The Sun.
London, England, 1858-01-28 00:00:00

A_lD

RAILWAYS.

r. 3 0 *NiMETICIA.L INTELLIGENCE,

Bhr. (Pi

Id] NAILwA-D.

rr c
yesterday.

CITY, Two O'CLOCK.

Letters from Liverpool mention that the Cotton
Market yesterday presented a very firm appearance,
and prices of all descriptions continue to improve.
The sales were estimated at 8,000 balez, 2,000 of
Which were taken by the speculators. The Rail-
Way Share Market closed quietly, and only a very
limited business was transacted, at about previous
rates.

bg. Nottn". Bost.
& Eastn. June....
11 Belfast & Ballymen
611 Birrang. Wolverh.
Stour Valley
Wrkenhd. Lancsh. ,
Cheshire Junct
al Blackburn
11 Blyth & Tyne original
£25 (iss. at £45)
)0 Bristol &
)0
)0 Chester & Holyhead
,II Cork and Bandon...,
J 1 Cork, Black. & Pass
al Cornwall
al Do. A
11 Do. B ......
11 Dublin&BelfastJunc.
II Dun. P. &Abet...Banc.
East Anglian
C) Eastern Counties
0 Eastern Tjni on ,A. stk
Do., do. B.
Do. New A ........
,Il East Kent .........
10 East Lancashire ..,
,11 East Suffolk ......
al Do.
,Edinburgh& Gl ;sgow
al iEdinb. and Peebles...
)0 Edinb. Prth. &Dunde,
11 Forth and ClydeJunc.
0 IFurness ........

51
84 - 81

71 - 73

64: -6i

92 - 94
91 - 914
38 - 40
10 - 12

About 11,0001. in gold was sent into the Bank
of England yesterday, and the total stock of bul-
lion in that establishment must now exceed
15,000,000/. The Australian vessels, now overdue,
Will no doubt ensure a further augmentation, the
export demand being very quiet. Nearly three-
quarters of a million sterling must now be near at
hand; Borne of the ships, including the Marco Polo,
the Northumberland, and the Oliver Cromwell,
having been upwards of 00 days on the voyage.
The demand for silver continues very inactive,
but the prices of bars remains firm at ss. lid. per
oz. standard.

••• - ...
4 - 5

••• .--. •••

-ai
8 - 9
191 20
621 - 63
47 - 49
32 - 34 ,

15 - fi
91 - 93

sih 66,

io : ii

ALTERATION IN THE BANK RATE OF
DISCOUNT.

A reduction of 1 per cent., viz., to 4 per cent.,
has been made to-day in the minimum rate of dis-
count. It was generally expected that the directors
would adopt this course, owing to the easy condi-
tion of the Money Market and the immense accumu-
lation of both notes and gold which has taken place
in the national establishment. In anticipation of
the change, the London and Westminster Bank had
lowered their allowance for deposits to 2 per cent. for
sums of 5001. and upwards, and 1 percent. for smaller
deposits. The other banks will no doubt make a
similar reduction, as they have already more money
than they can satisfactorily employ. In Lombard-
street there is still a very limited inquiry, and bills
are negotiated at 3 per cent. and under, so that the
reduction just made will fail to attract an increased
business to the national establishment, where a
further relaxation may be consequently expected
in a few weeks.
The Funds are buoyant. Before the decision of
the Bank Court was known a rise had taken place,
and the measure itself produced no additional im-
provement, showing that it had been "discounted."
Business in the Consol Market is not very brisk,
owing to the approach of the settlement, but pur-
chases for the March account have been effected,
which have increased the strength of the market.
Consols have risen to 951 for transfer and the
4tb proximo, and to 95ii. for March. They are
now 951 a and 95i respectively. The New 3 per
Cents. are 95i ; the Reduced, 951 ; Exchequer
Bills, 20s. to 235. prem ; do. Bonds, 99; to 100 e ;
and India ditto, 15s. to 17s. prem. Bank Stock
is 226, and India ditto 218 to 222.
In the Foreign Stock Market a general advance
has taken place, and a fair amount of business has
been transacted. Turkish 6 per Cents, have ad-
Tanced to 983/4 99, and the 4 per Cents. to 105 k.
Peruvian 4i per Cents. are higher, being 79 ;
Brazilian 6 per Cents. have improved to 1021 ;
ditto 41 per Cents. to 983/4 ; Buenos Ayres 6 per
Cents. to 98 ; and Sardinian 5 per Cents. to 891.
Portuguese 3 per Cents. are steady at 441 ; and
Dutch 2i per Cents. at 651.
The following are the nominal prices of Foreign
stocks :—Grenada Deferred Bonds, 51 6; Mexican,
tee ; Peruvian 4 per Cents., 77 79 ; Ditto 3
per Cents., 53 55 ; Portuguese 3 per Cents.,
44 45 ; Russian 5 per Cents., 109 111 ; Ditto 4i
Per Cents., 98 100 ; Spanish 3 per Cents., 41k ;
ditto New Deferred, 251 26.
The last week's railway receipts, ascertained up
to this day, are in round figures as under :

