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

MONEY MARKET

AND

COMMNIWIAL 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 Ebbw Vale Collieries and Ironworks,
which are to be constituted as the Ebbw Vale Com•
pany, and for which a capital of £4,000,000 in
shares of 150 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 spathose iron ore veins in Somer.
setshire, together with 2,000 houses aLd 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 280,000 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 p ant, 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.
Tne prospectus of " The London" Hotel Com•
parry 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

60 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
Landon" 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 121 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
Reuter's telegrams, the Three per Cent. Rentes
Were quoted 65f. 75c. Fiat.
At the first meeting of shareholders to-day of the
Public Works Credit Company, 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.

Na 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 90k a for the account.
The procceedings have been quite devoid of interest.
The New Threes and the Reduced Annuities are
marked 89 -1 ; India 5 per Cents., 104 k ; ditto
4 per Cents. Enfaced, 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 244 25, but are now 249 ,or 7 higher
than on the previous afternoon. •Mexican are 44;
; Spanish Passive, 291 ; ditto Certificates, 91
109 ; Portuguese, 481; 49i; Turkish 0 per Cents.,
1862, are 70f, 71 ; do., Conaolides, 484 7,-; 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, los.; Manchester, Sheffield, and
Lincoln, £1; Lancashire and Yorkshire,
and Great Northern A Stock, £2 ; while Metro,
politan have declined Os.
The Foreign and Colonial lines exhibit little
animation, at about previous prices.
Bank and Miec2llaneous Shares remain very
inactive, but in some instances are a shade firmer.
Chamounix Hotel Company Shares are quoted
9 19 prem., and Ebbw Vale, if 2 prem.

BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT FUNDS.
3 per Cent. Consols
Do Account, July 8
3 per Cent. Reduced
New 3 per Cent. B9/ 9
Annuities, 30 yrs, expire sth Jan., 1880 —
Do for 30 yrs, expire sth April, 1835 141
Do (Red Sea Telegraph), Aug. 1908 —
Mbrch. June.
Exchequer Bills, £l,OOO, 2! & 3 per Cent. 7 o die
Do £5OO
Do £lOO and £2OO
Bank England Stk, 51 per Ct.
Do Account..
INDIAN GOVERNMENT SECURITIES.
India Stock, 10i per Cent., April 1874 —
Do Account
Do 5 per Cent. July, 1670
Do Enlaced Paper, 4 per Cent ... . 94/
Do 5 per Cent., Jan. 1872. ..
Do .5i per Cent., May, 1879 ..........
Do 4 per Cent., Aug. 1866 .. 98i

FOREIGN FUNDS—CLOSING PRICES.
Aastrian Bonds, 5 per Cent ............
Do 1859 • ........
Brazilian 5 per Cent ........
Do 41 per Cent., 1852-68-60 ........ —t
Do 1863
Buenos Ayres 6 per Cent —
1)o Account ....
Do 1 pet Cent. (Deferred 3 per Cent.).. --
hi liar 6 per Cent. —
Do 3 pet Cent. -
Colollubian 6 per Gest
Cuba, 6 per Cent.
Danish 3 per Cent., 1825
864
Equador New Consolidated, 1 per Cent.. —1
2
6gYptian 7 per Cent .. 101 i
Do, Second Issue
Greek 5 per Cent., 1824-5, ex-Coup.ms 24k 4
Do Account...
Do Coupons
Do Account.... ........... .., , llf
Guatemala 5 per Cent.
Do 1839 and 1859 .......
Italian 5 per Cent.(Maremmsna Railway)
61
Mexican 3 per Cent ................•. 41 I
............... A I
Do Account .45 .. 4
Do Scrip £23 paid ............... ... cis
Do French Scrip, Ex 25f 9.00 ........ dis
Do 6 per Cen,. Anglo-French........ d:s
Ditto Scrip, £23 paid
Moorish Imperial 5 per Cent
Peruvian 41 per Cent .. --
Do 3 per Cent. (Uribarren) .. _
Do 41 per Cent., 1862
Do Account
Portuguese 3 per Cent., 1853
Do Account • •
Do 3 per Cent., 1856, '7, '9, 'GO, 62,13.. 481 9k
Do Account —
Do 1863 Scrip, £4O paid
Russian 5 per Cent.. 1822, £ St —
Do 41 per Cent., 18.50 ..
Do 3 per Cent 1359 ............
110 5 per Cent, 1862 —
Do Anglo-Dutch
Do Scrip, £3O paid
Sardinian 5 per Cent
Do Account
Spanish 3 per Cent .... 0..... 521
Do Account
Do New Deferred

