The Sun.
London, England, 1866-03-15 00:00:00

MONEY MARKET

AND

COMMERCIAL tP:i TEL LIGENCat.

TWELVE O'CLOCK.
REDUCTION IN THE BANK OF ENGLAND RATE

OF DISCOUNT.

The directors of the Bank of England have re-
duced their rate of discount from 7 to 6 per cent.

The event has occasioned but little discussion as the
measure had generally been expected, and there is
now a well-founded hope that with the easier con-
dition of the money market trade will be largely
and profitably expanded.

In the open money market the inquiry for accom-
modation is very moderate, and the charge of the
brokers has been reduced to 5i per cent. for the
best short-dated paper.
The last week's railway receipts, ascertained up
to this date, are in round figures as under

1866. 1865.
Great Western £64,015 £61,554
North Western ... ... 105,418 99,911
South Western ... ... 21,300 20,082
Brighton ... ... 16.251 15,168
Midland ... 48,539 44,789
South Eastern ... ... 19,071 17,551
Great Northern ... 33,765 33,640
Lancashire and Yorkshire 42,780 37,260
Bristol and Exeter ... ... 5,880 5,582
North Eastern ... ... 64,474 59,066
Manchester, Sheffield, and Lincoln ... 19,648 17,584
London, Chatham, and Dover ... ... 7,840 6,748

These returns, when compared with those of the
corresponding period of last year, show some very
satisfactory results. On the Great Western there
is an increase of £2,461, on the North Western of
£5,507, on the South Western of £1,218, on the
Brighton of £1,083, on the Midland of £3,750, on
the South Eastern of £1,520, on the Great North-
ern of £125, on the Lancashire and Yorkshire of
£5,52 0, on the Bristol and Exeter of £298, on the
North Eastern of £5,480, on the Manchester, Shef-
field, and Lincoln of £2,064, and on the London,
Chatham, and Dover of £1,092. The Great
Eastern, however, shows a decrease of £1,300.

Two O'CLOCK.

According to Reuter's telegram the French
Three per Cent. Rentes were quoted at 69f. 67c.
Quiet.

The following are now the rates for money on
deposit accounts :-4* per cent. for money at call,
5 per cent. for seven days, and 51 per cent. for
fourteen days' notice of withdrawal. There has
been very little animation in the English Stock
Market. Prices generally show no important
alteration, but the Funds continue firm. Consols
are 878 1 for money, and 871 f for the account.
The New Threes and Reduced Annuities are 85* 1 ;
Exchequer Bills, par ; India Stock, 208 ; and ditto
5 per Cents., 1028 !
Foreign Stocks have been dealt in to a rather
large extent, and prices generally exhibit firmness.
Turkish 5 per Cents. are 381 ; Mexican, 221 4 ; do.
New, 201 21 ; Greek, 15} 16 ; Spanish Passive,
2g 4 ; the Certificates, 161 8 ; Italian, 61* 4 ; the
Confederate Loan, 68 ; Brazilian Scrip, 28 prem.
Egyptian Railway Scrip, j 1 prem. ; and Chilian
Loan, 21 3* prem. United States Government
6-20 Bonds, 718 1; Erie Shares, 57i ; and
Illinois, 801 8.
Business in the Railway Share Market has been
more animated, and prices generally are a shade
higher. Great Eastern, Lancashire and Yorkshire,
and South Western have each improved ss. ;
Brighton, 10s. ; and North Western, 15s.
The Foreign and Colonial lines remain without
Change of importance.
Bank and Miscellaneous Shares continue in
moderate request, at, in some instances, rather im-
proved prices. Alliance are dealt in at 288 ; Lon-
don and County, at 76f ; London Financial, at
10/ ; National Discount Company, at 14 14 ;
Joint Stock Discount at 108 dis. ; and Overend,
Gurney, and Co., at 171 8 ; Anglo-American Tele-
graph Company shares are quoted f prem.

