The Sun.
London, England, 1859-06-09 00:00:00

11101 VEY MARKET AND CITY NEWS. 8-114-ll

CITY, Two O'CLOCK.
REDUCTION IN THE, BANK RATE OF

DISCOUNT.

The Directors of the Bank of England have re-
duced the minimum rate of discount from 31 to 3 per
cent. Owing to the extreme easiness of the money
market, however, the movement has not attracted
much attention.

In consequence of the easy state of the money
market, and. the influx of gold into the Bank of
England, a reduction in the minimum rate of dis-
count is considered probable. The recent altera-
tion has not enabled the authorities to compete
successfully with their powerful rivals in the
general market, where the terms charged have
ranged as low as 21, per cent. A further decline
has no 'doubt taken place in their " other secu-
rities," notwithstanding the advances made on stock
and long-dated bills. The general inquiry, even
at the low rates now current, is exceedingly quiet,
as commercial enterprise is contracted,. and the
amount absorbed in joint-stock operations is un-
usually limited.

In the Liverpool Cotton Market yesterday busi-
ness was very dull, and prices of all descriptions
Were 1-16 d, per lb. lower. The sales were estimated
at 6,000 bales. The Railway Share Market was
also very depressed, with a downward tendency in
prices.

A further sum of about £5,000 was sent into the
Bank of England yesterday.
The Avcin, which leaves to-day for the Brazil%
will take out £12,848, nearly the whole of which
is in silver.

At the special meeting of the Newport, Aber-
gavenny, and Hereford Railway Company, to-day,
a bill now before Parliament in respect to the
agreement with the Sirhowy Company was read,
and after some discussion was agreed to unani-
Piously. The meeting adjourned to the 23d inst.
In the market for Public Securities, to-day, there
has been very little fluctuation. Business has con-
tinued quiet, and the few operations recorded have
caused no material variation. Consols are 931
for money, and 93a 1, for account, or about 1 per cent.
higher than they opened. The reduction of the Bank
Minimum has increased the firmness of the market.
The New Threes are steady at 921 4 ; the Reduced
at 921 ; and Exchequer Bills at 225. to 255. prem.
India Loan -Debentures are flat at 941; ditto Scrip
at 932 ; and the New 21 per Cents. at 771 781;
and Bank Stock is firm at 2211.
The transactions in the Foreign Stock Market
have been rather restricted, and prices remained
Steady. Turkish 6 per Cents. are 69 to 70; ditto
New, 58 to 59. Mexican remains at 174 18 ;
Dutch 4 per Cents. at 96 ; Brazilian 5 per Cents. at
100.; and ditto 41 per Cents., 1852, at 90 ; Russian
4i per Cents. are flat at 941 ; and Spanish 3 per
Cents. at 411 ; but the Deferred are firm at 29 1 ;
and Grenada Active at 16t.

The last week's railway receipts, aseertained up
to this day, are, in round figures, as under

1859.
Great Western
North-Western
South Western
lii:ighton 19,535
Midlind
South-Eastern
Great Northern 23,553
Lancashire and Yorkshire
Bristol and Exeter 6,818
North Eastern
East Lancashire 6,785
North British
North Stafford
Oxford, Worcester, and Wolverhampton 4,615
Shrewsbury and Chester
West Hartlepool
Edinburgh and Glasgow 6,488
Glasgow and South-Western
Grand Trunk of Canada
Great Western of Canada 6,879

The above returns show a decided improvement
in almost every instance, particularly on the North
Western, Midland, Great Northern, and Brighton.
111 the latter case the receipts during the race-week
of Epsom caused a large increase. On the North
Western the augmentation was £4,246 ; on the
South Western, £1,410 ; on the Midland, £4,833 ;
on the Great Northern, £3,079 ; on the Brighton,
£5,018 ; on the North Eastern, £1,338 ; on the
North Stafford, £1,286 ; and on the Edinburgh and
Glasgow, £521. The Grand Trunk of Canada
shows a decrease of £750 and the Great Western
of Canada of £Bl3. .

