The Sun.
London, England, 1861-01-07 00:00:00

PDITION
.4_

SUN OFFICE, Sever-6 o'clock.

TATTERSALL'S-(THIS EVENING).

TWO THOUSAND GUINEAS.
6to 1 agat Kettledrum (offered)
12 to 1 agst Nautilus (offered)
15 to 1 agst Overton (taken)
DERBY.
6to 1 agst Dundee (taken freely)
14 to 1 agst Big Ben (taken and offered)
20 to 1 agst Kettledrum taken and offered)
20 to 1 agst Dictator (offered)
20 to 1 agst Nautilus (offered)
40 to 1 agst Kildonan (offered)
50 to 1 agst Rouge Dragon (taken)
60 to 1 agst Yorkrninster (offered)
1000 to 15 agst The Drake (taken freely)
1000 to 15 agst King of Kent (taken)
1000 to 15 agst Bombardier (taken)
3000 to 30 agst Ducalion (taken)
1000 to 10 agst The Struggler (taken)
25 to 1 agst the mares (taken)

MONEY MARKET AND CITY NEWS.

CITY, Two o'CLocK. st,
st,
ANOTHER ADVANCE IN THE RATE OF st
DISCOUNT, st,,
st
The Bank of England Directors have raised the st!
minimum rate of discount to 7 per cent. This
important measure has unsettled the money market, st
and has created anxiety among the commercial
community.
st(
The monthly liquidation of commercial accounts s6i,
having been completed, a much quieter feeling
'was expected to pervade the discount market, and
as usual when a diminution in the demand takes 1,
plaee, the bankers and discount houses, it was
thought, would be more disposed to grant accom- st
modation in order to employ their resources. These st,
expectations, however, have proved fallacious, and st
until an improvement is reported in Ameriaan s
tc
affairs, which, looking at the progress of the seces-
Sion movement, cannot be immediately expected, ate
it is probable that full rates will be maintained, st
the continuous flow of gold to the United st`i
States, coupled with the renewed pressure in 19)
Paris, being calculated to sustain the degree of
stringency now experienced. The inquiry for 1
loans continues active at the Stock Exchange, and 1
it is thought that some inconvenience will be st(, encountered when in the course of the next few s
8 t t`(
days the advances obtained upon securities since 1
the transfer books were closed will have to be 5,,t4
repaid. st(

There were no bullion operations of importance st;
at the Bank of England on Saturday.
The Asia, which left on Saturday for New York, :tt:
took £330,000 in specie, and the Teutonia to-day
conveyed 70,000 sovereigns.
The advices from the manufacturing districts 12
continue of a rather unsatisfactory character. et
Business at Leeds during the past week has been 'lt;
very quiet, but the mill-owners generally are mode-
rately employed upon fabrics for the spring trade.
At Manchester there has been increased depression .t,
owing to the American crisis, and the disturbed
state of political affairs on the Continent ; for some 8.1
description of goods prices have shown a downward
Movement. At Bradford wools and yarns were in
limited demand, but a moderate business was done
in piece goods, and prices generally were well sus-
tained. The hosiery trade of Leicester has been
steady, and the orders given out for spring goods
have afforded some relief to the operatives.
In the hardware districts business generally has
been very quiet, the late advance in the rate of
discount having exercised a prejudicial influence
upon the orders for spring delivery.
A fair amount of business was recorded in the I
Liverpool Cotton Market, on Saturday, and prices
Were tolerably steady. The sales were 8,000 bales.
The market for Public Securities has been very
much depressed in consequence of the unfavourable
state of monetary affairs. Consols, after receding
to 911; I, are now 911 92 for the 10th inst., and
February quotation is 92} Numerous sales have
been effected, and the market is rather animated.
The New Threes have receded to 911 92k ; the Re-
duced to 92k; India Stock is 220 21 ; ditto Deben-
tures, 96k; and Exchequer Bills remain at 3i. dis.
to par.
Business in the Foreign Stock Market is very
quiet, and , prices show a downward tendency.
Turkish 6 per Cents. are 691 to 70i ; ditto New,
86 to 57 ; and the 4 per Cents. are firm at 1021.
Mexican have receded to 211 ; Spanish to 484-'4 ;
ditto Deferred are 401 ; and Chilian 41- per
Cents., 83k.

The dealings in the Railway Share Market have
been on a very restricted scale, and soon after
the commencement of business prices were un-
favourably influenced by the advance in the rate
Of discount. Bristol and Exeter, Caledonian and
North-Eastern (Berwick) have declined 10s., and
Eastern Counties, Great Northern A stock, Mid-
lands, and South-Easterns, £l. Manchester,
Sheffield, and Lincoln have advanced 10s. , and
North British ss.

Business in the Foreign and Colonial depart-
runts continued very dull. South Australia and
Lombardo-Venetian declined to 121 ; Grand Trunk
of Canada were flat at 23 and 231 ; East Indian
realised 981 99 ; and Great Indian Peninsula, 961.
Joint Stock Bank and Miscellaneous Shares
have been in very limited request. Oriental Bank
declined 55.; and Peninsular and Oriental
Steam, ss.

BRITISH FUNDS—CLOSING. PRICES.
3 per Cent. Reduced Annuities ,„, 92 1
3 per Cent. Consols Annuities
New 3 pelr Cent. Annuities 92 ll11 I
India Stock . ..
Ditto Enfaced Paper, 4 per Cent. —
Ditto 6 per Cent ....
Ditto 6} per Cent.
i htto Debentures, 1858 961
Ditto Bonds £l,OOO —
! +itto under £l,OOO ..
Consols for Account, Jan. 10
Lain Stock for Account
Ditto per Cent. for Account lOO/ 1
Exchequer Bills, £l,O00, lid
D it. £5OO 3
Ditto Small
FOREIGN FUNDS—CLOSING PRICES.
Brazilian 5 per Cent ..
Ditto 41 per Cent. 1860 B6 / 51 6
Chilian $ per Cent
Ditto 41 per Cent.
Mexican 3 per Cent
Ditto Account
New cirenada Active, '3l per Cent.
Russian 6 per Cent. 1822, £ St ..
Ditto 41 per Cent 93
Ditto 41 per Cent. 1860 9l
abardinian 6 per Cent.
Spanish 3 per Cent
Ditto Account
Ditto New Deferred —
Ditto Account
Spanish Cert. of Coup. not funded..
..... 5a 1
Turkish 6 per Cent ..
Ditto New Loan
Ditto Account
'Ditto Guaranteed, 4 per Cant.
Dividends on the above payable in London.
Consols for Account, 10th Jan THRE E O'CLOCK,
911 1