The Sun.
London, England, 1865-11-23 00:00:00

3YEONEY MARKET

COMMERCIAL INTELLIGENCE,

TWELVE O'CLOCK.

REDUCTION IN THE RATE OF DISCOUNT.

The Bank of England directors, at their weekly
court this morning, have reduced their rate of dis-
count from 7 to 6 per cent.
The event has occasioned much satisfaction in
commercial circles, but among the banking com-
munity it has awakened some surprise. Capitalists
Were loth to believe in cheaper money. Their
general idea was that the rate would rather remain
at
7, or be further advanced, than reduced, and if it
'lad not been for the very considerable amount
Of gold—upwards of half a million sterling—received
at the. Bank during the past week, there is little
Probability that the movement made this morning
would have taken place. It must not, however,
t
forgotten that the inquiry for accommodation
has been of a very moderate character, and this
Perhaps, as much as anything else, has largely con-
tributed to an easier condition of the money
144arket.

An amount of gold, representing £226,000, was
sent to the Bank yesterday.
The letters of allotment of the Alhambra Com-
-1344Y were sent out yesterday.
The allotment letters of the Marine Mansions
ectopany were posted yesterday.
The last week's railway receipts ascertained up
to this day are in round figures as under :-
1865. 1864.
N.reat western £68,001 £64,917
—°lth Western :•• •••
•••
1.12,682 105,5R6
14°4th Wester . . 21,194 19,465
htott n ••• ••
• • 20175 17,079
°rine
at
hat nNtd
Northern
rs
h: e r
..• ..• :•• :•• :••
24807:714087 4185;974386
Eastern ...
39,276 36,850 laeashire and Yorkshire ...
38820 33,792
tristol and Exeterrth Emt 6,260 5,925
. 67,388 63,252
'alarichpastetinSheffield, and 20,119 17,588
great
London, Chatham, and 32,077 31,027
and Dover ... 7,947 6,396
These returns, when compared with the correspond-
ing period of last year, show in most instances some
satisfactory features. On the Great Western
there is an increase of £3,084, on the North-Western
,Of £7,096, on the South-Western of £1,729, on the
Brighton of £3,096, on the Midland of £2,359, on the
South Eastern of £1,796, on the Lancashire and
Yorkshire of £5,028, on the Bristol and Exeter of
£335, on the North-Eastern of £4,136, on the
Manchester, Sheffield, and Lincoln of £2,531, on
the Great 'Eastern of £1,050 ; on the London,
Chatham, and Dover of £1,551.
At the meeting of the Atlantic and Great Western
Railway Company, held this day, Sir Morton Peto,
the chairman, stated that on his visit to America
he found the railway in a highly satisfactory state,
but recommended the shareholders to provide more
rolling stock. The proceedings terminated with a
vote of thanks to the chairman.

At the Paris Bourse, this da Two O'CLOCK.
y, according to Mr.
Renter's telegram, the 3 per Cent. Renter were
68 75—firm.

Since the reduction in the rate of discount busi-
Ileas has been quiet, few bills having.for beentheoffered
moment
f:_r negotiation, but 6 per cent.
l'e rate out of doors as well as at the Bank of Eng-
-0-41,11`1 The change has been so sudden, and in many
quart
unexpected, that a further relaxation is
!ensidered not improbable, and consequently
.there
is
an inclination to borrow as little as
Affairs alto quiet and
indicate a
healthy gether are verypossible_
tendency.
Continued firmness is recorded in the market for
En •
glisil Funds, Consols being 89i i for money, and,
sa the dividend, 88+ + for the account. All the
other stocks are generally well supported.
b ille dealings in the Railway Share Market have
shown
to a fair extent, and prices generally have
N." 14 an upward movement. Brighton have im-
'"ved 58., North Western 10s., and Great Western
and south Eastern each £l.
al•Til_le r°reign and Colonial lines are also at
aillgutlY enhanced
quotations. South American
East d Lombardo-Venetian have advanced 10s., and
Indian ss.
Loans
°II Government Securities can be obtained
the iaetrklefins, owing to the measure adopted by
thPYving the movement of the Bank directors,
thee.Pricipal bankers and bill-brokers have reduced
fonlr allowance of interest on deposit accounts, as
61 -°,l" viz) 1 per cent. at call, 5 at 7 days, and
i'lt 14 day's notice of withdrawal.
quotation4illericall Securities are in slight request, and
6.2_s are generally better. United States
f° 130 ads are 63i 64+ ; Erie Shares, 55i. ; and
oie, 82i.
st:seLveral alterations have occurred in Foreign
cl“ 3, but little business has been transacted.

