The Sun.
London, England, 1870-06-29 00:00:00

MONETARY REP ORTS-Y - ESTERDAY.

.Although the commencement of the fortnightly settle-
ment has had the effect of curtailing transactions in stocks
and shares, except so far as has been necessary for an ad
justment of the account, the tone of the various depart-
ments has been steady, and prices have improved in some
instances. Notwithstanding the increased firmness in the
value of money, the consol market has been steady, and
the quotations have risen / per cent. The steadiness is
no doubt in some measure attributable to the
telegraphic advices from the provinces, announcing a
further reduction in the value of wheat, and the generally
enhanced aspect of agricultural affairs. Consols for
delivery are quoted at 92k, 922 ex-div., and 92k, 92 ex-
div. for the July account. Reduced and New Three-per-
cents 92k, 921; Bank stock 233, 235 ; India Five-per-
cents have been done at 1101, 1111, and India► bonds at
20s. to 265. prem. Exchequer bills par to ss. prem.
Very few changes have taken place in the value of
English railway stocks, and the business doing has been
unimportant. South-Eastern has fallen or to 76i;
Great Northern A 1, the quotation being 132 ; whilst
Great Western, at 72k, shews a rise of /. Metropolitan,
at 69k ; Caledonion, at 781; Brighton, at 43/ ; Great
Northern, at 1221; Great Eastern, at 391; Midland, at
1311 ; North-Western, at 129/ ; and Great Western, -at
720, are unaltered. North-Eastern is I lower, at 145/.
Indian railway stocks have been dealt in to a very
moderate extent, and prices have shewn no alteration.
Canadian shares have been quiet. For foreign shares
there has been only a moderate demand ; but Lombards,
at 16k, are 1 higher in value.
The market for foreign bonds has been characterised by
increased firmness. Further purchases of Mexican have
been made, and the price has risen to 171, shewing an ad-
vance of /. Turkish Five per Cents, also at 53 1-16, are
1 higher, and the Six per Cents (1869, I, at 63) ; Russian
Nicholas Railway Bonds have risen 1, or to 691; Egyp-
tian (1868) are I better, at 82k ; Peruvian (1865) are
quoted at 92 ; Spanish (1867), at 31i ; ditto (1869), 31/.
The Buenos Ayres Loan is quoted at 11 to 1 prem., the
Honduras at 10 to lfi prem., and the Spanish at to 11
prem.

American Government securities have been steady, •at
the recent improvement. Erie shares have been fiat, and

easier.
Bank shares have sold quietly, and prices have been
without change. In telegraph shares, also, the business
doing has been unimportant, and the movements have
been trifling. Telegraph Construction shares, huwever,
have advanced the quotation being 27*.
There has been rather more demand for bills to-day,
and the tendency has been less favourable to the
country.

At a meeting of the Brighton Chain Pier Company it
was stated that the pier was in an efficient state of re-
pair, and that all liabilities had been paid off. A divi
dend at the rate of 3 per cent.. free of income-tax, was
declared. It was stated that several applications for
leasing the surplus lands belonging to the pier were under
the consideration of the directors.

The supply of money has been less extensive. More
animation has been noticed in the demand, and the gene-
ral rate for negotiating three months' paper has been 3
per cent., occasional transactions, however, have been
effected at 2i.

The report of the Hudson's Bay Company, to be pre-
sented on the sth of July, shews that the Company's
returns for the outfit of 1868, representing the year,
ending May 31, 1870, shew a profit of only £53,321, as
compared with £71,533 on the outfit of 1867, and with
£54,874 on that of 1866; which was the lowest made in
many years. It is too early, as yet, to form an opinion
as to the result of the outfit of 1869, but the disturbed
state of the Red River settlement cannot fail to
produce a detrimental effect. An interim dividend
of 4s. per share has already been paid, absorbing £20,000,
and, after mature consideration, the directors have re-
solved to retain the balance until more definite informa-
tion has been received from the colony. The sum of

£300,000 has been paid to the company by the Canadian
Government, and this sum will be employed in the reduc-
tion of capital to the extent of £3 per share, making the
shares £l7 instead of £2O paid. The company's premises
in Fenchurch-street have recently been sold for £45,000,
which will result in a credit to the company's profit and
loss account of £11,424, when the money shall have been
divided.
In relation to the winding-up of the Joint Stock Dis-
count Company, Messrs. Gruning, Sheppard, Smith, and
Rudge, on behalf of themselves and other large share-
holders, sent a circular on the 18th ult, to all the share-
holders, suggesting their taking the liquidation out of
Chancery and managing it themselves, by seven or nine
shareholders of good position acting as voluntary liquida-
tors. This was assented to by such a large number of
shareholders, representing over 22,000 shares, that at a
meeting on the 3d of June it was resolved to take the
necessary steps for carryipg out the scheme, and a special
meeting of the shareholders will accordingly be held on
the sth of July, at two o'clock, at the Cannon-street
Hotel.

A report has been circulated that the London and St.
Catherine Dock Company had resolved to declare a divi-
dend at the rate of 11 per cent. The Secretary states
that-up to the present moment the accounts up to the
30th of June have not yet been made up, and the direc-
tors have no means of ascertaing with accuracy the earn-
ings and expenditure of the company. They are, there•
fore, not in a position to state the amount of dividend to
be declared.

At a meeting of the Bank of South Australia, the direc-
tors report was adopted, and a dividend at the rate of 10
per cent. was declared, after appropriating £5,795 to the
reserve fund.

A favourable report has been received from the Tag-
naril Gold Mining Company, dated May 28th.
The following are some of the official "making-up"
prices, being the first day of the fortnightly account :
Railways : Metropolitan 70, ditto district 28, North
Eastern Consols 1451, North Western 1291, Great
Western 72k, Midland 1311, South Eastern 761, Great
Eastern 39/ Erie 181 Foreign Bonds : Peruvian (1865)
911, Egyptian (1868) 82k, Mexican 16/ Turkish Five-per-
cents 52k, ditto (1869) 631, Italian 59, Spanish (1867) 31,A
ditto (1869) 31. Miscellaneous : Tan-yr-Alt Mining 41,
Anglo-American Telegraph 15k, West India and Panama
71, and Telegraph Construction 26a.

LONDON STOCK EXCHANGE-TUESDAY.

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