The Sun.
London, England, 1867-02-07 00:00:00

Tits Ti E V IIARKET

A ND
COMMERM EzL ELLIGE

TWELVE O'CLOCK.
ALTERATION OF THE BANK RATE.

To-day the minimum rate of discount at the
Bank of England Las been placed at 3 per cent.
The last date at which this low rate was current was
June 15, 1865. This change is important ; and,
Unfortunately for commercial logic, it is proved by
Practical results that mercantile interests are chilled
and reactionary by the fever of .the early summer
last year, when there was a 10 per cent. rate, ple-
thora, failures, and increased distrust. There is
something wholesome in the movement made by the
authorities, because it is time that money should
descend to its lowest marketable point, in order that
the superfluity of available cash may bring about
confidence, and force it into legitimate channels, to
the benefit of the investor, and for the welfare of
the trading community of the kingdom.
The biddings for bills on India took place to-day
at the Bank of England. The proportions allotted
were--.to Calcutta 17,75,700r5. (1177,570) ; to
Madras, 2,96,400r5.; and to Bombay, 15,00,000r5.
(£150,000.) Tho minimum price was fixed as before,
at Is. 104 d. on all the presidencies. Tenders at
is. 10-0. Calcutta and Madras will receive in full,
and on Bombay about 51 per cent. All tenders
above that price will receive in full.
To-morrow a call of £2 10s. will become due on
the shares of Bolkow, Vaughan, and Co., the
aggregate amowit being £62,500. _

The Imperial Union Assurance Company, during
the month of January, received 79 proposals for the
insurance of £23,450, the annual premium of which
amounts to £747 3s. 10d.
Atlantic and Great Western Railway Deben-
tures are steady, at 38 40, and the Consolidated
Mortgage Bonds at 31 31i. _ _

At a meeting, held to-day, of the London and
County Bank, the report of the directors was
adopted, recommending the payment of the usual
dividend of 6 per cent., together with a bonus of
8 per cent. for the half-year, both free of income-
tar. The dividend for the whole year 1866 will
Thug be 25 per cent.
Messrs. Fowler and Co., brewers of the celebrated
I'restonpans ales, having disposed of their business
to a Limited Liability Company, have appointed
Mr. R. T. Strangman, of 37, Broad-street Build-
ings, their London agent.
The traffic returns of the railways in the United
'ngdom for the past week, compared with the
corresponding period of last year, are, with a few
exceptions, of a favourable character. On the
Great Western there is an increase of £2,016 ; on
the North-Western, of £256 ; on the Brighton, of
£631 ; on the Midland, of £1,555 ; on the South-
Eastern, of £207 ; on the Great Northern, of
£3)435 ; on the Lancashire and Yorkshire, of
£2,707 ; on the Bristol and Exeter, of £192 ; and
on the London, Chatham, and Dover, of £5BO ;
'while the South-Western exhibits a decrease of
,1•1897 ; the North-Eastern, of £1,768 ; the Man-
e','enter, Sheffield, and Lincoln, of £1,431 ; and the
Great Eastern, of £1,021.

Two o'CLoca.
Money, long locked up, is coming into active play.
Ills has been instanced by the investments made
; 4 all Government securities, British and foreign.
It
j't would have been noticed by those who have
recently watched the markets that a considerable
4baorption of English Stock, Continental and Colo-
-1141 Bonds, has taken place. To-day there has been
tal inVillSe to this process, attributed to the reduc-
reduc-
eef the rate of discount, but solely produced by
ahgeneral belief in the old aphorism, that when
'airs reach their worst they mend. The latest
rotations of Consols are 90/ to 90/ for money, and
te 91 for the March account, showing an in-
crease of I per cent.
Most Foreign Stocks are higher, especially Turkish
°nds, Spanish Passive and Certificates. Subjoined
are
some of the latest quotations :,--Turkish 5 per
Cents. 311 1; Mexican Stock, 171 ; Greek Bonds,
141. ; Spanish Passive, 221 8 ; Certificates, 141
74 ; and the Italian 5 per Cents., 1861, 541 1.
he Russian Loan Scrip has advanced to 2 21 prem.,
and the Chilian Loan Scrip to 1 / prem.
American Securities have in one or two instances
been rather firmer. Erie Shares have advanced 1,
t° 40 408 ; United States 5-20 Bonds are at 721
and Illinois Shares at 801 81.
Business in the Railway Share Market has been
lore animated, and prices generally have tended
"wards. Great Eastern have improved 1, and
Lancashire and Yorkshire and North-Western each
i while Midland and South-Eastern have each
declined
The Foreign and Colonial lines remain inactive,
at about previous quotations.
.In Bank and Miscellaneous Shares there has been
a
very moderate amount of business entered into,
but prices generally have shown a slight improve-

