The Express.
London, England, 1863-05-08 00:00:00

MONEY MARKET.-(THIS DAY.)

Two &Qom

The funds remain dull, at yesterday's prioes, no
further effect having been produced by yes-
terday's large withdrawal of gold from
the Bank, or by the annonno3nient of
the reduction of the Bank of France rate of die-
count frame to 34 per east. English railway stocks
are flat, and Midland has fallen considerably.
Foreign stocks exhibit renewed firmness, Spanish
Passive Bonds being especially animated.
At Paris this morning, aooording to Mr. Reuter's
telegram, the Three per Cent, Rentea opened at
69fr. 60c., being sc. lower than yesterday.
The scrip of the new loans is steady, at previous
prices. Turkish is quoted 11 to 24 prem. ; Confe-
derate, } to 1 prem. ; and Italian, 2 to } prem.
Consols are now quoted 934 to 4, cum die.,
for money, and 924 to 4, ex div., for the ae-
count (June 9). The official business re-
port is as follows :-Three per Cent. Como*
for money, 93f, 1, cum div.; ditto, for account,
924, 4, ex div. ; Three per Cents. Reduced, 914, 3 ;
New Three per Cents., 911, 3 ; Bank Stock, 234}
India Stock, 231, 230 ; ditto Five per Cent Stock,
1091, 110 ; Five-and-a-Half per Cent. " enfaced "
rupee paper, 115} ; and Exchequer Bills, 25., 6s.
prem.
Foreign stooks are stronger. Spanish Passive
Bonds have experienced a oonaiderable reoovery,
being last marked 344. Mexican, Greek, and New
Grenadian are firm. The Turkish Loan of 1882 has
risen per cent., and the Consolidis, 1. Some of
the present quotations are annexed :-Turkish
1854 Loan, 88 to ; ditto, 1868, 70} to 1 ;
ditto, 186; 714 to 3 ; the Consolid6s, 56
to ; Greek, 31} to 32 ; and Venezuela
Six per Cents., 55 to 4, being heavy.
Transactions are recorded as follows :-Chilian,
87 ; Dutch Certificates, 1004 ; Egyptian, 991 ;
Greek, for account, 314, 1,4, b ; ditto Coupons,
144, 3 ; Italian, for account, 713 ; ditto
Maremmana Railway, 784 Hexit for
li,
account, 37, f, 364, 374 ; New Granada, 161, ;
ditto Two per Cents., 33f, 33 ; ditto Deferred,
94, ; ditto Land Warrants (Hectares), 64 ;
Portuguese, 1853, for account, 494 ; ditto, 1862,
49, } ; ditto scrip, 54, prem. ; Russian, 1862, 934,
4, ex div. ; Sardinian, for account, 88 ; Spanish,
for account, 54}, ; ditto Passive, 331, 4, 341 ;
ditto Certificates, 114, 11; Turkish, 1854, for
account, 884, ; ditto, 1858, for account,
11)t; 1004 bOada) Pi; 71; ; ditto; 4627
for account, '714, 4, I ; Venezuela, 1862, 554, 4,

55, Cl div.
The shares of the London Financial Association
have risen to to If prem.

Fotra o'Ctocc.
Console are firmer, at 931 to 1, cum div., for
money, and 921 to ex div., for the amount.
Owing probably to the requirements in connexion
with the monthly settlement in Consols, together
with the heavy withdrawal of sovereigns for Brasil,
the demand for money yesterday was decidedly more
active, and little butane's was done below 21 to 3
per cent.
The drawing of the bonds of the Turkish Loan
of 1882 for repayment at par in next July will not
take place until after the ensuing fornightly settle-
ment.
The anticipated withdrawal of sovereigns from
the Bank of England, for Brasil, took place yester-
day, the amount being as much as 360,0001. They
will be transmitted by the Royal Mail steamer
leaving Southampton on Saturday.
The Mexican dollars by the last packet were sold
esterday for China at 6s. 4d. per ounce, showing a
rime of IN. per ounce, compared with the pease
realised for the previous supply. In the interval
the quotation has experienced a gradual advance,
owing to the firmness of the demand for China.
The Portuguese financial agent has given notice
that the provisional certificates of the Portuguese
Deferred Debt, issued under the decree of she 18th
Dec., 1862, will be received to be exchanged for
bonds on certain days from the 11th instant.
The particulars are published of Peruvian Three
per Cent. Bonds, representing 68,400/., which have
been cancelled under the half-yearly redemption
fund. The sum applicable to the purpose was
61,7141.
At a meeting of the holders of Spanish Certifi-
cates, held at the London Tavern yesterday, Mr.
J. 1). Powles in the chair, the following resolu-
tions, moved by Mr. George Cavendish Bentinck,
M.P., and seconded by Mr. David Robertson,
M.P., were carried unanimously :

