The Sun.
London, England, 1860-01-31 00:00:00

RONEY _MARKET AND CITY NEII S.

CITY, Two o'CLocx
ADVANCE IN THE BANK RATE OF
DISCOUNT.

The directors of the Bank of England announced
at an early hour this morning that the minimum
rate of discount had been raised from 3 to 4 per
cent.

This important alteration, although it amounts
to 1 per cent., and has been adopted so early in the
week, was in some measure anticipated, owing to
the rapid flow of gold to the continent, and the ex-
citement created in the Discount Market by the
impression that a change would necessarily ensue.
The demand for money yesterday afternoon be-
came unusually active, as some of the commercial
community hastened to obtain all the assistance
they required during the seat few weeks while the
rates remained unaltered. The advance, therefore,
became necessary; and, if it should arrest the drain
of bullion, monetary affair% may soon settle down
into a quiet state. The ordinary requirements of
trade are yet too moderate to create any pressure
for money ; and, notwithstanding the recent intro-
duction of new schemer., the present disturbance is
attributable to diminished receipts of specie and
augmented shipments of gold to the Continent and
of silver to the East.

During the last few days the transactions in the
Foreign and Colonial Produce Markets have been
rather restricted owing to the increased value of
money consequent upon the advance in the mini-
mum rate of discount. Prices, however, have, in
several instances, been fully sustained. For tea
there has been a steady demand, and the finer
descriptions have realised full rates. The transac-
tions in sugars have not been extensive, only the
finer qualities finding purchasers, at about late
quotations. Coffee has been neglected, and the
dealings in rice, fruit, and spices have been re-
stricted to immediate requirements. At the public
sales of cinnamon less firmness was apparent, and
the rates realised were a trifle under those obtained
at the previous sales. Saltpetre has maintained
its value, and more activity has been apparent in
the tallow market, the demand for consumption
having considerably increased, the trade having
operated to a fair extent in most qualities at slightly
advanced rates.
Letters from Liverpool report that the Cotton
Market yesterday closed with a very animated ap-
pearance, and prices of all descriptions were well
supported. The sales were estimated at 10,000
bales. In the Railway Share Market only a very
small amount of business was transacted, and quo-
tations exhibited a further decline.
About £76,000 in gold was withdrawn from the
Bank of England yesterday for exportation.
A meeting has been convened of the Mediterra-
nean Extension Telegraph Company for the pur-
pose of considering the general position of the
company's 4fairs.
Therdr*Snoebeen inueh animation in the market
for Publics Securities to-day, the rise in the rate of
discount not having stimulated speculative business.
Instead of creating depression, however, the mea •
sure, which it is thought, will artaboilWeilhix-Of
gold, has led to a fractional recovery. Consols,
Which were: at first 94 to 94k, being 944 -I for
money and account. The New 3 per Cents. and
the Reduced have'reeeded to 944 r; India Stock is
heavy at 218 to 220 ; ditto New is steady at 106 I;
ditto 6 per Cent. Enfaced Paper has declined tp
97} ; and ditto if per Cent. to 104; Exchequer
Bills are also very depressed, viz., 265. to 22e. gem.
Only a very small amount of business has been
transacted in the Foreign Stock Market, and prices
exhibit no change of importance. Turkish 6 per
Cents, are 784 to 79; ; ditto New,
.661 to 67 ;
Russian 44 per Cents, are steady at 971, and
Spanish at 441- f ; Venezuelan 3.,per Cents. have
receded to 261, Mexican to 20121, and Dutch 2f
per Cents, t 0,661.
The shares of the Ocean Marino Insurance have
been dealt in at 21 prep. ; the Universal ditto at
preen. ; the Bank of Turkey, k dis. to prem. ;
and Canada Loan, 2 prem. (the second instalment
of 8 per cent. is due to-morrow).
The transactions in the Railway Share Market
have been 'rather limited, and the few dealingi
• entered—int,o have been at further reduced rates.
Great Western, South Western, Midland, North
kitish;,and North Eastern Berwick have declined
-"AL ; 'Eastern Counties, Lancashire and Yorkshire,
rifighton and South Eastern, 10s., and Caledonian
£l.

