The Express.
London, England, 1862-03-20 00:00:00

MONEY MARKET.-(THIS DA I.)

Two o'Curxm.
The weekly Court at the Bank of England has
broken up without altering the rate of discount.
There is no alteration in the funds, which are
quoted quite as high as yesterday afternoon. As
regards English railway stocks the tendency of
prices is rather favourable, and several lines have
improved. Other securities are generally well
supported.

At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Rentee were quoted
69fr. 90c., being rather more than it per cent. better
than yesterday.

Consols are officially marked 931, and 3 for
money; and 94 and 931 for the account. The present
quotations are 931 to 3 for cash, and 93/ to 94 for
the 10th of April. The official business report is
as follows :—Bank Stock, shut; Three per Cents.
Reduced, 921, 3 ; New Three per Cents., 923,
3 ; Thirty Years' Annuities, 1885,153 ; India Stock,
223 ; ditto Three per Cent. Stock, 1083, 1;
ditto for account, 1083, 1 ; ditto Four
per Cent. Debentures, 1864, 100 ; ditto,
1864 or 1866, 1003 ; ditto Bonds, 275. prem.;
Five per Cent. " enfaced " rupee paper, 1023, 1 ;
ditto Five-and-a-Half per Cent., 1083, 108 ; Exche-
quer Bills, June, 228., 19a, 225. prem.
The Turkish Loan of 1854 has declined 3 per
cent., being quoted 851 to 863, while that of
1858 is somewhat firmer, at 711 to 72 ex div. ;
Mexican and most other foreign bonds
are steady. Sales are recorded as follows :—French
Four-and-a-Half per Cent. Rentes, 96fr. 50c. ex
div. (exchange 25fr.); Mexican Three per Cents.,
for account, 341, 35 ; Moorish scrip, 53 prem. ;
New Granada Two per Cents., 27 ; Peru-
vian Four-and-a-Half per Cents., 98 ex
div. ; ditto liribarren Four-and-a-Half per
Cents., 95 ; ditto Three per Cents., for account,
851, ; Sardinian Five per Cents., for account,
81/ ; Spanish Three per Cents., 533 ; ditto
New Deferred Three per Cents., 433 ; ditto
Passive, 19f, ; the Committee's Certi-
ficates, 7 ; Turkish Six per Cents., 1864, for
account, 86, 1 ; ditto Six per Cents., 1868, for
account, 723, 711, 72, 71/, ex div.; ditto 1001.
Bonds, 74, 73 ; ditto Guaranteed Four per
Cents., 102.

The end of the quarter is now at hand, yet the
Bank of England, being still underbid in the dis-
oount market, has not experienced the temporary
revival of business incidental to the season. The
applications at the discount office yesterday were
very few, and in the open market good bills were
taken at n to 21 per cent.

Gold to the amount of 56,0001. was taken to the
Bank yesterday, making an to of 415,0001.
sines last Wednesday. The Para arrived from
Alexandria with about 57,0001. in Australian gold.
The Liverpool cotton market yesterday was firm.
The sales were 7,000 bales.
A new joint-stock bank, to be called " The
Public Bank of London and Liverpool," is in course
of formation. The first capital is to be 1,000,0001.,
with power to increase to 5,000,0001.
A special meeting of the London and Blackwall
Railway Company is called for the let of April, to
consider the bill now before parliament, which
authorises the company to construct additional
works, and confers further powers with regard to
the raising of capital.
The scrip certificates for shares in the Turin and
Savona Railway will be ready for delivery in ex-
change for the bankers' receipts on the 31st instant.
Subjoined are the quotations of insurance,
:pa, dock, and other shares, as given in ihe
last Stock Exchange list :
Issoranew—Alliance Marine, 551 ; Atlas, 12 ; Commercial
UnW ; County, 84 ; :RNA 71; Globs, 984 ; Guardian,
51 •Manse, 100 ; Mercantile Firs, 31, ; Ocean Marine,
ua, ; Thames and Manny Marine. 34, ex dm. ;
United Kingdom, 6, ; Universal /ludas, 11, 4, 4.
Gem Light and Coke.—Bahia (Limited), 16j; European,
510; Mit ; ditto New, 65 ; Imperil Continental,
, ; Bump Consumers, ; United General, 26j.
Trmfr. —C7ommercial, 102.
Cansl.—Regent's (or Loudon), 25.
Waterworks.—Chelsea, 23 ; East London, 128.

