The Sun.
London, England, 1867-04-25 00:00:00

11012-11ARKET

AND
COMMERCIAL INTELLIGXNAIS,

TWELVE O'CLOCK.
The minimum of the Bank of England is still 3
Per cent., the directors having refrained from a re-
duction, although the lowest terms in the general
discount market are quoted 21 4 per cent., and in
the loan department in Government securities at
the Stock Exchange I to 1 per cent. The execu-
tive are well aware that, in the present stagnant
condition of enterprise, commercial and otherwise,
a downward move of I per cent. would not benefit
them, as competition would speedily place affairs in
the same relative position as before, the demands
being small and the supplies excessive.
Gold to the amount of £58,000 was withdrawn
from the Bank of England yesterday.
The second report of the Bankers' Guarantee and
Trust Fund has been issued. It states that 585
new policies, representing subscriptions to the
extent of £5,587, had been issued between the Ist
May, 1866, and the 31st March, 1867, while the
claims during the same period amounted to £666.
The SUM invested and in hand at the latter date
was £8,722, and the reserve fund was £6,851.
The directors of the Otago and Southland Invest-
ment Company have issued their report in anticipa-
tion of the meeting on the 9th proximo. It shows
an available total of £5,282, eaual to about 13 per
cent- per annum on the paid-up capital of the
e°4lPanY, which they intend to distribute as fol-
l"a :-The interim dividend at the rate of 8
Per, cent. per annum, declared on the business to
the 31st of July, 1866, required £1,519 175.,
leaving £3,732 now available for distribution. Of
this sum the directors recommend that £2,320 be
applied towards the payment of a further dividend
at the rate of 12 per cent. per annum, free of in -
e°llle-ta, which would be equivalent to 10 per
!tent. for the whole year ; that £l,OOO be applied to
e commencement of a reserve fund ; and that
be written off the preliminary expenses,
thereby reducing them to £750, and leaving a
balance of £162 to be carried forward to the credit
of next account.
A statement of the affairs of Mr. Sebastian
liabilities
has been submitted to the creditors. The
liabilities are about £17,000, and the assets about
i 02'°°°. A resolution was passed unanimously
wind
up the affairs under inspection. The
lasses appear es
aPPear to have arisen chiefly from specu-
lationon Italian stock.
Further telegraphic facilities between Europe
a..!(1. America are required, and the subject is en-
gaging universal attention, and competitive lines are
eontemlation. Besides the Bermuda and Azores
orundertakeng a new enterprise is about to be started
4
.laying a cable between Brest and New York, so
C: Company is already recognised, and is composed
eatabl. American
capitalists. The principal is now
cie
t_ 'shed that with perfect insulation and suffi-
e.m IY powerful batteries and electro-magnets the
Munication can be extended to an indefinite
distance, and this New York and Paris Cable Com-
iuY are said to have secured an important improve-
mentuPon the old Morse batteries and instruments,
an`t to feel confident of their ability to send mes-
sages direct from San Francisco to Paris without
ra
riting• With their improvements they can
_ transmit. nearly ten times as many words per minute
the old batteries can send. They also propose to
Construct land and cable lines all round and through
v United
u States, so that the cable despatches can
cehsent by them direct from San Francisco, St. Louis,
.Icago, New Orleans, or other points, to Paris
avithout copying.
Jthhe lad
week's Railway receipts, ascertained up
day, are in round figures as under :-
G 1867. 1866.
Great
Western
73,654 73,551
-,iorth western • 116,002 117,213
brightWouestera 27,436 24,915
kidland "' ••• •'• - 25,505
20,15150728
t I\i"
3g°rileli Eoarat
theer.rn-la • 27 55,055
634 22,784
-,l4,!.peashire and Tor•kshire- 48,540 44,210
37,053 37031
ttristni
and Exeter._ ••• 7,145 7,087
mane Eastern n 60,162 67,6.9
-allgestore,rtha neol; ••::
36,872 36,833,
Sheffield, and Li
..,irea.t Eastern 22,165 19,900
don, Chatham •;
d Dover ... North British n 26,427137229 24,3759430
kretro
G Politan 4,314 4,021
..• ••
atied7! Southern and•Weste; of Ireland... 9,882_ 11,0_0_4.
44c1 and Great Western of Ireland 4,193
aBgow and South-Western ... -. 10,058 11,275
These returns, when compared with those of the
veorre,
vuning period of last year, show some
4),„ll
satisfactory results. On the Great Western
~uereis an increase of flO3 ; on the South Western,
of: .1)')521 ; on the Brighton, of £5,354 ; on the
dland, of £4,327 ; on the South Eastern, of
N:
;-9850; on the Great Northern, of £22 ; on the
Lancashire and Yorkshire, of £1,330 ; on the
Bristol and Exeter, of £5B ; on the Manchester,
Sheffield, and Lincoln, of £2,265 ; on the Great
Eastern, of £39 ; •n the London, Chatham, and
Dover, of £3,739 ; on the North British, of £2,052 ;
and on the Metropolitan, of £2BB ; while the North
Western shows a decrease of £1,241 ; and the North
Eastern, of £7,487.
With regard to American securities during the
Past week Messrs. E. F. Sattherthwaite and Co.
state as follows :-" The daily fluctuations in the
London market for American securities have been
of unusual severity, prices being influenced almost
entirely by the various rumours current as to the
course of European politics. United States 5.20's
Which left off this day week at 71f to /, were at one
time sold as low as 671, but on slightly more
favourable reports from the Continent have rallied
a little, and close at 671 to 68. It is evident
that large sales have been effected here on German
account, and that the market will for some time be
affected chiefly by the warlike or pacific intelligence
received from abroad. Illinois Central Shares on
an advance in Premium on gold in New York have
declined nearly p, closing 72 to 73 , but Eries have
been 4 comparatively steady, the latest quotation,
to 37, being less than $1 under the price of this
Bonds
week. Atlantic and Great Western Sectional
remain steady, but the Consolidated Bonds
have declined to 20 to 21."
A report of the Colonial and Foreign Banks Gua-
rantee Fund has also been circulated. It is men-
tioned that 404 proposals for guarantee were re-
ceivedi\ during the year ending on the 31st of
• larch, at which 318 were accepted, representing
subscriptions £9,521, against which no claim has
receipts
The reserved fund amounts to £8,033, the
4eccipts £2,304, and the payments £35 3s.
f. Subjoined is a statement of receipts for customs,
from March 23d to 30th, in the United States :-
New York
Philadelphia $2,500,988 23
74,976 44
%WNe ino
urleans, March 16 to 23 98,537 78
'art Francisco, February 22 to 28 113,418 74

