The Sun.
London, England, 1867-01-08 00:00:00

ONEY MARKET

AND

.;OAirtiEROZiL -,.:,-i'`..ULLItE NUE,

TWELVE o'CLocK.
A small amount of business is reported to-day in
the general discount market, and there is no alte-
ration either in the supply or demand.
There were no bullion operations at the Bank of
England yesterday.

Notice has been given that the series of the obli-
gations of the Italian State Domain Loan of 1865,
drawn for payment Ist April next, is letter C.
A meeting of the London and Brazilian Bank
(Limited) is convened for Friday, the 18th inst.
In the Foreign and Colonial Produce Markets
during the last few days there has been much
animation. Prices, however, of most of the prin-
cipal staples have ben well supported. Sugar has
fully maintained previous current rates, while
superior qualities of coffee have been in demand at
high quotations. In tea, rice, and cocoa there has
been only a limited business transacted, but tallow
has been in better demand, chiefly on speculative
account, and prices for both present and forward
delivery are well maintained.

The Paraguassu Steam Tramroad Company
(Limited), has been announced. It is established
by charter from his Imperial Majesty the Emperor
of Brazil, agreeably to the decree of the Legisla-
ture, and incorporated under the Companies Act,
1862. The length of the tramroad is about 250
English miles, and the share capital is £1,500,000,
in 75,000 shares of £2O each; of these
56,000 shares have been appropriated ; over
22,000 have been subscribed for in Brazil ;
4,000 more are reserved for that country, leav-
ing 15,000 shares to be offered to the Eng-
lish public, £1 per share deposit on application, and
£1 per share on allotment being required. The calls
are not to exceed £2 per share, payable at intervals
of not less than six months. Interest on the paid-
up capital, at the rate of 7 per cent. per annum, to
be paid half-yearly during the construction of the
lines by the company pursuant to the requirements
of the charter. The directorate is very influential.
The silver market is particularly quiet. An-
nexed are some of the latest quotations :--Bar
gold, 775. 9d. per oz. standard ; do., parting,
775. 101 d. do. ; doubloons, Spanish, 755. to 755. 6d.
per oz. ; do., Mexican and South American, 725. 9d.
to ►4s. do. ; United States eagles, 765. 24d. ; do.
Bar silver, ss. id. per oz. standard; do., containing
gold (five grains and upwards), ss. lid. ; do. dol-
lars, Mexican, 4s. 1 lid. per oz. ; English cake
silver, 655. id. do.
The market for hides has generally presented a
steady appearance during the past year. Prices
have, as usual, fluctuated, but not to so great an
extent as might have been expected from the excep-
tional state of the money market ; in fact, consi-
dering the stringency that ruled for so long a period,
the hide trade may be said to have felt its effects
but slightly ; and upon the whole a fair amount of
business has been done. In petroleum the leading
feature during the past year, has been the decline
of nearly 75 per cent. from the highest quotations.
The supplies during the latter half of the year in-
creased beyond all expectation, and the import for
the whole of 1866 was 119,532 barrels against
23,703 barrels in 1865. The decline in price com-
menced with the opening of the past year,
and has experienced but slight interruption, although
the market has been occasionally steady, with some
short periods of reaction. From January to March
quotations were lowered from 3s. 3d. to 2s. per gal-
lon for American refined, with some slight recovery
before the close of the latter month. From April to
June the market was mostly steady at 2s. 2d. to
2s. 3d., but 2s. was quoted at the close of the latter
month. In July prices declined to ls. 11d. and
is. 10d., but slightly improved in the following
month, 2s. being paid at the close. In September
there was again a tendency to lower rates, which has
continued almost without check to the clone of the
year, stocks pressing heavily, and forced sales, con-
sequent upon, or attending large failures in the trade,
giving the market little chance of improvement.
During the past month very low prices have been
accepted, refined has been disposed of at ls. 4d. ;
crude quoted £l3 per ton, but almost unsaleable.
The market is now more steady, at ls. sd. to Is. 6d.
Per gallon for American refined.

