The Sun.
London, England, 1870-06-10 00:00:00

MONETARY REP ORTS -YESTERDAY.

During the earlier hours of the day, considerable de
pression was observable in the Stock Exchange markets.
With a pressure of sales, both in the railway and
foreign bonds market, a general reduction took place
in prices. The heaviness, however, so far
as foreign bonds have been concerned, proved to be but
temporary, inasmuch as towards the close a strong de-
mand was experienced, and the quotations improved in
most instances. Consols have been quiet, at 92k, 92i ex

div. for delivery, and 92f, 921 ex div. for the
July account. Reduced and New Three per
Cents., 92i to 92a ; Exchequer bills par to ss. prem. Bank
stock, 234 to 236 ; Indian Five per Cents. have been done
at 111 to 1111 ; and India bonds at 20s. to 255. prem.

For English railway stocks there has been very little
inquiry. Metropolitan at 671 to kii., shews a further
recovery of i from the late heavy fall. On the other
hand, Caledonian has receded to 76-1 to 77, being a fall of

; Great Northern A has fallen or to 1341 to 135
whilst Midland at 1211 to 121, and London and North
Western at 1301 to ma, chew a decline of and

respectively.
Indian stocks have been quiet but unaltered. Canadian

shares have been flat. For foreign there has been but
little inquiry.
The market for foreign bonds opened heavily, but a

prem.

general recovery subsequently ensued. Spanish (1869) at
one time fell to 30 9-16 sellers, but eventually
returned to 304, 31. Turkish Five per Cents at 53g

are better; ditto Six per Cents (1865) at 64k, i; ditto
(1869) at 64k, ; Egyptian (1868) at 82i, ; Italian at
59k, ; and Mexican at 16k, j better ; Peruvian (1865) at
90i are / lower. The Japanese scrip has experienced a
further heavy fall, and is now quoted at 3 dis.
The new Peruvian Loan is quoted at 4 1 prem., and
the Spanish at 2/ 21 prem.
American securities have been steady, and prices have
been without change of importance.
Bank shares have steadily maintained previous quota-
tions, but the demand for them has not been active.
Union of London have marked 41 ; London and County,
50t ; and Imperial Ottoman Bank, 41 prem.
Telegraphic shares have continued dull. Anglo-Medi-
terranean have fallen /. Telegraphic construction, after
marking 30k, receded to 30, 30k.
In Miscellaneous Securities the transactions have been
to a limited extent, and the fluctuations have been unim-
portant.
The sum of £24,000 has been sent into the Bank to-day.
The Clearing House return for the week ending June
Bth shews a total of £64,751,000, against £61,606,000 for
the corresponding period last year.
The next series of public sales of colonial wool are an-
nounced to commence on the 16th instant. The arrivals
are as follows :—New South Wales and Queensland,
44,841; Victoria, 73,523 ; South Australia, 25,335; Tas-
mania, 13,125 ; New Zealand, 55,947 ; Western Australia,
3,747 ; and Cape of Good Hope, 23,244 bales. Total,

239,762 bales.
The Money Market to-day has been without feature of
importance. There has been a fair supply of capital, for
which the demand has been moderately active. Three
months' paper has been charged 21 to 3 per cent. In the
Bank rate no alteration has been made.

The Lafayette has arrived at Brest with £77,200 in
specie, and the Asterope from New Zealand with £7,672.
Tenders have been invited by Mr. Charles Cave, the
financial agent of British Guiana, for £16,000 bonds, to
replace other bonds falling due. Tenders are to be sent
to Messrs. Prescott, Grote, and Co., on or before the 23rd
inst.

At a meeting of the Mark-lane Building Society a divi-
dend at the rate of 7i per cent. per annum was declared.
A meeting has been held of the Emperor Life and Fire
Assurance Society. It was shewn that policies issued
during the year had amounted to £257,987, whilst the
claims had not exceeded £6,479. A dividend at the rate
of 5 per cent., and a bonus of 1 per cent. were declared.
The following is from the Levant Herald of the Ist
inst. :—The Minister of Finance has concluded a loan
for £250,000 with Messrs. Coronio, Syngros, and Co.,
the proceeds of which are, it is said, to be applied to
the withdrawal of so much of the beshlik and altaik
currency, in accordance with the often repeated, but as
yet unredeemed, promise of the Malieh. An arrange-
ment has at the same time been made with Messrs. Lebet
et Fils Victor to purchase the debased coin when melted
into ingots, at a rate which, if the price reported to us be
the true one, will be a favourable one for the Treasury.
In connection with this operation, it is now alleged that
the £BO,OOO or £90,000 of copper money bought up by the
Government some months ago—with the effect at the time of
lowering the lira to 105 p.—was not called in (as was said
to be the object of the purchase), but was sent, part of it
to Bagdad, and the rest to Mecca, where the coins are
now in circulation.
- - - -

_
Our local commerce continues dull, and during the past
week, as for many previous weeks, transactions of nearly
all kinds have been exceedingly languid and unimportant.
The chief cause of this stagnation, which is very marked
as compared with former times, is easily explained. The
principal business of the place is now to a great degree
confined to supplying purely local wants, whereas formerly
this latter trade formed but a small proportion of the gene-
ral dealing, a great part of which consisted of furnishing
not only the provinces in the interior and along the shores
of the Black Sea, but also Persia and Georgia, whereas
these countrits import their produce now direct and not
through Constantinople, and even at Salonica, Rodosto,
and Enos now European steamers land their cargoes
which have been ordered by the local merchants direct
from Europe. Constantinople has thus lost a large mass
of commercial clients, who now go elsewhere, and is more
or less confined to the trade which springs from local con-
sumption, a source, however, which is continually in-
creasing in importance.
The Perpetual Six per Cent. A Debenture Stock of the

Devon and Somerset Railway is quoted at 1 to 2;

-
The shares of the Blaenavon Iron and Steel Company
are quoted 1 to 1i prem.
The return of the Bank of England spews the following
results when compared with the previous week :—A
decrease of circulation of £178,396 ; an increase of
public deposits £649,785 ; a decrease of other deposits
of £42,574 ; an increase of Government se-
curities of £242,979 ; an increase of other securities
of £34,817 ; an increase of bullion of £148,922 ;
a decrease of rest of £2,097 ; an increase of reserve of
£308,187. The circulation—including bank post bills—is
now £23,245,021; public deposits amounted to £10,715,594 ;
and private securities to £16,067,318. The securities held
represent £32,479,591, and the stock of bullion is
£20,643,314. The rest figures for £3,694,972.