The Express.
London, England, 1857-12-29 00:00:00

- .. la 4
I:1 111 Ic

Ws* sibs De.
Wed Maim ..... . TS
Ws* 5r.:D.r..111.
Ws* miles Dia 2/4 _
1.41610.. NE Aga UT. U.IIT 11.752
Dna WOO

VT 115 101 014

and bullion in the Bank of France amounts to
10,800,0001. (being an increase of 1,380,0001. since
the last return), have strengthened the impression
that the rate of discount at the Bank of England
will speedily fall to six percent., and probably lower
still. This will involve a corresponding reduction
in the rates offered for loansby the joint-stock banks
and discount establishments, and will stimulate
the appetite of the public for eligible invest-
ments. Already a demand of this honk
fide description is arising, numerous invest-
ments being effected in preference and guaranteed
British railway stocks, guaranteed Indian railway
shares, fix., and the movement is expected to con-
tinue. Meanwhile, as usual, the speculators even
At the Bank of England yesterday the demand for
money was only moderate. In the open market a
fair demand was experienced. Good bills are cur-
rently discounted at 7* per cent., or i per cent.
below the Bunk rate, but numerous transactions
take place as low as 7 per cent. It is pointed
out, in explanation of the magnitude of the stock of
other securities" in the Bank, that the bulk of
the bills which the Bank discounted with so mach
liberality towards the middle of November, at the
height of the late crisis, will not mature until the
middle or latter part of January. Consequently,
upon the release of the January dividends, a portion
of the money will be virtually transferred again
into the Bank's possession, and the reserve will thus
be greatly strengthened. This consideration renders
probable a fresh reduction in the rate of discount
at an early date.

The Bank of England bought yesterday about
70,0001, in newly imported gold, including a quan-
tity of Russian coin. The teal amount held by the
Bank must now be about eleven millions. This is
exclusive of the large sum now off the coast.
The large increase in the bullion in the Bank of
France is the more satisfactory because the Bank
now pays only par for gold. Indeed, parties pre-
senting gold sustain a loss of about eleven days'
interest, for the Bank will not pay for it until it is
returned from the Mint. Virtually, therefore, the
price offered by the Bane is equivalent to about 2 per
mile discount.

The dividend of the Bank of France for the year
1857 is officially announced at 87f. per share.
The Ottoman Bank have received a further re-
mittance of 10,5001. in gold from the Levant.
The exchange at Bombay on London is less favour-
able, being reported at 24. 21d. to 21d. The last
quotation previously received was 2a. 2d. to 215.
At St. Peteraburg,according to a telegram received
this day, the exchange on London has advanced to
341 to 35d. The tallow market them is reported fiat.
The wheat market yesterday was steady, at last
Monday's rates. The number of floating cargoes of
grain arrived at porta of call since last Friday is
only four. The English country markets are reported
steady, and the French markets fiat.
Subjoined is • statement (extracted from Mr.
Slaughter's Weekly List) of the railway calls falling
due in January:

.moat per thins.

Due la Jae.= D
---,
Yoe Al
pa& 0.2. ready Number
MA et dame.
Belnle en 4 lake llama. New— 3) 101 1 10.0e0 16101
lamb_ .Ilbenkaa —' . ..... lO 11 01012/ 117. M
Nam Lemaeohlre. New 2.0 1 3 IL2I 15.055
/34•40. Una.. 54 Pea .LlO. ll 4 10.00 11,050
Y.team ea.Al lAattatrad l5 TI 700 11,76.1
ot. Luseroboure..l2lobllorlom 1 0 20.0,. 125.001
CIL 30.4 W., 1ndaa1.44.411.04 1 It 14,001 50,000
Lan. end Y.wk.ble. New £0
Loan'ardo.Yeseran Ronde „. _
Lnadon A a Wean.. 214.844415 ILI yer et. Sarre'. unknown.
Nam_ Part. A UR., £lO, 4y. es. 1 I unknown
Muakhand. New .
Yeetanal4o
?.i., LT472.. ii;i iiiiiiirl. lir 1 14 14 11540.1 1,114,'0J
Nallabury end Yeovil.. 13 10 5 UN) 100,44
Pcia4e, New. ID Await 2 1 UAW 02.54.,
11013111 Yorkablte, {a l5 11 2 unkaeen.
Ter v.k. Lit -•- • A Irii4 i 6.10) 10,000
ertrlealun awl Dating lan
1.500 17,50

Total called la i• 1111•17. 15M ........ Z. 3.01012
The total is large, exceeding three millions, bat
no less than 1,778,7001. is for the call on the new
shares of the Paris, Lyons, and Mediterranean Rail-
way Company. This company have issued a notifica-
tion to the following effect :
The interest, viz , Of. 2.5 c., on the 3501. (141.) called, will
be payable after the 2nd Jan. The retneining .oall of 385 f.
(about 161.8 x.) becomes due on the let January neat. Pro-
prietors may, however, defer this call by paying 200 f. (81.) on
the let Kim, and the balance of 186 f. (U. 86.) on the Ist No-
vember, 1838, with 6 per cent. interest from let Jan
1838. After the last December account, the 'harm fulls?
up will atone be negotiable on the Bourse. N.B. t era
shim will participate in profits from let January, 1858,
and will concequectly enjoy the diridend for the vas 1868,
on account of which a payment will be made in November,
and the balance in May, 1859.
Upon the receipt of the telegrams from Liverpool,
announcing the arrival of the steamer America, a
demand sprang up for Illinois Central Railroad
share., and the price advanced at the close to
12 die.

The European and American Steam Company's
ship Jason has been chartered for the conveyance of
troops to India. This company has now but one
other vessel available for this serrice—the Indiana.
The steamer United Service and the ship York have
also been taken up by the East India Company for
the conveyance of troops to India.
The ship Agamemnon arrived at Calcutta, from
Dartmouth, on tho lath of November, thus making
the passage in 93 days. The Champion of the Seas
arrived at the same port, from Portsmouth, on the
17th idem, in 101 days, and the James Baines two
days afterwards, in 103 days.

MONDLT itvairare.

AU clams of securities attained to-day a
further advance, the demand being especially
active for English, Canadian, and Indian rail-
way shares. The check which has been given to
trade is still affecting the traffic of several of the
midland lines of railway, but this consideration
seems to have little influence. The settlement in
shares is at hand, and occasionally involves a check
to a speculative movement, but an undiminished
disposition is evinced to purchase for the next to-

COMMERCIAL AND MARKETS.

MLNCING-LANE.-THIS DAY.

Although there is no public market to-day and but a thin
attendance in the Lane, yet there appear to be buyers of
sugar at folly last week's prime, bat with very few itallms.
Corm remains neglected.
Truk.—The news from Chins yesterday by telograph
caused some Inquiry for common congou at 12d,, bat no
business of Importance done.
Rms.—Holders are rather more firm.
OlL.—Linmed, 295.
Iron.-6cotch Pig, sls. 6d.