The Express.
London, England, 1863-01-15 00:00:00

RISE IN THE BANK RATE OF DISCOUNT..

Two o'CLocw.

The Directors of the Bank of England, at their
weekly meeting to-day, have raised the minimum
rate of discount from 3 to 4 per cent.
This movement has tended to confirm the check
to the stock markets, but has not produced as,
bad effect The funds remain at the
reduced quotations established yesterday. English
railway stocks, in which this is settling day, have
varied to only a trifling extent _ . .

At Paris, this morning (according to Mr. Reuter's
telegram), the Three per Cent. Routes opened at
69fr. 900., showing a further fall of i per cent.
Consols are now quoted 92i to f, for money,
and 921 to for the account. The official
business report is as follows : Three per
Cent. Consols, for money, 92d, 3 ; ditto,
for account, 921 ; Three per Cents. Reduced.
921, f ; New Tbree per Cents., 92. I ; Thirty
Years Annuities, 1880, 12 ; Red Sea Telegraph,
22 ; Bank Stock, 237, 235 ; India Five
per Cent. Stock, 108 i, ; ditto for account, 1081;
Four per Cent. " eufaced " rupee paper, 96 ; ditto
Five per Cent, 1061, 106 ; ditto Five-and-a-11ar
per Cent, 1121 ; and Exchequer Bills, 155., 100.

In foreign stocks, Mexican and Spanish Passive ars
firm, while Greek and Italian are dull, the Peruvian
Loan fiat, and Egyptian stocks rather lower. Vene-
zuelan scrip is rather better, at 14 to 1 dis.
Turkish stocks are weaker, except the Loan
of 1858. The Turkish Loan of 18641
now quoted 841 to 854 ; that of 1858, 71 toot
that of 1862, 67 to 4, ex div. ; the Consolid4s, 401
to l ; and the Peruvian Loan, 881 to 89, ex div.,
Transactions are recorded as follows :-Brazilian,
1852, 1858, 1860, 934 ; Egyptian, 95 ; ditto second
issue, 95, 94 ; Greek, 164 ; Italian, 69, ex div. ; ditto
Maremmana Railway, 73, ex div. ; Mexican,
for account, 32, 1 ; Peruvian, 1862, 89, ex div. ;
ditto for account, 881, C ex div. ; Portuguese,
1853, 474, ex div. ; ditto, 1862, 47,
ex div. ; Russian, 1850, 944, ex div. ; ditto,
1862, 961, 96 ; Spanish Passive, 241, g ; ditto
Certificates, of ; Turkish, 1864, 851 ; ditto
1858, 71, 1 ; ditto for account, 71 ; ditto, 1862, 674,
661, ex div. ; ditto for account, 67C 4, ex div. ;
Venezuela, for account, 241, ex div.; ditto scrip,
dis.

The shams of the British and American Exchange
Banking Corporation have risen to 4 to be prem.
Form o'CLot.s.
Consols are still quoted 922 to I for money, amid
921 to e for the account.

The sum of 170,0001. in gold was taken from the
Bank yesterday for transmission to Paris, making a
total withdrawal of 450,0001. since the date of the
last return. There is a rumour that a portion of
yesterday's withdrawal goes to the Bank of Frames,
and that a total of 500,0001., probably supplied in
part from private reserves, is in course of trans-
mission thither. This is a favourite device on the
part of the French financiers when the public min&
becomes sensitive to a draught upon the bullion is
the Bank of France. It affords one means, per-
haps, of deferring a rise in the rate of discount at
that establishment--a movement which some of the
latest private letters represent as imminent.
The final instalment of 10 per cent. falls due to-
day on the Venezuela Loan for 1,000,0001. stock.
The mail from Guayaquil has brought a remit-
tance of 2,602/. ss. 6d. on account of the dividends
on the debt of Ecuador.