The Sun.
London, England, 1870-11-10 00:00:00

MONETARY REPORTS.-YESTERDAY.

Considerable quietness has prevailed on the Stock Ex-
change.to-day, and the transactions have been restricted
within a very reasonable compass. No change having
tak6n place in the political situation, and nothing having'
occurred to influence prices beyond steady purchases and
the continuance of cheap money, a firm tone has been
apparent throughout. Where any movement has occurred
it has generally been of, a favourable character, the . only
nofable exception being in the case of Spanish bonds,
which have given way } per cent. Consols opened and
closed at 92a, 92k; both for money and the account; Its-
dueed and New Three Per Cents were 91, 92 ; India Five
Pei Cents, 113, 1131 ; India Bonds 235., 26. pram ; Ex-
chequer Bills, Bs., 12s. prem.
There has been little inquiry for accommodation at the
Bank of England to-day. In the open market the supply
of capital is abundant, and the sales have shewn a down-
ward tendency. Good short paper is quoted at 2i to 2i;
Six months' India or China bills being taken at n to
In the Stock Exchange short loans on Government
securities have been obtainable at Ito 1 per cent.

Home Railway Stocks have been in request, owing to
the favourable traffic returns published by several leading
lines, and to the rumours of amalgamations, which appear
likely to result favourably to the companies
concerned. Caledonian at 77, 774, South Eastern
at 75, 751, 'Midland at 1274, 128, and London
and North-Western at 1281, 129, show a rise
of 4 per cent. each ; Great Western shares have advanced
1, to 71, 711. Metropolitan shares are 1 per cent. flatter,
on the announcement that the directors are about to raise
additional capital.
Foreign loans have shown rather more animation. Erie
shares are quoted at 181, 19 ; and Illinois Central at 112,
113 ; Lombardo-Venetian shares are 4 better, at 14, 15.
In the foreign market the most noticeable feature is the
flatness which has prevailed in Spanish stock, which has
given way about per cent. The 1867 bonds were last
quoted at 314, 311, and the 1869 at 31. 314. Italian Five
per 'cents., on the other hand, are 4 better, at 564, 56g;
Turkish and Egyptian have suppOrted late rates.
United States Government bonds have sold quietly,
values remaining without change in the day. The (1882)
issue closed at 894, 894, and the (1885) at 881 884.
The dealings in Joint Stook Bank shares have not been
extensive, but values are without change of importance.
Anglo-Egyptian have sold at 344 ; Chartered Mercantile
of India, London, and China, 23; Imperial Ottoman,
121; London Chartered of Australia, 234; London and
County, 50 ; London Joint Stock, 331, 4 ; National Pro-
vincial of England, 1374; ditto New (issued at £lO
prem), 184.
The demand for telegraph shares has not been active,
but prices have shewn a favourable tendency. Anglo-
American have sold at 87. British India Submarine, 7
9-16 4 ; China Submarine, 11 ; Falmouth and Gibraltar,
101; Great Northern, 74; Telegraph Construction are
better, at 274, 284.
Very few transactions have been reported in the mis-
cellaneous market. Hudson's Bay shares have been done
at 84 ; London Financial at 114 ; and the Italian Tobacco
Loan at 89.

The bullion operations at the Bank of England have
consisted of the receipt of £66,000 bar gold. .
The Oneida has taken out £42,552 in gold and £2BO in
silver for the Brazils.

Messrs. J. S. Morgan and Co., as agents for the French
Government, have given notice that the scrip certificates
of the new French Loan are now ready at their counting
house for delivery in exchange for the allotment letters
and receipts. The last quotation was 1 to 1 pm.
At ' Mark-lane, to-day, the wheat trade was dull, and
the tendency of prices was downwards.
At the meeting of the Hudson's Bay Company, to be
held on the 22nd inst., it is intended to recommend an
interim dividend at the rate of 4s. per share.

The proprietors of the Land Mortgage Bank of India
(Limited), have confirmed the resolution passed on the
16th -ult., reducing the borrowing powers of the bank on
its debentures, from £8,000,000 to £1,000,000.
An undertaking is on foot to establish a Manchester
Lloyd's Underwriters' Association similar to those which
have long been in existence in Liverpool, Glasgow, Bris-
tol and Hell, to carry on the operations of Manchester
merchants who are interested in underwriting on their
own account. Although the plan to be adopted is open
to some objection, there is no reason why some such
organisation should not succeed.
The traffic receipts of Midland Railway Company shew
an increase of £9,013; of the London and North-Western,
an increase of £5,126 ; and of the Caledonian, un increase
of £4,536, over the corresponding period last year.

LONDON STOOK EXOILN-NGE.-WEDNESDAY.

LATEST PRICES.-AFTER OFFICIAL HOURS.

The prices under the lines indicate the business done.