The Express.
London, England, 1862-03-25 00:00:00

MONEY MARKRT.-(THIB DAL)

Two o'CLocz.

The funds to-day are quiet at the closing quo-
tations of yesterday. In the share market the prin-
cipal features are a decline in Caledonian Railway
Stock and in the old Turkish Loans, and a con-
tinued demand for Indian and Brazilian railway
shares. Attention is completely diverted, however,
to the new Turkish Loan.

Although heavy sales have been made of the
scrip of the New Turkish Loan the market is well
supported at to n prem. The applications are
already very extensive, and the transaction occa-
sions considerable excitement.

At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Rentea were quoted
69fr. 82c., being about the same as yesterday.
Consols are officially marked 934, 94, and 934
foe money,• and 94 for the account. The
present quotations are 934 to for cash,
and 934 to 94 for the 10th of ApriL
The official business report is as follows :—Three
per Cents. Reduced, 924, ; New Three per
Cents., 924, 4, ; India Five per Cent. Stock,
1064, 4, i ; ditto, for account, 1084, ; ditto
Four per Cent. Debentures, 1863, 100; ditto
1864, 100 ; Five per Cent. "aniseed" rupee
paper, 1034, 103 ; ditto Five-and-a-Half per Cent.,
1084, 4. Itschequer Bills, 175., 20s. prem.

The Turkish Loans of 1854 and 18138 have been
more offered by holders desirous of exchanging into
the new issue ; the latest sales have been at
844 for the 1854, and 714 and 72 for the 1858.
Mexican, Spanish Positive, and other foreign bonds
are dull. Italian Five per Cents. have again declined.
Sales are recorded as follows :—Brazilian Four-
and-a-Half per Cents., 1860, 921 ; Chilian
Four-and-a-Half per Cents., 87; Danish
Three per Cents., 1825, 84; Dutch Four
per Cent. Certificates, 1024 ; Italian Five per
Cents., 864, 1, 3 (exchange 25fr.) ; Mexi-
can Three per Cents., for account, 344, 3 ;
Moorish Scrip, 54 prem. ; New Granada ex overdue
Coupons and Hectares, 104 ; Russian Five
' per Cents., for account, 99 ex div. ;
ditto Three per Cents., 1859, 614 ; Sar-
dinian Five per Cents., for account, 81;
Spanish Passive, 19 ; Turkish Six per Cents., 1864,
for account, 86, 4, 844 ; ditto Six per Cents., 1868,
for account, 72, 4, 714, 72, ex div. ; ditto 1001.
Bonds, 734.

The Re;tilt has arrived from Melbourne with
158,0001. in gold, and the Arabia, from New York,
with 35,000/. _ _ _

About 109,8001. in gold was bought by the Bank
yesterday, making a total of 203,0001. since the
last return.
The amount of gold known to be on the way
from Australia to this country is 554,0001. The
Marian Moore, with 33,000/, has been out 100
days ; the Result, with 158,0001., 96 days ; the
Yitict Australia, with 78,0001, 84 days ; the
A with 103,5001., 76 days ; the Giants' Cause-
way, with 49,0001., 75 days; the Yorkshire, with
51,5001, 63 days; and the Omar Pasha, with
81,0001, 63 days.
The Mexican dollars by the West India
.packet
were sold yesterday at ss. 00. per ounce, being Id.
above the price obtained for the previous supply.
In the interval there has been little or no business.

The bar silver has not yet been disposed of.
Yeeterday'spacket brings the exchange from New
York at 112/. The prices of stooks and shares
are likewise higher—in some cases materially so.
The telegrams announce an unopposed advance of
the Federal army from Manassas, from which it is
inferred that the Confederates have retreated.
The mails from Calcutta and China have reached
Alexandria. The exchange at Shanghai) was
quoted 64., and at Hong Kong, 4e. Old. At
Calcutta freights for rice stood at 63e., being lOs.
lower, and the exchange at 2s. Old.
The Liverpool cotton market yesterday was
steady, bat dull. The sales were limited to 3,000
bales.

The Brighton Railway traffic return shows this
week a decrease of 9311., and the South Eastern a
decrease of 9111.

The receipts of the Great Western Railway of
Canada for the week ending the 7th of March
were 10,1061. sterling, being 6961. more than in the
corresponding week of last year.
It is announced that the Metropolitan and Pro-
vincial Bank (Limited) will commence business on
Monday, the 14th April. This undertaking has
been established under highly respectable auspices.
The third ordinary general meeting of the Atlan-
tic Royal Mail Steam Navigation Company took
place yesterday. The directors' report, which was
adopted, states that the company are now in pos-
session of four steamers, of one-third more tonnage
and with greater steam power than are required
in the government contract' Out of 600,0001.
preference stock authorised to be raised, 419,0001.
has already been taken and fully paid up, so that
, the directors have been able to liquidate nearly all
Ithe outstanding liabilities of the undertaking. The
government have been acquainted with the pro-
gress made, and at the first fitting opportunity
application will be made for a restoration of the
contract and subsidy.
At the annual meeting yesterday of the British
American Land Company, the directors' report,
which showed a considerable increase iu the sales
of land during the past year, and at an improved
average price per acre, was adopted. The chair-
man, Mr. J. J. Cummins, stated that had it not
been for the civil war in America the report would
have shown even more favourable results. The
stoppage of the lumber trade with America had
however interfered to some extent with the com-
pany's receipts. Speaking generally as to Canada,
he was of opinion that a great change in the aspect
of Canadian affairs might shortly be expected.
The Etheldreda has arrived from China with
391,0001ba. of tea.

Homa►t

Consols, which closed on Saturday at 944, "sel-
lers," for the 10th April, opened this morning at
944 to 4, and closed at 94, "sellers." For money
the last price was 931 to 94. The official business
report is as follows :—Three per Cent. Consols, for
money, 944, I, 934, 94; ditto, for account (Aprillo),
941, 1, 94, 931 ; Bank stock, shut ; Three pee
Ceuta. Reduced, 921, 4, ; New Three per
Cents., NI, 4, ; India Stock, 224, 226 ; ditto
Five per (lent. Stock, 1084, 109, 1081, 4, # ;
ditto Four per Cent. Debentures, 1863, 100, ;
ditto 1864, 100 ; ditto Bonds, 225. prem. ; Four
per Cent. " enfaced" rupee paper, 91; ditto Five
per Cents., 1034.
The India Five per Cent. Stock closed 1 lower
than on Saturday, at 1081 to 4. The rupee
paper was again in demand, with an upward
tendency.
A further decline of Is. took place in Exchequer
Bills, which were quoted 17s. to 20s. preen. There
were sales of India Bonds at 225. prem.
In the foreign stock market the principal busi-
ness was again in the Turkish Loan of 1858. Trans-
actions were recorded in the morning as high as
7n ex div., and the closing quotation was 72 to 4,
being almost exactly the same as on Saturday. Th
absence of any fall in the quotation of this stock
in face of the offer of the new loan at a much
lower price is explained by the circumstance that
those holders of the Bonds of 1858 who contem-
plated exchanging into the new loan have been sell-
ing for some weeks past. The Bonds of 1864 were
more affected by the competition ; the price fell
per cent., closing at 85 to 4.
The shares of several of the Australian banks,
including London Chartered Bank of Australia,
English, Scottish, and Australian Chartered, South
Australian Bank, and Bank of New South Wales,
have improved to-day. Ottoman Bank have risen
to 25 to M. London Joint Stock Bank, and Lon-
don and County Bank were rather more offered.
Peel River Land stock and Madras Irrigation shares
have improved, while Van Diemen's Land were flat.