The Express.
London, England, 1866-05-08 00:00:00

120 let
134 136

MONEY M.

'HIS DAY.,

sse 7}

irt 20
15 0

53 i i 3

RISE IN THE BANS BATE OF DD3COUI T.
ORB O'CLOCK.

119;
153 41 3
117; IGI
911
66 7
126 4 5; Si 6/

81 I

1101 r

1071 641,

71} 1 }

Sales.

181 19 18
4!

21/ 2 19

18;}d'.

- ul

xd
37
19

71 8 71

♦1 6
2,.)

6 LI

24i • 5
ti 3 3 3

id

22

461 7

95 al 41

The English funds opened this morning at a re-
duction of 1 percent., but a recovery to this extentlusi•
since taken place, upon large repurchases by previr,
ous speculat ,rs for the fall. British railways and
some of the foreign securities, however, show at
further important decline. Amongst the financial,
shares Imperial Mercantile have advanced, while
Credit Foncier and Mobilier have declined. United
States 5-20 Bonds have also gives way.
The applications for discount to-day are not
large, but the lowest rate for the best bills is 7 per
cent.
Consols are now quoted 864 to 4 both for mone/
and to-morrow's settlement, and 864 to I for the;
new account (June).
In the foreign stock market Italian bonds of 186 L
have experienced a fresh fall of 1 per cent. Brazi-
lian scrip has also declined 4, and Mexican 4. On
the other hand, Spanish Passive Bonds and CM--
tificates have risen and 4 respectively. Some of
the present prices are as follows:—Turkish, 1862,
59 to 61 ; ditto, 1865, 284 to 4 ; Greek, 104 to
114 ; Spanish Passive, 224 to 4 ; ditto Certificatas4
144 to ; Italian, 1861, 37 to 4 ; Brazilian scrip,
9 to 8 dis. ; and Mexican, 164 to 1.
United States 5-20 Bonds have declined 1 per
cent., and Erie Railway shares 14, but Illinois
Central arc steady. The present quotations are as
follows :-5.90 bonds, 66 to 4; Erie Railway shares,
45 to 46 ; and Illinois Central, 761 to 4.
international Financial shares are now quoted
24 to 24 dis. ; London Financial, 104 to 9}
dis. ; General Credit, 24 to 1I dia. ; Imperial
Mercantile, 71 to 7 dia. ; Credit Foncier and
Mobilier, 21 to 2 die ; Overend, Gurney, and
Company, 2 to 14 dis. ; and National Discount,
61 to 7 prem.

Two o'CLocit.
The directors of the Bank of England have Bud.
denly raised the rate of discount from 7 to 8
per cent. Consols, which were quoted 861 for
money and to-morrow's settlement, have thereupon

declined to 86i to
We are authorised to state that the news in tie
Vienna Press!, that the Italian government haws
entered int. tteptiations with Messrs. Fnthling
and Go.ielteu fur raising a loan, is entirely lID-

founded.
About 01,000:. in gold was withdrawn from the
Bank yesterday f,r exportation, viz., 2,000/. in
bars for the Continent, and 68,000 sovereigns for

