The Express.
London, England, 1848-08-04 00:00:00

MONEY MARKET.

Tituasoax EVENINC
Opinion on the Stock Exchange becomes more de-
cided as to the probability of a French intervention
in Italy, and of the more general continental war
which could scarcely fail to follow in process of time.
Hence the depressed tone of the stock market, and
the gradual decline of the funds. Consols were done
as low as 868, and after a slight rally left off no bet-
ter than 864 to a, for money and time. Reduced
Threes were last quoted 864 to Three-and-a-
Quarter per Cents., 87 to 4. Long Annuities, 87,
to 1.5-16. Exchequer Bills, 375. to 41s. premium.
India Bonds, 30& to 345. premium. Bank Stock, 1968
to 84.
There was little doing in the foreign market, and'
quotations must be regarded as scarcely more than'
nominal for several stocks. Brazilian were 69 to 71.
Buenos Ayres, 20 to 3. Mexican, 17i to 18. Spanish
Fives, 11 to 4 ; the Threes, 214 to t ; Passive, 27,
to 3. Portuguese, 174 to 184. Dutch Two-and-a-
Half per Cents., 43 to 4 ; the Fours, 69 to 71.
Russian, 98 to 100. Danish, 66 to 70.
It transpired to-day in the City that agents from
the newly established government of Sicily have
contracted for the purchase of two splendid
steamers, to be fitted out as war steamers, from,
as stated, the Peninsular and Oriental Steam
Navigation Company. The steamers in question are
understood to have been built for running between
Marseilles and Alexandria, so badly served by the
French boats, but were thrown on the hands of the
company from the determination of this government
to take the service of the line and the Overland India
mail into their own hands. On tte confirmation of
the contract, which is daily expected from Palermo,
the new steamers appropriately equipped are to pro-
ceed to Sicily forthwith under the conduct of an ex-
perienced officer of the navy, there to be employed
for defenca against Naples. It would appear from
this costly operation that the Sicilian government has
been able to obtain the command of funds, and to
raise revenue, for the support of the new order of

things.
The continental papers have a report that the Bank
of England had offered a loan to the Prussian govern-
ment of an amount equal to ten miilion of thalers, or
say about one million and a half sterling, at 5 per
ant., but which was declined. It is scarcely neces-
sary to add that there is no foundation for the story.
The mint at Brussels has latterly been actively at
work in the c9inage both of gold and silver. About
40,0001. north of five-franc pieces in silver, and 25-
franc gold coins, had been struck off within the last
week. Some considerable quantities both of gold and
silver, more especially of the latter, are understood to
have been latterly taken, and to be still taking, from
the vaults of the Bank of England for remittance to
the continent. _ _

Notice is given, in a remodelled prospectus recently
issued for carrying out the some time suspended pro-
ject of the Great Indian Peninsula Railway, that the
holders of original scrip shares formerly issued, on
which five shillings was paid, may have them conso-
lidated into shares of 51. each (say one share of 51.
for each 20 scrip shares of ss. paid), which would
rank at once as shares paid up in full, and entitled to
the full divider dof 5 per cent, per annum, then to
commence running, which is the minimum rate gua-
ranteed for 25 years by the East India Company.
The alternative is afforded of " commuting " the
shares, credit to be given for the five shillings paid,
and holders are required to signify their option before
the Sist inst., or the option will be withdrawn, and
the shares forfeited. The company, it appears, have
made good the deposit of 30,0001. as caution money
with the East India Company, on which interest will
be allowed.

BSOLIBE
Bank Stock, ]O6ll
3 goer C t. Bed. Anus., 161 7 71
i
3 per CL Cons. Aeons., 1111 1 751
New 3i per et. Ann., n7l 71
Long
In Annuities, esp. J.A. 1810,
15
Ditto JU Yon. tip. Oct 10. 7890.
tl II 16

FUN DP.

fadis Fl:;;lde...ei.eoe, 33 30 pin.
Ditto, under .£1,030, 31
Cone°la for Account, 242 I 7 6
Elea. Bills. £l,OOO. Sid.. Hank
41; 2d., June, 34
Dtto, £.500, SI., June, 36 4
Ditto tlinall. 22d.. March. 40

