The Sun.
London, England, 1870-09-16 00:00:00

MONETARY REPORTS—YEaTERDAy.

Whilst the continued absence of news from the seat of
war precludes all activity in the Stock Markets, the
further reduction in the Bank rate has had a beneficial
effect upon prices. There is still a healthy feeling appa-
rent, the result of additional bond fide purchases. No
feature of importance has transpired to-day. Italian
have been in request, owing to the unresisted
entry of the Italian troops into Pontifical terri-
tory, and the belief that the movement will
be executed without bloodshed.'3, Home Securities
have been steady, and 1 per cent. higher, at 921 to
921 for delivery, and 921 to 921 for October. Reduced
and New Three per Cents., 90/ to 91; Bank Stock,
short ; Exchequer Bills 2s. to 6s. prem ; India 5 per
Cents., 1091 to 1101; and India Bonds 10s. to 20s. prem.
Colonial Governments have been steady in value, with a
moderate inquiry.
For English Railway Stocks there has been a fair
demand. Great Eastern, Great Northern A, and Mid-
land have each been rather firmer, and the tendency
generally has been favourable. Metropolitan, 641 to
64/ ; Caledonian, 741 to 75 ; Brighton, 39} to 40 ; South
Eastern, 73/ to 731 ; Great Northern A, 133/ to 1341;
Great Eastern, 37/ to 38/ ; Midland, 126 to 1261 ; North
Western, 127 to 1271 ; Great Western, 69/ to 69/ ex div. ;
and North Eastern, 140/ to 1411.
Indian Railway Stocks have been quiet, but firm. East
India, 110 to 1 ; Great Indian Peninsular, 1061 ; Great
Southern of India, 1051; Madras, 1051 ; and Scinde,
103 to 1041; Canadian Shares have been steady ; Great
Western, 141 to
Foreign Shares have been firm. Great Luxemburg,
121 to 1; Lombardo, 141 to f.
Foreign bonds have commanded a fair amount of atten-
tion, at improving prices. Equador have risen 1,
Egyptian, 1862, 1; ditto, 1868, 1 ; ditto, Government
Railway Debentures, 1; Peruvian, 1865, 1 ; Russian, 1870
1; Spanish, 1867 and 1869, 1; ditto, Deferred, ; ditto,
Quicksilver, 1; Italian, 1861, 1; and Turkish Five per
Cents., 1; American Securities have been steady ; the
Five-Twenty and Ten-Forty Bonds have maintained late
rates. Atlantic and Great Western Consolidated
Mortgage Bonds and Illinois Central Shares are better.
Bank shares have been dealt in to a fair extent. Agra
A, 101, Anglo-Egyptian, 221, City, 111, Imperial Otto-
man, 11/, London and Westminster, 591,60, and Union of
London, 37.
Telegraph shares have been firm. British Indian Sub-
marine, 7#, 1, Falmouths, Great Northern, 11/, and
Telegraph Construction, 25, 251.
Miscellaneous' securities have been in limited request.
Hudson's Bay, 81, London General Omnibus, 31, and
Peninsula and Oriental Steam, 47.
At a meeting of the proprietors of the Bank of England
stock it was announced that the dividend for the half year
would be 41 per cent.
The clearing house return for the week ending Sept. 14,
shews a total of £63,887,000, against £73,400,000 for the
corresponding week last year.
The sum of £5,000 has been withdrawn from the bank
to-day.

A further fall of A per cent. has taken place in the
Bank rate, the quotation now being 3 per cent. This
movement has been anticipated, as considerable difficulty
has been experienced in employing money at the
former quo' *ions; in fact, in the general market
prices have been fully per cent. lower for the past few
days. In Lombard-street to-day three months' paper is
negotiated at 2 per cent. The joint-stock banks and
discount houses have reduced their rates for money at
call to 2 per cent., and, if with seven or fourteen days'
notice, to 2/ per cent.
The half-yearly meeting of the Phcenix Gaslight and
Coke Company will be held on the 28th instant, for the
.purpose of declaring dividends to the 30th June last.
The hall-yearly meeting of the Merchant Banking Com.
parry was held at their offices in Cannon-street, Mr.
M'Arthur in the chair, who shortly stated the position
and prospects of the company, which he considered to be,.
safe and legitimate, though the critical state of affairs,
both in this country and on the Continent, called for
caution. He concluded by,proposing a dividend of five

per cent. per annum for the half-year just ended, and

payable on Saturday and Monday next. This was agreed
to. The meeting was then declared special, and several
alterations, for the most part of a formal nature, were
made in the articles of constitution.

