The Sun.
London, England, 1870-06-27 00:00:00

MONETARY NEWS.-SATIIRDAY.

-The Stock Markets have been without important fea-
ture. During the earlier hours a fair amount of anima-
tion was apparent, and the quotations improved in some
instances, but heaviness subsequently supervened, and
the quotations receded. Consols at the close were per
per cent. lower. For delivery the price was 92i- to 921
ex-div., and for the July account 92i to 92i ex-div.
Reduced and New Three per Cents., 921 to 921. Exche-
quer Bills, par to ss. prem. Bank Stock has marked 233
to 235. Indian Five per Cents. have been done at 111
to 1111 ex div., and Indian Bonds at 21s. to 265. prem.
In the market for English railway stocks the transac-
tions have been to a limited extent, and the general ten-
dency of prices has been unfavourable. Metropolitan, at
701, has been 4 better, and a similar improvement has
taken place in Caledonian, the price being 77k.
On the other hand, Brighton has fallen the
price being 431; Great Northern A, or to 133 ; Great
Eastern, or to 39ii ; Midland, *, or to 1311; North
Western, or to 124
For Indian stocks there has been very little inquiry,
but prices have been unchanged. Canadian shares have
been flat but unaltered. In foreign shares the transactions
have been restricted, and Lombards at 16 7-16 are
lower.

Business in foreign bonds has been limited. Italian
have been is better at 59&, but Spanish have been fiat. The
1867 bonds at 31 9-16 shew a fall of *, and the 1869 at
31* of 1-16 per cent. Brazilians (1865) have fallen *, the
quotations being 91i ; Turkish 6 per cents (1865), or to
73* ; ditto, five per cents., or to 52 9-16 ; ditto (1869), I,
or 63g. The New Peruvian Loan is quoted to 1 prem. ;
the Spanish at 1 to 1i prem. The Honduras loan has
been done as low as par, but has since recovered to I*, 1*
prem.

In the discount market there has been a fair supply of
capital. There has been a moderate demand for accom-
modation, and the rate for negotiating three months'
paper has been unaltered at 2i, 3 per cent.
The sum of £51,000 has been taken to the Bank to-
day.

The Westphalia, from New York, has brought
£61,608 in specie.
Paris advices state that a new loan for the Pope is
spoken of, and an operation of some kind for Russia is
stated to be in preparation.
The conversion of the railway lottery loan of Turkey or
some modification of it, is said to be seriously contem-
plated. The object is to get the new stock admitted to
the Paris market, from which, by order of the Govern-
ment, the lottery excluded.
The report of the Imperial Ottoman Bank shews an
available balance of £322,240. After increasing the
reserve fund to £175,583, there remains £272,650, out of
which £101,250 was distributed by way of interim divi-
dend in January last. A further dividend of 16s. per
share is now recommended, making a total distribution
of 13 per cent for the year, leaving a balance of £9,400 to
be carried forward.

American Government securities have been steady, and
tending upwards in value, the Five-twenty bonds shewing
an improvement of per cent. Illinois Central shares
have risen but Atlantic bonds have fallen 1, and Erie
shares f.
Bank shares have been quiet ; and in telegraph shares
the business doing has been very moderate. Telegraph
Construction shares have been lower, the quotations
being 261
The Court of Chancery has sanctioned the scheme for
the settlement of the claims, and distribution of the assets
in the matter of the South-Eastern'of Portugal Railway
Company. The total amount of the claims is 1,480,000,
and% speedy appropriation of the assets may be looked for,
resulting in the following rates of dividend :—Debentures
of first issue, about 14s. 14d. in the 2 ; ditto second, Us.
10d. in the 2 ; and the general creditors, about ss. 3d. in
the £.

Advices from Athens state that the company for cutting
the Corinth Canal has finally been established with a
capital of 50,000,000 drachmas (21,700,000). The pro-
moters are assisted by a powerful French and Austrian
combination, 'but the London Greeks have declined to
participate. M. Piat has arrived to begin tb e prepara-
tory work, and he will ask for the concession of a railway
from Corinth to join the Turkish lines. The form-
ation is also mentioned of a French company, with a
capital of 24,000,000 drachmas (2800,000), called the Societe
Anonyme de la Plaine de Copais, to dry up the Copais
Lake, and the chairman is said to be the Marquis de
Richmond. The caution motion for a waterworks com-
pany to supply Athens with water bas been fixed at
300,000 drachmas (210,000). All the requisite prepara-
tions for the speedy resumption of cash payments have
been made by the National and lonian Banks.

LONDON STOCK EXCHANGE-SATURDAY.

LATEST PRICES -AFT:

GOVERNMENT

Three per Cent Consols 921 921
Do. for Account
Three per Cent Rdcd 921 921
New 3 per Cent
Exchequer Bills,March, par spin
Do., June
Bank Stock
India 5 per Cents 111 1111xd
Can.6pcJan.&JulylB77-84 107 108
Do. 5 per cent do. 981 991
Domin. of Can. 5p c 1903 971 981
New S. W. 5p c 1871-76 102 103
ew Zealand 6 p c 1891.. 112 114
Do. 5 per cent 9911001
Do. 5 p c Consolidated
Queensland 5p c 1882
'Victoria 6p c Jan.& July 115 116
Do. 5 p c do. 104 1041

RAIL

Bristol and Exeter B6 88
Caledonian 77 78
Great Eastern
Great Northern 12291239
Do. A
Great Western
Lancashire &Yorsshire 133 134
L. B. and South Coast
Lon. Chat., and Dover
Lon. and,North-Western 12991291
Lou..and South-Western 91 92
Man., Shef., and Lincoln 529 521
Metropolitan 7Ol 709
Met. District —
Midland
North British 379 38
North-Eastern Consols
Do. York —

South-Eastern
Bom., Bar., &C1.1nd.g.5 pc 10741084
East India guar. 5 p c
Grand Trunk of Canada 142 154
Do. Ist Preference Rim& 64 66
Great Indian Pen. g. 5p c 108 109
Great Western of Canada 154 152
Madras g. 5p c 10811094
Scinde. Delhi, do.
Scinde, Punjaub, do lO6 107 i
Dutch Rhenish 244 25
Eastern of France 24 25
Great Luxembourg 144 144
Northern of France
0 ttom. (Smyrna to Aidin) 6 74
Recife and San Francisco 1 16
San Paulo (L.) guar. 7p o 21 21i
S. Aus. & Loin. Veneta. 164 16

BANKING COMPANIES.

Pa
10 Agra Bank (L) A 102 11/ 10 Imperial Ottoman 43/4 45pm
25 Alliance (Limited) .. 144 15f 20 Lon.Coar. of Austrlia 233/4 243/4
10 Anglo-Austrian .... 1618 pm 20 London and County 50 51
20 Anglo-Egyptn (Lim) 24/ 24f 15 London Joint-Stock 343/4 353/4
50 British NorthAmrcu 54 56 '2O Ludn & Wstminstr 61 62
20 Ch.of India,Australia 17 18 ' 10 Metropolitan 9 93/4
25 Char. Mere. of India 30 31 20 Midland (Limited) 1 dis, par
10 City
25 Colonial
4 Consolidated (Limtd) / 1 p' 25 Union of Australia.. 46 47
20 Eng., Scot. & Aust. 0 17f 18/ , 15 Union of London .. 393/4 40i
20 Imperial (14‘ited) l9 193