The Express.
London, England, 1857-06-12 00:00:00

MOIYBY NARKBY.--THIS DAY.

Two o'CLooc.

The funds to-day show firmness, although prices
are quoted a shade below the advanced
quotations which were attained after the
recognised hours yesterday afternoon, upon the un-
founded rumour that the Bank of France had re-
duced its rate of discount. The highly fa
vorablevurae
return just put forth by that establishment
strengthen confidence.
Consols for the 9th of July, after receding or a
moment to 931, ex div., " sellers," hifve recoverfed to
931, " buyers." For money Consols are marked 94
(cum div.); the Three per Cents. Reduced, 921 to
; the New Three per Cents., 92/ to 1; Bank Stock
212 to 214; India Stock (shut), 223, with thy. for
money ; Exchequer Bills 2s. prem.; Exchequer
Bonds, 1839, ton ; and India Bonds, 6s. dis.
Turkish Six per Cents. are a trifle flatter, at 95
Win' The Guaranteed Four per Cents. re-
firm, at 1011 to 1. Spanish Deferred
Three per Cents. are more inquired for, and are
marked 231 for account ‘l6th June). Brazilian Old
Five per Cents. have been dealt in at 100;;
Dutch Two-and-a-Half pet. Cents., at Gn (exch.,
126.) ; ditto Four per Cent.Certifs., at 971; Peruvian
Four-and•a-Half per Centa., for.- account, at 761,; and
Portuguese Three per Cents., 18,53, at 461.
After the close of the Stock Exchange yester-
day a rumour gained circulation that the Bank of
France had reduced its rate of dis.-ount, and upon
tftis, coupled with some large purchases by a
leading "jobber; the market /evinced great
strength. It transpired subsequently, ,however, that
the French funds had closed scarcely so good as on
n
Wedneoloy, and this circumstance tended to weake
belief in the accuracy of the report referred to.
Throughout the day the stock markets derived great
support from the decided improvessent which. is
taking place in the poeition of the Romig of England.
It is calculated that, including the pun' rases effected up
to yesterday,the establishment must n OW hold at least
10,800,0001. in gold, and that the rea, Tree of unem-
ployed notes, which stood in the last pul 'dis
Inhed return
at 4,723,9201., will at the end of the pre., tNI eek cer-
tainly exceed five millions and a half. 'Ff woe changes
naturally point to a reduction in the rate , of discount
at an early date, provided that no ne w adverse
feature arises in the money market.
To-morrow will be " making-up day" in tbe share
market. The fortnightly settlement will . be com-
pleted on 'Needs), next.
The Arago, from New York, his br ought
1,038,000 dols., or say 211,600/., in specie on firigbt,
of which 141,6001. is for Havre, and 70,0001. for
England. The latter sum, consisting of Ameri *row
eaglm, reached London yesterday, and was parch'. ied
for transmission to the Continent, to par for silver.
The City of Manchester, from New York, has aladri
brought 2,0001. in specie.
The steamer Jura has arrived at Southampton,
from Alexandria, with 48,0001. in Australian gold
on freight. This remittance, which was brought to
Suez per the steamer Columbian, is expected to
reach London to-day (Friday).
The steamer Thessalia has arrived from Constan-
This vessel is known to have at least

