The Express.
London, England, 1861-02-16 00:00:00

117 141li

COMMERCIAL AND MARKETS

TALLOW MARKET.—(THIS DAY.)
The mast is steady, at the subjoined prices :—Peters.
berg Y.C., on the spot, 535. 9d. to We. p February,
53e. 6d. ; March, Mi. 9d ; April to June, 581. 01.; October
to December, 561. 6d.
MARKET AMUCK& —Town tallow, 60e. 3d. ; fat by
ditto, 3s. lid. ; yellow Russian. 61s. 6d; melted stuff,
40a 6d. ; rough ditto, lid 6d. ; tallow graves, 181.;
good dregs, 7s.

HAT HARKFT.-cTHIS DAY.)

Mew.. Davis and 00. rwmi trod* •al• dull at lasi
day's prices, vit. :—Prime meadow bay, Tbs. to 840. ;
superior ditto, 90s. to 110 s. ; infe do., 40s. to 574.
rowen, 30s. to 50s. ; clover, old, 95.. to Übs. ; ditto in.
°owl eta, 70s. to Ns.; straw, 325. to 430.

COVENT GARDEN.—(THIS DAY.)
Supplies of winter greens are improving both in quantity
and quality. Continental contributions, also, eootinue to
be imported. Pine apples and grapes have altered but
little since oar last. Orange* may be obtained at about
last week's priers. Good cobs may be had at from Is. to
Is. M. per lb. Cornish broccoli is still arriving in cratefuls,
and in excellent condition ; good single heads of it realise
from 51. to 4d. arch. Asparagus, French beans, and sew
potatoes may also be hail. Cucumbers are scarce. C'ut tlowen
chiefly consist of orchids, lily of the valley, Chinese
primulas, violets, mignonette, camellias, heaths, and LOOK

V°a: 1.

MONEY MARKET.-(THIS Dill.)

Two o'CLocx.

The funds to-day are not quite so firm asies-
tertlay. A decline of i per cent. has taken place.
Little business is going forward. The other de-
partments of the Stock Exchange are inanimate,
but steady.

At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Rentes opened
at GBfr. 15c., being if per cent. better than they
closed yesterday.

The scrip of the New Indian Loan has been
dealt in at 1001 to 1, being steady.
Consols are officially marked 91i and 1 for
money, and 92/ for the account. The pre-
sent quotations are 911 to for cash,
and 92, " buyers," for the 7th March. The
official business report is as follows :—Bank Stock,
239 ; Three per Cents. Reduced, 911, 3 ; New
Three per Cents., 911, 3 ; Thirty years Annuities
expiring in April, 1885, 16 ; India Stock, 220,
222 ; ditto, Five per Cent. Stock, 100/, 4,
; ditto scrip, loin, ; Five per Cent. "en-
faced" rupee paper, 941 ; Exchequer Bills, 55.,
65., 25., dis.

Mexican bonds are steady, at the late improve-
ment, and so are likewise the Spanish Coupon
Certificates. The Turkish loan of 1864 is
quoted 691 to 701, and that of 1838, 56 to 1. Sales
are recorded as follows :—Brazilian Old Five per
Cents., 991; Dutch Four per Cent. Certi-
ficates, 100* ; French Four-and-a-Half per
Cent. Routes, 97fr. 50e. (exchange, 25fr.) ;
Mexican Three per Cents., 24* ; ditto for
account, 24*, ; Russian Five per Cents.,
1041 ; ditto Four-and-a-Half per Cents., 91*,
1, 1 ; Sardinian Five per Cents, 81* ;
Spanish Passive, 181 ; the Committee's Certifi-
cates, 61, .1, 1 ; Turkish Six per Cents., 1854,
for account, 70} ; ditto Six per Cents., 1858, 551;
ditto for account, 561., 551, 561, 56, ; ditto
Guaranteed Four per Cents., look, ex div. ; ditto
for account, 100. _ _

HALF-PAST Two o'CLocc.

