The Express.
London, England, 1857-06-18 00:00:00

MONEY MARKET.-THIS DAY.

Two o'CLocu.
REDUCTION OF THE BANK RATE OF
DISCOUNT.
The directors of the Bank of England have to-
day reduced the rate of dieoount from 61 to 6 per
I cent.

The announcement produced a rally of only 1 per
cent. in the funds, and even this has since been lat.

?rims are now quoted the same as they dosed
yesterday. Railway shares, however, are now

Mather better.

Consols improved to 931 to ,t, upon the altera-
tion at the Bank, but have since relapsed to
931, " sellers," ex div., for tho 9th July.
The Three per Cents. Reduced are marked 921
to 1; the New Three per Cents., 921 to 93 ;
Bank Stock, 2121; Exchequer Bills, 4e. din. to par ;
Exchequer Bonds, 961; and India Bonds, 3e. din.
' Turkish Six per Cents. have risen to 961 to I.
The Guaranteed Four per Cents. are firm, at 1014
tit Brazilian Five per .Cents., 1829 and 1839, are
iserited 100. Peruvian Forir-and-e,Half per Cents.,
"TT to 77} ; ditto, for amount, 77 ; Portuguese Three
per Cents., 1853, 46t ; Russian Four-and-a-Half pee
Cents., 98 ; ditto, Small Bonds, 941; Sardinian Five
pow Cants., 891; and Spanish Deferred Three per
per Cents., 261 and 26.
In the diecountMarketiestertley morning there was
a good desnand for mow,- but in the afternoon the
supply in most quarters was ample. In the Stock
Exchange loans on • government securities were
rather eagerly sought for in the earlier part of the
day at 'Wet 61 per cent., but the demand subse-
quently slackened.
The rate of discount at Hamburg has advanced,
being now quoted at 6 per cent.
A anon of 14,000 half-imperials, or about 11,2001.,
has arrived from St. 'Petersburg. Ibis remittance
will be purchased far transunamon to the Continent,
to pay for silver.
genehrld°°°6llll°°lladthe rates ofses ievxedehyaeengeterdonaiATTlV:
at Amilprdant on anus
the quotation has become rather
the
=4;44111.064r.L01:.d0b At rile
uotinted'ou2sTurduy
.27 to- 30 for
Shirt. and 94.871 to 90 for 3 months; at Amster-
dam, 11.87! for short ; at Hamburg,. 13.4 for short,
and ts.o} for S 'Months ; at Berlin, 6.18 ; and at
Visalia, 10.11.
Thepapnauirket yesterday was quiet, but Monday's
lame, we.. maintained. The arrivals of foreign
gads ia Leaden this week are limited, and there is
sill •am abssaar of arrivals of floating cargoes at
peel IRAS& Farm nearly all the country markets
hdl ea Taisday higher prices are reported.
I la the emir market a further decline of Is. per I
end. was yesterday submitted to.. •
Aecording to the terms of the DUI relative to the
.Bound Dues, which has already passed the House of
Commena the stipulated sum of 1,125 0001. is to be
Led. Denmark R shin throe months from the prim-
the act. Froze the remarks made by. the
Um ef the Exchequer upon several occasions,
it is inferred that government are desirous of dia-
. ii this liability at an early date out of the
=edema lying at their disposal Discussions
ire low beard u to how far the remittance of this
eam may affect ere Bank's stock of bullion. •
It is worthy of remark that the ordinary stock of
the Great Northern Railway, which for some days
past has been advancing, could not be purchased
below par at the close of business yesterday after-
MOD.
A half-yearly dividend at the rate of 8 per cent.
per annum, together with a bonus of 10 per cent.,
will be payalile on the stock of the National Provin-
cial Bank of England on the 16th of July.
Shareholders in the Lombardo-Veuetian Railway
Company will be entitled to receive on the let of
July a total payment of 7s. 21. per share, viz., 3a.
as six months' interest, and 4s. 2d. as dividend for
the last six months of 18.56. The third call of 21.165.
per bond (less 6s. as half yearly interest) is to be
paid on the bonds of this company by the 16th of
July.
A special meeting of the London and South
Western Railway Company is called for the 2nd of
July to consider a number of bills, one of which is
for making a railway from the London and Smith
Western line at Wimbledon to Epsom. This pro-
t is not promoted by the London and South
Western Company, but by other parties.
A special meeting of the Birkenhead, Lancashire,
i and Cheshire Junction Railway Company is called
for the 4th of July at Birkenhead, to consider a bill
which authorises the company to purchase or hire
steamboats.
A special meeting of the British Equitable Assur-
ance Company is called for to-morrow to sanction
an increase of the capital of the company.
The half-yearly interest is advertised on the seven
per cent. preference shares of the Royal Swedish
Railway. Company.
Subjoined are the latest quotations of insurarce,
canal, and o:her miscellaneous shares, as given in
the last Stock Exchange List:
Insurance Shares:—Atlas, 16, ti, 1; Alliance, British and
Foreign, 171; Church of E , -.lmo, 21; City of tendon, 21;
English sad Scottish law Life, 41; Equoy and Law, 6;
Eagle, 71; European Life, 'Si Globe, 96; Gue'dian, 52
General, 51; Indemnity Marine, 116:; Law Fire, 41; Law
Life, 62; Lepl and Genera Life, 51; London, 321; Me-
dical ]null. end General Life, 31; Marine, 73: Royal
k4,141111e. 2761, 277; Reek Life, 71; 'Caren, aoo ; Fictoda
Life, 51.
Gas and Coto Companies,: Brighton. 141 • Billfish
Provincial, T2l : European. 13., ; Groat Central, 12./ ; Inde-
pendent, 60; Imperial, All ; - ditto, New, 27; ditto, De-
bcuturee, 206; Impreal emit:mail, 62; London Parlia-
mentary Preference, 26; Phceuir., 48; Unitxl General, 201
en div.; Westminster Chartered. 54; ditto, new, ISt I;
Western A, 71, 8 ; ditto Western B, 4.
Canal Shares:—Grand 'undies, 511; Regent's, 161;
Worcester and Birmingham, 161.
Waterworks Stocks : —Bodin, 41; East Iknelnn, 105;
Grand Junction, New, 32t; Kest, GO; Lambeth, tr ,

