The Express.
London, England, 1856-02-13 00:00:00

1004 i

MONEY M4RKET.--711IS DAY.

Two o'Cr.oex.
The English funds continue to show an improving
tendency, although little further advance has taken
place. Consols for the 11th March, which closed
yesterday at 921, touched 921 to 1 this morning, and
are now quoted 921 to For money the price is
914 to 92. The Three per Cent. Reduced have been
dealt in at 921 to 1; the New Three per Cents. at
924 to 931; and Exchequer Bills at 7s. to 2s. die.
Turkish Six per Cents. have advaaced to
931 to 94. The New Four per Cents, are quoted
1001 to 101 k ex div. Spanish Bonds are
better. Spanish Old Three per Cents. have
been dealt in at 424; ditto Deferred at 231
to 241; Venezuela Actives at 29 ; Dutch
Four per Cent. Certificates at 951; Equador
at 51 ; ditto New Consolidated at 134
Granada Deferred at 7 ; Portuguese Four per Cent.,
481; Bunion Fonr.and•a-Half per Cent. at 93 to
931; Brazilian Old Five per Cent. (Small Bonds) at
1021; ditto, Four-and•a-Half per Cent. at 931.
The uneasiness excited by the dispute with the
United States has been alleviated in consequence of the
news brought by the steamer America presenting no
fresh unfavourable feature. It is hoped that the in-
telligence of the submiuion of Runic to the terms
of the Allies a ill lead to a satisfactory modification
of the tone of the United States government. Hopes
of a pacific result from the Paris Conferences, how-
ever, have given the ehief immediate stimulus to
prices.

lathe Stock Exchange.money is easier, at 5 to bj
per cent. on government securities. In Lombard-
street to-day, however, the demand for accommoda-
tion was very active, and some tightness was expe-
rienced.

There appear to be still some icqeiries for gold for
exportation, but no supply is offered in the market.
Assuming that the James Baines sailed from Mel-
bourne at the date fixed, viz., the 25th Nov., she kas
now been 79 days on her passage. Her arrival is
daily expected, the wind being favourable.
The development of the commercial resources of
Turkey is likely to attract considerable attention on
the part of capitalists in Western Europe. The first
of the undertakings with this object is now announced
under the title of o The Ottoman Bank." The
capital is fixed at 500,0001., with power to
increase to 2,000,0001. The chairman is Mr.
Layard, M.P., and the vice-chairman Mr. James
J. Cummins (Chairman of the Union Bank of Austra-
lia). Amongst the directors are Mr. George Oren-
fell Glyn and Mr. Arthur Haukey. The enlarged
commercial requirements of Turkey, coupled with
the existing and acknowledged deficiency of hacking
facilities in that quarter, are referred to is opening
a promising field for the operations of the proposed
institution. The directors state that influential co-
operation will be secured in Constantinople, Paris,
and Vienna. The business of the Bank is of course
to be commenced in Constantinople, but it is con-
templated to subsequently open branches in the
other principal ports and cities of the empire. It is
with this view that power will be reserved to in-
crease the capital to the important aggre-
gate of two millions. Steps have been
taken for obtaining a charter of incorporation. The
share, are ot 201. each, on which the deposit is to be
51. The regulation adopted in this case requiring
that a deposit of 11. shall be paid on application
ap-
pears to be now becoming general. This innovation
ts a very whol, some one, as tending to protect the
public against projects f a merely speculative cha-
racter, and wo would therefore again urge its uni-
versal enforcement. The prospect that peace and
the abolition of the restrictions upon joint-stock
association will stimulate the desire for enterprise in
a variety of directions renders this restrictive rule
the more necessary.
The draughts ot the Tipperary Joint-Stock Bank
have been returned by their London agents, Messrs.
Glyn. This company was established in 1836, with
a head office at Memel. and branches at Athy,
Carlow, Carrick-on•Suir, Nenagh, &acres, Thurles,
Thomastown, and Tipperary, and has been paying
dividends at the rate ot 6 per cent.

TVWAY EVIIIIINO.

