The Express.
London, England, 1865-10-02 00:00:00

MONEY MARILET.-(THIS DAY).

RISE IN THE BAN
DISCOUNT K OF ENGLAND RATE
OF .
Two dew=
The directors of the Beak of England have to-
day raised the minimum rate of discount from 41 to
5 per cent. This fresh upward movement is stated
to be quite warranted by the present position of the
accounts of the establishment.
The stock markets are fiat, owing to the further
advance in the value of money, but the reduction
in prices is not very important. Consols show
chief heaviness, and have declined 1 per cent.
Foreign securities are also lower in some instances,
but English railway stocks and financial shares are
mostly quoted the same as on Saturday.
The discount establishments now allow 4 per
cent. for money at call, 44 at seven days'
notice, and 4} at 14 days' notice, showing
a rise of } per cent. in each case. The joint
stock banks have also raised their terms for deposits
from 31 to 4 per cent., with the exception that the
London and Westminster give only 3 per cent. for
sums below 500/.
There is a good demand for money, and the
lowest charge for choice bills is 5 per cent. The
rate for short loans in the Stook Exchange on
English government securities is 4 to } per cent.
At Paris to-day, according to Mr. Renter's tele-
gram, the Three per Cent. Rented opened at
681 r. 52c., being Sc. lower.
Console are now quoted 881 to 89 for money,
and 89 to 1 for the account (Oct 10). The official
business report is as follows :-Three per Cent. Con-
sols, for money, 891, 4, 881, 89; ditto, for account, 891,
89 ; Three per Cents. Reduced, 87},4, 864 ; New
Three per Cents., 874, 864 ; New Two-and-a-Half
per Cents., 71} ; Bank Stock, for account, shut ;
and Exchequer Bills, Is., 5a., 6s. dis.
Foreign stocks are flat. Confederate Bonds
have receded } per cent. ; Spanish Passive, 4;
Mexican, 1 ; and Turkish Consolides, 4.
Italian
are also somewhat lower. Some of the present
quotations are subjoined, viz:-Creek, 204
to ; Turkish Consolidda, 491 to ; Spanish
Passive, 291 to 1; ditto Certificates, 141 to ;
Confederate, 6} to 7} ; and Mexican, 261 to 4.
Transactions are recorded as follows :-Bra-
zilian 1863, 691, 1, 'ex div. ; Chilian, 1011,
ex div. ; Dutch, 611 ; Egyptian, 951 ; ditto
1864, 921, ex div. ; ditto 1001. Bonds,
921, ex div. ; Greek, for account, 201 ; ditto
. Coupons, for account, 71 ; Italian, 1861, for ac-
• , count, 634 ; Mexican, for account, 27,
4, 6}, ; ditto 1864, 261, 251; New
Granada, 144 ; ditto Deferred, 71 ; Peruvian,
1865, for account, 741 ; Portuguese, 1856,
ko , for account, 464, 1 ; Russian, 1862,
921, } ; Sardinian, for account, 751 ;
Spanish Passive, for account, 294, 30 ; Turkish,
1858, for socoOnt, 711 ; ditto 1001. Bonds, 751 ;
ditto 1862, for account, 731, 4 ; ditto 100/. Bonds,
75, 74; ditto 1865, 444 ; Venezuela, 1864, 381, 394,
ex div.
The scrip of the new Brazilian loan is flatter, at
31 to 4 prem., while the Erie Railway loan has ad-
vanced to 31 to 1 prem.
United States 5-20 Bonds, and Illinois Railway
shares are rather lower ; the former are now quoted
691 to 70, and the latter 851 to 1. Erie are called
60} to 61 ; sad Atlantic and Great Western Deben-
tures, 871 to 88}.
International Financial shares are now quoted
If to prem. ; General Credit, 2to 1 prem.;
London Financial, S to prem. ; Imperial
Mercantile, 2 to 1 prem. ; Credit Fonder and
Mobilier of England, 4} to 1 prem. ; Overend,
Gurney, and Company, 54 to a prem. ; Hudson's
Ray, 164 to 4.

If
die

-p

Fors O'CLOCK.

