The Sun.
London, England, 1864-05-26 00:00:00

MONEY MARKET

AND
COMMXECIAL INTELLIGENCE,

----......,<,,-.*-.......

CITY, TWELVE O'CLOCK.

REDUCTION IN THE BANK OF ENGLAND
RATE OF DISCOUNT.

The Governors of the Bank of England have this
morning at their usual weekly court announced a
further reduction of 1 per cent. in their rate of dis-
count. Tne official quotation now stands at 7 per
cent., and as the alteration had been previously
expected, it has excited neither surprise nor influ-
ence upon the condition of the respective markets.
Most parties imagined that the measure would be
adopted because they had foreseen from the con-
tinued intromission of gold into the Bank and the
low rates—as much as 1 per cent. under the minimum
of the authorities, which prevailed out of doors that
few borrowers could have resorted to the national
establishment, and therefore that its discount busi-
ness must have been materially reduced. Very
little change has therefore been made by the brokers
in their charge for first-class paper, which is now
negotiable at 6f, per cent.

At a meeting of the European Assurance So-
ciety, held May 24, Mr. H. Wickham Wickham,
M.P., in the chair, the report to the directors was
unanimously adopted. The new life and guarantee
premiums amounted to £26,896. The total pre-
miums receiv,d during the year amounted to
£153,586. The following is an extract from the
directors' report :—" In accordance with the provi-
sions of the society's special act of Parliament,
the commissioners of her Majesty's Treasury ap•
pointed an inspector, who examined the books and
accounts, and investigated the securities held by
the society, and your directors feel much pleasure
in being able to state that since he made his re-
port to the Treasury a very large increase has taken
place in the guarantee of Government, officials,"

About £114,000 in go:d was taken into the Bank
yesterday.

Two O'CLOCK.

At Paris this morning, according to Reuter's
telegram, the Three per Cent. Rentes were 66f. 80c.
The money market has become easier since the
reduction has been generally known, and the rates
have descended to 60 I per cent.
The principal public and private discount estab-
lishments, including Messrs, Alexander and Co.,
Messrs. Overend, Gurney, and Co., will con-
tinue to allow 5 per cent. for money at call, but
have altered their terms for 7 and 14 day's notice
of withdrawal to 51 and 6 per cent. respectively.
A decline of I per cent. has taken place this
morning in the English Funds. The alteration in
the rate of discount has had no effect upon prices,
the change having been previously counted upon,
and the downward movement shows the sensitive-
ness of the markets, occasioned perhaps by the still
doubtful prospect of political affairs. Consols for
money are 910 I, and for the account, less the
dividend, 90S 1, The New Threes and Reduced
Annuities are 893 ; India 5 per Cents., 1054 ;
and the Bonds, 235. dis. Bank Stock is 237,
In the Foreign Market there is very little dimi-
nution, and prices are generally buoyant. Turkish
6 per Cents., 1862, are 714 ; ditto Consolid 6s, 48S e ;
Mexican, 441 451 ; ditto New Loan, 4 Q prem.;
Greek, 241; Spanish Passive, 344 « ; Portuguese,
481 49; Venezuelan Loan, 4/ 1 dis.; Russian do,,
3 3Q prem.; Swedish do., 21 31 prem; and the
Confederate Loan, 62 63.

In the Railway Share Market the operations
have been very restricted, but prices have in some
instances shown more firmness. South Eastern
have improved 55., and North.Wastern and Mid-
land 10s.

The Foreign and Colonial lines remain without
alteration in values.

Bank and Miscellaneous Shares continue in
limited favour at about former rates. Imperial
Bank of China nre quoted I 1, prem., and Millwall
Iron Works, i I prem.