With reference to the market for American
securities Mr. E. F. Satterthwaite reporte as
follows :

The market in London for American securities remains
very firm ; the transactions since our lest having been
important, at steady prices.
The Mgerian Cotton Company having despatched
a commission to Algeria, to report on the company's
lands and make all necessary arrangements to
facilitate commencing operations, have just received
most favourable advices. It is expected that the
members of the commission will return to England
about the 20th inst., immediately after which the
arrangement& of the company will be proceeded
with.

The following is from the monthly wine ciroulaz
of Mr. F. W. Cosens

The home oousumption of wine in the United Kingdom
for the year 1861 gave an average of 899,000 gallop' per
mouth, while the clearances for the month of January,
1862, total 791,939 gallons—the average of previous years
was about 800,000 gallons per month—the permanent in-
crease in the consumption may, therefore, be estimated at
about 30 per cent. So far the reduction of the duty proves
satidactory, and the home demand would no doubt be
larger if the great manufacturing industry of the northern
comities was not suffering so severely in most branches of
its particular commerce. Of the 792,000 gallons cleared in
jai:nary, 42,253 paid the lowest rate of duty—one shilling
per gallon. Reports have been current of some probable
alteration of the wine duty ; but while the principle remains
that the amount of spirit shall regulate the rate of duty, it
is clear minor modifications may be made, but no material
change can be effected without destro7ing the equilibrium
now existing between the wine and spirit duties.

WZDNIADAT Eremite.
Consols, which closed yesterday at 933 to 94 for
the 10th of April, opened this morning at the same
quotation, receded to 93, " buyers," and were
quoted at 4 o'clock 933 to 3, the price for
money being at the same hour 93,1 to I.
After the close of the Stock Exchange the market
was firmer at 933, " buyers," for the ac-
count. The official business report is as follows:
Three per Cent. Consols, for money, gq, 3,e, ;
ditto, for account (April 10), 94, 933, ; Three
per Ceuta. Reduced, 923, 1 ; New Three per
Cents., 923, 1, ; Thirty Years' Annuities,
1883, 151; /mils Stock, 222, 2231; ditto Five per
Cent. Stook, 1081, 1,1, 3, 1 • ditto for account,
1081 ; ditto Four per Cant: Debentures, 1863,
100 ; ditto, 1864, 100 • ditto Bonds, 30s. prem. ;
Five per Cent. " enlaced" rupee paper, 1021, 3 ;
ditto Five-and-a-Half per Cent., 108, 1071, 1081.

The India Five per Cent. Stock, after being
marked 1081, closed at 1081 to 1, being 1 higher
than yesterday. The Five per Cent. rupee paper
was firm at 1021 to 2, and the Five-and-J.-Half at
1071 to 1081.
_ _ _ _ _

In the foreign stock market the principal trans-
actions oonsisted again of speculative saki of the
Turkish Bonds of 1858, in anticipation of the new
loan. After falling to 71 to 4, the price closed at
714 to 72 ex div., being lower than yesterday.
The loan of 1854 remains very steady, at 86 to 4.
The Loudon and North Western Railway traftc
return shows this week a decrease yf2,838/.

Indian Railway Debenture', including more par-
ticularly those of the East Indian, &Mae, and
Groat Southern of India Companies, ouutiuue in
request, and have attained a fresh rise of about k
per cent.
The new Victoria Loan closed at 1041 to }.
New Brunswick Government Bonds were in demand,
and rose about 1 per cent.
There was a decided advance today in Ottoman
Bank shares. Bank of New South Walt% were
likewise quoted better. On the other hand, Lon-
don and South African Bank have fallen to dis.
to par. City Bank shares have not recovered from
the late falL In the miscellaneous share market
the alteration in prioes was not important. The
principal transactions were in Rio de Janeiro City
Improvements, Royal Mail Steam, Australian Agri-
cultural, and Crystal Palm*.