The Express.
London, England, 1862-05-06 00:00:00

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MONEY DIAIiKET--(THIS DAL)

Two o'C'rog.
The funds to-day are fairly supported at the
alight improvement which took place yesterday, but
apart from preparations for Thursday's, settlement
there is very little business in this department.
English railway stooks are weaker, and Belgian
i dull. Some kinds of foreign bonds continue to
It .with attention.

Turkish Loan Scrip is quoted 21 to 3i prem. ;
Egyptian, 2to 2* prem. ; and Russian, to I
prem. - .

At Paris this morning, according to Mr. Renter's
telegram, the Three per Cent. Renter were
quoted 71fr., showing no change.
Console are officially marked 931 and 94, for
money, and 931 for the account (May /1)., The pre.
sent quotation is alto 94, both for cash and Then-
day's settlement. The official buidness report is as
follows :—Bank Stock, 238, 236 ; Three per Ceuta
Reduoed, 92, 1; New Three per Cents., 921,
911, 921 ; New Two-and-a-Half per Ponta,
771; Thirty Years Annuities, 1885, 15 3-16;
I India Stock, 224 ; ditto ➢five per Cent.
Stock, 108 k, 109 ; ditto Four per Cent. Deben-
tures, 1863, 1001 ; Five per Cent. " enlaced " rupee
paper, 1031 ; ditto Five-and-a-Half per Cents.,
108 i, ; •Exchequer Bills, 19e., 225. press.
The foreign stock market is moderately active.
The Turkish LOll.ll of 1864 is quoted 81 to I, and
that of 1868, 71 to j. A fresh rise Ism taken
place in Spanish Passive Bonds, but there
is a decided relapse in the Certificates, which,
after being marked llf, have been het sold at
10. Italian Five per Cents. and Mexican Bonds
are steady. The Maremmana Railway scrip and

Buenos Ayres Deferred Bonds are inquired for.
Sales are recorded as follows : Buenos Ayres
Deferred Bonds, 341 ; Chilian Six per Cents,
102 ; .Equador New • Consolidated, 181 ;
Egyptian Seven per Cents., 2, prem. ;
Italian Five per Ceuta., 71, 701 (exchange
25fr.) ; ditto Five per Cents. (Mannemana Rail-
way), Scrip, 11 din. ; Mexican Three per Cents.,
for amount, 314, 32 ; Moorish Five per
Cents., 914 ; Portuguese Three per Ceuta,
1853, for account, 46 ; Russian Five per
' Cents., 964 ; ditto Three per Cents.,
1859, 591, ex div. ; Spanish Three per
Cents., 54/ ; ditto New Deferred Three per Cents.,
for account, 444 ; ditto Passive, 191, 904, 3 ; the
Committee's Certificates, 114, 10 ; Turkish Six per
Cents., 1858, 714; ditto for account, 714, 4 ; ditto
1001. Bonds, 721, 73 ;, ditto Six per Cents.,
1862 (scrip), 34, 24 prem. ; ditto paid up scrip, 704.
The new London and Brazilian Bank has been re-
ceived with extraordinary favour. The applications
this morning are already extensive and substantial,
and the list will probably be closed almost
imme-
diately. The shares are quoted 21 to 34 prem.
The subscription for the Egyptian Loan has
evidently been confined to a very limited circle
connected with the influential agents, the
public having held almost entirely aloof,
yet it is alleged by the agents' agents that,
with the aid of the 6thariptious on the Continent,
where the loan is in more favour than here, the
amount required has been obt.‘ined. From the com-
paratively small number of hands to which the loan is
confined in this eountry it is comparatively easy
at present to influence the price, but a good deal
of doubt attaches to the future course of the
market for a loan of such large amount, and to
which there has been so marked an absence of re-
sponse on the part of the public at large.
_ _

