The Express.
London, England, 1862-05-03 00:00:00

MARS LIS2&-417118 DAY.)

Two o'Cloon.
The railw market continues heavy. A
reduction of Ito 1 per oent. has taken place
in most of the principal stocks. Caledonian,
however, has improved. Business is limited.
London and Nortb Western stock is now
quoted 941 to 96; Great Western, 731 to
741 ; Midland, 1271 to 128 ; Lancashire and York-
shire, 1071 to I ; South Eastern, 84.2 to 85 ;
Caledonian, 109} to 110 ; Eastern Counties, 68 to
; and Great Yorthern, 115 to 116.
Lombardo-Venetian Railway shares are firm, at
3 7-16 to 9-16 prem. A further considerable rise
has taken place in Grand Trunk of Canada Railway
stock. Belgian railway shares are dull to-day.

BRITISH POINUMBIONR.

itaawmra

'•i•—• a►r7: i:

b 1

MS all A • 11',lawmen. 47 72 -
M. . MM. Mr. 90.3264.19.0. 102 10:1 OSB 9
Me A 44/292Anrasln. 6} -
10 09 Da. Protommo 89 9 -
1110 IMlL.Brso6..eiloinerlai
Sp.o. ildo, Anna 1062
sidancit~,o9l.l3. ES SI .-
109 100 Do. Jalr
MS 119 S 93
VT% Milo- t Si -
Do has 187 i. 4088*. 80 -
I an oMonlia lb imloso 9 89 -
•14 OppoTADookllp.amaa } lim -
Ili 100 11.4.1 102 1
SS KO nail
10 2 Do.lttirsimiloo.. - i I Pm= ln
Bt. 1 Mond ?mak al °mods 15 26 20 i
100 al Do. 4pm al. Prat. -
100 all Dolloo-Pr0L4p.64.511 OO 88 92
100 all Do. 4pm at. Dobson 39 B_2 62
100 all Do. Ipm M. 1802- • • 46 66 -
100 an Do. d*. MP.- 37 40 -
103 all Do. M. 11171.' ST 40 -
ft 180 Groat indlon Pawls 102 1029 2 9
99 12 Do. Now par Pla -
20 2 Du. January, 1912
4 KO OS. 8. of ladc.=,6.t.t lol} 1 -
MI all (KW's{ 111 1 129
90} 18 Do. New 8 7 db -
LOS all Do.Sp.allelommS.w.ap 102 106 -
100 all Do. 04 do.. 77.1,16.09. 93 96 -
1N all Do. do. 75 w9lnsalap. - - -
190 an D0.5}4.06.90/6,pay.711 M 94 -
K 100 Madras Ottar. a} pro of 91 92 -
SL 100 Do. de. II per 4 101} 104 109
SO 108 Do. opm of.2s 94 96 -
90 all Do. f. par coat. 40. - - Ms -
dt. 100 Malls_ Corp. Sp. ollioadi ~ - -
!0 all N. Mmowtot • quads
DD
• cop. ob. 5 2
St all Do. do. UM do. 5 T
20 all Do. do. I Gap. do. 4 4 ,--
St all Do. 40. Load do. 6 6 -
100. N. 8.. et Canada op. o 85 93 -
as. nda l2 lei m -
99 16
DD
PosLanb ••.••• 1101 so -
M all Do. 2
10
--•
SO 1 Dolnd.B4/1M.g.M.0 IS 1 an ••
10 1 Telaktod.thollad.norlp 1 IMs -

2011,410 St. Commercial lOO
MAO 81. Do. 4 p.ct.i'ref. Min llO
3.016,101 St. NW sad West India lOO
1,131010 81. Lollldoo
0.211000 St. et. Katharine lOO
340,866 St. routhamplon 100
/100,000 St. Victoria
6.0001 20 Do. New

124 129
be 68
67 62

INIAL 00VILILII MINT

iwi

lir-ill

MONEY MARKET.-(THIS DAL)

Two &Cum'.

The funds to-day are dull. Consols are quoted I
,per cent. lower than yesterday afternoon. There is
little business. English railway stocks are again
rather lower, Belgian dull, and Grand Trunk of
Canada buoyant. Foreign bonds of several kinds
are in increased demand.
At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Rentes were
quoted 711'. 10c, being per oent. better than yes-
terday.
The scrip of the new Turkish Loan is quoted 21
to 31 prem. ; Egyptian, 14 to 11 psem. ; and Rus-
sian, die. to prem.
Consols are officially marked 952 and 4, both
for money and the Bth inst. The present quotation
is 931 to 4. The official business report is as
follows :—Bank Stock, 236 ; Three per Ceuta.
Reduced, 914 ; New Three per Cents., 92, 914 ;
Thirty Years' Annuities, 1886, 151 ; India Stock,
228 ; ditto Five per Cent. Stock, 1084, 3 ;
ditto for account, 1084 ; ditto Four per Cent. De-
bentures, 1864, 1004 ; Five per Cent. "sawed"
rupee paper, 103} ; Exchequer Bills, 21a., 18s.,
prem.