Consols exhibit a fractional reduction, compared
with the prices current at 2 o'clock. The present
quotations are 911 to I for money, and 911 to 92
for the account.

The public, who have suspended judgment upon
the policy of the advance in the Bank rate of
discount to 8 per cent. until this week's return is
before them, will find little in it tending to explain
the step. There are no alterations but those
which were generally expected. From the activity
of the demand at the Bank it was known that the
private securities must have increased considerably.
The increase proves to be 793,9881. It was also
known that, as 400,000!. in silver was
purchased from the Bank at the close of last week
for exportation to India, there would be a decline
in the bullion. The fact that, in face of a decrease
of only 261,8041. in the bullion, and a decrease of
only 72,4291. in the reserve, the rate of discount
has been raised from 7to 8 per cont.—a point un-
precedented, except on two occasions, in the
history of the Bank—is calculated to increase the
public surprise. The Bank directors are said to have
taken alarm at the idea of a resumption of a flow
of gold to America. Their policy will probably be
severely criticised in nearly all quarters. The con-
solatory feature is that the extraordinary tightness
in our market will, in all likelihood, determine a
flow of capital hither. Already the continental
exchanges have responded in rather a marked
manner.

The provincial advises report general surprise at
the rise in the Bank rate of discount.

There was a meeting yesterday of the representa-
tives of the joint-stock banks and discount esta-
blishments, when it was decided to make no altera-
tion iu the rates allowed for loans.

Messrs. Dent, Palmer, and Co., have advortiaed
the dividend on the Turkish loan of 1858, and
Messrs. Gibbs and Bons that on Anglo-Peruvian
Four-and-a-Half per Cents. . .

There were no 'transactions in bullion at the
Bank yesterday. The Tentonia, from New York,
has brought 1,8801, in specie.
Subjoined is a list of the ships known to be on
the way from Melbourne to England with an ag-
gregate of 621,6001. in gold : the Clutha and
Champion of the Seas have larger amounts than
previously mentioned, additional stuns having been
placed on board :
Gold on hoard.
Name. Mailed. Dap at Sea. Ounces. Value.
Clutha Nov. yl .... Si .... 99,647 L1f2a.900

Emeez
Champion of W Roos
11ehe

Moray ..

D;L

Lincolnshire .. i

ii :::: iiiti

:

7.
_i

it;;:reti;

" Ii

~:

Ml;ii)
80,500
m,OOO

13,070

ii:iii

"a:tii

*iii

Ocean Mist

iii.ioio

6!,000

ii.iii

i;:aoo

90,000

iiiii

•155.303 ted1.5410

Owing to the rise in the value of money here,
there was an almost general improvement yesterday
in the foreign exchanges. The rates in several
instances are now approaching a point at which
capital will be attracted to this country. The rates
are shown below :

Amsterdam, 3 months, 11.191 to 12; ditto 3 days, 11.17
to 18 ; Rottentam, 3 months. 11.191 to 12 ; Antwerp,
3 months, 25.60 to 5 ; Hamburg, ms. banoo, 3 months,
13.81 to 1• Feria, 3 days' sight, 15.Z5 to 35 ; ditto
S months, 25.65 to 70 ; Frankfort•on.the•Maine, 3 months,
1181 to e ; Petersburg (per rouble), 3 mtatha 34 to 1;
Trieste, elf. 6a., 3 months, 15.40 to 50; Madrid, 3 months,
481 to f ; Wu, 3 months, 481 to 49 ; Leghorn, 3 months,
25.95 to 26 ; Genoa, 3 months, 25.75 to 85; Naples,
menthe, 391 to 1; Lisbon, 90 days, 521 to ;p
90 days, RI to 1.
The Grand Russian Railway Company have
issued a circular inviting subscriptions for 200,000
bonds, of 500 francs (2014 cash, bearing 20 francs
annual interest, to be issued at 365 francs per bond,
and redeemable at par.
The Liverpool cotton market yesterday was very
inactive and heavy.
The Eastern Counties Railway dividend was
officially announced yesterday at the rate of only 21
per cent. per annum, with a surplus of about
5,0001., against 3 per cent. per annum at the cor-
responding period of last year ; and the South
Devon Railway dividend at the rate of 2 per cent.
per annum, against 11. 13e. per cent, per annum
last year.
At the half-yearly meeting yesterday of the Peel
River Land and Mineral Company, the directors'
report was agreed to. It referred to the satisfac-
tory state of the live stock, and to the prospect of
more than an average wool clip, with an adequate
supply of labour for shearing it. This was not a
dividend meeting.
It is stated that the negotiations for a contract
for the carriage of the French mails to America by
the Galway Company's vessels are so far arranged
as to justify the expectation that a satisfactory
conclusion will shortly be arrived at.
The Caledonian Railway traffic return shows this
week an increase of 1,0041.

