The Express.
London, England, 1857-11-05 00:00:00

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ABLIZICAN.
$ per 14 1$
De. / pi, Nat Vj 3
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De. IN del. limy ids. void —..N k m
Mops 0.61761.
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Do.loo dol, dares
K.T.Odottal 6 pr amt (ItiLrood) 1151
D. d. Coonetiblo —*lnd
Do. do. too dol. lidera
idowTorldarlo 7 pt dent.lklo.., as I 1
De. do. do. .........1171
Do. do, trd mortgogo
Do. do. Slaking rood .....1875
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LOCAL SMARR MARKETS.

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TN $ 1

Lowest, troy. 4.—A Sao van w*Mts provogot lady, tat
==4 tow. ealotrolos, 141—troolone tosattor. to 11-14 4.••
TotElmld 14 4 4—Loadoo opt North Wo**
—ltambootor. taitard. oat 'AWL 321 2-111diand. SI 1414 11 aril
Flirre.lBlol-011 /rook of Yost
44 9.16 4—Lit
atm Camda.lll—Dittr• am 21d.
MAINSINIII. Nov. 4.—Thoro tram tort • med
9a2-V ',odor. oat
afthal .140 • tradeoff to doolloo. Loodo. 02-81torro,da 174
411—Dowaro. la 13.16-IN•okbons. 64—Loadona Ord U—
p.. • ~moo, 44 p.—Orott Weston. ot Wadi, 414
IMININ/O• te-Ullools Owing. 2 41•—ersad Traaka. 94.

A letter from Nice announces the arrival of
Madame Carmonehe, formerly known se the charming
actress Jenny Vortprf, obliged to go to that place far the
benefit of her health, which catree peat assalhanie to bet
friends. Jenny Vertpri meet have left indelible recollea
time in tbe minds of London playgoers of a quarter of •
ceatttry ago. It is so long shire anything has been heard of
her that most people in Patio bad supposed her to be dead
long since.
Forty workmen destined for the work, on the
Rama railway have left Marseilles for Clefts Vecchia.
Throe men hid been previously employed on the Elonthent
Vas.

EXPORTS TO AMERICA.—We understand that the
Glasgow, se., which smiled from the Brominelaw for New
York bet week, bed not one-eighth of the name cam* of
merchandise, mesh boa been the etteat of the monetary
pestle be America. his only a pity that the diminished rate
of exports had not mmmeemd some few months ego.—
Olemow Day Mail.
CANAET Snow AT CARLISLE. The Carlisle
Journal says:—" A society has been established In Carlisle
to improve the breed of canaries and mules. Some of the
chief bird fanciers in the county have become member', and
' several gentlemen have sent donation' of money, to aid the
&sine of the committee. It is contemplated to hawed
exhibition in the Mechanics' Institute, on the 14th of Rapt.,
when prizes will be offered for the fined specimens. A nom.
Dor of breeders to different parts of the country hive slot.
fied their intention to compete, and no doubt the novelty of
the collection will secure support for the objects of the
seciety."
FAILURE IN GREENOCK:We regret exceedingly
to have to announce the suspension of the old and respects.
hie homes of Nome. Andrew Stowe" tad Co., of Greenock.
Their large connection with A swim, the late considerable
he the value of produce of various kinds, and their 41-
volumene with parties whose means ere tied up in the
Borough Bank of Liverpool, made the step unavoidable.
The liabilities we hays heard adulated at 75,0001.—Ormiseek
ddrortiser.
A TALE OF A TIGER.—A few days ago (the
attritive is In ell the jonmels) • Beespl tiger, on its way
from the docks when It had been landed, to the premises
of Mr. Jantrach, an izeporter of such townie; broke loose,
sad, slier running crunchingly along the street, sprangupon
I:..mr child, and easaglad him cruelly. Mr. Jamrsch
to the rescue with a crowbar, and was dealt.* d e
savage slims' a series of heavy Now; in order to dearer the
boy, when the editor of • penny humanitarian paper cane
up, end begged Mr. Jammeh not to be hard on the poor
beast, who knew no better than to mangle children and had
also a grievance in being restrained from his wild liberty.
Mr. Jaws& rudely sleeved the mediator out of the way,
end with a few mom vigorous strokes discomfited the brute,
and saved the ch'id'e life. The editor is virtuously in-
dissent, and declares that Jamrach is no better then
Rank& and Wilson.—Posseh.
ASEABRIRATION OF A FRENCII COLONEL IN AL.
ozata.—Tbs Algiers journals announce that as Llentanant-
Colonel Browit, of the 70th Reg:meet, in garrison at Bone,
Inn lately tailing a walk at a short distance from the ad-
vent Nippon' of the amp of the thud Zags, he was shot dead
by • Temisian emenuder. The man's reason kw the mime
is not seated. nor la It mid that he was arrested.
ROYAL HIBERNIAN ACADEMT.—NOTIESZI
art, hes arrived in Dublin to conduct the inquilibadersd
undis
Itio=nnesst Into do sash., of the Royal

