The Express.
London, England, 1863-01-29 00:00:00

MINCING LANII.7(THD3 DAY.)

Snow—There is • fair but not
West India at weekend pricer.
deeliae, sells freely—brown and low
33.. 6d. ; crystallised yellow, Ma. 6d.
to 445. ; *gory Madras soli at 295.
request at steady rates.
Comm.—The demand ia not active, and prices d Dative
Ceylon show a slight decline, good and fine ordinary basin
been sold at 735. 6d. to

motive demand for
BMWs, at a slight
yellow, 30e. 6d. to
to 41e. ; white, 425.
Refined is in fair

14r:I:TAW9a general 17us miss oontinties to be transmuted
at previous prices.
Ittat.—A parcel of fine Rangoon his brought Da. per cwt.
ihoo has sold at moderate pries.; small pearl, 18s. to 19s.
fileima.—Pepper has found buyers at fully the fanner
currency. Penang, 31d. ' • Singapore, grey to good, 30. to
; white Penang, 51d. to sid. Pimento sold at a slightly
lower rate ; ordinary to good middling, 20. to 2a
Nutmegs steady, small to fair, 10d. to U. 3d. Mace, ordi-
nary, Bd. to 10d.
Flurr.—There is a good demand for currants, and prices
are firmer. Other descriptions sold at steady. Wow.
Rox.-50 puncheons sold, common Anima, at 2a. 2d. ;
Demerara, ls.
amrearm.-250 bags of refraction 3i sold at 375. 9d.
flArmowta 000tinues to bring full prices, a parcel sold at
I 51. U. to 6/. 10s.

-0ov1;;;;Mains dull of sale, and prices hays farther
declined id. to N. per lb.
Joys—The market is not active, but previous prices are
maintained; common to good sold at 211. 10. to 271.
12s. 6d.

TALLOW MARKET.—{THIS DAY.)
The market iv firm. Tows tallow is quoted 445. bet cash
Petenhorg Y. 0., on the spot, 4&. 6d. ; Mara. 465.; April
to June, 455. 6d. to Ma 9d. ;'October to December, 475.

METROPOLITAN oArrus ILtRICAT.
(THIS DAY.)

The supply of baste is rather larger than on Thursday
last. Trade is slow, but prices on the avenge are about
the same as on Monday last. Several inferior qualities re-
main unsold. There are also • few more sheep. The de-
mand is very small, and • clearance cannot be effected.
There is no alteration in the quotations. Good calves main-
tain late prase, but inferior are rather lower. Our foreign
supply consists of 130 beasts, 910 sheep, and 133 calves.
I Nor stone of Ma. a. d. a. d. Per stuns of alba s. d. a. d.
Boa Meats, Nereid& 4 6 0 BedDnselit.bdsBh 0 0 0
Best Mort-horn 4 4 8 Beet Long-w 0015.... 5 2 5
Rama weal. bomb 3 4 0 Do. do. Shorn ... . 0 0 0
Oakes§
NV 3 4 4 Do. do. Shorn .... 0 0 0
IteelDuntffit-breds 5 5 10 Laths 0 0 0

- .
Erato at mirk* 1.C.0 ;
177 ; rip. 110.

mad lambs, 4130;

SMITHIIKLD HAY MARKET.--(11118 DAY.)
Messrs. Harvey mid Piston report trade very slow.
Pram without a taration. Prime meadow hay, 70s. to 75e. ;
superior ditto, 80s. to 86s. ; iolferier ditto, 50s. to 80s.;
clover, old, 90s. to 110 s. ; ditto, mooed cut, 84s. to
100 s.; straw, 32a. to Ws.

