The Express.
London, England, 1865-04-11 00:00:00

MONBY Arsmare-min DAV
Two o'Cwci.
The stook markets are spin firm to-dsy, with
a favourable tendency. The English hinds have
risen t to I per cent., and an improvement has
taken plops in some of the speculative foreign
stooks. As regards home railways firmness pre-
vails, and prices Lave not varied to any important
extent, Attention is directed to preparations for
the fortnightly settlement, which have commenced

to-day.
Tbe supply of money seeking employment in the
discount market is very large to-day, while few bills
are on offer, some being apparently kept back upon
the idea of the Bank reducing the rate on Thursday.
The general charge for the best paper is 31 to
per cent. Short loans are freely offered in the
Stank Bachange at 2 per cent., but without finding
borrowers.

At Paris to-day, according to Mr. Reuter's
telegram, the Three per Cent. Rental opened at
67fr. 750., being se. better than yesterday.
Consols are now quoted 81} toll for money, and

91} for the aocount(fitay 9). The official business
report is as follows :—Three per Cent. Consols,
for money, 91}, 1; ditto, for account, 91},
; Three per Cents. Reduced, 89}, ; New
Three per Ciente., 89}, g ; Bank Stock, 242 ; India
Five per Cent. Stock, 107, 106} ; ditto Four per
Cent. Debentures, 1866, 993 ; llve-and•a•Half per
Cent. "entered" rupee paper, 109 ; and Nachequer
Bilk, tk. prem. -

Foreign stocks are firm, and in some cases
rather higher. Turkish Congolid& have risen
per cent. owing to the arrival at Paris of a financial
envoy of the Porte, and Greek, Spanish Passive,
and Mexican, about }. Confederate Bonds are heavy.
Some of the present quotations are annexed,
viz.:—Greek Bonds, 21} to } ; Mexican,
274 to 11; Confederate, 31 to 33 ; Spanish
Passive, 324 to 4; the Certificates, 174 to } ;
Turkish, of 1858, 72 to 4; ditto 1862,
74} to 4; and the Consolidds, 544 to 554.
Transactions are recorded as follows :--Brazilian,
1862, 1868, 1860, 83} ; ditto, 1863, 824, 814, ex
div. ; Danubian, 831 ; Egyptian, 1864, 95, ex div.;

