The Express.
London, England, 1853-09-02 00:00:00

HONE Y MARifET.

The English i'mck market opened this morning
The
By RN'S°.
at the closing
range of yesterday, sf,th Consols
ruling at 971 1 for money and the Btf September,
and romaine d steady till past one &el .04, many of
the dealers. continuing to express tk ,eie disbelief of
any movement at the Bank at the w eekly meeting of
the dir cctors to-day. At about tb at hour, however,
it transpired that the minimum d'iscount rate of the
inse.itution had been raised to 4 t ?er cent. and Consols
immediately fell to 971 to 1. fi x,m which rate there
was no subsequent recovery. As an additional de-
pressing influence was exe• mised by the very un-
propitious weather, the dee'line may really be said to
havebeen much less than nt.ight have been anticipated ;
but it must be borne in mind that the funds
fell 3 per cent. yesterday afternoon, making a fall in
two days of a. The ether departments of the house
participated ii the fall ; and although " bear" opera-
tors appear to have rendered some support in the
afternoon by realising profits, the tone at the close
was generally heavy. On the whole it does not ap-
pear that the step of the Bank is likely to cause any
anxious feeling, as it had been generally anticipated ;
although many parties, as usually happens, cannot
see the necessity of the measure at present.
As regards the effect of the Bank measure upon
the mosey market at large, there is reason to believe
it will be rather decided. It is an undoubted fact
that, for months past, money has been in increasing
demand to meet the requirements of the enormously
extended trade of the nation ; and, in view of the
fact that every clams of the population is now in
active employment, it is probable that rates of money
in all quarters will quickly be raised in accordance
with the Bank of England movement. To-day, for
instance, the Lombard-street discount houses have
raised their rate for money on call to 31 per cento
and their current discount rate is understood to be
very little below the enhanced rate of the Bank. It
is very possible, however, that discounters generally
may keep their rates slightly below those of the
Bank, with a view to drawing away a portion of
business from that institution.
The official report of the day's business in the
home stock market embraces :—Three per Cent.
Consols, for money, 971,, a, 3,3; ditto for account,
Bth Sept., 973, 3, 3. Three per Cent. Reduced, 981,
8, 1. Three-and-a-Quarter per Cents., 1003, 101,
1003, 3. LongAnnuitieslB6o,sl 15-16. Bank Stock,
2271, 228, 227. India Stock, 256, 255. South Sea
Stocl4 1151.
Exchequer Bills were Is. lower, closing 2s. die. to
Is. prem. India Bonds were also rather worse, at
14e. to 18s. prem.
Foreign stocks sympathised with the general
downward tendency of prices, but the tramactions
are so restricted as scarcely to give a character to
the market. The speculative stocks, including
Spanish, Mexican, and Grenadian, continue to re-
cede. At four o'clock Mexican Bonds were quoted
261 to 3; Peruvian Deferred, 59 to 61 ; Spanish De-
ferred, 221 to 231 ; the Committee's Certificates, 6 to
63 per cent. ; Granada Active, 23 to 24; ditto Defer-
red, 9tto 3. The entire list of sales includes only :
Brazilian Four-and-a-Half per Cent. Roads, 1852,99.
Granada Deferred, 93. Mexican Three per Cents.
for account, 15th Sept., 263. Portuguese Four per
Cents., ex all overdue coupons, 413. Sardinian Five
per Cents., 96. Spanish Old Three per Cents., 4731
ditto New Deferred Three per Cents., 231, 23.
The demand for gold for the Continent continues.
It is understood that some very large amounts in
gold bars and Russian coin were withdrawn to-day
from the Bank of England. It is computed that the
next steamer that will leave Hull for St. Petersburg
will take out fully 150,0001. in half-imperials.
The exact amount of specie brought in by the
Magdalena, is, we are officially informed, 1,351,800
dole., worth about 270,3601. sterling. This vessel
also brings in 12,758 dols. worth of pearls, 3,200
dols. worth of platina, and 1001. in diamonds.
The wet weather to-day has still more strengthened
the demands of importers of corn, and prices which
would have been accepted yesterday were refused by
them to-day. Letters from Glasgow report a similar
state of weather, and state that harvest work had
nearly been suspended in that district. At the mar-
ket held yesterday at Glasgow the price of wheat
rose 3s. to 4s. above the price of eight days pre-
viously. Moat of the French markets reported to-
day announce again a further rise, but business had
lost much of last week's activity.
The tallow market to-day was flat. At the close
there were sellers of Russian tallow, for delivery in
the last three months of the year, at 50s. 6d., with no
buyers above 50s.
A call of 31. has just been made on the shares of
tie Madras Railway Company, payable by the 28th
September, one month after which date shares not
paid upon will be liable to forfeiture. An extraordi-
nary general meeting of the shareholders is also
called for the 12th September " to receive a report
from the directors to consider a correspondence with
the Court of Directors of the East India Company
on the subject of a proposed contract for an exten-
sion of the line, and to themes and decide upon the
measures to be adopted in reference thereto."
At the meeting of the Edinburgh, Perth, and
Dundee Railway Company, called at Edinburgh on
the 9th September, inoaddition to the ordinary busi-
ness, the directors will ask authority to borrow
81,0001., and to convert the " Granton Quitter
shares" into ordinary stock.
Annexed are the latest reports from continental
bourses, as received by Mr. Renter's express :
Amsterdam, Wednesday, closing prices :—Dutch Four
per Cents., 95 9-16 ; ditto Two-and-a-Half per Cents.,
63 7-16; Spanish Deferred Three per Cents., 23
3-16 ; the Coupons, 61 ; Austrian Five per Cent.
Metalline, 82 9-16 ; Mexican New, 26 ; Granada De-
ferred, 91; ditto Active, 22 1-16; Peruvian, New,
811; Greek (Blue), 6 11-16; Portuguese New,
40 7-16.

