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

SONNY MAllKEre—allla DAL)

Berm &ay mad other Wile 195411 Ismoese 39,959
The aiNs mows Lacrosse 391
Natio is reserve
Wel reservoiseese It )
be baskisdeoorteasst 7,725,574 Demme 669,186
The setaee revival of the demand for money is
shown by the increase of 1,216,91891. in the private
securities, and as this is only partially made up, so
far u the Bank is concerned, by the increase of
414,0301. in the government deposits, and of
94,0101, in the private deposits, the reserve has
diminished to the extent of 868,1864 This move-
ment has doubtless contributed ohisdy to the ad-
vance made to-day in the Bank rate of discount
The decline in the coin and bullion amounts to only
74,8211., notwithstanding the recent withdrawals
on account of the New Ottoman Loan and for the
National Bank of Belgium.

Two o'Cloolt.
The stock markets to-day are quiet, and, in the
abloom of active business, little change hes occurred
in prime. The funds remain dull, at the reduction
which took place yesterday. Foreign stocks ar
also dull, with the exception of a recovery of 2 per
cent. in Confederate. Home railways are generally
firm, with • fair demand.
The discount market is still quiet, with moderate
transactions, and a good supply of money. The
rate for the best bills, however, is not below 41
per out. or equal to the Bank minimum. In the
Stock Exchange there is more money seeking em-
ployment, but the rate for short loans on English
government securities is maintained at 4 per cent.
At Paris to-day, according to Mr. Reuter's
telegrams, the Three per Cent. Benter opened at
67fr. 40.3., showing no change.
Consols are sow quoted 901 to 1, both for mousy
and next Tuesday's settlement. The official bad-
ness report is as follows :—Three per Cent. Con-
sols, for money, 901, 4, 4 ; ditto, for account,
901, 1 ; Three per Cents. Reduced, 881, 4, ;
New Three per Cents, 881, 4, ; New Twoand-
&-Half per Centre, 721 ; Bank Stock, 240, 242 ;
India Stock, 215 ; ditto Five per Cent. Stook, 1061,
4, ; Five per Cent. " enlaced" rupee paper,
1021; and Exchequer Bills, 6a., 3a., die.
Confederate Bonds have risen about 2 per cent.,
while Turkish Consolidds have declined 1. Other-
wise foreign stocks are almost without movement
Some of the present quotations are annexed,
via. t—Greek Boods, 204 to 21; Mexican, 261 to
; Confederate, 14 to 16 ; Spanish Passive,
304 to ; the Certificates, 161 to
; Turkish, 1858, 70 to 71 ; ditto,
1862, 714 to 724 ; ditto Consolidds, 521 to f.
Transactions are recorded as follows :—Bratilian,
1863, 81; Danubian, 824 ; Egyptian, 96 ; ditto
second issue, 1001. Bonds, 96, 951 ; ditto,
1864, 924 ; ditto 1001. Bonds, 931, 1 ;
Italian, for account, 641, f ; ditto
1865, 721; ditto scrip, 44, f dis.; Portuguese, 1856,
he., for account, 484,48,4; Russian, 1860, 86; ditto,
1862, 901, ex div. ; Spanish, 471; ditto Certificates,
for account, 161, ; Turkish, 1862, for account,
721; ditto, 1001. Bonds, 721, 73 ; Venezuela, 1862,
for account, 40, 34
The scrip of the new Ottoman Loan is quoted 11
to 24 prem., being about the same as yesterday.
International Financial shares are now quoted
15-16 to 11-16 prem.; General Credit,ll to 1 prem.;
London Financial, 61 to 74 prem. ; Imperial
Mercantile, to 11 prem.; Credit Fonder and
Mobilier of England, 31 to 1 prem., ex div. ; Hud-
son's Bay, 151 to ; and Egyptian Trading, 14