1. That this meeting entirely approves the representation
&deemed by the committee of Spanish Certificate holders
to his Excellency the Miradores, president of
the council of ministers at Madrid, dated the 10;th April,
and begs respectfully to recommend the contents thereof
to the consideration of the Spanish government. 2. That
in offering this recommendation to the Spanish govern-
ment, this meeting cannot but advert with satidection to
the largely increased financial resources of Spain. as shown in
the segmentation of her revenue during the last few years,
in a ratio greater than that al any other state in Europe.
3. That u the claim represented by the Spanish certificates
has been shown by the opinions of some of the most emi-
nent jurists io Spain to be founded on the highest obliga-
tions of law, justice, and morality, this meeting "ate
the confident expectation that tt will shortly be brought to
a settlement consistent with the honour and dignity of the
Spanish nation, and with the elevated sentiments which
have been recently expreseed in the Spanish Cortes on the
maintenance of public credit. 4. That the committee be
requested to transmit a copy of thou resolutions to the
Sunish government, andtotiontioue their exertions to bring
this loos pending claim to a satisfactory issue.

The Great Western Railway traffic return shows
this week a decrease of 2331 compared with last
year ; the Manchester, Sheffield, and Lincolnshire
an increase of 1,215/ ; the Great Northern an in-
crease of 71.41. • the North Eastern an increase of
3,2731. • the lanesahire and Yorkshire an increase
of 1,308/. • and the Midland an increase of 1,852/.
Mr. Basil: Woodd, M.P. for Knareaborough,
has joined the direction of the London and Northern
Bank (Limited).
It appears that the applications for the 20,000
shares of the London Financial association
(Limited) hare reached 98,000.
We understand that the applications foe the
shares of the Oriental Tea Company already repre-
sent the full amount of the capital.

The Newport (Monmouthshire) branch of the
Bank of Wales (Limited) will be opened on Satur-
day, the 16th inst., under the management of Mr.
John Cross., late with Messrs. Crawshay, Bailey,
and Co., of that town.
At the meeting yesterday of the Eastern Bengal
Tea Company, a half•yearly dividend at the rate of
7i per cent. per annum was declared.
The second instalment of 2/. is to be paid on
the extension capital of the Metropolitan Railway
by the 31st inst.
A call of 11. is to be paid on the shares of the
Singapore Gas Company by the 19th inst., and the
third call of 11. 10s. (making V. called) on the
first issue of shares of the Metropolitan Railway
Carriage and Wagon Company (Limited) by the
let of June.
The certificates for the shares allotted in the
Inns of Court Hotel Company are to be ready for
delivery in exchange for the banker's receipts on
the 27th inst.
We are requested to state that the share list of
the Bank of Otago (Limited) will be closed on
Tuesday, the 12th, for England, and on Thursday,
the 14th, for Scotland.
Friday, the 16th inst., has been fixed as the last
day for sending in applications for shares in the
Southampton Imperial Hotel Company (Limited),
when the directors will proceed with the allotment.
The return of the Bank of England for the week
ending Wednesday, May 6, compared with that
for the previous week, shows the following changes :
Circulation passe 819.810.786 Deanna 2200,840
Ofreulatioa active
Public deposits 7,111.739 Isamu 63.427
Other &waits 13.122,067 Decrease 494,872