The Express.
London, England, 1858-05-04 00:00:00

got a good bargain, and that the Chancellor of the
Exchequer would have obtained better terms had he
either appealed to the open market, or permitted
existing holders to convert their bonds into the new
securities. This inference derives the strongest pas-
'side confirmation from the flat that the Three-and-
la-Half per Cent. Exchequer Bonds, which expire in
May, 1839, command at this moment 1 per cent.
premium in the market. Deducting this 1 per cent.,
it is clear that this eerie' would yield to an investor
at present prices only about 21 per cent. per annum,
and these Bonds are so scarce thatit is impossible to
purchase any large amount. This comparison rots-
den it almost certain that. had the government
offered the new bonds at 3 per cent. interest to the
holders of the expiring issue, or to the general
public, the whole amount would have been imme-
diately taken. We shall not be surprised if the
arrangement now announced excites a good deal of
dissatisfaction amongst present holders, who are
about to be paid off at a time when it is most diflicalt
to re-invest upon advantageous terms.
The variations in the funds to-day were not of im-
portance. In the morning dulness prevailed, bet
towards the close a firmer tendency became observ-
able, and the 4 o'clock quotations were about per
cent, above those of Friday. The dealers were prin-
cipally occupied with preparations for the approach-
ing monthly settlement in Cooed'.
The other departments of the Stock Exchange
were well supported, owing to a continuance of in-
vestments upon a moderate scale. Some descrip-
tions of English railway stocks prove scarce in the
market for immediate delivery.
The large mass of India bills now arriving at ma-
turity seem to have been well met. The general
demand for money to-day, partly in preparation for
to-morrow (the 4th?, was to a bAr extent, and led to
rather more numerous applications at the Bank ; but
in the open market first clam bills are still discounted
as low sa 21 per mat.
Consols, which closed on Friday at 973, both far
money and next Thursday's settlement, receded this
morning to 971 to 1, but improved towards the
close, and were quoted at 4 o'clock 971 exactly.
For the 3rd of June, the last price was 97e to The
exact rats of "continuation" was 3-16 "takers in.*
After the recognised hours the market was a shade
flatter. The official business report is as follows
Three per Cent. Consols, for money. 971, 3,3, 3 ;
ditto, for account (6th May), 973, 3,1; Three per
Cent. Reduced, 951, 96, 963 ; New Three pa.
Cents., 96, 931, 963, 951, 96; Thirty Years An-
nnitiee, expiring in Oct., 1859, 11 ; 'Thirty Years
Annuities, Jan., 1880, 11 1 15-16; Bank Stook,
2221; India Stock, 223; India Four per Cent. Loan
Debentures, 1003, 10011 ditto, scrip, 10010001.
The new Indian Four per Cont. Debentures were
quoted 1003 to 3, and the scrip, 1001 to 1.
The March Exchequer Bills were dealt in at sea.
to 395. prem. • the June Bill at 33a. to 36e. prem.;
and India-Bondi at 17s. to 21s. prem.
The foreign stock market retains an upward ten-
dency. Venainelan and Buenos Ayres Bonds were in
request. st advanced prices. Turkish Six per Cents.
improved to 1 per cent, in the afternoon, dosing at
983 to 1. The Guaranteed Four per Cents. may
be quoted 1043 to 3. Dutch, RIIOIII4III, Sardinian,
Portuguese, Peruvian, and Brazilian Bond, are all
in fair demand.

The Swedish Font per Cent. Provincial Mortgage
Loan was also officially marked 834. The next dint-
deed falls due on the let of June.

Numerous investments continue to be effected is
Colonial Government Bonds, which remain very
firm. Victoria Government Six per Cents. exhibit a
fresh advance of 1 per cent.
The nominal closing quotations far the shams in
some undertakings of recent formation are as fel-
lows, vitt. :—Onde Railway, par to & pram.;
Central Gude Railway', par to I meta.; Great
Southern of India Railway. 3-16 to 6-16 prem. ;
North of India Tramrosd, par to prem.; Riga and
Dunaburg Railway, I to 1 prem.; Victor Ben-
manual Railway Bonds, 1 dis. to par ; Caps Town
illailway and Doek, 3 prem.

MIN.E.S.-THIS DAY.

Two o'CLoai.

