The Sun.
London, England, 1870-06-18 00:00:00

MONETARY NEWS-YESTERDAY.

The tone of the Stock Exchange to-day has been
healthy. Rather more animation has been noticed in the
inquiry for all classes of securities, and with but few
exceptions the movements have been favourable. Both
foreign bonds and railways have participated in the im-
proved feeling, and have generally realised enhanced
quotations. Consols have been firm at 9212, 92,1 ex-div.,
for delivery, and 92a, 922 ex-div., for July. Reduced and
New Three per Cents 92!1, 92g. Exchequer bills par to
55. prem. Bank stock has marked 234, 236. India Five
per Cents 111, 111 i ex-div., and India bonds 20s. to 255.
prem.

In English railway stocks the transactions have been to
a fair extent, and a general advance has taken place in
prices. Metropolitan is 1 better, at 78k; Brighton, at
43 ; South-Eastern, at 77*; Great Northern A, at 136 ;
Great Eastern, at 40 ; and Midland, at 1331, are each
better, whilst London and North-Western at 129 k, and
Great Western at 73 shew an improvement of *.
Indian stocks have been quiet, but prices have been
maintained. Canadian shares have shewn no movement.
In foreign 'shares the business doing has been limited, but
Lombards have been firm at 16g.
The market for foreign bonds has been firm, and the
quotations show a further improvement. Peruvian have
risen *, or 91i ; Italian (1861), or 60 ; Spanish (1867),
5-16, or 32 1-16 ; ditto (1869), *, or 31 11-16 ; Mexican, *,
16 11-16 ; New Grenada have advanced *.
The new Spanish Loan is quoted at 2i, 3 prem.
American securities have been firm, and the Five-
twenty bonds have advanced *. Illinois Central shares,
however, have fallen I.
The Market for Bank shares has been free from any
important movement, and the business doing has been
limited.
As regards Telegraph shares Anglo-Mediterranean have
risen I, and French cables have been firm. Telegraph
Construction shares, at 26, shew an improvement of £2
per share.

In miscellaneous securities very few transactions have
taken place, and prices have been without change.
The sum of £70,000 has been sent into the Bank to-
day, being a portion of the £440,000 just arrived per
Bangalore.
In the rates of exchange no material alteration can be
noticed. The demand for bills has been moderately
active.

Monday the 20th instant, has been appointed settling
day of the Spanish Quicksilver Loan.
In the money market to-day the supply of capital has
been good. There has been a fair demand for accommo-
dation, and three months' paper has been negotiated at
2i, 3 per cent.
In reference to the state of the bullion market, Messrs.
Pixly, Abell, Langley, and Blake remark :—" Silver has
been exceptionally firm during the past week, owing to a
demand for Japan, for which country the Syria took
about £200,000. Transactions to some extent took place
at 60d. per ounce standard for shipment on the 11th
inst., but the rate has since become slightly lower, and
we quote it now at 603 d., with a firm demand for
Holland. Exchange on India for bank drafts
at 60 days' sight is Is. 10id. to is. 11d. per rupee.
Tenders for £400,000 on India were received yesterday.
The amounts alloted were :—to Calcutta, £346,000 ; to
Bombay, £50,000 ; and to Madras, £4,000. The minimum
price was fixed as before at ls. 10/d. on all the Presi-
dencies. Tenders on Calcutta and Madras at Is. 10-2 d.
will receive about 28 per cent., and on Bombay at that
price about 12 per cent. Those above in full. India
Government Loan Notes are without alteration; we quote
Four per Cents, 92/, 93 ; Five per Cents, 102, 1021 ; and
Five-and-Half per Cents, 109 k, 110."
With reference to the Colonial wool sales, just com-
menced, Mr. Helmuth Schwartze states there is the usual
attendance of both home and foreign buyers, the tone is
fairly animated; and prices rule on a par with the closing
rates of last series. The arrivals in time
comprise 273,735 bales. Of these about 8,000
bales have been forwarded to the country, leaving
about 265,000 bales for disposal in this market. In the
face of this quantity, it has been decided to fuse the last
two series (which were to be held in September and No-
vember) into one, to commence on or after the 27th of Octo-
ber ; a step which, as it affords the trade adequate time for
the disposal of the wools now offered, cannot but strengthen
the market, an 1 remove, or at least alleviate, the pressure
which an unprecedentedly heavy supply, with hardly an in-
terval to separate it from the next series would inevitably
exercise. The futility of the five series arrangements as re-
gards the ends intended to be compassed, must, in this
instance, be patent to all. Though only in ope-
ration for half a year, it necessitated modifications at the
outset, and has had to be abandoned the moment its
capabilities were really tested. Since the close of the
April-May series, the position of the trade has remained
unaltered. Consumption is still large, but the old diffi-
culty—viz : the impossibility of the manufacturer to
obtain increased prices for his yarns and goods, and his
consequent inability to pay advanced rates for the raw
material—still faces the market.

