The Express.
London, England, 1865-03-30 00:00:00

T.—(raza DAL)

REDITCTION
DI IN TEE BANK RATE OF
BOOIINT.

Two o'Czocm.
The directors of the Bank of England have this
day reduced the minimum rate of discount from 44
to 4 per cent.
The stook markets opened this morning with as
upward tendency, but, the movement by the Bank
having been generally anticipated, its announce-
ment has been attended with a number
of speculative realisations. The funds are
now quoted the same as they closed yesterday.
Foreign stocks, in some oases, are rather natter, but
a farther improvement of moderate amount has
taken place in many of the home railways. Other
securities are generally steady. The government
broker bas bought about 30,0001. New Three per
Cent. Stock.
There was little or no demand for money this
morning, but the inquiry subsequently increased,
though not to any important extent, oa
the announcement of the reduction In
the Bank rate. The general charge for
the best bills is 4 per oent., but exceptional trans-
actions are reported at 31. Short loans are
obtainable in the Stock Exchange at 34 to 4
per cent.
The joint-stock banks have lowered their terms
for mousy on deposit to 3 per cent. The discount
establishments now allow 3 per Dent. for money at
call, 31 at 7 days' notice, and 34 at 14 days' notice.
Consols are now quoted 891 to 1 for money, and
891 to 1 for the account (April 6). The official
Wilkes report k as follows Three per
Cont. Consols, 891, 1 ; ditto for amount,
894, g ; Three per Cents. Reduced, 871, 4 ;
New Three per Cents., 874, ; India Stook,
2141; ditto Five per Cent. Stock, 1041; ditto Four
per Cent. Debentures, 991 ; ditto Bonds, 156.
prem.; Five per Cent. " echoed " rupee paper,
1001 ; and Exchequer Bills, 66., 3a. prem.
There iv a decline of per cent. in Turkish Bonds
of 1858, and the Consotidois, and 4 in Spanish Ota.
tificatea, while Mexican Bonds have risen to 4.
Other foreign stooks Sr. fairly supported. Some of
the present quotations are annexed, viz.:--
Greek Bonds, 211 to 1 ; Mexican, 261 to 1 ;
Confederate, 321 to 331; Spanish Passive, 324 to
; the Certificates, 174 to 1 ; Turkish, of
1868. 71 to 4, ex die. ; ditto 1862, 74 to
; and the Consolidis, 54 to 4.
Transactions are reworded as follewio--Kgyptian,
954; ditto second issue, 944; ditto 1864, 961,
97 ; Greek, for eccount, 211 ; Italian
scrip, 3 dim. ; Mexican, 261 ; ditto
for amount, 261, 1, ; ditto 1864, 251 ;
New Granada, 291 ; Portuguese, 1866,
its, 474 ; ditto for account, 474,1 ; Russian, 1862,
894, ; ditto, 1864, 911 ; Sardinian, 761; Spanish
Passive, for account, 32i, ; ditto Certificates,
171; Turkish, 1854, 94 ; ditto, 1858, for account,
711, 1 ; ditto, 1862, 731; ditto, for account, 74 ;
ditto 1001. Bonds, 74, 4, ; Venezuela, 1862,
401 i ditto, 1864, 411.
International Fine vial shares are now quoted
14 to 1 prem., ex div. ; General Credit,
34 to t prem., div.; London Financial, 6to
prem., ex div. ; Imperial Mercantile, 11 to 1
prem., ex div. ; Hudson's Bay, 151 to 16 ; Otto-
man flociitif Otindrale, If to 1 prem.'
The quotations for the shares of some of
tie new companies are subjoined :—Metropoli-
tan District Railway', 81 to 91 prem. ; China
Steamship and Labnan Coal, to die. ; Rio
Janeiro Gas, 1 to 14 prem. ; West London Docks
and Warehouses, Ito 04 dim. ; Varna Rail-
way, 4} to 5 prem. ; South African Land and
Finance, to 1 prem. ; Atlantic Railway Deben-
ture scrip, 81 to 94 prem. ; South of England
Waggon, 1 to 11 prem. ; and Millwall Freehold
Land and Docks, 2/ to 31 prem., showing an im-
provement.