The dealings in the Railway Share Market have
been of a very limitedipharacter, and prices show a
downward tendency. Brightons and South Wes.
terns have declined 55.;. and Caledonians, Great
Westerns, and North Bristol, 10s. Midland
im-
Proved about ss.

The Foreign and Colonial undertakings have ex-
hibited very little activity, and prices have shown
less firmness. Lombardo-Venetian Old Shares are
64 to 61- and the New, 61 to 63 Great Indian
Peninsulaare steady at 98k, and East Indian at
1003
Joint Stock Bank and Miscellaneous Shares are
exceedingly dull, prices showing little variation
from yesterday's quotations. Bank of Australasia
have advanced about 55., and Australian Agri-
cultural, 10s.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
,Bttnk Stock
: Per Cent. Reduced Annuities 92 I
~,''' per Cent. Consols Annuities
New 3 per Cent. Annuities
New 2i per Cent. Annuities
tudia -Stock
Ditto Debentures
4)itto Loan Scrip
Consols for Account (July 8)
March. June.
2
P
i ehequeroo 22 Bills, £l,OOO, 11c1 5
,x I
Mt t,5 I
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian 5 per Cent. ... ............... 100
Ditto 41 per Cent. 1852 .............. 90 ad
Grenada New Active, Si per Cent....... 161
Mexican 3 per Cent.
Ditto Account
Russian, 1822, £ St., 5 per Cent —
Ditto 41 per. Cent.
Spanish 3 per Cent. —
Ditto Account.
Ditto New Deferred, 3 per Cent. —
, Ditto Account
a nrkish 6 per Colt 7O
Ditto Account
Ditto New Loan
Ditto Account
Dividends on the above payable in London.
batch Exchange, 12 Guil. 21 per Cent —
Ditto Certificates, 4 per Cent.

TWO O'CLOCK.

Consols, Money 9314
Consols for Account, July 8

RED SEA TELEGRAPH.—A telegram was received
yesterday by Mr. C. L. Peel, secretary of the company,
announcing the successful laying of the Red Sea cable as
Atr as Aden, on the 28th May.
AMERICAN MAILS.—The Anglo-Saxon sailed
from the Mersey yesterday (Wednesday) for Quebec with
the mails for Canada, 50 cabin and 78 steerage passengers.
The Kangaroo also left the same port for New York, calling
at Queenstown. She takes out a mail and 240 passengers.
The British and North American Royal Mail steamer
Persia,„will be despatched on Saturday next for New York
'With the American mails.
THE FELLS ON FIRE.—The other day, a rumour
reached Appleby that a fire had broken out on Burton Fell,
°ae of the Crossfell range of mountains, and it was soon as-
certained that such was really the case. From what can
i
464111 ed, it appears that the fire was discovered by a farmer
who was looking after his stock, but having no idea that it
would _extend far, he took no steps to extinguish it, al-
tough it is alleged that a canful of water at that time
~,"'"°111, d have been sufficient to put it out. Since then, owing
sttue extreme dryness of the moss and heather, aided by a
rou_
g easterly wind, the fire made considerable progress,
"'lying reached Hilton Fell, and spread over an extent of
ttound roughly estimated at 1,000 acres. The fire has got
strong hold of the peat moss, amongst which it smoulders
-4,11 it reaches the dry heath, when it bursts into flame
and then rapidly spreads. How it is to be extinguished, it
ti remarked, is a serious puzzles An attempt is being made,
a digging a deep trench, to cut off the communication, but
"uether this plan will be successful remains to be seen. It
will entirely destroy the prospects of the sportsmen for the
tsarl,' as the game are nearly all sitting at this time of the
v"
'ear. John Wybergh, Esq., is the owner of Burton Fell,
1!„11d Hilton Fell is the property of the Earl of Lousdale.—
uaniberland Pacquet.
AERIAL RAILWAYS.—The Revue Municipale this
publishes a letter from M. Mallet de Bought,lllg one of those wild schemes which are b forward
,9111 time to iime by enthusiastic projectors without the
l'l'lthtest chance of support from practical men. M. Mallet
i_aa taken out a patent for wha,t he calls an " Aerial Circu-
tZr_ Railway within Paris," being neither more nor less
a a double railway laid down on a continuous viaduct,
stretchinglardy
along the quays from the western to the eastern
ef the fortifications, and intersected by two other circu-
Qt„ iaducts, one running along the inner and the other
4:118' the outer Boulevards. The viaducts are to
,on east-iron pillars, two feet in diameter and 16 in
; the breadth of the double railway is to be 16 feet;
fe to occupy the middle of the carriage road, leaving 16
a unencumbered on each side for common vehicles. There
„re) uloreover, contrivances for the distribution of water and
4,1 R, for the exchange of letter-bags at proper stations, etc.
are inconveniences which we find in this plan, and which
"otile,,entirely overlooked by the projector, are an immense
eacultY without the probability of an adequate return, the
of ;Iralcaunce it would create in a populous oity, the smoke
, ne locomotives which would be a serious nuisance to the
gers of the first and second storeys of the best houses in
are and, lastly, disfiguring the haler Boulevards, which
Lae envy of Europe.

