The Sun.
London, England, 1871-01-12 00:00:00

MONETARY REPORTS.-YESTERDAY.

This being the first day of the account, the attendance of
the members of the Exchange was mainly directed to the
settlement, and business in stock and shares, was more
than ordinarily quiet. There liras however, a steady tone
in the market for Home Stocks ; owing to the
belief now generally current, that the danger of war
so far as this country is concerned, has now been
averted. On the other hand the anticipated issue at an
early date of fresh foreign wars, to a large amount has had
the effect of checking the rise in the foreign market,
though the quotations have shewn considerable buoyancy.
It will be observed that home railway stocks continue to
attract a large amount of attention, greater confidence
being felt with regard to the future of these important
undertakings. There is the most satisfactory feature in
the market at the present time. Consols closed at 921,
921 for money and. the February account ; Rednced and
New Three per Cents. are 92E 921 ; India Five per
Cents., 110, 1101 ; India Bonds, 225. to 275. prem.; Ex-
chequer bills, 103. to 14s. prem.; Bank of England Stock
left off at 233, 234.
Colonial Government securities are without material
change, the dealings having been on a restricted scale.
Canada (1877-84), 1041, 1031 ; New South Wales (1888 to
1896), 1001: New Zealand Consols, 1001, 101; Victoria
(1883-5), 1121 ; ditto (1894), 1001, 102.
The business passing in foreign Government bonds has
been somewhat limited, and has generally been in con-
nection with the settlement of the account. Egyptian
stocks have been in fair request, and are rather higher,
but Turkish have shewn considerable wekness. Russian
of (1862) and Nicolas are / up ; but Italian Five per
Cents. remain dull. The latest prices were :—Peruvian,
891, 90; Egyptian Nine per Cents., 951, 961 ; ditto Seven
per Cents. (1868), 78*, 781; Italian. 531, 53i ; Spanish
Three per Cents., 291, 291 ; Turkish Six per Cents. (1865),
591, 591 ; ditto Five per Cents., 431, 44 ; ditto (1869),
50, 50/ ; Mexican, 13i, 141.
The Scrip of the French National Defence Loan closed
at 21 to 21 discount, and the North German Loan at 11
to 11 prem.
Five-Twenty Bonds are again higher at 891 to 894 for
the 1862 issue, and 881 to 881 for 1867. Ten-Forty Bonds
have been done at 881 to 881.
The inquiry for home railway stocks has been rather
active, and though the movements have not been exten-
sive, the tendency of the quotations has been upwards.
Great Western Stock at 721, 7,`A shews an advance of 1 ;
and Midland at 130, 1301, and London and North
Western at 1291, 130, have improved 1. London and
Brighton is 1 better, nt 42, 421. South Eastern, on the
other hand gave way A, the closing price being 761, 761.
Foreign and Colonial bonds have remained without
variation of importance, but there has been a steady in-
quiry for the latter. Bombay and Baroda, 103,104 ; East
India, 109, 1091 ; Madras, 103 to 104 Great Western of
Canada, 15, 151 ; Bahia and San Francisco, 191, 191;
Great Luxemburg, 111, 111; Erie Shares, 181, 19 ;
Illinois Central, 1131, 1141.
Owing to the good dividends paid by most of the lead-
ing institutions, there has been an increased demand for
joint-stock bank shares, and the tendency of the quota-
tions has been upwards. Alliance shares have been sold
at 131 ; Anglo-Egyptian, 211, 1 ; Chartered Mercantile
of India, 23 ; Consolidated, 4* ; Imperial Ottoman, 111,
; London Chartered of Australia, 24.
A fair business has been transacted in telegraph shares,
and generally at improved prices. Anglo-American, 731;
Anglo-Mediterranean, 117 ; British India Extension,
6 3-16 ; British Indian Submarine, 6 13-16 ; China Sub-
marine, 21 ; Falmouth and Gibraltar, 8i ; French
Cable, 131.
The miscellaneous share market has ruled quiet, and
the quotations are without material change. The follow-
ing sales have been reported :—Credit Foncier, 2 116 ;
Egyptian Viceroy's Loan, 771 ; Fore-street Warehouse,
22.; International Financial, 31; Telegraph Construction,
24/, 1 ; Union Marine, s*, 6.
The mining share market has not exhibited any con-
siderable activity. Prices remain about the same and are
generally firm. Tan-yr-Alt shares have sold at 11, and
South Condurrow at 41. In foreign mines Don Pedro,
are quoted at 2, 21 ; Pacific, 1, 2 ; Rossa Grande, 1, a ;
Sweetland Creek, 41, 41 ; Taquaril, 11. lh prem.
There is continued ease in the open money market, the
payment of dividends having set free a large amount of
capital which is now seeking employment. The Lombard
street quotation for good short paper to-day is 21, 21,
while short loans on English Government Securities are
obtainable at 1 per cent
The bullion operations at the Bank of England to-day
consisted of the withdrawal of £30,000 in bar gold and of
£lO,OOO in sovereigns for transmission to Lisbon.
The Douro has taken out £50,175 for the Brazils, and
the -Celt has taken £5,000 in gold for St, Helena.
The Astarte has arrived from the Brazils with £5,000 in
specie.
At the meeting of the shareholders of the Union Bank
of London the directors' report, which is annexed, was
adopted :—The directors have to report that the net
profits of the bank for the six months ending 31st of
December last, after payment of all charges (including
the sum of £73,462 3s. 101 for interest paid and due to
customers on their current and deposit Accounts), and
making full provision for all bad and doubtful debts, are
£115,888 Is. 7d., which, with £4,237 7s. Bd. brought
forward from 30th June last, amount to £120,125 9s. 3d.
The directors now declare a dividend for the last six
months at the rate of 15 per cent,
per annum
on the paid-up capital, clear of income tax.
After payment of the dividend amounting to
£90,000, there will remain an unappropriated balance of
£30,125 9s. 3d. to be carried forward for appropriation at
the end of the financial year in July next. Since the last
meeting, the directors have elected Joseph Maynard,
Esq., of 52, Westbourne-terrace, a duly qualified pro-
prietor, a director of the Bank. Business at the Holborn
Circus Branch was commenced in the new building on the
26th December last, The dividend will be payable on and
after Friday, the 20th instant.
The report of the London and Brazilian Bank, (Limited)
shews a net profit for the past six months' of £18,769,
making with previors balance brought forward £21,988.
This includes 27,421 on capital locked up in Rio. The
paid-up capital is £750,000; the deposits held are
£554,307 ; and the cash in hand is £263,116.
The suspension of Messrs. Siebert and Rogerson, East
India and China merchants, of London and Manchester,
with liabilities, direct and indirect, of about £250,000 to
£300,000, is announced. The amount on which the firm
is primarily responsible is £30,000.
The directors of the Union Marine Insurance Company
(Limited) have decided to recommend a payment of 10s.
per share, making, with the interim divided of ss. paid in
July last, a distribution of 15 per cent. for the year.
They also propose to add £20,000 to the reserve fund, in-
creasing it to £lOO,OOO.
At the meeting of the Westminster Brewery Company
(Limited) a dividend was declared at the rate of 5 per
cent. per annum.
Annexed are to-day's making-up prices for the leading
stocks :—Metropolitan, 14 ; Caledonian, 871 ; London
and Brighton, 42 ; Great Northern A, 136 ; North-
Eastern, 146 ; Midland, 1291: London and North-
Western, 1291 ; Great Western, 721; Don Pedro Mining,
2 ; Peruvian, 891; Egyptian (1868), 78 ; Mexinan, 13/ ;
Turkish Five per Cents., 431, ditto (1869), 50; Italian,
531 ; Spanish (1869), 291; Lombardo-Venetian Railway,
; Anglo American Telegraph, 73 ; Telegraph Con.
14~struction, 241.