Greek, 211; Italian, 641; dittoMaremmanaßailway,
68* ; ditto 1865, scrip, 3*, 1, dis., ex div. ;
Mexican, 27/ ; New Granada, 131 ; Portuguese,
1856, hc., 481 ; Russian, 1822, 891 ; ditto 1850,
88; ditto 1862, 91*, 3 ; ditto 1864, 91, ex div. ;
Spanish Certificates, 17* ; Turkish 1858, 72 ;
ditto 1862, 1001. Bonds, 741, ; ditto Guaranteed,
991, ; Venezuela, 1864, 371, ex div.
International Financial shares are now quoted
11 to prem. ; General Credit, 2 3-16 to 5-16 prem.;
London Financial, 71 to 1 prem.; Imperial Mer-
cantile, 11 to prem. ; Hudson's Bay, 151 to 1 ;
Ottoman Eloci6t4 °emirate, 2* to 1 prem.
The quotations for the shares of some of
the new companies are subjoined :—Metropoli-
tan District Railways, 9/ to 1 prem. ; Atlan-
tic Railway (debentures), 3to 5 prem. ; China
Steamship and Labuan Coal, 3 to 2 dis. ; Rio
Janeiro Gas, 1 to 11 prem. ; West London Docks
and Warehouses, Ito 0* dis. ; Varna Rail-
way, 42 to 5/ prem. ; Millwall Freehold Lind and
Docks, * dia. to * prem.; South African Land,
to 1* prem.; Anglo-Egyptian Navigation, par to 1
prem. ; and Russian Iron Works, 11 to 21 prem.
It is decided by the Committee that the Stock
Exchange shall be closed on Easter Monday (the
17th inst.), the day fixed for the volunteer review
at Brighton.
About 3,0001. in gold was sent into the Bank yes-
terday, and further amounts are expected to be
taken there. The withdrawal of 39,0001. on Friday
was quite an exceptional operation.
The screw steamer Great Victoria has arrived
from Melbourne with 68,0001. in gold.
The amount of government bills on India, for
which tenders will be received at the Bank of Eng-
land on the 19th inst., will be rupees 30,00,000
(300,00014
A telegram from Bombay, dated the sth iost,
states that the quotation for bank bills was
is. 11 13-16 d., showing apparently a movement in
favour of England.
The application for the appointment of a settling
day in the shares of the Varna Railway Company
came before the Committee of the Stock Exchange
yesterday, and, after considerable discussion, was
adjourned for a fortnight
The Brighton Railway traffic return shows this
week a decrease of 6811. compared with the corres-
ponding week of last year.
The receipts of the Great Western Railway of
Canada for the week ending the 24th ult.. were
8,8061., against 15,6531. for the corresponding
week of last year. The decline is accounted for by
the fact that a bridge over the Genessee River, on
the New York Central Railroad, has been carried
away by the floods, which has interrupted the
through communication.
The preference stocks of the London, Chatham,
and Dover Railway„Company continue to meet with
inquiry, and all classes are scarce in the market.
Within lees than a month this company's ordinary
and first preference stocks have risen 3 to 4 per cent.
The rise in the Metropolitan Extension 6 per cent.
B stock is likewise 3 to 4 per cent., and in the 6 per
cent C stock as much as 9 per cent. The contrac-
tors for the Metropolitan Extension are bound to
pay 6 per cent. upon the capital until a year after
the lines shall have been opened. The special value
of the Metropolitan Extension lines will consist in
their forming a link between the railways
north and south of the Thames, and in this
aspect it would be imprudent to attempt
to fix a limit to the traffic that may ultimately
come upon them. It is only by such railways that
passengers travelling from the North to the South
of England can escape the inconvenience and delays
which must attend pluming in cabs and omnibuses
from one metropolitan railway terminus to another.
The gain to the public will be equally manifest if
regard be had to the immense amount of goods
traffic which constantly passes from north to south
of the Thames and vice send. At present. the me-
tropolis, with its over-gorged streets, represents
the thin end of a double funnel, towards which con-
verge vast streams of traffic both from the north
and the south. It is perfectly absurd, for example,
that the hops of Kent cannot pass to the breweries
at Burton-on .Trent, except by performing
• difficult and toilsome progress through the
streets of London. Under any other regime than
ours • remedy for this state of things would have
been provided long ago. As it is, we must be
grateful for the relief which such a line as the
Metropolitan Extension of the London, Chatham,
and Dover Railway, connecting, as it does, the
northern and southern network of railways, is cal-
culated to afford.
The prospectus of the Rnsaian (Vyki0111111ky)
Iron Works Company (Limited) is issued, with a
proposed capital of 500,0001., in 25,000 shares of
201. each, of which 15,000 are to be issued in the
first instance. The object is to acquire some iron-
works
which have been in operation for a long period
at Vuicksa, in Russia. It appears that the estate
extends over an area of 406,000 English acres,
270,000 of which are covered with timber,
The purchase money is 60,0001, in addition to
which a sum of about 35,0001. is to pay
off existing charges on the property,ne
aleanil7o,oooi.
will be required for working capital, making
together 165,0001., the amount now proposed to be
called up. The present net profit is put at 60,0001.,
with regard to which the prospectus states as
, follows 'By arrangement with the proprietoss,
and hypothecation or mortgage to the company of
their reserved interest in the estate, 87,000 roubles
(11,0001.), being about 7 per cent, per annum upon
the whole capital proposed to be called up, is gua-
ranteed to be first paid to the shareholders of the
company ; of the surplus profits (378,000 roubles
or 0,0001) three-fifths will belong to the present