The Sun.
London, England, 1860-11-15 00:00:00

4IONEY AIARKE.T AND CITY 117L'In5.

CITY, Two o'CLocK.
ANOTHER RISE IN THE RATE OF DIS-

COUNT.

It was announced shortly after 12 o'clock that
the Bank directors had raised the rate from 5 to 6
per cent., but the measure created little surprise,
because the public were fully aware that the pres-
sure upon the resources of the establishment had
increased rather than diminished. The return,
which will appear in the Gazette to-morrow even-
ing, is expected to show a considerable augmenta-
tion in the Other Securities, as well as an exten-
sive decline in the bullion.

The withdrawals effected since the date of the
last balance-sheet, exclusive of the amount that
may be taken to-day, the particulars of which have
not yet transpired, have exceeded three-quarters
of a million sterling. This anomalous state of
affairs will, it is feared, create great distress in
commercial circles, owing to the eiffieulties it will
place in the way of small, but respectable firms,
who will have to pay the most onerous terms for
accommodation.
The further withdrawal of £335,000 in gold from
the Bank of England, and the intimation that con-
tracts have been made for additional supplies, have
naturally induced an expectation that the rate of
discount would be carried to a higher point, and
many parties were fully prepared for an alteration
yesterday afternoon. It is scarcely necessary to
state that the impression that fresh restrictions
might be immediately adopted led to considerable
pressure, the mercantile community deeming it
prudent to obtain accommodation while the terms
remained unchanged. Capitalists, for some reason,
however, were by no means eager to employ their
resources at the current rates, and in many cases
business, even in first-class bills, is stated to have
been refused at 5 per cent,
The interest has been advertised for payment on
the Chitin 41 per Cent. Bonds, and Brazilian 5
per Cents.

An instalment of 10 per cent. became due to-day
on the Russian 41 per cent. loan of £5,000,000.
To day a call of £2 per share, amounting to
£1,500,000 is due on the Lombard)-Venetian and
South Austrian Railway shares, and of £2 per
share, or £200,000 on the San Paulo Railway.
Official notice has been given that the capital
and arrears of inteYest of the Geelong and Melbourne
Railway will be paid to the shareholders at the
London and Westminster Bank on and after the
Ist proximo.
Increased dullness prevailed in the Liverpool
Cotton Market, yesterday, and prices of all de-
scriptions were 1-d. per lb. lower. The sales did
not exceed 3,000 bales.

The effect of the advance in the rate upon the
Stock Exchange Markets has been comparatively
limited, Consols being 921 93 for money, and 93
to 934- for account, or the same as they were at
the close of business on the previous afternoon.
Some purchases for transfer have tended to prevent
depression. The increase in the value of money
seems to have been anticipated, and speculators
have not felt disposed to operate extensively for
the fall. The New Threes are firmer at 9174 1 ;
the Reduced remain at 911 Bank Stock is
fiat at 233 ; India ditto has improved to 222 and
and 224; ditto New Loan to 1031 1; but Exche-
quer Bills are heavy at ss. and 3s. dis.
_ _

A fair amount of business has been transacted in
the Foreign Stock Market, and prices are well
'maintained. Turkish 6 per Cents. are 71 to 74;
ditto New, 561 to 57*; Mexican are firmer at
211 ; Spanish at 491 ; ditto Deferred at 401 1 ;
and Russian 42 per Cents. to 94 t ; Sardinian remain
at 87 ; but Buenos Ayres Defered are flat at 294 30;
Dutch 4 per Cents. are 99a, being flat.

Ocean Marine Insurance shares are li 2 prem. ;
Thames and Mersey, I -',Ti prem.; and the Universal,
I f prem.
The last week's railway receipts, ascertained up
to this day, are in round figures as under :
____

-
1860. 1859.
Groat Western £30,890 £29,689
North-Western

South-Western
trighton.. ..
Midland
South. Eastern
Great Northern 26,795 27.320
Lancashire and Yorkshire
larietoi anJ Exeter 6,179 6,342
North-Eastern
Manchester, Sheffield, and Lincoln
West Midland
West Hartlepool
Great Southern and Western of Ireland 8,368 6,908
Edinburgh and Glasgow 6,602 6,064
Grand Trunk of Canada 16,459 12,428
Great Western of Canada
These returns show a continued improvement in
the reeeipts of most of the principal undertakings.
On the Great Western there is an increase of
£1,201; the North Western, £2,585 ; the South
Western, £535; the Brighton, £1,781 ; the Mid-
land, £4,002 ; the South Eastern, £646 ; the Lan-
cashire and Yorkshire, £3,034 ; the North Eastern,
£3,449 ; the Manchester, Sheffield, and Lincoln,
£1,751; the Edinburgh and Glasgow, £538 ; the
Grand Trunk of Canada, £4,031, and the Great
Western of Canada, £2,517 ; on the Great Northern
there is a decrease of £525.

The dealings in the Railway Share Market have
been limited, and prices have in most instances
shown a downward movement, notwithstanding
the favourable character of the traffic returns.
Great Northern have been particularly flat, having
declined fully 12. Caledonian, Eastern Counties,
South Western, and Scottish Central, have re-
ceded 10s., and Great Western, Lancashire and
Torkshire, North Eastern (Berwick), and South
Eastern 58. North Western advanced 55., and
Midlands ss.

Business in the Foreign Market continued
dull. South Austrian and Lombardo-Venetian
have declined about 1, but they are now quoted
With the late additional call, viz., 13,+ 13k.
The Colonial undertakings have shown no mate-
-11111 variation. Grand Trunk of Canada and Great
Western of Canada are a shade firmer, and East
Indian and Great Indian Peninsula realisp former
prices.

Joint Stock Bank and Miscellaneous Shares
have shown very little variation. Oriental Bank
realised 45 ; Union of Australia, 411 ; South Aus-
tralian Land, 34 to 341 ; and Great Ship Company's
shares have declined to 1.

BRITISH FUNDS—ONE O'CLOCK.Bank Stock
233
3 per Cont. Reduced Annuities
3 per Cent. Consols Annuitiess
91/
New 3 per Cent. Annuities 93 21 al
224 2
New 21 per Cent. Annuities
India Stock ........... 771
Ditto 5 per Cent .......
Ditto Debentures, 1858............ 103 a i
. Ditto, 1859 .... . ..
..........
Coßsols for Account, Dec. 6. ............. 96i
India Stock for Account ..................... 93
I
Ditto 5 per Cent .....................
4033-31
CLOCK.
Exchequer Bills, £l,OOO, 11d .......... fs 3 5
Ditto Small • .... 4 dis
FOREIGN FUNDS—ONE 0'
Brazilian 5 per Cent ....
Ditto 41 per Cent. 1852 ...... 881
Buenos Ayres, 6 per Cent.
Ditto Deferred
Mexican per Cent
Ditto Account
Peruvian 41 per Cent
Ditto (Uribarren), 41 per Cent. .. 831
Russian 5 per Cent. 1822, £ St
Ditto 41 per Cent 9ll
Sardinian 5 per Cent. ..
Spanish 3 per Cent...
Ditto New Deferred
Turkish 6 per Cent 7ll
Ditto New Loan
Dividends on the above payable in London.
Belgian, 21 per Cent., Ex. 25f .. 551
Dutch Exchange, 12 Guil. 21 per Cent...
Ditto Certiticatc,s, 4 per Cent.
TWO O'CLOCK.
1
Consols, Money 92 93
93 931
Ditto Account