17 OCTOBER 1863, Page 3

Financially, the drain of gold still causes anxiety, and the

Bank of England return again shows a further decline in the bullion of nearly a quarter of a million. The view that the money is still in this country seems contradicted by the fact that the drain of gold has gone on simultaneously both in Paris and London, and the probabilities are that it is more or less identified with our increasing importations of cotton and other produce from the East. The demand for discounts has, however, moderated during the last day or two, and the Bank Court broke up on Thursday without raising the rate of discount, RS was considered probable after the advance by the Bank of France last week. Yesterday afternoon, however, the demand for discount was rather increasing, and money tight at a minimum of 4 per cent.