The Express.
London, England, 1858-05-18 00:00:00

THE EXPRESS, TUESDAY EVENING, MAY 18, 1858.

SHARE LISTS.-THIS DAY.

Two o'omm
Business in the railway share market today has
L almost at a standstill. Midland stock has
&maned about I per cent., being now quoted
991 to 93. Some of the beerier stocks
ban declined about per cent.; but
ia most cases priose are steady. London and North-
Western stock is now quoted 934 to 94 ; Great
Western, 651 tot ; Lanca.hire and Yorkshire, 914 to
92; London and South-Western, 474 to 48 per
share; Orem Northern, 231 to 284; and Eastern
Ooanties, 121 to 1.
Foreign and colonial lines are also extremely
quiet. The Indian stocks exhibit no reoovery.
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MONEY MARIE7-THI4 DAY.

Two o'CLoaL

The funds remain firm at the closing quotations
of yesterday, from which they have scarcely varied
throughout the morning. In every department of
the Stock Exchange business is almost suspended,
owing to the existing political uncertainty.
Consols are very quiet, at 971 to 1 for money, and
971 to 1, for the 3rd of June. The Three per
Cents. Reduced have been dealt in at 961 to
96; the New Three per Cents. at 96 to I ; the New
Two-and-a-Half per Cents., at 801 ; Exchequer
Bills, March, at 40e. to 41s. prem. ; ditto, June,
at 375. to 40s. prem. ; Exchequer Bonds, 1869,
at 1011; and India Bonds at 225. prem.
The new Indian Four per Cent. Debentures have
been dealt in at 1001 ; and the Scrip at 1001.
The transactions in the foreign stock market
have been trifling. Turkish Six per Cents. are
quiet, at 961 to 1. Buenos Ayres Bonds
continue in demand. Other foreign descrip-
tions are nominally unchanged in price. Sales are
recorded as follows :—Buenos Ayres Six per
Cents., for account, 83; ditto Deterred, 181;
Peruvian Three per Cents., for account, 63 ; Russian
Four-and-a-Half per Cents., 1021; Turkish Bix per
Cents., for account (May 31), 961, 961.
The money market yesterday was quiet, the de-
mand having slackened. At the Bank there were very
few applications, and in the open market first-class
bills are discounted at 21 to 2/ per cent.

The official notice relative to the renewal of the
Exchequer Bills which fall due in June will be
issued in a few days. It is expected that the rate of
interest offered on the new bills will be the same as
that now paid on the March issue—via, 2d. per 1001.
per day, or 31. Oa. 10d. per cent. per annum.

The stock of coin and bullion now held by the
Bank of England and Bank of France is almost
identical, being (according to the last returns)
17,797,7071. in the former cup, and 17,706,0001. in
the latter. The aggregate is no less than 3.4 mil-
lions sterling.
The 381,6001. in gold brought from Melbourne by the
Swiftsure, Thames, and Morning Star, was delivered
yesterday, and about 180,0001. was purchased for
transmission to the Continent. Of the residue, it is
believed that a portion will be sent into the Bank.
The Walter Hood and Granite City have also
arrived from Sydney, but neither of these easels is
known to have any gold on freight.
Only three gold vessels from Melbourne are now
actually known to be at sea, viz. :—The Medway
(out 77 days), with 38,4001. ; the Indemnity (out 73
days), with 44,5001.; and the Red Jacket (out 89
days), with 160,9001. The steamer Victoria, how-
ever, is due at Suez on the 23rd inst., and is ex-
pected to bring advices to the 11th of April from
Sydney, and to the lath idem from Melbourne,
besides a considerable quantity of gold.
The demand for silver for exportation to the East
shows signs of revival, and it is anticipated that the
Colombo on the 20th inst. will take out about
160,0001., a considerable portion of which will be
for China.

The Canada, from New York, boa brought no
specie; bat, according to the latest telegrams re-
ceived rid Boston, the exchange at New York on
London had advanced.

Complaints are made of a new rule just adopted
by the Custom-house authorities in the clearance of
gold at the Bank of England. Hitherto a Customs
officer has attended at the Bank and cleared the
whole amount of gold brought by any one vessel.
Henceforward, it would appear, separate applica-
tions soliciting the attendance of an °Seer are to be
made by each of the firms interested. As the carry-
ing out of the new rule will involve a great deal of
trouble and loss of time without corresponding
advantage, hopes are entertained that it will be
rescinded.

The heavy portion of the Calcutta and China
mails are expected to reach Southampton on Thurs-
day, on board the steamer Indus, which will also
bring 4,3601. in specie.
A telegram from St. Petersburg quotes the price
of tallow at 170 ro. for delivery in June, and 162 ro.,
with 10 ro. down, for August.

