The Sun.
London, England, 1861-09-19 00:00:00

MONEY MARKET ND CiTI, NE W.S.

CITY, Two o'CLocx.

The directors of the Bank of England have an-
nounced a further decline in the minimum rate of
discount—viz,, to. 31 per cent. This important
measure was generally anticipated in consequence
of the easiness and abundance of money, the large
influx of gold, and the moderate character of the
demands for commercial purposes. As accommo-
dation for some days past has been granted on first
class bills as low as 3-4- per cent. in the open market,
the continuance of the official quotation at 4 per
cent. was altogether improbable, although the
impression prevailed in some quarters that the
authorities might have deferred the alteration in
consequence of the decline in the Continental ex-
changes, and the prospect of the money market in
France being unfavourably influenced by the
exportation of gold for the purchase of grain to
make up for the deficiency in the harvest.
Only a small amount of gold, viz., £7,000, was
taken into the Bank of England yesterday.
The Edinburgh, which left yesterday for New
York, took out £l,OOO in specie.
The Indus, for East India and China to-morrow,
will convey £73,704, of which £14,000 is in gold,
and the remainder in silver.
A❑ extensive business was transacted in the
Liverpool Cotton Market yesterday, and American
descriptions realised a further advance of id. per lb.
The sales amounted to 30,000 bales.

The reduction in the rate of discount has not
led to any fluctuation in the English Stock Market,
as it was generally anticipated by the specula-
tors. Consols, however, have continued firm, the
latest prices being 93-1 for money, and 931
for the account. The transactions have been very
dull, and the market consequently remains in an
inactive state. The New Threes are firm at 91 -;-;
the Reduced, at 91,1- ; Exchequer Bills, March,
remain at 2s. dis. to 2s. prem. ; ditto, June, at 4s.
prem. ; India 5 per Cent. Loan is 1031 i; and the
New Scrip, 104.
In the Foreign Market business has been mode-
rately active, and prices, in some instances, show
an improvement. Turkish 6 per Cents. are 831
84 ; ditto 1858, 681,691 ; ditto £lOO Bonds are 701 ;
Sardinian have advanced to 801 81; Brazilian 41
per Cents. to 91; Chilian 42 per Cents. to 831 ;
and Dutch 2-1 per Cents. to 641 ; Venezuelan are
flat at 20 1,; and Mexican at 231-
The market for American Securities during the
past week has shown symptoms of improvement.
The following remarks are from the circular 'pub-
lished by Mr. E. F. Satterthwaite :—" The market
in London for American Securities has improved
considerably during the last few days, consequent
upon the higher prices received from New York;
in fact prices here depend at present entirely on
those ruling in America. Considerable amounts
of Stock and Bonds have been brought forward
for sale, the chief part of which has been taken
for shipment to America. Illinois Shares close
steady at 381 to 371 and Erie Shares at 231 to 1."
The last week's railway receipts, ascertained up
to this day, are in round figures as under :

1861. 1860.
Great Western ..X52,044 £50,380
North-Western
South-Western
Brighton
Midland
South-Eastern
Great Northern 28,050 31,406
Lancashire and Yorkshire
Bristol and Exeter . 7,175 7,317
North-Eastern ..
Manchester, Sheffield, and Lincoln
South Wales
Great Southern and Western, Ireland 8,947 8,413
Edinburgh and Glasgow 7,260 7,232
Glasgow and South Western 8,339 8,234
Grand Trunk of Canada
Great Western of Canada
These returns show a further falling off in the
receipts of most of the principal lines, particularly
tliose in the manufacturing districts. On the
South-Western there is a decrease of L 1,775 ; on
the Brighton of £958 ; on the Midland of £2,587 ;
on the South-Eastern of £1,946 ; on the Great
Northern of £2,801; on the Lancashire and York-
shire of £2,083 ; the Manchester, Sheffield, and
Lincoln of £1,714 ; the Grand Trunk of Canada
of £1,741 ; and the Great Western of Canada of
£1,387. On the Great Western, however, there
is an increase of £1,664, and on the North•
Western of £l,OOl.

The dealings in the Railway Share Market were
of a rather limited character ; a slight improve-
ment however, has taken place in prices. Lan-
cashire and Yorkshire and North Eastern (Ber-
wick), have improved 55.; Eastern Counties and
Caledonian, 10s. ; and Great Westerns, 15s. South
Westerns, however, declined ss.

