The Sun.
London, England, 1859-05-05 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, TWELVE O'CLOCK.
The commercial bills due yesterday, the 4th of
the month, were met with promptitude except in
one instance, Messrs. Lloyd, Beilby, and Co. being
unable to provide for their acceptances. The
absence of remittances and the recent altera-
tion in the Money Market are the causes as-
signed for this misfortune, which, however,
has occasioned much surprise, as the firm in
question was considered wealthy, and were largely
engaged as Australian merchants. They were also
the financial agents of the New South Wales
Government, and their connexions were numerous
and influential. The suspension, however, may be
only temporary, and although their liabilities are
roughly estimated at £lOO,OOO, payment in full is
not considered improbable. In other respects the
monthly liquidation of commercial paper passed off
in a satisfactory manner, notwithstanding the
recent advance in the minimum rate of discount.
The tendency of the Money Market, however, is
still very unfavourable, and increased stringency is
apprehended. The efflux of gold, diminished con-
fidence, and the pressure for accommodation, all
point to the probability of another immediate
alteration in the financial regulations of the na-
tional establishment.
The Liverpool Cotton Market yesterday closed
heavily, and prices exhibited a further decline.
The sales amounted to between 4,000 and 5,000
bales. In the Railway Share Market a moderate
business was transacted, but quotations were de-
pressed.

A further sum of about £BB,OOO was withdrawn
from the Bank of England yesterday for exporta-
tion to the Continent.
Advices received from New York to the 23d
April report continued abundance in the money
market. The exchange on London, at 60 days'
sight, was firm, at 110 per cent., which admits of
profitable shipments of gold to this country.
The half-yearly meeting of the Vauxhall Bridge
Company was held to-day, when a dividend of
1 ls. per share for the half-year was declared.

Two O'CLOCK.
ADVANCE IN THE BANK RATE OF
DISCOUNT.

A further alteration has been been made in the
discount regulations of the Bank of England, the
directors having announced an advance of
one per cent. in the minimum quotation,
namely, from 31- to 41 per cent. This important
measure appears to have been generally expected,
as the previous advance—namely, from 21 to 3
per cent.—failed to check the efflux of gold, or the
demand for accommodation. A continuance of the
same influences will prepare the public for even
higher rates, especially as the Continental banks
are mostly increasing their terms of interest and
discount.

In the English Stock Exchange to-day the
operations have been extremely limited. The rise
made by the Bank, however, has produced no effect
and prices are maintained in consequence of the
scarcity of stock and the continued investments of
the public. Amounts ranging from £lOO to
£l,OOO are being employed in the purchase of Con-
sols, little attention being paid to Turkish and other
securities, which have been even more depressed.
At the present moment the market appears
buoyant, prices being about per cent. higher
than at the close of business yesterday. Consols,
Which had been 891 901, are now 90 to 901.
Bank Stock continues flat, at 215 to 219. Tho
New Threes and the Reduced at 881 to 89.1 ; Ex-
chequer Bills at 15s, to 225. prem. ; India Loan
Debentures at. 921; and the Bonds at 30s. to 20s.
discount. The New India Scrip is dull, at 31
discount, being marked 911.
A fair amount of business is recorded in Foreign
Securities, and in most cases a further decline is
apparent in prices. Turkish 6 per Cents. are 58
to 65 ; ditto New, 48 to 52 ; and the 4 per Cents.
are steady at 99} ; Venezuelan Deferred at 141 ;
Portuguese at 40 ; and Spanish 3 per Cents. at 39 ;
but the Deferred receded to 251 ; Russian 41 per
Cents. to 91-1, ; Sardinian to 671 681 ; Mexican to
14- 17 ; Buenos Ayres Deferred to 16 ; and Dutch
41 per Cents, to 92.
The last week's railway receipts, ascertained up
to this day, are in round figures as under :

