The Express.
London, England, 1860-05-11 00:00:00

TilE

MONBY MAISEL-THIS DAY.

Two o'Ctocu.
The funds to-day are again fiat, owing to a con-
tinuance of political uneaaineso. Prices present a
fresh reduction of 1 per cent. The share markets
generally show heaviness, but the reduction in
prices is not of much importance. There
appears to be a general indisposition
to enter into speculative transactions until the
political horizon becomes clearer.
At Paris this morning, according to Mr. Renter's
telegram, the Three per Cent. Rentes opened
at 70fr. 70c., showing a reduction of 1 per cent.
since than yesterday.
Consols are officially marked 94, 1, and 96 for
money, and 94 for the Account. The presentqno-
tationsare96l to} for cash, an4l96i " sellers,"for the
6th of June. The official business report is as tones's:—
Bank Stock, Z 274 ; Three per Cents. Reduced, 931,
; New Three per Cents., 934, I, ; Thirtx
Years Annuities expiring in Jan. 1880, 131 ; ditto
in April, 1886, 17 7-16 ; Indian Five per Cent.
Stock, 1859, 1061; Five-and-a-Half per Cent.
" eufaced" rupee paper, 1041 ; India Bonds,
dis. ; and Exchequer Bills, Bs., 80, prem.
The foreign stock market is likewise rather fiat
in character, but there is little change in prices.
Turkish stocks are quoted the same as
yesterday aftemion—the loan of 1854 at 764
to I, and that of 1868 at 601 to 611.
Sales are recorded as follows: Buenos Ayres
Deferred, ; Dutch Four per Cent. Certi-
ficates, 101 ; Portuguese Three per Cents.,
1863, for account, 431 ; Russian Three per Cents.,
1868, 461, ex div. ; Sanlinian Five per
Cents., for account, 86} ; Spanish New Deferred,
Three per Cents., for account, 374 ; Turkish Six
per Cents., 1864, for account, 781 ; ditto Six per
Cents., 1868, for account, 611, 801 ; Venezuela
Three per Cents. for account, 261.

The shares of the new London and South African
Bank are quoted 4 to prem., and the second
preference debentures of the Grand Trask Railway
el Canada, Ito 2 prem. The new Victoria Deben-
tures; are slightly flatter, at 104 to 1071.
The step taken yestenlay by the Bank had been
fully anticipated, the terms in the open market being
already to 1 per cent. below those of the Bank,
and 406,0001. in newly-imported gold haring been

sent into that establishment since the date of the
last return. On the 12th ult., when the Bank rate
was railed from to 5, the reserve of notes and
coin was reduced (partly in consequence of the large
withdrawal of notes by Messrs'. Overend, Gurney,
and Co.) to 5,044,8471., and the coin and bullion to
14,637,1021. The return last published has stated
the respective totals at 7,131,2311. and 14,883,3111.
The Directors of the Bank of England possess an
advantage over the public in having another week's
return before them, the character of which is
doubtless favourable.

The joint stock bank* have uinouuced a propor-
tionate reduction in the rates allowed for deposits.
They now give al per cent., being 1 per cent, below
the Bank of England minimum rate of discount.
At the London and Westminster Bank, however,
only 2} is allowed for sums below 5001.

The discount establishments have reduced the
rate for money at call from 4to per cent., and
for money, at a few days' notice, from 4i to 4 per
cent.
At Paris the rate of discount is now 3 per cent.
(bank rate 3k); Vienna, 5 ; Berlin, 34 ; Frankfort,
2 (hank, 3); Amsterdam, 3 ; Hamburg, 21; and ,
Brussels, 3 per cent.
The bullion operations at the Bank ycetenlay were I
trifling. The recent arrivals of gold from Australia
are now nearly exhausted, and there is only 38,0001.
tine front Melbourne.
The shipments of specie for Bombay by the Indus,
which will leave to-morrow, amount to only
41080/., of which 32,7801. is silver and 8,3001. gold.
The Calcutta and China mails yid Marseilles are
expected to be distributed in London to-morrow
morning.
Private telegrams from Marseilles, in anticipa-
tion of these mails, announce • "panic" at
Shanghai, where trade was " suspended," the
rebels having reached the silk districts. The ex-
changeon Loudon had risen to as. 70., showing an
alteration to the extent of about 3 percent. against
England. The exports of tea are dated at
70,099,000 lbs., and those of silk at 56,000 bales.
The stocks of produce were small, and prices
higher. One telegram quotes the exchange at
Houg Doug at 4s. 9d., showing little alteration ;
whilst another reports a rise to 4s. 90., • difference
of about 11, per cent,
The effect of this news will probably be to in-
crease the demand for silver for China. Holders
of silk, anticipating an advance in prices, have
withdrawn their stocks from the market, and now
await the delivery of the letters. The tea market
was also excited, and a large portion of the quan-
tity declared for the public sales has been with-
drawn.
At the indigo sales yesterday rather more auntie.
thin was shown, and the desirable sorts of Bengal
realised somewhat improved prices.
The apparent desire of government to evade
giving an explicit answer to the remonstrances re-
*tooting the infliction of double income tax upon
the holders of Indian native paper excites great
dissatisfaction. It is hoped that a fresh attempt
will be made without delay by some independent
commercial member to obtain au explanation in
parliament. An intelligible answer to • plain
tpeastion can surely be given by the Indian
Secre-
tary. The interests affected are large, and the in-
justice inflicted by the present position of the
matter is keenly felt.
A meeting was held yesterday of the Louth m credi-
tors of Menem. A. Wilson, Nephew, and Co., who
stopped payment at Melbourne on the 12th of
March, upon the receipt of news of the suspension
of Messrs. E. J. Wheeler and Co., their core-
spondenta in Loudon. After some discussion, it was
agreel to metal a power .4 attorney to Australia by
the next mail, in order to allow the interests of the
croditors here to be representod in the colony. The
claims of the English creditor', as far as could Is.
ascertained at the meeting by Mr. Ball, the ac-
countant, amount to 10,7761.
The Eastern Counties Railway traffic return
shows this week a decrease of 392/. ; the Mau-
cheater, Sheffield, anti Lincolnshire, an increase of
1,5611. ; the North Eastern, an increase of 5,6501. ;
the Lamashin. and Yorkshire, an increase of 4,4101. ;
awl the Mellaisl, an increase of 7,1361. It is offi-
cially intatuabil that the last-mentioned company's
',stunts do not include the London cartage receipts,
which an to alsont 3,000/. per week.
Another large marine insurance association is
about to be launched. It has secured influential
support at Manchesterand Liverpool.
Nutiee is given of the final closing t 4 the transfer
hocks .4 the. Geelong and Melbourne Railway COlll-
pa re lsy, preparatory to the redemption of the shares
by the Ir. ver 1111 l rut of Victoria, "due notice of
Which will 63 given."
At the first half-yearly meeting of shareholders
of the London Flour Goupany (limited), bell on
the sth instant, a dividend at the rate of 12 per
cent. per annum was declared.
The annual 'nettling of shareholders in the Am-
sterdam Hill Water Contjany is convened fur the
22nd Met at Amsterdam.
The position of the market for American securi-
ties, is noticed as follows by Mester*. D. Bell, Son,
and Co. :
Dural the pest melt bats very limited basilicas has been
tramacted is aneurism es= sad oar qacadiansan
fur the mat part entirely

TRUNIDAT EVEMIDO.
Consols' which closed yesterday at 961 "sellers,"
for the tith of June, opened this morning at 94,
declined to 96J " milers," and closed at 94