The Sun.
London, England, 1871-01-02 00:00:00

MONETARY REPORTS.-SATTIRDAY.

The tone of the stock markets to-day has on
the whole decidedly improved. Exception must
be taken, however, to Spanish, which, owing to
sinister rumours afloat with reference to the payments of
the dividends, and which, so far as can be at present
ascertoined, are without foundation, have experienced a
heavy reduction. It appears that the financial agents for
the Spanish Government have, in consequence of the
large supplies of stock in this country, the result
of the investment of Paris, had so many coupons lodged
with them to-day that they have been compelled to
decline receiving any more until Monday, and
this has been construed by some Stock Exchange
speculators into a refusal to meet the coupons,
At the same time it is very evident that owing to the
interrupted communication with thiSpanish capital some
delay will occur in arranging matters. As regards other
foreign bonds, Italian have been better, but Peruvian
and Turkish have been rather easier. In the
railway market, Metropolitan, Great Northern A, Great
Eastern, and Great Western have been higher in value,
but Brighton has slightly receded in price. Consols have
been firm, and * per cent. higher, at 9111, 92 ex div. for
delivery and the January account, and 92, 92i for February,
Reduced and New Three per Cents., 91, 91i ; Bank
stock, 232, 233; Exchequer bills, 10s. to 15s. prem.;
India Five per Cents. have bsen done at 110, 110*, and
India Bonds, 225. to 275. prem.; Colonial Government
securities have been steady in value, with a limited in-
quiry.
English railway stocks have been firm. Metropolitan
at 63, 63*; Great Northern A at 135/, 1361; and Great
Western at 72k, 73 have been / better ; whilst Great
Eastern at 391, 391 shews a rise of *. On the other
hand Brighton has receded *, being quoted at 41, 41ft ;
Caledonian, 86}, 87 ; South-Eastern, 75, 75* ; Great-
Northern, 124, 125 ; North-Eastern, 145, 1451 ; Midland,
130, 130 k; North-Eastern, 129/, 1291.
Indian railway stocks have been quiet. East Indian,
108 ; Great Indian Peninsula, 105 k. Canadian shares
have sold slowly. Grand Trunk, 12*, ; Great Western,
151,1. Foreign shares have been flat. Great Luxem-
burg, 11f, ; and San Paulo, 21g.
With reference to foreign bonds, the principal alteration
has been in Spanish, which have fallen per cent, being
quoted at 282, 29 ex div., after being dealt in as low as
28, 281; Peruvian (1865), at 92k, 922 ex drawing,
and Turkish Five per Cents, at 432, 44, are
respectively / and * per cent. lower. French Scrip
has been firmer at IL, dis. ; and the North German, at
par.; Egyptian (1868) are quoted at 77i, 78 ; Turkish
(1865), 61*, 62 ; ditto (1869), 50, 50* : United States
Five-Twenty (1882), Bonds, 891, 891; ditto (1885),
88i, 89.
The telegraph market has been firmer. Anglo-Ameri-
can have been 1* better, at 75, 76 ; and British Indian
Submarine *, at 6}, 6 ex-div. Telegraph Construction,
at 24/, 24k, shew a rise of I.
Bank shares have been steady in value, but the demand
for them has not been active. Imperial Ottoman have
marked 11k, *; London and County, 501; London Joint
Stock, 34.
Miscellaneous securities have been cautiously dealt in,
and the fluctuations have been trifling.
The discount market has been sparingly supplied with
capital. There has been a good demand for accommoda-
tion, and three months' paper has been charged 2* per
cent

The Delhi has taken out £5,195 for Bombay.
Monday next will be kept as a close holiday at the
Stock Evchange, and in the city generally there will be
little business.

LONDON STOCK EXCHANGE.-SATURDAY

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