FRESH ADVANCE IN THE BANK RATE
OF DISCOUNT.
Two o'CLooc.
The Directors of the Bank of England, at their
weekly meeting this morning, have raised the
rate of discount front eight to nine per cent.
This announcement has not exercised any im-
portant influence upon the funds, which derive
support from the investments of the public, as well
as from the purchases of previous operators for the
fall. The reduction is limited to 1 to 3 per cent.
English railway shares, however, show a more con-
siderable decline.
Coneds for money and the 10th inst. have been
dealt in from 881 to 89, and are now quoted 881. The
Three per Cents. Reduced have been dealt in at 871 to
88. The New Three per Cents., at 88 to 1; the New
Two-and-a-Half per Cents., at 73; Bank Stock, at
211, 209, and 210 ; India Stock, at 212 ; Exchequer
'Bills, et 16s. to 10s. dia. ; Exchequer Bonds, 1869,
at 971 ; and India Bonds, at 36e. dia.
Turkish Six per Cents, have declined to 861 to
871, and moat other foreign stocks are flat.
Sales are recorded as follow:—Brazilian Old Five
per Cents., at 991; ditto, for account, at 991;
ChilianSix per Cents.* 104; DutehTwo-and-a. Half
per Cents. at 64 ; ditto Four per Cent.
Certificates, at 971 ; ditto, for account,
at 97 ; Peruvian Four-and-a-Half per Cents., for
account, at 731 to 761; Spanish New De-
ferred Three per Cents, at 251; ditto, for account,
at 251; the Committee's Certificates, at 5 per
cent. ; Turkish Six per Cents., for account, at 861
to 871 ; ditto Guaranteed Four per Cents., at 974 to
4; ditto, for account (Nov. 16), at 971.
The amount of bar gold withdrawn from the Bank
yesterday for exportation to the Continent wax about
20,0001.

