The Sun.
London, England, 1866-01-04 00:00:00

NONEY MARKET

AND
COMMERCIAL INTELLIGENCE,

TWELVE O'CLOCK.
The official rate of discount has been advanced
from 7 to 8 per cent.
The measure was generally anticipated, in conse-
quence of the continued effiux of gold from the
establishment, and the comparatively insignificant
amount that must have been received there during
the Week. In addition to this fact the position of
the exchanges is adverse, and the large demand
there is to send silver to the East is shown by the
higher rates obtained yesterday afternoon on the
bills for India. The establishment, too, must have
reduced its reserve of notes very much by the in-
creased demand experienced for discount accommo-
dation and the payment of the quarter's salaries.
At the bullion department of the Bank of Eng-
land, yesterday afternoon, there was a withdrawal
of £50,000 in sovereigns for Alexandria.
A new loan has been announced by Messrs
Baring Brothers and Co. for the Argentine Re-
public. The amount required is £2,500,000, but
Only half is to be first issued in a 6 per cent. stock,
at the price of £75 for every £lOO.
The biddings for £350,000 in bills on India took
place yesterday afternoon at the Bank of England.
The proportions allotted were, to Calcutta £227,000,
to Madras £22,700, and. to Bombay £lOO,OOO.
The minimum price]was, as before, ls. llid. on
Calcutta and Madras, and ls. hid. on Bombay.
Tenders on Calcutta and Madras, at Is. lljd., will
receive about 24 per cent., and on Bombay, at
2a'
°ld., about 27 per cent. Above these prices in
full.

The following are now the rates on deposit ac-
counts allowed by the discount establishments :-
5 per cent for money at call, 6 per cent. for seven
daos' notice, and 7 per cent. for 14 days' notice.

Two O'CLOCK.
According to Reuter's telegram the French
Three per Cent. Rentes were quoted at 68f. 50c.
Plat.
The English Stock Market has been influenced
11 the alteration in the rate of discount. Prices
generally are flat, and Consols are now quoted 87
for money, and 87} 1 for February. The New
Threes and Reduced Annuities are 861 87 ;
Exchequer Bills, 2s. dis. ; Bank Stock, 246 fr ; India
Stock, 210 ; ditto 5 per Cents., 1021 1.
Several sales have taken place in the Market for
Foreign Stocks, and prices generally have shown
depression. Turkish 5 per Cents. are 42 1; Mexi-
Can, ex all, 221 23, and the New Bonds 20 ; Greek,
14 15 ; Spanish Passive, 27k s ; Certificates, 141
15; Italian, 621 ; the Confederate Loan, 67 ;
and Brazilian Scrip, 21 1 prem.
k, American securities are fiat. United States 5-20
Eeie 56nds are 64i 65k; Illinois shares, 771 ; and
Erie . -
Businesss7 in the Railway Share Market has been
dam, and in several instances prices show less firm-
ness' Lancashire and Yorkshire and Midland have
each declined k, North Western and South Eastern
each 1, and Metropolitan 1.
at
steady The Foreign and Colonial lines generally remain
rates.
d„l3ank and Miscellaneous Shares are quiet. Lon-
,,,"h Chartered of Australia have Unproved to 23 ;
olonial to 451
40/flan; Alliance are at 29i- ; Imperial
D
_N-0.,
131; London Financial, 191 ; National
charCiscount Company, 161, 171 ; and Overend,
Oand Co., 214 21.1 ; Charles Lafitte and
T es are quoted 21 31 prem. ; London Steam
To are
Company, 11 2 prem.

