The Express.
London, England, 1864-03-24 00:00:00

MONEY MARKET.-(TEIE DAY .)

Two o'CLoci.

Although the weekly court at the Bank of Eng-
land has broken up without reducing the rate of
discount, the stock markets to-day are very steady.
The funds, home railways, and foreign stocks are
generally quoted the same as yesterday afternoon,
with only a limited amount of business.
At Paris this morning, according to Mr. Renter's
telegram, the Three per Cent. Bente' were quoted
68fr. 07c., showing no change of importance.
Consols are now quoted 91# to # for money, and
911 to for the account (April 8). The official
business report is as follows :—Three per
Cent. Consols, for money, 91#, f ; Three per
Cents. Reduced, 894, I ; New Three per Cents.,
894, # ; India Five per Cent. Stock, 1044, f ;
ditto Four per Cent., 98; ; ditto Four Cent. De-
bentures, 1860, 991, f ; Five-and-a-Half per Cent.
" enfaoed " rupee paper, 113; and Exchequer Bills,
78., 2e. die.

Foreign stocks are steady. Spanish Passive
Bonds are 1 better, at 351 to e, and Turkish Con.
solid& at 54 to 4. Mexican Bonds, after
slightly receding, have returned to yesterday's
final quotation, viz., 441 to 451. Confederate
Bonds are 1 per cent. worse at 50 to 52. Greek
remain at 234 to 1. Transactions are recorded as
follows :—Brazilian, 1863, 891, 4 ; Belgian, Four-
and-a-Half per Cents., 991 ; Dutch Certificates,
1021; Egyptian, 1001, ex div.; Greek, for
account, 231, 1 ; Italian, for account,
671 ; Mexican, for account, 441, 1,1, 45 ; Portu-
gnaw, 1866, &a, for account, 481, 1 ; Russian,
1862, 901; Spanish Passive, for account, 351 ;
ditto Certificate., for account, 131, 1 ; Turkish,
1858, 1001. Bonds, 744, ex div. ; ditto, 1862, for
account, 711 ; ditto 1001. Bonds, 71/ ; ditto, 1863,
684 ; Venezuela, 1862, for account, 661, 1.
International Financial shares are now quoted 61
to 7 prem., ex div. ; General Credit, 4 to prem. ;
London Financial, 111 to 1, ex div. and ex new ;
Mercantile Credit, 71 to 84 prem. ; Hudson's
Bay, 181 to 191 ; Egyptian Trading, 31 to
prem. ; Credit Mobilier, 44 to 1 prem. ;
Imperial Financial, 41 to 51 prem. ; Credit
Foncier (Great Britain and Ireland), 54 to
prom. ; Central Argentine Railway, 4 to 1 prem. ;
City Offices; Company, 31 to 1 prem. ; National
Marine, 4 to 1 pram ; British Columbia and Van-
couver's Island, 4 to 1 prem. ; and Smith, Knight,
and Co., 21 to 1 prem.

The demand at the Bank of England discount
office yesterday was heavier than for the last three
weeks, but the increase seems to be chiefly due
to the coming holidays, as many persons will stop
away from business from this afternoon till Tues-
day morning. In the general market, however,
notwithstanding the holidays and the approaching
close of the quarter, there was no increase of move-
ment : the terms for good bills were 51 to 6 per
cent., but some transactions occurred at 51.
The amount of the subscriptions for the Bolivian
loan 0f1,000,0001. not having realised the expectations
of the fiscal agent of the government, it has been
determined to withdraw the loan for the present.
The deposits will, consequently, be returned forth-
with.

It appears that the amount of Brazilian govern-
ment loans to be paid off by Messrs. Rothschild on
the let of April, is 2,000,000/., less such sum as
has been discounted since the announcement of
the Four.and-a•Half per Cent. Loan raised to pay
off the Old Bonds.

The subjoined notice relating to India Four per
Cent. Debentures has been issued from the India
office :

The Secretary of State for Ledla in Council hereby gives
ratios, with referrers to the advertisement issued from this
ram oe the 10th of July, 1863, that the lociia Four per
Oust. Dakeetures, which are to be paid off on or after the
Bth of April next, must be left at the Chief Cashier's office,
Beak of Begland, for examination, three days previous to
paymeat being made. Parties leaving their &beaten* on
or before the sth of April ma receive payment of the same
oir the Nib April.
The Stock Exchange Committee have appointed
Friday, the let of April, • special settling day in
the shares of the Mexican Bank (Limited), which
are to be officially marked.
We are informed that Mr. H. L Bischoffsheim,
and also Mr. David Stern (of Stern Brothers) have
joined the board of the Imperial Bank.

The subjoined memorandum is from the Austra-
lian and Eastern Navigation Company :
At a meeting of the board of directors of the Australian
sad Eastern Steam Navigation Company, held this day, it
was quite understood that, nadir any circumstances with
respect to the future of the oompany, any dissentient share-
holders shall have the opportunity of roosiviog back his
deposit money of 21.1 pie share without any dedoctiors.