BRITISH FUNDS—ONE O'CLOCK.
GOVERNMENT FUNDS.
3 per Cent. Consols
Ditto Account, May 8
per Cent. Reduced
New 3 per Cent
New 21 per Cent. Jan. 1894....
Ditto 5 per Cent., Jan. 1873
Annuities, 30 yrs, expire 4th Jan., 1880 —
Ditto for 30 yrs, expire sth April, 1885 —
Ditto (Red Sea Telegraph), Aug. 1908. --

March. June.

Exchequer Bills, £l,OOO, & 3 per Cent.
Ditto £5OO ..
Ditto £lOO and £2OO
Bank England Stk, 51 per Ct.
Ditto Account..
INDIiN GOVERNMENT SECURITIES.
India Stock, 10i per Cent., April 1874 —
Ditto 5 per Cent. July, 1870
Ditto Account
Ditto 4 per Cent., Oct. 1888..
Do '.:ertificates
Ditto Enfaced Paper, 4 per Cent ..
Ditto 5 per Cent., Jan. 1872 ..
Ditto 6i per Cent., May, 1879
Ditto Debentures, 4 per Ct., April 1864
Ditto ditto Aug., 1666
Ditto Bonds Sl,OOO — dis
Ditto under £1,000

FOREIGN FUNDS—ONE O'CLOCK.
Austrian Bonds, 5 per Cent ..
Ditto 1859 —
Brazilian 5 per Cent
Ditto 41 per Cent., 1852-58-60
Ditto 1863 _
Buenos Ayres 6 per Cent _
Ditto Account —
Chilien 6 per Cent. —
Ditto 4k pei Cent.
Colombian 6 per Cleat
Cuba, 6 per Cent. —
Danish a per Cent., 1825
Ditto 5 per Cent, 1864
Equador New Consolidated, 1 per Cent —
Egyptian 7 per Cent lOll
Ditto, Second Issue
Greek 5 per Cent., 1824-5, ex-Coupons —
Ditto Account
Ditto Coupons —
Ditto Account ll
Guatemala 5 per Cent.
Ditto, 1839 and 1859 —
Italian 6 per Cent.(Maremmana Railway)
Mexican 3 per Cent
Ditto Account
Ditto Scrip £l3 paid 1 m
Moorish Imperial 6 per Cent
New Granada —
Ditto 2 per Cent.
Ditto Deferred
Ditto Land Warrants (Hectares) —
Peruvian 4/ per Cent ..
Ditto Account....
Ditto 3 per Cent. (Uribarren)
Ditto 41 per Cent., 1862
Ditto Account --.•
Portuguese 3 per Cent., 1853
Ditto Account • •
Ditto 3 per Cent., 1866, '7, '9, '6O, 62,'3 49 8;
Ditto Accoun•
Russian 5 per Cent., 1822, £ St —
Ditto 4i per Cent., 1850 B5l 41
Ditto 3 per Cent 1859
Ditto 6 per Cent, 1862 B7/
Ditto 1864 Scrip, 410 paid
p
Ditto Anglo-Dutch ....
Sardinian 6 per Cent....,,....
Ditto Acc0unt........ .
Spanish 3 per Cent
_Ditto Account
Ditto New Deferred
Ditto Account ......................
Ditto PtiSSIVe
Ditto Account ................ 31 it
Spanish Cert. of Coup not funded ...... --
Ditto Account
Swedish, 4 per Cent
Turkish 6 per Cent. 1854 -
Ditto Account
Ditto 6 per Cent. 1858 .
Ditto Account
Ditto, £lOO Bonds —
Ditto 6 per Cent. 1862
Ditto Account .. 71 i
Ditto £lOO Bonds 7l 70; 1/
Ditto 1863 .. —..
Ditto Guaranteed, 4 per Cent
Venezuela 3 per Cent.
Ditto Account
Ditto 6 per Cent., 1862
Ditto Account
Ditto 6 per Cent, 1861
Ditto 11 per Cent
Dividends on the above payable in Lond n
Austrian, 5 per Cent.. Ex. 10 Florins. ---
Belgian 41 per Cent., Ex. 25f... —
Dutch 21 per Cent., Ex. 12 Gail
Ditto 4 per Cent. Certificates
Italian, 5 per Cent., 1861, Ex. 2,5 francs..
Ditto Account

Consols Money TWO O'CLOCX,
Ditto Account 9la
90# t x d

Liiierpool Cotton Market—This Day►,

Market firm. Sales, about 7,000 bales, Im
Ports, 13,761, Previously, 24,215,

BEARE MARKETS—This day.

