The Sun.
London, England, 1866-11-20 00:00:00

lONEi-XARKET

AND
COMBIEROI I, INTELLIGENCN,

TWVE 0' K.
There is no change to-clay in the conditionCLOC of the
Discount Market, the rates being easy and the in-
quiries moderate.
The Reda has arrived from New York with
£30,000 in specie.
There was an influx at the Bank of England yes-
terday amounting to £168,00.0 in bar gold and
6,000 sovereigns.
In the Foreign and Colonial Produce Markets,
during the last few days, there has been a moderate
amount of business. The operations in tea have
been postponed until to day when a large quantity
Will be offered for public competition. Sugars have
remained at steady prices, while rice has been in
moderate request at full rates. Tallow has been in
limited demand, without any material change in
values.

A plan has been submitted to the shareholders by
the directors of the Metropolitan and Provincial
Bank (Limited), to reduce the liability on the
unpaid capital and to reconstruct the company.
At Present the amount of each share is £lOO, of
Which £2O has been paid, leaving a liability of £BO
per share. The directors, therefore, propose to
reconstruct the company under the title of
The Metropolitan Bank (Limited)," with a
nominal capital of £400,000, in 40,000 shares
of £lO each. The first issue of 20,000
shares will be made exclusively to those proprietors
whose names are on the register at the end of next
month, each new share being credited out of assets
with £lO
paid up thereon in full; and the new
shares will be exchanged for the present shares in
the proportion of four new, with £4O paid and no
liability, for three old with £6O paid and £240 lia-
bility, The Metropolitan and Provincial Bank will
immediately band over to the Metropolitan Bank
(Limited) assets in cash and available bank-
isg securities to the amount of £200,000 in
the banking premises, this sum being the £lO
Per share on the first issue of 20,000 ; and the pre-
liminary expenses attaching to the present bank,
amounting to £11,025, will be finally extinguished.
The remainder of the assets consist of accounts re-
ferred to as
" inoperative" in the report of 12th
July last. These, which (after everything known
to the bad has been written off) represent about £7
rap
Per share additional, will be converted into cash asidly th~as possible. A dividend is now proposed at
therate of 4 per cent. per annum, payable on the
24th proximo.
The Stock Exchange Committee have appointed
Thursday next a special settling day in the New
Zealand Government 6 per Cent. Debenture Loan,
and they are to be marked. It has also ordered
that the sterling 5 per Cent. Bonds (Bounty Loan)
°f the State of Massachusetts be officially quoted.
On Friday last an order was made to wind up
the Wiltshire Iron Company (Limited). Vice-
nT.Tansellor Sir, John Stuart has now appointed Mr.
Edwards, of the firm of Edwards, James,
T.
official liquidator of the company.
he directors of the St. John d'El Rey Mining
'°333Pany (Limited) have received the following re-
r(lt.% dated Morro Velho, 17th October. Produce
r September, 47,875 oitavas; cost for do., £10,277;
13rofit for do., £B,lBB. Produce eleven days of
October, 16,632 oitavas; yield, 9,535 oitavas per
hll. The short supply of water lessened both the
ailling and reduction duty.

