The Express.
London, England, 1855-09-06 00:00:00

MONEY MARKET-THIS DAY.

Two o'CLot,t.

The directors of the Beak of England, at their
weekly board to-day, have rallied their minimum rate
:of discount from 31 to 4 per cent. 'llls announce-
ment, however, has produced very little effect upon
prices in any department of the Stock Exchange. The
English funds, after a temporary decline of 4 per
cent., have returned to the closing range of yester-
day. Consols for money have only varied between
901 and 901, and arc now quoted 901 to ;;. For the
12th Oct. the present quotation is 901 to ~ The Three
pet Cents. Reduced have been dealt in at 911 to
911; the New Three per Cents. at 911 to 921 ;
the New 30 years Annuities at 17 ; Exchequer
Bonds, at 1001 to ; Exchequer Bills, March, at
10s. to 14s. prem. ; ditto, Juae, at 10e. to 13a. prem.;
acd Indic Bonds at 24e. prem,
The foreign stock market is dull. Turkish Six
per Cents. have declined to 921 to 911; and the
New. Four per Cent. Scrip to 1 to 11 prem. ;
Mexican is quoted 211 to 22 ; and Spanish Deferred
Three per Cents., 181 to 191. French Strip, for which
tomorrow is fixed se settling day, marks 2 prem.
Russian Five per Cents. have been dealt in at fei
ex div.; Granada Deferred, at 61 ; Eqnador, at
41; and Brazilian Old Five per Cents at 102 to 103.
There is still a good demand for gold fur exporta-
tion to the continent, and, in the absence of adequate
supplies, the stock of the precious metal in the Bank
of England continues to be drawn upon. On Tuesday
a oonsideraisle amount was withdrawn. Remittances
on account of the Turkish loan and to pay for the
large quantities of silver which continue to be drawn
from the continent for exportation to India and
China will naturally tend to prolong this drain.
The corn market yesterday was firm at Monday's
rates, and in some cases an advance of Is. per quarter
was obtained. The farmers being busy, the supply of
English grain at market is very light. The foreign
arrivals of wheat into London since last Monday are
small, comprising 5,900 quarters, but the imports of
oats have amounted to no less than 23,850 quarters.
An animated business is going forward is floating
cargoes, and importers are firm. We understand that
the late continental demand is in a great measure on
account if North German ports, a good portion of the
grain supplies of which, hitherto drawn from Russic,
have been stopped by the Baltic blockade. Only a
few floating cargoes have ed off the coast th:e
week.
At Amsterdam on Tuesday the exchange on London
was quoted at 11.75 at short; at Berliu, 1118 ; ant
at Hamburg, 13 5.
The Admiralty have engaged the ships Tanjore,
Madras, and Hastings for the conveyance of *ernes to
Malta, Sierra Leone, and Ascension; end have
ordered the Donna Anna, Prince Rupert, and Alice
to be surveyed.
An extraordinary general meeting of the Ardennes
Railway Company is called for the 17th inst., at the
offices of the Credit Mobilier Bank, in Paris, to de-
liberate upon a propos-d amalgamation."
At the twelfth half-yearly meeting of the Railway
Passengers Assurance Company, held yesterday, the
half-year's income from premiums was ate ed at 4,5701.,
against 5,0941. during the corresponding period of
last year. The amount received is 3 6801, making,
with the balance from last half-year and the inte-
rest on investments, the sum of 6,454/. to
the credit of revenue account. The disburse-
ments, including 1,3611. for compensation, amour t
to 4,5151., leaving a balance of 1,9391., which, with
the sum due from the Railway Clearinghouse and
agents, forms the amount of 2,8291. From this the
directors recommended the payment of interest on
the paid-op capital, at the rate of 4 per cent. per
annum, free of income tax. The decrees^ in the com-
pany's receipts is under the bead of periodical tickets,
[ from which the chief income is derived. With a view
to an extension of business, the directors propose
to avail themselves of the power given in the Com-
pany's last act to insure against all accidental risks, of
whatever description. It is hoped !hit this branca
of business may be commenced by the Ist Januery.
Meanwhile a call of 2s. 6d. per share has been made,
payable by the sth October.
The Canada Land Company's shares continue to
rise. Oriental Gas, Electric Telegraph, and Nether-
lands Lend shares were flatter yesterday. The new S
per cent. preference shares of this last named com-
pany are now placed on the official Fat, and aro
quoted s die. to 1 prem. Bank of Aue'ralaria. and
Union Bank of Australia shares were more offered,
and flatter. The stock of the new City Bank has
declined to 6 to 8 prem. Australian Iture I Mail
Steam shares have been dealt in at 4? ; General
Screw Steam at 151 to 16 ex div.; Peninsular and
Oriental at 70; Ohio and Pennsylvania Railroad 7
per cent. Income Bonds, Con. 1872, at 86; and
Pennsylvania Central Ist Mortgage Bonds at 911
(exch. in each case, 4s. 6d.).
Relative to the Rather market during the past
month, Messrs. T. J. and T. Powell report us under:
The leather trade hal been good during the past month.
The requirements (or warlike purposes continue. and the
tranuctit.ns have been consequently intensive. The prices
obtained have varied according to the immediate or more
remote necereity of leather for the army o Jen, but the
quotations of the previous month bays been in all cases
maintained, and en Mils aesthetic)... an advance has been
made. The value of raw hides his been generally enhanced.
At the public sales of the pat week I continental
buyers added to the previously brisk demand, gad the value
of the raw material has been not only tally kept up, but on
most articles an advance his been establish. d. Market
hides have improved in quality, and bavieg been much
wanted, have advanced fully Id. per lb. The well flayed
cows are le. each higher. Market calf rktite and market
heese hides remain at our previous quotations.