LONDON STOCK EXCHANGE-YESTERDAY.

LATEST PRICES - AFTER OFFICIAL HOURS.

GOVERNMENT SECURITIES.

Three per Cent Consols 92i 921
Do. for Account
Three per Cent Itdcd
New 3 per Cent
Exchequer Bills. March, par 5 pm
Do., June
Bank Stock
India 5 per Cents 111 111/xd
Can.6pcJan.&JulylB77-84 10711081
Do. 5 per cent do. 981 99i
Domin. of Can. 5 pc 1903 971 981
New S. W. 5 p c 1871-76 102 103
New Zealand 6 pa 1891.. 112 114
Do. 5 per cent 9911001
Do. 5 p c Consolidated
Queensland 5 p c 1882
Victoria 6 p c Jan.& July 1151116
Do. 5 p o do. 1031104

Brazilian, 1865, 5 p c 9ll U$
'Egyptian, 1868, p o 82k 83$
Do. Rail. Deben., 7 p c 101$1021
Italian, 1861, 5 per taut 591 6
Peruvian, 1865, 5 per cent 91$ 91
Portuguese, 1869, 3 p c 33s 34
Russian, 1866, 5 p o 93s 94$
Do. Nicolas, 4 per cent 6Bl 69
Spanish, 1867, 3percent 32 32$
Do., 1869, 3 per cent
Turkish, 1854, 6 per cent 87 89
Do., 1865, 5 per cent s3k 54
Do., 1865, 6 per cent 741 751
U. S. 5-20 Bonds, 6pc 1882 90 90
Do., 1865
Do., 10-40 Bonds, spc 1904 861 87
Erie Sha.. 100 dole. all pd. 18$ 18

RAIL'

Bristol and Exeter B6 88
Caledonian 7831 784
Great Eastern
Great Northern l2 124 f
Do. A
Great Western
Lancashire &Yorsshire 134 134 i
L. B. and South Coast
Lon. Chat., and Dover
Lon. and North-Western 1294130
Lon. and South-Western 914 924
Man., Shef., and Lincoln 534 534
Metropolitan 784 784
Midland
North British 3B .18i
North-Eastern Consols
Do. Leeds
Do. York —

South-Eastern
Born. Bar., &CLlncl.g.s po 107;108
Eastlndia guar. 5p a
Grand Trunk of Canada 141 15
I Do. Ist Preference Bonds 67 68
Great Indian Pen. g. 5 p c 108;109;
Great Western of Canada 151 15
Madras g. 5 pc 108;109;
Scinde, Delhi, do.
Scinde, Pnnjaub, do 106;107;
Dutch Rhenish 25 25;
Eastern of France 24 25
Great Luxembourg l4l 14;
Northern of France
0 ttom. (Smyrna to Aidin) 61 74
Recife and San Francisco 15 16
San Paulo (L.) guar. 7p a 20 211
S. Aus. & Lora. Veneta.