Two o'CLocK.
thtecording to Reuter's telegram, the French Rentes
1013, day were 69f. 30c., showing a decline of about
e
At a 'fleeting to-day of the shareholders in the
Port Phillip and Colonial Mining Company, Mr.
W. Wingrove and Mr. D. R. Macdonald were
elect Wed directors, in the place of Sir Chas. Rich and
Captain Vetch, resigned ; Mr. N. Cobbett was
appointed trustee, vice Sir Chas. Rich, resigned.
St Very little speculation is reported in the English
the chief
Market, the Russian Loan having absorbed
Consols
chief share of attention. The money price of
t—b°llsols is firm at 901 1, but for the 6th proximo
they
are / lower, at 881 ex div. Bargains have
!taken place in the New Threes at 878 8 ; and in the
educed Annuities at 871
a ; Exchequer Bills con-
re steady. Bank of England Stock, 2488 250;
a Stock, 213; and ditto 5 per Cents., 1061.
to ga Sec Irides generally are not very active
t,di'4Y, but numerous dealings have taken place in
a
urkish, 1862, at quotations ranging between 591
604 ; in ditto £lOO Bonds, 60 611 ; showing
hrtnnesa with an upward tendency. The Fives
iave risen to 34 I ; Mexican, 1 171 ; Greek,
2it° 131 144 ; Spanish Passives remain steady at
ha z ; and Italian, 548 55. Scarcely any quotations
ve taken:place in Egyptian.
tr Tie new Russian Loan is still the centre of at-
aractic% in the Stock Exchange and outside. We
toe informed that the subscriptions are pouring in
nomi-
nal extent that will shortly far exceed the nomi-
tb' amount of the operation. At first it was thought
here comparatively few investors would be found
r to apply for allotments, but a careful couside-
,,a4i°4 of the soundness of Russian credit, and the
CiaParatively low figure at which the loan is offered
:lathe public, renders it not improbable that the
Oseriptions here will be larger than those of Hot-
ed and the Continent altogether. Last evening
Arese was 11 prem. ; it is now (2 o'clock) 11
with a fair amount of business.
B A fair amount of business has been done in
;TtiBl,
Ralway shares, and, with a few exceptions,
131.:e,,s are a shade firmer. North Western and
,lu 1 ton have each improved f, and Metropolitan
ict"'ile Great Northern A Stock has receded /,
and 8, and South Eastern f.
eha,; the Foreign and Colonial lines there is no
ate" of importance. Great Luxemburg are
ean"Y at 121, San Paulo at 13i, Great Westernlof
107.1 a. at 121 1, and Great Indian Peninsula
of
.0 Bank Shares there is a limited demand, but
(Inotatio,
teriai in most instances remain without ma-
tom variation. Alliance are dealt in at 191 ;
at 44°11 and County at 64/ ; and Union of London,
theln Miscellaneous Market there continues to
rutetvery little animation. Credit Foncior or Dug-
an.sa tie marked 331 ; General Credit, 41 ; In-
e;ig' enal Financial, 31 ; Ebbw Vale, 111 ; and
Igaqtraerican Telegraph, 141.
bush American Securities there has been a good
to eBB4 transacted. Erie Shares have advanced
linit,„;l 504, and Illinois Shares 1/ to 78 79.
Atiu States 5-20 Bonds remain firm at 701 1.
hav antic and Great Western Railway Debentures
kolideadte_icheed 1 to 60 61 ex coupon ; but the Con-
kuld ec' Mortgage Bonds, which are in good de-
At' have advanced 1 to 428 43 ex coupon.
Orient 'fleeting to-day of the shareholders of the
tetitecri
Financial Company, the liquidators pre-
lim beena report, making an offer of £3,000 which
the made to them for their debt of £70,000 in
ado_ arraarthenshire railway, a resolution was
lug
varioclui_? refuse that sum, and that another meet-
ineali 4..41 he called in three months, and that in the
°km- time the liquidators should endeavour to
0:1 a better offer.
t,.he aen:,9lB are firmer, being 88f. buyers for the
t,oat, tflat• Railway shares are flatter. Russian
4Lea
dY.
eilaneous shares are rather depressed.

MINING MARKET.
TUESDAY, Two o'Clock.
114 sin •
(bile,• esB in the Mining Market continues rather
(Iret;v• fair demand, however, prevails . for East
tale 111 e, Prince of Wales, and Seton, while Chden-
are 8) Clifford, North Treskerby, and West Cara on
ilacia;shacle weaker• Carnarvon Consolidated are
quo at f°r at
10tIB- i i 'prem. Annexed are the current
Cata
h eti. °4lllrne, 233 25s Od ; Chiverton Moor, 41
1.‘130.44° t: ;81 Gold,
East.
' 2 2i ; Clifford Amalgamated, 6f 7 ;
East it 43 ; East Caradon, 51 i ; East Lovell, 11 1117
tate usaell, 3 ~
'-'t ; East Wheal Grenville, 2} 21 ; Great.
NGrej'.‘ll7 X 18;; Great South Tolgus, 10s Od 12s 6d ,
it". 111741 17°1., 161 17; Marke Valley, —;
Crab' 2-`t 2; North Treskerby, 2i 3 ; Prince of
North
-°6
27s Od i South Condurrovr, —a —a i south