The Express.
London, England, 1855-10-19 00:00:00

THE DECIMAL SYSTEM OF COINAGE.

Tho LagoaMosel Maimladen for brining about a
gables .y et cola, wastes, sad mmmerse, assembled
w Weiseaday at the labilides Pale" Perla. Is the
stemmee et Boren la Sembeablek Mg paideat, who wee
teem attesdies, dm dab was takes by M.
liermeely Minister of Mame to Portugal, ..d by
his ids true Mr. J. Yates (Mariaod), Mr. Field Malted
States), eel M. Eames de is Saga (ipsialipai:dijr M. Pa-
checo (Mnige), Mee. presigoate ; mad M 11. • Pest
mad VIMMIMMO. asenterles. After the magas els last
sitting Wass semi and approved of, sad aborpedlaisery
balsam am tbogast, the followlas prepaid's@ prepared
by. la beiges WM Ma forward :
' 1. That IS will Ira of the highest peril& Importance to
lia tbs pabligades is Irma of a work, giving la a
ele=r again farm, Os Massy aed a gemperative table
of as opolame Maim miens sad ameares, ia
the peinapolMama asstrim at Ilse world. So be allerwards tram-
lad gad pdagil by tbe seambems baba Mosses of
all lb. gonads ongegmlai is Ito sagoisSies ;
"S. TM* ter rig sI s5l, eel to mare the perfect w-
rests= MI Sim week tbi Mama sammitloos aomposiag the
assedallos, as ressostoi llehoobsed to Welsh all the
latrine*, ha ear power relative to the OMAO. weighs,
sad memegoo etas swastry to Sash they talon, with the
almiellisa at Mem en the metrial system as a term of
sorrel ampnriess;
•h. That sash oomatlttee in the cesatry where it is
soestitesell dab employ all the masa is its power, pm-
bealarly Moos ofmoi by as legal rue, to ealiabtea palate
sad papas Ay the nestles of as (Anal later-
assstwMasaaltdarned to gala the problem which sm.
siesta ttli:l4= of Me aseselaties.
" 4. That std wadi a engross shall bs casaba, this
seeming of She ememiSbas .tall small their Mtn, la order
Oa, ha Ito ealwalmismo sal 'Misdeal abbr. Ito yoke of
Übe mak welsble. sad meows AMR to semoopenied by
mittresisiminedes hate cobs, wails, gad messues oa the
Via, la order to hubs, a plat 51 *superb=
oommos mations.'
by
Itii=ltlese. atter a oboe iloseeice, were adopted
'be
li. RAMON DI LA thorea than peopeesd
" That a permanest interaatioarg eammittee AO be im-
mediately anotitated la Paris, to be impend as mat as
possiMe of members beanies to mob of She eseatries
yeesested la the emossiatiem"
This propealtion was adopted, sad the weft Weirs up.

The Bev. Frederick Askew Bickerer% 8.A., bee
boos instituted to the United Flowtory of Croawish sad
Viearop of Didliagtos, with the Eteetory of Colowtoo ow.
semi, la Norfolk.

MONEY MARKET-THIS DAY.

Two o'CLoox.

A rally of per cent. was temporarily established
this morning in the English funds, but renewed
heaviness has linos set in, and prices are now
quoted f per cent. lower than they closed yesterday.
Consols, after recovering to 874 to 4, have fallen to
87 to for the Bth Nov., and 87 for money. The Three
per Cent. Reduesd have been dealt in at 884 to
4; the New Three per Cents. at 874 to 874; Bank
Stook at 207 to 209; the 30 years Anne. (new loan)
at 18 3.16 to 5-18; Exchequer Bonds at 984 to 4;
and India Bonds at par. Exchequer Bills have
fallen to 10s. to ss. die.

Turkish Biz per Cents. have declined to 781 to 1,
and the Four pee Cents. to 4/ to 31 dia. Other fo-
reign securities are generally eat. Dutch Four per
Cent. Certificates have been dealt in at 93t; Spanish
Old Three per Cents. at 371; ditto New Deferred
Three per Cents. at 191; Mexican at 191 ex div.;
Rquador Bonds at 41; Granada Active at 181;
Chilian Six per Cents. at 100; and Brazilian Four-
altd-a•Half per Cents. at 91.

