The Express.
London, England, 1862-05-23 00:00:00

MONEY AtAitILET.-(THIS DAL)

Two o'CLoow.

The funds to-day have not varied from yester-
day's prices. The tone is steady, but hardly any
business is going forward in this or any other de-
partment of the Stock Exchange. The market for
English railways is rather flat. There is a re-
markable absence of interesting features in the
day's transactions.

At Paris this morning, aooording to Mr. Reuter's

telegram, the Three per Cent. Rentee were quoted
70fr. 36e., being rather more than per oent,
better than yesterday. _ _ .

Turkish Loan Scrip is quoted 4 to 24 Prem. ;
Egyptian, q to ii prem. ; and Russian, 91 to I
prem.

Consols are officially marked 931 and cum
div., for money, and 12, ex div., for the
account. The present quotations are 931 to
1, cum div., for cash, and 92 to ex div.,
for the 10th of June. Transactions are re-
corded as follows:—Bank Stock, 238; Three per
Cents. Rednoed, 911, ; New Three per Centa.,
91*, I ; New Two-and-a-Half per Cents, 771, 761;
India Five pet Cent. Stock, 1091, 1 ; ditto Four
per Cent. Debentures, 1864, 1001, 991 ; ditto
Bonds, 255., 28e. prem. ; Five-and-a-Half per
Cent. " enfaced" rupee paper, 1091; exchequer
Bills, 125., 15e., lls, prem.

There are 0211 ingairiee forlSpanish Certificates,
which have been dealt infatru tol9. Italian
Five per Cents. are better, and Mexican Bonds
steady. The Turkish Loan of 11854 isZquoted
801 to 1, and that of 1858 1;701 •to
Transactions are recorded as follows :—Bresilian
Old Five per Pmts., 1001 ; ditto • Five
per Cents., 1843, 102 ; French iThreellper
• Oeat. Raines, 4391, 1, (exchanges 261 r.) ;
Mexican Three per Cents., for account, 311, 1 ;
New Granada Two per Cents., 253 ; Russian Five
per Cents., 971 ; ditto Five per Cents., 1882 (scrip),
1 prem. ; Spanish Three per Cents., for account,
; ditto Passive, 191, ; the Committee's Cer-
tificates, Sj, 9, 81 ; Turkish 1001. Bonds, 711 ;
ditto Six per Cents., 1862 (scrip), 21, prem. ;
ditto paid-up Scrip, 701, ft.
The rise in the Bank rate of discount is regarded
as a proper measure under the circumstances,
and, having been generally anticipated, produced
little effect. It has been attended with a decided
subsidence of the demand at the discount-office at
the Bank, where the mercantile public appear to have
over-supplied themselves for the moment, at 2} per
cent., in preparation for the step now taken. In
the general market there was a good supply
of money, but not much disposition to do
business below the enhanced rate of the Bank of
Bagland. Whether a fresh rise will occur in the
value of money depends entirely on the extent of
the future withdrawals of gold on account of foreign
loans, but in no queue is the slightest anxiety ob-
servable.

In conaecineeoe of the alteration at the Bank,
the joint-stock banks have raised the rate allowed
for deposits from 1 to 2 per cent. The London
and Westminster have intimated, however, that
their rate for sums below 5001. will remain at 1 per
cent. The discount establishments will henoef or-

ward give 2 per cent. (instead of 11) "at call," and
(instead of 11) "at notice."
The demand from the public for the paid-up scrip
of the New Turkish Loan is still considerable, and
inconvenience might be occasioned by a strict ad-
herence to the existing regulation respecting pay-
ments in full, insomuch as the dealers in the Stock
Exchange would be precluded in the intervals be-
tween the instalments from obtaining a fresh
supply, tauraq in full upon the scrip they_ hold.
It has • y been arranged that Messrs.
Glyn and Co. will!' receive payments in full on the
loan on the 28th and 29th instant, allowing dis-
count, however, only from the Lt of July.
About 6,0001. in gold was sent into the Bank
yesterday . There is still a large amount of bar
gold in the market awaiting dispose/
Telegrams from St. Petersburg, dated Wednesday,
quote the exchange 34 9-16 d.
Advice* from St. Petersburg mention the failure
of Mr. George Chamot, the proprietor of a large
cotton manufactory in the interior, with liabilities
to the amount of about 50,000 L The unsecured
creditors are expected to get little dividend.
An annual general meeting of the members of the
Metropolitan Life Assurance Society was held at the
offioes of the society, No. 3, Princes-street, Bank, on
Wednesday, the 14th instant. A very satisfactory
report was presented by the directors, also a state-
ment of accounts, showing the operations for the
past year and the meta of the society. It appears
from this that the receipts for new assurances for
the year have been 5,5631., and from renewal pre-
miums 64,7011. Amongst the other items of re-
venue is 42,3991., as interest and dividends on the
society's investments. The assets on the 4th April
last 'mounted to the considerable sum of 938,8941.,
and are securely invested. The Society is of a
strictly mutual character, the whole of the profit
being distributed amongst the assured only. It
has no paid agents and has never allowed commis-
sion under any circumstances.
Tim Eastern Counties Railway traffic return
shows this week a decrease of 2,0471. ; the Lan-
cashire and Yorkshire a decrease of 7,1544/. ; the
Great Western a decrease of 2,8551. ; the treat
No7thern a decrease of 3,3871 • the Miland a de-
crease of 2,403 i. ; the Manoheitter, Sheffield, and
Lincolnshire a decrease of 2,4771. ; the London
and South Western, a decrease of 1,782/. ; and the
North Eastern a decrease of 3,2031.
The receipts of the Grand Trunk Railway of
Canada for the week ending the 3rd inst. were
14,491/. sterling, being 748/. more than in the cor-
responding week of last year.
It is notified that the business of the Imperial
Bank will commence on Monday, the 2nd of June.
The ninth call of 21. 10e. is to be paid on the
shame in the Dublin and Meath Railway Company
by the 9th of June.
A call of 11. per share is to be made in the
Bankruptcy Court, ou the 7th of June, on the con-
tribxtories of the District Savings Bank (limited).
A dividend will be payable to the shareholders
in the Anglo-Mexican Mint Company on the 2nd
proximo.
We are informed that the applications in London
alone for the shares of the Union Bank of Ireland
(Limited) already exceed the amount to be allotted.
The Fairikght has arrived from China with
632,40011 m. of tea.
The Utopia and Jasper have been taken up by
the Emigration Commissioners for the conveyance
of passengers to Queensland and Natal respectively.
The return of the Bank of England for the week
ending May 21, compared with that for the pre-
vious week, shows the following changes :
Circulation dame £30,007,345 Decrease £599,910
Circulation active
Public diva* 6,557,811 Increase 233,128
Other depoeite
Government securities in
banking dspartanent 10,335,491 Inman 4,123
Othersecuritass banking
department
Otia and bullion in both
departments 16,344,940 Demotes 574,207
Seven day and other bMs 659,375 Demme 71,650
The Rest
Notes in twee 9,217,290 Decrease 592,210
Total reserve toot= frad
is haeldng artmat). 10,114,885 Demesne 563,507
The increase in the private securities is not so
as might have been expected, considering the
active demand for money •, and the withdrawal of
the 700,000 sovereigns on Tuesday by the Turkish
Loan agents has been partly made up by purchases
el imported Million. The decrease in the reserve
has probably contributed to the rise in the
Banks rate.