The coupons due Ist October next on the Illinois and
St. Louis Bridge Company's Seven per Cent. First Mort-

gage Bonds, negotiated through Messrs. J. S. Morgan
and Co., will be paid at their counting-house on and after
that date.

The Mexican Bondholders' Committee have received
through their agent, via New York, a further proposition
from the Mexican Government offering terms of settle-
ment, which, however, the committee deem inadmissable,

and have replied by telegraph, suggesting a counter pro-
position.

The Poonah (s) from Alexandria, with the heavy por-
tion of the Indian mail, brings £93,870 in specie.
At a meeting of the Merchant Banking Company of
London (Limited), held to-day, an interim dividend of 5

per cent. per annum for the half-year was declared.
The London Assurance Corporation has declared the
usual dividend for the half-year of ss. per share.
. At the half-yearly meeting of the South of England
Oyster Company, it was stated that their oyster stock,

bred or fattening, on their farms at Hayling Island, is

estimated to be worth over £5,400, exclusive of this year's
spat. It is anticipated therefore that the directors will

be enabled to declare the first dividend this year.
The return of the Bank of England chews the follow-
ing results, when compared with the previous week :

A decrease in circulation of £319,416; a decrease 'in

public deposits of £44,962; an increase in other deposits

Of £230,690 ; a decrease in Government securities of £462

a decrease in other securities of £679,638; an in.
crease in bullion of £551,283; an increase in rest of

£4,871; an increase in reserve of £953,518. The circula-
tion (including post bills) is now £23,957,376, public de-
posits amount to £6,065,582, and of private deposits to
£19,546,144. The securities held represent £31,692,794,
and the stock of bullion is £21,547,952. The rest stands

at £3,671,644.
The traffic returns of the Manchester, Sheffield, and
Lincolnshire Railway, for the week ending September
11th, shew an increase of £225 as compared with the cor-

responding week in 1869 ; the Caledonian Railway, an
increase of £1,216; Bristol and Exeter, an increase of
£342115. Bd. ; Great Eastern, 24,737; Great Northern,

£1,958; Great Western, £1,470; Lancashire and York•

shire, £1,825.

Advices from Cairo state that the Government of the
Sublime Porte has withdrawn its protest against the
recent Egyptian loan concluded with the Franco-

Egyptian Bank, being- clearly convinced that the loan

was a private operation of the Khedive's Daira.
A further fall of i per cent. has taken place in the Bank
rate the quotation now being 3 per cent. This movement

has been anticipated, as considerable difficulty has been

experienced in employing money at the former
quotations ; in fact in the general market prices

have been fully i per cent. lower for the past few
days. In Lombard-street to-day three months' paper is
. _

negotiated at 2i per cent. The Joint-Stock Banks and

...
discount houses have reduced their rate for money, at
call, to 2 per cent., and if with seven or fourteen days'
notice to 2i per cent.

LONDON STOCK EXCHANGE.—TuunsDAy.

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

GOVERNMENT SECURITIES.