to OI dis.
The quotations for the shares of some of the new
companies are subjoined :—Metropolitan District
Railways, 9 to 10 prem. ; Varna Railway, 8 to 9
prem. ; Moscow Gas, par to 1 prem.; Russian Iron
Works, 31 to 44 prem. ; Anglo-Egyptian Navigation,
34 to 1 prem.; Plymouth Shipbuildiog,l to 14 prem.;
Ottoman Company, 1 to 11 prem. ; and Lion
Brewery, 1 to 14 prem.
The last previous alteration in the Bank rate of
discount took place on the 30th of March, when
a reduction from 41 to 4 per cent was announced.
Since then the coin and bullion have declined from
' 15,358,999/. to 14,679,9741. (as shown in last night's
return), being a difference of 679,0251, and the
reserve has declined from 10,057,6791. to its present
amount of 7,726,5741., being a difference of no less
than 9,331,1010. The Bank accounts for the week,
analysed below, show a reduction of only 74,8211.
ha the coin and bullion ; and the directors,
in taking action yesterday, seem therefore to
have been chiefly influenced by the week's
reduction of 669,1861. in the reserve, and by
a general review of the course of the Bank's
amounts during the last live weeks. Nevertheless,
there is as yet no sign of any radical change in the
condition of the money market, the immediate in-
filmdom pointing to a healthy state of affairs.
Until very recently the produce market was unna-
turally depressed, and, the fear of further failures
rendering merchants unwilling to embark in fresh
transactions, the discount market was unhealthily
stagnant. The prospect of peace in America has
latterly imparted s better tone to the produce
markets, and has caused an increased demand for I
accommodation, both at the Bank of England and
elsewhere. It is suggestive of confidence to re-
mark, however, that the rise in the prices of pro-
duce does not seem to have as yet gone so
tar as to attract from abroad supplied' large
'sough to derange the exchanges. Should
the action now taken by the Bank of
Inland have the effect of protecting our market
against withdrawals of bullion for State loans and
other foreign purposes, the commercial public will
have no reason to complain of the conduct of the
directors in fixing the rate of discount at the still
moderate point of 41 per cent.
About 61,0001. in bar gold was sent into the
Bank yesterday. Nevertheless, there is still a de-
mand for exportation, and on Wednesday and
yesterday some amounts have been taken for Bel-
gium at higher prime.
The Mediator, from Port Philip, has brought
8,0001. in gold, and the Edinburgh, from New
York, 2,6001.
The produce markets have assumed a quieterap-
pearance, owing partly to the rise iu the value of
money.
The Stock Exchange Committee have appointed
Tuesday next a special settling day in the shares of
the Darjeeling Company (Limited), which are to be PROVINCIAL na-gil MARKETS.
marked in the daily lista. The Committee have
also ordered the shares of " Bolckow, Vaughan, tinimisaaarAj 4.-":4l,ll;d2yaadoa V-Gre:VvV:unikait.
and Co. (Limited)," and of the London and Lisbon nil I ii silt I Maropoinies, IST 4-e-Didlend, halm s-
eek Wood Company (Limited) to be officially Tote lee
estern r A6:14. 1,72. g. iird.nLeki_inliznorion. 45.1=
quoted—the former in the daily, and the latter in Nadi Rhenish, at p.-.neat siZelegoet. lot 9.16 946 f Dm-
the twine week list federate Loma, it if f-united Metes LID Wadi, 66-lent of
