The Express.
London, England, 1863-04-23 00:00:00

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DISCOUNT.

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Two o'CLoca.
The director. of the Bank of England, at their
weekly court to-day, have reduced their minimum

rate of discount from 4 to 3} per cent.
The Bank movement, having been fully antici-
pated, has exercised no stimulating influence on
the funds. On the contrary, sales have rather pre-
dominated, and Consols are now quoted about
per cent. lower than they closed yesterday. The
other markets are generally firm, though the

amount of business is very moderate.
The scrip of the Confederate Loan has declined
to Ito 1} prem. The scrip of the Turkish Loan is
quoted to 1 prem., and that of the Italian Loan,

it to It prem.
At Paris this morning, according to Mr. Renter's
telegram, the Three per Cent. Ranks were quoted

Mfr. 55c:, being sc. better than yesterday.
Consols are now quoted 924 to 93, both for
money and the account (May 7). The official
business report is as follows :-Three per Cent.
Consols, for money, 93, t, 224 ; ditto for account,
93, 1 ; Three per Cents. Reduced, 911, 1), 1 ; New
Three per Cents., 911, 4, 3 ; New Two-and-a-Half
per Cents., 783, 77 ; Bank Stock, 2344, 236 ;
India Five per Cent. Stock, 109/, 1 ; ditto, for
account, 1091 ; ditto Four per Cent. Debentures,
1884, 1001 ; ditto Bondi', 184., 215., 18.. prem. ;
Four per Cent., "enlaced" rupee paper, 98 ;
ditto Five per Cent. 1071, 108 ; ditto Five-and-a-
Half per Cent., 118, 1154, and Exchequer Bills,
itz to ss. prem.
Greek Bonds were in renewed demand this morn-
ing and advanced, but are now quoted only I per
cent better than they closed yesterday. The
Turkish Loan of 1858 has improved 1 per cent., and
the Consolithfs 4. Spanish Pensive and Serdinian
Bonds are firm. Some of the present quotations
are annexed :-Turkish 1854 Loan, 87 to 4 ; do. 1858,
68 to 3 ; ditto, 1882, 891 to 704 ; theCousolid4s, 474
to f ; Greek, 281 to 214 ; and Venezuelan Six per
Cents., 581 to 4, showing a fresh decline of per cent.
Transactions are recorded as follows :-Brazilian,
1862, 1858, 1880, 931, ; Danish Scrip, i prem. ;
1109Ptiaar 98, 1, 871 ; ditto, second issue,
971 ; Greek, for account, 29, 4, 281; ditto
Coupons, 134, 14, 131; Italian (Maremmana Rail-
way), 75 ; Mexican, for amount, 334, 4 ; New
Granada Deferred, 8 ; Peruvian, 1862, for ae-
_ . -

count. 88 ; Portuguese 1862, 471 Russian, 1822,
94 ; ditto 1862,941, 961 ; Sardinian, for account,
86 ; Spanish, for account, 54, 531 ; ditto Passive,
30, 1 ; ditto Certificates, 101 ; Turkish, 1854.,
for account, 871, ex div. ; ditto, 1858, for socount,
681 ; ditto 1001. Bonds, 71 ; ditto, 1862, for
account, 70, 1, 691 ; Venezuela, 1862, 581.
The Accrington has arrived from Melbourne with
136,0001. in gold.
An instalment of 25 per cent. falls due to-day
on the Danish Loaf.
The fall in Venezuela stock is occasioned by
an attempt which is being made to raise another
loan for Venezuela in this country. The security
said to be the export duties. The fact,
Efo°wreledr, is notorious that the Venezuelan govern-
ment themselves represented when the last loan
was raised that they required every penny of the
balance of revenue left unfettered for their cur-
rent wants, so that is evident, upon their own
showing, that compliance with their present re-
quest would leave them, as soon as the
new loan was expended, quite without funds to
meet ordinary expenses. The next step would,
doubtless, be default of some kind. Under these
circumstances, no English firm of standing is
likely to entertain for a moment the negotiation
now said to be proffered, and there can therefore be
little doubt that until such time as government
shall have gained for itself a new position, by the
strict observance of its obligations to the present
bondholders any attempt to raise a further loan
will be futile.
About 18,000/. in gold was purobseed bythe Bank
yesterday, making an aggregate of 181,0001, for the
week.
The amount of Australian gold known to be now
on the way to England is 651,5001. The Accrington,
with 136,0001., has been at sea 107 days ; the Nel-
son, with 49,5001., 107 days ; the Whence, with
72,0001., 108 days ; the Water Nymph, with
167,0001., 88 days ; the Agincourt, with 100,0001.,
77 days ; the Trebolgan, with 10,0001., 64 days ;
and the Sussex, with 117,0001., 82 days. About
424,0001, is now due.
The letters from Buenos Ayres by the French
packet delivered yesterday confirm the intelligence
published a few days ago of the termination of the
monetary crisis in that city. A beneficial effect
had accordingly been produced on the value of the
paper money. On the 13th of March the price of
doubloons 'was 418. There was nothing new in
politics. Preparations were being made for the
elections, which were expected to go off quietly.
Mr. Wheelwright was believed to have come to
satisfactory arrangements with the government
with regard to the new railway concessions.
The appointment of a settlement in the shares of
thelmperialOttoman Bank was again considered yes-
terday by the committee of the Stock Exchange, but
the matter was adjourned until Monday next. No
doubt is entertained that the committee will fix •
settling day, with the privilege of official quotation,
notwithstanding the efforts to the contrary of par-
ties interested in a defunct concession.
The London and North Western Railway traffic
return shows this week an increase of 5,8731. over
last year ; and the Great Eastern an increase of
8241.
It is notified that Mr. Robert Hesketb, late her
Britannic Majesty's consul at Rio, has joined the
board of the Commercial Navigation Company of
India. We are informed that the number of shares
on which deposits have already been paid is 3,030,
the extent of the first issue being 3,000 shares.
The Mercantile and Exchange Bank are seeking
for a manager for their London office, which is
shortly to commence business.
Subjoined are the quotations of insurance, gas,
dock, and other shares, as given in the last Stock
Exchange list :
Insurance—Albert Medical Life and Family Endow-
ment, 21; Alliance, Matins, 53 ; '
British and Foreign
Marisa (limited), 21 ; Commerciel Union bit 1, 1 ; Eagle,
61; Empire Marie' (limited), 21 ; North British mid Mar-
-161 ; Ocean Marine 141, 1.
Docks.—Eitst and. West Lode, 1401 ; London, 571 ; St.
Katharine, 57 ; Victor* 991, 99.
Gaslight sad Coke—Brighton and Rove, 29 ; European.
new, Si; Great Central., 19 ; Imperial, 87. y • ditto, De-
bentures, 207 ; Imperial Coetioesital, 721, '731, 73, 741,
731 ; Surrey Capstones, 20, 21 ; United General. 33 ;
Westminster Chartered, new, 45 ; Western, new, 9,1.
Waterworks.—Berlin. 81, f, 9, 81, 1.
With reference to the market for American secu-
rities, Mr. E. F. Satterthwaite reports as follows :
We have had tines our last • very drill market in London
for Americo securities ; parties at present appear indis-
posed to operate, sad prefer to bold aloof %widths questions
reprding the Peterhof and the fitting out in Wis country
of armed needs to destroy United Metes shipping shall re-
ceive a solution. Under them circumstances wherever stock
has been pressed for sale lower prime bane bad to be sub.
retied toand hence quotations are somewhat lower all
round. Ti.. good traffic return of the Atlantic sad Great
Western for March has not prevented the bonds of this
ocenpauy from slightly giving way is sympathy with other
things.

