The Sun.
London, England, 1865-07-27 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE,

• TWELVE O'CLOCK.
ADVANCE IN THE BANK RATE OF DISCOUNT.
48 fully expected, the directors of the Bank of
England have increased their minimum rate of dis-
count from 3 per cent., to which it was lowered on
Leh 15th ultimo, to 3f per cent. The extreme
'agency in the quotations out of doors prepared
kost parties to rely upon a rise of as much as one
Dec cent. It is generelly believed that some further
very heavy consignments of gold will shortly have
to be remitted to the Continent, and if this be so
the directors would have rendered greater service
to the commercial community by making one in-
stead of two upward movements. The authorities,
however, must be the best informed upon the sub-
ject, and from the wise and judicious policy they
have hitherto adopted the future will be awaited
'With confidence.
proportionate alteration in the rate of interest
°II deposit accounts has been made by the various
discount houses, including the National Discount
Company, Messrs. 0 verend, Gurney, and Co., and
Messrs. Alexander Cunliffe and Co. For money
at Call they will give 2k per cent. ; for seven days'
notice of withdrawal, 2! per cent.: and for four-
teen days, 3 per cent.
At the meeting of the Electric and International
Telegraphic Company on Aug. 4 the dividend to be
recommended is 4/ per cent. for the half-year.
The report of the United Kingdom Electric Tele-
graph Company, for presentation to the meeting of
shareholders, states that the directors much regret
that notwithstanding their earnest efforts to, develop
telegraph communication so as to render the shil-
ling rate remunerative, the company has been un-
able to earn a dividend.

The report of the Joint-stock Discount Company
to be presented on the 31st inst. recommends a
dividend at the rate of 6 per cent. per annum,
Which will absorb £24,000, and leave £6,573 to be
carried forward.

It has been notified that the share list of Hodges'
Distillery Company will be closed on Wednesday,
the 2d August ; and also that the Massa-Carrara
Marble Company will close their list on Monday,
the 31st inst.
The last week's railway receipts ascertained up
to this day are in round figures as under :-
1865. 1864
£75,594 .V 4,573
... 120,713 116,580

Great Western
North Western
Bouth-W

'esters :::

31,938 30,239
Brighton •••
••••
•••
24,897 23,333
idland: • •• • • • •••• 49893 49,390
lSouth Eastern ••.'• ••••
•••
24,831 27,944
ilreat Northern •... 38,975 35,836
Bristol
and Yorkslaire 45,404 43,370
tireat Eastern
tiristol and Exeter ... 7,847 7,123
1,10. mil Eastern 70,193 73,760
_ Auchester, Sheffield, and Lincoln 20,693 19,111
•. 36,122 34,746
These returns when compared with those of the
:°l.resPonding period of last year are generally of a
'favourable character. On the Great Western
vhere is an increase of £1,021 ; North Western.
i*l33 ; South Western, £1,699 ; Brighton, £1,564;
ki--""Ilalld, £.503 ; South Eastern, £487 ; Great
';°rthern, £3,139; Lancashire and Yorkshire,
1,2'034 ; Bristol and Exeter, £724 ; Manchester,
'*llleMeld, and Lincoln, £2,582 ; Great Eastern,
Q1'376 ; while the North Eastern exhibits a de-
crease of £3,567.
The directors of the Electric and International
egr, aral Company yesterday resolved to recom-
cau to the proprietors, at the general meeting to

be held on the 4th of August next, a dividend of

£4 10s. per cent. for the last half year.

Two o'CLocx.

At the Paris Bourse this morning, according to
Reuter's telegram, the 3 per Cent. Rentes were
67f. 52c.

The mercantile community having, in anticipation
of the movement which has just taken place in the
rate of discount, been large borrowers, the enquiry
this afternoon has been exceedingly small. The
brokers, although largely supplied with money, still
require fully 31 per cent. for accommodation on the
best bills.

Quotations at the Stock Exchange have not under-
gone any important change. Generally prices have
been well supported. The Funds show no alteration
and Consols are 89i 90 for money, and 901 for the
account. The New Three per Cents. and the Re-
duced Annuities are 891 ; ditto Red Sea Tele-
grah, 141 ; India 5 per Cents, 1041; Enfaced
Paper, 4 per Cents., 89 ; ditto 5 per Cents., 1872,
1021; Debentures, 4 per Cent., 1866, 100, and
Bonds under £l,OOO, 23.
In the Railway Share Market there has been
very little animation, the settlement of the account
having been the principal business attended to.
Prices, however, have generally been a shade flat-
ter. South Eastern have declined ss. ; Great
Eastern and North Eastern (York), each 15s. ;
and Lancashire and Yorkshire, and Manchester,
Sheffield, and Lincoln, each £l. Bristol and Exe-
ter, however, have improved £l. _ _ .

The Foreign and Colonial lines remain without
change of importance.
Bank and Miscellaneous Shares are dull, but
prices generally remain steady. London Joint Stock
aro marked 471 -a ; Oriental Bank, 52i 53} ; Fore-
street Warehouse, 91 i ; and London General Om-
nibus Company, 3f. _

