The Sun.
London, England, 1871-01-07 00:00:00

MONETARY REPORTS,--YESTERDAY.

In the Stock Exchange to-day the business has been
very moderate. In all classes of securities the
transactions have been on a limited scale, and prices have
been without movement of importance. As regards rail-
ways, South-Eastern, Great Northern A, and Great
Eastern have been rather better, but Midland, North-
Western, and Great Western have receded in value. In
the foreign bond market the fluctuations have been
trifling. Consols have been quiet, at 92, 92i for delivery.
and 92 1-16, 92 3-16 for February ; Reduced and New
Three per Cents., 91k, 92; Bank stock, 232, 234 ;
Exchequer Bills, 10s. to 15s. prem. ; India Five per Cents.
have been done at 110, 110} ex div. ; and India Bonds,
225. to 275. piem.

The market for English railway stocks has been in an
unsettled state, but the movements have been about
evenly balanced. Great Northern A has risen 1,
South Eastern 1, and Great Eastern 1, but
Midland, North Western, and Great Western have
receded 1 ; Metropolitan, 631, 64 ; Caledonian, 87, 871 ;
Brighton, 411, 411 ; South Eastern, 761, 76/ ; Great
Northern A, 136, 1361; Great Eastern, 39a, 391 ; North
Eastern, 1451, 146 ; Midland, 1291, 1291 ; North
Western, 1291, 1291; and Great Western, 72, 721.
Indian railway stocks have sold slowly. Bombay
Baroda, and Central India, 1031 xd. ; East Indian, 1081,
1 xd. ; Great Southern of India, 1021; Scinde, 101.
Canadian shares have been flat. For foreign shares there
has been a moderate demand. Recife and San Francisco
have risen / or to 141 to 151. Lombards have marked
141, San Paulo, 211, and Central Argentine, 20/.
The foreign bond market has been characterised
by quietness. At the commencement of busi-
ness, the tone was firm, and prices had an
upward tendency. Spanish opened at a fractional
improvement, which, howeve, was subsequently
lost, the closing quotation being 291, 29/ ; Turkish
Five per Cents. have been I better at 43i to 431 ; Peru-
vian, 1865, are quoted at 901 to 901 ex. div. ; Egyptian,
1868, 78 to 781; Italian, 1861, 53i to 541; Turkish, 1869,
501 to 501; Mexican, 131 to 141; United States Five-
Twenty, 1882, Bonds, 891 to 891; ditto, 1885, 891 to
891 ; French Scrip, 1 to 11 die. ; and German, 11 to 2
prem.
Bank shares have been quiet. Imperial Loan marked
171; Imperial Ottoman, 111 ex div.; Loadon and West-
minster, 641,1, and Oriental 41.
Telegraph shares have been flat. Anglo-American have
been 1 lower, at 75, 77 ; British Indian Submarine,
6 15-16 ex div.; Falmouths, 81, 9 ; French Cables, 131 ;
Hooper's 61; Silver's, 451 ; and Constructions, 24k, /.
In Miscellaneous securities transactions have been
restricted. City offices, 10 ; Fore-street Warehouse, 21
211; Peninsular and Oriental Steam, 461, 471.
No bullion operations have been reported at the Bank
to-day. _ .

As regards the exchanges, bills on Vienna are in re-
quest, and the rates are easier.
We are requested to state that, owing to a slight in-

formality in connection with the Brazilian law, which
has been made in the prospectus of the Porto Alesse
Brazilian Railway Company, but which does not in any
way affect the value of the enterprise, the board of
directors have determined to return the deposit at once,
and to offer the preference capital for subscription again
in the course of a few days.
In the discount market business has been on a limited
scale. There has been but little inquiry for accommoda-
tion, whilst the supply of capital is more extensive. The
rate for negotiating three months' paper has been 2i, 2i
per cent. .

