The Express.
London, England, 1862-07-28 00:00:00

MONEY MARKET-(THIS DAY.)

Two o'CLocx.
The funds exhibited increased buoyancy at
the commencement of business this niorning,

and a fresh rise of per omit. was at-
tained. Some realisations following, a relapse

to Saturday's dosing quotations has since
occurred. the other markets are generally firm,
with a favourable tendency, and in many instances
prices are better than on Saturday, but there is
= I much less excitement.

At Paris to-day, according to Mr. Reuter's tele-
gram, the Three per Cent. Rental opened at
68fr. 70c. for the account, being about it per oent.

higher than at the close on Saturday.
The scrip of the New Portuguese Loan has
advanced to 34 to 34 prem.
Consols, after touching this morning 944 to 1,
and then being marked as low as 944, are now
quoted 94} to 1 for money, 941, " sellers,"
for the 7th of August. and 94 7-16
to 9-16 for the 4th of September. The
official business report is as follows :-Three
per Cent. Console, for money, 941, 4, }, ; ditto,
for account (August 7), 944, 1 ; Three per
Cents. Reduced, 944, 1, ; New Three per
Cents., 944, 4, ; the Five per Cents., 109} ;
Bank Stock, 239, 2374, 239 ; India Five per Cent.
stock, 108/, 1, 4 ; ditto Five per Cent. " enlaced "
rupee paper, 104, ; ditto Four per Cent. Deben-
tures, October, 1883, 101; ditto, April, 1864, 1004;
India Bonds, 90e. prem. ; Exchequer Bills have
risen, being marked 20e. and 23e. prem.
In the foreign stock market the business has
been to a fair extent, but decidedly less ac-
tive than on Saturday. Turkish Bonds of 1858
are quoted 74} to 75 ; the scrip of the new
loan, 34 to 4 prem., ex div. ; ditto, paid-
up, 71 to }, ex div. ; and Egyptian scrip, 10} to
11} prem., being dull. Spanish Certificates are
quoted 9} to 4. Moat other foreign stocks are
firm. Venezuela and Italian continue in request.
Transactions are recorded as follows :-Buenos
Ayres Six per Cents., for account (July 31),
924, ex div. ; Egyptian Seven per Cede.,
scrip, 11} prem. ; ditto paid-up, 93, 94,
93} ; Italian Five per Ceuta., 714, ex
div. (exchange, 25fr.) ; ditto Five per Cant.
Maremmana Railway Loan, 741, 74, 74} ex div. ;
Moorish Five per Cents, 97} ; Mexican, for account,
284, 29 ; Portuguese Three per Cents., 1853, for
account, 47, 47} ; ditto Three per Cents., 1856,
'57, '59, and '6O, 47} ; Russian Five per Cents.,
1822, for account, 971 ; ditto Five per Cents.,
1862, &ip, 4, 1 prem. ; ditto paid-up, 931, ;
Spanish Three per Ceuta., for account, 544,
ex div. ; ditto Deferred Three per Cents., for account,
444, ex div. ; ditto Passive, 19} ; the Committee's
Certificates, 91, 91 ; Turkish Six per Ceuta.,
1854, for account, 87, 864 ; ditto Six per Cents.,
1868, for account, 76, 744 ; ditto 1001. Bonds,
77 ; ditto Six per Cents., 1862, (scrip), 3},
31, 31 prem. ex div. ; ditto paid-up, 714, 1, 71, ex
div. ; Venezuela Three per Cents., for account, 27,
271, 264.
The Tasmanian haa arrived from the West Indies,
with 1,500,000 dollars in specie.
It is said that the additional issue of Egyptian
government stock is likely to be made next week.
It will be equal to exactly 50 per cent. of the
amount now held, and will be offered to the present
bondholders on terms which, if not exactly identical
with the price of the original issue, now at
cent. premium will, it is believed, be
under the circuinstances, az satisfactory. It would
appear that the circumstances connected with the
launching of a second loan so soon after the nego-
tiation of the first, and without notice being then
t Messrs
admit of explanation. The present agents,
Frtihling and Goschen, it is explicitly
stated, bad no knowledge whatever that a
second issue was intended, and the honour-
able character of the firm completely s pre-
cludes the idea of deception. If there is any
responsibility on this point, it rests in Egypt, but
the truth is understood to be simply that the
government of the Viceroy bond fide believed that
the first loan would be sufficient for the objects
proposed, but that the expenditure on the railway
and in other ways proves more considerable than
had been anticipated. It is perhaps somewhat un-
fortunate that the authorities in Egypt are not fully
conversant with the manners and customs of our
money market, es the possibility of misconstruction
would then have been prevented either by the full
amount required being asked in the first instance,
or by a second loan being postponed until after the
completion of the payments on the first. It would
appear, however, that taking the affair as a whole,
those who have lent money to Egypt will have
little cause to repent of their bargain.
The scrip of the new Portuguese Loan continues
in steady demand. The purchases appear to be
partly based upon the ground that the unduly low
price of Portuguese stock, in relation to the securi-
ties of Spain and other countries, has been
caused almost exclusively by the unwise system
hitherto pursued by the financial department, but
now definitively abandoned.
The fortnightly settlement in shares and foreign
stocks will commence to-morrow and terminate on
Thursday.
£35,000 in Russian coin was sent into the Bank
on Saturday.
The Bootie has brought from the United States
150,4001. in specie.
Subjoiued is a statement (from Mr. Slaughter's
Weekly Litt) of the railway calls falling duo in the
month of August. The total is unusually small :
Amount per Share.
Already Number
Due in Arm 0962. Date. Paid. Call. sate Shares. Amount.
Ardennes New Shares 7 - 1.4 0 0 not known.
Bahia and San Fran-
deco 6 101 110 0 90,000 135,000
Lancashire and York-
shire New 10L 41 per
cent. Preference 1
Leeds, is
11•StaxOrdinary,1661 4 2 b 0 0 2,403 12,000
Itathkeele and New-
castle Junction
South Eastern New 10L
4i per cent. Pret l5

