The Express.
London, England, 1864-04-23 00:00:00

MONEY MARKET.-(TIIJS DAY.)

Two o'CLocz.

The stock markets to-day are firm. The funds
have advanced about 1 per cent., and two or three
of the speculative foreign stocks have slightly im-
proved. Home railway securities are comparatively
dull. In bank shares, Imperial Bank, and in the
miscellaneous market Joint Stock Discount shares,
have risen, the former being last marked 24 prem.,
while the latter were firm at nto prem.
At Paris this morning, according to Mr. Renter's
telegram, the Three per Cent. Rentes were quoted
67fr. 15c., being 1 per cent. lower than yesterday.
Consols are now quoted 911 to 1 for money, and
911 to 1 for the account (May 5).
The official business report is as follows :
Three per Cent. Comas, for money, 91i, 3 ;
ditto for account, 91. f; Three per Cents. Reduced,
893, ; New Three per Cents., 891, ; Bank Stock,
240, 238 ; India Stock, 220 ; ditto Five per Cent.
Stock, 104, 1041; ditto Four per Cent. Deben-
tures, 99} ; ditto Bonds, 12s. dis. ; and Exchequer
Bills, 4a., 94. die.

Spanish Passive Bonds are per cent., better,
at 35} to 4, and Turkish Bonds of 1862, also }
better, at 71} to 1. Turkish Bonds of 1858 are
steady at 684 to 691. Mexican Bonds are firm and
are marked 454 to 4. Turkish Cousolides are
quoted 52} to 4, being quiet. Transactions are
recorded as follows :—Brazilian, 1863, 875,4, ex div. ;
Egyptian, 1015, 1004 ; Italian, for account, 674 ;
Mexican, for account, 451, 4, ;, R; Portuguese, 1856,
&c., for account, 49, 484, ; Russian, 1862, 88 ;
Spanish Passive, for account, 35} ; ditto, Certi-
ficates, for account, 124 ; Turkish, 1854, for account,
89, 4, ex div. ; ditto 1858, for account, 681 ; ditto
1862, for account, 71/, 1 ; ditto, 1001. Bonds,
71} ; Venezuela, for account, 58, 571.
Mexican Loan scrip is quoted } to 4 prem. ;
Venezuelan, 14 to 1 die. ; Swedish, par to } prem. ;
and Russian, to } prem.
International Financial shares are now
quoted 61 to prem. ; General Credit, 54
to 6 prem. ; London Financial, 12 to 1 prem. ;
Hudson's Bay, 191 to ; Mercantile Credit, 11
to 1 prem. ; Egyptian Trading, 24 to 31
prem. ; Credit Mobilier, 4} to prem. ; Imperial
Financial, 4 to prem. ; Credit Foncier
(Great Britain and Ireland), 54 to 6 prem. ;
City Offices Company, 2 to } prem. ;
Fore-street Warehouse, 31 to 4 prem. ; Lem-
berg Railway, par to } prem. ; International
Land Credit Company, 1} to b prem. ; Tele-
graph Construction and Maintenance, 1,"; to
prem. ; Millwall Ironworks, 21 t) prem. ;
Imperial Bank of China (amended prospectus),
2& to 3} pram. ; and Smith, Knight, and Co.,
2} to 21 prem.

Haar-rattr Two o'Ctoca.
Consols are still quoted 912 to 2 for money, and
912 to 4 for the account.
Business at the Bank of England discount office
yesterday was rather quiet. In the general market
the supply of money was ample, but good bills were
not taken below 7 per cent. For choice six months
paper 74 was asked. lu the Stork Exchange short
loans on English government securities were freely
offered at 4 to 5 percent.
The annexed notification, relating to the new
Mexican Loan, has been forwarded to the Stock
Exchange:

A Nuto-Fmvat MEXICAN Sti PLR CErr. Loan.—ln conse-
quence of several applications for information on the subjeat
of the payments of the instaluiente cod iotere coupon on
scrip, we beg to notify that the instalments and listen 4
cuupm on the scrip issued for the French market are
payable in Y.ris only, sod that in like manner the
menu and interest coupon n the scrip issued for the
Eoglull market are payable in London only, et the banking-
house of Messrs. GIB n, Mills, and Co. The interest on the
definitive bonds will be payable either in NJ or London,
at the choice of the bolder of the bonds, at the tired rate
of exchange of 23.20 per pound sterling. as already as.
nouocci—(Signed), GLYN, MILLS, and Co.—Fur the ln-
tornatiooal Financial Society, K. A. HEATH.

