The Express.
London, England, 1865-06-02 00:00:00

1.266 lilt
266 406

e,fil6

MONEY MARKET.—ozza Dam

Two o'Creoz.
The dock markets to-day are very steady, but
business shows no revival. Many member of
the Stook Exchange ate absent a► Epsom.
The funds remain at yesterday's quota-
tions, being supported by the oontinned ease ,n
the money market. As regards foreign stocks,
the changes consist of a fall in Spanish Passive and
Certificates and a rise in Greek. Two or three of
the home railways are somewhat better in prix.
The discount market is quiet to-day, and, as a
large amount of money is seeking employment, the
tendency of the rates is rather downwards. The
quotatioi for choice bills is 34 per cent. The
charge for short loans in the Stock Exchange is 24
to 3 per oent.
At Paris to-day, according to Mr. Reutees
telegram, the Three per Cont. Routes opened at
67fr. 47c., being about 1-16 per oent better than
yesterday.

Consols are now quoted 891 to 90, ex div., both
for money and the account (June 8). The official
business report is as follows :-Three per Cent.
Consols, for money, 891, 90 ; Three per Cents.
Reduced, 891, ; New Three per Cents., 891, ;
and India Five per Cent. Stock, 103/, 1041, ex div.
Spanish Passive Bonds have fallen 1 per cent.,
and the Certificates 1. Greek Bonds, on the
oontrav, have i:nen 1 rnd Mex;cren 1
per cent. Other foraika stocks are quiet.
Some of the present quotations are annexed, viz. :
-Greek Bonds, 211 to ; Mexican, 244
to 1 ; Confederate, 7 to 9 ; Spanish Pas-
sim, 311 to 32 ; the Certificates, 16 to
; Turkish, 1858, 721 to 731; ditto, 1862,
74} to 1; ditto Consolid6s, 481 to 49, ex div.
Transactions are recorded as follows :-Basi-
lian, 1863, 81; Egyptian, 961 s ditto, 1864, 94f,
94, 1 ; Greek for account, 214, ; ditto Coupons,
for account, 84 ; Italian scrip, 34 die. ; Mexican,
for account, 241, 1 ; Portuguese, 1856, rho., for
account, 49 ; Russian, 1822, 911 ; ditto, 1850,
90 ; ditto, 1862, 911, 901 ; Spanish, for account,
481; ditto New Deferred, for account, 41;
ditto Passive, for account, 321, 311 ; ditto
Certificates, for account, 161, ; Turkish, 1858,
for account, 734 ; ditto, 1862, for account,
741; ditto, 1001. bonds, 75, 741; Venezuela,
1864, 461.
The weekly return of the Bank of France shows
an increase of 184,0001. in the coin and bullion,
and a decrease of 40,0001. in the bills discounted.
International Financial shares are now quoted
11 to f pram. ; General Credit, 11 to
prom.; London Financial, 71 to 1 prem.; Impede
Mercantile, 24 to prem. ; Credit Fonder and
Mobilier of England, 31 to 1 prem., ex div. ;
Ottoman Socidti Gdndrale, 21 to 3 prem. ; and
Egyptian Trading, 11 to 1 die.
The quotations for the shares of some of the new
companies are subjoined :-Mehropolitan District
Railways, 101 to 111 pedm. ; Moscow Gas, 11 to 1
die. ; Russian Iron Works, 7 to 8 prem. ;
Anglo-Egyptian Navigation, 41 to 1 prem. ;
Varna, Railway, 91 to 101 prem. ; Ottoman Com-
pany, 1 to 1 prem.; Lion Brewery, 21 to 3} prem. ;
Northern Assam Tea, old shares, per to 1 prem. ;
ditto New or B, to 1 prem.
The A stook of the Metropolitan Extension Rail-
ways of the London, Chatham, and Dover Com-
pany is quoted 44 to f prem. ; and the fully paid,
41 to 54 prem.
Notice is given that the application list for the
new issue " B" shares in the Noi;.hern Assam Tea
Company (Limited) will close to-morrow (Saturday)
for London, and on Tuesday, the 6th instant, for
country subscribers.
So low a rate of discount as that agreed to yes-
terday by the Bank of England has not been
known in this country for two years, viz., since
May, 1863. Below we give a complete list of
the variations which have taken place in the Bark
rate since that period :
BANK OF ENGLAND RATE OF DISCOUNT.
May 16,1863...... 311 per et. JuDe 16, 1861 6 per et.
Mal 21. „
Nov. 2, „
Nov. 5, „ 4 „ Spt. 8. „
Du0.,.......7 Nov. ~
Des.
Des. R.
Jac. iliac_ „ Jana& 1845 54
Feb. 11, ~
Feb. 25. „
4961 16. .. • • ••• 7 Marrli"~
May 2, „ ...... 8 " May
21) „
1147 91 is •••• 9 et Kg . It
May 19, „
May 86, ..
It is now becoming a question of importance as
to whether the fall in the value of money will cane
any important revival of trade. Thus far there is
little indication that this will be the cue. The un
certain condition of the trade with India, and the
fear of further embarrassments iu that and other
quarters, will probably continue to operate power-
fully as an incentive to caution in mercantile
circles. At the same time there is as yet no sign
of that revival of business with America which has
been generally looked fur as likely to &lend the
restoration of peace in that country.
The Eguatorian Commission of Agency have
given notice that on the sth of June they will pay
a final instalment of 2e. 7d. in the pound to the
holders of certificates issued by them in exchange
for the 12th coupon due the Ist November, 1861,
representing the claim of the holders of Ecuador
bonds to the sum recovered from the estate of
Messrs. Gutierez and Co., of Guayaquil.
About 25,000 sovereigns were withdrawn from
the Bank yesterday for Portugal.
The steamer America, from New York, has
brought 86,0001. in specie. The Parana, from
Brazil, has reached Lisbon, with 10,365/.
The steamer Tasmanian, for the West Indies, will
take to-day only 4561. in specie.
Messrs. Foloher, Cooper, and Co., East India
merchants, of Liverpool and Bombay, have stopp: d
payment, and theirliabilities are stated to be rather
considerable. The failure is understood to have
been caused by that of Masers. Woodhouse, Ker-
rich, and Co., in the same trade, which was an-
nounoed on the 26th May. Both firms are agents
to the East Indian Underwriters' Association, and
their difficulties have arisen from the same cause,
viz., the extent to which advances have been made
against produce, chiefly cotton.
A telegram reeeived in London by one of the
Indian banks, and dated Bombay, May 31, makes
DO reference whatever to the rumour noticed