Do Account
Do Passive
Do Account 294 30 DI
Spanish Cart. of Coup not funded 10; 9;

Do Account -
Swedish 4 per Cent.
/ _ -

Do Scrip,-X6O paid 4pm
Turkish 6 per Ccnt. 1654
Do Account 9O!
Do 6 per Cent. 1858

•
Do Account —
Do MOO Bonds
1)o 6 per Cent. 1562
Do Account
Do £lOO Bonds..
Venezuela 3 per Cent.
Do Account —
1:o 6 per Cent., 1852
ro Account
THREE O'CLOCK.
Consols Money
D) Account $ •

I'll El.' ItENCE SHARES.
Great Eastern, E. Counties, Ext. No. 2, 1051
Great orthern, 5 per cent., red. at 10 per cent. pm., 112
Great Western, 4 per cent. irred., 89
ureat Wester., 5 per cent. rd. pref., 103
z:uuth Eastern ( Anna., £1.0.6), 221

FOREIGN RAILWAYS.
Pabia and San Francisco (Urn.) gua. 7 per cent., 17
Dutch Rhenish, 18k
South Austrian and Lombardo Venetian, 20Z

FOIiEIGN MINES.
Yudanamutana of B. Australia, lino., 2a

BANKe.
&gra and United Service (lim.), 1311
&Mance t 13 ru. ). 7-7_

Ditto, new, NI
Bank of Queensland (lira), 78
Brazilian and Portuguese, lira., is
Chartered pier. of India, London, and China,

Ditto, new, 451 6 5i
Consolidated Bank, Rm., ll
Imperial Ottoman, 1131
London, Birm., and S. Staffordshire, Um., 26
London Chartered Bank of Australia, 25
London and County, 4351
London Joint Stock, 45
London and South African, 241
Mercantile and Exchange. lim., 191
idetropolitan and Provincial Bank, Um., 29}

MISCELLANEOUS.
Anglo-Mexican Mint, t 6
Berlin "Water Works, lina,, g
Ceylon Company, 2i
City Offices, lino., 41
_
Crystal Palace, 32
uGeund_sConre,sdißt
aayn,dlrinanc.c of London, UM, 71
Indian Carrying, Um ,
International Financial Society, m,, }
Italian Irrigation (Canal Cavour 51
National Diecount Company, 11111, 151 14
New Zealand Trust and Loan, ,2,3
Peninsula and Oriental Steam, 70
Thames and Mersey Marine (Insurance),
IT Trustni
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inne ye
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sAuruasntreael,alsinia,L.llimi lt

Foreign Titan Packet Lido

MAILS DUE.
Australia and Mauritius, via Southampton, June —.—
via Marseilles July 14,
brazil and Cape Verde, by British packet. July 5.
Cape of Good Hope, Aecension, and St. lielena June 29
China, Penang, and Singapore, via Southampton, June
via Marseilles June 27.

Falkland Wanda • .•
Gibraltar, via Southampton
India (Calcutta), and Ceylon, via Southampton
via Marseilles
India (Bombay), via Southampton
via 11.1 arseil les

June —.
June—.
June 27
June 25
July Z.
July 5.
June —.
July 6,
Newfoundland .. June 22
Oporto and Vigo ..
U. S. and Britula N. Awrica,Ly Brit. paclizts. soTuue_3o,

Portugal....
...
Egypt, and Aden, via Southampton
via Mamales