The Express.
London, England, 1855-03-31 00:00:00

FRIDAY EVENING.
The English stock market showed a little flatness I
this morning, but subsequently rail( d, and closed t 1 t
per cent. higher than yesterday, notwithstanding to-
day's decline at Paris. The more favourable tendency
of the Vienna bourse tends to afford support to
prices. Now that the crisis is at hand, when the
question of peace or a continuance of the war must
be finally decided, a feeling of feverish impatience
prevails in moat quarters, patties who had hitherto
refused to believe in the possibility of peace bay-
ing considerably modified their opinions since the
death of the Czar Nicbolu, and the announcement that
the Allied Powers will be content with terms abort
of the destruction or even dismantling of Sebastopol.
The indefinite postponement or abandonment of the
projected visit of the Emperor of the French to the
Crimea; the hasty journey of the French Minister of
Foreign Affairs to London, preparatory to visiting
Vienna; and the announcement that the aged Count
Nesselrode is about to meet the other plenipoten-
tiaries at the latter city, have all contributed to en-
gender pacific ideas. On the other hand, parties
acquainted with Raman see no possible solution of
the pending differences but by means of the sword,
and continue to express a belief that Russia, whilst
deluding the Allies, and enfeebling their militilry and
naval operations by a pretence at eegutiatioes, is aminly
aiming at preventing anj armed interveatien on the
part of Austria. Pi.ndiog the receipt of the Czar's
reply to the requisitions of the Allies, which is very
shortly expected from St. Petersburg, the critical
state of politics induces great caution on the part
of speculators in the stock maikete, and thus bold-
ness is very limited. It will not have escaped atten-
tion, however, that stock is now more abeadant in
the Consol market, as is proved by the late rise in
the value of money in the Stock Exchange, which
now commands as much rs 31 to 4 per cent. on go-
vernment securities. In the event of the non-
realisation of the pacific hopes now entertained in
sone quarters, the outstanding speculation for a rise
world render the market liable to considerable de-
pression.
The Paris bourse to-day was weaker, and the
Three per Cent. Renter closed at an unfavourable re-
&cries of to per cent. In the Four-and-Half per
Cents, the fall was 1 per cent. At Vienna the feel-
ing of the bourse is more buoyant, sad the exchange
on Loudon has fallen from 12.12 to 12.08. The pre-
mium on the precious metals has at the same time
declined to 1 per cent., that on gold standing at all
per ant, and that on silver at 26 per cent. At
Frankfort Austrian stock has risen upwards of per
cent. At Amsterdam speculative attention seems at
present to be chiefly directed to Venezuelan and Gre-
nadian Bonds.

Consols were first quoted 921 to 93 for the 11th
April,but had advaoced at the close to 93k to j. For
money the final quotation was 93 to e. The official
business report is as follows:—Tbree per Cent. Con-
sols, for money. 921, 921, 93, 931; ditto, for account,
11th April, 921 931, 1, I.BankStock, 216 (with
div. for money); ditto, for account, 2141. Exche-
quer Bonds, falling payable in 1858, 991, 1; ditto,
1859, 991, 1. Exchequer Bills remain quoted 6s. to
9s. prem.
Foreign stocks continue to show firmness, espe-
cially Turkish, which closed at 80: to 1 for the new
account, the announcement of the dividend strength-
ening the market. Granada Deferred beads expe-
rienced a rise, touching st. In Venezuelan there is
a suspension of operations, but this stock continues
at present in favour. Spanish 'realities also met
with a little Inquiry, especially the Certificates issued
by the bondholders committee.• Business is recorded
is Cuban Seven per Cent. bonds (issued on account
of the Matanzas and Sabanilla Railway), at 98.
At 4 o'clock Russian Five par Cents, were quoted 99
to 101 ; ditto Four-and-a-Hal per Cents. 89 to 91.
Mexican, 201 to 21. Sardinian, 86 to bB. Peruvian
Four-and-a-Half per Cents., 70 to 72. Dutch Two-
and-a-Half per Cents., 62 to 64; ditto Four per
Cent. Certificates, 93 to 95; and Spanish Deferred
Three per Cents., 181 to 1. The list of males is an-
nexed :—Buenos Ayres Six per Cents., 53. Cbilian
Six per Cents., 1041. Dutch Two-and-a-Half per
Cents., 62:. 63; ditto Four per Cent. Certifs., 941.
Equador Bonds, 4. Granada Deferred, 6:, 61.
Mexican Three per Cents., for account, 16th April,
201. Spanish Old Three per Cents., 361 ; ditto New
Deferred Three per Cents., for account, 16th April,
181; the Committee's Certifs. for the unfunded cou-
pons, 51, 51, 51 per cent. Turkish Six per Ceuta.,
801, 1 ; ditto for account, 16th April, 801, 801.
The Admiralty, in a notice issued to-day, state
that "in future no tenders for sailing vessels will be
noticed, except those in answer to public advertise-
ments."

The corn market to-day was quiet, with little
change in price.
The Psyche has arrived from Sydney, but is not
known to have any gold on freight.
On 'Change this afternoon there was more inquir3
for bills on most continental cities, and the tendency.
of the rates was consequently rather less favourable
to this country than of late. 'the decline, however,
was mainly confined to Paris and Hamburg. In the
are of Vienna and Trieste, a decline also occurred in
response to the quotations reported from Vienna.
St. Petersburg advises of the 22nd instant quote
the exchange on London at 361 d. The price of tal-
low was nominal at 117 on the spot, and 116.101 for
delivery in August, with nothing doing.
The receipts of the Great Western Railway of
Canada for the week ending the 9'h inst. were
7,4871. sterling, making a total of 28,7931. since the
Ist February.
Land and bank shares to-day were quiet. South
Australian Land shares rose 10s. Crystal Palace
shares were in demand, and experienced a further
decided improvement, closing at 31 to 3 13-16, and
the preference shares at 3-16 to 5-16 prem. Penin-
sular and Oriental Steam mark 57. _ _

The directors of the Antwerp and Rotterdam
Railway Company have addreaed a circular to the
shareholders, informing them of an arrangement
entered iota with the Lterre and Turnhout Railway
Company, of which the following are the chief
features:
The Liens and Turnhout Railway—length 241 miles,
Ca; ita1172.0001, in 8,61:0 shares of 201. each—has been con-
streeted under • guarantee of interest at the rate of 4 per
cent. from the Belgian government, and being now c..m.
plated for the sum of 7.0001 per mile guaranteed by the
government, a minimum annual dividend of 4 per cent. is
receivable on the shires, with participathin in surplus profits
above 4 per cent., in terms of the strtuus.
These important advantages have been secured for the
Ant, erp end Rotterdam Railway Company by an arrange-
ment by which that company nuderukes to work the Lieu*
and Turnhout Railway for the term of the concession, or
90 year, for • fixed per center/e of the receipts, wiz., 6.5 per
cent. of the gross receipts for the first two years, 60 per
I cent. for the next two. yearn, and 60 per cent. for the re-
mainder of the corcession ; the Antwerp and Rotterdam
Company taking the rolling stock of Vie Lien, and Turn
bout Company, and allowing 6 per cent on its cost, or
8.571. per year. As part of this arrangement, the privilege
is further secured for the Antwerp and ft Xterdsm share-
holders of taking 6,000 shares of the Lime and Turnhout
Company, being is the proportion et one share for ever)
tea of the Antwerp and Rstterdem Company, at the price
of 161 each, at which pric° the 0 pvertunfnt Guarantee is
quivalent to a minimum dividend of 6 per cent. per
unum, and the allowance from the Antwerp and Rutter.
m C umoanv for the rolling stock is equivalent to half per
rest per annum more.
The directors observe that the control of this line
secures the Antwerp and Rotterdam Company against
the only poesibtlity of any future competition by rail-
way for traffic between Holland and Belgium. The}
also point out that a gross traffic of 5601. per mile po
annum on the Turnhout Railway will he sufficient to
pay 4 per cent. on the par price, or 51 per cent. to
the Antwerp and Rotterdam shareholders, whereat.
the average receipt of the Belgian state system ex-
ceeds 2,0001. per mile per annum. The Antworp
sad Rotterdam shareholders mast signify their op-
tics by the 4th of April, sad may aitbr pay up the
164 par gam at sac* se pay 44 &pas% sad throe