Three p 921, 2, ler Cent Console 921921 Viet 5p c Jan & JulylB9l 10111021
102,
Do for Account
921, 90,'188.69124, 71'p t .i. .. 80 82
1 1.
Three per Cent Reduced 901 91 Egyptiati
901, 1, f, 1 x d '"' ''' 81
New 3 per Cent
99
901, 1 x d
Exchequer Bills, March 3 7 pm Italian' 1865, 5p c
3s, 7s pm Peruvian, 1865, 5 p c
Do, June 3 7 pm 87. 61,1
pm Portuguese Im, 3 p c.. 28 29
Bank Stock - - Russian. 1862, 5 p c.. .. 88 89
Shut 884, 4, 1
India 5 per Cents - - Do Nicolas 4p a
110, 91 684, 2
Ind a Bonds - -. Spanish, 1867, 3pc
les pm 271, 1,1, i
Can 6pc Jan&Julyll77-84 105 107 Do, 1869, 3p c ...
1061 261, 1, /
Do March & Sept. 103 105 Turkish. 1834, 60 c.
Do 5p c Jan & July .. 97 99 83:
99 Do. 1865. 5p c
Do Inscribed Stock .. 96 99 431, 41, 31, 41
Dom of Can 5p c 1903 .. 97 99 Do, 1865. 6p c
Ceylon 6 p c May and 8 - -
,1
November 1878 lO7 109 U.S. 5-2011°44,6 p c 1882 891 904
/Mauritius 6 p c Jan and 90, 1, 4
July 1873 lO2 104 Do do 1885 89 894
New S Wales 5 p elB7l-76 100 102 891, 1, g
New Zealand 6p e 1891 lO6 109 Do 10-40 Buds, spc 1901 841 85
Do 5p 0
Do 5p e Consolidated 97 9J Erie Slia., 100 clol s, all paid -- -
974, i Illinois Central Shares .. 10811094
Do 6 p c Mar &Sept 1891 108 110 1081
Do June & Dec 1891 107 110 Atlantic and GW R Con
Vict 6p c Jan & July 1891 113 115 Mortgage Bonds 23 24
DoApril&OctlBB3,Bs., 113 115
no

67 69

26k 261

84 86

RAILWAYS.
Bristol and Exeter B3 85 Grand Trunk of Canada
Caledonian
748, 4, 54 Do 3rd Pref Stock 4
'—
Great Eastern . . 38 384 Grand Trunk of Canada
38, a if., ii, , a 4th Pref Stock
Great Northern
1221, 2 Great Indian Pen g 5 p c 106 107
Do A 13341344 1064
134, 1, 34, 44 Great Western of Canada 141 14]
Great Western 694 70 144, 4
691, Yorkshire x d Do Op c Bonds, 1873.. 99 10
Lancashire & 139 131 Do 54 do, 1877-8 9B 100
1304 Do 5 p c Pref, issued 80 par 2 pm
Lon, Brigh, and S Coast 39 40 Madras guar 5p c
39/, i 1054, 4
Lon, Chat, and Dover .. 134 14 N. Railway of Canada,
134, 1, 4 6p c Ist Pref Bonds
ton and North-Western 127 1274 Dude and Rohilkund g
1274, 4 5 p c
Lon and South-Western 85 87 Scinde, Punjaub, and
Man, Shef, and Lincoln 44 45 Delhi guar 5p a
444, 5 1034, 44
Metropolitan
648, 4 c
Midland 126 1264 g 7 p
17f, 4
1261, 4,4, 0 Belgian E Junction .... 14 2,
North British r33 34 Buenos Ayres Gt Sthrn.. 23 24
North-Eastern Consols.. 141 142 234
1404, 1, 401 lf Dunaburg and Witepsk 17 18
South-Eastern 724 73 174
72f Dutoh-Rhenish 22 24
Atlantic and St Lawrnce 76 80 Eastern of France —
Bombay, Baroda, and Great Luxembourg
Central India, g 5 p 0.. 105 106 124, 4
1051 Lemberg o"..erunwitz Rua
Buff & Lake Huron Pref 84 44 7p o .
Do 54 p o Bonds, 1872-3-4 77 80 Northern at France
Cape guar 6p c
East Bengal guar 6p c lO5 108 Recife and San Francisco
East Indian, g 5 p c
110, 4 162. 4
Grand Trunk Canada
Do Equip Mort Bnd 1 204. 4
charge 6la c
Do 2nd do Scrip _ .. 1 dis, fpm 154,1
Do Ist Pref Bonds

41 43
31 33

17i 18