The Express.
London, England, 1855-05-12 00:00:00

MONEY MARKET.

FRIDAY Rvannte.
The English stock market to-day wore an im-
proved appearance, and closed g to 1 per cent. higher
than yesterday, owing to increased investments by
the public, which have caused money stock to be
again in demand for transfer. The bona fide sales
which were effected in anticipation of the announce-
ment of the new loan, and also the stock created by
payments in advance of the next instalment, would
thus appear to have been readily absorbed. Intelli-
gence of a fresh repulse of the Russians before Sebas-
topol contributed to the firmness of the market.
Money continues abundant in the Stock Exchange, at
only 2 per cent. on government securities, owing to
the investments in progress. _ _

At Paris to-day the Three per Cent. Rentes expe-
rienced a decline of about 1 per cent. The tendency
of the Amsterdam bourse continues upwards, and
some of the other continental markets are likewise
firmer. At Vienna little alteration is observable.
Consols for money ranged between 881 and 89,
and closed at 881. For the new account of the 30th
inst. the closing quotation was 88Z. The official busi-
ness report is as follows :—Three per Cent. Consols
for money, 881, 1,;, 89, 881; ditto for account 30th
May, 881, /, 89, 881. Three per Cents. Reduced,
871, 871. New Three per Cents., 871, 1, 88/.
Long Annuities, expiring in January, 1860, 31, 315-16.1
30 years Annuities, October, 1859, 3 11-16. India
Stock, 2301. Bank Stock, 209. Three-and-a-Half
per Cent. Exchequer Bonds, falling payable in 1858,
991. India Bonds, 15s. to 17s. prem.
Exchequer Bills were last quoted 51. to Bs. prem.,
and Exchequer Bonds, 991 to 1.
The omnium was firm, ranging between 1 to 1,
and 1 to 1 prem., and closing at 1 prem.
ILittle business was done in -Foreign Securities.
Turkish continues in favour, and, after rising to
176 lo 1, closed at 741 to 75. Spanish and Mexi-
can Bonds were firmer, and other stocks steady.
Al 4 o'clock Russian Five per Cents. were quoted 98
to 100 ; ditto Four-and-a-Half per Cents., 87 to 89;
Mexican, 201 to 21; Sardinian, 85 to 87 ; Peruvian
Fourand-a-Half per Cents., 67 to 69 ; Dutch Two-
and-a-Half per Cents., 62 to 64 ; ditto Four per Cent.
Certificates, 91 to 93 ; and Spanish Deferred Three
per Cents., 181 to 1. Theliat of sales is annexed, viz.:
Brazilian Old Five per Cents., 991. Dutch Two
and-a-Half per Cents., 63. Mexican Three per
Cents., 201, 21. Russian Four-and-a-Half per Cent.
Small Bonds, 88. Spanish Old Three per Cents.,
371; ditto New Deferred Three per Cents., 181;
ditto for account 16th May, 181; the Bondholders'
Committee's Certificates for the unfunded coupons,
4 per cent. Turkish Six per Cents., for account 16th
Mar, 75,741; ditto, Small Bonds, 751.
The arrival was to-day announced of four more
vessels from Australis, viz., the Ellenborough (sailed
Jan. 27), and Kate (Jan. 16), from Sydney; the
Champion of the Seas, from Melbourne ; and the
Antipodes, from Hobart Town. Of these, the Ellen-
, borough has on freight 1,500 oz. of gold, worth about
8,0001., and the Champion et the Seas is believed to
have some quantity of gold and later dates.
The tendency of the foreign exchanges this after-
noon was in some instances rather less favourable, but
the reduction in rates was not important. On Ham-
burg the current rate was 13.71; and on Amster-
dam 11.191 to 128. Bills on Frankfort were in de-
mand
at 119. Paper on Paris also met with some '
inquiry at 25.40 to 421 at three months, and 25.15
to 171 at abort. Drafts on Vienna and Trieste were
offered at 12.45.
The Admiralty will receive tenders on the 22nd
inst. for the supply of 126 tons of Gallipoli oil, and
on the 17th inst., for 160 qrs. of mustard seed.
The Admiralty have ordered the ships Clarendon,
George Robinson, Luiss, Cockermonth Castle, Grey-
hound, Coronet, and Japan, to be surveyed, prepa-
ratory to engaging them for the transport service.
The East India Company will receive tenders on
the 16th inst., for the conveyance of stores from Eng-
land to Msdrss.
