The Sun.
London, England, 1870-07-21 00:00:00

MONETARY REPORTS .-YESTERDAY. ESTERDAY.

The refusal of France to accept the mediation of Eng-
land, on the ground that existing circumstances do not
come within the scope of the Treaty of 1856, has effec-
tually removed all hopes of a peaceful solution of the
dispute between France and Prussia, at least, for
the present. Henceforth the sword will be the arbiter of
their quarrel, and the commencement of actual hostilities
is hourly expected. As the rejection of our proffered
mediation was expected, no effect has been produced on
the Stock Exchange. There, there has been an almost entire
suspension of business. Stagnation has been everywhere
apparent, and the actual business concluded has been
very moderate. Dealers are still heavily supplied with
all descriptions of speculative stocks, and as, although
purchases on the part of the public have been made, they
have been far too insignificant to neutralise, or even in the
remotest degree affect, the depreciation resulting from
the recent enormous sales, There has been no repetition
of the panic to-day, owing to the absence of all rumours
likely to suggest further complications in Continental
political affairs. At the close of business a rather better feel-
ing prevailed, in consequence of some bona fide transactions
for investment. Prices of all securities have now reached
a very low level, and offer a heavy remuneration to the
investor. As it is daily becoming more certain that the
war will be localised to France and Prussia, it is
difficult to understand why the stocks of neighbouring
countries should be depreciated to the eitent they are at
the present moment. Doubtless the existing depression has
been considerably intensified by the closing of the late Sir
R. Harvey's account, thereby throwing further heavy sup-
plies on the market. So soon as the approaching accounts
shall have been satisfactorily arranged it is believed that
a better feeling will gradually supervene.

The consol market has been unsettled. At one time
the price fell to 89k, but at the close it recovered to 89k,
89g for delivery, and the account. Reduced and New
Three per Cents. 89i, 89.2 ; bank stock 233, 235 ; Indian
5 per cents. have been done at 1101, 111; and India
bonds at 20s. to 265. prem.
Although much depression was apparent in the market
for foreign bonds during the earlier hours, the tone at the
close was more favourable, and there was a slight
tendency to recovery. Spanish (1869) have been done as
low as 22k, but the price rallied at the close to 23k, 24. the
1867 being quoted the same. Italian, 44, 45 ; Turkish
Five per Cents. 35k, 36 ; Egyptian, 66, 67 ; United States
Five-twenty bonds, 80, 8L
The market for English Railway stocks has continued
depressed, but prices do not close at their worst. North-
Eastern have been done as low as 125, but close at 129,
130. Metropolitan stock is quoted at 67, 68 ; Great
Eastern, at 31i, 32k ; Midland, at 121, 122 ; North-
Western, 1201, 1211 ; Great Western, 63, 64.
The changes in prices are as follow :—A fall of 1 in
Great Eastern and North Western, of 2 in Midland, of
in Brighton, and of in Metropolitan, Caledonian,
Great Eastern and North-Eastern.

In Indian Railway Stocks the demand has been inactive
at the late decline. Canadian Shares have been dull, and
there has been very little inquiry for foreign. Lombards
have fallen 1.
Bank shares have been in limited request. Bank of
Egypt have fallen 2, Imperial Ottoman 1, and Union of
London j.
Telegraph shares have been depressed. Anglo-Mediter-
ranean have fallen 1, Falmouth / ; and French Cables, 1;
but West India and Panama have been* better.
Miscellaneous securities have been flat. General Credit
have fallen 1 ; India Rubber,l ; London General Omnibus,
; and Telegraph Construction, +.
Biddings for £400,000 in bills on India have taken place
at the Bank. The amounts allotted have been—to
Calcutta, £97,500; to Bombay, £100,000; and to Madras,
£2,500. The minimum was fixed at Is. 10+d•
on Calcutta and Madras, and tenders at that
quotation will receive about 18 per cent,. above in
full. Tenders on Bombay at Is. Did. will receive in full.
The sum of £140,000 has been withdrawn from the
Bank to-day for shipment to Germany.
The Maine, from New York, has brought £7,000 in
specie.

-It is understood that the Prussian Government have
issued notices to the French merchant shipping at present
lying in the rivers and harbours of North Germany,
granting them six weeks to land and discharge their
cargoes.

Messrs. Rucker, Offor, and Co. report that the Ros-
tock vessel Presto, loaded at Rouen and.ready to sail to
Odessa, has been seized by the French authorities at the
former port, and the crew imprisoned.