e.
12,0001. in sovereigns on freight.
Of the 246,0001. in gold by the Kent, from Mel-
bourne, 26,0001. was yesterday bought for exportation
to the Continent.
The imports of silver from the Continent, for ex-
portation to the East by the steamer Pera, on the
20th inst., continue on a large scale. The Seine and
the Rhine have both arrived in the River Thames,
from Boulogne, the former with 51, and the latter
with 9, cases. The value of these two remittances
is probably about 50,0001. Considerable
raquantities
of silver also reach London from Fnce, rid
Boulogne and Folkestone.
The Arnon has arrived from Launceston, but is
not known to have any gold on freight.
The Wild Flower has arrived from Foo-chow-foo.
At a special meeting of the Globe Insurance
Company, held at the offices, in Cornhill, yesterday,
Mr. T. M. Weguelin, M.P., was unanimously
elected a director, in the room of Mr. Boyd Miller,
who has resigned.
The annual meeting of
_proprietors of the Union
Bank of London is: called for the 15th of July.
The directors who retire are Mr. John Chapman, Sir
John Musgrove, Bart., and Sir Peter Laurie, all of
whom offer themselves for re-election.
A special meeting of the London and North
Western Railway Company is called for the 26th
instant to consider and approve several bills now
pending in parliament, one of which authorises ar-
rangements with the Shropshire Union Company,
whilst another authorises the construction of a rail-
way to run from the North and South-Western Junc-
tion line in the parish of Ealing, to Richmond.
This line is to he called the Richmond and Kcw

Extension Railway.
A special meeting of the South Wales Railway
Company is called for the 26th instant, to consider
a bill " for making railways between the city or
Bristol and the South Wales Railway, in the
county of Monmouth, with a steam ferry across the
river Severn." The shareholders will aim be asked
to sanction an arrangement for the construction of,
the Pembroke branch of the South Wales Railway.
The first half-yearly meeting of the New Bruns-
wick and Canada Railway and Land Company is-
called for the 30th inst.
Another auction of the foreign redeemable debt of
Spain is to take place at Madrid on tbe 30th inst..
The sum assigned by the government is 375,000 male. ,
A petition for t'..e winding up of the Timber Pre.,
serving Company is expected to be heard before%
Vice-Chancellor Wood on the 27th inst.
The half-yearly interest is advertised on the etealet
of the London, Tilbury, and Southend Extension...!
Railway.
With reference to the market for American sees.
ritics Messrs. 1). Bell, Son, and Co., report all

- - -
follow:
The market for American seminal daring the plekwaeg
Lae exhibited no Ages of increamd animation, sad Li4oo.*/
without alteration.

Tlll'll9Dllt NiaiMi. .
The weekly court at the Bank to-day breast up
without announcing any change in the rata of die.
count ; yet, although some parties had been
sanguine enough to hope that a redintiOn. r .f the
rate to 6 per cent. might be decided upon,to-ds y, the
funds maintained great firmness. Towanda eae ter-
mination of business buyers came twiny' I more
freely, and prices left off about ,I. lialt as t. better

than yesterday.
The demand for money in the discount market Was
today moderate. In the Stock Exeb sage there
was a fair demand.
Consols, which closed yesterday at 931 ex div.
for the 9th of July, opened this miming at 93 to 1,
and were quoted at the close of the Stuck Exchange,
931 to 1. After 4 o'clock the price touched 931,
" buyers," upon the rumour relative to the Ilank of.
France, and was finally quoted 031 exactly. A few
transactions continue to take place in Coxe,‘,ls for
money, although the transfer books are •Jow closed.
The official business report is as follows :
Three r Cent. Console for money (d gut), 931,941,
with diepe.; ditto for account, 9th 3 Ay, 93, 93t ex
Illamtjik Stock, 2121, 214.
die. Three per Cents. Reduced, 9` At, 1, New Are°
perin
Jan., 1860.2
92. ,29211..16921. ,
tAon99ns.., expiring
Three-and-a-Half per Cent. E,xehequer Doak failing
Payable in 1858 and I&,J, 981, 1. India Bonds,
3e. dis.
Exchequer Bills reretiin quoted 2s. die. to 2s.
Turkish Si:
prem., and Exchequer. Bonds, 981
k •
Per vents. show a further improve-
ment of per cent,
closing at 931 to 96. The Gua-
ranteed k onr Te.r Cents. remain firm, at 1014 to I.
Other foretri 'stocks were very quiet, at former
rates. '
----.

COSMOPOLIT LIFE ASSCRANCE COYPAYFr
It has been found nectoo.ry to matte • call of U. per share on
the shareholders to meet outstanding defile.