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

MONEY ItIAREET AND CITY IV E

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 difficulties 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 fur an altcratioP
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. . I_ _

The interest hasbeen advertised for payment on
the Chin an 4t- 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 Lombardo-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 interest of the Geelong and Melbourne
Railway will be paid to the shareholders at the
London and Westminster Bank on and after the
1 st proximo.

Increased dullness prevailed in the Liverpool
Cotton Market, yesterday, and prices of all de-
scriptions were id. 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 92Z 93 for money, and 93
to 931 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 91Z ;
the Reduced remain at 911 Z. 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 711 ;
ditto New, 561 to 57k; Mexican are firmer at
21i ; Spanish at 491 ; ditto Deferred at 401 1 ;
and Russian 41 per Cents. to 941 ; Sardinian remain
at 87 ; but Buenos Ayres Defered are fiat at 291 30;
Dutch 4 per Cents. are 99, being flat.
Ocean Marine Insurance shares are 15 2 prem.;
Thames and Mersey, I prem.; and the Universal,
prem.

The last week's railway receipts, ascertained up
to this day, are in round figures as under

1860. 1859.
Great Western
Nerrh-Western 77,621 75,036
South-Western
Brighton
sdland ****
40,221 36,219
South. Eastern ** 20,099 19,453
Great Northern
Lancashire and Yorkshire
Bristol and Exeter 6,179 6,342
North-Eastern .
Manchester, Sheffield, and Lincoln
West Midland
-Went Hartlepool
Great Southern and Western of Ireland 8,368 6,908
Edinburgh and Glasgow
Grand Trunk of Canada
firma 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,
£39449 ; 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
11,41112 a downward movement, notwithstanding
" favourable character of the traffic returns.
reat Northern have been particularly flat, having
declined fully £2. Caledonian, Eastern Counties,
South Western, and Scottish Central, have re-
...eeded 108., and Great Western, Lancashire and
North Eastern (Berwick), and South
Eastern ss. North Western advanced 55., and
Midlands 6s.
Business in the Foreign Market continued
a all- South Austrian and Lombardo-Venetian
artve declined about 1, but they are now quoted
With the late additional call, viz., 13i 13.
The Colonial undertakings have shown no mate-
tall variation. Grand Trunk of Canada and Great
Indian Western of Canada are a shade firmer, and East
Indian and Great Indian Peninsula realise former
prices.

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

BRITISH FUNDS—CLOSING PRICES.
Bank Stock ...
3 per Cent. Reduced Annuities. ......... ,23,3,
3 per Cent. Consols Annuities ............ 11:1-z, 31 „z
New 3 per Cent. Annuities ........... -oil" "l'
New 2i per Cent. Annuities ............ 74 I
-India Stock •111. .......... ...... 224 2
Ditto 6 per Cent
Ditto Debentures, 1858
Ditto, 1859
Ditto Bonds £l,OOO lO dis
Consols for Account, Dec. 6 93 i.
India Stock for Account ....
Ditto 5 per Cent lO3l
Exchequer Bills, £l,OOO, lid
Ditto Small
FOREIGN FUNDS—CLOSING PRICES.
Brazilian 5 per Cent
Ditto 41 per Cent. 1852
Ditto 1860 . . 881
Buenos Ayres, 6 per Cent. ......... .....
Ditto Deferred
Mexican per Cent
Ditto Account 2l/
Peruvian 41 per Cent
Ditto (Uribarren), 4i per Cent.
Portuguese 3 per Cent., 1853. •
Russian 5 per Cent. 1822, £ St --i
Ditto 41 per Cent ....
Sardinian 5 per Cent. . B7
n'Panish 3 per Cent
Tomah New Deferred 491
401 1
---.llh 6 per Cent 7l'.
Ditto New Loan
Dividends on the above payable in London.
Bel •
3-.)„,,,gTn? 21 per Cent., Ex. 25f 551
141 Exchange, 12 Gull. 21 per Cent —
'Ditto Certiftcatza, 4 per Cent.
THREE O'CLOCK.
C°lls6lB9 Money .................. 93
DittoA.c.cotmt .................. 93/ i