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.
As 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
the 15th ultimo, to 31 per cent. The extreme
stringency in the quotations out of doors prepared
most parties to rely upon a rise of as much as one
Per 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.
A proportionate alteration in the rate of interest
01.1 deposit accounts has been made by the various
discount houses, including the National Discount
Company Messrs. 0 verend, Gurney, and Co., and
l‘lcssrs. Alexander Cunliffe and Co. For money
at call they will give 2f per cent. ; for seven days'
notice of withdrawal, 24 per cent.: and for four-
teen days, 3 per cent.
At the meeting of the Electric and International
lelegraphic Company on Aug. 4 the dividend to be
recommended is 4f 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'
I)istillery Company will be closed on Wednesday,
the 2d August ; and also that the Massa-Carrara
Alarble Company will close their list on Monday,
the 31st inst.

Ihe last week's railway receipts ascertained up
to this day are in round figures as under :

1863. 1864
reat Western .. £75 594 £74,573
North Western 120:713 116,580
south-Western ... 31,938 30,239
..• ••• ... 24,897 23,333
-511(11
and
..• ••• ... 49,893 49,390
onth Eastern ... 21831 27944
teat Northern
••• 38,975 35,836
N`,;ap.eashire and Yorkshire
... 45,404 43,370
-tirisztol and Exeter ••• ... 7,847 7,123
o rth Eastern ...
... 70,193 73,760
,tnehester Sheffield, and Lincoln ... 20,693 19,111
'Teat Eastern 36,122 34,746
These returns when compared with those of the
c)l'responding period of last year are generally of a
favourable character. On the Great Western
there is an increase of £1,021 ; North Western.
'4,133 ; South Western, £1,699 ; Brighton, £1,564;
4'▪ lidland, £503 ; South Eastern, £487 ; Great
Northern, £3,139; Lancashire and Yorkshire,
R£2,034 ; Bristol and Exeter, £724 ; Manchester,
"Fileffield, and Lincoln, £2,582 ; Great Eastern,
'1,376 ; while the North Eastern exhibits a de-
crease of £3 567.
I, The directors of the Electric and International
,elegraPh Company yesterday resolved to recom-
-Aelid 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'CLOCK.

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 891 90 for money, and 90f for the
account. The New Three per Cents. and the Re-
duced Annuities are 891 4 ; ditto Red Sea Tele-
grah, 141 ; India 5 per Cents, 1041 ; Enfaced
Paper, 4 per Cents., 89 ; ditto 5 per Cents., 1872,
102 f ; 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
are marked 471 1; Oriental Bank, 521 534 ; Fore-
street Warehouse, 94 f ; and London General Om-
nibus Company, 31.
Foreign Stocks have been dealt in at steady
prices.; Consolides are 491 s ; Mexican, 231 i ;
ditto New, 23 I ; Greek, 201 4 ; Spanish Passive,
281 i ; Certificates, 131 1 ; Italian 64 1 ; Confede-
rate Loan, 7 9. American Securities show little
alteration ; United States Five-Twenty Bonds, 70
1 ; Erie Shares, 54 1 ; and Illinois, 881 89.
Subjoined are the current quotations of some of
the principal new undertakings : Hodges Dis-
tillery, 21 3 prem. ; Anglo Greek Steam Navigation
Company, 2 3 prem. ; General Exchange Bank,
21 21 prem. ; Marseilles Extension Railway and
Land Company (Limited), 2 21 prem. ; the New
Issue of 50,000 Preference Shares of £5 each of the
Atlantic Telegraph Company, I 1 prem. ; Russian
Iron Works, 9 11 prem. ; London Bridge Land, I
prem. ; Northern Assam Tea, par f prem. ;
Chubwa Tea, par f prem. ; Albert Bridge, 1 1+
prem. ; Massa Carrara Marble, 221 prem. ; Downs
Docks, / 11 prem. ; London Quays, 1 dis. par ;
British India Trust and Agency Corporation, 1 1f
prem. ; Overend, Gurney, Company, 21. 21 prem. ;
Metropolis Sewage Company, 7 8 prem. ; Peruvian
Railway Company, 3 5 prem. ; Lion Brewery Com-
pany, 1f 2 prem. ; Hop and Malt Exchange, 2/ 31
prem. ; Dalbeattie and Kirkconnell Granite, 2 21
prem.

BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT FUNDS.
8 per Cent. Consols
Do. Account, Aug. 8 9O
o per Cent. Reduced B9l I
New 3 per Cent B9l 1
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 April, 1885 —
Do (Red Sea Telegraph), Aug., 1908 l4}
Exchequer Bills, £l,OOO, 31 per Cent.
Do. £5OO
.Do. £lOO and £2OO
Bank of England Stock, 51 per Cent 248
Do Account
INDIAN GOVERNMENT SECURITIES.
Indian Stock, 101 per Cent., AprillB74 —
Do- Account
Do. 5 per Cent. July, 1870
Do. Account
Do. 4 per Cent., Oct. 1888
Do. Certificates
Do. Enlaced 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. 4} per Cent., 1852-58-60
Do. 1863
Buenos Ayres 6 per Cent B5
Do I per Cent. (Deferred 3 per Cent.)
Chilian 6 per Cent
Do. 41 per Cent 7Bl
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 p_aid
Equador New Consolidated, 1 per Cent —
Do., Provisional Land Warrant
Egyptian 7 per Cent 961
Do., Second Issue
Do £lOO Bonds
Do. 1864 94i al 4;
Do £lOO Bonds
Greek 5 per Cents., 1824-5, ex Coupons
Do Account 2ll
Do. Coupons
Do. Account
Guatemala 5 per Cent.
Do. 1839 and 1850
ltalian 5 per Cent (Maremmana Railway) 70
Do 1865
Do Scrip, £671 paid — dis
Do 5 per Cent., 1864
Do. Scrip, £55 paid
Mexican 3 per Cent.
Do. Account
Do 1864

110 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)
Peruvian 41 per Cent.
Do Scrip, £45 paid, paid in Bonds — dis
Do 3 per Cent. (Uribarren) —
Do 4i per Cent., 1862
Do. Account
Portuguese 3 per Cont., 1853
Do Account —
Do 3 per Cent., 1856, '7, '9, '6O, '62, '3, 471
Do Account —
Uussian 5 per Cent., 1822, £ St.,
Do 4i per Cent., 1850
Do 1860

Do 3 per Cent., 1859
Do 5 per Cent., 1862
Do 1864
Sardinian 5 per Cent
Spanish 3 per Cent
Do. Account
Do New Deferred
Do Account

Do Passive
Do Account 291
Spanish Cert. of Coup not funded
Do Account
Swedish 4 per Cent. —
131
Do. 41- per Cent. 1864
Turkish 6 per Cent. 1854 94
Do 6 per Cent. 1858
Do Account 74 31 1
Do £lOO Bonds
Do. 11 per Cent
Do 6 per Cent. 1862
Do Account 721
Do £lOO Bonds
Do 6 per Cent., 1863 —
74 31
Do 5 per Cent. 1865
Do Scrip, £35 paid
5: dis
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, 41 per cent., Ex. 23f.
Dutch 21 per Cent., Ex. 12 Guil
Do. 4 per Cent. Certificates 99
French Rentes, 41 per Cent.
Do Account 641.
Italian 5 per Cent., 1861, Ex. 25f.
Do. Account
THREE O'CLOCK.
Consols
Do. Account