The Express.
London, England, 1864-07-25 00:00:00

MONEY MARKET.—anis DAL)

ADVANCE IN THE BANK RATE OF
DISCOUNT.

Two o'CLoar.

With regard to the progress of cultivation and
enterprise in I,:dia, the circular of MOM& Jan*
Travers and Sons has the following :
The statements wade on Thursday evening by bir Maim
Wood in bringing forward the Indian bedpt, with ripest
to the increase of cultivation and eateprisa in ludas, wawa

The executive of the Bank of England have is 000,; CLOP very ;trde'. As Mardi cotton, it aillsess
this morning raised the minimum rate of die- cthawtt.,o:PPVlLfr thatm
year theyc°wuntrYere 3,lfT7rgsOwcw":,Lwri **let
count from 6 to 7 per cent. From , the preset year, so far es sea yet be ascortaised, the is-
the tendency lately shown by the Bank cm" will be ie a still mete remarkable ratio 1. the bee
Ire swaths of last year the quantity imported was 962,090
amounts, and from the continued, though mode- ' cwt., sod from the lot of January to the 31st of May, 1944.
rate withdrawals of gold for exportation, this; it has been 1,247,875 cwt. A. regards coffee, the quality
measure had come to be regarded by the corn.;r.e IfroZloroot:it!is2reg:7loohralne,red; Isdligse°,etteB62,
mercial public as extremely probable. It has there- 9,000,00011 a to 11,000,000 lbs. ;of jute, from 317,000 cwt. to
fore not been attended with any material effect 1.208 000 ; Rd. .14:1°4 tioa from 15,000,000 lb..
ore to
upon the prices of public securities. The tendency emme,,,,arde progress, sad as the pressat mocasst all the
of prices throughout the Stock Exchange, however, tocecumeet Plsotatkm• have boss disposed of to Print;
is drooping. The funds have declined 1 per cent. iwsoos ltdil,thOpe:rPti"seed. of one ,wiltehobtaishbeepe total pro-
At Paris to-day, according to Mr. Reuter's titi of tee exported has increased shim 1859 front 60,00 r. to
Peru-
vian jiner
telegram, the Three per Cent. genies opened at
66fr. 10c. for the account, being the same as at the future advaticemest of le country, the quality al the
the 71.0.piruoccestive :itlilttrodumore icmtigarto,Uhe r-
the close on Saturday. plant being apparently improved instead of being date-
notedrimmed be the lodise climate. The notification of as az-
Consols are now q 90 to 1 for 'jawed swots of
874,0001. at the sod of the current
money, and 901 to 1 for the 9th August. Year, notwithstaading the paying off during the past two
The official report of actual transactions is an- batant yeirsienof. four;
this sizitleli:nitsterl.iog of debt, is
flexed :-Three per Ceat. Consols, for motley, 90, I
4 ; ditto, for account, 904 ; the Three per Cents.
Reduced, 891, 4 ; New Three per Cents.,
891, 1, ; New Two-and-a-Half per Cents., Jan.,
1894, 73 ; India Stock, 214, 212 ; ditto Five per
Cent Stock, 1870, 1041 ; Exchequer Bills, March,
Bs. din. ; ditto, June, ls., 55., die.
The foreign stock market is fiat. Greek Bonds
are to 1 per cent lower, at 24/ to 4, and
Turkish Consolidis 4 lower, at 50 to 4. Other
foreign stocks, though dull, have not varied much.
Spanish Passive Bonds me quoted 281 to ; Con-
federate,77 to 79 ; and Mexican, 281 to 291, "ex all.°
Transactions are recorded as follows :-Brazilian
Five per Cents., 101 ; ditto Four-and-a-Half
per Cents:, 1852, 1858, and 1860, 871 ;
Dutch Twoquid-a-Half per Cents., 621, ex div. ;
Egyptian Seven per Cents., 1021 ; Greek Five
per Cents., for account, 241, 1 ; Italian Five per
Ceuta., 1861, 671, ex div. ; Mexican Three per
Cents., for amount, 28/, ex al); New Granada,
124 ; ditto Two per Cents., 291 ; ditto,
Land Warrants (Hectares), 44 ; Portuguese Three
per Cents., 1856, 1867, 1859, 1860, 1862, and 1863,
for account, 471, ex div. ; Russian Four-and-Half,
per Ceuta., 1850, 86, ex div. ; ditto 1860, 86 ;1
ditto Anglo-Dutch Scrip, 1864, 44, d prem. ;
Spanish Three per Cents., for account, 501,
ex div. ; ditto Deferred, for account, 444,
f, ex div. ; the Committee's Certificates, for
account, 101 ; Turkish Six per Cents., 1854,
for account, 911 ; ditto 1862, for account, 691, 4,
ex div. ; ditto 1001. Bonds, 704, 691, ex div. ;
ditto Guaranteed Four per Cents., 101/.
International Financial shares are now quoted
41 to 5 prem. ; London Financial, 121 to 13
prem. ; General Credit, 3 to 4 prem. ;
Imperial and Mercantile Credit, 4to prem. ;
Hudson's Bay, 17 to ; Ebbw Vale, 4 dis. to
prem. ; Ottoman Socidt3 Generale, 21 to 31 prem.
A further sum of 40,0001. in gold was on Satur•
day withdrawn from the Bank for exportation.
Th. Bavaria has arrived from New York with
8,7701. in specie, of which only 1,061 dollars are for
England, and the rest for France.
In accordance with the special resolution passed
at the ordinary meeting of the proprietors of the
National Discount Company, held on the 2Uth of
January, the directors have made a further call of
24 His. per share on each of the shares then created,
payable on the 15th August.
The following circular, explaining the arrange-
ments proposed in connexion with the increase of
the capital from 3,000,0001. to 4,000,0001., has
boon issued to the shareholders in the London Joint
Stock Bank :

