The Sun.
London, England, 1867-09-18 00:00:00

YIONEY MARKET

AND
COMMERCIAL INTELLIGENCE,

TWELVE O'CLOCK.
There is no change to notice in the progress of
business in the general discount market. The sup-
plies of capital continue abundant, and but few
first-class bills are on offer, the rates current still
ranging under the Bank minimum, being 1 per
cent.

At the Bank of England yesterday there was a
further influx of £20,000 from the Brazils. The
. Silver continues quiet ; in dollars there is, however,
a decline of j.
The City of Boston, from New York, has brought
specie amounting to about £35,000.
Payment is announced of the Coupon of the Eng-
lish series K 5 per Cent. Debentures, Dutch Mort-
gage Bank, at the rate of £1 ss. each, at the offices
of Messrs. E. and A. Worms.
Atlantic and Great Western Railway Debentures
have declined 1, to 25i 24, and the Consolidated
Mortgage Bonds, to 22 23.
The following in reference to the bop trade is
from the annual circular of Messrs. Woolloton and
Son, of the Borough :—An attack of blight in several
districts of the home plantations gave, at one time,
Much reason to fear that a very moderate crop would
be produced, but the seasonable weather of the last
few weeks has resulted in a recovery incredible to
those who are unmindful of similar changes in pre-
vious seasons, and it is gratifying to be assured that
the quality of the English growth is more than usually
choice. Still it is alleged by some that the amount
of improvement is exaggerated, and that the crop is
Only equal to an old duty of £BO,OOO or £90,000,
while many, whose judgment is not less worthy of
respect, confidently affirm that a produce equal to
more than £200,000 may be relied upon. Probably
a moderate estimate of £lBO,OOO is fair and reason-
able, considering that 70,000 acres of land are now
under full cultivation. Fortunately the con-
tinental crop has never been so abundant,
and, for the first time since the abolition of hop
duties, consumers will reap the full advantage of
large importations. It cannot be doubted that the
crop on. the Continent is so far beyond local require-
ments that more than 250,000 cwts. are available
for export. In America, although blight has at-
tacked the Eastern States, the produce of the whole
country will exceed the moderate crop of last year.
It is much to be regretted that in spite of recent legis-
lation and the vigilance of a London trade committee
consumers have no adequate protection against the
fraudulent mixtures of wild and worthless foreign
hops, constantly offered at low prices, under
various fictitious designations. On the continent,
not less than at home, the consumption
of hops has, from various causes, considerably
diminished during the past twelve months.
With an important surplus of yearlings and a growth
of new hops throughout the world, far larger than
the produce of 1866, it may be anticipated that even,
if the opening prices are temporarily sustained by
the firmness of holders of yearlings, the fortunate
Position of English growers, and the hurry of the
usual early demand, consumers, by exercising a pru-
dent reserve, need not pay the same high prices which
Were obtained for the grow thof last year ; prices which
Yielded the most profit to producers, and have
everywhere tended largely further to increase the
amount of land under hop cultivation. To circulate
so plain a statement of facts in regard to the hop
trade may not be popular, but the interests of
growers, merchants, and consumers are really best
Served by the diffusion of information strictly accu-
rate, instead of propounding theories based upon a
speculative bias in favour of either an advance or a
decline in prices.

Two o'CLocK.

The market for English Securities- is— rather
buoyant, and Consols have advanced per cent.
The
other markets also partake of this tendency to
1111Provement. The latest prices, therefore, are 94i
for transfer, and 94i for the account.
The New Threes are 93i ; Reduced Annuities,
93i 3 ; New 2i per Cents. (1894), 77 ; Bank
stock, for the account, 2163- ; India ditto, 221 ;
ditto 5 per Cents., 1131 14 ; Enfaced ditto, 1041 ;
ditto 51 per Cents., 109 f ; ditto Rupee Deben-
tures,l 1877, 1041 ; ditto £l,OOO Bonds, 655. to 70s.
1141. ; and ditto Bonds under £l,OOO, 655. pm.

