The Sun.
London, England, 1870-11-04 00:00:00

MONETARY REPORTS.-YESTERDAY.

The news of the meeting of Count Bismarck and M.
Thiers imparted a firm tone to the Stock Exchange at the
commencement of the business, and a general advance
ensued. Towards the close this inclination to steadiness
was intensified by the circulation of two rumours, one
stating that M. Gambetta had asked for an armis-
tice, and another that arrangements for a ces-
sation of hostilities were so far advanced that
the signing of the armistice was about to be
accomplished at once. The market for foreign bonds
became very firm, at a decided improvement. The
French loan recovered 2a, 21 prem. ; Consols rose per
cent., or to 934, 93i for delivery, and for December ; Re-
duced and New Three per Cents., 91k, 923 ; Bank stock,
231, 233 ; Exchequer bills, Bs. to 12s. prem. ; India Five
per Cents. have been done at 1124, 113 ; and India bonds,
18s. to 235. prem. Colonial Government securities have
been quiet, but prices have been well maintained.
Although the demand for railway stocks has not been
so extensive as for foreign securities, a fair amount of
animation has been apparent, and prices have ruled firm.
Great Northern A, 1354, 1351; Great Eai3tern, 39a, 393 ;
and North-Eastern, 1444, 1442 are each 4 better, whilst
Caledonian has risen 4, or to 764, 77. Metropolitan is
quoted at 62-2, 63; Brighton, 42, 424; South-Eastern 75,
754; North-Western, 128, 1284; and Great Western
702, 714.
There was not much inquiry for Indian Railway stocks.
East Indian, 1104 ; Great Indian-Peninsula, 106 k; Oude
and Rohilkund,lo44. Canadian shares have sold slowly.
Foreign shares have been firm, but not active. Lombards
have been 4 better at 144, I. Lemberg Czernowitz have
marked 163 ; Recife and San Francisco, 154.

Considerable animation has been noticed in the market
for foreign bonds, and a general and, in some instances,
an important advance has taken place in the quota-
tions. Italian (1861) have risen 1, or to 562,
57; Spanish (1867) I, or to 321, 32 ; ditto
(1869) /, or to 321, 321 ; Egyptian (1868) k, or to
78k,. 79k; Turkish Five per Cents. or to 47f, 471;
ditto (1869) 1, or to 55, 55+; United States Five-twenty
(1882) Bonds have been done at 891, 892 ; ditto (1885)
881, 881; Erie Shares, 182, 19 ; and Illinois Central,
110, 111.
The tone of the market for bank shares has been firm,
and prices have been well maintained. Anglo-Egyptian,
24, ; London and County, 491; and Union of London,
38. Imperial Ottoman have been 1 better at 21, 22 p.m.
In telegraph shares there has been but little inquiry.
Anglo-Mediterranean, 133 ; British Indian Submarine,
71, 7 ; Falmontlas, 101; and French Cables, 14, 141.
Telegraph Construction, 272, 28.
Miscellaneous securities have changed hands quietly.
Ceylon Company, 6+ ; Hudson's Bay, 9; National Dis-
count, 11k, 1 ; Peninsula and Oriental Steam, 492.
The sum of £20,000 has been sent into the Bank to-day,
and £37,000 in sovereigns withdrawn for Egypt.
The Clearing House return for the week ending Novem-
ber 2 chews a total of £81,297,000, against £72,418,000
for the corresponding period last year.
No alteration has been made in the official minimum,
the quotation still being 21 per cent. An upward move-
ment, however, is expected at no very remote date. The
demand for discount to-day, both at the Bank and in other
quarters, has been to a moderate extent, and three months'
paper in Lombard-street has been charged 2g to 21 per
cent.

Silver is firm. Bars have sold at 60ad., and Mexican
dollars, 58id. per ounce.
Another sum of nearly £200,000 in silver is expected
within the next few days from Japan, being a further
return on account of the amount sent out in connection
with the disproved loan.
At a meeting of the London and South African Bank
the directors report, of which the following is an extract,
was adopted. The net profits amount to £13,255 19s. 3d.,
out of which £2,500 has been carried to the reserve held
against losses, and from the remaining sum of £10,755
19s. 3d. the directors have resolved on making a payment
to the shareholders of 7s. per share in anticipation of the
yearly dividend, carrying the balance £2,005 19s. 3d.
to the next account. Subsequently the meeting was
made special, and the following resolutions were adopted :
---`• 1. That the present capital of the bank, amounting to
£500,000, be reduced to £400,000, by cancelling 5,000
shares, to be surrendered by such shareholders as may be
willing to surrender the same at the price of £l5 per share.
That in the event of more than 5,000 shares being
tendered for surrender, such shares shall be surrendered in a
rateable proportion, and that the sum of £25,000 (being
the remainder of the capital represented by the 5,000
shares to be cancelled) be added to the reserve fund of
the Bank. 2. That the Court of Directors be authorised
to take such steps as they may consider necessary for
carrying the above resolutions into effect."

LONDON STOCK EXOIIANGE.-THIIRSDAY.

LATEST PRICES.—AFTER OFFICIAL HOURS.
The prices under the lines indicate the business done.