The Sun.
London, England, 1860-04-12 00:00:00

MONEY MARKET AND CITY NEW&

CITY, Two o'CLocK.
ADVANCE IN THE RATE OF DISCOUNT.
The Directors of the Bank of England have raised
the minimum rate of discount to 5 per cent. It was
generally expected that some measure of the kind
Would be adopted, and the announcement has con-
sequently produced very little effect at the Stock
Exchange,
Considerable activity was experienced in the
money market yesterday, owing to the Consol
settlement, the preparations for the Victoria
.-Debentures, and the impression that the Bank of
ri,gland minimum will attain a higher figure.
limited
joint-stock banks and discount houses have
nMited their transactions for some days past, and
the available supply of money appears to be very
limited.
The negotiation of the proposed issue of .£2,650,000
..,
letoria Railway debentures has only met with
Partial success ; the amount tendered for was
£1,680,000, and offers accepted at and about 105--
tile minimum fixed by the Colonial Government—
°Cy represented £1,570,000, showing a deficiency
Of £1,080,000. It must be admitted, however,
that the stringent condition of the money mar-
ot was adverse to the operation, the previous
'Missions of these securities having taken place
when, the rate of discount was 23 per
cent., whereas it now stands at 43 per
eent., with the prospect of an immediate ad-
/epee to 5 or 53 per cent. The lowest bid
Iris 95, and the highest 108, the average being
1051 I. The result of this transaction will no
doubt act as a warning to the authorities in
Victoria, who, elated at the prices previously ob-
tained, were no doubt encouraged to bring for-
'Ward a much larger quantity than they had
offered on former occasions. Similar mistakes have
been frequently made ; the depression of Canadian,
Indian, and Brazilian Securities is solely attri-
butable to the excessive supplies which have been
forced upon the market. Dealings were recorded
yesterday morning in the Victoria Debentures, pre-
liously negotiated, at 1073, but the New closed
last evening at only 105 to 1051. To-day the quo-
tations has been 1044 to 1051.
The Mexican dollars by the last West India
Packet have been sold at 621 d per ounce, showing a
decline of -id. compared with the price realised for
the previous supply, but the bar silver has not yet
been disposed of.
Notice has been given by the Spanish Financial
Commission that the auction of the Foreign Re-
deemable Debt will take place at Madrid on the 28th
instant, for which purpose 748,960 reels have been
'igned by the Government.
The directors of the Scinde Railway Company
"re prepared to receive tenders for the unappro-
priated portion of the £250,000 debentures, of
4ums of not less than £lOO, about to be issued
under the guarantee of the Secretary of State for
India, bearing 5 per cent. interest, and payable in
flYe years, with the option of converting them into
stock at par.

A second call of L 5 per share has been made
°Y the Eastern Bengal Railway Company, pay-
able on July 20 next.

The Tasmanian bas been announced this morning
ftin the West Indies, with £65,458 in specie.

The Australian Banks will receive tenders for the
bilance of the Victoria Debentures at the price of
105 until Tuesday next. _

The Funds to-day `continue rather heavy,
tlthough the transactions, both real and specula-
!lre, have been limited. Consols for money have
been 94 to 941, and for account 941 ; the present
Prices, however, are 941 and 94,1 1 respectively.
,4,413 New Threes and the Reduced have receded to
:21 ; the New 21 per Cents. are 781; India New
1-03 an is steady at 104 i 1051; ditto 5 per Cent.
4faced Paper, 981 ; ditto 54 per Cents. are flat at
1031; the Debentures at 96,1 97 ; Exchequer Bills
are Bs. to 12s. prem. ; Bank Stock is firm at 226.
Business in the Foreign Stock Market continues
moderately active, but prices generally show a
decline. Turkish 6 per Cents. are 751 to 76 ;
ditto New, 61 to 611; Russian 5 per Cents. have
receded to 1071 ; Mexican, to 211 d ; Sardinian
to 83.1 Brazilian 41 per Cents. to 901; Chilian
remains at 102 ; but Dutch 4 per Cents. have im-
proved to 1041 ; Spanish are 461.
The Ocean Marine Insurance Shares are 2 Z
Prem. ; the Universal ditto, Za prem. The New
Vietoria Debentures are 1041 to 1051.
The last week's railway receipts, ascertained up
to this day, are, in round figures, as under :

