The Sun.
London, England, 1870-06-13 00:00:00

MONETARY NEWS-SATURDAY.

Although business in the Stock Exchange has not been
exteneive, the markets generally have presented a steady
appearance, and the value of most classes of securities
has been maintained. Consols have been firm at yester,
day's improvement, viz., 92k, 922, ex div. for delivery,
and 92k, 93 ex div. for July. Reduced and New Three
per Cents. 9214, 922. Bank stock, 234, 236. India Five
per Cents. have been done at 111, 1111 ex div., and
India Bonds, 215., 265., prem. ; Exchequer Bills, par to

ss. prem.
English railway stocks have been dealt in quietly, and
the bulk of the alterations have been of an unfavourable
character. Exception must be taken, however, to Metro-
politan and North-Eastern, the former of which at 67, 67i
and the latter at 1471, 148, shew an improvement of Viand
respectively. Caledonian at 76k, 771, has been lower;
South Eastern, at 761, 76i,i; Great Northern A, at 1351,
nst Great Eastern, 414 421 ; and Midland, at 1321
1321, lower.

Indian stocks have been quiet. Canadian shares have
been firm;and Great Western have been better. As
regards foreign shares, Lombards have risen
American Government Securities have been quiet but
firm. Erie shares, however, have been * lower.
Bank shares have been quiet, but the quotations have
been maintained.

In Telegraph shares the businegs doing has been only
moderate, and the movements in prices have been unim-

portant.

There has been a fair supply of capital in the discount
market. The demand for accommodation has been to a.
moderate extent, and the rate for negotiating three
months' paper has been unaltered at 23- to 3 per cent.
The Russia, from New York. has brought £42,400 in
specie, and the Holsatia £23,400.
The Syria has taken out £380,000. _ _

The surf of £60,000 has been sent into the Bank to-day.
The directors of the London and Provincial Marine In-
surance Company have resolved to make a payment on
account of interest, for the half-year ending June 30th,
at the rate of 10 per cent. per annum.

Mr. George Whiffin, the liquidator of the Brighton
Arcade (Limited), has declared a fourth and final divi-
dend of 4s. in the pound, making, with former dividends,
20s. in the pound paid.
Paris advices state that a project is on foot for estab-
lishing a Bank of Public Works for Turkey. It is sup-
ported by some very powerful capitalists.
The report of the Ceylon Company (limited), to be pre-
sented on the 21st inst., recommends a dividend at the
rate of 7 per cent. per annum, and an appropriation of
£22,000 to reserve, leaving £6,968 to be carried forward.
A resolution will also be proposed to enable shareholders
to pay up their shares in full, the foreclosing of mortgages
having called for the employment of additional fund.
The half-yearly coupon due on the Ist of July on the
Honduras Government Ten per Cent. Railway Loan will
be paid at the London and County Bank on and after that
date.

The market for Foreign Bonds opened steadily at a
further improvement. Italian (1861) have been in request,
and, at 59k, are better. Menioan at one time marked 16k,
buyers, but subsequently receded to BR to 16k, being a riso
on the day of 4. Spanish (1867) at 31 to 31i, and 1869,
at 31* to 314, or respectively 1-16 and * per cent, better.
On the other hand, Turkish Five per Cents. on reali-
zations have relapsed to 53 13-16, being a decline of 4.
The New Spanish Loan is quoted at 33 to 3, prem., and
the New Peruvian at to A prem.

The Railway traffic returns for the past week are as
follows :—Lancashire awl Yorkshire, £52,335 ; increase
on the corresponding period of last year, £6,575. Midland,
£76,309; increase, £11,946. North Eastern, £88,356;
increase, £11,831. South Esstern, £30,504 2s. ; increase,
£1,367 13s. 9.
Messrs. C. Devaux and Co., are authorised to receive
subscriptions for certificates on account of the Roumanian
Government Iron Bridges Annuity to the extent of
£434,331 in bonds of £lOO bearing 7 per cent. interest,
at the price of 86 per cent. payable as fol-
lows :—£s on application £lO on allotment, £l5 on the
15th of July, £15,000 Ist of August, £20,000 Ist of Sep-
tember, and £21,000 Ist of October, less £3 Bs. 10d, the
amount of the October interest coupon and income tax.
The loan is redeemable by an accumulating sinking
fund in eleven years, by half-yearly payments, and
the whole loan will be paid off in 1881. The first
drawing is to take place in July 1870, and the principal
interest will be payable in London at at the office of the
contractors, The annuity bears a double guarantee,
viz., the guarantee of the Government by annual
insertion in the Budget of the State, and the
prior hypothecation of the revenues of the
salt mines of the United Roumanian Princi-
palities, the revenue of which, as per budget of
1868, was £546,296. The number of bridges is 22, of which
19 are already opened for traffic, and the Roumanian Iron
Bridges Maintenance Company (Limited) who have taken
800 of the certificates, have entered into a contract to
maintain, keep in repair, and open for traffic the whole of
the said 22 bridges. The certificates of the Roumanian
Government Iron Bridges Annuity Loan have marked 1i
to 2i prem. The subscription list will close on the 13th
instant for London, and on the 14th for the country.
The African Steamship. Company will pay a dividend of

Bs. per share.
A final dividend of 91d., making, with former distribu-
tions, Bs. 9,Ra. in the pound, has been paid to the
creditors of Messrs. Roskell, Arrowsmith, and Kendall,

formerly bankers at Preston, who failed in May 1868.
The report of the Anglo-Austrian Bank shews a nett
profit of 7,192,614 florins, and that the available
balance is £320,000. A dividend of one pound
per share, making £1 Bs. 9d. for the year,
is recommended. The general council having
proposed, and the general meeting having sanctioned an
increase of capital to the nominal amount of £400,000,
by the creation of 20,000 shares, with £lO paid up, share-
holders have the option of taking one new share for every
six old shares, in lieu of receiving the remaining £1 13s. 4d.
in cash.

LON DoN &rota EXCIIANGE—SATURDAY.

LATEST PRICES AFT:

ER OFFICIAL HOURS.

(I OVE'ItNIIHNT

Three per Cent Cousols 925 925xd
Do. for Account - 92i 93 ad
Three per Cent ltdcd 925 925
New 3 per Cent
Exchequer Bills,March, par spm
Do., June
Bank Stock
India 5 per Cents lll 111
Can.6pcjau.&JulylB77-84 1075108
Do. 5 per cent do. 985 99
Domin. of Can. spc 1903 975 985
New S. W. 5p e 1871-76 102 103
New Zealand 6 p c 1891 ll2 114
Do. 5 per cent 99 100
Do. 5 p c Consolidated
Queensland 5p c 1882
Victoria 6p c Jan.& July 115 1165
Do. 5n c do. 103 1045