The Sun.
London, England, 1863-04-23 00:00:00

ZONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, 1 WELVE O'CLOCK.

REDUCTION IN 'THE BANK RATE.

The directors of the Bank of England at their
meeting to-day have reduced their minimum rate
of interest and discount from 4to 3 per cent. This
alteration was fully expected owing to the favour-
ab!e tendency of the specie movement, the limited
demand for discount accommodation, and the reduced
terms upon which mercantile bills have been nego-
tiable for some time past in the open market.
The metallic reserves of the Bank have
largely increased, and in consequence the
abundance of floating capital and the competi•
tion existing among the joint-stock and private
establishments, the Other Securities, or discount
operations of the Bank, have been considerably
reduced. The directors, therefore, are fully justified
in the course they adopted. Indeed, the alteration
might have taken place a week ago, the quotations
current elsewhere since then having ranged below
the point at which the official rate has now been
adjusted.

About £lBl,OOO in gold, including £lB.OOO pur
chased yesterday, has been sent into the Bank of
England, during the week over which the Gazette
return to appear this evening extends.
The last week's railway receipts ascertained up
to this day are, in round figures, as under :

1863. 1862.
Great Western L 58,302 £0,125 84,25254,689
North-Western
South- Western
Brighton
Midland 38,877 38,268
,-south-Eastern 91,106 21,422
Great Northern
1 ancashire and Yorkshire 31,640 33,497
North Eastern 42,255 39,299
Bristol and Exeter
Great Eastern
Manchester, Sheffield, and Lincoln.. 14,186 13,727
Edinburgh and Glasgow
Great Western of Canada
The returns, with one or two exceptions, are of
a very satisfactory character. On the Great. W. stern
there is an increase of 1:3,613; on the North-Western,
of ; on the South-Western, of £2,206; on
the Midland, of £609; on the Great Northern, of
£2,294; on the North-Eastern, of £2,950; on the
Great Eastern, of £825 ; and on the Great Western
of Canada, of £l,BBO. The Brighton, however,
shows a decrease of £1,984 ; the South Eastern, of
£2 316; and the Lancashire and Yorkshire, of
£1,137

The amount of Australian gold known to be now
on the way' to England is £65:,500. The Accring-
ton, with £136000, has been at sea 107 nays; the
Nelson, with £49,500, 107 days ; the Calliance,
with £72,000, 108 days ; the Water Nymph, with
£167,000, 88 days; the Agincourt, with £lOO,OOO,
77 days; the Trebolgan, with £lO,OOO, 64 days;
and the Sussex, with £117,000, 62 days. About
£424,000 is now due.

Two O'CLOCK.
At the Paris Bourse this day, according to Mr.
Reuter's telegram, the 3 per Cent. Rentes were
69f. 60c. and 69f. 55e.—heavy.
Tnere is rather more dern.nd for discount accom-
modation, and the market is unsettled, as usual,
immediately after an alteration in the minimum.
A few sales having been effected in the English
Stock market. Consols have receded 1-, viz., to 921
93 for money and account. Business is tolerably
active, the operations for transfer having recently
increased. The New Threes and Reduced Annui-
ties are 91Z 3-; the New 23 per Cents., 764 77.
Bank Stock is 2341 236, and Exchequer Bills have
improved to 2s. and ss. prem. A moderate anasunt
of business has taken place in Indian Stocks ; the
5 per Cents. are marked 1093 ; 4 per Cents. En-
faced 98; the 3 per Cents., 1073 108; the 53 per
Cents., 1153 116; and the Bonds 18s. to 21s. prem.
The transactions to-day in the Foreign Market
have not been very numerous, although prices gene-
rally tend upward. Turkish Six per Cents., 1854,
are quoted 87 Q ; those of 1858, 681 ; and the
1862 Loan, 693 Consolides show a little buoy-
ancy at 473 e ; but the N'-w Loan is depressed at
prem. Greek Bonds have risen to 293 7, but
are now 284 29; and the Coupons have been as high
as 133 14, but the latest prices are marked 133 3.
The Italian 5 per Cents. are 70 3, and the New
Loa❑ is steady at 11 Q prem. The Confederate
Loan is rather heavy at 1 3 prem.; Mexican Bonds
are firm at 338 i; Spanish Passive are 30 3, and
the Certificates 101 3.