Foreign stocks are strong, with an upward
tendency. There is a further rise in the Turkish
Loan of 1858, which is now quoted 71 to 4, and in
the Spanish Certificates, which are quoted 10
to t. Italian Five per Cents. have
likewise improved, and are last marked
70. Sales are recorded as follows : Brazilian Old
Five per Cents., 1004 ; ditto Four-and-a-Half
per Cents., 1852, 1858, 1860, 931 ; Equador
New Consolidated, 184 ; Egyptian Sena
per Cents., 11, 1 prem. ; French Three
per Cent. Rentes, 70fr. (exchange 25fr.) ;
Italian Five per Cents., 691, 4,1, 70
(exchange 25fr.) ; ditto Five per Cents. (Marem-
maua Railway), Scrip, 2/ din. ; Mexican Three
per Cents., for account, 32 ; Russian Five
per Cents., 97 ; ditto, for account, 961 ; ditto
Three par Cents., 1859, 591, ex div. ; Spanish
Passive, 191, 1 ; the Committee's Certificates, 91,
10, 91, 10 ; Turkish Six per Ceuta., 1864, 801 ;
ditto Six per Cents., 1858, for account, 71, 4, 71, 1 ;
ditto Six per Cents., 1862 (scrip), 3/, 4, 3 prem. ;
ditto paid up scrip, 091, 701,1.

HALF-PAW Two o'CiocK.
Consols are still quoted 931 to;, both for money
and the Bth inst.

An additional 1,000,0001. of the new Turkish
Loan was paid up in full yesterday, making a total
of about 4,300,000/. stock paid up out of an aggregate
of 8,000,0001. The success of the Turkish has,
therefore, fully equalled that of the Morocco Loan.
We believe, indeed, that payments in full upon so
large a wade are quite unprecedented in the history
of loans.
The following is a comparison of the respective
values of the Turkish stocks of 1858 and 1802.
The rate of interest yielded is 91 per cent in both
cases, valuing the stock of 1808 at 701 on the Ist
May (the price yesterday being 701 to 711). The
computations prove that when the stock of 1862
reaches 751. 6s. Bd., or 8/. Os. &L premium, it will
yield the same return of 91 per cent. as the stock of
1858, taken at the price of 701. 14s. ld. per cent.
stem or 1868.
Half-year's dividend dee Ist September, 1862 £3 0 0
59 half-yews' dividends to Ist Mara, 1886, in-
clusive 57 16 6
Stakiog fund- d 0 annual payments of 11. sa. 3d l2 3 6
Value let September, 1862, cam dividend 73 0 0
Rebate of 4 mouths' dividend Ist May to lea
September 2 5 11

Allowed to bring the yoke to let May, 1862 7O 14 1

Broca or 1882..

Half ear's dividend d:Uslsi AV, 18E12
48 half-years' dividends to lot July, 1866, in-
clusive 56 5 6
Eakingfund-47 half yearly payment' of if l7 9 5
Value lit July, 1882. cum dividend 75 14 11
Rebate of 2 months' dividend, lst May to 14
July 1 4 3

Allowed to bring the value to Ist May, 1382...... 74 10 8
Add discount at 6 per amt. from 80th AprO,
open to those paying instalments in advance ... 018 0

£75 I

There is consequently a profit of nearly 41. 14s. 7d.
per oent. on an exchange from the Loan of 1858 into
that of 1862, at their present respective prices.
A telegram from Madrid announces that the
Correspondencia du/ogre/a persists in repudiating
the idea of any recognition of the Certificates.
There were no bullion operations of importance
at the Bank yesterday.
The amount of specie engaged for transmis-
sion to the East by the Mooltan to-morrow is
176,3371., of which 37,1731. is gold, and the rest
silver. he particulars are subjoined, viz.:—For
Malta, 4001. ; Alexandria (gold), 31,5001. ; Madras,
4,7731. ; Singapore, 42,6601. ; Hong Kong, 80,2921. ;
and for Shanghae, 7.7121.
There was a reaction yesterday in the St. Peters-
burg exchange in a sense unfavourable to Russia.
The rate on Frankfort has advanced. Bills ou
Holland and Vienna were in demand. Subjoined
is our usual list :

