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

MONEY 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 offertd 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 pest 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 t. Commercial paper is
very scarce ; the best names sell at sto 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. He 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. Rente■ were
89f. 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 921 a for money and account.
The New Threes and Reduced Annuities are quoted
911 4 ; and Exchequer Bills are ls. die.; Indian
Securities show no great alteration, the 5 per Cents.
being 1091 110; the 54 per Cents. Enfaced, 1151
1161 ; the Debentures, 1004 d ; 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 761 I, showing steadiness. The Consolides
have receded fully viz., to 471 1, and the New
Loan is 11 I prem.; Greek Bonds area per cent.
lower, viz., 28k 1,-, and the Coupons are 131 d ;
Italian 5 per Cents. are 70t 71, showing a decline
of I per cent. ; Spanish are steady. The Confede-
rate Loan is 11a prem.
Business in the Railway Share Market continued
very dull, and several of the principal undertakings
ezi2ibited a slight downward movement in prices.
Great Easterns, 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—CLOSING PRICES.
Bank Stock
3 per Cent. Reduced Annuities
2 per Cent. Console Annuities 94 i I i
New 3 per Cent, Annuities
India Stock —
Ditto 5 per Cent
Ditto Enfaced Paper, 4 per Cent .. 99

I .itto 65 per Cent
Ditto Debentures, 4 per Ct., Oct., 1863 100

. . .
Ditto ditto April, 1864 1001 a
Ditto ditto Aug. 1864 or 66 1001
D w) Bonds Cl,000
Ditto wider £I,OOO
Consols for Account, May 7 921 f
Exchequer Bills, £l,OOO 2k per Cent 1 die

FOREIGN FUNDS—CLOSING PRICES.
Egyptian 7 per Cent 971 8
Ditto, Second Issue
Greek 6 per Cent., 1824-5, ex-Coup ms —
Ditto Account.
Ditto Coupons
Italian 6 per Cent. (Nlaremmana Railway) 751 5
Mexican 3 per Cent
Ditto Account .. 34 31 a
New Granada ..
Ditto 2 per Cent
Ditto Deferred
Ditto Land Warrants (Hectares) 6l
Peruvian 41 per Cent.
Ditto 1862
Ditto Account B9 8a
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 47/
Ditto Passive
Spanish Cert. of Coup not funded
Turkish 6 per Cent. 1854 —
Ditto 6 per Cent. 1868
Ditto Account
Ditto 6 per Cent. 1862
Ditto Acc0unt...................„ 701 hI 70
Ditto Guaranteed, 4 per Cent ......
Venezuela, 3 per Cent
Ditto 6 per Cent., 1862
Dividends on the above payable in London.
Dutch 21 per Cent., Ex. 12 Guil
Ditto 4 per Cent. Certificates
Italian, 6 per Cent., 1861, Ex. 25 francs —
Ditto Acoount
THREE O'CLOCK.
Consols, Money
Ditto Account