The Sun.
London, England, 1850-06-10 00:00:00

MONEY and COMATERCIAL NE MS.

CITY, TWO O'CLOCK,
'11v! . Cott.ai At Llvirpoo:u SzltLuctay vtrio-
estimated cit, from 4,000 to 5,000 bales, cf whtcb 600
American -irks, taken for export 430 on ipecuktioL.

The market was heavy for American.—Railway Shares
were firm at about previous rates.
The Cora Market has been very inactive, and the
previous rates have been barely supported.
The attention directed to mining pursuits since rail-
ways appeared to offer less attraction to capitalists, jus-
tifies the inquiry how far late results have compensated
the adventurers. In so far as foreign undertakings are
concerned, there can be no doubt that several of them,
which for years have yielded little or no return, have re-
cently afforded much greater. promise, and in a few in-
stances have allowed of the realisation of a respectable
dividend. The Californian discoveries have shamed the
inertness of the Spanish American miners, and will lead
probably ere long to important consequences. If we
look nearer home, we shall find that new ground is
being worked in ornwall, Devonshire, and the Welsh
principality, and in some cases with great success. The
most remarkable instance, however, that has come under
our observation is the Devonshire Great Consolidated
Copper Mining Company. The amount paid up ou each
share is but 11., and the selling price is somewhere about
2501., we believe. In fact from the payment of the de-
posit the undertaking appears to have been carried out by
means of the profits, and how large these must have
been the fact of such enormous dividends being paid,
although so much property is made available, will best
attest. In the year ending the Ist of March last; the
dividends amounted to 331. 10s. per share on 1,024
shares, and the assets of the company, besides the lease
of the mine, and represented by machinery, cattle, fur-
niture, and 5,0001. in Exchequer bills,, amounted to
72,9351. Taking the year's estimate of income and ex-
penditure, the balance shows an amount in cash and
bills to the credit of the company of 13,3671., 17s. Bd.,
being an increase on last year's account of 1,3841. 10s. 2d.
The estimate of liabilities and assets has been made on
the same principle as heretofore adopted, due allowance
being made for depreciation of stock ; and the balance
of 72,9351. 1 ls. 7d., shows an increase on the
year of assets over liabilities of 6,7041. 1 ls. 7d.
This favourable and satisfactory state of affairs
is highly gratifying to the directors, who are war-
ranted in expressing their expectation of a con
tinuance of them, from the .large quantity of ore still
remaining in the mines, amounting to upwards of 62,000
tons, and the general effective working of the concern,
reference to which will be made in the mine agent's re-
port. They trust the shareholders will be equally satis-
fied, seeing that they have not only received an increase
of dividend amounting to 3,580/., but also accumulated
property equal in value to nearly 7,000/. during the past
year. It is to be observed that the accounts are made
up to the Ist of March only, since which date some
large sales of ore have been effected, which will enable
the directors to pay in the present month a dividend of
9/. per share, an announcement, undoubtedly, gratifying
to all.
" It is presumed the only conclusion to be drawn from
the foregoing particulars of the present state and condi-
tion of the mines is, that they are in a most prospereas
and efficient state of working. The completeness of the
necessary machinery—the perfect ventilation and well-
opened levels—and, above all, the extraordinary large
reserves of ore still remaining in the mines, especially
at Wheal Josiah, indicate prosperity, which can only be
viewed with the greatest satisfaction. Although, in large
concerns like these, there must necessarily be points
where the prospects are less encouraging, yet, as a whole,
they cannot be looked upon otherwise than indicating
productiveness for a long time to come. The reserves
of ore alone, amounting in the aggregate to no less than
62,230 tons, which, taken at the average value of the last
sale of ore, 6/.. 6s. per ton, would realise 392,049/., are,
in themselves, a most undeniable source of wealth, which,
it is confidently expected, will be continuously reinforced
by fresh discoveries throughout these valuable concerns."
The steamer Hibernia has arrived off Holyhead with
later advices, but the letters will not be delivered in town
to-day. Great satisfaction has been expressed at the in-
telligence of the failure of the piratical expedition to
Cuba.
The continental advices are not of much interest in
a commercial view, hut generally the money markets
were easy, and trade was moderately good. The
reports from the smaller wool fairs state that they have
commenced under favourable auspices, and in some in=
stances the whole supply was speedily cleared off,
at decidedly advanced rates. The new clip
was arriving, and the washing is highly com-
mended. On English and French account there was not
so much doing as for the Zallverein and Netherlands'
manufacturers. It is said that the Berlin dealers, being
large contractors, would be great losers unless they
could obtain an advance upon last year's rates.
Accounts from Egypt state that great interest was
taken there in the East Indian Railway, and that there
were hopes, of a line being formed from Alexandria to
Cairo.
The English Funds have been quiet, but are at ad-
vanced rates. The account-day being near •at hand,
will have an influence upon the quotations, ac-
cording as the speculators for a rise or fall are
shown to be in the ascendant, but while the foreign
political news continues satisfactory, and there is such
a superabundant supply of money, the Bulls, even if
they have gone rather deep with their opern-
dons, will obtain great facilities for carrying
over, and as the payment of the dividends takes place
before the July account closes, they will be emboldened
to operate,,. Consols have been quoted 96-11 to 97 for
Transfer, and about per cent. above those rates
for the, July Account. The New Three-and-a-Quarter
per Cents. have been marked 97i to 98. Exchequer-
bill have been quoted 68s. to 71s. premium.
In the Foreign Market there has been a
fair general business done. Mexican Bonds are
31k, and Grenada Deferred, 4i; Brazil Stock has been
at 88, and Peruvian at 77i to 78. Spanish Throe
per Cents. have rallied to 37i and 38, upon
the Cuban news. Portuguese Five per Cents.
have been marked 334. Russian Bonds have
realised 108. Dutch Two-and-a-Half per Cents. have
been quoted 57 to it, and Danish Five per Cents. 981.
In Railway Shares there is not muoh doing, but prices
are firm.

