The Sun.
London, England, 1870-06-25 00:00:00

MONETARY REPORTS-YESTERDAY.

The steady rain which has fallen to-day has imparted a
firm tone to the market for Government securities, and
the quotations have improved. Railways also have been
in request, at enhanced prices ; but foreign bonds have
generally been quiet. Consols have been 4 per cent.
better at 92k, 92t ex div. for delivery, and 921, 921 ex
div. for July. Reduced and New Three per Cents. 92L
921. Exchequer bills ss, par to ss. prem. Bank stock
233-235. Indian Five per Cents., 1101,1111, and Indian
bonds at 20s. to 255. prem.

An increased amount of steadiness has been noticed
in the market for the English railway stocks. Metropo-
litan has been freely purchased at 70, shewing a rise of
11,-. North-Eastern also has been freely purchased, and at
146 k has been 2 better. Great Northern (A) is 2 better
at 1331; Great Eastern /, at 402 : Midland g, at 1314, and
North-Western g, at 129,1.
The tone of the market for Indian railway stocks has
been decidedly healthy, and the quotations have been well
maintained, notwithstanding that business has been by
no means brisk. Canadian shares have been quiet. In
foreign shares very few transactions have taken place, and
prices have been without alteration.

Business in foreign bonds has been to a very moderate
extent, and the fluctuations have been quite unimportant.
Italian (1861) at 59 1-16th are better. On the other hand,
Mexicans have been flat, and are lower, at 16. Spanish
(1867) chew a fall of 1-16th, the price being 31 9-16ths.
Peruvian (1865) are firm, at 82. The new Peruvian loan
is quoted at /to 1 prem ; the Spanish at 1 to 1 prem.
The Honduras loan has fallen 2, the quotation being 1/
prem.

American securities have been firm. The Five-Twenty
(1882) bonds are it better, the 1885, 1887, and the Ten-
Forty, t. Erie shares and Illinois Central L.
Bank shares haee been steady in value, but the demand
has not been active.

Telegraph shares have been dealt in quietly ; neverthe-
less the quotations have been maintained. Telegraph
Construction shares have been flat at 26k.

In miscellaneous securities the transactions have been
to a very moderate extent, at about late rates.
As regards the exchanges, the rates on St. Petersburg
and Vienna are lower, otherwise there is no alteration.
Influenced by the refreshing rain which has fallen
during the greater part of the day, and by the absence of
Continental buyers, the grain trade at Mark-lane has been
in a quiet state, and, although the value of wheat has
not not been actually lower, forced sales could only have
been concluded on easier terms.

The discount market has been fairly supplied with
capital. The demand for accomodation has been rather
quiet, and three month's paper has been freely taken at 24
to 3 per cent.
The Bank of Holland has reduced its rate of discount
from 3 to 3 per cent. In reference to the state of the
bullion market, Messrs. Pixley, Abell, Langley, and
Blake remark :—The bank has received nearly the whole
of the late arrivals of gold, and there is but little now
left on the market for disposal. The amount sent
in since our circular of the 17th inst. is £446,000;
and as the Continental Exchanges are still very
high, all sums coming to hand will be retained here.
Silver remains firm at 600. per oz. standard, the demand
being for Holland and Japan. There are no orders what-
ever for India. We are without any arrivals to report.
Exchange on India for banks drafts at 60 days' sight
remains as quoted in our last, viz.:-Is. 10/d. to is. lid.
per rupee. India Government Joan notes—we quote 4
per cents 921 to 93 ; 5 per cents 102 to 103 ; and 51 per
cents 1091 to 110.
The report of the Bank of South Australia recom-
mends the usual dividend at the 'rate of 10 per cent.,
and the appropriation of £5,975 to the reserve fund.
The prospectus has appeared of the Commercial Ac-
cident Assurance Society (Limited) with a capital of
£lOO,OOO in shares of one pound each.

LONDON STOCK EXCHANGE-YESTERDAY.

LATEST PRICES -AFT.