The Express.
London, England, 1856-05-22 00:00:00

MONEY MARKET.-THIS DAY

Two o'CLooi.

The Book Directors today have abolished the 7
per cent, charge for long dated paper, the minimum
rats being now fixed at 6 per cent. The measure, how-
ever, has not prevented an unfavourable reaction of
per cent. in the funds. Consols were quoted in
the morning at yesterday's closing range of 941 to
for the 4th of June, but have since receded to 911
to 1. For money the present price is 941
to f. The Scrip of the New Loan, after
being marked 21 prem., has relapsed to 1/ to 2 prem.
The Three per Cents. Reduced have been dealt
in at 93 to 1; the New Three per Cents, at
931 to 1; The New Two.aad-a•Half per Cents
at 781. Bank Stock at 2161 to 2161; Exchequer
Bills, March, at Is, to 2i. prem.; ditto, Jane, at 2e. to
le. dis.; Exchequer Bonds at 981 to / ; and India
Bonds at 6.. to 2e. die.

Foreign stocks are in all cues firm. Turkish Six
per Cents. are quoted 981 tot ; and the Guaranteed
Four per Cents. 1021 to 1. The sales include
Mexican Bonds at 231 to 1; D apish Three per Cents.
at 84 to 1; Portuguese Four per Cants., at 511;
Spanish Old Three per Cents., at 481 to 1; and the
Committee's Cectih., at 8 per cent.

The oommittee of Spanish American bondholders
have as yet made no sign of an intention to convene
a meeting of the holders of Buenos Ayres bonds,
with reference to the proposals just made by the
government of that republic. It is whispered that
upon the question of calling a public meeting the
committee is equally divided.
The Indemnity has arrived from Port Phillip with
7.387 ounces of gold on freight, worth about 29,4001.
The Derwentwater and the Indian Queen have also
arrived from Hobart Town, but are not known to
have any gold on freight. The dates in each case
are old. - . .

--
The corn market yesterday was rather flat,*ovriog to
the fine weather, but an inquiry on French account
tends to prevent any actual decline in price. Scarcely
any floating oargoes have arrived off the coast for
some days past. The country markets held on Tuesday
were flat. In the French markets the late rise has
received a cheek. _ _

The Perim Omnibus Company has just held its
general meeting. The dividend was fixed at 20f. per
1500 f. share, for the ten months during which the
company hu been in operation. This is in addition
to the 261. which hu already been paid as interest.
The directors were authorised to sell new shares on
the bourse to the extent of 200,0001. The shares of
this company stand new at about b9of.
The Admiralty have accepted the undermentioned
ships for the conveyance of stores, viz., The Catharine,
for Gibtaltar • Panic, for Rio Janeiro; Commodore,
for Sierra Leone; Lotus, for Cape Town; Invincible,
for Hong-Bong; lillenborough, for Sydney; and the
Director, for Qaeben. The Liamoyne has also been
accepted for the conveyance of troops to Hong Kong.
The half-yearly dividend on the Swedish Four per
Cent. Provincial Mortgage Loan is duly advertised.
Relative to the market for American securities,
Mr. E. F. Satterthweite reports as follows :

Americus secarttles have attraeted very huts attention in Landes
during ths past weak, and quotations remain without any important
change.
------ - - - - -

