The Sun.
London, England, 1864-11-04 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE,

CITY, TWELVE O'CLOCK.
In monetary circles to-day a very beneficial influence
has been produced by the Returns issued from the Banks
of England and France. There are few people now con-
versant with financial business who do not expect an early
reduction in the official minimum. The Bank of France
have already taken the initiative and lowered their quota•
tion to 7 per cent,, and the disproportion of that rate to the
one current on this side will preclude the possibility of gold
being eent from here to Paris. So far monetary relations
are highly satisfectcry ; and as thn Bask of England has
lately increased its reserve to a rather considerable extent
there appears every probability that ~he authorities will be
compelled b,fore long to grant a substantial discount con-
cession to the commercial community. This idea being
very prevalent the public are holding over their bills, and
notwithstand ng that today is the 4th of the month, when
a large number of bills arrive at maturity, the demand for
accommodation has been moderate. The lowest rate for
three-months' paper is 81 per cent.
The return issued by the Bank of England furnishes
satisfactory evidence of the improvement which that esta.
blishment has undergone during the past week. Annexed
are the particulars :

Active Circulation .. .. .. £21,043,820
Increase .. .. • • .. 84,915
Bullion .. .. .. 13 313 441
i. Increase .. .. • • • • 3 271 791
• * ••
'167,432
Rest
.. .. • •
**
**
',
.. Decrease .. • • • • • • 2,105
3,377,941
.1- ulDeposits .. .. . •
Increase
.. .. • • • • 64,392
Rall 4991
Other Deposits., . . . . . . 141),,a,..a.05e
Decass .. .. .. • • 49,349
Seven Day and other Bills .. .. 552,480
,542
Decrease ..
.. .. • • ,14 360
Government Securities .. ..
9 384,
Decrease 25,919 .. .. .. Otter Securities .. .. .. 19,699,477
,310
Decrease ..
.. 020
.. .. .. 68
6,177,
Notes Unemployed
..
Increase .. . ..• • 80,060
..
The Bank of France return is also of a favourable cha-
racter. The bullion shows an increase of £53,400, and
the current accounts of £1,272,000. The discounts, how■
ever, have been augmented by £1,106,700, and the notes in
Trcati°ll4 £352,000. A decrease has taken place in the
aury balances representing £640,000.
A. further aura of £57,000 in gold was taken into the
Bank yesterday.
The Delta, which left to-day for Calcutta and China,
carried £93,619.
Thu itiPou has arrived from Alexandria with £1,896.

The course of Two O'CLOCK,
as
h
been so quotations in English Stocks
Rolla ~nleWhat checked by the reported failures in
have nut The favourable Bank returns, however,
The
an influence, and the Funds are sups
ported at
steady
prices. Consols for money are
89i I. and for the account 891 t. The New Threes
and Reduced
Cents. Annuities are 87* I ; India 5 per
, i OA, i
s''.4- 106; Eufaced 5 per Cents., 100; ditto
64 Per
Cents., 108; and the Bonds, par to 3s. dis.
The Foreign Market opened with a steady ap.
pearance; a decided decline afterwards occurred, but
It relapse has since taken place. Turkish 6 per
.11
,Ctents., 1862, are 721 ; do. Consolides, 501 51 ;
lexican, 27i i Cdo. New, 251 I; Greek, 221 1 ;
Vanish Passive, 30,1 1; do. Certificates, 13a i ;
and the Confederate Loan, 60 62.
In the Railway Share Market there has been a
fi'aler tone. Great Western and South Eastern
have each advanced 10s.; North Western and Mid-
land 15s; and Caledonian, Great Eastern, and
Metropolitan il.
The Foreign and Colonial undertakings remain
inactive, without any material change in prices. Bank and Miscellaneous Shares are also, in some
rates. London and County
realise 75 ; Alliance
instances, at enohanced B
Bank, 381-394 ; Imperial
Ottoman, 151 16i; Union
an
of London, 55i; Hudson
Illy Company, 174,