The Express.
London, England, 1856-10-06 00:00:00

MONEY MARKET—THIS Ddir.

Two o'CLocz.
FURTHER ADVANCE IN THE BANK RATE

OF DISCOUNT.

The Bank of England, with a view to effectually
checking the drain of gold, has this morning raised
its minimum rates of discount from 6 to 8 per
oent. for short paper, and 7 per cent. for 90 days'
bills. The measure is generally approved of, but
has caused a further general fall in the stock
markets.

The funds have fallen 11 per cent. as compared
with the closing quotations of Saturday, and retain
much heaviness up to the present moment. Console,
after standing early in the morning at 921 to 1 for
money, and Wednesday, have fallen to 911, "sellers."
For the Bth November, the price is 911 to 1. Exohe.
quer Bills are marked Os. to 10s. rem. ; Exchequer
Bonds, 99; ; and India Bonds, 9s. to 13s. prem.
Turkish Six per Cents., after marking 991, have
fallen to 981. The Four per Cents. have receded to
1291 to 1001. Most other foreign stoari.
ties are weaker. The sales include Erni.
Ran Old Five per Cents. at 100 and 1001; ditto
Five per Cents (Rothschild's) at 1001; Chillers Three
per Cents. at 71; Dutch Four per Cent. Certifs. at 981 ;
Raul= Four-and.a.Half per Cents. at 981; ditto

Small Bond', at 97; Sardinian, at 911; ditto, for
account 17th October, at 89; and Spanish Old Three
per Cents.,at 42i for the 17th but.
The speculators at Paris seem to have be-
come possessed of an impression that the govern-
ment is about to do something for their relief; and
each successive number of the Monitessr is thus
anxiously looked for; but as regards the mode in
which the much-desired stimulus is to be imparted,
the ideas prevailing are of the vaguest character.
It is to be earnestly hoped that the French
government will bestow the gravest deliberation
upon the subject, and steadfastly refuse to listen to
the numerous flimsy financial crotchets which in-
terested parties are now endeavouring to press upon
its notice. It is strongly symptomatic of the unhealthy
state of the Bourse that almost every sanguine per-
son, whilst looking forward to a brighter future for
the market, is evidently anxious to realise his securi-
ties whenever the rally may come. This feature is
adverse to the hope of any important and permanent
Improvement on the Bourse under existing circum-
stances.

The arrival was announced on Saturday of the '
Arabia from New York with 776,889 dollen, or
156,0001., in specie on freight. Such portion of this
remittance as is on English account is expected to
be at once despatched to the Continent.
The other imports reported last week comprise
60,000 dollars by the City of Philadelphia, from Bal-
timore; 140,0004 by the Magdalena, from the West
Indies; 30,0001. by the Cambria, from New York;
10,4004 by the Puttee from the same port ; 6,2001.
by the Madrid, from & Peninsula ; and a few hun-
dred pounds by the Teviot, from the Wed Indies.
The total value of the week's arrivals (including
the specie per the Arabia) is estimated at about
362,0001. Amongst the imports of silver from the
continent were also 32 packages by the Ravensbourne,
from Antwerp.
The exports have been extraordinarily heavy, and
cements a serious drain in the present condition of
the money market. The Custom-how statement of
the shipments direct from London during the week
ending Thursday lest includes no less than 1,066,300
moose sad 2,6001. in silver, worth about 266,0004,
and 11,400 ounces and 10,0001. in gold, worth about
60,0001., making an aggregate export from London
alone of 316,0001. in gold sad silver, nearly the
whole of which was absorbed by the Continent. It
meat be remembered, however, that • large
P of this silver had 'eerie:Ely bun
drawn
tlrti°llcen the Continent, with a view to
its shipment to the Rest. The particulars
of these exports are as follows, via.:—Gold coin e
To Homburg, 3,600 oz.; to Boulogne, 200 ox.;
to Belgium, 3,600 ox. and 10,0001. Gold bars: To
Holgtoos. 4,200 00. Silver coin I To Mogadore, 6,000
ox.; to Belgian. 162,600 oz.; to Rotterdam, 62,000
oz.; to Hamburg, 400,000 ox.; to Boulogne, 1,000
os. Silver bare: To Rotterdam, 236,000 ox.; to
Hamburg, 194,800 es.; to Belgium, 4,000 oz.
Mexican dollars: To Denkirk, 2,6001.
. . .

