The Express.
London, England, 1855-09-14 00:00:00

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MONEY MARkET-THIS DAY.

Two o'CLoon.

The English stock market continues to show little
variation, but is, on the whole flat. Prices are
now quoted 1 per cent. lower than they closed yes-
terday. Consols for money are now quoted 901
to 4, and for the 12th October, 901 to 1. Money
stock is becoming more plentiful. Exche-
quer Bonds have been dealt in at 1001 ; Exche-
quer Bills, June, at 12s. prem.; India Bonds at 20s.
prem. ; the 30 Years' Annuities, 1866 (new loan),
at 17 ; and India Stock at 229.
Turkish securities are lower. The Six per Cents.
have declined to 921 to 4, and New Four per Cent.
Scrip to # to i prem. Mexican is quoted 211
to 22; Spanish Deferred Three per Cents., 191 to 20 ;
and Rossini Five per Cents., 98 to 100. Spanish Old
Three:per Cent& have been dealt in at 381; the
Passive Bonds at 41 to 6; French scrip, at 21 prem. ;
Dutch Four per Cent. Certificate', at 961 to ; and
Brazilian Old Five per Cents., 102.

Advice. from Odessa afford a very pitiable picture
of the state of affairs in Southern Russia. Owing to
the drought and locusts, it would appear that that
region will have little produce of any sort this year.
It is believed that in many parts the people are suf-
fering from positive famine, and it is mentioned that
recourse has been had to some extent to the remain-
ing stocks of grain at Taganrog, to relieve the neces-
sities of the population of the interior.
The Essex has arrived off Portland from Port
Phillip, with 44,128 or. of gold, worth about 176 5001.
The demand for the Continent continues, and this
supply is expected to be immediately sent away.
The East India Company will receive tenders on
the 19th inst. for the conveyance of stores from
England to Bombay.
The receipts of the Antwerp and Rotterdam Rail-
way Company for the week ending Sunday lest were
1,2571., viz., 8201. from passengers and 4361. from
goods. It will be noticed that the goods traffic is now
in course of rapid development. The receipts for
the four weeks ending as above are-4,8511. against
3,9211., 3,4114 3,1061., and 2,2151. respectively, in
the preceding four weekly periods.
Land and bank shares yesterday generally main-
tained late rates. The British American Land Compa-
ny's shares were rather more offered. London Dock
stock was dealt in at 102 ; Australian Royal Mail at 41
to 41 ; Peninsular and Oriental at 691; and Pennsyl-
vania Central Railroad Second Mortgage Sterling
Bonds at 94 (exchange 41. 6d.)
The market for American securities is reported by
Messrs. D. Bell, Son, and Co., u dull. Transactions
in state stocks during the lest week have been few,
and prices have not varied, whilst railroad bonds
have been freely offered for sale, and are lower. The
rise in the value of money in the London market will
tend to diminish the disposition to invest in American
stocks. Present quotations are given by this firm es
follows:

Zerleemalde. Dividends. Prices.
United Slates a per Ct. Ida. 1867.1868 Jan. and July 105 107
Do. 6 per Cent. Bde .... 1148 Jan. and July 106 108
Canada 6 par Oust Bt. Ns 1876 Jan. and July 114 115
Califurnia 7 per Cant. Ma 1870 Jen. and July 00 82
Maryland 3 parCketar.Bdo Jen. and July 92 $34
Marsakumetts '.citeCt.bter
/kg Ikeda —4 p. and Oct. 103 105
Peoncylvants 5 perOants — Feb. sad Aug. 78 60
Peaneylwinias peck. Bds 1877 Feb. and Ai.g. 83 81
South Carolina 6 p.Cit. Bde
(Marines) •, , 1858.1868 Jan. =dial, 97 98
Virginia 3 par Ct. Bt 1868 Jen. and July 85 84
Virginia 6pc Cost.Boods 1886 Jan. and July 886 894
Metre& City 6 per Cants. 18364965 I March, Sept' 13 85
April and Oct
New Odessa City 6 per
Opt. Bonds
Pittsburgh 6 per Ct. Stock 18694883 Dims 76 78
Mardi Omni 7 per Cent 1875 April and Oct. 77 78
Illinois Central 7 par Clot
Bonds . 1860 Mareb lk Sept. 79 81
Central Bpw Cl. 1460 Aptil and Oct. 98 98
New York CenWal 7 per
Cant., ounvertibis . 1664 June and Dec. 95 97
New Tack Owned 6 per
Cast, net esneeelable
New Teak &Erb/ pm Ct
1817 Kay and Nev. 100 102
New 177rktirrirle 7 per Ct
3rd
New Tioarejaris 7 per
Ct... Oonvesdkie 1162 Jan. and July 90 81
New Yost arid Me 7 per
Ore. hind 1875 Feb. and nag. el 82
Psi ma? we . la snort-
rzetsulta. miaow. 1839 Jona and Dee. 96 97
Mtn 1864 April sad Oct. 96
Panwiy&wela Ole, 6 pee
OWL. Istmertisse, eon.
amble till 1660

TIiIIIISDAT Evirtixa.

