The Sun.
London, England, 1870-05-02 00:00:00

MONETARY REPORTS-SATURDAY.

The tone of the Stock-Exchange markets has been firm
to-day, but the business doing has been by no
means extensive, and the movements, at the same
time, have been neither numerous nor important.
Consols opened heavily at a reduction of it per cent, but
subsequently there was a reaction, and a recovery of
1-16th ensued, the closing prices being 93k, 94 for
delivery, 93 15-16th, 94 1-16 for May, and.
94, 94} for the June Account. Reduced and New Three
per cents, 92k, 92S ; Exchequer bills, par, ss. prem. ;
bank stock, 233, 235 ; Metropolitan Board of Works, 3i
per cent. ; stock, 94i ; India Five per Cents, 113 k, to
114 ; and India bonds, 205., 255. prem.
The market for English railway stocks has been,free from
any important fluctuations, but the tendency generally has
been towards lower rates. Caledonian has risen and
Great Northern A, as well as Metropolitan, show a
similar improvement. On the other hand Great Eastern
has fallen * ; London and North Western, ; North
Eastern (Berwick), ; ditto (York), k ; and Staines, Wok-
ingham, and Woking,
Indian railway stocks have been quiet, and withottt
movement. In Canadian shares no change has taken
place, but the demand for them has been to a very
moderate extent. Foreign shares have been quiet, but
South Austrian and Lombardo-Venetian have risen O.
The market for. foreign bonds has been devoid of any
feature of importance, but the tendency has been favour-
able. Egyptian have been firm, and Spanish, 1867, have
risen 11. Portuguese have been better, and Turkish
Five per Cents have improved to a similar extent.
The Egyptian loan is nominally quoted to 2 prem.,
and the Japanese at 1 dis.
American securities have been quiet. The Ten-Forty
Bonds have fallen Massachusetts and Erie shares 1.
Rather more business has been doing in Bank shares,
and full quotations have been realised for all descriptions.
The Telegraph market has continued quiet; but prices
have been fairly maintained.
In Miscellaneous securities the transa3tions have been
only to a moderate extent, at about previous quotations.

The discount market has been fairly supplied with
capital. The demand for accommodation has been to a
fair extent, and the rate for negotiating three months'
paper has been 2 to 3 per cent.
The sum of £9,000 has been sent into the Bank to-day
The Bangalore has taken out £19,081 for the East.

The Bank of England have given notice that in order
to prepare the dividends due on the sth of July, the
balances in the several accounts in the following funds
will be struck on the night of Wednesday, June Ist, viz :-
3 per Cent Consolidated Annuities, New 5 per Cent Annui-
ties, New 3 per Cent Annuities (1854), New 2 per Cent
Annuities, Annuities for terms of years, and India 5 per
Cent Stock. On Thursday, June 2, the above-named
funds will be transferable without the dividend due on the
sth of July next. East India Stock will be shut on the
10th of June, and opened on the 6th of July.
The following has been received from the Taquaril Gold
Mining Company .(Limied), dated March 28th Our
operations at all points are proceeding with regularity.
At the Crossent, northward from engine shaft, the conk
mencement of which was advised in my last, 12 fathoms
have been driven. Jacotinga, of promising appear
ance, is now coming in, and in the course of
another week we shall probably intersect the lode.
In the Deep Adit the ground is more favourable for quar-
rying. The troop rancho and stables and accommodations
for bullock drivers have been commenced. The erection
of pumping machinery and remaining works are progrea-
ing satisfactorily. Rego.—The Bolino Water was brought
home to the establishment on 21st instant.

The following has been received from the Don Pedro
Mining Company (Limited), dated March 29th, 1870 :--
Produce weighed to date 4,303 oitavas; estimate for the
month 5,300 oitavas. Stopes have yielded better general
work in the latter than in the first division of the month.
Line in No. 6 has not improved, and 'lode in
Allis's West presents no change. We are pushing
on with the works for ventilation for this section.
A commencement has been made to stope reserve under
the lode, and encouraging samples have been taken. The
deepest point in the mine worked on at present is the
' Canon,' in underlie lode, and from this point, owing to
water, but a limited supply can be be broken ; but to
shew that in depth our lode maintains its auriferous
quality, on the 25th five boxes of vein stuff were taken
from it, which yielded 500 oitavas of gold. Horse engin°
works well; but water, is increasing in shaft, and
it is very trying work for the animals. As yet
we have not lessened the water in the stops&
Trcloar's level is progressing, and good duty is being done
at the middle adit. The ground at the latter is becoming
troublesome.

Rossa Grande Gold Mining Company (Limited).--
Mr. Ernest Hilcks, under date 28th March, 1870, reports:
—During the latter part of the month the features of the
lode at the Mine de Terra are not looking so promising sis
when last commented on. The size of the lode in the
stopes below the 10 fathom level is diminishing fast, and
that in the eastern end of this level has nearly died out,
but as the extremity of the shoot is considerably further
east of this point,we undoubtedly shall,by extending the level
meet with a good size lode again. In sinking the slit"
I am pleased to say, the lode continues of good size and
appearance.
The large lode recently discovered at the Cachoesrte
Mine has not been tried as I could have wished, owirtif toy
deficiency of force. HoweVer, sufficient stone has bei°
treated from this lode to prove that it is too poor for
working the same at present, when our force can be sol
ployed to far greater advantage at other points of more