The Sun.
London, England, 1864-04-29 00:00:00

South Wales Colliery Company,

A special meeting of the shareholders of the South Wales
Colliery Company was held yesterday at the offices of the
company to sanction a lease of a valuable coal property from
_ Messrs. J. and C. Bailey, contiguous to property already
held by the company, and in the cream of the South Wales
coal fields, which property is offered on the most advan-
tageous terms. Mr. Bailey, M.P,, explained the object of
the meeting, but being personally interested in the matter
of the property, he retired when Mr. Kennard, M.P., pre-
sideded. The hon. gentleman explained, at some length,tho
great advantages which must accrue to the company by the
Working of the three properties under one management.
Mr. BEOWN, in addressing tho shareholders, bore his
testimony also to the advantages which the company would
have in acquiring 1,500 acres of the best part of the South
Wales coal fields, and said that the quality of this coal for
iron making and other purposes was not to be surpassed in
the district ; to this fact he could bear his personal testi-
mony as one well acquainted with the district. Ho might
also add, that we can raise coal as cheaply as any other
colliery company, having besides this a lower rate of royalty
to pay.
Mr. BAILEY, M.P., re-entered the room after the resolu-
tions had been unanimously adopted—and addressing the
shareholders, said that he entered into the undertaking with
the understanding that it was to be honestly managed, and
he assured the meeting that so long as he was chairman of
that company, his constant attention would be given to
its interests. At present they were raising 200 tons per
day, and he hoped ere long the quantity would be 300 tons
per diem.
The meeting concluded with the usual vote of thanks to
the chairman.

MONEY MARKET

AND

COMMXRCIAL INTELLIGENCE,

CITY, TWELVE O'CLOCK.

In the general discount market a strong demand
for monetary accommodation is atili experienced.
The arrangement of the fortnightly accounts in
railway shares and foreign bonds always produces
a large number of enquiries for money, and besides
this there is the usual settlements to be made for
the end of the month, and thus are the rates for even
the best bills very firmly maintained, 7 per cent, as
at the Bank of England, being the minimum quos
tation.
The weekly return, published yesterday evening
by the Bank of England authorities, presents
changes of a more favourable character than could
have been expected from the recent outflow of bul-
lion and the increased value of money. Subjoined
is our usual analysis.
Active Circulation ..
Decrease ..
Bullion ..
Decrease ..
Rest

.. £20,956,235
.. 185,440
.. 12,567,776
.. 175,526
.. 3,206,808
.. 11,508

•• ••

6,217,965
.. 430,636
.. 12,620,036
.. 1,064,033
.. 528,367
2,741
11,022,267
No alteration.
Other Securities 19,842,368
Decrease .. • • .. 634,544
Notes Unemployed • • .. 5,520,3)0
Decrease .. • • .. .. 44,515
The subscription list of the Liverpool, Quebec,
and Montreal Steamship Company will be closed on
Tuesday next.
The share list of the British and South American
Steam Navigation Company will close on Thursday
next.
,_At a general meeting of proprietors of the
INletropolitan and Provincial Bank, held to-day,
54. Charles Gilpin, M.P., in the chair, a resolution,
which 'was unanimously passed, wan proposed to
increase the existing capital to any amount not
exceeding £4,000,000, by the creation of new shares
5f £lOO each, not exceeding 20,000 in the whole,
upon such terms as the directors may deem
,xpedient.
During the last few days there has been very
ittle animation in the Foreign and Colonial Pro-
Ince Markets. Sugars have been in limited re-
past, but at steady rates. Coffee has been dealt in
,o a fair extent, at about previous quotations, while
he transactions in tea have been limited conse-
plant upon the near approach of the public sales.
rice, fruit, and spices there has been no material
laange as regards values, while tallow has con-
ihnerl exceedingly iuttviive, and prices nave tended
'own ward. for both present and future delivery.
The following communications were posted in
the Stock Exchange yesterday :
Mexican Dividend.—Messrs. Baring Brothels and Co.
have received by this mail on account of the Mexican divi-
ne", 27,067 dols. 74c.
Venezuelan Debt.—Messrs. Baring Brothers and Co.'s
a3ellta in Venezuela advise, under date 23d March, that
they had received for 55 per cent. of the import duties for
about two weeks, from the Custom-house of Puerto Cabello,
1,054 dohs, 74c., and of La Guayra, 30,444 dols. 370. ;
being
it total of 40,990 dols. 11c.
New Grenada Debt.—Messrs. Baring Brothers and Co.
have received by this mail on account of New Grenada
4▪ ilidends from the Custom-house of Riocha, £278.

