The Sun.
London, England, 1861-08-01 00:00:00

lIARKET AND C'ITY /V.E

--..............-.,...-....,.-.. - -..-..

CITY, Two o'CLocx,

REDUCTION IN THE BANK RATE OF

DISCOUNT.

The Directors of the Bank of England, at their
,fleeting to-day, reduced their minimum rate of
ulacount from 6 to 5 per cent. This important
Measure was generally anticipated, owing to the
abundance of money, the diminished inquiry
for accommodation, the decline in the rates
Charged for the negociation of commercial
ecurities in the open market, and the continuous
Ibfl4x of gold. The return to be issued this even-
ing will probably show an important increase in
Lae stock of bullion, and a falling off in the other
.',sourities, the comparatively low terms accepted by
tile banks and discount houses having recently
excluded the Bank of England from the general
business of the market.
About £BB,OOO in gold was sent into the Bank
of England yesterday.
The bar silver by the Tasmanian has been sold
at 58. id. per oz. standard, showing no alteration.
At the forthcoming meeting of the Great
Northern Railway Company a dividend at the rate
of 88 per cent. will be proposed.
The directors of the United Kingdom Elertric
Telegraph Company. have made a call of £1 per
Share, payable on or before the 22d inst.
Business in the Liverpool Cotton Market yester-
day continued rather quiet, but prices were firm.
The sales amounted to about 8,000 bales.
A meeting has been held to-day of the share-
holders of the London and County Bank. The
report, which was adopted, exhibited a net profit
for the half-year to the 30th of June last of
t 444,473 3s. 3d., after payment of interest to ens-
:Mel's, £47,451, and of the ordinary expenses, in-
.4llle-tax, rebate on bills discounted and not due,
and Providing for bad and doubtful debts. A divi-
dend of 5 per cent. for the half-year, payable on the
12th inst., was therefore agreed, and a balance of
19,473 will then remain to be carried forward.
Increased firmness has prevailed in the Market
for Pablie Securities to-day, chiefly in consequence
of the redaction in the Bank rate of discount, al-
though the favourable weather is also productive of
euoyaney. Consols are 90 901 for transfer, and
141 for the account. The New Threes and the
4educed are steady at 891 90,1; Bank Stock has
improved to 231-1 and 233; India ditto is flat at
219 ; ditto 5 per Cents. remain at 991 i ; and
exchequer Bills, March, are heavy at 13s. to Bs,
41.18. ; ditto June, 4s. dis.
In the Foreign Market a fair amount of business
has been recorded, and prices are firm. Turkish
6 per Cents. are 79 to 791; ditto, 1858, to 681 to
69; Mexican are steady at 241 ; Spanish have
Improved 488, ditto Deferred remain at 41i; Vole-
taelan at 171 ; and Dutch 21 per Cents. at 631 ;
Peruvian 3 per Cents. have advanced to 74.
The last week's railway receipts, ascertained up
to this day, are in round figures as under :-
1861. 1860.
Great....
western Western £51.756 £49,722
'4,526 92,638
es tern
21,463 24,245
40,220 40,128
Midlandlll.ll4glt )13
'LI
t-la tern
feat Northern 27,642 2.5,131 ,
eashire and Yorkshire
estol and Exeter .. 6,983 7,119
41,054 39,907
p azchester, Sheffield, and Lincoln 12,162 12,125
-Z,,°11111 Wales
Hartlepool
Edinburgh and Glasgow 7,001 6,967
urand Trunk of Canada
Great
Western of Canada
These returns, in some instances, exhibit rather
.bafavourable features ; in the Lancashire and
Yorkshire, for example, there is a decrease of
42,142; on the North-Western, £1,112; on the
Brighton, £2,782 ; and on the South-Eastern,
£lO7, The Great Western shows an increase of
£3,034; the Soxth-Western, £1,539 ; the Midland,
!,92 ; the Great Northern, £2,511; the North-
Eastern, £1,147 ; the Grand Trunk of Canada,
4401, and the Great Western of Canada, £2OO.
Business in the Railway Share Market has
been moderately active, and a slight improvement
has taken place on the rates realised for several of
.11e Principal undertakings. Lancashire and York-
tire, North Western, Manchester, Sheffield, and
Lincoln, and Midlands advanced ss. ; and Caledo-
art and North Eastern (Berwick), 10s. Great
Northern declined about 155., and the A stock
£2 to £3.
The Foreign and Colonial lines experienced little
'ariation. South Austrian and Lombardo-Venetian
are 168 ; Bahia and San Francisco, 11i ; Great
Western of Canada, 10 ; East Indian, 99 ; and
great Indian Peninsula, 94t 951.
Joint Stock Bank and Miscellaneous Shares
bh'ixight about former prices. Union of London,
"ever, declined ss.

