The Express.
London, England, 1864-04-15 00:00:00

MONEY MARKET.--(TEIS DAL)

Two o'OLoci.

The funds continue to show dulness, and Consols
are quoted 1-16 tol per cent lower than they closed
yesterday. Home railways and foreign stooks
are rather quiet, and in one or two instances realisa-
tions have slightly predominated. The only ex-
citement is still in the market for bank-
ing and credit shares, especially the former,
for many of which higher prime have established,
though the best quotations of the morning have
scarcely been maintained to the present hour.
At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Rental were quoted
66f r. 85c., showing a fresh advance of per cent.,
compared with the last price of yesterday.
Consols are now quoted 91} to for money, and
911, " sellers " for the account (May 5). The
official business report is as follows :—Tbree
per Cent. Consols, for money, 911, }, ; ditto,
for account, 91}; Three per Cents. Reduced,
841 t, L I ; New Three per Centel-, 89i, t, i, I ;
ditto Two-and-a-Half per Cents., 73/ ; Annuities,
1886, 14j, ; Bank Stock, 238 ; India Ave per
Cent. Stock, 1051, 105 ; ditto Four per Cent.,
1991, ; ditto Bonds, 4s, dia. ; Five per Cent.
"enfaced" rupee paper, 1041 ; ditto Five•and•a•
Half per Cent., 1131 ; and Exchequer Bills, 38.,
101. dia.

Foreign stocks are inactive. Mexican Bonds are
Per cent. worse, at 471 to a. Other stocks in this
department have scarcely varied. Greek Bonds are
quoted 251 to 1 ; Spanish Passive, 351 to 1 ; and
Turkish Consolidee, 631 to 54. Transactions are
reoorded asfollows:—Brazilian Old Five per Cents.,
1011, ex div. ; ditto 1863, 881, ex div. ; Equador,
141 ; Egyptian, 1001 ; ditto second issue, 1001,
1011; French Three per Cent. Routes, 66fr. 7bc. ;
Greek, for account, 26, 251 ; Italian, 681 ; ditto
Maremmana Railway, 75; Mexican, for account, 481,
471; Portuguese, 1836, dcc., 491 ; ditto for account
491, 1 ; Russian, 1862, 911, 4 ; Spanish Passive,
for account, 351 ; Turkish, 1864, for account, 901,
ex div. ; ditto, 1858, for account, 614 ; ditto, 1862,
for account, 72, 711 ; Venezuela, for account, 231 ;
ditto 1862, for account, 591, 59, 4.

International Financial shares are now
quoted 7} to } prem. ; General Credit, 53
to 6 prem. ; London Financial, 12 to } prem. ;
Hudson's Bay, 201 to ; Mercantile Credit, 12
to } prem. ; Egyptian Trading, 3} to 3
prem. ; Credit Mobilier, 53 to 6} prem.; Imperial
Financial, 41 to 5} prem. ; Credit Foncier
(Great Britain and Ireland), 7} to 8} prem. ;
City Offices Company, 2} to 3 prem. ;
Fore-street Warehouse, 33 to 4} prem. ; Lem-
berg Railway, } to prem. ; International
Land Credit Company, 2 to } prem. ; Tele-
graph Construction and Maintenance, 1} to 2
prem. ; Jlillwall Ironworks, 23 t. 31 prem. ;
Imperial Bank of China, 33 to 4} prem. ; Oriental
Financial, par to 1 prem. ; City of London Real
Property, 1} to 2} prem. ; Financial Corporation,
31 to 3 prem. ; Pernambuco Improvement, 1 to 2
prem. ; and East India Financial, 1} to 2} prem.
The scrip of the Swedish Loan is quoted Ito 1

_
The manner in which the settlement of the ez-
traonlinarily heavy account in shares and foreign
' stocks has passed off is regarded with much satis-
faction, in view of the magnitude of the transac-
tions during the past fortnight, and of the large
amount of the payments to be made.

