The Express.
London, England, 1861-03-21 00:00:00

MONEY MARKEI,(THIS DAL)

REDUCTIoN IN THE BANK BATE OF

DISCOUNT.

Two °limit.
The Bank of England have this day reduced the
minimuut rate of discount from 8 to 7 per cent.
The measure, having been fully anticipated, has
had no Wee: upon the stock markets, which are
rather flat. Comiola are quoted about 1-16 per
cent. lower than yesterday afternoon. In English
railway stock 4 au average decline of per per cent. has
taken ',lack•.

The Bank of France has reduced its rate of dis-
count front 6 to 5 per cent.

At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Rentee opened at
68fr. 12c., being nearly per cent. worse than yes-
terday.

Consols are officially marked 911 and 92 for
money, and 921 for the account. The present
quotations are 911 to 92 for moth, and 921
to 1 for the. 10th of April. The official
business report is as follows :—lndia !Stock,
220 ; ditto Five per Cent. Stock, 1001 ;
ditto scrip, 1001 ; ditto Four per Cent.
Debentures, 1859, 961 ; ditto Bonds, 27e., 20s.
dim. ; Exchequer Bills, March, 35., 2a. prem. ;
ditto, June, 10s., die.

The foreign stock market is rather quiet.
The inquiries for Mexican Bonds are not
quite so numerous as yesterday, but the
price is steady. Turkish Bonds are likewise
well supported ; the Loan of 1854 is quoted 76 to 1,
and that of 1854, 56 to 1. Sales are recorded as
follows :—Dutch Two-and-a-Half per Cents.,
634 (exchange 128.); Equador New Consoli-
dated, 12i ; Mexican Three per Cents., 241 ;
ditto for account, 241 ; New Grenada Active,
16/ ; Portuguese Three per Cents, 1863,
46/ ; Russian Three per Cents., 1859, All ;
Turkish Six per Cents., 1864, fur account, 75 ;
ditto Six per Cents., 1858, for account, 551, 56, 1,
ex div. ; ditto 1001. Bonds, 68 ex div. ; ditto Gua-
ranteed Four per Cents., 1001.
Eight thousand pounds in gold was purchased by
the Bank yesterday. The Kangaroo, which sailed
yesterday for New York, took only 2,4001. in
spsxie and the Borwiaia 10,0001. in bar silver.
The New York, which also left yesterday, had no
specie ou English account on board.
The Liverpool cotton market yesterday was very
active, the sales reaching 25,000 bales. Prices
exhibit the important advance of id. since last
Friday.
At Lloyd's the premiums for outward risks to the
northern American ports have not yet experienced
any change. Homeward risks from the lower or
southern ports are done generally " free from cap-
ture, hostilities and effects of popular commotion,"
and in a few instances where it has been desired to
cover this risk 30s. additional premium has been
given, but until the next American mail arrives it
is uncertain what additional risks attending com-
merce may develop themselves.
At the meeting of holders of New Grenada
Bonds, held yesterday, the arrangement entered into
with the government of that state was ratified. A
committee of bondholders was appointed to consider
the best mode of dealing with the lends *aligned by
the government. . . .

G;eat disutisfaction was expressed in the Stock
Exchange yesterday by persom interested iu Equador
Bonds in consequence of the discovery that the fact
has hitherto been suppressed of a remittance of
5,0001. having recently come forward on account of
the bondholders.

In the Bankruptcy Court yesVrtlay a second clan
certificate was awarded to Mr. Bryan, of the firm of
Poole and Bryan, shoe manufacturers, of Now
Oxford-street and Northampton, whose partner
(Poole) has been sentenced to penal servitude for
fraud.

