The Express.
London, England, 1858-04-07 00:00:00

MONEY MARKE7-THI9' DAY.

Two o'OLook.
The funds to-day have lost the more favour-
able tendency which was observed yesterday. A
fall of per cent. is now presented, and is partly in
connexion with the settlement of the account in
a options," which will take place this afternoon.
The market for English railway stocks was firm in
the morning, but has since given way. Business
in all quarters is extremely inactive.
Consols for money and to•morrow's settlement,
after standing at 961 to 1. and receding to 961
"sellers," are now quoted 961 "buyers." The Three
per Cents. Reduced have been dealt in at 961 to
1, ex div. ; the New Three per Cents. at 981 to I,
ex div. ; Bank Stock at 220 to 221, ex div.; Exche-
quer Bills, June, at 345. to 375. prem., being rather
flatter ; and India Bonds at 16s. to 20s. prem.
The new Indian Loan has been dealt in at 981,
981, and 981, being firm. _ _ .

Turkish Six per -Cents. are dull, at 1001 to 1011.
PertivianFour-and-a-Half per Cents. are still offered.
In other foreign securities there has been little

movement. Sales are recorded as follows :—Buenos
Ayres Six per Cents., for ace. (April 16), 78 ; Chilian
Six per Cents., 104 ex div. ; Dutch Two-and-a-
Half per Cents., 851 (exchange 128.); French
Three per Cent. heater, 89fr. (exchange
26fr.); Peruvian Four-and-a-Half per Cents., for
account, 811 ; ditto, Three per Cents., for ac-
count, 581, ex div. ; Spanish New Deferred
Three per Cents , 281; ditto, for account, 281 ;
Turkish Six per Cents., 1011; ditto Guaranteed
Four per Cents., for account, 1031; Venezuela
Active Bonds, for acct., 321.
The Copenhagen, from Melbourne, has brought
47,790 ounces of gold, worth about 191,0001.
At Paris to-day (Wednesday), according to Mr.
Renter's telegram, the Three per Cent. Renter
opened at 69fr. 60c. for the account, showing the
alight improvement of 50.

About 22,0004. in gold, forming part of the supply
lately received from Australia, was yesterday sent into
the Bank. On the other hand, it must be remem-
bered that considerable parcels of coin are always
withdrawn from the Bank on country account at
this period of the quarter_
At the Bank of England the applications for

money were upon a very moderate scale. In the
open market there was a fair demand, but first class
bills can be discounted at 21 per cent. In six mouths
paper, with endorsements of a high class, little
business is done below 4 per cent.
In the Stock Exchange money was in rather more

demand, owing to preparations for the monthly set-
tlement and for the payment of the first instalment
on the Indian loan. The current rate for loans on
government securities was about 2* per cent.
The newlndian loan wasyesterday officially marked
in the Stock Exchange list 981. The closing quota-
tion was 98} to being the same es that of Mon-
day. There is an impression in some quarters that,
owing to the neglect of the East India Company to
require a deposit, some of the subscribers may make
default to-morrow, the day fixed for payment of
the first instalment.
Privately, we hear of transactions in Massa-
chusetts Five per Cent. Sterling Bonds at 100; exi
div.; and in Louisiana State Bank shares at 251.
per share.
The Property and Income Tax Association are
continuing their agitation for a more equitable
adjustment of the tax sport trades and protessions.
The position of the law is this :—The Act of 1863
has now come into operation ; the income tax is
thereby reduced to bd. in the pound, and will expire
altogether in April, 1880, unless renewed in the
interval. The question of immediate interest is,
what course will Mr. Disraeli aLopt to cover the
estimated deficiency for the financial year 1858-9?
The steamer Tamar has arrived from Alexandria,
with the 126,9901. in Australian gold which was
conveyed to Sues by the Simla. The larger portion
of this amount is expected to be sent into the Bank.
Some further moderate amounts of Russian gold
are expected to reach London from St. Petersburg
during the next few days.
The bar silver brought by the steamer Atrato we

sold yesterday for trinsmission to the Continent at
ss. lid. per Vance standard, showing a decline of
compared with the price realised at the pre-
vious sale. The Chilian dollars have also been
placed at is. llid. per ounce.
The foreign exchanges yesterday afternoon wer

firm. Rather higher prices were in some cases paid
for short'bills on Pans, and paper on Frankfort.
Blaine= was limited, owing partly to the Hebrew
holidays. The current rates are shown below, viz. :
Arestradaro, three month; 11.171 So 18 do., abort,
11.16 te ; Rottradam, thres months, 11.171 to 181 ;
Ant three months, 26.321 to 74 ; Harabems,
baneo, months, 13.6 to ; Par* three days sight,
26.6 to 16; ditto, three months, 25.321 to 74; Frani:Sort-on-
ths-9laine, three months, 1181 to • Petersburg, Per
rouble., three months, 36 tai; Vienna, seam, three months,
10.31 to 3 ; Trieste, do., three months, 10.32 to 4;
Madrid, three month., 484 to 1; Cadiz, three months, 494
to I ; Leghorn, three months, 29.66 to 70 ; Genoa, three
months, 25.50 to 6 ; Naples, three morths, 414 to 4 ;
Palermo, three months, 1241 to 6; Memina, three months,
126 to 1; Lisbon, 90 days, 611 to 1; Oporto, 90 days,
611 to I.
At the Court of Proprietors of the Bank of
England yesterday Mr. Sheffield Nears was formally
re-elected Governor, and Mr. Bonamy Dobree
Deputy-Governor. for the year ensuing.
On the Paris Bonne on Monday a coupon of 60E
was detached from the quotation of Orleans Railway
shares, and a coupon of 20f. from that of Western
of France Railway shares. The dividend of the
Lyons Company is announced at 63i per share.
At least 66f. seems to have been expected. Specula.
tion on the Bourse is apparently adverse to the latter
stock, for, dating from the present season, the new
shares will participate in dividend, and the aggre-
gate traffic is some 100,000 E ler than at the corres-
ponding period of last year. The dividend of the
Eastern of France Railway Company has been fixed
at 17f. 83c., making a total distribution of 37f. 83c.
for the year 1867. This announcement seems to
have been received with satisfaction.

The last overland mail from India has brought
the following amounts of program in the works of
the Bombay, Barods, and Central India Railway
Company. The entire earthworks of 160 miles from
Burst to Ahmedabad are on the eve of completion,
mveral miles of iron way having been laid down.
The ballasting engines had arrived and were running
on the line. The first large bridge was all but com-
plete. This section embraces all that the company
had the power of working upon by the possession of
land. They are now actively engaged on the work-
ing surveys on the extension line to Bombay lately
conceded to them

TttEsDAT EvlNT?ril.

The funds this morning were heavy, and at one
period a fresh decline of per cent. was presented.
In the afternoon, however, a decided rally set in,
and the closing quotations were per cent- above
those of yesterday. Apart from the preparations for
the settlement, the current business exhibits no yea-
tore of interest. The principal movement in the
Stock Exchange was in English railway shame,
which experienced a partial recovery from the late
depression, owing to re-purchases by recent specula-
tive milers, more firmness in the provincial markets,
and the anticipation of an improvement in the traffic
consequent upon the Easter holidays.
Consols, which were quoted at 4 o'clock yesterday
981 " buyers " for money and Thursday next,
opened this morning at NI to I, receded to 961 to
1, and closed at 981, " buyers." For the Bth of May
the last price wee 98/ to The regular re-opening
of the transfer books of the stocks lately shut will
not take place for some days, but transactions have
commenced by private transfer. The official business
report is as follows :—Three per Cent. Consols, for
messy, 981, 1,1; ditto, for account (Bth April),
981, 1. 1. Three per Cent. Reduced, 951, 95} ex
div. New Three per Cents., 951, 951, 951 ex div.
Bank Stock, 221 ex div. Threvrand-s-Half per Cent.