Foreign Stocks have been dealt in at steady
prices ; Consolides are 491 4. ; Mexican, 234. j ;
ditto New, 23 ; Greek, 20/ 4 ; Spanish Passive,
281 1 ; Certificates, 134.1 ; Italian 64 1 ; Oonfecie-
rate Loan, 7 9. American Securities show little
alteration ; United States Five-Twenty Bonds, 70
; Erie Shares, 54 1 ; and Illinois, 884 89.
Subjoined are the current quotations of some of
the principal new undertakings : —Hodges Dis-
tillery, 24 3 prem. ; Anglo Greek Steam Navigation
Company, 2 3 prem. ; General Exchange Bank,
21 2/ prem. ; Marseilles Extension Railway and
Land Company (Limited), 2 24 prem. ; the New
Issue of 50,000 Preference Shares of £5 each of the
Atlantic Telegraph Company, 4. 4. prem. ; Russian
Iron Works, 9 11 prem. ; London Bridge Land, 1
4. prem. ; Northern Assam Tea, par 4. prem. ;
Chubwa Tea, par 4. prem. ; Albert Bridge, 1 11
prem. ; Massa Carrara Marble, 224 prem. ; Downs
Docks, / 11 prem. ; London Quays, 4. dis. par ;
British India Trust and Agency Corporation, 1 14
prem. ; Overend, Gurney, Company, 2/ 24 prem. ;
Metropolis Sewage Company, 7 8 prem. ; Peruvian
Railway Company, 3 5 prem. ; Lion Brewery Com-
pany, 14. 2 prem. ; Hop and Malt Exchange, 24 34.
prem. ; Dalbeattie and Kirkconnell Granite, 2 24
prem.

BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT FUNDS.
8 per Cent. Consols
Do. Account, Aug. 8 9O
o per Cent. Reduced B9l 1
New 3 per Cent' 894
New 21 per Cent. Jan. 1894
Do. 5 per Cent. Jan. 1873
Annuities, 30 yrs, expire sth Jan., 1880
Do. for 30 yrs, expire sth AprillBBs —
Do (Red Sea Telegraph), Aug., 1908 l4l
Exchequer Bills, £l,OOO, 31 per Cent.
Do. £5OO
.Do. £lOO and £2OO
lank of England Stock, 51 per Cent 248
Do Account
INDIAN GOVERNMENT SECURITIES.
Indian Stock, 101 per Cent., April 1874 —
Do. Account
Do. 5 per Cent. July, 1870
Do. Account
Do. 4 per Cent., Oct. 1888

Do. Certificates —
Do. Enfaced Paper 4 per Cent B9
):Do. 5 per Cent., Jan. 1872
'Do. 51 per Cent., May 1879 lO9l
Do. 4 per Cent., Aug. 1866 lOO
Do. Bonds, £l,OOO —
Do. under £l,OOO
FOREIGN FUNDS—CLOSING PRICES.
Austrian Bonds, 5 per Cent, 1859
Brazilian 5 per Cent —
Do. 41 per Cent., 1852-58-60
Do. 1863
Buenos Ayres 6 per Cent B5
Do I per Cent. (Deferred 3 per Cent.)
Chili= 6 per Cent —
Do. 41 per Cent. 784
Colombian 6 per Cent. —
Cuba, 6 per Cent.
Danish 3 per Cent., 1825 —
Do. 4 per Cent., 1863 —
Do. 5 per Cent., 1773-77, £25 paid
Danubian Principalities

Do. Account -
Do .£B6 paid
Equador New Consolidated, 1 per Cent
Do., Provisional Land Warrant —
Egyptian 7 per Cent 96f
Do" Second Issue
Do £lOO Bonds —
Do. 1861 94} 3f 41
Do £lOO Bonds
Greek 5 per Cents., 1824-5, ex Coupons
Do Account 2li
Do. Coupons
Do. Account
Guatemala 5 per Cent. —

Do. 1839 and 1850 —
Italian 5 per Cent (Maremmana Railway) 70 }
Do 1865
Do Scrip, £67k paid — dis
Do 5 per Cent., 1864 —
Do. Scrip, £55 paid
M exican 3 per Cent. —
Do. Account
Do 1864
Do 6 per Cent. Anglo-French
Do French Scrip, Ex, 25f 20c —
Montevidean 6 per Cent., £3O paid
Moorish Imperial 5 per Cent —
New Granada
Do 2 per Cent
Do Deferred
Do Land Warrants (Hectares)

Peruvianq per Cent. -
Do Scrip, £45 paid, paid in Bonds dis
Do 3 per Cent. (llribarren) —
Do lik per Cent., 1862

Do. account
Portuguese 3 per Cent., 1853
Do Account —
_ ._

Do 3 per Cent., 1856, '7, '9, '6O, '62, '3, 471
Po Account —
rfussian 5 per Cent., 1822, £ St.,
Do 41 per Cent., 1850
Do 1860 —
Do 8 per Cent., 1859
Do 5 per Cent., 1862
Do 1864
Barclinian 5 per Cent —
Spanish 3 per Cent —
Do. Account
Do New Deferred 4O 39/
Do Account —
Do Passive
Do Account 291
..
Spanish Cert. of Coup not funded —
Do Account 134 i
Swedish 4 per Cent.
Do. 41 per Cent. 1864
Turkish 6 per Cent. 1854 94
Do 6 per Cent. 1858
Do Account
Do £lOO Bonds
Do. 11 per Cent
Do 6 per Cent. 1862
Do Account
Do £lOO Bonds 74 31
Do 6 per Cent.,1863
Do 5 per Cent. 1865
i
Do Scrip, £35 paid
5 dia
Do Guaranteed, 4 per Cent
Venezuela 3 per Cent.
Do. Account
Do. 6 per Cent, 1864
Do Account
Dividends on the above payable in London.
Austrian, 5 per Cent., Ex. 10 Florins
Belgian, 44 per cent., Ex. 25f.
Dutch 21 per Cent., Ex. 12 Guil
Do. 4 per Cent. Certificates 99
French Rentes, 4i per Cent.
Do Account 641
Italian 5 per Cent., 1861, Ex. 25f.
Do. Account —
THREE O'CLOCK.
Consols
Do. Account