The Express.
London, England, 1856-04-26 00:00:00

MONEY MARKET.--THIS DAY.

Two oTioax.
The reports that a new loan is at hand coo-
ties. to exercise a depressing influenee upon
the Stock Exchange markets. Prices are
lower In nearly all department. The funds
have sustained a fresh fall of Ito per cent. I
Console for the Bth May were quoted during part of '
the morning 921 to ), and now stand at 921 to f. For
money the price is 921 to 1. The Three per Cent.
Reduced have been dealt in at 911 to ; the New
Three per Cents. at 911 to 92; India Stock at 228 ;
Exchequer Bonds, 1858, at 981 to 1; Exchequer
Bills, March, at par to 31. prem.; ditto, June, at 4r.

to 2s. dia.
Foreign stocks are, in numerous cases, lower.
Turkish Six per Cents. have fallen to 98a to 1 ez
div. The other sales included Turkish Guaranteed
Four per Cents., at 1011 to 4; Brazilian Five per
Bents., 1829 and 18°9, at 98; French Four-and-a-
Ralf per Cent. Rents', at 931 r. (exchange
25fr. 40o.); Mexican, at 21; to i ; Rus-
sian Five per Cents. at 1051; bardinian at 941 to
95; Spaniqh Old Three per Cents. a• 44 to 441; and
the Committee's Certificates at 5 per cent.

Is 111
2 1 I

The Beam& has arrived today from Port Phillip,
with 18,000 ounces of gold on freight, worth about
72,0001. The dates by this veers' extend to the 31st
of January, and are, therefore, later than those pre-
viously received.
The Anglesey has arrived from Melbourne...home
die sailed on the 20th of January, with 61 319 os
of gold on freight, worth upwards of 206,0001.
The wheat market yesterday was firm, and last
Monday's rates were folly supported. The provincial
markets also teport firmness. The French markets'
soutiuue to rise. At Paris the advance in tiur riche
hot Saturday amounts to nearly 10 per cent., viz.
from 80f. to 88f. (equal to 57.. 2cl. per 2801bs. Yea-
terday wheat rose in Paris about 40. per v.
With the conclusion of peace, the convention en-
tered into with the Austrian government for extend.
log the Lombardo-Venetian lines of railway under
the designation of the Central of Italy Railway, has
been finally ratified. These two great undertakings
are thus definitively thrown into the hands of one
powerful company, embracing some of the most in-
fieential capitalists of England and the continent.
The Central of Italy Railway, consisting of 280 kilo-
metres of new line, will be constructed by means of
an issue of 150,000 bonds or obligations, of
the nominal amount of 500 franca or twenty
pounds each, and reimbursable at that rate by
antortimment in annual series for 90 years. Emil
obligation will bear 16 tr. per annum interest, pay-
able half yearly. The issuing Firm will be 270
ft. per bond, with interest from the Ist of May
next. These terms are calculated to be equal to 51
per cent. per annum interest, in addition to the
large. bonus from the annual drawings. One oblige.-
don is to be allotted with every two sharer, the de-
posit being 70 tr., or 21. 113 e. per obligation. In-
tend on the whole 270 fr. will accrue from the
let or May. This interest, whisk is specially gua-
ranteed for 90 years by Austria, though partly ar-
ranged with ether Italian government', is to be pay-
able at Vienna' Milan, Paris, and London. The
whole of this arrangement depended on the
dd id ratification of the Central Italian concession, which
a ratification has just been effected. The arrangement
_. • _ .

connected with the share capital of the company have
been already described in the Express. To re-
capitulate the shares will be 300,600 in number, of
201. each, for which certificates to bearer will be
given on payment of 30 per cent., or 61. per share.
No further call is to be made on the shares for 12 or
18 months. It is calculated that the construction of
the Central Italian lines by means of bonds will mate-
rially benefit the holden, of the shares, inasmuch as
these holders will receive the profits accruing on the
bonds over and above the guaranteed rate of interest.
Transactions in these securities are extensively ear-
ried on at Vienna, where they command a high pre-
mium. The arrangements for placing them on the
London market are nearly completed.
At the meeting of the Royal Swedish Railway
Company yesterday, the report of the Committee of In.'
vesigation was received, but, with the consent of the
committee, the meeting was adjourned until Tuesday
next, to enable the proprietors to have a copy of the
report, and to allow time for consideration of the
financial scheme which is proposed by the committee
for the resuscitation of the company, end for the
completion of the undertaking. The election of
Messrs. W. Chaplin, M.P., Close, Tattle, and G. E.
Seymour, as new directots, was unanimously carried,
but some opposition was raised to Mr. Miller, upon
the ground that he had voted against an investiga-
tion at the meeting in February, at which Mr. John
Sadleir presided. On a show of hands, however,
Mr. Miller's election was carried. These five
new directors are empowered to add two to their
number, and to elect five directors in Sweden,of whom
one is to be an Englishman. The late directors all
resign in favour of the new board. With reference
to the old directors it was stated that, however
blamable they may be for past neglect, which has
led to so disestroos a prostration of the company's
affairs, they retain a large. interest in the enterprise.
It was mentioned, for instance, that Mr. James
Rhodes has duly paid up his calls upon 1,700 shares
which he still holds, and that he has never received
a fee since the commencement of his directorship.
Great praise was awarded to the committee for
their la'sours, and for the comprehensive and lucid
report presented to the meeting, but considerable
objection was started to the proposed creation of a
preference stook bearing so high a rata of interest as
7 per cent. for five years, and 6 per cent. afterwards.
On the other hand, however, it was urged that these
new securities will be offered to the existing sharer
holders. The committee laid great strew epos the
necessity of immediate action, in order that the
pressing liabilities of the company may be met, and
sufficient capital provided, for the completion of the
46 miles of railway now nearly in working order.
Subscriptions are invited here for 8,000 shares of
the Bank of Upper Canada, the head office of which
is in Toronto. This bank was established in 1822,
with a capital of 100,0001. By an act passed in
1864, an increase to one million was authorised. It
is stated that during the last thirty years the divi-
dends and bonnets paid to the shareholders have
averaged fully 9 per cent per annum. The reserve
fend stands at 76,4381. Oa the 17th September,
1865, the amount of capital paid up was 602,8501., is
shares of 121. 10e. (currency) esob. The greater por-
tion of the balance of capital not subscribed at that
date has since been raised on shares issued in Canada.
The 8,000 shares are now offered at 5 per ant. prem.,
or tot. 16s. Pd. sterling per sham. The deposit is to
be 64 15s. 9d. per share. The dividend' are to be paid
in London, free of cost, at the par of exchange.
We are given to understand that the proposal for
purchasing the Liens and Turupout Railway will
not be persevered in by the directors of the Antwerp
and Rotterdam Railway, in deference to the expressed
wish of a large number of the shareholders.
The return of the Bank of England for the week
ending Saturday, April 19, when compared with the
previous return, shows the following results :
Oieenistion Issue
Circulation active 20,014,605 Increase 4,615
Public deposits 2,961 763 Demme 484,383
Other deposits
Government securities is
banking department 13,117,833 Increase 199,396
OUNTlNCltritiel in basking
department
(loin end bullion in both
departments
,oven day and ether bills 796.07 Declaim* 12,903
The Best
Notes in memo
The subjoined exhibits the extent of the week's
variations at one view :
POS. deposits decrease £484,583
Other deposits decrease 407,078
Notes sad bill in circulation :
decrease .. 8,388
Rest
On the other aide of the account:
Geyer:meat secarities..ineresse.. 129,399
Other securities
Co and bullies