The Express.
London, England, 1865-05-26 00:00:00

MONEY MARKEr.-477118 DAY.)

Two o'Cwci.

The dock markets are again better to-day, owing
to the dill drooping tendency of the rates
of dimwit. The fonds have risen i to
per cent., and some of the home railways
*to f. Foreign stooks are little affected, except
ITurkieh Bonds of 1858, which have advanoed.
The Government broker has to-day purchased for
the sinking fund 15,0007. Reduced Three per Cent.
stock. .

The discount market is quiet to-day, with a large
amount of money seeking employment, and few
bills offering. The general rate for the beet paper
is 31 per cent., with exceptional transactions at
31. The charge in the Stock Exchange for short
loans on English government securities, is 2to 21
Per

oent
At Paris to-day, according to Mr. Reuter's
telegram, the Three per Cent. Reutes opened at
67fr. 45c., being about 1-16 per cent. better.
Consols are now quoted 91 to 4, with div., for
money, and 891 to t, ex div., for the account
(June 8). The official business report is as follows:—
Three per Cent Console, for money, 901, 911,91; ditto
for acct., 891; Three per Cents. Reduced, 881, 89;
New Three per Cents., 88/, 1, 891 ; New Two-and-
a-Half per Cents., 74 ; India Five per Cent. Stock,
1061 ; and Exchequer Bills, 2e. prem.
A. regards foreign stocks there is • decline of
per cent in Greek and Mexican, but an im-
provement of in Spanish Passive, in Turkish
Bonds of 1862, and as much as 11 per cent. in those
of 1858. Someof the present quotations are annexed,
viz.:—Greek Bonds, 20 to 1 ; Mexican, 241
to 25 ; Confederate, 9 to 10 ; Spanish Pas-
sive, 301 to 3L; the Certificate+, 16 to
; Turkish Bonds of 1858, 714 to 724 ; ditto,
1862, 73 to 74 ; ditto, Consolid4e, 481 t 049, ex div.
Transactions are recorded as follows :—Brazilian,
1863, 811 ; Danubian, 81; Egyptian, second
issue, 1001. Bonds, 961 ; ditto 1864,
931, ; ditto 1001. bonds, Tll ; French
Three per Cent. Rents, 67fr. ; Greek, for
account, 201 ; ditto Coupons, for account, 8 ;
Italian (Maremmana Railway), 704 ; Mexican,
for account, 251, 244 ; ditto 1864, 244, 24 ;
Portuguese, 1856, die., for account, 484,
; Russian, 1862, 91, 901, 4, ex div. ; Spanish
for account, 481 ; ditto New Deferred, for account,
404 ; ditto, Passive, for account, 31. 1, 301 ; ditto
Certificates, for account, 161, 16; Turkish, 1854,
for account, 901 ; ditto 1859, for account, 71, 72 ;
ditto 1862, for account, 731, 1, I; ditto 1001. bonds,
731 ; Venezuela, 1864. 38.
The scrip of the new Ottoman Loan is quoted 21
tn 2 dis.

International Financial shares are now quoted
11 Zo g prom. ; General Credit, 11 to
prem.; London Financial, 61 to 7} prem.; Imperial
Mercantile, 1g to prem. ; Credit Fonder and
Mobilier of England, 3k to prem., ex div. ;
and Egyptian Trading, 1k to Oi die.
The quotations for the shares of some of the new
companies are subjoined :—Metropolitan District
Railways, 9k to 101 prem. ; Moscow Gas, 1g to 1
die. ; Russian Iron Works, G to 7 prem. ;
Anglo-Egyptian Navigation, 4k to 1 prem. ;
Varna Railway, 9i to IU. prem. ; Ottoman Com-
pany, 1 to lg prem. ; Liou Brewery, 3} to g prem.;
Northern Assam Tea, old shares, to It prem. ;
ditto New or B, 1 to lg prom ; Peruvian Railways,
11 to n prem. ; Plymouth Shipbuilding, 41 to St
prem.
The A stock of the Metropolitan Extension
Railways of the Laudon, Chatham, and Dover
Company is quoted 3k to 4 prom., and the fully
paid up 4g to 5 prem.

