The Sun.
London, England, 1864-05-02 00:00:00

MONEY MARKET

AND

COMIVIERCIAL INTELLIGENCE,

CITY, TWELVE o'CLocK:
ANOTHER RISE IN THE RATE OF
DISCO UN I'.

The directors of the Bank of England have this
day raised their rate of discount from 7 to 8 per
cent. This movement has not occasioned the sur-
prise it would had the Stock Exchange been open
and speculation making its usual progress. In the
discount market, however, the event has created
some excitement, and affairs are in a very unsettled
condition.

There is a close holiday to-day at the Stock
Exchange, the transfer office of the Bank of Eng•
land being shut to admit of the half-yearly balance
of the accounts. '

The Magdalena for Lisbon takes out in specie
£12,200. The Tartar has arrived from the same
place with only £2OO.

The half-yearly meeting of the shareholders of
the Bank of Hindustan, China, and Japan was held
today, and a dividend of 15s per share recom-
mended, being at the rate of 5 per cent. per annum.
The accounts from the various manufacturing
districts for the past week represent that business
at 'Manchester has been active, enhanced prices
having been current for both cloths and yarns. In
the woollen trade of Leeds, Bradford, and Hudders-
field there has been an increased demand for light
summer fabrics, while the operatives in the hosiery
and lace departments of Leicester and Nottingham
are fully employed. In the hardware districts of
:Birmingham, Sheffield, and Wolverhampton symp-
toms of improvement have also been apparent in
that department.

The directors of the St. John del Rey Mining
Company (Limited) have received, by telegram
from Lisbon, the following report, dated Morro
Velho, March, 1864:—Produce 11 days of March,
10,871 oitavas ; yield, 5512 oitavas per ton; remit-
tance, 64,512 oitavas ; general operations going on
Elteadily.

Two o'CLocx.

At Paris this morning, according to Renter's
telegram, the Three per Cent. Rentes were 66f. 650.
66f. 50c. ; end of May, 66f. 95c. Flat.

BRITISH FUNDS-CLOSING PRICES.
SATE IiDAY.

- •
GOVERNMENT FUNDS.
3 per Cent. Consols
Ditto Account, May 5
per Cent. Reduced
New 3 per Cent B9l 9
New 21 per Cent. Jan. 1894.... —
Ditto 5 per Cent., Jan. 1873 lO6
Annuities, 30 yrs, expire sth Jan., 1880 —
Ditto for 30 yrs, expire sth April, 1885 —
Ditto (Red Sea Telegraph), Aug. 1908 2Ol
Ahrch, June.
Exchequer Bills, £l,OOO, 21 & 3 per Cent. 11 8 4 dis
Ditto £5OO ..
Ditto £lOO and £2OO
Bank England Stk, 41 per Ct.
Ditto Account
INDIAN GOVURNMENT SECURITIES.
India Stock, 101 per Cent., April 1874 —
Ditto 5 per Cent. July, 187 U
Ditto Account ... . ..
Ditto 4 per Cent., Oct. 1888 •
Do Certificates
Ditto Enfaced Paper, 4 per Cent —
Ditto 5 per Cent., Jan. 1872 lO3l
Ditto 51 per Cent., May, 1879 ..
Ditto Debentures, 4 per Ct., April 1864
Ditto ditto _ Aug., 1866
Ditto Bonds £1,000...... - , . 6 die
Ditto under £1,000......
FOREIGN FUNDS—CLOSING PRICES.
Brazilian 5 per Cent
... . —
Ditto 41 per Cent., 18,52-58-60 .... 90
IV_ Ditto 1863 B7
Chilian 6 per Cent.
Cent —
Colombian 6 per Cent
Greek 5 per Cent., 182-1-5, ex-Coupons —
Ditto Account
Ditto Coupons
Ditto Account
--
Italian 5 per Cent. (Maremmana Railway)
Mexican 3 per Cent ....
451 41
Moorish Imperial 5 per Cent
New Granada ................
Ditto 2 per Cent.
Ditto Deterred
Ditto Laud Warrants (Hectares) —
Portuguese 3 per Cent., 1353
Ditto Account
Ditto 3 per Cent., 1855, '7, '9, '6O, 62,'3
Ditto Account
481 1
Ditto Scrip (1863) £3O paid .. Russian 6 per Cent., 182— pm 2, £at
Ditto 41 per Cent., 1850 —
Ditto 2 per Cent 1859
Ditto 5 per Cent, 1862 BBl
Sardinian 5 per Cent
Spanish 3 per Cent
Ditto Account
Ditto New Deferred .
--
Ditto Account
Ditto Passive
Ditto Account......
Spanish Cert. of Coup not funded
.. --
Swedish, 4 per Cent.....
Turkish 6 per Cent. 1854
Ditto Account
Ditto 6 per Cent, 1858
Ditto Account ..............
Ditto 6 per Cent. 1862
Ditto Account
Ditto £lOO Bonds.. .. 72
Ditto 1863
Ditto Guaranteed, 4 per Cent
Venezuela 3 per Cent.
Ditto Account
Ditto 6 per Cent., 1862 --
Ditto Account
53/
Ditto 11 per Cent
Dividends on the above payable in Load )n.
Austrian, 5 per Cent.. Ex. 10 Florins.
Belgian 41 per Cent., Ex. 25f.
Dutch 21 per Cent., Ex. 12 Guil
° 4 per Cent. Certificates
Italian, 6 per Cent., 1861, Ex. 25 francs —
Ditto Account
Consols Mone TWO O'CLOCK.
y
Ditto Account
94 i

