The Sun.
London, England, 1865-09-23 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

TWELVE O'CLOCK.

In the general discount market there is a very
active demand for money, and the rate, for even the
best bills, is fully 4 per cent.
A further sum of £45,000 in gold was taken into
:the Bank yesterday.
The directors of the Great Western of Canada
have recommended a dividend at the rate of 2 per
cent. per annum out of the half-year ending 31st
July, and to carry forward the balance of £3,265 to
•
the next account.

The Erie Railway Company, through Messrs.
J. S. Morgan and Co., have invited applications
for an issue of-EBOO,OOO sterling bonds, bearing in-
terest at 6 per cent. at the price of £75, repayable
at £lOO at the end of ten years. The bonds are to
be convertible at any time within that period
at the option of the holder into ordinary
stock of the company at the rate of five
shares of $lOO for every £lOO bond. The price
of £75 per £lOO bond is payable by instalments as
under :-15 on application, £5 on allotment, £l5
on the 28th October, £l5 on the 20th November,
£l5 .on the 20th December, and £2O on the 15th
January, 1866. Taking into consideration that
Ouse bonds are redeemable in 1875—i.e., ten years
hence—at £lOO the emission price of £75 after
deducting the allowance of discount on prepayment,
and the interest on the bonds from the Ist instant,
is reduced to £6O, paying therefore to immediate
investors 10 per cent. per annum. There is, beyond
this, the very great advantage of the option of con-
version of each bond into five of the existing fully
paid-up shares, at any period during the whole term
of 10 years. The contract for the operation also con-
tains a spacial clause, precluding the company from
overriding the •present issue of bonds by the crea-
tion of any subsequent security. The price on the
Stock Exchange is 2 prem., and the operation has
been favourably received. .;

Two O'CLOCK.

At the Paris Bourse this morning, according to
Reuter's telegram, the 3 per Cent. Rentes were
68f. 50c.

Consols have closed this afternoon at a decline of
1 per cent., and the market as well as the other de-
partments of the house has exhibited a very quiet
appearance. The latest prices are 89k for money,
and 89i for the account. There has been almost
an entire absence of speculation, and the invest-
ments, as usual on Saturday, have been very limited.
American Securities continue to be very popular,
with every probability of b ecoming more so in the
course of the next few weeks.

In the Foreign Market business is very dull, and
prices are almost unaltered. Turkish 6 per Cents.,
1862, are 741 8 ; do. Consolides, 49i 508 ; Mexi-
can, 25 4 ; do. New, 24 -f ; Greek, 21 f ; Spanish
Passive, 291 308 ; do. Certificates, 141 s ; Confe-
derate Loan, 7 8.

In the Railway Share Market there has been very
little animation, and prices have generally shown
less firmness. Great Northern A Stock has declined
Metropolitan 155., South Eastern 10s., and
Lancashire and Yorkshire, and North Western each
ss.

) BO
'joy
fled

The Foreign and Colonial lines are without any
malterial alteration in respect to prices.
Bank and Miscellaneous Shares are in very mo-
derate request, and exhibit little change in values.
Alliance are marked 32 ; London and County, 773- ;
Union of Australia, 55 ; International Financial,
61 ; and London Financial, 23i ; Overend,
Gurney, and Company are quoted 41 prem. ; and
Transatlantic Steamship, 21 24 prem.

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BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT FUNDS.
8 per Cent. Consols
Do. Account, Oct. 10
o per Cent. Reduced 874 t
New 3 per Cent B7l I
New 21 per Cent. Jan. 1894 —
Do. a 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 —
Exchequer Bills, £l,OOO, 3 per Cent.
Do. .f. 500
s• 3 die
Do £lOO and £2OO
Bank of England Stock, 5i per Cent 250
Do Account —
INDIAN GOVERNMENT SECURITIES.
Indian Stock, 10k per Cent., April 1874 217

Do Account - -
Do. 5 per Cent. July, 1870

Do. Account

Do. 4 per Cent., Oct. 1888

Do. CJrtificates —
Do. Enfaced Paper 4 per Cent
Do. 5 per Cent., Jan. 1872
Do. 5i per Cent., May 1879 —
Do. 4 per Cent., Aug. 1866 —
Do. Bonds, £l,OOO 22
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
Buenos Ayres 6 per Cent
Do 1 per Cent. (Deferred 3 per Cent )
Chili= 6 per Cent —
Do. 44 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.
Do.,
Do Second Issue
Do £lOO Bonds '
Do. 1864 96 1 6
Do £lOO Bonds
Greek 5 per Cents., 1824-5, ex Coupons
Do Account 2l
Do. Coupons —
Guatemala 5 per Cent.
Do £B6 paid —
Do. 1839 and 1850 —
Italian 5 per Cent (Maremmana Railway)
Do 1865
• Do Scrip, £674 paid —
Do 5 per Cent., 1864 —
Do. Scrip, £55 paid
Mexican 3 per Cent
Do. Account
Do 1864
DO 6 per Cent. Anglo-French 514
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 44 per Cent
Do Scrip, £45 paid, paid in Bonds
Do 3 per Cent. (Uribarren) —
Do 4/ per Cent., 1862
Do. Account —
„
'`-'3rtnguese 3 per Cent., 1853 _
Do Account —
Do 3 per Cent., 1856, '7, '9, '6O, '62, '3, 46i
Do. Account
\n, ,„
'Russian 5 per Cent., 1822, £ St —
I Do 44 per Cent. 1850
Do 3 pei Cent. 1859
Do 44 per Cent., 1860
Do 5 per Cent. 1862 924
, Do 5 per Cent. 1864 _
elardinian 5 per Cent
Do Account
'''Panish 3 per Cent
Do Account
D 0 New Deferred —
Do Account
.„-uo Passive —
0 AccOunt
e 1•1
• Da°, ish Cert. of Coup not funded
Do Account 144
Swedish 4 per Cent. —
. Do Account
--
41 per Cent. 1864
• D
erkish 6 per Cent. 1854 __
j::°° Account
D —
• b 0 Arco Cent. 1858
...,0 unt
i ' DO £lOO Bonds
3e. li• per Cent
a . Do .g
per Cent. 1862
to„Do Account 74 4
110 £lOO Bonds
Jft Do •
D., 6 per Cent., 1863
ea •,-,`" 5 per Cent. 1865
of 4-,0 £ICO Bands -
id,°"Scrip, £35 paid
lair v'-'0 Guaranteed 4 per Cent
~,
• enezuel 3 ' - -
!) a per Cent. —
Do.
atri , _ Account
"0. 6 Per Cent, 1864 —
fjll' 614
biog i rist_, Dividends on the above payable, in London.
life teuitgephaal; 5 per Cent: Ex. 10 Florins
'1,21.41 per cent., Ex. 25f.
,f tl'e
prue:h4 per Cent., Ex. 12 Gail —
_per Cont. Certiticabes
pa 1°
DO. AlteCCOntellB)
OW'
• nin_o.S per Cent.,
41 Per Cent. —
05 tV It le •
1861, Ex. 25f.
11'14 -••'0 Account —
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Do. Account .. B9i
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iiverpool Cotton Market —This Day•

ket very sirong. Sales probably 30,000 bales