The Sun.
London, England, 1863-04-21 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.

Affairs in the general discount market remain
without the slightest alteration of importance.
The inquiry is restricted to immediate requirements,
and the rates continue to range as low as 31 per
cent for the best descriptions of mercantile paper.

During the last few days there has not been
much animation in the Foreign and Cilonial Pro-
duce markets. Prices, however, have generally
been well maintained, for all the principal staples,
such as tea, sugar, coffee, and rice. Tallow was
rather flatter for both present and future delivery,
being quoted 425. 901. per cwt. on the spot, and 455.
9d. for delivery on last three months.
An interesting little book, entitled " A Serious
Fall in the V iiue of Gold Ascertained, and its Social
Effects set forth," by Mr. W. Stanley Jevans, M.A.,
formerly of the Sydney Royal Mint, has just issued
from the press. The work treats of the deviations
in the value of gold, and the results of its deprecia-
tion consequent upon the large discoveries of the
precious metal in Australia and California. Mr.
Jevans believes that the fall in gold is near 15 per
cent,, although, fearing the credibility of his
readers in this respect, he places its lowest
estimate at 9 per cent. Many years, however, he
says, must pass before numerical estimates can be
properly stated to possess more than a slight degree
of probability. Is a remedy needful or possible ?
asks the author in chap. 5, and in considering this
question, he enquires how far is positive hardship
inflicted on annuitants and creditors by depecia-
tion ? A reduction of real income by 10, 15, or ulti-
mately by 30 per cent., would sorely press upon
the comforts of persons possessing from £5O to £l5O
a year, and reduce them in the social scale, unless
there were some compensating tendencies. But no
one, " I think," says Mr Jevans, " can look at the
real progress of affairs in this country, during the
period under consideration, without concluding that
an alteration of 10,15, or even 30 per cent. is almost
swallowed up and rendered inconsiderable among
the many improvements and ametiorations, and
the general increase of industry, profit-, and
general prosperity which is taking place.
The removal of legislative restric taons in
cheapening and advancing ail proces3es of manufac-
ture and kinds of food are regarded as having
effected the beneficial changes, so apparent during
the past 20 years. No person has suffered positive
loss of the necessaries and comforts of life by the
depreciation of his income, for while the expendi-
ture on the principal kinds of food has certainly been
greater than it was, there has been a correspond-
ing decrease of expenditure on clothes and in-
numerable other articles. Thus the author believes
that "it cannot be arse, ted or proved that positive
hardship, that is, loss of eomfortabie subsistence, is
Inflicted upon any person by the present or even a
greater depression of gold." The practical good
sense with which the book is written cannot fail to
render it interesting to the general public as well
ne the financier.

Two O'CLOCK.
At the Paris Bourse this day, accor ding to Mr.
Reuter's telegram, the 3 per Cent. Rentes wore
69f. 55c.—firm.

Rather more activity has prevailed to-day in the
market for the English Funds, and the tendency of
prices has been in the ascendant. A better feeling
has prevailed, and a few purchases having been
effected, Consols have improved to 931, for money
and account. The New Threes and Reduced An-
nuities steady at 911 1,-; the 30 Years' Annuities at
14 13-16ths ; and the Red Sea Telegraph ditto at
21 9.l6ths ; Bank Stock has improved, being naw
marked 234 236; and Exchequer Bills, which are
quoted 3s. prem., have also advanced ; Indian Stocks
generally remain firm ; the 5 per Cents. at 1091
110; the 5 per Cents. Enfaced Paper at 107;; and
the 51 ditto at 1154. The Debentures are a little
lower at 1001,; but the Bonds are well maintained
at 20s. prem.

A very good business has been negotiated today
in the Foreign Market, but several of the quotations
are rather lower. Greek have declined 288 if,
but the Coupons continued firm at 131 a. Turkish
6 per Cents., 1862, continue at 701 ; the New Loan
is quoted 11 prem.; but the Consolides are lower
at 47i 481; Italian Securities are also heavy, the
5 per Cents, being marked 701 ; and the New
Loan is 11 o prem.; Spanish Passive are buoyant at
30 4, and the Certificates at 101 1.
In the Railway Share Market the operations have
again been very limited, and prices have shewn
rather less firmness. Brightons and South Easterns
have receded 55., and London, Chatham, and
Dover 10s. Great Eisterns and Great Westerns,
however, have improved 58.
The Foreign and Colonial lines have, in one or
two instances, been rather fi-rner, Bahia and San
Francisco being dealt in at 211 a. Great Luxem-
bourg at 148 ; Sin Paulo at 231 ; Eastern Bengals
declined to 1084 ; E ist Indian advanced to 110 and
1101 ; Great Southern of India to 1071 ; and
Madras 5 per Cents. to 107*.
Joint Stock Bank and Miscellaneous Shares con-
tinue at steady rates. Chartered of India, Austra-
lia, and China have advanced to 261 27 ; Union of
Australia to 521; and Peninsular and Oriental
Steam to 771 78.

