The Express.
London, England, 1857-04-17 00:00:00

MONEY MARZET.-THIS DAY.

Two o'CLocw.

The fonds to-day have attained a fresh im-
provement of I. per cent., and the general tendency
of the Stock Exchange markets is more favourable.
Consols for the 7th May have been dealt in at
93+ to and are now steady, at 931 to I. For
money the present quotation is 921 to 93. The
Three per Cents. Reduced are marked 911 to
the New Three per Cents., 911 to 92; the New
Two-and-a-Half per Cents., 76; Exchequer Bill,
March, Ss. to 4s. dis., being again lower • ditto,
Tone, 10s. to 3s. die.; India Bonds, Si. L. and
Exchequer Bonds, 1838, 981 to IF
Turkish Six per Cents. remain steady at 941 to
for the 30th inst. Other foreign securities are
fairly supported, but very quiet. The sales are
limited to Dutch Two-and-a-Half per Cents. at 64/

(exch. 179.); Danish Five per Cents. at 101;
RussianFour.and-a-lialf per Cents. at 941; Sar-
-

dinian Five per Cents., at got ; Spanish Old Three
per Cents. at 41; ditto, Deferred Three per Cents.
at 24i.
It will be seen from the Bankruptcy Court report,
given in another column, that a dividend of 2s. 6d.
in the pound has been declared to-day in re the
Royal British Bank.
The public appear to have made some investments
on the recent fall. The demand for money in the
discount market continues active, and full rates
are exacted, but the supply yesterday was more
liberal than the day before. This was to be expected,
considering that during the present week between
600,0001. and 700,0001. in Australian gold has been
sent into the Bank—an operation which of course
involves the creation of an equal amount of notes.
In the Stock Exchange short loans on government
securities were obtainable on less onerous terms,
although considerable pressure was observed in con-
nexion with the settlement of the account in shares.
There were not wanting indications yesterday that
the Bank is disposed to be less stringent with its
customers. For instance, parties are known
to have obtained loans on stock for 14 days,
although it was recently decided by the directors to
restrict these advances to seven days. From indi-
cations of this nature it is argued that, although the
continued pressure last week must render the next
return an unfavourable one, the state of the Bank's
resources must this week have become less =satis-
factory. It is evident, however, that great caution

is still neomsary.
In the present straitened position of the Bank's
resources some discussion is excited as to the effect
which the repayment of the two millions of Exche-
quer Bonds, falling due next month, will have upon
its reserve of notes.
We understand that the Russian railways arc to
be formally launched in this market at a very early
date. The subscription list is to be opened in Pans
from the 28th inst.
Some further moderate amounts of gold were sent
into the Bank yesterday. The whole of the late heavy
supplies appear now to have been cleared off the
market.
The Parana will take out from Southampton to-
day 60,31 W. in specie for the West Indies, B:e.,
10f which 44,3101. is in gold, chiefly sovereigns, and
16,0001. in silver.
The Tagus has brought about 4,0001. in specie
from the Peninsula.
Large quantities of silver are still being drawn
almost daily from the Continent, and preparations
for effecting shipments by the steamer Indus, which
will leave Southampton for Alexandria on the 20th
inst., are prosecuted with great activity. In many
quarters it is thought that the aggregate remittances
by this vessel will not fall far short of 750,0001.,
nearly all in eller; and drawn principally from the
Continent. The payments to the Continent for theme
supplies of silver seem at present to be effected
through the medium of bills, but it will not be un-
reasonable to 'legume that a continuance of the move-
ment now witnessed may ere long depress the con-
tinental exchanges, so as to allow of renewed ship-
ments of geld from this side.
The dollars brought by the steamer La Plata
were sold yesterday for China at ss. Old. per or., be-
ing the same price as was realised for the supply re-
ceived in March. - .

Telegraphic amounts from Constantinople announce
an advance in the exchange on London to 124 to
126 piastres, owing to the doubts entertained relative
to the cotabliahment of the long-promised National
Bank,

The Paris advice. indicate moderate rates of" con-
tinuation" at the half-monthly settlement in railway
shares now in progress on the Bourse.
From day to day constant additions are made to
the mass at securities 'Boat at Paris. The Paris
Oas Company have just decided upon raising a loam
of 440,0001.
We are sorry to learn that the first issue of a
series of bonds of the important city of Montreal
(Canada), which became due the Ist of March last,
were not, and have not since been, paid. This re-
mark applies to the principal, the interest having
been met with punctuality. This default is to be
regretted, as tending to injure the credit of other
Canadian cities, and, indeed, Canadian securities

. .
PnTehielltyal Mail steamer Columbian arrived at the
Cape of Good Hope on the 18th February, on her
way to Melbourne, having been 35 days on her pas-
sage from Southampton.
At the meeting of the Royal Mail Steam Packet
Company to-day the report, which recommended, in
addition to the usual dividend of 2L per share for
the half-year, a bonus of 11. 10e. out of the surplus
of the insurance fund, was adopted.
The animal meeting of the proprietors of the Na-
tional Provincial Bank of England is called for the
14th of May.
A dividend of 14s. per share is advertised on the
shares of the Law Reversionary Interest Society.
The position of the market for American semi-
ties is thus notioed by Messrs. D. Bell, Son, and
Co..

There is no clomp to notice in the market for American
securities. Badness continue* ineetive, and prior remain
may.
The report of Mr. E. F. Satterthwaite is sub-
joined:
The market for American securities in London has been
affected by the high rate prevailing for money. We note,
however, a quiet but steady demand for investment in the
best minuitiss. Illinois Central shame have been sold at
lower rates. Construction Bonds were fat en the earlier part
of the week, but dose exceedingly arm at the highest ponds.
We vote sales of Joliet and Northern Indiana Erie ISM
1871, Detroit and Milwaukee, Pennsylvania Central, and
New York Central Honda, at our quotations.

TaruDLT EVENING.

The funds to-day were firmer, especially after it
transpired that the weekly court at the Bank had
broken up without making any alteration in the
terms of that establishment. The rally in Consols
scarcely exceeds 3 per cent., but the market was
stronger in character.
The railway share market was very buoyant, many
classes of docks rising Ito 3 per cent. It will be
seen, however, from our report of this market, that
speculative buyers have been heavily mulcted at the
present settlement.
Consols, which closed yesterday at 93, "buyers,"
for the 7th May, opened this morning at the same
quotation, improved to 933, and closed at 931,
"sellers," the price for money being at the same time
925 to At half-past 4 the market was somewhat
firmer, at exactly 933, for May. The official busi-
ness report is u follows:—Threes per Cent. Con-
sols, for money, 925, 5; ditto. for amount,
7th May, 935, 933. ihree per Cents. Reduced,
911, 5, f. New Three per
Cents., 91i, 3, I, 3, I-
Long Annuities, expiring in lan., 1860, 2 7-18,
23.
i'rtteilleers Annuaire, Oct., 1859, 2 6-18.
Bank 213. India stock, 222, 221. India
Bonds, 4a.
The March Exchnclorr Bills were reseed for sale
this morning, and have fallen to 4a. dm. to par. The