The Sun.
London, England, 1864-07-25 00:00:00

MONEY MARKET

AND

COMMXRCIAL INTELLIGENCE,

Two O'CLOCK.
ADVANCE IN THE RATE OF DISCOUNT.
The Directors of the Bank of England have just
advanced their rate of interest and discount from 6
to 7 per cent. " This important step was in a great
measure anticipated, owing to the pressure
upon resources of the establishment. A change
being considered imminent, operators in the
open market refused business at 6 per
cent., and the extra terms required forced the mer-
cantile community upon the Bank; but, as the
reserve of notes and gold in that establishment had
been very much reduced, the authorities had no
alternative but to carry their quotation 1 per cent.
higher, It is not improbable that even greater
disturbance will prevail, unless the outflow of the
precious metals is brought within narrower limits.
The several discount and banking establishments
have advanced their rate of interest for deposits.
The terms are—money at call, 5 per cent,; 7 days'
notice• of withdrawal, 5} per cent.; and 14 days'
notice, 6 per cent.

There is a depressed market for the English
Funds, owing to the unfavourable position of
monetary affairs. Consols for transfer are 90},
and for the account, 90i The New Threes and
Reduced Annuities are about 894 1; Juno Ex-
chequer Bills, 58. to 2s, dis,, and India Stock, 212
214.

it In the Foreign Market there has not been much
animation, and prices have been depressed. Turkish 9tl
6 per Cents., 1862, are 693; k; do. Consolides, 11
601 :1; Mexican, 28k 291; Greek, 24k I; Spanish
lc
Passive, 28Z ; Portuguese, 471 48; Italian, 67tc
and the Confederate Loan, 77 771. ; is
tc
Business in the Railway Share Market has been
1c
very limited, and prices have generally shown a
stS
downward movement. South Eastern, North '
Western, Great Western, and Great Eastern have 04
each declined 63.

The Foreign and Colonial lines are also inactive,
at barely former quotations.

Bank and Miscellaneous Shares continue in ♦ery et
limited request. London Joint Stock have declined yt
to 49k; Union of London to 531; and Anglos It;
Egyptian are quoted 3f 3,i prem.

BRITISH FUNDS—ONE O'CLOCK.
GOVERNMENT FUNDS.
3 per Cent. Consols
Do Account, Aug 9
3 per Cent. Reduced
New 3 per Cent. B9l i i
New 2. per Cent. Jan. 1891... .
Do 5 per Cent., Jan. 1873
Do
for 30 yrs, expire sth April, 1885 —
Do (Red Sea Telegraph), Aug. 1908 --