A brisk demand was experienced yesterday at the
Bank of England discount office. The bulk of the
quarterly advances have now been repaid to that
tetabliahment. The general market was likewise
active, being influenced by the demand in connexion
with the settlement in the Stock Exchange, where
money has been much wanted, short loans on Eng-
lish government securities commanding 5 to 6 per
cent., and on speculative stocks high rates.
About 130,000 sovereigns were taken from the
Bank yesterday for Alexandria. 150,000/. of the
American eagles by the West India packet have
been purchased for the Continext ; the other moiety
has yet to be disposed of.
The question of an amalgamation between the
Imperial Financial and London Financial Com-
panies has been officially discussed during the
teat two or three weeks, but it was decided to-
day that no such measure shall be adopted.

The London Bank of Scotland have contracted for
the purchase of new and extensive premises in
Lombard-street. Mr. E. G. Frangbiadi of Messrs.
Frangbiadi and Rodocanachi, and Mr. Peter P.
Rodocanachi, of the firm of P. P. Rodocanachi and
Co., have joined the board. An early issue of new
shares is contemplated—to be distributed among
the shareholders whose names will appear on the
register on the 21st of May next ate premium of 41.
The Lancashire and Yorkshire Railway traffic
return shows this week an increase of 3,5201.
over last year ; the Manchester, Sheffield, and
L:ncolushire an increase of 9191.; the North
Eastern an increase of 5,7681. ; and the Mid-
land, an increase of 4,5611.
The Imperial Financial Company bare issued
the prospectus of the first undertaking intro-
dud through them ; it is entitled the East
India Financial Association (Limited), and has a
capital of 1,000,0001., in 20,000 shares of 501. each,
of which it is not intended to call up more than 20/.
penalises. It is explained that the objects of this
association are strictly financial, and will be confined
to the broad field presented in India and the East.
The programme of operations put forward is
essentially practical, and includes the grant of loans
on mortgages of land and on house property, ad-
venous to the local governments for carrying on
public works, assistance to builders and contractor.,
the negotiation of the sale and purchase of landed,
house, and other property on commission, tkc. A
mutually advantageous arrangement has been made
with the Imperial Financial Company, according to
which this association will act as its sole agents in
India. The direction comprises the following
names, most of which are connected with
respectable mercantile firms in India, viz. :
Mr. Lewis Balfour (of Messrs. Balfour and Co., of
Calcutta), late a director of the Agra Bank ; Mr. R.
D. Cartwright (of Messrs. Leckie and Co.' of
Bombay), chairman of the Commercial Bank Cor-
poration of India and the East ; Mr. James Layton
(of Messrs. Layton and Co), of Mincing-lane •
Lieut.-Colonel Mac George (late of the Bengal
Army) ; Mr. William Moran (of Messrs. Moran and
Co.), of Calcutta ; Mr. J. Carrington Palmer (of
Messrs. Mackillop, Stewart, and Co., of Calcutta),
a director of the Agra Bank ; Mr. T. M. Robinson
(late of Messrs. R. Thomas and Co.), of Calcutta ;
Sir Sibbald David Scott, Bart., a director of the
National Provincial Bank of England ' • and Mr.
Heury D. Seymour, SLP., a director of the Impe-
rial Financial Company.
Another new undertaking is the European Cattle
Importing Company (Limited). The capital in this
instance is 50,0001.,. in 10,000 shares of U. each,
but the first issue is to be limited to 5,000 shares.
The object is to import into the English market,
from the southern parts of Europe and elsewhere, a
supply of healthy cattle. fur which the demand is
rapidly increasing. Great improvements are pro-
mised in the selection, stowage, transport, and
reception of cattle. The chairman is Vice-Admiral
Sir R. J. Leeks, M.P., the chairman of the London
and Provincial Marine Insurance Company.
The third annual meeting of shareholders of the
London and South African Bank is convened for
the 10th of May, when a dividend is to be declared.
The first ordinary general meeting of the New
Zealand Banking Corporation (Limited) is called
for the 2nd of May.
The applications for the shares of the Imperial
Bank of China (introduced by the Credit Mobilier,
Limited) have reached upwards of 90,000 shares,
being nine times the number to be allotted.