The Atlantic and Great Western Railway Com-
pany have announced an issue of &aloud Mort-
gage Bonds to the extent of 800,000 dollars (or
180,0001.) of the New York division, and 1,000,000
dollars (or 225,0001.) of the Pennsylvania division.
The former are due in 1881 and the latter in 1882.
The Bonds are redeemable in New York or in
London at 4s. 6d. per dollar. Four per cent. of
the gross amount—being a very liberal sinking fund
—will be drawn yearly in July, commencing in
1865, to be paid off at par in London. The interest
will be payable half-yearly at the Consolidated
Bank at the fixed rate of 43. to the dollar. The
price of issue is 70, with interest from the lst prox.,
so that the return is nearly 9 per cent. The
energetic progress of the works having rendered it
desirable to offer these Se and Mortgage Bonds
some months earlier than was contemplated when
the last issue of bonds was made, it has been de-
cided " to give to existing holden the privilege of
subscribing for them at the rate of one bond for
every two now held, at a concession in price equal
to a liberal bonus." It is further explained that
in May the whole system of this railway will be
in operation, consisting of the main line from
Salamanca to Dayton, 385 miles ; the branch to
Cleveland, 67 miles ; and the Franklin branch and
the Oil Creek Railway, 54 miles—in all about
506 miles, of which 302 have been successfully
worked during the winter. On the lit of May it is in-
tended to run express trains through from New York,
rid the Erie ; Atlantic and Great Western ; Cin-
cinnati, Hamilton, and Dayton ; and Ohio and
Mississippi Railways, to Sk Louis-1,200 miles, in
40 hours, without break of gauge or change of
carriages. The prospectus states :—" The income
of the portion of the line opened has reached
301. per mile per week—within one year of
the opening of the through route the re-
ceipts will be 601. per mile per week—which will
give a dividend on the shares exceeding 25 per
cent, after providing for all expenditure, and the
interest on the whole lame of bonds." This com-
pany occupies an exceptional position, inasmuch
as it has from the outset adopted the sound plan
of deferring the issue of securities to the public
until after the actual progress of the railway has
secured the necessary income for providing the in-
terest.

The London and North Western Railway traffic
return shows this week an increase of 9,3421. over
last year ; the London and South Western an in-
crease of 1,2231. ; the Great Northern an increase
of 3,4611. • the Great Western an increase of 2,4671.;
and the &eat Eastern an increase of 3,7731.

•
The *wood annual general meeting of the share-
holders of the Rio de Janeiro City improvements
Company (Limited) was held yesterday at the London
Tavern, Mr. Raw Donnelly Mangles iu the chair.
The chairman referred to accounts received since
the preparation of the report of the further satis-
factory progress of the works. The report and state-
ment of accounts were approved and adopted, and
Mr. Cater was re-elected auditorfor the ensuing year.
A special meeting of the Malta and Mediterra-
nean Gas Company (Limited) is called for the 16th
of April, " for the purpose of considering proposed
extension of the undertaking and the raising addi-
tional capital."
A special meeting of the Norwich Union Rever-
' 'Weary Interest Company is called for the sth of

3 '

April, to confirm or reject the resolution for dissolv-
ing the company puled on the Bth inst.
We are requested to state that the Mercantile
and Exchange Bank will take possession of their
newly acquired premises, No. 4, Lombard-a
on Monday next, the 28th instant, whinl:lZ
thenceforth be their principal London establish-
ment. The Mincing-lane office will be continued
as a sub-branch.
With reference to the market for American se-
curities, Mr. X F. Batterthwaite reports as fol-
lows :

--
During the put week transaction* in American securities
in tbe London market have been to a moderate latent. The
chief dealings have been in United States 5.20 Bonds, which
have fluctuated between 62 and 63, chain firm at 621.
Erie Shares have improved idol., whilst Illinois Ohara' have
given way 1 dol.

WiLINESDLI Evierisa.

Consols, which closed yesterday at RI to 3 for
the Bth of April, were marked to-day 911, and
closed at 911 to 1. For money the lastpriee was 9111.
The official business .report is as follows :—Thres
per Cent. Consols, for money, 914, I, >F • ditto, for
account, 911 ; Three per Cents. Bedr:ced, 911.
; New Three per Cents., 8914 ; ,Annuities, 1085,
141 ; India Five per Cent. Stock, 1041, I ; ditto
Four per Cent. Debentures, 1866, 99 ; ditto Bonds,
Ss. die. ; Five pee Cent. " enfaoed" rupee paper
1041, 104 ; ditto Five-and-a-Half per Cent., 113.
The India Five per Cent. Stock was steady, and
the rupee paper rather dull. India Bonds were
dealt in at Ss. dis. Exchequer Bills remain at
Be. to 3a. die.

