The Express.
London, England, 1863-04-25 00:00:00

11011.111' MARKET.-(THIS DAYS)

Two dthoom

The funds remain dull, but there is no further
decline in prices. In the other markets business
in inactive, but quotations generally, including
those for English railways and foreign stocks, are
fairly supported.
The scrip of the new Turkish Loan has im-
proved to 1 to 1.1. prem., owing to the large amount
applied for. Italian scrip is also somewhat firmer,
at If to 1# prem. That of the Confederate Loan,
on the other hand, is fractionally lower, at 1.1 to
prem. _ _ _

At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Routes opened at
69fr. 40c., showing no change.

Consols are now quoted 924 to 1, both for
money and the account (May 7). The official
business report is 118 follows :-Thres per Cent.
Consols, for money, 924, 4,4, 1 ; ditto for
account, 921, 4 ; Three per Cent. Reduced,
914, 4 ; New Three per Cents., 911, 4 ; Thirty
Years Annuities, 1885, 141 ; Bank Stock,
234, 236 ; India Stock, 228 ; ditto Five per
Cent. Stock, 1091 ; ditto Four per Cent.
Debentures, 1863, 1001; Four per Cent. " en-
tered" rupee paper, 98 ; ditto Five per Cent,
1074 ; ditto Five-and-a-Half per Cent, 1154 ; and
Exchequer Bills, 3e., 6e., 4a. prem.
Turkish securities are firmer, owing to the re-
markable extent of the subscriptions to the
new loan. Venezuela Six per Cents. have again
declined 4 per cent., and Greek Bonds 1. Ita-
lian, Mexican, and Spanish Passive Bonds are
all firm. Some of the present quotations are
annexed :-Turkish 1854 Loan, 87 to 88 ; ditto 1858,
671 to 684 ; ditto, 1862, 70 to ; the Con-
solidi', 474 to 4 ; Greek, 281 to 1; and
Venezuela Six per Cents., 674 to 584.
Transactions are recorded as follows :-Brazilian,
1852, 1856, 1860, 94 ; Dutch Certificates, 1001,
ex div. ; Egyptian, 981, 974 ; Greek, for
amount, 29, 281 ; ditto Coupons, 131;
Italian, for account, 71; ditto Maresioniana
Railway, 76, 4; Mexican, for account, 331,
; Peruvian, 1862, for account, 884, 88 ;
Portuguese, 1862, 48 ; Russian, 1860, 904 ;
ditto, 1862, 951, 941 ; ditto scrip, 1 prem.;
Spanish, for account, 531 ; ditto Passive,
30, 4, 30 ; ditto Certificates, 104 ; Turkish,
1854, for account, 874, 87, ex div. ; ditto, 1858,
for account, 674, 684 ; ditto, 1862, for account,
70, 4 ; Venezuela, 1862, 584, 574, 584.

HLLT•PAST TWO O'CLOCK.
Consols remain quoted 92} to I, both for money
and the account.

The amount of business at the Bank of England
discount-office yesterday was again very moderate,
the terms in the open market being still relatively
lower. Choice bills were taken at 3to 3} per mut"
with exceptional transactions at even lower rates.
It has transpired that the New Turkish Loan bas
been even more successful, especially in Fr►nce,
than bad been anticipated. We are ensured that
the total applications in the two countries amount
to between 50,000,0001. and 60,000,0001., being
nine or ten times the amount of stock offered.

The fortnightly settlement in shares and foreign
stocks will commence on Monday (" oontinuation
day") and terminate on Wednesday.
About 98,0001. in gold was taken to the bank
Ay, while 90,000 sovereigns were withdrawn
yesterday,
eterdxportation to Lisbon and Alexandria.
The silver market continues depressed, there
being still no inquiry for India There is also an
absence of demand for the continent at the present
quotation (6s. ld. per ounce), and a further frac-
tional decline is consequently anticipated.
The foreign exchanges yesterday afternoon were
quoted about the same as on Tuesday. Subjoined
is our usual list :

