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

MONETARY
REPORTS,-YESTERDAY.

The Stock Markets to-day have been in a very unsettled
state. The receipt of the telegrams from Berlin announc-

ing the terms of peace produced a panic, in conse

quence of the belief that the Prussian demands were
much too heavy to be accepted, and that therefore the
war would be continued. A general fall took place in the
value .of all classes of securities, and for
the moment the decline threatened to be severe.

However, later in the clay confidence ieturned,
doubts being entertained that the Germans would persist
in their extravagant requirements, whilst in some quarters
the veracity of the information was questioned. At the
close of the market, prices did not shew any important
movement. In railways, Caledonian, Brightonb North
Eastern, Midland, and Great Northern are lower, and
the principal speculative foreign bonds, such
as Egyptian, Italian, and Turkish, have receded
in value. French Scrip has been very unsettled.
At one time the price fell to 1 premium ; but a
recovery to la to 1.1 premium subsequently took
place. Home securities have been depressed. During the
earlier hours the price of consols fell to 91i, 91k, but at
the doe the quotation was 91i, , for delivery and
the account. Reduced and New Three per Cents., 92,
92* ; Bank Stock, 241, 243; Exchequer bills. 10s. to 15s.
prem.; India Five per Cents., 1101, 1101 ; and India
Bonds, 235. to 28s. pm.
There has been but little inquiry for English railway
stocks, and the movements have been unfavourable
throughout. The principal fall has been in Midland,
which has receded l, on the announcement that the divi-
dend will be at the rate Of only 61 per cent.
North-Eastern has relapsed 1, and Metropolitan,
Brighton and• Great Western, Metropolitan, 67 to 671 ;
Caledonian, 87g to 881 ; Brighton, 43* to 44 ; South
Eastern, 781 to 78g ; Great Northern, 134 to 135 ; Great
Eastern, 301 to 40 ; North Eastern, 116 to 146* ; Mid-
land, 127 to 127*; North Western, 129 to 129-1; and
Great Western, 721 to 72*,
Indian Railway Stocks have been dealt in cautiously.
Bombay, Baroda, and Central India, 103* ; East India
1091; Great Indian Peninsula, 1051; and Scinde, 1011.
Canadian Shares have been fiat ; Great Western, 151.
In foreign Shares next to nothing has been done ;
Antwerp and Rotterdam have marked 121; Bahia and
San Francisco, 19* ; and Lombards, 141, 15.
Foreign bonds have been subject to some rather violent
fluctuations, b 4 prices do not close at their worst. Egyp-
tian (1868) have fallen j : Italian (1861), 1 ; Turkish Five
per Cents., ; ditto (1869), ; French Scrip is about 1*
lower, at la to la prem. ; Egyptian (1868), 74 to 74/
Italian (1861), 54 to 54/ ; Spanish, 301 to 30/; Turkish
Five per Cents., 411 to 42* ; ditto (1869), 52 to 52*; Mexi-
cans, 131 tki 14 ; United States Five-twenty (1882)
Bonds, 901 to sq.
Bank shares have been quiet. Agra A have been done
at 8 9-16 ; Alliance, 12 ; Anglo-Egyptian, 221 ; Imperial
Ottoman, uf, i; Joint Stock, 371, ; Union of Aus-
tralia, 40'3/4,1 ; and Union of London, 39*.
In telegraph shares the transactions have been re-
stricted. British India Submarine, 7* ; Falmouths, 91 ;
Great Northern, 11* ; French Cables, 14 ; and West
India and Panama, 6*, 3-16. Constructions, 261, *.
Miscellaneous Securities have been neglected. Berlin
Waterworks, 16 ; Credit Foncier of England, 2a ; General
Credit and Discount, 7 0-16.
The discount market is still characterised by firmness.
Capital is by no means freely offered, and three months'
bills are not taken under 2* per cent.
Biddings for £4,000,000 in bills on India have taken
place at the Bank. The amounts allotted have been to
Calcutta £299,500, to Bombay £lOO,OOO, and to Madras
£5OO. The minimum was fixed at ls. 1011. Tenders on
Calcutta and Madras at ls. 10411. will receive about 9 per
cent., and on Bombay at that price about 32 per cent.
Tenders above that quotation will be taken in full.
At Mark-lane to-day, wheat was firm, and quite as
dear.

The fiftieth half-yearly meeting of the London, Brighton,
and South-Coast Railway Company took place on
Wednesday at the Terminus Hotel, London-bridge, Mr.
Samuel Laing in the chair. The report shewed that the
capital account had been brought to a satisfactory posi-
tion—the capital assets being more than sufficient to
meet any capital liabilities known or in prospect. There
was also an increase in the revenue, the balance
of which over the expenditure amounted to
£368,995. Added to this there was a balance from
last half-year of £4,328, making a total of £373,323.
£112,807 would be required for interest on debentures,
leaving a balance of £260,516. The preference interest
absorbed £207,042 Of this, and out of the £53,474 which
remained the directors recommended a dividend of 15s.
per cent. for the half-year, which would leave a balance of
.22,176. The New Cross accident cost the company
£74,010. The report was adopted.
At a meeting of the Bank of Egypt it was shewn that
there was a net profit for the half-year of £20,914, making,
with £9,615 brought forward, a disposable balance of
£30,529, A dividend at the rate of 10 per cent. per
annum, and a bonus of £1 10a. per share, free of income
tax, was declared, leaving £3,029 to be carried forward.
The total distribution for the year amounted to 16 per
cent., against 14 per cent. in 1869.
At a meeting of the London and Provincial Marine
Insurance Company, it was shewn that the net premiums
on insurances, with the usual deductions for returns and
re-insurances, amount to £131,780, and that after payment
of all claims, £lO,OOO, the dividends for the year
together with expenses of every description, and
the addition of £20,000 to the reserve fund,
voted at the last meeting, there remains a balance of
income in hand of £123,157, besides the paid-up
capital and reserve fund, amounting to £145,000. It was,
proposed to pay interest for the half-year at the rate of 10
per cent. per annum free of income tax, and to add
£15,000 to the reserve fund, increasing it to £60,000.
At a meeting of the Thetis Marine Insurance Company
(Limited), the payment of interest at the rate of 5 per
cent. per annum for the period ending the 31st ult. was
declared. •
The traffic return of the Caledonian Railway chews an
Increase of £3,100 ; the Midland an increase of 22,603;
and the North-Eastern an increase of £5,871. The
Demerara Railway traffic for the three weeks ending
December 31st increased by $1,562.

