The Express.
London, England, 1860-01-31 00:00:00

ADVANCE IN THE BANK RATE OF

DISCOUNT.

Two o'Cloex.

The directors of the Bank of England, without
waiting until the usual weekly oonrt-day, have this
morning raised the minimum rate of discount from
3to 4 per cent. There has been a very priming de-
mand for money at the Bank this morning, the
other great monied establishments evincing much
caution in granting accommodation.
The measure having been " disommted " in the
Stock Exchange, has produced little effect upOn
priors. Although a fresh decline is reported from
the Paris Boone, Consols are quoted the same aa
they closed yesterday. In the share markets the-
settlement is being completed to-day. Generally a
very dell feeling prevails, and prices in many in
stanee exhibit a further slight reduction.
At Paris this (Tuesday) morning, according to
Mr. Renter's telegram, the Three per Cent. Rental
opened at 87.60 and soon fell to 87.40, showing a
fresh reduction of nearly 1 per cent. since yesterday
afternoon. The telegram reports " agitation."
The New Canadian Five per Cent. Loan is dall,at
1; to 21. prem. The Indian Five per Cent. stock of
1869 is quoted 103/ to 1. The Indian Rupee paper
continues heavy.
Consols are officially marked 94, 94/, 931, and
94/ for money, and 94},94, and 90 for the
account. The present quotations are 94/, " sel-
lers" for money, and " buyers" for the Bth February.
The Three per Cents. Reduced have been dealt in
at 941 and 941; the New Three per Cents., at 941
and 941 ; Thirty Years' Annuities, expiring in
April, 1886, at 17/ ; Bank Stock, at 230 and 229;
India Stock at 220 and 218; the Indian Five per
Cent. Stock, 1869, at 1031, 1031, 103, and 1031; the
Indian Four per Cent. Debentares, of 1869, at 971 and
97 ; India Bonds, at 6s. prem. and par ; the Five per
Cent. enlaced rupee paper, at 971 and 971 ; the
Five-and-a-Half per Cents., at 104; and Exchequer
Bills, at 205., 18s., 225., and 16e. prem., showing a
considerable fall.

Little business has been done in the foreign stock
market. The tone is dull, but there is little change
in patios. Turkish stocks are quoted much the same
as yesterday afternoon, the Loan of 1864 being called
781 to 79, and that of 1868, 661 to 1.
Salsa are recorded as follows:—Dutch Two-and-a-
Half per Cents., 661 (exch. 128.); Mexican Bonds,
901; ditto for account (16th Feb.), 211; Russian
Four-and•a-Half per Cents., 971; Spanish Three
per Cents., 441, 441: Coupon Certificates, 41,
4f. Turkish Six per Cents" 1864, 781, 79; ditto,
for account, 781, 781, 79; ditto Six per Cents., 1868,
for account, 68, 661, 661; Venezuela Three per
Cents., 261.
San Paulo Railway shares are quoted 6-18 to 3-16
dia.; Bank of Turkey, die. to par ; Ocean Marine
Insurance, 2 to 2} prem.; and Universal Marine, f to
Pram.

Foua o'CLocir.

Console exhibit a fractional improvement com-
pared with the prices current at 2 o'clock, being
now quoted 941 to for money, and 941, " buyers,'
for the accoant.*

Attention is now directed to Mr. Oladstone's
budget, which is expected to be brought forward on
Monday, the 6th Feb.
At Amsterdam a recovery of 11 to 11 per cent.
which took place in Austrian stocks on Saturday was
lost yesterday.
The Sussex has arrived from Melbourne with
60,0001. in gold, and the Arabia, from New York,
with 37,0001. The exchange at New York shows a
partial improvement, the latest quotation being about
108 f.
A large portion of the gold taken from the Bank
during the last three days has been despatched direct
to Vienna, in payment for Lombardo-Venetian Rail-
way shares sold here.
One of the principal failures at Melbourne is that
of Messrs. W. M. Tennant and Co., auctioneers, and
another that of William and Thomas Pole, merchants.
The liabilities in each case are understood to be
'considerable.