Consols remain flat, at 88i to 89 for money, and
89 for the account. About 30,0001 in gold has
been sent into the Bank, and 17,000 sovereigns
withdrawn for Alexandria.
- •

-------
At the Bank of England the demand on Satur
day was so much larger than usual as to eon.
firm the belief that many persons are borrowing
greatly in excess of their actual requirements, by
way of providing against a possible further advance
in the rate, a result which these opera-
tions, if persevered in, may possibly hasten. The
feeling of doubt which has arisen is apparently
caused to a great extent by the revival of the cotton
speculation. Enormous transactions are now taking
place at Liverpool, and, besides creating a large
MASS of bills for discount, seem likely to lead to
exports of bullion. During the next few days the
course of the cotton speculation and of the silver
market will be watched with increased attention.
The advioes from Melbourne announce the ship-
ment for England during the mouth of August of
428,0001. in gold, so that the total on the way'
hither, including the amount shipped in the pre-
vious month, and still at sea, is as much as
1,324,0001. 483,0001. is fully due.
Subjoined is a report (from Mr. Slaughter's
Weekly List) of the railway calls falling due in the
mouth of October. The total is beyond the
average :

Amount per Share.
Number
Dee be Oct., 1866. Date. Add. Can. of Shares. Amount
last Indian J nztenston 10 16 60 0 66,000 £.t25,000
Great Eastern £lO 6 per
cent. prat
Great Northern New
Stock. 136
Great Western 6 per
cent pref., UM
Impede' Modem 3 7 30 0 136,060 405,060
Worth Lantern Dar-
to n 1856-63 t 20 0 31,3 4400
North flaffordehlre New
6 per cent Stock
Baliebury and Dorset
Junction
South Yoritildre Otter
LEO batted at e prem.

2 0 0 SI,WO

196,00

Ti 210 0 16,000

177,500

41,000

14 60 0 .1:06 town.