The bar silver '..)y the West India packet was sold
yesterday at is. lid. per ounce, showing a reduction
of id. from the price realised for the previous supply.
In the interim but few transactions have taten
place, and prices have been merely nominal. The
season for the shipment of bar silver to India is how
over, which, combined with the high value of money
here, accounts for the present flatness of the market
for his metal.

The Mexic.m dollars, by the French mail steamer
Tampico, arrived in London yesterday, and were im-
mediately delivered to the consignees. No sale
has yet been effeeteaL

The foreign exchanges yesterday afternoon were
generally steady, at the improvement which took
place ou Tuesday. The rates were as follows :
Amsterdam, 3 months, 11.191 to 12 : ditto, 3 days,
11.161 to ; kotterdam, 3 months, 11.194 to 12; Ant-
werp. 3 months, 25,53 to 60; Hamburg, ma boom, 3
menthe, 13.8} to ; ram, 3 days, '.5.171 to 23 ; ditto, 3
mouths, 23.60 to .4 ; Franktort-ou-thirMaim, 3 months,
1194 to 1 : St. Petersburg (per ronblel, 3 months, 33 to j;
Vignola ed. to., 3 months, 11.75 to 80 ; Trieste, sif. Eo., 3
months, 11.75 to 80 ; Madrid, 3 months, 48 to Cadiz. 3
months. 48 to 1 ; Leghorn, 3 months, 25.0.5 to 70;
Geom. 3 montus, 25.65 to 70 ; Milan, 3 months;
23.03 to 70 ; Naples, 3 months, 25.65 to 70 ;
Palermo, 3 months, 23.0 to 70; Melanie, 3 months,
25.65 to 70; Lisbon, 50 dart, 52 to Oporto, 90 days.
52 to 4.
At Paris and Vienna the rate of discount in the
opeu market is 6 per cent. ; Hamburg, Berliu,
and Brussels, 4 ; Amsterdam and St. Petersburg,
; Turin, 61 ; and Fraukfurt, 21 per cent.
Mr. Augustus Wady, who has long held an im-
portant financial position with Messrs. Coutta and
Co., has been appointed manager of the London
Financial Association. Mr. J. E. C. Koch, as
already announced, has resumed his seat at the
board, and continues his services as permanent
member of committee'.

Another large undertaking has been announced
under the title of the International Contract
Company (Limited). The capital is fixed at no
less a sum than 4,090,0001., in 80,0 W shares of
501. each. The tint issue is to consist of 40,000
shares, and of these 30,009 have already been sub-
scribed. The direction is very respectable, and is
headed by M. de Salamanca, the eminent
hanker, of Madrid and Park. Contracts
for 11,000,000/. sterling, includiug that for the Eu-
ropean Central Railway, have been already secured.
The proposed operations of this company are so
clearly set forth iu the prospectus that little mar-
gin is left for comment. lu vesture at times natu-
rally feel some hesitation in ewbarkieg their funds
in enterprises the carrying out of which depends
solely on the means of individual contractors, but
the establishment of a company with a large
subscribed :apical at once removes all doubt, and
ensures the execution of contracts, whateverinay be
their magnitude and extent.
The directors of the lately announced "Imperial
Bank of China" have resolved to give the project
a much wider scope. With this view the more
comprehensive title of the " Imprrial Bank of
China, India, and Japan (Limited)" has been
selected, and the board have determined upon in-
creasing the capital of the bank to two millions, in
40,000 shares of 501. each, and issuing 20,000
shares instead of 10,000. as originally announced.
An amended prospectus has accordingly been
issued, and will be forwarded to each sub-
scriber. The proposed extrusion has, doubtless,
been caused in part by the remarkable extent of
the applications for the original capital of the corn-
parry, which reached no less than 92,000 shares,
whist the number to be allotted was, as already
stated, only 10,000 ; hut, apart from this, the large
dividends declared within the last ten days by
three of the flourishing banks connected with India
and China must have impressed the directors of this
new undertaking with a sense of the extent of the
field open to banking operations in the Bast.
We have also received a copy of the prospectus of
the Newmarket Hotels Company (Limited). The
object is apparent from the title. It is mentioned

I that the want of increased hotel accommodation •t
Newmarket has long been complained of. Accord-
ingly arrangements have been made with the only
two hotels of importance in the town, the Rutland
Hotel being acquired for a long term of y and
the White Hart Hotel, with the whole of the o
being purchased. Both establishments are to be
enlarged. It appears that the proprietor of the
latter has retired upon a fortune. Upon the face
of the prospectus is a long list of noble " patrons."
The capital is 100,0001., in 10,000 charm of 101.
each, of which one-half are to be issued in the first
instance.