BRITISH FUNDS--CLO:-*ING PRICES.
Rank Stock '36 4 6
3 per Ceut. Reduced Annuities
91
3 per Cent. Consols Annuities
..
ew 3 per Cent. Annuities
New 21 per Cent. Annuities..
Annuities, 30 yrs, expire sth Jan., 1880 —
Ditto for 30 yrs, expire sth April, 1885. 14 13-16
Ditto (Red Sea Telegraph), Aug. 1908. 211 9-16 5
India Stock —
Ditto 5 per Cent
Ditto Enlaced Paper, 4 per Cent ..
Ditto 5 per Cent lO7/ 81
1/ tto 54 per Cent ... . ll5l 164
Ditto Debentures, 4 per Ct., Oct., 1863 100
Ditto
Ditto ditto April, 1864 1001
ditto Aug. 1864 or 66 1005
120'tt, Bonds £I,OOO .
..
Exchequer Bills, £l,OOO 21 per Cent _.Ditto £500
FOREIGN FUNDS—CLOSING PRICES.
Brazilian 5 per Cent ........
Ditto 41 per Cent., 1852-58-60 .... 93}
Buenos Ayres 6 per Cent
Ditto Account! .... 94}
Chilian 6 per Cent. lol}
Ditto 3 per Cent 775
Ditto 41 per Cent. B6
Danish 4per Cent., 1825
Ditto 1863
Ditto Scrip, £4O paid i i Pm
Rquador New Consolidated, 1 per Cent l6i
Ditto, Provisonal Land Warrant 5l
tgVPtian 7 pet Cent 9B
Ditto, Second Issue
Greek 6 per Cent., 1824-5, ex-Coupms —
Ditto A necnint
Ditto Coupons ................. .
Italian 6 per Cent. (Nlaremmana Railway) 751
Mexican 3 per Cent .... ............ _ _
Ditto Ac,

iii'. _account ............
New Granada ................. 338 4
..... i
Ditto 2 per Cent
.. .... 3 ..... 12k 3
Ditto Deferred
8 7i
Ditto Land Warrants (Hectares)
Pw-uvian 41 per Cent.
Ditto 1862
Ditto Account . 881 i
Portuguese 3 per Cent., 18.53
iJitto Aeeount
Ditto 1862
_ Ditto Scrip, £3O paid
nust,ian 5 per Cent., 1822, £ St 94i
Ditto 41 per Cent ~ 1850 .. 911 1
Ditto 3 per Cent., 1859.
Ditto 5 per Cent., 1862 .
Ditto sor. 9sh k 41 5
Se 213, £B4 12s. paid
Di,i'o.4`,,__Pet Cent.
Spaniph r'ount
... 851 6 51
Ditto A.ePeeetn Cent
rat
..)!i,o count ..................
strinish Cert. of d,;,,* ....
Turidah 6 per C_,.... p_not funded
Ditto 6 per eXtr. 116,54
Ditto Account.,...
6 per Cent. 18 i 2
634
Ditto
oit, Account,
Ditto Goo.r.a.tecd, 4 per ,-; . .
Venezue 3 per Cent ... `-'.
..
...
Ditto gLount ..........
i itto 6 l'e"ent" Ib6- ............. 231
PaY.a..b.le. in landon
Ditto 1 por ',mt.
D-videll,- on the above
per Ce-- , Ex. 10 flori
Austrian, 5 ,
brit,,h 21 per Celit'i.'x. 12 G'uil . 11,4 '••• • 68 .
65
...
1.411' O'c
'',12,P.015, Money ....
.................. 92
3 LOCK.
J)itto Accouri.t. 92 3
--,...........
et--..ThisCottoDl(l-k LiverpoolDay,
,s TELE7
(RETto
i, b
7VI .)
Sales, ,' ' bales or ill
t•rotv, full rates. more,
II
° --port , previousli) 11)89'3'

