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

MONEY MARKET

AND

COMBURCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.
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 hankers and bill brokers to negotiate
se eurities, unless at enhanced quotations. The pos-
sibility 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
small 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 £590,000.
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'CLocK.

At Paris this morning, according to Reuter's
telegrams, the Three per Cent.Rentea were 66f. 65c.
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 s per cent., Consols being 91-,Z-,
for money, and 918 for the 4th proximo. The
New Threes are 89Z 8 ; the Reduced, 89-1 e ; India
per Cents., 1058 ; and Exchequer Bills, 108, to
Os. 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 711 72 ;
do., C3nsolides, to 52-7, Z-; Mexican, to 461 47 ;
Greek, to 241 ; Spanish Passive, to 341 4 ; do.
Certificates, to 129 ; Portuguese are 49 1 ; 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 1; Brighton, 4 ; North
Western, Metropolitan, Midland, and North
astern, York, 1; and Great Northern A Stock, 11.
The Foreign and Colonial lines remain without
change of importance.
Bank and Miscellaneous Shares are dull, and in
Most instances a downward movement has taken
Place. Alliance have receded to 57 8; Imperial
Ottom-in to 201 ; London and Brazilian to 631;
Imperial Bank to 401 ; Hudson Bay Company to
19!-) ; and Mercantile Credit to 15,1.
The following are the current quotations of some
of the principal new undertakings : —lmperial Bank
of Chinn, 31 4 prem.; City Offices, 21 1 prem.;
Millwall Iron Works, 21 3 prem.; Credit Mobilier,
61 6 prem.; Credit Foncier, 71 8 prem.; Thames
Iron Works, 41 prem. ; Imperial Financial, 41 5
prem. ; City of London Real Property, 11; Oriental
and General Marine Insurance, 21 f, prem.; Inter-
national Land Credit, 21 prem.; Lemberg Railway,
a prem. ; Telegraph Construction, 2 1 prem.;
babloniere Hotel, 21 prem.; North Australian, s 1
prem.; and Port Augusta Company, 4 1 prem.

BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT FUNDS.
3 per Cent. Consols
Ditto Account, May 5 9l:
3Per Cent. Reduced
New 3 per Cent B9a a
New 21 per Cent. Jan. 1891 731
Annuities, 30 yrs, expire 6th Jan., 1880 —
Ditto for 30 yrs, expire sth April, 1885 —
, Ditto (Red Sea Telegraph), Aug. 1908.
4xchequer Bills, £l,OOO, 21 & 3 per Cent 5 10
Ditto £5OO
Ditto £lOO and £2OO
Bank England Stk, 41 per Ct
Ditto Account
INDIiN GOVERNMENT SECURITIES.
India Stock, 10 L per Cent., April 1874 ••••••
2
Ditto 5 per Cent. July, 1870
Ditto Account......
Ditto 4 per Cent, 1883 —
Do Certificates
Ditto 4 per Cent., Oct. 1888 —
Ditto Enfaced Paper, 4 per Cent ..
Ditto 5 per Cent., Jan. 1872. lO4
Ditto 61 per Cent.' May, 1879 —
Ditto Debentures, 4 per Ct., April 1864
Ditto ditto Aug., 1866 ---
atto bonds 13,000 _die
Ditto under £1,000
FOREIGN FUNDS—CLOSING PRICES.
Austrian Bonds, 6 per Cent
Ditto 1859
Brazilian 5 per Cent
Ditto 41 per Cent., 1852-58-60
13 Ditto 1863
ilen°
Dittos Ayres 6 per Cent .......... ,
illoo Bonds ..................
0 hili an 6 per Cent .....................
Ditto 41 pet Cent ...................
Colombian 841
olonabian 6 per Cent .................
t6rtlador New Consolidated, 1 per Cent.. 14
Yptian 7 per Cent ............... ... 101
101 1001
Ditto, Second Issue ................
'reek 5 per Cent., 1824-5, ex-Coupons.. ,
0
Ditto Account ...................... 241
Ditto C0up0n5......................—
Ditto Account
Italian 5 per Cent.(Mareinmana Railway) 751
blexican 3 per Cent
Ditto Account 47A 7 1 61
itdoorish Imperial 5 per Cent
Ziow Granada —
'Ditto 2 per Cent. —
Ditto Deterred
Ditto Land Warrants (Hectares) —
Peruvian 41 per Cent
Ditto Account...
Ditto 3 per Cent. (Erribarren) —
Ditto 41 per Cent., 1862 ..
Ditto Account —
Portuguese 3 per Cent.,:1853
Ditto Account 491
Ditto 3 per Cent., 1856, '7, '9, '6O, 62,'3
Ditto Account
Ditto Scrip (1863) £3O paid .. Pm
Xtussian 5 per Cent., 1822, £ St —
Ditto 41 per Cent., 1850 88!
Ditto 3 per Cent 1859 ..
Ditto 5 per Cent, 1862 ...... —
Sardinian 5 per Cent.......... —
Ditto Account ........ .
l'ilzianish 3 per Cent
_—
Ditto Account ................ —
Ditto New Deferred
Ditto Account .................
Dltt
° Passive
I
. , .
Ditto Account
'Vanish Cert. of Coup not funded
.. Ditto Account l2i 13
;,wedish, 4 per Cent.
Turkish 6 per Cent. 1854 -
Ditto Account
Ditto 6 per Cent. 1858
Ditto
Account
"Jitto £lOO Bonds. 7oi 3
1)44) 6 per Cent. 1862
'DittoAccount .. 71i 2 1/
~ Ditto 1863
Ditto Guaranteed, 4 per Cent.
'etlezuela 3 per Cent.
bitto Account —
i);,)
ib!" 6 per Cent., 1862
itto Account 69 81
Ditto 1} per Cent
Dividends on the above payable in Loud .0
Austrian,2l4!i. 5 per Cent., Es. 10 Florins.
13 g`an 41 per Cent., Ex. 25f —
teitto 4 13. 24 per Cent., Ex. 12 Gu11.... 4 —
per Cent. Certificates
li
xtaunto Account —
Dia,l', 5 per Gent., 1861, Es. 25 francs .—
"0 Account
kiGrinaont,eße 5 per Cent., Ex. 25f
I.liviart Dollar Bonds, 41 per Ct. Ex. 4s.

TWO O'CLOCK.
Console Money
.... 91a f