The Sun.
London, England, 1864-06-29 00:00:00

Y

Y MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.
One of the largest private undertakings that have
yet been converted into a limited joint-stock com-
pany is the Eobw Vale Collieries and Ironworks,
'which are to be constituted as the Ebbw Vale Com•
pang, and for which a capital of £4,000,000 in
shares of £5O each is required. An idea of the ex-
tent of the property may be gathered from the fact
that it comprises 3,254 acres of freehold land and
mines, 2,137 acres of leasehold mines, 700 acres of
mines held under the Crown, and about nine miles
in length of the spatbose iron ore veins in Somer-
setshire, together with 2,000 houses and cottages,
accommodating a population of 15,000 persons.
The rentals from land, farms, and houses amount to
£14,000 a year; the collieries produce 850,000 tons
of coal annually, which could at little extra cost be
increased to 1,500,000 ; and the yield of ironstone
is 280,0C0 tons, which could be increased to 450,000.
There are 23 blast furnaces on the estate, 16 of
which are in operation,yielding at present annually
about 130,000 tons of pig iron. About 90,000 tons
of rails end finished iron are sold annually, which,
with the present pant, could be raised to 120,000.
The valuations of the property have been carefully
made, and the magnitude its operations has attained
is stated to be the only reason for its conversion
into a public company.
The prospectus of " The London" Hotel Com-
pany has been issued with a proposed capital of
£55,000 in 5,500 of £lO each, £1 payable on ap-
plication, and £4 on allotment. The association is
formed for the purpose of converting " The London"
into a company, under the provisions of the Act
of 1862. The Directors refer to the fact that there
is no class of enterprise which derives greater
benefit from the application of the new act than
that of public places of entertainment, and quote
as illustrations the success of the London Tavern
and Albion Hotel, which were carried into operation
only six months since, and the shares now stand at
50 per cent. premium, while the business has in-
creased to an unprecedented extent, which they
attribute to the combined interest of so many
shareholders. There is no doubt but that " The
London" has attained a most satisfactory position
under its late able management, and that its profits
have been highly remunerative, and by this organi-
sation may be considerably augmented. The pro-
perty proposed to be purchased consists of the lease
of the premises for 33 years, with good-will, furni-
ture, &c., at the price of £34,500, one-half of which
is to be taken in shares, with £7 credited thereon.
The present manager has agreed to undertake the
management of the company's business for three
years for one-half the profits after the payment of
a 14 per cent. dividend guaranteed on all the
capital invested. The gentlemen who form the
board are eminently practical and responsible men,
Whose names will inspire confidence in the project.

Two O'CLOCK.

At the Paris Bourse this morning, according to
Reutcr's telewrams, the Three per Cent. Rentes
were quoted M. 75c. Flat.
At the first meeting of shareholders to-day of the
Public Works Credit Ctmpany, the directors
recommended that, in addition to the bonus of £1
per share already proposed, a dividend at the rate
cf 10 per cent. per annum, free of income tax, be
declared.

No alteration has taken place to-day in the mar-
ket for the English Funds, and only a limited
amount of business has been transacted. Consols
are 90 k for transfer, and 908 for the account.
The procceedings have been quite devoid of interest.
The New Threes and the Reduced Annuities are
marked 89 f ; India 5 per Cents., 104 k f ; ditto
4 per Cents. Eufaced, 941.
In the Foreign Market there is nothing new of
importance, beyond a rise of 1 per cent., and a sub-
sequent partial reaction, in Greek Bonds; they
have been 24k 25, but are now 24k I, or z higher
than on the previous afternoon. Mexican are 44f
; Spanish Passive, 291 ; ditto Certificates, 9k
108 ; Portuguese, 46 491; Turkish 6 per Cents.,
1862, are 701 7l; ; do., Consolidfis, 48k ; and
the Confederate Loan, 62 64,
In the Railway Share Market the principal
business attended to has been the settlement of the
account ; prices, however, have in most instances
been firmer. Great Western have advanced 10s. ;
North-Western, 155.; Manchester, Sheffield, and
Lincoln, £1; Lancashire and Yorkshire, £1 ss. ;
and Great Northern A Stock, £2; while Metro-
politan have declined 5.!.
The Foreign and Colonial lines exhibit little
animation, at about puvious prices.
Bank and Mie9llaneous Shares remain very
inactive, but in some instances are a shade firmer.
Chamounix Hotel Company Shares ore quoted
is prem., and Ebbw Vale, 1k 2 prem.

BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT FUNDS.
3 per Cent. Consols

Do Account, July 8
3 per Cent. Reduced
New 3 per Cent. B9l 9
Annuities, 30 yrs, expire 6th Jan., PlBO —
Do for 30 yrs, expire sth AprillBBs 141
Do (Red Sea Telegraph), Aug. 1908 —
March. June.
5 die
Exchequer Bills, £l,OOO, & 3 per Cent. 7

DO
Do £lOO and £2OO
Bank England Stk, 51 per Ct.

Do Account..
-
INDIAN GOVERNMENT SECURITIES.
India Stock, 101 per Cent., April 1874 —
Do Account
Do 5 per Cent. July, 1870
Do Enlaced Paper, 4 per Cent . 94i
Do 5 per Cent., Jan. 1872
Do 6/ per Cent., May, 1879
Do 4 per Cent., Aug. 1866

FOREIGN FUNDS—CLOSING PRICES.
Austrian Bonds, 5 per Cent —
Do 1859..
Brazilian 5 per Cent ....
Do 4% per Cent., 1852.58-60
Do 1863 B6l
Buenos Ayres 6 per Cent —
1)0 Account _

Do 1 per Cent. (Deferred 3 per Cent.).. --
hilian 6 per Cent
Do 3 pet Cent. -
Colombian 6 per Cent ---
Cuba, 6 per Cent. —
Danish 3 per Cent. 1825
Do 5 per Cent. 1864 -
Equador New Consolidated, 1 per Cent —
Egyptian 7 per Cent lolf 2
Do, Second Issue
Greek 5 per Cent., 1824-5, ex-Coupons 241 4
Do Account
Do Coupons
Do Account....
Guatemala 5 per Cent. —
Do 1839 and 1859 ........
italian 5 per Cent. (i`larenimana Railway) 76f
lid exiean 3 per Cent
Do Account .................. 45 I
Do Scrip £23 paid .................. dis
Do French Scrip, Ex 251 200 ........ dis
Do 6 per Cenr. Anglo-French........ din
Ditto Scrip, £23 paid ............
Moorish Imperial 6 per Cent
Peruvian 41 per Cent
Do 3 per Cent. (gribarren)

Do 41 per Cent.; 1862
.. 85

Do Account —
Portugueiie 3 per Cent., 1853
Do Account —
Do 3 per Cont., 180, '7, '9, 'GO, 62,'3 4Bl 9k
Do Account —
_ _

Do 1863 Scr4:, £4O paid .... —
Russian 5 per Cent., 1522, £ St
Do 41 per Cent., 1850 ••
Do 3 per Cent 1859
Do 5 per Cent, 1862
Do Anglo-Dutch
Do Scrip, £3O paid - Pin
Sardinian 5 per Cent ..
Do Account
Spanish 3 per Cent
53
Do Account

Do New Deferred

Do Account ..........
Do Passive
Do Account
Sp finish Cert. of Coup not funded
Do Account —
Swedish, 4 per Cent —
Do Scrip, £6O [Aid 4 pm
Turkish 6 per Cent. 1854 —
Do Account
Do 6 per Cent. 1858
Do Account —
Do £lOO Bonds
1)o 6 per Cent. 1862
Do Account .. 71 i
Do £lOO Bonds..
Venezuela 3 per Cent.
Do Account —
Po 6 per Cent., 1862
Do Account
THREE O'CLOCK.
Consols Money
D J Aooll,llt ..

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