The Sun.
London, England, 1863-12-03 00:00:00

lONEy MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.
A FURTHER ADVANCE IN THE RATE OF

DISCOUNT.
The directors of the Bank of England have this
rooming again advanced their minimum rate of
interest and discount, from 7 to 8 per cent. A
movement of 2 per cent on consecutive days is a❑
unusual event, and it has consequently created con-
siderable excitement and commotion in business
Circles. The measure is evidently directed princi
pally against the drain of coin to the East and
other pliees, which threatens a serious depletion of
the Bank's vaults, unless a restrictive policy be
adopted.

The last week's railway receipts ascertained up to
this day are in round figures as under :-
1863. 1862.
Great Weste L56,948 £52,653
western Nort- rn
95,63.5 87,055
South. e„
18,159 16,276
Brighto B'e ni
... .. . 15,462 16,227
Midland"
South_ 43,610
17,806 17,036
V'reat Northern
a4eal-iire and Yorkshire.. 35,210 31,656
North-Eastern 55,972 52,826
Bristol and Exeter
s,Manchester, Sheffield, and Lincoln 17,363 15,951
cotttsh North-Eastern
Glasgow and South-Western
These returns are in most instances of a satisfac-
tory character—on the Great 'Western there is an
increase of £4,295, on the North 'Western of
8,380, on the South 'Western of £1,783, on the
Midland of £3,576, on the South Eastern of £770,
on the Great Northern cf £2,815, on the Lan-
cashire and Yorkshire of £3,554, on the North •
Eastern of £3,146, and on the Manchester, Shef-
field, and Lincoln of £1,412; the London and
Brighton, however, shows a decline of £765.
The Ripon, which will be despatched to-morrow
to India and China, will convey £188,348, of
which £183,890 is in gold for Alexandria.
The Edinburgh from New York has brought
£lOO,OOO.

Two O'CLOCK.
No change has been made in the rates of interest
°ltdeposit accounts by the joint stock banks and
private discount houses.

Business in the general market is almost sus-
pended, and the mercantile community are gene-
rally resorting to the Bank of England for the ac-
commodation they require.
In the English Stock Market this morning some
fluctuAtion has occurred since the announcement of
the rise in the Bank rate of discount. At first the
Funds declined but when the public began to view
affairs in their right light, and to regard the action
of the Bank authorities as judicious, a better feeling
prevailed, and Consols recovered the loss they had
sustained an hour previously, and the quotations,
which are no w the same as last evening, are ex div.
901 for money, and 9041 for the January account.
The New Threes and the Reduced Annuities are
lower, at 89/ 90; the 30 Years' Annuities are 14: ;
Exchequer Bills, ss. die.; India 5 per Cents, 1061 :;
do. 4 per Cents., 1001 ; do. 5 per Cent. Enlaced,
103 104 ; and the Bonds, 5 prem.
As aoon as it became known that the rate of
discount had been advanced, considerable depression
Was ex perienced in the Stock Exchange Markets,
especially in the Foreign department. Mexican
receded 1 per cent., viz., to 33/ ; Greek were
lb lower at 248, 251; the Coupons were / worse,
being 11 12 ; Turkish Coneolides dropped 18, or to
431 441 ; Spanish Passive went down I to 331; and
the Certificates were 8 flatter at 12* 13. The
present prices are as follows :—Mexican, 331 1;
Turkish Consolides, 44 1; Greek, 258 4 ; do.
Coupons, 11 12; Spanish Passive, 321 ; do.
Certificates, 12; 13 ; and the Confederate Loan,
50 52.
Bus"liess in the Railway Share Market has been
moderately active, but prices have shown less firm-
ness, Owing to the advance in the rate of discount.
Great Northern A. Stock have declined 15s. ; and
London and Brighton, 15s. ; Lancashire and York-
shire,,, ; and North-Eastern (Berwick), Sc. ;
ureat -Western, however, have improved 55.; and
Metropolitan, los.
In the Foreign and Colonial Markets there has
b-en little change of importance.
Bank and Miscellaneous Shares in several in-
stances show rather less firmness. Imperial Otto-
11'41 have receded to 171; Oriental to 574; Union
or London to 391; Discount Corporation to 61 7;
General Credit to 61; and National Discount Com-
pany to 91