We are informed that a sum of 5,0001. has been
subscribed in equal proportions in London and Liver-
pool to send out a steamer charged to search after
the ship Boomerang, homeward bound from New
Orleans for Liverpool, which wu abandoned at sea
some weeks ago. The Boomerang has since been
sena by pacing vessels. Her cargo of cotton is esti-
mated to be worth some 60,0001.
Subjoined are the latest quotations of insurance,
canal, and other misoellaneous shares, as given in the
last Stock Exchange List:
ISIIITS4OII Shares :—Arres Life, 23 ; Albion, 87; Atlas,
181; Alliance, British and Foreign, 17$ es div.; ditto,
Marine, 43 ; Chnreb of England, 31 ; City of London, 2i,
County, ILO ; Croft., 18i ; end Low, 61; Berop•an
Life, 181; Baslish sad Scottish Law Litt, 4i. j; Globs,
104; Osaeral, 6i ; Guardian, 641; lademnity Merkur, 84;
Imperial Life, lgi ; ditto Fun, 340; London, 29i; Legal
sea Genttal Ls% 61 ; Law Life, 61 ex ; ditto
Fire, 33; Marine, 01 ; Medical, Invalid, and Nand
Lite. ?Saltines; Provinefal Lit. 11 viite Fire, 1$;
Frovidont 38$; Palladium Life, ; Yeitaen, 40$:
Book Life, 8i; Gonad Kingdom, 41,6; Mos, 300; 1/Le-
to/la Life, 6s.
Canal Shares : Ashton sad Oldham, 145; Birmingham,
92; Derby, 84 ; Grand Junctian,37}.4o; ditto Guar. Six per Cent, ; Mousse and Ayes, 6i ; Leeds and Liverpool,
486 i ; Lounhbovoaeh,66o; leiceettr, 49i: Miceli geld, 61;
Oxford, 104; Stafford and Wannest, 420; Steurbridgo,
290; Peak Forest, 78; Regent's, 16i; Rochdale, 76;
Warwick and Birmingham, 26; Warwick and Nepten,
10; Worcester and Birmingham, 21; WWl' and Bi rks, 4s.
Gas and Coke Companies: Brighten, 13; Great Centrar,
111 ex div.; Imperial, 90; ditto New, 265, 27; London
Parliamentary Preferincio, 26 ; Phmais, 401 ; Ratcliffe (201.
ohares-161. p.id), 16; Surrey Cossumen, 11$; United
Guerel, 20; Westminster Charts/0, 67i; ditto New, ;
ditto Western A, 74.
Waterworks Stocks: Best London, 120; Berns, ;
Meat, 80; Southwark and Vauxhall, 89i; West Middlesex,
100; ditto N.w, 3 prem.
Bridge Companies: Hangerford, 8,71 ; Vanalual, 201;
Waterloo, New 71. Annuities, 26.

WIDITUDAT EVINU4O.

The funds, though retaining much firmness, were
quoted slightly lower this morning, the recent rise
having induced further realisations. The reduction,
however, did not exceed I per cent., and in the after-
noon there was a sudden advance, the closing quota-
tions being fully / per cent. above the best rates of
yesterday. The market thus closed ibis evening at
the extreme point of the late rise. This improvement
was chiefly occasioned by a report that the long-ex-
pected abrogation of the 7 per cent. charge in respect
of bills having between 60 and 9 days to run is
likely to be decided upon by the directors of the Bank
of England at their weekly meeting to-morrow. The
public expectation upon this point has been so fee-
-1 qeently disappointed during the last few months,
that the report has been generally received
with considerable caution in commercial circles,
but many well-informed parties were inclined this
afternoon to attach credence to it. It is certain also
that the money market today was sensibly easier.
With the completion of the government loan opera-
tion, and the return of the large mass of surplus do-
posits, a very free supply of money has come into
the market, and thus in Lombard-street and else
where first ohms bills could have been discounted to-
day to any extent at a slight reduction from the
Bank rates.

Consols for the 4th of June ranged this morning
between 911 to 1, and 94 to 1, and suddenly ad-
vanced towards the claw, being last quoted 94 9.16
to 1. For money the last price was 941. The official
baguet report is as follows: Three per Cent. Con-
sole, for money, 941, 4,4, 3; ditto, foe account, 4th
Inge' 941, 1,1, 1. Three per Cent. Reduced, 931,
921, 931, 921. New Three per Cents., 931, 1,1, f.
Long Annuities, expiring io January, 1860. 3 3-16;
Thirty Years Annuities, April, 1885 (Loin of
18,000,00 W.), 17 3-18. Bank Stock, 215, 214.
India Stock, 230, 232. Three-and.a-lialf per Cent.
Exchequer Bands falling payable in 1858 and 1859,
981, 98 . India Buda, 34. dia. Consul Scrip (New
Loan), 1, 11, 11 prom.
The scrip of the new loan was dealt in during the
greater part of the day at 11 to 11 prem., and was
quoted at 4 o'clock 11 to 2 prem.
The market for the Boating debt is decidedly
firmer. The June Exchequer Bills, the notice for the
renewal of which is shortly expected, have risen to
44. to la. dia., and the March Bills to 22. dice to la.
FExchrquer Bonds continue firm, at 981 to 3.
oreign stooks were firm, with a fair gezeral busi-
ness.
Lombardo-Yenetian Railway shares closed tc-chy at
81 to 81 prem.; and General Bank of Switzerland at
1 tot/ prem.
Bank of Egypt shares have recovered to 3 to
prem. Ottoman Bank closed at Ito 11 prem.; and
National Discount at Ito dia. Bank or Australasia,
ICity Bank, and Bank of London stooks rose severally
IL, but Oriental Bank was again lower. London
and Westminster Bank stock was dealt in at 481 to
491, and London and County at 421 to 3. Lead
shares were quiet. Southampton Dock shares ware
dealt in at 41 to 1; General Screw Steam at 131 to
14 (ex 21. retuned); and New South Wake Five pee
Cents. at 97.