The Sun.
London, England, 1858-01-07 00:00:00

MONEY ;MARK ET

OMIVIE2CIAL EITELLIGENCF.

CITY, Two O'CLOCK.
A marked improvement seems to have taken
place in the pcsition of monetary affairs upon the
Contineitt. At Paris the minimum rate of dis-
count, from 8,9, and 10 per cent. has re-
ceded to 5 per cent., and a further reduc-
tion is expected. Indeed, it would not create
surprise if the terms were adjusted at 4 per cent.
to-day, so satisfactory are the advices received in
reference to the movements at the Bank. The
dulness of trade, precisely as in this country, has
led to a diminution of pressure, and specie
is also accumulating, without the assistance
of gold purchased abroad. In Holland,
Prussia, and Belgium the rates of discount
have declined and the effects of the late
crisis are rapidly disappearing throughout the north
of Europe. In Stockholm, a guarantee association
has been formed by merchants and others for the
purpose- of supporting credit, and great benefits are
likely to be derived from its operations. Moreover, a
loan of from 600,0001. to 700,0001. will be raised
by tho Swedish Government with the view of
affording relief to those who have lately suffered
from the adverse current of events. The Norwe-
gian Loan of 220,0001. contracted by Messrs.
Baring will also exert a beneficial influence.
At Hamburg the discount quotation is
per cent., and in Belgium it is 41 per cent.
In all directions, therefore, money is getting
cheap, and after the late severe stringency the op-
posite extreme will probably be experienced, when
arage for speculation will be created, and a multitude
of questionable undertakings may be expected to
be brought forward for public patronage.
The gold sent into the B ink yesterday amounted
to 125,0001., making the total influx since the date
of the last published weekly return upwards of
1,100,000/.

Accounts from Liverpool state that the Cotton
Market yesterday closed firmly, and prices slightly
improved. The sales amounted to 8,000 bales,
1,500 of which were taken by the speculators. The
Railway Share Market manifested a steady ap-
pearance, with an upward tendency in quotitions.
At the meeting of the Netherlands Lrnd Enclo-
sure Company to-day a resolution was proposed
for raising 160,0001. by the issue of 16 000 obliga-
tions at 7 per cent., repayable in seven years, by
instalments of 21. 10s. each. Some discussion took
place, but the resolution was carried. It was
stated that 422500/. of the amount had been already
taken up.
A meeting of tho creditors of Messrs. Wienholt,
Wehnor, and. Co., took place at the London Tavern
to-day, when a statement was exhibited, which
showed the total liabilities to be 93,5141. ls. Bd.,
and the estimated assets 83,097. 3s. Some dis-
cussion took place, in which the firm were compli-
mented for the straightforwardness of their conduct
towards their creditors. It was agreed that the
affairs should be wound up under inspection.
At a meeting of the creditors of Messrs. C. A.
Jonas and Co., held this morning, it was stated
that their suspension was attributable to losses
sustained by the late crisis, and about 10s. in the
1/, will probably be realised. The statement pre-
pared. by Messrs. Quilter and Ball, gives the lia-
bilities at 32,1451. 4s. Bcl., and the assets al
15,7291. lls. Bd.
RED'