FOUR O'CLOCK.

Owing chiefly to a decline in the foreign ex-
changes, Consols have receded per cent., being
now quoted 901 to 91, with div., for money, and
891 to a, ex div., for the account. Nevertheless,
131,0001. in gold has been taken to the Bank, and
the demand for money is moderate.
The directors of the Bank of England, according to
custom, did not meet yesterday till two o'clock, but
in about half an hour afterwards it was announced
that the minimum rate of discount bad been re-
duced from 4} to 4 per cent. This is the opposite
movement to that made on the 4th inst., when a
rise from 4 to 41 per cent. was notified. The
variation of per cent. is of little practical import-
ance, except in so far as it dissipates the apprehen-
sion lately entertained in some quarters that a
higher value of money was probable. The directors
have doubtless been guided almost exclusively by
the weekly return of the Bank, which shows an in-
crease of 275,3:)51. in the coin and bullion, and of
720,4401. in the reserve, accompanied by rather
decided indications of a falling off in the Bank's
discount business. . .

In Use Stock Exchange money was Abundant,
and loans on English government securities were
very little wonted, though offered at 2 to 2/1 per
omit. for short periods.
The half-monthly settlement in shares and foreign
stocks will commence to-morrow (" continuation
day), and end on Tuesday.
The bills were returned yesterday of Messrs.
Dirom, Davidson' and Co., an old ard respectable
house in the East India trade at Liverpool. The
Liverpool Journal of Commas says the liabilities
are from 120,0001. to 150,0001., the deficiency
being about 35,0001., and that the books of the
firm are placed in the hands of Messrs. Harwood
Banner and Sons, accountants.
A meeting took place yesterday of the creditors of
Messrs. Rimington, Cartwright, and Co., East
India men:theme, of Leadeuliall-street, when it was
resolved that the estate shall be wound up under
inspection, although an offer was made to the repre-
sentatives of the various banks in London holding
the bills of the house to pay 50 per cent. at once,
and to give promissory notes, payable in six months
for the rest. The partners estima'e their liabilities
M 200,0001., and their assets at 270,0001., but these
figures may hereafter be altered by an official
accountant. The corresponding firm in Bombay is
Messrs. Leckie and Co., the partners in which—
young men—are said to have entered into many of
the recent speculations there without the know-
ledge of the senior members in London.
The prospectus of the Dublin Trunk Connecting
Railway Company is issued. This undertaking
is incorporated by act of parliament, obtained last
session, and has a very respectable direction, the
Right Hon. W. Monad', M.P., being chairman,
and the board comprising two directors of the
National Bank, the chairman of the National Dis-
count Company, and Mr. W. T. Mulvany, late
Commissioner of Public Works in Ireland. This
railway will connect the Dublin and Kingstown
Railway at Saudymouut with the terminus of the
Great Southern and Western Railway near the
Phoenix-park, Dublin. In explanation of the
objects proposed it is mentioned that this milway
Will form a direct ootomschatios Mamma the Midland
Gnat Western, sad the Dula sad Kingstown
sad It will io like manner directly wave* th• Grath
Southern and We
Ath the Diddle mid Drogheda
Railway, and will become Um math route for on the
amide hatwrws the northers and soothers tarts of Irs-
usd ; It will thee sot poly be a antiurban omnibus Its. for
toricali Dublin, bet it will wimpy ramarirablii sal
insides that the whole al Ma istarchasgs WIG
listirose the grist musk Sam otemagiagrn Duhlial=
Aft Dahlia mid Drogheda sad Northers Uses, the
Oval Waters sad Militia mid Reath Railways, sad It.
Gnat BOUtilifil sail Waters Railway), togiabor with its
Mims& %silk es them lines to sad from Soaked, mid
Ski Male la mods sad mieerele with the docks and her-
law al% of seermity, pass own the whole or some part
si