The Sun.
London, England, 1863-11-02 00:00:00

XONE Y MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.

Some surprise has been occasioned this morn-
ing in monetary and commercial circles by
the announcement of a sudden advance in
the minimum rate of interest and discount at
the Bank of England from 4 to 5 per cent.
This measure has no doubt been adopted more
from prudential motives than from any large de-
mand for money, either immediate or prospective.
The Banks of Holland and Frankfort have just en-
hanced their rates, France and Amsterdam did the
same but a short time since, and there appears to be
a very general opinion, amounting more to a cer-
tainty than a probability, that the Council of the
Bank of France must make a further rise in their
rate of discount. Paris is just now absorbing all
the supplies 3f gold she can obtain, and h 1 their own
interest the authorities have been compelled to
adopt a policy that will in some degree check the
drain that has lately set in.

The Joint Stock Banks have raised their rate of
interest on deposits to 4 per cent,

Following the same eourse the private discount
firms now offer 4 per cent, for money at call, and
41- per cent. at 7 days' notice of withdrawal.
There is an active demand for money at the ad-
vanced quotation.

The general business of the Port of London last
-week exhibited more activity. At the Custom
House 368 vessels.
The accounts from the various manufacturing
districts for the past week have generally been
satisfactory. The woollen trade of Leeds, Bradford,
and Huddersfield has been seasonably active, while
at 11Ianchester the high rates demanded by spinners
and manufacturers for both yarns and cloths has,
in some measure, checked business. In the hosiery
and lace departments of Leicester and Nottingham
there has been little variation, and in the hardware
districts of Birmingham, Sheffield, and Wolver-
hampton no material change could be reported.

BRITISH FUNDS—CLOSING PRICES.
SATURDAY.
3 per Cent. Reduced Annuities
3 93i 3
per Cent. Consols Annuities
New a per Cent. Annuities
India Stock 1874 —
Ditto 5 pei Cent. 1870
Ditto 4 per Cent. 1888 .. 1004 1
Ditto Enfaced Paper, 4 per Cent...... ~.-81 8
Ditto 5 per Cent
Ditto 5 er C
Ditto Debentures,en 4 per Ct., Oct., 1863
Ditto ditto Aug. 1864 or 66 1001 /
Consols for Account, Oct. 8..
Exchequer Bills, Ll,OOO, 4per Cent 1 dis 2 pm
Ditto £SOO
Ditto Small
FOREIGN FUNDS—CLOSING PRICES.
Brazilian 5 per Cent
GDitto Scrip, 1863, £l5 paid
gYptian 7 pet Cent lOl/
reek 5 per Cent., 1824-5, ex-Coupons
Ditto Account
Ditto Coupons —
Ditto Account l4l /
Mexican 3 per Cent
...Ditto Account
New Granada —
Peruvian 3 per Cent.
Ditto 41 per Cent., 1862
Ditto Account
Portuguese 3 per Cent., 1853
Ditto 3 per Cent., 1856, '7, '9, '6O, 62 —
Ditto Account 5O 491
Russian 5 per Cent., 1822, £ St —
Ditto 5 per Cent. 1862 93
Sardinian 5 per Cent —
Ditto Account B9/
Spanish 3 per Cent
Ditto Account 55
Ditto Passive
Ditto Account 351 i t
Spanish Cert. of Coup not funded —
Ditto Account l3l
Turkish 6 per Cent. 1854
Ditto, £lOO Bonds 73k
Ditto 6 per Cent. 1862
Ditto Account 7ld
Venezuela 3 per Cent.
Ditto Account
Ditto 6 per Cent., 1862
Ditto Account .. 61/ 2 11
Dividends on the above payable in London.
TWO O'CLOCK.
Consols Money
Ditto 'Account