The Sun.
London, England, 1860-05-02 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two o'CLocK.

About 425,000 in gold was taken into the Bank
of England yesterday, and as there is still a large
supply in hand, while the export demand is mode-
rate, it is expected that further additions will be
made to the stock of bullion during the next few
days.

There is a very quiet demand for money, and as
the rates still range as low as 4+ per cent., a reduc-
tion in the minimum to 41 per cent. is expected
to-morrow. This measure, it is thought, will be fully
justified by the improvement that has taken place
in the general resources of the establishment
through the falling off in the demand for money
and the favourable specie movement. It is con-
sidered probable that the rates will descend to a
comparatively low point ; but, on the other hand,
there can be no doubt that, as soon as the market
assumes an easy position, new projects will be
brought forward which, if encouraged, will absorb
a large aggregate amount of capital.
The foreign exchanges yesterday afternoon were
generally a trifle lower.

The steamer Tasmanian, which leaves to-day for
the West Indies, will take out £6OO in gold, and
£5,800 in silver.

In the Liverpool Cotton Market yesterday the
transactions were rather less extensive, and prices
were very firm. The sales were 8,000 bales. The
Railway Share Market was closed.
The market for Public Securities opened with a
very buoyant appearance, and in consequence of
continued purchases, a further rise of 1 per cent.
took place. Sellers, however, then came forward,
and a reaction ensued. Consols at one time were
94,1 for money, and 94: .1 for the 9th inst ; they
has.re since declined, however, to 941 a and 941 re-
spectively. For June the quotation is 94: 1. The
New 3 per Cents. and the Reduced have improved
to 93 ; India Stock remains at 2191 ; ditto New
Lean has advanced to 1061 ; ditto Debentures are
firmer at 97,-1; and Exchequer Bills are 6s. to 10s.
p:rem.

Increased firmness is apparent in the Foreign
Stock Market, and the transactions have been
rather extensive. Turkish 6 per Cents. are 761 to
77 ; ditto New 611 to 611 ; Portuguese have
im proved to 441 ; Russian 5 per Cents. to 1081 ;
ditto 41 per Cents. to 971 98 ; Sardinian,
to 851 85; Spanish, to 481; ditto Deferred, 37;
Mexican, to 21! y ; and Brazilian Scrip, to 1 prem. ;
Austrian 5 per Cents. are marked 72 73.
The Ocean Marine Insurance Shares are 21
p rem. ; the Universal ditto, 2- prem.
The dealings in the Railway Share Market have
been to a moderate extent, and prices have shown
increased buoyancy. Great Northern, Great Wes-
tern, Midland, and South-Eastern improved ss. ;
Great Northern A Stock, London and Blackwall,
North-Western, North British, and Oxford, Wor-
cester, and Wolverhampton 10s.
The Foreign and Colonial undertakings have also
been at enhanced values. Great Luxembourg rea-
lise 647 ; East Indian, 102 ; Great Indian Penin-
sula, 994 100; Grand Trunk of Canada, 341 341 ;
and Great Western of Canada, 131 131.

Joint Stock Bank and Miscellaneous Shares are
in steady demand at about former rates.
Victoria Government 6 per Cents. have been in
active request, and have improved to 1071 1071.