Amsterdam:, 3 mouths, 11.181 to •. ditto, 3 days,
11.151 to 161; Rokardam, 3 mootha, 11.181 to I ; Antwerp,
3 'soothe, 25.4512&45t50; Hamburg, ma beeeo. thaw, months,
13.74 to 8 : Per, 3 :km 2A20 to 74 ; ditto. 3 months,
35.474 to 50 ; Frenklerrecrilarlfaine, 3 oweettle, 1191 to
4; Petersburg (per rouble), '3 :moths, 351 to j ; Wear,
et/. tio., 3 moothe, ILSO to 60 ; Trieste, et. 40., 3 mouthy
11.50 to 00 ; Madrid, 3 menthe, 49 to 1 ; °kHz, 3 'soothe,
484 to 49 ; Lighoni, 3 :meths, 25.55 to 00 ; Gomm, 3
months, 25.55 to 60 ILilse, 3 months, 25.55 to AO
Naples, 3 mmathe, 25.55 to 00: Palermo, 3 meths. 25.574
to 124 ; Mame, 3 moths, 25.574 to 624 ; Limbos, 90 dap,
544 to 53; Oporto, 90 den, 53 to 1.
At Paris the rate of discount in the open market
is now 31 per omit ; Vienna, 51 ; Hamburg and
Frankfort, 21 ; Turin, 41 ; Amsterdam, 31; Beilln,
31 ; Brussels, 3 ; and St. Petersburg, b per oent.
A meeting was held yesterday of the creditors of
Messrs. Saunders, Orley, and Co., publishers and
East India army agents, when the liabilities were
stated at about 17,0001., with russets estimated to
produce 10a. or lla. in the pound. A committee
was appointed to investigate the estate.
The prospectuses of two new banks have been
issued. One is the London Bank of Scotland
(Limited) with a capital of one million (subject
to increase), in 10,000 shares of 1001. each. The
I direction is very respectably constituted, and the
field for banking appears to be an unusually wide
one, as may be gathered from the testimony of
many firms practically engaged in trade between
England and Scotland. For a long time past re-
presentations have been received from the principal
seats of Scottish trade advocating the establishment
of a concern of the sort. The shares of the exist-
ing joint-stock banks in Scotland are at very high
premium.. It is promised that the business to be
carried on shall be of a strictly legitimate character.
The second new undertaking is the Bank of
Otago (New Zealand) (Limited). In this instance,
also, the board is of a respectable character.
Although the rates of interest current in New Zee-
land are so high as to bold out every inducement to
the investment of capital there, only one bank has
been specially established for that colony, and,
formed only about two years ago, its shares are now
at a premium of fully 100 per cent on the amount
paid, while for the first year its dividend was at
the rate of 8 per cent. It is anticipated that a
great stimulus will be given to the prosperity of
Otago, from its now recognised position as a
gold colony. The capital is 500,0001. in 5,000
shares of 1001. each, of which a considerable num-
ber have already been subscribed for.
From the report just issued by the directors of
the London and South African Bank we extract as
follows : . . . .

I have the pleasure to enclose a copy of the balanoecheet
sod profit and lose accoust of this bank to the 30th Dee.,
nea, with the &nacre report appended thereto. The next
aretinary animal reseal meeting will, is accordance with the
deed of settlement, be held oo Thursday, 7th May proximo.
at the Loudon T.vere,Bishopegate•drest, at 12 o'clock soma
precisely, when the directors will recommend the declare.
tioo of a dividend at the rate of 6 per cent. per annum, as
shown in the amounts herewith. The directors aneoutoed
with regret in October but the decease of their respected
colleague, Mr. Cherie. Maynard. The lows thus eustained by
the bask they have filled, subject to the oonfirmatioe of the
shareholders, by the election of his brother, Mr. Henry
Maynard, where loon connexion with and iofineutial posi-
tion in the eastern province of the Cape of Good Hops
cannot fail to prove highly beneficial.
Mr. Philip Vanderbyl (of the firm of Redfern,
Alexander, and Co.) and Mr. Thomas William
Kough (of the firm of Jones Brothers) have been
elected directors of the National Bank. It is
notified that Mr. Fowler Newsom has resigned his
seat in the direction owing to his disapproval of
circumstances arising out of the formation of the
National Bank of Liverpool
The third call of fit. is to be paid by the 26th of
May on both the U and the H extension capital of
the East Indian Railway Company.
The Caledonian Railway traffic return shows
this week au increase of 7681. over last year.

FRIDAT

Congo* which closed yesterday at 92~ to 93
both for money and the 7th of May, were first
marked this morning 921, and after standing for
a short time at 92/ to 93, closed flatly at 921 to
1. The official business report is as follows :