In connexion with the great rise in Spanish Cer-
tificates, there is a rumour that the Spanish go-
vernment contemplates raising a new loan, an in-
dispensable preliminary to the introduction of
which on the London market would be the recogni-
tion of the Certificates.
The Magdalena, from Brazil, has brought
39,5881. in specie ; and the Asia., from New
York, 3500/.
The Mexican dollars by the last packet were sold
yesterday at ss. Oil per ounce, being Id. above
the price' obtained for the previous supply. In the
interval, however business has been transacted at
be. Old. The bar silver has not yet been dis-
posed of.
The Liverpool cotton market yesterday was fiat,
but there was no change in prima.
The monthly return of the Bank of France will
be published on Friday next.
An undertaking of a high character is an-
nounced under the title of the London and
Brazilian Bank (Limited). The persons con-
nected with it are of the first standing, the direc-
tion being composed of Mr. H. L. Bischeffsbeim
(whose name we do not remember to have ever be-
fore seen identified with the direction of a public
oompany), Mr. P. C. Cavan, Mr. John White
Cater, Mr. J. B. Elin, Mr. Pascoe C. Glyn, Mr.
Edward Johnston (of the Liverpool firm in the
Brazilian trade), and Mr. W. F. Schofield, late
of the firm of H. and S. Henry and Co.,
of Manchester. With such names, to which others
of equal respectability will probably be added, the
project comes well endorsed. It is promoted, in
fact, by houses of high position in the Brazilian
trade, who are the best qualified to pronounce
upon its necessity. The large increase of commerce
with Brasil has caused the want of greater banking
facilities, to be greatly felt. No doubt is enter-
tained that the undertaking will enjoy the
countenance of the Brazilian government,
whose wise policy it always has been to
extend trade with this country. Seven millions
of English capital are already embarked in Brazi-
lian government undertakings. The present scheme
has the support of Messrs. Glyn, Mills, and Co.,
and other eminent capitalists, and is brought out
by Mr. George E. Seymour. The capital is
1,000,0001., of which a considerable portion has
'already ben taken.
The Madras Athentrum of the 18th of March
contains an interesting account of the opening of
the line of the Great Southern of India Railway
Company by Sir William Denison, the governor.
The event seems to have gone off with great éclat.
The Brighton Railway traffic return shows this
week an increase of 2,8481., and the South Eastern
an increase of 9361.
The receipts of the Great Western Railway of
Canada for the week ending the 18th of April were
10,1841. sterling, being 2141. more than in the cor-
responding week of tut year.
It is rumoured in Manchester that the proposed
amalgamation of the Northern Counties Union
Bank and the Manchester and County Bank will
not take place, but that the two undertakings will
be conducted separately.
Vim-Chancellor Wood proposes on the nth Met.
to make a call of 18s. per share on the contribu-
tories of the Life Assurance Treasury, and the
Master of the Rolls proposes on the 10th inst. to
make a call of 1/. 105. per share on the contribu-
tories of the Professional Life Assurance Company.
It appears that the present packet from Buenos
Ayres hu brought a remittance of between 5,0001.
and 10,0001. extra on account of the redemption
fund of the Three per Cent. Bonds. The tenor of
i the private letters is highly satisfactory. The new
Congress is to meet at Buenos Ayres on the
125th May.

Ronda; 27a, 30s. pram. ; Fuur per Cent. "en-
Cent.,fsoo i paper,;ditto 9Filiv,
juditftorFriveee
upte.:
104.
The India Five per Cent. Stock has risen to
1081 to 109. The rupee paper was steady. India
Bonds were quoted 27e. to 30s. prem., and
Exchequer Bills 19e. to 21a. prem.
A considerable amount of business was done in
the foreign stock market, and the tendency of
prices was decidedly upward&
Bank shares were-- steady. In miscellaneous
shares there were • ' for National Discount,
and London General mnibus. Royal Mail Steam
were quoted rather lower. Nerbudda Coal and
Iron share' were firm at the late rise.
Tbealostag quotations for shares in new under-
takings, to-day were as follows :--Ocean Marine In-
Imam, 7 to 7i prem. ; Thames and Mersey
Marine, 11 to 1 prem. • Universal Marine, 3}
•to 3 dis.; London and Provincial Marine, par to
*prem. ; Meraintile Ftre, to 1 prem. • Commer-
cial Union, to die. ; Imperial Ito
1 prem. ; Allianoe Bank, 6 to 6‘ pram • Northern
Counties Union Beak, 2 to 2} prem. Chartered
Bank of British Columbia and Vaneouier's
to 1 prem. • Italian Irrigation, to prem. ;
Metropolitan Railway Wagon, to 1 Ferny ; Bom-
bay Gas, to prem. ; and European Boasbuilding,
parc:cniatarem.
Cape of Good Hope, and Victoria Go-
vernment bonds were inquired for. The demand
extended to Indian Railway debentures. -A slight
improvement occurred in Virginia Dollar Nonds.