The Express.
London, England, 1862-05-27 00:00:00

MONEY MAitliET.-(THIS DA}•)

Two o'Cwci.

The funds to-day are firmer, support being
found in the easier appearance of the money
market. Consols are quoted about 4 per cent.
higher than they closed yesterday. English rail-
way stocks are rather fiat. Business generally in
the Stock Exchange is very dull.
At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Ryden opened
at 70fr. 22c., being about the same as yesterday.
Turkish Loan Scrip is quoted 24 to 21 prem. ;
Egyptian, 1 7-16 to 1 9-16 prem. ; and Russian,
I to # prem.
Consols are officiallymarked 934, 4,and 4 turn div.,
for money, and 924, ex div., for the account. The
present quotations are 934 to 4, cuss div., for cash,
and 924, " buyers," ex div., for the 10th of June.
The official business report is as follows :—Three
per Cents. Reduced, 914, 4 ; New Three per
Cents., 914, 4 ; India Stock, 2284 ; ditto
Five per Cent. Stock, 1094, g, 4, it ;
ditto Four per Cent. Debentures, 1864, 991 ; ditto
Bonds, 265. prem. ; Five per Cent. " enfaoed "
rupee paper, 1034 ; Exchequer Bills, 10s., 14s.
prem.

The foreign stock market is quiet. The Turkish
Loan of 1864 remains quoted too} to 81, and that of
1868, 70 to }. Spanish Certificates have fallen ; the
last transactions are at 81 and Bi. Mexican Bonds
and Italian Five per Cents. are fairly supported.

Transactions are recorded as follows :—Brazi-
lian Four-and-a-Half per Cents., 1852, 1858, 1860,
93, ; Italian Five per Cents., 70i, 70 (exchange
25fr.) ; Mexican Three per Cents.. for account,
32, I ; Portuguese Three per Cents., 1853, for ac-
count, 45} ; Russian Five per Cents., 1862 (scrip),
prem. ; ditto paid up scrip, 92} ; Spiunah Three
per Cents., for account, 641 ; ditto Passive, 19i ;
the Committee's Certificates, Bi, f ; Turkish Six
per Cents., 1854, for account, 801, I ; ditto,
Six per Cents., 1868, for account, 701, 70 ;
ditto 1001. bonds, 71; ditto Six per Cents.,
1862 (scrip), ai prem. ; ditto paid up scrip, 704, j.
The demand for money appears to be subsiding.
Although in many quarters 3 per oent. is still
asked for good bills, transactions occurred yesterday
at 21. At the Bank of England the applications
were limited. In the Stock Exchange the supply
is large, and very low rates are taken for short
loans on good securities. _

It would appear that the remittances to Turkey
on account of the new loan will be effected during
the next week or two with less pressure upon the
money market, and with a smaller draught upon
oar stock of bullion, than had been apprehended.
It has transpired that about one million sterling in
bar silver is in course of transmission to:Constan-
tinople on account of the loan. This amount has
been contracted for in London during the last few
days, and is now delivered, or in course of delivery,
from the Continent. The whole is expected to be
sent from this country in about a week. Little or
no gold will probably be sent hence to pay for the
silver, as the transaction can be more advanta-
geously adjusted with the Continent through the
medium of bills, although this creation of paper must
naturally tend to influence tbs. exchanges adversely.
The price of bar silver is now be. 10. per ounce,
but is not expected to be maintained, owing to the
completion of the present operation. About
4,300,0001. in cash is believed to have been paid as
yet by the subscribers on account of the Turkish
Loan, and specie to the amount of about 2,000,0001.
has now either been despatched or provided. The
subsequent remittances will probably be made in
sovereign., but for the present, as already stated,
it is unnecessary to have recourse to the stock in
the Bank of England, and this is an.immediate
advantage.

About 80,0001. of the recent supplyfrom Australia
has been taken for Spain. The America, from
Boston, has brought 12,0001.
An instalment of 10 per cent. fell due yesterday on
the Italian Maremmana Railway Loan of 1,338,0001.
The effect of the American news at Liverpool yes-
terday has been a decided increase of strength in the
cotton market. Prices were quoted fully as high
as on Friday, and the transactions have risen to
5,000 bales.
An alteration was made yesterday in one of the
rules of the Stock Exchange, but it is only of interest
to the members. The time for payment on foreign
stocks or scrip shares is altered from three o'clock
to half-past two o'clock on account days only. On
other days the regulations stand as before.
The majority of the railway traffic returns to
bo published this week will probably show a con-
siderable falling off, as the comparison lies with
Whitsun week last year. The Brighton return
shows a decrease of 3,677/., and the South Eastern
a decrease of 1,6451.
- _ _

The Stock Exchange Committee have fixed
Monday, the 2nd of June, for the settlement in
the shares of the Indian Branch Rai' iny Com-
pany (Limited), which are to be =lrked iu the
official list. _ .

---
The Ottoman Railway (Smyrna to Aidin) Six
per Cent. Debentures lately offered having, been
all placed, the committee have authorised them to
be quoted in the Stock Exchange official list.
The directors of the London Chartered Bank of
Australia have issued a report, to be presented at
the meeting on the 6th of June. It is of a favour-
able character. The recommendation as regards
dividend, and an addition to the reserve fund,- bas
already been published.
A dividend court of proprietors of the Royal
Exchange Assurance Corporation will be held on
the 18th June.
A call of U. 10s. is ordered by the Court of
Chancery to be paid by the contributories of the
Professional Life Assurance Company by the 4:11 of
June. _ . .

_
The half-yearly dividends are advertised on
Swedish Provincial Mortgage Bonds and on Cape
of Good Hope Debentures.
The Bengal Huticant* of the 10th of April, re-
ceived by the last mail, contains an authentic re-
port of Mr. Laing's important speech on introducing
the Indian budget for the ensuing year. This is a
document of high importance both to Indian and to
many home interests.

.•
London agent, F. Algar, Clement's-lase, EX.

MONDAY Emma.

Consols, which closed on Saturday at 92k,
"sellers," ex div. for the 10th of June, opened and
closed to-day at 92 to 1. Fur money the last price was
N 1 to 1, cunt div. The official business report is
as follows :—Three per Cent. Consols, for money,
931, 1, cum div. ; ditto for account (June 10),
92/, ex div. ; Three per Cents. Reduced, 91/ ;
New Three per Cents., 911, L ; Thirty Years
Annuities, 1885, 151 ; India Five per Cent. Stock,
1091, 1 ; ditto Bonds, 20s. prem.
There was no alteration in the India Five pee
Cent. stock, which was quoted 1091 to 1. Exche-
quer Bills were likewise steady at 10s. to 14a.
prem.
Business in the foreign stock market was upon
only a moderate scale.
A general meeting of the Crystal Palace Com-
pany is called for the 10th of June.

A New TIAXWAY Proorscr•—An application
ben been made, os behalf of the proprietor of a novel style
of tram or street railway, to the Marylebone Council, for
pormiasion to lay down, as an experiment, 100 yards in
Oxfordatreet or some other public theronnisfere. Ti.
principle Intl said to be in operation in Salford, war Man-
chester, and obviated all the objections of Mr. Tildes tram-
way, no trams being above the surface, and the Caine ;Is
kept steady by a lifting °mitre wheel, running in a eon• -e
groove. A committee bee been appointed to consider the
application and report thereon.