The Express.
London, England, 1865-10-05 00:00:00

MONEY MABILIIrr-(THIS DAY).

FRESH ADVANCE IN THE BANK RATE
OF DISCOUNT.
Two o'Cuoci.
The directors of the Bank of England, at their
weekly court to-day, have raised the mini-
mum rate of discount from 5 per cent.,
at which it was fixed as recently
as Monday last, to 6. This measure has again
taken the majority of the commercial public by sur-
prise, and the weekly Bank return, to be issued
this evening, is rather anxiously looked for, as',
likely to throw light upon the motives for the'
change.
The demand for money has been moderate, both
at the Bank and in the open market,
since the announcement of the kise in the
rate, ',and there is a good supply of
capital seeking employment. Nevertheless
cethe
lowest quotation for the best paper is 6 per nt.
The charge for short loans in the Stock Exchange
on English government securities is 5 to 51 per
cent.
The discount establishments now allow 41 pee
cent. for money at call, 5 to 7 days' notice, and 51 at
14 days' notice, showing an advance of 1 to 1 Per
cent. The joint stock banks now give 41 per oent.l
for money on deposit, being only 4 per cent. higher.
The London and Westminster, however, allow only
31 per cent. for sums below 5001.
The fresh rise in the value of money, being
generally unexpected,
has had a bad
effect upon the stock markets. The
id funds have fallen 4 per cent. ; and most
of the speculative foreign bonds, Ito 4. Home
railway stocks have likewise given way, and
the cheek extends to most other securities.
At Paris to-day, according to Mr. Reuter'a tele-
gram, the Three per Cent. Routes opened at
68fr. 30c., being 1 per cent lower than yesterday.
Consols are now quoted 881 to 89, both for
money and next Tuesday's settlement, and 891 to
1 for the new acoount. The official busi-
ness report is as follows :—Three per
dint.
Consols, for money, 891, 89, f, ditto
for account, 89/, 89; Three per Cents. Reduced,
871, 861 ; New Three per Cents., 87, 1, 87 ;
India Stock, 219 ; ditto Five per Cent. Stock,
1055, 104/.
Most of the speculative foreign stocks, including
Mexican,: Greek, Turkish Consolidds, Brazilian
scrip, and Spanish Passive and Certificates, have
fallen 4 to 4 per cent.
Some of the presentquotations are subjoined, viz.:
—Greek, 20 to 1 ; Turkish Consolidde, 481 to 49 ;
Spanish Passive, 291 to 4 ; ditto Certificates, 141 to
id it ; Confederate, 61 to 74 ; and Mexican, 251 to 26.
Transactions are recorded as follows :—Brazilisn
I Old Five per Cents., 95 ; ditto, 1863, 70, ex div. ;1
Dutch Certificates, 951, ex div.; Egyptian, 1864,
911, 90/, ex div. ; ditto 1001. Bonds, 911,1, ex div. ;
Greek, for account, 201, 1 ; Italian, 1865, 77, en ,
div. ; Mexican, for account, 261, 251, i ; ditto ,
1864, 25, 241 ; New Granada Deferred, 71 ;
Russian, 1862, 91 ; Spanish Passive, for I
account, 291 ; Turkish, 1858, for account, ,
71, 4 ; ditto 1862, for account, 744 ; ditto I
1001. Bonds, 741 ; ditto 1865, 45 ; ditto 1001.
Bonds. 451 ; Venezuela, 1864, 381, 38, ex div.
American securities are flat, and have experienced
a decline ranging from 1 to i percent. United
States 5.20 bonds are quoted 69 to 4 ; Erie Railway
shares, 60 to 4 ; and Illinois, 84 to 1.
International Financial shares are now quoted
1 5-16 to 7-16 prem. ; General Credit, 1/ to 21
prem.; London Financial, 8 to 4 prem. ; Imperial
Mercantile, 2 1-16 to 3-16 prem. ; Credit Fonder
and Mobilier of England, 41 to 4 prem. ;
Overend, Gurney, and Company, 61 to 1 prem.,
being rather lower ; and Hudson's Bay, 161 to 4.
The shares of Gale's Gunpowder Company are
nominally quoted 2 tot prem ; Allau'eTransatlantic
Telegraph, 14 to 11 prem. ; Transatlantic Stearn, par
to 1 prem. ; and London and Australian Agency, 1
to 11 prem.
The Essex has arrived off Falmouth from Port
Phillip with 483,0001. in gold, which is not expected
to reach Loudon for some days. The City of New
York, from New York, has also brought 45,0004
About 20,000 sovereigns were withdrawn from
the Bank yesterday fur Alexandria, making a total of
167,0001. for the week, but this includes 100,0004
for Ireland. On the other hand, 75,0001. has been
sent in in the same period.
The steamer Delta took yesterday 91 420/. in
,
specie, of which 29,0001. is gold for Alexandria,
1,1701. gold and 39,5001. silver for Madras, 20,0004
silver for Hong Rang, and 1,7501. silver for Penang.
The biddinv for bills on India took place yester-
day at the Bank of England. The proportions
allotted were—To Calcutta, 10,27,000 ra. • to,
Madras, 2,40,000 re.; and to Bombay, 8,00,000 re.
