The Express.
London, England, 1862-04-08 00:00:00

PROVINOIAL NUBS MALREITS.

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MONEY MARKET.-(THIS DAL)

Two o'CLocz.

The funds to-day see steady, at yesterday's
dosing quotations. Preparations for Thursday's
settlement have chiefly occupied attention. In
the other markets business generally is very quiet,
but prices show steadiness. A rise in South East-
ern Railway stock is one of the principal move.
ments of the day.
The scrip of the new Turkish Loan is steady at
11 prem. That of the. Egyptian Loan is
quoted le to prem.
At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Renter were quoted
70fr. Mo., being sc. better than yesterday.
Consols are officially marked 931 and 1 for
money, and 931 for the account. The present quo-
tation is 931 to both for cash and next Thursday.
The official business report is as follows :—Bank
Stock, 236 ; Three per Cents. Reduced, 94, 1 ; New
Three per Ceuta., 921, 1 ; India Five per Cent.
Stock, 1081, }, 1, 1 ; ditto Four per Cent. De-
bentures, 1864, 1001; Exchequer Bills, 18s., 21s.
prem.

Tho Turkish Loan of 1858 remains heavy, and,
after being marked 691, is now quoted 70 to 4.
The loan of 1854 is steady, at 834 to 4. Mexican
Bonds are well supported. This department
is quiet. Sales are recorded as follows :
Brazilian Four-and-a-Half per Cent.., 1860, 934 ;
Dutch Two-and-a-Half per Cents., 644 (exchange,
126.) ; ditto Four per Cent. Certificates, 99/, 4,
ex div. ; Italian Five per Cents., 664 (exchange,
25fr.); Mei lean Three per Cents. , for amount, 33},;;
Peruvian Three per Cents., foraccount, 824, exdiv.;
Portuguese Three per Cent.., 1853, 464 ; Rus-
sian Five per Cents., 1004, 991; Sardinian Five per
Conte., 811; Spanish Three per Cents., for account,
521; the Committee's Certificates, 7 ; Turkish Six
per Cents., 1854, 884 ; ditto for account, 834 ; ditto
Six per Cents., 1858, for account, 70, 694, 701 ;
ditto 1001. Bonds, 714.

The steamer Great Britain has arrived off Queens-
town, from Melbourne, but it is not known yet
how much gold she brings. Her advice' are to the
31st January.
The subscriptions to the new Egyptian Loan con-
tinue upon an extraordinary scale. The sum paid
into the Bank of England yesterday was 141,9191.,
representing applications for 2,830,3001. of Stock.
The aggregate subscribed for up to this evening is
6,708,7001., the total nominal amount of the lout
being but 2,196,2001. Sales, either ou speculation
or in anticipation of allotments, being pressed, the
price has receded to 7t to 11 prem.
The Paris correspondent of the Times has made
the following remarka . with regard to the Egyptian
Loan :

