The Sun.
London, England, 1866-03-16 00:00:00

MONEY MARKET

AND

COMMERCIAL IN TEL L N C.E,

TWELVE O'CLOCK.

The Money Market is in a very active condition,
owing to the numerous bills held in reserve in an-
ticipation of the movement yesterday, and also to
preparations usually numerons at the end of the
week. The rates required by brokers and others
range from 5i- per cent. ; and as this is only if per
cent, under the official minimum, a large number of
applications is made at the Bank of England.
At the Bank of England yesterday afternoon the
bullion operations were not of public interest.
The suspension of Messrs. Paget, Bainbridges,
and Co., bankers, 5, St. Paul's Churchyard, was
announced yesterday. The house was established
in 1790, and was always considered highly respect-
able, although of late years its business was known
to have considerably fallen off. The liabilities are
estimated at about £200,000, and the assets, it is
thought, will only realise a very small dividend.
The immediate causes which led to the failuure were
Operations in slate quarries, and the stoppage of an
Irish house to whom advances had been made.
The Bank of England return is favourable, and
the strengthened condition of the establishment
fully justified the directors in reducing their rate of
discount. Annexed are the particulars :
Active Circulation ....£20,523,075
Decrease ... 211,350
... 14,327,618
• 277,114
... 3,808,527
••• 12,149
▪ 6,804,819
• 247,094
... 12,723,104
▪ 22,516
... 383,152
~. 46,028
... 9,915,483
No alteration.
• 19,052,57.5
• 252,736
... 7,904,783
488,540

Bullion

Increase

Rod

Increase ...
Public Deposits ... ...
Increase
Other Deposits ... ...
Increase ...
Seven Day and Other Bills
D, -

_,ecreass ••• •••
Government Securities ... ...

Other Securities
Decrease
Notes Unemployed
Increase

The.Benk of France return shows an increase of
£226,670 in the bullion, £72,000 in the notes in
circulation, and of £620,000 in the Treasury ac-
count, while a reduction has taken place of
£448,000 in the current accounts, of £B,OOO in the
bills discounted, and of £26,680 in the advances.

Two o'CLocK.

According to Reuter's telegram the French
Three per Cent. Rentes were quoted at 69f. ex
coupon.

After official hours last evening sales of English
Government Stock occasioned a decline of * per
cent. No further alteration has taken place to-
day in the Funds, which appear to be tolerably
steady, and a few purchases will no doubt result in
an improvement, owing to the sensitiveness of the
market. Consols are now 87 1 for money, and
87 + 1 for the account. The New Threes and Re-
duced Annuities are 85k I ; Exchequer Bills, 3s.
dis. ; and India 5 per Cents., 1021 1.
No important alteration has occurred in the value
of Foreign Stocks. Turkish 5 per Cents. are 381;
Mexican, 221 4 ; New, 20} 21 ; Greek, 15+ 4 ;
Spanish Passive, 28+ k ; Certificates, Italian, 611 1;
Confederate Loan, 5 7 ; Chilian Loan Scrip, 2+ 3+
prem. ; Brazilian Scrip, 2/ 3 prem. ; and Egyptian
Scrip, 1 prem. United States 5-20 Bonds, 72+ ;
Erie Shares, 561 57+ ; and Illinois, 80k 81.
Business in the Railway Share Market has re-
mained inactive, and in several instances prices are
a shade lower. Lancashire and Yorkshire, South
'Western, Midland, and South Eastern have each
declined ss. ; and Metropolitan, 15s.
The yoreign and Colonial lines remain dull at
about former rates.

Bank and Miscellaneous Shares continue very
quiet, without any material change in values.
Alliance are dealt in at 28} f ; Joint Stock Dis-
count at 11 dis. ; and Overend, Gurney, and
Co., at 18i f.