!Glasgow & S. Western
a !Great N. of Scotland
0 jGreat Northern
0 Do., A. Stock
!Do., B. Stock
Gt. Sth.&West.(lre)
10 Great Western.
10 Do. Str. V.R gua.St
Lll Irish South-Eastern.
11 Lancaster &Carlisle.
4li'Do., Thirds
Do. New Thirds
Lancash. & Yorkshire
Do., do. F 116
Do., Wst. Riding Un
Do. Southport.
London & Blackwall
Lond.Bright.&S.Cst
London & N. Wester
Do. Fifths
Do. Eighths
Loudon & S. Western
Lndndrry.drColeraine
Lndndrry. dr Ennisk.
Wanch. Shef. &Lincln.
Metropolitan
Do. J. L. Ricardo's
arrangement
......
Do. Birming. & Derby
Midland O. West.(lr. )
Do. 3 Shares .........
Newcastle &Carlisle
Newpt..A berg.dzHrfd
Newry & Enniskillen
e wry , Warrenpoin+
dr Rcstrevor
Norrolk
Northn. Counties Un
North British
North Devon, Rail. &
Dock Stock ......
Do., A Stock .........
Do., B Stock ......
N. Eastern - Berwick
Do. do. Extension
Do do. G.N.E.Purch.
Do. Leeds
Do. York
North London .
N. & S. Wstn., Hamp-
stead, and City Jn..
North Staffordshire..
Nora Western..
N. & S. Westru. June
Oxford Worcester Gt
Wolverhampton
Portsmouth ..
SRhymney
cottish Central ...
Sc't. N.E.Abrdn. St
Shropshire Uniou
Sitingbourne &Sheer,
South Dev0n........,.
South Eastern
Do. 43 por c. Sharesl
,South Wales.....
S. Yorksh. River Due

93 - 95
9i - 10,
1043 - 105,
91 - 93
129 - 131
102 - 104
60 -
58 - 62

80 85
9 11 p
9 11 p,
931 94 '
1 d

109 k -
- 11611
100 A - 101

k - $
98 —99 d

. - ...
40;- 414

94. - 95
66 - 68

13 - 14

63 - 65
31 -Zi
51-4 55,

bi 6

is
511
52.
83} 81
93 97

... - ...
3: - ti

.•. -- ...
B,i -- 9i

32 ---- 33
9 5 d,

106 108
25 - 26
48 - FO
3A - 21
35 - 37
75 - 76

82 83
13 15
7 5d
9 11
36 38

!Staines,Wok.,&Wok.
(Stockton & Darling
Do. do., 1854
Do. do., 185
Stockton (Si Hartlepl
Taff Vale
Do. Pref., No. 1
Thames Hay. D. &R
Vale of Neath
)Waterfd. & Kilkenny
Waterford&Limerick
'West Cot nwall I
West End of London
and Crystal Palace
Do. A
Do. B
West London
Do. First Class
Do. Second Class..,
Wmbledon &Croydon

1858. 1857.
Great Western
North. Western.
Routh-Western
Erighton
Midland
Routh-Eastern 15,492 14,878
Great Northern - 23,750 21,549
Lancashire and Yorkshire 19,102 21,748
Bristol and Exeter 4,913 5,146
144 Lancashire 5,078 5,879
Lancaster and Carlisle
Manchester, Sheffield, & Lincoln 9,127 9.003
isiorth-Eastern
North Stafford
Oxford, Worcester, and Wolverh 3,812 3,808
Edinburgh and Gla'gow
Glasgow and Sou h. Western
Eleottish North-Eastern 3,440 3,240
Grand Trunk of Canada
Great Western of Canada 8,212 9,369
Qreat Luxembourg . 7Bl 651
The dealings in the Railway Share Market this
blorning have been very I.mited, and the few
transactions reported have been chiefly in con-
Zection with the settlement of the account, the
arrangements for which are now in progress.
North-Eastern (Berwick), South-Eastern and
Great Western, improved 10s. ; Lancashire and
/orkshire, North-Western, South-Western, and
North-Eastern (York), 1/. ; and Caledonian and
great Northern, 11. 10s. The Foreign lines ha"e
been quite neglected, and in the Colonial under-
takings there is a slight improvement to report.
Grand Trunk of Canada have advanced 11., and
East Indian, 10s. ; Great Western of Canada and
Great Indian Peninsula were at about previous
Bated.