The sale; of coffee yesterday went off heavily at
rates in f of the buyers.
The Admiralty will receive tenders on the 23rd
inst. for the hire of a ship of about 800 tons, N.M.,
for the conveyance of convicts from England to Ber-
muda, and to bring back a number of convicts. The
East India Company will also receive tenders on the
24th for the conveyance of stores from England to
Bombay.
The colonial wool sales commenced yesterday.
There was an average attendance of buyers, and the
biddioge were spirited. A very fair quantity was
taken for export, especially of greasy Adelaide wool.
The few fine wools sold realised full prices, but the
lower descriptions went is favour of the buyers.
The South Eastern Railway Company will receive
tenders until the 29th inst. for the supply of 81,000
toes of coking coals.
Canada Land and Australian Agricultural shares
were weaker yesterday. Other land and bank shares
were dull, with little change in price. Lnndou Doolt
stook was dealt in at 100; Bt. Katharine Dock at
841 ; Victoria Dock Old shares at 1 dia. to par; and
General Screw Steam at 14 to 1.
The market for American stocks is fiat: Messrs. D.
Bell, Son, and Co. report that a moderate business
has been done during the week at lower prices. This
firm give present quotations as under :
Redeemable. Dividend& Prime.
Malted Mena 5 per Data. 1557.1555 Jan. and July 103 107
Zaar•:her Cam. Oda 1566 Jan. mad July 106 106 7
per Coat. Mk 1570 Jan. sad July BO $1
5p
Maryleadipera.a ber.Bds. Jan. lad July 93 OS
Mameareents.t.atr.
sieVAI
immle .........
6 per Ct. Ptllk
1841.'1 Jan. and July 46 47
Da Ct. Vika Ilk
a
May end Noe. 20 31
temuteenle 3 per C 1... rob. and mtg. 73 17
Pens pleb. Die 1577 Feb. and Aug. U 53
Sentlta 5 p Ct. Ode
Plebra) 1638.1546 Jan. and July 97 95
Da I per Ct.(Pelnaerbi) 1a64 Jan. and July 55 90
Ingada $ per Ct. M. bk. 16$11 Jan. sad July IS 113
'VOW 5 per Cent.Boads 1166 Jan. aadJuly U $7
Montreal 6 per Osten. 1064563 lAirntattirk I u 53
ekl. Onus* 4 pet Mat
Seib
10.8...
6 per Ct. Meek 1819.1693 Wen 76 76
I 7 per Cant 1575 Moll sad Oet. 71 73
Celina 7 per Cent
Made
NalitMOM 5 Ct l9lO April end Oat. 09 90
iVrk 7 por
Ceet..aenvertibie ... ... 1164 June eadDle. 190 52
New Teek Ousted 5 per
Cent, net angertlble_ .. 1113 May and Nov. al YNew Tat Betel per Ct
Mt
New Ylieillrr:Litte 7 per Ct.
New T
Srd 15115 Mardi& Sept 63 St
e= irle 7 ere
1562 Jan. end July 7$ 73
Not4Yeet gni Me 7 per
Out. isidert tend 1573 Feb. and Aug. 79 50
Puma? prat lit amt
papa em llada.astesev. 1539 June and Dee. 94 55
e Mae 1566 Argil sad OM. IN 98
ill=iClM:Ti.e.r
al smartage. caw
vertlMe task IMO
The report of Mr E. F. Satterthwaite is as follows :
The market for Asterism seaulties in London during
the put week has been irregular. A few lots of bonds have
been pressed for sale at low prime. Ihe market closes with
store inquiry for first-elaas bonds at the reduced rates.
The following quotations are 41. 64. to the dollar.
Bid. Asked.
Belvidere Delaware 6 per ant. Ist Mort-
gage, Convertible 1877. guaranteed by
Camden and Amboy
Cincinnati, Heaths'', and Dayton, 7
per ant, tad Mortgage, 1880
Illinois Central, 7 per cent., dollar, 1876 71
Ditto, 7 per cent, dollar, 1860, with
option-70 per gent. shares
Ditto, 6 per asst., dollar, payable is Lan-
don, at 4.. 24. per dollar
Ditto, Shares 16 dollars paid
Michigen Central, 8 per Gent., 1869 9l
Ditto 8 Der mat., 1860
New York sad Erie, 7 per cent, Third
Mortgage B2
Ditto Sickle( Fund
New York Cava), 7 per cent., Conver-
tible
Ditto 6 per eent., Nos-Convertible Bl
Ohio ad Penasylveala, 7 per mat. la-
cono Sonde 76
Peausylvania, 6 per cunt, let Mortgage,
Convertible
Ditto, 2nd Mortgage, Sterling 9O

87 &W.

80 & Ist.
73

4 dis.

THURSDAY RUINING.