Turkish Consolides are 46/ I ; Mexican, 26/ ;
ditto, New, 24i 25/ ; Greek, 17 / ; Spanish
Passive, 28/ i; the Certificates, 13i e ; Italian,
641 ; the Confederate Loan, 8 10 ; and Brazilian
Scrip, 2/ 3 prem.

Bank and Miscellaneous Shares remain quiet at
steady rates. Central Bank are dealt in at 50k ;
Imperial Ottoman at 154 ; Union of London, at
534 ; Hudson Bay Co. at 151 4 ; National Discount
Co. at 16-; Overend, Gurney, and Company, at 22 /;
Fred. Symonds and Company Shares are quoted 1
2 prem. ; Bank of Turkey, 11 11 prem. The
Credit Foncier and Mobilier of England. (old)
shares, 3/ 4 prem. ex all ; and the new issue, 3i 4
prem. ; the St. Saviour's Wharf Company shares
are 14 2 prem. ; the East and West Junction Rail-
way Company, 21 3 prem. ; the Tasso Brazilian
Gold and Mining Company, 1 prem. ; the Ameri-
can Oil Wells Trading Company, 1 21 prem.

BRITISH FUNDS—ONE O'CLOCK.
GOVERNMENT FUNDS.
3 per Cent. Consols
Do. Account, Dec. 7 BBk jf
3 per Cent. Reduced B7: I-
New 3 per eclat B7:
New 3f per Cent. Jan. 1894
Do. 5 per Cent. Jan. 1873
Annuities, 30 yrs, expire sth Jan., 1880
Do. for 30 yrs, expire sth April, 1885.
Do (Red Sea Telegraph), Aug., 1908—, 2

March June
Exchequer Bills, £1,000,3 & per Cent. 5 3 die 5 die
Do. £5OO
Do £lOO and £2OO —
Bank of England Stock, 5 per Cent
Do Account ' —
INDIAN GovERNMENT SECURITIES.
Indian Stock, 104 per Cent., AprillB74 —
Do Account
Do. 5 per Cent. July, 1870
Do. Account
Do. 4 per Cent., Oct. 1888
Do. Certificates —
Do. Enfaced Paper 4 per Cent B6l
Do. 5 per Cent., Jan. 1872
Do. 51 per Cent., May 1879 —
Do. 4 per Cent., Aug. 1866 —
Do. Bonds, £l,OOO lB pm
Do. under £l,OOO —
FOREIGN FUNDS -ONE O'CLOCK.
Austrian Bonds, 5 per Cent, 1859 —
Brazilian 5 per Cent —
Do. 44 per Cent., 1852-58-60
Do. 1863
Do. 1865
Do. Scrip, £25 paid
Buenos Ayres 6 per Cent —
Do 1 per Cent. (Deferred 3 per Cent.)
Chili= 6 per Cent —
Do. 3 per Cent
Colombian 6 per Cent.
Cuba, 6 per Cent. —
Danish 3 per Cent., 1825 —
Do. 4 per Cent, 1863
Do. 5 per Cent., 1773-77, £25 paid ---
Danubian Principalities
Do Account
Equador New Consolidated, 1 per Cent —
Do., Provisional Land Warrant
Egyptian 7 per Cent
Do., Second Issue
Do £lOO Bonds
Do. 1864 9l 4
Do £lOO Bonds
914 4 i
Greek 5 per Cents., 1824-5, en Coupons
Do. Account
Do. Coupons
Do Account —
ctuatemala 5 per Cent. —
Do .£B6 paid —
Do. 1839 and 1850 —
Italian 5 per Cent (Maremmana Railway)
Do 1865
Do Scrip, £674 paid —
Do 5 per Cent., 1864 —
Mexican 3 per Cent
Do. Account • —
Do 1864
Do 6 per Cent. Anglo-French
Do French Scrip, Ex. 25f 20c _
Montevidean 6. per Cent., £3O paid
Moorish Imperial 5 per Cent
New Granada
Do 2 per Cent
Do Deferred
Do Land Warrants (Hectares)
Peruvian 41 per Cent
Do. Account
Do Scrip, £4s'paid, paid in Bonds
Do 3 per Cent. (Uribarren)
Do 44 per Cent., 1862
Do Account
Portuguese 3 per Cent., 1853
Do 3 per Cent., 1856, '7, '9, '6O, '62, '3,
Do. Account
Russian 5 per Cent., 1822, £ St
Do 41 per Cent. 1850
Da 41 per Cent., 1860
Do 3 pet Cent. 1859
Do 5 per Cent. 1862 B9l 1 90
Do 5 per Cent. 1864 ..
Sardinian 5 per Cent

