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

MONEY MARKET

AND
COMMERCIAL 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-
001111t. The official quotation now stands at 7 per
c(lnt., 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 inngined that the measure would be
ad opted because they had foreseen from the con--
tin ued intromission of gold into the Bank and the
lot orates—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
us gotiable at 64 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 received 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 goad was taken into the Bank
yesterday,

Two O'CLOCK.

At Paris this morning, according to Renter'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 6a per cent.
The principal public and private discount estab-
lishments, including Messrs. Alexander and Co.,
Messrs. Overead, Gurney, and Co., &c., will con-
tinue to allow 5 per cent. for money at call, huh
have altered their terms for 7 and 14 day's notice
of withdrawal to sa. 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 ❑ad 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 94. t, and for the account, less the
dividend, 9O f. The New Threes and Reduced
Annuities are 894 ; India 6 per Cents., 1051 4 ;
and the Bonds, 23i. die. B Auk Stock is 237.

In the Foreign Market there is very little dimi-
nution, and prices ere generally buoyant. Turkish
6 per Cents., 1862, are 711 ; ditto Consolid6s, 481 I ;
Mexican, 44i 458 ; ditto New Loan, 4 I prem.;
Greek, 241; Spanish Passive, 34i ; Portuguese,
481 49 ; Venezuelan Loan, 41 I dis. ; Russian do.,
3 38 prem.; Swedish do., 21 38 prom; 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 E%stern
have improved 55., and North-Western 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 are quoted prem., and Millwall
Lon Works, J prem.

BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT FUNDS.
3 For Cent. Consols
Ditto Aceoumt, 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 6th Jan., 1880 —
Ditto for 30 yrs, expire sth April, 1885 —
Ditto (Red Sea Telegraph), Aug. 1908 —
March. June.
Exchequer Bills, £l,OOO, 21 & 3 per Cent.
Ditto £5OO ..
Ditto £lOO and £2OO
Bank England Stk, 5} per Ct.
Ditto Account..
INDI&N GOVERNMENT SECITRITIES.
India Stock, 10i per Cent., April 1874 —
Ditto 5 per Cent. July, 1870
Ditto Account....
Ditto 4 per Cent., Oct, 1888
Do Certificates
Ditto Enlaced Paper, 4 per Cent ..
Ditto 5 per Cent., Jan. 1872 ..
Ditto 61 per Cent., May, 1879
Ditto Debentures, 4 per Ct., April 1861
Ditto ditto Aug., 1866
Ditt, Bonds £I,OOU dis
Ditto under £l,OOO 23

FOREIGN FUNDS—CLOSING PRICES.
Adetrian Bonds, 5 per Cent ..
Ditto 1859 —
Brazilian 5 per Cent
Ditto 4i per Cent.' 1852-58-60
Ditto 1863 B7i
Buenos Ayres 6 per Cent
Ditto Account
Chilian 6 per Cent. —
Ditto 4i psi Cent —
'Colombian 6 per Cent —
Cuba,s 6 per Cent.
JAknish 3 per Cent., 1825
Ditto 5 per Cent. 1864
.2quador New Consolidated, 1 per Cent —
BgYptian 7 per Cent lOll
Ditto, Second Issue
'Greek 5 per Cent., 1824-5, ex-Coupons -
Ditto Account 23i 4
Ditto Coupons
Ditto Account ll
ettlatemala 5 per Cent.
Ditto, 1839 and 1859
Italian 5 per Cent.(Maremmana Railway) --
Zelexican 3 per Cent
Ditto Account
Ditto Scrip £l3 paid i i pm
Moorish Imperial 6 per Cent
New Granada —
Ditto 2 per Cent. —
Ditto Deferred —
Ditto Land Warrants (Hectares) —
Perudan 4/ per Cent
Ditto Account....... • • , —
l)itto 3 per Cent. (Uribarren)
Ditto 4/ per Cent., 1862
Ditto Account -
Portuguese 3 per Cent., 1853
Ditto Account
Ditto 3 per Cent., 1856, '7, '9, '6O, 62,'3 49 ili 9
Ditto Account
Rn'Aaian 5 per Cent., 1822, £ St —
Ditto 4} per Cent., 1850 B5l 41
Ditto 3 per Cent 1859 .. 54
Ditto 5 per Cent, 1862
Ditto 1861 Scrip, £lO paid
Ditto Anglo-Dutch
per Cent _
Ditto Account
Spanish 3 per Cent
Ditto Account
Ditto New Deferred
Ditto Account
Ditto Passive
Ditto Account ... 34 1
!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
Ditto £lOO B pude .. 7l 70i 11
Ditto 1863
Ditto Guarar'ceed, 4 per Cent —
Venezuela 3 per Cent.
Ditto Account —
Ditto 6 per Cent., 1862
Ditto Account 56
Ditto 6 per Cent, 1864
Ditto Scrip, £l5 paid 4; 1 5 die
Ditto 11 per Cent
Dividends on the above payable in Loud .0
Austrian, 5 per Cent.. Ex. 10 Florins. --
Belgian 41 per Cont., Ex. 25f...
Dateh 21 per Cent., Ex. 12 Gull —
Ditto 4 per Cent. Certificates
Italian, 5 per Cent., 1861, Ex. 25 francs —
Ditto Account

Consols Money THREE O'CLOCK.
Ditto Account 9ls
. 901 x

Liverpool Cotton Market—This Day,

Market firm. Sales, about 7,000 bales, jar,
ports, 13,761, Previously, 24,215,