The Sun.
London, England, 1871-02-20 00:00:00

MONETARY REPORTS.-SAT lIRD AY.

There has been absence of any important feature in the
Stock Exchange to-day. In all classes of securities the
business doing has been very moderate, and the fluctua-
tions in prices have been trifling. There has not been
much inquiry for English railways. A slight improve-
ment has taken place in Great Northern A,
South-Eastern, and Midland ; but Brighton has
been easier. As regards foreign bonds, Brazilian
and Spanish have risen in value, but Turkish, Egyptian,
and United States Five-Twenty Bonds have declined.
English Government Securities have been quiet. Consoli
have been quoted at 911 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/, 110 ; and India Bonds, 18s., 235.
prem. Metropolitan Board of Works, 92/.
Not much business has been doing in English railway
stocks, and the fluctuations have been trifling. South-
Eastern, Great Northern A, and Midland have risen /,
but Brighton stock has been / lower. After official hours
Metropolitan was quoted at 658, 658; Caledonian, 87, 871;
Brighton, 43, 43/ ; South Eastern, 78, 788 ; Great
Northern, 125, 126 ; ditto A, 133/, 1331 ; Great Eastern,
381, 38k ; North-Eastern, 146/447/ ; Midland, 126 k, 127 i;
North-Western, 1298, 1298 ; and Great Western,
73k, 731
The demand for Indian railway stocks has been inac-
tive. East Indian, 109 k, 1094 ; Great Indian Peninsula,
1052 ; Great Southern of India, 103 ; Madras, 1038, 103/ ;
Oude and Rohilkund, 101 k; and Scinde, 1011, 101/.
Canada shares have been in limited request ; Great
Western, 15/, 15k. There has been little inquiry for
foreign shares ; Lombardo have been steady at 142, 14/.
The foreign bond market has been in an unsettled state,
but prices have shewn no quotable alteration. Brazilian
(1865) have risen /, and Spanish k, but Egyptian and
Turkish have been k lower. After official hours Brazilian
(1865) were quoted at 94/, 94/ ; Peruvian (1865) 91, 912 ;
Egyptian (1868) 741, 748; ditto Nine per Cents, 971, 98;
Italian (1861), 54k, 541 ; Spanish, 301, 308 ; Turkish (1865),
61, 612 ; ditto Five per Cents., 412, 419 ; ditto (1869), 52k,
52/ ; Mexican, 13i, ; United States Five-twenty
(1882) Bonds, 91, 91/ ; ditto (1815), 902 90/ ; The French
loan has closed at 88k, 888 ; and the new German at
1, 1 prem.
Bank shares have been dealt in cautiously, but the
securities of thq leading undertakings have been well sup-
ported. Agra A, 9 ; Chartered Mercantile •of India,
London and China, 24/ ; Consolidated, 4k ; Imperial
Ottoman, ni ; London and County, 501, ; Joint Stock,
37k ; and Union of London, 391
Transactions in telegraph shares have been limited.
Anglo-American, 75/, 62 ; British Australian, 4k, 3-16;
British Indian Extenaion, 711-16, 13-16 ; Falmouths, 9/ ;
and French Cables, 14 ; Hooper's have been flat, and k
lower, at 58, 6 ; Constructions are quoted at 25, 2512.
Miscellaneous Securities have been dull. Credit Fon-
cior of England, 3, 4 ; Fore Street Warehouse, 7/ prem.;
Hudson's Bay, 8, I; London Financial Association, 112 ;
National Discount, 12 ; Royal Mail Steam, 61/.
There has been a limited supply of capital on offer. The
demand for accommodation has been strong, and three
months' paper has not been taken under 21 per cent.
The Perk takes out £41,308 for India and China.
The report of the Credit Foncier of England (Limited
and Reduced), to be presented on the 23rd instant, shews
a net profit for the half year of £27,179. The total
amount available for distribution is £41,149, out of which
a dividend at the rate of 5 per cent. for the half year is
recommended, which will absorb' £25,000, and leave
£16,149 to be carried forward.
The directors of the Southampton Dock Company
recommend a dividend of 4 per cent. for the half year.
It is understood that the Ist of March has been ap-
pointed by Lord Justice James for hearing the case of
the Albert Life Office reconstruction plan prepared by
the committee,. of which Mr. James Thomson is chair-
man.
The following is the report of the Patent Nut and Bolt
Company, Limited The directors beg to hand to the
shareholder's herewith their annual balance sheet, shewing
the position of the company on the 31st December last.
It will be seen that the result of the year's
operations (ample provision having having been trade
for bad and doubtful debts), yields a net prat of
£22,550 13s. 3d., which, added to the balance of
£4,348 14s. 11d. from previous year, gives an available
sum of £26,899 Bs. 7d. The directors propose that a
dividend at the rate of 72 per cent. per annum shall be
paid for the past half-year, which, with the interim divi-
dend at the same rate paid for the previous half-year,
will amount to £lB,OOO. They also propOse that the
sum of 5,000 shall be added to the fund for depre-
ciatiation, thus raising the amount of that fund to
£30,115 16s. 10d., and to carry forward the balance
of £3,899 Bs. 7d. to next account. The valuation
of the stock at the several works has been made by
Messrs. May and Mountain, of Birmingham, as before,
and they have given their certificate that the amount of
the same is as stated in the balance sheet. The directors
retiring by rotation are Mr. Alderman Pochin, S. de la
Grange Williams, jun., gsq., and William Burford,
Esq., who, being eligible, offer themselves for re-elec-
tion.—Samuel Thornton, chairman ; W. F. Jones,
secretary."
The following is the report of the Birmingham Waggon
Company (Limited), to be presented on the 24th inst. :
" Your directors have the pleasure of submitting the
accounts for the year 1870, which, in face of the continued
depression of trade and increased competition in waggon
building, they regard as satisfactory. Including the amount
brought forward, the balance of the revenue account (after
making provision for bad and doubtful debts) is
£32,641 2s. 10d., and deducting the interim dividend of
10 per cent. per annum on the ordinary capital, and fixed
charges paid in August last, a balance of £22,937 Is. 10d.
remains, which it is proposed to appropriate in the follow-
ing manner—viz., £6,747 16s. in pay
mts turd of y
a
dividend of 10 per cent per annum on tinar
capital, and £2,950 in payment of 6 per cent per
annum on the preference shares for the
andpast
half-year; £3,210 for depreciation of building
machinery ; £8,197 6s. 7d. to the reserve and deprecia-
tion fund ; and £1,831 19s. 3d. to credit of revenve
of the current year. The amount proposed to be added
to the reserve and depreciation fund will, with its earn-
ings, increase it from £60,500 to £70,000. The stock of
waggons now held by the company is 6,678, which are all
let. A large number of waggons have been renewed
during the year, and the eost charged to revenue. The
retiring directors are Mr. R. L. Baker and Mr. T.
Pickard, who are eligible for re-election. William
Middlemare, chairman."

I.ONDON STOOK EXCHANGE.-SATURDAY.

LATEST PRICES. —AFT ER 0 F E 110 Iti.
The Feces under the lines indicate the business done.