The Express.
London, England, 1862-03-12 00:00:00

MONEY MIRKET.-(THIS DAL)

Two o'CLocz.

The funds to-day are dull, but, as we write, the
closing quotations of yesterday are supported.
Attention is almost exclusively occupied with the

arrangements in connexion with the adjustment
of the fortuightly account in shares and foreign
stocks. English railways are tolerably steady.
The chief feature in this department is the con-
tinued buoyancy of Caledonian stock.
At Paris this morning, according to Mr. Beater's
telegram, the Three per Cent. Reines were quoted
Ofitc. 950., being sc. lower than yesterday.
Consols are officially marked 932 and
for money, and 934 and f for the account.
The present quotations are 931 to fur
cash, and 934 to f for the 10th of April.
The official business report is as follows :—Beek
Stock, 236, 234 ; Three per Cents. Reduced,
924, 92 ; New Three per Cents., 92, 4, % ;
India Five per Cent. Stock, 1074, ft 4 ;
ditto Four per Cent. Debentures, 1863, 1004 ;
ditto 1864 or 1866, 100 ; Five per Cent. " en-
faced " rupee paper, 1024, 4, 4 ; Exchequer Bills,
June, 195., 22a. prem.
There is a fresh fall of 7 per cent. in the
Turkish Loan of 1858, which is now quoted 694
to 70, ex div. The Loan of 1854 is compara-
tively steady, at 844 to 85. The Spanish Cer-
tificates and Italian Five per Cents. are
rather more offered. Mexican Bonds have not re-
covered from the late decline. The scrip of the
Italian Railway Loan is heavy, being last marked 12
die. Sales are recorded as follows :—Brasiliap Four
and-a-Half per Cents., 1860, 924 ; Chili= Four-
and-a-Half per Cents., 864 ; French Four-
and-a-Half per Cent. Reotes, oGfr. 50c.,
ex div. (exchange 25fr.) ; Italian Five per Cents.,
674, 67 (exchange 25fr.) ; ditto Five per Cents.
(Marenuana Railway scrip), 14, 4 dia. ; Mexican
Three per Cents., 3S, 344 ; ditto, for ac-
count, 34/, 34 ; Moorish Scrip, 51 prem. ;
Peruvian Four-and-a-Half per Cents., 98k,
ex div. ; ditto Three per Cents., 834 ; Russian Five
per Cents., for account, 994, ex div. ; the Spanish
Committee's Certificates, 64, f ; Turkish Six per
Cents., 1854, 85 ; ditto Six per Cents., 1858,
692, 70, 694, ex div. ; ditto, 100 f. Bonds, 72.
The demand for Indian Railway debentures con-
tinues. AU descriptions are at a premium more or
less considerable. Great Indian Peninsula Five
per Cent. Debentures for five years, with the option
of conversion into stock, command 2 prem., iu ad-
dition to the accrued interest. The debentures of
other companies possessing similar privileges are at
about the same price. Those which give the holders
the right of ring on for a second period of five
years, in addition to the option of conversion into
stock, are still higher, the prices varying in pro-
portion to the value of the original stock. In the
case of the East Indian Railway Company such
bonds are worth 4 to 5 prem.
The amount of gold, principally Australian,
taken to the Bank yesterday was 104,0001. The
Asia, from New York, has brought 54,0001.
The continental exchanges yesterday afternoon
presented a satisfactory appearance. Amongst
others, the rates were more favourable to this
country as regards bills on Paris and Belgium.
Subjoined is our usual list :
kontesdam, 3 mouths, 11.181 to 4 ; ditto, 3 days,
11.16 to 4 ; Rotterdam, 3 mouths, 11.181 to g •
An.werp, 3 months, 25.421 to 74 ; Hamburg, nu. haw*,
3 mouths, 13.71 to ; Paris, 3 days, 25.20 to 5 ; ditto
3 months, 25.43 to 50 ; Frandort-on-the-Maine, 3 months.
1181 to 1; Petersburg (per rouble), 3 months, 321 to 1 ;
Vienna, off. do., 3 months, 14.10 to 15; Trieste, Oti. So.,
3 months, 14.10 to 15 ; 3 mouths, 48$ to 1 ;
3 months, 482 to ; Leghorn, 3 mouths, 23.471 so 521;
Genoa, 3 months, 25.471 to 52i ; Milan, 3 months, 95.474
to 521 ; Naples, 3 months, 40 to 4 ; Palermo, 3 months,
1204 to 1 ; Messina, 3 months, 1201 to 1; Lisbon, 20
days, 521 to 1 ; Oporto, 90 days, 521 tog.
In the Liverpool cotton market yesterday the tone
was somewhat steadier, but there was no improve-
ment in prices, and the sales were limited to 4,000
bales.
The meeting of the creditors of Sir Henry Mug-
geridge is not expected to be held for about three
weeks, owing to the confused state of the books.
The Committee of Mexican Bondholders have
issued their final report to their constituents.* It
recounts the proceedings which have been taken
during a long period in assertion of the rights of
the bondholders, and includes a good deal of matter
nut before published.
We are informed that the machinery for the
London India Rubber Company (Limited) is nearly
completed, and that the rough produce, which has
been closely examined by members of the trade,
fully verifies the representations originally made.
It would have been strange had the result been
otherwise, the process adopted being the same as
that which has been worked with so much profit in
America. A main element of the company's success
is assured in the circumstance that waste india-
rubber is practically useless except for the purposes
of this patent. Even in the extreme case of
lack of the waste material being experienced
through an extension of the company's operations,
ce from other causes, an adequate supply of
it can at all times be obtained from the Con-
tinent. The margin between the price of the
raw gum and that of the waste or refuse material
is so enormous, and the expurienee of the American
manufactories is of so satisfactory a character, that
the directors appear to have acted wisely in refrain-
ing from inserting in the prospectus time high esti-
mates of profit which could alone be deduced from
the statistical and other calculations un which the
undertaking has been organised.
The half-yearly meeting of the Pernambuco Rail-
wah?)omfmny is called for the 11th April.
Hanover has arrived from China with
1,333,0001h5. of tee, and the Sea Snake with
501,0001 be.

