The Sun.
London, England, 1865-11-23 00:00:00

MONEY MARKET

COMMERCIAL INTELLIGENCE,

TWELVE O'CLOCK.
REDUCTION IN THE RATE OF DISCOUNT.
The Bank of England directors, at their weekly
Court this morning, have reduced their rate of dis-
count from 7 to 6 per cent.
The event has occasioned much satisfaction in
commercial circles, but among the banking cora-
kunity it has awakened some surprise. Capitalists
here loth to believe in cheaper money. Their
general idea was that the rate would rather remain
ht 7, or be further advanced, than reduced, and if it
Q not been for the very considerable amount
geld—upwards of half a million sterling—received
at the Bank during the past week, there is little
Probability that the movement made this morning
Zlrs3ltid have taken place. It must not, however,
,ue forgotten that the inquiry for accommodation
11a8 been of a very moderate character, and this
VlaPs, as much as anything else, has largely con-
Ziuttted to an easier condition of the money
-4aricet.
41-11 amount of gold, representing £226,000, was
ent to the Bank yesterday.
The letters of allotment of the Alhambra Com-
pany Were sent out yesterday.
The allotment letters of the Marine Mansions
C
°lttpany were posted yesterday.
to The last week's railway receipts ascertained up
%
this day are in round figures as under :
1865. 1864.
eat
N. Western £68,001 £64,917
•••• orth wen,••
Bout. ... 112,682 105,586

astern. 13righkidlaton •••
ucl
olith Eastern •••
Cheat Northern
Laecashir

21,194 19,465
... 20,175 17,079
... 48,107 45,748
... 20,748 18,936
... 39,276 36,850

38,820 33,792
re and Yorkshire ••• •••
tistol -and Exeter • *** ***
6,260 5,92 a
11°1111 Eastern
... 67,388 63,252
, allohester Sheffield, and Lincoln ..: 20,119 17,588
weat Eastern
32 077 81,027
L... •• • •• •
oudon, Chatham, and Dover ... ... 7,947 6,396
;Ileac returns, when compared with the correspond-
'ng Period of last year, show in most instances some
t,lrerY satisfactory features. On the Great Western
there is an increase of £3,084, on the North-Western
of £7,096, on the South-Western of £1,729, on the
Brighton
of £3,096, on the Midland of £2,359, on the
__South Eastern of £1,796, on the Lancashire and
Yorkshire of £5,028, on the Bristol and Exeter of
335, on the North-Eastern of £4,136, on the
'Xanchester, Sheffield, and Lincoln of £2,531, on
the Great Eastern of £1,050; on the London,
Chatham, and Dover of £1,551.
aAt the meeting of the Atlantic and Great Western
ailway Company, held this day, Sir Morton Peto,
,e chairman, stated that on his visit to America
," found the railway in a highly satisfactory state,
out recommended the shareholders to provide more
rolling stock. The proceedings terminated with a
vote of thanks to the chairman.

wo O'CLOCK.
At the Paris Bourse, this day, ac ording to Mr.
."'eater's telegram, the 3 per Cent. Rentes were
u 8 75—firm.
less Since the reduction in the rate of discount busi-
fhaa been quiet, few bills having been offered
the negotiation, but 6 per cent. is for the moment
ia,„.'"'n out of doors as well as at the Bank of Eng-
ex' The change has been so sudden, and in many
eollarFetere unexpected, that a further relaxationered is
td
is not improbable, and consequently there
inclination to borrow as little as possible.
-kaa*
he,,,irg, altogether are very quiet and indicate a
alts alto
tendency.
Ziai. Untied
firmness is recorded in the market for
1 - ish Funds, Consols being 89i i for money, and,
otherthe dividend, 88k f for the account. All the
, stocks are generally well supported.
beenihe dealings in the Railway Share Market have
Proven
to a fair extent, and prices generally have
DreWn all
uproar tent,
movement. Brighton have im-
4_°ved 58. North 'Western 108., and Great Western
%%outh Eastern each £l.
filightei„P°reign and Colonial lines are also at
and e enhanced quotations. South American
d
I,_ nnThardoVenetian have advanced 108., an
--iiist Lai
an 58.
Loaus
nn 10 °II Government Securities can be obtained
th Batik ereas,
e Owing to the measure adopted by
Pollowi„
the br• --g the movement of the Bank directors,d
their"nciPal bankers and bill-brokers have reduee
folio allowance of interest on deposit accounts, as
4 Zit', 'viz., 4i per cent. at call, 5 at 7 days, and
c11:1A _ 14 day's notice of withdrawal.
otQlearriean Securities are in slight request, and
5..0
..o.lc)ns are generally better. United States
Illih ."nds 18, 82•
are 63* 64-a- ; Erie Shares, 55i- ; and
k_•l°
..elre
Steel, I'4l alterations have occurred in Foreign
48) but little business has been transacted.