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

MONEY MARKET

AND

COMMERCIAL ENTELLIC4 N

TWELVE O'CLOCK.

The Money Market is rather active to- day, a
large number of commercial bills having been put
into circulation. The brokers are only working *
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, bxt 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 ... ... ... ...£20,635,600
Increase ... ... ... ... 112,525
Bullion ... ... ... ... ... ... 14,455,523
Increase 127,905
Rest „. ... ... _. ... ... 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 ... ... ... ... 1.9,392,302
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 1 per cent., but they have
since rallied, and are now f less than they were last
evening, the quotations being 861 f for money, and
861 87 for the account. The New Threes and
Reduced Annuities are quoted at 84k / 85 ; Ex-
chequer Bills, Bs. 3s. dis. ; India 5 per Cents.,
102 fr
Foreign Stocks have not given rise to any im-
portant changes in value. Turkish 5 per Cents.
are 37k ; Mexican, 21i 22 ; ditto New, 191 20 ;
Greek, 14f 15 ; Spanish Passive, 271 t ; Certifi-
cates, 16 1; Italian, 60 ; the Confederate Loan,
5 7; Chili= Loan, 1 k prem. ; Brazilian Scrip,
it I dis. ; Egyptian Railway Loan, f 1 prem. ; and
the New Egyptian Scrip, 1 1 prem. ; United States
Government 5-20 Bonds, 71k 1; Erie Shares, 55f ;
and Illinois, 79k
Easiness in the Railway Share Market has been
very dull, and prices have remained without change
of importance. North Western have receded about
103. ; and Metropolitan, ss. ; while Great Eastern,
and Great Western have each improved ss. ; and
Rrightou, 103.

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
kezica at 14i ; Alliance at 27 ; Egyptian Trad-
ing Company at 3i 4 : General Credit at 3j. 4 ;
London Financial at 81 ; and Overend, Gurney,
and Co., at 16i 17 ; Reuter's Telegram Company
shares, second issue, are quoted f to 1 prem.

BRITISH FUNDS—ONE O'CLOCK
GCTERNMENT FUNDS.
* Der Cent. Consols
Do. Account, April 5
t.Per Cent. Reduced B5 41
New 3 per Cent 844 5 44
4‘ew 21 per Cent. Jan. 1894
Do. 5 per Cent. Jan. 1873
annuities, 30 yrs, expire sth Jan. 1880
Do. for 30 yrs, expire sth April,lBBs —
Do (Red Sea Telegraph), Aug., 1908 —
March. June.
Exchequer Bills, £1,000,3 per Cent. — 5 3 dis
Do. £5OO —
Do £lOO and £200
Bank of England Stock, 5 per Cent
INDIAN GOVERNMENT SECURITIES.
14(han Stock, 101 per Cent., AprillB74 —
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. 51 per Cent., May 1879 — ~
De. Deb., 4 per Cent., Aug. 1866
Do. Bonds, £l,OOO —
4)0• under £l,OOO

FOREIGN FUNDS—ONE O'CLOCK.
Argentine Republic, 6 per Cont., £l5 pd pm
&nstrian Bonds, 5 per Cent, 1859 —
Orazilian 5 per Cent —
De. 4i per Cent., 1852-58-60
Do. 1863

..,„ Do. 1863 —
De Account
Do. Scrip, £35 paid
Buenos Ayres 6 per Cent —
Do. Account
Do .£1(0 Bonds —
„ Do 1 per Cent. (Deferred 3 per Cent )
`alilian 6 per Cent —
Do Scrip, £25 paid
, Do. 4i per Cent
'olonnbian 6 per Cent.
tjUba, 6 per Cent.
banish 3 per Cent., 1825
°alaubian Principalities
,4-10 Account
F-Tador New Consolidated, 1 per Cent -
Provisional Land Warrant —
'qptian 7 per Cent B9i
1-'
,0., Second Issue —
0 £lOO Bonds 92}
Do. 1864 9ll
B 0 £lOO Bonds . 93
320. Government Railway Debentures.
u -I'o. £25 paid
reek 6 per Mits., 1824-5, ex Coupons
10- Account
,JO. Coupons —
ratemala 5 per Cent.
t9;,lian 5 per Cent, 1865
0,1-1 Account —
-uO. Maremmana Railway —
--6,iean 3 per Cent
Lk). Account

Do 1864
It per Cent. Anglo-French
''',,,entevidean 6 per Cent., £3O paid
'4l,oorish Imperial 5 per Cent
W"e Granada —
Do 2 per Cent —
Do Deferred
bnl3o Lad Warrants (Hectares)
- 6 per Cent, 1864 —
, Do Guaranteed, 4 per Cent —
' eruvian 5 per Cent., 1865
DO. Account
0 3 per Cent. (Uribarren) —
, 4/ per Cent., 1862
p 4-' 0. Account
ortng.ii_ 3
.1.) ebb' per Cent., 1853
`-',° 3 per Cent 1856, '7, '9, '6O, '62, '3, 451. .
"0. Account
Russian 5 per Cent., 1822, £ St —
,J3O 41 per Cent. 1850
4-g3 4/ per Cent., 1860
1.,'" 3 per
Cent. 1859 —
-1-)° 5 per Cent. 1862
k,"-° 5 per Cent. 1864
edintan per Cent
Paaish 3 per Cent
D 0 Account
D 0 New Deferred —
t)0 Account
0 Passive
13,, Account
.DatioiBll Cert. of Coup not funded
„Account l6}
"begish 4 per Cent.
T ?: 41 per Cent. 1864
tit*Ush 6 per Cent. 1854
ii))0 Account —
D 0
6 per Cent. 1858
"i 0 Account —
D 0 £lOO Bonds
0° 6 per Cent. 1862
t 0 Account —
° £lOO Bonds
Do 6 6.9- 1 9
0 ,•• r Cent., 1863 —
° ' Cent., 1865, paid up Scrip 7
.._.O A
b 4Accolint
Vel,.(();z4 per Cent. Guaranteed —
~ uel 3 per Cent. —
thtto account --b° 6 I)er Cent., 1862
O. Account
1)0 1)0' li Per CenlB64t 3B
Dividends on the above payable in London.
A. Ilsi,
kt,in.,'l'll, 5 p3r Cent., Ex. 10 Florins
1)4?`„,,,,44 per cent., Ex. 25f.
DO
' 4t Par Cont., Ex. 12 Guil 6li
Prbehl.Rer Cent. Certificates —
had. ,entes 3 per Cent. —
11-`-'1 5 per Cent. 1861, Ex. 25f. .... 0 Aecount ' 6o}
Oen'l3lB TWO O'CLOCK.
(50 for mo„y
861 I
..ccoun - 87