1860. 1859.
reat Western ...£32,619 £28,890
p North-Western
e.th-Western
trighton 17,965 12,424
Midland
71ith• Eastern
`/reat Northern
Bristol
and Yorkshire .. 36,970 30,950
tristol and Exeter
C.°llh-Eastern
17,14 chester, Sheffield, and Lincoln
il rth Stafford
't',lford, Worcester, and Wolverhampton 5,046 4,346
t eblin and Wicklow " 1,949 1,594
adinburgh and Glasgow 5,859 5,691
liegow and South-Western
%rend Trunk of Canada
Ntt Western of Canada

The intervention of the Easter Holidays has
fused a most decided increase in the traffic returns
1f Most of the principal lines of railway in the
United Kingdom, compared with those of the cor-
responding week of last year. On the Great
Western it amounts to £3,729, the North-Western
£9,115, the South-Western to £3,885, the
Brighton to £5,541, the Midland to £6,145, the
°nuth•Eastern to £4,480, the Great Northern to
P,079, the Lancashire and Yorkshire to £6,020,
the North-Eastern to £5,199, the Edinburgh and
Glasgow
to £l6B, the Grand Trunk of Canada to
t 1,058, and the Great Western of Canada to
44,146.
The dealings in the Railway Share Market have
;eon on a moderate scale, and, with one or two ex-
,6Ptions,prices have further declined, notwithstand-
-1 the favourable character of the traffic returns.
Eastern Counties, and Lancashire and Yorkshire
rlutye receded ss. Caledonian, Great Northern,
great Western, Brighton, South Western, North
~(ts tern (Berwick), and South Eastern, lOs , and
'll4land, 15s. Bristol and Exeter advanced 10s. *I
.In the Foreign and Colonial Markets transac-
tlll4/18 have not been important, prices however are
t. Lombardo-Venetian realise 111 11i ; Great
,It
"nzembourg, 61 7 ; East Indian have declined
to 1014102,' ; Grand Trunk of Canada, to 33! 34;
Great Western of Canada, to 14 121.
,4.oint-Stock Bank and Miscellaneous Shares re-
main inactive, at about previous rates.

IBRITISH FUNDS—CLOSING PR22 ICES 6 .
tilk Stock
atr Cont. Reduced Annuities 925 1 ; 3
per Cent. Consols Annuities
144,4' 3 per Cent. Annuities
Ath,..-14. 25 per Cent. Annuities 785
lh-",, • 30 Years, expire sth April, 1885 175
--IA% Stock
Dittovs 5 per Cent.
Ditto Enfaeed Paper, 4 per cent.D.
981 8
ht,tto 5 per Cent. ...
D,-,2tto 55 per Cent 1035
.1\i...4 Debentures, 1858
Ditto, 1859
Ilih_lt° Bonds, £l,OOO par
(.1",, under £l,000
144 b. 41t for Account (May 9)
Stock for Account
Ettitto Account, 5 per cent.
11.-4equ r Bills, £l,OOO, 15d l2 8
ett4 £6OO l2 8
I t) small, 15d.
ItraOREIGN FUNDS—CLOSING PRICES.
IN-luan 5 ner Cent.
bi,llo Account
b."O 45 per Cent. 1852 905
itto 45 905
bit per cent., 1858
Chili to Scrip 18601 1 d
k . 84 6 per Cent
bi".ll 3 er Cent.
k tt° Account
.11„,,,.211115/
0.4.41:11, 1822, £ St., 5 per Cent .. 1075
2,
pbitit ttl, 5 per Cent
..,-kilia ~835
Account
11. ' 3 per Cent
tt, bittoAccount
,itt, New Deferred, 3 per Cent. —
~,I)itt-0 teeaunt
4.41,i0,, assive
Ditto'.6 Per Cent —
bit Account
Ditto New L
A Loan
...ccount
/1,4 Dividends on the above payable in Lonaok
batch4i 21
,A Per Cent., Ex. 25f ... 55
uitto zehailge 12 Guil. Cent.r Cent...
Certificat'es, 4 per
Money THREE O'CLOCK.
Consels Mon
Ditt gt
° °Villa F,teurittritt 941 i