lICTION OF THE BANK RATE OF
DISCOUNT.
The directors of the Bank of England, after
a short discussion, have reduced the minimum
rate of discount from 8 to 6 per cent. This measure
Was fully anticipated. The terms in Lombard-
street being 6 to 6i per cent. for some days past,
comparatively few applications have been made at
the national establishment, and the consequence
must have been a material improvement in the
Securities and the Reserve of notes, while a con-
siderable increase in the Bullion is known to have
taken, place.
The Funds advanced soon after the commence-
ment of business about per cent., owing to the
demand for stock, and the statement that the Bank
will replace the securities parted with during the
crisis. Increased firmness was also produced
by the expectation that the Bank rate of dis-
count would be reduced. Afterwards, however, a
reaction occurred, and for the moment the market
appeared heavy, but since the alteration of the
Minimum a partial recovery has taken place. Con-
sols for money have been 948 95, and 941 ; for to-morrow they rcached from 95 95k to 941 Z..
They are now 941 95, and for February 951, the -
"contango" having decreased. The New Three
per Cents. are 95/ and the Reduced Annuities fi
94i 95a. Bank Stock is quoted 218. Exchequer
Bills Bs. to lla premium.
In the Foreign Stock Market a moderate busi-
teas has been transacted, and, in most instances,
at enhanced rates. Turkish 6 per Cents. ara 99 to IA
991, and the 4 per Cents. Guaranteed 104 4 ;
Mexican 20g- ; Peruvian 4,1- per Cents. 7%; 1(
Batsmian 5 per Cents. are 104 to 1091 ; ditto 4i
per Cents. 991 ; Sardinian 5 per Cents. 87 to
871 ; Chilian 6 per Cents. 103, and Dutch 22 per
Cent's. 64 to 65k.
The following are the nominal prices of Foreign Stocks :---Grenada Deferred Bonds, 526 ; Peruvian
41 per Cents., 79 81 ; Ditto 3 per Cents., 434 441 ;
Russian 5 per Cents., 108 110 ; Ditto, 4-i per Cents., 98 100 ; Spanish 3 per Cents., 41 42 ;
Ditto New Deferred, 26 264 ; Ditto Certificates,
5 6 ; Ditto Passive, 5 G.
The transactions in the Railway Share Market 1
have been of a moderate character, and a slight im-
provement may be noted in some of the principal
undertakings. The unfavourable traffic returns,
however, in one or two instances, have caused a 1
downward tendency. Chester and Holyhead,
Eastern Counties, and Lanca,hire and York-
shire advanced U. ; North-Western, Manchester,
Sheffield and Lincoln, and South Wales, 10s. ;
Edinburgh, Perth, and Dundee, 15s. ; South-
'Western, hi. ; and Caledonian, 2/. South-Eastern
declined ss. ; North-Eastern (Berwick), 10s. ; and
Brighton 1/. The Foreign and Colonial lines were
in moderate demand. Paris and Lyon sand Northern
of France realised about former quotations; and
Grand Trunk of Canada, Great Western of Canada
and East Indian improved about lOs.
Mines, Banks, and Miscellaneous Shares have not
been very active, and there is little change to report
in value. Union of Australia advanced about lOs.,
and Tan Diet:tacos' Land 1/.
Ba,-

ITISEI FUNDS THIS DAY AT ONE O'CLO(_;1(.
(From the QiiicialLiet:)
Sauk Stock
21
3 Per Lent. tteduced Autthitics 9448 5
3 per Cent. console Annsitiep 943 5 41
N©w 3 per Cent. Annuities
v sal tor ticeour.t 953 5$ f
E .. ..........
,d .
xc hequer 2J
£lOOO ............ -
tseo .
PRIO
C RS OF FOREIGN FUNDS AT ONE O'CLOCK.
ailian Bonds, 6 per Cent lO3
Mexican .3 por Cent............
Otto Account
20
Peruvian Bonds, 44 per Cent —
Ditto Account
Ditto 3 per Cent
Ditto Account
Russian Bonds, 1A22, 12 St., 5 per Cent lB4' 9
44
Dis 4
tto, per Cent. ........... Elardinian Bonds, 5 per Cont....
87 991
BD • milk Holstiri, 3 per f lent.
Ditto New Deferred, 3 per uen,.
Tarklth`fonds, 6 p,r cent....,
Ditto Account .................
10
.... 984
Ditto
Ditto Guaranteed, 4 per Cent.
Account
......on the above ............. . ............ 10
In Lo 34
Dividends
ndon.
Dutch Exchange, 2. per Cent., 12payable Guilders 65,}
4
... , TWO O'CI.O.
Console, money ...
Ditto, February Accouni ........
........ 941 5
();i;:
95
..................

Yesterday Mr. William Payne held an inquest at St.
tartholomew's Hospital on the body of James les: tot,
who; it will be remembered, was killed by. a bull in
the City. John Munro, police-constable 230, said he
SAW the beast in Skinner-street, and from th was driven into Farriugdon-street. The drover'sence name
st was William
Stona Hrper. The bull ran from Farringdon-
reet into ecutter-street, ran
from
it turned into
Child's livery stables. Another constable was there at
the time. The bull ran into the harness-ro
could have been secure y penned up, bin theom, and
stable keeper said ho would turn it out. Witnesslivery.
told
him that it had injured several people, and if he did
SO he would bo held responsible for any mischiefthat
Might he occasioned thereby. The other constable
then tried to close the gates to keep him in ; hut Mr.
Child, jun., and two or three of his rnen, struck the
4E141141 with sticks, and turned it out into Stone-
cutter-street. Young Child, who turned it ou', said it
should not be there, that it was a " fine lark," and
laughed heartily at it. It had knocked a female down
in Parringdon-Areet, and had done other damage. Child
sthe aid he did not care—it should not be ther:, although
drover told him that he had sent for a conveyance
The drover raid the bull halo, god to Mr. Mol:ir, of 1.-t—
-/Tutu, and that he wasis the employ of Mr. Fi,,cher,
sine e Elms. The jury thought it was alHolutfly
beeqsary that Mr. Child, the livery-stable keeper, should
,!‘inenioned to hear the charges which had been made'
9auut him, and to allow time to summon him the
ivtui adjourned.