The Sun.
London, England, 1865-11-16 00:00:00

MONEY MARKET

AIM

COMMERCIAL INTELLIGENCE,

TWELVE O'CLOCK.

The Bank of England directors have not made
any alteration in the rate of discount, which con-
tinues at 7 per cent. The demand is not very
active, but the quotations out of doors are firm, in
consequence of the small supply of capital at the
Command of brokers and others. Exceptional ope-
rations, however, take place at 6-2- per cent., thus
indicating the easier tendency of affairs.
The new Austrian loan for £10,000,000 is not, as
was originally supposed, to be brought forward in
this market. It is to be introduced at Paris and
Frankfort by the Comptoir d'Escompte and the
Vienna Credit Foncier.
Messrs. J. H. Schroder and Co. have announced
the half-yearly interest on the Cienfuegos and
Villa Clara (Cuba) Railroad 7 per Cent. Bonds.
It is stated that the conversion of the internal
debt of the Ottoman empire had reached nearly
£21,000,000 sterling yesterday evening.
The General Credit and Finance Company of
London have received a communication from the
Itriperial Ottoman Government, of which the fol-
lowing is a translation

CONVERSION AND UNIFICATION OF THE INTERNAL DEBTS OF

THE OTTOMAN EMPIRE.
(Official Notice.)
The Imperial Government taking into consideration the
circumstances which have impeded the progress of the
conversion, principally the cholera, which has scourged
Constantinople, and the unforeseen delay in the fabri-
cation of the General Debt, has determined not to en-
fcrce the reduction of 10 per cent. which was applicable
'll virtue of the terms of the Article 11 of the Law of the
19th (31st) March, 1865, to the securities presented for
conversion after the period of three months, and during
the second period of one month and a half, determined by
said article.
In consequence the securities of the internal debt will
continue to be received for conversion without reduction
P to the 19th (31st) December, 180, on the same terms,
In the same form, and at the same places as before.
At the expiration of this last period the operations of the
cooversion will be closed irrevocably.
Five days after the definitive closing the coupons for in-
terest due on the non-converted securities will be paid at
ecnetantinople, and the bearers will be entitled to interest
°II those coupons from their due date to the day of pay-
kent at the rate of 6 per cent. per annum.

(True copy.)

(Signed) Anne, Commissioner.
Nov. 15, 1865.
The last week's railway receipts ascertained up
to this day are in round figures as under :
Great Western
... 1865. 1864.
North Western ... £69,288 £67,988
,tiouth Western ... 110,624 104,355
21,563 20,136
4_rihton -"•• 20,692 17,762
'jidland •
." ••• ... 48494 46,325
La?south Eastern ~. ... 22,349 20,853
teat Northern ... 86,786 37,918
at
and Yorkshire ...
63969:,537805375
63465:,402430786
13vristol. and Exeter ••• ***
Manchester
Eastern
(11411 chester Sheffield and Lincoln ... 20,400 17,340
I:treat E„„i,„',,„ 32,599 80,400
''• 8 043 6 946
Mon, Chatham, and Dover ... •••
These returns, when compared with 'those of 'the
41Teeponding pericd of last year, are generally of a
~
there
satisfactory character. On the Great Western
"re is an increase of £1,300, on the North-Western
(11 £6,269, on the South-Western of £1,427, on the
1011th
of £2,930, on the Midland of £2,169, on the
Eastern of £1,496, on the Lancashire and
esk4hire of £4,549, on the Bristol and Exeter of
AC') on the North-Eastern of £5,750, on the
thallehester, Sheffield,-and Lincoln of £3,060, on
ejelgreat Eastern of £2,199, and on the London,
I\iatilare, and Dover of £1,097 ; while the Great
",;thern show a decrease of £1,132.
da biddings for bills on India took place yester-
eat the Bank of England. The proportions
,ti°tted were : to Calcutta £253,800, to Madras
Dec and to Bombay £lOO,OOO. The minimum
: was, as before, Is. 114 d. on Calcutta and
ea,-,'"ae, and is. Hid. on Bombay. Tenders on
on ttoutta and Madras at 2s will receive in full ; and
"
th„, °le
Prices llbay at 2s. Ofd., about 20 per cent. above
in full.

Two O'CLOCK.
At the
,Paris Bourse, yesterday, according to Mr.
'er telegram, the 3 per Cent. Rentes were

1):`,8°Ille quarters there is now a little more do-
te-'4u for discount accommodation, but the market
"baits firm and quiescent.
'-here is an improvement in the value of Consols,
etixe latest prices being 891 for money, and 88
1,411., for the account. Transactions have been
lat„ Illitnerous, and there is a disposition to specu-
Art- 'or an advance. The New Threes and Reduced
nuities are well maintained at 87i. ; Bank of
Valid Stock is quoted 248 250 ; India Stink, 216

219, showing, at least, a rise of 10s. Indian Secu-
rities show no alteration, and very few dealings have
been recorded. The firmness of monetary transac-
tions has a slightly depressive influence on Exche-
quer Bills.

Foreign Stocks are also buoyant. Turkish Con-
solides are 478 ; Mexican have improved—the ex
all Bonds are a better, at 261 -I, and the New -I, at
25k ; Greek have also risen 1, to 14 ; Spanish
Passive are 281 ; and the Certificates 13i ; Ita-
lian, 64 4 ; Confederate Loan, 8 10 ; and Brazilian
Scrip, 24 4 prem.