Paid. Cloning Business
hart Bailways.Price. Done.
12.10 Auaberg., Nutting. Bost.
and Eastern Junction 10 ft 61 6}
80 ;:ielia ct and Ballymena all
13.14 [Cr., Wol., and 6'tr. Val all 8 84 8}
Stool Birk.,La.,andCh. June 100 70 72
25 Blackburn
25 Blyth atid Tv lie all
10 Bost. Sleid.& Mid. Coun all 63 75
Stock Bristol and Exeter
Stock Caledonian
10 Carmarthen & Cardigan all
50 Cork and Bandon 9 -
20 Cork, Blkrock,&Pacsage all
20 Cornwall all 6} 61
10 Do. A A roves. no
until6p.c.per an an
all
10 Do. B 1 hasbeen pd.toß.
50 Dublin andßelf ast June. all
25 Dun.,Perth,& Abr.Junc all 74 8
Stock East Anglian lOO 174 181 174 4
Stook Eastern Counties lOO 54¢ 554 55 4
Stock Eastern Union A Stock 100 36 38
Stook I Do. do. 'l3 Stocki 100 26 28
25 I Do.Nw.A.(lte.E.U3ds) 84
20 East Suffolk all
10 Do
Stock Edinburg and Glasgow 100 78 80
Stock Edin.,Perth, & Dundee. 100 30 304 30} 39
10 Forth & Clyde Junction all
StocklPurness
Stock:Glasgow& South Westn lOO 98 100
10 Great North of Scotland all
Stock Great Northern lOO 1134 1141 113} 14 134
Stock Do. do. A Stock lOO 117 119 1184 18
Stock Do. do. B Stock lOO 128 132
Stock Gt. South.& Wstn.(lreld) 100 113 115
Stock Great Western
Stock Do.Str.Vl.Rail Gua.Stk lOO 60 65 60
12 Irish South Eastern all
Stock Lancashire & Yorkshire 100 104} 1041 1044 1
Stook London and Blackwall. 100 67 69 68}
Stock Lon.,Brighton &S.Coast 100 112 113 112 1 ¢
25 Lond. Chat. and Dover all 12 13
Stock London & North Westns 100 994 100 994 4i 4 1
124 Do. Eighths
Stock London& South-Westn lOO 914 924 92} 11
' 25 L'derry & Coleraine
25 IL'derry & Enniskillen all
Stock Man., Shef., & Lincoln lOO 414 VI 424 42} 2
50 'Maryport and Carlisle -
124 Do. do. 5 Shares all
10 Metropolitan
Stock Midland lOO 117 1174 117 4
S lock Do. Birming. & Derby lOO 95 97 96
50 Mid. Gt. West.(lrcland) all
25 Do. 4 Shares all
25 Mid Kent all
10 Do. (Cray Line) all
100 Newcastle and Carlisle all .
25 New., Aber., & Ilerefd; all 104 114
10 Newry & Armagh (aef.) 9 14 21
20 Newry, Warpt., & Ros all
Stock Norfolk lOO 55 57
50 North. Counties Union 34 31 1 d
Stock North British lOO 604 61} 81 4el
Stock Nor.Dev.Rail.&Dk. Stk lOO
Stock Do.A Stk.— Arec.no div
until 6p.c.hasbeenpdß 100
Stock Do. B Stock
Stock'North-Eastn.—Berwick 100 95 951 95 41 51 5
25 Do. do. G.N.E.Purchase 1613 4 11 14 d 11 d
Stock Do. Leeds lOO 48 481 48} 1
Stook Do. York lOO 79 794 79 1
Stock North London lOO 105 107
20 North Staffordshire 174 31 31 4 13/ 14
10 No. & Sou. W. Junction all
Stock Oxford, Wor.,& Wolver lOO 42 44
10 Peebles all
20 Portsmouth
10 Rhymney lO 6 7
Stock Scottish Central
Stock Scoth. N. E., Aber. Stock 100 341 354 344
Stock Do. Scottish Mid. Stock 100 85 87
Stock Shropshire Union lOO 47 49 47
10 Sittingbourne & Sheer all 31 21 d
Stock South Devon lOO 43 15
Stock South-Eastern lOO 873 88} 874 81 } 4
Stock South Wales
Stock SouthYorks.&Riv.Dun lOO 75 80
20 Staines, Wok., & Wok all 6 8
25 Stockton & Darlington all 391 404 40 39}
25 Do. do.
Stockton & llartlepool 164
Stock Taff Vale lOO
Stock IDo. Preference, No. 1
25 IThamesHarenDk&Rail 22
50 Ulster
25 Do. 2O 24 34 p
12 10 Do. l} 4d 4p
Stock Vale of Neath lOO 59 61
10 Victoria Station & Pim 9} 10 11
Stock Waterford & Kilkenny 100
50 Waterford & Limerick all
20 West Cornwall
20 West London
10 Do. let Class all
20 Do. 2d Class

