The Sun.
London, England, 1870-03-23 00:00:00

MONETARY REPORTS.—YEs T E RDAY.

The tone of the Stock Exchange Markets ha§ beell
healthy to-day, and an almost general advance has taken
place in prices. In the Consols Market there
has been a continuance of firmness, and further
purchases have resulted in an improvement of per cent.
For money the quotation has been 92 to 92k, and for the
April account 92i to 92/. Reduced and New Three per
Cents., 91i to 91t xd. Exchequer Bills, par to 4s. preni.
India Five per Cents., 1125 to 1831- ; and Indian bonds,
2)s. to 235. prem.
With the exception of the London and Brighton Stock,
which has exceeded the market for English railwaY
stocks has been healthy, and the movements have been
favourable. Great Northern A has risen is. Midland',
*. London and North-Western, Great Western, g.'d
Indian railway stocks have been quiet, but firm. I
Canadian shares there has been but little inquirY, and
prices have been without movements of importance'
Foreign shares have been purchased to a fair extent at
steady currencies.
Considerable firmness has been noticed in the market
for foreign bonds, and prices have improved in most in'
stances, For Egyptian there has been a strong denland
and prices have risen about per cent. Italian (1861) hay!
been firmer, and better, and Turkish Fiveper Cents 113",
risen to the extent of /; but Spanish (1867) have recede('
per cent.
American securities have been quiet. Virginia State
Bonds have receded
Less firmness has been noticeable in the market fel'
mining shares. Assheton have fallen Fan-yr-Alt an
c,i
West Chiverton 1. Colonial and foreign mining share",

have been without movement of importance.

Bank shares have been quiet but firm. . #,3
Telegraph shares have been firmer. Anglo-Amer"
have risen British Indian Submarine I, and Falmouth
Gibraltar, and Malta
Hooper's Telegraph Works shares have been firmer D't
dis. Telegraph Construction shares have been

steady at 375. 37g.
In miscellaneous securities very little business has been
doing, and prices have been without important change.
The tone of the money market has been firm. The 4:,
has been a good demand for accommodation, and Pric''
have ruled firm at 3 per cent. for three months' paper'
The sum of £20,000 in bar gold has been taken to the
Bank to-day.
A telegram from Melbourne states that the Avoca 1139
left for Galle with £459,000 in gold, and £61,870 in with.
reigns. The Lock Katrine has sailed for England Wl'
27,000, and the Anglesea, with £ll,OOO.
The Donan has left for New York with £29,25° it/
American eagles.
The rates of exchange on Paris have been ye/ ftrfct'
otherwise there has been no material change.
At a meeting of the National Bank of India a divide°
at the rate of 6 per cent. per annum was declared. ...A
A meeting has been held of the London Bank of MeV"
and a dividend at the rate of 8 per cent. per annura ha.s

been declared. to
The report of the British American Land Company' to
be presented on the 28th inst., skews an available total of
£6,414, and recommends a dividend of £1 per share, Ivii/
will absorb £6,000. and
The official liquidators of the London, Bombay,
Mediterranean Bank (Limited) have announced a sec°ll
dividend of is. in the pound.
At a meeting of the Sambre and Meuse Rai way 00131'
pany a dividend of 4s. per share was declared.
The report of the North British Railway Companktt
be presented at Edinburgh on the 31st inst„ shews that
the estimated expenditure chargeable to the capital accost
in the half-year was £190,361 9s. 9d., and the actual suns'
inclusive of £55,468 3s. 11d. expended on the Coatbridg°
Separate undertaking—has amounted to £146,01217s 10d4
as detailed in the account No. 5. The receipts on revenue
account show an increase of £25,877, and the expenditure
an increase of £8,170. The balance of revenue available
for dividend is £178,763115. 2d., inclusive of £129 9s. 4cl;
brought from last half-year, and the directors recontroeuth
that this sum be applied in payment of dividend on
the various stocks enumerated in the stateraenc;
No. 11, which will absorb £178,413 15s. 7d., an
leave a balance of £349 15s. 7d to be carried forward.
Of the £830,148 of debentures which run out in hlsi
next, the whole have been renewed, reborrowed, or coo'
verted into debenture stock ; and as upwards of 2500,000
of the amount at present bears five per cent., and renewals
and new loans have been obtained at four per cent., the
saving of interest effected by these transactions will he
fully £5,000 a year. Looking to the company's improved
financial position, the directors have considered
it inexpedient to continue the issue of the
.q per cent. debenture stock. Since November
1868, £BOO,OOO of it has been either issued of
arranged to be issued to take the place of a corresponding
amount of Debentures, and although the rate of intere4

allowed is liberal, the conversion will afford seilslL•
relief to the Company in the management of their LI
Debt. Immediately after the business of the gener
meeting is disposed of, a special meeting will be consti.
tuted to create 4i per cent. First-class Debenture Stock,
to be issued in the further reduction of the terminable
debt of the Company.