The Express.
London, England, 1865-07-27 00:00:00

MONEY MAKKETe--(213I8 DAL)

ADVANCE IN no BANK RATE OF
DISCOUNT.

Two o'oam 1:
The directors of the Bank of England, at their
weekly court to-day, have fulfilled the
general expectation, by raising the rateof discount,
but the advance is limited to It per cent., the mini-
mum being now fired at 31 per cent. The stock
markets are consequently steady. The funds
remain at yesterday afternoon's prices. The
quotations for foreign stocks are fairly sup-
ported. An unfavourable impression has been
produced in the railway market, however, by the
announcement that the dividend of the Lancashire
and Yorkshire Company is to be at the rate of only
5 per cent. per annum. This company's stock has
consequently fallen 11 per cent., and a reduction,
varying from to I per cent., has taken place in
several of the other principal lines. The fort-
nightly settlement in shares and foreign stocks is
in progress and will be completed to-morrow.
In consequence of the alteration at the Bank,
the discount establishments have notified an ad-
vance of per cent. in the rates allowed for de-
posits, the terms being now fixed at 21 per
cent. at call, 21 at seven days' notice, and 3 per
cent. at fourteen days' notice. The joint stock
banks will also allow 24 per cent. for deposits,
instead of 2, as hitherto.

At Paris to-day, according to Mr. Renter's tele-
gram, the Three per Cent. Rentes opened at
Mr. 52c., being sc. lower than yesterday after-
nooo.

Consols are now quoted 891 to 90 for
money, and 90 to 1 for the Bth of August.
The official business report is as follows :—Three
per Cent. Cone°ls, for money, 90, 891 ; ditto,
for account, 90 ; Three per Cents. Reduced, 891,1;
New Three per Cents., 891, ; Annuities (Red
Sea Telegraph), 141 ; India Five per Cent.
Stock, 1041 ; ditto Four per Cent. " enfaced"
rupee paper, 89 ; ditto Five per. Cent., 1021 ;
ditto Four per Cent. Debentures, 100 ; ditto Bonds,
23e. prem.
Foreign stocks are steady. Spanish Certi-
ficates have improved I per cent., and there
have been some inquiries for Turkish Con-
solid& Some of the present quotations are
subjoined, viz :—Greek, 201 to 211 ; Turkish
1858 Benda, 73 to 74 ; ditto 1862, 721 to 731 ;
ditto Consolidda, 491 to 1 ; Spanish Passive, 281
to 29 ; ditto Certificates, 131 to 14 ; Confederate,
71 to 81 ; and Mexican, 231 to 24. Transactions
are recorded as follows ;--Brazilian Four-and-a-Half
per Cents., 1863, 79 ; Buena; Ayres Six per Cents.,
85 ; Dutch Four per Cent. Certificates, 99 ; Chilian
Four-and-a-Half per Cents., 781 ; Egyptian Seven
per Cents., 961 ; ditto 1864, 941, 931 ; ditto 1001.
Bonds, 941 ; Greek Five per Cents., for account,
211 ; ditto Coupons, 8/ ; Mexican Three per Cents.,
for account, 24 ; Portuguese Three per Cents., 1856,
471 ; Russian Five per Cents., 1862, 921, 1 ;
ditto, Passive, for account, 281, 3 ; Swedish
Four-and-a-Half per Cents., 1864, 271 ; Turkish
Six per Cents., 1864, 94 ; ditto, 1858, 74, 73e ;
Turkish Five per Cents., 1865, 441.
International Financial shares are now quoted
/ to 1 pm., ex div. ; General Credit, 11 toll prem. ;
London Financial, 61 to 7 prem. ; Imperial Mer-
cantile, 11 to 11 prem., ex div .; Credit Foncier and
Mobilier of England, 3/ to 31 prem., ex div. ; Otto-
man Socidtd Gindrele, 21 to 3 prem. ; Hudson's
Bay, 151 to 1.
The nominal quotations for the shares of some
of the new companies are subjoined :—Atlantic
Telegraph preference, / to 1 prom. ; Peruvian Rail-
ways, 3 to 5 prem. ; Hop and Malt Exchange,
21 to 31 prem. ; Hodges' Distillery, 21 to 3 prem. ;
Anglo-Greek Steam, 2to 3 prem. ; General Ex-
change Bank, 21 Ito 1 prem.; London-bridge Land,
to prem. ; Massa-Carrara Marble, 11 to 21
prem. ; and Marseilles Extension Railway, 11 to 21
prem.
Metropolis Sewage shares are quoted 7 to 8
prem. ; and Overend, Gurney, and Co., 21 to 21
prem.

Fors o'CLors.
Consols close at 891 to 90 for money, anl 90 to
I for the account (Aug. 8).