- ,
Telegrams from Sunderland state that the Harraton
(s.s.), from Hamburg, reports that the Schaarhar Beacon
was burnt down on Monday morning. Twenty-two steam
vessels running between Sunderland and the North Ger-
man ports are laid off through the war.

In the discount market there has been a continuance
of firmness. Capital has not been plentiful, it being with-
held in anticipation of a rise in the efficial minimum.
Three months' paper has in no case been taken under 3

per cent.
The Magellan has arrived at Lisbon from South
America with £2,000 in specie.
At a meeting of the London and Westminster Bank it
was shewn that, after making provision for all bad and
doubtful debts, paying the Income-tax, setting apart
£2,000 towards the buildings of the bank, the net profits
for the last half-year amount to £175,528 18s. 4d. This
sum, added to £7,503 7s. 10d., the unappropriated balance
of the preceding half-war, will amount to £183,032
6s. 2d. A dividend was declared at the rate
of six per cent. per annum, and by way of
further dividend out of the profits, a bonus of 6 per cent.
upon the paid-up capital of £2,000,000. After these pay-
ments are made, there will remain £3,032 6s. 2d., which
the directors have carried to profit and loss account for
the current half-year.
At a meeting of the Fore-street Warehouse Company,
the directors report was adopted and a dividend at the
rate of 10 per cent. per annum was declared.
At a meeting of the National Discount Company, a
dividend at the rate of 16 per cent. annum was declared.
At a meeting of the Mutual Life Assurance Society, it
was stated that the new business for the past year had
consisted of 297 policies, assuring £160,444, at annual
premiums amounting to £6,038 19s. 2d. The claims
on 57 policies amounted to £33,348, the bonuses
theron to £9,866, together £43,214. This amount is
£24,000 less than that paid in 1867, and £21,000 less than
that paid in 1868. It is also £13,000 less than the esti-
mated rate of mortality. The accumulated fund is
£690,157155. sd, £47,860 having been in the past year
saved from an income of £lOl,BOO. Ten years ago the
accumulated fund was £352,798.

LONDON STOCK EXCHANGE.-WEDNESDAY.

LATEST PRICES.-AFTER OFFICIAL HOURS.

The prices under the lines indicate the business done.

GOVERNMENT SECURITIES.

Three per Cent Consols 894 891 Brazilian, 1865. 5p c .... 84 86
894, 84, 91 9, f 841, 7,5, 6, 51
Do for Account
891, 4, 81, 9 65, 74, 4,5, 34, 64, 54 x d
Three per Cent Reduced 894 894 Do Rail Deben 7 p .. 89 91
894, 911 90
New 3 per Cent
891, 2, 9,1 444, 31
Exchequer Bills, March ls, 6spm Peruvian, 1865, 5p c
Do, June ls, 68 pm 83, 2,45, 2, 4
Bank Stock
232, 3 25,46
India 5 per Cents llOllll Russian, 1866, 5 p c.. .. 84 89
1101, /I 1, 4
India Bonds 2ls, 26spni Do Nicolas 4p c
Can 6p cJan&JulylB77-81 100 103 62
100, 101 Spanish, 1867, 3pc
Do March 8c Sept. 103 105 224 31, 3, 4
Do 5p c Jan & July .. 93 95 Do, 1869, 3p c
Do Inscribed Stock .. 93 95 234, 24, 31, 24, 34
Dom of Can 5p c 1903 .. 94 96 Turkish. 1854, 6p c 7B 82
95 Do, 1865, 5 p c
Ceylon 6 p c May and 364, 5,6, 5, 7
November 1878 lO7 109 Do, 1865, 6p c
Mauritius 6 p c Jan and 53
July 1873 lOl 103 11. S. 5-20 Bonds, 6p c 1882 80 81
New 14 Wales 5 p clB7l-76 99 101 801, 78, 94, 9, 804. 7?)
do 1885 791 80i
New Zealand 6 p c 1891 lO7 109 Do
Do spc
Do 5p c Consolidated 95 97 Do 10-40Bnds, 5p c 1901 77 79
971, 6,1, 5 792
Do 6p c Mar & Sept 1891 107 110 Erie Sha, 100 dole, all paid 144 157
Do June & Dec 1891 105 108 15, 13 2-9
Vict 6pc Jan & July 1891 110 112 Illinois Central Shares .. 97 99
DoApril & Oct 1883-85 lOB 110 95, 84
108, 94
Vict 5p c Jan &July 1891. 97 100 Atlantic and GW R Con 19 21
Mortgae Bonds
18, 174