The Express.
London, England, 1862-04-25 00:00:00

NONNI' MARKBT.--(THIS D 4).)

Two o'Crnen.
A fall of per cent. has been caused to-day in
the funds, by the nearer approach of the Russian
loan for 15,000,0001. The other market. are like-
wise overshadowed. Business in every department
is very dull. English railway stocks in most
instances have declined. Foreign stocks are like-
wise prejudiced.
At Paris this morning, according to Mr. Reuter's
*gram, the Three per Cent. Renter were quoted
igen 500., being fractionally lower than yesterday.
The scrip of the new Turkish Loan is quoted lit
to 1I prem. ; and that of the Egyptian at 11 to 11
pram.
Consols are officially marked 94 and 931 for
money, and 93i for the account. The pre-
sent quotations are 931 to I for cash, and
1931, " sellers," for the Bth of May.
The official business report is as follows .—Bank
Stock, 238 ; Three per Cents. Reduced, 921, 1, 92;
New Three per Cents., 92k, k, 92 ; India Stock,
927 ; ditto Five per Cent. Stock, 1081, 1 ;
ditto Four per Cent. Debentures, 1883, 1001, 1 ;
ditto 1864, or 1886, 1001 ; Five per Cent. " en-
faoed " rupee paper, 1031, I, 103 ; Exchequer
Bills, 18s., 205., 17s. prem.
Foreign stocks are dull. Turkish have declined
to per oent., the Loan of 1864 being quoted 801
to;, and that of 1868, 70 to k. Russian Five per
Cents. are heavy, and are marked 981. Italian Five
per Cents. are likewise flat. Spanish Certificates re-
main firm. Mexican Bonds are marked 311, being
rather dull. Transactions are recorded as fol-
lows :—Brazilian Old Five per Cents., 1001,
ax div. • ditto Four-and-a-Half per Cents., 1860,
931; Dutch Four per Cent. Certificates, 100 k, ex
div. ; Italian Five per Cents., 68 (exch. 26fr.) ;
Mexican Three per Cents., for account, 311, .;
Moorish Five per Cents., 91} ; New Granada Two
per Cents., 261; Portuguese Three per Cents.,
1853, 46 ; Russian Five per Cents., 981; ditto
Four-and-a-Half per Cents., 91, 92 ; ditto Three
per Ceuta., 1859, 61 ; Sardinian Five per Cents.,
for account, 82, 83, 821 ; Spanish Three per Conte.,
for account, 531 ; the Committee's Certificates, Bk, '
; Turkish Six per Cents., 1854, for account, 80f,
ex div. ; ditto Six per Cents., 1858, for account,
70} to 1; ditto 1001. Bonds, 71; Venezuela Three
per Ceuta. for account, 24.
The negotiations for the introduction of a large
Russian Loan are serious, and are being actively
continued. Support is being organiaed in a variety
of quarters. The terms originally spoken of have
been altered, and it is now understood that the
loan will be brought forward as a 5 per cent.
moot, at a difference (including discount, Am) of
some 4 or 5 per cent. in favour of the subscriber,
as compared with the price of the existing Russian
Five per Cents., which could be sold yesterday af-
ternoon at 99, or a fraction higher. According to
some of the rumours circulated here and corrobo-
rated from Paris, the new loan will be of the
immoderate amount of 12,000,000/. or 15,000,0001.
In this case the margin spoken of does not appear
to be by any means adequate.
The discount market remains quiet and easy.
The rate for good bills is about 2} per cent.
The Stock Exchange Committee have appointed
Wednesday, the 30th inst., for the settlement
of the new Turkish Loan. With a view to the
convenience of the public, the agents will issue the
scrip two days previously—i.e., on the 28th.
Messrs. Glyn, 1011 s, and Co. have consented to
receive payments in full before the 30th, but of
course only allowing the 6 per ceut. discount as
from that date. On this occasion, excep-
tionally, they will also receive paymentsi rn
full up to the 2nd of May inclusive, the
discount to be calculated from the day of payment
after the 30th of April. The motive of times ar,
rangements is the anticipation that numerous metre
will be desirous of immediately availing thereselver
of the privilege of paying up in full. The official
advertisement will be found in the proper place.
The sum required from persons paying up in full
on the 90th will be (after allowing for the 6 per
cent. discount) 471. Oa 10d. on 1001., 2351. 4s. ad.
on 5001., and 470/. es. sd. on 1,0001., 20 per cent.
having already bass.
cent. An instalment of per nt. fell due yesterday li
on the Maremmana way Loan of 1,338,0001.
An instalment of 15 per oent. becomes due on the
Egyptian Loan on the 10th of May, and one of 10
per cent. on the Turkish Loan on the 15th idem.
With reference to the claims of the Spanish Cer-
tificate holders, we have received from the com-
mittee a translation of a memorial to the Cortes of
Spain which has been published in the Madrid
, of the 17th lust, Attached to this document
are 207 signatures, including those of Messrs.
Rothschild and Sons, C. Devaux and Co., George
Peabod and Co., R. Raphael and Sons, and James
Cape', Norbury, 'Trotter and Co. The memorial is
too long for insertion here.
About 18,000/. in gold was taken to the Bank
yesterday. A large amount is expected to be sent
there during the next day or two.
The New York, from New York has brought
28,000/. laspecie for England, and 29,0001. for
France.
It is usual for the Stock Exchange to be closed
on the Ist of May (Thursday next), that being one
of the days for striking the half-yearly balance at
the Bauk of England. where the transfer books will
be shut. But this year, owing to the opening of
the International Exhibition of 1862, the Ist of
May will be observed as a general holiday. In
every department of business, according to the pre-
cedent set on a similar occasion in May, 1851, there
will be merely a nominal attendance.
The Liverpool cotton market yesterday was firm,
with sales to the extent of 8,000 bales.
The Stock Exchange Committee have appointed
the 2nd of /day fur the settlement in the shares of
the Turin and 'Savona Railway Company, which are
_ .