The Express.
London, England, 1865-04-28 00:00:00

MONEY MARKET.-{THIS DAYJ

Two o'CLoci.
The stock markets to-day are quiet, and devoid
of animation. Now that the budget has been
announced there have been a few sales

for account of speculators who had bought

in anticipation of this event, and the con-1
sequenee is that the funds have declined 1 per
cent., although Mr. Gladstone's statement of the
condition of the finances seems to be generally
considered as favourable as could reasonably have

..----- _
been expected. Most other securities are steady,
at yesterday's quotations. This is the half-monthly
settling day in shares and foreign stocks.
The demand in the discount market is not very
active to-day, but in the Stock Exchange there is a
strong inquiry for short loans on English Govern-
ment securities, and the rate has risen to 4 per cent.
The charge for advances on foreign stocks to the
next account is 5 to 6} per cent. The quotation
for the best paper in Lombard-street is fully equal

to the minimum at the Bank.
Console are now quoted 901 to 1 for money, and
901 to 91 for the account (May 9). The official
business report is as follows':—Three per Cent.
Consols, for money, 91, 4, 901 ; ditto, for account,
91, 4 ; Three per Centa. Reduced, 891, 1,
; New Three per Cents., 891, 4, 881 ;
' New Two-and-a-Halflper Cents, 731 ; Bank Stock,
' 2401 ; India Five per Cent. Stock, 1061, 107 ;
ditto Bonds, 195., 15s. prem. ; Five per Cent.
" enfaced" rupee paper, 1021 ; and Exchequer
Bills, ss. 4e. prem.
Confederate Bonds have again declined 1 per
,cent, but with this exception, foreign stocks
present little change. There is a decline of 1 in
Turkish Oonsolidde, and 1 in Greek Bonds, but an
improvement of 1 in Spanish Passive and Certificates.
Some of the present quotations are annexed,
viz. :—Greek Bonds, 201 to 214 ; Mexican, 261 to
; Confederate, 12 to 14 ; Spanish Passive,
301 to 311 ; the Certificates, 161 to 171 ; Turk-
lab, of 1858, 70/ to 714 ; ditto 1862, 724
to 731; and the Consolithis, 54 to 1.
Transactions are recorded as follows —.Brazilian,
1862, 1868, 1860, 831 ; Buenos Ayres, 911, 924 ;
Dutch Certificates, 961, ex div. ; Egyptian, 1864,
931, ex div. ; Greek, for account, 21/ ; Mexi-
can, 261 ; ditto for account, 261, 1 ; Russian, 1862,
93, 924 ; Spanish, for account, 48 ; ditto Passive,
for account, 314 ; ditto Certificates, for account,
17 ; Turkish, 1854, 91 ; ditto, 1858, 71 ; ditto
1863, 73 ; ditto 1001. bonds, 734.
At Paris to-day, according to Mr. Renter's
telegram, the Three per Cent. Beiges opened at
67fr. 35c., being sc. better than at the close yes-
terday.
International Financial shares are now quoted
1 to 1 prem. ; General Credit, 1 15-16 to 2 1-16
prem. ; London Financial, 61 to 74 prem. ; Imperial
Mercantile, 1 1-16 to 3.16 prem. ; CreditFoncier and
Mobilier of England, old, 31 to 1 ex div. prem. ;
ditto, new, 34 to 4 ex div. prem. ; Hudson's Bay,
154 to 1 ; and Egyptian Trading, 1 to 1 dis.
The quotations, for the shares of some of
the new companies are subjoined :—Metropolitan
I District Railways, 9 to 10 prem. ; Varna Rail-
' way, 7 to 1 prem. ; Millwall Freehold Land and
Docks, 11 to 14 dig.; Moscow Gas, par to 1 prem. ;
Russian Iron Works, 2to prem.; Anglo-
Egyptian Navigation, 3 to 1 prem. ; Plymouth
Shipbuilding, 11 to 21 prem. ; and Lion Brewery,
24 to I prem.
The arrival of 461,0001. in specie is announced
to-day—the Seine, from the West Indies, having
brought 427,5001., and the Yorkshire, from Port
Phillip, 33,5001.

Fova o'CLocc

Consols are quoted 901 to 91, both for money and
the account, being rather firmer in the former in.
stance, compared with the quotation current at 2
o'clock. No bullion transactions have occurred at
the Bank.

The following is from the report of the directors
of the Chartered Mercantile Bank of India, London,
and China, to be submitted at she annual meeting
on the 16th of May.
The directors have the pismire of presenting to the share-
holders the audited Wows-sheet, and profit and loss ac-
count of the beak, few the year ended 31st December lest.
After providing for all bad sod doubtful debts, and defray-
' log expose* of management at all points, the net profit
amnete to 126,0821.15. Id., to which has to be added a sum
of 705,8311. 11s. ?A. undivided profit brought forward from
the preceding year, making a total of 201,9131. 12e. 3d.
Out of the above total 135,1531. ss. has been paid in two
half-yearly dividend', mskiog together 20 per cent. on the
paid-up capital of the bank. The unappropriated balsam
of 65,7601. 70. 341, is carried forward to the profit end loss
seseust of the current year. Tbe last hotelmen% of 121. 10e.
per sham, des 2ed January last, upon the tom thousand sew
abates issued lst December, 1863, has been paid. The
News's Ellis and Tuticorin agencies have been closed, the
regales sot answering expecta, and for a similar reason
the Mauritius breach will bed dat the end of the our-
mat year.
An event of considerable importance to the
brewing trade has just taken place in the
issue of the prospectus of the Lion Brewery Com-
pany (Limited). The object is to acquire and ex-
tend the old and highly remunerative business of
Messrs. Goding, Jenkins, and Co. Large fortunes
have been realised by the partners in the concern,
and, as they have now all died off, except one, the
conversion of the undertaking into the joint stock
form, with limited liability, is naturally suggested.
There are many points about the affair which re-
move it from the category of ordinary joint stock
companies, not the least important being that
the sum (40,0001 ) to be paid for the goodwill
represents only about two years' .urchase of the
net profits : the amount of the g. will, moreover,
is to be taken in shares. The full details with
regard to the purchase money are subjoined :
The purchase money of 306,0411. 171. M. tasterles
199,565 t. Os. 6d., the working capital actual in the beld-
am ; the plant, the freehold end
wok, book &Ma, ko. The purchase mosey slabooulaidlis
lie mum of 43,5781.35. 64., ash sad good bills of exchange
'la head on the 31st Danaher to meet liabilities
mermatlas to 46,0411. 17e. 6d., which are emittaned by the
( ;
ated the sews psedta from the let January, 1865
to yisid at least 10,00014 ; the goodwill sad all
prelimisuy expenses, excepting those of the verification of
titles and actual treaders el the various properties to the
ermipsay.
All the figures connected with the transaction have
been carefully verified. It appears from them that,
assuming that no incr./us of profits accrues, there
will be, after paying interest on the preference
capital, a divided of 12 per cent. on 180,0001., the
amount of ordinary capital which it is intended to
call up in two years, The energetic endeavours of