With reference to the Egyptian Loan to be brought oat
in London, I sin iuformed that certain houses in Paris en
tend, in 1860, into an agreement for Eve years for • similar
waltion with the Viceroy of Egypt, and they now aoesider
that they ham a right to claim a preference la Oa loan Is
question. The difficulty which Ins arisen between them
end his Highness in this matter is submitted to the arbi-
tration of M. Thouvenel, Minister of Foreign Affairs. I
have not heard that M. Thoavenel has give his decision,
bet until the claim be disposed of ow way or the other by
the arbiter &Cooped bj both parties, it would be well if the
English negotiators need cautiously in the affair.
In coneequenoe of this statement, the English
representative of the Vioeroy ham sent the unsex•d
letter to Messrs. Friihling and (keeben, the
agents to the loan, and it was posted up in the
Stock Exchange yesterday afternoon :
April; 1862.
Oentemen,—A paragraph Win appeared is the Tines
correspondence hem Paris in reference to the pending Egyp-
tian lose, which, if left without explanation, might preju-
dice the interest of those who have engaged la is,
It may be satisfactory to .you to be informed that the
question submitted to the arbitration of M. Thouvenel as
to whether or not " The certain houses in Paris Sr. **-
led in claiming to be the sole issuers of an Egyptian low,"
treeless itself into a claim or indemnity for loss of expected
profile, and can in no cam affect the validity of the security
offered by the Viceroy.
(Signed) Lauctmo,
Agent in England of the Viceroy of Egypt.
To Mesas. Endalieg and Gisehea.
According to a statement with which we have
been furnished, the matter stands as follows :—ln
1860 the Viceroy issued a certain number of "Bons
du TriSsor" (Exchequer Bills), of which he pledged
a portion with the Comptoir d'Eacompte, and
Messrs. Ch. Laditte and Co., of Paris. This is a
portion of the Boating debt which the present
loan, am the prospectus states, is intended to extin-
guisli. A stipulation was made that the Viceroy
should not issue any fresh bons du trtisor without
giving theComptoir d'Emeompte the option of their
negotiation. The Viceroy having afterwards issued
eerkis," or receipts, not transferable, as pay-
ment for supplies made to him, the above-men-
tioned. Paris establishment set up a claim against
his highness ; and, moreover, they deduce from the
stipulation that, "any further issue of Exchequer
Bills should be offered them in preference," a right
to the preference in the issue of any loan. This
has resolved itself into a claim for indemnity for
the lose of expected profits. M. Thouvenel has
been accepted as an arbitrator by the Viceroy, and
by the Paris houses, and is to decide as to whether
the Viceroy has failed in his engagement, and
therefore whether or not he is to pay an indemnity.
The decision of M. Thouvenel, whatever it may be,
can therefore only affect the purse of the Vioeroy,
but can in no way invalidate the present loan.
The amount of gold taken to the Bank yesterday
was 66,0001.

The Africa, from New York, has brought 41,0001.
in specie, and the Tyne, from Brazil, 13,6301.
The monthly return of the Bank of France will
be published on Friday next.

The private letters from Buenos Ayres express
great satisfaction et the prospect of • durable
both to Buenos Ayres and the Argentine
ronlederation, as well as of a steadily increasing
trade with England. The present packet brings to
Messrs. Baring Brothers and Co. a further sum of
15,000 L, which we believe completes the amount
due in July for the dividends on the six per cent.
and three per cent. stocks and their respective
sinking funds. This State seta an example of
punctuality in fulfilling her financial engagements
of which any country might be proud.
The Liverpool cotton market yesterday was very
firm. The transactions comprised 8,000 bales.

The Chartered Bank of British Columbia and
Vancouver's Island has been received with extra-
ordinary favour. The number of shares applied
for yesterday, the first day, is between 28,000 and
22,000, the entire capital consisting only of 12,500.
Numerous transactions took place in the shares,
. .

and the price, after touching 4 prem., "buyers,
closed at 3i to 31 prem. The directors have noti-
fied that no applications will be received after
Wednesday next, the 9th inst.

A respectably constituted undertaking is an-j
nounoed under the title of the Italian Irrigation
Canal Company. It is formed as a sociA4 anonym!,
with limited liability. The share capital is
25,000,000 francs, or 1,000,0001. sterling, in shares
of 201. each. The object is to carry into affect
what is described as a valuable and remunerative
concession granted by the Italian Government for
the construction of irrigation works in one of the
richest districts of Northers Italy. The main
canal will be 52 miles long, derive an inexhaustible
supply of water from the River Po, and irrigate
more than 300,000 acres. According to the compu-
tations put forward, the rental of the proprietors
will thereby be increased by no less a sum than
810,0001. per annum. The interest taken by the
Italian Government in the project is proved by its
having guaranteed a minimum interest of 6 per,
cent. per annum on the entire capital to be ex-
pended in the purchase or construction of the
canals, the preliminary expenses, and the
management and maintenance of the room-
pany's works. The government also guarantees
the repayment of the capital through the operation
of a sinking fund, applicable by annual drawings ;
and it is arranged that shareholders who shall be
paid off shall remain participators in any proilts
exceeding 0 per cent. during the remaining term of