Stock
50
Stock
Stock
Stock

Stock
Stock
25
Stock
Stonk
Stock

Stock

Stock
Stock
Stock
Stock

Stock
Stock
Stock
Stock

Stock
Stock

12 10
Stock
10
Stock

PREFERENCE SHARES.
Paid./ Closing Engines'
Share Railways. Pries. Done.

FOREIGN RAILWAYS.
10 Antwerp & Rotterdam all 45 45 45
20 Ardennes all p
20 Bah.&S.Fran.,Lim.7p.c 7 5d par
5 Belgian East. Junction all 5 1
20 Beziers to Graissessac all
10 IBuen.Ayres& S. Ferndo 25 25 3 b
6 ,Carmeaux Mine & Rail all 15 25
100 Copiabo
10 Ditto Extension all 11 15d
20 Dutch Rhenish
20 Eastern of France
20 Grand Rus. Guar .5 p.c 6
20 Great Central of France all
20 Gt. Luxem., Con. ohs all 65 7 64 7
20 Italian Junction all
20 Lake Constance & Bale all
20 Lierre and Turnhout all
20 Lombardo Venetian lO 15 15p 111 1
20 Lyons and Geneva
335 Maria Antonia all
10 Do. do. New
20 Namur and Liege all 8 85 85
20 Do. do. 6p. c. Pref. all 19 195
16 Northern of France
20 Do. New Shares
10 Norwegian Trunk Pref all 85 95
20 Paris,Lyons, and Medit all 365 37
20 Paris and Orleans all 53 65
20 ( Recife& S. Fran. (fern.) 13 If lid
gua. 7 p. et. (Lim.)
20 Riga and Dunaburg lO
10 Rome and Frascati all
20 Royal Danish all 13 15
5 Royal Swedish
4 Do. 7 per cent. Pref.
20 Sambre and Meuse all 54 6
10 Da. 55 per cent. Pref.
20 San Paulo (lim.) g. 7;p. c 2 4 Id, 15
20 Southern of France all 20 21
85 West Flanders all 55 5f
10 Do. 55 p. c. Preference
20 W. & N.W. of France all 22 23
20 Western of Austria 6
20 Western of Switzerlan all
6 Wiesbaden
6 Do 8 per cent. Pref all
20 Zealand.
COLONIAL GOVERNMENT SECURITIES.
Can.Gov.6p.e.J a. & J ulyi 100 1114 116
Do. 6 p.c.leb.&Aug. 100 1109 111
Do. 6p.e.Mr. & Sep. 100 110 112
Do. 6 per cent. 1878 109 -
- Do. 6 per cent. 1879 100 1115
N.8.G0v.6 p.c. Ja. &July 10C 107 109
Do. 6p.c.Ap. & Oct. 100
N. S.W. Gov. sp. c. Deb. 106 995 100
D0.5p.cen.1871 to 1876 100 995 1005 995
Do.sp.cen.lBBB and up 100 995 100 994
NovaScoirlaGov.6 p.c.
Deb. redeemable, 1875 100 109 109
S.Aus.Gt.6pc.Jan&July 100 110 112
