The Express.
London, England, 1855-06-15 00:00:00

MONEY

TisI7IBDAY ITIIIIIIO.
The Direeton of the Bank of England, at their
weekly board to-day, after a lengthened sitting, re-
duced their minimum rate of discount from 4 per
cent., at which it has stood since the 3rd of May, to
34 per cent. The current rats of discount "out el
doors" having for some time past been as low as 3 to
Si per cent. for first-claim bills, it is obvious that the
Bank, in reducing its terms, is merely following the
strongly pronounced tendency of the money market.
Although two or three weeks ago the step now
adopted by the Bank was regarded as extremely pro-
bable, the subsequent hesitation of the directors had
led many persons to imagine that no change
would be made at present, and thus today's announce-
ment was received in many quarters with some
degree of surprise. There is at the same time every
disposition to welcome the measure as one calculated
to gm a stimulus to trade, and as indicating a con-
viction on the part of the Bank directors that, in
spite of the war and of its heavy financial require-
ments, the immediate future of the money market
points to increased ease.
Somewhat singularly, the immediate effect of the
Bank measure upon the Consol market has been a
decline of per oent., its announcement being appa-
rently regarded as presenting a favourable oppor-
tunity for effecting some considerable speculative
realisations. A further decline at Paris also assisted
in checking the market.
Consols were quoted 91i to 92 during a portion of
the morning, and were last quoted 911 to 1 ex div.
for the 10th July.
In the foreign stock market scarcely any fluctua-
tion occurred. Turkish was steady, and closed a
shade higher than yesterday, at 82 to 1. Sardi-
nian stock was quoted 1 per cent. lower.
The demand for gold for exportation was to-day
rather less active. The silver ex Tyne has not yet
been sold.
At a generel meeting of the subscribers to the
Baltic Coffee-house, held to-day, it was resolved, on
the motion of Mr. Frederick Smith, seconded by Mr.
Goodliffe, "That on and after the 23rd inst. the
Baltic Coffee-house shall be eloped at two o'clock on
every Saturday afternoon."
The East lodia Company will receive tenders on
the 20th inst. for the conveyance of stores from Eng-
land to Bombay.
Our Bankruptcy Court report contains a notice of
the case of Mr. S. M. Krohn, of Bread-street, Cheap-
side.
A call of 21. 10s. is to be paid on the shares of the
Eastern Steam Navigation Company by 10th July.
Land shares to-day were steady.
There is still a
demand for Netherlands Land shares. The shares
of the Bank of British North America were quoted
rather higher, but those of the London Chartered
Bank of Australia were again weaker. Peninsular
and Oriental Steam shares were dealt in at 64;
Oriental Gas at Ito prem. ; General Iron Screw
Collier at 41 (61. paid); and Illinois Central Railway
Seven per Cent. Bonds (Free Land), 1860, at 701
(exchange, 4s. 66.). Rome and Frascati Railway
shares were quoted Ito prem.
Subjoined are the traffic returns of the various
English lines for the last week, so far as they have
yet been published :
1855.
gasica and NorthWeetern £65,358
lelMaddre and Yorkshire 21,004
Limbs sad South Western 17,020
Loads& awl Brighton
GreatiSdalsra
North Rasters
South Eastern
Great Northern 19.137
Chester and Holyhead
Manchester, Sheffield, and
Lincolnshire
Bast Anglian B5B
Eastern Counties, Norfolk, 0
Easters Union
Bristol and Exeter
Exeter and Crediton lB6
Shropshire Union B7B
Birkenhead, Lancambire, and
Cheshire Junction
Manchester & South Junction 789
But Lancashire 6.905
Oxford and Worcester 3,434
Kendal and Windermere 230
Newcastle and Carlisle
London, Tilbury, and South-
—
end
These figures show the following aggregate results:
Total No. of miles Average receipt
receipts. oven. r mile.
1856.... £269,041
1854.... 273,861
This comparison shows a considerable decrease,
which, however, is fully accounted for by the fact
that the corresponding week of last year was NV hit
sun week, and also witnessed the opening of the
Crystal Palace. On the other hand, the Great
Western Company's receipts this week are increased
by Ascot Races.
The returns on Scotch lines are as under:
1866.
Aberdeen
Caledonian
North British
Edinburgh and Glasgow
Glasgow and South Western 6,998 .... 6,662
Scottish Central
Great North of Scotland
Dundee and Perth 9Ol .... 796

1854.
.... £68,017
.... 24,620
.... 15,054
~.. 17.498
.... 26,967
.... 31,854
.... 19,182
.... 17,770
6,382
.... 10,060
~,. 827

23,174
6,129
126
834

••••

Total

The Irish returns are:

Belfast and Ballymena
Belfast and County Down
Cork and Bandon
Dublin and Wicklow
Londonderry and Enniskillen
Londonderry and Coleraine
Dublin and Belfast Junction
Great Southern and Western
Waterford and Limerick

£Bl3 ....
278 ....
217 ....
303 ....
610 ....

266 ;;;;
1,011 ....
6,961 ....

607
273
1,108
5,652
637
£9,396

Total

THIS DAY.—Two o'CLoox.
The English stook market remains dull, and little
Maine« is going forward. Prices are now quoted
the same es they closed yesterday. Consols have
ranged between 911 and 911, and are now quoted
914 to lex div. for the 10th July. The Three per
Cents, Reduced have been dealt in at 92/ to 1; the
New Una per Cents. at 921 to 1; the new SO
TgerimAnnuities at 16 16-16 ; Bank Stock at 211;
h nor Bill., March, at 16e. to 19e. prem.; ditto
June, at 14s. to 161. prem.; and India Bonds at
245. prem.
Fmn stocks are steady, except Turkish, which
has declined to 811 to /. hlexican is quoted 211 to
22; Spanish Deferred Three per Cents., 181 to 1;
and Russian Five per Cents., 99 to 101. Dutch Two-
and-a-Half per Cents. have been dealt in at 641 to
641; Spanish Old Three per Cents., at 39 ; Sardi-
nian, at 861 ex div.; Peruvian Three per Cents, at
49; and Equador Bonds, at 31.

Tutrainua EYZNI3IO.
The market for British mining stocks to-day con-
tinued firm, with no material change in prices.
The gold mining shares remain quiet.
St. John del Rey shares were quoted lower, but
Santiago allowed more firmness.

THIS DAY.—Two o'CLoci.
The gold mining shares remain without move-
ment of importance. Nouveau Monde and Waller
shares are inquired for.
Australian Agricultural shares are quoted lower,
at 321 to 33j; Peel River, 21 to 3; and North
British Australasian, I dis. to par.
St. John Del Rey shares have been dealt in at 291
ex div.; Pontgiband at 16j; and Santiago at 6.

The Baron de Bode, whose cote has butt: to
bequeath Were peelieseat aai She palate, died
On B et hie
to.QateolaAlberWlaust, Morablissinsisst, etelda/
I.'