The Sun.
London, England, 1871-02-23 00:00:00

moNEWA.I3,Y RNPORTS.—YESTERDAY.

Considerable 'firmness has been noticed in the Stock
*Exchange to-day, Business his been entered into with
increased freedom, and a general advance has ensued. The
market for English railway stocks has been favourably
affected by the heavier traffic receipts. A further im-
portant enhancement has been noticed in Greit-NVesterri,
and the value of all other stocks has improved hi sympa-
thy. As regards foreign 'bonds the tone has been
satisfectory, and a fractional advance has again been ob-
servable.

English Government securities have continued steady.
Consols have been firm at 91k, 92, for delivery and the
account. Reduced and New Three per Cents., 921-, 92a ;
Bank stock, 244, 246; Exchequer Bills, 4s. to N. I)rem.
India Five per Cents, 1091, 110 ; a,nd India Bonds 20s.
255. rrem.
7.11 e market for English railway stocks has been in a
-steady state, and a general advance has taken place in
values. Metropolitan has risen f, Caledonian 2, Brigh-
ten 1, North Eastern I, Midland 1, North Western 1,
end Great Western It Metropolitan is quoted at
‘66, 06i; Caledonian, 87, 88; Brighton, 43, 431; South
Eastern, 781, 782 ; Great Northern A, 133, 1341 ;
Great Eastern, 381382 ; North-Eastern, 1471, 147 i ; Mid-
land, 127, 1274 ; North-Western, 1291, not ; and
Great Western, 762, 77.
Indian Railway Stocks have been in limited request

Bombay, Baroda, and Central India, 1031 East Indian,
1091, 110 ; Great Indian Peninsula, 105 L : Madras,
1031, i; and Seinde, 1041, I. For Canadian shares the
demand has been firmer. Grand Trunk, 12i ; Great
Western, 15,i, I. Foreign shares have been steady.
Bahia and San Francisco, 191, and San Paulo, 21/.
For foreign bonds the inquiry has been in a healthy
state, and prices have improved in most instances. Peruvian
(1865) have risen 1; Egyptian (1868), * ; Italian (1861),1';
Spanish, *; Turkish Five per Cents., 1 ; ditto (1869), i;
United States Five-Twenty bonds, *; French, g ; and
German, 1; Peruvian (1865) are quoted at 91, 911;
Egyptian (1868), 741, 74 ; Italian (1861), MC 54g ;
Spanish, 30 7-16, 30 9.16 ; Turkish Five per cents, 41k,
411-7, ditto (1869), 52k, 522; ; French, 88k, 88i ; German,
24, 21 prem. ; United States Five-Twenty (1882) bonds,
91, 911 ; ditto (1885), 914, 90g.
There has been very little inquiry for bank shares.
Prices, however, have been steady. Anglo-Egyptian,
221, 23; Consolidated, 45 ; Imperial Ottoman, 11i ; Lon-
don end County, 50i ; Joint Stock, 38 ; London and West-
minster, 621 ; and Union of London, 39k, 40.
Telegraph shares have been in but moderate request.
British Indian Submarine, 7 ; Falmouth, 9a, ; French
Cables, 13i ; Silver's India Rubber, 511, t. Construc-
tions have risen 1, being quoted at 26, 261.
Miscellaneous securities have been quietly dealt in.
Credit Fonder of England, n 3-16 ; London Financial,
; National Discount, 12.
There have been no bullion operations at the Bank to-
day.
The City of Brussels from New York, has brought
298,350 in specie.
At Mark-lane to-day, wheat was dull, but without
further change.
The traffic receipt's of the Midland shew an increase of
£5,640. of the Isiorth-Eastern an increase of £6,987, Cale-
donian an increase of £2,100, Great Western an increase
ofi 27,600, and North Western an increase of £8,178.
A fair: demand is still experienced for money, and three
monens' paper is unchanged at 21 per cent.
The directors of the Commercial Union Assurance Com-
pany have resolved to recommend a dividend of £lO per
cent., making, with the interim dividend paid in
September, 121 per cent. for the year, and an addition of
£30,000 to the reserve fund, leaving £12,952 to be carried

LONDON STOCK EXCHANGE.-WEDNEBDAy

LATEST PEJO ES. —AFT Ell 0 liTI() lAL II() If
The prices under the lines indicate the business done,

GOVERNAIENT SECURITIES.

