The Express.
London, England, 1864-03-11 00:00:00

MONEY MARKET.-(THIS DAY.) t 3,5101.; the Midland, an increase of 4.193/. ; and
the Manchester, Sheffield, and Lincolnshire, as
increase of 1,8581.
Subjoined is Messrs. Culverwell, Brook., and
Co.'s report of yesterday's bide sales :
At the fifth sense of bide sake for the year there was a
good general demand ; prices were very firm, to an occasional
abeam of id. to id. per lb. Fast India.-01 sad Cow
Calcutta were in very good demand, nearly the whole of the
quantity offered being sold. All descriptions were very
firm, and an occasional advises of id. to id. per lb. was
realised. The home trade were larger buyers than lately.
There were so Madras or Pondicherry offered. The analysis
of the sales is 125,746 Calcutta new parcels, and 1,704
brought forward from former sales ; in all 127,450 hides, of
which 120,534 were sold. Feat India.—Buffalo realised late
rates. Lember.—Australian was in good demand at folly
ht. prime. East Indian was only part sold. Salted Ilkley.—
Australian were in fair request at about former prices.
=rsicold walla Dry and Drysalted Hidea—Mogadore
fulles prices; African sold well ; West Indian brought
late p.
The return of the Bank of England for the week
ending Wednesday, March 9, compared with that for
the precious week, shows the following changes :
Circulation issue
Circulation active 20,027,140 Decrease 216,260
Public deposits /4,863,364 increase 969,731
Other deposits
Government securities in
banking department 11,174,584 No change
Otbersecurines in banking
department
Coin and bullion in both
departments
Seven day and other bills 536.665 Decrease Alta
The Best 3,791,536 Increase 12,663
Notes in reserve
Total reserve (notes 3; coin
in banking department) . 8;107,249 Increase 66,427
The coin and bullion have fallen off to the extent
of 149,8331. in consequence of the withdrawals of
sovereigns recently reported fur Brazil and Alexan-
dria. The large increase in the government depo-
sits has been fully neutralised by the withdrawals
of private deposits but, as the private securities
have diminished, the reserve presents on balance a
small increase.

Two o'Cteci.
The stock markets to-day are generally very
steady, notwithstanding the continued dulness of I
business. The funds are firm, and Consols
are quoted about 1.16 per cent. higher than ,
yesterday afternoon. Several of the speculative •
foreign stocks have slightly improved-Mexican,
however, presenting exceptionally a decline. Home
railway stocks are dull, and the shares of some of
the financial companies heavy.
At Paris this morning, according to Mr. Renter's
telegram, the Three per Cent. Rentes were quoted
06fr. 50c., being sc. better than yesterday.
Consols are now quoted 911 to 1 for money, and
91# to 1 for the account (April 8). The official busi-
ness report is as follows :-Threeper Cent. Console,
for money, 914, 91, 1 ; ditto, for account, 914 ;
Three per Cents. Reduced, 893, I ; New Three
per Cents., 891, ; Bank Stock, 2381, 238, 1 ;
India Five per Cent. Stock, 1041, 4, g ;
ditto for account, 1044 ; ditto Four per Cent. De-
bentures, 1866, 99 ; ditto Bonds, 4e. die. ; Four
per Cent. " enfaced " rupee paper, 931 ; ditto
Five-and-a-Half per Cent., 113 ; and Exchequer
Bills, bs. die., par.
Mexican Bonds have fallen about 1 per cent.,
being now quoted 421 to a ; but with this excep-
tion foreign stocks are generally firm. Turkish
securities are 1 per cent. higher, the Loan of 1858
being quoted 68 to 4, ex div. ; that of 1862, 69 to
; and the Consolid4s, 50/ to 51. Spanish
Passive Bonds are also 1 to 1 better, at 351
to 1 ; and the Certificates have been in de-
mand. Greek Bonds are firm, at 221 to 1.
Transactions are recorded as follows:-Brazilian,
1852, 1858, 1860, 874, 1 ; Egyptian, 100, 1, ex dir.;
ditto, second issue, 100, 4, ex div. ; Greek
Coupons, foe account, 104 ; Mexican, for account,
42/, 434, 421 ; Portuguese, 1856, &c., for ac-
count, 481, 48 ; Russian, 1862, 881, 891 ;
Spanish New Deferred, for account, 461 ; ditto
Passive, for account, 351, 36, 351, # ; ditto
Certificates, for account, 131, 14, 131 ; Turkish,
1858, 1001. Bonds, 701, 71, ex div. ; ditto
1862, for account, 69, 4 ; ditto 1001. Bonds, 691 ;1
Venezuela, 1862, for account, 591, 1, ;, 1, 60.
International Financial shares are now quoted 61.
to ; prem. ; General Credit, 31 to 1 prem. ;
London Financial, 91 to 101, ex div. and ex new ;
Mercantile Credit, 71 to 1 prem. ; Hudson's Bay,
181 to 1 ; and Thames Iron Works and Ship-
building, 34 to 1 prem. ; Credit Mobilier, 1 to
If prem. ; Imperial Financial, 21 to 3 prem. ;
Financial Corporation, 11 to 21 prem. ; Credit
Foncier (Great Britain and Ireland), 1 to lf prem. ;
Queensland Sheep Investment, 1 to 11 prem. ;
Australian and Eastern Navigation, 41 to 54
prem. ; South Eastern Bank, par to 1 prem. ;
and National Provincial Marine, 1 to 11 prem.
FOCA o'Cwex.
Consols are still quoted 911 to 1 fur money, and
914 to for the account. Only 3,0001. in gold has
been sent into the Bank.