The Emigration Commissioners invite tenders (to be
received on the 17th) for the hire of two ships, to
proceed respectively to Adelaide and Moreton Bay,
and to be ready to receive passengers between the
2nd and 9th of July.
The tallow market has been dull throughout the
week, owing to the recent heavy arrivals from St.
Petersburg, through Prussia, but to-day the market
wee firmer.
St. Petersburg letters of the 3rd inst. state that
several hundred casks of tallow had been purchased
for transmission to this country. The exchange was
quoted 35 11-16 to 13-16 d.
The indigo sales today went off with good spirit,
and previous prices were fully maintained. B cata-
logue commences on Monday.
At a meeting of the Florida bondholders, held to
day at the offices of Mesers.Palmer, Mackillop, Dent,
and Co., the Hon. W. L. Melville in the chair, a re-
port was read describing the proceedings taken by
the committee as regards their claim submitted to
the convention established by the governments of
Great Britain and the United States. From this it
appears the British commissioner decided that the
bondholders have a valid claim on the federal govern-
ment, whilst the American commissioner held that
no claim exists on the government of the United
Sttes. The question was in consequense referred
to the umpire, Mr. Bates, who decided that there is
no claim on the federal government, but that the
state of Florida is bound to pay the principal and
interest of the bonds, and that the claim under the
bonds is a just demand ; and he expresses a hope
that the people of Florida will learn that honesty is
the beet policy. It is understood the committee will
make a further communication to the holders of
bosds.
The fallowing special meetings are newly an-1
uounced—viz.: East Lincolnshire Railway Company
for the 25th inst., to consider a bill pending in parlia-
ment ; Great Northern Railway Company, for the
25th inst., also to consider bills, one of which refers
to a further increase to the company's capital; Ches-
ter and Holyhead Railway Company, for the 24th I
and 28th lost.; Royston and Hitchin Railway Com-
pany for the 26th inst. ; Manchester, Sheffield, and
Lincolnshire Railway Company for the 25th inst., at
Manchester; and Law Life Assurance Society for
the Bth June. The annual meeting of the New Zea-
land Company is to be held on the 31st inst.
The market for land and bank shares continues
fairly supported. Royal Mail Stearn shares were
quoted better to-day. London Dock Stock ert.e dealt
in at 991 ; General Screw Steam at 141; Illinois
Central Seven per Cents., redeemable in 1876, at 681;
ditto, Seven per Cents. (tree land), 1860, at 651 and
65 (exchange, 4s. 6d.).
Annexed are the latest reports from foreign mar-
kets, as received by the Continental Telegraph :
Paris—Friday (this day) (Closing paces): Three per
Cent. Bestirs, for account, 68.36; ditto for mosey, 68.30 ;
the Four-and-a-Half per Cents., for money, 93 40; ditto,
for account, 93.25; Bank shares, 3,030. The Three per
Cents. show a decline of about 1 per cent. since yesterday.
Vienna—Thmeday (Cleave prices): Austria's Five per
Csat. Metallic*, 801; ditto Four-and-a-Half per Cents.,
70. ll:chutes on London, 12.28. Gold, 311 per mut.
?net ; silver, 28 per ant. prem. This bourse ezeibits no
Important alteration.
1 Amsterdam—Thursday (Closing prices): Dutch Two
I sad-a-Half per Cents. 62 7-16 ; ditto Four per Cent. Cart&
I etas, 911; Portuguese, 38 3-16 ; Alillafiall Five per Cent.
tallies, GOl ; fipanith Old Foreign Three per Cents ,
; the Coupons, 4 1-16 ; the New Deferred
eterred Three per
Cents., 18 6.16; Mexican, 191; Granada D, 6 9.16;
I TaihtFysr:nApkertieesovert,_arol6T;phitunratefdaliasyinT:Frasotupshre-ormisbenhdt-tesZ.WsliptieefreCneenc•l s;hB6rl.
Per Cents., 181 ; Bpinirb Old Three per Cents., 314.
Spasi,h stocks are rather hrmer
Berlin—Thursday . Russian Five per Cents., 97, offered.
Etch cage on Lgadoo, 6 171
Hasohare—Thursday : Spanish 0:a Three per Coots.,
291; ditto New Deferred Three per Ceats.,l7l. These
pelves us 11007 higher.