forward.
The report of the Telegraph Construction and Main
tenaece Company (Limited), to be presented on the 28th
inst., shews an available balance of £170,646, proposed to
be divided as follows :-244,820, being £1 4s. per share in
cash ; and £112,050, being £3 per share, represented by
fully paid-up shares in submarine telegraph companies at
par, at which they have hitherto been credited to profit and
loss account, leaving a balance of £13,776 to be carried
forward, credited to the profit and loss account. The
contracts in hand for the year 1871 consist of the China
Submarine Telegraph Company's cable, to he laid
between Singapore and Hongkong, and the British
Australian Telegraph Company's cable, between
Java and Port Darioni, Australia. The China
cable is all embarked, and the ships are on
their way out, to submerge it during the month of
May. The Australian cable will be duly despatched in
time to complete the laying by Christmas next. The
shares to be put into trust are understood to consist of
French Atlantic, British Indian, Marseilles and Algiers,
and British Indian Extension, and the following plan of
arrangement is described which seems well calculated to
facilitate the realisation of them on the best terms.
The seventeenth annual report of the directors of the
Temperance Permanent Land and Building Society is
favourable ; 12,366 new shares have been issued during the
past year. The sum advanced on houses was £176,000,
thereby increasing the total amount advanced on
houses since the formation of the society to
£1,546,000. At the close of the year, as shewn by
the balance-sheet, the principal accounts were as follows :
Amount at the credit of investing members for subscrip-
tions was £65,000, and for profit £60,000. Amount at the
credit of depositors, £123,000. Amount secured on mort-
gage of houses and interest due thereon, £740,000. Cash at
bankers, £57,000. Investedin consols, £20,000; reserve fund
account, £61,000. The assets amounted to £900,000.
The directors have again been able to appropriate profit to
investing shareholders, at the same rate -as in preceding
years, viz., 7i per cent. per annum, on the subscriptions
at the credit of the shares id force. They have also
apportioned profit on uncompleted shares withdrawn
during the year (in addition to the profit paid on with-
drawal) at the rate of 4 per cent. per annum, for the
portion of the year expired prior to the receipt of the
notice of withdrawal.
The directors of the Indo-European Telegraph Com-
pany state in their report that cheering results are ex-
pected from the increase of tariff
.for messages to India,
which was enforced on February 15th. The number of
messages from England to India will, it is calculated,
render the company'slines remunerative. The directors hope
that the result of this step; coqpled with the precautionary
measure to duplicate the difficult portion of line over the
Caucasus, will contribute to place the company on a sound
footing. Every exertion is being made to reduce the
charges upon the company's revenues to a minimum, and
to economise in the working expenses. The gross revenue
of the company for the past year, under the old system
of tariff, amounts to £25,268 is. 3d., and the expenses,
including maintenance, to £25,268 is. 3d.
Jay, Cooke, McCulloch and Co.'s circular of February
21st says the export of specie from New York, from
January Ist to last mail dates, is about 1,000,000 dollars
in excess of last year. Foreign exchange has ruled firm,
though at the time of writing it was easier owing to a
large lot of bills drawn against the new loan of the Cam-
den and Amboy Railway. There had been a revival in
the European demand for American securities, 5,000,000
dollars of stocks and bonds having been shipped from New
York since January Ist. Exports are 6,665,000 dollars
more than in 1870, and imports only 2,846,000 dollars.
Indications for the spring trade were good. Stocks light,
and manufactures kept within cautious limits, and stocks
of groceries would seem to call for liberal imports in that
line. T.T.S. Bonds continued in active demand, partly
owing to the rise in gold, as also to the announcement of
the early introduction of the new loans under the Funding
Bill, which from the reception they have generally
met with, there is every reason to expect will be easily
negotiated. The cotton crop is now estimated at
3,800',000 bales, and while it is feared that owing to the
unprofitableness of the present crop to the planters a
similar crop may not be planted next year, experience
shews that while the poorer planters hold off the wealthier
plant in larger quantities and so supply any deficit that
may arise.

rim.. per Cent Consols 911 92 1 lohipril &Oct 1883-!'n . . 112
92, 1/, 2i. li il3
Do for Accouut
92 Braziliau.lB6s, 5 p o ..
Thee per Cent Reduced 921 922 94
921, I Egyptian 1862. 7oc • • • • " 86
New 3 per Cent
9a I. i Do RAH ()ellen 7p o .. 99 130
EXCbegllel 11111 s. March 4 9pin 99t, , 2
. 4s, 78 pm Italian. 1865. 5 p o
Do, Juue 4 9pln Peruvian. 1855. 5n o .... 901 9:
, 96 pm 901, 11. 901
Bank Stock
243 321, 31, 21
ludia 5 per Ceuta
109, 86'
India Bonds — Do Nicolas 4p a
pm 69 .