Although only a week has elapsed since the last
advance, the Directors of the Bank of England to-
day further raised their minimum rate of discount
from 4 to 41 per cent. The demand for accommoda-
Con at the Bank during the week is believed to have
been heavy. Yesterday, it is understood, numerous
applications were made to the Bank for the means to
meet the instalment of 20 per cent, upon the Turkish
Loan of 5,000,0001. The drain of bullion at the name
time bee assumed considerable proportions, and is is
yet unchecked. As we noticed yesterday, a belief
bad arisen in many quarters that next week would
witness a rise in the rate to 41 per cent., but the
adoption of the measure at to-day's weekly board seems
to have taken many persons by surprise. At the
same time we notice no dispoition to question the
propriety of the step, the directors being undoubtedly
beet qualified at the present moment to form an esti-
mate of the probable drain upon the Bank's resources.
The effect of the movement upon the stock markets
has been remarkably slight. The funds, after a de-
cline of 1 per cent., closed only / per cent. lower
than yesterday. The publication of despatches from
General Pelissier, placing in a brilliant light the
probable results of the victory just achieved at
Sebastopol, contributed to check any downward
tendency. In the absence from town, how-
ever, of a large number of the leading ope-
rators, and of many members of banking
and mercantile firms, little disposition is shown
to enter into spirited operations, and to this con-
sideration the quiet aspect of the market may in
great measure be attributed. Nevertheless, it must
be blase in mind that the natural tendency of a
higher value of money is to bring stock of various
kinds to market; and a rumour which was prevalent
this afternoon, to the effect that an immediate rise
to 5 per cent. was advocated to-day by some of the
Bank directors, is calculated to induce caution. In
Lombard-street to-day money was in active demand,
but the discount houses have not yet announced any
change in the rate allowed for money " on call."
The present rise in the value of money is calcu-
lated to prove prejudicial to the railway share market,
already depressed during many weeks by the unfa-
vourable aspect of the half-yearly accounts, and by
the growth of distrust in existing railway manage-
ment. The late decline of rates in the discount mar-1
ket to 3 to 31 per cent. had led to the hope that the
fund available for dividends would be increased by
the savings effected on the renewal of debentures;
but these hopeful anticipations are already effectually
dissipated.
At Vienna the character of the advises from Sebas-
topol has occasioned a further marked diminution of
distrust in the financial situation. The exchange on
London has further declined from 10.57 to 10.54, the
premium on gold to 201 per cent., and that on silver
le 141 per cent. Since last week the premium on
geld has fallen 21 per cent., and on silver 4 per cent.
At Berlin Russian stock shows a further fall of /
per cent., consequent upon the shook given to the
prestige of Russia.
Consols opened at 901 to 91 for the 12th of Oct.,
declined to 901 to;, and closed at 901 to 1. For
mosey the closing quotation was 901 tot The official
Wiens report is as follows: Three per Cent.
Ones* for mosey, 901, a. a, a; ditto, for ac-
smut, 12th Oct., 90k, 1, 1 ; New Three per Cents.
(abu, 911 ; Long Anne., expiring in Jan., 1880, 4;
India Stock, 230, 229, 230; India Bonds, 28 prem.;
Three-and-a-Half per Cent. Exchequer Bonds, falling
ble in 1858, 1001, 1001; ditto, 1859, lan, 1001.
ear Bonds were more offered, and the clos-
ing' quotation was 1001 to 1. Exchequer Bills were
rather flat, but maintain the quotation of 10s. to 14s.
prem. •
irceeign stocks were little affected in price. Turkish
'lie pee Cents. were first lurked 931, and, after

declining to 93 to 1, closed at 931 to I. The sesip et
the New Four per Cent. Guaranteed Loan was dealt
in in the morning at 11 prem., fell to I to 1, and was
last quoted 11 to 1: prem. Spanish Bonds are km:
the Deferred Three per Cents. are marked as geed es
20, and the Passive Bonds at 6. Russian Meeks
maintain the quotations which were current befogs
the evacuation of Sebastopol was known. The strip
of the new French loan was last quoted 21 to 3/ Fem.