Yu 10. 1866

Seat mereme.. 4,676
On the ether side of the amount:
Government eeenritlea decrease .. 626.000
Other securities decrease .. 223,174
Coin end banks Mathes ..

119,810
118,464
4,674

311,060

Total

The chief change in this return is the decease cil
623,0001. in the stock of government securities. The
Treasury, it is evident, is repaying to the Bink the
heavy advances lately made by the establishment on
deficiency bills. The private securities continue to
diminish, proving that bills running off are no longer
renewed at the Bank, the charges in Lombard•treet
being more moderate. The stock of coin and bullion
is still increasing, and the present rates of foreign
exchange, coupled with the large arrivals of the pre-
cious metals, encourage the belief that a further ooli-
aderable accession will be made to this item. The
present appearance of the Bank balanoe-aheet points
to a further reduction in the rate of discount.

BANKb K OF SNOLUID.—An Aeoceest, parresat to the Aet 7th sad
F 10.... 32, for the week emits( on estasky, May 6.1166.
tesOz *WARM 'S?.
1
Nelms breed ..........*42,911,030 Govewooteat Debt. ... . A 11.11.22
Other Beetnities
Gold Coln sod Dellloo I'l,'9"ll"_oMiter Bollios

!39.911.030'
IAPICIIIO D

Pe
seletore' Capital ....$14.663; 00
Urn 136.43.5
Public Devositanaciud.
xcb.a.. Say. Bmkii
Omen& at Nadeau
Debt. sad Die. Aoetal 4.337.600
Other Deposita .. 12.645.661
Beveanas aadotbeellille 1,090,(16

PAZTIIIIIT.

Unclad.
Government Dead Sonintlei
wolen
I Other
Annuity, .
..... £13,691,1111
decal** ...... 12.ra.06a
Noun ...... .......... 8.741.6011
Gold and Silver Ooln 708.181

£3:163.1n
lILRBIIALL. Chkf Orhtt•

THIS DAY.—Two o'CLocit.
The English funds to-day have experienced a hr-
ther advance of k to 1 per cent., although business is
limited. Console for money are quoted 881 to 891,
and for the 30th inst. 89 to 1. Scarcely any varia-
tion has occurred throughout the day. The Three
per Cents. Reduced have been dealt in at 871 to 88/
the New Three per Cents. at 881 to 1; and Exche-
quer Bilk at ss. to Bs. prem. The omnium ban ad-
vanced to j to 1 prem.
Foreign stocks ere firm, and in some cues slightly
higher. Turkish has advanced to 75 to 1, and
Spanish New Deferred Three per Cents., 18; to 1.
Mexican is quoted 201 to 21, and 'Waken Ftve per
Cents. 98 to 100. Dutch Four per Cent. Certifs.
have been dealt in at 92 to 921; Venezuelan Active
Bonds at 271 to 28 ; Spanish Old Three pee Cents. at
371; Portuguese Four per Cents. at 42k; and Rus-
, sian Four-and- ,l per Cents. at 87i.