The Sun.
London, England, 1865-10-02 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE,

TWELVE O'CLOCL
FURTHER ADVANCE IN THE BANK
RATE OF DISCOUNT.

- The report of the directors of the Great
Western Railway of Canada states that the balance
to the credit of the capital account is £26,989
18s. 4d., from which the directors recommend
the payment of a dividend at the rate of 2
per cent. per annum, which will absorb £33,604,
and leave a balance of £3,205 to be carried to
the credit of the current half-year. The loss
on the conversion of American funds during
the half-year amounted to the sum of
£54,937. The purchases of gold have been effected
at an average rate of 153 f. An additional loss
of £4,670 14s. 6d. has been incurred by the con-
version of the sum of $77,504 American Funds
since the 31st July, and a further amount of
$164,654, also in American Funds, was at that date
due to the company on traffic account. The rela-
tions of the directors with the American connecting
railways continue satisfactory.

Two o'CLoca

At the Paris Bourse this morning, according to
Reuter's telegram, the 3 per Cent. Rentes were
68f. 52c.

The English Stock Market has been very inac-
tive and depressed through the increased value of
money. Consols have receded to 88i 89 for money,
and to 89 II- for the account.

The Foreign Stock Market shows that prices are
generally at fractionally lower values. Turkish
Consolides are 49e ; Mexican, 26f j. ; the New
Loan, 25# ; Greek, 201 ; Spanish Passive, 29i
; the Certificates, 14# s ; Italian, 64 ; the Con-
federate Loan, 68 ; and Brazilian Scrip, 3 j- prem.
In the Railway Share Market the dealings have
been on a limited scale, and prices have shown a
further depression. Great Northern A Stock has
declined / ; Great Eastern, Lancashire and York-
shire, and Midland each ; and North Western,
Metropolitan, North Eastern (Berwick), and South
Eastern, each

The Foreign and Colonial lines have remained
inactive, without any material change in values.
Bank and Miscellaneous Shares are quiet. Lon-
don and County are marked 77 a ; Alliance Bank,
31f ; Union of London, 53 ; Hudson Bay Co.,
16} ; and Overend, Gurney, and Co., 16f i.
Transatlantic Steam Ship Company Shares are
quoted par 1 prem. ; London and Australian
Agency, * 1 prem. ; Allan's Telegraph Company,
1 1k prem. ; and Gale's Gunpowder Company,
1 1f prem.

The various discount houses have made a propor-
tionate alteration in the allowance of interest on
deposits, viz., to 4 pericent. for money at call, to 4-1
per cent. for 7 days notice, and 4i per cent. for 14
days' notice of withdrawal.

BRITISH FUNDS—ONE O'CLOCK.
•
GOVERNMENT FUNDS.
8 per Cent. Consols
Do. Account, Oct. 10
a per Cent. Reduced B7l 6i
Now 3 per Cext B7i 61
New 3i per Cent. Jan. 1894 77i
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 —
Vxchequer Bills, £l,OOO, 3 per Cent. 1 6 dis
Do. £5OO
Do £lOO and £2OO
Do Accou
Bank of Enbglantnd Stock, 51 per Cent shut
, INDIAN GoVERNAENT SECURITIES.
indian Stock. 104 nom
L aril 1 Q7A.
Do. 5 per Cent. July, 1870
Do. Account
Do. 4 per Cent., Oct. 1888 ..........
Do. Certificates
Do. Enlaced Pa- 4 r

per 4 per Cent.,,,,,,,,,, ._Do. 5 per Cent., Jan. 1872 —
Do. 5} per Cent., May 1879
Do. 4 per Cent., Aug. 1866
Do. Bonds, £l,OOO
Do. under £l,OOO

FOREIGN FUNDS —ONE O'CLOCK.
Austrian Bonds, 5 per Cent, 1859
Brazilian 5 per Cent
Do. 4/ per Cent, 1852-58-60
Do. 1863
Buenos Ayres 6 per Cent
Do. Account
Do 1 per Cent. (Deferred 3 per Cent.)
Chilian 6 per Cent lOll
Do. 4/ per Cent
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
.equador New Consolidated, 1 per Cent —
Do., Provisional Land Warrant.....,., —
Egyptian 7 per Cent ...........
Do., Second
Do £lOO Bonds Issue
Do. 1864 921
Do £lOO Bonds
Greek 5 per Cents., 1824-5, ex Coupons
Do Account
Do. Coupons
Do Account 1
Guatemala, 5 per Cent.
Do £B6 paid
Do. 1839 and 1850
Italian 5 per Cent (Maremmana Railway)
Do 1865
Do Scrip, £671 paid
Do 5 per Cent., 1864
Do. Scrip, £55 paid
Mexican 3 per Cent
Do. Account
Do 1864 26/ 51
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 l4l
Do 2 per Cent
Do Deferred
Do Land Warrants (Hectares)
Peruvian 4/ per Cent
Do. Account
Do Scrip, £45 paid, paid in Bonds
Do 3 per Cent. (Uribarren)
Do 4f per Cent.,-.1862
Portu—
guese 3 per Cent., 1853
Do Account ...... . ... . ... ..... .
Do.
Do 3 per Cent., 1856, '7, '9, '6O, '62, '3,
Account
ussian 5 per Cent., 1822, X St
Do 4/ per Cent. 1850
Do 3 pee Cent. 1859
Do 4/ per Cent., 1860
Do 5 per Cent. 1262
Do 5 per Cent. 1864
Sarainutn 5 per Cent
Do Account
Spanish 3 per Cent
Do New Deferred
Do Account
..............................
Do Account .....
Do Passive
29/ 30
Spanish Cert. of Coup not funded
Do Account
Swedish 4 per Cent.
Do Account .......1864
Do. 4/ per Cent.
Turkish 6 per Cent. 1854
DoiAccount
DDo 6 per Cent. 1858
Do Account
o £lOO Bonds
Do 6 per Cent. 1862
./
Do. 1/ per Cent
Do Account..
731 4
Do £lOO 80nd5......" 75 4
Do 6 per
,188 Cent. 64
DDo 5 per Cent. 1865
o £ICO Bands
rip .................
Do Guara
Do Sc, £3snteed, paid .. .
4 per Cent
Venezuela 3 per Cent.
DoDo. 6 per Cent, 1862 •
. Account ..............
Dividends on the ....... in London.
4.,.4strian, 5 per Cent., Ex. 10 Florins
D„pl,.;l_, %/- per cent., Ex. 25f
.Florins
teper Cent., Ex. 12 Guil
er Cent. Certificates ............... Frenehilee:
utenst, 4/ per Cent.
Do.
Italian E. per
Do Account . ent•, 1861, Ex. 251. .........
........ ........................... 83 /
Consols ........ TWO O'CLOCK.
...........
Do. Account 83:8)31.89

.___,...,_
iverpool Cotton Market—This Da:
--,111.---

Market opens with a brisk en.qwxy at firm rates.
ales probably 30,000 bales.

The Bank of England Directors have just ad-
vanced the value of their official minimum to 5 per
cent. The increased demand experienced within
the last few days for discount accommodation, and
the expectancy of its continuance, especially till
after the 4th of the month, have induced the au-
thorities to further enhance the value of money.
Gold and silver are in demand for transmission
to India for payment of cotton, and the increased
employment in the manufacturing districts has
lately and is now occasioning a larger absorption of
capital. The rate in the open market is very firm,
and first-class bills cannot be negotiated under 51
per cent.