TORNIO:4 FUNDS.
5 per Ct. Brazilian Bonds, Smallda bpsr Cent. Spantali Pamirs Bonds,
G per Ct. Buttme Ayr. Bonds, 21 3 2j
6 per Ct. Mexican, Acct., Aug. It, Dit
to,, Deferred,
Eaf 26 Ct. Dutch xchange,l2 pull,
6 per CL Rowlett Bondi, div. from 431
Nov., IMU, 11
F.XCHANOTA AND STOCKS ABROAD.
Hauer ao, Jolt Tr.—Hanoverian loan, be per Cents., 99; Rua
elm Ede per Cente.,M; Ruenarr•Engliall Loan 14; Ditto In CerUf., 634;
Onto. hteacllts and .Co. T 64 ; Dantah.N;Feh Lee& Three per
Ceuta, t 4); Swedish Loan. Your per OWL. : SpamfindoldaL
Tire per Cents.. 114: Ditto Three per Cont.. 1 .
Anseaman, Ave. L —Dutch Act. DM4 Twoondaultalf per Ceett..,
43 434 ; Ditto, Three per Cents.. 504 51 Ditto, Your pee Canto. 674 Mt.
Nrchanme : On Loudon, eight, 11.93; two month.. MVO. Hamburg,
debt, 35.25: two months. 35. Parte. eight. 5556.25:tw0 mouths. 50.06 25.
Ihediunt, three per ant.—lnland funds rather morn lavourable. The
Commercial Company dletdende nal Spanish funds tuner. Portu.
gums lo demand. Amtrian oonaiderahly higher. Ituarien and W the
other foreign (untie (moldable; although not much hualume was
transacted.

