The Express.
London, England, 1848-06-08 00:00:00

COMMERCIAL & MARA'ETS.

MONEY MARKET Sr CITY INTELLIGENCE.
Two o'Clock—Consols further improved this morn-
ing, on the announcement, in the Daily News, that
the Bank of England was making advances on
bills of exchange, public, and other approved
securities, at the rate of 3 per cent. per annum,
for a certain period, probably to the middle of next
month, when the dividends are being paid out. This
is considered to be almost tantamount to a reduction
in the minimum rate of discount, which still remains,
however, at 4 per cent. It is clear that advantage will
be taken in many quarters of this measure, for to
merchants, for example. loans on the 'deposit of bills
of exchange will amount to die same thing
less the restriction as to time, but with the superior
economy of the 1 per cent. difference of charge as
discounts. The measure will have the effect of drawing
away some of the bill and loan business from the banks
and discount-houses, which have been doing well
upon A per cent. lees charge than the Bank of
England rate, unless, indeed, they shall make a
further and proportionate reduction in their terms. Con-
sols ruled, until past mid-day, at 814 to -; for money,
but are now 4 lower. Reduced Threes, 82 to
Three-and-a-Quarter per Cents., 83; to .2. Ex-
chequer Bills, 335. to 375. premium. Bail Stock,
191 to 3.

We have scarcely any alteration in foreign securities.
Dutch Two-and-a-Half per Cents. are better, at 421 to 31;
the Fours, at 624 to 34. Spanish Fives, 12 to ;
the Threes, 22i to 3 ; Passive, 31 to Z. Portuguese,
16 to 17. Mexican, 15 to 1. New Grenada, 111 to
121. Equador, 1Z to 21. Peruvian, 32 to 4. Bra-
zilian lower, at 66 to 9. Danish, 64 to 8. Venezula,
16 to 19. Russian, 86 to 9.

KNOLISIi FUNDS.
Dank Stock, 131 3 I
Cl. 87 le" 34i
I
3 per Ct. Rod. Mine., P2l 1
3 per Cl. Cone. Ann.. 844 1 1 exchequer lath. 33a to 36e. prem.
1. Oittltill FUNLe.
5 per Ct. Au.trian 130111,. 1 per Cent. Grenade Die.. 111 12.4
it per Ct. Heig. Donde. 58 62 Grenada Deferred Rat, 24 f
It per Cent ditto, 30 5 6 per a Mexican, 1846, 16 *
3 per Cr.. Brazilian lids., CG 9 6 per Ct. Peruvian /Ws.. 11 4
Ditto New, 13 S fortutiticeit Oonr. 13.1.,., 16 11
4 WttCo'Cgi'llennu'Bl._ 73'2'. 26 3 ail', ) ep.`brlil.".:.l2-1
D.tto Colweli. D.X. Mi. 3 per Ct. Spanish nun, 124 3
I
Cleo kquad..r /3.11....1i 21 tipteish I.h.terre 1 De.--
3 ice Ct. lhuilith Die.. CA 8 IMO. PWIVO Itly , 31 4
2i pp, ce. Dutch 11.1,, 424 3. Spar Cl. Veneruela 13 ii , 1419
i' ..,..tuels. leeferrel Dep.,43 61

y vCi.-uut n Cm*l..

RAILWAYS.—Shares are rather firmer today;
North Staffords, at 23 dia.; Great Northern, 93 to i
die. • Brighton 31 to 1, ; Eastern Counties, 141 to
good. '
French shares better held.
SALES EFFECTED UP TO TWO THIS DAY IN LONDON.
( Yesterday's prices will be found In last page.)
Caledonian. 31 Midland, 101
Eastern Counties, 141 Norfolk Guar. 34 per Ct., 4/
Do. New Guar., 6 per Ct., 31 North British Halves, 9i
E. Lincolnshire, 2/1
Great Western, b 0 Not =oVialiire 10
Do. Quarters, 131 Shrews. & Bir. Claim B,
Do. }Haw, 21 South Eastern, No. 3, 13
Do. New 171. sh., 7 i York, Newc., & Derwuk, 32
lances. & Yurksb. Halves, 361 Do. Esters. No. 1 i York lit New.
Lon., Bright., & ti Coast, 311 castle), 171
Lon. & N. Western, 123 Do. No. 2 (New*. & Bee.), 11:
Do. Fifths, 71 York and North Mid. Prof., 111
Do. 101. sh., M. &B. (A), 9 Northern of France, 41
Do. do. (C), 31 Chinos and Bordeaux, lj
Man, Bus., and Matlock, 1 Bonaire and Meow, 4
LEEDS BALES, Jars r.
E. Lancashire New, ;1.65. 3d. d I N. Western, 71.25. 11 d
Do. Prof., 3 p N. British Think% 455. 4
Mahon and Driffield In., 7 d West Biding Union, 70.. d
YORK SALES, I ors 6.
Great Northern, 5/. 14s. 124. i York, Newc., and Der., G. N. E.
iYork, Newt., and Ber. No. 2 Purchase, 9/
(late New lietwieke), lit