SATOILDAT E, s.

Consols, which closed yesterday at 90/ to I for
the 9th of August, opened this morning at the
same quotation, and closed at 90f to 1. For
money the last price was 901 to 1. The official
report of actual transactions is annexed, via :
Three per Cent. CODIOII, for money, 90, 1 ; ditto
for account, 904, ; Three per Cents. Reduced,
89i, 4 ; New Three per Cents., 894, ; Exchequer
Bills, March, Si., be. dis. ; June, Be. die. ; India
Stock, 212.
The foreign stock market was very inactive.
The dealings in bank shares were restricted and
the market was rather flat. Agra and Masterman's
Bank, old shares, declined about 2L ; City, London
and Westminster, Alliance, and Union of London, 1 f. •
Hindustan, China, and Japan, 10a. ; London Bank
of Mexico and South America, 6a. ; and Mercantile
I Bank, 10a. London, Birmingham, and South
Staffordshire Bank, on the other hand. improved
IL, and Imperial Bank of China, India, and
Japan were 61. better.
Hudson's Bay shares were slightly firmer, at 174
to 4. Egyptian Trading remain dull, at 2 to n prem.
Commercial Union Insurance have improved, while
Contract Corporation were flat. The shares of the
International Contract Company have risen to 4 to
Prem.
No alteration of importance took place in the
shares of the financial companies. The dos*
quotations are annexed, viz. :—lnternational, s,te
prem. ; General Credit, 34 to prem. ; Louden
Financial, 12/ to 131 prem. ; Imperial and Mer-
cantile Credit (amalgamated), 41 to 4 prem. ; Credit
Mobilier, 54 to 6 prem.; Credit Foncier,Bl to 9 teci.
The closing (but in some eases merely nominal)
quotations for shares in new undertaking's see
subjoined, viz. :—lnternational Land Credit, 14 to
21 prem. • Millwall Iron Works, par to 1
Ebbw Vale Company, Ow tot prem. ; lagd,
to 4 prem. ; Ottoman hociiite tienerale, 2/ to
31 prem. ;Anglo-Egyptian Bank, 34 to prem. ;
London and County Land and Building, 14
to 24 prem. ; and Queensland Sheep, 4 dia.

MINE&-(THIS 114YJ

Two o'CLoow.