- -
The City of Washington sailed from Liverpool for
New York yesterday with 11,00 W. in specie on
freight. The Ariel, which sailed from Southampton
for New York yesterday morning, took out specie
to the value of 66,0001.
At Hamburg the rate of discount has risen again
to 9 per cent.
From Liverpool we learn the suspension of Mr.
James Howell, cotton-broker. The liabilities are
considerable, the house holding a position of much
respectability. It is hoped that the creditors will
ultimately sustain little or no loss.
A further sum of about 40,0001. in half-imperials
has arrived from St. Petersburg, and is expected to
be purchased for transmission to the Continent.
The specie and bullion ex the steamer La Plata,
from the West Indies and Mexico, were delivered yes-
terday. The 100,0001. in gold will be despatched to
the Continent.
At Paris the exchange on London has assumed •
more favourable appearance. At Amsterdam, on
the other hand, the tendency is downwards. The
'Austrian exchanges continue to creep up; this
'is a symptom of financial distrust. At Paris on
Tuesday the exchange on London was quoted
26.271 to 30 for short, and 24.771 to 80 for 3 months
bills ; at Amsterdam, 11.721 for short ; at Berlin,
6.18/ ; at Hamburg, 13.41 for short, and 13 for 3
months; and at Vienna, 10.16.
The corn market yesterday was quiet, but last Mon-
day's rates were steadily supported. Since last Fri-
day no less than 53 gram n vessels have arrived
at ports of call ; of these more than half were sold
previous to their arrival. Most of the provincial
markets report an advance of Is. to 2s. per qr. in
wheat, but in France the tendency of prices is still
downwards.
We notice the publication of a new edition of Mr.
Arnould'a " Treatise on the Law of Marine Insurance
and General Avenge" (published by Messrs. Stevens
and Norton). In preparing this edition for
the press the author has spared no pains to
render his work practically useful to the
mercantile world. That portion of it which
treats of the important subjects of Settlement
in Account, and the Rights and Liabilities of Brokers
and Insurance Agents, has been entirely rewritten ;
the complex relations arising from the mode of
business adopted by brokers and underwriters are
clearly and comprehensively described, and the prin-
ciples of law which rule them are carefully and
accurately deduced from the decisions of the courts.
The chapters which treat of " Average," of " Total
Loss," and of "Abandonment; are equally. copious,
and the man of business will find in them
the law and practice clearly and concisely laid down.
There is no portion of the work, however, mare
valuable than that in which the author discusses the
question of implied warranties and Seaworthiness.
The doctrines of the English and American courts
are distinguished and defined, and the conclusions to
be deduced from the more recent decisions of our
Courts on the subject clearly stated. We have re-
ferred only to those parts of the book more imme-
diately interesting to merchants ; but the other por-
tions of it display the same ability and painstaking
research, and the author has left nothing undone to
render it one of practical utility and ready reference
to all those engaged in the important business of
Marine Assurance.
The following ships have been accepted by the
Admiralty for the conveyance
Dauntless, for Malta ; Brisk, for Gambia; Migrator,
for Cape Town ; and the Baronet, for Alga Bay.
The undermentioned vessels are to be surveyed, pre-
vious to being engaged for the same purpose, viz.,
the Union, for Gibraltar; and the Foster and Re-
serve, for Ascension.
With reference to this market Mr. E. F. Satter-
thwaite reports as follows :
Marshal been a steady market fur AMeTiCIAS securities in
London during the past week. The demand for Illinois
shares bee been very active, which caused an advanoe to 6
discount. On receipt of the mail from America, with the
quotation of 26 discount for these shares, there was more die-
poeition to sell, and they declined to 7 discount, which still
leaven an enormous difference between the two markets.
Construction Bonds advanced to 76 to 77, and were main-
tained at that quotation, as against the price of 62 in New
York. New York Central stock end bonds are firmly held ;
the Seven per Cent. Convertible Bonds of this company
bringing a price only 3 per cent. below that at which they
were issued in 1866. At the close, Mamie Central are much
depressed, and are offend at 9 die.
The position of the hide and leather trade is thus
noticed by Messrs. T. J. and T. Powell :
The leather trade, which in the commencement of October
was active, and was well maintained for the first half of the
month, has during the last fortnight considerably fallen off.
The large supplies and declining prices of raw goods, com-
bined with the increased stringency of the money market,
have tended to lessen the operations of buyers to the mini-
mum of their wants, and although the supply of fresh teethe,
has not been above an average, and stocks have not mate-
rially increased, lower rate. on moat articles have been ac-
cepted. There are, however, elements of encouragement in
the prospects of the demand for leather. The requirements
I of the government for boots and accoutrements are increas-
ing and preeeing, the report generally of the borne demand
la good, and, with the low price of provisions, may be ex-
pected to continue satisfactory; while the last returns of the
Bond of Trade show an increased exportation of article* of
leather manufacture of more than 60 per sent, over the cor-
responding month, September, of ISM. Raw goods gene-
rally have experienced a great decline in value. The enor-
mous stocks of most articles sufficiently account for such a
reduction without any. pressure that the present high 'Mlle
of money might occasion. At the public sales on the 29th
ultimo there was almost an entire absence of demand at
the rates the owners were prepared to accept, and still lower
irico appear inevitable. Market bides have declined slant
d. per lb, which is not comeneura with the reduction on
oreign m te
hides. Market horee-hides and market call-skins re-
main unaltered.

