The Express.
London, England, 1862-02-14 00:00:00

NONBY MARKET.-(THIS Ail.)

Two o'Ciocs.
The funds to-day are steady, at the closing quo-
tations of yesterday, with not much business.
In the railway market, in which this is

settling day, the tendency of prices is up-
wards. Foreign bonds are likewise rising, and
Brazilian and Canadian railway shares are in

demand.
At Paris this morning, according to Mr.
Reuter's telegram, the Three per Cent. Rentes
opened at 71fr. 10. c., being 30. lower than yester-
day.
Moorish Scrip is quoted 5 to 51prem.
Console are officially marked 93 and 93/
for money, and 931 for the account. The
present quotation is 93 to both for cash and the
6th of March. The official business report is
Ills follows :—Bank Stock, 2411, 242, 241 ; Three per
Cents. Reduced, 931,1 ; New Three per Cents, 93g,
; India Stock, 226 ; ditto Fiveper Cent. Stock, 106;;.,
; ditto, for account, 1061 ; ditto Bonds, 275.,
25e., prem. ; Five per Cent. " enfaced" rupee
paper, 1011 ; Exchequer Bills, March, 16s. prem.;
ditto, June, 18s. prem.
Mexican Bonds continue in request, and have
again risen, being last marked 351. Equador, Vene-
zuela, Russian, and Italian stocks are all inquired
for. The Turkish Loan of 1854 is steady at
sq to 851, while that of 1858 has risen
1 per cent., being quoted 751 to 76/-
Sake are recorded as follows :—Austrian Five
per Cents., 524 (exchange IOC) ; Brazilian Four.
and-a-Half per Cents., 1868, 911 ; Dutch Two-
and-a-Half per Cents., 641 (exchange, 123.) ; Ecua-
dor New Consolidated, 19, 181, 19/ ; French
Four-and-a-Half per Cent. Rentes, 100 fr. (ex-
change 23fr.) ; Italian Five per Cents., 671, 1,
68 (exchange 251 r.) ; Mexican Three per Cents.,
34/, 351 ; ditto for account, 351, 33, 1 ; New
Granada ex overdue Coupons and Hectares, 101 ;
Russian Five per Cents., for account, 101 ;
ditto Three per Cents., 1869, 611, ;
Spanish Three per Cents., 54; ditto New
Deferred Three per Cents., for account, 431 ;
ditto Passive, 211, 201 ; the Committee's Certificates,
8,1, 71; Turkish Six per Cents., 1858, 76, 751 ;
ditto for account, 761 ; ditto 100:. Bonds, 77 ;
Venezuela Three per Cents., for account, 251.
It is stated iu trustworthy quarters that Messrs.

Rothschilds, will furnish the loan required •
for account of the French Government or its I,
agents. Whether the amount is 2,000,0001. or
4,000,0001. is not known. It is understood that the
rate of interest agreed upon is 5 per cent., or 1 per
cent. below that stipulated in the case of the loan
which was proposed by Messrs. Barings and their
friends. It must be borne in miad, however, that
the transaction has changed its character, being
now a private affair, instead of being based upon a
semi-public subscription. Moreover, the loan will
probably be supplied to only a limited extent from
this market, as the home) of Rothschild in Paris is
believed to have the first hand in it, and the kin-
dred firma at Frankfort and Vienna may be ex-
pected to co-operate as usuaL
There was a steady demand yesterday for money
at the Bank of England. In the general market
the rate for good bills was 2g to 2] per cent., with
exceptional transactions at 2i.
There appears to be some misapprehension as to
the amount of the bonds of the Portuguese govern-
ment, which are now in course of issue by the
Union Bank of London. It may be advisable,
therefore, to state that no issue of sterling Bonds
has been authorised by the Portuguese government
since the creation of the 3,000,0001. under the laws
of the sth and .29th of May, 1800, for railway
purposes, as previously notified. Of this amount,
1,278,8031, has up to the present date been
issued, leaving 1,121,2001. still to be placed.
Hereafter, the Portuguese government may desire
to extend its railway system further, and may
create more bonds, but this can only be done in the
regular way, by passing a bill through the Cortes,
and it is just possible that some other means than
a creation of Three per Cent. Bonds iu the English
market may be resorted to.
About 30001. in foreign gold coin was withdrawn
from the lank yesterday for abroad.
Increased activity prevailed to-day in the Liver-
pool cotton market, the sales reaching 17,000 bales.
Prices were very m.
The Great Western Railway Company's dividend
was officially announced yesterday at the rate of 3
per cent. per annum, carrying forward about
10,4001. The dividend at the corresponding period
of last year was at the rate of 31 per cent. per
annum. _

The Great Northern Railway traffic return shows
this weeks decrease of 1,4431. ; the London and South
Western an increase of 1,1161. ; the Manchester,
Sheffield, and Lincolnshire a decrease of 1,445/. ;
the North Eastern a decrease of 3,0611. ; the Lan-
cashire and Yorkshire a decrease of 5.251. ; the
Midland a decrease of 2,7801. ; and the Great
Western a decrease of SOl/.
Tae receipts of the Grand Trunk Railway of
Canada for the week ending the 25th January were
16,4941. sterling, being 6,8181. more than in the
trorresponding week of last year.
The half-yearly meeting of the Ottoman Railway
Company is called for the 28th March.
The report of Messrs. D. Bell, Sun, and Co., on
the market for American securities is annexed :
The market for American stocks coutitries very firm.
During the week there Las been an active business both io
State and Railroad Securities.
The wart from Bombay of Jan. 27 arrived at
Alexandria on the 10th instant.
The mails front Calcutta, China, and Australia,
rid. Marseilles, will be delivered in Linden to-
morrow morning.
The return of the Bank of England for the week
ending Feb. 12, compared with that for the pre-
vious week, shows the following changes :
Cireuletion isms L29,868,780 Increase 0103,700
Circulation actin
entitle ilepostie ......... 4,884, to Deems, /103,462
Other deposits
o..eernment securities la
banking department 11,101,802 Decrease 200,030
Otuerseeurities in banking
departmett
Coin and bullion in both
departmeuts 16,042,949 locre.ase 83,046
&owe day and other bills 711,672 Increase 16,773
The Rest
te reserve
Total reserve (notes& coin)
in banking department 10,168.300 locrease 2.36,' 031
The cause of the large decrease ih the Treasury
deposits does not clearly appear. As, however,
the increase in the private deposits is much larger
(partly, no doubt, in preparation for the loan for
France), there is an addition to the reserve, not-
withstanding the accession of discount business
carried to the Bank. The movement in the cure
and bullion is likewise favourable, in spite of the
shipments to the Continent.

BANK OF INGLAND.—As At
sad eth Vie., C. S 3. ter the wt
12, 1882.
10R111 nv

:must pursuant to the Act TM
k ending on Wudnesady. Feb

PARTMEIT.

Notes tuned t.g..trn,ll7.i(;;TrnrSent debt.. i:11,1111,100
Other mmuntirs... SANIS,SOO
ti coin and bul-
lion
1.11.111101 i

£29,868,7d0

L 29,868,700

Proprietors Capital £l4,os3,oooTGlOierMaut Seen.
lest Lou ,553 1 Titles (including
Public Deposits kin- Dead Weight an-
tiunion Excheo , unit),
Bay. Banks, Coal- Other densities
ads. of National Notes 5,344,140
Debt, and Dlv, Gold sad Mon
Accts.)
Other Deposits 15,53,,n,4 i
Seven day and other
BUD
-- 1

L.12,c61,5.W L30.061,5:10
Feb. IS, len. IL IiAItSELALL, Chief CAshier.