The Sun.
London, England, 1871-02-18 00:00:00

MONETARY REPORTS. Y ESTERD AY.

A favourable construction continues to be put upon the
tenour of the telegrams from the Continent, alid it is
generally regarded as certain that the prolongation of
the armistice is but the prelude to the signing of a treaty
of peace, to be concluded, it ie to be hoped, on a sub-
stantial basis, and on as honourable terms to
the vanquished as can be granted. There is,
therefore, nothing on the political horizon to be
viewed with distrust, especially as all warlike con-
troversy appears to be conspicuous by its absence, so far
as the Black Sea question is concerned, and, consequently,
all political news is not unfavourable to the promotion of
a steady teeling upon the Stock Exchange. The discount
market, however, has been characterised by much firm-
ness to-day. Capital has been wanted, and extreme rates
have been demanded for negotiating all descriptions of
paper. For English railway stocks there has been but
little demand, but prices have ruled firm. As regards
foreign bonds French and German have been purchased at
an improvement, but Spanish have been flat. The market
for English Government securities has been quiet. Consols
have been quoted at 91k, 92 for delivery and the account.
Reduced and New Three per Cents., 92k, 92} ; Bank
Stock, 243, 245 ; Exchequer bills, 25., 7s. prem. ; India
Five per Cents. 109 k, 110, and India Bonds, 225., 275.
prem. Metropolitan Board of Works, 93k, a.
In Colonial Government securities the business doing
has been unimportant, and the movements have been

trifling.
In the market for English railway stocks the transac
tions have been very moderate, Nevertheless the tone
has been steady, and prices have been maintained. Metro-
politan; 641, 651 ; Caledonian, 871, 872 ; Brighton, 421,
431; South Eastern, 78, 781; Great Northern A, 133,
1331 ; Great Eastern, 381, 381 ; North Eastern, 1461,
1471 ; Midland, 126 a, 1261 ; North Western, 1291, 1291;
and Great Western, 731, 731.
The inquiry for Indian Railway Stocks has been
to a fair extent, and prices have been main-
tained. Bombay, Baroda, and Central India,
104 ; Ca,rnatie, 1011; East Indian, 110 ; Great Indian
Peninsula, 1051 to 1051 ; Great Southern of India, 1031 ;
Madras, 1032 ; Oude and Rohilkund, 1011 ; and Scinde,
1012 to 101 i. Canadian shares have been steady. Great
Western have risen 1, being quoted at 152 to lg.
Grand Trunk, have marked 122. For foreign bonds the
inquiry has been limited. Central Argentine, 20/, ; Great
Luxemburg have marked 12f, and Lombards, 14/.
Nothing of interest has transpired in the market for
foreign botids. The principal transactiens have been in the
French loan, which has risen to 31 38- prem. Spanish have
been flat, and prices have fallen 1 per cent., or to 30a, 301;
German Scrip has been firmer, but / higher, at 1,12
prem. Peruvian (1865) are quoted at 91, 911 ; Egyptian
(1868), 741, 75 ; Italian (1861), 541, 54k ; Turkish Five
per Cents., 414, 421; ditto (1869), 52k, 534; Mexican,
131, 14; United States Five-Twenties (1882) Bonds, 91,
911 ; ditto (.885), 901, 902.
Bank Shares have been quiet. Agra A, 9 ; Anglo
-Egyptian, 22k, 23 ; Imperial Ottoman, 111 112; London
and County, 501; London and Westminster, 621; and
Union of London, 391.
Telegraph shares have sold slowly. British-Indian
Extension, 7 13-16; British Indian Submarine, 7 346, 1 ;
Fahnouths, 91 ;"Constructions, 251, 1.
Not much business has been doing in miscellaneous se-
curities. Credit Fonder of England, 31, ; General
Credit and Discount, 7 15-16ths ; Hudson's Bay, 8 7-16th ;
National Discount, 12.
The discount market to-day has been in a very firm
state, Both at the Bank and in other quarters the de-
mand for accommodation has been active, and three
months' paper has been charged 21 per cent.
As regards the exchanges bills have been rather
offered, and the rates have been higher, with the excep-
tion, hoWever, of those on St. Petersburg and Vienna.
No bullion operations have been reported at the Bank
to-day.
At Mark-lane wheat has been dull, and prices had a
drooping tendency.
Messrs. Pixley, Abell, Langley, and Blake thus report
on the state of the bullion market :-Gold-- Our market
has been quiet during the week ; the demand for abroad
has almost entirely ceased, and of the arrivals mentioned
below, about £86,000 has been sent into the Bank.
Sovereigns have heen withdrawn for shipment to Egypt
and the Cape, the Nyanza having taken £30,000 to Alex-
andria, and the Gambia £25,000 to Natal. Silver con-
tinues in fair, but not very active, demand for Holland,
and all present arrivals are taken for transmission thither.
Mexican Dollars.-We have received during the week
about £15,000 of this coin from NeW York. There are
but few orders for China, and as a rule the coin is taken
for refining purposes.
FOREIGN ExcHANuEs.Amsterdam, three months' date,
120, 1201; ditto, short date, 11171, 11 181 ; Rotterdam,
three months', 120, 1201 ; Antwerp, ditto, 25 45, 25 50 ;
Paris, short date, 25 30, 25 45 ; ditto, three months', 25 70,
25 80 ; Marseilles, ditto, 25 70, 25 80 ; Hamburgh, ditto,
13 101, 13 11 ; Frankfort-on-the-Maine, ditto, 120/,1202 ;
Vienna, ditto, 12671, 12 721 ; Trieste, ditto, 12671, 12721;
St. Petersburgh ditto, 301, 301; Madrid, ditto, 48, 481;
Cadiz, ditto, 49, 491 ; Lisbon, 90 days' date, 522, 53 ;
Oporto, ditto, 521, 53 ; Berlin, three months' date, 6 261,
fi 271; Italy, ditto, 26 771, 26 821.