WIDNISIMAT EVININO.
The English et* market continues heavy, and a
iik further decline of i+nt. was to-day established,
sales being induced the tightness of the money
ce
market, and by the a hension that the Bank of
England will ere lon ise its rate of discount. In
the Stock Exchange to-day the more prevalent im-
pression seemed to be that such a step will not be
adopted at to-morrow's weekly board, but in many
banking circles an opposite opinion was expressed.
The pressure in the discount market incidental to the
4th of the month appears to have in some measure
subsided, but money still meets with lull employ-
ment upon good short dated paper, at 31 per cent. and
upwards, and it is believed that the Bank of Eng-
land must have obtained a considerable accession of
discount business during the last few days. An ex-
pectation prevails that the two next returns of the
Bank of England will present features the reverse of
reassuring.
At Pans today the French funds closed 1 to 1 per
cent. lower than yesterday. At Vienna a more fa-
vourable feeling in the money market is indicated by
a decline in the exchange on London from 12.12
to 12.9.
Consols were first quoted 901 to 1 for money and
to-morrow's settling, but had recovered at the close
to 901 to 901. For the new account of the 12th
October the closing quotation may be given at 904 to
1. The official business report is as follows:—
Three per Cent. Consols, for money, 901, 4,1, I, 4;
ditto, for account, 6th Sept., 901, 4, t, !,. Three per
Cent. Reduced, 911' /, k, . New Three ire Cents.,
92/, 91/. 921, 91/. Long Annuities, expiring in Jan.,
1860, 4 1-16, 4 ; ditto, 30 years, Oct., 1839, 31. Three-
and-a-Half per Cent. Exchequer Bonds, falling
payable in 1858, loot, I, t ; ditto, 1859, 1001,,, 1.
India Bonds. 265. prem.
The new Five per Cents. were also dealt in at 117,
and the new Thirty Years Annuities► expiring in
' 1885, at 17.
' Exchequer Bills were again rather flatter, and may
be quoted at 10s. to 15s. prem.
In sympathy with Console, the foreign suck market
was rather flat in character, but not much change
• took place in prices. Turkish Six per Cents. were
0 sold as low u 93, and the New Four per Cent. Scrip
at 1 prem., but the price had recovered at the close to
931 to 1 for the former, and 11 to 14 prem. for
the latter. In the scrip of the new French
Loan transactions are recorded at 21 prim. for the
Four-and a-Half per Cents., and 2 preen. for the
I ' Three per Cents. Buenos Ayres Bonds mark 57.

WRECI OF THE, SHIP MONTHOSE.—GOIHINEVHG,
13zre. 3.—The Moetreee, Abelin, Irom Lirorp. 01. bound
hither, struck on a sunken rock yesterday In coming up
the river, and filled immediately; the wool it likely to be
OWL