In the Foreign and Colonial undertakings
there was not much variation although
a very heavy tone prevailed. Lombardo-Venetian
Were flat, at 11-2 111 ; Pernambuco brought 11k,
and Bahia and San Francisco 6k. Grand Trunk of
Canada remained steady, at 341 35, and Great
Western of Canada at 12 121. East Indian de-
clined to 101, and Great Indian Peninsula improved
to 981.
Joint Stock Bank and Miscellaneous Shares have
been in very limited request, with little variation
of importance in prices.

ehl'rllllll PIXIE THIS DAT AT ONE O'CLOCK.
"lank Stock
$ iker Cent. Reduced Annuities 94 i
a per Cent. Consols Annuities
New 3 per Cent. Annuities
Anna. 30 Years, expire sth April, 1885 l7l
India Stock
Ditto 6 per Cent.
Ditto Debentures, 1858
Ditto, 1859
Ditto Bonds, £l,OOO
Ditto under £l,000
Ditto 5 per Cent.
Ditto 51 per Cent.
Oensols for Account
Iltdia Stook fir Acounnt —
Ditto 6 per Cent.
t zoh tquer Bills, £l,OOO, lfd .. 20 18 22 16
Litt. £SOO
Ditto Small, I.ld
?ftiOlie OF YORBION FUNDS AT ONE O'OLOCK
Manisa* 3 per Cent.
Vitt() Account
kussian, 1822, £ St., 5 per Cent —
Ditto 4} per cent
llmitish 3 per Cent
°Partish Corn. Cert. of Coup. not funded 4i- I
1 krkish 6 per Cent
Ditto Accsunt
66
72861 I 9
Ditto New Loan
Venezuelan 3 per Cent
Dividends on the above payable in Lon! doi.
botch Exchange, 12 Guil. 21 per Cent 261
Ilittch Exchange, 12 Guil. 21 per Cent 66/

TWO CLOCK.
Console, Money 94k
Ditto Amount (Feb.)

THE GAS SUPPLY.

TO THE EDITOR OF THE SUN.
Sir,—On Saturday night the supply of gas by
the Equitable Company was so deficient that the
stage of this theatre was almost in total darkness,
While at many houses in the neighbourhood candles
Were used to enable persons to carry on their busi-
ness. At this season of the year, when the managers
of all the metropolitan theatres have gone to great
oxpense in the production of their Christmas enter-
tainments, it is very disheartening to find their
*torts entirely frustrated through the want of suf-
ficient light.
I have frequently remoistrated with the company,
but without effect, and I now make my eomplaint
public, in the hope that something may be done to
remove a monopoly that leaves a consumer entirely
at the mercy of the companies controlling the
various districts of this metropolis.
As I pay about £l,OOO per annum to the Equit-
able, I must say their treatment of me does not at
all illustrate the title of that compat.,
Knowing how willing you are " all times to
urd a space in your influential journal in order
to call attention to a public grievance, I trust you
"ill oblige me by inserting this communication.
Yours obediently,

J. B. BUCKSTONE.
Theatre Royal, Haymarket, Jan. 30.

case,
V. BOYNTON.—In reference to this
e, Which was tried in the Divorce Court on Saturday,
iz
John. Scott, the well-known trainer of horses, says
name is made use of by the respondent in a manner
beg floated to injure me in the estimation of the public. I
y I never in my life di..d Jr bad luncheon with isptain or Mt s. Boynton, eittici .t Bsverley or elsewhete ;
there
was in his house, nat. did I ever see thelady. As
emere is no other trainer named John Scott, I feel myself
Wstr.,(l Upon to denounce the statement as a deliberate false-
.Zuu, and I trust you will, by the insertion of this letter,
olve it the most unqualified contradiction.
0 .OWe understand that Colonel R. Blucher Wood,
07)1, succeeds Colonel Bloomfiold in the command of the
4,„_. pa at Coldwater..-Artity on4Zravy 004(ef.