The Sun.
London, England, 1863-04-20 00:00:00

RONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.

Rather less activity is reported in the general
discount market, the requirements of the mercan-
tile community being very moderate. There is no
alteration in the rates upon which mercantile bills
can be negotiated, but the facilities offered in Lom-
bard •street and other places have materially reduced
the inquiries at the Bank of England.
No further supplies of gold being immediately
available, the bullion operations of the Bank of
England on Saturday afternoon were unimportant.
It is generally imagined that further quantities
will be sent into the establishment in the course
of the present week.
From the manufacturing districts the accounts
during the past week have been more satisfactory.
Business at Manchester has been more animated
owing to an increased demand for the India and
China markets. In the woollen trade of Leeds,
Bradford, and Halifax, there has been a seasonable
business in spring fabrics, while rather less anima-
tion has prevailed in the hardware districts, parti-
cularly of Sheffield, Walsall, and Wolverhampton.
The advices received by the Asia give the fol-
lowing description of the New York money mar-
ket at the latest date :—" Money has become ex-
tremely easy. Notwithstanding the enormous re-
ceipts at the Sub-Treasuries for conversion into 6 per
cents., and for deposit at 5 per cent, on call after 10
days, the necessities of the Government are such that
these Treasury balances do not increase, and the legal
tender currency flows out as rapidly as it flows in.
The expenditures of government continue as large
as ever, and the creation of paper money is speedily
proceeding at the rate of about a million a day.
Under these circumstances it is not surprising that
money should be cheap and abundant. But
for the willingness of the Government to receive
money on deposit at 5 per cent: the current rate
would now have been 4to 5. As it is, it is sto 6.
First class houses do not pay over 5 ; ordinary
speculators are freely supplied at 6. Debt certifi-
cates, old issue, are worth a fraction over par; the
new issue commands 98 Commercial paper is
very scarce ; the best names sell at 6to 6 ; the paper
of parties who have been speculating in goods with-
out adequate capital is current at much higher rates.
It is now well understood that Mr. Chase will not
offer a loan during the current month. Ho is re-
ceiving more money than he can receipt for in bonds.

Two O'CLOCK.
At the Paris Bourse this day, according to Mr.
Renter's telegram, the 3 per Cent. Rentes were
69f. 40c.—flat.

The transactions recorded in the English Stock
Market to-day have not indicated the slightest in-
crease of speculative business or in the demand for
Consols, New Threes, Reduced Annuities, &c.,:on
behalf of the investing public. Nor has the tendency
of quotations been altogether favourable, Consols
having receded to 924 4 for money and account.
The New Threes and Reduced Annuities are quoted
94 ; and Exchequer Bills are ls. die.; Indian
Securities show no great alteratioo, the 5 per Cents.
being 1094 110; the 51 per Cents. Enfaced, 1154
1164 ; the Debentures, 1004 e ; and the Bonds, 16s.
to 20s. prem. Bank Stock is 234.
The Foreign Market has been rather heavy, and
the transactions have been rather less numerous,
speculation being quieter. Turkish 6 per Cents.,
1854, have remained at nominal prices ; do., 1858,
also have not been dealt in; and do., 1862, are
marked 704 4, showing steadiness. The Consolides
have receded fully 4, viz., to 474 4, and the New
Loan is 14 4 prem.; Greek Bonds are a per cent.
lower, viz , 284 4, and the Coupons are 134 4 ;
Italian 5 per Cents. are 704 71, showing a decline
of 4 per cent. ; Spanish are steady. The Confede-
rate Loan is 4 14 prem.
Business in the Railway Share Market continued
very dull, and several of the princip,l undertakings
exhibited a slight downward movement in prices.
Great Eisterns, Great Westerns, Midlands, and
South Easterns have each receded about ss.

The Foreign and Colonial lines were without
change of importance.
For Joint Stock Bank and Miscellaneous Shares
there was a very limited inquiry, without any
material alteration to record in values.

BRITISH FUNDS—ONE O'CLOCK.
Bank Stock 234
3 per Cent. Reduced Annuities
S per Cent. Consols Annuities 92 a
New 3 per Cent. Annuities
India Stock —
Ditto 6 per Cent
Ditto Enfaced Paper, 4 per Cent .. 99
I)itto 5} per Cent
Ditto Debentures, 4 per Ct., Oct„ 1863
Ditto ditto April, 1864 100$ i
Ditto ditto Aug. 1864 or 66 100 k

Ditt, Bonds £l,OOO - 16
Ditto under £1,000..
Consols for Account, May 7 92i
Exchequer Bills, £l,OOO 2} per Cent 1 die

FOREIGN FUNDS—ONE O'CLOCK.
Egyptian 7 per Cent.. 971
Ditto, Second Issue
Greek 5 per Cent., 1824-5, ex-Coupons —
Ditto A (Torint 2Bl 1 9 81
Ditto Coupons
Italian 6 per Cent. (Maremmana Railway) 751
Mexican 3 per Cent
Ditto Account .. 34 31
New Granada
Ditto Land Warrants (Hectares) 6i
P,rucian 41 per Cent.
Ditto 1862
Ditto Account B9
Portuguese 3 per Cent., 1853
Ditto 1862
Russian 5 per Cent., 1822, £ St —
Ditto 5 per Cent., 1862
Sardinian 5 per Cent.
Ditto Account..
Spanish 3 per Cent
Ditto Account.
Ditto New Deferred ..
Ditto Account
Ditto Passive
Spanish Cert. of Coup not funded
Turkish 6 per Cent. 1854 —
Ditto 6 per Cent. 1862
Ditto Account..
Venezuela, 3 per ent. ..........."
Ditto 6 per Cent., 1862 -0 59/
Dividends on the above payable in London.
Dutch 21 per Cent., Ex. 12 Gull —
Ditto 4 per Cent. Certificates
Italian, 6 per Cent., 1861, Ex. 25 francs —
Ditto Account 7O/ 1
TWO O'CLOCK.
Consols, Money
Ditto Account 921 i