The Sun.
London, England, 1870-07-16 00:00:00

MONETARY REPORTS,-YESTDERAY.

The settlement of the account, although it has been
on much less disastrous terms than was expected, has,
nevertheless, witnessed the weakness of some
members. Four declarations of inability to
meet engagements, have again been announced, and
it is also rumoured that two well-known
firms have requirrd assistance. The markets to-
day have been in a very depressed state, owing
to the rumour of a declaration of war, and badness
has been almost at a standstill. Consols have
fallen per cent„ being quoted at 91k, 91A for delivery,
and 91k, 91 for August. Reduced and New Three per
Cents., 91k, 91g. Bank stock, 230, 235. Exchequer
bills par to ss. prem. Indian Five per Cents., 1101, 111,
and Indian bonds 205., 255. prem.
Much heaviness has been noticed in the market for
foreign bonds, and at the close, onthe rumour of war gain-
ing strength, by the fall in the price of Rente to 64i,
most stocks became uasaleable. Italians are quoted at 47
to 48 ; Spanish (1867), 24} to 25; do (1869), 24} 242 ;
Turkish Five per Cents., 40 to 41 ; Egyptian (1868) 72 to
73 ex div.

English railway stocks have suffered in sympathy with
foreign bonds, and a general reduction has taken place in
prices.

There has been very little inquiry for Indian railway
stocks, at about late rates. ` Canadian shares also have
been flat and without change. As regards foreign shares,
Lombards have been dull, and about lower.
In Bank shares very few transactions have taken place.
Imperial Ottoman have been A lower, at 2 and 2A prem.
Business in Telegraph shares has been at a standstill, and
prices have shewn no change of importance.
Miscellaneous securities also have commanded but
little alteration, and prices have had a drooping tendency.
Telegraph Construction, 25k.

The Russia, from New York, has brought £16,000.
The directors of the West of England and South Wales
Banking Company have declared a dividend at the rate of
8 per cent. per annum.

The report of the Alliance Bank, to be presented on the
21st inst., shews an available total of £23,698, including o
previous balance of £3,379, and recommends a dividend of
10s. per share, or at the rate of 4 percent. per annum, which
will absorb £19,413, and leave, after an appropriation of
£728 to building and furniture accounts, the sum of
£3,557 to be carried forward. With a view to concentrat-
ing tho business of the bank the directors have arranged
to transfer their Southwark branch on the 18th instant to
the London Joint-Stock tank. The deposits held are
£1,461,423, being an increase of £190,170 on the corre-
sponding date of last year, and the paid-up capital re-
mains at £970,650 and the reserve at £9,346.

The discount market has been fairly supplied with
capital to-day. The demand for accommodation has
been rather quieter, and three months' paper has been
taken at 2/. to 24 per cent.

Messrs. Pixley, Abell, Langley, and Blake thus report
on the state of the bullion market : —300,000 sovereigns
have been withdrawn from the Bank for Buenos Ayres,
and £40,000 per Good Hope, for the Cape. £157,000
in bars have been purchased by the Bank,
and there being at present no export demand for
gold, it is probable that further large amounts
may be sent in. The arrivals are over £600,000.
There has been no demand for silver for the East, but
some inquiry for Holland, all amounts on the market
being taken at 608 d. per oz. standard. The market is this
day firm at the above quotation. Mexican dollars have
been sold during the last week at 599 d. per oz. A consi-
derable amount is reported to be on the way from Mexico;
these, it is stated, may probably be expected towards the
end of the month. Exchange on India for banks drafts
at sixty days' sight is is. mid. to is. llid. per rupee.
India Government Loan Notes are without alteration.
We quote Four per Cents 92i to 93 ; Five per Cents, 102
to 103 ; and Five-and-a-Hall per Cents, 1091 to 110.
With reference to the progress of the public sales of
colonial wool, Messrs. Helmuth and Schwartze remark
that up to date 165,000 bales have been catalogued, leaving
about 100,000 bales still for disposal. May
closing rates have ruled throughout with remarkable
uniformity. The firm tone in the continental market has
contributed to this steadiness, which, moreover, has un-
doubtedly found a strong support in the circumstance
that three clear months were allowed to the trade to dis-
pose of the enormous quantities offering. But the ab-
sence of fluctuation in so long a series also argued a very
healthy position of the article, the more as disturbing in-
flnences from without have not been wanting. Under
more precariatis conditions the serious political compli-
cations of the last eight days could not have failed to
greatly embarrass a market flooded with supplies in an
exceptional degree. But the war apprehensions have
hitherto produced but a slight impression upon the sales,
and the prices, which hardly at any time could be called
quotably lower, immediately regained their former firm-
ness with the return of more peaceful intelligence.

LONDON STOCK EXCHANGE.-FRIDAY.

LATEST PRICES.-AFTER OFFICIAL HOURS.

The prices under the lines indicate the business done,

GCVERNMENT SECURITIES.

Three per Cent Consols 911 921 Pict 5p c Jan & July 1894. 101 102
911, 1, 21, 11, 4 Brazilian, 1865, 5p c .... 90 92
Do for Account
92, 11 Egyptian, 1868, 7 p c.. .. 77 79
Three per Cent Reduced 92 924 75, 31, 52
911, 28, li Do Rail Deben 7 p • • 97 99
New 3 per Cent
921, 14, 24 Italian, 1861, 5p c ... ._ _ _
Exchequer Bills, March Is, 6spm 51, 491, 501, 48
par Peruvian, 1865, 5p 0 .... 87 89
Do, June ls, 6s pm 874, 84
Bank Stock
233, 234 233 235 Portuguese, 1869, 3 p c.. 30 32
304, 2
India 5 per Cents 11611114 Russian, 1866,91 5p c
1101, 1114 921, 901
India Bonds 205, 25spm Do Nicolas 4p c
21s prem 681, 74
Can 6pc Jan&JulylB77-84 10311041 Spanish, 1867, 3pc
103/ . 251, 5,1, 41, 6, 51
Do March & Sept. 105 106 Do, 1869, 3p c
Do 5p c Jan & July .. 951 961 25
96 Turkish, 1854, 6p c B5 87
Do Inscribed Stock .. 95 97 Do, 1815, 5p c
Dom of Can 5p c 1903 .. 971 984 411, 3, 11, 3, 401, 1
Ceylon 6 p c May and Do, 1865, 6p c
November 1878 lOB 109 66, 7, 21
Mauritius 6p c Jan and U.S. 5-20 Bonds, 6p c 1882 86 87
July 1873 lOl 103 86, 71, 61
New S Wal
86
es 5 p clB7l-76 100 101 Do do 1885 86 87
101 4
New Zealand 6p c 1891 lO9 111 Do 10-40 Bnds, spc 1904 84 86
Do 5p c
Do 5p c Consolidated 981 991 171, I
981 x d Illinois Central Shares -126 108xd
Do 6p e Mar & Sept 1891 111 113 1061, 7
Do June & Dec 1891 109 111 Atlantic and GW R Con
Pict 6p c Jan & JulylB9l 112 113 Mortgage Bonds -
DoApril & Oct 1833-85.. 111 112
1111

48 50

93 94