t 0 0 not known.

1 31 2 0 0 5,000 10,000

- 1 0 0 120,000 110,000

Total In kraut 077,000
Tsui calbed in eight months of 1002
We are informed that Mr. Abernethy, the engi-
neer-in-chief of the Turin and Savona Railway, has
returned to London, after making complete &mange-
mente for the vigorous prosecution of the works.
The payment of the half-year's interest at the rate
of 6 per cent. per annum on the shares, is advertised
fpr the Bth proximo.
We are requested to state that the Canadian
Native Oil Company will close their list on Friday
next, after which the allotment of shares will be
proceeded with 10 soon as possible.
With regard to our food prospects, the circular
of Messrs. J. Travers and Sons makes the following
encouraging remarks :
The wheat market was quiet on Monday and Wednesday,
and the warm sun of yesterday was calculated to bring in
sellers. Although there have been cocarional expresseons
of anxiety regarding the prospects of the crop, it is believed
that these have Gravely been warranted even by its present
condition, and it is admitted on all rides that two or three
weeks of ordinary sunshine are alone wanting to create the
otrtaiuty of • satisfactory yield. Indeed, it is said by some
ssPerielsrd observe's, that, looking at the existing condi-
tion of all the various kinds of agricultural produce, the
hopes of a good food supply for the year are more than
usually favourable. Meanwhile, it appears that the harvest
in France, which year by year assumes a more important
bearing on our markets, has resulted much more
favourably than was at one time anticipated. As
the United Kingdom now always requires a large
importation of grain and flour, even when the home harvest
is perfectly satisfactory, the question as to the countries
that are likely to be best able to 'apply us with the addi-
tional amount thus demanded is still one of moment.
France, Russia, std the Danubian principalities will, pet-
ham enjoy the chief portion of the trade. At the begin-
ning of the year the New York journals were filled with
assursaers to the American people that they would still
continue to feed Europe awl to draw tack millions of gold
in return, which was to give new and isexhaustible strength