LONDON STOCK EXCHANGE.-FRIDAY.

LATEST PRICES.-AFTER OFFICIAL HOURS.

The prices under the lines indicate the business done.

GOVERNMENT SECURITIES.

Three per Cent Consols.. 911 92 Do June & Dec 1891 108 110
911. 2. / • DO
Account . ... . 911 92 Viet 6p o Jan &July 1891 113 114
Do for
Tbree perCeut Reduced 92/ 92/ DoApril &Oct 1883-85.. 112 111
• 921, 1, g Viet 5p o Jati&julylB9l. 10U1o%
New 3 per Cent ........ 921 92/ Brazilian. 1865, 5v o 931 941
92/ / 941, 7,4, 1
Exchequer Dills, March 2 7pm Egyptian 1852.. 7130 .. B3 85
PDo Rail Deben 7p c 99 100
Do. June .......... '. ... 2 7pm Italian, 1865. 5p 0
pm Peruvian. 1865. 5p a
Bank Stock ............ 911, 1, 1
ludia 5 per Cents ...... Portuguese 1869 3P c
110, 91 33, 21
Indiaßoutis .. Russian. 1862. 5 p 0..
.......... 861. 1,
.6 -

-----
20s pm •.`"i• ....
Can6po Jan&JulylB77-84 104i105i Do Nicolas 4p o ......
105/. 5 69, 81, I •n l .O.
Do March &Sept. 105 107 Spanish ............ 'v L ''',
Do 5p c Jan & July 9Bl 99i Spanish. I. i, i
981 Turkish, 1854, 6p c ...... 79 81
Do Inscribed Stook 9B 100 Do. 1865. 5i o .
Dom ....... 411 421
Do of Can 5p 0 1903 991100i 421
Ceylon 6 p c May and Do, 1865 6p c ........ 60 62
November 1878 lO7 109 63, 1
Mauritius(, p o Jan and (1.5.5.20 Boucle.° p o 1832 91 91
July 1873 lO3 105 91}
new SW alessp 01871-76 lOO 101 Do do
New Zealand 6 p o 1891 lOB 110 201. i
Do 5p o
Do 5p o Consolidated 99 100 ErieSha.loo dots, all paid
994 Illinois Central Shares .. 109 110
Vo 6p c Mar & Sept 1891 109 111 AtlanMortgagetic and (I Wlt Con
I;auds ... •.. .

5885 903 90!