The Sun.
London, England, 1862-10-30 00:00:00

'The recent tendency of monetary affairs prepared
the public fur an early change in the condition of
the money market, and the weekly Court of the
Bank Directors, today, was awaited with more
anxiety than on similar occasions for a long time
past. After a brief deliberation the executive have
just announced an pdvance in the quotation from 2
to 3 par cent., and some commotion has been pro-
duced in monetary circles because it was generally
presumed that the alteration would only amount to
per cent. The pressure for accommodation
yesterday, however, was exceedingly heavy,
resulting, of course, from a natural desire
on the part of trades to obtain all the accom-
modation they could before the alteration occurred,
and an important augmentation in the other secu-
rities, together with a continuous reduction in the
metallic reserve through withdrawals for exporta-
tion, will no doubt be exhibited in the balance-
sheet to appear this afternoon, fully justifying the
directors in the course they have pursued. The
movement may be expected to exercise a beneficial
rather than an adverse influence, for while it can-
not lead to a restriction of commercial enterprise—
the value of money being still exceedingly mode-
rate— will probably check the speculative tendency
recently manifested in the promotion of new joint-
stock schemes, and the extraordinary demand,
coupled with inflAtior, which ham latterly ariaen
for certain securities dealt in at the Stock Ex-
change.

Until the decision of the Bank Court became
known, business in the Discount Market was en-
tirely suspended, and in the interval which has
since elapsed very few transactions have taken
place, nor is it likely that the demand will revive
during the next few days, owing to the extent to
which the mercantile classes have supplied their
immediate requirements. _

The joist-stock banks have put up their rate of
interest on deposits to 2 per cent., and the private
discount firms will now allow 2 per cent. for
money at call, and 21 per cent. on seven days'
notice of withdrawal.

Very little business took place in the English
Funds this morning, the decision of the Bank Court
being awaited by the speculators who, however, as
soon as it transpired that the minimum had been
advanced to 3 per cent. became purchasers to a small
extent. Their transactions occasioned a little more
firmness in Consols, which improved to 398 I both
for money and the 6tb prox., at which prices they
still continue firm. The December quotation is 931
The New Three per Cents. and the Reduced are
are 911 8 ; Exchequer Bills, June, are firmer at
21s. prem. ; ditto March, 16s. to 19s. prem. ; India
.5 per Cent. Loan is 1094 1, being steady.
The dealings in the Foreign Market have been
limited, but prices are firm. Greek Bonds con-
tinued in favour, and have risen to 131. Turkish 6
per Cents., 1854, are firm at 83 ; ditto, 1858, 692 ;
the37l New Scrip, ‘7,- -} prem. ; and the Consolides are
g. Mexican Stock is 32i 338 ; Spanish Passive,
221 ; and Peruvian Scrip, 11 1 dis.
Business in the Railway Share Market has been
inactive, but prices, in some iindsltaandces, are a shade
firmer. Great Westerns, m
Easterns have improved 58.,and Grneast and
Northernin have
values.
re-
mained oultohB-.
Tire Foreign and Colonial undertakings
dull,without any material change ;
Dutch Rhenish,n.
Great Luxemburg realise 14s h
171 ; East Indian, 1061 d ; Groat India Penin-
sula, 1041 1051.
Joint-Stock Bank Shares were a shade firmer.
Alliance of London and Liverpool realise 198 20i;
Bank of Alexaniria, 70 to 701 ; Colonial Bank are
quoted 11 prem. ; Bank of Canada, g dis. to par ;
Union of England and France, d 11 prem.
In the Miscellaneous Market there is no change
of importance to record.

BRITISH FUNDS—ONE O'CLOCK,
Bank Stock
,3
per Cent. Reduced Annuities
3 Per Cent. Consols Annuities
New 3 per Cent. Annuities 914
Itinuities, 30 yrs, expire sth Jan., 1880
Ditto for 30 yrs, expire sth April, 1885 loh 15
Ditto (Red Sea Telegraph), Aug. 1908 2li
India Stock
Ditto 4 per Cent. ... 4
1092
!m Et. nlaced Paper, .C nt
Ditto 5 pel Cent. P c lO4l 5i
Ditto Bonds 41,000
'onsols for Account, Nov.
i
93i
Jun March
21 16 19
21 16 19
21 16 19

Excheiner Bills L1,L005000, 3 per Ct. .
Ditto 7
Ditto Small -. ...................
FOREIGN FUNDS—ONE O'CLOCK.
Evader New Consolidated ..........
Greek .................. .. 18 171
.......
M. xieflTl, 3 per Cent.......,........ :13P i 13
i
Di:-to Account ................. 3
New Grenada, 2 per Cent ......... . ....
la 2i
Ditto ex over-due Coups. and Hectares ioi 10
Ditto Deferred
Ditto Deferred, Ex Hectare 5.......... 11
l'ernvion 41 per Cent ..
Ditto 41 New, 1862, A Scrip, £53 paid.. 11 a
Portuguese 3 per Cent.. 1853.. —
Ditto 3 pet Cent., 1862
Ditto Scrip, £l5 pd .... 2a
t,issiar, 5 per Cent 1822 £ St O3
Ditto 41 per Cent
Spanish 3 Der Cent —
Ditto Passive.,
Turkish 6 per Cent. 1854
Ditto Account
Ditto 6 per Cent. 1858 ..
I)itto Account
Ditto 6 per Cent 1862 (Scrip), L5O paid R 1
,
Ditto Paid-up Scrip
TWO O'CLOOF
Consols, Money
Dito Account
Ditto December