The Sun.
London, England, 1867-06-12 00:00:00

XONEY MARKET

AND
COMMERCIAL INTELLIGENCE,

TWELVE O'CLOCK.

There has beon some conversation in the city to-
41Y anont the probability of the minimum rate of
discount of the Bank of England being reduced to
2 per cent. On good commercial bills money is
not worth more, since large sums cannot be got out
1.11 such security at 2i per cent., the demand, too,
is small under a corrected trale, the inflation
Which prevailed twelve months ago having been
succe2ded by steady mercantile operations more in
accordance with the principle of supply and demand.
The issue price of the new stock is fixed at 40.
The result of the operation will be that the existing
istocks are converted into a Three per Cent. Conso-
lidated Stock at the following prices :—First-class
Interior and Deferred of 1831 at 48, second-class
Exterior at 32, Second-class Interior at 25.
Atlantic and Great Western Railway Debentures
remain steady at 30 32, and the Consolidated Mort-
gage Bonds at 24 25.

There were no gold operations at the Bank of
egland yesterday afternoon.
The polling of the shareholders of the National
Provincial Marine Insurance Company (which
stood adjourned from the general meeting of
Thursday
last) took place this day, the result being
a very large majority for continuing the business,
414 requesting the directors to ask the Master of
the Rolls to dismiss the petitions presented by Mr.
liodge, solicitor, and Mr. M'Allum, both of New-
castle-on-Tyne.
The 31st annual report of the South Australian
"tnpany, just issued, states the general condition
of the company continues to be satisfactory, though
some of the sources of revenue were affected by
the monetary disturbance last year. There has,
nevertheless, been an increase of £227 in the rental
over the previous year. The income of the year,
Including profit on sales of land, appears, after de-
duction of home and colonial charges, to be
,
'30)170 17s. 2d. From this sum the Directors
recommend that a dividend of eight per cent.
per annum, free of income tax, be declared payable
on 15th July and 15th January next. They also
recommend that a bonus of two per cent. or 10s.
t share be paid to the proprietors on the 15th
July This bonus is derived from the surplus profits
°f the years 1864 and 1865, which the directors
aid not feel justified in dividing until they were
satisfied that the increased income of the company
'ilfo4ld probably be maintained.

Two O'CLOCK.
According to Reuter's telegram from Paris to-
'a7, the French Rentes were 70fr. 50c. Scarcely
anything doing.
Despite the efforts of the " bears" Consols con-
vt)ntinue buoyant. Nothing but a political cata-
trophe can check the flow of investing capital into
the Funds, and Governmental securities generally.
„
here
Oil the 3 per cents. attain a higher quotation
riere would appear to be very little chance of per-
blahent taxation. Foreign Bonds,too, must command
higher level, as well as all colonial and other
gliaranteed stocks. Railways, likewise, though
13211ie of them may be financially distressed, possess
substance, and therefore quite different from asso-
thted enterprise, subsisting only upon its credit in
ides
market. Consols, notwithstanding frequent
ea to realise profits, are exceedingly firm the
lllatest prices are 94j 95 for money, and 95 f for the
account..

40 The New Threes are 93i 99 ; Reduced Annuities,
93~
91; Exchequer Bills, 21 per Cents. for June,
2°,. to 225. prem. ; Bank of England Stock, 254 k
109
`).5 ; India Stock, 220 ; ditto 5 per Cents., 109 k

In
the Foreign Stock department considerable
b,.lll°Yaricy has prevailed. Spanish Passive have
1, to 25 1; Certificates to 14 I, ;
Greek e, to 15 /, 16 -1 Italian to 52 k, 4 ;
j, to 17 I ; Turkish 5 per Cents. to
m,uli
-1 1.1 ,1• Russian Scrip I, to 1, 1 prem.; and
an
„ Scrip 47 to 1, 2 prem. ; but the New Ras-
p~4 Railway Loan Scrip has declined to 1,
ett
The Foreign and Colonial lines show little
ch 411Ze of importance. Great Luxembourg have
11,
eeded to 111 ; San Paulo receded at 17 ; and
4b'4 and San Francisco at 131 ; Bombay and
)3, r°4 are steady at 1031 104 ; and Great Indian
Peninsula at 112 112; ; and Great Western of
Canada at Mi.
American Securities are steady. United States
1.2° Bonds are 721 73, and Illinois 781 79, show-
no change ; but the Erie shares have declined
to 391 40i.
tank shares are very quiet, London and West-
-1
41.118ter being flat at 105 107. Alliance remains
"41 at 18i, and London and County at 591.
tr very moderate amount of business has been
vi4llllBacted in the Railway Share Market, and prices,
opened with considerable firmness, have
taiusequently slightly given way upon a pressure of
te'l• Midland and South Eastern have each im-
b,c'ved I, and Metropolitan, 1; while Great Eastern
L'lve declined and Brighton, Caledonian, and
Itleashire and Yorkshire, each receded
t4l4:ellaneous and Finance Shares continue inactive
b about previous rates, Hudson's Bay Company
/2e 11g dealt in at 164 ; Fore Street Warehouse, at
Credit Foncier of England, 3} 4 ; Ocean
614 rine Insurance Company, at 194 ; and Penin-
alld Oriental Steam at 47.