The London and North Western Railway traffic
return shows this week an increase of 2,2921.
(owing partly to the Liverpool Races); the Great
Northern an increase of 1,1621. • the Great
Western MI increase of 1,3121. ; and the London
and South Western an increase of 1,9961. It is
understood that the forthcoming return of the
lAncaahire and Yorkshire Railway Company will
show an increase of 1,11001.
' The Great Northern Railway Company have no-
tified that in future their traffic returns will be
published a week earlier than heretofore. Their
practice will thereby be assimilated to that of the
other principal railway companies.
We understand that the petition of the United
Kingdom Electric Telegraph Company (Limited)
will come before the standing orders committee
of the House of Commons to-morrow. Petitions
from many of the principal towns in the United
Kingdom, including Liverpool, Manchester, Bir-
mingham, Bristol, Hull, Newcastle, and Leeds,
signed by bankers, brokers, shipowners, and others,
as well us from various chambers of commerce,
have been presented to the committee in favour of
a suspension of the standing orders of the house,
so as to allow of a new bill being passed this ses-
sion. A similar petition has been numerously
signed by leading houses in London. Irrespective
of this, owing to agreements which this company
has wade with various canal companies, and front
the permission of the trustees of the turnpike roads,
the lines to Birminghani, Manchester, and Liver-
pool are being prosecuted with activity under the
direction of Mr. Robinson, the company's engineer.
It is believed that the public may be enabled to
send their telegrams for one shilling by the month
uf Mac next.

- .
Subjoined are the latest (loots- tions ofinsuratiek
gas, dockt and other shares, as given in the last
Stook Exchange list:

Insurruce—Atlas, 13i ; Argus, 30, 29 ; Clobe, 100 ;
London and Provincial Marine, 2 ; Marine, 954 ; Ocean Marine, 74 ; Phoenix, 166 ; Rock Life, 84, ; Thamea
and Mersey Marine, 3; Universal Marine, 3.
Gas—Brighton, ?. 2 , 4, ex div ; City of London, New, 7;:,
ex thy. ; ditto B, G 4, ex div. ; Commercial, 314 ; Impenal,
804, 80 ; ditto New, 544 ; iendon, 614 ; ditto Blue Pre.
femme, Gl4 • Westminster Chartered, 724.
Dislci—Ealt and West India, 1174; St. Katherine,
554, 56.
Waterworks—Red* 44 ; Southwark and Vauxhall, US.
Csaal—Regent's, 23.
The Dutch Rhenish Railway Company announce
the payment of the interest, due the let prox., on
their loan of 4,800,0008.
The annual meeting of the London Printing and
Publishing Company is called for the 301.1 i inst.,
when a dividend is to be declared.

With regard to the wine trade, the monthly cir-
cular of Mr. F. W. Cosens says :
.Nnes addressing you by the last mail our wine and spirit
market has been eomewhat inactive, owing partly to the
preFautioaary measures taken by the Rank of Englind in
maintaining an unusually high rate of discount, and a feeling
of uncertainty (which existed until within the last few days)
u to an alteration in the present mode of levvin4 the duties
on wines. Now that the government have decided not to
make any change, fresh confidence will, doubtless, be infused.
Late in the met month, the leading cognac houses issued
their circulars, fixing quotations for vintage 1860 : at Pre-
sent, however, this has failed to impart a stimulus to ope-
rations. The Board of Trade returns for the past rear
prom beyond doubt that the consumption of wine is steadily
Increasing.
With reference to the market for American secu-
rities, Mr. E. F. Satterthwaite reports as follows :
The market for American eecuritiesdnring the. pie, week
has been without violent fluctuations. The arrival of the
President's address hail been looked forward to as likely to
muse a marked change in prime. The only effect, en far,
has been to cause a slight decline, Illinois Central closing
dull at 2... discount ; and Erie shares at 97 per share. State
and railroad bonds are more inquired for, and are not freely
offered.
The ships Thomas Sparkes and Bowden have
been taken up for the conveyance of government
stores to Calcutta and Bombay respectively.

Murmur/ Itacurr Marcum—The Oxford and
Cambridge racket matches will take place as Prison's Club,
Hens-place. Slosnestreet, the double match to-mormw,
the tied init. Merin. Ainslie and Sainabury will repre-
sent Cambri.lze, while Messrs. Walker and Kennard will
play for Oxford. The sing'.e match will be played on
Monday, the 2.lth, when Meatus. Walker and Aiu.lie will
contend fur their respective univenities.