-1S DAY.)

ORDINARY SHARES AND STOCKS.

Share',

Railways.

Amberg., Notting. Bost.
and Eastern Juprtion
?,elfazt and.Baliy mena
Bir., Wol., and Str. Val
Birk., Lane., and Chesh
Junction
Blackburn
Blyth and Tyne
Bristol and Exeter
Caledonian
Chester and Holyhead
Cork and Bandon
Cork, Blkrock,&Passage
Cornwall
Do. A jA raves. no div
Do. B until 6p.c. per an
ll hasbeen pd.toß
Dublin andßelfast June
Dun.,Perth,& Abr.June
East Anglian
Eastern Counties
Eastern Union A Stock
Do. do. B Stock
Do.Nw.A.(lte.E.U3ds)
East Kent
East Lancashire
East Suffolk
Do
Edinburg and Glasgow
Edin.,Perth, & Dundee
Forth & Clyde Junction
Furness
Glasgow & South Westn
Great North of Scotland
Great Northern
Do. do. A Stock
Do. do. B Stock
!Gt. South.& Wstn.(lreld)
(Great Western
'Do.Str.Vl.Rail G na.Stk
Irish South Eastern
Lancaster and Carlisle
Do. Thirds
Do. New Thirds
Lancashire & Yorkshire
Do. do. F £l6
Do. do. 29 shares
Do. West Riding Union
Do. Southport
London and Blackwall
Do.Newiss.at £slosp.sh
Lon.,Brighton &S.Coast
London & North Westn
Do. Eighths
London& South-Westn
L'derry & Coleraine
L'derry & Enniskillen.
Man., Shef., & Lincoln
lietropolitan
Midland
Do. Birming. & Derby
Mid. Gt. West. (Ireland)
Do. Shares
Newbastle and Carlisle
New., Aber., & Herefd
Newry & Armagh (def.)
Newry, Warpt., & Ros
Norfolk
North. Counties Union
North British
Nor.Dev.Rall.&Dk. Stk
Do.A Stk.— Arec.no div
until 6p.c.hasbeenpdß
Do. B Stock
North-Eastn.--Berwick
Do. do. G.N.E.Purchase
Do. Leeds
Do. York
North London
N. &S.Westn., Hampstd
and City Junction
North Staffordshire
North-Western
No. & Sou. W. Junction
Oxford, Wor.,& Wolver
Peebles
Portsmouth
Rhymney
Scottish Central
Scoth. N. E., Aber. Stock
Do. Scottish Mid. Stock
Shropshire Union
Sittingbourne & Sheer
South Devon
South-Eastern
South Wales
SouthYorks.&Riv.Dun
Do. do
Staines, Wok., & Wok
Stockton & Darlington
Do. do. 1855
Do. do. 1858
Stockton & llartlepool
Taff Vale
Do. Preference, No. 1
ThamesllavenDk&Rail
Vale of Neath
Waterford & Kilkenny
Waterford & Limerick
West Cornwall'
W-end Lou. & Cry. Pal
Do.A.—Arecv.nodiv.till,
7 p.c. has been pd. to It
Do. B
West London
Do. Ist Class
Do. 2d Class -