The Foreign and Colonial lines remain without
material alteration. South Austrian and Lombardo-
‘reuetian are marked 151 ; Bombay and Baroda,
103 1031 ; East Indian, 1101 4 ; and Great Indian
1101.
American Securities are quiet. Erie shares, how-
ever, show an advance of I, to 44 ; while Illinois
are unaltered at 77i, and United States 5-20 Bonds
at 72! 73.
The Foreign Stock Market opened this morning
/lith some depression, but prices have since re-
covered to some extent. Italian have declined -I,
t°, 481 ; Mexican *, to 151 ; and Turkish 5 per
'ents. -a, to 32 ; while Greek have advanced f,
to 141 ; and Spanish Passive to 194 20.
In the Railway Market a very moderate amount
of business has been entered into, and a further
slight depression prevails. Great Northern, North
western, Metropolitan, and North Eastern (Ber-
,,jek) have each receded Midland and Great
IVestern s ; while Brighton and South Eastern have
each advanced I.
Bank shares are very quiet. London Chartered
of Australia have receded to 236, and Union of Lon-
don to 364 ; London and Westminster remain steady
at 684; and London Joint-Stock have improved
to 35.

Miscellaneous and Finance shares are without
change of importance. Viceroy of Egypt Mortgage
A°an, however, have improved to 73i 74 ; Anglo-
481lierican Telegraph are steady at 17i ; Hudson's
cp' Company, at 15i ; and Peninsular and
rielital Steam, at 48.

MINING MARKET.
WEDNESDAY AFTERNOON.
„ Continued activity prevails in the market to-day.
`jhontales have advanced to 5f buyers, and Gren-
\Pill
.e are firm at 245. 265. buyers. Seton and East
44ssell are also in demand. Annexed are the
u,closing quotations :
gio
hlverton Moor 6 North Treskerby ll 11
6-11friltales Gold
51 5 Prince of Wales 47s Od 49s 6d
"rd Amalgamate 7i 7/ Providence Mines... 29 31
E.st Basset l5 17 South Caradon
ast Caradon 5l 51 South Frances
,ast Lovell 8 81 Tincroft
Aiast Wheal Grenville 21 21 West Chivertou
gteat Laxey l7l 18 West Soton
Xrreat Retallick
It. ea t Wheal Vor ... 18 19 Wheal ehiverton ... 61 7
Zarke Valley
North Crofty

BRIT IS H FUNDS—TWO O'CLOCK.
GOVERNMENT FUNDS.
a Nit- Uent. Consols
a tio. Account, Oct. 8 ... 94; i
Neal Cent. Reduced 93 3
42? 3 per Cent 93}a
'',l,'" 2-1. per Cent. Jan. 1894 —
4 -"°- 0 per Cent. Jan. 1873 —
lanuities, 30 yrs, expire sth Jan., 1880
,1)0. for 30
expire sth April 1885 —
"0 (Red SeaTolevaph), Aug,., 1908 —
ex 1, Marcn.
-eucquor Bills, £l,OOO, 21 & 2 per Ct — po,
Do £5OO - pus
t;, ,_ Do!' £lOO & £2OO — pin
-11,,1t- of England Stock, 41 per Cent
-0. Account
Ito,INLIAN GOVERNMENT SECURITIES.
'tall St I, 10i er Cent., AprillB74 221
~ 0c.,., p
UC. Account • —
°• 5 per Cent. July, 1880
-hO.I per Cent., Oct. 1888
-0. (2ertificates
Li ,
C. Lufaced Paper 4 per Cent —
13• Per Cent., Jan. 1872
tic'•
,5i per Cen., May 1879 lO9 i
°. .., per Cent., Hop. Deb., 1872 —
Do. do. 1877 lo4}
Do
D • do. 188'' —
1.)-: Deb 5 per Cent., 873
~ Aug..
0.. U Bonds, S
per Cent., £l,OOO . 65 70 pm
°nder £l, .... pm
41, I'OREIGII FUNDS—TWO. O'CLOCK.
I .eßtille Re 6 per
en Centt._
i ngdtri
s 40. Bondps, sublic C Per 1859 —
bzilian 5 per Cent —
3' 43 per Cent., 1852-58-60
•vo Do. 1863
j) • v per Cent., 1865 —
h° Account 741 1
tv'o. £lOO Bonds —
1.1.,; Ayres 6 per Cent
~ 0
Cte 4 Per Cent. (Deferrsd per Cent.)
e..iisl 6 per Cent.
1., ll 6 per Cent —
u°' 41 per Cent
bC) ° pc+r Cont., B .
1867

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