The directors of the Chartered Mercantile Rank
of India, London, and China have declared a half-
yearly dividend f 5 per cent. free of income-tax.
The directors of the East India and London
Shipping Company have intimated that the first
steamer, the Indiana, will leave the Victoria Docks
on or before the 10th of May.
The London colonial wool sales are fixed to com-
mence on Thursday, the 28th February. The fresh
arrivals since the beginning of last sales comp 9
rise
"Van,6s6Dibeidemes'n'viz.s La:-Bnd,Y4san9eY;' A3d6selail ;dVe,icemilL2,672 ;7,Nlesw;
Zealand, 1,129 ; Swan River, ; Cape of Good
Hope, 13,750 ; total, 29,656 bales. A further
quantity, especially front Victoria and Adelaide, is
expected to reach here in time for this series. A
good assortment of Odessa merino wool aill also
most probably be offered.
The Bate Carnie and Wagoola have arrived from,
China with 1,100,600 lbs. of tea and 1,521 bales
of silk.

The return of the Bank of england for tho week
ending Wednesday, Feb. 13, compared with that
for the previous week, shows the following changes :
Circulation issue
Circulation active
Public deposit% ........ .
Other deposits .. ........
Government heCtllitiell in
banking department 8,444,776 No change.
Ot he nee in% tie% iu liankMg
department .......
Coin and bullion in both 20,728,396 Increase 793,968
departments 11,571,332 Decrease 261,504
Seven thy and other bills 615,735 Decrease 39,646
The Rest ............ 3,499,168 hereon 13,373
Notes in reserve
Total reserve (notesatwin)
in banking department 6,366,172 Decrease 72,429
The amount of silver bullion held by the Bank
has beeu reduced from 1,268,34111. to 648,3621. by
the sale previously referred to.
The Gatette specie statement for the week ending
Wednesday lust gives the following totals, via.:
Imports of gold, 244,9261. ; exports of gold,
105,9171. • imports of silver, 21,2961. ; exports of
silver, 4,5131.

LAS[ OF ESOLAND.—An A(
and nth Vic., c. 32, for the wet
U, 186 L

MIN MN
SOWS Issued 425426,005

£23,22006
DAMIZIKI DI
Prlrletore Capital £14,653,000
Re
Public Depmas (in-
cluding Exebeq.,
Bay. Banks, Com-
mis. of National
Debt, and Dir.

mint purtnant to the Act 7th.
endlug uu Weducolui, hi.

Government debt.. f 11.015.100
Other recurithu . 3,459,900
Gold coin end bul-

lion
Silver bulllou

£25,28,005

PASSIIIMT.
Government Peen-

Accts.)
Other Deposits 12,101,148
Seven day sad other
1115,735

rifles (Includin`
Dead Weight An-
nuity)
Other Securities
Notes
Gold and Silver
Coin 820,327

L35,503,344_

L.13,629,M4
MARSHALL. CUM Cashla.

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