The Express.
London, England, 1866-06-29 00:00:00

MONEY MA.

_.—(THIS DAY.)
this o'CLock.
The refusal of the directors of the Bank of
England to reduce the rate of discount cool.'
thanes to have a prejudiCial effect upon the
stock and share markets, which have again
given way, with a preponderance of sales.
Consols have declined / per cent., and
British railways, tto /. Foreign bonds have also
receded, as well as some of the banking and finan-
cial shares. Credit Foucier and Mobilier are espe-
cially heavy, and have declined 12s. 61 United
States 5-20 Bonds, however, are slightly firmer.
There is an increased demand for money to-day,
but the supply is considerable. The rate for choice
paper ranges from 7 to 9i per cent., although trans-
actions at the former quotation are exceptional.
The changes in the Bank of France return com-
prise an increase of 888,0031. in the coin and
bullion, and of 728,0001. in the bills discounted.
Consols are now quoted 86t to ~ ex div., for
- money, and sq to t, ex div., for the account
- (July 10).
Foreign stocks are fiat, and prices have declined
in several cases. Turkish Bonds of 1862 have
receded 2 per cent. ; ditto of 1865, t, and Spanish
Passive and Certificates, /. Mexican, however, are
I better. Turkish Bonds of 1862 are now quoted
51 to 53 ; ditto of 1865, 27/ to t ; Greek, 10/ to
11/ ; Spanish Passive, 18/ to 19/ ; ditto Certifi-
cates, 14g tot ; Italian, 1861, 40 to / ; Brazilian
scrip, 3/ to 3 dia. ; and Mexican, 14/ to t.
United States 5-20 Bonds have risen / per cent.

viz., to 641 to f ; but Erie and Illinois Central
Railway shares aro unchanged, at 37} to i, and

nto respectively.
International Financial shares are now quoted
11 to 1i dia. ; London Financial, 15 to 13 dis. ;
General Credit, 1 to 111 dia. ; Credit Foncier,
ili to 1 dis. ; and National Discount, 7 to

prem.
The gold operations at the Bank yesterday com-
prised a purchase of 100,000 sovereigns received
from Alexandria, and a withdrawal of about the
same amount for Germany.
The Douro, from Brazil, has arrived at Lisbon,
with 46,398!. in specie.
The small amount of bar silver by the West
India packet was sold yesterda.y at Gs. 1;?.d. per
ounce, showing a recovery of 1.4., and the 'Mexican
dollars at 55., being unaltered.
Messrs. Dadabhai Naoroji and Co., East India
merchants, of Great St. Helen's, have stopped pay-
ment, owing to losses in cotton and other produce.
The liablities reach about 300,000/.
The North Eastern Railway traffic return shows
this week an increase of 2,2231. over last year
the Lancashire and Yorkshire, an increase of
4,068/. ; the Manchester, Sheffield, and Lincoln-
shire, an increase of 1,6331. ; the North British, an
increase of 2,343!.; the London, Chatham, and
Dover (including the Metropolitan Extension and
branches), an increase of 3901. ; the Metropolitan
Extension, an increase of 2071.; and the Kent Coast,
a decrease of 120/.
The meeting of the Oriental Inland Steam
Company took place yesterday, when the directors
report was adopted. It stated the gross earnings
of the company's vessels during the six months
ended the 31st of March at 26,8001., against
20,523/. in the corresponding period of the preced-
ing year, showing an increase of 6,277/. It was
remarked that the company have now five steamers
fully at work upon the Upper Indus, and t:iat there
is every prospect that they will not only earn sum-
cient to pay the bondholders, but also to yield a
small dividend to the shareholders.
The sth instalment of 20 per cent. is due on the
14th of July on the Great Northern Railway Coin-
panv's ordinary stock, dividend deferred.
The interest due the 2nd July on Canadian Con-
solidated Five per Cent. stock is announced for

BANK OF
An Account pursuant to the Act
week ending ou Wednesday,
isstit
Notes issued .. •... L 2.9,170,535 I

LN.170,535

BAN We LE
Proprietors' Capital a 14,553,000
Rest . ... .... 3,533,374
Public .....
Its ....
eluding Escheq.,
Bar. Banks, Com-
mie. ut National
Debt, and Div.
Aceourts . ..... 7,965,331
Other Deposits 20,339,750
Seven day and other
............ 659,318

