The Sun.
London, England, 1864-05-13 00:00:00

MONEY 111 ARKS
T

AND

COMMERCIAL INTELLIGENCE,

CITY, TWELVE O'CLOCK.
Lower rates now prevail in the general discount
market. The simultaneous appearance this morn-
ing of two favourable returns from the Banks of
England and France have produced a feeling of
satisfaction for the present and of hope for the
future. More money is also known to be in the
possession of the bankers and bill brokers, and as
there is less enquiry for accommodation, competi-
tion has caused the quotations to descend to 81
per cent. for first-class bills,
About £63,000 in gold was taken into the Bonk
yesterday.
The steamer La Plata has been announced from
the West Indies with £220,000.
The directors of the Bank of Wales (Limited)
have concluded arrangements for the transfer of the
old-established private banking business of Messrs.
Lock, Hular, and Co., of Pembroke and Tenby.
Mr. Joseph Canham, M.D., St. Lawrence, Rams-
gate (late Burgess, Canham, and Co., bankers), one
of the partners of the Ramsgate Bank, recently
merged into the South-Eastern Banking Company,
has joined the hoard of the latter establishment.
Mr William James Watson, of Messrs, haggard and Co., has joined the Board of the Scott Scottish and
Universal Finance Bank.
During the last few days there has been a mo-
derate amount of business transacted in the Foreign
and Colonial Produce Markets. Sugars have besn
in rather active request at full rates, while there
has been a better demand for coffee, superior de-
scriptions of colonial having realised enhanced
prices. In rice, fruit, and spices there has been
about an average business, while the tallow market
has continued very dull, and quotations have shown
less firmness.
The Bank of England return for the week to
Wednesday last shows some important changes.
The other securities have been increased through
the high rate for money charged in the open mar-
ket, but the bullion and reserve of notes have like-
wise received some large additions. Subjoined is
oar usual analysis :
Active Circulation .. 85
Decrease
.. 525 n0,958,,40
00
Bullion
12,705,257
Increase
•• Rest .• • • 251,007
Increase .. 3,264,820
•
Public Deposits 45,976.. • • 7,299,494
Increase .. . • 318 Other Deposits..
..
.. 12,90,362
1,160
..
622,257
Increase .. . •
Seven Day and other Bills
520
Decrease .. . 41,,4137
05
Government Securities • .. 10785
Decrease .. ,
287,000
,267
Other Securities•
.•2
Increise• . 1,356,943
Notes Unemployed .. .. 455,783
5,749,710
Increase • • • . • • 805,530
• •
The return issued by the Bank of France als
presents some important
and favourable changeso.
The bullion has received an addition of £940,000,
the Treasury balances of £268,400 ; the current
accounts of £1,790,000, the discounts of £1,690,000,
and the notes in circulation of £300,000, A decrease
of £253,300 is shown in the advance on stock.

Two O'.
At Paris this morning, according toCLOCK Renter's
telegram, the Three per Cent. Rentes were 66f. 670,
—Firm.

The market for the English Funds presents a
very animated appearance. No fresh political con•
troversies arising, and the reassuring facts shown
in the Bank returns of England and France, have
produc©d a salutary effect. Consols are 3-16th
better than yesterday, the quotations being 9171 for
money, and 904 1, less the dividend, for the
account. The New Threes and Reduced Annuities
are 881 89 ; the 5 per Cents., 1873, 1071 ; March
Exchequer Bills, 10s. dis. ; and June do. 4s. dis.;
and India 5 per Cents. 105; Bank Stock is 237,
239, and 217, 2181.
The Foreign Market opened with a very flat ap-
pearance, but more business has since been per.
ceptible. Turkish 6 per Cents., 1862, are 701 71.1
do, Consolides, 471 d ex div.; Greek, 221 d ; Mexi-
can, 444 a; do. New Loan, t 4 dis. ; Spanish Pas-
E]ive, 3411; Portuguese, 4711 48i ; Russian Scrip,
1, prem.; Swedish, 11 prem.; and the Con-
federate Loan, 64 66.
In the Railway Share Market the operations
have not been very extensive, the dealers and
speculators being chiefly engaged with the settle.
rant. Prices, however, show rather more firmness.
Lancashire and Yorkshire and North Western have
each improved ss. ; Caledonian and Great West-
ern 10a., and North Stafford £l, while Great North-
ern A Stock has advanced 55., and Manchester,
Slieffleld, and London, 10.
The Foreign and Colonial undertakings show
rattle variation of importance.
Bank and Miscellaneous Shares generally are at
steady prices, with the exception of Bank of Lon-
d°b, which have declined to 175, and Oriental
Bank to 65:1. International Financial are steady
at lit, and Royal Mail Steam at 84 5.
14t3 following are the current quotations of some
"` the principal new projects :—Scottish Universal