The Sun.
London, England, 1860-12-31 00:00:00

NONZT MARKET AND CITY H'S.

AI,Tr CITY, Two o'CLocii.
-LZATION IN THE BANK. RATE OF
DISCOUNT.
..11,11e minimum rate of discount at the Bank of
:gland has been advanced this morning to 6 per
v'?t., and the measure has not created much sur-
-1'011", because the demand for gold for shipment
the United States, and the increased activity of
the
money'
market had prepared the public for a
modification
of the terms upon which the directors
conducted their operations. The latest return
e libited a very unfavourable change in the posi-
tion of the establishment. Animportant decline was
reported in the bullion, while the other securities
here augmented to the extent of £636,782, and the
b
atanee-sheet, taken altogether, was the most un-
satisfactory presented throughout the year.
There is still an active demand for money; and
Batonry probable that a portion of the accommo-
, obtained last week was procured, not for
'ulMediate requirements, but in anticipation of
enhanced quotations.
The adviees from the manufacturing districts
mention that the transactions generally have been
v an unimportant character, owing to the inter-
:ection of the Christmas holidays. At Manchester,
Leeds, Bradford, and Huddersfield, and most of the
tbiery
en districts, the operatives, however, have
been Well employed in the fabrication of spring
tanc'de. The late severe weather caused an increased
demand for worsted hosiery at Leicester, and the
~"°/kpeople continue to be fairly engaged upon con-
Lreot orders. In the hardware districts there is no
change of importance to record, and at Birming-
ham, Sheffield, and Wolverhampton the process of
stock-taking has been the chief business attended
to dcring the past week.
The Directors of the South Australian Banking
of 10
have notified that a dividend at the rate
10 per cent. per annum will be payable on and
after the 16th of January.
Thl, Saxonia, from New York, has brought
*93200 for France.
, In the Liverpool Cotton Market, on Saturday,
4ucainess continued rather active, and prices were
111413' maintained. The sales amounted to 12,000
vales.
Mediterranean
first annual meeting of the London and
74diterranean Steam Navigation Company has
jrt been held, when it was stated that pending
t completion of the company's fleet,!which is ex-
peo
eted at an early period, several vessels have been
chartered to keep up the connection between Lon-
don and the Italian ports, and have exhibited satis-
tol7 results, which enables the directors to
1;
(s:Prese their conviction that when the company's
1,711 steamers can be engaged, a profitable return
be made to the shareholders.
The Market for Public Securities has been rather
depressed in consequence of the advance in the
value of money ; th e speculators, although opera-
ting to a very limited extent, having been encou-
k-a,ed to effect sales. Consols have, therefore,
they
about 1, per cent., viz., from $2l, at which
abundant
opened, to 921 There appears to be an
supply of stock, and the greatest diffi-
-41 is experienced in obtaining loans, even at
C 4.37 onerous rates of interest. The New Three per
etits• remain at 921; the Reduced are flat, at 921;
Bank Stock is at 233 ; India Debentures have re-
ad to 951 961; and Exchequer Bills are flat, at
%die. to par.
in-u4siness in the Foreign Market has been exceed-
eetlY dull, and prices are heavy. Turkish 6 per
nts• are 70 to 71; ditto New 56 to 56t ; Portu-
'neee are flat, at 47 ; Mexican at 2111; and Bra-
:47i.alln. 41 per Cents. are steady at 861 ; Buenos
Ayres Deferred are 30i.
been the Railway Share Market the dealings have
have
very limited, and in some instances prices
itfe allowed rather less firmness, owing to the
Cance in the value of money. Great Western,
htilleashire and Yorkshire, and South Eastern
it've receded ss. ; and Midlands and North-
-68". ern (Berwick), 102. ; West Midland improved

hrie Foreign and Colonial lines have been in
s! limited request without any material
bl'inge in values. Antwerp and Rotterdam realise
: ; Grand Trunk of Canada, 24 ; Great Western
0
Canada, 11; and East Indian, 981 t•
Joint Steck Bank and Miscellaneous Shares con-
Lille inactive, and late rates were barely supported.

II BRITISH FUNDS-ONE O'CLOCK.
a '''kb. Stoek
trier Cent. Reduced Annuities 924 f 2
Pr 3
le..- ,Per Cent. Annuities
otock
biro 1-)
bitti,----ebentures, 1858 954 6k
co,„_ .0, onds Ll,OOO 7 5 dis
14"018 for Account, Jan. 10
DStock for Account —
Itz 40 6 per Cent. for Account lolf
cll et•
rter Bills, £l,OOO, 1&d
Ditto Small
11t....., FOREIGN FUNDS-ONE O'CLOCK.
ian 5 per Cent
lliw,tto 4i per Cent. 1860. B6l f
V4il Ayres, 6 per Cent
k....,.0 Deferred
Portuguese
8 per Cent 2ll I
`llguase 3 per Cent.. 1853 47
Tii,L‘to.,., 3 per Cent., 1856, '7 and '9 .46
bir, 6 per Cent 7of
-'" Now Loan 64
-Dividends on the above payable in London.
TWO O'CLOCK.
ColUiols for Account, ex div. ......... 924 i