$ I

The share list of the Millwall Iron Works, Ship-
building, and (having Docks Ompany was eland
yesterday, with applications for 140,000 shares.
while the total number to be allotted is may
20,000.
The letters of allotment of the Oriental Financial
Corporation were posted last evesing.
The Chili and Star of Tasmania, from Kew
Zealand, with 203,0001. in gold, have not arrived,
as erroneously stated this morning, but are now es
their way to England
The return of the Bank of Seemed for the weak
end ingWednesday, April 13, compared with that fat
the previous week, shows the following changes :
Circulation Wine 07,036.945 Decrease k. 559,900
Circulation active—
Public deposits 5,979.9/2 Decrease 3,8811,1511
Other deposits
Government securities in
banking department 11,022,2a Decniewo 250,719
OthereecuriUes in banking
department
Coin sad bullion in betk
departments
Seven day and other bills 529.377 Isaias. 3,4113
The Best 3364,157 Increase 19,9111
Notes in reserve
Total reserve (notes k cda
in banking department) . 11,474,180 Decrease 784,1141
The tendency of the Bank accounts continues to
be unfavourable. The payment of the dividends,
though accompanied by • decrease of 2,587,4151.
in the private securities, has caused the reserve to
be diminished by the unusually heavy sum of
789,363/., making a total decline of 1,929,8141. in
two weeks. There is also a fresh decline of
477,3331. in the coin and bullion, and, although the
bulk of the amount withdrawn probably remains is
the country, it is evident that a further movement
in the same direction will bring into view an ad-
vauce in the Bank rate of discount.

BANK Or ZNOLAND.—As As
lad Mk VIC.. C. 14 for the work
lAk.

1111P711 MIN
Noise lastml 1.27.024946

£27.010.945
MILO* M
Pawlslen' Capital 1114,46400 e
vt 4114.167
Public Deposit (In-
cluding Itte.laeq.,
eat. Bank; Can-
tata. a National
Debt, and MT
Accta)
Other Depoilta 11,654,029
%Tea da7 andotber
BUD 629,377

mom' powasalt to the Ad Oa
man on Welnositoy.AprO 111,

tiosereut debt SILOAM
Other seearities.. 1.1134.91111
Geld eels sad bul-
lies

PAZENSIT.
ilownwarrat flaw

Mee gaeledieg
Weed Weight Au-
AMMAN
ct ihneuritles 2.1.i.e6.0111

137,701,4P5.

Note'
Geld arl elm
Oda 703,414

April 14, 1864.

137,72.4
MARSHALL Chief wile,.

THUISDAT EVINING.

Consols, after temporarily declining 1-16 to per
cent., cloeed at yesterday's final quotations, viz. .-
91j to 1 for money, and 911 to 92 fur the 6th of
May. The official business report is as follows
Three per Cent. Consols, for money, 91j, }, 1,
; ditto, for account, 92 ; Three per Conte.
Reduced, 89j, ; New Three per Cents.,
89k, j ; New Two-and-a-Half per Cents., 741 ;
Annuities, 1886, 14j, ; Bank Stock, 288; India
Five por Cent. Stock, 1061 ; ditto Four per Cent,
99j ; ditto Four per Cent. Debentures, 1866, 99j.
The India Five per Cent. stock was firm. Ex-
chequer Bills remain at 7s. to 2s. dia.

L 27.02496

r. 4

IMPERIAL E

1101JSZ OF LORDB.—TarriaDAT, Aran. 14.
T. Loan Cttaacauwa took kis seat as this woolsack
sit it eclat&

PICITTION.
T. Earl of MERRY presented a petition from Rochester
and several other places, praying for en amendment in the
Highway dm

THIRD READINGS.
The following bills were reed • third time and pried :
Mwswabury Bridges Bill. Liss ally Railway and Doak Cora-
psay (No. 1) (Capital) Bill, Newry and Greener* Railway
Dill, Southwark Park Bill, Folkestone Water Bill, Matlock
Bath Water BM, sad Mamie, New Mill. and flaygekl
Junction Railway BM.
SETTLED ESTATES ACT AMENDMENT BILL.
The report of ameadmiats os this bill was agreed to.
VESTRY CMS ABOLITION (IRELAND) BILL.
The report of armodomats on this bill was also brought
up sad agreed to.