7 OCTOBER 1865, Page 3
The Directors of the Bank of England have raised their
rates of discount 1 per cent. this week, and the minimum quotation now stands at 6 per cent. The Bank return is very unfavourable, the stock of bullion being only 13,183,8371., or a decrease of 776,982/., and the reserve of notes and coin 5,105,6771., or a diminution of 2,002,4971. from last week. The note circulation has increased to the extent of 1,288,2581. In consequence of these changes, the Consol market has ruled heavy, and prices have fluctuated considerably. Yesterday the closing rates were as follows :—For money, 881 ; for the November account, 89 to 891. The stock of bullion in the Bank of France is 18,836,7001.