LONDON STOCK EXOHANO E.- WEDNESDAY

4

LATEST PRICES. -7-AFT Elt 0 FFIC [AL 110 U

The prices under the Iluea indicate the business done,

GOVERNMENT SECURITIES.

fbcee yer Cent Consols 919 92 Doiturll AtOet 1883-85 112 113
92, 19, 2 1129. 1
1)o for Account
919 1012, 2
Three pet Cent Reduced 919 92 Brazilian, 1865, 5D 0 .... 939 94
92, 9, 9 939. 49
New 3 per Cent
929, 19, 29, 2 Do Rail Dobeu 7u c .. 9991009
Exchequer Dille. March 10 15pm
lOs pla Italian, 1365. 5 p o
Do, June ............. 10 15pm Peruvian, 1865, 5p e
10s pm. 909, 9), 1
Bank Stock - Portuguese 1860 3pc .. 319 321
ludia 5 per Cents
1101, 9, 1 59
India Don& - Do Nicoias 4Lio ~
Pm 63, 9
Can 6 poJainikJulylB77-84 104 R 5 Spanish
Do March &Sept. 104 106 301, 1, 1. 30
Do 5p c Jan tit July .. 98 99 Turkish, 1854, 1, D 0 79 Si
889. I. i Do, 18'45. 5 p e
Do Inscribed Stock .. 97 99 CI 39, 1
Dom of Can 5p o 1903 .. 99 100 Do, 1865 6p 0
Ceylon 6 p c May and 63, 19
November 1878 ....... . 106 103 U.S. 5-20 lim • ,
9i5.6 ii o 1331 901 90i
Mauritius I p o Jan and M. 1, . 9
July 1873 lO2 104 Do do 1885 90 901
New SlValess p 01871-76 lOO 101 901, 892
Do 10.10 Blida, 5 p.i WI 89 899
1001
New Zealand 6 p cIS9I lOB 110 899, 9
Do spo
Do 5p 0 Consolidated 99 100 Illinois Central Share).. 10391109
999. 1110, 99
Do 6p c Mar &Sept 1891 109 111 Atlantic and ll V.' 11 Con
Do June Sr DclB9l 108 110 Mortgage Bonds —
Viet 6ue Jan &July 1891 113 114

. 67i 68

313

61 63

RAILWAYS.

59 CO

101 ►O2

Atlantic a

Eristol and Kreter 9l 93 Do lat Pref 80nd5....
Caledonian
871, 4 Do 2tid Pref Bonds .. 42 43
Great Eastern
393, S. 40, ni, i Do 3rd Pref Stock .... 31 33
Great Northern
Do A 1331125343 4th Prat-Stock
134 Great Indian Pon g 5" o 105 106
Great Western 72 723 1053
723 Great Western of Canada 153 153
Lancashire 14 Yorkshire F 5 136 153, 3
136 1)o 6p c Bonds. 1871.. 99 100
Lou, Brigh, and S Coast 433 433 Do 34 do, 1877-8 95 97
433, ), 6, 3 Do 5 p a ore. Milted 81) par 201.1
Lou, Chat, and Dover .. 14 143 Madras guar si; c
141 3 1033. 3
Lou and North-Western 129 1291 N. Rahway of Canada.
1291 83, 91 6p a Ist Pref Bonds
Lou and South-Western 93 94 Dude and Itoliiikund I;
Man, Slier, and Linwlu 45 453 5U 0
45, 3x(' 1013
metropolitan ..... .... 1)33 671 Bcinde, Pit njanb, and
673. 7 Deltti guar 5 p a
Midland . • 127 1271 1011
1271, 3. 7. 1 Bahia ana :lan Francisco
North British
N urtb-Eastern Consols.. 14581161 193
1463, I, 6, N. 6 Belgian E Junction
0 :Al VI-Ea-Ste/1U .......... 773 78 Buenos AyresArid Wl4 t Zithrti3
101 !.,2932
ZS, 3.71 Dunitepk 181
~
.tic seri St Lalt-rics) 76 78 Dutch-lthentBlt ., 12 '22
773 223 1
Mnifbay, DIM ti,, ILI: a E aZterlt of Fravoe ..
Central I ndia, gsp 0_ 108 104 Great to
1031 121
Buff and Lalte Ilurou ~ 41 43 Lt.:nib:mg Ozornowit.:,4tis
Do 53 pc 80nd5,1872-3-4 80 82 7D0i.4..i. i e :• o i .... 15,1 163

1:4

16 20
12.1 121