The Express.
London, England, 1859-04-27 00:00:00

MONEY MARKET-THIS DAY.

Two efOwat.
A complete panic prevails today in the Stock
Exchange, in consequenoe of the imminence of war,
coupled with • statement that an offensive and
defensive alliance has been concluded between
Ramis and France, and with the announcement in
Paris of a French loan of twenty millions sterling.
Similar agitation has scarcely been witnessed within
the memory of the oldest member. Five failures
have already taken place, principally owing to the
absolute inability of the embarrassed parties to get
their accounts closed.
The funds opened at • fall of 21 to 3 per cent,
compared with the 4 o'clock quotations of yesterday.
A partial recovery has since taken place, bat Con-
sols are still quoted 2 per cent worse than at 4
o'clock yesterday.
In the other departments of the Stock Exchange
business is almost impracticable. An immense fall
is nominally quoted in all dames of securities.
At the official opening of the Paris Bourse this day,
aeoording to Mr. Renter's telegram, the Three per
Cent Rentee:were dealt in at 621 r. 60c. for the ac-
count, showing a fresh fall, but to the extent of only
per cent.
Console, which were quoted at 4 o'clock yesterday
94 to 1 for the 6th of May, opened this morning
at 91 to 1. Transactions took place at
91 at a very early period of the morning.
Business has since taken place between 911 and 921.
The present quotation is 911 to 921. For
mosey ;the price is the same as for the account.
The Thies per Cents. Reduced have been dealt in at
901 to 911; the New Tines per Cents., at 901 to 911 • the
scrip of the New Indian Loan, at 901 to 911; India
Bonds, at 6 to 6 die.; and Exchequer Bills, at 30e.
to 36e. pram.
Quotations for foreign stocks are for the most part
nominal. Turkish securities may be considered
fully 10 per cent lower than at 4 o'clock yesterday.
the present prices being about 65 to 70 for the old,
and 66 to 60 for the new. In every other descrip-
tion a great reduction has taken place, bat
transactions cannot be effected. Sales are recorded
as fellows :—Austrian Eve per Cents., 46
(exehange 106.) ; Brazilian Four-and-a-Helf
per Gents., 1856, 93; Mexican Three per Cents.,
161,171, 18/ ; New GrenadaDefensd Bonds, at ; Rus-
sian Fourand-a-Half per Cents., 94; Sardinian
Five per Cents., 671; Spanish New Deferred Three
per Cleats., 26, 27; Turkish Six per Cents., 1864,
70, 69, ex div. • ditto Six per Cents., 1838, 67, 61;
Venezuela Deferred Two per Cents., 18.
The Austral has strived from Geeing with
61,4001. in gold.
CLOSING PRICES OF THE FUNDS.
CITY, Fora O'CLOCK.
The decline in prices continues, Comet being now
quoted u low as 91 to 911 for money and the May
account.
The agitation of the public mind is paralysing
many branches of business, apart from the Stock
Exchange.
At Amsterdam on Monday the extraordinary fall
of about 6 per cent. took place in the Austrian Five
per Cent. Metallic.
The demand for money, both in the general mar-
ket and at the Bank, has increased. First class
bills having not more than 60 days to run are still
taken in Lombard-street at 2i per cent, bat for
knee dated paper higher terms are asked. In con-
sequence an unusually large proportion of bills be-
tween that limit and 96 days have been carried to
the Bank. The apprehension of an advance in the
Bank rate is inducing many persons to make provi-
sion in exams of their immediate actual wants. This
indication of timidity, however, will probably
subside.
The amount of gold withdrawn from the Bank
yesterday for exportation was 40,0001., making a
total of 340,0001. since the date of the last return.
Of the 361,4001. in specie from New York,
160,0001. in gold and 30,0001. in Idexioan dollars
reached London yesterday. The whole of the gold
wee purchaeed for transmission to the Continent.
A further extraordinary rise took place yesterday
afternoon in the Austrian exchange, and an almost
equally important fall in that on St. Petersburg.
The latter is of course affected by the enforced post-
