The Express.
London, England, 1864-04-12 00:00:00

MONEY MARKET.-(THIS DAY.)

Two o'Cwoi.

In the Stock Exchange to-day the attention of
the members is almost exclusively occupied with
the settlement, which has commenced this morn-
ing. The funds remain at yesterday's prices, and
scarcely any variation has occurred in the various
other leading securities.

Consols are now quoted 911 to 1 for money, and
911 to 92 for the account (May 5). The official
business report is u follows :—Three per
Cent. Consols, for money, 91j, ; ditto, for
account, 92 ; Three per Cents. Reduced,
89k, 1, ; New Three per Cents., 89i, j ; New
Two-and-a-Hali per Cents., 7311 t; Red Sea
Telegraph, 20j ; Bank Stock, 238 ; India
Stock, 220 ; ditto Five per Cent. Stock, 1044,
1051 ; ditto Four per Cent., 99 ; ditto Four Cent.
Debentures, 1866, 991, ; ditto Bonds, 9s. die. ;
Five per Cent. " enfaced" rupee paper, 104 ; ditto
Five-and-a-Half per Cent., 113 ; and Exchequer
Bills, 2a. dia.

Few transactions have occurred in foreign stocks,
and prices are quoted much the same as yesterday.
Mexican Bonds are now quoted 46 to ;
Spanish Passive, 351 to 1 ; Confederate,
52 to 55 ; Turkish Cousolid4s, 52i to 53 ;
Turkish Bonds of 1858, 69 to 1 ; ditto of 1862,
71 to In the two latter instances, it
will be noticed, prices are rather lower.
Transactions are recorded as follows : —Brazilian
Old Five per Cents., 1011, ex div. ; ditto 1852, 1858,
1860, 91 ; Cbilian Six per Cents., 102, ex div. ;
Egyptian, 101; ditto second issue, 1001; Greek,
251, 1 ; Italian, 671, ; Mexican, 461, 46 ; ditto
for account,%6e ; Moorish, 951 ; Portuguese, 1856,
dc., 491, 1 ; Russian, 1862, 911, 1,1;
Spanish, 531 ; Turkish, 1854, 901, 1, I;
ditto 1858, 691 ; ditto 1862, 71 ; Venezuela
Three per Cents, 23!, ; ditto Six per Cents.,
1862, 59, 1.

Venezuela scrip is quoted i to is, prem., and
Swedish, i to 1 prem.

International - Financial shares are now
quoted 61 to 7 prem. ; General Credit, 5
to 61 prem.; London Financial, 12 to prem. ;
Hudson's Bay, 191 to f ; Mercantile Credit, 10
to I prem. ; Egyptian Trading, 31 to 1
prem. ; Credit Mobilier, 51 to 1 prem.; Imperial
Financial, 61 to 1 prem. ; Credit Fonder
(Great Britain and Ireland), 7 to 1 prem. ;
City Offices Company, 31 to prem. ; Fore•street
Warehouse, 4to prem. ; Ottoman Financial,
to 1 prem. ; Lemberg Railway, 1 to 1 prem. ;
International Land Credit Company, 2 to 1
prem. ; Telegraph Construction and Maintenance,
1 toll prem. ; 3lillwall Ironworks, 21 t 3 3 prem. ;
Imperial Bank of China, 21 to 31 prem. ; Oriental
Financial, to 11 prem. ; and City of London Real
Property, 2 to 21 prem.

The steamer Seine has arrived from the West
Indies with 532,500/. in specie.
At Paris this morning, according to Mr. Renter's
telegram, the Three per Cent. Renter were quoted
60fr. 15c.

Fool o'Ctocn.
Consols are still quoted 91! to for money, and
911 to 92 for the account
The demand at the Bank of England Discount
office yesterday was to a fair extent. In the general
market the supply of money has increased, in con-
sequence of the payment of the dividends, but, some
uncertainty prevailing with regard to the future,
there is little dispoaitiou to take good bills below
8 per cent. In the Stock Exchange, the supply of
money was large, and the terms for short loans on
English government securities did not exceed 31 to
4i per cent.
At Vienna on Saturday the Austrian funds im-
proved per cent
In another column will be found a full report of
the proceedings at the important meeting of Mexi-
can bondholders, held yesterday at the London
Tavern. The attendance was so numerous that it
was found necessary to adjourn the meeting from
the room first selected to • larger one, which was
likewise filled. On the motion of Mr. James Capel,
who presided, the terms submitted through Messrs.
Olyn, Mills, and Clo., and the International Financial
Society, in connexion with the proposed new loan,
were unanimously adopted. It results from these
terms, that each holder of 1001. bond, carrying
261. 10a, of overdue coupons, will be entitled to
4;1. 10a. in 3 per Cent. Bonds in exchange for
such coupons. The coupon of 1/. 10a. due theist
January last will be paid in cash, and out of
the proceeds of the loan to be now negotiated
• sum sufficient to provide the next two years' in-
terest on the existing bonds and on the bonds to be
created for the capitalised arrears will be retained.
All the rights and securities appertaining to the
existing bonds under the settlement of October,
1850, remain intact. The satisfactory announce-
ment is at the same time made that the position of
the holders of deferred Mexican bonds has been
specially brought under the consideration of the
Emperor Maximilian ; and a telegram from Mira-
mar, reed at the raeetins. intimates that /realm.
Glyn, Mills, and Co., hive been "requested by his
Majesty to draw up a report, with the assistance
of Messrs. Baring, upon the Deferred, in order that
their case may meet with every attention and full
just ice."

Upon the basis of the terms settled at fhe meet-
ing yesterday, the intrinsic value of the old Mexican
Bonds is computed to be about 60, but it seems
(reasonable to attach a special value to the hypo-
thecation of the customs duties retained by the old
bonds, and in this case the intrinsic value is higher
than 50. On the other hand, a considerable amount
of the stock has doubtless been bought on specula-
tion, in anticipation of the arrangement now
arrived at, and the market prioe may temporarily
be influenced to some extent by merely speculative
transfers.

It has already been stated in the Paris journals
that the subscription list for the new Mexican Six
per Cent. Loan of 8,000,0001. stock, at 63 (but re-
duced by allowances to about 60), will be opened in
France on Friday next, the 15th inst. The list
will doubtless be opened simultaneously in London,
and in this case the prospectus may be looked for
about Thursday or Friday.
There were no transactions in gold at the Bank
yesterday. The 17,0001. by the Moravian was taker
for export
The steamer Delta will take to-day 214,600/.
in silver and 126,2113/. in gold for Bombay, and
19,000/. in gold for Alexandria,making a total of
359,863/.
The exchange from Bombay just to hand shows
a movement in favour of England of Id., and that
from Calcutta of id., compared with those last
received.