LIFEBOAT SZETIOIII. MOILFILE, ANGLESEY,
TONSDAT.—Dwiog a heavy mile of wind yesterday after-
poop, the smack Saint Patna, of Sieger, was observed to
have a egos! of &Arms flying in Red Wharf Bay,
and to have lost coos anchor, close to the site
of the fearful wreck of the Royal Charter. The
lifeboat of the National Lifeboat Institution at
Moe Ere immediately pith off to the mama of the anew,
whom she succeeded is bringing safely whore. In the
coarse of the night the plc considerably abated, and the I
smack was, fortunately, saw the next morning to have
held by her other anchor. The lifeboat thereupon at once
put on board the crew of the vessel, which afterwards pro-
ceeded on her voyage.
DEATH or DE. LYtirax Itenceram.—The New York
Times. of the 12th, says :—" On Saturday afternoon
Lyman Beecher, at the advanced age of 87 years, died at
his residence in Brooklyn. The currents of the last few
yearn have swept from the sight of the present generation
this venerable minister of God, who for years battled in the
name of his Master for the cause of truth and justice ;
but the announcement of his death will revive in
the hearts of thousands lively gratitude for his extended
wear of awhile/ea, and in the memories of many,
ccenrreuces long sines forgotten, but which nevertheless,
are indissolubly connected with their dearest interests for
time and eternity. Of Dr. Beecher's thirteen children not
a few have attained to eminence as writers and ministers.
Mies Catherine Beecher. Dr. Edward Beecher, Mrs. Her-
riet Beecher Stowe, Rev. Henry Ward Beecher, Revs.
°67e4
Charles, Thom.', William, and James
Beer are all known in certain spheres of public
usefulness, sad each in his specialty herdone service in his
day and generation. Of his son Henry, Dr. Beecher was
peculiarly fond and proud, and during the last ten years of
his life has been more or less with him. About five years
winos he balsam a permanent resident of Brooklyn. living
within a stone', throw of his son's house and church. At
the Later place he was for some time an honoured landmark
of a former emigration, and an object of universal esteem
and affection. Latterly, however, during the past three ;
yews, his body, originally so erect and sinewy, has rapidly
failed, and his mind has dimmed gradually in its case, sofa
at length he became literally a child."

MONEY MAREBT.-(THIS DAY.)

Two o'CLocii.

The stook markets today are dull. Consols are
quoted for the account it per cent, lower than they
closed yesterday, while the price for money
is unaltered. In the share and foreign stock
markets the settlement chiefly occupies attention.
Great Western and South Butern stocks exhibit
renewed depression. Foreign securities are in
demand and firm.

At the weekly court at the Bank of England
today, yesterday's rise in the rate of discount to b
per cent. has been confirmed, but no further action
has been taken.

At Paris this morning, according to Mr. Reuter's;
telegram, the Three per Cent. Rennie opened at
69fr. 70c., being sc. lower than yesterday.
Consols are now quoted 924 to 4, both for money
and the account (Feb. 5). The official business
report is as follows :-Three per Cent. Con-
sols, for money, 924, ; ditto for account,
924 ; Three per Cents. Reduced, 924, ;
New Three per Cents., 924, t ; Bank Stock,
237, 235 ; India Five per Cent. Stock, 1084, },lOB ;
ditto, for account, 1084 ; ditto Four per Cent.
Debentures, 1004 ; ditto Bonds, 15a., 10s. prem. ;
Five per Cent. "enlaced" rupee paper, 1061 ; and
Exchequer Bills, par, 3a. die., 1 prem.
A considerable rise has taken place in Greek
Bonds and Coupons, particularly the former,
which are last marked 17f. Spanish se-
curities of all kinds are better, and
the demand extends to Egyptian, Russian,
Mexican, Turkish Bonds of 1862, and the Consolidee.
Some of the present quotations are annexed. Turkish
' 1864 Loan, 854 to 864 ; ditto, 1858, 704
to 71 ; ditto, 1862, 664 to 67 ; the Consolidia,
401 to 4 ; Venezuelan Six per Cents., 601 to 611 ;
Portuguese scrip, 21 to 3 prem. ; and the Peruvian
Loan, 854 to 864, being still heavy. Transactions
are recorded as follows :-Brazilian, 1862, 1858,
1860, 93 ; Egyptian, 961, 97 ; ditto, (second
issue, 951, 964 ; Greek, 17, I ;Vitt° Coupons,/11,
64, 71 ; Italian, 69/, ex div. ; ditto, for amount,
694, f, ex div. ; Mexican, 324 ; ditto,
for account, 321, f ; New Granada ex-overdue
Coupons and Hectares, 134, ex div. ; Portuguese,
1862, 464, ex div. ; Russian, 1860, 93, 94 ; ditto
1862, 950) 4, i ; ditto deriP) Fern- ;
Spanish, for account, 54, ex div. ; ditto Passive,
964, 4 ; ditto Certificates, 10, 94, 104 ;
Turkish, 1868, 704, 4 ; ditto, 1001. Bonds, 724 ;
ditto, 1862, for account, 664,1, ex div. ; Venezuela,
1862, 61, 4, 604._

The City of Washington has brought 187,0001.
in specie from New York.