American Securities remain at about previous
prices. United States 5-20 Bonds are 631 4 ; Erie
Shares, 53 54 ; and Illinois, 811 .
Business in the Railway Share Market has con-
tinued very quiet, and several of the principal lines
have been dealt in at reduced rates. Great Western
Lancashire and Yorkshire, and North-Western
have each declined 55., and Metropolitan, £l.
The Foreign and Colonial undertakings are also
depressed. Ottoman haVe receded k ; Great
Western of Canada, ; Grand Trunk of Canada,
1; and East Indian, 1. .

Bank and Miscellaneous Shares are quiet, and
without material change as regards values. Char-
tered of India, Australia, and China, are dealt in
at 24 ; London Joint Stock, at 50i ; Imperial Mer-
cantile Credit, at 71 ; and Overend, Gurney, and
Company, at 22i Credit Foncier and Mobilier
of England old shares are quoted 3131 prem. ex
all, and the New at 3f prem. ; St. Saviour's
Wharf, 1i 2 prem. ; Transatlantic Steamship, par
prem ; Pennsylvania Lubricating Oil Lands Co.,
3 3i prem. ; Real Estate, 3 4 prem. ; and Fred.
Symonds and Co., 1 1k prem.

BRITISH FUNDS-CLOSING PRICES.

GOVERNMENT FUNDS.
8 per Cent. Consols
Do. Account, Dec. 7 BBk
3 per Cent. Reduced B7i
New 3 per Cent B7f
New 2i per Cent. Jan. 1894 —
Do. 5 per Cent. Jan. 1873 —
Annuities, 30 yrs, expire sth Jan., 1880
Do. for 30 yrs, expire sth April,lBBs —
Do (Red Sea Telegraph), Aug., 1908 r..—

March June
Exchequer Bills, £l,OOO, 3 &3k per Cent. 8 dis
Do. .£5OO 4 dis
Do ;.£lOO and £2OO
Bank of England Stock, 5f per Cent 248 50
Do Account : —
INDIAN GOVERNMENT SECURITIES.
Indian Stock, 10k per Cent., AprillB74 216 19
Do Account
Do. 5 per Cent. July, 1870
Do. Account
Do. 4 per Cent., Oct. 1888
Do. CertificateS
Do. Enlaced Paper 4 per Cent —
Do. 5 per Cent., Jan. 1872
Do. 5i per Cent., May 1879
Do. 4 per Cent., Aug. 1866 —
Do. Bonds, £1,000..
Do. under £l,OOO ..
FOREIGN FUNDS—CLOSING PRICES.
Austrian Bonds, 5 per Cent, 1859 —
Brazilian 5 per Cent —
Do. 44 per Cent., 1852-58-60
Do. 1863
Do. 1865 - 6
Do. Scrip, £l5 paid ~ — pm
Buenos Ayres 6 per Cent
Do 1 per Cent. (Deferred 3 per Cent.)
Milian 6 per Cent —
Do. 3 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
Do Account
Equador New Consolidated, 1 per Cent —
Do., Provisional Land Warrant —
Egyptian 7 per Cent 93i 2f
Do., Second Issue —
Do £lOO Bonds —
Do. 1864 9l
Do £lOO Bonds
Greek 5 per Cents., 1824-5, ex Coupons
Do. Account —
Do. Coupons
Do Account 6l
civatemala 5 per Cent. —
. Do .£B6 paid —
Do. 1839 and 1850 —
Italian 5 per Cent (Maremmana Railway)
Do 1865
Do Account
Do Scrip, £67k paid
I[ Do .5 per Cent., 1864
Mexican 3 per Cent
Do. Account
Do 1864 24i q
Do 6 per Cent. Anglo-French
Do Emrich Scrip, E._ 9.5 f 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. Account —
Do Scrip, £45 paid, paid in Bonds
Do 3 per Cent. (Uribarren) —
Do 41 per Cent., 1862
Portuguese 3 per Cent., 1853
Do 3 per Cent., 1856, '7, '9, '6O, '62, '3, 46 1
Do. Account
Russian 5 per Cent., 1822, £ St —
Do 4f per Cent. 1850
D 3 4* per Cent., 1860
Do 3 pet Cont. 1859 —
Do 5 per Cent. 1862 B9 f
Do 5 per Cont. 1864
Sardinian 5 per Cent
Do Account
Spanish 3 per Cent
Ditto account
Do New Deferred
Do Account..,
Do Passive..,
Do Account
Spanish Cert. of Coup not funded
Do Account —
Swedish 4 per Cent. —
Do. 4k per Cent. 1864
Turkish 6 per Cent. 1854 —
Do Account —
Do 6 per Cent. 1858
Do Account
Do £lOO Bonds 79
Do. 11 per Cent
Do 6 per Cent. 1862
Do Account
Do £lOO Bonds
Do 6 per Cent.,1863
Do 5 per Cent. 1865 —
Do Account
Do .£1(0 Bands
Do Scrip, £35 paid —
Do Guaranteed, 4 per Cent
Venezuela 3 per Cent.
Do. 6 per Cent., 1862
Do. Account —
Do. 6 per Cent, 1864 361
Dividends on the above payable in London.
Austrian, 5 plw Cent., Ex. 10 Florins -
Belgian, 4k per cent., Ex. 25f.
Dutch 2+ par Cent., Ex. 12 Guil —
Do. 4 per CM. Certificates
French Rentes 4± per Cent. —
Iralian 5 per Cent. ,1861, Ex. 25f.
Do Account

- pm

~ 76

37/ I

74} /
75 6

THREE O'CLOCK
Consols for money B9+ i
Do. Account