The Sun.
London, England, 1870-12-15 00:00:00

MONETARY REPORTS.-YEBTERDAY.

There being no fresh news of importance received during
business hours from the seat of war, the stock markets
have ruled dull and inactive throughout the day. There
appears to be very little disposition to enter into fresh
business for the remainder of the year, and the dealings
and fluctuations in prices have been chiefly in connection
with the settlement of the aecount, which will be com-
pleted to-morrow. The next settling day will be on the
30th instant, but it is believed that business will be re-
stricted within very narrow limits for the rest of- this
year. Owing to sales having been made to close accounts,
Consols closed f lower, the last prices being 94/, 91 for
money, and 91n, 91t for account. The opening quota-
tion, however, was 91, 94 for money, and 91/, 91 for
account. It may be remarked that there is on,
uneasy feeling prevalent in regard to the political situa-C
tion. The action of Prussia in reference to the absorption
of Luxembomg is naturally regarded as a warning as to
what may be the career of the new Confederation if
strenuous efforts be not made to check its ambition, while
the general disregard of treaties and treaty obligations,
which is the distinguishing feature of modern diplomacy,
is thought to endanger the peace of the country, seeing
that England has entered into so many guarantees. For
this reason we are not likely to see any inflation in the
prices of foreign bonds or of shares likely to be affected by
continental politics, and the quotations will probably con-
tinue depressed until the uneasy feeling promoted by recent
events shall have passed away. Reduced and New Three per
Cents, left off at 91, 911 ; India Five per Cents., 110,
110/ ; India Bonds, 225. to 275. prem.; Exchequer bills,
10s. to 15s. prem. Bank stock closed ar 230, 232, and
Metropolitan Three-and-a-half per Cents. at 93, 93/.
Home railway stocks have ruled steady, the large traffic
receipts having afforded no hope of increased dividends.
Caledonia and Great Northern A have further advanced
I,the closing prices being 86, 86/, and 135, 136 respec-
tively. Midland shares are f better, at 128 k, 128 k. Great
Westerns are I lower, at 69/, 70 ; while North Eastern,
at 143,143/, London and North Western at 127/, 128,
and London and Brighton at 40/, 41, are unchanged. The
last price for South Eastern stock was 74k, 74g.
Among foreign railways, Erie shares closed at 19/, 20 ;
and Illbiois Central at 110, 111. Lombardo-Venetian
shares were 14i, 142 ; and Great Luxemburg at 11, 11f.
Colonial and India Guaranteed lines were steady in
value.

Van Mine shares have sold at 545. to account, and
Great Lacey at 17i ; Sweetland Creek Gold Mine shares
continue to keep firm, and have been done to-day at 31
for money. Don Pedro shares are quoted at 13, 2i prem. ;
St. John Del Rey, at 24, 26 ; and Taguaril gold at 11,
prem.

The changes in the quotations for foreign bonds were
generally of an adverse character. Scarcely any bona
fide purchases are now being made, the' investing public
now regarding the securities with some amount of sus-
picion. This is natural at a time like the present, though
the credit of many States which have no connection with
the events taking place on the Continent is much affected.
To-day Italian of 1861 gave way j, and 1867, 1 ; Mexican
bonds were lower; Russian, Anglo-Dutch, 1; Turkish
(1888), 1; and Turkish Five per Cents., On the other
hand, Egyptian railway debentures and Chili= of 1870,
advanced 1; and Peruvian rose *per cent.
The French Loan was lower, at par to * prem., while
the German Loan was last quoted ate to 1 prem. The
transactions in the latter were somewhat numerous.
Joint stock bank shares have been little inquired after,
but prices are without material alteration. The following
are the transactions for the account :—Consolidated, 47, ;
Imperial Ottoman, 12; London and River Plate (New),
11 ; Midland, 19k.
American telegraph shares continue dull, owing to the
interruption to the working of the cable. Other shares,
however, are steady. British India Submarine have heen
dealt in (for the account) at 6 ; Falmouth and
Gibraltar, 9t ; Marseilles, Algiers, &c., Indiarubber
Company's shares left off at 44, 45 ; and Telegraph Con-
strUction at 25t, 26k.
In the miscellaneous share market there has been very
little doing, but the quotations generally have been sup
ported. City Offices have sold at 9,1 ; Commercial Union
Assurance, 81, ; General Credit, 7,1 ; London General
Omnibus, n ; Thetis Marine, 8.
There is a fair inquiry for money in oonnection with
the payments falling due at this period of the year, and
the rates have shewn comparative firmness. Three
months' paper is now charged 2i per cent., while six
months' bank bilk are not taken under 3} per cent.
Short loans on English Government Securities have been
obtainable at 14 per cent., while the rate for Foreign
Government Bonds for advances from account to account
is 3 per cent.