Two o'.
All substantial securities dealt in at
theCLocr Stock
Exchange are improving in market value, for the
public look with considerable fear upon a large pro-
portion of the joint stock companies quoted in the
official lists. Yet there is growing confidence, and
besides the securities representing home and foreign
Governmental debts, Railway shares and even de-
bentures are now in greater favour than they have
been since the difficulty about the London,
Chatham, and Dover— a valuable property which
under judicious manipulation must ultimately
prove remunerative to all who have embarked in
the undertaking. Consols are now 91, it for money
and the present account, and 94, for the Feb-
ruary settlement, a further rise of if: and conse-
quently p r cent, higher than they were this day
week.
In the Foreign Stock Market there has not been
much animation, and prices are a shade flatter.
Mexican Stock has declined to 1818-1
Passive , Spanish
if, to 24,*, while Greek Bonds have im-
proved /, to 144,
The dealings in the Railway Share Market have
been to an average extent, but prices generally
show a slight depression. Brighton have declined
; Great Eastern, Great Northern A Stock, Lanca-
shire and Yorkshire, North Western, and Metropo-
litan each 1 ; Great Western 1 ; and South Eastern
1; while Midland have improved 1.
The Foreign and Colonial lines remain without
material alteration in values. South Austrian and
Lombardo-Venetian aremarked 15/ ; Grand Trunk
of Canada 21 -211 4 ; Great Western of Canada,
13 41,- ; and Great Indian Peninsula, 105:1 106.
American Securities are slightly depressed.
United States 5-20 Bonds have declined -a to
721 4 ; Illinois, 4 to 84 82 ; but Erie shares re-
main firm at 451 461.
Atlantic and Great Western Railway Debentures
are steady at 54 56, and the Consolidated Mortgage
Bonds at 44 42.
Bank Shares are quiet, Alliance being dealt in at
181, City Bank at 15, London and County at 651 ;
London and Westminster at 99i ; and Union of
London at 45a 1.
Miscellaneous and Finance Shares show little
change of importance. Credit Foncier of England
are steady at 3 31 ; Hudson's Bay Company at 16i ;
National Discount Company at 141 ; Royal Mail
Steam have improved to 105 ; and Peninsular and
Oriental Steam to 661.

MINING MARKET.
TUESDAY, TWO o'Clock.
There has been an act ve demand for Great Re-
tallack, which have advanced to 295. buyers, Prince
of Wales are 275. 6d. and Prosper 275. Bd., but
Clifford are weaker, and West Chiverton firmer.
Annexed aro the latest quotations :
Chivortou Moor, 5
Amalgamate, 9 9 51 ; Chonzalea Gold, 2i 3 ; Clifford
1 ; East Basset, 22 23 ; East Cat-eclat),
1; East Lovall, 10 101; East Wheal Grenville, 2; 1 ;
Great Retallack, 29s 31s; Groat Wheal Tor, 171 181;
Marko Valley, 4} 1.; North Crofty, 4 4} ; North Treakerby,
2} 3 ; Prince of Wales, 11. ; Prosper United,
31 41; Providence Mines, 27 29; South Condurrow, 12s
14s ; South Grenville, —s s Od ; Tincroft, 13} 14 ;
West earailon, 13} 14 ; West Chivorton, 54 56 ; West
Frances, 17 19; West Seton, 125 130; Wheal Buller, 22 24;
Wheal Chiverton, 61 7e ; Wheal Cr3bor, --s —s ; Wheal
Grenville, 27s 6,1 30s; Wheal Rose, ; Whoa! Seton,
135 140 ; Wheal Trelawney, 11 12 ; Wheal Uny, 1} ;
Cern Camborne, 11 ; Central Minera, —; Cooks'
Kitchen, 10 } ; East Cam Brea, 3 3} ; Great Laxey, 17
18 ; Great South Tolgus, 15s Od 20s Od ; South Frances,
221 25; St. Ives Consols, 8 10; South Caradon, —; Stray
Park, 4 G ; Drakewolls, 15s Od 17s Gd ; South :Darren,
—8 —s ; North Roakear, 6 8.

BRITISH FUNDS—CLOSING PRICES.
GGVERNMENT FUNDS.
3 Der Cent. Consols
Do. Accou.ut Jan. 10 9l 901
3 per Cent. Iteducod 9Ol i
New 3 per Cent "ii i * i
New 2b. per Cont. Jan. 1891 _
Do. o per Cant. Jan. 1873 —