There are no shipments of specie by the steamer
Ripon for Bombay.
The dividend on the ordinary stock and new
ordinary shares of the Metropolitan Railway Com-
pany is officially annonnual at the rate of 7 per
cent. per annum, against si per cent for the corre-
sponding period of last year. The balance carried
forward is 3,4001.
' •

-.-
The Consolidated Bank, at their meeting held at
Manchester yesterday, out of an available balance of
61,8121., declared a dividend and bonus for the half-
year at the rate of 15 per cent. per annum, and
after placing 10,000/. to the reserve fund there
remains a balance of 6,812/. to be carried forward.

The following is the report of the directors of the
Joint Stock Discount Company (Limited), to be
submitted at the fourth ordinarytgeneral meeting
on Monday next :
1. It is with great satiefactioe, considering the difficulties
which bad to be surmounted in connexion with the meat
sod protracted commercial crisis, that the directors find
themselves enabled to present a statement of accounts
showing gross profit of 54,0731. 16s. 3d., inclusive of
3,2434 20. lid. brought forward from UM account. After
dedoctiog the rebate of interest on bills not due and the
current expenses the Wailes has been appropriated for the
payment of a dividend at the rate of 6 per cent. per annum,
or 6e. per share, carryieg forward 6,573/. 4s. 7d. to profit
and loss new account. 2. The directors have era said. an
amount es provision against low in respect of bad debts
which they oursider will be amply sufficient for the pur-
pose. Of the amount of the company'. claim against the
Leeds Basking Company more than 10s. in the pond has
been already received, and there is no doubt of the entire
amorist bei, with interest. 3. Mr. Joseph Bravo
and Mr. H.V.. ng
V East have been elected to fill the vacant
seats at the board canoed by the retirement of the late Mr.
T. W. Henderson and the death of the late Mr. J. H. IL.
de Castro.
The second ordinary general meeting of the Gas
Products Utilizing Company (Limited) is called
for the 2nd of August, to declare a half-yearly
dividend.
The third ordinary meeting of the Star and
Garter Hotel Company (Limited) is called for the
sth of August, when a dividend is to be declared.
The report of the directors of the United King-
dom Electric Telegraph Company (Limited), to be
submitted at the fifth ordinary annual meeting on
the 29th inst., describes the additional works com-
pleted since the date of the last report, and now in
operation. The directors express their regret at
their inability, despite their most strenuous endea-
vours, to make the shilling rate remunerative.
While abandoning it, however, they call attention to
the great advantage, in point of general abatement
of telegraphic charges, which the public have gained
through this company's operations. They state
that the present charges hold out "a fair prospect
to the proprietary of a moderate return for their
investments."
The Electric and International Telegraph Com-
pany have resolved to recommend to the proprie-
tors, on the 4th proximo to confirm • dividend of
4/. 10s. per cent. for the last half-year.
The first ordinary general meeting of the share-
; holders of " Day and Son (Limited)" is called for
the 28th inst., when a dividend is to be declared.
A special meeting of the English and Australian
Copper Company (Limited) is called for the 3rd of
August.
A special meeting of the shareholders in " Hal-
comb and Company, Sack Contractors (limited),"
is called for the 10th of August, to alter the arti-
cles of association, by fixing the general meetings
for August instead of February, and by prohibiting

the directors to invest the company's mosey in

own shares.
The secretary and liquidator of the Imperial
Sugar Refining Company (Limited) has convened a
meeting for the Bth of August, to report upon the
progrem of the winding-up.
The preparations for to-morrow's settlement yes-
terday showed very light rates of " 000tinuotion"
on British railway stocks Some of the quotations
are subjoined :
Great Fasten
Gnat Nwhere
Dittoo "A " -16 ttoo 341
Gnat Witten

Lancashire and .
Yorkshire..
London sad North Wasters...
_

Manchester, Sheiliald, and
Linooln
Metropolitan
Ditto Districts
Midland
North &dem : Berwick
Ditto Leeds
Ditto York

South Pattern

E.O.
i te a ,t

1-16 to 3-16
to If
3-16 to 5.1 ~ 1
3-16 to 5-16 „
3-16 to 5-16 „
t to f
to
eves to "