WEDPITAD/T EVILITIO.

Tbis has been a day of gloom in the Stock Ex-
change and other City circles. Considering the
severity of the pressure upon the Bank of England,
both for bullion and discounts, it is felt that further
restrictive measures can no longer be delayed. That
an advance in the minimum rate of discount from
eight to nine per cent. will be decided upon by the
directors at an early hour to-morrow morning,
may be conaidered almost certain. In addi-
tion to the withdrawals of gold for expor-
tation which have been reported in our columns
horn day to day since the date of the last

published balance sheet of the Bank, large quantities
of sovereigns have been privately despatched to the
United States, and further large amounts have been
withdrawn for the Scotch and Irish banks. To-day
the applications for money at the Bank were upon
an extremely active scale. This is partly explained
by the apprehension of a fresh rine in the rate, and
by the fact that the leading discount and other
establishments now do little or no business as low as
8 per cent. In numerous cases a considerable ad-
vance upon that rate is charged, even for really good
paper. All these circumstances point to a further
immediate rise in the rate of discount at the Bank.

The funds to-day responded to the g'oomy appear-
ance of the money market. The market opened 1
per cent, lower than it closed yesterday, and subse-
quently a fresh fall took place. The latest quota-
tions were per cent. below those of yesterday, and
the wont of the day. Several of the sales effected
to-day were by very influential operators. Most of
the other departments of the Stock Exchange were
likewise depressed, especially the market for Eng-
lish and Scotch railway shares.
Consols, which were quoted at 4 o'clock yesterday
89$ to 1 for money and next Tuesday's settlement,
opened this morning at 891 to 4, advanced to 891 to
4, and thence gradually fell to 881 to 89, the closing
price. For the Bth of December the closing price
was 891. The " continuation "is fully 7.16 per
cent. Bankers, however, are still enabled to borrow
money on Consols in the Stock Exchange at 54 per
cent. for short periods. The official business report
is as follows :—Three per Cent. Conn* for money,
891, 891, 894, 89 ; ditto, for account (10th Nov.),
891, 891, 894, 891. Three per Cents. Redond,
881, 1,4, 4. New Three per Cents., 88$, 4,7, 4.
Long Annuities, expiring in Jan.,lBBo, 2, 1 16-18.
Bank Stock, 211, 209, 210. Three-and-a-Half per
Cent. Exchequer Bonds, falling payable in 1858,
98$; ditto, 1859, 98.
Exchequer Bills remain quoted 14s. to 103. die.
The severe fall in India Bonds has induced some
inquiry, and transactions took place to-day at 40s.
to 345. di.., showing a slight improvement.
Turkish Six per Cents. exhibit a fall of 1 per
cent-, closing at 871 to 1. The Guaranteed Four
per Cents. were last quoted 971 to 7, showing a
reduction of 3 tier cent. Mexican Bonds and seve-
ral other descriptions of foreign securities were also
more offered.
Bank shares to-day were very dull. Union Bank
of Australia stock was quoted 10s. lower. South
Australian Land shares show an improvement of U.
London General Omnibus have declined to 3 3-16 to
31. London Dock stock was officially marked 99 ;
and Royal Mail Steam, 65 ex div.
The market for American railway securities to-day
was flatter. Illinois Central shares have fallen to
10 to 8 dis.

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