The minimum prices were fixed at Is. 111 d. on Cal-
cutta and Madras, and Is. 111 d. on Bombay.
Tenders on Calcutta and Madras at le. 111 d. will
receive in full, and on Bombay at 2a. about 29 per
cent. ; above these prices in full.
The London and North Western Railway traffic
return shows this week an increase of 7,2691. over
last year ; the Midland an increase of 1,2501.; the
Great Eastern an increase of 2331.; the Great
Northern au increase of 1,1971. ; and the Great
Western an increase of 1,7341.
There was a fresh rise yesterday of 75. 6(1. in Great
Western of Canada Railway shares, the traffic for
the week ending the 22nd ult. being reported by
telegraph to have reached 19,6151., or 6,5811. more
than in the corresponding week of last year.
A general meeting of the Continental Union Gas
Company (Limited) is convened for the 9th inst.,
when a dividend is to be declared.
The half-yearly meeting of the West Flanders
Railway Company is convened for the 26th inst. in
' Loudon, and the 31st at Bruges.
The share certificates of Warren's Blacking
Company (Limited) are to be ready for delivery
on the 6th inst.
Mr. Lewis 11. Haslewood has invited a meeting,
to take place at tbe London Tavern on Tuesday
next, of the holders of the " Bonds, stocks, and
shares of the United States of America whereon the ------
coupons, interest, or dividends are now in arrear ----_.URDER OF A SILVANT GULL ..- On Tuesday
arising from the late war and other calms." The M
object of tbe meeting is "to take into consideration mft4ll"" a protracted Inquiry into the death of a 64
nsmd Mary Darrell, daughter of a conrdsoler is Dudley,
the position of these securities, and to form a coin- wid brouslit to ,el 000 at tam, Fishlse Anibleoote. taw
mittee to represent and protect the common in- I liMurbridge. The deceased bore as meelleet chamber, sad
tenet!' The securities in respect of which this 1 was respectably cenoected
rvlee ;f Zavtrkeitio her death she 11.1
agitation is commenced are not those issued by the bees
Confederate government, but the bonds of Vir- I'm ,
thliviug to
. th
ol 'isie 27th of rmay,bashi'velitterhroistrueen.d:witlil
ginia, Louisiana, Tennessee, North and South Caro-
lina, Georgia, Mississippi, and the various railways cll. 'There were braise. on the heed sod body, rebid renDa'ae.yv"hrotarsgo her body Bbodwayrbrldwasgefoced fate Stmithvidgie
and banks in those Suttee, the whole representing was much decomposed. I
nirbarttt bdtiVinleelacianumt ry
a very heavy amount. Moat of these are securities e i. Fit°
d awa °II
Dm tat."urine. of the b Wes had been aimed by
of old standing, the dividends on which had been i:."l"Disrie t dieted beton. dee*, and it wes belitieed that
received with regularity for 20 or 25 years, ale II 041°U2t1 head had Manua the girl before the body
but have fallen into arrear for the last three or found its way into the mush The jury found • verdict to
four years, owing to the civil war. These stocks, the effect " That the deoseeeduske. wr wilfully murdered by
for the most part, are well held, and it is a point ileum Pomo
in favour of the creditors that the owners in not a . D Yls°7
ressb ,__,__Plirslorusili.„l3.—.°d _ farmer Tll___,eidaypotlem 7G,sir'li,,,.:
few cases are Americans. The time has arrived in: awing einte7f7: ..170;.‘",r,b77;1%,,,, of ....ill,
for urging a return to the old footing, and if the &ate.. gheig.ig, and u.sofssisie. Rainy. Ha ems° to
indebted States should stipulate for an arrangement ' the ;statics drunk. sad sineoltod the statioe-meatee WY
for funding the arrears of dividends, it is probable aelasheree4l. After the airsle.,,hLwee___,..e dt_so_.._thelnee,,
that the creditors would be disposed to meet them 'el a tnlia had to h• delayed ofd Dauilt:Zireat7l7,7l,.."
half way. 1 a was baud 'Ywg seen
e ' gst been Mlowed to o on
, is 110 b • positioa that the trete
ame
be
be f d
Iv
WEDNISDAT EVEII9O. ' hh2ritt haw
n. the this Ids bad even
pampa.
Consols, which closed yesterday at 894 to 4 for
1301CIDZ AT A RAILWAY STATION..-41 man was
next Tuesday's settlement, opened this morning' Remit deed early yesterday Men* is One of the abets of
at the same quotation, and so closed. For mousy the Vitoria Railway Mattes, lleaalese:yerily
sittlieeititLAl-
the lasts price was 89 to 4, and for the Bth specter. As empty laudanum
November, retain
891 to 1. The official bud- the probable cause of death. He wan sot base's. 11K-170
PI ad as labourer, sad bed bushy, reddish whiguirs.
new report is es follows :—Three per Cent. The met ma mead Sage's a . heti& wen mleard., twin
=:or money, 891, 89, 1; Three per Cents. iipivati boos amputated some time ego, rashly sits
87, 4 ; New Three per Cents., 874, soma sesiisN. t•• o •