The Sun.
London, England, 1865-12-28 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLMENnE.

TWELVE O'CLOCK.
ADVANCE IN THE RATE OF DISCOUNT.
The minimum rate of discount at the Bank of
England has been raised from 6 to 7 per cent. This
advance has not occasioned any very great surprise,
although its adoption was not considered so likely
as during the two preceding Court 'days. At the
present time when money is required to provide for
past engagements, the commercial classes can less
afford to pay onerous terms for monetary accommo-
dation.

The progress of business in the tallow trade is
thus reviewed by Messrs. F. J. Smith and Charles :
In consequence of the holidays, there has been
little or no business doing for the last few days."
The last week's railway receipts, ascertained up
to this day, are in round figures as under:—

1865. , 1864.
Great Western ... ... £81,408 £75,357
North Western ... 135,713 120,570
South Western ... 29,762 26,170
Brighton ... ... 20,750 18,638
Midland 56,706 53,553
Great Northern ... ~. 46,474 40,818
Lancashire and Yorkshire 43,788 37,306
Bristol and Exeter ... 8,559 7,651
North Eastern -. 75,665 65,697
Manchester, Sheffield, and Lincoln 22,054 18,491
Great Eastern ... 40,042 86,823
London, Chatham, and Dover ... 10,346 8,194

These returns, when compared with those of
the corresponding period of last year, are generally
of a very satisfactory character. On the great
Western, there is an increase of £6,029 ; North
Western, £15,143; South Western, £3,592;
Brighton, £2,112 ; Midland, £3,153 ; Great
Northern, £5,656; Lancashire and Yorkshire,
£6,482 ; Bristol and Exeter, £9OB ; North Eastern,
£9,968; Manchester, Sheffield, and Lincoln, £3,563;
Great Eastern, £3,219 ; and London, Chatham, and
Dover, £2,152.

Two O'CLOCK.

According to Reuter's telegram the French
Three per Cent. Rentes were quoted at 68c. 12c.
Flat.

A decline of f per cent. has taken place in the
value of the Funds, consequent upon the advance
in the rate of discount. ConsOls for money are
87} 1, and for the account 871 1. The market
presents a very inert and depressed appearance.
The New Threes and Reduced Annuities are 861 1 ;
Exchequer Bills, 6s. to 3s. dis. ; India 5 per Cents.,
1021 ; Bank of England, 245.
Foreign Stocks have not undergone any material
alteration. Turkish 5 per Cents. are 421 f ; Mexi-
can, 241 ; do. New, 221 ; Greek, 15} 16 ; Spanish
Passive, 271 k ; the Certificates, 141 1; Italian,
641 j ; the Confederate Loan, 6f 7 ; and Brazilian
Scrip, lf 1 prem.
United States Government 5-20 Bonds are 64/1;
Erie shares, 56f 57 ; and Illinois, 801.

The operations in the Railway Share Market have
been very limited and chiefly in connection with the
settlement. In some instances, however, there has
been more firmness. North Eastern (Berwick),
Midland, and North Western have each improved
155., and Great Eastern 55., while South Eastern
declined ss.

The Foreign and Colonial lines remain without
change of importance.
Bank and Miscellaneous Shares generally remain
at about former rates. British Commercial Bonds
of Mexico are quoted 65 70 ; English and American
Bank, 11 2 prem. ; Atlantic and Great Western
Railway Mortgage Bonds, 14 prem. ; Charles
Lafitte and Company, 21 n prem. ; and London
•
Steam Towing Company, 1k 2 prem.

The following alterations have been made in the
allowance of interest on the deposit accounts by the
discount establishments, viz., from 4f to 5 per cent.
for money at call ; from 5 to 5f per cent. for seven
days' notice of withdrawal ; and from 5f to 6 per
cent. for 14 days' notice.

