The Express.
London, England, 1864-04-18 00:00:00

MONEY MARKET.-(THIS DAP.)

♦ NEW RUSSIAN WAN.

Two o'Ckoow.

A new Russian Five per Cent. Loan for
8,000,00 W. stock, at 85, has been announced this
morning by Messrs. Baring Brothers and Co., and
is quoted about Ito 1* prem. The official circular
will be found in our advertising columns.
The English funds remain at Saturday's quota-
tions, but moat other classes of public securities
are decidedly better to-day, in consequence of
the rise of 4 per cent. which took place
in the French funds on Saturday, combined with
the further announcement that this morning an
additional advance of 1 per cent. has been esta-
blished at Paris. The speculative foreign stocks
have risen 4to per cent., and the upward move-
ment has extended to banking and credit shares,
and—though in lees degree—to home railway stocks.
it Paris this morning, according to Mr. Renter's
telegram, the Three per Cent. Renter opened at
68fr. 15c., receded to Rte. 900., and subsequently
improved to 68fr. 06c., being about 1 per cent.
better than on Saturday afternoon.

The new Mexican Loan opened about Ito
prem., and is now quoted Ito prem. The fol-
lowing telegram has just beenreosived from Paris :
"Immense concourse of subscribers to the Mexi-
can loan ; price one and a half premium. The
Emperor's letter in the Moniteur is most encourag-
ing for peace."

Consols are now quoted 91f to for money,
and 91} to for the account (May 5).
The official business report is as follows :
Three per Cent. Consols, for money, 91f, f, >1 ;
ditto, for account, 911, I ; Three per Cents.
Reduced, 89f, ; New Three per Cents., 89f,
f, ; India Five per Cent. Stock, 105 f, 1041 ;
ditto Four per Cent. Debentures, 99} ; Five
per Cent. "enlaced" rupee paper, 104 ; and
Exchequer Bills, 10e., ss. dig.

The speculative foreign stocks have risen to
per cent. Thus, Mexican is now quoted 474 to 4 ;
Greek, 944 to 254 ; Spanish Passive, 344
to 35 ; Turkish Bonds of 1862, 714
to I ; and the Consolidds, 521 to 534.
Transactions are reoorded as follows:—Brazilian,
1882,1858, 1860, 904 ; ditto 1863, 874, ex Idiv. ;
Chilian Four-and-a-Half per Cents., 84 ; Egyptian,
101 ; Greek, for account, 25, 4,1244,g254 ;Witt()
Coupon', for account, 114 ; Italian, for account,
164, 68 ; Mexican, for account, 474, 4,
; New Granada Two per Cents., 304 ;
IPortuguese, 1856, &c., for account, 494, 4 ; Rtui-
sian, 1822, 91 ; ditto 1859, b 7 ; ditto 1862, 904 ;
Sardinian, for account, 864 ; Spanish, for ac-
count, 534 ; ditto Passive, for account, 35, 344 ;
ditto Certificates, for aocount.,ll24 ; Turkish, 1854,
for account, 904, ex div., ditto, 1858, for account,
694, 4 ; ditto, 1862, 714 ; ditto, for account, 714, 4.

International Financial shares are now
quoted 7} to j prem. ; General Credit,
to prem. • London Financial, 114 to 12 prem. ;
Hudson's Bay, 192 to 2 ; Mercintile Credit, 11
to prem. ; Egyptian Trading, 32 to
prem. ; Credit Mobilier, sto prem.; Imperial
Financial, 44 to 54 prem. ; Credit Fonder
(Great Britain and Irelan), 7to prem. ;
City Offices Company, 2 to .2 prem. ;
Fore-street Warehouse, 34 to 4 prem. ; Lem-
berg Railway, par to prem. ; International
Land Credit Company, 21 2to 2 prem. ; Tele-
graph Construction and Maintenance, 14 to
prem. ; Millwall Ironworks,- 24 to 34 prem. ;
Imperial Bank of China, 34 to 4 prem. ; City of
London Real Property, 1 to 14 prem. ; Continental
Union Gas, 14 to 24 prem. ; and Alliance Ship
building, 2 to 4 prem.

The Callianoe has arrived from Geelong with
156,0001. in gold.

The last alteration in tie Bank rate took place
on the nth February, when a reduction from 7 to
6 per cent. was announced. The coin and bullion
stood then at 13,819,4121., or 739,0121. more than
now, and the reserve of notes and coin at 8,794,4971.,
showing the important increaae of 2,320,3171. as
compared with that now held.