Do Account
Spanish 3 per Cent
Ditto account
Do New Deferred
Do Account
Do Passive
Do Account
Spanish Cert. of Coup not funded
Do Account l3l 14
Swedish 4 per Cent.

Do. 41 p©r Cent. 1864
Turkish 6 per Cent. 1854
Do Account 9l
Do 6 per Cent. 1858 —
Do Account
Do £lOO Bonds

Do. 11 per Cent
Do 6 per Cent. 1862 —
Do Account 741 i
Do £lOO Bonds 751
Do 6 per Cent.. 1863 —
Do 5 per Cent. 1865 —
Do Account
Do .£l€o Bands 43.1, 4
Do Scrip, X 35 paid —
Do Guaranteed, 4 per Cent
Venezuela 3 per Cent. —
Do. 6 per Cent., 1862

Do. ACcount
Do. 6 per Cent, 1864 —
Dividends on the above payable in London.
Austrian, 5 pm' Cent., Ex. 10 Florins
Belgian, 4} per cent., Ex. 25f.
Dutch 21 par Cont., Ex. 12 Gni,
Do. 4 per Cent. Certifies Les —
French Routes 4.i per Cent. —
Iralian 5 per Cent. ,1861, Ex. 25f.
Do Account

Consols for money
Do. Account, ex div.

5 10 dis

TWO O'CLOCK.
891 I
88f x d

The Insurrection in Jamaica•

-.,..--_

TO THE EDITOR OP THE SUN.

SlR,—Finding the press so full of intelligence and
discussion regarding the Jamaica insurrection, I
have been unwilling to trespass upon it ; but as my
letter of 24th October supplies evidence not yet
published of the implication of Mr. George William
Gordon in it, I send you a copy, as follows :
" It appears now that this matter has been brew-
ing for a long time, and that for two years past we
have been sleeping on the brink of a volcano. The
disclosures made since I last wrote are fearful, and
no one had the most remote suspicion of the parties
implicated. Bad as the people were, who would
have thought that night after night they sat coolly
deliberating blood ; and, more than anything else,
it will astonish you to learn that the man who was
at the bottom of it all—the man by whose advice
these meetings were held, who appointed cap-
tains and lieutenants, and who planned the
whole scheme that was to annihilate all the
white blood of the island—was the man
thought so much of by many people. I could scarcely
realise the idea that George William Gordon had
been arrested in Kingston (boldly walking about
-while this bloodshed was being perpetrated) till,with
manacled hands and military escort, he was con-
ducted on board the Wolverine for Morant Bay,
the scene of the foul slaughter that had occurred at
his instance and by his advice. I had a shadow of
doubt as he was thus walked away whether the
authorities could really bring home the bloodshed
to him, or whether, as some hoped, this awful state
of things was brought about by his preaching.
However, our minds were set at rest when intelli-
gence reached us from Morant Bay that a court-
martial was sitting on Gordon, and no proof was
wanting to condemn him to death. His office was
emptied of all papers belonging to him, letters and
papers of his were got in all parts of the country
urging the people to take the step. Dying men,
whom he had led to the gallows, in their last
breath, gave their confessions against him. Yes-
terday morning, at 8 o'clock, he, along with 17
black men, were hanging in Morant Bay. 0
wretched fate that a man should so far forget him-
self, should be so dead to reason and to discretion,
as to contemplate and design the murder of thou-
sands of his fellow-creatures.—l am, sir, yours,
JAMAICA.