The shares off the BankofjOreat Britain are
quoted If to 21. prem.

Foos o'expoa.
Console remain quoted 92} to i both for money
and the account.

The impression that the Bank of England rate of
discount would be raised this week having been
confirmed by Tuesday's withdrawal of 170,000
sovereigns for account of the Portuguese Loan,
there was considerable pressure at the Discount-
office yesterday, heavy applications being lodged by
eminent financial houses desirous of borrowing at
4 per oent., in anticipation of the Bank moving
to-day (Thursday) to 5. The Bank djrectors,
however, have apparently come to the de-
termination that they will not permit
themselves to be thus pressed upon on the
day preceding that on which au advance
in the minimum is usually made. No bills
were discounted until the " Committee of Trea-
sury," which sat yesterday morning, had finished its
deliberations, and it was then announced that the
minimum rate was raised to 5 per cent.
The alteration, though fully anticipated for to-
day, being quite unexpected yesterday, excited
some sensation, but not the slightest disquietude.
Although the action now taken on an unusual
day is of a sharper character than the commercial
public have been accustomed to, it is quite recog-
nised that the Bank, instead of waiting for the
Thursday, have a perfect right to get, if they can,
a better price on the Wednesday from the customers
who wish to forestall them in the use of their min
money. The only mischief that could arise would
consist in an impression getting abroad that the
sudden alteration denotes uneasiness on the part
of the directors at some symptoms which do not
meet the eye of the general public. There might,
perhaps, be the more chance of such a miscon-
ception just now, because, while the steady upward
movement lately witnessed in the Bank's terms has
evidently been prompted mainly by their desire to
check the foreign drain of gold, no such motive can
have operated with especial force yesterday, the gold
withdrawals having been suspended. So far as the
protection of their gold is concerned, the Bank
might just as well have waited until the regular
court day, and their prompt decision must, conse-
quently, be attributed to their wish, as bankers,
to levy an additional one per cent on the heavy
amount of business carried to them yesterday.

There never has been a time when a rise in the
value of money has been regarded with greater
calmness. Not the slightest agitation has been
occasioned, it being perceived that the present
measure can do no harm to legitimate in-
terests, while it will have the salutary
effect of deterring, or at least delaying,
several large foreign schemes which were
understood to be approaching. A fresh impulse
will at the same time be given to the upward move-
ment which has set in during the last few days in
the foreign exchanges, and to which no check
would appear to be likely, unless in the event of
the Bank of France deciding upon an analogous
measure to that adopted here yesterday. All en-
gagements to which we stand absolutelyleommitted,
whether in the shape of foreign loans or otherwise,
we must of course meet, and, if need be,
by means of continued remittances of gold ,
drawn from the Bank of England ; but the gain
involved in the present state of the money market
consists in the signal of caution twhich it boirta for '
the guidance of the entire community, especially of
those engaged in foreign ventures. Even, there-
fore, should the event prove that the Bank have :
put their rate up higher than is required by the
general state of matters at home, where trade is
slack and speculation confined within moderate
limits, there will be no disposition to criticise them
too hardly. The coming weekly return is looked
for with much interest.

The rate of discount in the general market has,
at the moment, naturally followed the lead of the
Bank of England. The terms for good bills yes-
terday afternoon were 4f to 5 per cent.
In consequence of the alteration at the Bank,
the joint-stock banks have raised the rate allowed
for deposits from 3to 4 per cent. The terms of
the Loudon and Westminster Bank, however, are
only 3 per cent. for sums below 6001. The discount
establishments will henceforward give 4 per cent.
(instead of 3) "at call," and 4f instead of 31 " at
notice."

The Asia, from New York, has brought 85,000/.
in specie.
The American adrices report a fresh leap in the

quotations for gold and exchange ; the former
having reached 48 percent. prem. and the latter 163.
These movements, as well as the upward tendency
at the same time reported in American securities,
are of course occasioned by the increasing flood of
paper, the House of Representatives having passed
a bill for the issue of 100,000,000 dole. in legal
tender notes.
The London and North Western Railway traffic
I return shows this week an increase of 4,9941. ; and
I the Great Eastern an increase of 1,3061.
The receipts of the Great Western Railway of
Canada for the week ending the 9th January
I were 13,136/. sterling, being 3701. more than in
the corresponding week of last year.
The letters of regret were sent out by the direc-
tors of the British and American. Exchange Bank
(Limited) yesterday, and, as might have been an-
! ticipated from the magnitude of the subscriptions,
were numerous both in the Stock Exchange and
elsewhere. -

