The Sun.
London, England, 1860-05-10 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two O'CLOCK.
REDUCTION OF THE BANK MINIMUM.
The directors of the Bank of England have re-
duced the minimum rate of discount from 5 to 41
per cent. This movement was fully anticipated,
owing to the diminished inquiry for money and the
accumulation of gold through the recent supplies
from Australia, and the limited demand for expor•
tation.

A further large amount of gold, viz. £130,000,
was sent into the Bank of England yesterday,
making the sum received there this week
£350,000.
There has been very little demand for money,
most parties having deferred their discount ope-
rations until the result of the Bank court was
ascertained, a reduction being generally antici-

pated.
The Liverpool Cotton Market, yesterday, closed
with a rather active appearance, and prices were
firm. The sales were 10,000 bales. In the Rail-
way Share Market business continued quiet, but
quotations tended upwards.
The Funds continue rather heavy, in consequence
of the unsettled state of continental politics. The
accounts from Prussia relative to the placing of
the army on a war footing, and the collection
of Russian troops on the Pruth have created an
uneasy feeling, which has led to speculative sales,
and consequent depression. Consols are now 951
for money, and 951 1 for the June account; being
per cent. higher than they were an hour ago.
Bank Stock remains at 226 and 227-3- ("the New 3
per Cents. are flat at 931 ; the Reduced at 933
; India New Loan is steady at 1063 1-; ditto 5
per Cent. Enfaced Paper has receded to 983- ; but
Exchequer Bills are without alteration, viz., 4s.
to 7s. prem.

In the Foreign Stock market business continues
quiet, and prices, in most instances, show increased
depression. Turkish 6 per Cents, have been
affected by the news from Constantinople, they are
now 76 to 77 ; ditto New, 60/ to 611; Peruvian
3 per Cent. have receded to 691; Portuguese, to
451 ; Sardinian to 86 ; Spanish to 481; Buenos
Ayres 6 per Cents. are firm at 87; ditto Deferred
are heavy at 241.
The Ocean Marine Insurance Shares are 21 3
prem.; Universal ditto, 3- I prem. ; and the London
and South Africam Bank 1 3 prem.
The last week's railway receipts, ascertained up
to this day, are in round figures as under :

Great Western ...
North-Western .
South-Western .

1860. 1859.
..£33,286 £31,608
82,583 73,035
18,600 18,268

Brighton

15,972 15,431

Midland

40;350 33;214

South• Eastern
Great Northern
Lancashire and Yorkshire

North-Eastern
Manchester, Sheffield, and Lincoln 12,070 10,509
Bristol and Exeter 6,681 6,398
Oxford, 'Worcester, and Wolverhampton 5,185 4,393
Edinburgh and Glasgow 6,258 5,949
Grand Trunk of Canada
Great Western of Canada
Glasgow and South-Western
Northern of France
A steady improvement is apparent in the above
returns ; the increase on the Great Western amounts
to £1,678, the North-Western to £9,548, the
South-Western to £332, the Brighton to £541, the
Midland to £7,130, the Great Northern to £2,522,
the Lancashire and Yorkshire to £,4,410, the
North-Eastern to £5,650, the Northern of France
to £BO7, Grand Trunk of Canada to £5,216, and
Great Western of Canada to £1,512.
The dealings in the Railway Share Market have
been moderately active ; a decline, how ever, has
taken place in values. Caledonian, Lancashire,
and Yorkshire, North Western, Manchester, Shef-
field and Lincoln, Midland, North Eastern, Ber-
wick, and Oxford, 'Worcester, and 'Wolverhampton,
have receded ss. ; Eastern Counties, Edinburgh,
Perth and Dundee, Great Western, Great
Northern A Stock, and South Eastern, 10s.
The Foreign and Colonial lines have been dull.
Lombardo-Venetian are flat, at 12.1 121; East
Indian have declined to 1011 102 ; Great Indian
Peninsula to 991 100 ; Grand Trunk of Canada to
331, and Great -Western of Canada to 131 131.