The Sun.
London, England, 1870-07-22 00:00:00

MONETARY REPORTS.-YESTERDAY.

Notwithstanding the rise in the bank rate, and the
absence of any attempt at activity in the demand, the
stock markets have been firmer to-day, and although at
the commencement of business there was every indication
of a renewal of depression, the tone eventually became
firmer, and a partial recovery ensued. This has been in a
great measure owing to the fact that numerous small
investments have been made, the low prices offering
a great attraction. There is still, however, a superabun-
dance of stock in the market, and dealers are
still unwilling to operate to any extent. In the foreign
bond market there has been an improved inquiry for
Spanish, and a fractional advance has been established.
The railway market also has been rather firmer,
and North-Eastern stock has risen 1 per cent. In
the Consol market more animation has been noticed, and
a recovery of per cent. has taken place, the quotation
for money and account being 89 to 90; Reduced and
New Three per Cents., 89i to 90 ; Bank Stock, 232 to 234;
India Five per Cents., 1101 to 111; and India Bonds,

21s. to 265. prem. ; Exchequer Bills, ls. to 6s. prem.
For foreign bonds there has been more inquiry, and
although business has still been confined to within very
moderate limits, the tendency has been more favourable.
Spanish have c mmanded the largest share of attention,
and have risen i. Italians also have been i better, and
the United States Five-Twenty Bonds have been firm at
Bd. Spanish (1867 and 1869) are quoted at 24 ; Italian at
44i ; Turkish Five per Cents at 36 ; and Egyptian (1868)
at 66k.

The feature in the market for English railway stocks has
been the inquiry for North-Eastern, resulting in an im-
provement of 1. Great Eastern also have been in request,
at an advance of Caledonian has been steady, and
Brighton has been rather better. Metropolitan has risen
Brighton Great Eastern 2, Midland 1, North-Western
li, and North-Eastern 1.

For Indian railway stocks there has been but little in-
quiry. Eastern Bengal and East Indian have fallen i.
Canadian shares have been dull. In foreign shares very
little business has been doing, and prices have been with-
out change.

Bank Shares have been dealt in to a very moderate ex-
tent. London and County have fallen I.
In Telegraph Shares very few transactions have taken
place. British Indian Submarine have fallen *, and
Falmouths

Miscellaneous Securities have been neglected. Hudson's
Bay have fallen*, and India Rubber 1.

The bullion operations at the Bank to-day comprised
the withdrawal of £75,000 in sovereigns for Germany,
and £lO,OOO in bars.

The steamers, which left New York yesterday, took
out £500,000 for Europe.

The Paris Exchange has fallen to 25.06, at which quo-
tation there is a profit on export of bullion from this

country.

Silver has been firm at aid. per ounce for bars.
At a meeting of the Alliance Bank a dividend at the
rate of 4 per cent. per annum was declared.
In sympathy with the advance in the Bank rate, the
Government Stock, banks. and discount houses have given
notice that the rate of deposit for money at call will be
increased from 2 to 2f ; at seven days' notice from 2} to
; and at fourteen days' notice from 2i to 3 per cent.
The Bankers' Clearing House return for the week
ending July 20 shows a total of over £1.00,000,000.
The failure is announced of Mr. R. A. Watson, timber
merchant, Great Crosshall-street, Liver} .001, with liabilities
for about £30,000.

The return of the Bank of England shews the following
results, when compared with the previous week : An
increase in circulation of £351,076 ; a decrease in
public deposits of £267,889; an increase in other deposits
of £1,076,941 ; an increase in Government securities of
£14,338 ; an increase in other securities of £1,739,860 ;
a decrease in bullion of £564,224; an increase of rest
of £29,792; a decrease in reserve of £924,433. The
circulation, including post bills, is now £24,704,289 ;
public deposits amount to £5,670,324 ; and private
deposits to £19,808,575. The securities held represent
£33,127,673; and the stock of bullion is £20,440,515. The
rest figures for £3,385,000.

