The Express.
London, England, 1855-09-27 00:00:00

COMMERCIAL AND MARKED

MINCING-LANK—THIS DAY.
Suomi —The market is steady. The public sale of Cuba
went cff at yestorday's prima. The Kavanagh bought in at '
high rams. Refined, firm ; brown lumps, 682. grocery, 650.
to 66..
Correa—The public sal. of plestation Ceylon is pro-
grama), at previous rata.
Tlll.—Ths market is firm.
Rica —& lugs busloads woe done yesterday oa 'Change,
fully 800 tons were sold E high prioss.
Russ cooties.* in good dimmed. Proofs 2.. 4d. to 2.. 66.
Demerara fine, 2a. BE. ; proof, strong Jamaica, 3e. 10d.
to 4.. ad.
Barrarra&—The demand is limited.
Corrox.—Tbs public sale of 400 bales was bought is at
full prime.
la other articles no material alteration.

TALLOW MARILICT.—THIS DAY.
The tallow market is dell at the following reamed quo-
tations :—Towa tallow, 68s. net cash ; PetenburdY.C. co
the spot, .68s. ; October to December, 675. 6d. to 9d.

SMITHFIELD HAY MARKET.-(THIS DAY.)
Mr. E. J. Davis reports the supply larger, aad trade
heavy, at lower priors for clover ; meadow bay sod straw
without alteration. Prime meadow hay, 105 e. to 11516 ;
superior, 1201. to 1265.; ialerior, 70s. to 845.; rowen,
70.. to 905.; clover, 1001. to 1365.; Dimond cat, 100 e.
to 1265.; straw, 30s. to Ms.

MONBY- iftilMr=i=.nM DAY.

; • Two o'CLoex.
The English fonds showed renewed heavi-
ness this morning, but since the aneouncensent that
the Bank of England has raised its rate of discount
from 41 to 5 per cent., a rally has set in. Priori
are now quoted the same as at the close
of the house yesterday, Consols standing at
881 toll for money, and 66/ to 1 for the 12th Oct.
In the morning the prices receded to 861 to 1 for ac-
count. Exchequer Bonds mark 99}; India Bonds,
par; and Exchequer Bills, tis. to le. die.
The panic in Turkish Biz per Cents. continued
this morning, and the price fell to 611. The market
has since recovered with extraordinary rapidity to 84/
to 85, but is still very unsettled. The Four per Cent.
Loan, after marking 21 die., has recovered to 11 to If
die. Mexican Bonds have been dealt in at 211;
Peruvian Four-and-a-Half per Cents. at 78 ex
dividend ; Spanish Deterred Three !per Cents.,
at 191 to ; Venezuela Active at 24. Dutch Two-
and-a-Ralf per Cents. at 641; ditto Four per Cent.
Certificates at 96. French scrip is quoted 1 to li
prem.
The corn market yesterday was stead
_y, at Monday's
reduction. The demand for flour on French account
continues.
The Washington Irving has arrived from Sydney,
whence she sealed on the 19th June. It is rot yet
known if this vessel brings any gold on freight.
The half-yearly dividend on the Turkish Six per
Cent. loan is duly advertised for payment by Messrs.
Palmer, Mackillop, Dent, and Co., on the 10th Oct.
The half-yearly interest coupons of the first and
second aeries of the Dutch Rhenish Railway Com-
pany's loan of 4,800,000 florins are advertised for
payment.
The Admiralty will receive tenders on the 27th
inst. (this day) for the conveyance, from the river
Thames, of 190 tons of navy provisions to Jamaica.
The directors of the Great Luxembourg Railway
Company will receive tenders until the 20th October
for the construction of the portion of the railway
commencing at the right bank of the river Meese,
and terminating near Bourine, being a distance of
about nine English miles.
The London and North-Western Railway Com-
pany will receive tenders until the 10th October for
the supply of a large quantity of railway materials,
including 4,000 tons of chairs and 100,000 sleepers.
The half-yearly meeting of the Eastern Steam
Navigation Company is to be held on Friday next;
that of the Globe Insurance Company on the 25th
October; and that of the Aoglo-Rowena Gas Com-
pany on the 17th October.
A special general meeting of the National Bank of
Ireland proprietary is called for the 24th October, to
change the name of the institution to "The National
Bank."
The final call of IL 10s. is to be paid on the shares
of the Berlin Wszerworks Company by the 9th Oct.
Land shares yesterday were dull. Canada Land
shares continue to meet with numerous transactions.
Bank shares were in many cases flatter. City Bank,
Bank of London, British North American Bank,
Union of Australia, and Oriental Bank stocks were
all quoted lower. The Portland Iron Company's
shares were worse. Peninsular and Oriental Steam
shares were dealt in at 67.

WIDNISDAT 'CURING.

