Show DISCOUNT J RATE R TE RAISED Stringency in the British Money Market arket and nd a Depletion of S the thu Yellow Metal l London Oct 2 iThe The Bank of Eng lands rate of ot discount was increased ased from 3 to 4 per cent today The advance ad advance advance vance had In a great measure been an anticipated anticIpated anticipated In consequence cons of the alvin stringency stringency gency of ot the money market and the de depletion depletion of gold as shown by the report of or the Bank of ot England Consequently its effect on the tl stock exchange was 35 moderate Prices declined fractionally in all aU the leading departments Opinion in Lombard street favored an advance of ot a full run point as it was claimed that the time for tor precaution precautionary ary measures had arrived Notwithstanding Notwithstanding standing Secretary Shaws measures a strong demand for tor bar gold sold for the United States continues and arid Egypt and South America are also customers The forthcoming Japanese loan is 15 not Ukel to seriously affect the gold situ situation situation atlon In the United States The TM pay payments payments ments meats are ex expected to be extended over ove over a considerable period though tho gh as one banker said It will wUI not make money any cheaper Berlin Oct 2 Some of ot the financial lal papers think the will lot fol follow tallow low the Bank of ot En course and raise Its Jt rate of discount In a few days or Ot 1 per cent It is pointed out that the demands on the bank are very ver heavy heaY for quarterly settlements but the situation atlon Is already Improving In Inthe Inthe Inthe the open open market the rate having fallen fall n nto ft to 2 The London ri rl rise e did tUfi Id not ant af affect a feet r t th the situation here beyond advancing advancIng ing In London exchange of or a cent |