The Express.
London, England, 1864-05-04 00:00:00

THE EXPRESS, WEDNESDAY EVENING, MAT 4, WIC •

ARRIVAL OF GENERAL, GARIBALDI AT,
GIBRALTAR,

A telegram has been received this morning from
his Grace the Duke of Sutherland, st►ting that the
yacht Undine arrived safely at Gibraltar yesterday
with General Garibaldi on board, and will leave
again to-night for Caprera. All are well.

WARE 618T8.-4THIB DAY.)

Two o'Oloters
The railway turret continues heavy, and privet
have experienced a fresh decline. Metropolitan
stock continues to exhibit extreme flatness, and
has further receded 14 r cent. London and
North Western, ' , Lancashire and York-
shire, and Great Northern have also fallen
per cent., Great Western 4, and South Eastern,
Great Eastern, and London and South Western, 4.
London and North Western stock is now
quoted 109 to 4 ; Great Western, 634 to ;
Midland, 129 to * ; Lancashire and Yorlc-
shire, 109 to 4 ; South Eastern, 891 to 4 ;
Great Eastern, 464 to 4 ; London and South
Western, 97 to 98 ; Metropolitan, 110 to 111 ;
Great Northern, 128 to 129 ; and Caledonian,
118 to 119.

Indian railwa skein have declined in several
instances, and • are dull. foreign lines
are neglected.

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MONEY MARKET.--(THI8 DAY.)

Two oVzoos.

Excitement continues to prevail in the stock
and the fall in prices continues. There is
an apprehension that the Bank rate of discount will
be raised to 9 per cent., should the present
pressure go on, the more especially as the
terms for good bills in the general market to-day
are 9to 9* per cent. Added to this, the condition
of foreign politica continues to inspire much un-
easiness, though the hope of an armistice is not
abandoned. The funds have again fallen per
oent., and most of the speculative foreign stocks
and home railways *to 1. The fall extends to
bank, financial, and miscellaneous shares.
At Paris this morning, according to Mr. Renter's
telegram, the Three per Cent. Renter were quoted
661 r. 50c., being 1 per cent. lower than yesterday.
The Bourse is described as "flat, in consequence
of the fall in the English funds."
Consols are now quoted 90f to both for money
and the present settlement, and 911 to for the
new:amount (June). The official business report is as
follows :—Three per Cent. Console, for money, 901,
1, f, ; ditto for account, 901, ; Three per Cents.
Reduced, 8811, if, 88 ; New Three per Cents., 881,
871, 88/ ; Annuities, 1885, 141; Bank Stock, 238 ;
India Stook, 217 ; ditto Five per Cent.,
stock, 105, 104 f, 1 ; ditto Four per Cent. Deben-
tures, 1866, 981. Exchequer Bills, March, Bs., 15s.
dis ; ditto, June, 9e., 4e. din.

Foreign stooks are generally to per cent.
lower. Greek Bonds are now quoted 221 to 231 ;
Mexican, 421 to 43, after being marked 421 ;
Spanish Passive, 331 to 341 ; Turkish Consolides
501 to 511 ; and Confederate, 66 to 68, being steady.
Transactions are evoorded as follows :—Colombian
Six per Cents., 764 ; Dutch Certificates, 100 ;
Egyptian, 1004 ; ditto, second issue, 1004 ; Greek,
for amount, 23, 1, 221; Italian (Maremmana
Railway), 731; Mexican, for account, 43, 1, 421,
; New Granada, 30; Portuguese, 1856, &c., for ac-
count, 481, k; Russian, 1862, 841, ex div. ; Spanish
Passive, for account, 341, 1, 334, 34 ; ditto Cer-
tificates, for Recount, 1.11 ; Turkish, 1862, for
account, 711, 704 ; ditto 1001. Bonds, 71, 704.
Mexican scrip is quoted 2 to 1 dis. ; Venezuelan,
2 to 14 dia. ; Russian, Ito 11 prem. ; and Swedish,
to 1} pram.