WETNTIMAT EVINTIIO.

The funds opened flatly this morning, and at one
period a fresh decline of 1 per cent. was quoted. In
the afternoon, howcocr, more firmness pre-
vailed, and the closing quotations were about the
same as those of yesterday. In the other depart-
ments of the Stock Exchange the feeling was less
favourable than yesterday.
Consols, which closed yesterday at 931, "sellers,"
ex div. for the 9th of July, opened this morning at
93 to 1, declined to 921 to 93, and closed at 93 to a.
The official business report is as follows : Three
per Cent. Consols, for account, 9th July, 931, 93,
ex die. ; Three per Cents. Re laced, 921, ; New
Three per Cents., 921, t, I. Long Annuities,
expiring an Jan., 1860, 2 7-16. India Stock, 223.
India Banda, He. dis. Three-and-a-Half per Cent.
Exchequer Bonds, falling payable in 1858 and 1859,
981, 1.
Transactions are also recorded in Consols " for the
opening" (17th July). at 93j and 931 ex div.
A feature of the market is the continued flatness
of Exchequer Bills, which remain quoted ss. discount
to par. Exchequer Bonds were quoted 981 to 99.
Turkish Six per Cents. show a further decline of
per cent., closing at 951 to 961. The Guaranteed
Four per Cents, left off at 1011 to /. Russian
stocks continue in demand, and the Five per Cents.
are marked as high as 1101. There is also a steady
inquiry for Spanish Bonds, which maintain the
cent improvement. At 4 o'clock Dutch Two-and-a-
Half per Cents. were quoted 65 to 68; ditto Four
per Cent. Certificates, 97 to 99 ; Mexican Bonds, 221
to 23: Peruvian Four-and-a-lialf per Cents., 76 to
78. Spanish Old Three per Cents., 421 to ; ditto,
Deferred, 26 to 1.
Bank shares were to-day in several cases better,
including Ottoman Bank, which closed at Ito I
prem., -London Chartered Bank of Australia,
English, Scottish, and Australian Chartered Bank,
and Bank of Egypt. The last mentioned deck
was finally quoted 11 to 11 dis. Australian Agri-
cultural shares were rather better, and Royal Mail
Steam somewhat lower.
Canadian Government Six per Cents. present e
further advance of j per cent.
The nominal elosing.qnotations for the newly pro-
jected railways are wibpsned,vis.: Punjaab Railway,