The Sun.
London, England, 1860-11-08 00:00:00

MONEY MARKET AND CITY NEWS.

("TTY T77(‘ O'CT.OOT7

Considerable interest has been felt in the pro-
ceedings of the Bank of England Directors at their
weekly meeting to-day, and as the majority
inclined to the opinion that the rate would be
advanced to 4 per cent., although there has been
nothing to warrant such a conclusion, except the
efflux of gold, which has latterly diminished, the
demand for moneyhas been temporarily augmented,
and bankers and capitalists have been induced to
ask rather higher terms for the accommodation
they have afforded.
The directors of the Great Southern of India
Railway Company have made a further call of
£5 per share, payable on or before the 15th
proximo.
A call of L 2 per share has also been made on the
South Eastern of Portugal Railway Company's
Preference (B) shares, to be paid on the 6th o'
next month.

There were no bullion operations of importance
at the Bank of England yesterday.
Notice has been given that the sum of £05,100
has been appropriated to the redemption of 457
Danish 3 per cent. special Bonds of the Loan of
1825.

A meting has been convened of the Thames
Graving Dock Company for the purpose of em-
powering the directors to raise a sum of money on
mortgage of the Company's property to spay exist-
ing liabilities.

A fair amount of business was recorded in the
Liverpool Cotton Market yesterday, and prices
wore steadily maintained. The sales were esti-
mated at 12,000 bales.

The last week's railway receipts, ascertained up
to this day, are in round figures as under :

1860.
Great Western
North-Western
South-Western .. 18,416
Brighton .. 19,357
Midland
South. Eastern
Great Northern 27,772
Lancashire and Yorkshire
.
Bristol and Exeter 6,1E9
North-Eastern
... : . 40,895
'West Midland
Dublin and Belfast
0,477
Grand Tinburgrunh ak
of Canand Glasgo da .
w -
.. 16,668
Great Western of Canada

1859.
£28,858
78,473
14,980
16,066
37,493
21,165
27.208
32,480
6,615
37,375
5,783
1,769
0,v89
12,338
9,502

The above returns continuo to show a steady
improvement on most of the principal under-
takings :—On the Great West ern there is an
increase of £3,646 ; North-Western, £1,815 ; South-
Western, £3,436 ; Brighton, £'3,291; Midland,
£2,317; South-Eastern, £1,536; Great Northern,
£564 ; Lancashire and Yorkshire, £4,227 ; North-
Eastern, £3,520; Edinburgh and Glasgow, £388;
Grand Trunk of Canada, £4,330; and Great
Western of Canada, £1,895.

The minimum rate of discount has been raised to
41 per cent., but the recent drain 'of gold had fully
prepared the public for the alters.tion, and it has
consequently created no surprise. A considerable
reduction has been made in the stock of bullion,
and as the movement is still in operation, the direc-
tors of the Bank of England have found it necessary
to inaugurate a restrictive policy, notwithstanding
the plentiful supply of money in the discount mar-
ket, and the absence of any symptoms of pressure
or stringency.
The rise in the value of money has not produced
any unfavourable symptoms in the market for Pub-
lic Securities, which, on the contrary, have under-
gone a decided improvement, Consols being 931
for money, and 931,- for December. It appears
that some extensive purchases of stock for transfer,
as well as on speculation, have been made. The
settlement has also produced a favourable effect.
The New Threes and the Reduced are firmer at
911 a ; India New Loan is steady at 1031 ; the
Debentures are at 961,, and Exchequer Bills at 3s.
die. to par. ; Bank Stock is flat'at 232.

The dealings in the Foreign Stock Market have
been very limited, and prices in some instances are
rather flatter. Turkish 6 per Cents. are 704 to
711 ; ditto New, 57 ; Mexican have receded to
22; Dutch 4 per Cents. to 991 ; and Spanish to
481 ;14; but the Deferred are steady at 401 4 ; Bra-
zilian 41 per Cents. (1860) are heavy at 881.
Ocean Marine Insurance shares are 1; 2 prem. ;
Thames and Mersey, prem.; and the Universal,
* prem.
Business in the Railway Share Market has been
rather inactive, and prices in some instances have
been less buoyant. London, Chatham, and Dover,
have declined £1 ; Midlands, lOs , and North
Westerns and South Westerns, ss. ; Eastern Coun-
ties, Great Westerns, and North Eastern, Berwick,
advanced ss.

