LONDON MONEY MARKET FOR APRIL City, Thursday, April 25.

Daily Southern Cross, Volume XVII, Issue 1414, 2 July 1861, Page 4

LONDON MONEY MARKET FOR APRIL City, Thursday, April 25.

The rates of discount have continued steadily to decline, and the hank minimum, which, at the date of our last, was 7 per cont., is now 5 per cent. Some think it will go lower soon, but wo are inclined to think that this figure will be maintained for some time yet. Good bills, however, continue to bo done in Lombard-street, at -1^ to 4| per cent. The ahaie mirkets have been inegulaty bub generally depressed. Political distiubaneos a'ld uncertainty couuteiactingtho favourable miluoncc of a declining nioaoy muket. , , i Mr, Gladstone's financial statement has exercised a beneficial influence, boing more favourable than haa been generally anticipated. The manner in which the

estimated surplus arrived at by him is to be disposed of meets with, not a little criticism, but much relief is felt »t the announcement that no freih taxation is lequired, not even to clear up the expenses of the China war, now happily terminated. The considerable degree of elasticity still exhibited by the revenue in the face of a checked trade and a very deficient harvest, furnishes a fresh illustration of the solid basis upon which the prosperity of the country rests. English CiiOaiNO Prices. — The English Funds remain about the same as- last month. Consols are quoted at 9 lf to 92 for account. The New Three-j>er-Cents. and Reduced are 90 J to 90g ; Long Annuities, 35J ; Exchequer Bills, 31)."3 1 ). " discount to par ; Bank Stock, 233 to 234J , Indian Five per Cent. Loan, 102 to Lo3£ ; Indian Debentures, 13?. The rate of discount has fallen from 7 to 5 per cent , and good bills were done in Lombard-street at 4^ to 4J per cent. The share market has been depressed in consequence of political disturbances. A few parcels of Port Philip combing wools had changes at I about the same rates as last sales, and it is anticipated that m consequence of the large quantity o£ wool which it is expected will be offered at the next sales, the prices will be in favour of the buyers. The next sales will not commence till the 9fch or 16th May. Australian hides have declined Jd ; good heavy have, howover, sold at* 4Jd. to sd. Australian leather ; best sides in great request. Tallow is impioving ; best T.Y.C. is quoted at 565.