The Express.
London, England, 1861-08-30 00:00:00

MONEY MARKET,-(THIS DAY J

Two WOzoci.

The funds expermeed a fresh rise d per cent,
this morning, owing to the favourable character sig
the Bank acuounta, but have since relapsed to thr
dosing quotations cf yesterday. Themarket is steady
in character. settling day in the rail-
way slum market*, which are less animated than
yesterday. _ _

The ludo loan scrip is .lightly flatter at 104 to
and the stock at 103,7 to
At Park, to-day, according to Mr. Renter%
telegram, the Three per Ceut. Rentsr opened.
at 68fr. 75c., being 5.e. better than at the does
yesterday.

Consols were first marked 93 for the 10th of
September, and are now quoted 921 to
I. For money, the price is 92i to 1-
Sales are recorded as follows : Three
per Cent. Consols for money, 921, 93,
923, 3 ; ditto, for account (September 10),
93, 921, 1 ; Three per Cents. Reduced, 922, 1,
; New Three per Cent., 241, 3 ; Bank Stock, 233 ;
India Stock, 221, 219 ditto Five per Cent. Stock,
104, 103,1 ditto for account, 10.31, ; India Bon 1,,
7a., 3s. prew. ; Exciiequer Bills, Iffarcli, par ;
ditto, June, 7s. preen.
Turkish stocks are steady—the Loan of 1t44
'at79 to and that of 1838 at 641/ to 1. Mexicla
Bonds do not recover. Peruvian remain
firm. Sales ar.- recorded es follows :—Braziliaa
Four-and-a-Half per Cents., 1860, 891 ;
Danish Three per Ceuta., 1825, 831; Mexican►
Three per Ceuta., for account (Sept. 16), 211, 1;
Peruvian Four and-a-Half per Cents., for acooount
(Sept 16), 991; Portuguese Three per Conti., 1863,
461; Russian Four-and-a-Half per Cents., 901 a ;
ditto Three per Cents. 1859, 61/ ; Spanish
Three per Cents., *fur account (Supt. 16), 42;
Turkish Six per Cents., 1858, 69/ ; ditto for ac-
count (Sept. It;), 09i,
_ _ _

In yesterday's measure the Bank directors have
been guided solely by the state of their till, which ap-
pears fully to justify it. The fall in the rates in the
open market to a point still below the new charge at
the Bank goes further to indicate the propriety of the
step. Meanwhile, the exchanges remain generally
in a satisfactory position, and gold continues to
flow into the Bank. Any further action in the
same direction will probably be weighed by the
directors with great deliberation, considering the
deficient harvest in Scotland and Ireland, and the
belief that in England the produce is below am
average. The most satisfactory aspect of the pre.
sent movement consists, of course, in the relief
which it is calculated to give to the commercial
interest, now greatly in need of some stimulus
In oonsequence of the alteration at the Bank, the
joint-stock banks have reduced the rate allowed
for deposits from 34, to 3 per cent., except that the
London and Westminster allow only 2 for sums
below 5001. The discount establishments will •
henceforward give 3 per cent. (instead of 3D "at
call," and 31 (instead of 32) " at notice."
About 20,000/. in gold was tarried to the Bank
yesterday.
' The Shannon, from the West Indies, has brought
386,5001., viz., 235,0001. in silver and 130,6001.
gold. The Magdalena, from Brazil, has reached
Lisbon with 157,186/. in gold and 7,2251. in Mims.
A telegram by the steamer Kangaroo, aid
Race, dated New York, the 21st inst., reportaC°Z
exchange firm at 1071. The stock market was like-
wise firm. Illinois Central shame were quoted 631 ;
Erie, 252 ; and Erie Preferred, 49.
The Liverpool cotton market continues active.
The sake yesterday reached 20,000 bales.
The Board of Trade returns for the month of
July. show that the export trade has at length
received a check so severe that the mainte-
nance of railway traffic at its present range becomes
rather surprising. The month's exports of home
produce and manufactures were 10,094,26C1,
being 2,428,438/. or 19 per cant., less than
in July, 1860, and 1,191,1811., or 10
per cent., less than in 1869. The prin-
cipal manufactures, such as cottons, linens, and
woollens, exhibit the chief falling off, the paralysis
in the American trade Lot being compensated by
any increased development in other direciioua.
For the seven months the total exports are stated
at 70,237,685/., being about q millions, or 5.1!,0 6
per cent. lees than Id each of the two previous
years. is influencing the money market, it is
terestiug, however, to observe thit the imports dgrain and flour, though still large, were in July
much below the average increase in the earlier
months of the year. As regards cotton, the im-
ports from America kept up, and there was a rise
in the arrivals of East India descriptions from
84,088 carts. in July, 1860, to 349,028 in July,
1861. _ _ _

