The Express.
London, England, 1858-05-06 00:00:00

TO TEM EDITOR OP TWI 'YPRES'.

Sir,—With reference to • report in circulation that the
directors of the Euphrates Valley Railway have abandoeed
that undertaking, I beg to state that it is entirely without
fotutdation.

Stich wren gensents we now is progress as, when con-
cluded, Were le reams to believe will enable the directors to
raise the necesstry capital and to commence the construe-
- • -' .

tion of the tailwaj,
Medi-
terranean with the Persian Gulf, and thus seablish the na-
tural. the shortest, and the easiest route between England
and India.—l am, tee.,
May 6. L. W. RAZIVIIII, Sec.
The annexed is from the Committee of Mexican
Bondholders :

The Committee of Mexican Bondholders have received ad-
sloes from Mr. Whitehead, dated Mexico, the 2nd ult.
General Pared', after his defeat at &Imams, had oapitu-
lated at Guadalajara on the 23rd of March, which would
probably lrad to the pacification of the interior and the ad-
hesion of the army to the present administration. Although
this teems to put an end to the government of Senor Juarez,
Vera Cruz still held oat, and Tampico was besieged when
the packet left. No minister of discos had yet been ap-
pointed. The agents in Mazatlan had shipped 2,243 dole.
98c. by her Majesty's ship Megicianne, which reduoed the
balance remaining in Mexico to about 3,400 dole.

The Committee of Consultation of the Pernam-
buco Railway Company find it impossible to get
their report ready by the llth inst. The adjourned
meeting of the shareholders, called for that day,
will, consequently, be further adjourned to the 23th
instant

The settlement of the list of contributories of the
Irish Waste Land Company is to be proceeded with
by Vioe-Chancellor Kindersley on the 21st inst.
A call of 11. lOs. is to be paid on the shares of the
Metropolitan Railway Company by the lit of July.
Notice is given that the steamers of the Austrian
Danube Steam Navigation Company have com-
menced running for the season.
The Admiralty have accepted the following ships
for the conveyance of stores, viz.: The Sir G. F.
Seymour, for *Bermuda ; Sophie, for Corfu ; Daisy,
for Colombo ; and the Marion Macintyre, for Hong-
Kong. The undermentiooed are to be surveyed,
previous to being taken up : Margaret Thomson,
for Bermuda ; Isabella Peek, for East London;
Celia, for Malta ; Margaret Mitchell, for Sydney ;
and the James Shepherd, for Valparaiso. The
Royal Albert is also to be surveyed, preparatory to
being engaged to convey troops from Portsmouth
to Colombo; likewise the screw steamer City of
Manchester, before being accepted for the convey-
ance of troops from Portsmouth to Gibraltar, Algae
Bay, and back.
The Admiralty will receive tenders on the 11th
inst. for the conveyance of stores from the Thames
to Corfu, Fremantle, Gibraltar, Halifax, Hobart
Town, Jamaica, Malta, Montreal, Sydney, and
Zante.

With reference to the anger trade, Maria. True-
man and Rouae remark:

Moderate priors have induced the trade to come forward
freely, and to take more than the mere actual requiremente
of the moment, and the result is that the deliveries for home
°assumption for the first four months of the year have
reached the unprecedented quantity of 131,000 tons, sealant
102,300 in 1857, and exceed the imports in the same period
by 13,900 toes. The stock, which on the let January was
86,200 tons, is now reduced to 66,600, sad until much
heavier supplies come forward it will not reach an swage
amount. Mors is now so doubt that the coosunaptke of
this country and of the world will takeoffs moth Ismer
qinatity of sugar this myeaarr th►n in either of the two pre-
ceding ; sad as the of the dykes rogisethut tin
cope is to reduce estimates, Louisiana be the °sly emir
try from whew* say great increase Is to be looted Iw, there
is every acaltdasoe in the maintenance of present prior.

WEDMESDAT IVINT3rO.

The tendency of the stock markets continues
favourable, owing chiefly to the steady investments
of the public. Comparatively little business is going
forward, but that little ocussists principally of pur-
chases, of which a larger proportion than usual
appear to be bonii fide. At the same time, holder
of real stock have little inducement to part with it,
considering the present state of the money market.
The English funds advanced 3 per eent. this morn-
ing, and, though rather lees buoyant in the after-
noon, left off 1 per cent. higher than yesterday.
To-morrow will be "settling day" in Consols.
The arrangement of the amount shows that there is
oily a moderate supply of stock in the market.
English railway stocks exhibited marked buoy-
ancy, especially at one period of the day. G OMIl•
teed and preference stocks are in active demand, bat
Nome to market in very small quantities. In this,
se in the other departments of the Stock Exchange,
there is no speculative animation whatever, the
improvement being of a more healthy character.

The 411 of the month having been got over, the
money market to-day was qaiet. At the Bank tha
applications were very moderate, and in Lombard-
street choice bills are discounted as low as 21 per
cent. In the Stock Exchange the rate for leans ea
government securities was 2 to 2a per cent.

As a partial set-off against al.-00,0001. of Ex
chequra Bond money, which will be released on
Saturday ni a, an instalment of lb per cent. fads
due on Monday on the Indian Fire Million Loan,
but a conbtderablo portion has probably been paid
in anticipation.

Consols, which closed yesterday at 971 "sellers,"
opened this morning about 971 for money and to-
morrow's settlement, advanced to 971 to 1, and
closed at 971, " sellers." For the 3rd of June the
last price was 971. The " continuation " is 3-16
percent., cr at the rate of about 2/
.per cent. per
annum. The official business report is as follows :
Three per Cent. Consols, for mousy, 911, 1,1; ditto
for accoun: (6th May). 971, 1 • per Cent.
Reduced, 961, ; New Three per Cents., 961 1; Long
Annuities, expiring in Jan., 1880, 11, 1 11.16; Thfrty
Years Annuities, April, 1886, 185 ; Bank Stock,
2211; India Stock, 225, 2231; New India Four per
Cent. Loan Debentures, 1001 ; ditto, scrip, 1001 ;
Three-and-a-Half per Cent. Exchequer Bonds,
falling payable in May, 1859, 101, 1003, 1011.

The New Three-and-a-Half per Cents. were also
officially marked 103, and the New Two-and-a-
Half per Cents., 81.
The government broker made another small pur-
chase of stock to-day.
The March Exchequer Bills were dealt in at 375.
to 40s. prem.; the June Bills at 335. to 38e. prem.;
and India Bonds, at les. to 225. prem.
The foreign stock market retains an upward ten-
dency. The principal demand was for Venezuelan and
Peruvian Bonds—the former were marked as high as
381, whilst the latter closed at 831 to 841 for the
Four-and-a-Half per Cents. Sardinian Bonds were
also better, bt;ing purchased at 921, and closing at
911 to 92. Turkish Six per Cents. advanced 1 per
cent., leaving off at 98/ to 99. Dutch, Russian,
and most other foreign stocks, were firm.

MINES.-THIS DAY.

Two o'CLocir.

Great dulness prevails to-day in the mining
market. In the Stock Exchange no business is
officially reported, and in other quarters the transom-
tions have been very limited. In the absence of
active inquiry, prices must be considered nominally
the same as before.
In colonial mining securities the only feature is a
further improvement in the shares of the Bon Ao-
cord Copper Mining Company, which are marked
and I prem. Martquita shares have been dealt in
at j. Other foreign descriptions are dull.