BRITISH POS-4,;SSI,
,Darn ,
•nar laliwava Pala. Price. Kusineas dont
100 .-.antic &St Lawren It to t 2
4t14 tom.,Barodadz.Cent In , 1, 8 1,.9
Gu. 5 per cent..
20 Do. New ..... • 2 *
1 16 P
20 Do. E. Shares..
l ...flaw awl I.,,ht•ii 6
tio. Preference . "io
,n„
; p. ot. bds. Aug. 1, 1-
00. 40. 1 Tit). I. 1,7. , -
lOU Ju I, . ' - -
st t.a,t, I lOU 1. 7 1, 8
et aoe'rown Doek Sp. Ito 108 tl., .10 94
stock Ettatn. Bengal gu. 5 1.. • 10: .044 9 108
r• apt Inri.au. gu. sp. to. .495 .I, 4 104 410
20 1,0. do. G Ext... 5 15 11,d
20 Do. do. H do.
B'm., Grand Trunk of cartad l9 0
100 tom. Ist fr . Bonds . 62 66 625 3
100 Do. t.o. deferred.-- all .7 60
100 ..o. ?.1 Pret. Bon s t i 53 56
100 DJ. do d far ed all 40 .5
100 uo. 3d P ef. stook
100 Do. do. d len". d all 32
100 Do. 4th Pref. so k all 23 26
100 Do. do deferred.— all 21 23
stock Gt.lndiaPenin.gua.sp.c 100 110 111 110/ 10 410
20 Do. New gua. sp. c l2 1 liP
20 Do. January, 1832 4 1 1 •
stock Gt. South.of India (Lim
guaranteed 5 per cent. 100 106 108 1075
205 Gt. W. of Canada Share& all 115 :2} 125 12
204 Do. New .. IS 8/ 8} 91
100 Do. 6 p.o. '73 with't opt. all 100 102
100 Do. 55 p. e. do. '77-8.... all 90 (2
10 Indian Branch Limited 2 15 lip 34
stock Madras guar., 5p.0. .. 100 1065 1075 107 474 6}
stock Do. 4¢ p. 0. Extensior. 100 101 103
stock Dc. 44 d 0........ 100 97
20 Do. Fifth Extension. 2 - -
stock 51elb.Corp. 6p. 0. Buds. 300 -
50 llelb. & Hobson's Bay. all 47 49
100 Do. 7 p.c. edortg,. Bds. all - -
20 Newßrunswick s Candi,
Class A sni B all 3 5
N.ll.l.C'da opc Ist pt bds 100 E 0 12
stock Scinde ..•• •• 1 (100 1(8 109
Do.
8t 1 Delhi ' 100 107 169 107 f
do ,12 9 2 5 it)
20 Do. Punjaub
.. 9 15 11 lOp 16}
st Do. Do. ....... e 100 07' 168 108 71
.440
stock Do. Indus. St. Flo.) 000 101 103 , 102
.; 1 A (.i0 N 1\111;N 1 SEC 1.1.1 T I
- tAtn.tiotr. 6 p.e.J a/J
- 1877-84
- Do. 6p. c. Feb. a Au._ 100 113 11.5
- Do. dp. (1., Sept 100 103 165
- Do. sp. c. Jan.&.July. 100 95) 964 96
- Do. 5 Inscribed stock 100 94 96
- cape G.llope, Op 100 110 112
- . Do.Ap & Oct. 1886 100 111 113
- ! Do. 189' 100 (11 113
- 'Do. Jan. & July, 1891.. 103 113 115
- Ceylon, N0v.1861, 6p c Ity) -
- Mau- itins 5 per cent .. 100 111 113
- Na:a( G-oy. 6 per cent.. 130 0.8 110
--
!N. R.Gov. 6 p.c. a.aJul) 100 0(55 lut'q
- Do. .5 p. c.Ap. & On:. 100 -
- !N. S. W. Gov. S p 18 • 100 1014 1024
- Do. sp. to 1:,, 100 10Ii 1024
- : Do. d0.,1888 dzupwd, 100 102 1625 1021
- New Zealand 6 p :tent. 100 110 112
- Nova Scotia Gov. 6p.
- eterlintr. 1'475 tut 1,55 14
- Queensland Gcv: 6p. c. 100 :1 113
- G-np.e.it;7e.a up. iv 'll 113
Vw-Gov. p.c. Ja.StJul Uu 109 110
- Do. it,.., A D.3z0..4. 100 .095 110 1094
.4111TIS11-1 xl I
2 !Cambrian Consol. Gold 1 4 44
Immo Amalgamated..' - 20 22 20}
- 0•von (4. con, i 515 525
- ,:asl Baasetti !Bozo n 10 88 90
1 ;East Clogau Gold Ltd. ss. ss. P
East Uaradon ..... : :.; • 42a 43 , 431
- earn . ..4. 8/ 91 9
- W'l Ituesel (l'avistk.)! 8.1.6 3, 4}
- Gam.kSt.Aubyn(Gwen.), )7, 14 16
- Great South T01gu5..... 17, 55 51
- G. Wheal Vor (Ilelston .0 6i 7
- Grenville . ,.16 55 6
- Herod's- Foot—. I 464 484
t Ingston Downs.. . 14. 7.0 25 3
- Lady Bertha
11,rgaret (tiny Lehi, 33 35
- ,larke Valley..
•14,ndy Iron On (Lim 1 I e d
- New Seton i 19: 130 140
- uovau 2l 3
w!.., , 1110 .At 17 44 5
- .orth Wheal Crotty 41 5i
- 'ar Console(fit. !Thum) 45 55
111 ' 'rovidence( Uny Lein t t 43
iiouth Caradon(St.Cleet 14 f 395 405
- S. Cant Brea (Illogant .5.15 el 34 41
- = Wheal Fran. .9' 875 925
- ,Stray Park I e 8.9. 36 35
5 !Tamar Silv.d; Lead 1111,.; i 4 4 1
10 I Tin Croat 3 205 214 21
- i West Basset (111o.,zan) ! 14 12 13
- ' W Can:don (Liskeard I 5 31 33
- West Saton
- Wheal Basset (Mogan ti t.757i 724
- heal Buller (Itedrutir . 5 50 55 50
- Wheal Kitty (U.Lelant), 2.0.6 -
- WhealLud ott
W heal 31 aryAnn (Men ) I 8 1,55 165
- Wheal Seton . I 584 215 255 25'0
- teal Tretawney (Lis.); 7 1(4 175
, - Wheal Union ' 3.17 • 41 5

