Further large shipments of gold to the East, coupled with
an active inquiry for accommodation, have induced the Directors of the Bank of England to make another advance in their official minimum, accordingly on Thursday last the rate was raised to 8 per cent. Neither the fact of the upward movement in the Money Market, nor the resignation of Ministers, had an adverse influence upon the value of Home Stocks, which have remained stationary throughout the week. Consols closed yesterday at 94, i ex. div. for money, and 94i for the January account. In Foreign Bonds, Italian Five per Cents. have tended upwards, but Spanish and Turkish have given way on realizations. The market for British Railway Shares has, on the whole, ruled firm. Metropolitan stock, however, has been subject to violent fluctuation, notwithstanding the announcement of the intention of the Directors to employ an accountant to examine the accounts and to publish them for the satisfaction of the shareholders. The stock of bullion in the Bank of England is now £18,087,448; in the Bank of France, £46,737,000.
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