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

COMMERCIAL 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,
terclay 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-
sibility of au 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
ill 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'Ctoca.

At Paris this morning, according to Renter's
telegrams, the Three per Cent. Rentes were 66f. 65c.
Flat.

The advance in the rate of discount created addi-
tional heaviness in the market for the English
'unds, and some sales on speculative account have
caused a decline of k per cent., Consols being 911
for money, money, and 91f f for the 4th proximo. The
New Threes are 891 f ; the Reduced, 891 I; India
5 per Cents., 1051; and Exchequer Bills, 10s. to
58. 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., Cansolides, to 62,1 ; Mexican, to 461 47 ;
,Greek, to 241 1 ; Spanish Passive, to 341 1; do.
Certificates, to 121 8 ; 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 ; Brighton, f. ; North
Western, Metropolitan, Midland, and North
Xastern, 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
Most instances a downward movement has taken
Place. Alliance have receded to 57 8 ; Imperial
Ottoman to 20: ; London and Brazilian to 632;
Imperial Bank to 40/ ; Hudson Bay Company to
194 ; and Mercantile Credit to 15,1.
The following are the current quotations of come
of the principal new undertakings : —lmperial Bank
of China, 31 4 prem. ; City Offices, 21 1 prem. ;
I\lillwall Iron Works, 21 3 prem.; Credit Mobilier,
6/ 6 prem. ; Credit Foncier, 74 8 prem. ; Thames
Iron Works, 44 prem. ; Imperial Financial, 41 5
Prem. ; City of London Real Property, 11 ; Oriental
and General Marine Insurance, 24 a prem.; Inter-
national Land Credit, 24 prem.; Lemberg Railway,
-a prem. ; Telegraph Construction, 2 4 prem. ;
Sabloniere Hotel, 21 4 prem.; North Australian, 1 1
prem.; and Port Augusta Company, .1 prem.

BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT FUNDS.
3 per Cent. Consols
Ditto Account, May 5
3 per Cent. Reduced
New 3 per Cent B9
„,1 /
New 2 per Cent. Jan. 189 i 73i
At,inuities, 30 yrs, expire nth Jan., 1880 —
.t.)itto for 30 yrs, expire sth April, 1885 —
.... Ditto (Red Sea Telegraph), Aug. 1908.
4xchequer Bills, £l,OOO, 21 & 3 per Cent. 5 10
Ditto £500
Ditto £lOO and £2OO
zank England Stk, 4:i per Ct.
Ditto Account

IlileI&N 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, per Ct., April 1864
Ditto ditto Aug., 1866 —die
Ditto Bonds £l,OOO •
Ditto under £l,OOO .... —dis
FOREIGN FUNDS—CLOSING- PRICES.
Austrian Bonds, 5 per Cent —
Ditto 1859 —
Drazilian 5 per Cent —
Ditto 4/ per Cent., 1852-58-60
Ditto 1863 6817$
sduetos Ayres 6 per Cent
Ditto, £lOO Bonds ........
uhilian 6 per Cent . . ...................
Ditto 41 pci Cent
Colombian 6 per Cent —
fcluador New Consolidated, 1 per Cent l4
14gYptian 7 per Cent lOl
Ditto, Second Issue
Qreelt 5 per Cent 9 1824-5, ex-Coupons..
Ditto Account
Ditto Coupons
Ditto Account —
Italian 5 per Cent.(Maremmana Railway) 75/
Mexican 3 per Cent
Ditto Account
Moorish Imperial 5 per Cent
isrew Granada —
Ditto 2 per Cent.
Ditto Deferred
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
Itussian 5 per Cent., 1822, L St —
Ditto 41 per Cent., 1850 .. 88!
Ditto 3 per Cent 1859
Ditto 5 per Cent, 1862
Sardinian 5 per Cent .........•
Ditto Acc0unt.....................
Spanish
865
°Vanish 3 per Cent
IL
-Ditto Account ................
:Ditto New Deferred
Ditto Account
Ditto Passive ......
Ditto Account 3si 41
Spanish Cert. of Coup not funded
Ditto Account
Swedish, 4 per Cent
tarkish6 per Cent. 1854
Ditto Account -
Ditto 6 per Cent. 1858
11itto Account —
Ditto £lOO Bonds..
Ditto 6 per Cent. 1862
Ditto Account .. 711 2 14
.._. ___

Ditto 1863
Ditto Guaranteed, 4 per Cent
'enezuela 3 per Cent.
Ditto Account
Ditto 6 per Cent., 1862
Ditto Account
Ditto 11 per Cent
Dividends on the above payable in Lend ,u
ftnstrian, 5 per Cent.. Ex. 10 Florins.
belgian 4t per Cent., Ex. 25f a
4 per Cent., Ex. 12 Gull —
D'.--
tto 4 per Cent. Certificates
Ditto Account
Italian, 5 per Cent 1861, Ex. 25 francs --
.9
,Pitto Account
rbledmonteso, 5 per Cent., Ex. 25f
c entvian Dollar Bonds, 41 per Ct. Ex. 4s.

TWO O'CLOCK,
Congols Money
-Ditto Account 9la