The Sun.
London, England, 1865-08-03 00:00:00

XONEY MARKET

AND

COMIVOICIAL INTELLIGENCE,

TWELVE O'CLOCK.
ADVANCE IN THE BANK RATE OF DISCOUNT
The directors of the Bank of England have raised
their minimum from 31 to 4 per cent.—a measure
not generally anticipated. Still, as the private
bankers and brokers, shhwed their reluctance to
negotiate mercantile paper at less thsn 3} per cent.,
there was a pressure upon the national establish-
ment, which is always preferred when no advantage
Can be obtained in other quarters ; and the autho-
rities, as will no doubt be shown by the Gazette re-
turns this evening, have acted judiciously in the
movement they have adopted. Perhaps it would
have been better if they had made their
Previous advance one instead of one-hall
Per cent. ; but, at the same time, it was
quite reasonable to suppose that the tendency of
affairs at that period might not continue. Though
many may consider the rise inimical to the corn-
itercial community, the reverse is probable, since
the recent cheapness of money has indicated adver-
sity instead of prosperity, as will be seen by the
Board of Trade Returns. With the close of the
American war enterprise between this country and
New York is likely to be developed to an enormous
degree, and already arrangements are making which
are no doubt operating upon the value of money.
If, therefore, business is reviling, it is a matter of

Congratulation rather than otherwise, merchants
- and others will have to pay more for the accommo-
dation they require to widen their operations at
home and abroad.
The discount market remains in a very quiet
State, little or no business having been negotiated
since the alteration has been announced.
The joint-stock and private discount firms have
made a proportionate advance in their allowances
on deposit accounts. The National Discount Com-
pany, Messrs. Alexander Cunliffe's and Co.,
Overend, Gurney and Co., &c., will give 3 per
Cent. for money at call, 31 per cent. for seven days'
notice of withdrawal, and 3k per cent. for 14 days.
The joint-stock banks will allow 3 per cent., the
London and Westminster as usual making the ex-
ception for sums under £5OO, for which they will
°nly give 2 per cent.
The report to be presented to the shareholders at
their half-yearly meeting of the London and County
/3ank: states that the net profit to the 30th June,
after deducting interest to customers and payment
of all charges, and making provision for bad and
doubtful debts are £106,821. This added to the
amount brought forward from last account makes a
total of £125,450 for appropriation. The directors
Propose to declare the usual dividend of 6 per cent,
With a bonus of 9 per cent, making 15 per cent for
the half-year, leaving £13,660 to be carried for-

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

1865. 1864
bGreat Western ... •.. ... £76,777 £77,322
orth Western ..• ••• ••• 120,252 121,411
il°!lth-Western ••• •.• ... 31,663 29,907
29,934 29,069
Ali ?cf. '(Hand • • • • : : : : 50,868 49,183
Eastern• •••
30,487 30,295
treat Northern ... 38,922 38,603
i".ystcoaishirei and Yorkshire
7411,5796.0,
6483,545783
10. and Exeter ..• 8,259 8,088
Dortli Eastern —•
„44neliester, Sheffield and Lincoln 20,398 19,274
"'reat Eastern' • . •
• • • .•
37,021 34,635
Illese returns, •
when compared with those of the
eoll'esponding period of last year, are generally of
there
character. On the Nor ch-Western
is an increase of £3,841, on the South-Western
of £1,756, on the Brighton of £865, on the Midland
of
.t 1,685 on the South-Eastern of £192, on the
Yorkshire
Northern of £319, on the Lancashire and
Q-Lorkshire of £1,087, on the Bristol and Exeter of
hj 71, on the North-Eastern of £3,234, of £3,234,0n the
, Sheffield, and Lincoln of £1,151, and

on the Great Eastern of £2,389. The Great Western,
however, shows a decrease of £545.

The biddings for bills on India took place yester-
afternoon at the Bank of England. The proportions
allotted were—to Calcutta, £163,500 ; to Madras,
£2,000 ; and to Bombay, £lOO,OOO. The minimum
price was as before—is. lOid. on Calcutta and
Madras, and is. 104 d. on Bombay. Tenders on
Calcutta and Madras at ls. nil will receive about
75 per cent., and on Bombay at ls. 110., about 70
Per cent. These results show a diminution within
the past fortnight of the demand for means of remit-
tance to the East.

Two O'CLOCK.
At the Paris Bourse this morning, according to
Reuter's telegram, the 3 per Cent. Rentes were

67f. 75c.

The English Stock Market has been subjected to
a fractional fluctuation. As soon as the announce-
ment was made that the Bank rate had been ad-
vanced a decline at once occurred in the Funds. A
firmer tone, however, has since prevailed, and Con-
sols are 89i 90 for money, and 90 for the Septem-
ber account.

Foreign Stocks have also slightly recovered since
the opening of the market. Turkish Consolides
are 494 a ; Mexican, ex all, 231 ; New Loan,
22-1 23/ ; Greek, 201 21; Spanish Passive, 281 ;
Certificates, 13/ 4 ; Italian, 64 ; and the Confe-
derate Loan, 7 9.
In American Securities there has been a little
more business, and quotations were fractionally im-
proved. United States 5-20 Bonds, 68 k ; Erie
shares, 534 544 ; and Illinois, 79f f.
In the Railway Share Market, the dealings have
been to a moderate extent, but prices, with one or
two exceptions, have given way. Metropolitan have
declined £1 155.; Great Northern A Stock, £1 ss. ;
Brighton, £1 ; Midland, 10s. ; and Great Western,
ss. ; while Great Eastern have improved ss. ; and
,North Western, 15s.
The Foreign and Colonial lines remain inactive
at about former values.

