The Express.
London, England, 1865-04-22 00:00:00

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Two o'Ctock.
The stook and share markets are generally firmer
to-day, some large purchases of the English funds
having been effected this morning, chiefly
in anticipation of a favourable budget on
the 27th inst. A large surplus is expected,
a considerable portion of which, it is believed, will
be invested in government securities. Consols
have improved 3 tot per oent., and some British
lines and foreign bonds, 3to 3. Financial shares,
however, continue inactive.
There is a good amount of business in the dis-
count market to-day, and the rate for the best
paper is maintained at 33 to 4 per cent.,
with exceptional transactions at 33. In the
Stock Exchange the [supply of money is large, and
the charge for short loans has receded to 2 to 3
per cent.
At Paris to-day, according to Mr. Reuter's
telegram, the Three per Cent. Rental opened at
67fr. 60c., being 50. lower than yesterday.
Console are now quoted 904 to 91 for money, and
91 for the account (May 9). The official business
report is as follows :—Three per Cent. Consols,
for money, 901, 91 ; ditto, for account, 91 ;
Three per Cents. Reduced, 893, 89, 3 ; New
Three per Cents., 89, 3, 883, 893 ; Annuities,
1885, 14 ; Red Sea Telegraph, 191 ; India Stock,
215 ; ditto Five per Cent. Stock, 107, 1063.
The foreign stock market is firm. Confederate
Bonds have risen 1 per cent., Consolidds and
Spanish Passive 3, and Turkish of 1862, Greek, and
Mexican 3. Some of the present quotations are an-
nexed, viz. :—Greek Bonds, 201 to 21 ; Mexican,
263 to 3 ; Confederate, 17 to 19 ; Spanish
Passive, 313 to 3 ; the Certificates, 161 to 3 ;
Turkish, of 1858, 703 to 713 ; ditto 1862,
73 to 1 ; and the Consolidie, 543 to 3.
Transactions are reoorded as follows t—Belgian
Four-and-a-Half per Cents., 1003 ; Danubian,
843 ; Egyptian, 1864, 94, 933, 3, ex div. ;
Greek, for account, 203, 3, 3 ; ditto Coupons,
for account, 83. ; Italian, for account, 643 ; Mexi-
can, for account, 283, I ; Russian, 1822, 90 ;
ditto 1850, 883 ; ditto, 1862, 921, 92 ;
Spanish, for account, 483 ; ditto, New
Deferred, for account, 413 ; ditto, Passive,
for account, 313, 3 ; ditto Certificates, for account,
163, 3, I ; Turkish, 1858, for account, 713, 703,
71 ; ditto, 1882, for account, 733, 73 ; ditto,
1001. bonds, 733, 3.
International Financial shares are now quoted
1 to 3 prem. ; General Credit, 2 to 3
prem. ; London Financial, 73 to 3 prem.; Imperial
Mercantile, 1 to 3 prem. ; Credit Foncier and
Mobilier of England, old, 43 to 5 prem. ; ditto,
New, 43 to 3 prem.; Hudson's Bey, 153 to 3
Egyptian Trading, 3 to 3 dia ; and Ottoman &Mad
Gdndrale, 23 to 3 prem.
The quotations for the shares; of some of
the new companies are subjoined :—Metropolitan
District Railways, 9 to 10 prem. ; Varna Rail-
way, 63 to 73 prem. ; Millwall Freehold Land and
Docks, 13 to 1 din. ; Moscow Gas, dis. to par ;
Anglo-Egyptian Navigation, 33 to 4 prem. ; and
Russian Iron Works, 13 to 21 prem.
HALT-Pen Two o'Cuocx.
Consols are rather flatter, at 903 to 3 for money,
and 903 to 91 for the account.
About 5,0001. in gold was sent into the Bank yes-
tsrday.
The Asiatic has arrived from Melbourne with
85,0001. in gold, and the America, from New York,
with 19,0001.
The foreign exchanges yesterday afternoon were
generally firm. The rate for bills on Hamburg
was slightly more favourable for this country.
The usual list is given below :
Amenwdans, 3 months, 11.194 to 3: ditto, 3 days,
ILI7 to 3 ; Rotterdam, 3 monad, 11.194 to 3 ; Ant-
werp, 3 months, 25.45 to 50; Hamburg, me. beam. 3
menthe, 13.83 to 94 ; Paris, 3 days, 2.5.15 221;
ditto, 3 months, 25.40 to 45 ; Frankfort-en•the-Maine, 3
:maths. 1201 to 3 ; St. Petersburg (per rouble), 3 months,
301 to / ; Vienna,months, 11.10 to 15 ; Trieste,
WIL to., 3 mouths, 11.10 to 15 : Madrid, 3 mouths,