PREFERENCE SHARES.
Great Eastern, E. C. 6 per cent. pref., 130.
Great • orthern, 44 per cent., red, at 10 per cent. pm., 104
Gt. Western ( erks & Hants Ext.), 4 per cent. red., 891
Great Western, 5 per cent. red. prf., 1034
London, Chatham, and Dover 5 per cent. pref., 991
North Eastern (G.N.E. 4 per cent. pref.), :19
Stockton and Darlington, C 6 per cent., 334
West Midland, Oxford, Ist guaranteed stock, 127
Ditto, 2d ditto, 120 its

PREFERENCE SHARES AND STOCKS.
Caledonian .ClO gua. stock, 1024
Great Eastern, 44 per cent., pf., 951
London, Chatham, .Lx., Metrop. Ext., B, 6 per cent., 102

LINES LEASED Al' FIXED RENTALS.
Midland, Bradford pref. stock, 96
Wilts and Somerset, 914

FOREIGN RAILWAYS.
Bahia and San Francisco (lim.) glt. 7 per cent., 211
Great Luxembourg, 14$
Recite and San Francisco (lim.), gua. 7 per cent., 18j 18
San Paulo ;Um.), gua. 7 per cent. all), 231
Western and North-Western of France, 201

FOREIGN MINES.
Don Pedro, Nor h Del Rey. 1
United Mexican (licri.), 63 1

uatra a i JOIN T-STOCK RANKS.
Alliance Bank of London and Liverpool (1im.),131 301
knk olt lea' 71"
2
Bank
of London,
21. 30 291 30
uLondoantaann
n 't (lira.)
" 134-1
li7 17
City, nil ank 01 India, Australia, and China, 264 7
Chartered re
American'
54
Continental, 5
Loudlna. and Japan
London, B. yr,. 42#
London ch .rtered tittuit• Plate airn.) 221
London and County, 437 Australia,- 2Eso
London and South Atrica-
LonciGn and Westminatern,';77"
51etrop and Pim Bank aim:), l
Midland hank (1i,..),
Nation.' auk.
Oriental Bank Corporation, 54i
rgandar.l of itritish South Attica(lim)
. 151
Union of u4tra I ia, ..2
Union of Ireland (lim.). 141
Union of London, 34i
DOCKS.
East and West India, l4oj
Victoria, 94 9
MISCELLANEOUS.
Berlin Water Works, 84 a
Crystal Pal, ce, 34
r
• tion and foal,
East India Irriga
Italian I rriLf a on (Canal
11,. Cavour.), 4g 50
issued _
90, 141
' Ditto, 6 per ce Bonds rd.
Joint stock Discount, 2i
London Gen ral Omnibus Company. •) ,
National Discount Company (lim.),
Peel River Land and Slineral, 5.4
Peninsula and 0 iental Steadi, 7a 7 6
South Australian Land, 3 so
Nan Diemen's Land. [54

In connexion with the proposed alteration in the
levying of dories on grain from measures to weight, a pub-
-1;e meeting is called for the 22d instant, at the Corn Ex-
change subscription room, Mr. W. S. Lindsay, M,F., will
Preside,