The Sun.
London, England, 1870-05-06 00:00:00

MONETARY REPORTS-YESTERDAY.

A fair amount of businees has been passing in the Stock
Exchange to-day. Foreign bonds, influenced by the high
prices from Paris, and the generally Pacific
aspect of political affairs, opened steadily, at ell"
hanced quotations. On the other hand, railways have
been quiet, and telegraph shares have been much de-
pressed. Consols have been firm, and * per cent. betters
at 94 to 944 for delivery, and 94i to 94i for June. Re-
duced and New Three Per Cents., 92i to 92g. Bank
stock 234 to 236, and Exchequer bills 20s. to 255. prem.
Indian Five per Cents. have been done at 1.131- to 114,
and Indian bonds 20s. to 255. prem.

English railway stocks have been depressed, and there
has been a preponderance of adverse movements. London
and North-Western opened steadily, but subsequently
declined London and Brighton, South Eastern, and
Great Eastern; have also receded *. On' the other
hand, Caledonian has risen Great Northern Afy and
Midland A.

Indian stocks have been quiet. Canadian shares have
been flat, at about previous quotations. Foreign shares
have been in moderate request. Ottoman have risen 1,
and Lombards have recovered to a similar extent.

The tone of the market for foreign bonds has been
healthy. Egyptian (1868) have been in request, and have
risen per cent. ; Turkish Five per Cents opened steadilY
at 49 to 491 but subsequently fell to 49 to 49k;
Brazilian (1865) have risen ; Guatemala, A; Italian-,
(1865), A ; Spanish A, and Italian (1861), A ; but Peruvian
(1865) have fallen ; Russian (1862), A.

The New Egyptian Loan is nominally quoted at par to
prem., and the Japanese 3, 2 dis.
American securities have been firm. The Five per
Cent. Bonds have risen , and Pennsylvania but Erie
shares have fallen t.
Joint Stock Bank shares have been firm. Imperial
Ottoman have risen it, and London and Westminster ;
but Oriental have been flat, and 1 lower.

Telegraph shares have been very dull. Anglo-Ameri-
cans have fallen Anglo-Mediterranean British
Indian Submarine, ; Falmouth, Gibraltar, and Malta,
and French Cables, t.
Telegraph Construction shares have been done as low as
34k, but have since recovered to 35i.

Silver's Indiarubber shares have receded 1.
Miscellaneous securities have been quiet, at about pre-
vious quotations.
The Clearing House return for the week ending May
4th, chews a total of £89,307,000, against £79,888,000, for
the corresponding week last year.

At a meeting of the London and South African Bank
a dividend of 7s. per share was declared.
The Sovereign Life Assurance Company have declared
a dividend at the rate of 5 per cent per annum.
The following communication has been received from
Sir John Lubbock in reference to the clearings for the
past year :

To the Editor,—Sir,—The third year during which the
Clearing House statistics have been published has now
elapsed, and Messrs. Derbyshire and Pocock, the inspec-
tors, have prepared for me certain statistics, from winch
the following will, I think, be interesting to your
readers. .The total amount of cheques and
bills paid at the Clearing House during the year
ending 30th April, 1870, have amounted to £3,720,623,000,
being an increase of £186,584,000 over 1869, and of
£463,212,000 over 1868. The amounts passing through on
the 4th of the month from the best indicctlon as to the
state of the internal trade of the country; and it is therefore
satisfactory to find that the total of 1870 has been
£168,523,000, shewing an increase of 26,662,000
over 1869, and of £21,410,000 over 1868. The
payment on the twenty-four Stock Exchange settling
days for 1870 have amounted to £594,763,000, shewing an
increase of £44,141,000 over 1869, and of £150,320,900
over 1868. The payments on the twelve Consols selling
days for the same period have amounted to £148,822,090,
shewing an increase of £6,552,000 over 1869, and an in-
crease of. 216,529000 over 1868.-1 am, sir, your obedient
servant. JOHN LUBBocK, Honorary Secretary to the
London Bankers.-15, Lombard-street, sth May, 1870.

The discount market has been fairly supplied with
capital. There. has been a moderate demand for accom-
modation, and three months' paper has not been taken
under 2a to 3 per cent., in fact, transactions at the former
quotation have been quite exceptional.
_ _

The Manchester Guardian mentions the failure of Mr•
Richard Marsden and Mr. John Lancaster, manufacturers
of Preston.

The failure has been announced of Messrs. Heelist
Heather, and Co., yarn and cloth commission agents, of
Manchester, with liabilities estimated at from £16,000 to
£20.000.