June
Exchequer Bills £l,OOO, 3& 31 per Cent. 1 5.
Do ' March.
£5OO
6• • •
Do £lOO and £2OO
8 di
Bank England Stk, 51 per Cl.
Do Account.. —
Immix GOVERNMENT SECURITIES.
India Stock, 101 per Cent., April 1874 214 12
Do Account —
Do 5 per Cent. July, 1870
Do Account —
Do 4 per Cent., Oct. 1888
Do Certificates ..
Do Enfaced Paper, 4 per Cent ..
..
Do 5 per Cent., Jan. 1872
Do 51 per Cent., May, 1879 —
Do 4 per Cent., Aug. 1866
Do tiondsZl,ooo
Do under £l,OOO —
FOREIGN FUNDS—ONE O'CLOCK.
Austrian Bonds, 5 per Cent ..
Do 1859 ........ —
Brazilian 5 per Cent ................... 101
Do 44 per Cent., 1852-58-60
Do 1863
Buenos Ayres 6 per Cent
1/o Account
Do 1 per Cent. (Deferred 3 per Cent.)., Clailian 6 per Cent
Colombian 6 per Cie
Cuba, 6 per Cent.
Do 5 E per Cent, 1864
quador New Consolidated, 1 per Cent —
Danish 3 per Cent., 1825
Egyptian 7 per Cent
.Do, Second Issue— 1022.............. Greek 5 per Cent., 1824-5, ex-Coupons.. Do Account ........................ 241 i
Do Coupons
Do Account....
~.. ...
Guatemala 5 per Cent. .. --
Do 1839 and 1859 —
Italian 5 per Cent.(Maremmana Railway)
Mexican 3 per Cent
Do Account
Do 6 per Cent, 1864 • —
Do French Scrip, Ex. 25f 20c.. — dis
Do 6 per Cent, Anglo-French .. .. Ditto Scrip, £23 paid
Moorish Imperial 5 per Cent New Granada
124
Do 2 per Cent.....
Peruvian 41 per Cent
—Do 3 per Cent. ( Uribarren) ... ... —Do 41 per Cent., 1862
Do Acc0unt..,.....
Portuguese 3...... --
per Cent., 1853
Do Account
Do 3 per Cent., 18b6, '7, '9, '6O, 62,'C.,
Do Account .. 471.
Russian 5 per Cent., 1822, £ St —
1, Do 41 per Cent., 1850 B6
Do 1860 B5
Do 3 per Cent 1859
Do 5 per Cent, 1862
Do Anglo-Dutch
Do Scrip, £3O paid
Sardinian S per Cent
Do Account
Spanish 3 per Cent
Do Amu*
Do New Deferred
Do Account
444
Do Passive
t, Do Account —
'''Pazish Cert. of Coup not funded
101
D 0 Account
Swedish, 4 per Cent ..
Do Scrip 160 pad
Turkish 6 per Cent.i ---- Pm 1854 —
Do Account 9li
1-)0 6 Per Cent. 1858 .
1)0 Account
D° £lOO Bonds
,Do
6 per Cent. 1862 —..uo Account
1)0 £lOO Bonds 7o.t 69k
Do 1863
heed,Venez _
Do Qua 4 per Cent.
uela 3 per etit. ..........
Do Account .. ..
..... .
Po 6 per C t . 1862. 'mi.....
en .1
Do Account .. ..
Do Scrip £3O 14:)aicl
Do li Per Cent
...........
Dividends 021 the above payable in London
Austrian, 6 por Cent.. Ex. 10 Florins -
Bel
Do Account.g
Cent., Ex. 25f. .....
....... ..
Dutch 24 per Cent. Ex. .12 Zlll%l
..
T 2 i
Do 4 per Cent. Certificates
Italian 5 per Cent., 1861,Ex:LIL•n•e•Z '6-4
Do Account.' ........ ..
French Rentes, 2 per Cent. ..... ..... : .... --
veruvian Dollar Bonds, 41 per. Ct..E;...i: ----
Piedinontese, 5 per Cent., Ex. 25f,...

Consols Money
Do Account..., . .................. . 90i
•

SALE OF THE LANDS OF ARNCOMEItIf.--We
understand that the fine estate of Arngontery situated in
the counties of Stirling and Perth, has been purchased pri.
N'atolY by Alessrs. Strang. Keyden. and Sons, Writers, for a
client, at the price of i11,00,—,M1114 Joirnal,

CITY, TWELVE O'CLOCK:
The Money Market is in a state of suspense,
owing to a prevalent idea that an advance is immia
nent in the minimum rate of discount.
A farther withdrawal of £40,000 in gold was
reported at the Bank on Saturday.
The Arabia has arrived from New York with
£l,OOO for England, and £8,768 for France.
The first report of the directors of the Oil Seed
Crushing Company has been issued prior to the
meeting of shareholders. It states that the Dover
Mills have been at full work since operations were
commenced, and the net profits realised have
amounted to about 10 per cent. A dividend is re-
commended at the rate of 8 per cent. per annum.
The accounts from the manufacturing districts
during the past week have generally been satisfac-
tory. At Manchester a moderate demand has been
experienced for yarns for exportation; cloths, how-
ever, have remained inactive. The woollen trade of
Leeds, Bradford, and Huddersfield has continued
seasonably active, while rather more animation has
been exhibited in the hosiery and lace departments
of Leicester and Nottingham. In the hardware dis-
tricts of Birmingham, Sheffield, and Wolverhamp-
ton, there has been no material change; business
generally, however, has been rather duller than
usual at this season of the year.
At Paris, this day, according to Mr. Beater's
telegram, the Three per Cent. Reales were 66f. 10c.