The Sun.
London, England, 1860-03-29 00:00:00

ONEY _MARKET AND CITY NEWS.

CITY, Two O'CLOCK.
ADVANCE IN THE BANK RATE OF
DISCOUNT.
The directors of the Bank of England have raised
the rate of discount from 4 to 4,21 per cent., or, ing
to the pressure for money, and the enhanced quo-
tations demanded in the general market.
At the meeting of the Chartered Bank of India,
Australia, and China, a dividend (free of income-
tax), for the half-year ended 31st Dec. last, at the
rate of 7 per cent. per annum, was declared.
Although the exportation of specie is still rather
°derisive, the shipments are not so important as
they Were a few weeks ago, and the recent receipts
of Australian gold have satisfied the current re-
quirements of the bullion dealers. Several days
have now elapsed since any -withdrawals were
announced from the Bank of England, and if some
large remittances should speedily arrive from Vic-
toria it is probable that a portion would be sent
into that establishment.
To-morrow a call of £2 per share, amounting to
'40,000, is due on the Dublin and Wicklow 6 per
cent• railway shares.
A special meeting has been convened of the
Great Ship Company, for the purpose of confirming
the resolutions passed at the last meeting, the
election of two more auditors, &c.
In the Liverpool Cotton Market yesterday a
moderate amount of business was transacted, and
lVees Were unaltered. The sales were estimated
a
between 7,000 and 8,000 bales. The Railway
Share Market closed quietly, but quotations were
=Arm.
to hl
week's railway receipts, ascertained up
"lis day, are, in round figures, as under :

h.,„.„. 1860. 1859.
1,1 7,,, w estern ... £29,067 £27,946
Bo
It 14
-Western
Itrilkon
Ql4d
-",•Eastern
4:l' Northern
k tWhire and Yorkshire
lionchester, Sheffield, and Lincoln
11.111-Eastern ..
Ntol
Oxfo and Exeter 5,719 i,535
tctiiLb'l, Worcester, and Wolverhampton 4,845 4,359
Olio 11rth and Glasgow 5,728 5,628
Se4itilpir and South-Western 6,961 6,711
Orr.„,B}l North-Eastern
0r.,74 Trunk of Canada .. 13,188 9,284
,-,t Western of Canada
t 2 hose returns show a continued increase in the
CeiPts of most of the principal lines. On the
;eat Western it amounts to £1,071, the North-
%%tern to £3,904, the South-Western to £B6B,
4: Midland-to £5,295, the Great Northern to
th'767, the Lancashire and Yorkshire to £3,210,
o`4 North-Eastern to £2,930, the Grand Trunk of
0:4144 to £3,904 ; and the Great Western of
-,l,lsada to £276.
There has not been much activity in the English
ha.tae c l Market to-day, but the tendency of values
ij been unfavourable, sales having been pressed
en Consequence of the rise in the rate of discount.
ii°lB have, therefore, declined to 941 1 for money
2201944 Z for the account. India Stock remains at
114; ditto New Loan is 104/ 1 ; Exchequer Bills
.:13 been dealt in at 16s. prem.
Business in the Foreign Stock Market continues
TH4eite, and prices show no change of importance.
exitraiis_ h 6i per Cents. are 7811 to 79+; ditto New,
71 ° 61- ; Russian 41 per Cents. are firmer at
at o, ditto 3 per Cents. at 65, and Spanish Deferred
341 11, but the Passive are flat at 14+, Dutch 2+
the Cents. at 651, and ditto 4 per Cents. at 101+ I ;
1 New. Brazilian Loan is marked + dis.
Me Ocean Marine Insurance Shares are 3-1-
Buenos 13131e111. ; Universal ditto, a -1,- prem. ; and the
:Vres Railway, 2+ -1, prem.
ItailwaY Share Market the chief businesss
transacted has been in connection with the half-
konthly settlement. In most instances prices have
:1 I"in less firmness. Caledonian, Eastern Conn-
,es, Great Northern, Great Western, and North-
w eat,ern have declined 55.; Manchester, Sheffield,
41, Lincoln, 10s. ; and Great Northern A Stock,
me; Lancashire and Yorkshire, North-Eastern
liZa.l37p) and South Eastern have improved ss. ;
The vl°B. ; and Scottish North-Eastern, £l.
shown littlereri
'and Colonial undertakings
Joint-Stock Baantki°° of
importance.
have
dull, and barely Support former quotations.

—____.—. tRITISH FUNDS THIS ONE DAY AT I O'CLOCK.
3 per Cent. Consols THIS
94k I. i i
India Stock ... ..
eDitto 5 per Cent.' t ' *******************
I°4l
1
o mo_ _ n •
, _ 18 for Account (April)
•nachequer Bills £1 000 lid ........
bitto X5OO .. - ' ' ........ 16
...................
131tIeEanS
SOF FOREIGN FUNDS AT ONE O'CLOCK.
Braz • ih •
per Cent.
Ditto 4i per C 18-S —
Dittoitt Scrip, 18e60. a
1 d
I:_jutgtAo,,:B4 x St., 5 per Cent —
~ It per Cent 971
per Cent., 1859 65
tir,r.1.:84 3 per Cent
Ditto-1 to New Deferred, 3 per Cent.
er pa,___
.. 14f
41trird,b, 6 Passive
79
Ditto per Cent
601
;;New Loan
•uitto Account
I) teb Dividends on the above payable in London.
iti-t—toAchange, 12 Gull' . 21 per Cent 651
~ertificates, 4 per Cent.
TWO O'CLOCK.
Consols, Money
Ditto Account