.ement of the loan. Bills on Vienna were quoted
last post 12.6 to 12.16, and this afternoon 13.20 to
13.40. The Leghorn exchange has also risen sud-
denly from 30 to 30.60. The Paris exchange re-
mains fiat. The =rent rates are shown below :
anetereana three math& ILI% to 17' ditto short,
ILI4 to 15' natildiffe, Wee months, 11.161 to 17;
Antwerp, tires mesas, 26.16 to 20; Hamburg, lettle
three moues, 11.51 to ; pars, ere day=
16.21 to 6, diale lose •M to 71; F
se-esellals, Lisa ms:thermibtl7l to 1 • Pressburg, per
roues, three mosem:lllt to 34•; VidasoilL eon three
moness, 15.20 to 40; Wu& three moths, 13.20
to 40; Madrid, three months, 491 to 1; Cad* thiss
moues, 491 to ; Lesbos.% three mentes, wao to 30.66;
Gesos, terse months, 25.36 to 40 ; Naples, three months,
401 to 1; Pao' 90
months, 1211 to 122; Marina,
three maths, 122 to ; Liabon, 90 days, 621 to 1; Oporto,
90 days, 621 to 63.
The bar silver by the last West India steamer
was sold yesterday for the East at 611 d. per. ounce
standard, showing a fall of id. compared with the
price obtained for the previous supply.
The shares of the Red Sea Telegraph Company,
which were quoted yesterday morning II disoount,
rose subsequently to I to 1 des., upon the publication
of a correspondence which has just taken place with
reference to the postponement of the company's bill
in the House of Lords. The director& in their
letter, allude to the apprehensions raised in
the minds of the shareholders, and whilst
expressing their entire confidence in the good faith
of the government, urge that steps ought to be taken
to satisfy the anxiety naturally felt. They then re-
capitulate the circumstances attending the formation
of the company, refer to the fact of its having under-
taken to complete the line in all haste within a period
of twelvemonths, with a view to which they had
called up 400,0001. of the capital prior to the meet-
ing of parliament. Eighteen hundred miles of cable
have been sent out, and the company hopes to este.-
blish the communication between Alexandria and
Aden next month. The directors conclude by again
urging the absolute necessity of some official se-
sames calculated to tranquillise the minds of the
shareholders, and declare that the operations of the
company will be materially impeded if the slightest
doubt be permitted to rest upon the validity of the
contract. The reply from the Treasury is as follows :
Treasury Chambers, April 25, 1.59
Sir,-1 have Ise before the LW& CommMmrs of her
Majoitys Treasury rem letter of the 21st Met., and I am
directed to state that although their lordohips have seen with
motet that en unexpected obstacle was prto uteri in the
Nom of Lords to the prim of the bill of the Red Sea end
ladle Telearrsph Company, under circumstances unfavoure.
bls to a full Mosses of the measure, they entertain no
doubt of elm able to satisfy the net parliament of its rape-
dime, sad importance, and that they feel confident tet
them ceanot uadm any circtunstmes be the enghtest danger
et the legislature metalled the obligation which has been
'Omni, mitered into by the mown, sad on the faith of
which the employ Spedy expended such lame auras.—
I am, dry., ip FL W. STEPISZNzON.
To tee Siorttery of tbe Red Boa and India
Telegraph Company.
The twenty-fourth annual meeting of the pro-
prietors of the National Bank is called for the 24th
of May.

Trucks ZVI:NINO.
Coral, which were quoted at 4 o'clock yesterday
921 to 1 for money and the 6th May (rising during
the notpofficial hours to 931 to 1), opened this MOTO-
ing at 921 to 1, rallied suddenly to 931 " buyers,"
reliweed to 921 to 93, and thence rose rapidly to 94
to 1, the quotation at 4 o'clock. Some time after
the close of the Stock Exchange the price fell to
931 " The official business report is ss
fellows:—Three per Cont. Consols, for money, 93
, 93, 93/, 921, 931 t ditto, for mowant (6th Mayl,
631, 931, 93, 931; Three per Cents. Reduced, 92 ,
911, 921 ; New Three per Cents., 921, 935, 92, 911,
92, 911, 9211 Thirty Years' Annuities, expiring n
April, 1886, l'll ; Usk Stook, 223, 222; India