The Foreign and Colonial lines have shown
rather more firmness. South-Alastrian and Lom-
bardo-Venetian realised 111; Dutch Rhenish 121
East Indian have improved to 1001 ; and Great
Indian Peninsula declined to Kt.
The Canadian lines are also a shade firmer,
Grand Trunks being dealt in at 21 and 211, and
Great Westerns, at to ff.
Joint Stock Bank and Miscellaneous Shares
continue inactive. Oriental Bank declined ss. ;
Ottoman Bank, ss. ; and Royal Mail Steam
advanced 10s.

FOREIGN FUNDS—CLOSI.bTG PRICES.
Bank Stock
3 per Cent. Reduced Annuities ... 911 a 1
3 per Cent. Consols Annuities
New 3 per Cent. Annuities
India Stock•
Ditto 5 per Cent .. .. 1031 a
Ditto Entaced Paper, 4 per Cent
Ditto 5 per Cent.
.. 951 5
Ditto 51 per Cent.
Ditto Debentures, 1858 96a
Ditto Bonds £l,OOO
. •
i titto under £l,OOO
Consols tor Account, Dec. 6
Exchequer Bills, £l,OOO, 14d
BRITISH FUNDS—CLOSING PRICES.
Brazilian 5 per Cent ....
Ditto 44 per Cent 1858 B9 8.1
Ditto 44 per Cent. 1860
Euenos Ayres, 6 per Cent.
Ditto Account
Mexican per Cent
1)Iti 6 dceount 22
Sardinian 5 per Cent. .......... , B6
Spanish 3 per Cent. ................ ... -
i
Ditto New Deferred ............ 40;
. Oh
proaniab. Cert. of Coup. not funded .. ....
411)kiit41)). 6
Ditto New
Account .•
per Cent
Loan ..
Ditto Account 571 i 7
Dividends on the above payable in London.
Dutch Exchange, 12 Guil. 24 por Cent ^—
Ditto Certificates, 4 per Cent.
Ditto Account
THREE O'CLOCK.
Consols, Money 935 934
Ditto Account 931 t

771 E EXPLOSION ON BOARD THE

TONIVING.

GREAT
YARMOUTH, Nov. 7.
Another name has been added to the already
lengthy list of victims of
e explosion on board
the Tanning steamer, James
Wasp, the chief mate,
having suecumbedto the injuries which he received.
The poor fellow was a Yorkst h.reman, and has left
four or five helpless children. He seems from the
first to have been impressed with
a conviction of
his approaching end, for when h brought to
shore he alluded frequently to
loss which his
a
" poor bairns" were about to sustain, w
e Ssubsequently in.
he became delirious and in the course of yester-
day he was mercifully released from
Yunker Aintz, or Aintz Yonk
sufferings.
for there seems to be some doubt as to the era;
a comatose
nomenclature—the cattle man, continues alive,
but up to a late hour to-day he was in
state, and there is but little or no hope of his re-
covery. The poor sufferer has sustained
some
severe internal injury, and his case is consequently
one of great difficulty and danger. The other
Dutchman Pieter Peters, is happily doing well,
as
are Edward Peak, Timothy Read, and Francis Ray,
lie other men Icing at the hospital. The borough
coroner (Mr. C. H. Chamberlin) has received to-day
an official intimation from the Board of Trade that
Captain Robertson, R.N., their surveyor-general,
accompanied by one of their enginoer officers, has
been deputed to make a close examination of the
steamer, which is still lying at Lowestoft. It
appears that the patch to which the captain
referred in his evidence was put into the boiler
on the port side ; and as possibly this patch
matter will,
may have had something to do with the disaster,
,the
lioands of the inspecting officials.
no doubt, receive attention at the
Eleven persons
..un_ board the steamer escaped uninjured the fright-
r_ 1 results of the exnlosion—viz., George Rivers,
tGliOlcaPtain ; Thomas Jago, boatswain; Thomas
janu.er,sea man ; William Golder, boatswain's mate;
Sohit-a_Hawthorn, seaman ; John Read, seati,an ;
kielkin, second engineer • two firemen, and
two cattlemen. T ,
safety to tl, . . he se persons, no doubt, owe .
their
:',pct that the violence of the explosion
spent itself amidships' .
while
they were fore and aft.