BRITISH FUNDS—CLOSING PRICEg_
tal*Rtlx k
a ,
4 per Cent. Reduced Annuities 9O 89/ 901
brper Cent. Consuls Annuities
A_w 3 per Cent. Annuities 9O 1 89/ 90/ 90
e
"1-onuities, 30 yrs, expire sth Jan., 1880.•
1n a S Ditto
toc for k
30 yrs, expire sth April, 1885 1519 11-16 I
Ditto 5 per Cent.
2 991 f
Ditto Loan Scrip, 5 per cent
-Ditto Entaced Paper, 4 per Cent. —
Ditto 5 per Cent 94/
Ditto 51 per Cent
,_. Ditto ditto April, 1864 96f
1)
,;ff,. Bonds £l,000
las.n.k Stock for Account 233 2
ombois for Account, Aug. 7 . . 94 90 1
India Stock for Account, 5 per Cent .... 991
2d Mar, p. day June 31 p. ct
k xcheqver Bills, £l,OOO, 2d l3 is 1 die
D tt" £5OO 8 dis 4 1 dis
Ditto Smell
FOREIGN FUNDS—CLOSING- PRICES.
Brazilian 5 per Cent . •
Ditto 4} per rent. 1860 ..
Danish 3 per Cerit, 1825
kexican 3 per Cent
221
,:bc:vi
iii.ttttttoooanA4cciopunert
Cent,
1 -
e
Ditto (Uribarren), 41 per Cent.
3ApeecrounCetnt.
74
'ltmsian 5 per Cent. 1822, £ St ..
tbitto 4f per Cent.
Ploish 3 per Cent ..
Ditto Account
Ditto New Deferred —
Account
1.,.,bitt0 Passive
ylttotitsob,NA6ccepweoruLnCoteannt
79
bitt .„. 0 Account I. 6Bl 1 t/ I 9 83
VLltto £lOO Bonds
'ueznelan 3 per Cent
bh Dividends on the above payable in London.
P 2f. per cent , Exchange 12 Guil.
"Nvioan Dollar lionds, 4f per Ct. Ex. 4s BO/
THREE O'CLOCK,
Consols Money
Ditto' Account 9Ol 4

'4lB2lcEs' JUSTICE IN HUNTING-
DONSHIRE.

Ilarriet Creek, of Little Raveley, wife of Jonas
Creek, labourer, was charged last week before the
to
agistrates of the borough of Huntingdon, with
ing, in April last, used a steel trap for taking
game
• The information was laid against the de-
.e4,l
'ant by Mr. Roper's gamekeeper.
R,43 man named Woodcock deposed that he was
defendant,
to work in the morning, when he saw the
:erldant, about a hundred yards from him, in the
4
'nf killing a hare in a common rabbit trap. He
iattba "You have a nice one there. It is worth
there
She replied, " It is worth more than that ;
lire is a great deal of victuals on these things.
I,i%Often have one. We had one last Sunday."
tiel.'"r• Wallingford, who appeared on behalf of the
Aendant, contended that Mrs. Creek had a right
ba'n 9.5 she did. She was the servant of her hus-
band' and was acting under his instruction, and her
and was the certificated servant of his master;
and
he called Jonas Creek, who stated that he had
beencertificated by Mr. Peter Martin to kill hares
oo his farm, but he had not seen any certificate.
theN Wallingford applied for an adjournment of
, ease ; but the bench thought there wouldbe no
tldef antage in
adjourning it, and they fined the
dallt £2 and 155. expenses. This sum she
Vueli
unable to pay,
and accordingly was committed
Prison for a month.
The ,
this
lain names tne " great unpaid" who arrived at
ble
gular decision are D. Veasey, W. W. Hum-
W• H. Desborough, and Rev. A. F, Stopford.