Foos o'CLocz.

Owing to the reduction in the Bank rate, coupled
with a large arrival of specie from the West Indies,
Consols are very firm, at 89i to for money, and
891 for the account. 32,0001. in gold has been sent
into the Bank.
The failure of Messrs. Bremner and Co., in the
East Indian and Brazilian trades, is announced
with liabilities amounting to about 150,0001.,
of which, however, about 100,000/. is secured.
It is believed that the liquidation will show
favourable results. The firm has been esta-
blished about nine years, and its immediate diffi-
culties have arisen through some recent failures,
but considerable losses have also been made upon
consignments to the East. The books have been
placed in the hands of Mews. Killingsworth and
Son, accountants.
Most of the railway traffic returns now in conies
of publication compare with the week preceding
Easter last year, and which consequently included
the holiday receipts of Good Friday and the follow-
Mt Saturday. The London and Smith Western
return shows a decrease of 4,4241. (compared with
last year) ; the Great Eastern, a decrease of 1,478/. ;
the Great Northern, an increase of 2,9061. ; the
Great Western, a
decrease of 2,1581. ; the Midland,
a decrease of 2,2931. ; and the London and North
Weems an increase of 3121.
At the meeting yesterday of the Home and Colo-
nial Ammeter, Company, the directors' report,
which recommended the payment of a dividend at
the rate of 6 per cent. per annum, free of income-
tax, was adopted.
It is intimated that the dividend on the share
capital of the Australian Mortgage Land and
Finance Company (Limited) for the year 1864,
at
the rate of 61. per mut? after deductioo of the pay-
merit on account made in August, will be payable
on the 3rd of April.
The allotment letters of the South African Land
and Finance Company were met out last evening.
We are requested to state that the share list of
the Isle of Wight Company (Limited) will be timed
on Tuesday next.
With reference to the market for American
securities Mr. E. F. Satterthwaite reports as fol-

lows :
We have to report • very active marksi in Loadoo dariss
the past west fee Ammiosn securities. with • very larr
business doing, some coaskleraide pun:bane betas mado
Anieriasn senesce, especially in Illinois shares, which hays
advanced from 55 to 61. Erie shares have bean freely takes
toe isuestmt, the low prices Wain paramour
have isaroeedeo from 132 to 36. traitod Rates 5.20 =
advanced to 58 co Monday. bat haws slaw bees ilatase.
owing to supplies by Csatisental holdersAO,
at 56j. An instesassi Wilma has hoes dome la the binds
se the Atlsatic sad Grog Weston Railroad.

WIDINSDAT EVISMINIL j
COII6OIII, which closed yesterday at 891 to 1 for
the dth of April, opened this morning at the same 1
quotation, declined to 99/, " sellers," and thence
to to 891 to 1, the elannu pries. For money the
last quotation was 891 to 4. The official businees
report is as follows :—Three per Cent. Consols,
for money, 89/, A,41.; ditto, for
sran.t. rot
Three per ree per Cents.
BM 1,4, 1 ; Lei ii've per
Cent. Stock, 105/, 1, 105 ; ditto Four per Cent.
Certificate% 981 ; Faure' Cent. "enlaced " rupee
Paßer, 88i•
The India Fire per Cent. Stock was firm, with
a fair demand. Exchequer Bills were quoted is.
to t = a fresh de-
ate
Bonds have experienced
cline of 1 per cent. • but, with this exception.
foreign stocks were inn, with a favourable ten-
d...y. Sardinian. Colombian, and Veneseela 1864
. Bonds improved I.per Mat ; Egyptian Beads of the
earlier issue, Russian Three per Ceuta., and