The Sun.
London, England, 1860-11-29 00:00:00

NO VEY MARKE7' AND CITY NEWS.

CITY, Two O'CLOCK.
REDUCTION OF THE RATE OF DISCOUNT.
The minia,tra rate of discount hAs been reduced
to the extent of 1 per cent., viz., from 6 to 5 per
cent. This important measure was generally anti-
cipated in consequence of the recent decline in the
'value of accommodation, and the cessation of the
adverse specie movement. During the past week
the authorities have been excluded from active
Participation in the current discount business,
"ring to the increased facilities offered in the open
market, and in the course of a few days the mercan-
tile community will, no doubt, be enabled to get
their securities negotiated even on lower terms
than 5 per cent., the market being well supplied
with money.
There were no bullion operations of importance
at the Bank of England yesterday. About
1.360,000 in silver, of the L 2,000,000, however,
have been received from the Bank of France.
At the meeting yesterday of the creditors of
Messrs. J. and E. Williams, sugar agents, the pro-
Posal to pay 15s. in the pound was accepted.
At the forthcoming meeting of the Peninsula and
Oriental Steam Navigation Company, a dividend,
&e., amounting to 5 per cent., will be proposed,
making, with the distribution of 31 per cent. in
T
"uno last, 81 per cent. per annum.
A 'meeting has been convened of the Canada
couipany, for the purpose of determining on a divi-
dend and other business. _ .

A fair amount of business was recorded in the
Liverpool Cotton Market yesterday, and prices
Were a shade higher. The sales were about
10,000 bales.

Th.e announcement that the Bank Directors had
reduced the rate of discount produced very little
effect upon the Market for Public Securities, the
Leasure having been partly anticipated in specu-
lative circles. Consols are 931 I for money and
Recount, showing no variation of importtince. The
New Three per Cents. are firmer, at 91 92; the
Iteduced at 911 92 ; India New Loan is steady,
at 1037-, ; ditto 51 per Cent. Enfaced Paper has
itnproved to 1011, and the Debentures remain at
961. Exchequer Bills are 4s. to is. dis.
No variation has taken place in Foreign Secu-
"ties, and business is quiet. Turkish 6 per Cents.
are 73 x ; ditto New, 581 to 584; and 4 per Cents.
are firmer at 102 ; Portuguese at 461 ; Spanish
remain at 50; Brazilian 41 per Cents. at 891;
and Dutch 4 per Cents. at 100.
The last week's railway receipts, ascertained up
h this day, are in round figures as under :-
1860. 1859.
Groat Western
°ftll-Western
South
. -Weatern
r.ighton 14,590 14,090
Bone Eastern:_icliato,l
19,250 17,269
rat Northern
4,slfttshirs and Yorkshire
- 6,804 6,010

snstol and Exeter
0rd:1-Eastern ..
6rost Midland
Rcieilla Southern and Western Ireland
Grand
and Glasgow.. 6,243 5,960
Great
Trunk of Canada
Western do
The traffic returns shew a further satisfactory
loraProvement in the receipts of most of the princi-
pal lines. The increase on the Great Western
!Mounts to £816; the North Western to £1,506;
the South Western to £1,057 ; the Brighton to
POO ; the Midland to £2,981 ; the South Eastern
4 £1,981 ; the Lancashire and Yorkshire to
,1,2,438 ; the North Eastern to £2,362; the Grand
"-rlllllc of Canada to £5,259 ; and the Great
western
of Canada to £1,463 ; on the Great Nor-
Itern, however, there is a decrease of £2,761.
-11 the Railway Share Market increased buoyancy
as prevailed, and a further improvement has
Laken place in the current quotations of most of
UIQ principal undertakings. The liquidation of the
4etlyant, however, has occupied the chief attention
of tle dealers and speculators. Great Northerns
and South Easterns have improved ss. ; Caledo-
4js.ne, Great Westerns, North-Westerns, South-
'esterns (Midland), North-Eastern (Berwick),
and Worth-Eastern (York), 10s,
The Foreign Market has been very quiet.
South Austrian and Lombardo-Venetian are heavy,
at 1%.
In the Colonial undertakings prices have ruled
rather firmer. Grand Trunk of Canada have
advanced to 24t ; and Great Western of Canada,
to 11/. East Indian are steady, at 1011 ; and
great Indian Peninsula have improved to 97; 1.
Taint-Stock Bank and Miscellaneous Shares
have remained at almost nominal rates. Ottoman
"uank are dealt in at 181 ; and Agra and United
Service, at 82k. Peel River Land have improved
to .59 and 51.