Charcoal Company, the Ottoman Company, awl
" Bimpeon's (Limited)."
An extraordinary general meeting of the Leaden
and Brazilian Bank will be held at the Leads&
Tavern on Friday, the 9th June, for the pairpswe
of confinning the special resolutions pawed at the
meeting held on the 11th ultimo.
The meeting of the Tyne Iron Ship %Mimi
Company (Limited), convened for the lath of Jess
is to be made special, "for the purpose of colisidar-
iog the position of the company, and the desirability
of its entire reconstruction ; and to take such actin
as may be deemed advisable by the shareholders."
The ..anual meeting of the South Anstraliaa
(Land) Company is convened for the 31st of Jima
A &mere' meeting of the Channel Islands Tar
graph Company (Limited) is called for the 27th of
June.

A call of 11. is to be paid on the shares of the
Singapore Gas Company (lArnit4xl) by the 21st d
June.

The return of the Bank of England for the week
ending Wednesday, May 31, compared with that far
the prtv;ous week, shows the following changes :
Oironlation ions 018,569,375 Iscnrin 8580,018
elonlation ....... *910,595 Lamm 49,40
Pablio deposit. 8,71 ;,848 Immo) 709,743
Other deposing
Government neenritias Is
banking department 11,480,025 lacteal, 496,58*
Othersoaaritown banking
departanant
Coin and Whoa ha both

dapirda;a6s ---
16,08,491 Taaresie 539,221
&vac day sad other MIL 511.1103 harm.. ANS
The Bra &MAI" Pea.'" "PK

Notes in meet se
Total reserve (oottr. &coil))
in Wale( fispirtrosat 9,577,1196 lamas, 490,5411
These figures indicate a rapid increase in the re-
lourese of the Bank, and explain the reduction is
the rate of discount. The addition to the ovens-
meat and private depoaita is no less than
1,077,3141., and as the increase inc the private
securities is only 103,9641., the increase in the
reserve would have been very large indeed, were it
nut that the Bank has increased its dwn stook of
government securities by nearly half a million. In
spite of this measure, however, the addition to Use
reserve is nearly half a million, and the total hell
is now no lees than 9,577,8961. The coin and bul-
lion continue to accumulate rapidly, the precool
weeks increase of 539,2231. raising the aggregate te
nearly sixteen millions.

DAD d Of ZWOLAND.—An A
and Bth Via. a 1111. lot Ike week
1803.

Iroef. lama siiTtiag,

1.19,60).316'

L 001311121 yttesusat to the Ad TIM
abaft cm Wedomeday, May 11.

E2i,107,376

minas la
Plopriekea' Capital C 14,614,000
HsL 1,1110,279
1 41.41.1).P.fai4 (I°-

;Lib4
Bev. /Make. Com-
.

Tali'. Ila*local
Debt, and Div
Aocoente)
Other Depoette 11.910.431
Seven day end other
lelps SHAN

/40,41.111

Juno 1, WU.