ORDINARY SHARES AND STOtAS.

'are Railways.
I I Paid., done.
Cil,roisolen.g Business
'
ff
13614. Eißii3r_.t.hWe oal.ti, anud_nS,tr.V..),.
100
10
2 !
*lsloot CaledonianCornwallt3DtA,, ‘
t't Bristol and Exeter
10'` 1184 1194
—•• ,
50 Cork and Bandon el
20
Do. B
A gets no cliv all
fotill 6p c.p an:has all
been paid to B.
50 Dublin & Belfast June. all 35 37
25 Dun.,Perth,&Ab. June.; all 16 17
'ieat"andllid•Uo. all 64
~
St Edinburgh & Glasgow. 100 88 00
at Glasg. and S. Western. 100 101 106
at Great Eastern, Ord. stk 100 465 474 47 4
at Ditto A stock -
st Ditto East Anglian at 100 65 74
at GreatNorthof Scotland 100
St Great Northern ......
at Do A stook lOO 138 140
at Do Bdo
at Gt. S. an tW. of Irelan, 100 90 92
st Great Western
at Do Str Val gua. atoc; 100
at Lancashlze & Yorkshirc 100 111 1114 1111
st London and Blackwal{ 100 66 17 664
at Lon., Bright.,& S. Coast 100 , 103 105 1034
at Lon., Chat., and Dover 100 , 40 42
at Lon. & North Western 100 ' 1104 111 110/ 111
at Lon. & Sw.th Western 100 974 985 98 72 .
at Man., Shef., & Lincoln. 100 54 344
50 Maryport and Carlisle. all
124 Do 5 shares . all
at Metropolitan all I'4 115 114;
st Midland
st Do Birming. & Derby 100 102 IC4 P
50 Mid. Gt. W. of Irelane all
25 Do. 5 shares
26 Mid Kent .. . all
10 Do Cray Line
at North British
st Edin., Perth, & Dundee 100 244 251
at Nth. Eastern—Berwic, 100 1016 102
25 Do, G.N.E. purchats( 16.13.4 —,.
at Do Leeds lOO 575 684
at. Do York
at Do Carlisle lOO
at North London
10 Do New
9.16.4 North Staffordshire
10 N. and S. IV. Junction. all 101 114
at Scottish Central
at Scot N. E., Aber. stook 100 39 40 36}
at Do Soot. Mid. stook_ 100
10 Shrews. and Welchpoo all
at Shropshire Union
at south Devon ..... lOO 33 25
at South Eastern
at South Wales
at S. York. and River Dun 100 103 106
20 6tainee,Wok.,andWok all 75 84
85 Stockton & Darlington all 361 374
26 Do l7 94 10 ,
L 5 Do New, 1856 lO 8 84
at Taff Vale.. .....
10 Do D 8 6 7 •
10 Do C 3 3 4 1,
50 Ulster
25 Do
12.10 Do 55
at Vale of Neath
at Victoria sta. and Pim lOO
at Waterford & Kilkenny 100
at West Cornwall lOO 21 23
at W. Ilartlepool Har.&R lOO
at West Midland Oxford' 100
at Do Newport! 100
at Do Hereford! 100

