The Daily Times.
Liverpool, Merseyside, England, 1860-11-17 00:00:00

THE MONEY MARKET.

The Times says. the rise in the rate of discount from 5
to 6 per cent. created no surprise, and' was not followed
by any movement in the stock market, where prices
were steadily maintained throughout the dat. The
public see thoroughly that the present drain is totally
different from those that t' Ice plaCe from extravagance
and reckless trading. It was understood that £360,000
in gold bars would he removed from the Bank yester-
day, and the whole were packed up ready for delivery,
but as soon as the rise in the rate of discount was
announced the dealers, it is said, telegraphed to Paris,
and they subsequently declined to take any. The opera-
tion, however, is prohatily merely pustpozied till to-day.
The Times mentions that a number of rumours are in cir-
culation regarding the extent of the present drain upon the
Bank of Prance. According to one of them no less than
£3,600,000 has been drawn out since the advance in
their rate of discount to 43 percent. on Monday last. and
the rumour is that the Bank of France intend to obtain
£2,000,000 more from this side, but supposing such to
be the case they would not be likely to allow the inten-
tion to be prematurely published. The Tinws explains
the operation by which .the withdrawal of gold from the
Bank of. England on French account is effected. Bills
are drawn between Paris and London by the firms
employed; these bills are discounted at onr banks, and
the notes thus obtained are taken to the Bank of Eng-
land to be exchanged for gold, whichis forthwith trans-
mitted to France. The Bank of France pay all the
expense's of the operation. For every iiiineCifif gold'
withdrawn we have full value in French guaranteed
bills of exchange of a character equal to gold, and our
position, therefore, is just as strong after the Aux as
previouS to it. The discount houses haye raised' their
allowance on depOsits from 4 to 43 per cent. for money
on call, and from 41 to. 5. per cent. with seven days'
notice. The joint-stock banks have also raised their
terms, the London and Westminster giving 41 on sums'
of £5OO and upwards, and 33 on smaller amounts ; the
Commercial, 5 per cent, for old deposits, and 41 for all
fresh sums; and the other banks adopting a uniform
rate of 41 per cent. The limit of 41 was agreed to at a
meeting held at the London and Westminster, at which
if was agreed that it would not be expedient in the
preSent instance to follow the usual plan of fixing the'
allowance at a point so high as that of 1 per cent. within
the-Bank rate of discount.
The .gerald gays, the advance of yesterday has brought
the question of the effect upon the legitimate trade of
the country under strong consideration. Six months'
paper was quoted 7* to 8 per cent., but this is not' too
freely absorbed, :because the lapse of a day or two may
cause an important fluctuation. Yesterday parcels of
Dillswere negotiated early in the morning at 5 and 53
per cent., which after one o'clock p.m. could not have
been done.at 61 and 7 per cent. With such a condition
of affairs, it is.not unreasonable to apprehend mercantile
ilifficulties. Trade must be in a comparatively sound
state, otherwise spasmodic movements of this kind would
quiCkly develop the consequences.
The Daily News says that the discount market yester-
day was very unsettled. At the Bank of England there
was a continued pressure for money, that establishment
being the cheapest market, notwithstanding the advance
in its terms. In most other • quarters only regular
customers were accommodated. Very little business
Was done below the Bank rate, and 6 to 61 per cent.
may be considered the prevailing terms for very good
bills having not more than sixty days to run. As regards
four and six months' paper, there was a general indispo-
sition to discouq it ; nevertheless, the principal financial
establishments appear to be amply supplied with money,
though very careful of employing it.

A Cabinet Council was held yesterday.
The death of Dr. Pepys, Bishop of Worcester, is
announced.
The Marquis of Salisbury and Lord: M'almesbury
have proceeded on a visit to Mr. Disraeli in Bucks.

BANKRUPTS.
Thomas William Blofield, builder. Leather-lane.
George Henry Chase, boot maker, Oxford-street.
John tlackwood Wilson, draper, Penton-street.
Edward Skevington and James John Clutterbuck, lea-
ther dressers, Bermondsey.
James Colls, coal merchant, Thrapston and Denford,

Northamptonshire.George Robinson and Robert Witt, victuallers, Ber..

mondsey.
Thomas Joshua Penton, wine merchant, Lime-street.
Thomas Robert Merrell, Ifedenham, Norfolk, brick

maker.
William Hadfield, marble merchaht, .Milbank-street,

Westminster.
George Robinson, hotel keeper, Lincoln-street.
James Jones, salt glass dealer, Birmingham.
James Phillips, druggist, Church Stretton, Shropshire.
Charles Coleman, flour merchant, Halfavor. Mill, near

Bodmin.
John Parker Hall, broker, Liverpool"!
Charles James Cudby, grocer, Goldington-street, St,

Pancras. _
Robert Clarke Ward, draper, Queen's-terrace, Chelsea.
John Todd, cheesemonger, Holloway-street.
Newcastle Brown, hotel keeper, Fleet-street.
Benjamin Jones, painter, Cardiff.
Roberti Stewart,' draper, Wells, Somersetshire.

BANKRUPTCY ANNULLED.
Theodore Streiberg, fancy wood merchant, Wilson-
street, Middlesex.

TUCKERMAN INSTITUTE.—Last night, in the Domestic
Mission Chapel, Bedford-street, Toxteth Park, the first
lecture of the winter course in connection with this most
admirable institution was delivered before a large audi-
ence, by W. J. Lamport, Esq., on " Baxter and the
Nonconformists." The lecture was very interesting and
instructive, no less for the immense amount of valuable
information which the lecturer furnished to his auditory,
than for the sound practical remarks he addressed to
them, to imitate and imbue themselves with the spirit of
the holy and heroic men of whom Baxter may be truly
said to be at ohee the leader, the instructor, and the.
, guide. The early career and pious manifestations of
this sanctified servant of God were graphically described,
and instructive moral lessons, drawn from his pure and
spotless life, .were inculcated by Mr. Lamport to his
hearers in an earnest and fervent manner. At the con-
clusion of the'lecture all present joined in prayer for an
outpouring of the Holy Spirit, that the same divine pro-
tection which shielded the sainted Saninel Baxter in the
persecuting days of yore, might be 'graciously vouch-
safed to those who followed in his footsteps and adhered
to his doctrines in the present day. It was most grati-
fying, to witness the large number of young persons, of
both sexes, who attended the lecture, the deliverer of
which received quite au ovation from the auditory when
he had terminated his excellent discourse.

LIVERPOOL POI,R,E

(Before Mr. RAFFLES.)
SHOP-LIFTING.

Jane Doyle was charged for having stolen a Mantle
from the door of Mr. Morgan's draper's shop, London-
roadg It appeared that on Thursday evening the
prisoner went td the shops at the door. of which there
were some Mantles hanging, are. after some time she got
an opportnnity, and ran off with one of the gatlttents,
Bbe was, followed, and the property found in her
posSesstori. `lie alleged trig sho ktind it fn the street:
She Was sent for trial at thc.sesssions: