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

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MONEY MARKET-THIS DAY.

Two VOLool.

The foreign intelligence preaeuting no feature of
& reassuring character, and the condition of home
politics being very uncertain, the funds remain
heavy. A fresh reduction of 1-16 to per cent. has
taken place this day. The monthly settlement in
Consols has commenced, and forms the principal
occupation of the dealers. In the share markets
extreme dullness prevails, and in some instances
rather lower prices are quoted. The princirl
feature is the stagnation of business.
The official quotation for the Three per Cent.
Rentes at Paris this morning, according to Mr.
Renter's telegram, was
_6Bfr. 26e., and at half-peat

1 o'clock 68fr. 20c: In the latter instance a decline
of 6c. is shown compared with the lut price of
Saturday.

Consols are dull at 951 to $ for money and next
Thursday, and 96$ to for the sth of May. The Indian
Four per Cent. Debentures have been dealt in at
98$; India Bonds, at 14s. pram ; Rich eclair Bills,
at 32eprem.; and Exchequer Bonds, at 99/ to 100.
The foreign stock market is also very inactive.
Turkish stocks are again slightly weaker, the old Six
per Cents.being quoted 921 to 931,and the New Loan,
79 to 1. There are still enquiries for Mexican Bonds.
Sales are recorded as follows:—Dutch Four per
Cent. Certificates, 100; Mexican Three per
Cents., for account, 21$; Anglo-Peruvian
Three per Cents., far account, 72/, 721, 721,
ex div. ; Russian Four-and a-Half per Cents., 100 ;
Turkish Six per Cents., 1864, for account, 93 ; ditto
Six per Cents., 1868, for amount, 791; ditto
Guaranteed Four per Cents., 1021.
The steamer Babette arrived at Suez on the 27th
March, with data to Feb. 17 from Melbourne. The
Panther, with the light portion of the Australian
and Bombay mails reached Marseilles this morning,
and the letters will be delivered in London on Wed-
nesday morning.
It is understood that the increase of upwards of a
million in the " government securities" shown in the
Bank return just published is occasioned by the
transfer to the Bank of the second million of Exche-
quer Bonds falling payable in 1882. It will. be
remembered that in anticipation of the arrival at
maturity of the 2,000,0001. of bonds due the 6th
May, 1868, an arrangement was come to between
the Chancellor of the Exchequer and the Bank, by
which the latter agreed to take immediately
1,000,0001. of new bonds redeemable in 1882, and
the remaining 1,000,0001. at an interval of a twelve-
month, in the event of the Treasury requiring the
accommodation. The rate of interest agreed upon

was $ per cent. per annum.
The withdrawals of gold from the Bank on Satyr-
day for exportation, represented the large sum of
112,0001., making an aggregate of 172,0001. since
the date of the last return. The 68,200!. by the
Water Nymph from Melbourne has been taken for
the Continent, and the 87,8001. by the Copenhagen
is expected to follow on Monday.
The imports of specie and bullion last week
were large. Our list includes 38,0001. by the Jun,
112,0001. by the Euromand 30,0001. by tie Bremen,
all three from the United States ; 7,0001. in gold
from Russia ' • 78,2861. in Australian gold by the
Teviot, from Alexandria ; 68,2001. by the Water
Nymph, and 87,8001. by the Copenhagen, both from
Melbourne.

The value of these arrivals is about 408,0001. In
addition, an enormous quantity of silver has been
received from the Continent. _

Thtceuetom:riouee;weeirly statement of the ex-
ports of the precious metals direct from London in-
cludes 22,000 ounces of gold and 8,800 ounces of
silver, representing a total value of about 87,0001.
The Peninsula has taken 12,0001. in specie for Cadiz;
the Magdalena, 7,1201. for the West Indies ; and
the whole of the imported gold that has come to
hand hu been sent to the Continent, besides the sums
taken from the Bank. _ _ .

It has officially transpired that the steamer
Ceylon will convey to-day specie for the East to the
enormous amount of 958,7731., all silver, except
28,8611. in gold. The government remittance in
silver for Calcutta is 390,0001. Annexed are the
particulars :—Poe Calcuaa, 859,8201.; for Madras,
67,3021.; for Shanghae, 15,7031, ; hr Manilla,
12,400/.; for Hoag Kong 8,8361.; for Ceylon,
2,5211. ; for Penang, 1,9501.; and ter Singapore,
4401. Nearly the whole of tnis mass of silver has
been obtained from the Continent within the last
few days. It is understood that government have
already entered into engagements for the next
Bombay steamer.
At Constantinople, on the 30th March, the ex-
change on London, which lately stood at 143 p.,
to HOp. This movement in favour of
Turkey is attributed to the growing scarcity of the
paper money, and to the diffusion of the gold
paid away by the government in exchange
for paper money. The fidelity with which
the government have applied the proceeds
of the English loan to their legitimate object is in-
ducing a conviction, even at Constantinople, that the
withdrawal of the Sands will really be accom-
plished. The letters mention a carious scene, oe-
osaioned by the exasperation of the poorer class of
the Sultan's creditors, consisting of unpaid arti-
sans, &c., who repaired tumultuously to the palace,
and stoned it. Their dispersion was effected by the
double means of a display of military force and a pro-
mise, on the part of the financial functionaries, that
their claims should be promptly arranged. It will
be curious if turbulent local demonstrations of this
kind prove more successful than the efforts of di-
plomatists and the remonstrances of capitalists, in
impressing the imperial mind with the necessity of
economical reforms. Though the voice of public
opinion may be stifled, a shower of stones may, per-
hap', attract the Sultan's attention.
At St. Petersburg the exchange on London has
relapsed to 38d.
It is stated that negotiations have been opened
with a view to an amalgamation between a Paris
bank as commandite and the new General Society of
Commercial and Industrial Credit. The London
subscription for share, in the latter will be closed
this afternoon.

The promoters of the National Flax Company
(Limited) have issued a pamphlet explanatory of the
objects of the undertaking, together with a circular
specially addressed to large consumers of paper.
From the latter we extract as follows:

In handing you herewith the prospectus and emplanstory
pamphlet of the National Fie: Company (Limited), for your
careful perusal, I beg to point out to you that you are ape-
tidally interested in giving your aid sad support to it. From
nindry experiments muds there can be no doubt but that
paper of :all sorts can be made trout "icutching hada,"
or the refuse of !filmier, sod also (a fact tf
the utnret importance) from the raw dm plant
itself, after the seed is taken off—at Moat the
previous profess of separating the fibre therefrom. As the
lime, which in tomes of time becomes linen rag, to mans-
fa:tured from the fibre of the firm plant, if the woody por-
Vona of the plant to which the fibs is attached can be to
t sated as to rodeos the whole plant (fibre and stem) into a
hattelf.-shtuffoi4
.ea
.goode.
of
rirempeotsw
.1.645 a thebolinenh
thregargtb3e, we gumin
quality ; and as the beet of papers are made from line rags,
so will it be from the half-starff made from the I last. Thia
can be affected under • patent of late date, and an equal
quantity of mar, of the sante quality, con be produced from
li ton of the fax plan., at 61. par ton, a. from one tan of the
bast linen rag., at 401. Thus a new material can be prxiaced
fn any quantity at home for the wants of the paper trade, to
the advantage of all dames ; for while the longer portions of
the plant are prepared for the lan sprinter at the rettories,
the shorter portions are handed to the paper maker.
With reference to the sugar market, the Monthly
circular of Mears. Trneman and ROWe has the fol-
lowing :
Noteithomniing very favourable winds the impos ta of
auger in March have been light, not reaching more than
26,800 tons, so th.t for the first quarter of the year there is a
ems; deficiency of 1,400 tons, as compered with those is the
GUM perbil of 18%; but a. the deliveries show a Gllliag cif
dt the month of 8,800 tom, against 0,600 at the tame
neoethdP743'auPitittionttimoice:allue.B6B7ofthatT. kArel*shetnetaeitkreiirgibiol,y7""3ariecol: yl:bild‘progreeess,ritinert:Sthetaga tor.d.txtrct:taatiolnet

are not so flordarabla, the Imports of cane sugar into the
principal ports having been is the two =oaths ending Fels
28, 38,140, against 23,550 tone in the soma period of 18
and the stocks at the above date being 40,010 spinet 24,810
toss last year ; the oat-tarnof the beetroot crime, both
France and Germany, is also batter than was at one time
pected. At the lest date from Mauritius nearly the whole of
the crop bad been shipped off, and the out-turn will not ai-
med 100,000 tons, which b 10,000 tow hes than that of 1857,
and 20,000 to 26,000 tons below the early estimates. Woe.
Injury from thought appears to have been sustained by the
young canes for nest year's crop, but it Is, of centre, toe
early to form any opinion as to the extent of the mischief.
By mow advice' from the West Indies the crops were re-
promoted u generally abundant, for although in some of the
islands the canes were not yielding an average, the quantity
of land put under cultivation was considerably in excess of
previous years. The expectations from other sources at
✓ipply remain se bdore.
- -

The Amiens has arrived from China with 498,600
lbs. of tea and 1,293 bales of silk.
Ths Brilliant has arrived from Geelong with
1,930 bales of wool, but no gold.

SAITSDAY XVINIAG.

Consols, which closed yesterday at 961, "sellers,"
for money and next Thursday's settlement, opened
this morning at the tame quotation, but gave way
late in the afternoon, and closed at 961, or 96 946
to 11-16. For the sth May the last pnee was 96,1,
"buyers." The dealers were "given" of k per
cent. "contaugo." The official business report imam
follows :—Three per Cent. Cowls, for money, 961,
; ditto, for account (7th April), 961; India Stook,
219; Indian Four per Cent. Debentures, 98,1, 96k;
India Bonds, 14e. prem.; Three--and.a-Half per
Cent. Exchequer Bonds, payable next month, 100.
The foreign stock market wee also very quiet.
Turkish securities were dull, the Old Biz per Cents.
closing at 93 to and the New at 79 to j. There
were some inquiries for Spanish Bonds. Mexican
were quoted 21i to