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,the
great advantages which must accrue to the company by the
working of the three properties under one management.
Mr. BROWN, in addressing the 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. He might
also add, that we can raise coal as cheaply as auy other
colliery company, having besides this a lower rate of royalty
, pFty.
, 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 atteni ion 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
thmeeting concluded with the usual vote of thanks to
e chairman.

CONEY MARKET

AND

COMMXRCIAL INTELLIGENCE,

CITY, TWELVE O'CLOCK.
In the
general discount market a strong demand
for monetary accommodation is still 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 quoi
tation.

The weekly return, published yesterday evening
by the Bank of England authorities, presents
changes of a more favourable character than could
httve been expected from the recent outflow of bul-
lion and the increased value of money. Subjoined
la 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
.. 430,630
.. 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 .. • • • • 5,520,515
330
Decrease .. • • 44'
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 Americas
Steam Navigation Company will close on Thursday
next.
,At a general meeting of proprietors of the
fMetropolitan and Provincial Bank, held to-day,
Mr. Charles Gilpin, M.P., in the chair, a resolution,
"hioh Was unanimously passed, wa© proposed to
Increase the existing capital to any amount not
exceeding £4,000,000, by the creation of new shares
of £lOO each, not exceeding 20,000 in the whole,
upon such terms as the directors may deem
expedient.
During the last few days there has been very
little animation in the Foreign and Colonial Pro-
duce Markets. Sugars have been in limited re-
quest, but at steady rates. Coffee has been dealt in
to a fair extent, at about previous quotations, while
the transactions in tea have been limited conse-
raent upon the near aroach of the public sales.
rice, fruit, and spices pp
there has been no material
Ec?suge as regards values, while tallow has con-
unued exceedingly inactive, and prices have tended
downwards for both present and future delivery.
The following communications were pasted in
the Stock Exchange yesterday :
Mexican Dividend.—Messrs. Baring Brothels and Co.
have received by this mail on account of the Mexican divi-
dend, 27,067 dole. 740.
Venezuelan Debt.—Messrs. Baring Brothers and Co.'s
agents in Venezuela advise, under date 23d March, that
they tad received for 55 per cent. of the import duties for
about two weeks, from the Custom-house of Puerto Cabello,
1,054 dols. 74c., and of La Guayra, 30,444 dole. 37c. being
a total of 40,990 dole. 11c.
New Grenada Debt.—Messrs. Baring Brothers and Co.
tuhave received by this mail on account of New Grenada
dividends from the Custom-house of Riocha, £278.

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

Two o'CLocK.
11-t Paris this morning, according to Reuter's
telegrams, the Three per Cent. Rentes were 66f. 65c.
The official returns relating to the trade and
_avlgation of the United Kingdom for the three
nths ending 31st March, have just been published,
u'efrom which it appears that the total decreased value
°f the exports for that period have been £36,667,381
agkinst £27,561,204 in the like period of the
Previous year, showing an increase of £9,106,177.
The increase has been most perceptible on beer and
ale, coals and calm, cotton yarn, cotton manufactures,
earthenware, haberdashery, and millinery, linen
larn, linen manufactures, sheep and lambs' wool,
'pollen manufactures, and woollen and worsted
3.P‘l.°• The importations of the principal articles
Were larger during the three months es respects
Nv cotton, flax, jute, paper, provisions, quick
lVer, tallow, flour, tobacco, and wine ; but there
‘N:.,e,S a diminution in guano, hops, petroleum, raw
sheep and lambs' wool, COOO3, coffee, wheat,
Pepper, unrefined, sugar, and tea.
The shipping accounts exhibit a decrease in the
anaount of tonnage employed in the foreign trade
of the United Kingdom for the tree months of
65,720 tons for the entries inwards, hbut there is an
increase of 133,950 tons for the clearances out-

Wards.
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
121,400 tons for the clearances outwards.
The Stock Exchange Markets present a dull and
depressed eppearance. The speculative dealings
are very few, in fact the public teem to have had
almos't 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.
Tlae increased value of money has also caused an
a dverse influence, and Consols remain at the loss
sustained yesterday at the termination of business,
N-12., 917 1 for money and account. The New
lihrees and,Reduced Annuities are 891, f,; Exchequer
ISiIIA 9s. to 4s. dis.; India 5 per Cents., 104;
I.D5$; and Enfaced 5 per Cents., 104,i.
In the Foreign Market general heaviness has pre-
vailed, and business is very quiet. Turkish 6 per
etats., 1862, are 711 72 ; do., Consolides, 521 52,t ;
'Mexican, 451; do., New Scrip, k dig. k prem. ;
Greek, 241 25; Spanish Passive, 35i 36k; 1"5"
181 an Now Loan 11 2 prem.; and the
~ Confederate
-"an, 59 61.
r Business in the Railway Share Market has been
:.the,r dull, and prices have shown a slight decline,
',,,,.lla'tropolitan have receded .£1 10s.; and Grca.
A 3 stern, Lancashire and Yorkshire, Brighton, and
4 orth Stafford each 55.
The Foreign and ColoniAl lines show no maierial

