The Express.
London, England, 1862-06-25 00:00:00

MONEY MARKET.-(THIS DAY.)

Two &CLocg.

The funds to-day are rather fiat. A reduction
of I per cent. has taken place in Coned,. In
the other markets the chief features are a
relapse in Mexican Bonds and in Spanish
Certificates, and a rise in Turkish Bonds,
and iu the scrip of the Egyptian Loan. Business
generally is very scanty, particularly as regards
English railway stocks.
At Paris this morning, according to Mr.
Reuter's telegram, the Three per Cent. Rents
were quoted 681 r. 47c., being 1-16 to per cent.
lower than yesterday.
Turkish Loan scrip is quoted 31 to 41 prem. ;
lEgyptian, 3i to n prem., showing a rise ; and

- .
&mien, 1 die. to II prem., being heavy.
Consols are officially marked 911 and 1, ex div.,
for money, and 91/, ex div., for the account. The
present quotations are respectively 911 to 1, and 911
to 1. The official business report is as fol-
lows:-Bank Stook, 233, 234; Three per Cents.
Reduced, 911, 1; New Three per Cents.,
911, 1, ; India Stock, 2241, ex div, ; ditto
Five per Cent. Stock, 1091, 1,1, 109, ; ditto
Four per Cent. Debentures, 1863, 100 ; ditto
1864, 991, 100 ; ditto 1864 or 1866, 991 ; Four
per Cent. " enfamd" rupee paper, 911 ; ditto
Five per Cent., 1031, 1 ; Exchequer Bills, 9s.
prem.
There is a relapse to-day in Mexican Bonds, which
are last marked 281. Spanish Certificates have also
receded, having been sold at 8/. Italian Five
per Cents. are firm. The Turkish Loans of
1854 and 1858 are better, the former being
quoted 83 to 1, and the latter 701 to 71.
Transactions are recorded as follows :-Egyptian
Seven per Cents., scrip, 3,1, 1, prem. ; ditto
paid-up scrip, 851, 86; Italian Five per Cents., 721,
1 (exchange 25fr.) ; Mexican Three per Cents., for
account, 281, 1 ; Moorish Five per Cents., 951 ;
Peruvian Four-and-a-Half per Cents., for account,
981 ; ditto Three per Cents., for account, 821 ;
Russian Five per Cents., 1862, scrip,
1, 1 prem., par ; ditto paid-up-scrip,
93, 921 ; Spanish Passive, 191 ; the Com-
mittee's Certificates, 91, 81; Turkish Six per Cents.
1854, 831 ; ditto for account, 831, 1 ; ditto Six
per Cents., 1862 ; scrip, 31, 4 prem. ; ditto paid-up
*ail; 711, 1.
Eastern Bengal Tea shares are quoted 1 to 1
prem.
The recent supplies of gold from America and
Australia continue to be sent to the Bank, after
being refined. The amount taken to that establish-
ment yesterday was as much as 240,0001., in bars,
making a total of 472,0001. sinew the last return.
This influx, involving a corresponding creation of
new notes, must necessarily tell upon the money
market, and the large remittances of gold from
America, reported by yesterday's advice', render it
probable that the accumulation in the Bank of
England will continue.
The bulk of the gold sent into the Bank yesterday
was derived from Messrs. Rothschilde, who are'
said to have immediately lent the proceeds in the
Stock Exchange at 2 per cent.
In Lombard-street 3 par cent. continues to be
asked on good bills, but occasional transactions
take place and below the Bank minimum. The
quarter must, however, probably turn before any
decided change will be experienoed.jyThell release
of the July dividends is expected to produce con-
siderable effect
Later American telegrams describe great e-7-"-xcite•
went in business circles at New York with regard to
the continued and important rise in the exchange,
which has now reached 118. The premium on gold
has at the same time risen to 7to 7} per cent. The
movement in each instance is promoted by the ne-
cessity of making remittances to Europe_against
the large amount of American securities sent from
this side. The advice' speak of shipments et
specie to Europe to the extent of no less than
1,800,000 dollars, or 360,0001. sterling. The rise
in the premium on gold has also probably been
stimulated by the arrangements for the circulation
of an additional amount of 150,000,000 dollars of
demand notes. Meanwhile the tunes of govern-
ment paper are still inflating the prices of securi-
ties at New York. New York Central Railway