20} -20 i

7 -
3 -
6 -

Joint Stock Bank and Mi3cellaneous Shares are
quiet. Bank of Egypt have advanced 10s. ; Lon-
don and Westminster, ss. ; Australian Agricul-
tural, 108. ; and Netherlands Land Preference
;Shares, 53.

it/Lang/I FUNDS THIS DAY AT ONE ', —o'
ii, (-From the Official Ltst:l
Sank Stock
3 per Cunt. Reduced. Annuities
3,Per Cent. Consols ALIDAiti6F 95 95;
iiii
‘,'" "7 3 per Cent. Annuities 951
•govr 2i per Cent. Annuities
India Stock
18 222 18
ladia Bonds, £lOOO ..• ..... .
W
~. r)itto, nde£'looop
otsole fu.
r 10Account,
kr,heost Bills, -4.3 d.
£l.OOO ........... ....
100.1
23 20 p
S-nell. ...
Exchequer BOnds 15.q.ii, 3i per Cent 99i 100 k
unto, 1359 ...
V 99
VICES OF FOREIGN FUNDS Al ONE O'CLOCK.
.ssrasinan 5 per Cent.
, Ditto 1852, 4i por Cent.
c'lleuos Ayres Bonds, 6 per Cent. 9B
L rens.da New A etive, 2} per Cent.
Peruvian Bonds, 41 per Ceut 79
Portuguese Bonds, 5 per Cent., Con. 1841 --
tDitto 18b3, 3 per Cent 441
4trdinian Howls, 5 por Cent.
wtxrktah Bonds, 6 per cent. .. . 9B i
Ditto Guaranteed, 4 per Cent. . 105.i 5
Dividends on the above pa. able in London.
35144 Exchange, 21 per Cent., 12 Guilders 65)
TWO O'CLOCK.
Consols, money 9sk i
Consols for account
Consols account (Larch)

.A.tivices are shortly expected to remit. London by tele-
graph announcing the arrival of the steamer European
at Suez Isom Australia. As the acccounts which reached
London early in the present month stated that the
%hips Blackwall, Donald M'Kay, and Guy Mannering
gwere fixed to leave Melbourne in November, and the
ent and Shaftesbury early in December, the intelli-
gence by the European will probably mention the
Shipmenti of a large quanuity of gold, in addition to
71,000/. already known to be actually at see.
ITELEGRAPHIC COMMUNICATION WITH INDIA. The
lourt of Directors have again had under their considera-
ce. the question of telegraphic communication with
Nita, and have again expressed their willingness to
Valet to the Red Sea Telegraph Company such support
and
d ble them to raiee the neces-
e assistance as Woul- "a We believe that the
-aar.„ll capital for the undertakieg.
~,,._ es,,i .
'4°ll" ',melted for a line of telegraph from Suez to
47-etltr,rachee is; 700,000/. ; and the Court, we understand,
rrePared to- join with her Majesty's Government in
241-413teejarlog.,la revenuesthequivalent to 5 per cent. upon
that awn,
e urk is finished and as long a s
it is kept
itt
goooonda
The proposition now onlyr
order.
4tl:l4iLta the ratification of her Majesty's Trea,fuouyr,
month "a°ca, by the bye, a similar plan was submitted
or (Lue aRO - vieliout eliciting any expreesion of approval
4uPPert.- Daily News.
Tuesday.—The
rieeT,4l. OP TRADE.—MANCHESTER,
has .if 4,1. P, it lb, in the Liverpool market since Friday, are Icauecc id this market in a similar degree. Spinner.
tidra:kicg from J. to 41. per lb. more than en
is -blia3' an fi Friday and iu isolated (-sees tuie advance
kate,esalned ; but, ai a rule, the effect has been to
lituit-e'd'all7 cle eck business, the sales of the day being large} ' The trade, collectively, are buying cotton BO
N, °Lola Y. Btct tO induce the belief that they have no
Ito-enact tho Criiiid
of 1857.

MONEY MARKET; MARSETS-4This Dv),

Business done
this day.