MEETINGS.—LIVERPOOL, MANCHRSTEU, AND
eente-reos-Terra.— Adjourned Meeting.— ,
Mr. Ff.•nee in the chair, who communicated to, the
.11
the Met of the bill for the diaselution of the
having been thrown out by the House of Fail,
=Bee. He advised that the subject of contirring or
tog the project should be well pounders I by the
by the next half-yearly meeting. A resolution fur mita.. %.
of the committee and the evidence wan mord apes
but an amendment was carried th it the printing of a.
dente by abstract or He exteure he left to the ".
the oirectors.—Mr. Mose spoke highly of the value if the
said that it wee emential to the north of Englund, and be
wig& were comprised in it, that it should be carried oat, je,.
ema bad so high an opinion of that he Sadanteed, a_
far only a portion of it. (" No, no,. from eral
did sot deny that Mr. Hudson had withdrawn hi, pr. ear 4
was from the dissentious amongst the eharehuidena eager
bear, hear.)—Mr. Parsons thought very favourably ut me' if et
saw nu prospect of bring earriod out in the present a;ge—,,,
mosey market. (Year.)—Mr. Atkinson asked on wnGi tenaLl
of due abortive bill were to fall.-1 he Chairman heetatea
Mi. question. After some other obPervations, it vr., m a„,i,aathe
and passed unanimougy, that this meeting adjourn a,5 1i
vote or thanks was passed to the chairman wheu the tareema4Z
P•itln AND ROUEN.-11aff.yeatto Afeettr.g
31.—M. de Mame in tee chair.—The director,' report, ejt,7r
misting the shareholders on the withdrawal of the inreeie,. 14/t
respecting the railway s, enter, fully into an account of tea 11
created by the revieration of February. "In safe,. it
comiderable diminution in the rece.pte, we have bee ;;;,,` -,t
/fh
these four months of Metres', ton pay off the greater tact
mews to order; to liquidate a considerable part of jour
aekail
by the investment on your obligations, or by the .tirp4i raie7a,„
maintain In bailee operation 111 the scrims of the u
in Mae, to resume the payment of the interint of pow.
Tucre still remains to un 4104 obligratiens of the hot Pee ie 711
cent., and 200 of the accond loan at 5 per mint. TliAniis to
Lion which we have made in your liabeni.r, and to toe eaearta
so which is promised tor by the progrem of our neergra.,`, -
by the aid 01 the obrigetions of your loans n mule it
to be able to reach the end of the year without brit$ „hired y`
an appeal is public credit. At that period our n tour
hope, be in Letter condition ; the working sr.!,
canal creditor of the estaleiahmere, and your properly, proveße
productive, will be secure in your hands. But te aga.aff -
result, we moot still delay the paerneut of rc
vidends overdue. and of that of the half-Uyear j,•11.
and, in line, to obtain from the state a delay in tt.e
interest due, and the reimbursement of lie tir.t term of gei:',,!!
14 millions, which has just bccume due. We idols.e to
tent to nettle the dividends in arrear, and that tit tie lea yee
knowledgmenta bearing interest at 5 per sent., the wad
latent 01 which will be fixed hereafter." The report ghee
anyy that the bond of directors have applied e the 41
1,500,04,nt, es an indemnity for the damage duet to to Me ega
revmution of February. They have Invides asked fur ■
1,300,00u1., in which would be included the intemet due, nee
the end of this year will amount to 806,0bef. Me. Tbs gape
gives an account of the results of the working
half-year. The diminution in the receipts lie Wei extrema.. •
Falling from all average of 25,333 f. 95e. per day, weal
yl
in February, 1817, to 9,152 f. 1111 r. hince the Mimes li,se-gui
paired, a marked improvement bus taken place,
Greg July 15, when that of Amieres was cogeletaPliti
general improvement bas been most m .eked since the Ti
uon of June. The receipt/4 have ,moulded to 2,e46,864,
and the expenses to 2,242,bJhf. Inc., haviug a sok
5e4,845f. 20e., which, with some other item., gave a sag „,
834,505 f. Mk. to be divided amongst the ohaeeh filers, or e
of bf. 80c. per share. The report cancludea by atecing to ugh
of the Dieppe line, which, it pays, in otter Mum, mightto be aiii3
of considerable augmentation la th • receipts. lest linen...
meducted on the mixed system, white) had already bees
with the Ftouen and Havre linen. 1 his report was re lied mg..,
mark of adiefaetion, as the injury done to too Me at born ea
derable sow Mee left little hope of a elieidend. A Callatr.ahaa
tr
ea,ued on the general &Moire or the compory. Afterwards ge
counts were panned, and the retiring directors, 3131. de l'Eapfe
Blouat, reelaglaL
OLDHAM ALLlANClS.—llcalysarly Meeting-0;
Aug. 3.—Mr. Edward Abbott Wright ta the chair.--Itie reported"
that the directors had obtained power. to extend the tom Grp,
chaeng land and completing the works for two pare, and Mum
works were consequently suspended. The money 10 band was at g
Wrest, and the directors bring anxious to distribute the unison:am
&hard had aso rimmed their pastel to do no, and scold have amp..
lion to that effect fur the seat half-yearly meeting. The mug, 6,
rectors were Mr. Ralph, Mr. Wright, and Mr. John Swith. These
counte stated the depopits to be 45,0L1VL, and interim sod bon le
transfers, 1,489/. 4s. 3d., making a total men ipt to 13,1851. ge
of which 13,6811. wren Ppent in obtaining the et of Wag,
ration, said 30,0001. had been loaned. Oder amines gum
9971. 195. 4)d.; and there am due for interest, or lima
in hand, I,eool. ten. 70.—The Chairman mined the rem, sej
afterwards explained, le answer toque-stage that Me grayling ke
lie lust half-year were on account ul cegagenaute previoely weft,
except for 2blll. for land and competes tam, which h.ey bid leg
obliged to expend in consequence co a previous arr.adnquest teklde
London and North-Western Company for a joint Linage at GM,
bridge. The 30,0001. wan a loan to the Lane:whim sod Tartlet
Company at 3 per cent. 'the term for which the hoe was ineggee
would expire in December next, bud the next half-jr arly,gergi
would be in February.—lo answer to a queatioe tr Sir. same.
scales, the Chairman declined to pledge Waved that the line NM
not be proceeded with between Dec niter and the next merger
February, but thought it was not probable. Toe 11,000 ea tea
carried—Mr. A. Taylor moved that the retiring directera, &Agra,
Mr. Ralph, and Mr. Wright, be reelicted. It was gad,
however, that Mr. Ralph declined to act, sad /dr. Jo6htta Eel
cliffe's name was substituted.—The Chairman declining to glidp
himself not to go on with the worke wi.hout the consent of a smut
of the shareholders, Mr. bummerstales moved, and Br. Itraflorl
seconded, an amendment adjourning we ineeuni; fur a tor4itii, a
outer that an explicit statement of the views of the now gaged
directors, some of whom were not present, might be elicited. I.lr.
manly, however, the chairman, having quilited Lis timmin
specting the future intention of the dirretors to a ladal Ibdtbq
would not proceed except under extraordinary circunaumes 'has
they did not expect to arise, the emendmerit was vrithdiseL 711
Chairman ade itted, however, during the discusiton that the IC
yearly meeting had been called earlier by several weeks ILA Ire ill.
tended, in order to defeat the peoceedime of a party aping me ohm
holders who mete seeking to die solve the company.— tee magna ea
then carried, an also was a motion for the renection of Mr. rata
-se of the auditors.

MISCELLANEOUS NEWS.—Puoougus op Sear=
Limns. —The Edinburgh .rd Northern is now open throughout. m
North British, Ilawick Branch, as far as llowshank, lli masks
Edinburgh, was opened on the let inst., and the heouautt Ildbada
the following day. The Caledonian branch to wet the Wei
Central, at Castle:dry, will be opened on the l'th imy w►os
journey from London to Montrose may be effected unthoutthougli
airtime&