BAN[ OF ENOLAND.—ti Ac
sod 6th Vic., c. IS, toe the week
116 e.

coosat pursuant to the het 7th
ending on WedneW►y, March 9,

ISM DEN
Note issued £27,76:,310 1

PARTMENT.

Government debt.. 411,016,100
Other securities— . 40.14.00
Gold coin sod _

Loa
BUver Winkle ....

127.:66.1310

L27,7a,A8

BAJOLDIG DipArnnerr. . .
Mrietoni Capital C 14,553,000 I Government Ws-
-3,701.4.18 rifles Including
Public Depoaita ,hi- I Bead Weight An-
eluding Licata., unit))
Say. Banks, Com: 1 Reber Securities

Ws. od Nitlonal

Notes

Debt, sad Die.

Gold and Stlves

Accti.)
Other Deposits l2 431.1175 I
Seven day and other
BID. 5313,t65J
L 40.179,560 440.179.5t4
Mar.h 10. 1t4:4. . MARSHALL. Mel Laithiet.
- --
Thu SISDAT EvErneo.

Van....

Consols, which closed yesterday at 914 to 4 for
the Bth April, were marked to-day 914, and
closed at 91 5-16 to 7-16. For money the last
price was 91 to 4. The official business report is
as follows :—Three per Cent. Consuls, for money,
91, 4 • ditto for account, 914 ; Three per Cents.
Reduced, 894, 4, • ' New Three per Cents., 894,,
; Bank Stock 238, 240, 2384 ; India Five p-.r
Cent. Stock, 1041 4 ; ditto Bonus, Bs. die. ; ditto
Four per Cent. Debentures, 1864, 994.
The India Five per Cent. Stock was quiet. 1804
Bonds were dealt in at Ba. die. Exchequer Bills
remain at ss. dis. to par.
With the exception of Mexican Bonds, which
were pressed for sale, and hare fallen per cent.
this afternoon, and of Colombian scrip, which was
quoted 1 per cent. worse, the foreign stock market
was firmer.
In the market for bank shares there was au im-
provement in London Bank of Scotland, Chartered
Mercantile Bank of India, London and China, and
English and Irish Bank. Bank of Otago and Im-
penal Ottoman Bank were likewise inquired for.
Bank of British North America, Agra, London and
South American, Metropolitan and Provincial,
Oriental, and Midland Bank sham have receded.
Little alteration occurred in the miscellaneous
share market. Hudson's Bay shares were rather
dull at 18 to 4, and Egyptian Trading at 24 to
prem. The new shares of the Panama, New Zea-
land, and Australian Royal Mail Company,were
quoted 1 to 4 prem.
General Credit shares were in renewed di tumid
this morning, but, after further improving, re-
turned to yesterday's closing quotation-3i to 34
prem. International Financial have declined to 64
to 7 prem., being a reduction of be. to 7s. 6d.
London Financial were firm at 10 to 104 prem.,
and Mercantile Credit steady at 74 toy j rem.
Imperial Financial left off at 24 to 31 prem.
The closing (but, in some cases, merely nominal)
quotations for shares in new undertakings are
subjoined, viz. :—Credit Foncier of Mauritius, 4 die.
to 4 prem. • Land Securities, 11 to 14 prem. ;
Contract Corporation, 24 to 34 prem. ; Credit
Foncier (Great Britain), 4 to 14 prem. ; Aus-
tralian and Eastern Navigation, 44 to 51 prem. ;
Ottoman Financial, 1 dis. to par ; Consoli-
dated Discount, 1 dis to par • Financial Cor-
poration, 14 to 2 prem.; Naval and Military Bank,
4 to 11 prem. ; English, Irish, and Foreign Rollin
Stock, 1 to 11 prem. ; Financial Discount, 2 to
prem. ; Credit Mobilier, 4 to 14 prem. ; Queenslan
Sheep Investment, 4 to 1 prem. ; Thames Iron
Works, &c., 21 to 34 prem. ,• Gellivara Company,
to 1 prem. ; London and Liverpool Hotel, 1 to
I prem.; Natonal Provincial Marine, Ito 14 prem. ;
Albion Bank, 1 to 2 prem. ; and Central Argen-
tine Railway, 4 to 1 prem.

