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

ONE 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 jast now absorbing all
the supplies of gold she can obtain, and iu their owe
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 course the private discount
firms now offer 4 per cent, for money at call, and
44 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 Manchester the high rates demanded by spinners
and manufacturers for both yarns and cloths has,
in some measure, checked business. I❑ 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 per Cent. Consols Annuities
New 2 per Cent. Annuities
India Stock, 1874
4-
Ditto 5 pet Cent. 1870
Ditto 4 per Cent. 1888 lOOl i
Ditto Enfaced Paper, 4 per Cent .. 81 8
Ditto 5 per Cent
Ditto 51 Cent
Ditto Debper entures, 4 per Ct., Oct„ 1863 115/
Ditto ditto Aug. 1864 or 66 1003 2
Consols for Account, Oct. 8..
Exchequer Bills, £l,OOO, 21 per Cent 1 dis 2 pm
Ditto £SOO
Ditto Small
FOREIGN FUNDS—CLOSING PRICES.
Brazilian 5 per Cent
Ditto Scrip, 1863, £l5 paid
Pl'YPtian. 7 pet. Cent.. lOl5
Greek 5 per Cent., 1824-5, ex-Coupons
Ditto Account . f
Ditto Coupons .. 3Ol 30
Ditto Account
Mexican 3 per Cent ....
...
415 40/ IDitto Account
New Granada .. —
Peruvian 3 per Cent. Ditto Ditto Ac 41 per Cent., 1862 ..
count Portuguese 3 per Cent., 1853 875 —
Ditto 3 per Cent., 1856, '7, '9, 'GO, 62
Ditto Account
Russian 5 per Cent., 1822 50 49/
, L St
Ditto 5 per Cent. 1862 93
!Sardinian 5 per Cent
Ditto Account
Spanish 3 p
Ditto Account 55
Ditto Passive
a
Ditto Account
351 ii i
Spanish Cert. of Coup not funded
..... . '
Ditto Account e
13}
q
Turkish 6 per Cent. 1854
Ditto, £lOO Bonds 731
Ditto 6 per Cent. 1862
VDitto Account .
enezuela 3 per Cent.
Ditto Account
Ditto 6 per Cent., 1862
Dividends
on the above payable in London.
Consols, l‘loney
TWO O'CLOCK. s
Ditto ACcOUD.t .. ......... , ......