An official memorandum informs us that "the
shares in Samuel Bestow and Co. were allotted
this day, and early possession of the works will be
taken.'
We are requested to state that the share list of
Hodges' Distillery Company (Limited) will be
closed on Wednesday next, the 2nd August.
It is also announced that the subscription list of
the Massa-Carrara Marble Company will be closed
on Monday next, the 31st inst., both for London
and the country.
With reference to the market for American secw.
rides Mr. E. F. Sattertbwaite reports as follows :
We have to report a doll and declislag market is Leedom
foe Ameriems securities during the past weak. Tlua has
bees induced partly by shipments of stock received from
America, and partly by sales on coadnental account, when
markets have been very Sat, sad almost daily declining.
United States 5.20 Beads have given way to 70, Illinois
shame to 88, and Erie to 524, sad from these Foists there has
been only a slight reaction in 5.20's end Illinois, while for
Erie we note during the last few days an active inquiry,
maoy parties appearing as buyers on the expectation of •
good dividend, m•d deeming present quotations low for •
line having such large receipts ; they close very strong at 54.
The subjoined is from the tea circular of Messrs.
Richard Gibbs and Co., dated July 25 :
The arrivals and &perigees silencer last are as follows :
—Arrivals at London : Countess Russell and Ormadisr.
Departures from London : Sydney Eggers, for Beog Kong ;
Anglo-Saxoe, and Dilkhocsh, for Shanghai. The general
election has tended to interfere with the tisensad from the
country, and the past fortnight has bees marked by unusual
&deem, nevertheless, public sales "without reserve" eo•-
tione to be brought forward, and usually remit is a decline
is quotations. The supply of teas has recently bees
large, mid has afforded a good selectim both to the home
trade and to shippers ; on the whole NSW have been freely
made and rates fairly maintaieed. Seested tees generally
are more inquired for, sod better rates attainable. Reports
of the opening of the market at Hsnkow are somewhat cos-
tradictory, but it would appear the new mot-lags are coining
forward at a east of 2s, 401. to 2s. sd. laid down here. The
Childers, with 1,250,00011 u. tea, is reported lost coming out
of the river kin.

WEDNESDAY EVIZING,

Consols, which closed yesterday at &Cie 90 for
the Bth of August, opened this morning at the
same quotation, and closed at 90 to 4. For money
the last price was 891 to 901, and for
the September settlement 90} to 1. The official busi-
ness report is as follows :—Three per Cent. Con-
sols for money, 90, Nl, 90 ; ditto for account,
90 ; Three per Cents. Reduced, 89k, ; New
Three per Cents., 891, 1 ; ditto Two-and-a-Half
per Cents., 71} ; Exchequer Bills, par, 4s. prem. ;
Bank of England Stock, 248, 246 ; India Five pew
Cent. stock, 1041, 1 ; ditto Five par Cent. " en-
faced " rupee paper, 102} ; ditto Four per Cent.
Debentures, 100, 4.
Indian government securities were steady. Ex-
chequer Bills remain quoted par to 4s prem.
Foreign stocks were generally firm. Brazilian
Old Five per Cents. rose 2 per cent., owing to the
approaching re-establishment of diplomatic rela-
tions between the English and Brazilian govern-
ments. There was also an advance of 1 per cent,.
in Equador Bonds, }tol in Egyptian, in Spanish
Three per Cents., in the Passive and Certificates,
and in Italian and Turkish Bonds of 1862.
The closing (but in many cases nominal) quota-
tions for shares in new undertakings are sub-
joined :—Atlantic Telegraph Eight per Cent. Pre-
ference, to prem. ; Metropolis Sewage, 7to
8 prem. ; Overend, Gurney, and Co., 2/ to #
prem. ; Hop and Malt Exchange, 2to 3 prem. ;
Parkfield Iron, 1 to 2 prem. ; General Estates,
3 to 4 prem. ; General Exchange Bank, 11 to
21 prem. ; London and Mediterranean Beak, 3
to 4 prem. ; Peruvian Railways, sto 6 prem. ;
Accidental and Marine Insurance, 1} to 2} prem.;
Hodges' Distillery, 2} to 3} prem. ; Anglo-Greek
Steam, 2to 3 prem. ; London Bridge Land, to f
prem. ; Railway Credit, 1 to 2 prem. ; Marseilles
Extension Railway, 1} to 2} prem. ; Glamorgan
Iron and Coal, 2i to 3} rem.;p Insurance Cor-
poration of Great Britain, 11 to 2 prem.; Phosphate
of Lime, 2} to 3} prem. ; Massa-Carrara Marble,
1} to 2} prem.
• The appointment of a settling day in the shares
of the Blakely Ordnance Company has been followed
r by a remarkable movement in the price. Trans-
. actions took place to-day as high as 10 prem., and
the closing quotation was 6} to 8} prem.
Canada, Ceylon, and New Brunswick Govern-
ment Debentures were rather more offered. Cape
of Good Hope were inquired for.
United States 5.2/3 Bonds closed at 70 to 4, being
r steady.

MINE -{THIS DAY.)

Two oTtocx.

The mining market to-day is active. There is
a good demand for Wheal Clifford. Great Wheal
Vor, and Chiverton shares. West Caradon
and Great North Laxey are also inquired
for. Below are some of the present prices :
Wheal Clifford, 281 to 271 ; Great Vor, 331 to 344;
Great North Limey, 335. to 37a. 6d. ; West
Caradon, BtoB4 ; Chivarrou, to 4 ; West
Chiverton, 75 to 77} ; Chiverton Moore, 3 to 34;
East Rosewarne, Si to a.
As regards fa and colonial mining shares
there is little or no business.