The Sun.
London, England, 1866-03-23 00:00:00

MONEY -MARKET

AND

COMMERCIAL INTELLIGENCE,

TWELVE O'CLOCK.

Tho Money Market is rather active to• day, a
large number of commercial bills having been put
into circulation. The brokers are only working i
per cent. under the official minimum, and the con-
sequence is a good inquiry at the Bank of England.

The Council of the Bank of France have reduced
the rate of discount from 4 to 3f per cent.
Some very favourable changes are shown in the
Bank of England return, bat altogether they are
not of that importance which would have warranted
the directors yesterday to lower their minimum
quotation. Annexed are the particulars.

Active Circulation
Increase
Bullion

▪ ....£20,635,600
• ... 112,525
• 14,455,523

Increase " ••• ••• "• ••• 127,905
Rest ••• ••• "IP ••• IV" ••• 3,873,778
Increase ••• ••• ••• 65,251
Public Deposits ... ... 6,824,602
increase ••• ••• ••• ••• 519,783
Other Deposits ••• ••• ••• ••• ••• 12,478,479

.
_ Decrease ..• ... ... ... 244,625
Seven Day and Other Bills ... ... ... 397,849
Increase ... ... ... ... 14,697
Government Securities ... ... ... ... 9,915,483
No alteration.
Other Securities ... ... ... ... 19,392,302
Increase ... •.. ... ... 339,726
Notes Unemployed ... ... ... ... 7,918,435
Increase ... ... ... ... 13,670

The return issued by the Bank of France shows
an increase of £900,000 in the bullion, and a reduc-
tion of £1,066,700 in the notes in circulation, and
of £1,946,700 in the bills discounted. The Trea-
sury balances have been augmented £450,000, and
the advances £4,000 ; but the current accounts have
fallen off £480,000.

The directors of the Ottoman Railway, from
Smyrna to Aden, have issued a report, stating that
the works have progressed satisfactorily since the
last meeting, and announce the near completion and
probable opening of the line to Aden by the end of
June. The traffic manager reports that the gross
receipts have increased 41 per cent. upon the cor-
responding period of the previous year upon the
same mileage under very disadvantageous circum-
stances.

Two o'CLocK.
Some important variations have occurred to-day
in the market for the English Stocks. At one time
Consols were down fully k per cent., but they have

since rallied, and are now 1 less than they were last
evening, the quotations being 864 / for money, and
86/ 87 for the account. The New Threes and
Reduced Annuities are quoted at 841 4 85 ; Ex-
chequer Bills, Bs. 3s. die. ; India 5 per Cents.,
102 k 4.
Foreign Stocks have not given rise to any im-
portant changes in value. Turkish 5 per Cents.
are 371 4 ; Mexican, 21/ 22 ; ditto New, 191 20 ;
Greek, 14/ 15 ; Spanish Passive, 271 f ; Certifi-
cates, 16 ; Italian, 60 4 ; the Confederate Loan,
5 7; Chilian Loan, 1 1 prem. ; Brazilian Scrip,
dis. ; Egyptian Railway Loan, / 1 prem. ; and
the New Egyptian Scrip, 4 1 prem. ; United States
Government 5-20 Bonds, 7111 ; Erie Shares, 551 4 ;
and Illinois, 791 4.
Business in the Railway Share Market has been
very dull, and pricei have remained without change
of importance. North Western have receded about
10s. ; and Metropolitan, ss. ; while Great Eastern,
and Great Western have each improved ss. ; and
Brighton, 10s.
The Foreign and Colonial lines exhibit no alte-
ration requiring special report.
Bank and Miscellaneous Shares generally are
dull. European are dealt in at 10 ; Bank of
Mexico, at 141; Alliance at 27 ; Egyptian Trad-
ing Company at 3/ 4 : General Credit at 3/ 4 ;
London Financial at 81 ; and Overend, Gurney,
and Co., at 16/ 17 ; Reuter's Telegram Company
shares, second issue, are quoted / to 1 prem.

BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT FUNDS.
8 Der Cent. Consols
Do. Account, April 5
8 per Cent. Reduced B5 41 1
New 3 per Cent B4l 5 41 i
New 2} per Cent. Jan. 1894
Do. 5 per Cent. Jan. 1873 —
Annuities, 30 yrs, expire sth Jan., 1880
Do. for 30 yrs, expire sth AprilBBs —
Do (Red Sea Telegraph), Aug., 1908 —
March. Juno.
Exchequer Bills, £l,OOO, 3 per Cent. — 5 3 dis
Do. £5OO —
Do £lOO and £200
Bank er England Stock, 5 per Cent
Do Account 240 x d

INDIAN GOVERNMENT SECURITIES.
Indian Stock, 10} per Cent., AprillB74
Do. 5 per Cent. July, 1870
Do. 4 per Cent., Oct. 1888
Do. Certificates —
Do. Enlaced Paper 4 per Cent —
Do. 5 per Cent., Jan. 1872
Do. 51 per Cent., May 1879
Do. Deb., 4 per Cent., Aug. 1866
Do. Bonds, £l,OOO
Do. under .£l,OOO

FOREIGN FUNDS—CLOSING PRICES.
Argentine Republic, 6 per Cent., £l5 pd pin
Austrian Bonds, 5 per Cent, 1859
Brazilian 5 per Cent
Do. 41 per Cent., 1852-58-60
Do. 1863
Do. 1865 —
Do Account 73/ 1 xd
De. Scrip, £35 paid
Buenos Ayres 6 per Cent
Do. Account
Do £1(0 Bonds
Do 1 per Cent. (Deferred 3 per Cent )
Chilian 6 per Cent
Do Scrip, £25 paid
Do. 4} per Cent
Colombian 6 per Cent.
Cuba, 6 per Cent.
Danish 3 per Cent., 1825
Danubian Principalities
.. Do Account
4cip.ador New Consolidated, 1 per Cent —
Do., Provisional Land Warrant —
Egyptian 7 per Cent B9/.
Do” Second Issue —
. Do £lOO Bonds 921
Do.. 1864 9ll
Do £lOO Bonds 93
Do. Government Railway Debentures —
Do. £25 paid
Greek 5 per Cents., 1824-5, ex Coupons
Do. Account
Do. Coupons
t*llatemala 5 per Cent.
ltAlian 5 per Cent, 1865
Do Account 761
Do. Maremmana Railway
Mexican 3 per Cent
Do. Account
Do 1864
Do 6 per Cent. Anglo-French
Alontevidean 6 per Cent., £3O paid
Moorish Imperial 5 per Cent
New Granada —
Do 2 per Cent
Do Deferred
Do Land Warrants (Hectares)
Do. 6 per Cent, 1864 —
, Do Guaranteed, 4 per Cent
reruvian 5 per Cent., 1865
Do. Account
Do 3 per Cent. (Uribarren) —
Do 44 per Cent., 1862
Do. Account
Portuguese 3 per Cent., 1853
Do 3 per Cent., 1856, '7, '9, '6O, '62, '3, 451
Do. Account
Russian 5 per Cent., 1822, £ St
Do 4} per Cent. 1850
Do 41 per Cent., 1860
Do 3 per Cent. 1859 —
Do 5 per Cent. 1862 9O 891
Do 5 per Cent. 1864 —
Sardinian 5 per Cent
Spanish 3 per Cent
Do Account
Do New Deferred —
Do Account
Do Passive
Srlanish Cert. of Coup not funded
Do Account l6/
Bvredish 4 per Ceut.
Do. r Cent. 1864
Turkish 4/ 6perCent. 1854
Do Account 74-}
Do 6 per Cent. 1858 —
Do Account
Do £lOO Bonds 73}
Do 6 per Cent. 1862 —
Do Account
Do £lOO Bonds
Do 6 r Cent., 1863
Do & Cent., 1865, paid up Scrip —
Do Account
per Cent. Guaranteed
V enezuela 3 per Cent.
. Ditto account
Do 6 per Cent., 1862 —
Do. Account
Do. 1864 3Bl i 1
Do. 11 per Cent

691 i 9 i

Dividends on the above payable in London.
4 ilstrisn, spr Cent., Ex. 10 Florins —
telgian, 4} per cent., Ex. 25f.
butch 2i per Cent., Ex. 12 Guil 6ll
Do lier Cent. Certificates —
...m reach Rentes 3 per Cent. ... —
ltalian 5 per Cent., 1861, Ex. 25f. ....
Do Account
THREE O'CLOCK.
esnisols for money
Do Account B6i 87