Paris closing prices of this day :—Four-and-a-Half
per Cent. Rentes, 104.90; ditto Three per Cents.,
79.05 ; Bank Shares, 2,800. The Three per Cents.
show a fall of per cent.
Six per cent. debentures of the Cincinnati, Logans-
port, and Chicago, and Logansport and Chicago
Railway Companies, to the amount of a quarter of a
million sterling, are being offered in this market, at
the rate of 95 per cent. The interest is payable half
yearly in London, and the debentures are stated to
form a first mortgage on the undertaking.
There has been a fair demand this week for United
States securities of the various descriptions, unaccom-
panied, however, by any change in price. Present

JOINT STOOK DAIL&
. Liming •
No. 6b. Bassi. Pd.' primalYroterd 1 BoallIONI doso
a) • to-day.
12.500 all 74 75 77 61
40 Brit. CoL It Laie Co. WI
A 60 Muth If Amason all
411.00 t, 25 Martini al Aala .. 6 6 die psi
66,000 10 CbarL Aba-
-016m....... 2 6 6 pat
20000 100 Co= .. . . .. .. 26
Cal„
26.000100
. 4 ii:dc6_ ... 19
25,000 10 Nag— & Aset. coarL 10 4 db. 4 pm— 10f
INV 10, Oak of Alla. i.lO 26 16 pm IR
tOoo 182 mirioloiliaiir 123 :
• 10,000 100 1 PM. Or lloglapal 36
10. 20 Do. N0w.._.,.., ... ..... . 10
10, 60 NANNY a( Miami 22!
33,67 2: odor' sulk cmpoii4.i. .11 ii 60
so.loo Proaadel 03 frolaad..... 26 —
6,00 lO Do. New . .. all
60,000 6 urea AaanillOit iiiiiiiri6
aid Gall Imp. 00. ...... 1 '. lib par
MOO 26 sop& Arstralla
„........ 25 40 a a
10,00 u 26 Vales at Avolabla . ..... .. a`,l 166 68 6g •6
11.000 ..Do. Now .. •••• • • • • 21 7 8
WOO ao Union of Loudon.. ...... 10
6,000 40 IL Woo of Madrid .. ...... ~I al