The Sun.
London, England, 1861-08-15 00:00:00

2101rEY Ii:I4RK ET -4. ND CITY NEWS,

CITY, Two o'CLocK.
ALTERATION IN THE BANK RATE OF

DISCOUNT.
The directors of the Bank of England have re-
duced the rate of discount to 4,% per cent. Although
the appearance of the Money Market indicated the
probability of a speedy alteration, many thought
that a delay of another week might have been
deemed advisable. .The measure, however, has not
produced any astonishment, and its effect at the
Stock Exchange has been unimportant.
About £12,000 in gold was purchased by the
Bank of England yesterday.
At the forthcoming meeting of the Ottoman
Bank proprietors a dividend of 8 per cent. per
annum will be proposed.
To-morrow, a call of £2 per share, the total
amounting to £120,000, is due on the Recife and
San Francisco Railway Shares.
The shipments of specie to America are now con-
ducted on a very limited scale, the Teutonia which
left Southampton yesterday for New York having
only taken £515 from London and £6,190 from
Itavre, while the City of Washington, from Liver-
Pool, conveyed £5,300.
The half-yearly dividend on Peruvian 41 per
Cent. Bonds has been announced for payment on
and after the Ist proximo.
In the Liverpool Cotton Market yesterday the
demand was very moderate, and prices receded 1,-d.
per lb. The sales were 7,000 bales.
At the first ordinary meeting of tho East India
Irrigation Canal Company to-day, the report stated
that the receipts from July, 1858, to the Ist inst.,
amounted to £45,023, and the total expenditure to
4,822, exclusive of interest paid to shareholders
in excess of the amount received from
investment. The directors congratulated the
shareholders upon the incorporation of the
company, with limited liability, by the special Act
Of Parliament, and also upon the satisfactory
understanding that has been arrived at, after a
Most difficult and lengthened negotiation and con-
troversy, with reference to the terms under, which
the first scheme of works is to be undertaken.
The directors of the London and North Western
Railway have just announced their intention to
declare a dividend at the rate of 34 per cent., leav-
ing £12,000 to be carried over.
There has been very little movement in the
Market for Public Securities to-day. A slight im-
provement, however, took place, when the result
of The Bank Court became known, Consols being
904 t, for transfer, and 904 4 for the 10th proximo.
The quotations appear buoyant, although the deal-
ings are restricted. The New Threes remain at
904 t ; the Reduced 904 ; India Stock is firm at
~.220; ditto 5 per Cent. 1004 ; Exchequer Bills,
March, are firmer at lls. to 10s. die. ; ditto June,
ss. to ls. dis.
Business in the Foreign Market continues quiet,
and prices show no important variation. Turkish
6 per Cents. are 78/ and 784 ; ditto, 1858, have
improved to 694 I; ditto £lOO Bonds, to 714 4 ;
Sardinian are heavy at 781-, and Brazilian at 99 ;
cluador New have advanced to 131 4, being 4 per
"nt• higher, owing to the receipt of the following
communication.
" Ecuatorian Commission of Agency,
London, Aug. 14.
"Messrs. Gutierrez and Co. have forwarded to
their consignee in London 2,000 quintals of cocoa,
nth instructions to hold the proceeds (about
4,600), when sold, to the fiscal agent of the re-
Aablic towards the payment of the interest on the
consolidated debt."

The last week's railway receipts, ascertained up
to this day, are in round figures as under :

1861. 1860.
11°1111-Western £ )8,147 £98,625
South-Western
ghton 27,649 22,355
Midland
South-Eastern
29,303 27,411
t at Northern
tIIP-aughire and Yorkshire
~,,ristol end Exeter 8,076 7,373
Manchester
• •
'6ll,lluhester, Sheffield, and Lincoln 15,716 14,648
Edinburgh South and Wontorn of Ireland
Scoter' gil
and Glasgow 7,427 7,268
,sa North-Eastern
rand
Western of Canada
_ and Trunk of Canada .. 14,471 11,192
These returns, in most instances, show an improve-
Ineat. On the South-Western there is an increase
(If £262 ; on th 3 Brighton, of £5,294 ; on the Mid-
land, of £1,431 ; on the Great Northern, of £1,892 ;
on the North Eastern, of £926 ; on the Manchester,
Sheffield, and Lincoln, of £1,068 ; on the Edin-
burgh and Glasgow, of £159; on the Grand Trunk
of Canada, of £3,279. The London and North-
Western, however, shows a decrease of £478 ; the
South-Eastern, of £1,554; the Lancashire and
Yorkshire, of £1,067; and the Great Western of
Canada, of £253.
In the Railway Share Market a rather firmer
tone was apparent, but the dealings were of a very
limited character. Bristol and Exeter, and South-
.b
'4Bterns, improved ss. ; and Great Westerns and
4lidlands, 10s.
The Foreign and Colonial undertakings were in
limited favour. South Austrian and Lombardo-
Venetian have declined to 16i ; Bombay and Ba-
-1°44 to 941, ; and Great Indian Peninsula have
proved to 96*.
14eInint-stock Bank and Miscellaneous Shares have
be@nin very limited demand, and no material change
a 8 taken place in prices.