Bank and Miscellaneous shares have continued in
fair request, and prices generally remain steady.
Union of London are dealt in at 524 ; London and
County, 75i 76 ; Alliance Bank, 29 ; Fore-street
Warehouse, 9! ; and Ottoman Financial, 84.
Subjoined are the current quotations of some of
the principal new undertakings : —Hodges' Dis-
tillery, 1 14 prem. ; Anglo Greek Steam Navigation
Company, 14 21 prem. ; General Exchange Bank,
14 24 prem. ; Marseilles Extension Railway and
Land Company (Limited), 14 21 prem. ; the New
Issue of 50,000 Preference Shares of £5 each of the
Atlantic Telegraph Company, -a 4 dis. ; Northern
Assam Tea, par 4 prem. ; Chubwa Tea, par 4 pm. ;
Albert Bridge, 1 11 prem. ; Massa Carrara Marble,
2 24 prem. ; Downs Docks, 1 14 prem. ; London
Quays, ! I dis. ; British India Trust and Agency
Corporation, 1 14 prem. ; Overend, Gurney, and
Company (Limited), 14 prem. ; London Bridge
Land, k pm. ; International Sugar Refinery, !11
prem.

BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT FUNDS.
3 per Cent. Consols
Do. Account, Aug. 8 9O 891
6 per Cent. Reduced B9l 1 1
New 3 per Cent. B9l 1 1 1
New 21 per Cent. Jan. 1894
Do. 5 per Cent. Jan. 1873 lO5
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 & 31 per Cent —
Do. £5OO 3
Do. £lOO and £2OO
Bank of England Stock, 5i per Cent 247 6 8
Do Account . —
INDIAN GOVERNMENT SECURITIES.
Endian Stock, 10 per Cent., AprillB74 217 18
Do• Account
Do. 5 per Cent. July, 1870
Do. Account
Do. 4 per Cent., Oct. 1888
Do. Certificates —
Do. Enfaced Paper 4 per Cent —
Do. 5 per Cent., Jan. 1872
Do. 51 per Cent., May 1879 lOO
Do. 4 per Cent., Aug. 1866 —
Do. Bonds, £l,OOO —
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 .
-
Do.£B6paid
Equador New Consolidated, 1 per Cent —
Do., Provisional Land Warrant —
Egyptian 7 per Cent
Do., Second Issue 971
Do £lOO Bonds
Do. 1864 94i / I
Do £lOO Bonds
Greek 5 per Cents., 1824-5, ex Coupons
Do Account —
Do. Coupons
Do. Account
Guatemala 5 per Cent. —
Do. 1839 and 1850 —
Italian 5 per Cent (Maremmana Railway)
Do 1865
Do Scrip, £67-1- paid
Do S per Cent., 1864
Do. Scrip, £55 paid
Mexican 3 per Cent.
Do. Account
Do 1864
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
Do 2 per Cent
Do Deferred
Do Land Warrants (Hectares)
Peruvian 4/ per Cent.
Do Scrip, £45 paid, paid in Bonds — dis
Do 3 per Cent. (Uribarren) —
Do 4/ per Cent., 1862
Do. Account
Portuguese 3 per Cont., 1853

Do -Account- —
Do 3 per Cent., 1856, '7, '9, '6O, '62, '3,
Do Account 47/ }
Kussian 5 per Cent., 1822, £ St~
Do 4} per Cent., 1850
Do 1860
Do 3 per Cent., 1859
Do 5 per Cont., 1862
Do 1864
Sardinian 5 per Cent —
Do. Account
Spanish 3 per Cent —
Do Account 47}
Do New Deferred —
Do Account 3B/
Do Passive
Spanish Cert. of Coup not funded

_
Do Accottnt
Swedish 4 per Cent. —
Do. 41 per Cent. 1864
Turkish 6 per Cent. 1854 —
Do Account
DDDE
,DDDD
00000 o: .
As£s66£6l:llppeiiiopeoporrrure,
BBCCCnrc.innnnnnestatdt
tn...
Bonds
1858
:1118a88i66d6523 _
73
731 4
D 0441
dis
Do Guaranteed, 4 per Cent 991 100
Venezuela 3 per Cent. —
Do. Account
Do. 6 per Cent, 1864
Do Account
Dividends on the above payable in London.
Austrian, b per Cent., Ex. 10 Florins
Belgian, 41 per cent., Ex. 25f.
Dutch 2i per Cent., Ex. 12 Guil 63
Do. 4 per Cent. Certificates 9Bl
French Rentes, 41 per Cent.

Do Account
Italian per Cent., 1861, Es. 25f.
Do. Account
THREE O'CLOCK.
Consols
Do. Account - 90
Do. Sept. 9o}

Liverpool Cotton Market—This Day.

Market very quiet. Sales probably 5,000 or
6,000 bales.

The Journal (le Peronne states that an attempt to
murder, followed by suicide, was committed three
days since at Ham (Somme). A young labourer
name Lente, aged 19, who was married only a few
months since, had behaved so ill to his wife that she
left him and entered the service of M. Line, receiver
of taxes in the town. Her husband went to her,
and, failing to persuade her to return home, dis-
charged at her a double-barrelled pistol loaded with
small shot, inflicting wounds, which, though severe,
are not likely to prove mortal. Tho man was
arrested on the spot, and taken to the lock up at
the police-station ; but during the night he hanged
himself with his handkerchief to the handle of the
window, and was found quite dead the next
morning.