, riejtepublic, 6 per Cent
air& .7'll bonds 5 per Cent. 1859
o. 4)
Lo. `1 Per Cent., 1852 —
o, de. 1858....
_
bo. do., 1860
en t do., 1863 _
_
,00 ; Per Cent., 1865
ti .etjr.ollllt
774
, Do 28 ‘Vres 6 per Cent.
'll')% Per Cent. (Deferred 3 per Cent.)
0 gietta6ter Cent
744
/30. 41 Per Cent
I), , Per Cent _
Do !° Per °Mat., B
1)001 7 1867
911 Do.' k, Per Cent., 1866
C th.',:feriP £32 paid
_
1B (to -`44'l, 0 Per Cent
.),k,,„F3,11.. 3 p.a. Cent 1825........
4,n:1 3• .7.
bo 8 t iincipalities, I.or Cent
14:ctum Per Cent., 1867 BU
I)
low4pt'--. Oonsoliduted, 1 per Cent.
u; ) per Cent —
"°4(l issue
Do.
ks{)o Bends .............
no.
• 410 C Bonds
D lB6l
b 0•854
-o Be,
ACCOUnt
sot Bonds _
•clOO Bond
English R . 3 ................. . ..... .• • •••
bc, "Jenl), 1868
(10v (10. £5
Gre ~ Arent Railway Debentures
/0: Por Cent., 1824-5, ex Coups —
1), 4',f '''Cllnt
._.
h • ...011,,... .•• ......................... V^ .
',O. Acetl-Zi.3 ........................... .• • '''''
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