The Express.
London, England, 1862-04-29 00:00:00

MONEY MARKET.-(THIS DAL)

Two &Cwoz.
The funds to-day are finn, at the advance of
per cent. which took place yesterday afternoon.
At one period of the morning a fresh improvement
of It was temporarily quoted. In the share and
foreign stock markets, in which this is settling day,
there is not much business, but general firmness
prevails. 'English and Belgian railway shares are

in request and better.
The scrip of the new Russian Loan has fallen to
I to 1 prem., the scheme being still regarded with
great indifference. That of the Turkish Loan, on
the other hand, has risen to 2} to 21 prem. The
Egyptian Loan scrip is quoted 1i to 1e prem.
The usual telegrams from the Paris Bourse have

not yet arrived.
Consols are officially marked 931, f, and 1
for money, and 931 for the account. The present quo-
tation is 9n to both for cash and the Bth of May.
The official business report is as follows :—Bank
Stock, 238, 237} ; Three per Cents. Reduced, 911,
921; New Three per Cents., 92, 911, 92} ;
India stock, 228 ; ditto Five per Cent. stock,
104, f, ,1 ; ditto Four per Cent. Debentures,
1864 or 1866, 1001 ; Five per Cent. " enlaced"
rupee paper, 103 ; ditto Five-and-a-Half per Cent.,
106} ; Exchequer Bills, 215., 18e. prem.
The foreign stock market is quiet, but firm.
Mexican Bonds are inquired for. Venezuela re-
main dull. Spanish Certificates are steady. The
Turkish Loan of 1854 is firmer, at sok to I, while
that of 1858 remains quoted 691 to 701.
Transactions are recorded as follows :—Brazilian
Four-and-a-Half per Cents., 1852, 93, 1, 921 ;
Buenos Ayres One per Cents. (Deferred 3), 34;
Italian Five per Cents. (Maremmsumßailway) Scrip,
21 die. ; Mexican Three per Cents., 311,
I ; ditto for account, 32, 311 ; Russian Five per
Cents., 95f, 96 ; Sardinian Five per Cents.,
821 ; Spanish Three per Cents., 531 ; ditto
Passive, 191 ; the Committee's Certificates, 81, ;
Turkish Six per Cents., 1854, 803, ex div. ; ditto
Six per Cents., 1858, 691, 701 ; ditto, for acoount,
701 ; ditto Six per Cents, 1862 (scrip), 23, 2
prem. ; Venezuela Three per Cents., 231.
The price of the existing Russian Five per Cent.
Stock yesterday was about 96. It is, however, unfair
to institute a comparison between the old stock and
the new loan, for the advantage is all on the
side of the former, which is a perpetual enmity,
irredeemable by the government except by actual
purchase in the market. The dividend is payable
in silver at a fixed exchange, and the bond stipu-
lates upon its face that "the payment of the per-
petual annuity will be effected in time of peace, as
well as in time of war, without distinction, whether
the creditor belongs to a friendly or a hostile na-
tion." The new loan is relatively less valuable,
because the redemption clause is framed in the
interest of the government, while in the case of the
old stock the government is compelled to enter the
market and negotiate direct with the holder before
it can extinguish any portion of this "perpetual
annuity." It was this peculiar privilege which in
former times carried the price of the Russian Five
per Cent, stock up to 115 and 120.
At Vienna, on Saturday, there was a decided
improvement in the Austrian funds.
The following notice has been posted in the Stock
Exchange :—" Imperial Ottoman Loan.—As the
next payment on the above falls due on the 15th
May, the committee have ordered that all bargains
done for that day be settled on Tuesday, the 13th."
There were no transactions in bullion yesterday at
the Bank.
The Shannon has arrived from the West Indies
with 367,500/., of which 287,5001. is silver and
80,0001. gold. The Niagara, from Boston, has
brought 11,0001. in specie.
The Liverpool cotton market yesterday was quiet.
The transactions were to the extent of 8,000 bales.
The stoppage is announced of Messrs. Wil-
kins and de Bruyn, commission merchants, of
Threadneedle-street and the Baltic Coffee-house.
This is an old and respectable firm. They have sus-
tained some heavy losses on Russian grain transac-
tions, entered into apparently in the belief that the
recent dispute between this country and America
would have resulted in war. The liabilities are
computed at something under 35,0001., and a divi-
dend of 6s. or 7s. in the pound seems to be consi-
dered probable. The bills receivable appear to be
of a solid character.
The Brighton Railway traffic return shows this
week an increase of 7,0571., owing to the volunteer
review, and the South Eastern an increase of 1,1361.
The receipts of the Great Western Railway of
Canada for the week ending the 11th inst. were
10,6131. sterliug, being 5531. lees than in the cor-
responding week of last year.
The had-yearly meeting of the shareholders in
the Great Western Railway of Canada is called for
the 22t4 inst. in London.
The annexed circular has been issued by the Ner-
budda Coal and Iron Company (Limited) :
9, Broadetreet-buildiap, Loadon, April 28.
Sir,—l am desired by the directors to inform you that
they have resolved to accede to the request made to than
by several shareholders to Woo forthwith the 907 unalletted
shares. The number of shares to be allotted to each share-
holder will be in the proportion of about oce share for every
Ave shares held by him. The allotments will be made and
the letters sent to such shareholders as shall be registered
la the company's books on the 20th day of May next. Since
the directors issued their late report they have received
additional satisfactory intelligence from India, and they
aware to draw your attention to the fact that the East India
Railway Company have resolved to complete the railway
from to Jubbolpoor as rapidly as possible, which
will thus give earlier than anticipated another outlet for the
company's coal. The treader books will be closed on the
19th and 20th Moy, on which days no transfers will be
received.-1 sin, to., HERBERT HEATH, Secretary.
The Alliance Bank of London and Liverpool an-
nounce the closing of the transfer books for the 6th
May, preparatory to the issuieg of the second
10,000 shares, in the proportion of one new for each
old share.
The annual meeting of the Blaenavon Iron and
Coal Company is called for the 31st May.