1'2,10

13.14
Stock

Stock
Stock
Stock

Stock
Stock
Stock
Stock

Stock

Stock
Stock

Stock
Stock

Stock
Stock
Stock
Stock
Stock
Stock

16f
1613.4
Stock

Stock

Stock
Stock
124
Stock

Stock
10
Stock
Stock

Stock,
50
Stock.
Stock
Stock

Stock
Stock
25
Stock
Stock
Stock

Stock

Stock
Stock
Stock
Stock

Stock
Stock
Stock

Stock
Stock

paid. Glowing \ Business
Price.

all
100
34
100
100

Stock
Stock

100
100
100
1613 4'

58 5i

is.
17i
all
all
100
all

16
100
100

100
100
all
all
all

Share'

7 8

70 72
101 ni
32 85
90 02
78 78'

.Stook
Stock
Stock
Stock
Stock,
Stock
Stock
100

Stock

Stock
Stock
Stock.
Stock

Stock'
2(1 ,

13
20
Stock
Stock
Stock
Stock
Stock
Stock

Stock'

12
12
Stock
6
Stock

141
Stock
Stock
Stock
6
Stock)
10
10

4 5

8 9
1n 14.
54 65
37 42
26 28

1091 f
MI 91
sB} 9

Stock
Stock
Stock
Stock,
Stock
Stock'
Stock
Stock

Stock
Stock
Stock
8i
Stock
Stock
Stock
Stock
10s.
10
1.0.6.

31/
971 8}

45

Stock
Stock
Stock
Stock
Stock
20
25)
25
Stock

all
all
all
all
all

100 Agra&UnitedServiceßk 50 68 70
40 Australasia all 83 85 814 1
25 Bank of Egypt all 20 22
100 Eank of London 5O - -
40 Brit. Col. Bk. & LoanCo all - -
60 British North American all 56 58
20 Chtd. Bank of India, &c 12 2/ 11 d
100 City 5O 62 64
100 Colonial 25 --
20.11 Com. Bank of Canada all - -
100 Commercial of London 2O -
20 Eng., Scot., & Aus. Ch all 141 151
20 Gen. Bk. of Switzerland all - -
20 Lon.Char.Bk.ofAustral. all 211 221
50 London and County - -
50 London Joint Stock - - 31} 1
100 London & Westminster. 20 - -
100 Nat. Prov. of England. 35 - -
20 Do. new lO - -
50 National Bank 25 - -
20 New South Wales
25 Orient .Bk. Corporation all - -
20 Ottoman Bank all 154 161
Provincial of Ireland
10 Do. New all - -
25 South Australia - -
25 Do. New l7l - -
25 Union of Australia all - -
25 Do. New 2O -
50 Union of London lO - 241
100 Unity Mutual 6O -
100- Western Bk of London 50 - - d
COLONIAL GOVERNMENT SECURITIES.
Share Securities. paid. Closing Business
Prices. Done.
Can.Gov.6p.c.Ja. & July 100 1121 1131 1134
- Do. 6 p.c.Fb.&Aug. 100 111 113
- Do. 6 p.c.Mr. & Sep. 100 111 113
- N.8.G0v.6 p.c. Ja. &July 10C 108 109
- Do. 6p.c.Ap. & Oct. 100 -
- N. S.W. Gov. sp. c. Deb. 106 98 100
- NovaScotiaGov.6 p.c.
Deb. redeemable, 1875 100 107 109
- S.Aus.Gt.6pc.Jan&July 100 108 110
- Vict•Gov.6p.c.Jan&July 100 - -