The joint-stock banks have increased their rate
of allowance on deposits from 41 to 5 per cent,
with the exception that the London and West-
minster allow ouly 4on sums below 5001. The die-
count establishments allow 6 per cent on money at

call, 511 per cent. on deposits with seven daps'
notice (a rise of } per cent. in each case), and 6 per
cent. on deposits with a fortnight's notice--. 4 rise of
i per oent.

- The sum of 3,0001. in gold was sent into the
Bank on Saturday.

The steamer Atrato will take to-day 13,0001.,
chiefly silver, for the West Indies.
Transactions have occurred in tbefltock Kzchange
prior to allotment in the shares of several new un-
dertakings brought forward during the last two or
three dava, notwithstanding the committee's reso-
lution that such dealings aro to be regarded as
unofficial.

Several new prospectuses have been issued.
The London Financial Association introduces the
Alliance Shipowning and Shipbuilding Company
(Limited). The basis of this project is the ac-
quisition of the ships and shipping business of
the well-known firm of Messrs. T. and W. Smith,
as well as of a freehold dockyard at Limehouse, the
property of Messrs. Young, Son, and Magnay.
Members of both firms take seats in the
direction, and it is a satisfactory feature that, be-
sides otherwise retaining a considerable interest in
the undertaking, they are to be paid for the goo&
will entirely in paid rap shares. AU the ships, as
well as the dockyard, are in full operation. The
direction is very respectably composed, including
the following names, via :—Mr. Charles Bell, of
Old Broad-street ; Mr. Cornelius Grinnell (of
Messrs. Grinnell, Tinker, and Morgan) ; Mr.
Charles Maguey (of Mews. Young Son, and
Maguey); Mr. John C. Palmer (of Messrs. M'Killop,
Stewart, and Co., Calcutta), a director of the Agra
Bank ; Captain G. Redman, • director of the Royal
Mail Steam Company ; Llr. Thomas E. Smith (of
Messrs. T. and W. Smith) ; Mr. James Southern
(of Messrs. T. and W. Smith; Mr. J. D. Thomson
(of-Messrs. Thomson, Watson, and Co.) ; and Mr.
George Frederick Young (of Messrs. Y oung, Son,
and Maguey.) The capital is 600,0001., in 20,000
shares of 301. each.
The remodelled prospectus of the English and
Foreign Credit Company (Limited) is likewise in
circulation. This project is framed upon a scale of
considerable magnitude, the capital proposed being
2,000,0001., in 40,000 shares of 501, each, but the
first issue is to be limited to 20,000 shares, and of
these 10,000 have already been subscribed for. It
is not intended to call up more than Ibl. per share.
The directors state that they have "received the
support of eminent foreign capitalists. end the co-
operation of many of the leading firms in this
country connected with public works." Extended
operations are apparently contemplated upon the
continent, and the names are published of the com-
pany's correspondents at Vienna, Berlin, Ham-
burg, Leipsio, Cologne, Breelau, Munich, Dresden,
Konigsberg, Hanover, and Dantric.
The Continental Union Gas Company (Limited)
is a well considered undertaking likewise just
Lunched. The object is to carry on and extend the
business of gas works now in full operation in the
following cities and towns of France and Italy, ViL :
Sttasburg, Cette, Nismes, Vienne, ROllOOll, Beau-
caire Rued, Albi, Milan, Genoa, Parma, Modena
and A lessandria, and which now belong to the
Soeifte "Union dee Goa" It is as important La-
tura of the oadeetalties that the aeaseetieme is queevi
tiou copier avirtual monopoly lathe places to which

they apply. Great advantages are expected to be
derived from bringing them under one manage-
ment, and from the introduction of an improved
llngbelt system. Prior to coming before the public
the directors have taken the precaution of having a
complete inspection of the several works made by a
practical English gas engineer, who has reported
very favourably of the prospects of the under-
taking. Detailed particulars are given respecting
the arrangements made with the existing interests.
The 401. paid shares of the Imperial Continental
Gas association--an analagous undertaking—are

at 881., and the 101. paid -shares of the Euiopean
Gas Company are at 151. The board is very satis-
factorily composed for • project of the kind. The
broken are Messrs. Hill, Fawcett, and Hill. The
capital is 400,0001., in 20,000 shares of 201. each,
of which • large number have already been sub-
scribed.