Liverpool Cotton Market—This Day,

Market firm. Sales, about 10,000 bales. Im-
ports, 1,282 bales ; previously, 1,321.

STATE OF TRADE.

MANCHESTER, April 29.—Shipping yarns have
been in good demand. Since Tuesday our market
has advanced day by day, •and large sales have
been made at higher prices. Today we have had a
very active market, and most yarns are Id. to id.
per lb. higher than on Tuesday, many spinners
refusing to sell even at this advance. The demand
has been general for all markets, and we close with
a strong and buoyant feeling, and with many
spinners deeply under contract: In home trade
yarns, also, there has been more business doing,
notwithstanding the tendency which higher prices
have to put some check upon operations. Manu-
facturers as well as shippers are more disposed to
buy, and for home trade yarns prices are about Id.
per lb. dearer than on Tuesday, for all counts. There
is an improvement to some extent in cloth, but it
has not kept pace either as to activity or price with
the cotton and yarn markets. From Tuesday to
last night the market for cloth was generally rather
quiet. Sellers could easily have made sales, it is
true, at last week's rates, but the large purchases of
cotton made at Liverpool had been an inducement
to manufacturers to seek an improvement in price,
and this was an effectual check on business. To-day
we have had more activity. Advices from Bombay
(April 14) reporting shirtings lid. to 21d. higher,
and from Calcutta (April 12 and 13) reporting an
increased demand, with 40's mule twist lid. per lb.
and shirtings 4d. to 70, per piece higher, and
with letters speaking very favourably of the pros.
pects of trade, have had an immediate and cheering
effect on this market. We have had an inquiry for
India cloths almost approaching to excitement.
The advance which manufacturers are disposed to
put on goods has, to some extent, checked opera-
tions, but Still a fair (some say a large) amount of
business has been done in goods suitable to India
and China at a slight advance on Tuesday's prices.
There has been also more disposition to buy for
other markets, but it is checked by the rise in prices.

BYRON S COADJUTOR IN THE " HEBREW
MELODTES"—Nathan, the composer—died only the other
day at Sydney, aged seventy.five. He produced some good
melodies, such as the serious song " She walks in beauty,"
and the arch one, f' Why are you wandering here, I
pray ?"