New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-11-28
THE LATEST.
va Ltrerp0Ol.

LotDOh, NOV. IL, LOU.
About 5 O'Clock Yesterday afternoon il was I'M
nounced from the Bank Of England, ID the subgODrd
notfc aton that tie minimum rate Of discount hs.s
been raised from 4 per cent, at which wss 6xed
Thursday Last 10 5 per cent.
1.-The minimum rate Of discount for bills no. having
than ninety-fye days to run, Is raised 70 psx
cent"
This alteration in the Bank Of England rate Of dis
count was known at all on the Stock Exehange,
in financial circles until some time after business
hours.
The Times rays that this step adopted in cone-
uuence Of withdrawal during the afternoon Of
100000 in gold account Of the Bank Of France,
end which it s understood viii be forthwith followed
by further sum Of f2OO,OOU
The DAILY heus says that the drain upon the Bank
Of France continues and private letters state thai it
has become active during the last week. Tbs
Directors Of that establishment accordingly offer
price for gold which attracts it from here, and ths
Bank Of England on their part have no choice bat 70
yerfeyere in protective measures.
Should tire eux of gold continue, it is probable that
rise Of 81 per cent in the rate of discount will be de-
ded upon early as next Thursday.
The London Times says that future payments dne
from this country will be lessened by the premature
drawing of the Bank of France upon Onr position
is like that OF man who in consideration Of cerais
UowsnCe, pays at Lady Day the rent that VIII
OF be due until Midsummer But the sudden with
rGws Of CAPITAL TO country where il is not yet due
naturally creates artificial scarcity in the market,
nd enables the Bank of England for the time 10 ns
upon higher terms.
Lospos TUESDAY EvESIsG.-The Funds opened
this morning at the firm quotations of yesterday but
subsequently they experienced Q decline Of l. Tbs
advance in the Bank of Englands rule Of discount did
rot tranfJ until after the cloeng of the Stock Er
change. The Joint Stock Banks aud Discount Houses
will tomorrow, "wednesday, most probably increase
their allowance for money at call
Business for the day had terminated al each OF thes
establishments when the announcement from the Bank
was made. Tie demand for discounts a. the bank and
in the open market was moderate, and on the Stock
Exchange they remained at q cent. In the foreign
exchanges this afternoon, the rates AmserdsIus
nbnre, and Paris advanced.
Tie Railway market to-day has been depressed by
sales partly of stock held specuhtivey on
borrowed money, and closed at average decline Ok
ial v cent. Midland, Lancashire and Yorkshire,
and the Great Western Railway stocks have beoa
chiefly affected. The final prices at The ioweet
point OF the day.
The Dniy kers City Article) says:
LONDON, Tuesday Eyening.-The stock markets
were materially heavy to-day under the influence Of
tire disturbing bullion movement. The funds closed
heavily, but ;he reduction did not exceed | y cent.
Conso derive support from the approach of the diyi
dend period. The chief depression was shown 10 the
British railway stocks. Several descriptions fell y
cent, and the closing prices in all instances were the
lowest of the dav. A number of speculative holders
have Effected sales The circumstance that the settle
ment commenced this day, terminating on THURSDAY,
rendered the market more sensitive.
The business at the discount Office at the Bank OF
England to-day brisk many customers pressing Tor
accommodation under the apprehension of rise ia tbs
rate In tie open market the best short biIL werc
readily taken at ~ y cent. There sign OF APP
prehension. The supply of money in the banks snd
other great financial establishments Is ample. All long
engagements however, are studiousy avoided
The adyices from Sidney mention the stoppaSe OF
hesfr. Augustus Dreulter & Co.. merchants, with
liabilities amounting TO f2S,Oc0 and assets 10 I 10 600.
II IL estimated that less than II OgiOOO In Aug
trahau gold il on the way 10 this country.
LokDos, Nov. IA, lS6n.-Al the fifteen Ministers
attended tie Cabret council Yesterday.
IN lrfaLta lHaEf
Seccon be- left STithead under steam, yesterday at
p. m proceeding down the Channel N search OF her
Majesty ship Hero In compliance with Instructions
iro u tie Admiralty.
A Telegram from Plymouth, dated hast night, says
that her haiesiys frgate ORLANDO has been got ready,
and would proceed westward 70 look ont for tho
Hero.
The health of the Empress Eugenie Il said 10 be
delicate and il is reported she is about 20 leave Paris
OF journey, though no one seems 10 know 10 wfst
| place she Il going.
Wa Queeastorrn.l
LONDON. Nov. Il, 1850.
The Canadian, from Quebec on the 18th instant, a.
rived at Londonderry on the nth inst, aud snded 81
| her mar. -
The following is the farewell address Of SArioliis
NAPLES, Nov 5, 1870.
To MY CoMrHsIoSs IN Arms: We must now con"
slider the Period which Is just nnhng a. ths ast SeS
but one In our national resurrection, and prepare our
selves 10 finish worthly the marvellous design OF me
eleCt Of twenty generstisns, Toe eonpeuoh Oh "h1
Providence hAs reserved for this fortunate age on yours
Zee young men, Italy S ow ,bs sO on e
To this wonderful account in your country history,
another more glorious sill will be added ANA the sk've
shall show al last TO his free brethren S1lene4
sword forged from the links Ut his etets 10 arms
then all of you and the oppresors and the ghty WI
disappear ike the dust =,
arms that win only give you towards for children and
YOU who are the aauste- Of tho land Of duty nut