19 OCTOBER 1878, Page 3

The Bank Rate remains at 6 per cent., the Directors

not having raised it on Thursday, as they were expected to do. The Bank Return is, however, not favourable, the Reserve having declined to £8,517,000, while the Deposits have increased to over £27,000,000. The meaning of that is that bankers all over the country are alarmed, and are strengthening themselves against some danger which they think they see. They may be in error, but their action proves the existence of " uneasiness " in the Money Market, which has this serious importance :—Any serious disaster just now, more especially the failure of any bank, would produce a panic, and consequent run for deposits.