The Express.
London, England, 1863-05-29 00:00:00

MONEY MARKET.-(THIS DAY.)

Two o'Chooz.

The stock markets to-day are generally quiet.
The chief business consists of the settlement in
shares and foreign stocks, now in course of com-
pletion. The funds remain at yesterday's
prima. There is no general movement of im-
portance in home railways, the alteration being
confined to 4 or 1 per cent. in either direction.
Foreign stocks, however, are comparatively buoy-
ant, particularly Greek, Venezuelan, and Turkish
Consolides, all of which have risen considerably.
At Paris this morning according to Mr. Reuter's
telegram, the Three per Cent. Rentcs opened at
69fr. 35c., being without change.
Turkish Loan scrip is better at 14 to n prem.,
while Italian is dull at 24 to 24 prom. Confederate
is without change, at 2 to 1 dia.
Consols are now quoted 934 to 4, cunt div., for
money, and 924 to 4, ex div., for the account (June
9). The official business report is as follows :-
Three per Cent. Consols, for money, 931, ; do. , for
account, 924 ; Three per Cents. Reduced, 914, 3 ;
New Three per Ceuta., 911, 4 ; India Stock, 232 ;
ditto Five per Cent. Stock, 1104 ; ditto Four
per Cent. Debentures, 100 ; Five per Cent.
" enlaced" rupee paper, 1063; and Exchequer
Bills, 4s. dis.
Greek Bonds have risen 3 par oent. ; Turkish
Bonds of 1862 and the Consolidds, 4 ; and
Venezuela Six per Cents., 2 per cent., while
the Turkish Loan of 1858 is rather flat.
Spanish Passive Bonds and Certificates are in
demand. Mexican Bonds fell in the morning, being
pressed for sale as low as 354, owing to the un-
favourable statements respecting the position of
the French at Puebla, but the last transactions re-
corded are at 354, showing a partial recovery. Some
of the present quotations &mannered :-Turkish 1854
Loan, 89 to 90 ; ditto, 1858, 70 to ; ditto,
1862, 72 to 1; the Consolidds, 52 to ; Greek,
33 to 1 ; Venezuela Six per Cents., 564 to 571.
Transactions are recorded as follows :-Brazilian,
1852, 1858,1860, 954 ; Dutch Two-and-a-Half per
Cents., 654 ; ditto Certificates, 1001 ; Egyptian,
994 ; Greek, 324 ; ditto, for account, 334, ; ditto
Coupons, 15, 144 ; (Maremmana Railway),
81, 80i; Mexican, 354; ditto, for account, 354, 4,1,
; New Granada, 161, 17 ; ditto Deferred,
10 ; Peruvian, 1862, for account, 894; Portu-
guese, 1866, 1857, 1859, 1860, and 1.862,
50, 494, 1; Russian, 1850, 904 ; ditto,
1862, 92 ; Spanish Passive, 334, 344 ; ditto
Certificatea, 124, 1; Turkish, 1862, 72, 714,
724 ; ditto for account, 724, 3 ; Venezuela, for
account, 244 ; ditto, 1862, 551, 57.
The steamer Tasmanian, from the West Indies,
has brought about 483,0001. in specie.
International Financial shares are steady, at 44
to 54 prem. ; and London Financial at 1 to 11
prem. [General Credit and Finance are rather
lower, at 24 to 24 prem.
We are requested to state that the undermen-
tioned gentlemen have joined the board of the Eng-
lish and Scottish Marine Insurance Company, viz.,
Mr. William Bevan (of Messrs. William Bird and
Co., Laurence Pountney-hill) ; Mr. Alderman
Dakin, a director of the Bank of London ; Mr.l
George Garraway (of Messrs. F. and G. Garraway,
St. Helen's-place) ; Mr. John Min (of Messrs. J.
B. Elias and Co., Abchurch-lane) ; and Mr. 8..
Stuart Lane (of Messrs. Lane, Hankey, and
Co., Old Broad-street).

Fotra o'CLocK.