41 44 1 Oaths. 3 months.' 49 to 1; Leghorn, 3 months,
25.524 to 574 ; Genoa. 3 months, 25.523 to 574 ; Milan, 3
nmeths, 25.523 to 574 ; Naples, 3 months, 25.524 to
571 ; Palermo, 3 nion, 25.521 to 573 ; Messina, 3
month', 25.524 to 574 ; Lisboa, 90 days, 511 to 3 ; Oporto,
90 days, 513 to 3.
The weekly return of the Bank of France shows
Ithe following changes :
Coin and bullion Demises £70,000
Bills discounted increase 426,000
Government deposits lnman 40.000
Notes to circulation
Private deposits
Advances
The decline in the coin and bullion is of no import-
ance. The increase in the discounts is satisfactory,
as denoting a little more movement in trade.
The rise in the price of cotton this week, which
lappears to have been based on the assumption that
in the event of peace no very large quantity is likely
to arrive from America, is in favour of better
divt-
dends on the liquidation of the estates of several
firms that have failed lately. A good deal of the cot-
ton included amongst the assets in these cases ham
doubtless been transferred to creditors as security
against their claims.
A general meeting of the shareholders of the
London, Hamburg, and Continental Exchange
Bank (Limited) was held yesterday, when it was
unanimously resolved, that the transfer of its
boldness to the " General Exchange Bank
(Limited)," be confirmed.
The thirty-ninth annual meeting of the Scottish
Provincial Assurance Company was held at
Aberdeen yesterday. The report by the directors
was unanimously adopted, the usual dividend at
eight per cent. declared, and the surplus carried to
the reserve fund ; 930 new life policies have been
issue°, assuring 461,8851., and yielding in new
annual premiums 13,9551. The annual revenue is
133,4551., and the accumulated funds 488,8001.
A third call of 5/. is to be paid ou the shares of
the English and Swedish Bank (Limited) by the
Ist of June.
A general meeting of the London Bank of Scot-
land will be held on Tuesday, the 9th May, to re-
ceive a report from the liquidators as to the pro-
gress made in the winding up of the affairs of the
company.
The Buenos Ayres Great Southern Railway Com-
pany have notified the arrangements in connection
with the payment of the half-yearly guaranteed 6
per cent. interest.
An order has been made for winding up the
" Palleg Anthracite Coal and Iron Company
(Limited)," by theme urt of Chancery. Mr. George
Scott, of Bond-couWalbrook, has been appointed
the official liquidator.
The Colonial and General Land Credit Company
(Limited) is announced, with a proposed capital of
1,000,000/., in 40,000 shares of 251. each, of which
one-half are to be issued in the first instance. It is
mentioned that the object is to carry on
" in the British Colonies and adjacent territo-
ries" the business of a Land and Credit Company.
Preliminary arrangements have been made for
buying estates in Natal and in the Orange Free
State to the extent of 300,000 acres in each, con-
sisting of grazing and agricultural land, on which
it is proposed to induce emigrants to settle. All
sorts of agency business, including that connected
with trusts and executorships, are also to be con-
ducted by the company, with the aid of local
committees.
A limited company has also been formed for the
construction of a Brighton Arcade." The plot
of land purchased is situated in West-street,
Brighton, parallel with the /Ends-road, and
the proposed arcade, which will be the
only covered promenade in the town, will
form a communication from West-street to
Middle-street it will be constructed of glass and
iron, comprise handsome shops, and be finished by

the ensuing season. The capital is 50,0001., is
2,500 shares of 201. each.
The subjoined is from the report of the directors
of the London and South African Bank, to be sub-
mitted at the annual meeting on the 4th May :
.

