The Express.
London, England, 1860-11-08 00:00:00

THE ra-PRE*47TAUII4I4I4IfrArnIMPA

SHIRE L 18111,117,14.
• -.:_-_

T.)

Two o'Cux7l.

The railway share market to-day is dull, the
advance in the Bank rate of discount con-
tributing to check inquiry. Midland stock
has declined per cent., and two or three
of fhe other principal lines i to 1 per cent. Great
Western is firm at 721 to 73. London
and North Western stock is now quoted
1001 to 4 ; Midland, We to ; Lancashire
and Yorkshire, 1171 to 4 ; Great Northern, 114
to 115 ; Beatern Counties, 52 to 4 ; South Eastern,
84 to 814 ; and Caledonian, 914 to 4.
Lombardo-Venetian Railway shares are firm,
at Ito 1 din. Canadian railway shares are rather
firmer. Great Western of Canada have been dealt
in between 114 and 114, and Grand ,Trunk stock
between 21 and 214.

- • -

LILIFATI.

....
WI

41.•

-
-
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line
ne• 11 i
TI

MI II
94
...
nil!
i I

-
941
ss

a

1114
10111

...
11

64

Sir

44 14 zd

...
...
...
...
171

-
4a •• vl

MONEY MARKET-(THIS DAY)

ADVANCE IN THE BANK RATE OF
DISCOUNT.

Two o'Clot.s.
The (Brenton of the Bank of England, at their
weekly court to-day, have r►ieed their minimum

rate of discount from 4 to 44 per cent.
The event, having been fully anticipated, has:
not had much effect upon the stock markets. The
funds have been principally regulated by
the arrangements connected with the settlement
fixed for this day. Consols are quoted 1-16 to
per cent. better than yesterday afternoon. Bri-
tish railway stocks are rather flat, and Canadian
and Lombardo-Venetian somewhat firmer. Very
little business is going forward in any quarter.
At Paris this morning, according to Mr. Renter's
telegram, the Three per Cent. Reines opened at
69fr. 800., but improved to 69fr. 90c., being I per
cent. better than the last price of yesterday.
Consols are officially marked 934 and
for money, and Q 3 for the new account (Dec. 6).
The present quotations are 934 to I for
money, and 934 to for the 6th Dec. The official
business report is as follows :—Bank Stock, 232;
Three per Cents. Reduced, 914, ; New Three
per Cents., 914, 4 ; India Five per Cent. stock,
1869, 1034, ; Five-and-a-Ralf per Cent. " en-
Nord " rupee p►per, ; Exchequer Bills, par, 3a.
dis.

Very little business has been done in foreign stocks,
and scarcely any change has occurred in prices.
Turkish are quoted the same as yesterday afternoon
—the Loan of 1854 at 701 to 71f, and that
of 1858 at 57 to I. Spanish Bonds are firm, and
Mexican dull. Sales are recorded as follows :
Brazilian Four-and-a-Half per Cents., 1858, 89,
88; ; ditto Four-and-a-Half per Cents., 1800, 88* ;
Dutch Four per Cent. Certificates, for account,
99* ; Mexican Three per Cents., for account, 22 ;
Spanish Three per Cents., 481, ; ditto New
Deferred Three per Cents., 401, I ; Turkish Six
per Cents., 1884, for account, 71* ; ditto Six per
Cents., 1858, for account, 57*,
The amount of bar gold taken from the Bank
yesterday for exportation was too small to deserve
mention.

The bills of Mr. Spencer P. Pennell, merchant,
of Liverpool, have been returned. The liabilities
are understood to be limited.

In the Bankruptcy Court yesterday a further ad-
journment was ordered in respect of the examina-
tion meeting of Mr. John Dales, contractor and
shipper, of Gresham-house, no accounts having
been filed. The bankrupt shows liabilities to the
extent of 46,0001-, whilst his assets are estimated
at 10a. in the pound or upwards. An immediate
certificate of the second class was awarded to Mr.
Charles Cross, silk warehouseman, of Gutter-lane,
the commissioner considering that the bankrupt
had not carried on any systematic dealing in ac-
commodation 4sills.
At Paris Lombardo-Venetian Railway shares are
now quoted ex the interest recently announced.
The amount of this is lls. 7d. per share, so that
the sum payable by holders on account of the call
of 21. now due is 11. Bs. sd.

