The Sun.
London, England, 1870-10-27 00:00:00

MONETARY REPORTS.-YESTERDAY,

The stock markets have ruled dull to-day, owing to
large sales in connection with the account, and to the
absence of demand from the public. A general decline in
prices has been the result, and values have offered about
the worst point of the day. Consols closed at 924, 92k,
both for money and account, being a reduction of *,
Reduced and New Three per dents., closed at 91, 91i .
India Five per Cents., 111, 1114 ; India Four per Cents.;
1008, 1001 ; Rupee paper, 91, 92, and 107, 108 ; India
Bonds, 18s. to 235. prem ; Exchequer Bill, 6s. to lls.
prem.

It is understood that the French loan has been fully
subscribed, and that large applications from the country
have yet to come in, The price, however, receded to-day,
to 1 prem.

The foreign stock market ruleclvery dull, and the move-'
ments in prices were all of an adverse character. Italians
were particularly flat, being 1 lower in the day. There
was, however, nothing to cause the downward movement
in values except the closing of speculative accounts.
Spanish were and Turkish Five per Cents. lower.
Egyptian of 1868 gave way it.
Five-Twenty bonds remained dull, but unchanged in
value, the 1862 issue closing at 89, 89k, and the 1865 at
88k, fi•
The flatness apparent in the foreign market extended
to home railway shares, on nearly all of which a slight
reduction has taken place. Metropolitan are lower, at
644, 641; Midland at 126, 1261 ; London and North-
Western, ff, at 1281, 1281 ; and North-Eastern consols 2,
at 143 i, 144.

Foreign lines have remained dull and inactive, with a
general downward tendency in prices. Lombardo-
Venetian shares are f, lower, at 14,14} ; Great Luxem-
bourg are quoted at 11i, 12 : Erie shares are 18, 18i ; and
Illinois Central at 1091, 1101.
Colonial Government securities have remained without
movement.

The dealings in Joint-Stock Bank shares have been very
much restricted, but values have undergone no change of
importance. Bank of Australasia shares have sold at
5011 ; Chartered Mercantile at 25 ; Imperial Ottoman,
ll ; London and River Plate, 48 ; London Joint Stock,
33i ; Union of London, 37k.
Telegraph shares have been dull, but not quotably
lower. Anglo-American, 88 ; British Indian Submarine,
7ff, ; China Submarine, ; Falmouth and Gibraltar,
g ; Great Northern, 11i ; French Cables, 14g. Tele-
graph constructions are 1 better at 28, 28i.
Very few transactions have taken place in the miscel-
laneous market, but there is no material variation in
prices. Hooper's Telegraph have sold at 511 ; London
General Omnibus, 2i.

It is notified that the transfer books of the Anglo-
Mediterranean Telegraph Company (Limited), will be
closed from the Ist to the 13th of November, inclusive, for
the purpose of converting the shares of the company into
stocks, and to prepare the warrants for an interim dividend
on the old and new shares of the company.
The prospectus has been issued of Letts, Son and
Company (Limited), in 500 shares of £lOO each fully
paid up, of which £30,000 will be issued at once. The
object of the Company is to carry on the business of Letts
and Company, the stationers of the Royal Exchange and
New Cross.

At the half-yearly meeting of the Continental Union
Gas Company, the accounts showed a balance of £34,730,
out of which a dividend of 4 per cent., making 8 per cent.
for the year, was declared. The amount left to be carried
forward was £16,897.
The bullion operations at the Bank of England to-day
consisted of the purchase of £4,000 bar gold.

The Massilia, which is expected to arrive at Southamp-
ton on the sth proximo, will bring about £BOO,OOO, of
which £670,000 consists of gold from Australia, and the
rest of silver from the East. There is no demand for
gold for export, but bar silver is still taken for export to
Holland.

The money market ruled quiet to-day, and the rates
had a downward tendency. The open market minimum
was 2i per cent. The quotation for advances on stock was
1 to 2 per cent.
The half-yearly meeting of the proprietors of the
Royal Mail Steam Packet Company has been held
at the Cannon-street Hotel, Captain Mangles in
the chair. The report which has already been
published was taken as read. The chief item
was as follows :—Although a further charge will fall
on the repair and renewal account for the
completion of the Tasmanian, the directors,
after reviewing the state of the present accounts,
feel they are able to recommend a distribution of
.£3 a share, free of income tax, viz., a dividend of 15s. per
share from the ordinary accounts, a bonus of ss. a share
from the repair and renewal account, and a further bonus
of £2 a share from the insurance fund. The Chairman
proposed the adoption of the report, which was seconded
by Admiral Whish. Mr. Simpson, of London, com-
plained thet the profits came from that precarious quarter
the insurance accounts, and thought the directors should
" divide " more liberally. If they lost one of their large
ships there would be no dividend for the next two years
The report was unanimously adopted.
At the statutory meeting of the creditors of Messrs.
Crilbert, Kerr, and Company, whose failure in the
Australian trade for £63,369, was announced on the sth
ultimo, the resolution arrived at, at the previous
meeting, was unanimously ratified, and Mr. C. F. Kemp
was appointed trustee.
A prospectus has been issued by the Wyoming Sweet-
water Mining Company (Limited), with a capital of
£60,000, in shares of £5, to work some gold quartz lodes in
the territory of Wyoming, United States.
The traffic return of the Midland Railway for the week
ending October 23rd chews an increase of £4,572 on the
corresponding week of last year. The return of the North-
Eastern Railway declares an increase of £5,654.

LONDON STOOK EXOHANGE,-WEDNESDAY,

LATEST PRICES.-AFTER OFFICIAL HOURS.

The prices under the lines indicate tho business done.