Rather more business is going forward is IC.
raising market, especially as regards shares in
Wheal Edward, East Raise, Providence Mines, and
West Par Console. The alteration in prices is un-
important. East Wheal Russell shares are a shade
Satter.

St. John del Rey shares have been dealt in at
in, this being the only transaction in foreign miner
officially reported in the Stock Exchange.

The Bacon- ci annual meeting of the Rork sod Canada Lead
Company k celled for the 10th inst.
Creditors of the Bait Dees Coal sad Iron Yining Com-
pany are reqsinsi to prow Ask claims before Via* Chan-
coDor lindereley, who proposes on the 10th inst. to appoint
ea odds, mesegsr.
A panties for the winding op of the Lirsosedge Iron Coos-
puny is misted to be Mari before the Master of the Bells
Coos-
pa
the 7th Inst.
The Vase/ ?soy Übe set Minds, Madre se Idiom e-41 Sew*
LIL 17a par *kW* toes MIS. per taa, ; loon et IL
pee lc* DM Teal Da fa
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itstet
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peetleo let* le Norte[
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ftos prune bare* We leas ems ft ems
reader her We rim see, berg mg bow 10*11 Sews* sou: al
oldies Me rim *de Isebuse thorn amber ewe et ear. 110
of the owe Woo leek Orr a blow we tee well. bwl nee
awls fa toe beta We Erse la the U 0 anionnit. m. ..s
ere sad stem et U•s• Werise eur lei ea restts al W. in
to. per& The ft We 101 b dbordent bu Miranda(
gores out. We Wu ownwesosi • oboe below Ode bed
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loSe liebeWs fie et Se b woe or
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b arbor Ws lobar lesoleol bow We scoot aft
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s ern ilia la WS kis it We end; * oirsori of • Woe
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(146 —"As the Work ea Wore* peal et Ws is II
*Wee erld• oreprod et seredle. D. pod war, • We
boos Cr sus ewer* et the lede Or bisiellea Nun Ito *bus
on* someneei Mw bel met lben le warm ref le nowt
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Seto Wale lc slime ann. an yloidlai • testa verb fee So
tW foneerly.
•

MONDAY SVINI7IO.
Owing partly to the firmer appearance of the
market for tin, which has resulted in the announce-
ment of a rise of 61„ per ton in the prioe ot2 English,
tin mining shares meet with more demand, and sew
vary firm. The inquiries to-day extended to sharer
in Vale of Towy, East Basset, North Down' Pro-
vidence Mines, Wheal Margaret, and Par Down',
Annexed are some of the quotations current at the
close, vie. —East Wheal Rumen, 61 a #; Lady
Bertha, 10s. to 21s ; Bortridge Consols, if to if;
Wheal Edward, of to f t W at Basset, 22f to 24;
North Basset, 101 to f; Providence Mires, 66 to
70 ; and Wheal Margaret, 63 to 116, Great Beath
Tolgne shares showed &snow,
In foreign mining shares there was no movement
of importance.

COMMERCIAL AND MARKETS.

LIVERPOOL CORN MARART—TNIB DAT.
On annual Ann man gemming 111.1
OPISON 0171 OWN oonansroinanne
The earn market was ateney. Wind vas
Fridsia eaten neer wan raker deem
A. moderate ilanand far Indian earn, sit preview ream
Napalm lams wren sal In down
Orra, oatmeal, sad Maw NNW

freely sold at

lIINCING4ANIL-111111 DAT.
amis.—Themetat low email wish 10w..., wad the
tau Owe ol km week haw bon paid bee the pakhe Wes
lave sot yet asetided. Raised lump, 511. to law
Coms.—The plat who ate progreeimg erithwit Wav-
ing arr:A.,_yeestertel eaerstion wield'.
The Imp poblio 11 getew lasertly, Int
prism OM
Sawa a=tua balk dabs rails tali el 4000 okp
was boeght ht at Wirt Wes pd....
itica-1,400 aejztlessellia public Ws at 8.. 01.
eh. whisk wankW Mee.
Stet at-alaiel tab.
Corroa.-4/11111mba

TALLOW WARIEST...AMU DAY.
The marktt Palar
wilt water. abiag T.C.
is Tooled Ma ed. Ilay Tod Joe, bee.; ha, .64 Ate.
Ws. dd ; Oat. awl Do., Ma. AL