Consols are quoted 94 to i , cum div., for
money, and 92i to I, ex div., for the account,
being without alteration.

English railways have for some weeks past been
comparatively neglected, and it is now their
turn to attract attention, particularly as the
course of the traffic is highly favourable.
Holders are encouraged by the reflection that
if railway property stands thus well now,
when trade is comparatively dull, and with the
American war still raging, much more remune-
rative results ought to be attained as soon as the
existing impediments to commerce are removed,
and the cotton trade, in particular, resumes its
wonted activity. _ _

Further remittances of gold are expected from
St. Petersburg. _ .

The Norwegian, from Portland, has brought
9,500/. in specie. The City of Washington, from
New York, is bringing 92,0001. The Oneida, which
has reached Lisbon from Brazil, is bringing only
1,4981. in specie.
The Lancashire and Yorkshire Railway traffic
return shows this week an increase of 3,6501. over
last year ; the Great Western an increase or 7,390/. ;
the North Eastern an increase of 2,780/. ; the
Midland an increase of 4,5161. ; the Great
Northern an increase of 3,1301. ; and the Man-
chester, Sheffield, and Lincolnshre an increase of
1,8211.
Another new undertaking is the Residential
Clubs Company (Limited). The object of this com-
pany is to erect in the metropolis and suburbs
edifices which are to combine many of the advan-
tages of the principal club houses, and to be let out
as furnished chambers at rents varying from 30 to
50 guineas per annum. There are to be club,
dining, reception, and reading-rooms, kitchens,
baths, attendance, and a table d'hike, all at a fixed
moderate tariff. In addition, in suburban localities,
gardens and cricket and archery grounds are to
be provided. In the first instance, two sites have
been proposed near the Crystal Palace. There is
to be an entrance fee of two guineas, and
an annual subscription of like amount. The
capital proposed is 130,0001. (subject to increase),
in 26,000 shares of 51. each, of which 13,000 are to
be issued in the first instance. Applications for
upwards of 4,000 shares have already been re-
ceived.

The following is the report of the directors of
the Bank of British North America, to be sub-
mitted at the annual meeting on the 2nd June :
Your directors have to regret that the continuance of civil
war in America neomearily exercises the Name unfavourable
iniluenoe on the commerctal relations between the United
States and the British provinces, to which allusion has been
made in their former reports ; and as yet there is no evi-
dence of a revive' of the demand for manufactured lumber,
which formed so important an article of trade in Wooten
Canada. Under these adverse circumstances, it is gratify-
ing to advert to the manner in which the British provinces
have sustained thoir commercial credit. Comparatively few
failures have occurred during the part year ; and
it is satisfactory to state, that none of them are
expected to result in serious loss to the bank.
Your directon have also the pleasure d reporting, that the
business of the branch in Vancouver Island continues to
exhibit a steady improvement. The annexed statement of
accounts shows a net profit for the year 1862,af ter providing
for bad'and doubtful deb* of 61,6324 le 2d.,1 out of which
amount the directors have declared a half-yearly dividend,
pay►ble on and after the 6th July next, at the rate of 6 per
cent. per annum, free of income tax, leaving the sum of
1,6321. ls. 2d. to be added to the rest or balance of midi.
vadat profit, which, including that addition, amounted on
31st December, 1862, to 128,6101. Ss. 3d. after providieg
for the dividend that was paid in January last.
The half-yearly meeting of the St. Katharine
Docks Company is convened for the 21st July.
A general meeting of the Bahia Steam Naviga-
tion Company is convened for the 6th of June,
when a dividend is to be declared.
• - -

"TieCOurTof Chancery has appointed Mr. W. H.
M'Creight official liquidator of the Fire Annihilator
Company. Creditors are to prove their claims by
the 23rd of June, the 29th idem having been ap-
pointed for adjudicating upon them.
It is understood that the letters of allotment of
the Mediterranean Hotel Company will be issued
on Friday or Saturday.
We are requested to state that the share het of
the English and Scottish Marine Insurance Com-
pany (Limited) will be closed on Tuesday, the 2nd