Total In October

~.. Z 1,410,360

Two o'Ctocs.
The mining market is steady to-day, with a fair
amount of business. Great Vor shares are now
=I 33i to 34} ; Kist Lovell, 15} to 16} ; East
, 28 to 30 ; St. Day United, Se. to 7s. 6d. ;
South Coodurrow, 3 to i ; West Caradon, 9 to 10 ;
East Caradou 11 to } ; Wheal Grenville, 31 to
il ; East Grenville, 31; to i ; Lady Bertha, 124. 6d.
to 15s. ; and Great Laney, 20 to 21.
Foreign and colonial mining shares are inactive.
The subjoined weekly report with reference to
the metal market is from the circular of Meosn.
von Dadelazeu and North :
We have at last to report a decidedly improved leery'
is the metal market ; operators begin to act more freely,
sad the least apetalative demaad would cause a deeded
improvement is ones. The thermos io the rate of dio-
cese' has not initheaced metals to any extent. Iros :
Welsh have sad rails contithe in good demand ; for the
former 7/ is the nearest rinotatios. Staffordshire &scrip.
tions are firm and I. fair doomed. Scotch pig iron, after
touching ails. Gash, bee give" way to 53a. 3d. amper :
Smelters bath booked several orders for nosonfactured, and
there are Modesties' of a steadier demand. For tough fagot
sad tile them are free be,y_era at 85L, sad best select has
changed Mad' at 861. IDs Foreign deserted/es are steadier -
Barra, 90/ ; Wellaroo, 891. ; Chili in Liverpool. 761. 10s:
Amount called In ten months of 18ee .. ... 612,08 nee 'lle : A very harp buzioess bas been does derieg the whole
An extraordinary general meeting 'of the ___ of,the weak et mreduelly advanciog prices, closing very Barn,
5..114`7, • with bays for Straits at Olt cash, and 921. Omit. 'Beath
holders of the London and Mediterranean DULL has advanced to 941. In Hollsod, .M., with • steady
(Limited), is called for the 16th of October, 1 market. Zoglish tie is math firmer, aad the mindere will
To 000 sider an sgreemeet, bearing date the 7th thy of not sell soder Sit for common egols. Tie plates are very
September, 1865, sod made between the London sad Bombay , firm, with ea gel. comma
The makers are full of
Bank and General Fiemicial Insurance Agency Corporation orders for the wit two or three months. Load : A good
(Limited), of the one part. and the London and Mediterm- 1 buries' has boss done, and the gawks% is moth firmer.
than Beak (Limited), of the other part, for the eels ea Good soft &relish, 191. to 191. se. ; LB., 191. 10s. S
peter:
1 transfer of the business and property of the Lardoe and , Very little Weems has been done i Nyemarket is V :
Mediterranean Bask (Limited), to the Lando. wed Bombay few spot parcels have changed hoods at 211. 10a., at why
th
Beek and General Financial tesureoe Agency Corpora. , there are sellers for forward delivery. Special brands in
lion (Limited), and for accamtiag payment for the make in : Nall held at 211. 15e., while catheary brands
have been
shares of the lathnemed coronary, and for the amelgesea- , dose at 21/, 7e. 6,1. for October sad November delivery.
tion of the two companies 'tope the teems mentioned is the I
said agreement. -, I •-•-•--=----"-------
GOAL MARKET.-(THIS DAY.)
Accompanying the notice of meeting the annexeta Walls Bad South Notion, 20a. 9d. • Walls Lod East
circular boa been forwarded to the shareholders: ' Hartlepool 90e. 6d.:_ Walls Bed itirikeiel. 20a. 6d. ;
London mad Mediterressaa Beak (Limited/. I Wale End'Braddyls Mitten, 110 s. 341.• Wails End Rowell
I Hottoth, 19.. fid. ; Walls Zed South Kenos. 20a. ; Walls
9, Kisg's Al=i• ileargate-gtv"t' I Bed II ogit Hall. 20s. • Walls Zed Ceradoe. 20s. ; Walla
Sir,-Ia geodes, you the accompanying
E. 0., Sept. 27, 1665. e .
Doom 47. ' Bed Hello*. 19e. 9c1.; Walls End Geeforth, 19a, ; Penalise
traordinary general molting for the 16th October proximo, Primmer 16A-61 ships at market, 23 at sea.
lam desired by the directors to lateens yen that the objects ,
they bad chiefly I. view in promoting this amalgamation ,
were, to reduce the individual liability of the shareholders ,
la this beak, and to strengthen their position by a union '
awn "0 -Oath today : thee Western 65 41-
' with another establithed bank having a large subscribed' u=l"Lii .ici.d.iii,.. 1,4.4.".. sad Nerib ',,ve.t.iii.
evils/ The SOL shares in this beak will be enhanced for =144 4 4 440►,,,,,r. 44,4644. 4.4 ueume. 5,71 - soft',
as equal number of 10/, shares with amalgamated Berwick capital stock. 110 f 1-flooth Eastern, no I
bank, whisk will line credited the mouths -Buffalo and take Berth, 5; 74e-teeth Western of Cans
reepestively paid up ea the shame in this bank, 111 13-111 a - Brie, re} it t7mbiois cased. 614 b6ai - V
less
sue of sock amounts ; this one-fifth being ‘asteol„____.! Bee" 72!1,1-I...tdmink Illeadek 8 140 i P.-Mtliclui
an estimated allerwthee ter certain asses of W.. evire:=l2glitig".••=. (u.isoo=p4ll4fedin..nr.`• i P•c.
bask sot transferred to the amalgamated bath, and exe,„-ascee , Merchants. te.-Merssy Wee sad roe ~uniticip:
whisk will be afterwards divided amongst the sham
.1 dal steam ;Melted), sit d.
▪ Le, pro seta, on the windbag sp. of this bank. Brawniorrac, SEPT. 16des to-day : Birmingham Canal,
nis Leedom aid Bombay Bask was formed for the 41 tie : Diffellflehilll Tiftlintiat. le 'PIM ; ifillatel Meted. 2 did. ;
hase Patent Fite Compsay, 1 din: sad Mat dish and Atletree, at
of ear ryieg en busies.' beware Leedom end India,
seeribed aorta a 744.9301.. ka 74.493 diem 44 701,. =. ins rom : London sad Noe* Weitero. 12111 to ltt
plldland Bank, 169 to 140 : tratttngtael Joint
et °bleb zi. Per elm" have sks°47 b". rid • •"1 "tact at, Ito Peso
; ltradatharn and Staffortstrre Gm
I. the dtheders of that beak. believith that Ms positath :odd gp 4bares. Alio 3de Oc CV. ; IthirePotheat Wagon, al to 14
be theintielly improve/ by heeled* is the field of its and iiirmingeara wotcrworle 11. 3i to 31 Maw