An erroneous impression seems to prevailtre-
sporting the new capital of the Bank of Loudon.
The new shares will be Oa paid, thus increasing
the actual paid up capital by 100,0001., making it
400,0001. . . . .

At the meeting of the Scottish Australian Invest-
ment Company, held yesterday, it was unanimously
resolved to create and issue a further amount of
100,000!. of ordinary stock, as well as 179,7741. of
5 per cent. guaranteed preference rock. With re-
ference to thin new issue of capital, an official
circular issued to the shareholders remarks :
The ProUre'sive sod rapid development of the resources
of the Australian colonies, the recent opening uP of large
tract' of new and fertile 'vestry Mena and particularly
the foasdiag of the new large colony of Quesuelaad, me
eireumatimete which, in the opiake of your directors,
afford opportunity for the advantageous eulargerusat of the
sphere of this company's operations sad the increase of its
business ; they consider that the time has DOW arrived
when this favourable state of matters should be takes ad-
vantage of, and the capital of the company iscressid
meet the growing demand for it.
A meting of shareholders in the Mexican Bank
is called for the 9th May, to confirm a resolution
passed at a previous meeting altering the name of
the bank to " The London Bank of Mexico and
South America (Limited)," and on other business.
The Australian Mortgage, Land, and Finance
Company, baring already sent out a manager to
Queensland, now announce that they are prepared
to receive applications for the poet of manager in
New Zealand.

The susbcription list of the Otago and Southland
Investment Company will be closed for London and
the provinces on the 27th, and for Scotland on the
29th inst.

The share list of the Commercial Finance and
Agency Company will be doled on Friday, the
29th instant.

The British Shipowners' Company announce that
no further applications for shares will be received
after, to-day (Saturday).

FRIDAY IVINUNI.
Console opened and closed to-day at yesterday's
quotations, viz., 91* to / for money, and 94 to
for the sth of May. The official business report is
as follows :—Three per Cent. Consols, for money,
91j, I, ; ditto, for account, 913 ; Three per Cents.
Reduftd, ; New Three fier Cents., 89*, /, ;
Bank Stock, 238, 240 ; India Stock, 218, M;
ditto Five per Cent. Stock, 1051 ; ditto Four per
Cent. Debentures, 1866, 99/ ; ditto Bonds, 7s. the.;
Five-anddi-Half per Cent. •' enfaced " rupee paper,
112*.
The India Five per Cent stock was firm. Ex-
chequer Bills remain at 9s. to 4a. dia.
I Mexican Bonds were in demand this morning,
and were marked at one period 46, but the closing
quotation was only per cent. above that of yester-
day. This department of the Stock Exchange
generally wax rather firmer, and an improvement
of * to I per cent. took place in several of the ape-
' culative securities. Confederate Bonds rase 1 per
cent. Portuguese, however, were rather flat, and
Venezuela declined about * per cent.
The closing (but in some cases merely nominal)
quotations for shares in new undertakings are
subjoined, viz.: City Offices, 4 to 2 prem. ;
National Financial, I to 3 prem. ; Lemberg and
Czernowitz Railway, par to 1 prem. ; International
Land Credit, 4 to 21 prem. ; Telegraph Construc-
tion, 11 to l prem. • Imperial Bank of China,
Ito 4 prem. ; Millwall Iron Works, 21 to I prem. ;
Fore-street Warehouse, 31 to 3 prem. ; East India
Financial, .11, to lf prem. ; Gellivara, 3to 1 dix. ;
Ottoman Financial, par to * prem. ; Smith,
Knight, and Co., 21 to 21 prem. ; Mauritius Credit
Foncier, I dis. to I prem. ; Continental Union
Gas, 1* to 2 prem. ; Commercial Finance and
Agency, I to 2 prem. ; and British and South
American Steam, 112 to 2* prem.

DIPEELLL PARLIAMENT.

BOO= OF WIRDB.—FaIDAY, Arm 92.
53r Mammas took kis mat as the webs* at
SA M&

TRZ SUGAR DUTIES.

Lai COLIMA pmeated polities, from the Simile of
antakas ani paying for • reduction of the saw
&fag, atel thet meseame geoid be taken for the
dime Phew, ac if that amid 004 be does,
=Pmemi niselitereatiell duty is Imam of free Mom wager
*OP be miebbibill