'variation.
Bank and Miscellaneous Shares aro in some
Instances a shade firmer. Alliance realise 66 67 ;
Chartered India, Australia, and Chinn, 411 ; Me..
tl'opolitan and Provincial, 35 1 ; Union of London,
59 60 ; National Bank, new shares, 43 44 ; Meru
°P.ntile Credit, 16_2_; National Discount Company,
/41 ; and Discount Corporation, 111.
The following are the current quotations of some
of the, principal new projects :—lnternational Con-
tract Company, 1 2 preen. ; Telegraph Construc-
tion, 1 v; prem.; International Land Credit, 2$
Preto ; 6ab:oniere Foreign 11 21 pvcm. ;
North Australian Company, 1 prem. ; Imperial
of China, 2i pm. ; Iron Works, 2i

prem. ; Humber iron Works, 21 prem,; City
Offices, prem, ; and Thames Iron, 21 prem.

BRITISH FUNDS-CLOSING PRICES.

GOVIO.NIVENT FUNDS.
3 per Cent. Consols ........... 911
Ditto Account, May 5 .............. 9t 1
per Cent. Reduced .................. 891 9 1
New 3 per Cent B9k a 9
New 21 per Cent. Jan. 1894...
Ditto 5 per Cent., Jan. 1873 .........
Annuities, 30 yrs, expire &th Jan., 1880 —
Ditto for 30 yrs, expire sth April, 1885 —
Ditto (Red Sea Telegraph), Aug. 1908 2Ol
March. June.
Exchequer Bills, £l,OOO, 21 & 3 per Cent. 6 dis 9 4 die
Ditto £SOO
Ditto £lOO and £2OO
B Ink England Sfk, 41 per Ct.
D;tto Account.
INDIAN GOVERNMENT SECURITIES.
India Stock, 101 per Cent., April 1874
Ditto 5 per Cent. July, 1870
I)itto Account.. ..
......
Ditto 4 per Cent., Oct, 1888 ..........
Do Certificates ............
Ditto Enfaced Paper, 4 per Cent .
Ditto 5 per Cent., Jan. 1872 ........ 104/
Pita) 51 per Cent. Slay, 1879
Ditto Debentures, Ct., April 1864
Aug.,—
Ditto dittol666
Ditto Bonds 5.3,000 ...........
Ditto under £l,OOO .................
FOREIGN FUNDS—CLOSING PRICES.
Austrian Bonds, 5 per Cent
Ditto 1859
Brazilian 5 per Cent
Ditto 41 per Cent., 1852-58-60 9oi 891
Ditto 1863
Buenos Ayres 6 per Cent
Ditto Account
Ditto£loo Bonds
,
Chilian6 per Cent
Ditto 41 pet Cent.
Colombian 6 per Cent
Cuba, 6 per Cent 3
per Cent., 1825
Equador New Consolidated, 1 per Cent —
Egyptian 7 per Cent
Ditto, Second Issue
100 k
Greek 5 per Cent., 1824-5, ex-Coupons
Ditto Account..... ........
Ditto Coupons
Ditto Account
Italian 5 per Cent. (Maremutana. Railway, 741
Mexican 3 per Cent .
Ditto Account .................. 45 41 51
Moorish Imperial 5 per Cent ..........
New Granada ........................
Ditto 2 per Cent ................... 301
Ditto Deterred ...........• ..........
Ditto Land Warrants (Hectares) ......
41 per Cent .................
Ditto Account
Cato 3 per Cent. (Uribarren) ........
Ditto 4i per Cent., 1862 ............
Ditto Account ......................
Portuguese 3 per Cent., 1853 ..........
Ditto Acc0unt........; ..'........... r,Ditto 3 per Cent., 156, 7,9, '6O, 62,'3 49 81
Ditto Account ......................
pm
Ditto Scrip (1863) L3O paid ........
1822 tit........
Russian 5 per Cent., ,851
'
Ditto 41 per Cent. 1850
Ditto 3 per
Ditto 5 per Cent, 1862
Sardinian 5 per Cent ..........
Ditto Account
Spanish 3 per Cent
Ditto Account
Ditto New Deferred
Ditto Account
..
Ditto Fassive ..........
Ditto Account ..............
Spanish Cert. of Coup not funded l2l
Ditto Account
Swedish 4 per Cent —
,
Turkish 6 per Cent. 1854 ......
Ditto Account
Ditto 6 per Cent. 1858
Ditto Account 694 1
Ditto 6 per Cent. 1862
21 1
Ditto Account
72
Ditto £lOO Bonds /
Ditto 1863
Ditto Guaranteed, 4 per Cent
Venezuela 3 per Cent.
Ditto Acc0unt........
Ditto 6 per Cent., 1862
Ditto Account ..................
Ditto 11 per Cent
Dividends on the above payable in Lond
Austrian, 5 per Cent,. Ex. 10 Florins. --
Belgian 41 per Cent., Ex. 25f —
Dutch 21 per Cent., .Ex. 12 Guil
Ditto 4 per Cent. Certificates
Italian, 5 per Cent., 1861, Ex. 25 francs —
Ditto Account .....................R -
THEE O'CLOCK.
Consols Money
Ditto Account .