A few weeks sines the resignation of Mr. Pas-
ra2Ll was announced as manager of the Bank of
ps, at Alexandria. We are now informed that,
by the good offices of the deputy chairman, who has
been in Egypt on the affairs of the bank, Mr.
Charles Thurburn, the eminent merchant of Alex-
andria, has undertaken the important office of
managing director in Egypt. From the eligibility of
this selection satisfactory inferences may be drawn
relative to the condition of the affairs of the Bank
in Egypt.
The following communication from the Great
Western Railway Company of Canada wits yester-
day posted up in the Stock Exchange :
Great Wistaria Railway of Oaaada, Gresham-house,
Old Broadotivet, London, LC., Nor. 7.
&r.—As some raltapprhonaioa !wears to oxixtaa to

to be re-
quired fa the repot Jana sires % I as to inform you
that the estimate p Said, ow engineer, for the
renewal of the wad fences, daring
the nazi five years üblr,Vl, at the rate of say
72,00 X. a year, is the teed likely to be required
for that purpose.
For the current half-year as stated at page 27 of the
=the renewals will be about the same as for the paid
gar. —I am, dear air, yours truly,
Easciarona Boma, Secretary.
YllgillEtlatighter, Fag., Secretary, Stook Exchange.
The London and North Western Railway traffic
return shows this week an increase of 1,8151- ; the
Great Western an increase of 2,648/. ; the Great
Northern an increase of Ha ; and the London and
South-Western an increase of 3,438/.
The annual meeting of proprietors of the Bank
of British North America is called for the 4th of
December.

The half-yearly meeting of the Imperial Conti-
nental Gas Association is called for the 28th inst.,
to declare a dividend.

—..,,,naneellor Wood propose! on the 22nd inst.
to settle the list of contributories of the Phoenix
Life Assurance Company.
Subjoined are the latest quotations of insurance,
gas, and other share!, as given in the last Stock
Exchange list :
Issaniace—Alliance, British sad Foreign, 160.; dir.si
]!ante, 60i Atlas, 14,1 • Guardian, 14 ii1y5.1176117
Morino, 137 i ; Legal sad General Life, • and
London Fire arid Life, ; London, 47i; 'Ocean Karim,
7, ; Reek Life, 81,i • Royal 309; Theme
and Macau lierkie, 28. i; •Universal 0.
Glae—Great (*Aral, 1 1; Laporte'. 84 , sol ; ditto
00111iiIIIIMal. 461 ; Leedom. ; Westminster 70.
Deeke.—Reet and West ladia.llo ; St. Katharine 0.
Waterworks—Berlin, ; Lossben, ; Southwark sod

Oanal—ltegient's, 25.
Bridge—Waterloo, 24.
With reference to the market for American secu-
rities, Mr. E. P. Batterthwaite reports as follows :
A considerable business has been done in London since
our lut in American securities. The fall in Illinois sad
Erie shares, reported from New York, caused a sudden drop
hereof 4 per cent in each of them, on which large buyers
=and the market has solo maimed • flonerimpera.
kat for States stocks and railroad hoods remains
steady. We would draw the particular attention of our
him& who hold Illinois Central Options, expiring FL
to heat ebruary,
to obttaline rho's:tett:doom privilege,in
New
York
wte
will become valueless.
Irla mew steam-ship Etna, of the Cunard
UN, has, ISO Understand, beau purchased for the
Liverpool, New York, and Philadelphia Steam Ship
Company.
Her Majesty's steam sloop Spiteful has been
ordered by the Admiralty to proceed from Devon-
port to the Chops of the Channel for the relief of
the homeward-bound trade. The squadron of Rear-
Admiral Stopford, from Plymouth, will also render
assistance if required.
The Cdenclune has arrived from China with
564,6001b1. of tea.
The Liverpool cotton market yesterday pre-
sented a quiet appearance. The sales were 10,000
bales.
Jute sold yesterday at an advance of 15s. to 20s.
per ton.
The following weekly review of the hide and
leather trade is from Messrs. T. J. and T. Powell :