MINING MARKET.
WEDNESDAY AFTERNOON.
14 the market to-day the dealings have again been
)tten •
sive. The shares chiefly dealt in were Prince
Ew ,
(11 ales, Great Retallick, Great Vor, Great Laxey,
e, ler, West Prince of Wales, Grenville, Chontales,
414 Clifford.
e, k-,•afTerd. Annexed arc the latest prices :
Otverton Moor 5 51- Marks Valley
eili(f)flatalos Gold
be„°rd Amalgamate 31 41 North Treskerby ll 1f
East Gt. Consols... Princeof Wales 59s0d 61s Od
81' Basset l6 18 Providence Mines ... 29 31
East East
Caradon 5l 6 Tincroft
t.4Bt Lovell 8 8} West Chiverton 66 68
ast Rosewarne — West Pr. of Wales... lOs 15s
Eastor Russell
' oat Ll 181 191 Wheal Buller 24 26
gre `2"7
at Retallick - Wheal Chiverton 6l 7
groat Wheal Vor... 191 201 Wheal Seton ll7l 1221

BRITISH FUNDS—TWO O'CLOCK.
GOVERNMENT FUNDS.
a Per Oent. Consols - 1 5 41
k DO. Account, July 10
Per Cent. Reduced 94 3i
kw 8
2 per Cent 94 I 3j
erl'r 1 per Cent. Jan. 1894 —
.". 5 per Cent. Jan. 1873 —
11,11uities, 30 yrs, expire sth Jan., 1880
Do.li for 30 yrs, expire sth April 1885 —
k.: ° (Red Sea Teleb,raph), Au,., 1908 —
Ichequer Bills, £l,OOO
Do £5OO —
I) Do. £lOO & £2OO pm
0. Advertised — pm
441', °f England Stock, 51 per Cent
1„,, -Nouzi GOVERNMENT SECURITIES. ,
Do.
-'144 Stock, 101 per Cent., AprillB74.y 220
i) Account
p°c: 5 Per Cent. July, 1880
1-.)::. 4 per Cent., Oct. 1888
_—
DDu: Certificates
°, /s•lrdaced Paper 4 peT Cent
....
b". Per Cent., Jan. 1872
D°, ",4 per Cent., May 1879 —
Do•`'. por Cent., Aug. 1878
Bonds, 5 per Cent £l,OOO
0. under £l,OOO ., pm
robot. FOREIGN FUNDS— rWO O'CLOCK.
Republic, 6 per Cent —
134;,.a0 Bonds 5 per v..rit, 1839
b°.nan e
..) per 'Cent —
" li• per Cent., 1852-58-60
T, Do
—O. K ' 1863
'' Per Cent., 1865
Account 76 •51- I-
ko• 41,00 Bonds —
t 0,,, .
iy-',; Ayres 6 per Cent —
C,111: 4 Per Cent. (Deferred 3 per Cent )
171
0 ail 8 per Cent
0°0.41 Per Cent —
D°: 6 per Cent A •
Do. ), B
~ Do I, 1867
;-%. 4 th. is; I, Scrip, £4O paid wpm
,'.,11b-t,--6"'an, 6 Per Cent.
•vato.,- per Cent.
b's 3 Per Cent. 1825 1825 _
1),),',.',.°. Per Cent 1. 864 ,otaii -,-. . ../ . Cent
D°Do. x-rinmpaliti 3S, 7 per
. Do.
Do. 8 1867. .
Scrip, L a paid 3 — die
t g7119r NOW Consolidated, 1 per Cent —
I)Ptil° 7 Per Cent B3l 1
,°0: Second Issue
.0 4100 Bonds
D°. Do
o. 4. • 1864 —
bo (100 Bonds B3i
-Q7ertirnent It:tilway Deb;;Atv,r,'-., :•.:) .