7 NOVEMBER 1863, Page 3
The export demand for bullion having been very active—over one
million sterling having been shipped, chiefly to France—the Directors of the Bank of England have been compelled to advance their minimum quotation for money to 6 per cent. A rise of 1 per cent. took place on Monday, and of the same amount on Thursday. The present week's return of the Bank of England shows a further decrease in the stock of gold of 638,1461., and we understand that the supply in the Bank of France still continues to diminish. The demand for money for commercial purposes has not been very active ; nevertheless, very little accommodation can be had in Lombard Street under the Bank rate.