The Sun.
London, England, 1870-02-21 00:00:00

MONETARY REPORTS—Satt rday.

A quiet feeling has pervaded the Stock Exchange
markets to-day. The business doing has been very mode-
rate, and the general tendency of prices has been un-
favourable. In the Consol market the transactions have
been to a limited extent, at yesterday's reduced quota-
tions. For money the price has been 920, 921 ; and for
the 9th of March, 921, 92g. Reduced and New Three per
Cents, 92k, 93. Exchequer Bills, 2s. dis. to 3s. prem.
India Five per Cents have been done at 1111, 112 ; and
India Bonds at 20s. to 255. prem.
For English railway stocks the market has been de-
pressed, and a further reduction has taken place. The
heaviest fall has been in Metropolitan, which, on a pres-
sure of sales, has receded . Great Northern A has re-
lapsed 1 ; London and Brighton, 1 ; North Eastern
(Leeds), 1, and South-Eastern, 1
Indian railway stocks have been without movement of
importance ; but the demand for them has been far from
active. Canadian shares have been fiat.. Foreign
shares have commanded but little attention ; neverthele3s
prices have ruled firm. •
Foreign bonds have principally absorbed the attention
of operators. Russian and Turkish have been firm, and
have risen to the extent of 1 per cent. On the other hand
Peruvian have been flat and 1 lower, and Spanish '(1867)
bonds have relapsed 4 per cent. The New Russian Loan
has closed at 31, prem. ; and the Turkish at 11,11
prem. ; and the Chillian at to 1 prem.
American Government securities have been purchased
to a fair extent, and the quotations have improved. The
Five-Twenty (1882) Bonds have advanced 1., and the Ten-
Forty per cent. Atlantic and Great Western Consoli-
dated Mortgage Bonds have advanced 1, and Erie shares
to a similar extent.
Scarcely any transactions have taken place in Bank
shares. Nevertheless, the tone of the market has been
good, and London and Westminster has risen 1.
Telegraph shares have been quiet. British Indian
Extension have fallen 1.
Hooper's Telegraph Works Company have been nl2-
,ettled. During the early hours of business the market
was very flat, at 1 to 1 prem., but at the close more firm'
ness was prevalent, and the quotation improved to to
premium.

In Miscellaneous securities the business doing has been
,nly moderate ; but prices have shewn no change.
The report of the directors of the London, Chatham,
and Dover Railway shows that the result of the half-year's
workings presents a gross receipt of £388,751 12s. 4d., as
compared with £359,687 lls. 4d., the gross receipt for the
corresponding period of 1868, equal to an increase °f
£29,064, ls., or B'oB per cent. The gross expenses hay°
amounted to £213,256 18s. 5d., as compared with
£211,478 9s. ld., being an increase of £1,778 9s. 4d., or
0.84 per cent. The net result of the traffic for the half-
year is a balance of £175,494 13s. 11d., earned at' a Per
centage of 54.86 as compared with a balance of
£143,209 2s. 3d. for the corresponding period of 1868
earned at 58.79 per cent.
Firmness has been the feature of the money market
to-day. The supply of capital has be en less extensive,
and the demand for accommodation has been more active.
The quotations, in consequence, have been firm, and three
months' paper has not been taken under 2i to 3 per cent

Italian advices state that a convention has been con'
ctuded with the National Bank, by which the loan will
be increased to 500,000,000 lire, the Treasury receiving an
additional 122,000,000 lire, of which 50,000,000 lire will 10
in gold, and 72,000,000 lire in notes. As a guarantee the
Bank is to receive ecclesiastical property bonds, which
it
will sell exclusively on account of the decrease of the
public debt. The notes in circulation of the Bank will be
increased from 750,000,000 lire to 800,000,000 lire.

The directors of the French Atlantic Cable Company
recommend a dividend of 7's. per share, being at the rate
of 4i per cent. per annum.

The directors of the Submarine Telegraph Company
recommend a dividend at the rate of 8 per cent. per

annum.

• -------
We learn by telegraph that the half-yearly meeting of
the Lynn and Hunstanton Railway was held at the
Globe Hotel, Lynn, to-day. A dividend of £9•
was declared. Tenders were invited for debentures for
conversion into stock at 4i• per cent. Major Hare and
Mr. Durant were re-elected directors ; and Mr. Thorley,
the Mayor of Lynn, was re-appointed auditor.
The half-yearly meeting of the London and North-
Western Railway Company was held to-day. The
report, which was adopted, showed that the company had
a disposable balance of £1,204,140, which enabled the
directors to recommend a dividend of 7 per cent. on the
ordinary share capital. The Chairman remarked on tile
prosperity of the company, and said that the antler
pation of the Midland Railway in coming into
London, taking away much of the coal traffic had not been
realised. A sum of £lO,OOO was in hand to provide for
casualties, and no less than £48,000 had been spent simply
on concentrated locking-points for the protection of the
public. Double lines of steel had been laid down, and much
done in the way of improvement. The excessive damage°
given against railway companies was also commented on.
The Watford and Edgware line was to be abandoned.
The propositions of the chairman met with active oppot.i-
tion by Mr. Hughes, who declared such meetings a farce,
the directors coming there backed up by proxies to swamp
the proprietors. The report, however. was adopted, and
explanations upon various points giventothe shareholders.
Dividends were_declared, including one of £7 15 per cent•
on the original stock.
The half-yearly meeting of the Great Northern Railway
Company was held to-day. Colonel Packe, the
chairman, moved the report, which shewed the WO
receipts upon the revenue account to be£1,140,141, andthe
expenditure £537,346. The balance available for dividend 4
was £299,513 fixed charges and preference dividends absorb-
ing £334,154. A decrease has taken place in the receipts dur-
ing the last half-year, occasioned, the Chairman observed,
by depression in trade, and a bad harvest. Though Ole
loss was suffered, the company had reduced the expenses
by nearly £20,000. An additional down line was proposed
from Finsbury Park Station to Wood Green. Another
item asked from the shareholders was for the enlargemero
of the Bradiorct goods' station.