Itiiinotified that the further instalment of 4/.
(making 61. per share paid) must be paid on the
shares in the Italian Irrigation Canal Company by
the 16th Feb., under penalty of being charged
6 per cent. interest.
A call of 11. is to be paid by the 28th Feb., on
the shares in the Bombay Gas Company.
The annual meeting of the Linde Improvement
Company is called for the 10th February, when a
half-yearly dividend will be recommended.
Creditors of the Waterloo Life Assurance Com-
pany are required by the 9th February to lodge
the particulars of their claims with the official
liquidator, the 2nd of March having been appointed
by the Master of the Rolls for hearing them.

WZDMIODAT &anis.
Notwithstanding the unexpected nature of the
Bank movement, the funds have shown more stea-
diness, and have closed at a recovery off per cent.
Most of the other markets have given way, includ-
ing American, Continental, and other foreign rail-
ways, and English and Indian lines. The
.premiums
on the shares of some of the new projects were
likewise lees firm this afternoon. It was remarked,
however, that although foreign bonds have for
some time past met with chief attention from
speculators, and usually respond quickly to any
tightening of the mouey market, this department
was to-day the steadiest of any. Preparations for
Friday's settlements were in progress.
Consols, which closed yesterday at 92} to 1. for
the sth February, were first marked this morning
921 and 92g. Just prior to the announcement of
the change at the Bank the price was 92} to 5-16,
and this was likewise the closuig quotation, although
a temporary reduction to 92j to immediately
i followed that announcement. For money the last
. .

price Was 92it to 1, and for the March settlement
94 to 4. The " continuation " to March has in-
creased to to per cent., in consideration of the
higher value of money. The official business
report is as follows :—Tbree per Cent. Consols
for money, 921, ; ditto, for account,
Crum"' 5), 91 ; Three per Cents.
seed, 924, 4, • New Three per Cents.,
9,4, ; Bsik t:ick, 237, 235 • India Stock,
230, ; ditto Five per Cent. Btock, 1061, ;
ditto Four per Cent. Debentures, 1001, I ; ditto
Bonds, 155., 16a, 19s. prem.
•

The India Five per Cent. Stock has again
declined per cent., closing at 1081 to . India
Bonds were dull at las. to 19e. prem.
The rise in the value of money has caused a
fresh fall of 2-4. to 3s. in. Exchequer Bills, which
closed at 2s. dia. to 2s. prem.
Business in the foreign stock market was lees
active than of late, a check having been given by
the movement in the money market.
The

it of the settlement shows an
increased simply of London and North Western
Railway stock, the " continuation " on which has
therefore risen to to per cent. For the first
time for some months there was a "continuation"
of to on Lancashire and Yorkshire stock. Great
Western was carried over "even," and the terms
on most other English railway stocks were
moderate.

The inquiries for colonial government debentures
have slackened. New Brunswick, New South
Wales, and Victoria were more offered.
A fresh fall of 2 per cent. has taken place in
United States Five per Cents. Virginia Bonds and
most other American securities have likewise given
waty).oean
Marine shares closed to-day at 6 to 61
Fem. ; Thames and Mersey, 21 to * prem.;
Universal, 11 to 0* die. ; North British and Mer-
cantile, 164 to 17 ; Commercial Union, dia. to par
ex div. ; and London and Provincial Marine, dis.
to par.
The closing quotations for shares in new under-
takings were as follows :—British and American
Exchange Bank, 61 to 7 prem. ; Cannes Hotel, /
to 1 prem. ; British and Foreign Marine Insuran
11 to 11 prem. ; Continental Bank Corporation,
to 1 prem. ; Union Marine Insurance, 2 to
prem. ; Anglo-Parisian Brewery, * to 1 prem. ;
Wells of Canada, 2to 2} prem. ; Bank of Wales,
to 1 prem. ; Empire Marine, to 1} prem. ;
Anglo-Portuguese Bank, I to * prem. ; Bank of
Great Britain, 21 to 3 prem. ; Financiere
of Egypt, Ito dis. ; City of London Fire and
Life Insurance, 3 to 3} pram. ; Natal Cotton
Plantation, Ito prem. ; Bristol and South Wales
Zinc Smelting, to 1 prem. ; and Asia Minor
Company, to 1 prem.