The Express.
London, England, 1858-04-15 00:00:00

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MORAY A. IA itliel-THIS LAY.

I wo o'CLooa.

The funds opened this morning at an improve-
ment of 1 per cent., which, however, has not
been supported up to the present hour.
Prices are now quoted the same as they
closed yesterday. The weekly court at the Bank
has resulted in no alteration in the rate of discount.
The New Indian Loan remains steady at 991 to 1.
The government broker has made another invest-
ment in the Reduced Three per Cents.
Console opened at 961 to 4 for the 6th of May,
and are now quoted 961 tot; for money the present
quotation is 951 to 1. The Three per Cents. Reduced
have been dealt in at 951 to #; the New Three par Cents.
at 951 to 1 ; Bank Stock at 220 to 2211; Exchequer
Bills at 355. to 39i. prem. ; Exchequer Bonds, 1859,
at 1001 to 101 ; India Stock at 223 ; and India
Bonds at 18s. to 21e. prem.
Turkish Six per Cents. are dull, at 97 to 1, ex div.;
Peruvian Four.and-a-Half per Cents. meet with
rather more inquiry. Other foreign stocks are
quiet. Sales are recorded as follows :—Mexican
Three. per Cents., 191 ; Peruviaa Four-and-a-Half
per Cents., 82; Russian Four-and-a-Half per Cents.,
1001; Sardinian Five per Cents., 91 to 901; Spanish
Three per Cents., 43! ; ditto New Deferred Three
per Cents., 261; Turkish Six per Cents., 971 to 974,
ex di,.

At:Paris to-day (Thursday), according to Mr.
Renter's telegram, the Three per Cent. Rents.
opened at 69.50 for the account, showing a rise o
sc. compared with the closing quotation of yes-
terday.

The Shaftesbury has arrived from Melbourne,
with 8,184 ounces of gold, worth 32,7001.
The settlement now in progress shows that the
public have invested to a moderate extent daring the
last fortnight in some railway stocks, chiefly in London
and North Western and London and South Western ;
but the speculative operations both in this and in
the provincial markets are still in an adverse direc-
tion. It is argued that the next dividends must be
disappointing, the decline in the traffic having con-
tinued up to the present advanced period of the
half-year.

The amount of gold sent into the Bank yesterday
was as much as 130,0001., principally ex the Copen-
hagen, from Melbourne.
At the Bank of England yesterday the demand for
money was brisker than for some days past, yet still
by no means pressing. In the open market a good
demand is also experienced, and the minimum rate
of discount for choice bills is 21 per cent.

The Alhambra has brought 8,6021. in specie from
the Peninsula.

On the Continent the exchanges on London
remain steady. At Paris on Tuesday the ex-
change on London was quoted 25.10 for short, and
24.90 tor three months bills ; at Amsterdam, 11.72 k
for short; at Hamburg, 13.4 for short, and 13.21 for
three months ; at Berlin, 6.191 ; and at Vienna"
10.17.

The corn market yesterday was dull, at last Mon-
day's rates. The number of floating cargoes of grain
arrived at ports of call since Friday is 14.
The colonial wool sales are fixed to commence on
the 29th instant. The quantity at present arrived is
44,298 bales, including 10,967 bales from Sydney ;
12,807 from Port Phillip ; 1,909 from Van Diemen's
Land ; and 7,480 from the Cape of Good Hope.
The London and North Western Railway Com-
pany's traffic return presents this week a decrease of
7,9061., the Great Northern a decrease of 2,6181., the
Great Western a decrease of 1,3411., and the London
and South Western a decrease of 1,6441. In expla-
nation of the decrease in the Great Northern a foot
note appended to the traffic return observes
"April the 2nd was Good Friday on which
trains ran only as on Sunday." This company'.
return applies only to the week ending the 4th inst.,
whilst those of the otherlines are for the week ending
the 11th inst. (Easter week). The decrease in the
latter is more worthy of attention because the com-
parison is instituted with an ordinary week of last
year. On the other hand it is but fair to point out
that the setting in of more genial weather would
probably be attended with a considerable extension
of the pleasure traffic. _ _

The directors of the Pernambuco Railway have
issued a supplemental report, in anticipation of the
meeting called for the 20th inst. Attached to
it is various correspondence interesting to the
shareholders, but for which we have no space. This
includes the report of the government engineer on
the state of the works, &c. The company, it ap-
pears, have protested to the Brazilian government
against the postponement of the commencement of
the guarantee. The contractor has now applied to
the board for an advance of 10,5001., upon the
security of Messrs. It. W. Kennard and Co. ; and in
consequence Mr. Kennard has resigned his seat as
director, "feeling that his continuing to act as a
director would be inconsistent with his position as
surety." The shareholders will naturally be de-
'irons to know how it happens that Mr. Ken-
nard, • director, is mixed up in any way
with the affairs of the contractor, for
whom he now becomes surety. It is worthy
of remark, too, that Mr. Kennard's retirement it
merely temporary, inasmuch as he proposes to rejoin
the board as soon as the advance is paid off. The
correspondence indicates that the contractor is per-
fectly willing, according to his own profeesion, to
carry out all his engagements to the company, and
that the Brazilian and Provincial governments, Le-
cording to the explicit assurance of the Brazilian
Minister here, " desire to deal liberally" with the

company.
Tne amalgamation of the firma of Messrs. J. E.
Coleman, Weise, and Co., and Turquand, Youngs,
and Co., accountants, includes all the partners in
each house.
Mr. N. Loney is appointed agent for Lloyd's at
Yloilo, Philippine Islands.
The mail steamer Avon arrived at Madeira on the
18th of March, and left for the Brazils.
A telegram, dated Lisbon, April 14, received at
Lloyd's, states that " accounts from Teneriffe of 6th
April give no intelligenoe of the Armenian (s.-s.)
after her leaving Sierra Leone."

WEDNZSDAT EYDRN4I.

The funds were slightly firmer to-day, bat the
actual improvement in prices was limited to 1-16 to
I per cent. A complete absence of animation still
prevails. The public do not effect important invest-
ments at present prices, although Consols now carry
fully per cent. of accrued dividend. There was
another purchase, however, by the government
broker.

-- -----
In the share markets the settlement formed the
principal occupation of the dealers. Some invest-
ments appear to be going forward is Indian gua-
ranteed railway shares, especially in those of some of
the smaller lines, which are relatively the cheapest in
the market; but as regards English railway stocks,
we have still to report a very discouraged market.
Consols, which closed yesterday at 981 for the
Bth May, opened this morning at 961 to 1, and,
after several slight variations, closed at 981
" sellers." For money the last price was 96
to 1. The official business report is as follows :
—Three per Cont. Consols, foe money, 961, 1,1,
1, # ; ditto, for account (Bth May), 981, 98/.
Thros per Cent. Reduced, 961, 1, 1. New Muse
par Cents., 01, 1,1, 1,1, 1. Long Annuities, ex-
piring in January, 1860, 11, 1 11-18. Bank Steak,
2201, 2111, 222. Three-and-a-Half per Cent. Ex-
chequer Bonds, falling payable on the Bth proximo,
991, 100; ditto, Bth May, 1869, 1001, 1011. India
Loan Debentures, 991 ; ditto Scrip, 991,_ 991.
The New Indian Loan was steady, at 991 to
Exchequer Bills were quoted 36e. to 395. prem.,
and India Bonds, 17s. to 20s. prem.
Turkish Six per Cents. were rather better to-day,
closing at 971 to 1. The Guaranteed Four per Cents.
remain steady, at 104 to 1. Other foreign stooks
are unmarked by any variation of importance.