The Express.
London, England, 1856-05-30 00:00:00

1I

MONEY MARKET-THIS DAY

Two o'Cwoff.
The funds to day have showed renewed flatness,
isles preponderating. Prices declined 1 per cent.
this morning, but have since partially rallied. Con-
sols for the 4th of June were first marked
941, declined to 941 to 941, and are now
quoted 941 to 1. For money the price is
941. The scrip of the new loan is quoted
2} to n prom. The Three per Cents. Re-
dacted have been dealt in at 931 to 1; the new
Three per Cents. at 94 to 941; Beak Stock at 2181
to 2171; India Stock at 233 to 236; Exchequer
Bonds, 1858, at 99; Exchequer Bills, March, at 2s.
to 6s. prem.; ditto, June, at Is. dia. to le. prem.,
being better; and India Bonds at 3s. prem.
The foreign stock market is quiet. The chief trans.
actions have been in Turkish securities, which retain
great steadiness, the Six per Cent'. being marked 991
to 1 for the 18th of Jane, and the Four per Cents.
1031 to 1. The only other sales recorded ue in Brasi-
lia@ Five per Cents., 1829 and,lBB9, at 981; Sardinian
Five per Cents., at 93 and 941; Spanish Old Three
per Cents., 47 ; and the Committee's Certifs., at 6/
per Cent.
The prospectus of the Colonial Fibre Company,
with a capital of 100,0001., in 201 shares, has been
for some days before the public. This undertaking
is incorporated by Royal Charter, limiting the lia-
bility of the shareholders. The privileges obtained
from the local legislatures of British Guiana and
Jamaica, ensure to the company freedom from com-
petition in its operations in those colonies. The
fibres are stated to be adapted to numerous tex-
tile fabrics of great beauty and durability, and to
the manufacture of the finest paper, as well u of
cordage. The animates of the returns to
be derived from the Company's business are
very large, but the Directors, with commendable
caution, abstain from committing themselves to hasty
assertions on this point, and confine themselves to
inviting inspection of the data upon which the esti-
mates are founded. The direction is highly respectable.
In the event of this company's success, a vast benefit
will be accorded to the neglected West India colonies,
se its capital will doubtless be increariedosnd its opera-
tions greatly extended.
A special meeting of the South Eastern Railway
Company is called for the 10th of June, to consider an
agreement entered into with the representatives of
the Mid Kent Railway Company (Bromley to St.
Mary's Cray.)
The annul meeting of the African Steam Ship
Company is to be held on the 13th °thine.
The 6th call of 21.104. per share (making 151. paid)
is to be paid on the origami stock of the But Kent
Railway by the 14:h of July.
The chief office of the Royal British Bank is to be
removed on Monday next from Tokenhonse-yard to
the • in Threadneedle-steest, formerly the
Bout Sea House.
Mr. Murphy ;the master charged with the winding
up of the Tipperary Joint Stock Bank, intends on
the 9th of June to make a call of 401. per share on all
the contributories.
The Muter in Chancery charged with the winding
up of the borough of Bt. Marylebone Joint Stook
Banking Company proposes on the 2nd of Jane to
make a further call of 111. per share on all the con-
tributories.
The Admiralty will receive tenders on the 2nd
of Jane for the supply of 20,0001 b. of tea, 400qrs. of
split peas, S tons of pepper, and 6,000 gals. of vinegar.
en Relative to the market for American securities,
alr. R. F. Elatterthwaite reports as follows :
T Me W tom oak • moderate ),eees In Amerika esearttles k
I. mks daring the pest weak, end neetatkee rends ktnont esk
pkeint Now

