The Sun.
London, England, 1864-04-16 00:00:00

HONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCL
ALTERATION IN THE RATE OF DISCOUNT.
Some commotion has been produced in City circles
to-day by the announcement, shortly after the
opening of business that the authorities of the Bank
of England had raised their minimum discount
quotation from 6to 7 per cent. The market yes-
terday afternoon presented an unsettled appearance,
owing to a scarcity of money. A very brisk de-
mand for accommodation, and a disinclination on
the part of the bankers and bill brokers to negotiate
securities, unless at enhanced quotations. The pos•
sibitity of an advance in the official rate was vaguely
spoken of, but few were prepared for the impor-
tant measure now adopted. It naturally enough
has engaged serious attention, not only in
monetary and commercial circles, but also in the
Stock Exchange, where some depression has been
consequently produced. Many of the operators
for a rise in prices have hurriedly taken their profits,
and the sales thus effected have invested the diffe-
rent markets with a marked degree of heaviness.
Bank shares, previously the most buoyant class of
security, have suffered severely, and affairs alto-
gether have assumed a very different appearance
from what was manifested earlier in the week.
There is very little money on offer, and only a
!mall amount of business has been transacted at the
new quotation.

The banks and discount houses are expected to
raise their allowance of interest on deposit accounts
in the same way as on former occasions, when the
discount quotation has been adjusted at 7 per cent.
There was no material alteration in the foreign
exchanges yesterday afternoon.
Since Monday last the imports of have amounted
to £866,700, and the exports to £500,000.
The Committee of the Stock Exchange have ap-
pointed Tuesday next a special settling day in the
shares of the Credit Mobilier and the Mercantile
Exchange Bank (200,000 new shares), both to be
marked in the official lists.

Two o'CLoar.

At Paris this morning, according to Renter's
telegrams, the Three per Cent.Rentes were 66f. 650.
Plat.

The advance in the rate of discount created addi-
tional heaviness in the market for the English
Funds, and some sales on speculative account have
caused a decline of 9 per cent., Consols being 91; 1-
for money, and 911 1. for the 4th proximo. The
New Threes are 89; 8 ; the Reduced, 891 1; India
6 per Cents., 105$; and Exchequer Bill's, 10s. to
68. dis.

In the Foreign Market a general decided de-
cline has taken place, and business is very inactive.
Turkish 6 per Cents., 1862, have receded to 71* 72 ;
do,, Consolides, to 524 to Mexican, to 464 47;
Greek, to 241 g ; Spanish Passive, to 344 4 ; do.
Certificates, to 12: e ; Portuguese are 49 ; and
the Confederate Loan, 54 55.
In the Railway Share Market business has been
inactive, and prices in most instances have exhi-
bited less firmness. Great Western and South
Eastern have declined 4; Brighton, 1 ; North
Western, Metropolitan, Midland, and North
Eastern, York, 1; and Great Northern A Stock, 14.
The Foreign and Colonial lines remain without
change of importance.
Bank and Miscellaneous Shares are dull, and in
1330 et instances a downward movement has taken
Place. Alliance have receded to 57 8 ; Imperial
Ottoman to 204 ; London and Brazilian to 634;
Imperial Bank to 404; Hudson Bay Company to
19: a ; and Mercantile Credit to 151.
The following are the current quotations of some
of the principal new undertakings :—lmperial Bank
of China, 31 4 prem. ; City Offices, 21 4 prem. ;
Millwall Iron Works, 21 3 prem.; Credit Mobilier,
54 6 prem. ; Credit Foncier, 71 8 prem. ; Thames
Iron Works, 44 prem. ; Imperial Financial, 41 5
prem. ; City of London Real Property, 14; Oriental
and General Marine Insurance, 21 4 prem.; Inter-
national Land Credit, 24 prem.; Lemberg Railway,
prem.; Telegraph Construction, 2 1 prem.;
Babloniere Hotel, 24 4 prem.; North Australian, 9 1
prem.; and Port Augusta Company, 1 4 prem.

BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT FENDS.
3 per Cent. Consols
Ditto Aocount, May 5 9ll A
3 per Cent. Reduced
New 3 per Cent, B9l i
New 21 per Cent. Jan. 1894
Annuities, 30 yrs, expire 6th Jan., 1880 —
Ditto for 30 yrs, expire sth April, 1885 —
, Ditto (Red Sea Telegraph), Aug. 1908 —
Axchequer Bills, £l,OOO, 21 & 3 per Cent 5 10
Ditto £5OO
Ditto £lOO and £2OO
Bank England Stk, 41 per Ct.
Ditto Account
INDIAN GOVERNMENT SECURITIES.
India Stock, 101 per Cent., April 1874....
Ditto 5 per Cent. July, 1870
Ditto Account....
Ditto 4 per Cent. 1888 —
Do Certificates
Ditto 4 per Cent., Oct. 1888 —
Ditto Enfaced Paper, 4 per Cent ..
Ditto 5 per Cent., Jan. 1872 .. 104
Ditto 51 per Cent., May, 1879 —
Ditto Debentures, 4 per Ct., April 1864
Ditto ditto Aug., 1866
Ditto Bonds£l,000
Ditto under £l,OOO —dis
FOREIGN FUNDS—CLOSING PRICES.
Austrian Bonds, 5 per Cent ..
Ditto 1859
Brazilian 45 per Cent
Ditto 41 per Cent., 1852-58-60
Ditto 1863 BB/ 71
Buenos Ayres 6 per Cent —
Ditto £lOO Bonds —
Chilian,6 per Cent —
.... Ditto 41 pei Cent
Uolombian 6 per Cent
t quad or New Consolidated, 1 per Cent l4
h4Yptian 7 per Cent lOl
101 1001
Ditto, Second Issue
Greek 5 per Cent., 1824-5, ex-Coupons —
Ditto Account .•...,••.• 241 5
Ditto Coupons —
Ditto Account —
Italian 9 per Cent.(Maremmann Railway) 754
kezican 3 per Cent
Ditto Account.... 47k 7 i 64
Moorish Imperial 5 per Cent
New Granada —
Ditto 2 per Cent. —
Ditto Deferred
Ditto Land Warrants (Hectares) —
Peruvian 44 per Cent
Ditto Account....
__ .

Ditto 3 per Cent. (Uribarren)
Ditto 41 per Cent., 1862 ..
Ditto Account
Portuguese 8 per Cent.,:1853
Ditto Account 49
Ditto 3 per Cent., 1856, '7, '9, '6O, 62,'3
4-4 9 i
Ditto Account
Ditto Scrip (1863) £3O paid - Pal
-Russian 6 per Cent., 1822, £ St —
Ditto 41 per Cent., 1850 BBl
Ditto 3 per Cent 1859
Ditto 6 per Cent, 1862
Sardinian 5 per Cent ..........
86i
IY..tto Account
iskalish 3 per Cent ..................
'.oitto Account ..................
... ..
......
Ditto New Deferred .............
Ditto Account ...................... _
Ditto Passive
Ditto Account
SPEtnish Cert. of Coup not funded ......
1721 13
Ditto Account
~,81c-ecliall, 4 per Cent __
-turltish 0 per Cent. 1854 —.
Pitto Account —.
Uitto 6 per Cent. 1858
iiitto account
Ditto £lOO Bonds.. 7Ol 3
Ditto 6 per Cont. 1862
Ditto Account .. 711 2 11
, Ditto 1863 ..
ir Ditto Guarantee% 4 per Cent. ..... ...
enezuela 3 per °Oat.
.Ditto Account —
Ditto 6 per Cent., 1862
Ditto Account
Ditto 11 per Cent
, Dividends on the above payable in Load .0
.1111,4trian, 5 per Cent.. Ex. 10 Florins.
tilgian. 4f per Cent., Ex. 25f... —
uilte4 2i per Cent., Ex. 12 Gun —
1,-,140 per Cent. Certificates
It ~,-tto Account .. —
a''iart, sper Cent., 1861, Ex. 25 francs..
V P
ih. at° Account 671
tledroontese 5 per Cent., Ex, 25f ,
• 'ernvian Dollar Bonds, 41 per CtXx, 4s,

TWO O'CLOCK.
V°1,11!ols lkionev
-1-"tto Account . 911

Liverpool Cotton Market—This Day,

b ". Importul 27,214 No Chan
41 ge in the market, Sales about 6,000