The Express.
London, England, 1860-12-31 00:00:00

MONEY MARKET.-(THIS DAY.)

ADVANCE IN THE BANK RATE OF
DISCOUNT.

Two o'CLocz.

The directors of the Bank of England, in conga-
quenoe of the continued drain upon their resources,
have this morning suddenly raised the rate of
discount from 6 to 6 per oent.

The announcement has not occasioned any parti-
cular sensation, but has been followed by a fresh
fall of It per cent. in the funds, and of to I per
cent. in most of the principal British iailwaystocks.
The other markets are likewise heavy. Generally,
throughout the Stock Xxolmnge much dullness
prevails.

At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Rentes opened
at 67fr. 60c., but receded to 67fr. 50c., being rather
more than 1 per cent. worse than Saturday.
Consols are officially marked 921, 1, and
ex div., for the account. The present
quotation is 921 to 1. The official business report
is as follows : Bank Stock, 233 ; Three per
Cents. Reduced, 921, 1, 92 ; New Three per Cents.,
921, 1, 92 ; India Five per Cent, stock, 1859, for
account, 1011, ex div. ; ditto Four per Cent. De•
bentures, 1858, 951, 961 ; ditto Bonds, 7s. to se.
die. ; Exchequer Bills, 3s. to 4s. die., par.
Turkish Bonds have fallen 1 to 1 per cent.; the
loan of 1854 is now quoted 701 to
71, and that of 1868, 66 to 57. Mexican
Bonds are more offered, and are last marked
211. Other foreign stooks ►re dull. Sales we
recorded as follows —Brazilian Four-and-a-Half
per Cents., 1860, 861, 1 ; Buenos Ayres Deferred,
301 ; Mexican Three per Cents., 211, 1 ; Porta-
guess Three per Cents., 1853, 47 ; ditto Three per
Cents., 1856, 1857, and 1859, 46; Turkish Six per
Cents., 1864, 701 ; ditto Six per Cents, 1858, 561.
The new year's speech at the Tuileries is awaited
with anxiety; and some interest attaches to the
latest wretched shifts of Austrian finance, which
are generally interpreted to indicate unyielding ob-
stinacy on the part of that government with regard
to Venetia.

The shipments of specie for the United States by
the America, which left Liverpool on Saturday,
amount to 162,6031. making the aggregate during
the last five weeks 1,723,000/.
There were again no billion operations at the
Bank, but the principal portion of the sovereigns
shipped by the steamer America have been taken
duringthe last threedays from the Liverpool branch.
In the absence of supplies in the market, some
amount of bar gold will probably be withdrawn
from the Bank for Spain. The steamer Great Bri-
tain, which is out 66 days from Melbourne, with
474,0001. in gold, is now daily looked for.
from the arrivals of bar silver from the
Bank France, there were no imports of specie
and bullion last week worth referring to.
The Liverpool cotton market on Saturday was
very firm. The sales reached 15,000 bales.
By the 15th inst. the deposit of 10 per cent. must
be lodged on the capital of the railway and other
public projects which are applying for parlia-
mentary powers during the coming session. As
the capital is estimated at between 6,000,0001. and
7000,0001.,, 60,0001. or 70,0001. will be required.
The deposit may be made either in money, govern-
ment stock, or Exchequer Bills. The firmness of
the latter securities, which on Saturday were
quoted 3s. die. to par, in facie of the pressure for
money, is attributed to purchases for this purpose.
Marta Bering Brothers and Co., and (llyn,
Mills, and Co., advertise the half-yearly interest on
Canadian Coneolida:ed Five per Cent. Stock.
Messrs. Dent, Palmer, and Co. announce the
half-yearly dividend on South Carolina Bonds.
The new shoes; of coupons for the Buenos Ayres
Sterling Six per Cent. Bonds are now in course of
delivery by Messrs. Baring Brothers and Co.
The ordinary general meeting of the National
Discount Company is called for the 23rd January.
A special maim; of proprietors of the Union
Bank of Australia is called for the 14th January,
when a dividend is to be declared.

Vio►Chancellor Bindersley proposes on the 17th
January to settle the list of contributories of the
Great Western Coal Company.
The Colonial Life Assurance Company's Alma-
nac for 1861 furnishes a far larger amount of
general and statistical information than is to be
found in most pubFcations of the kind. The colo-
nial etatistios are especially oopious. Attached to
it is a record of the company's progress since May,
1847. During the interval the annual revenue has
increased from 5,290/. to 108,9381., the accumu-
lated fund from 7,5531, to 378,0571., and the total
amount assured from 102,2741. to 2,439,5821.

a&TUIDAT EVIEDIS.

Consols, which closed yesterday at
ex div., for the 10th January, opened this morning
at the same quotation, and closed at 92 7-16 to 4.
The official business report is as follows :—Three
per Cent. Consols, for account (Jan. 10), 921, 4,1,
ex
div. ; Three per Cents. Reduced, 92, 1 ; New
Three per Conte., 92, ; India Five per Cent.
Stock, for aocount, 1011 ax div. ; Five per Cent.
"enlaced" rupee paper, 96.
The Five per Cent. rupee paper remains quoted
9g to 96tandds,the Five-and-a-Half per Cent.,
after showing heaviness, im-
proved at the close : the issue of 1864 left off at 701
to 711, and that of 1868, at 56 to 57/. Mexican
Bonds were quoted 211 to 1. Spanish were
rather flatter. _ . _

Mire has caused some of his Paris organs to
declare that 190,000 bonds of his Turkish Loan have
been taken up. This amounts to only a nominal
capital of 2,400,0001.; and the Constantinople sub-
scriptions are, we presume, included in ri, The
shares in his Caine continue to fall at Paris, owing
to the evidence of weakness presented in the exten-
sion of the period for receiving subscriptions for
the loan.
There was no variation of importance to-day in
the market for bank shares. Royal Mail Steam
and South Australian Land shares were better.
' Great Ship welro'quoted 4a. 9d. to bs. 3d.
The closing quotations for shares in new under-
takings to-day were as follow :—Ooran Marine In-
surance, si to 44 prem. ; Thames and Mersey
Marne, 11. to 14 prem. ; Universal Marine In-
surance, 13.16 to 5-16 prem. ; London and Pro-
vincial Marine, par ; East India Irrigation, 3-16 to
1-16 ; East India and London Shipping Com-
pany, to f prem. ; and Central American Piers,
to 1 prem.