t BRITISH FUNDS—ONE O'CLOCK.
aauk stock ... .. 232
8 Pqr Cent. Reduced Annuities 92 11
Per Cent. Consals Annuities
ndi3 Per Cent. Annuities
a Stock
Ditto te per Cent
Ditto Enlaced Paper, 4 per Cent —
rsl).itto 51 per Cent ...... .
Console
Debentures, 1858 961
Yrtotisols for Account, Dec. 6.
"„e 11 oqtt e r Bills, £l,OOO, lia
.0 tto £5OO 1 4 dig
Ditto Small
FOREIGN FUNDS—ONE O'CLOCK.
Brazilian 6 per Cent
Ditto 4/ per Cent, 1860
Portuguese 3 per Cent.. 1853. .. 464 1
Ditto 3 par Cont., 1856, '7 and '9 —
Ditto Account
Spanish 3 per Cent...
'arkish 6 per Cent ..
Ditto New Loan
Ditto Account
Ditto Guaranteed, 4 per Cent.
Dividends on the above payable in London.
Dutch Exchange, 12 Gull. 2i per Cent —
Ditto Certificates, 4 per Cent.
TWO O'CLOCK.

Consols, Money 931 I
Ditto Account .

The Hon. Mr. and Mrs. Francis Stonor have !
,
ilia London on a visit to Colonel and Mrs. Challener, at ,
16ortnall Park, near Windsor.
marriage will shortly take place between st(
r,
-ftptain Manse!, of the 3d Light Dragoons, and Miss Clara, 0,
eldest daughter of the Hon. Arthur Lascelles, of Norley, sty
in the county of Chester.
The effect of our six per cent. rate of discount in
attracting money from the Continent for employment on st
this side is said already to have been manifested, several :t
amounts having been remitted hither to be employed in the sit
discount of long bills. st
About 10,000 sovereigns were shipped by the
atearaer to N swYork onTuesday,while theHammonia yester-
day has brought £9,000 from that city. The advices tele- as,
graphed by this packet tend to confirm the impression that s
at/ specie remittances that may be made to America in
consequence of the exchange and discount quotations
received on Monday will be likely to result inloss.
It is stated that a large amount of bills drawn from
Constantinople by some unauthorised person, or in a ficti-
tious name, on a respectable house in London, have been
Put in circulation at various places on the Continent.
Advices from Naples yesterday state that an
action brought by Deputy Bertani against one of the public
Journals on account of some allegations of corruption in
connexion with the railway concession granted by General
Cistribaldi had resulted in his entire vindication.
, SOUTHAMPTON, Wednesday.—The North German
-Lloyd screw steamer New York, Captain H. J. Von Santen,
Bailed hence at 2 p.m., with German and English mails,
150 passengets, £lO,OOO in sovereigns from London, and a
full cargo. Captain M. F. Maury, the celebrated ocean
surveyor, who came across in this steamer on her last voy-
age, returns to New York in her.
• TiE FAIR CIRCASSIAN AND HER MASTER.--A
female named M. Nabb, yesterday, brought an action in
re Court of Common Pleas against the executors of the
as wages
Mr. Peel, the printer of the New Cut, to recover £54
her wages due to her at his housekeeper. The plaintiff in
17:1- evidence said she acted as housekeeper to Mr. Peel for
„'res years, She did not receive wages during that time,
-C. she had money of her own and did not want it. Several
witnesses were called to prove that the fair Circassian lived
with Mr. Peel as his mistress and not as servant. One of
ern, a man named Herbert, said he had frequently taken
111? breakfast to Mr. Peel and the fair Circassian, which
consisted of ham and eggs, kidneys, or rump-steaks, with
iaushrooras. They were always in bed together. He had,
°l invitations of the plaintiff, often had a toothful with
there, The jury found a verdict for the defendants.
FEARFUL FALL.—Two men were killed on
Saturday, by falling down the Bull Pleck Coalpit at Porto-
bello, near Wolverhampton. An engliver named Joseph
iiiewill wished to go down the shaft to put anew bucket on
eblitiTruP• In order to deseend he fastened the lashing-
ends
ofaund his waist and, as he supposed,. made the
thcaezil the lashing-chain secure to the draw-chain by which
put
in motion
are brought up the pit. The engine was then
lashilz,motion, and Newill began to descend. He had
scaffold, ho:wever, left the mouth of the shaft before the
the pit. chain parted from the draw .chain, and ho fell down
Not far below him there stretched across the pit a
was the f.,,rewhlch one Enoch Mason was at work. So great
it Was dere:l7'lth which Newill fell upon the scaffold that
the shaft, an(lB'ed, and fell in fragments to the bottom of
of course, kapwith it both Mason and Newill, Both were.
" shockingly mutilated.