BRITISH FUNDS -ONE O'OL 00K.
GOVERNMENT FUNDS.
a Der Cent. Consols
874
7
3 per Cent. Reduced B6f 7
New 3 per Cent B6l i 61
New 21 per Cent. Jan. 1894 -
4Do. 5 per Cent. Jan. 1873 -
lanuities, 30 yrs, expire sth Jan 1880 -
E Do. for 30 yrs, expire sth Aug
Do (Red Sea Telegraph), Aug, 1908 -
xcquer Bills, £1,000,3 per Cent. 2 die
Do. £5OO -
BankDo°l E £lOO and £2OO -
Do Accon
gland Stock, 5 per Cent
unt
INDLLNI GOVERNMENT SECURITIES.
Indian. Stock, 101 per Cent., April 1874
_2lO x d
Do Account
f
Do. 5 r Cent. Jul, 1870
Do. 4 per Cent., Oct 1888
Do. Certificates
_
Do. Enfaced Paper 4 per Cent
De- 5 per Cent., Jan. 1872 -
De• 51 per Cent., May 1879 -
Do. 4 per Cent., Aug. 1866
Do. Bonds £,
Do. under , .£l,lOOOOOO -
FOREIGN FUNDS-01111 O'CLOCK
bkistrian Bonds, 5 per Cent, 1859 -
Dll'az ilian 5 per Cent -
o. 41 per Cent., 1852-58-60
Do. 1E63 -
Do. 1E.66 ... Do Account 741 5
-
D°•Buenos Scrip. £25 paid " ll pm
11„e'les Ayres 6per Cent -
DO-uo• Account -
c.L. , 1 per Cent. (Deferred 3 per Cent ) -
Doculian, 41 -
z per Cent -
c i. 3 per Cent -
cat"lbian 6 'Der Cent -
Ilua., 6 ,-,, c • ba,, .- r ent -
--'ll 3 Per Cent., 1825
Do, per 4. Per Cent., 1863 -
-
Danubianprilar Cent 1773-77, £25 paid -
-
DO Accouttt cip"alities
Ikloador New Consolidated, 1 per Cent - ,1) i.PreVisional Land Warrant - `'67Ptall 7 per Cent 921 DO-7 Second Issue 92
Do £lOO Bonds 94
orDeeok.£ll2o°Oß.onds 1864 9ll 1 1
92
5 Per Cents 1824-5, ex Coupons -
Do. Account " l5 141
Do Coupons -
tAi DO'auDl)i a
.:t e . Amount47Ba alpa9s per Cent. -
-
and 1850 -
'all 5 per Cent, 1865 -
Do
Do. Account
D • llaremmana Railway -
,° Scrip, £671 paid -
Mexican
4-) 5 per Cent., 1864 -
3 per Cent -
DO. 0. Account
Do 1864 2Ol
no 6 per Cent. Anglo-French -Do French Scrip, Ex. 25f 20c •
NMontevidean 6 per Cent., £3O paid
eorish Imperial 5 per Cent
vi• Granada
-Do 2 per Cent
Do Deferred
~, Do Land Warrants (Hectares) -
-uo. 6 per Cent, 1864
Do Guaranteed, 4 per Cent.
P-
41 per Cent ............ .. -
Do. Account
Do Scrip, £45 paid, paid in Bonds
Do 3 per Cent. (Uribarren)
L:' 44 per Cent:, 1862
Portuguese -
, 3 per Cent., 1853 -
".,,° 3 per Cent., 1856, '7, '9, '6O, '62, '3, -
Account
Russian 5 per Cent, 1822, £ St
Po 41 per Cent. 1850
"I-', 4-1 r Cent., 1860
-r,""° Pei Cent. 1859
'"„° 5 per Cent. 1862 B9l 9
'Jo 5 er Cent. 1864 -
Sardinian 5 per Cent
-
8 pan -
, -
'Paillsh 3 per Cent Ditto account -
Do Account -
o Passive -
er,bo Account -
Dlish Cert. of Coup not funded -
ts o Account l4f
tthBll 4 per Cent. -
T.,,,,,-_': 41 per Cent. 1864 -
esh 6 per Cent. 1854
1)140 Accouut B9
-
I)0 A Per Cent..lBsB -
,_ Acco u n t 691 1
DOG *5lOO Bonds -a
D° " Per Cent. 1862
, Account 6Bl 4
Do £lOO Bonds
.p„6 Per Cent, 1863
bo" •-' Per Cent. 1865
Strip £35 -d
-
i''z' Account' pal 424 f
'1.,,i)
2,' X1(0 Bands -
Vet,(L4 Per Cent. Guaranteed ' -
Do-4;7a 3 per Cent. -
D
'I Per Cent -
‘,. Account
Pret,ol),ividends on the above payable in London.
Italian"` -Kettles 3 per Cent.
'-' -
is 5 0
Accou per Cent., 1861, E. 25f. -
ut
eollsols
87 Ifo mone TWO O'CLOCK.
Do' Feb.rolynt Aco 87i f
___

Liverpool Cotton Market—This ray.
Peria:__
da.,,, ',tug the action of the Bank of England to-
' ' the market opened with a moderate demand,
to-
an the
baleB, sales will probably foot 8,000 or 10,000