The Sun.
London, England, 1870-02-19 00:00:00

AY.

'NE.

MONETARY REPORTS--Yesterday.

Business in the ititock Exchange has been limited to'
day, and the movements in prices have been mostly un'
favourable. Banking stocks in particular have been de'
pressed, but the heaviness has not been confined to this
description of security. Consols have been flat, and have
receded *, or 92, 92i for money, and 92k, 92i for
March. Reduced and New Three per Cents,
92k, 93 ; Exchequer Bills, 2s. dis. to 2s. Pron.;
Bank Stock, 240, 242 ; India Five per Cents, 111.1, 111 l
and India Bonds, 20s. to 255. prem. •
The market for English railway stocks has been in an
unsettled state, and without exception the movements in
prices have been unfavourable. Metropolitrn has exPe"
rienced a heavy fall of ff, Great Northern has receded,
ditto A South-Eastern ff, Great Eastern *, Midland
London and North-Western and Great Western t•
Business in India Railway stocks has beenrestricted,but
prices have been supported. Canadian shares have been
dull. Foreign shares have been tolerably steady in value,
but the demand has not been active.

There has been an absence of any important feature in
the money market. The supply of capital has been good,
but the demand for accommodation, both at the Bank
and in other quarters, has been only to a moderate extent.
Three months' paper has been negotiated at 22 to 24 per
cent.

As regards the exchanges, there has been a P°l2l
demand for bills, but the rates have been without material
change.

Although business in Foreign Bonds has been limited,
the tone of the market has been good on the whole.
Guatemala has been firm, and has risen but Argentine
(186 S), and Egyptim (1868), have fallen f.
The Russian Loan is quoted at 4, 31 prem.
American Securities have been steady, the Five'
Twenties (1882), bonds have risen g, ditto 1885 to 1887 1,
and Ten-Forties , but Erie shares have fallen I, and
Illinois central

In Bank shares the inquiry has been restricted, at about
late rates.

Telegraph shares have been flat. British Indian Exten-
sion have improved but Anglo-American have fallen if
and Reuter's
A large business has been doing in Indiarubber shares-
Opening at 54 to 59k, or at a decline of £3, a further re'
duction to a ensued. A rally then took place, and the
quotation recovered to 60, 61, sheaving a fall of £1 on th•
day. Telegraph Construction shares have been flat, and
lower. Hooper's Telegraph Works shares have fallen
prem.

Miscellaneous securities have been quiet, at about Pre'
vious quotation&
There have been no bullion operations at the Bank
to-day.
The Berlin Waterworks Company have declared a
dend at the rate of 9 per cent, per annum.
In reference to the state of the Manchester market,
Messrs. Alexander Collie and Co. remark the market is
quiet. Quotations for both goods and yarns are generalll
steady. In some instances, however, the tone is in favour
of the buyer.

At a meeting of Reuter's Telegram Company it Wl4B
resolved that the nominal capital of the company sh°lll3
be reduced from £250,000 to £BO,OOO in 10,000 shares, ,
£8 each, of which 9,000 will represent the existing share°
of £25 each, leaving 10,000 shares of £8 each to be'
allotted.

The Flamsteed, from South America, has brought
213,000.

Messrs. Pixley, Albert, Langley and Blake, in a circtv
lar dated the 17th instant, remarks that the gold market
has been very flat during the week ; there is not the
slightest demand for export ; and all arrivals of wire'
finable gold would at present be sent into the Bank. Fie
bar-silver has been very flat during the week, and th°
price has remained at 60id. per ounce standard, titll6
demand at this rate only existing for the Continent.

arrivals of Mexican dollars have now been taken for
China, and the market is almost bare of this coin. The
price remains very firm at 59gd. per ounce.
The Bristol and South Wales Railway Waggon Compaq
(Limited) have declared a dividend at the rate of 10 Per
cent. per annum, carrying forward a balance of £540.
At Mark-lane to-day the wheat trade was firm, at I
prices.
The liabilities of Messrs. Robert Hutchison and Co., of
Kirks.ldy, are stated to range from £BO,OOO to £120,000.
The directors of the Gloucester Waggon Company hall
declared an interim dividend at the rate of 10 per cent. Per
annum.

The Demerara Railway traffic returns for the eight
days ending January 3, 1870, present a total of $3,608;
being an increase of $73 on the corresponding period ga
1869.