BRITISH POSSESSIONS.
Closing
-hare Hallways Paid. Price. Rosiness done
100 _Mantic &St Lawrenc( all 60 62
sk Bom.,Baroda&.Cent Inc 100 103 104 1031
Gu. 5 per cent..
20 Do. New . ...... 8
20 Do. E. Shares 7/ id p
401 Buffalo and Larse Huron all .4 6/
10 Do. Preference all 81 9/
co Buffalo,Brant&Godricl• 10' 77 82
6 p. ot. bds. Aug. 1, 187:
030 Do. do. July 1, 187. lOu 77 8!
100 tro. ch. • June 1, 18:-; 100 77 82
at Clcutta.&S. Eastn. (LI .. 100 101 1( 3
at Cape Town Dock Seri; 190 98 100
stool: Eaetn. Bengal gu. 6 p 100 105 107
stook East Indian. gu. sp. c 100 1041 1051 1011
20 Do. do. G Ext 15 4 I P
20 Do. do. H do. l5 P
stock Grand Trunk of Canada tuu 20 21
100 Do. Ist Pref. Bonds all 72 04
100 Do. do. deferred all 61 63
100 Do. 2d Pref. Bonds all 63 65 66
100 -Do. do. deferred....., all 53 55
100 Do. 3d P. of. stock all 48 50 491
100 Do. do. deferred all 40 12
100 Do. 4th l'ref. sto,:k all 27 30 29 81
100 Do. do. deferred...— all 25 e 7 271
stook GtlndiaPenin.gua.sp.c 100 104 105 .014
20 Do. New gua. sp. 12 4 1
Do. January, 1832
stook Gt. South.of India(Lim
guaranteed 5 per cent 100 1021 1031
201 Gt. W. of Canada Shares all 10 101
201 Do. New 18 101 101,
100 Do. 6 p.o. '73 with't opt all 90 92
100 Do. 51 p. c. do. '77-8 all 82 84
10 Indian Branch Limited 2 par /p
stock Madras guar., sp. o. lOO 102 103 103 24
stook Do. 44 p. o. Extension 100 96 93 98
stook Dc.lis do 100 92 94
20 Do. Fifth Extension 2 --
stock Melb.Corp. sp. 0. Buds 100
50 Mello. & Ilobson's Bay all 57 89
100 Do. 7p. c. &long. Bds all
20 Newl3runswick et Candor
Clans A. and B all 3 5
N. Itl.C'dali pc Ist pt bds 100 82 74
stock .cinde (100 1021 1031 1021
Stock Do. Delhi ld +, 100 101 103
20 Do. d 0..... 2 1p
at Do. Punjaub. cz. 1 all tot 103
Do. Do. -
stock Do. Indus. St. Flo ) klO6 96 98 , 90i
COLONIAL GOVERNMENT SECURITIES.
.0.,.u0v. p.c.J a &..1 at)
1877-81 .............. 1, 0 103 105
Do. p. c. Feb. & All 2. 100 162 'O4
D 0.6 p. c.Mar.& Sept. 100 102 104
; Do. Ep. c. Jan.&July. 101' 90 92
Do. 5 Inscribed stock 100 89 91
'Cape GA:lope, s 3 p c,187:, 100 106 108
Do. Ape.; Oct.. 1880 100 107 109
Do. 1891' 100 1(8 110
-
;Do. Jan. & July, 1891.. 100 110 112
'Ceylon, N0v.1878, 6p ( 100 102 104
iMauritius 6 per cent .. 100 196 108
'Natal Gov. 6 per cent. 130 106 108
--6 p.c. J a.&Jul) 100, 101 103
Li°. 6p. c.Ap. & Oct. 100
N. S. W. G ov. 5 p 100 99 100
DO. sp. c.,18/1 to l-,. i 100 99 101
Do. d0.,1888 Scupwdi 100 99 101 103
New Zealand 6 p cent. 100 10) 111
Nova Scotia Gov. 6p. c.
sterling, 1875. lOO 103 105
Queensland GCv. 6p. c. 100
S. Aus G6p.c.1878.& up.. 100 109 111
Vio.Gov. 6 p.o. Ja.&July 100
Do. io 6 c.o. An.izOnt, 100 103 109 108/