•• •11

Increase ..
Public Deposits
Increase ..
Other Deposits..
Decrease .. • •
Seven Day and other Bills ..
Decrease .. • • • •
Government Securities .•

0 II • •

TWO O'CLOCK.
, At Paris this morning, according to Reuter's
'elegrame the Three per Cent. Rentes were 66f. 550.
Plat.
The official returns relating to the trade and
navigation of`the United Kingdom for th© three
131-iihs ending 31st March, have justbeen published,
from nhich it appears that the total decreased vine
®f the exports for that period have been X 36,6,87,381
against £27,561,204 in the like per'A of the
Previous
p year, showing an increase of £9,106,177.
110 increase has been most perceptible on beer and
44
'el coals and culm,cotton yarn, cotton manufactures,
earthenware, haberdashery, and millinery, linen
-1111, linen manufactures, sheep and lambs' wool,
w"IlEn manufactures, and vroollen and worsted
Yarn. The importations of the principal articles
Were larger during the three months es respects
raw cotton, flax, jute, paper, provisions, quick
silver, tallow, flour, tobacco, and wine ; but there
R')18 a diminution in guano, hops, petroleum, raw
811 k, sheep and lambs' wool, cocoa, coffee, wheat,
11“,'Pper, unrefined, sugar, and tea.
The shipping accounts exhibit a decrease in the
seo,ouut of tonnage employed in the foreign trade
" the United Kingdom for the three months of
55,720 tens for the entries inwards, but there is an
lucre flee of 133,950 tons for the clearances out-

War Js.
In the coasting trade for the like period, 152,471
tons more were employed than in the correspond-
ing term of 1863 for the entries inwards, and
12i,400 tons for the clearances outwards.
The Stock Exchange Markets present a dull and
depressed appearance. The speculative dealings
are very few, in fact the public seem to have had
almost a surfeit of them, and as the settlement in
foreign and railway securities occupies a great deal
of attention, the business negotiated is very limited.
The increased value of money has also caused an
adverse influence, and Consols remain at the loss
sustained yesterday at the termination of business,
for money and account. The New
Threes and Seduced Annuities are 891 ; Exchequer
13ills 93. to 4s. dig.; India 5 per Cents., 104,1
104 ; and Enfaced 5 per Cents., IC4I.
in the Foreign Market general heaviness has pre-
N'Es iled, and business is very quiet. Turkish 6 per
(tjents., 1862, are 711 72; do., C'Asolides, 521 521- ;
Mexican, 451 ; do., New Scrip, 1 dis•
Greek, 241 25; Spanish Passive, 35i 36ipretnRus;
;
New Loan 11 2 prem.; and the Confederate
Loan, 59 61.
Business in the Railway Share Market has
been
~:Luther dull, and prices have shown a slight decline,
4:',Tetropolitan have receded £1 10s. ; and Great
11-dlstern, Lancashire and Yorkshire, Brighton, and
North Stafford each 53.
The Foreign and Colonial lines show no material
variation.
Bank and Miscellaneous Shares are in some
zastanecs a shade firmer. Alliance realise Cu 67 ;
Chartered India, Australia, and China, 411 g Me-
tropolitan and Provincial, 351 1 ; Union of -4._ondon
69 ; National Rink, new shares, 43, 44 ; met:
eantile Credit, 16 ; National Diseoroat
11i; and Discount Corporation, 111..
.The following are the current '4uotatioils of some
of
. the
principal new projects International Con-
tract Company, I,} 2 prem,, Telegraph Construe-
tiD-
nt 1 11 prem.; International Land Credit, 2a
preen ; Sabloniere Foreign Hotel, 11 2} prem.;
North Australian Company, 1 I Imperial
)3A prem.;
nk of China? 2i Put ; Mill Wall Iron Works, 2i