With reference to the market for public securities,
a trustworthy report received from Calcutta has the
following :

On the 15th Dennabw the Pontoonler and Oriental steamer
lass arrived at Bem bai with the llaglish mail of the 18th
Noviesber, sad the mtauigema one ve by it, the appre-
hension of war between England and hinge, hie created an
Rade., kw the pertienlare, *Wel we aped will be con-
tained be the sad private ilea mai& should be
here en the t. Another uneeliabetory item of
news is, that.the Lord Chancellor hes added that trustees
are not entitled to invest trust funds Is new India stock,
which is contrary to the tenor of the eammuniostione on the
same subject received by the previous nail. Government
securities continued to advance iv asetwal days after the date
of ear last report until Piny/rani& tows sold at 7-8; and
rive-and-a-Half per Cants. at 84 per eat. disown. Since
the telegram with the 18th November news wee received, Men-
tioning the decision of the Lord Chancellor already noticed,
Er=t paper has boa genially elsolkelng •, and 8.4 to
t for Finn le the quotation, although the market
is Omar agate, and the dealers now rather inclined to par-
ches al these quotations for conversion to Five-end-a-Half
per Ostia. • the sabeeriptiens to which loan daring the last
week In riperted is be of ocesiderable asignitude.

The Madras Railway Company, having completed
the allotment of the 600,0001. debenture loan adver-
tised on the 6th June last, are now offering an addi-
tional 600,0001. on the same terms.
_ . .

The Brighton Railway traffic return shows this
week an increase of 3191., and the South Eastern an
increase of 1,6491.
The weekly traffic return of the Great Western
Railway of Canada, just received, shows an increase
of 9771. sterling, and that of the Grand Trunk Com-
pany an increase of 4,0931. sterling.
The half-yearly meeting of the Mediterranean
Extension Telegraph Company is called for the 7th
February ; and that of the London and Blackwell
Railway Company for the 14th February.
The tea market is very firm, with a large amount
of business. Common congon has reached le. OP.
to Is. od. per lb. Brandy is firm, at the late
advance.

MONDAY BYZIENO.

Consols, which closed on Saturday at Off to k for
the Bth February, opened this morning at 94} to 4,
fell to 94 to I, and closed at 94k, "buyers." For
money the last price was 04/. The official business
report is as follow.:—Three per Cent. Consols, for
money, 041, /, 1, 94, 944, 94 ; ditto, for account
(Bth Feb.), 944, 94, 944; Three per Cent. Reduoed,
941, I, 1k Stock, I New Three per eeete-• 941, 1. ;
Ban, 229 ; the Indian Five per Cent. Stock,
1034, 34, 84, ; the Indian Four per Cent. Deben-
tures, 1868, 974 ; ditto, 1869, 974 ; the Five per
Cent. " enfaoed" rupee paper, 984, 1, 98 ; ditto,
Five•and-a-Half per Cent., 104/, 1044, 104, 1041.
The Indian rupee paper was deddedly heavy; and
ocouionally it was even difficult to effect -lee. At
the clue rather more firmnen was apparent, it being
stated that the amount imported by the Calcutta
mail delivered this day is limited ; but the final
prices were still 4 per cent. below those of Saturday,
being 971 to 981 for the Five, and 104 to 4 for the
Five-and-a-Half per Cents.
India Bonds have declined to 62. to 10a. prem.
The Indian Five per Cent. stook of 1839 was s
good deal offered, the proceeds being partly destined,
it is said, for re-investment in the rupee paper. The
final quotation was 1031 to I, being f to 4 per omit.
below that of Saturday. The Indian Four per Cent.
Debentures were likewise weaker. Exchequer Bills
declined la. to 2.., leaving off at 221. to 265. prem.
Foreign stocks were likewise marked by depres-
sion with the exception of Mexican, which wu
rather more inquired for. Turkish stocks fell to
per teat., the Loan of 1864 closing at 781 to 4, and
that of 1868 at 661 to 4 : transactions were recorded
at lower prices for money. RUSSilltill Boole, amongst
'others, were more offered.