The Express.
London, England, 1860-04-27 00:00:00

1 188,.

MONEY MARKE2.-THIS DAY.

Two o'Cloolc.

The funds to-day have not varied from yester-
day's quotations, business continuing limited. In
the share markets prices are likewise nominally
unaltered, attention being almost exclusively
directed to the fortnightly settlement, which
has oommenced this day. (hying partly to
the recent rise and the value of money, the rates of
" continuation" in some of the British railway
stocks are rather heavy.
At Paris this morning, acoording to Mr.Reuter's
telegram, the Three per Cent. Rentes opened at
70.70, and thence receded to 70.60, being, however,
/ per cent. better than at the close yesterday.
Consols are officially marked 943, /, and 1 for
money, and 941 for the account. The pre-
sent quotations are 94/ for money, and
94/ to 96 for the 9th of May. The official
business report is as follows :—Bank Stock, 226 ;
Three per Cents. Reduced, 931, ; New Three
per Cents., 931, j, ; India Stock, 219 ;
Indian Five per Cent. stock, 1869, look,
; Five per Cent. " •enfaced" rupee paper, 981 ;
ditto Five-and-a-Half per Cent., 103/ ; Indian Four
per Cent. Debentures, 1869, 961 ; India Bonds,
10s. dia. ; and Exchequer Bills, 6s. prem.
The foreign stock market remains steady. The
Turkish Loan of 1854 is quoted 761 to 77, ex
div., and that of 1858, 64 to I.
Russian Three per Ceuta. are again better.
Sales are recorded as follows :—Brasilian Four-
and-a-Half per Cents., 1860 (scrip), / din ; Mexican
Puree per cents., 214 ; Portuguese Three per Cents.,
1863, 431, 44 ; Russian Three per Cents., 1859,
661 ; Sardinian Five per Cents., 85 ; Spanish
Three per Cents., 471 ; ditto Now Deferred Three
per Cents., 360 ; ditto, for account, 36,3, ; Turkish
Six per Cents., 1854, 76/, ex div. ; ditto, for
account, 77, ex div. ; ditto, Six per Cents., 1858,
813 ; ditto Guaranteed Four per Cents., 101/.

The shares of the Union Bank of London have
been in better demand to-day. Transactions
are officially recorded in the Stock Exchange
at 23, 234. 23k, 24i, and 24. The present quota-
tion is 23} to 24, being 11. above that current at
the close yesterday.
In the disoount market yesterday the best short
bills weretaken at a reduction of I to 1, per cent. from
the Bank rainistsm. The applications at the Bank
were upon a quiet scale, and confined to the regular
, customers of the establibhment.

In the Stock Exchange there was a plentiful
supply of money at 3 per cent on government
securities.
A payment of 2,630,0001. falls due on Monday on
the Victoria Government Loan.

Of the 482,000/, in Australian gold known to

on the way to'England, 341,0001. is now fully
by the Greyhound, Monarch, Norwood, an
Chief, and Montmorency ; and the rteidue, 141,0001.,
by the Lightning and Lincolnshire, ought to arrive
within two or three weeks.
The Bank of England have acceded to the new
arrangement, already adopted by the Committee of
Bankers, for closing banking business at 3 o'clock
on Saturdays, instead of 4 o'clock, as hitherto. It
will come into force on Saturday, the 19th of May.
It is hoped that the whole body of customers of the
banks will endeavour to assist the easy working of
the new arrangement, by transacting as much of
their banking business on Fridays as possible. The
success of the alteration will pave the way to fur-
ther gain in the same direction.
Each fresh item of intelligence relative to the
Union Bank frauds continues to be canvassed with
the utmost eagerness. As usuall), happens in an
excited state of the public mind, in the absence of
new facts, numerous wild rumours meet with ready
circulation. It was currently reported yesterday, for
example, that a defcieimcj 100,0001. had been
discovered in the Union Bank's stock of Exchequer
bills ; but, upon application at the bank, the
report was met by the unmet explicit contradic-
tion. The public must be upon their guard
against rumours of this character, coined by the
designing and circulated by the idle. Yesterday
Edward Lyttleton, the cashier under Pullinger,
was brought up at the Mansion-house, charged
with stealing "on or about the 21st inst. ' a sum of
1,2401., belonging to the bank. The prisoner was
remanded for a week. It appears that, although
no reference was made to this minor matter in the
special report which was issued by the directors ou
Tuesday last, the existence of the deficiency in
question was detected on the previous Saturday. In
the interval, Lyttleton has been under suspension.
It is alleged that the sum of 1,240/. which forms
the foundation of the present charge against
him, was handed by him to Pulliuger from
the till, and that false entries were made to conceal
the transaction. To what further extent he was
involved in Pullinger's misdeeds remains to be shown
in a court of justice. It is announced, however, on
behalf of the bank, that the amount of this defalca-
tion is included in the total of 263,0701. mentioned
in the directors' report, and that that sum repre-
sents the full estent of the loss which has come
under their notice. No irregularity has been dis-
covered in any other department than that of the
cashier's. From the circumstance that shares in
English mines, the transfers for which are signed
by Pullinger, have within the last two or three
days been sold for account of the Union Bank, it
is inferred that the culprit evinces a dis-
position to make seine slight atonement
for his crime. He can undoubtedly, if he
choose, clear up the whole of the mystery which
at present enshrouds this gigantic fraud. Mean-
while, the investigation by the directors is being
actively continued. In answer to the applica-
tion from the Stock Exchange committee, who
requested to be furnished with the parti-
culars on which the directors founded the
statement in their report relative to Pullinger'a
speculation's in that establishment, the directors
have intimated that they consider it most
advisable to let the prisoner's examination (fixed
for to-day at the Mansion-house) pass over before
they give any further explanations. In this de-
cision the directors are probably actuated by an '
unwillingness to do anything which may possibly
interfere with their endeavours to unravel the rami-
fications of the affair. It is understood that
Pullinger upon various occasions operated largely
through an outside" speculator, who died about
a twelvemonth back. The trainer whose name has
been mentioned in connexion with the prisoner's I
speculations on the turf has come up to London.
The question that excites chief discussion has
reference to the mode in which the enormous sum
represented by Pullinger's deftelsations has boon dis-
posed of. As long as the mvestigat ions are in progress%
the directors cannot be expected to state publicly all
the circumstances that may come to their knowledge,
but the sooner they notify their intention to con-
vene
I a special general meeting of the shareholders ,
the better. The fall in the value of the share- ;
holders' property shows how sensitive is the state of
public feeling. A thorough investigation into the
ink's affairs at every point, and the most complete
publicity, are essential to the restoration of the
establishment to its former position in the estima-
tion of the public.
The fourth call of 31., snaking 131. paid, is to be
paid on the shares in th Groat Southern of India
Railway Company by the Ist of June.
The Eastern Counties Railway traffic return
shows this week a decrease of 220 P. ; the Midland,
an increase of 2,815/. ; the Manchester, Sheffield,
and Lincolnshire. a decrease of 3301. ; the Lan-
cashire and Yorkshire, an increase of 2,021111. ; and
the North Eastern, au increase of 1,566/.
The following notification, relating to the Indian
rupee paper, was yesterday issued from the India-
office :

"101171CATICV.
TLe Secretary of State for India in Council hereby gives
antics that the Indian government promissory notes issued
with coupons attached m..y, upuu surrender, be reps-
tared in the books in this ullice, to us to admit of the sale