The Sun.
London, England, 1870-04-07 00:00:00

MONETARY REPORTS.- YESTERDAY

Owing to the absence of a great many members, caused
by the inter-University Boat Race, the Stock Exchange,
markets have been quiet to-day ; but in consequence '3l
- the abundance of money, the tone generally has been Otis'
factory. Consols have continued firm, and better, 2t
931 93i for money, and 932, 933 for the May account
Reduced and New Three per Cents., 91k, 92. Exchequer
bills, par to ss. prem. Indian Five per Cents., 113, 113 i;
and Indian bonds, 20s. to 255. prem. Bank stock has bee:
dealt in at 235 ex div. for opening ; and Corporation 0
London, 4i per cent. 1882 Bonds have marked 1021.
For English Railway Stocks there has been but little
inquiry. North-Eastern have continued firm, at
average improvement of 1. Great Eastern also have colra
tinned steady ; but Metropolitan have fallen 1, ant
Caledonian *, whilst Midland, London and North'
Western, and Great Western have ruled lower in value.
Indian stocks have been quiet, but firm. Canada
shares have been unaltered in value, with a moderate in'
q-airy.- Foreign shares have been dull, and mostly witho
change.
Notwithstanding that transactions have been restrictea
firmness has been the feature of the market for foreiria
bonds. Argentine, 1868,' Brazilian, 1852, 1858, 1859, and
Peruvian, 1862, have risen 1, Peruvian, 1865, an
Turkish Five per Cents. I.
American Government securities have been steaclP
The Five-Twenty bonds have risen and Virginia i•
British mining shares have been dealt in quietly. rfs;
vidence " Uny Lelant " have risen 2. In the value ek
. Colonial and foreign mining shares very little busbies°
has been doing.
For bank shares the demand has been restricted, but
prices have been maintained.

Telegraph Shares have been quiet, with a drooplog
tendency, British Indian Extension have fallen 1 811
British Indian Submarine I.
Telegraph Construction Shares have been flat, and 1
lower, and Silver's Indian Rubber have receded
In Miscellaneous Securities very little business ham bin
doing, at about previous quotations.
At Mark-lane to-day wheat has been quiet, at I'
day's prices.

The Glasgow Jute Company have announced an 111.
terim dividend at the rate of 10 per cent. per annum.
The tenders for £387,500 bills on India were held at the
Bank to-day. £383,500 was allotted to Calcutta, and
£4,500 to Madras. Tenders at is. will receive about
25 per cent, and at above that quotation in full
At a meeting of the London and Delhi Bank (limited'
and reduced) out of a net profit of £7,086 a dividend at the
rate of 4 per cent. per annum was declared. The doubt'
ful-debt account, and the locked-up capital were stated

to have been considerably reduced, partly by realisations'
and partly by renewals with good security. The greater
number of the Albert policies were stated to have been
taken up by other companies, but there still remains !
sum of £6,300 uncovered by any other securities except
the old Albert policies, and in case the Albert Comp
is not resuscitated it is doubtful whether it would be t'°
the banks' interest to provide other policies.
The payment of the dividends commenced to-day, and
a large increase has been already apparent in the supPli
of money. The demand for accommodation has been
quiet both at the Bank and in other quarters, and in th,„s
general market three months' paper has been freely
negotiated at 21 per cent., the tendency being to st°
lower rates.

Advices from Alexandria state that the new DairaLoso
for £5,000,000, bearing 7 per cent interest, is confirraecl
The contractors have taken it at the price of 70. M'
however, the Porte has protested against the operations
and its introduction is regarded both here and eliewber°
as a breach of existing contracts, it is thought probable
that it will not be further proceeded with.
The report of the Grand Trunk of Canada Railway
Company, to be presented on the 4th inst., shoo
balance for the half-year of £1.09,963. After meetiog
various expenses, and paying £67,737 as interest on fir°
preference bonds, a balance of £1,618 will remain to b°
carried forward.

At a meeting of the British EMpire Mutual Life AB-
- Company the new policies for the year were stated
at 601, assuring £192,211, and yielding in new premiuo
£6,072. The total income was £102,238, and the accutalv
lated fund amounts to £448,659.

Messrs. G. H. Schriider and Co., have invited apPli°'
tions for £450,000, 8 per cent. gold bonds, of the Stnt6
of Alabama, at 94i, or reckoning allowances at 93 por-
able in instalments, tile last of which will fall due on Oa
15th June. The capital is required to meet the State
subscription to the Alabama and Chattanooga Rai
which is to form a link in the long line of communication
bet Ween New York and New Orleans. As the State
has not failed to meet honourably all obligation*
and as the present debt only amounts to about £B7s,°°°'
it is probable that the loan will meet with success.