The wheat market yesterday was firm, and, in
some oases, a trifle dearer than on the previous
Monday.
The ships William Stewart and Lockett have
arrived from China with 1,292,8001b5. of tea and 339
bales of silk.

The depression of the guaranteed Indian railway
stocks continues to form a feature of the Stock Ex-
change. The unfavourable movement is in no de-
gree occasioned by distrust of the intrinsic manta of
this clam of property. The eagerness with which
investors are prepared, in the present state of the
money market, to embark in Indian government
securities is attested by the firmness and high price
of the new loan. The anomaly presented in the
simultaneous appreciation of the Indian loan and
depreciation of the guaranteed railway securities is
explained by the circumstance that there is no appa-
rent limit to the creation of the latter. It would
really seem, however, as if a limit were about to be
imposed by the operation of the laws of supply
and demand. At • moment when two millions
more are being asked for by the Great Indian
Peninsula Company, and a like sum by the East
Indian Railway Company, there are symptom.
that the market has already taken up as many of
these securities as it can at present carry. The shares
of the Punjanb and Eastern Bengal Companies, the
New Scinde Railway share., and the Madras Third
and Fourth Extension shares—all of which possess
a guarantee of 6 per oent.—have descended to par to
I prem. Unless some measure is observed in the
future issues, the next step in the process will pro-
bably be the refusal of existing holders to subscribe
to fresh creations, even with a 6 per cent. guarantee,
for, with most persons, the chief inducement to do so
depends upon the maintenance of the new shares at
a premium in the market.

The advice* from Paris describe increased heavi-
ness on the Bourse as regards many of the securities
known to be held by the Credit Mobilier Society.
Amongst others, the shares of the Southern Railway
Company of France have lately sustained a farther
severe fall, which is ascribed in part to the evil
effects of the competition carried on between that
undertaking and the Languedoc Canal. It is alleged
that of the 9,200,0001. of new railway obligations,
the placing of which during the present year is en-
trusted to the Bank of France, about 4,000,0001. has
already been worked off. Surprise cannot be felt at
the heaviness of the Recites, and of all other securi-
ties, in face of this wholesale issue of new bonds upon
tempting terms. It must he borne in mind, too, that
the money derived from the new bonds which are
being thus forted out is to he applied in moot in-
stances to the construction of branches and exten-
sions, which can scarcely fail to reduce the rate of
dividend of the parent undertakings.
The Brighton Railway traffic return shows a de- ,
crease of 1011.
The weekly traffic return of the Great Western
Railway of Canada presents a decrease of 2,9611.
The half-yearly interest is advertised on the Sar-
dinian Five per Cent. Loan.

YOXIIAT Ernwurs.
So long u the fate of the Administration hinge in
the balance, the stock markets cannot be expected to
show animation. To-day basin's, was extremely
inactive, bat great firmness prevailed. Consols
closed 1-16 to per sent higher than on Saturday.
English railway shares were genteelly better. The
rapid influx of gold and the prospect that the Bank
will recover at least a portion of the sum lately
withdrawn from it, promoted a more favourable
foaling to-day..
. _

Consols, which closed on Saturday at 97 7-16,
"buyers," for the 3rd of Jane, opened this morning
at 971 to 1, and rimed at 971 to 1. For money
the last price was 971 to 1. The sAoial business
report is as follows t—Thres per Cent. Comb, for
nosey, 971, /, I, 1,1, 1; ditto, for account (3rd
thump), 971, 971 l Throe per Cent Reduced, 96, 951;

New Three per Cents., 98, 981, 981; Long Annuitift,
expiring in lan., 1880, 11 ; Bank &mkt 221, 224 ;
India Stook, 229, 224.

The New Four per Cent. Indian Debentures were
dealt in at 1004 to ; the scrip at 1004 ; and Ex-
chequer Bonds, falling payable in 1869, at 1014 to Z.
The Match Exchequer Bills were quoted 41s. to
435. prem. ; the June Bills at 375. to 40a. prem.;
and India Bonds at 22.. to 245. prem.
Turkish Six per Cents. were prejudiced to-day by
the news of the defeat said to have been sustained by
the Ottoman forces on the borders of Montenegro.
The closing quotation was 984 to 4, being I to 4 Per
cent. below that of Saturday. The Guaranteed Four
per Cents. were quoted 104 to 4. The publication
of the report of the New Grenadian Minister of
Finance led to a few inquiries for the bonds, of that
republic. In other foreign stocks there was little
business.

In the market for bank shares today, the only
feature was a decline of 10s. in those of the Oriental
Bank. Royal Mail Steam shares were quoted U.
higher. Canada Land and Pesinsular and Oriental
Steam were also inquired fur. East and West Indio
Dock Stock was officially marked 124 and 121:et
London Dock, 1081 to 107. Crystal Palace
were inqnired for and firm, at 1 to IL
Colonial Government securities continue in demand
and era.