BRITISH FUNDS —ONE O'CLOCK.
GOVERNMENT FUNDS.
8 Per Cent. Consols
Do. Account, Jan. 9
3 per Cent. Reduced B6l 4
New 3 per Cent B6l 1
New 24 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 —
Exchequer Bills, £l,OOO, 3 per Cent. 3
Do. £5OO 6
Do £lOO and £2OO
Bank of England Stock, 5 per Cent
Do Account
INDIAN GOVERNMENT SECURITIES.
Indian Stock, 104 per Cent., AprillB74 —
Do Account -
Do. 5 per Cent. July, 1870
Do. 4 per Cent., Oct. 1888
Do. Certificates —
Do. Enfaced Paper 4 per Cent —
Do. 5 per Cent., Jan. 1872
Do. 54 per Cent., May 1879 —
Do. 4 per Cent., Aug. 1866 —
Do. Bonds, £l,OOO —
Do. under £1 000 — pm
FOREIGN FUNDS —ONE O'CLOCK
Austrian Bonds, 5 per Cent, 1859 —
Brazilian 5 per Cent —
Do. 44 per Cent., 1852-58-60
Do. 1863
Do. 1865 75
Do. Scrip, £25 paid
Buenos Ayres 6 per Cent —
Do. Account —
Do 1 per Cent. (Deferred 3 per Cent )
Chilian 44 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 —
Zgyptian 7 per Cent. —
Do., Second Issue —
Do £lOO Bonds --
Do. 1864 914
Do £lOO Bonds
Greek 5 per Cents., 1824-5, ex Coupons
Do. Account
Do. Coupons
Do. Account —
tmatemala 5 per Cent. —
Do £B6 paid —
Do. 1839 and 1850 —
Italian 5 per Cent, 1865
Do. Account
Do. Maremmana Railway —
'Do Scrip, £674 paid —
per Cent., 1864 —
m-exican 3 per Cent
Do. Account
Do 1864 224
1)0 6 per Cent. Anglo-French
Do French Scrip, Ex. 25f 20c —
410ntevidean 6 per Cent., £3O paid
°a.,,, oorish Imperial 5 per Cent —
New Granada —
Do 2 per Cent
Do Deferred
Do Land Warrants (Hectares)
PDo. 6 per Cent, 1864 —
~, Do Guaranteed, 4 per Cent —
eruvian 44 per Cent
Do. Account
Do Scrip, £45 paid, paid in Bonds
Do 3 per Cent. (Uribarren)
, Do 4} per Cent., 1862
c ortuguese 3 per Cent., 1853
Do 3 per Cent., 1856, '7, '9, '6O, '62, '3,
~ Do. Account
4ussian 5 per Cent., 1822, £ St 9O
Do 4} per Cent. 1850
D 0 44 per Cent., 1860
Do 3 pez Cent. 1859
1-10 5 per Cent. 1862 —
▪ Do 5 per Cent. 1864 —
.ardinian 5 per Cent
e 130 Account ., —
Panish 3 per Cent
Ditto account
Do New Deferred
Do Account
Do Passive 274 •
▪ Do Account
''''l'anish .of Coup not funded
De Account —
'Wedish 4 per Cent.
bo. 4} per Cent. 1864
t UrkiBh 6 per Cent. 1854 —
1)12103 3 Account —
.L.,,t( G B
pzuCnetnt. 1858
_
uo £looBonds
1.)
)210. 14 per Cent
eO 6 per Cent. 1862
0 Account
1)0 £lOO Bonds —
72 4
DO
6 per Cent., 1863 —
V' 5 per Cent. 1865
..,I''',3o A.SccrCloriit £35
paid
424 4
D° X1(0 Bands
Ve4Q• 4 Per Cent. Guaranteed —
ezuela 3 per Cent.
ALisi. Dividends on the above payable in London.
BelPr'nl 5 per Cent., Ex. 10 Florins
1)14.t24, 44 per cent., E.• 25L
13,u 4 Iser nt., Ex. 12 Gull -
F •4 cr Cent. Certificates
/ rich
-,tEtija ntes 3 per Cent.
4 5 per Cent., 1861, Ex. 25f.
00115018 for TWO O'CLOCK.
r money
—v. 49oount,