L The directors have the ssldaetice of submitting he
the shareholders the audited accounts of the company to
the 31st December, 1864. 2. After deducting ell chasten
for the post year, and providing for bad and doubtful debt%
there remidea a disposable balance of 26,9641. as. 4d. Pros
this rum 2,500/. will have to be placed to the reserve hese.
which will then amount to 18,0831.8 e. 3t ;sad 1,6081.8%
to preliminary expenses. At the sad of the next year His
latter amount will be closed. 3. Having nerd to the de-
mentia state of trade in the South African colostril, it
wee deemed prudent in October hit to declare en Maim
divides(' of 31 per neut. only, bet the mediatory retains
since repaired from the several brunches enable the dine.
tars to recommend for the approval re the ebanholders
dividend of 18e. per shame,which, with the payment made
is October, 1864, will be at the rat* of 8 per oast. per erw
num, free of income tax, leaving a balance of NU. 9s. 41.
to be curled kr ward to the profit and loss account for the
next ball-year.

FRIDAY EVIIIIING.
Consols, which closed yesterday at 901 to I for
the 9th of May, opened and closed to-day at 904
to 1. For money the last price was 901 to 1. The
official businees report lass follows :—Three per
Cent. Consols, for money, 9011, 1 ; far
so-
count, 9010 4 ; Three per Cents. Reduced, 881, 89 ;
New Three per Cents., 881, 89; Annuities, 1886,
14 1-16, 14 • Bank Stock, 240, 242 ; India Five
per Cent. Bt:ock, 1064, 1071; ditto Bonds, 17s.

prem.
The India Five per Cent. Stock was quiet
Exchequer Bills imam at Is. to 7s. prem.
In the foreign stock market there was a recovery
of 1 per cent. in the Confederate Loan, * in Egyp-
tian Bonds of 1864, and 1 in Turkish Consohas;
but, with these exceptions, heaviness prevailed, and
the course of prices was downwards. Danubian,
Italian, Mexican, New Grenadian, and Spanish
Bonds were all somewhat lower.
Bank shares were decidedly heavy, and a rather
general reduction averaging ss. to 10e. but in
some cases reaching 11. per share took place.
Hudson's Bay shares were last quoted to-day
151 to 4, being heavy ; Egyptian Trading, I to
die. ; National Discount, 1 to * prem. ; Joint-
Stock Discount, 3 to 2* dis., Ottoman Societe
Generale, 21 to I prem. • and Milap Improve-
ments, 51 to 61 prem. London and Si. Katharine
Dock stock improved 1 per cent., but a dboline took
place in Humber Ironworks, Marine Investment,
Quebrada Land and Mining, and Societe Financibre
d'Egypte shares.
The shares of the financial companies were rather
fiat, and in some cases a decline of 2s. ed. per share
took place. The closing quotations are annexed,
viz. :—lnternational Financial, 1 to la prem.
General Credit, 2* to f London Finan-
cial, 7 to 7* pram. ; Imperial Mercantile Credit,
1 to It pram. S Credit Foamier and Mobilise (old
shares), 41 to 5 prem. ; ditto New, 41 to* prom.
The closing (bat in some owes nominaD quota-
tions for shares in new undertakings are subjoined :
—Metropolitan District Railways, 9 to 10 prem. ' •
Rio de Janeiro Gas, 1 to 1* prem. ; South AM.
can Land and Finance, Ito 14 prem. • Russian
Ironworks, 21 to 3 prem. • Anglo-F.OI4IAD Navi-
gation, 3i to 4 prem., being again higher ; awl
Millwall Lend and Docks, to 1 die.
There was a fresh recovery in'Canada and New
Brunswick Government Debentures.
United States 5-20 Bonds have again risen pee
cent., closing at 651 to 66*. The demand for Vir-
ginia Bonds continues active, and a fresh rise of 4
to 5 per cent. has taken place.