The Express.
London, England, 1862-05-28 00:00:00

MONEY MARABIt-CHIA

DAY.)

Two Alton.
The funds to-day are stationary at yesterday's
prices, with little business. In all the other
markets the transactions have been on • limited
scale. Preparations for Friday's settlement in
shares and foreign stocks have eommenced and
occupy chief attention. As regards English
railways the tendency of prices is still drooping.
At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Renton were quoted
70fr. 30c., being Sc. better than yesterday.
Turkish Loan scrip is quoted 24 to 2 pram ;
Egyptian, If to 14 pram ; and Russian, 4 to
prem.
Consols are officially marked 938, 4, and 4, CUM
div., for money, and 92 and 924, ax div., for the
account. The present quotations are 934 to 4, cum
div. for money, and 92 to 4, ex div. for June 10.
The official business report is as follows :-Bank
Stock, 234, 235 ; Three per Cents. Reduced, 914,
; New Three per Cents., 914, 4, 8 ; New Two-
and-a-Ralf per Cents., 774 ; India Five per Cent.
Stock, 1094, ; ditto Four per Cent. Debentures,
1864, 994 ; ditto Bonds, 28e. pram. ; Five per
Cent. " enfaoed " rupee paper, 1024, 1034 ; Ex-
chequer Bills, 10s., 14a., 13e., Ws. prem.
Spanish Certificates remain flat. There is also
little inquiry for Turkish Bonds ; the Loan of
1864 is quoted 804 to 81, and that of
1868, 70 to 4. Mexican Bonds are like-
- wise rather offered, and are marked 314.
- Transactions are recorded as follows :-Austrian
Five per Cents., 53, ex div. (exchange, 1211.) ;
Brazilian Old Five per Cents., 100, 4 ; ditto Four-
and-a-Half per Ceuta., 1852, 1858, 1860, 934 ;
Equador New Consolidated, 174, ex div. ; ditto
Provisional Land Warrants, 4 ; Egyptian Seven per
Cents. (scrip), I#, 4, prem.; Italian
Five per Cents., 70 (exchange 25f5.) ;
Mexican Three per Cents., 314 ; Russian
Five per Ceuta, 974 ; ditto Four-and-a-Ralf
per Cents., 914 ; ditto Five per Conte., 1862
(scrip), 4,4, 8 per. ; Spanish Three per Cents.,
544 ; ditto Passive, 182, 19 ; the Committee's Cer-
tificates, 84, ; Turkish Six per Cents., 1864,
894 ; ditto Six per Cents., 1868, 70, ; ditto
Six pee Cents., 1862 (scr►p), 24 prem. ; ditto paid-
np Scrip, 704; Venezuela Three pee Cents., 23 ;
ditto One-and-a-Half per Cents., 114, IL

Foos o'Cioci.

Consols are quiet, at 94 to I, cum div., for
money, and 92 to k, ex div., for the 10th of June.
About 400,000 sovereigns were taken from the
Bank yesterday for exportation to Constantinople, on
account of the New Turkish Loan. Of the total of
about 1,000,0001. sterling in silver, mentioned on
Monday as having been purchased in connexion with
this loan, 250,0001. has already been shipped to
Turkey, and the residue will soon follow. There
were no operations in bullion at the Bank yesterday.
The continental exchanges yesterday afternoon
did not exhibit a favourable tendency, but there
was not much change in the rates. Subjoined is
our usual list
Amsterdam, 3 mouths, 11. leg to g ; ditto, 3 dem
ILI6 to 1 ; Rotterdam, 3 moat* 11.181 to •
Antwerp, 3 months, 25.420 71 • Hambusg, nut tame,
three mouths, 13.8 to 1 ; • 314,16.25.20 to 5 ; ditto,
3 mouths, T 5.421 to 7i ; F mica Maine, 3 months,
1191 to; ; Pokasbarg
na Snrrble), 3 maths, 34 to ;
Vienna, es. So., 3 monk 13.55 to SO; Trieste, aff. fib ,
3 months, 13.55 to 60; • 3 maths, 49i to ; Cade,3
months, 49 to 1 ; Leghorn, 3 months, 25.55 to 60 ;
Genoa, 3 months, 25.55 to 60 ; Mama, S months, 25.55 to
60 • Naples, 3 monthly 391 to g • Palierso, 3 months, 1151
to ; Moraine, 3 months, 1191' to 1; Lisbon, 90 days,
52 to °Prior 90 days, 524 to
The public sales of Plantation Ceylon coffee yeti-
terday went off at a reduction of 6d. to ls. per cwt.
Sir James Ferguson, Bart., M.i'., and Mr.
George Montagu Warren Peacocks, M.P., have
joined the board of the Bank of Hindustan. Sir
James Ferguson is son-in-law of the late Earl
Dalhousie, and has great influence in Scotland. We
learn that the applications for shares in this bank have
flowed in steadily since its announcement, ro that
a considerable portion of the capital is now sub-
earibed, yet it le evident that the subscription is
not so rapid sit would have been bad the under-
taking been brought forward only a couple of
weeks back, when the public demand for enterprises
of this kind was much more eager.
The Albion Marine Mortgage and Insurance
Company is announced, with a capital of one mil-
lion (subject to increase), in shares of 25/. each, of
which it is proposed to will up 200,0001., or 51. per
share. The objects of the undertaking are to
make temporary advances on shipping property,
freights, dm. by way of mortgage, assignment, or
otherwise, and for general marine insurance. It is
considered that by combining marine insurance with
a mortgage department a large amount of business
maybe secured, and it is expressly stipulated at the
outset that all shipowners to whom advances are
made, will be required to insure ship and freight
with the company. There is no doubt that, what
with interest, commissions, &c. private capitalists
have frequently reaped very large profits from loans
upon shipping property, audit is a class of business
which, under proper safeguards, may be conducted
with equal advantage by a substantial joint-stock
company. Considerable incidental advantage may
arise by including in the programme advances of
money upon bottmery bonds, through agencies
abroad, in case of accidents to ships insured in the
Company. The direction of the present under-
takingis respectable and of a practical kind. It is
intended to limit the responsibility of the share-
holders by a special clause in each policy.
The report of the directors of the East India Irri-
gation and Canal Company, to be submitted to the
meeting on the 31st instant, announces that the
negotiation with the government for the settlement
of terms to enable the company to commence its
first operations, has been finally and satisfactorily
concluded by the approval of a deed of contract by
the Supreme Government of India, and its execu-
tion by the company. By permission of the govern-
ment the oompany. have been enabled to appoint
as their chief engineer in India Lieutenant-Colonel
F. H. Rundall, lately superintending engineer of
the Godavery Irrigation and Navigation Works, an
officer of acknowledged large experience in the con-
struction of hydraulic' works in India, and who
will leave the service of government for that of the
company some time in the coming month of June.
Instructions have been sent out for an active pro-
secution of the investigations and surveys necessary
to enable the chief engineer to project at the earliest
possible period the entire system of works to be
carried out.
We are informed that the prospectus of the
United Kingdom Marine Insurance and Ship
Mortgage Loan Company—an undertaking regis-
tered some considerable time ago—will be pub-
lished in a few days.
The annual meeting of the African Steam Com-
pany is called for the 11th of June.

TUESDAY Emma.
Consols, which closed yesterday at 92 to e, ex
div., for the 10th of June, opened this zuortung at
the same quotation, rose to 921 to I, and closed at
92 to For - the last price was 93e to e,