shares are particularly buoyant. Doubtless all
other commodities are influenced, for their value is
now measured in a currency which, instead of
being equivalent to gold, as heretofore, is worth
lees than gold by 7 per cent. Asjong as confidence
prevails, the] Americans will probahlykontinnelto
make these excessive issues olj irredeemable cur-
rency answer all their home purposes, but the rise
in the premium on 'gold andgin stlie exchange
marks, in au unmistakable manner, the inevitable
effect of au extensive paper system when brought to
the test of an adjustment of transactions with the
foreigner. For foreign purposes, the American
currency is of course useless, and specie
must be resorted to. The foreign pressure
for specie upon the American markets is aggravated
by the eagerness with which the Americans, in
addition to carrying all their new government aeon-
rifles, are taking their old stocks back from the
hands of holders in Europe. European holders, on
their part, are the more willing to sell, because
they distrust the permanence of the fabric
of paper which the Americans have reared, and in
which they express such unbounded toonfidence.
The rise in the Liverpool cotton market con-
tinued yesterday, and the transactions were exten-
sive, reaching 20,000 bales.
The foreign exchanges yesterday afternoon were
firm. The tendency of the French exchange 0011
Unties to be in favour of this country. Sub-
joined is our usual list :
Amsterdam, 3 months, 11.19 to 1 ; ditto, 3 days, ILI6I
to 17 ; Rotterdam, 3 moths, 11.19 to d ; Aatwerp,
3 months, 23.47} to 52l ; Hamburg, ma. tattoo, three
mouths, 13.81 to 9 ; Paris, 3 days, 2&25 to 32d ; ditto,
3 mouths, 23.47110 52d ; Frsoktort.ou•the-Mairte, 3 mouths.
1191 to d ; Petersburg (pre rouble), 3 mouths., 331 to j ;
171euos, etT. to., 3 mouths, 13.0 to 13.10 ; Trios* at. So.,
3 month., 13.0 to 13.10; Madrid, 3 mouths,49j to I;Omdis,
3 months, 49 to f • Leghorn, 3 mooths, 35.90 to R ;
Genoa, 3 months, 25'56 to 60 ; Milts, 3 moothe, 26.5 b to
80 • N WI, 3 mouths, 39d to j ; Palermo. 3 mouths, 119 k
to 3 months, 119 d to ; Lisboa, 90 days,
52 to ; Oporto, 90 tio7ll, 921 to I.
The receipts of the Great Western Railway of
Canada, for the week ending the 13th inst., were
8,782/. sterling, being 1,968 i. more than in the cor-
, responding week of last year.
The half-yearly meeting of the London and
Greenwich Railway Company is called for the Bth
of July, when a dividend of 11. 7s. ld. per cent.,
or fie. bd. per share, free of income tax, will be re-
commended. .

------
The first ordinary general meeting of the share-
holders in the Metropolitan and Provincial Bank
(Limited) is called for the 16th July.
A second all of 21. 10e. is to be paid by the
12th of July on those obligations of the Nether-
lands Laud Enclosure Company, on which only
21. 10s. has yet been paid.
Creditors of Bernard's Patent Machine Boot and
Shoe Company (Limited) are required to send in
their claims to the liquidator by the 16th of July.

The Governor of California has signed the Anti-
Coolie Bill, br the porpoise of protecting free white Lbw*
whist competition with Chinese Coolie labour, and be his.
Apar the imatigretion of Chinese into Califonda.—Pis-
am.