The comae of the leather trade during the past, has been
much the same as in the previous, month. The sales of
bankrupts' stocks have bees considerable, and have con-
tioued to divert buyers from the more open market. There
has, however, been • steady gamma demand, not, we think,
below 110 average, although without say axtenaive opera-
tions. Prices of some articles have shown • downward
tendency, but the alterations are not important, and we
may hops that when the stocks that have to be maimed me
cleared off, Freater firmnegs may obtain in the value of
leather. We are now approaching • season when an ac-
tive trade is not the rule, but it must be remembered that
the lapse of every mouth brings ua nearer to the period
when the diminution in the number of hides put into work
for may maths past must be felt in the way of dual-
sithed supplies of leather. In raw goods very little change
has occurred, but prices have slightly receded. The int-
pmtation has been ample ; and of some articles the stocks
have largely inc
_mated. The market has been considerably
aided by • demand for exportation, but as most of the
markets are now largely supplied, it is probable
irt billsfurther mistinge will be given by the conti-
nental burr. We therefore hope that pekes May shortly
be move in conformity with the value of leather.

We find the. following in the fruit circular of
Messrs. Richard Witherirs andfifon
Grievous complaint' have bees made against the owners
of the steamers, Modern Greece and Mare° Boawis, for
sending them both to discharge in the Victoria Docks,
thereby occasioning much disappointment and vexation to
importers, and in some instances loss of market. The same
occurred four years ago, but as importers found that the
underwriters' risk terminated ea the actual placing of the
%ton shore in the Docks prior to riaekipatent into
r. (which is sot the usual " risk of craft to and from
the vessel "), they gave orders accordingly to their corm-
Vte in Smyrna. If a lighter sunk or was run down,
oss would be to the importer, and not to the under-
writer.

WZDNIMSAT Evauta.

Consols, which cloned yesterday at 93, "buyers,"
for money and to-morrow's settlement, opened
this morning at the same quotation, and closed
at 93 to 4. For the 6th December the last price
[ was 934, "buyers." The "continuation' to
December was fully 3-16 per cent. The official
business report is as follows :—Three per Cent.
Consols, for money, 934, 93, ; ditto for account
(Nov. 8), 93 ; Three per Cents. Reduced, 911, i ;
New Three per Cents., 91, ; Thirty Years An-
nuities, expiring in April, 1885, 164 ; Bank Stock,
233, 232 ; India Five per mit. Stock, 1869,
1031,.
4 The Indian Five per Cent. stock of 1859 was
rather firmer, and closed at 1034 to 4. The Five
per Cent. Rupee paper was quoted 95 to ; and
the Five-and-a-Half per Cent., 101 to 4. There
have been very few inquiries of late for this clans
of paper. Exchequer Bills were quiet, at 3s. dis.
to par.
The Turkish Loan of 1858 showed a drooping
tendency, and closed at 57 to
lr 4. The issue of 1854
was steady, at 701 to 711. here were inquiries
for Brazilian Four-and-a-Ralf per Cents., the divi-
dend on which falls due the Ist proz. Mexican
Bonds were unaltered, at 22 to 1.
Bank shares to-day were firm. There were
inquiries for Chartered Bank of India, Australia,
and China, Ottoman, and Union Bank of London.
London Discount shares were in demand, and Red
Bea Telegraph flat. Great Ship were dull, at
ss. to ss. 611.

Illinois Central Railway "options," expiring in
February next, were dull, at 2 to 24.
There were inquiries to-day for Tourney and
Jurbise Railway sham, at 17 to 174 (201. paid).
Midland Railway new shares were quoted 1 13-16
to 1 15-16 prem.
The closing quotations for shares in new under-
takings were as follow :—Ocean Marine Insur-
ance to 2„ prem. • Thames and Mersey Marine,
Ito 1 prem. ; Universal Marine Inauranoej,
}ill die.
prem. • Loudon and Provincial Marine,to die. ;
East India Irrigation, A die. to par ; id wall
Iron, I to 4 preni.

No. lU. 1
10,000. 10
40,103 16
67,400 Is
14
"see as
41131 II
11,774 SI
0,916 US
6,000 10
260,000 14.
111,4121, 11
UM, k
140,150 It
SIMI U.
NAM II
704000 It
1,111 U
WlO, 6
U* 000
U
114000 1
100,000 1
U. 0061 6
00,006 10
SAW
14,010 10
10, 10
12,060 10
MAO 16
4 44
11,310 10
10,030 6
1,714 100
174, 1
10, 1
30,000 1
14400 10
10,000 10
000,00 C U.
20,000 60
10,000 So
40,000 10
10, 60
10, 11
16,000 100
4 U.
AIM 26
a t
... .