11 BRITISH FUNDS—ONE O'CLOCK.
, kik Stock —
`.; Per Cent.. Reduced Annuities
liPer Cent. Consols Annuities 9oi 1 90 ex div
New 3 per Cent. Annuities
IN--,,w,„ ‘3,i, per Cent. Annuities
6 ,": per Cent. Annuities..
..62r k;e4t. Annuities, Jan. 1873
---,unties, 30 Ts expire nth J an., 1880 —
Inzl)4iii.tat,ttttooo for
e3do yrs,-,3' expire sth April,
. ‘ Sea Telegraph), Aug. 1908.
_—
Stock, 1874
106±
pet Cent. 1870
.. 1001
,i);tl:64 per Cent. 1888 Ditto Eiafaced Paper, 4 per Cent
per Cent
-unto
51 per Cent
Ditto ditto April, 1864
..,;. Ditto
)11`) bonds £1 000 :Aug. 1864 or 66 5
pm
DittoCon.,„ll.4der 1, 000 ..
ladir sB,Lor Account Jan. 7
Exof;„-,,L°elz for Acco'unt, 5 per. Cent —
Ditieer Bills, £l,OOO, 3 per Cen t --
Ditto c £5OO -
Dank s 'tElall
mall
for Account
Atist .
FOR FUNDS—ONE O'CLOCK.
4ra:ilia:ln 135 °llds, 5 per Cent
, . Ditto 1F,59
Der Cent --
Ditto, 1839 and 16;59.....
Ditto 41 per Cen',; , 1852-58-60
, Ditto . 1863
,4,,itto Scrip, 18'33, £3O paid
!'illi 6 per Cent —
,)itto 41 per Cent,
--,'Olorabian 6 Scrip £l5 pd —
l'alaish 4 per Cent., 1863
.14eiador New Consolidated. 1 per Cent —
Ditto, Provisonal Land Warrant
EKTPtian 7 per Cent 99
Ditto, Second Issue
Greek 5 per Cent., 1824-5, ex-Coupons — _
Ditto Account 261 1 4/
Ditto Coupons —
Ditto Account .. 12 111
Guatemala 5 per Cent.
Ditto Account
• •
Italian 5 per Cent. (Maremmana Railway)
Mexican 3 per Cent
Ditto Account 34 1 31 4i
Moorish Imperial 5 per Cent
New Granada —
Ditto 2 per Cent.
Ditto Deferred —
Ditto Land Warrants (Hectares) —
reravian 3 per Cent.
bitto Account —
Ditto 41 per Cent., 1862 ..
,Ditto Account — . 4.ortuguese 3 per Cent., 1853
Ditto Account.. —
Ditto 3 per Cent., 1856, '7,'9,
I)itto Account '6o, 62..
Ditto, 1863
Ditto Scrip, £lO paid pm
44.tissian 5 per Cent., 1822, £ St _
_
Ditto 41 per Cent 1850 ..
h Ditto 1860 ..
Di
.-'itto 3 per Cent., 1859
• •
4,..t,t0 5 per Cent. 1862 B6l 53;
--tuian sper Cent
Dirt P
8,4 . 0 Account
iPBI3. 3 per Cent .................. 53
1, Ditto tt tt
°°
NewAAccountAccount
Deferred
, i t t
° Passive
......
s '4O Account ...... 32f 1 2
Panish Cert. of Coup not funded ......
Oil tcw
~0 Account l3 12
I eLgh, 4 per Cent —
14t6611 6 per Cent. 1854 -
~,,!tto A.coo,nt _
1))!tto 6 Per 'Cent. 1858
ipto Account
tte 4100 Bonds —
Ditto' 'ioo
bit, 6 Per Cent. 1862
Di Aceeunt ....
itto
ij• 6 per Cent. 1863
-,, itto r,
'ram t d 4 per Cent. —
v elleZite) a 2 'it e '
.oit, - - per Cent.
Ditto_
occount
b, 8 per Cent 1862 ..
'4O Account " .. 551 6
Aii Dividends on the above payable in Landon.
.lielZ'an, 5 Per Cent.. Ex. 10 Florins.
-r, ~.art A ,
'iut,,,,h. 2x'i per Cent., Ex. 25f.._ .. —
F
llitto,l Per Cent., E5..12 Gull —
reuch 't) Per
Cent. Certificates,
~,. _
i)it. "elites, 41 per Cent., Ex. 'lot—. ji-.. . (0 Ace()
Ltillan r. unt
) '-) per Cent., 1861, Ex. 25 francs 7o±
Co
. TWO O'CLOCK.
ti°lB, ;ti
90f i ex div.
Ditto Ace °II" ........... ,4 a •i I s at,' WI 4