MONDAY Emma.
Consols, which closed on Saturday at 931 to 4,
both for money and the Bth of May, opened and
closed to-day at 931 to 4. The official buainess
report is as follows t--Three per Cent. Consols, for
money, 931, 1, ; ditto, for account (May 8), 931,
• Bank Stock, 238 ; Three per Cents. Redumd,
alit 924, 911 ; New Three per Cents., 91i, 92/, 91/
India Stock, 226, 227 ; ditto Five per Cent. Stock,
1084, #, 4, # ; ditto Bonds, 31s. prem. ; ditto
Four per Cent. Debentures, 1863, 1004; ditto,
1864, 1001, ; Five per Cent. " enfa" rupee
paper, 1034 ; ditto Five-and-a-Half per Cent., 109.
The India Five per Cent. Stock was quoted 108}
to 1. The rupee paper was firmer. Exchequer
Bills improved Is., being quoted 18e. to 21s. prem.
Mexican Bonds were in better demand to-day,
and after being marked 324 closed at 311 to 1,
being } higher than on Saturday. Italian Five per
Cents. have rallied to 68} to ; Venezuela Bonds
remain dull, at 23} to 24. The Turkish Loan of
1854 closed at 80 to 4, showing no change ; that of
1858, at 691 to 70} ; and Spanish Certificates, at 84 to
The closing quotations for shares in new under-
takinp to-day were as follows :—Ocean Marine In-
surances 7 to 7} prem. ; Thames and Mersey
Marine, 15-16 to 17-16 prem. ; Universal Marine, 34
to 3 die.; London and Provincial Marine, par to
1 prem. ; Mercantile Fire, to 1 prem. ; Commer-
cial Union, to } die. ; Imperial Bank, to
prem. ; Alliance Beak, 4} to 4} prem. ; Northern
Counties Union Bank, 24 to 3 prem. ; Chartered.
Bank of British Columbia and Vancouver's Island,
1 to 14 prem. • ' Italian Irrigation,r to } prem. ;
Metropolitan Railway Wagon to prem. ;
Bombay Gas, } prem. ; and uropean Boat-
building, par to } prom.
Canada Government Five per Cents. were in-
quired for, while Victoria Debentures were rathbr
more offered.