1859. 1858.
Great 'Western £30,050 28,048
North-Western
South ;Western
Bmrighton . 14,009 13,133
****** ************************ 34,100 31,119
South-Eastern. **********************
17,931 16,229
Great Northern" 20,535 23,287
Lancashire and
Bristol and Yorkshire Exeter 5,985 6,041
North-Estern
Lancaster and Carlisle
Manchester, Sheffield and Lincoln
North British..
North Stafford. • **
7,726 6,283
Oxford, Worcester and Wolverhampton 4328 4,024
Edinburgh and Glasgow 5,930 5,781
Edinburgh, Perth, and Dundee
3005 3,315
Glasgow and South-Western 7,276 7,074
Grad
n Trunk of Canada
Great 'Western of Canada 7,588 10,989
The above returns show a continued satisfac-
tory increase in most of the principal lines
compared with those of the same period of last
Year. On the Great Western it amounts to
£2,002 ; on the North-Western to £2,684 ; on
the South-Western to £B4B ; on the Brighton to
£876 ; on the Midland to £2,981 ; on the South-
Eastern, to £1,702 ; on the Lancashire and York-
shire, to £454 ; on the Manchester, Sheffield, and
Lincoln, to £1,544; and on the Grand Trunk of
Canada, to £253. There is a decrease on the
Great Northern of £2,752 ; on the North Eastern,
of £1,443 ; on the Edinburgh, Perth, and Dundee,
of £310; and on the Great Western of Canada,
of £3,401.

The Railway Share Market has been very inac-
tive, and a further decline of about 1 to 1 per cent.
has taken place on most of the principal lines.
Caledonian, Eastern Counties, Great Western,
North Eastern (York), and South Eastern have
receded £1 ; Lancashire and Yorkshire, £1 ss. ;
Great Northern, North Western, South Western,
North British, and North Eastern (Berwick), £1
10s. ; Brighton, 15s. ; and Midland, £2.
The Foreign lines have been exceedingly quiet.
Lombardo-Venetian old shares are at 5 to
51, and
the new at 41- 41 • Great Luxembourg, 41.
In the Colonial Market scarcelyany ray. business
has bttn transacted. Grand Trunk of Canada
were heavy at 291.
Joint Stock Bank Shares have slightly declined.
City Ba.in firm at 61 ; London Joint Stock, 30
Union of London, 231; and Ottoman Bank, 151 to
61.
In the Miscellaneous Share Market, Peninsular
and Oriental Steam declined to 76, and Scottish
Australian Investment to 106,

BRITISH FUNDS--CLOSING PRICES.
Dank Stock
3 per Cent. Reduced Annuities B9l 8-4 931- 9 i
Iper Cent. Consols:Annuities...mites 90 89a001 801 001 i i
NW 3 per Cent. Annuities B9 st 91 81.
Lone: Annuities, expire sth Jan., 1860
Ditto 30 Years, expire 10th Oct., 1859 746
Ditto 30 Years, expire sth April, 1885 l7 11-16
India Stock
Ditto Debentures 921 2
Ditto Loan Scrip
Ditto Bonds, £l,000
Ditto under £l,OOO
Consols for Account (June 7) 894 / 90 / 891
March. June.
quer
Exche Bills £1 000 9d. & 11d.. 15 22
Ditto £5OO '' ' - 115 22
Ditto Small, 11d. 16 15 22 I
, FOREIGN FUNDS—CLOSING PRICES.
crazilian 5 er Cent.
Ditto 1843, 41 per Cent. 9O
Ditto 1858, 41 per Cent. 94
Buenos Ayres, 6 per Cent.
Ditto Deferred
16
,
~), anish, 182.5, 3 per Oent.
lt...qultdor New Consolidated 12
"xican 3 per Cent.
P
Ditto Account
ertlit-Nese, 1853, 3 per Cent.
nlist.to Account
,u Iv tan, 1822, £ St., 5 per Cent 4O
Ditto 41 per Cent.
Saldinian S per Cent. 9ll
671
Ditto A'econnt
Spanish 3 per Cent. 39
Ditto Deferred Tu • erred
rkish 6 per Cent
Ditto Account
Ditto New Loan
Ditto Account
Venezuelan Guaranteed, 4 per Cent.
5 per Cent. ..
Ditto Deferred 2 per Cent. l4l
Dividends on the above payable in London.
Itch Exchange, 12 Guil. 21 per Cent...
Ditto Certificates, 4 per Cent.

THREE O'CLOCK,
Consols, Money 894 90i
Consols for Account - B9i 901