Total 52,907,689 10

Two o'CLocx.
4 Aecordin-
, to Reuter's telegram from Paris to-
day, the French Rentes were 65f. 10c. Agitated.
'nee the adjournment of the Bank Court the
_ . demand for monetary accommodation has been
quiet) at easy quotations.
a the Stock Exchange this morning there was
complete
inquietude, with its usual accompaniment,
44‘,
.tness. "Luxembourg," "Berlin," "Paris," and
ininlediate war," being prominent words in con-
versation
in the House and in City circles gene-
-1,411Y. Values, therefore, gave way ; but as the
ge
ne-
-1,„411Y. Values,
this morning comments very power-
1111Y in favour of peace and a pacific policy on the
part of the Emperor—" France desires peace,
a
-44 is anxious that Do doubt should exist
with regard to her intentions," (vide tele-
gramfrom Paris)—some of the " Bears" have
taken their profits, and the necessary purchases for
this object have caused a reviving tendency even in
the face of a further fall of nearly per cent. in the
l!ntes. Consols have been 901 and they are now
XO4 it for transfer and account. The New Threes
and Reduced Annuities are 891 ; Bank Stock,
231 ; India Stock, 217 219 ; ditto 5 per Cents.,
11° j. ; and ditto Bonds, 475. 525. prem.
The Foreign Stock Market has improved since
the 3 opening this morning. Italian have advanced
to 43i 44 ; Mexican to 159 ; Spanish Pas-
sive to 191
4 ; the Certificates I, to 12-41- ; and

Turkish 5 per Cents. I, to 26i ; Greek remain
without change at 12i ; and Russian, Chilia.n, and
Danubian Scrip are at nominal prices.
The dealings in the Railway Share Market
hay

e been to a fair extent, and, in several instances,
prices have shown a slight improvement. Great
Northern A Stock and Brighton Stock have each
advanced -1, Midland and North-Eastern, Berwick,
and Great Western, Metropolitan, and South-
Eastern each I ; while Great Eastern have declined
, Lancashire and Yorkshire I, and Manchester
Sheffield, and Lincoln 1.
The Foreign and Colonial lines exhibit little
change of importance. Great Luxembourg are
dealt in at 8 84-; South-Austrian and Lombardo-
Venetian at 13-a 131 ; Great Western of Canada at
134 ; and Great Indian Peninsula at 1071
American Securities also present a slight improve-
ment. United States 5-20 Bonds are higher at
GB4 1 ; and Erie Shares, 4, at 36 37, but Illinois
continue at 72 73.