The Foreign and Colonial lines have also been
a shade firmer. South Austrian and Lombardo-
Venetian brought
.171 ; Recife and San Francisco,
141; Bahia and San Francisco, 13 ; Grand
Trunk of Canada have improved to 201; and East
Indian have receded to 1011.

Joint-Stock Bank and Miscellaneous Shares con-
tinued inactive, without any material alteration in
prices.

BRITISH FUNDS—ONE O'CLOCK.
3-per Cent. Reduced Annuities 9la i
3 per Cent. Consols Annuities
New 3 per Cent. Annuities 94 i
Annuities, 30 yrs, expire &th Jan., 1880 —
Ditto for 30 yrs, expire sth April, 1885 l5l
India Stock
Ditto 5 per Cent. .. lO3l 1
Ditto Loan Scrip, 5 per cent
Ditto Enfaced Paper, 4 per Cent. —
Ditto 5 per Cent. 961
Ditto 51 per Cent lO3l
Console for Account, Oct. 10 .. 934
March. June.
Exchequer Bills, £l,OOO, 2d 2pm 2 die 4pm
D:; to £5OO ..
Ditto Small

FOREIGN FUNDS—ONE O'CLOCK.
Brazilian, 5 per Cent. —
Ditto 41 per Cent., 1860 .. 91
Chilian 6 per Cent. —
Ditto 41 per Cent.
Mexican 3 per Cent —
Ditto Account
New Cirenada Active, 81 per Cent.
:•:ardinian 5 per Cent.
Ditto Account
Turkish 6 per Cent ..
Ditto Account
Ditto New Loan
'Ditto Account
Ditto £lOO Bonds
Venezuelan 3 per Cent
Ditto Account
Dividends on the above payable in London.
Dutch 21 per Cent., Exchangel2 Guil.
TWO O'CLOCK.
Consols, Money 93 I
1
Ditto Account

MADAME FIND-GOLDSCHMIDT AND " LONDON
OVER THE BORDER."—A, performance of Mendelssohn's
oratorio of " Elijah" is announced to take place at Exeter-
hall, on Thursday, the 22d of October, which presents
peculiar features of interest and attraction, both to the lovers
of music of the highest class and to the humane'aud chari-
tably disposed. There exists on marshy ground on the
Essex shore of the Thames, about font miles from the
General Post-office, a district, to which public attention was
last year called, under the name of " Londoners over the
Border." It has but lately been inhabited thickly, and owes
its population almost entirely to the establishment of the
Victoria Docks and sundry manufactories in the neighbour-,
hood. The number of people at present resident in the pro-
posed new parish, whicb.includes North Woolwich, is about
7,000. The demaaid for labour is, by necessity, far from
constant. The people are frequently left for very long
periods without the means of subsistence from their own
resources. When labour exists, the remuneration leaves
no margin for saving. Hence, when the time of need
comes, furniture and
iclothing are sold or pawned.
Want, hanger, disease, and misery follow. Nearly four
years ago, Mr. Herman Douglas, a clergyman of
the Church of England, whose private resources were
sufficient to render him independent of the scanty
stipend appended to this district, undertook its charge, and
it is in aid of the charities and industrial institutions esta-
blished by this benevolent and energetic clergymen that
the proceeds of the performance here referred to are to be
devoted. Madame Lind-Goldschmidt having with cha-
racteristic generosity offered her gratuitous services, it was
decided to give at Exeter Hall a performance of Mendels_
shon's " Elijah" on a grand scale, in which Madame
Goldschmidt will sing the principal soprano part, the exe-
cution of which is by many considered her greatest achieve-
ment. Our great English tenor, Mr. Sims Reeves, has
been engaged, being the first time in which these distin-
guished artists have sung together. Mr. Weiss and Miss
Palmer will sing the bass and contralto parts. Mr. Otto
GoldFchtnidt will be the director and conductor. We are
happy to find Mr. and Madame Goldschmidt quitting their
retirement, if only for a season. Few public characters
have diffused more real intellectual enjoyment by their pro-
fessional ability or dispensed greater happiness and benefit
by unostentatious generosity than Madame Goldschmidt,
nee Jenny Lind,