The Bank directors have to-day raised the official
minimum from 3, the quotation which has been current
since the commencement of November, 1869, to 3} per
cent. This movement, however, must be regarded merely
as precautionary, as the position of the establishment is
still inherently strong. In the general market to-day
the demand for accommodation has been steady, and three
months' paper has been charged 3 per cent.
The report of the National Bank, to be presented on
the 26th instant, shews an available total of £59,532. A
dividend of 21s. per share, being at the rate of 7 per cent.
per annum, is recommended. The appropriation of
£5,000 to reserve, leaving £2,032 to be carried forward.
At the corresponding period last year the dividend was
at the rate of 5 per cent. per annum. The deposits held
are £5,104,114, being an increase of £482,401; and the
reserve is £64,532.

At a meeting of the London Life Assurance Associa-
tion, the new assurances of the past year were stated to
have been for £302,050, yielding in annual premiums
£10,405. The accumulated fund is £3,058,759.

At a meeting of the London Joint-Stock Bank, the
directors report, of which the following is an extract,
was adopted :—After providing for rebate of interest
on bills discounted, not yet due, and crediting
the guarantee fund with £6,322 12s. ld. for
six months' interest, a net profit has been realised of
£91,56010d. Of this Enarn the directors have appropriated
£87,000 to the payment of the usual dividend at the rate
of 12i per centum per annum on £1,200,000 the present
paid-up capital of the Bank, with a bonus of 3s. per
share, leaving a balance of £4,560 10d. to be carried
forward to profit and loss new account; The guarantee
fund with its accrued interest now stands at £427,829
14s. 2d.

LONDON STOCK EXCHANGE.-THURSDAY.

LATEST PRICES.-AFTER OFFICIAL HOURS.

The prices under the lines indicate the business done.

GCVERNMENT SECURITIES.

Three per Cent Consols 891 90 Brazilian, 1865, 5p c .... 85 88
54 i 1, I 1. i. 4, 50 85
Do for Account
891, j, 4, 90 64, 51, 5,7, 6,7, 5, 61 x d
Three per Cent Reduced 891 90 Do Rail Deben 7 p .. 89 91
891,4 94, 3
New 3 per Cent
891, I, 4, 90 444, 1,5, 4
Exchequer 13ills, March 2s, 68 pm Peruvian, 1865, 5p c •• •
4s, 6s pm 83, 4, 21,
Do, June 2s, 6s pm Portuguese, 1869, 3 p c.. 26 28
2s pm 26, 1, 71
Bank Stock
2321, Do Nicolas 4 p c ...
India 5 per Cents llOllll 631, 41
1101, Spanish, 1867, 3 pc
India Bonds 2ls, 26som 23, 4, 31, 4, 31 41
Can 6pc Jan&JulylB77-84 99 101 Do, 1869, 3p c
100, 531, 1
Do March & Sept. 103 105 Turkish, 1854, 6p c.
Do 5p c Jan & July .. 93 95 79, 81
Do Inscribed Stock .. 93 95 Do, 1865, 5p c
Dom of Can 5p c 1903 .. 94 96 351 41, 6, 51. 61, 51 xd
Ceylon 6 p c May and Do, 1865,6 p c
November 1878 lO7 109 55
Mauritius 6p c Jan and U.S. 5-20 Bonds, 6p c 1882 80 81
July 1873 lOl 103 791. 801, 791, 801, 79, 811, 80
New S Wales 5 p clB7l-76 99 101 Do do 1885 80 81
New Zealand 0 p c 1891 lO7 109 801, 791
Do 5p c
Do 5p c Consolidated 94 96 781, 9, 8
96, 41, Erie Sha, 100 dols, all paid 15 16
Do 6p c Mar & Sept 1891 107 110 141, 151
Do June & Dec 1891 105 108 Illinois Central Shares .. 95 100
Vict 6p c Jan & July 1891 110 112 98 xd
DoApril & Oct 1883-85 lOB 110 Atlantic and GW It Con
108 Mortgage Bonds 2O 22
Vict 5p c Jan & July 1894. 97 100 19, 22

. 83 85

.. 84 89
.. 62 66

80 83