The London Joint Stock Bank, London, July 21.
Sir,—By dietetical of the board, I beg to inform you that
a special general meeting of the shareholders in this beak
will be held at the banking-house, No. 5, Pritioraetteet,
Mansion-bones, on Thursday, the 18th August next, at
12 of the clock at coon precisely, for the purpose of cos-
eiderisg a resolution which will be then submitted to the
wiestiag for increasing the capital of the bank in accord-
ance with the 52nd clause of the company's deed of settle-
meet It is proposed to Morelos the subscribed capital from
3.000.0001. to the sum of 4,000,0001. by the creetioe
of 20,000 sew shares of 501. each, but that of
such shares 12,000 only be at present issued. It is
also proposed that seat lest-nsentiowsd share' be issued at
401. per sham bier IW. per &bare the amount paid on
the allege( alarm of the company, and 301. per share
, premium, each sum of 401. per share to be paid by equal is-
' rtalmente on the 30th September, the 31st October, the
30th November. and the 31st December emit, and to be
applied rateably in paymeet of premium Ma spite!. The-
' premiums when received to be divided rateably ameapt ail
the shareholders of the beak, }selecting the holders of such
I new shares, whereby the capital of the hank will be incressed
to 72,000 shams of 501. each paid rep to the extent of 151.
per share, thee rahig the paid-ep capital on the completion
tithe first issue to 1,080,0001. It is intended that each new
shares shall, io the first instance, beamed to the shareholden
is the proportion of one sew share to every five shares at
which they may be holden mi the 18th August next, ma
which day the traasfer books will be closed fora week. Any
shares not accepted by them to be allotted at the dissection
of the directors. Interest will be allowed at the rate of U.
per coat. per anemia oe all instalments (and which the
&Bottom will be allowed to prepay), from the time of pay-
meat to the 31st December next, from which date the
shareholders will be entitled to participate in the profits.
Should the inetaloseete be not punctually paid, Interest
thereon at the rate of 101. per cent. per &seam will be
charged. As rupees the 8,000 shares, it is proposed to give
power to the board to issue them at any future time to the
Uwe shareholders. The last mentioned shares to be issued
as seek terse, in all respects, as the directors may think
fit, they being empowered to eppiy the premiums to be
received on such shares as they may deem most bseeficial to
the bank.-1 am, ha, AL's= Scan-wan, Seervittry.

The half-yearly meeting of the Midland Rail-
way Company is convened for the 16th of August
at Derby, and that of the North Staffordshire
Railway Company for the 10th August at Stoke-
upon-Trent. The latter will be made special, to
sanction the raising of additional capitaL
The fourth call of 11., making 41. called, is to be
paid on tbeMidland Railway Five per Cent. Perpetual
51. Preferenoe Shares by the 18th of August.
Formal notice is given that all persons having
claims on the London and Middlesex Bank
(Limited) are requested to send them in forthwith
to the offioes of the bank, No. 54, Bishopegate-
street, Within, EC.

The first ordinary general meeting of the Conti-
nental (he and Water Company (Limited) is called
for the 4th of August.

The call on the shares of the Wallacbian Petro-
leum Company (Limited), fixed for the 18th of
August, is deferred.
The half-yearly meeting of the Fore-street Ware-
house Company (Limited) is called for the 3rd of
August, when a dividend is to be declared.
The particulars are published of a number of
Atlantic and Great Western Railway Bonds of the
New York section which have 'been purchased and
cancelled under the sinking fund. The traffic re-
ceipts of this railway for the month of June were
314,521 dollars, against 214,679d011ars in May, and
197,287 dollars in April, when the number of miles
open was the same u now, viz., 322.
The first report of the directors of the Oil Seed
Crushing Company (limited), to be submitted on
the 26th inst., states that up to the 30th of June
the nett profits realised are equal to about 10 per
cent per annum upon the paid-up capital (exclud-
ing shares recommended for forfeiture), and enable
the board to recommend a dividend equal to 8 per
oent per annum, and to create a reserve fund.

A memorandum forwarded to us mentions that—
"ln consequence of the withdrawal of the British
and Canadian Steam Ship Company, the directors
of the Liverpool, Quebec, and Montreal Steam
Ship Company have re-opened their subscription
list, and the following gentlemen have joined the
board, viz., Mr. T. B. Forwood, chairman of the
Mercantile and Exchange Bank, Mr. W. W. Cargill,
M.P., of London, and Mr. Bernard Liebert, of
Manchester." _ _

We are requested to mention that the share list
of the Colonial and General Gas Company will be
closed on Monday, the Ist of August.

The mining market remains dull, and few features
of interest are presented to-day. List Lovell shares
are quoted 14} to 15fr ; East Grenville, olt to I ;
Wheal C:ifford, 33 to 34 ; Zest Caradou, 28} to 29 ;
and Wheal &ton, 220 to 226.
In foreign mines, St. John del Rey have been
dealt in at 38+1 and 38, being steady, and Cobea
Copper at 33, being dull.
A special meeting of the Anglo-Brazilian Gold
Company (Limited) is convened for the tiOtli inst.,
to coafirm the resolution pained on the let inst.