LONDON STOCK EXCHANGE.—WEDNEsDAT,

LATEST PEICES.—AFTER OFFICIAL HOURS.
The prices under the lines indicate the business done.

575 5S

RAILWAYS.
Bristol and Exeter B9 91 Do let Pre( 80nd5....
90 Grand Trunk of Canada
Caledonian
87/, 1, 8 40/
Great Eastern
397, I, 403/4 Grand Trunk of iiatiatla
Great Northern
lt6 107
Do A 136 137 Great tnat ['en g 5.. o
1361 106, an
7,
Great Western 721 73 Great Western of Canada 15 151
727, 3 4)o 6p o Bonds, 1871.. 98 VI
100
Lancashire & Yorkshire 12411n7 Do 57 do, 1377-8 95
1347, 57. 7 Do 5 p c pref. issued 80 par Inn.
Lou, Brigh. and S Coast 427 43 Madras guar spa
42, 2, 2 1031
Lon, Chat, and Dover ..132 141 N. Railway of Canada.
14, 3/4 6p 0 let Prof Rands
Lou and North-Western 129;130 Unite and Rohilkund g
1293/4 5 0 0
Lou aud South-Western 917 927 ' ' 1007, 13/4, 1007
917, 2 Belittle, Puitjault, and
Man, Shot and Lincoln 44 443/4 Delhi guar 5p o
447, 7, 7 1007
Metropolitan
Midland l3O 1207 g 7 p c
1307 197. 7
North Brituth
North-Easteni Consols 14671477 2 I-16th
1467, 7,7 t Buenas Ayres lit Sewn_ :57 2f,
South-Eastern 751. 767 Dunaburg and Witepsk 187 19
76# Dutch-Rhenish ll,, 223/4
(Atlantic and St Lawrlice 7f 77 22
Bombay, Baratta, aud • Eastern of France —
Central India. g 5 p c.. 103 104. Great Luxembourg
1037, 3. I 7 117
Buff and Lake Huron 4 47 Lemberg Uzernowitzgua
Do 57 po 80nd5,1872-3-4 79 81 7po
Cape guar 6p c
East Bengal guar 5 p c 10271037 Northern of France ....
1027 Ottom(Smyrua to Aidini 47 51
East Indian, g 5 p o
1091, 9, 7 (Lmited) guar 7ra 0
o .. 15 15
Grand Tnink Canada
Do Equip Mort Bud 1 South A itstu a. lAna-Yen 141 15
charge 6n c
Do 2nd do Scrip