Vict.Gov.6p.c.Jan&July, 100
Do. do. April & Oct. I 100 1045 1055 105 45 65
MISCELLANEOUS.
10 Anglo-Mexican Mint
1000 A.tlantio Tel. (Limited) all
25 Australian Agricultural 19 32 23
10 Australian Royal Mail . all
19 Berlin Water Works
50 British American Land' 40
50 Brit. & Irish Mag.Tel.A.l all 37 39
20 Do. B, 7p. c. till 1862 all 20 22
20 Do. C .
100 Canada Land 325 122 125
10 Chan.lslands Tel.(Lim )I all 6 8
Stock Cop.Min.olEng.SiSmltc all 25 30
25 Do. Preff-rence 75 per ci I all 246 255
Stock Crystal Palace.
5 Do. Preference al 99 101 100 904
Stock Do. 6p. c. Perpet. Deb lOO 103 106
Stook Electric Telegraph lOO 106 108 107 65
25 Do. New
5 English Sc Aust. Copper all 25 25 25
15 ,Gen. Steam Navigation. 14 265 i
1 ;Great Ship (Limited) all 5 5
20 !Indian & Aust. Telegr 2s.
5 ILondon District Telegr 2 1 id
20 London Discount 5 11 1 d
4 Lond.Gen. Omnibus Co all 11 15
20 Madras Irr. and Canal 1 2 25 35
10 Mediter. Electric Teleg. all
10 Med. Exton. Tel. (Lim.) all 3 4
25 'National Discount Co 5 1 5 di
10 Netherlands Land all I
5 ID° 8 p.c.Pref. ,iss. at 1 dis all
100 11`7.13r.&NovaScotiaLand 80 10 15
1 N.B.Australasian (Lim ) all
1 Oriental Gas
1 Do. New Shares lss. 5 par
10 Orientl. In. Steam, A i 6 I
10 Ditto B 6
10 Ditto C 2s. -
Stock Peel River Land & Min. 100 49 51
50 Pen. & Oriental Steam. all 78 80
50 Do. New l5 13 15 ift
20 Red Sea & Ind. Telegr. 15 par 5 p
50 Rhymney Iron
15 Do. New all 5i 65
100 Royal Mail Steam 6O 52 54
Stock Scot.Austrln.lnv.(Lim ) 100 120 130
25 South Australian Land., all 345 34
1 Submarine Teleg. Scrip all I
1 I Do. do Registered. all
20 .Tr.& Ln.Co.of Upr. Can. 5 I -
1010 'Van Diemen's Land ..1 285 10 11

SUN OFFICE, Seven o'clock.

NEWMARKET RACES-(THIS DAY).

(BY ELECTRIC TELEGAPH.)
£5O HANDICAP PLATE.

Tyrant
Blue Jacket

Bevis 3
Nine ran. -
CLARET STAKES.

The Promised Land Walked over,
HURSTBOURNE STAKES.

Richmond
Loiterer
ASKE PRODUCE STAKES.

Sparrow Hawk t 1
Sabreur ...

SWEEPSTAKES OF 100 SOVS.
Vicar of Bray 1
Drum Major