QUARTER TO THREE.
Consols ... ... .. ... 968 97
Ditto Account ... ...
... 968 97
BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
3 per Cent. Reduced Annuities
3 per Cent. Consols Anna
NOW 314 per Cont. Anas. 97% 95
Long Annuities. Exp. Jan. sth, 1860 8 3-16
Do. 30 Years. Expire Jan. 5,1860 B%
COlisolS for Account
Exchequer Bills. 1%d.2d.
Yank. June.
1,0601.
500/. 7l p
Small — 68 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Allan= Bonds, 5 per Cent.....
Brazilian Bonds, 5 per Cent....... 88
Chilian Bonds, 6 per Cent .. 99
Danish Bonds 1825, 3 per Cent...
Ditto, 5 per Cent
Ditto, Scrip
Grenada, lUt per Cent
Ditto Deferred 4%
Mexican 80nAt5,1846,5 per Cent., Coupons
Ditto Ex Jan. Coupons
Ditto for the Account
Peruvian Bonds, 4% per Cent 7B 771,4
Ditto for the Account —
Ditto Deferred

Portuguese Bonds, 5 per Cent —
Ditto Converted, 1841 3334
Russian Bonds. 1822,5 per Cent lOB
Spanish Bonds, 5 per Cent l7l/4
Ditto Account
Spanish Bonds, 3 per Cent,l840
Ditto' for the Account ....
Dividends on the above payable in London.
Dutch 214 per Cent., 12 Guild
Ditto 4 Der Ce:At. Certificates
BUSINESS DONE IN RAILWAY SHARES AT ONE °CLOCK
IaILWAIS. PAID. FRU SHARE.
neledonian .. ... 5O ..... 906-* to
E ist Anglia, 25/. L. & E.,
&'

to

aid L... D
Do, 31. 135.,6 p. Ct. Pref. 31/4 ...... 1 ..... to
Eastern, Count es ..... 2O 71,4.-- to
Do. New Pref., 6 per Cent lO .. ... 11% x.d to
Great Northern .
;X), 5 per Cent. Pref l2l/4. ..... 10%%... to —_
;t. South. & West. (Ireland) 50 ......
.......
Ditto, Eighths ......... ..... 114 ll/4 to
Great North of England 100 ...... 225 ...... to 222
Ditto, New 15l to
Great Western lOO ...571/4 ex n. to 58,!‘
Do. New 171. •
..... 16
.. ... 7 ex n. to
Lancaster and Car1i51e........ 50 ...... 52434... to
Lancashire and Yorkshire ...100 ..... 40
Ditto Fifths lO ... ••• .!.41 to
Leeds and Bradford ... . „,..... 50 •• ••• 95
Loud., Bright., & South fjoastloo •••••
11
15 ...... 33
Do. Guaranteed sper Cent. 9 • ..... to
London and Greenwich... 12/. 15s. 4d... 10% to
London & North Western.....loo ......108
L4westoff, guar. 4 per ct ...... 20 .••••• 15
Midland.. ..... ...........• ...100 ...... 36%..... to _.Ditto, 501. Shares ..... ...... 30 •••••• 314 to "`
North British .. .. ...... .. .25 •••••• 74.. •• to —•Forth Staffordshire... ~ ... 171/4 ..... 7
York, Newcastle, and Berwick 25 ...... . 141/4% ...to
Do. and Newcastle Exten. 20 9% to
Do. G. N. E. Pur. or Pref.. 8 ...... 11/4%
York and North Midland ... 50
Ditto. Preference ............ 10 ...... 7% to
FOREIGN RAILWAYS.
Anglo Italian (late Italian ,
and Austrian)
............ •
....•• ,78/ ......
-"
East Indian
Ditto ... 2O —• .. 22q to
Orleans and Bordeaux ... .. 7 ••• —2% to
JOINT STOCK. TANKS.
Australasia
London and Westminster 2O • ..... z43/4 to
Provincial of Ireland ...... 25

MINES.
ttoo
_—
Brazilian
Ditto c..u.
i,
a. a 11.
32:1;4
••••••

an, ;ui,
Ditto St. John Del Rey ... 15 .••••• 15 •to

ST. JOHN DEL REY MINING COMPANY.—At the
annual meeting of the St. John del Rey 111ining Company,
held on Friday, a half-yearly dividend of 1/. 10s. per share
was declared, and 10 per cent. was carried to the reserve fund.
The net profit on the working of the mines for the year was
38,135/. 175., and the amount of gold extracted was 270,488
oitavas. After some discussion the report was adopted.

DARTMOOR- PRlsoNs.—The Government prisons at
Dartmoor have been recently surveyed, more than once, by
Lieutenant-Colonel Jebb, the Inspector-General of Prisons,
and by Captain Groves, R.E., and it is highly probable they
will be converted, at no distant day,into a depot for convicts
under. sentence of transportation.. No .place cohld
.be better
fitted for carrying out a reformatory system of prisofi disci-
pline, and the cultivation of the moor would afford both
suitable and useful occupation to the prisoners.