BRITISH FUNDS—ONE O'CLOCK,
. GCVERNMENT FUNDS.
8 Der Cent. Consols ... B7l 1
Do. Account, April 5
per Cent. Reduced B5l 1
ew 3 1
per Cent Bs} 1
New 2 per Cent. Jan. 1894 —
A Do. 5 per Cent. Jan. 1873 —
"la.,.,luities, 30 yrs, expire sth Jan., 1880
"0. for 30 yrs, expire sth April, 1885 —
~,' Do (Red Sea Telegraph), Aug., 1908 —
'hequer Bills, £l,OOO, 3 per 'Cent. —
Do, £5OO par
p DO £lOO and £2OO
"allic of England Stock, 5 per Cent
MAN GOVERNMENT SECURITIES.
1b.1,-•
--,—...c Stock, 101 per Cent., AprillB74 2OB
"0. 5 per Cent. July, 1870
Cent., Oct. 1888
"0. Certificates —
Do. Enfaced Paper 4 per Cent
Do. 5 per Cent, Jan. 1872
. 5i- per Cent., May 1879 —
Do. Deb., 4 per Cent., Aug. 1866
DO. Bonds,£l,ooo —
"0, under £l,OOO
braziliauFsOßElGN FUNDS—ONE O'CLOCK.
Argentine Republic, 6 per Cent., £l5 pd — pm
Austrian Bonds, 5 per Cent, 1859
per Cent 97
DO. dii- per Cent., 1852-58-60
Do. 1863
~., Do. 1865 —
DO Account 741 xd
D Do. Scrip, £35 paid
"nenoe Ayres 6 per Cent
D,O. Account
,"0 £ICO Bonds
Cu, ...Li(' 1 per Cent. (Deferred 3 per Cent )
Nivalian 3 per Cent
00D 41 per Cent r—
t,nibtan 6 nor Cent.
ilbe, 6 per Cent.'
knish 3 n
Per Cent.,
b& tibia . P
uubtarincipalitieslB2s —
tki
D 0 'Ac , COUn 4
, Ilador New Consolidated, 1 per Cent —
E °.? Provisional Land Warrant
V,Ptian 7 per Cent —
"0., Second Issue —
Do £lOO Bonds
, Do. 1864 93f i
.„"0 £lOO Bonds
•vo. Government Railway Debentures —
(1 bO. £l5 paid pm
Dot 5 per Cents., 1824-5, ex Coupons
tt,..u;)00.: Coupons ceeeoe tt
eianpl
tetnala 5 per Cent.
5 per Cent, 1865 •
Account 77
11:-'0. Maremmana Railway
't?ciean 3 per Cent
.)
0. Account
~ Do 1864
4-'0 6 per Cent. Anglo-French
ront9videan 6 per Cent., £3O paid —
Z rish Imperial 5 per Cent
"e ovi, Granada
P° 2 per Cent —
"0 Deferred —
Eio Land Warrants (Hectares)
12, 6,ker Cent, 1864 —
I" ° kilattuvian 5 per Ceranteed, 4
nt perlB6s Cent —
, —
te• Account
1)? 8 per Cent. (Uribarren) —
130,4 u per Cent., 1862
eq
guess 3 per Cent., 1853
° l,, Per Cent.,
451 nt., 1856, '7, '9, '6O, '62, '3, •
bo.. A.ecoun 6
-44
• o4rslal 5 per Cent., 1822, £St BBl
1); li per Cent. 1850
• .I.i• per Per Cent., 1860
D"8 pex Cent. 1859 —
" 5 Per Cent. 1862 9Ol 1
bar d°l 5 Per Cent. 1864 —
Si, Jatan 5 per Cent
D4Bll 3 per Cent
0 Account
D
b° 1:1:7 Deferred —
°D 0
Passivel, ount
6:10 Account 2Bl 11
laPish Cert. of Coup not funded l6l f
tlw 0 Account
it', 4 per Cent.
l'urki
SU i l Cent. 1864
th 6 per Cent. 1854 93

_
~,--00 Account—
'un° 6 per Cent. 1858
4-'0 Account —
bo £lOO Bonds _
_
,-.13° Per Cent. 1862
,1-10 Account 68,1 i
J-)i3O £lOO Bonds 64 9}
'IV
~.6 per Cent.,1863 —
Do° 0 per Cent , 1865, paid up Scrip —3B Account .
_
V• 4 per Cent. Guaranteed
eeezuela 3 per Cent. —
DO-Ditto account —
~\ 6 per Cent., 1862 4,0. Account
-
-r, Do. 1864 —
'-'0- 11 per Cent —
4tvit bividends on the above payable in London.
pe,i •Pf.ll, 5 par Cent., Ex. 10 Florins
ii'''' 21- Pe' equt., Ex. 12 Guil _
1,,, ° 1 per Cent. Certificates _ I,' elleh 'lentos 3 per Cent.
Autlian 5 per Cent 1861, Ex. 25f.
.1-1° -, Account 6ll i
Consols for money TWO O'CLOCK.
871- I
i
Do Accouu
871