• L 47,450,813

25, 1844.

payment in due course.
Subjoined is Messrs. Culverwell, Brooks, and
Co.'s report of yesterday's hide sales :
At the twelfth series of hide sales for the year the
quantities offered were only small ; a fair demand W4IF
experienced and prices show a slight general advance on
last sale's rates. East India—Ox and Cow : Calcutta
were in fair request, the home trade were the chief, while
exporters were but very small buyers. Prices were iirta,
to in wine instances an advance of id. per lb. Msdras
sold at full prices to an advance. The analis's of :Le
sales is 33,970 Calcutta new parcels, 31.C.22 brought for-
ward from former sales, and 1,531 Madras, &c.—in all.
67,1::3 bides, of which 51,000 were sold. East Indian—
Butf alo : Nearly all bought in. Leather—East Indian sold
at very full prices. Australian was in good demand, and
for the portion sold late rates were obtained. Sabell
Hides—Australian were in good request, and in some
instances an advance of O. per lb. was realises' • the e7:-
treme prices obtained were for a very prime parcel. Cape
sold at higher prices. South American all bought in.
Horse Hides—South Americen mostly bought in. Dry and
drysalted Hides—African hold well. Mauritius and Moga-
dore were mostly passed. hark—Mimosa mostly sold at
decline of Is. to 10$. per cwt.
The return of the Bank of England for the week
ending Wednesday, June 27, comparedwith that
for the previous week, shows the following changes:
Circulation issue E29,170,535 Decrease £3,575
Circulation active 24.8V,990 Decrease 2-$2,800
Public deposits 7,965,331 Increase 070A7
Other deposits
Government securities in
banking department 11,348,454 Increase 200,091
Other securities in banking
30,883,810 Decrease 325,352
department
Coin and bullion in both
departments
Seven day and other bills 559,318 Decrease 25,760
The Rest
Notes in reserve
Total reserve (notes & coin)
in banking department 5,218,409 Increase 474.079
The Bank's loss, in the shape of withdrawals of
private deposits, has been more than made up by
the influx of government deposits, and, as the
securities have at the mane time diminished, a
fresh increase of 474,0791. has taken place in the
reserve. The coin and bullion have likev-ise
ic-
creased 191,2791. Yet, in spite of these favourable
changes. the Bank directors refuse to reduce their
rate of discount.

ENGLAND.
7th and eth Vie., e. 32, fcr the
the 27th day of June, 1466.
'ARTMENT.
llovenunent debt C11,01f,100
Other securities 3,444,900
Gold cots and bul-
lion
Silver bullion ....

14,170,536

LAI4 0,U.,

iPSlVricrer.
Government Secu-
rities (including
Deadweight An-
nuity, L11,545,45.4
Other Securities so,bss,sio
Notes
Gold and Silver
Coln

t. 47.450,673
W. MILLER, Chief Cashier.

THC RBDAT EV msg.
Consols, closed yesterday at 87 to ex
div., for the 10th of July, opened this morning at
864 to 87, and closed at 86a to a. For money the
last price was M•/ to a. The official business report
is as follows :—Three per Cent. Consols, for money,
66/, 7,6 a, #, ; ditto, for account, 87, 6/, a •
Three per Cents. Reduced, 861, 6, a, ; New Three
per Cents., 86f, r 4, 6 ; India Four per Cent.
Debentures, 100 ; ditto Bonds, ss. prem.
Indian Government Securities were very quiet.
The March Exchequer Bills remain quoted 10s. dis.
to par, and the June ss. dis. to 51. prem.
There was less demand for foreign stocks, but
the tendency of prices, on the whole, was not un-
favourable. Egyptian Bonds were again in request,
and rose 1 to 2 per cent. ; Russian and Venezuelan
also improved 1; Brazilian of 1865 and New Gra-
nadian, ex all," ; and Turkish of 1865, I.
On the other hand, Prlyrian of 1865 declined 1 ;
Italian of 1861 and Turkish of 1862, ; Mexican
(Old), Brazilian Scrip, Greek, and Spanish Certi-
rates, ; and Passive, 1.