The Sun.
London, England, 1868-12-03 00:00:00

MONEY MARTCEi'.

AND
Co .rIMERCIAL INTELLICIZICX,

CITY, Two o'CLocK.
INCREASE IN THE BANK RATE OF

DISCOUNT.

The directors of the Bank of England at their
weekly meeting to-day, have raised the rate of dis-
count from 2i per cent., at which it was fixed on
the 19th ult., to 3.

The discount establishments and joint stock banks
have also increased their terms, but the demand for
money is by no means active. The change in the
Stock Exchange for advances on English Govern-
ment securities is 2 per cent.

Consols are 921 i j for money; ditto, for Ac-
count, 921 ; Three per Cents. Reduced, 921 ;
New Three per Cents, 92i t- ; Exchequer Bills
£l,OOO, 2 per Cent., 7 prem. ; ditto £lOO and £2OO,
10 prem.
India Stock, 5 per Cent., July, 1880, 1131 13 ;
ditto, 4 per Cent., Oct., 1888, 1028 3 ; ditto, En-
faced Paper, 4 per Cent., 914 ; ditto Bond; under
£l,OOO, 7 prem.

In the foreign mullet Italians of 1861 are 1 per
cent. higher, and Spanish of 1867 1, but Brazilian
of 1865, Egyptian of 1868, and the Jaroslaw loan
have declined Ito f. Quotations are as follows :
Brazilian of 1865, 771 to 781; Chilian of 1867, 961
to 97 ; Egyptian of 1864, 834 to 4 ; ditto of 1868,
741 to n Italian of 1861, 561 to 1 ; ditto of
1868, 21 to 8 premium ; Mexican, 151 to i ;
Peruvian of 1865, 81 to ; Russian of 1866, 894
to 904 ; nitto Nicolai, 63/ to 601 ; ditto Orel, 80f-
to 811 ; ditto Mascow-Jaroslaw, 791 to 1, ex div. ;
Spanish of 1867, 33/ 34 ; Turkish of 1858, 631 to
644 ; ditto of 1862, 641 to 651; and ditto of 1865,
101 to 401.
In railway stock prices are giving way. Metro-
politan stock has declined 1 per cent. ;
Great Northern A, 1 ; and Brighton, 1. Great
Western, on the other hand, is 4 better. Sub-
joined are the quotations :—London and North-
Western, 1121 to 1 ; Great Western, 481 to ;
Midland, 1111 to ; London and South-
Western, 87/ to 881; Great Eastern, tOI to
411 ; Brighton, 461 to 471 ; South Eastern, 79 to
; Metropolitan, 1024 to 1; Great Northern,
1051 to 106 ; ditto A, 105 to 1 ; Caledonian, 744
to 1; London, Chathamand Dover, 161 to 171.
American 5-20 Bonds are steady, at 741 to 1.
In Bank Shares very little doing. London
and Westminster, 67/ to 681 ; London and
County, 514 to 4 ; London Joint-stock, 35;
Union of London, 371 to :381 ; Anglo-Austrian,
71 to 8 prem. ; and Imperial Ottoman, 14- to 1/
prem ; and Consolidated, 1 to 1 prem.
In Miscellaneous shares prices are as follows :
Hudson's Bay are decidedly flat, at 13/ to ; General
Credit, 2 to 14 dis. ; International Financial, 11
to 1/ dis. ; National Discount, 12 lo 4 ; Telegraph
Construction, 15 to 4 ; Atlantic Telegraph Eight
Per Cent. Preference, 34 to 4 ; and Ango-Ameri-
Can, 221 to 1.
According to Mr. Reuter'? telegram, this morn-
ing, the French 3 per Cent. Rentes were 71f. 80c.
The sum of £25,000 in sovereigns was withdrawn
from the Bank yesterday, making a total of
£165,000 for the week.
2he La Plata, from Brazil via Lisbon, has arrived
with £4,479.
In consequence of the higher rate obtained for
the India Government draughts bar silver has
become more firm, and the limited amount in the
Market has been sold at 6011 per ounce, an ad-
vance of 4d. The demand is probably not on a
very large scale, but, as there is now no supply
here, any further parcels required would have to be
imported from the Continent, and at a still higher
rate.