- International Financial shares are now
quoted 51 to 61 prem. ; General Credit, 54
to f prem. ; London Fiwnoial, 104 to 1 prem. ;
Hudson's Bay, 181 to 19 ; Egyptian Trading, 24 to
prem. ; Credit Mobilier, 44 to 5 prem. ; Imperial
Financial, 44 to 54 prem. ; Credit Fonder
(Great Britain and Ireland), 54 to 6 prem. ;
City Odioss Company, Ito 1 prem.; International
Land Credit Company, 11 to 2 prem. ; Tele-
graph Construction aid Maintenance, 14 to If
prem. ; Millwall Ironworks, If t) 11 pron. ; Im-
perial Bank of China, i to 1 prent4,Humber
Iron Works, Ito prem. ; and Financial Corpora.
tion, 1/ to 24 prem.

FOl7l/. o'Cwcx.
Consols are firmer, at 903 to b for money, and 91}
to for the new account (June). 36,0001. in gold
has been sent into the Bank.

There is no disposition whatever to yield to
vague apprehensions respeoting our financial
prospects, which, indeed, in view of the still
considerable amount of bullion in the Bank,
cannot be deemed particularly unsatisfactory.
The restrictive action just taken by the Bank
of England has already produced the natu-
ral and satisfactory response, as shown by in-
creased heaviness in the silver market, a decided
diminution in the demand for gold for
exportation, and a general improvement this
afternoon in the foreign exchanges. It is no small
gain, too, that the present state of the money
market will give a wholesome check to the concoc-
tion of new schemes. Experience has shown that a
7 or 8 per oent. rate of discount need not necessarily
interfere with the establishment of any sound joint
stock undertaking, but the present monetary strin-
gency is unquestionably calculated to make the
public examine all new enterprises in a more critical
spirit than they have yet displayed. Time will
thus be given for the market to digest the large
mass of stock lately created, and the process will
be accelerated in proportion as prices are lowered.
There can be little doubt that the true interests of
every claw of the financial community will be bene-
fited by the respite which is at last brought into
view under the pressure of absolute necessity.
There were no gold operations of any importance
at the Bank yesterday. The demand for exportation
has sensibly slackened, owing to the advance in the
Beek rate of discount, and to the consequent im-
provement in the foreign exchanges. About
380,0001. is expected to arrive this week from New
York by the steamers Etna and Virginia.
The steamer Syria will take to-day 152,7731.
in specie, of which 18,7001. is gold, and the rest
silver. The particulars are as follows :—for Alex-
andria, 18,0001.; Madras, TOOL ;Calcutta, 20,0001.;
Penang, 73,8001.; Singapore, 33,4001.; Hong Kong,
47,4731. ; and Bhanghae,l4,4ool.
lu consequence of the state of the money market,
a general improvement took place yesterday after-
noon in the foreign exchanges. The rise was es-
pecially marked to the case of bills on Paris. The
rates were as follows :
Atemberdaat, 3 seeds, 12.04 to 1 : ditto, 3 dim
ILIY4 to 184 ; sierras, 3 .oaths. 12.04 to 1; Ant-
werp. 3 soothe, 36.624
be
74 ; Hasbari, OW bum, 3
, seatire, 13. W la : Pe 3deya, 95.20 to 35 ; ditto,
soothe, 25.724 to 774 : Treoldertas-tho4Lens, 3 months,
1191 to 190; at. Pekrebarg fps roublol, 3 months, 324 to 4:
Vises, of. So., 3 ssaths,lL9o to 96 ; Trade, eft. den, 3
mouths, IL9O 96. 3 soaths, 474 to ; Cads
scathe. 474 to Laphorn, 3 scathe, 25.75 to 824
Oars, 3 mositi, 21..75 to 824 ; =is, 3 month;
25.75 to 824 ; Astra 3 months, 95.75 to
Palermo, 3 costae, 25.75 to 824 ; Meeeine, 3 math%
25.75 to 824 ; Libra, 90 dam, 814 to 52 ; Oporto, 90
dare, 514 to 52.
The annexed circular has been issued this day to
the shareholders in the Oriental Bank :