Brazil.
The ships slacduff, Suffolk, Mediator, Royal
Standard, :del Donald M`Kay have arrived from
Melbourne, with 237,000/. in gold, which is ex-
pected ta be sent abroad. The Asia, from Boston,
has also brought 4,5001.
The Chariot of Fame, with 34,5001., is the only
gold ship known to be now at sea from Melbourne,
but the Australian mail, which is expected to be
delivered in about a week, will announce the des-
patch of additional supplies.
Subjoined is a copy of a privatetelegram received
yesterday from Point de Gable :—Latest dates from
China—Hong Kong, 14th April ; Shanghai, 7th ;
Foo Chow FO o, 3rd. Export of tea for the fort-
night 1,000,000 lbs. Exchange in Hong Kong,
; 4s. 71d. Freights at R'hampoa, 75a. (I) per ton.'
Telef,rrains from Bombay announce a panic in the
stock au 1 .hare markets, and refer to the antici-
pated failure of a largo Parsee speculator, with
enormous liabilities. The individual in question is
stated to have been worth, about eighteen months
ago, upwards of 2,000,000/. sterling, but last July
his wealth was greatly reduced by the tremendous
fall which occurred in all securities. At that period,
however, the prices of cotton, in which he was
largely interested, were looking up, and his stoppage
was avertel. He has been identified with the
1" Back Bay Ileclamation Company," and most of
the other speculative schemes introduced in Boni-
! bay. Tile shares of the Back Bay Company have
declined , par ;at one time they stood at a very
' high id, ie.' um, and as recently as the taeginning
of
last in, were dealt in for delivery on the let of
August ladt at 10,000 rupees, with 5,000 rupees
paid. The liquidation of this speculator's estate
was expected to be very unfavourable.
The advises from South Staffordshire report the
failure Messrs. Gibbs Brothers, of Deeptields and
Bull's-bridge ironworks, with liabilities amounting
to about 25,010.
The amount of government bills on India, for
which tJuders will be received at the Bank of Eng-
land on the Nth inst., will be rupees 32,59,000
(325,000/.)
The Stock Exchange Committee have appointed
Thursday, the 10th inst., s special settling day in
the second issue of shares in Renter's Telegram
Company (Limited), which are to be marked in the
Twid: a ‘Vcek List, and in the shares of Skidmore's
Art ALoadaeture3, &c., Company (Limited), which
are not to be marked.
With reference to the accountants' report on the
affairs of the Imperial Mercantile Credit Association
(Limited), the subjoined explanatory memoran-
dum li:ts been issued, bearing the signature of the
I two firms which have been engaged in the task. It
may, perhaps, be as well to add that, in addition to
the collateral securities referred to in the account-
ants' reaort, the company has in each case the in-
dividual s::curity of the borrowers for the whole
amount :
An some misapprehension appears to exist with reference
to the date up to which the value of the securities was esti-
mated fur the purpos,i of oar report on the affairs of the
Imperial Mercantile Credit Assoiiation (1.h0it.,1), we beg
to state f.:.at such estimate had rA,tien to, the date of the
report itseif namely, the sth instant--although the books
of the association were balanced to the 14th ultimo, as a
basis on which to rest the general examination.
TURQUANI), YOUNGE..., AND CO.
QILTER, BALL, AND CO.
London, M.,y 7, Main;.
in the Egyptian Commercial and
Trading Company (Limited) yesterday summoned
the comjaay, and also the secretary personally, to
appear bcfore the Lord Mayor. The summenses
were three in number—namely, two against the
company, and one against thc secretary. The two
former churged the company with neglecting to keep
and to produce a registry of shareholders, while the
third charged the secretary with failing to produce
a register •.F mortgages. The two first summonses
were dismissed, the Lord Mayor thinking the
company had performed what the law re-
quires. In the third case his lordship
inflicted a nominal fine of 5/., on the ground
that the issue of 700,0001. debentures made
by the company- some time ago was a mart-
gage within the terms of the act.
. By way
of appeal, however, against this decision, a WO
for the Queen's Bench was agreed to be stated, the
defendant contending that the debentures in ques-
tion do not form a specific charge uponany property
of the company.
The South Eastern Railway traffic return shows
this week a decrease of 1,1781., and the London,
Brighton, and South Coast a decrease of 9511.,
compared with the corresponding date of last year.
I The receipts of the Great Western Railway
of Canada for the week ending the 20th ult.
were 15,6%1., being 7971. more than in the cor-
responding week of last year.
I Travers Circular gives the following comparison
of the present position of the Bank of England and
the price of Consols with the corresponding date of
last year :

At present. Samedatelartyenr.
Rank billion
Rink r,•eccar
Rate of .litcount
Price of Consols

FRENCH PRODUCE TO SOUTHAMPTWN.--VIRLOR,
-
don and South Western Company's steamer Atalanta ar-
rived here on Tumidity, with a (largo consi.ting of 9.7.0 eases
of eggs, 00 sucks of barley, and sundries, for London. The
OMER, CaptainG. Clements, of the same oompany,arrived.
on Wednaiday, from St. xao, withs.3oDpac of butter,
200 eases of eggs, and sundries, this being the List ottan-
i City of heater imported in owe voyage to floodlit:2l=z
I their
_principal destinations being London, Bien!"
and Woartahampton.—Host' Advertiser. •