BRITISE FUNDS—ONE O'CLOCK
GOVERNMENT FUNDS.
8 Der Cent. Consols
4
8 1)0. Account, April 5
,per Cent. Redue.ed ' - et. *
A.„eW 3 per Cent Bs* 5 1
A eV? 21 per Cent. Jan. 1894 —
Do. o per Cent. Jan. 1873 —
Annuities, 30 yrs, expire sth Jan., 1880
DO. for 30 yrs, expire sth April, 1885 —
h
.1-'0 (Red Sea Telegraph), Aug., 1.908 —
zchequer Bills, £l,OOO, 3 per Cent.
Do. £5OO —
Do £lOO and £200
Bank of England Stock, 5 per Cent
iiirdzx GOVERNMENT SECURITIES.
Indian
Stock, loi per Cent., AprillB74 —
DO. 5 per Cent. July, 1870
De. 4 per Cent, Oct. 1888
Do. Certificates —
Do. Enfaced Paper 4 per Cent —
D 0
. 5 per Cent., Jan. 1872
. 5 per Cent., May 1879 _
DO. D*eb., 4 per C ent., Aug. 1866
£l,OOO —
"0. under £l,OOO
CLOCK
FOREIGN FUNDS—ONE
4rgentine Republic, 6 per Cent., .£l5 pd ll pm
tustrian Bonds, 5 per Cent, 1859
ra2aia.n 5 per Cent
O. 4* per Cent., 1852-58-60
Do. 1863
, Do. 1865 ...
Do Account 741 1 xd
U. Scrip, £35 paid
-11,enes Ayres 6 per Cent
uo. account
120 .£1.(0 Bonds
r. "0 1 per Cent. (Deferred 3 per Cent )
,liilian 3 per Cent —
2De. 4* per Cent —
01,0nablau per Cent. 6
iett, 6 per Cent.
banish 3 per Cent., 1825 —
Dobian Principalities —
iAccount
liador New Consolidated, 1 per Cent —
z 0., Provisional Land Warrant —
gtian 7 per Cent —
0.1 Second Issue —
e £lOO Bonds 93i
D° Do. 1864 93 3 1
-",0 .£lOO Bonds
'"0. Government Railway Debentures 9ll
(i De. £l5 paid
te3k 5 per Cents., 1824-5, ex Coupons . Account
Do._ Coupons
(I e. Account
144.tennala 5 per Cent.
Pall 5 per Cent, 1865
.t,O Account
ktr?. Maremmana Railway
ylean 3 per Cent
'O. Account
Dn 1864 —
per Cent. Anglo-French —
I,entevidean 6 per Cent., £3O paid
i,?_°erish Imperial 5 per Cent
vr,W Granada
DO per Cent
)10 Deferred
Do. ',Land Warrants (Hectares)
D ',per Cent, 1864 —
p
0 vuaranteed, 4 per Cent
rlavian 5 Cent 1863
.11_. per ~
1-ie Account
b° 8 per Cent. (Uribarren)
A ,„° 4i per Cont., 1862
c'el,, geese 3 per Cent., 1853
b° 0 per Cent, 1856, '7, '9, '6O, '62, '3,
445:: A.ccount
.panl 5 per Cont., 1822, £ St
n i- per Cent. 1850
D-O
-i
Per Cent., 1860
tj • pet Cent. 1859
en Per Cent. 1862 9O 1
arcii hu, Per Cent. 1864 94 1
span-" sh 3 per
au '') per Cent
DO Cent
Do
.Account
bo •NeW Deferred
D(.) Account
Sao A %solve
ili
~,. un t 2B;
,p, °,4 Cert. of Coup not funded —
Flyrocei,eeount l6l 1
1) ' 4 per Cent.
Ttotsti_per Cent. 1864
I 0 4,°ce6o.l,lerirt Cent. 1854
94
Do ° 6A Per Cent. 1858
DO "-eeenut
Do 4100 Bonds 731
D° 6 Per Cent. 1862
B 0 Account
1)2 4100 Bonds
G9l
Dy; Per Cent 1863
13 - Per Cent., 1865,paid Scrip —
D. 3 • up
oleeount3B I
IPeriez,
el Per Cent. Guaranteed
...D_
ittoa 3 Per Cent.
0 6 account
Be._
4 out , Cent., 1862
~., t_e. u
_
410. I,u p 1864
A per Cent
Aar.. . uivtdencts on the above payable in London.
Aoi°'Nn, 5
I, gla:i A i per Cent., Ex. 10 Florins
piDo 14? Per C.nt., Ex. 12 Guil
1
. erkeh per Cent. Certificates
te'liztrt 'leiltes 3 Per Cent.
Do AcePoer Cent., 1861, Ex. 25f. ..... , —
en L'llt
TWO O'CLOCK.
DP .4,o:Llzat.°..neY .............................. 87 i
................................ 4010 871 i