The Sun.
London, England, 1870-06-20 00:00:00

AIONETARI NEWS-SATURDAY

Much quietness has characterised the demand for most
classes of securities in the Stock Exchange to-day. Rail-
ways, in particular, have been flat, and have generally
receded in value, but foreign bonds, although in but
limited request, have shewn no movement of importance,
whilst the tendency, so far as regardslelegraph shares, has
been favourable. Consols have been quiet, at 92i to 92a ex
div., for delivery, and 92a to 92i ex div., for July. Reduced
and New Three per cents 92k, 920. Bank stock has marked
234 to 235. India five per cents. have been done at 110:7
to 1101 ex div., and Indian Bonds at 20s. to 265. prem.
Exchequer Bills par to ss. prem.

For English railway stocks there has been very little
demand, and with the exception of an advance of in
South Easterns, the fluctuations have been unfavourable
Caledonian has fallen ; Great Eastern, ; Great
Northern A, ; Great Western, ; London, Chatham,
and Dover, ; London and North Western, -4 ; Manches-
ter, Sheffield, and Lincolnshire, 4 ; Midland, 4 ; and North-
Eastern, I.
Indian stocks have been quiet. Canadian shares have
been flat, but unaltered. For foreign shares there has
been very little demand. Great Luxembourg have fallen
and Lombards 4.
In the market for foreign bonds very little business has
been doing, but the fluctuations have been about evenly
balanced. Greek have risen per cent., and a similar im-
provement has been noticed in Mexican. On the other
hand, Spanish have been dull and drooping. Turkish
Five per Cents., and do. (1869), have fallen 1, and Italian
per cent.

American Securities have been steady. The Five-
twenties and Ten-forty Bonds have risen Atlantic and
Great Western Consolidated Mortgage, and Erie
Shares, 1.
Bank shares have been purchased to a limited extent,
but prices have been without change.
The tone of the market for telegraph shares has been
more healthy. The business doing has not been extensive,
but an advance of has taken place in British Australian,
British Indian Extension, Falmouth, Gibraltar and
Malta, and Marseilles and Algiers, Silver's India-rubber,
and Telegraph Construction have each risen
In the discount market there has been a fair supply of
capital. The demand for accommodation has been to a
moderate extent, and the rates for negotiating three
months' paper have been, steady, at 2j, 3 per cent.
-The contemplated Six per Cent Loan for £1,034,770, for
Buenos Ayres, is expected to be introduced by Messrs.
Murrieta in the course of a day or two, at the price of
about 90 per cent.
At the meeting of the Law Life Assurance Society, held
to-day, the directors' report was unanimously adopted.
It stated that the total assets of the company, including
both the guarantee and assurance funds, on the 31st of
December last, amounted to £5,537,281 ls. 11d., and that
the number of policies remaining in force was 6,887, as-
suring £8,578,390, with revisionary bonuses amounting
to £1,671,574, making the sum at risk on that day
£10,249,964.
The sum of £77,000 has been sent into the Bank to-day.
The prospectus has appeared of the Honduras 10 per
cent. Government Railway Loan for £2,500,000 in bonds
of £lOO at the price of 80. The loan is to be reduced at
par within 15 years by annual drawings, by means of an
accumulation sinking fund of 3 per cent. per annum. The
instalments must be paid as follows :-15 per cent. on
allotment, 10 on Ist August, 10 on Ist of September, 15 on
Ist of October, 15 on Ist of November, and the balance on
the 15th of December.

Messrs. C. de Murrieta and Co. are authorised to re-
ceive subscriptions for £1,034,700, in a 6 per cent. stock,
at the price of 88 per cent., payable as follows :-5 per
cent. on application; 15 on allotment; 15 on the 3d of
August ; 15 on Ist October ; 18 on 15th November ; and
20 per cent. on the 30th of December. A sinking fund of
1 per cent. will he attached to the loan. The proceeds are
to be applied exclusively to works of public industry.

LONDON STOCK EXCHANGE-SATURDAY.

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