Atlantic and Great Western Railway Debentures
remain at 30 31, and the Consolidated Mortgage
Bonds at 20 21.

Bank Shares are dull. Union of London have
declined to 421, and Bank of Egypt to 32, and
Union of Australia remain at 47.
In the Miscellaneous Market there is no material
change. Royal Mail Steam have receded to 08 ;
Hudson's Bay Company, to 151 ; and Berlin Water
Works, to 11.

MINING MARKET.
THURSDAY EVENING.
-

The following report has been received from
Wheal Buller, dated April 24 :—Thursday being our
setting, we set the following :—The 92 to drive east
to 6 men, at £8 per fin., worth for tin £l5 per fin. ;
the 92 to drive west to 4 men, at £8 per fin. The
lode in this end is producing tin, but not enough to
value. The 80 to drive east to 4 men, at £l2 per
fin., worth £3O per fin. A Winze to sink under this
level to 6 men, at £l3 per fin., worth £2O per fin.
A stape in the bottom of this level west of cross
course to 4 men, at £6 per fin., worth £l5 per fm.
A stape in the back of this level to 6 men, at £7 lOs
per fin., worth £2O per fin. The 70 to east
to 4 men at £8 10s. per fin. worth £l2 per fm. ; a
winze to sink under this level to 6 men, £8 10s. per
fin. worth £l2 per fm. The 80 to drive east of
Hacking's-cross course to 2 men at £l2 per fin.,
worth £4 per fin. ; the 70 to drive west to 2 men
at £8 per fin., producing good stores of tin. We
have set the 60 stape on tribute. The 90 to drive
south of Kistle's shaft to 60 men at £l2 per fin. A
winze to sink under the 80 fin. level on the south
part of the lode to 4 men at £8 per fin., worth £3O
per fm. Eighteen pitches to 58 men at an average
tribute of 10s. 2d. in 20s.—Signed, JAMES INCH.
Business in the Mining Market remains very
quiet, but prices in most instances are well sus-
tained, Prince of Wales being in demand. Annexed
are the latest prices :
Chiverton Moor 5l 51
Chontales Gold

Clifford Amalgamate

East Basset

East Carn Brea —
East Caradoa —
East Loran —
East Russell
East Wheal GrenTille 2± 21

Great L &say —
Great Retallick
Great Wheal Vor

Marke Talley
North Crony
North Treskerby ll 2
N. Wheal Chivertoa
Princeof Wales s3s 558
South Caradon 315 330
Tincroft
West Seton
West Chiverton ... 714 72i
Wheal Basset
Wheal Grenville
Wheal Seton

BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT FUNDS.
3 per bent. Consols
Do. Account, May 9 9o}
3 per Cent. Reduced B9l 1 9
New 3 per Cent B9l 9
New 21 per Cent. Jan. 1894
Do, b per Cent. Jan. 1873
annuities, 30 yrs, expire sth Jan., 1880
Do. for 30 yrs, expire sth April 1885 --
Do (Rod Sea Tele6raph), Aug,, 1908 —
.xchequer Bills, £l,OOO, aud4 per Ct —
Do £5OO
Do. £lOO & £2OO Pm.
Bank of England Stock, 61 per Cent 251
INDIAN GOVERNMENT SECURITIES.
Indian Stock, 101 per Cent., April 1874 217 19
Do. Account
Do. 5 per Cent. July, 1880
Do. 4 per Cent., Oct. 1888
Do. Certificates
Do. Enfaced Paper 4 per Cent
Do. 5 per Cent., Jan. 1872
Do. 5i per Cent., May 1879
Do. Deb., 5 per Cent., Aug. 1873
Do. Bonds, 5 per Cent., £l,OOO 52 pm
Do. under £I,OOO
FOREIGN FUNDS—CLOSING PRICES.
Argentine Republic, 6 per Cent
Austrian Bonds, 5 per Cent, 1859
irazilian 5 per Cent
Do. 41 per Cent., 1852-58-60
Do. 1863
Do. 5 per Cent., 1865
Do Account
Do. £lOO Bonds .....................
Buenos Ayres b per Cent
DJ 2 per Cent. (Deferred 3 per Cent )
6 per Cent ................
Do. 41 per Cent
6 per Cent A
Do. B
1867
D Scrip, £2O paid 6 dis
CoI mbian, 6 per Cent.
3ubs., 6 per Cent.
Danish 3 per Cent, 1825 .................
Da. 5 per Cent., 1864 .........................
Danubian Principalities, 7 per.6;lt
..... —
Do. Do. 8
Do. Do. Scrip, £2O paid dis
Binador New Consolidated, 1 per Cent...
gyptian per Cent .............
Do. Second Issue ........................
Do. £lOO Bonds ...........................
Do. 1864 ....................
Do. £lOO Bowls ..........
.................... 7
Do Government Rail wai7.l)Wani.u.; . B'"2-
r De eok.
Accounts perC e n. t. a.
..
.1.
..........
........ x...C..0.
......
.. 1 1
upon,
Do. Coupons ...........
Do. Account ..................................
Ghitemala 5 per Cent •.....................
s Jima 5 per rert 1865 • .....................
Account ............................... --
Do. Maremmana
......................... 661
51
61
M. ,xicai, 3 per Cent .....y
.............
Ditto for Account .......................... —;
Dn. 1864
.......................
Do 6 per Cent. Anglo-French,,,,....... .
.
q ontevideau 6 per Cent.,,,,,,,.........
vloorish Imperial 5 per Cent
..... .........
Ne w Granada ...........................
... ...........
Do 3 per Cen ........................................
Do. Deferred ............................
Do Laud Warrants (Hectares) .........
Peruvian 5 per Cent 1865 ..................
Do Account
Do 41 per Cent., 1865
Do 4 per Cent. (Uribarren)
Do 41 per Cent., 1862
Do Account
Portsguese 3 per Ct., 1853, '6, '7, '9,'60,'2,3 40 89 1
Russian 5 per Cent, 1822, St
..
.......... -
Do 4i per Cent. 1850 ..................... 85 6
Do 41 per Cent., 1860
Do 3 par Cent., 1859 53 21
Do 5 per Cent., 1862 B4i 4 51
Do. 5 per Cent., 1864
D Anglo-Dutch, 1866 B2l
Do. do. £6O paid 4 1 die
'zardinian 5 per Cent
Spanish 3 per Uent ...
Do Acciiunt
Do New Detailed
Do. Account
Do Passive
19
Do Account

I. • %.• ./...,,,, -
Spanish Cert. of Coup not funded —
Do Account
Swedish 4 per Ceut.
Do. 44 per Cent. 1864
Do. Scrip, £6O paid
Turkish 6 per Cent. 1854
Do. Account
Do 6 per Cent. 1858
Do. Account
Do £lOO Bonds —
Do 6 per Cent. 1862
Do Account 5O I
Do £lOO Bonds
Do 6 per Cent., 1863 —
Do 5 per Cent., 1865
261 I 4
Do. Account
Do. 6 per Cent., 1865 —
Do. 4 per Cent. Guaranteed lOOl 1
Venezuela, 3 per Cent. —
Do. 6 per Cent, 1862 —
Do. 1864 l6 174 1
Ditto 11 per Cent. —
Dividends on the above payable in London.
Austrian, 0 per Cent., Ex. 10 Florins
Belgian, 44 per cent., Ex. 251.
Dutch 21 per Cant. Ex. 12 Guii
Do. 4 per Cent. Certificates ..... B2l 2
French Rentes, 3 per Cont., Ex. 251. —
ltAliaL 3 per Cont. 1831, Ex. 25i.
Do. Account 431 1
THREE O'CLOCK

Consols, Money 904 ;r
Do. Account

LIVERPOOL CO r TON MARKET,

This Day.

Market opens with a steadier feeling, and with
less desire to press cotton on the market. Sales
probably 12,000 bales.

The death of Mr. Weatherall, the chief clerk of
Vice-Chancellor Wood, was announced yesterday, on the
reopening of the offices. He died suddenly on Good Fri-
day of disease of the heart, having attended to his duties
on the previous day. The vacancy has not been filled up.