The North Eastern Railway traffic return shows un2i'l 61S-Nan°7:
this week an increase of 1,7161. over last year ; the western Rank (I.liLtech;Bt p.-Royal 121-Ditto 7 per oink.
, Manchester, Sbeffleld,'and Lincolnshire, an increase 118-Union Reline (Lintitlia), If p.-iritish Shipowners, d.
of 1,000/. ; and the Lancashire and Yorkshire an -National %a, a sect halm, bat
increase of 1,0331. primes did not close quite at the Itoe4. Bokkow, Vaughan.
The annual meeting of proprietors of the lonian Cat
fclriejrb.i..itaii,
1624. -.C4Canuesn and Co. (Ltinited). 1 p.--
E-tireat LaseashowiL
Bank I. called for the 26th inst. 11-16-Oreat Northern A,l=Western, s
An extraordinary meeting of the London Dock ceetrid.__Mtiou Brows sod oO.2.lfellireOell;:leiteeehir•
Gravinadre Isar-
g Dock Company (Limited) is called for the •a,MY(6=a;.ll,l._taam purth wes Caledoafas
tern
12th inst., to confirm the resolution passed on the Manchester, Sheaddotad
_Uncolmhbw, 611 - MON Per
18th ult. for a voluntary winding up. Pefereace, 91-MiOropolatea, ir I f-Ditto New 11111410-
don. I 646 • 1641 M Ditto, hew M. shares.
It is notified that the coupons of the certificates 2 0.15 p.-N el" yore sad srta, ft sm-seats passim sits s-
of debenture of the Atlantic and (heat Western Themes and Maser Milne Imareace (Limited), 6 United
Railway due the 15th inst. will be paid at the 840:=6:„Vetb,,,limdak ;„15=alisiww44_Donra 1646-ejsitilkom..
Consolidated Bank, and must be left two clear days isn, mo-Inteois 7 per cast. Ikeda (11116), 66-IDechemn
for examination. examination. thus act-London, Chatham. mad Dow, 411-Inrness.
gas Pm* Wk.
It appears that the " letters of regret" of the Boannewatt, Mar 6.-The merles of badness dose today
Lion Brewery Company (Limited), being very were r follow t-Oreat Western West Midland O
Nlrminsbsas
dord woes
numerous, cannot be sent out earlier than to-morrow.
We are requested to state that the share list of
teed
the Zante Petroleum Company (Limited) will be '44 ParMe Wagon, ea: ditto, third tune,
CguaeneTianithiMegtinitolLniaartishirm. iiid.Jopinrmt Moe,
skiafflanord.hfrok, 10 prer..sa.m.:
dts. and Waterwerks Owen O. Great Western
closed to-day (Friday). stoat qa d IM. Wien; WAWA Derby, Nal. milers
Mr. Thomas Fenn and Mr. B. E. Kennedy have' 11_s. tnil 'et' 61
"en irmgaihadmi BankiDS
been elected to the vacant Nate in the committee fri BI:w= pesder=el', per to 1-15 area;
of the Stock Exchange. Wolverhampton Water...94a stelaralie if and Mantas SfeaL
The return of the Bank of England for the week I fle• Before of I/Mee Company eau. am
ending Wednesday, May 3, compared with that for Pn'atems, Mir ft -Three per Oent. Calais. tellw
aoeosst, er Le: Mee
the previous week, shows the following changes : re •
tltoeh es,sYosal
seek, New ti:47.14%. cid), f-Ditto foe
Circulation home £28,506,015 Decrease Kew account WI I-National of (Limited) (IR paid). 174
Otradation eative.-.- 21,003,400 Increase 594,366 -Ditto for wont, 17}--aersi Pt Pala). IN 31--ereat
Public depasiti 6,712,415 femme 414,011 Soetbere mad Western (DIM iff-MMlead (Meat Olt
Other Airmail . 14,069,280 Lamm 94.010 iel paid), feif DODS. Misidew;ialrlfsestord Me per Oast.
110•161.11 ND Domfkkos 'I
ILOdollnable (paid in tea liereesermt.Bll.
Weft met 10964,441 No drags.
4111herosbaddna I It is in contemplation to extend ffie steam-packet
depertmen. t
communisation Delman &ethers and Loam Africa sad
Qtly and in both
--taents