We are informed that the concession for the
Madrid Bank (Limited) has been signed by the
Queen of Spain. The telegram conveying the in-
bellisence was transmitted from Madrid to London
in the short space of 25 minutes.
The following is from the thirteenth annual re-
port of the directors of the Oriental Bank Corpora-
tion, to be submitted on the 214 inst.

The ;direetcni, in presenting the genera statement of
affairs for 1863, bare spin to congratulate their co.pro-,
princes of the prceperone coadition of the corporation.
The aecoante show a net profit of 248,9191. Os. 3d. avail-
able for division, after providing fee all bed and doubtful
debts and current expeasse. A dividend of 7 per cent. has
already been paid, abwirbier 88,2001. of the profits, sad
leaving 160,7191. Oa. 3d. to be dealt with. Out of this
tam it is now proposed to pa an additional dividend of 5
per cent., and a booms of 7 per cent., making with the
dividend already paid ea distribution for 1863 of
19 per emit. on the ea The pelmet dividend sod
bonus, equal to 31. per abase, will be payable hare on the
Zed _ proximo free ofiDoo4llll tax, and will amount to
151.2004, and leave a balance of 9,519/. Os. 3d. to be
carried to the credit of the next account. At the sod
of kit year a large defaintioe was discovered in the
acconsts of the C'hinese oomprador or caabier at
Shanghai. A eoesiderable amount of property belonging
to the defaulter has been recovered, and is in
coon, of realization, and the corporation holds security
hoods for any balance that may remain due. The sureties
to them bonds are reported is be quit* good, so that. as at
present advised, the directors do not look for ultimate loss.

The fourth call of 21. 1.05., making 101. paid, is
to be paid on the shares in the Scinde, Punisub,
and Delhi Bank Corporation (Limited) by the 10th
of May.
The third call of 21. 10s. is to be paid on the
Great Eastern Railway five per cent, preference
shares by the 23rd of May.
A special meeting of the shareholders of the
English and Irish Bank (Limited) will be held on
the 3rd of May, to decide upon the proposed amid-
gamation with the European Bank (Limited), and
to appoint liquidators.
The first ordinary !carrel meeting of the London
Tavern Compscy (Limited) is called for the 4th of
May, to declare a dividend.
A general meeting of the British India Steam
Company (Limited) is called for the 26th inst.,
when a dividend is to be declared.
A special meeting of the Public Works Credit
Company of London and Paris (Limited) is called
for the 26th inst., "to receive a report from the
directors, and to consider and determine on the
propriety-Ist, of authorising the sum of 11. per
share to be set aside out of the profits of the com-
pany, to be added to the amount paid on the shares
already issued ; and, 2nd, of altering the articles
of association, by taking powers to increase the
nominal capital of the company to 500,0001."
A general meeting of the Cape of Good Bops
Telegraph Company (Limited) is convened for the
27th inst.

BATUIDAT Emma.
Consols, which closed yesterday at • 911 to f for
money, and 911 to j for the sth of May, closed
to-day at 911 to 1, and 91/ to 3 respectively.
The official business report is as follows :
Three per Cent. Consols, for money, 911, 1;
ditto, for account, 911, 1 ; Three per Cents.
Reduced, 891, 3 ; ?Jew Three per Cents., 891,
1 ; ditto Two-and-a-Half per Cents., 731 ; India
Five per Cent. Stoat, 1051; Five per Cent. " en-
faced " rupee paper, 104.
Indian government securities were steady. Ex-
chequer Bills remain at yesterday's reduced quota-
tion of 10s. to ss. dis.

All the more speculative kinds of foreign stocks
have fallen, in consequence of the movement at the
Bank, and the pressure of speculative realisations
caused the market to wear a rather unsettled ap-
pearance.
The London and South Western Bank will open
a branch at Wandsworth on the 20th inst.

The closing (but in some oases merely nominal)
quotations for shares in new undertakings are
subjoined, viz. : City Offices, 2 to 1 prem. ;
Natioual Financial, to 1 prem. ; Lemberg and
Czernowitz Railway, to prem. ; International
Laud Credit, 2k to 1 prem. ; Telegraph Coustruo-
tion, 2to prem. • Imperial Bank of China, 31
to 4 prem. ; City of London Real Property, Ito
prem. ; Millwall Iron Works, 2} to 3 prem. ;
Fore-street Warehottae, 31 to 4 prem. ; Pernam-
buco Improvements, 2 to S prem. ; Rest India
Financial, 2 to 3 prem. ; and Gallivan, to
dis.