Amsterdam, 3 mootbs. 11.171 to 18 ; ditto, 3 days,
11.151 to 16 ; Rotterdam, 3 moeths, 11.17 f to 18 ;
Antwerp, 3 reuetbs, 25.45 to 50; Bamberg, ms. balm,
three months., 13.8 to 1 : Paris, 3 days, 25 25 to 30; ditto,
3 months, 25.45t0 50; Franktort-oe-the-Maine, 3 mouths,
119} to 1 ; Petersham (pert rouble), 3 months, 331 to 341 ;
Views, eft. do., 3 smooths. 13.20 to 30; Trieste, Mt. do
3 months, 13.20 to 30; Madrid, 3 months, 49/ to 1 ; Cadiz,
3 months, 481 to 49 ; Leghorn, 3 months, 25.60 to 5 ;
Gloom, 3 months, 23.55 to 60; Milan, 3 mouths, 25.55 to
60 ; Naples, 3 months, 394 to 1 ; Palermo, 3 months, 1191
to 120 ; Mission, 3 months, 3394 to 120; Lisbon, 90
days. 521 to 1 ; Oporto, 90 days, 521 to 53.
With the o:caption of Vienna and Turin, where
the rate of discount is 5 per cent., money conti-
nues very easy ou the Continent. At Paris the
rate is 21, or below the Bank share; Berlin, 3 ;
Amsterdam, si; Frankfort, 2 ; Brussels, 3 ; and
Hamburg, 21}per cent.
The failure was announced yesterday of Messrs.
T • Sworder and Co., of the Bedford-road Brewery,
Luton, with liabflitiesestimated at about 130,0001.,
of which about 90,0001. is secured. The assets
are stated to be considerable. The circular homed
is as follows :

Bedford-road Brewery, Luton, Mayl, Itt62.
It is with deep regret we have to inform you that we
end ourselves unable to meet our engagements.
With the concurrence of our principal creditors 'rebus
placed our book. in the hands of Aleuts. Huding. Pulleio,
Whinney and Gibbous, the accountants. and a statementof
our pfritioo will be submitted to a meeting of creditors as
early as possible.
Trusting to your forbearance in the meantime,
We are, Lc., T. Swonnza and Co.
The Cape mail has brought news that the por-
tion of the line of the Cape Town Railway from
Stellenbosch to Este River is ready for traffic,
while that from Stellenbosch onwards will be ready
in July. This company's traffic' return (given be-
low) is at the satisfactory rate of 171. per mile per
week.

The directors of the Metropolitan Railway Car-
riage and Wagon Company were unable to issue the
letters of allotment on Wednesday, but we are in-
formed that they were to be posted yesterday.
The eooond aeries of colonial wool sales for the
present year commenced yesterday. The catalogue
comprised the following : 104 balm Sydney, 2,093,
Port Phillip, 320 Van Diernen's Land, 283 Adelaide,
458 Cape, total 3,258 bales. The attendance of
buyers was large, and there wu no alteration in '
the prices of Cape and Adelaide wool, u compared
with the March sales, but other descriptions were
about id. per lb. lower. The sales will continue till
6th June. The arrivals are : From Sydney, 16,523
bales ; Victoria, 45,497 ; Van Diemen's Land,
4,520 ; Adelaide, 15,119 ; New Zealand, 1,704 ;
Swan River, 2,069 ; Cape of Good Hope, 9,531.
Total, 94,963 bales.
The A.venule has arrived flow China, with
315,0001 be. cf tea and 398 bales of silk.

The &a.* specie efittnntet for Ihe week ending
Wednesday. last gives thefollowing totals, vu.:—
Imports of gold,— 28Cr,1941. ; exports of gold,
711,9184.7, imports of silver, 11:11,9941.8 exports of
silver, 145,0821.

F!IMAY

Consols, which closed on Wednesday atto 94.
for money and the Bth of May, opened and
closed to-day at the same quotation. The official
business report is as follows :—Three per Cent.
Consols, for money, 931, 94 ; ditto, for account
(May OBI; Bank Stank, 231; 23A1 238 ;
Three .per ats. Reduced, 921,
94:out , 91/:
New Three per Cents., 92, 911, ,91, W 2 ;
India Stock, 228 ; ditto Five per . Stec
108 i ill 1 • ditto Four per Cent. Debentures,
1863, 100 i ; ditto, 18$4,100! ; ditto Bonds, 275.,
31k prem. ; Five per Cent. " enlaced " rupee
Paper, 103 ; ditto Five-and-a-Half per Cent., 109.
The India Five per Cent. Stook remains quoted
I°Bll to ; India Bonds, 275. to 30e. preen. ; and
Eke equer Bills, 17. to 20e. prem.
Business in the foreign stock market has in-
creased, and the tendency of prices was more favour-
able.
In bank shares there was a decline in Union of
Australia. London Chartered Bank of Australia
were aired for. There was scarcely any change
in miscellaneous shares. Nerbudda Coal and Iron
shares were inquired for and were dealt in at
1 prem.