BANK 01 KNOLAND.—*e A
sad Kb Via. o. 111, lot the west

Notes braid

ets,socas

lAMBI D
Pe Wert CaPitel 414, e43,aeo

Pabbo Deposlis (In-
elaelleg
Bs,. Beaks. Comp
=le of Natiosal
Debt, sad Ms
Amounts)
Mbar Deposits 3009,280
lieeso dew sad other
Dills 418,011

Lettoost moor, to the ♦et7tt
soda( as Wedatodoy, Mat 11,

PARTIMIT.
Goverment debt.. 511,016,100
Other eseretties
Odd crib Azad td-
Ike 111,11110,016

atamois

rfsNININS
Govssusseat Wm-
Ades (Including
Deal Weight An-
nuity)
Mar Neesinies 20.27407
poi 6,94616
Geld sad Either
Cele BSLISSO

8311.266.12
4. UAL

118.1184.12
W. WWl.* Chia Crain.

TIOISDAT Eviinna.
Consols, which closed yesterday at 904 to 4 for
next Tuesday's settlement, opened this morning at
the same quotation, end closed at 904 to 4. For
money the last price was likewise 901 to 4, and
for the Bth of June, 90 11-16 to 13-16, the " con-
tinuation" being to 6-16 per cent. The official
business report is as follows : —Three per Cent.
Consols, for money, 904, 4, ; ditto, for account,
90i, 1, ; Three per Cents. Reduced, 881, 4,4, f,
• New Three per Cents., 8814, 4,4, 4; India Stock,
2174 ; ditto Five per Cent. Stock, 107, 104 ;
ditto Bonds, 19a. prem.
The India Five per Cent. stock was rather flatter.
India Bonds were dealt in at 19s. prem. Exchequer
Bills were dull at 3s. to 6s. prem., being Is. lower
than yesterday.
Confederate Bonds show a recovery of 1 per cent.
There were also inquiries for Spanish Passive and
Certificate% which improved 4. Turkish Cense-
lidds, which closed yesterday at 52 to 4, fell this
morning on renewed speculative sales to 511 to 4,
but afterwards rallied to 524 to 4, showing an ad-
vance of 1# to f per cent. on the day. Other foreign
stocks were dull. Peruvian declined Ito 2 per
cent., Russian of 1882, 4, and Egyptian, to 4.
Mexican Bonds were firm.

Bank shares, on the whole, were dull. A redno-
tion was quoted in Bank of Queensland, Conti-
nental, London Bank of Mexico, London, Buenos
Ayres and River Plate, National Bank of Liver-
pool, and South Eastern Bank. Ottoman Bank
shares have fallen to 51 to prem. There is an
increasing desire on the part of the shareholders in
this undertaking to learn from the directors their
reasons for refusing to co-operate with Mr. Laing
in the Turkish financial opantion now upon the
market On the other han an improvement took
place in Agra and Malterman's Bank, London
Joint *Stock, London and County, and Merchant
Bank shares.
Hudson's Bay shares were last quoted to-day
154 to ; Egyptian Trading, 11 to 0/ dia., being
again lower ; National Discotmt,_ 104 to prem.;
Joint Stock Discount, 21 to 11 dia. ; Ottoman
Societ6 G4ndrale, 24 to 21 prem. ; and Milan Im-
provements, 3 to 4 prem. Australian Mortgages
Electric Telegraph, Rio Improvements paid up, and
Trust and Agency of Australasia shares, were in-
quired for. Contract Corporation have again de-
clined, and are now quoted 41 to 31 dia. on 51. paid.
Natioual Steam shares were also quoted lower. The
shares of Hewett and Co. (limited) were steady at
to Pram-
The shares of the financial companies were
heavy, and, in most cases, declined about 24. 6d.
The closing quotations are annexed, viz. :—lnter-
national Financial, 1s to 11 prem. ; Gemmel Credit,
11 to 2 prem. ; London Financial, 61 to 74 prem.;
Imperial Mercantile Credit, 1 to 11 prem. ; Credit
Fonder and Mobilise (both old and new shares),
31 to 1 prem., ex div.
The closing (but in some eases nominal) quota-
tions for shares in new undertakings are sub-
joined :—Metropolitan District Railways, 9 to
10 prem. ; Rio de Janeiro Gas, 1 to 1} prem. ;
South African Land and Finance, 14 to 2 prem. ;
Anglo-Egryptian Navigation, 34 to f prem. ; Ply-
mouth Shipbuilding, 1 to 11 prem. ; Lion Brewery,
11 to 14 prem. ; the Ottoman Comy, 1 to 11
pram. ; Russian Iron Works, 3to 31p rem. ; Lon-
don and Mediterranean Bank, 1 to 2 prem. ;
Chichester and Mulhurst Railway, Ito 2 prem. ;
and Balmgate Silk, 1 to 2 prem.
United States 5.20 Bonds show a fresh decline
of 3 per cent, closing at 631 to 64. Atlantic and
Great Western Railway Debentures were last
quoted 88 to 90.
The Emigration Commissioners have engaged the
ship Electric for the coaveyauce of passengers to
Adelaide, 8. A.