TUIPIDAT IVECOIG.

Consols, which closed yesterday at 931 to I for
the 10th April, varied to-day between that quo-
tation and 93i, "sellers," and closed at 931 r to
For money the last price was 93} to i. Thu official
business report is as follows :—Three per Cent.
Consols, for money, 931, k, k, ; ditto for
account (April 10), on, 2, f Back eitoeic, 238,
235 ; Three per Cents. Reduced, 92k, i, I ; New
Three per Cents., 922, it, 92 • India 6tock,
2244, 223; ditto Five per Cent. itock, 107 i, 107,
; ditto for account, 1071 • ditto Four per Cent.
Debentures, 1863, 100, ; ditto Bonds, 30s. prem. ;
Four per Cent. " enlaced " rupee paper, 91 ; ditto
Five per Cent., 102 f.
The India Five per Cent. stook remains firm,
at 107 to 2. The rupee paper is likewise strong—
the Five per Cent. at 102 j g ; and the Five-and-
a-Half at 1071 to 108.
Foreign stocks were dull, and the tendency was
rather unfavourable. Mexican Bonds were not
benefited by the tenor of the discussion in the
House of Commons last night.
Bank shares were steady, with the exception of a
slight reduction in City Bank. The miscellaneous
share market was quiet. Anglo-Mexican .lint
shares continue in request.
The closing quotations for shares in new under-
takings were as follows :—Ocean Marine, 7} to 8
preen. ; Thames and Mersey Marine,l 13-16 to 115-16
prem. ex int. ; Universal Marine, 3 to 22 dia. ;
London and Provincial Marine, i dis. to i prem. ;
Mercantile Fire, f to 1 prem. ; Commercial Onion,
dia. to par ; City of Rio Improvements Company,
3-16 to 6-16 prem. ; London India-Rubhor Com-
to prem. ; and Westminster Brewery,
to prem.
he New Victoria Loan was rather firmer at 104
to 2. New Zealand Six per Cents. were in demand.