per
BRITISH FUNDS—ONE O'CLOCK.
'CA' Cent. Reduced Annuities 9oa I
tre;:,9ent. Consols Annuities
Ittdi °Per Cent. Annuities 9O a a
1)14. Stock ,
bi,",t° 5 per Cent.
ti,(o -,-,
„ -e.ntaced Paper, 4 per Cent —
b" 5 per Cent.
I)4t, 6f to 1013-
per Cent.
bi,'° Debentures, 4 per Cent., Oct., 1863 961 i
%)„.,d",',Bonds £l,000
-°°liifor Account, Sept. 10
lltcl, Mar. 2d p. day. June 31 p.ct
-Niter Bills, £l,OOO, 2d ll 10 dis 5 dis
is. Ditto £5OO N - 1 4 dis
,Jitth Small
tra,„ FOREIGN FUNDS—ONE O'CLOCK.
'cult% 5 per Cent
kh_ ,4) 4i per Cent., 1852 BB
111',7(tor New Consolidated
gall 6 per Cent. 1822, £ St —
Nr(l4o 4i_per Cent.
b;Ltliau 5 per Cent • —
Tllrq'o Account
4.-„,811 6 per Cent .. 781
bi,.'l-0 Account
bi:l° New Loan
Ditto Account
Lto £lOO Bonds
Dividends on the above payable in London.
TWO O'CLOCK.
%118018' Money 9Ol a
Ditto Account

tioll'l
CTTII LANCASHIRE ELECTION.—TheHIREseatn
Parliament for
nomina-
Sont of for the third
),e,itegt. Lancashire took place at Newton-in-Mackerfield
at ten o'clock. Mr. Brocklebank, of
morning,daY
proposed John Cheetham, Esq.,
Lancashire in
as a fit and
Parlia-
ke°4l3ta.t person to represent South
tto,„, Mark Philips, Esq., o. f. Manchester, seconded the
~sea
h,"lation William Entwisle, Esq., of Manchester, p
t 'had Turner, Esq., as a fit and proper person to
a:4N thees division in Parliament. Mr. Shand, of
ON, seconded the nomination. Mr. Cheetham then
and ea the assemblage, amid the cheers of his friends,
ge
counter cheers of his opponents. Mr. Turner fol-
olWll:l,4'_be.ing r eceived with cheers by his friends, and with
Wards la°lBes by his opponents. A show of hands was after-
be r.
i taktn which the Sheriff, who presided, declared to
half !our of Mr. Turner.
vote
poll was demanded
.on
tna ofo?f Cheetham. A .of thanks to the presid-
There was a great
totteo-414.,;er terminated the proceedoixng
stement exhibited.
zga of People, and intense
teri net People,
of 20 per cent. falls due on India
loariP,°ll TileSday next, but more than £2,000,000 of the
ik4aa alr ad been paid in full.
the Viestory. Lon of £1,000,000, contracted on
t 1,25t1a
„ on which only a deposit of 5 per cent. has
Celt Paid, will have to be paid in full by the subscribers
At t",a3', the 16th.
Mail ~ne Meeting yesterday of the Atlantic Royal
Mopt;eata -\ravigation Company the directors' report was.
creasing It was resolved to issue shares or stock for in
h:hthe nominal capital from £500,000 to £1,100,000.
kat half yearly meeting of the Kent Coast (late
villl3ate) Railway Company is called for the 31st inst., and
X6onr‘e bade special, to authorise the company to raisew
£2 00. by the creation of new shares, and to borrow
of 1,417C0ND DEATII FROM THE EXPLOSION
11t4eci APprs LAMP —Last night Mr. G. S. Brent re-
Taveriaaa,,d concluded an inquiry at the Bank of England
Nratt'
slioakdcington,-on the body of Mr. Montmorency
d@ 4lread.. . ca. The particulars of each inquiry have
sad.. Y-beell before the public. The jury found " That the
Iteeid_°l the said Montmorency Durant Stokes was caused
vtdally and by misfortune."