the concession. G, achlition t., the share capithl,
bonds bearing 8 per cent. guaranteed interest will
be issued under authority of the government. The
project is stated to have been received with great
favour in Italy, where 20,000 shares are to be
. allotted, the number offered. in England being
30000.
The traffic returns to be published this week
oomparewith Easter week last year. The compari-
son is therefore disturbed. The Brighton Com-
pany's return shows a decrease of 3,77&., and the
South Eastern a decrease of 3,9001.
The receipts of the Great Western Railway of
Canada for the week ending the 21st of March
were 10,232/. sterling, being 3491. leas than in the
corresponding week of last year.
The Titan, paddle steamer, belonging to the
China and Japan Steam Navigation Compaug, and
• built by Lair!, sailed from Birkenhead ou the lltn
of March ; and another steamer, a screw, is tined to
sail at the end of the present month.
The annual meeting of the Great Southern of
India Railway Company is called for the 29th inst.
The particulars of the progress of the sinking
fund on the Brazilian loans are published.

Noirnsr Emmet'.
Console, which closed on Saturday at 93i to 94,
both for money and next Thursday's settlement,
opened awl closed to-day at 93J to 4. For the
May settlement the last price was 934 to 94. The
official businan report is as follows :—Three per
Cent. Consols, for money, 931, 94, 931, i ' • ditto
for account (April 10), 931 ; Bank Stock, 236,
2304 ; Three per Cents. Reduced, 924, ; New
Three per Cents., 921 1 ; India Stock, 2244 ;
ditto Five per Cent. Stock, 1081, j; ditto Four
per Cent. Debentures, 1864, 1004 • ditto 1864
or 9866, 1001 ; Four per Cent. "enlaced" rupee
paper, 904, 91 ; ditto Five per Cent., 1021, 103;
ditto Five-and-a-Half per Cent., 1081, 4.
The India Five Per Cent. Stock was last quoted
108 k to 4. The Five per Cent. rupee paper was
dull. Exchequer Bills remain steady, at 18s. to
21s. prem.
The foreign stock market was dull.
The shares of the Bank of Egypt and Ottoman
Bank were flat. London and South African Bank,
as well as Canada Land and RiodeJaneiro Improve-
ments shares were rather more offered.

closing quotations for ehare; in new under-
takings to-day were as follows :—Ocean Marine In-
suranoe, 61 to 71 prem. ; Thames and Mersey Marine,
1 2-16 to 111-16 prem. ; Universal Marine, 21616
to 2 13-16 dis. ; Loud= and Provissial Marine,
par tot prem. ; Mercantile Fire, to pram.
Commercial Union, to 1 dis. ; Imperial Bank, /to
11 prem. ; Indian Branch Railways, 1 to II prem. ;
Alliance Bank, 4} to 6 prem. ; Northern Counties
Union Bank, 21 to 21 prem. ; Italian Irrigation,
Ito prem. ; and Metropolitan Railway Carriage,
to I prem.
The new Victoria Loan was steady, at 104; to
1001.

MIXES:-{THIS DAY.)

Two o'CLocm.
The mining market today is rather inactive.
East Corn Brea shares are quoted 121 to 131 ;
Marko Valley, 94 to j ; Past Caradon, 341
to 35 ; Cook's Kitchen, 34 to 35 ; Roaerarne
United, 20 to 21 ; and South Condon, 325 to 336.
In the Stock Exchange Rest Candon have been
dealt in at 35 and 358 ; Rest Cam Bea, at 138; and
North Wheal Crotty, at 21 and 21.
Foreign and colonial descriptions are without
variation. Great Northern Copper (South Aus-
tralia) are officially marked die. ; and St. John
del Rey, 504
The directors of the Santa Barbara Gold Mining
Company (Limited) hay. resolved advices from
Brasil that the transfer of the prrpsrt had been
completed. The directors have theref ore resolved
tasend out the staff immediately, in order to com-
mence operations vigorously.
At the South Devon Don and General Mine meeting, on
Saturday, the resolution previouffily period, in Grour of the
, winding up of the undertaking, wee ocallrrned.
' From South Coadurrow Mae (April 5) the agent reports :
—" There is no change in may part of the mine since last
on. The men are making pretty good progress is
viol the crosscut south at the 50, the ground being
may.