5 DECEMBER 1863, Page 3
The 'drain of bullion having continued, the Directors of the
Bank of England have advanced their minimum quotation for money to S per cent., and declined making advances upon Govern- ment securities under 9. In the open market capital is moderately abundant ; but the lowest rate for the best paper in Lombard Street and at the large discount houses is 71 per cent. The Joint Stock Banks are giving 5 per cent. for money at call, and from 5 to 51 per cent. if with with seven days' notice Of withdrawal. The bullion in the Bank of England is now reduced to 13,048,4751.