The directors of the Bank of England to-day
i raised their minimum rate of discount from 61 per
cent., at chick it was Axed on the 4th inst., to 6 per
cent. as regards bills having not more than 60 days
to ran, and 7 per cent. for bills not exceeding 95 days.
The Bank of France have also raised their rate of
discount from 5 to 6 per cent., and have restricted
all loans upon Renter, railway shares, and bonds to
only 30 per cent. of their actual value.
These announcements have excited considerable

sensation, lemma& as they prove beyond question
that the drain upon the resources of the two institu-
tions has proceeded so far as to demand the strictest
I measures of correction. The discount rate of the
Bank of England has not stood at 8
per cent. since December, 1847. It is stated
that to day's advance has been in great part
prompted by the feat that the efflux of gold has
not yet ceased, further withdrawals of the precious
metal from the Bank having taken place during the
last two days. The demand for aooommodation at
the Bank is also understood to continue active. To
those two circumstances we must doubtless look for
the chief explanation of to-day's movement. It is
highly gratifying to notice that, although the decided
character of the check now given to trade is fully re-
cognised, there is still in every quarter an entire
absence of tendency towards panic. The various
Stock Exchange markets have naturally suffered,
and closed this afternoon heavily, but the sto-
teal reduction in prices has in no ems as-
mimed extravagant proportions. In other com-
mercial quarters there is a similar indisposition
to encourage alarm, combined with an evident hope
that the severe restrictions now imposed will
strengthen our hold upon the precious metals. Few
pawns venture to anticipate that the export of gold
will be stopped by the present further rue in the
value of money, but it is generally considered that •
wholesome influence will be exercised in that direc-
tion, although the movement of our Bank is to a cer-
tain extent counteracted by that of the Bank of
France. Meanwhile it must be remembered that
large arrivals of Australian gold may at aoy moment
be announced, and would probably afford sensible
relief.
As regards the general discount market, the Bank
movement has been attended as yet with little effect.
In many quarters the rates hitherto charged have
been rather above than of the Bank. It is still vac-
ated that a liberal supply of money is offered at
present rates. In the Stock Exchange, espataoll.
mosey ontinuse easy at 31 per cent. on
to the extent to which stock has lately bass
aed by the dividend recipients sad by the pub-
lic at large. The Lombard-street discount houses
have not yet announced any change in the rats al-
lowed by them for mosey " at GeV
Although such sommurative analogs!' is maia-
Weed on this aide, it is tossed that the stringeat
'measures now adopted in Paris for curtailing the
current bourse speculation will lead to considerable
embaerammunt, the undue eneouragement hitherto

accorded to the Boone by the government, by the
Bank of Freston, and by the new financial societies
having given an unsafe extension to speculative ope-
rations. The suddenness with which the Bank of
France now turns round against the Bourse will, it is
apprehended, lead to great losses. At Paris to-day
the effect produced upon the Rents, was an average
fall of about 4 per oent in the Three per Cents. At
Vienna the exchange on London has advanced from
10.68 to 118., and the premium on silver has risen 1
per cent. At Frankfort Austrian stook shows an
unfavourable reaction of 4 percent.
Consols, which closed yesterday at 871 to 1 for the
Bth November, opened favourably, row from 871 to 4
to 871 on continued purchases by the public, but gave
way after the Bank measure beaus known, and
closed at 874 to 1. The reduction since yesterday is
thus only 1 per cent. For money the final quota-
tion was 874 to 1. At one period of the day, owing
to the demand for stock, the price for money was the
same as that for the Bth November. The official bui-
nem report is as follows :—Three per Cent. Console,
for mosey, 871, 1,4, 1,1, 4; ditto, for sootiest,
Bth November, 871, 4, /, 1,4, 4, 4. Three per
Cent. Reduced, 861, a.New Three per Cents., 871,
1,1, 1,1, 1. Long Annuities, expiring in January,
1860, 3 7.16, 31, 31; Thirty Years Annuities, Oct.,
1869, 31. India Stock, 228. Bank Stock, 209,
207. Threo-and.o-Half per Cent. Exchequer Bonds,
falling payable in 1868 and 1869, 981, 98$.
Exchequer Bills remain at 7s. to 3s. dis. India
Bonds declined, being dealt in at 61. dia. to ls. prem.
Exchequer Bonds were last quoted 981 to 1.
The foreign stock market was flatter, but the fall
was chiefly confined to Turkish stocks. The Six per
Cents., after touching 801, closed at 794 to 4 ex div.,
whilst the Four per Cents. were first marked 34 din,
and had fallen at the close to 34 to 34 din. As compared
with the deal quotations of yesterday, the reduction
established in the former stock is equal to 1 to 1 per
cent., and in the latter to 1 to 4 per cents
The scrip of the French loan has fallen to 4
discount to par. Mexican Bonds declined 1 per oent.