In the foreign stock market attention has again
been directed chiefly to Mexican Bonds, which
opened firmly, and were first marked 45g. Some
hesitation being afterwards shown by the specu-
lators with regard to the conditions of the coming
loan, sales were pressed as low as 44g, and the
closing quotation-44 to 44--was below that of
yesterday.
In the market for bank shares there was an ad-
vance in European :ft* Imperial, London Bank
of Scotland, Merchant Bank, Metropolitan and
Provincial, Bank of New Zealand, Standard Bank
of Africa, and Union Bank of Australia, while
Agra and Alliance Bank were quoted rather lower.
Land Mortgage Bank of India were dull. Anglo-
Austrian Bank and Anglo-Italian Bank closed at
to g prem. Hudson's Ba shares were rather
flatter at 14 to 19, while Egyptian Trading have
risen to Si to g prem. National Discount shares
were in demand, and Contract Corporation, Klee-
tric -Telegraph, and Canadian Loan and Investment
rather weaker.

The shares of the financial companies were steady,
except Imperial Financial, which have declined about
11. MercantileCredit,CreditMobilier,andereditFon-
cier have risen The closing quotations are annexed,
via.: International, 64 to 1 prem. ex div. ; General
Credit, 41 to 4- prem. ; London Financial, 11kti 1
prem.; Imperial Financial, 44 to prem. ; Mer-
cantile Credit, 84 to 84 prem. ; Credit Mobilier, 3
to 34 prem.; and Credit Foncier, 5 to 51 prem.
The closing (but in some cases merely nominal)
quotations for shares in new undertakings are
subjoined, viz.:—Land Securities, 14 to 2
prem. ; Consolidated Discount, 1 din. to
par ; Financial Discount, Ito 2 prem. ; National
Provincial Marine, to 1 prem. ; Central Argen-
tine Railway, 1 to 1 prem.; Mexican Bank, par to
Lprem. ; West of England Woollen, 1 to 14 prem.;
Warrant Banking, par to 1 prem. ; Fore-ertreet
Warehouse, 5 to 51 prem. ; London Commercial
Hotel, Ito 4 prem. ; Dutch Tramway, 1 to 11
prem. ; City Offices, 31 to 4 prem. ; British
Columbia and Vancouver Investment, to 1
prem. ; Silver's Indiarubber Works, 1 to 2 prem.;
London and Californian Bank, 11 to 2 prem.;
Ottoman Financial, die. to prem. ; Boodles
Telegraph, to prem. ; Mauritius Credit Fonder,
dis. to prem. ; Gellivara, par to prem.
The shares of " Smith, Knight, and Co.
(Limited)," opened at 4i to 5 prem., and closed at
3to 31 prem. The applications to-day exceed the
capital required by 8,000 shares. The list will be
closed on Monday for London, and on Tuesday for
tLe country.
United States Government Bonds have improved
1 per cent. There were also inquiries for Ceylon
and Mauritius Government Debentures.

MINES.-(THIS DAYJ

Two o'Cuwx.

Very little business is doing in the mining
market to-day, and the variations in prices are few
and unitniortant. Wheal Grenville Miami are
firmer at 7 to I, while Great Fortune have declined
to 14 to 6ir. East Caradon are quoted 313 to 11.
Whoa Seton, 1923 to 197} ; Wentworth Consols,
17 to 18 ; and East Russell, 3 to 4. East Cam
Brea shares are officially marked 7.
Bt. John del Rey shares are heavy, and have
declined ; transactions are recorded at 50 and 49 ;
Cape Copper, on the other hand, have again risen.
We are requested to state that the share list of the
Cleveland Iron Company will be closed on Wednes-
day next for London, and on Thursday for the
country.
A meeting of the Carmaux Mines Company is
convened for the 2nd of April, at Paris.
At the Tywarnhaile Mine meeting, yesterday, a
Call of 7s. lid. per share was made.
At the Mwyuely Iron Ore Company's meeting
yesterday a special resolution was passed increasing
the capital from 100,0001. to 200,0001., by the issue
of 10,000 shares of 41. each, bearing a preferential
divilend of 8 per cent. per annum.
The subjoined weekly summary of the metal
market is from the circular of Messrs. Von
Bedell's= and North :

&nos our last report the metal nrrket has not undergone
any change of importance ; all articles are very quiet.
Holders are not pressing sales, but, on the other hand, ope-
rators have not as yet sufficient confiders. a in present !nota-
tions. Iron: Welsh bars remain in a quiet state at 84 free
onboard Wales. The men are still troublesome at some of
the works. No alteration to be reported in the position of
Staffordshire iron. The Scotch pig iron market
has slightly receded, doing at 575. 9d. cash. sad
595. 3d. °nen, with a fair amount of busier'.
C —Sales of English are still very difficult, and seeped-
hZTar parcels are obtainable below smelters prices. Noir
can we report any business of importance in foreign. Beni
and Kaput& are held for 105 t. to 106/., Willem° at
1041.. and Chili, 92/. Tin—The last reduction in English
bass &meows stability to the market. English is not so
much pressed for sale. A consumptive demand for straits
keeps the price at 112/.;ll.incs, 1151. to Hat., nominally
in Holland Oct.( Tin Plates-Buyers require a concession
in price after the fall in English tin. Lead remains very
firm. Spelt er—Tbe market basruleal very quiet and the
few transactions that hose taken place have been at 221. on
the spot and for forward delivery. Hull parcels radios
211.12 a. dd. to 21/.15,., according to bounds.