MINING MARKET.
THURSDAY, Two o'Clock.
There has been considerable activity in the Min-
ing Market. The principal demand has been for
providence,
Retallack, South Herodsfoot, Great Vor,
rrovidence, North Crofty, and Great South Tol-
glis• Annexed are the current quotations :

B
,Yu Gvriog, ; Cam Brea, ; Cara Cam-
uorue, 22s Od 24s Od; Central Miners, —; Chiverton
t°l.' 6 61; Chon:ales Gold, 21 ; Clifford Amalgamate,
C* 1 ; Condnrrow, —; Cooks' Kitchen, 101 11} ; Drake-
wells, 21s Od 23s ; East Basset, 20 21; East Caradon,
61uss e ;
ll,East Carn Brea 3 31 ; East Lovell, 10} 11; East
R
tav —; East' Wheal Grenville, 2 2} ; Great
b- —; Great North Downs,
.be 31 31 ; Great
tallack, 46s 6d 48s Od ; South Herodsfoot, 5 6 ;
Great South Tolgus, 19s Od 21s Od; Great Wheal Vor,
North ; Marke Valley, 4} 1; North Crafty, 5} 51;
_o Roskear, 10 12; North Treskerby, 21 21; Prince
Wales, 31s 33s Od; Prosper United, 3 31; Providence
Ernes' 27 29; Redmoor, —s Od —s; South Caradon, —;
E cuth;
Condurrow, —s Od —s Od ; Soma Darren, ;
south prances, ;
South Grenville, 9s Od lls ; St.
I;ees e°"°l3l Stray Park, —s —s; Tincroft, —;
Frances,
Caradon, 10 11; West Chiverton, 64 65; West
Frances,
—; West Seton, 1271 132}; Wheal Buller, 26
~i`v-.).; Wheal Chiverton, 81 ; Wheal Cr3bor, --s —s ;
wheal Grenville, 21s 23s Od;
.Wheal Seton, 100 110 ;
f cal' Basset, 65 671; East Gunnis Lake and South-Bed-
ord, 40s 50s.

BRITISH FUNDS—CLOSING
4acrttiLNURNT r UND S. PRICES.
3 Der Cent. Consols 901 1
1-
1
o. Account, March 7
90
90 89k 90}
Per Cent. Reduced
90 89 90i
...lew 8 , , per Cent
721
New 2i per Cent. Jan. 1894
A Ds). 5 per Cent Jan. 1873
-.onuities, 30 y s., sth Jan. 1880 121
Do. for 30 yrsr .eepxire sth April;lBBs —
Do (Red Sea ilaxle-graph), Aug., 1908 —
each
pm
Do., Bills, £l,OOO, 4 per
° ......... £5OO
_o
.........
- pm
13 1-).. ........... £lOO & £2OO ?
lllci,..sof England Stock, 6} per Cent ... 2491
1 --"I•401 GOVERNMENT SECURITIES.
tl.l Stock, 101 per Cent., b_'
,:a- count
AprillB74 217
107}
„u• 0 per Cent. July, 1870
'-'O. 4 per C Oct. 1888
Do. Certificates —
Do E
84
, • nfaced Paper 4 per Cent
_
Do'
per Cent, Jan. 1872
107
be* 9 Per Cent., May 1879
102}
uo. iieb., 5 per Cent., Aug. 1873
pm
no.llonds, 5 per Cent., £l,OOO
_ pill
0- under £l,OOO
•
Ar gelati .rOBEIGN FUNDS—CLOSING PRICES.
ne Re, 6 par Cent
ils_Tian Bonpublic ds, 5 per Cent, 1859 —
It llian 5 per Cent
4•10. 41 per Cent., 1852-58-60 .., 3
1)0,
1863
Do. 5 pount .' er Cent 1865
Do Ace
00. £lOO Bonds
73} 1 1
'3oertos Ayres 6 per Cent
,
~,p 2 per Cent (Deferred 3 por Cent.)
k.; Man per Cent
-1130. 4} per Cent
Po. 6 per Cent A
, .1)o.
_
voi•
• n
Cont.ntbian, 6 per C
Un
t„,hel„6 Per Cent.
, -Lie. 5 per Cent., 1864 _
uattubian Princi alitie
~, O. Account .. :, 8 • •
-
.Iquador Novf 00.11.....11(1ated .t . ;.t.)r Cent —
DODO. Pt 3viBional Land Warrant —
'Delo d
t. ne ............................
4Vptian 7 per Cent.
Do.. Account
.1)0. Second issue
Do. £lOO Bonds., ........
•Y, I.Eita!miiiitmittnitti ei 481