Messrs. Pixley, Abell, Langley, and Blake thus report
on the state of the bullion market :—Gold : The large
amount by- the Overland Mail has been delivered this
week, and, as we anticipated, has all been sold for the
Continent. The other arrivals have been small, com-
prising only £16,000, per Mary Shepherd from Auckland,
and £2,000 per McGregor Laird, from Africa. These
have also been taken for export, and the demand still
exists, although we think not to such a great extent as In
the early part of the week. The transactions at the Bank
consist only of an influx of £40,000 and a withdrawal of
£lO,OOO, sovereigns, sent part to Egypt, and part to the
West Indies. Silver continues in good demand, but with-
out any rise in price, which remains at old. to
601 d. per ounce standard. We have received about £50,000
from New York and about £190,000 from India and China;
this latter sum consisted of Dore silver and was placed
at 61 1-16 d. per oz. standard, but transactions have since
taken place at 61d. per oz. standard.
Mexican dollars continue in fair demand, but are taken
chiefly for refining purposes, the orders for China being
but very small. The price remains at 58 d. and 582 d.
per oz. for the old and new coinages respectively.
FOREIGN EXCHANGES.—BeIgium, three months' date,
25 32k, 25 37/ ; Phris, short date, nominal ; ditto, three
months' date, nominal ; Marseilles, ditto, 25 45, 25 50;
Italy, ditto, 26 85, 26 90 ; Holland, short date, 11 17,
11 18 ; ditto, three months' date, 11 191, 12 00 ;
Hamburgh, ditto, 13 10-1, 13 10/ ; Frankfort-on-the-Maine,
ditto, 1201, 1201 ; Berlin, ditto, 6 26/, 6 27 ; Vienna
and Trieste, ditto, 12 72/, 12 77/ ; St. Petersburgh,
ditto, 292, 291 ; Madrid, ditto, 49/, 49} ; Barcelona,
ditto, 49i, 491 ; Cadiz, ditto, 49-2, 49/ ; Lisbon, 90 days'
date, and Oporto, ditto, 521, 521.

LONDON STOCK EXCHANGE.-FRIDAY.

LATEST PRICES.-AFTER OFFICIAL HOURS.

The prices under the lines indicate the business done.

GOVERNMENT SECURITIES.

Three p 52 er C
Account
Consols 92 921 DoAprlil &Octl 1883.85.. 11111123
1 x d 123, ,
Do for 92 921 Vict 5p c Jan& JulylB94. 101 102
923, 1 x d 1011 x d
Three per Cent Reduced 92 921 Brazilian, 1865,
-1 spa .... 92 93
92, 1. 11 921, 1,
New 3 per Cent
921, 11. 21 Do Rail Deben 7p a .. 99 100
Exchequer Bills, March 10 15pm 291. 4. 1, i x d
pm Italian, 1865, 5p a
Do, June lO 15pru Peruvian, 1865, 5p a .. • • 895 001
140 pm 901, 3, 893, fli x d
Bank Stock
31 x d
India 5 per Cents
1101, 10 x d RussianB43. 1862, 5 p a.. .. 83 85
I ndia Bonds — 66 67
Do Nicolas 4 p c
265. 25s pm
Can 6pa Jan&Julyll77-84 10331043 663, I 29* 30
Do March & Sept. 104 106 Spanish
Do 5p a Jan & July .. 97 98 291, 1,8, 3 x d
971, 8x d Turkish. 1854, tip c
Do Inscribed Stock .. 96 98 78 431 44
961, 71 x d Do, 1865. 5 p 0
Dom of Can 5p c 1903 ' . 98 100 431, 3
Ceylon 6 p c May and Do, 1865 6 p a
November 1878 lO6 108 583 x d
Mauritius I. pc Jan and U. 8.5-20 Bouds,6p o 1883 89/ 891
July 1873 lOl 103 891. I
New SNV ales 5 p clB7l-76 993 1003 Do do 1885 891 891
New Zealand 6 p c 1891 lO6 108 891, 1
Do 5p a
Do 5p e Consolidated 100 101 871, 81
1001 ErieSha, 100 dots, all paid
Do 6p c Mar &Sept 1891 109 111 Illinois Central Shares .. 114 115
Do June & DeclB9l 108 110 1141, 3, 1
V ict 6p c Jau & July 1891 113 114 Atlantic and (I W R Con
Mortgage Bonds