There were no bullion operations at the Bank of
England to-day.
At a meeting of the Falniouth, Gibraltar, and Malta
Telegraph Company (Limited) the report of the directors
was adopted. The gross revenue fora period of three and
a half months was stated to amount to £21,313, and the
expenses to £5,817. A dividend of 4s. per share was
agreed to, which will leave £2,296 to be carried to a
reserve fund.

At the meeting of the creditors of Messrs. Lemon Hart
and Son the unsecured liabilities were stated at 2134,819,
and the assets at only £31,918. The deficiency was partly
attributed to the large private drawings of Mr. Lemon
Hart—who, it was stated, has lost about £29,000 in two
years in speculations upon the Stock Exchange—and
partly to losses in a slate quarry. According to the
balance-sheet submitted, the creditors will get about ss.
in the pound, including the family claims. The adjourned
meeting will be held on the 9th of January, when the
committee of investigation will present their report.
The shareholders in the late Birmingham Banking
Company met at the Queen's Hotel, Birmingham, on
Tuesday, to consider an offer that had been made by the
Banking Company (Limited) to buy the remaining assets
of the late company, and pay £1 to each shareholder.
The matter was discussed at great length, and the offer
was accepted.
The North-Eastern Railway traffic return indicates an
increase compared with the corresponding week of last
year of £9,965 ; Midland, increase of £7,618 ; and London
and Brighton, increase of £598. The South-Eastern
return chews a decrease of £144.

LONDON STOOK EXCHANGE.-WEDNESDAY.

LATEST PRICES.—AFTER OFFICIAL HOURS.
The prices under the lines indicate the business done for Money,

GOVERNMENT SECURITIES.

Three per Cent COlOlOlO 911 919 Via 6p c Jan &July 1891 115 117
919, 1, 1 x d DoApril&Oct 1883-35.. 111 112
Do for Account
911, 1 x d 1041. 31
Three per cuutit.duced ma 911 Brazilian. 1865, 5p a .... 921 931
919, 1 93, 2I
New :J per Cent
911, L i. A . Do Rail I)ebeu 7 p c .. 101 103
Exchequer Bilis, March 10 15pm 1011
pin Italian, 1865, 5p a --
be; June lO 15pm Peruvian, 1365, 5p a .... 911 921
14a pun 911, 2
Bank Stock
India 5 per Cents
1101, 10 x d 831 , 5
India Bonds — Do Nicolas 4p c
22s pm G 69
an 6pc Jaulaulyll77-84 104 105 Spanish. 1867. 3pc
1041, 4. 9 zoi, 11,40.
Do March & Sept, 102 104 Do. 1869. 3 p a .
Do 5p c Jan is July .. 97/ 981 309, 1
Do Inscribed Stock .. 97 99 Turkish, Lot, 6p a 7B 80
Dom of. Cali 5p c 1903 .. 97 99 Do, 1865. 5p a
Ceylon 6 p c May and 439,1
November 1878 lO6 108 Do. 1865 6p a
Mauritius tpc.lan and U. 5.5-20 lionds,ti lie 1334 88f 88/
July 1873 lO3 105 88k
Now 8 wales 5 p 01871-78 1011102', Do do 1835 83 881
New Zealand 6pc 1891 lOB 110 Do 10-0 13nibi. 51,01901 87 871
Do spc
Do 5p c Consolidated 98/ 905 Illinois Central Shares ..
991, ft Atlantic and U W It Con
Do 6
M c
near &S &
ep
DeclB99tl 108 1 181 106 108 Mortgage 13ouds
Do Julo

:M 311