Business in the Railway Share Market has con
tinned very inactive, and little variatio❑ of im-
portance can be recorded in prices. Great Nor-
therns and North Westerns have improved about
55.; and Lancashire and Yorkshire, 10s.; London
and Blackwell have declined ss.
Ia the Foreign and Colonial undertakings there
has been rather more firmness. Bahia and San
Francisco realise 2lv d ; Sin Paulo, 231 ; Great
Western of Canada, Hi 12 ; East Indian, 1092
1091; and Great Indian Peninsula, 110 to 1101.
Joint Stock Bank and Miscellaneous Shares con-
tinue in limbed request without any change of im-
portance as regards values. British American Ex-
change Bank have improved to 11 12i. ; and
Roj al Hail Steam have declined to 61.

BRITISH FUNDS—ONE O'CLOCK.
Bank Stock
231 i 6
3 per Cent. Reduced Annuities
3 per Cent. Consols Annuities • .
New 3 per Cent. Annuities
New 21 per Cent. Annuities.. • .....
India Stock
Ditto 5 per Cent lo9a I
Ditto Enfaced Paper, 4 per Cent 93
Ditto 5 per Cent
1,,,t0 61 per Cent
Ditto Debentures, 4 per Ct., Oct„ 1863
Ditto ditto April, 1864 100 a
Ditt Bonds MIN ....
18
Ditto under £l,000
Consols for Account, May 7
India Stock for Account, 5 per Cent.. 109/
Exchequer Bills, £l.OOO 21 per Cent 2 5 pin
Ditto £500
Ditto Small 5 pm
FOREIGN FUNDS—ONE O'CLOCK.
Brazilian 5 per Cent....
Ditto 41 per Cent~ 1852-.68-.60
Ditto 1863
Egyptian 7 pet Cent
Ditto, Second Issue ........ .
Greek 5 per Cent., 1824-5, ex-Coupons —
Ditto Account
131 14 13/
Italian 5 per Cent. (Maremmana Railway) .75
Mexican 3 per Cent
Ditto Account
I'.+Tsw Granada
Ditto Deferred
P..irtivian 41 per Cent.
Ditto 1862
Ditto Account .. 88
Portuguese 3 per Cent., 1853
Ditto 1862
Russian 5 per Cent., 1822, £ St 94
Ditto 5 per Cent., 1862
.. 94/ 5/
Sardinian 6 per Cent................. Ditto Account ...................... 86
Spanish 3 per Cent ..................
Ditto Account.. .................... 54 3/
Ditto Passive ........ .. •• .. ...... i t Spanish Cert. of Coup not funded
. 10#
Turkish 6 per Cent. 1854, .. ; ......
Ditto Account ...........................
87a
Ditto 6 per Cent. 1858
. . . .
Ditto Account .. 684
Ditto, £lOO Bonds • 71 •
• Ditto 6 per Cent. 18 i 2
4
Ditto Account 7O 69/
Venezuela, 3 per Cent
Ditto 6 tier Cent., 1852 .. ...... ....
Dividends on the above payable In London.
TWO O'CLOCK.
Consols, Money
Ditto Account

_
Liverpool Cotton Market--This Day.

(REUTER'S TELEGRAM.)
4:411e• No chang,.. Sales, 6,000 bales. haporta,
8,6 a-; previously, 18,088.

The Price of Gold.

The quotati ------4.-____
t he short exeiZt of gold at Paris is about 4 per mule pm., and
comparing thesege °h London is 25.221 per £1 sterling. On
17. e. 100. per
outeer aftes With the English Mint price of £3
11 arty 2-10 the I
yr
ceenrtstandard gold, it appears that gold is
fly aclvices trunt llatnb. deader in London than in Paris.
and the short exchanner4* the price of gold is 4:4 per mark.
tandard gold at the EngininalLondon is 13.51 per .£1 sterling.
Loi Mir t price is, therefore, about
15-10ths per cent. dearer in
1 he course of exchange at Nnewden than in Hamburg
60 days' sight is 1661 to 1674 per York on London for bills at
c
gol 1 is about 52 per cent. At tii:1::" and the
tied
there i
premium on
on the importation of gold from the LTA
...........................,.._ ed cress a profit

The recent chesi display at Lyons, hi which M.
Mozuski played ten games blindfcad, has resulted in his
gataes were drawn,
wilialing seven and losing one •; two