The Dorset County Express and Agricultural Gazette.
Dorchester, Dorset, England, 1865-10-10 00:00:00

COMMERCIAL ARTICLE.

The Bank of England on Thursday raised their rate
of di,coriut from 5 per cent., to which it was advanced
moodly, to 6 per ceut, ani the Bank of Frau, •
have raised their rata from 3 per cent. to 4 per oent.
Tcia somewhat unusually rapil rise is, we are told,
owing to the great demand fur discounts, in consequence
of the specula boos in produce, and the falling off in the
Bank reserves, which we are further told are now as
ow Itl when money was at 8 per cent
The Bank Court on Saturday morning put up the
official rate of discount soother 1 per esnt —via., to 7
per cent. Such an unusual circumstanoe as an altera-
tion on Saturday, more especially as the quotation had
already been put up twice before this week, has
naturally excited great surprise. The fact of the rate
being raised three times in Oct. week is unprecedented,
end it is, therefore, justly argued that some very power-
ful induences must be at work to induce the directors to
take such stringent measures.
The return from the Bank of England for the week
ending the 4th of October gives the following results
when compared with the previous week :
Emit ..„ ... 23,823,042...1ncrea5e... £11,864
public deposits ... 6,891,910...1)e0rea5e... 438,100
Other deposits ... 13789,588 Increase ... 8,960
On the other aide of the account :
G ,vernment securities change
Other securities ... 24,170,9 W.. Increase Z 1,647,864
Notes unemployed ... 4,362,125...Deerea5e 1,913,855
The amount of notes in circulation is =728,160,
being as increase of £1,245,515, and the stook of
bullion in both departments is £13,183,837, showing
a decrease of £776,982 when compared with the preeed-

log retnim
In the there-market on Friday there was- an entire
absence of animation, and • downward tendency
affected all the descriptions, except American securities
and British mines, which were generally steady. In
English railways, Metropolitan (extension) recovered ;
ditto (original) declined a further 4, North British and
Sonth-Reseern4 each, Shropithire Union and Great
Western (Newport) 1 eat, and ditto (original), Lanca-
shire and Yorkshire, and North-Fastern (Bernie!) a
farther 4 each. In colonial, Eastern Bengal and Grand
Trunk of Canada receded d each, Great Western of
Amain shares (paid up) • further d, and ditto (new) •
further 4. In foreign, Paris and Mediterranean, Paris
Sod Orleans. and Southern of France declined d each,
Dutch-Rhenish (paid up) 4. Antwerp and Rotterdam 4,
and Lombardo-Venetinn • further 4. In American,
Pennsylvania Railroad (amend mortgage) improved 1,
and Illinois Central (shares.) farther receded 4. In I
British Mines, Wheal usett advanced 24. In foreign
mines, deo Copper further improved 4, and St. John
del Rey *alined 1, Frontino Gold d, Linares 4, United
Mexicandk mad Val Antigoria d. Of the banks, Swedish
relapsed.% and Union of Ireland ; and Hindostan
(issued èl pea) receded 1, British Columbia 4, and
Ottomair:V „Ds iniseellantions, Millwall Ironworks
imPr".4.04114a1 Mail Banes and South Australian
Land dealiand 1 mob, Leaden Kinancial and Ocean
Manna 4..4•44‘.114/p4i1.0 Tradlag, General Credit, Im-
perial Mermaid& Credit, and loterasational Financial
each, International Land ,Oredit further 4, Hudson's
Bay • further 4, °reread, Gurney, and Co. further 4,
and the 111111 Erie Railway bonds 4 at 2d to pm. The
salami OE nail she Tranantlantic Steamship Com many,
cloned on Friday for London at the quotation of par to
1 pm., closed on Monday fer the sonntry.
The train receipts of railways in the United Kingdom
amounted for the week ending 30th September, on
12,252 miles, to £754,506, &wilier the oorresponding
meek of leet year, on 11,915 called to £707,240, showing
ea increase of 337 miles and of "247,268. The gross
• on the following 14 railways amounted, in the
• on 8,771 miles, to £633,591, and for the nor-
. , •Ita yea of 1864, on 8,474 miles, to £596,611,
cab insrease of 297 miles and an increase of
eressems the Caledonian amounted to
, ; gs 4; the Great Eastern, to Ki 34 ;on the Great
. • so £1,197; ea the Great Southern and
£LO99; on tbe Great Western, to £1,734;
•°satire and Yorkshire, to £4;131; on the
Loads* end North Western, to £7,269; on the London
64 Brighton, to £3,726; on. the London arid South-
stern, to £1,545 ;on the Manchester Sheffield, and
Lincolnshire, to £1,780; on the Midland, to £1,250; on
the World British, to £1,790; on the North-Eastern,
£4,1011;, and on the Sonth-Eastern, to £l,636—total,
£4880„, The goods and mineral traffic on those lines
„mode& 4.2321,842, and feat the corresponding week
uf 1864,* 11306,25111, allowing an increase of £12,59L
sessegers, parcels, he., amounted to
1281,3E0, 'bowing an increase of
receipts on 60 other lines
a, to £130,917, and for the coor-
et year, on 3,451 tullss. to
inaresse of 31 miles endiond,
receipts of the put
as compared with

', wnthe 23rd