The Express.
London, England, 1856-04-25 00:00:00

Two °Tam
The Mae opened at • father slight decline this
morning, hat the present quotations are scarcely
1 per sent. below the final range of yesterday.
Business sestinas excessively dull. Consols
for the Bth of May have ranged between 93 and 931,
and are now gated 931. For Raney the price, is
921 to 93. The Three per Ont. Rednoed
have ban dealt in at 911 to 92; the
New Three per Cents. at NI to 1; Bank Stock at
2121 ; Exchequer Bills, March, at par to 2s. prem. ;
ditto, Jane, at 31. die. to par; Exchequer Bonds,
1858, at 981 to ; and India Bonds at Bs. to 3e.
Cs.

Foreign stocks are also in some cases rather flatter,
especially Turkish Six per Cents., which are marked
971 to ex div. Brazilian Four-and-a-Ralf per
Cents. have been dealt in at 95; Granada Active
Bonds at 181 ; ditto, Deferred, at 71 and 7 ; Mexican
at 221 to 1; Russian Four-and-a-Half per Cents. at
94# to 96; Spanish Old Three per Cents, at 441;
ditto, Deferred, at 231 to 241; ditto, Passive Bonds,
at 71.
The amount of specie brought in by the Atlantic,
from New York, is stated at only 4,860 dollars.
The exchange on London, however, showed wadi-
OtIM4
The Victoria has arrived from Adelaide, but is not
known to have any gold on freight.
The vessels known to be on their way to England
from Melbourne with gold on freight are the Angle-
sty, Statesman, and Thames, with a tote quantity
of 107,305 ounces, worth about 430,0001. These
vessels are now tally due, and, with a change of
wind, their arrival might be immediately looked for.
This day has been published the report of the
Committee of Investigation of the Royal Swedish
Railway Company. This document has been looked
for with great interest. It appears that no forged
Obligations have been discovered, and only one parcel
of forged shares, amounting to 20,000, which will of
°ourse be withheld from circulation. The shares
wrongfully issued in duplicate, however, are stated
at 19,700, whilst the over-issued Obligations amount
to 12,263 ; but of thew latter a large proportion is
held in deposit merely. The nomiaal value of the
shares (original and duplicate) misappropriated
by the late John Sadleir is 273,4251., and of
the Obligations 43,4771. 10s. In addition, he
has given acceptances of the company to the
extent of 27,5911., for which the compare y did not
receive consideration. The gross total of Mr. Sad-
leir's liabilities to the company is estimated at the
enormous sum of 346,4131. 11s. 10d. Even after
making allowance for the difference between the
nominal value of the shares which he has pledged
and the sums for which they may hereafter be re-
deemed, the remaining mass of liability is so heavy
as to excite astonishment, indicating, as it dors, the
ruinous embarrassments into which one fraudulent
person his been permitted to plunge the undertak-
ing . It is pointed out, however, that the payment of
a comparatively small sum will enable the
company to recover a large amount of shares
and bonds pledged against advances. As re-
gards the 20,000 forged shares, no claim
can be made against the company, the money obtained
against them not having been applied to the com-
pany's use. With reference to the state of the works,
the prospect is described as not discouraging: A re-
duction is recommended in the number of directors,
who, it appears, are willing to resign, if such a
course be deemed advisable. Hopes are expressed
that negotiations with the Swedish government for
an improved concession will result in advantage to
the company. To avoid discredit and interminable
litigation, and to afford a chance for the resuscitation
of the company, the committee recommend that the
securities irregularly issued be recognised, and they
proceed to indicate a plan by which the over-issue
may be materially redacted. For the completion of the'
undertaking, an issue of 7 per cent. preference shares is
also advocated, with the provision that the existing
shareholders shall have priority of subscription. The
report concludes by condemning the laxity of the
directors in permitting Mr. Sadleir to have such un-
controlled power of disposal of the company's meant,
but expresses a strong opinion that the interests of
the company will be best promoted if contention of
all kinds be avoided, and united and energetic action
be adopted, with the sole view of carrying the enter-
prise to a successful ionic
The directors of the National Discount Company
state that they. have received the certificate of com-
plete registration. The company being now legally
empowered, will commence business on the Ist of
June.
A meeting of the Electric Telegraph Company of
Ireland is called for the 7th of May, to consider the
report of the committee appointed at the last meet-
ing.
A general meeting of the South Eastern Railway
Company of Switzerland is convened for the 23rd of
May, at Coke, to consider propositions respecting the
continuation of the line.
The half-yearly interest falling due on the Ist of
May on the Corporation of Montreal Six per Cent.
ILoan is to be paid by the Commercial Bank of Lon-
don.
The Admiralty have accepted the undermentioned
ships for the csnvevance of troops, viz. :—Thellere-
fordahire, for Gibraltar; and the Burlington, for
Malta and Corfu. The Pasha has also been accepted
for the conveyance of stores to Simon's Town (Cape
of Good Hope).

The position of the market for American stocks is
thus noticed by Meows. D. Bell, 800, and Co. :
The market for Animism 'marines dating the week has
been very quiet, end the Fleet generally continue without
alteration.

THURSDAY EVININO.
Stock-Exchange business remains very inanimate
in all departments. The fonds were very steady
during the morning, but at the close yesterday's
recovery of p2r cent. was not supported. At the
weekly Board at the Bank of England to-day, no
alteration was made in the rate of discount. The
export of gold to Turkey tends to occasion the post-
ponement of the expected abrogation of the 7 per
cent. charge for bills over 85 days. Nevertheless,
the easier appearance lately presented by the money
market warrants the belief that bills must now be
running off at the Bank. The Goal instalment of
1,050,0001. on the last loan fell due to-day, but caused
no premium whatever. In the discount market,
especially, the supply of money is good, and the
demand quieter, and first class bills are thus ne-
gotiable rather below the Bank minimum.
Consols were quoted all the morning at 931 to
for the Bth of May, and closed at 931 to 1. For
money the last price was 93. In addition to the new
stock created to-day on account of the last instalment
on the loan, the proportion of Consols representing
the original deposit of 10 per cent. is now also re-
leased. The whole of this fresh supply of Consols
may be regarded as now satisfactorily placed. Con-
sidering the rapidity with which the instalments have
been called up, the market has shown remarkable
steadiness, owing to the constant absorption of stock by
the public. The official business report is as follows:
Three per Cent. Consols, for money, 93, 934 ; ditto,
for account, Bth May, 931, 1, 4. Three per Cent.
Reduced, 911. 92. New Three per Cents., 92}, I.
Thirty Years Annuities, expiring is October, 1859,
3. Thirty Years Annuities, April, 1885 (Loan of
16,000,0001.). 17, 17 1-16, 17#. Three-and-a-Half
per Cent. Exchequer Bolide, falling payable in 1858
and 1859, 981, 981.
A transac•ion 'lsidro recorded in the Five per Cent.
Aonoitise, at 114.
The March Exchequer Bills were quoted par to 3s.
prem.; and the June Bills, 3s. dia. to par.
The foreign stock market was dull, but we notice
no reduction in price, except as regards Turkish Six
per Cents., which receded about 3 per cent., closing
at 97# to 984 ex div. The Guaranteed Your per Cents.
left off at 101# to 102.
Lomberdo-Yruetian Railway shares were quoted 8
to 8# prem.; Riga and Danaburg Railway, # to 4
prem.; Italian Junction Railways, I to I pram.; and
Carmeaux Coal Mines and Railway, to # prem.
Bank of Egypt shares closed to-day at 14 to 11
prom., and Ottoman Bank at Ito 11 pram. Thom