WIDNWIDAT EVIIITWO.

Consols, which closed yesterday at 921 to 93 for
the 7th of May, were first marked this morning 93 i
and 921, and closed at 93 to h. For money the
last price was 921 to 93f. The official business
report is as follows : Three per Cent. Consols,
for money, 93, 921, 93, 921, 931 ; ditto for account,
93, 921, 9:11 ; Three per Cents. Reduced, 911 ;
New Three per Cents., 91f, I • Bank took,
234 ; India 'live per Cent. Sto'cl, 110. 1091 ;
ditto for account, 110 ; ditto Bonds, 17s. prem. ;
Five per Cent. " enlaced" rupee paper, 1071, ;
ditto Five-and-m Half par Cents., 1151.

The India Five per Cent. stock remains at
1091 to 110. The Five per Cent. rupee paper was
slightly flatter. India Bonds wore quoted 17s. to
20s. prem. Exchequer Bills continue in demand,
and Lave again risen 2e., closing at 2s. torsi. prem.
There was considerable excitement in the soap of
the Confederate Loan, the preparations for the esa-
Gement on Friday showing a decided ecarcity of
stock. Persons who bad effected speculative oilers
and who are unable to deliver the stock, have en-
deavoured to borrow it, and the result has been
that a " beckwardation," or bonus, of 4 per (pent.
has been freely paid for the loan of the stock Until
the next settlement. The transactions to-day have
been extensive, and the price during the greater
part of the day was 1} to 2 prem. Towards lie
close, however, it relapsed to lf to 1} prem., being
higher than yesterday. Telegrams from Liver-
pool, where large operations for a fall also appear
to have been embarked in, state that the price, hes
been as high as If prem., "buyers," and that a
" backwardation " of f per cent. has been paid.
Canada, New Brunswick, and Nova Scotia Go-
vernment Bonds were more offered, and have re-
ceded.
The shares of the Imperial Ottoman Bank,
though the price comes quoted better from Paris,
have declined to 10} to 11 prem. Alliance Bank,
Oriental Bank, and one or two other descriptions,
have also receded, but Bank of Egypt, City Bank.
Chartered Mercantile Bank of India, and Bank of
New South Wake, show an improvement. East
and West India Dock, Berlin Waterworks, Geeeral
I Steam, and Rio Improvements paid up shares,
were in demand, Oriental Inland Stearn continue
to decline.
Ocean Marine shares closed to-day at 9} to
1 prem. ; Universal Marie*, 1 7-16 to 1 5-16
Thames and Mersey, 211-16 to 2 12-16 prem. ; North
British and Mercantile, 16} to 17 ; Commercial
Union, } to 1 prem. ; Loudon and Provincial
Marine, } die. to par; and Oriental and General
Marine, 1 to It prem. •
The closing quotations for shares in new =Sir-
takings to-day were as follows :—British sad
Foreign Marine, to f prem., ex the new issue ;
Petroleum Trading f to f pron. k
; o Emigre Mienn4
# to } prem. ; National of Liverpool,
to 1 prem. ; Westminster and Southwark Bank,
I:nlnrc.pinsini. ; Mercantile and Exchange Baak,
to ; Panora Leather Cloth, fto pe
• Navigation of India, le to I ;
Cannes Hotel, 2to S prem. ; and Union -
If to 11 premix