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

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li oli I] l'---X- ARKET

AND
commzßozaL ENTELLIGENnE,

TWELVE O'CLOCK.
There is no change to-day in the condition 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 £168,000 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
I,lle 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
ea £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
in°ath, 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
anmediately hand over to the Metropolitan Bank
(Limited) assets in cash and available bank-
ing 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,
stnounting to £11,025, will be finally extinguished.
The remainder of the assets consist of accounts re-
I!rred to as it inoperative" in the report of 12th
July
last. These, which (after everything known
to the bad has been written off) represent about £7
Per share additional, will be converted into cash as
taPicily as possible. A. dividend is now proposed at
herate of 4 per cent. per annum, payable on the
24th proximo.
,lhe Stock Exchange Committee have appointed
Z4-urs ayd Govt a special settling day in the New
Zealand rnment 6 per Cent. Debenture Loan,
and they are to be marked. It has also ordered
that the sterling 5 per Cent. Bonds (Bounty Loan)
nf the State of Massachusetts be officially quoted.
°a Friday last an order was made to wind up
the Wiltshire Iron Company (Limited). Vice-
Ulangellor• Sir John Stuart has now appointed Mr.
an „:11. Edwards, of the firm of Edwards, James,
(30.1 official liquidator of the company.
C 4he directors of the St. John d'El Rey Mining
°I4PanY (Limited) have received the following re-
dated Morro Velho, 17th October. Produce
Pr September, 47,875 oitavas; cost for do., £10,277;
°roat for do., £B,lBB. Produce eleven days of
ton,
16,632 oitavas; yield, 9,535 oitavas per
n. The short supply of water lessened both the
ohauling and reduction duty.

Two O'CLOCK.
thA. ecording to Reuter's telegram, the French Rentes
is day Were 69f. 30c., showing a decline of about
10e.
1, At a meeting to-day of the shareholders in the
p and Colonial Mining Company, Mr.
1Y• Wingrove and Mr. D. R. Macdonald were
el 1Y•
directors, in the place of Sir Chas. Rich and
captain 'Vetch, resigned ; Mr. N. Cobbett was
appointed trustee, vice Sir Chas. Rich, resigned.
Very little speculation is reported in the English
stockthe
Market, the Russian Loan having absorbed
Consols
chief share of attention. The money price of
41011E101s is firm at 90* +, but for the 6th proximo
taken
are lower, at-881 ex div. Bargains have
reduced
Place in the New Threes at 87i 11 ; and in the
iTeduced Annuities at 8711 ; Exchequer Bills con-
rile Steady. Bank of England Stock, 2488 250;
ndia Stock, 213; and ditto 5 per Cents., 1061.
o:,orelgu Sec ,rities generally are not very active
"4Y, but numerous dealings have taken place in
toarkish, 1862, at quotations ranging between 59i
fr 601 ; in ditto £lOO Bonds, 60 611 ; showing
h:lllness with an upward tendency. The Fives
ve risen f to 34 f ; Mexican, 1 178 f ; Greek,
2,', 131 141 ; Spanish Passives remain steady at
ha; and Italian, 548 55. Scarcely any quotations
-
ve taken:place in Egyptian.
tr'r he new Russian Loan is still the centre of at-
2etien in the Stock Exchange and outside. We
aolinformed that the subscriptions are pouring in
1;231 extent that will shortly far exceed the nomi-
bamonnt of the operation. At first it was thought
hat Comparatively few investors would be found
i‘..r.e to apply for allotments, but a careful conside-
-4tlon of the soundness of Russian credit, and the
t°loParatively low figure at which the loan is offered
ho,the public, renders it not improbable that the
l"seriptions here will be larger than those ofHol-
landand the Continent altogether. Last evening
the
Price was f 11 prem. ; it is now (2 o'clock) 11
° Prem., with a fair amount of business.
11.4 k fair amount of business has been done in
Ralway shares, and, with a few exceptions,
Plcees are a shade firmer. North Western and
Brighton have each improved _B, and Metropolitan
A, r/°:'ile Great Northern A Stock has receded 1
land and South Eastern f.
ehx' 11 the Foreign and Colonial lines there is no
ange of importance. Great Luxemburg are
ceaadY at 121, San Paulo at 134, Great Western:of
nada at 121 f, and Great Indian Peninsula
.071
4.

For Bank Shares there is a limited demand, but
;Notations in most instances remain without ma-
le 41 variation. Alliance are dealt in at 19+ ;
Mon and County at 64+ • and Union of London,
o s
44'
T
6-4 the Miscellaneous Market there continues to
i; vet? little animation. Credit Foncier of Eng-
t." are marked 33+ ; General Credit, Ai ; In-
national Financial, 3+ ; Ebbw Vale, 11/ ; and
Anglo-American Telegraph, 14+.
644, American Securities there has been a good
isieLness transacted. Erie Shares have advanced
jT„°, 49i 501, and Illinois Shares 1+ to 78 79.
ted States 5-20 Bonds remain firm at 70+ +.
4ttlantic
and Great Western Railway Debentures
ti:," declined to 60 61 ex coupon ; but the Con-
"ated Mortgage Bonds, which are in good de-
-4d4, have advanced 1 to 42+ 43 ex coupon.
0;: a meeting to-day of the shareholders of the
bental Financial Company, the liquidators pre-
aciti a report, making an offer of £3,000 which
the ueen made to them for their debt of £70,000 in
adopt arinarthenshire railway, a resolution was
d to refuse that sum, and that another meet-
Ilie:hould be called in three months, and that in the
ob: time the liquidators should endeavour to
el a better offer.
the :48°1s are firmer, being 88+ buyers for the
Lo ecennt• Railway shares are flatter. Russian
ateady.
-a Ise
ellaneous shares are rather depressed.