- -------
The funds to-day roes Ito per cent., and showed
much firmness to the termination of business, finally
closing at their best point. Investments and specu-
lative purchases decidedly preponderated.
Consols for the 11th Much opened at 91; to 1,
advanced on some large purchases to 921 to 1,. and
closed at 921 exactly. For money the final quota-
tion was 91; to 92. The official business report Mae
follows :—Three pee Cent. Console, for mone, 911,
1, ; ditto, for account, llth March, 911, 924, 921,
921; Three per Cent. Reduced, 911, f, 921 ; New
Three per Cents., 921, 1,3, 3; Long Annuities,
expiring in January, 1880, 31 ; Thirty Years
Annuities, April, 1886, 181; India Stock, 2241,
228 ; Bank Stock, 214; Three-and-a-Half per Cent..
Exchequer Bonds, falling payable in 1868, 974; .
98 ; ditto in 1859, 98.
Exchequer Bills and India Bonds closed at 7s. to
3a. die.; and Exchequer Beads, at 971 to 98.
Tatk;sh Six per Cents. rose j per cent., closing at
931 to 1. The new Four per Cent. Loan left
cff the same as yesterday, at 1001 to 101 ex div.
Peruvian Four-and-a-Half per Conte. declined 1 per
cent. In other descriptions there was no change
of importance, the foreign stock department being
generally very quiet.
Annexed are the latest reports from foreign
Bourses, as received by the Continental Teph
Pwis—Tinsday (Cluing prices) : Three pee Oast. Ramia for
mosey, 73 ; dins Ile assist, 7473; Sank shares, 3,4113. The Three
pee Cents. Wow a rise et I to 1 par cent.
Vise—Y• (OMR pekes) : Austrian Ties par Cont.
Ketsides• 11$1; 111444wWw./lall per Cann. 74. Enehase•
on Imam 101.24; 14111. IR per cent. prem.; other, 71 pot amt.
pram This Wows is Ewa bller.
Asnstershun—Msaft (01=4:110) DWlllTerwaniwllelf per
Own.. 631; ditto Peer per Oil Oposids New DeOnsl Three
ppesr Cann, 33 11-16 Ohs Obi per Omit Islssise. 43 ; the
4 15.16; tie Pude* Deily 41.14; Pertipsek 434
Oslissa. U; Awrilen the per Ow 4. biesliss. 761 ; Omens De-
terred, 6 13.16 Equador. FM • Orse (Ras). 11; Peruvian rear.
and4.lloll Oman.. 141; Orwiads &Ow. IR; Vannwis Neve.
parSirTSIWOW—.O.I...
prill4l47:othalims IliptistriverrirleirrLidam.
ikualies., 24 146 ;75.111.tteOlizidmi.Thres
on Landon. 1191. *maim sink afressesd 11 per err.
Hassborp—monsinsp.mba Old Three per Ono.. lei; ditto
Delernd Three gar 311.
Balls—ltgeso s per Orals., 103.

MINES,-THIS DAY.

Two o'froca.

There is no inquiry for the gold mining shame.
St. John del Rey Mares bare been dealt in at 27i;
Clarendon Mining at prem.; and United Reuben
at Si to St.

Alnexid is a list of yesterday's' transactions in the
6 Mining Exchange, Mining Subscription Rooms, end
I Stook Exchange.
Mining Exchange official list
lAlFrsd Cosset., 141. f; Botsitsek, 220; But Buller, 6 ,
1; °rambler sod St. Aehyn, 1221; Grist Alfred, 3,1, 2
t II; Lady Bombs, 218.. 225. Id.; North Beset, 44, ,
. I 42, 443. 1; Per Cosrok, 191, f, Ponds's, 19a, 20..,
218.; Its. ewers. United, 1221, 1261;
; Beath Touts, 1421,
145; South Fraser, 366; Stray Park, 41, 6,1, 4 13-16, 1,
' 61, 4 13-16.1 ; flutridge Cowls. 4. 3. 4; South Con-
, ; (lemon' 165., 16e.: Tlarsoft, 51, 1; U•ited Muse, 2121;
I Wheal Belle, 676; Wheal "frelawey, 27; Wbeal Zkis,
27.. 62 , 30s, 211., 235., 32..64.. 30e., 32, 6.1., 30c, 328.64.,
34s . 35'. Foreign: Imperial Brasil, 23.
Mining Subscription Rooms °Meal Est:
Catherine and Just, 30e., 32.. 64.; Wheal Usy, 6, 3.
Collatembs, 41; Bosawarne, 125; Nantes' sad l'aerbilw,
17a 6'., 1; dt,to, for time, 11; Capper Bill, 140, 156;
Prams, 360; South Basest, 396, 400; Lag, Damn,
19a, 20%, 21. 04,, 225. 6d. ; Osintek, 35; South T,
i 140, 145 ; E ant Tates' 30, 32; Titcrott, 6; Nos* Baas%
441; Gnat Alfred. 8,1, 3; Vats of Towy, 265. 64., 270. ;
km W , park, 41, 6: heel %mull, 305.; Wnsel CivebOo.
• 12s. 62, ; Weal, 163. 173; &Asides, 21, 1; meld
211 , 255., 27..64., 26c, 28*. 6d., 305.; Rawkeasar,
128.64 ; Alfred Cassels, 10.; Wheal Wrsy, M; Beau
sad Brut 41, 3,
In the Stock Exchange :
North 11.160. 44; Alfred Centel., 163 ; South Gauss,
125 ; Tinucit, 5 ; Timer Cots )Is, 3,3; Bast Wht Bog% 60,
61; Stray Park, 63 ; &midis Consols, 43 ; Whist
21 ; Chaccelisesenlii, I.

Amoopt the pamenprs which came home in the
Brawl rani wearer Ave, yeater?ay, were some railway le-
fißOltte wh ) had been making saner for a railway at
Bahia.