BRITISH MINES.
2 Cambrian Consol. Gold 1 id
Clßilord Amalgamated 32 34
Devon G. Con, (Taoist ) 1 560 670
East Bassett(lllogan)., 30 67 70
East Clogau Gold Ltd.
East Caradon ...... ':.14.6 295 305
East Carn Brea.... . . 3.4.0 61 61
E. W'i Russel (Tavistk.) 8,13.0 35 4
Gam..izSt.Aubyn(Gwen 584 7 9
Great South Tolgus 17s 25 3
IG. Wheal Vor (Ileiston 40 33 35 335
Grenville 0.16., 91 91
ilemd's-Foot 8.12 88 40
11 ingston Downs 4.,8.0 35 4
Lady Bertha
Margaret Way Lelant 9l 15 17
Marke Valley..
4 Nlyndy Iron Oro (Lim ' 21 15 d
New Setun le 85 •90
—• North Downs 2l 11 11
N.Wli'l Basset(lllo4-an 3.1.0 15 2
North Wheal Crotty
ear Consols (st. Blaze),
20 rrovidence(Uny Leint.; 10.0.7 40 42
South Caradon(St.Cleer 15 450 570
S. Care; Brea (Illogan)
• zi.Wheal loran. (Illogan 18.18.9 40 50 40
Stray Park
- ramar Silv.Bt Lead Min.
- Lin Crort , 9 18 19
• West Basset (Moan), 14 9 10
W C., radon (Liskeard). 5 16 18
West Seton
Wheat Basset (Illogan) 55 90 95
Wheal Buller(itedruth), 10 30 35
Wheal Kitty (U.Lelant) 2.0.6
WhealLtad,ott
Wheal MaryAnn'l.len ) S 12 14
Wheal cleton 585 220 230
Wheal Trelawney (Lis ) 7 20 21
- Wheal Union 3.17 15 2

PREFERENCE SHARES.
Bristol and Exeter 4 per cent, stock, 924
Great Western, Birmingham gua. stock, 74
Midland 4i per cent. pt. stk. rd., 1014 24
Midland, Leicester and llitchin 4 per ct., 92

LINES LEASED K 2 FIXED RENTALS.

East Limoln, gua. 6 per cent.. 1341
FOREIGN RAILWAYS:
♦ntwerp and Rotterdam, 9}
Dania and San Francisco (lim.) gua. 7 per cent., 171
South Austrian and Lombardo Venetian, 191

FOREIGN MINES,
Mont. Aureos Brazil Gold Min. Co., 21
Yudananiutana of S. Australia, lint., 3 h
BANKS.

Alliance (tim.), 63 2}
Anglo Austrian, 7i
111
BankAngl 001 t
Ba lriiatni
Bank of tap, 51
Bank of Egypth,li2m(33°ltieumd, I)6lkai
13,,nk of Wales, lira., 18i
Consolidated Bank, Um., 11/ f
Continental, lira., 18} 121
European Bank, lira.,
i
Hindustan, tAnna, and Japan
pm., 1i
Pan(llm4).
Ditto, new, issued
Imperial Ottoman, 21i
LLoannadotloßrt,griakgoetß„ainexkiofo lannddias, lira.,
America,6 lira., 61
S.
London Bank of Scotland, lira., 22
London and Brazilian aim), 58,
London and Colonial (lim.), 10 t
London, Hamburg, Cont. Exchange, 1im.,191 20
London Joint Stock, 48 7i
London and South-Western, 24
London and %% estminsta-, 91} 4
Merchant Bank, Bin , 22}
Mercantile and Exchange. Bin., 19
Scinde, Punjab, and Deihl, lira., 131
South Eastern, 1im.,.56
Standard of British South Africa (lira,), 314

DOCKS.