Ta r Entire*.
The Bank of England Directors, at their weekly
meeting to-day, reduced their on itimuns rate of discount
from 6 to 6 per cent. In many quarters this annonneir
ant hes been received with some degree of =prime;
for, although it was universally recognised that the
tendency of the rates of discount is decidedly down-
wards, an impression prevailed that any further
redaction at the Bank would be delayed a week at
two longer. The fact is, however, that owing to the
lower terms at which money was obtainable in
Lombard-street and elsewhere, the Bank was
obtaining no business at its 6 per cent.
sharp. It is scarcely neosesery to remark
that the step is hailed with great satisfaction.
as likely to strengthen confidesoe, give a wholesome
stimulus to trade, and increase the desire for eligible
investments. Hitherto many holders of money have
been content to let their deposits lie at 6 per cent. in.
tenet, but will now be eager to invest them. Today
being a partial holiday, the Lombard-street discount
beams abstained from making any alteration in the
rata allowed for money "on call," bat a reduction
from the present rate of 6 per cent. to 4 per cent. is
expected to be announced to-morrow. It is inferred.
from the promptitude with which the Bank bee
relaxed its rates, that the two next returns of the
institution will present very favourable features.

Somewhat singularly, the Bank movement failed
to prevent a decline in the funds. Under the influ-
ence of unfavourable statements respecting our tele-
does with the United States, Onside sustaioed a
fall of 1 per cent. towards the middle of the day.
More firmness was observable at the termination of
business, but the closing quotations were still a per
cent, below those of yesterday. Nevertheless.
despite the obstinacy shown by the American 'Om
vernment in rejecting the proposals pet forward by
the British Cabinet for effecting en adjustment of the
questions in dispute, the idea that war can arise be.
tweea the two maim is generally scouted.
The closing pries of Consols today, we may eh- •
servo, is equivalent to only 931 to 1, exclusive of the
half yearly dividend, which will be deducted from
the quoted= a few days hence. With the rearms-
don of pesos and an eager money market many
=will be disposed to consider this a low price.
in mind the smallness of the new creation of
stock arising from the loan.
Commis, which closed yesterday at 95 to a he
the 4th of Igoe, declined to-day to 941 to 1, sad
stood et the close of the house at 941. Afterwards
the price was rather firmer, at 941 to 95. Theologist
quotation for money was 94a. The egoist begin=
report is as follows :—Thres per Om. Comas, he
mosey, 941, 641, 17041 ; date. kr aosoost, 441 t
Jess, 951, 941, 941. Three pee Coat. Rodusol, •
931, 1, a. New Three per Cents., 941, 1. Loos
Annuities, expiring in Jan., 1880, 3 8-16,31; Thirty
Yeses Annuities, April, 1685, 171, 17 3.16. Indio
Stock, 234 a ; ditto for account, 236. Conseil Scrip
(New Loan), 2s, 21 prem.
The scrip of the new loan fluctuated between 21
and 2$ prem., and closed at 21 to 21 per cent. prem.
Exchequer Bills remain firm, but without further
change in pries. The Marsh Bills may be quoted 1..
to 4s. prom., and the Jane, 3s. dia. to par. The tall
in the value of money, coupled with the moderate
amount of these securities actually afloat, must tend
to bring them into greater request. The alteration
in the rates of money, we may also point out, will
have an influents upon the expected government an-
nouncement fixing the rate of Interest upon the June
Bills for the ensuinz year. Exchequer Bends are
• well supported at 981 to 99.
Turkish stocks experienced an unfavourable sew
Lion upon the decline in Consols, and closed about I
per cent. lower than yesterday, the Six per Cents. at
991 to 1, and the Guaranteed Four per Cents.
at 1031 to a. Other foreign securities were steady.
Lombardo-Yenetian Railway shares closed to-day
at 6 toil prem.; Itiga and Donaberg Railway at
11 to 2 prem. ; and General Bank of Switierland,
at I prem.
Ottoman Bank shares closed today at la to 11-
prem. ; Bank of Egypt at 1 to 1 prom.; and Na-
tional Dtsoonnt at 1 di.. to par. Other bank shares
wets quiet. Lend shares show no important varia-
deo. The stock of the London General Omnibus
Company continues inquired lot.

Claim Paum—Orrs SHILLING DAT. MAT
29.—Alabatoas wTOTTIOSt. 22,913 ; dine by brim lIMob.
807; total visitors, 23,710.