The shipments from the ontporta have included
80,0001. by her Majesty's ship Rightly's., for the
Caps of Good Hope; 28,6301. by the Elaine, for the
Peninsula; 778,7831. (or which 3,7131. was gold and
776,0304 silver) by the Pere, for Alexandria and the
Haat ; and 8,0001. by the La Plata, for the West
India.

esoortained shipments from London and the
outports thus rep:sent the extraordinary aggregate
of about 1,210,0001.; bat of this, as already shown,
the bulk consisted of silver' thee constituting no
direct drain upon the Bank. To the list of ship.
meats, however, must be added the private remit-
tances to the liniment, which have included the
whole of the week's arrivals (except the supplies ex
Arabia and Magdalena), and some heavy amounts
withdrawn from the Bank of England.
We regret to notice that the efflux of gold from
the Bank is becoming more rapid. The withdrawals
on Saturday are known to have reached 180,0001.;
but in this sum a portion of the amount mentioned
on Friday appears to be included.
It appears probable that numerous farther tales by
public suction will be bold of deposits lying in the
Royal British Bank.
Application is about to be made to the Stock
Exchange Committee to appoint a settling day for
the shares of the Verdes Bank (or Union Bank) of
Hamburg, in which some transactions took piece to-
day at 718 and i pre!. It appmrs that a number
of the German houses in London are holders of these
shush The sum paid is IL 10e. per share, and
another Instalment of IL 10s. is to be paid on the
23rd hut., masking 20 per cent. paid up. The
Ikeda' state that they do not intend to call up
mere than 30 per mat. of the capital. The shares are
of 1111. MIL

The next ordinary general meeting of the Unity
General Assurance Association is to be held on the
2lst inst. _ _

Creditors of the League Bread Company are to
Fen their claims by the 9rd of November before
Vie►Cbanosllor Wood who Is about to distribute the
masts of the company.
Certificates of shares in the North and South
Wales Steam Fuel Company (limited) are advertised
seniy for delivery in =champ for the scrip, this
esspasy being now incorporated.
The half-yearly interest is advertised upon Panama
named Seven per Cent. Bettis of 1866 to 1868.
Tin half-yearly dividend on the stack of the Lou-
isa As Corporation is to be payable on the
14th inst.
From a list drawn up by Mr. Miller, of the Jeru-
salem Coffee-house, we have compiled the following
statement, showing the number and tonnage of the
vessels preparing to enter outw‘rds for Australia,

No. of vessels. Tongue.
Vietoeis
Near Booth Wales
Hoboes Toes
Leeoesetes
Adelaide
New &allied 8
Weston Asetralio .... 1

Total 72 66.338
R-lative to the silk market, Messrs. H. Waithissa
and Co. report as follows :
Tbe silk market eastlnued very Am during the early
pert of the pest mouth; talked, the prime obtained by
importers were shade higher Una our quotations of the
Ist sit., but the sadder' oneatioa of the Continental de-
emed, eoepled with the large arrivals per Lady Hodglinaoo,
Peewees, and Overload, sem tugged a resol, led some
few parcels wen sold at a fill of 61. to le. per lb. ; this re-
duction has, however, failed to ledges buyers to operate
freely, the gonna feelieg being that a further tall mast
take plies before builder oar be resumed to soy extent.
The Chide letters were delivered Ws swain the dates
are—Elbaughae, July $l, sad Haag-Hoeg, August 10. The
rettleuteate of silk had beau very lame, emeeetied ie
17.600 Wee, egaieet 2,000 bales at the same period lutesa-
see the elligileinte were about 6,000 bales against 600 last
. Prim boll 61st 10 dollars per pint Ilsebasure at
lc 24. The deliveries for taddi are 4,689
bake. Basal adk km he la pod derise the