The fall in the funds has made further progress
to-day. At the does of the Stock Exchange prices
were quoted per cent. lower than yesterday ; and
after the authorised hours of business a farther but
speculative decline of 1 per cent. was quoted. In all
the other departments of the Stock Exchange gloom
prevailed. The fall in Turkish stock has assumed
the proportions of a panic. Throughout the day, and
more especially towards the close, the disposition to
press sales of Consols was very prevalent, and was
Increased by the announcement that the Bank of
England has to-day raised its rate for loans
on government securities from 4 to 41 per
cent. This step, which was generally inter-
preted as indicating a great probability that
the rate of discount will be raised to-morrow to 5 per
cent., appears to have been adopted in some haste,
and has probably been prompted in great measure by
the extent of the demand for money from the Stock
Exchange, where 4 to 4) per runt. was readily
offered for loans on security of Consols end Exchequer
Bills. This demand in the house is increased by the
requirements of the half-monthly settling, and is
readily explained by the recent heavy sales of stock
on banking account, by the extent of the late fall in
Turkish and other securities, and by the large
amount of the new Turkish loan at present held by
the members. Sales of the unfunded securities also
continue to be effected by bankers and others,
and thus Exchequer Bills have fallen to
4e. discount to par, and Exchequer Bonds
to 993 to 1. At this range the former
securities met with little or no demand. In Lom-
bard-street to-day the demand for accommodation
was very heavy, and full rates were exacted. Not-
withstanding the pressure in so many quarters, how-
ever, confidence in the future appears not to be
seriously disturbed, and, apart from the reshot sellers
in the Stock Exchange, there are no signs of panic.
It is hoped that the expected advance in the Bank
rate to 5 per cent. is now to • great extent dis-
counted, and that the adoption of this further mea-
sure of restriction will induce a calmer and more
settled state of the money market. The bulk of the
late heavy imports of Australian gold is not yet in
hand. As we have before mentioned, a considerable
portion of them arrivals has already been purchased
on foreign account, but it is noticed as a favourable
feature that the parties who have for so many weeks
been exporting gold to the continent were to-day no
longer buyers, owing to the late rise in the exchanges.
As regards the extraordinary purchases of gold in
this market on account of the Bank of France—or, in
other words, of the French government—there is an
unwillingness to believe that the operation will be
continued to any great extent, owing to the direct
and serious loss which it would appear to involve.
The price of gold in Paris being at present 3 per
mills discount, the par of exchange is nearly 25.10,
and, taking the current course of exchange at 25.25,
a difference of 15 centimes, or about 12s. per 100 L,
exists between the two rates. Supposing gold,
therefore, to be purchased in London at the current
exchange, it would appear to be only saleable in
Paris at a loss of about 12e. per cent., as above
stated.
At Paris to-day the Three per Cent. Routes closed
at a further fall of 1 per cent. At Vienna a more
confident feeling is indicated by a decline in the ex-
change on London from 11.4 to 10.58.
Consols for the 12th October, which closed yester-
day at 891 to 1, opened this morning at 891 to 1, and
had receded at 4 o'clock to 881 to 1. At halt-put 4
the price had further declined to 681 to 4, and was
subsequently quoted 881 to I. For money the price
ruled about 1 per cent. below these rates. The official
business report is as follows : Three per Cent.
Consols, for money, 89/, 89; ditto, for account, 12th
October, 89 ), 891. India Stock. 228. Three-and-a-
, Half per Cent. Exchequer Bonds, falling payable in
1858, 991, ; ditto in 1839, 993.
In the foreign stock market the chief feature was
renewed violent fluctuations inTtekish Six per Cents.
equal to
oTfhtehpersiceto,cakftEer falling taotBB44, witaso
iroTtlis at
is
athece
a fall of 2/ per cent. since yeyerday, and makes the
total decline in two days no less than 63 per mat.
The sales of this stock have been to a considerable
extent forced, owing to the difficulty of "carrying
over" to the new account the outstanding speculation
for higher prices, but there have in addition been
though comparatively steady in face of the panic in
the Six per Cent. Bieck. The scrip of the new French
"2e
closedb°na fide
at riles.
t I ridei Foursco perdiscount,
bei guaranteed
scripstill
loan fell about per cent., being last quoted
Ito 11 prem. Peruvian Four-and-a-Ralf per Cents.
declined 1 per cent., and Spanish bonds were weaker.
At Amsterdam yesterday (Tuesday) the exchange
on London was quoted 11.821, at short, «nd at
Berlin, 6.18.

A Vienna earrespoadent of a Prussian paper writes
that the Count de Chambord bus sever received the Might-
est hist from the Atari's Governenest that it is averse
to his misgiving visits Crom the members of the Orleans
Wench of his family. sad taws is roues to believe that his
Matemeat is eorrest.