A fair demand was experienced yesterday at the
Bank of England Discount-office, but the general
market was easier. The terms for good bills were
5 to 6 per cent., but exceptional transactions
occurred at 51. In the Stock Exchange there was
only a limited demand for loans, and the terms on
government securities remain as low as 3 to 4
per cent.

The amount of gold bought by the Bank yester
day was 56,000/.
The monthly return of the Bank of France, as
made up to Thursday, the 11th of February nd
announced this evening by Mr. Reuter's telegram),
shows the following results (the exchange taken at
25fr. to the pound) :
Coin and bullion
Bills discounted
Notes to circulation Decrease 1.140,000
Private deposits Decrease 680,000
Treasury eats
Advances on public securities Decrease 320,000
The improvement in the position of the Bank of
France has made additional progress, as is shown
by the farther increase in the coin and bullion,
especially considered in relation to the large falling
off in the amount of notes in circulation. The
heavy decrease in the discounts is a natural conse-
quence of the determination lately shown by the
council to keep the Bank rate of discount 1 per
cent. above that current in the general market.
The amount of government bills on India for
which tenders will be received at the Bank of Eng-
land on the 16th inst. will be rupees 30,00,000
(300,0001.)
A dividend Court of Proprietors of the Bank of
England is called for the 17th instant. Another
General Court will be held on the sth of April, to
elect a governor and deputy-governor for the year
ensuiug, and, by adjournment, on the following
day, to elect 24 directors.
Another new financial undertaking is an-
nounced under the title of the Warrant Bank-
ing Company (Limited). It is organised upon a
scale of magnitude, the capital proposed being
2,000,0001., iu 40,000 shares of 50/. each, with a
first issue of 20,000 shares. The company's pro-
gramme is sufficiently simple, as its business is to
consist mainly in making advances upon produce
represented by dock warrants or other assignable
documents. It is proposed that all such produce
shall be duly inspected and valued, and a margin
allowed for depreciation. The advances are to
be made. not iu cash, but in acceptances by
the company of the drafts of its customers ;
and, to secure the due payment of these
acceptances, the directors pledge themselves that
the entire paid up capital of the company shall be
invested in British or Indian government secu-
rities, or lodged at cult It is also proposed to
make advances upon stocks and shares. In a busi-
ness of this nature everything depends upon the
management, and it must be conceded that the
company's board is respectably constituted, com-
prising the undermentioned names :—Mr. Joseph
Bravo, of J. Bravo and Co., of London ; Mr.
Archibald Bruce, of the late firm of Bruce and Co.,
of Abchurch-lane ; Mr. W. J. R. Cotton, of Culver-
well, Brooks, and Cotton ; Mr. A. D. e Pass, of
Be Pass and Sons • Mr. Abel Heywood, Ex-Mayor
of Manchester and director of the Alliance Bank ;
Mr. George H. Jay, late of the firm of Quilter,
Ball, and Jay ' • Mr. Thomas Jolly, of Manchester ;
Mr. H. R. Marriott, of Henry Marriott and Co.,
of Manchester ; Mr. George Palmer Robinson,
director of the Alliance Bank • Mr. Albert Ricardo,
of A. and W. Ricardo; and Mr. William Rawstron,
of Manchester. Brandies are to be established at
Liverpool, Ma.icheater, Glasgow, and other large
towns. The directors are not to receive any remu-
neration until the shareholders have been paid 51.
per cent. by way of dividend on their paid-up capi-
tal, after which the directors will receive one-fifth
of the net profits.
The directors of the London Bank of Scotland
have notified that " they are now ready to take
current accounts in Loudon, and to transact all the
ordinary business of London bankers, the rapid
increase of their connexion satisfying them that
such a step will prove of advantage to the bank.
With this object they are about to secure suitable
premises on a larger scale iu the most central
quarter of the City, their present offices not being
sufficiently large for the increased business they are
already conducting." It is announced that Mr. . Six thousand
of ettihiei4rants
of have arrived in Ohio
Commissemer of Immi-
George E. Scarainanga, of the firm of Messrs. an,“ gntioo 1.17;11°D. The
Scaranuinga Brothers, has joined the board. ' months 'hie; with a view ci furthering immtgratioe.—
Mr. S. Waterhouse, M.P., a director of the Ohio paper.
Great Northern Railway, has joined the board of I A number of western capitalists are making
the Central Argentine Railway Company. arrangemente to go extensively sod legitimately into the
• general meeting of the Atlantic Royal Mail wti'x' bu'"wm—both by amltivatieg"ml'l'3 plantations
Steam Company is called for the 31stinst. hi Louisiana and Mississippi, and by purchasing of the old
plaster. They mean to dont:emirate on a large male the
The North Easteru Railway traffic return shows admits's.' of free labour. —New York Sun.
this week an increase of 3,8711. over last year; • Mrs. Tom Thumb is a mother N. to York
the Lancashire and Yorkshire, an increase of news.