A very unsatisfactory memorandum from the
Committee of Mexican Bondholders describes fresh
outrages against the rights of British subjects,
and, finally, the passage of a defiant vote by
the legislature, by which all payments under the
agreements solemnly made with the foreign creditor*
are to be suspended fur a period of two years--
that is to say, indefinitely. Iu consequence of
this, the English and French Ministers have broke*
off diplomatic relations with the wretched govern-
ment. It now remains to be seen what the govern.
mental of England and France will do.
The following is Messrs. Culverwell, Brooks, and
Co.'s report of yesterday's hide sales :

At the 17th series of public sales for the year all elegem
of bides were warmly competed for, and full prices were
paid for all descriptions. This result is eatiefactory, show.
ing as it doss that the influence of cheaper money sad *
good harvest is telling beneficially upon this trade.
Emit ladle.—Ox and Oow: Wcutta were in great de.
mend, the home trade sad exporters being buyini to a larger
extent than of late, and very full prices were realised for al
descriptions, especially seconds, thirds, and fourths, which'
may be pronounoed dearer. For some brined hides of prime
quality very high prices wore paid, viz., id to d. p.r lb.
higher than for averagequalities of thiedescnption. Madrai
The number offered wee unimportant, but they brou44
full pncee. rite &wird. of the sales is 07,000 Calcutta
Dew ;wools, 27,161 brought forward from former soles, and
2'16 Madras, in .11124,427 hides, of which 103,415 eel sold.
E.e.t India. Buffalo only part sold; pries, were steady.
Leather.—Australian was in irregular demand, and only
part found ',buyers at about former priors. East India:
Not much was sold, being held at previoil rates. Weed
Coast : Tanned sides brought high pnces, the quality beim
Pod-
Salted )fides.—Australian were in good demand all quell.
ties selling at full price., to an advance of i id. to d. per lb.
upon Melbourne, some parcels of the latter reali.tug the
same prices as obtained for Sydney. Cape were in demand
at steady prices. Irish were not sold. West India brought
late rates.

...
Dry and Dry Salted Hides. -Dry Buena Ayres sold sA
t lir prices ; afro West Indic. Dry salted Brazil realise %
fell rake.

Bides.—Salted : Irish sold high, owing too deter.
:nicked compsidiou. South American only part sold at
fanner prices.
Glue pieces, Sze., sold at late rates.
Bark.—Nearly all bought in ; the portion sold was at
lull rates.

The return of the Bank of England for t:.o week
ending August 28, compared with that fur the pre-
vious week, shows the following change% :
Circulation issue 226,891,955 lecreaso '51,590
Circulation active
Public deposits 4,004,709 Decrease 638,793
Other deposits
Government securities is

---6iikingtiepßTl7nZi" 7 10,135,800 No change
Othersecurine. in banking
department
Coin and bullion in both
department. 13,101,322 Ilium* 271,048
Seven day and other bill. 689,066 Deems.) 46,671
The get
Notes in reserve
Total mean (notes k coin)
in bugling department 8.000,242 Increase 539,9.6
These changes arc of a character to account fat
the reduction in tho Bank's charge decided upon
to-day. There is again a considerable increase boil
in the bullion and reserve, and the total of notes
and coin now unemployed in the banking depart-
ment is as much us eight millions.