The news which came to hand on Saturday moraing of a drop in the price Iver of §chs of a penny, took this market by surprise. The sloady and gradual improvement which haa for some time charac: eriaod the price of the white metal gras looked upon as the begioviag of © movement towards higher rang". Merchants and Bank alike were unprepared for sach a violent jen setback, and exchange di not at first respond to the fall. On a very an-settled market " large business was done by importers which the Banks Id not stand up to, and rates y quickly noti a drop of a hi poney was recorded. At that point the sagging tendency was arrested. We gather from the telegrams thet the reason for the slap in a sonoaocoment in the Indian Bi proposals for the ensaing year that the duty on Bar Silver imported will be ineressed. to four annas per nave,
Text read from the printed page and cleaned; old type leaves the occasional error.