The Express.
London, England, 1868-04-20 00:00:00

madif X 1

olds O'CLOCK.
The stock markets to-day are geassolly firm, with
an increased amount of business, including many
bona file purchases. The political features a the
moment, both bete and abroad, are considered
satisfactory, while it is anticipated that a conside-
rable amount of gold will be sent into the bank
during the week. Consols are inquired for, and
have risen 1-16 per cent. Railway stocks have
advanced Ito I, the most important movement
being in Caledonian London and North Western,
Great Western, Midland, and Great Eastern.
Some of the foreign bonds are to better.
There is a good demand for money, and the rate
for the best three months bills is 2to 2i per oent.
A considerable amount of business is, therefore,
driven to the Bank of England, and it is conse-
quently thought in some quarters that that eats-
blishment may soon raise its rate of discount to n
per cent. The charge for loans in the Stock Ex-
change is 1 per cent.
Consols are quoted 93 5-16 to 7-16, or 931 for
money and the account (May 5), and the Three per
Cents. Reduced and New Three per Cents., 92
to k.

The railway market is firm, and a rise of } to 1
per cent. has taken place in most of the principal
stocks. Caledonian, 72/ to 73}, ex div. ;
London and North Western, 116} to 116} ; Great
Western, 50} to 3 ; Midland, 107} to 3 ;
London and South Western, 874 to 88}; Great
Eastern, 34} to 3 ; Brighton, 524 to 53 ; South
Eastern, 74} to } ; Metropolitan, 112} to 3 ;
Great Northern, 102} to 103} ; ditto A, 984
to 94} ; London, Chatham, and Dover, 19} to 1 ;
York and North Midland, 921 to 93} ; Berwick,
101 to } ; and North British, 33} to 1.
Foreign stocks are in demand, and the tendency
of the market is favourable. Chili= of 1867, the
Viceroy of Egypt's Loan, Italian of 1861, and
Peruvian of 1866 have risen 1 to } per oent., and
Turkish of 1865, }. Annexed are the quotations :
Brazilian of 1865, 744 to 75 ; Chilian of. 1867,
90} to 91} ; Egyptian of 1864, 80} to 81} ; ditto,
Viceroy Loan, 71} to 1 ; Italian of 1861, 47/ to
; Mexican, 15} to 1 ; Peruvian of 1865, 81} to
82 ; Russian of 1866, 854 to 86} ; Spanish of
1867, 35} to 3 ; Turkish of 1858, 594 to 60 ;
ditto of 1862, 63 to 64 ; and ditto of 1865, 341
to I.

Indian stocks are in moderate demand. The
Five per Cents. are at 141 to 1; the Four per
Ceuta., 1001 to 101 ; the Bonds, 275. to 325. prem. ;
and the Five per Cent. Debentures, 105 to 4 ;
Bank Stock, 243 to 245 ; and Exchequer Bills, 15s.
to 20s. prem.
The market for bank Awes is inactive. London
and Westminster, 87 to 68 ; Australasia, 534 to
544 ; Oriental, 421 to 431 ; Anglo-Aus-
trian, 44 to 4 prem. ; London and Brazilian,
30 to 25 clis. ; Imperial Ottoman, 4 to 4 prem. ;
and Consolidated, 4 tc 4 prem.
Financial shares are unchanged. General
Credit, 2* to 4 die. ; Credit Foncier, 71 to 7 dia.;
International Financial, 2 to 11 dia. ; and London
Financial, 24 to 22 dia.
There is no variation in miscellaneous shares,
with the exception of a trifling rise in Anglo-
American, viz., to 231 to 4. National Dis-
count, 54 to 4 prem. ; Hudson's Bay, 14 to 4 ;
Egyptian Trading, 5 to 44 dia. ; Telegraph Con-
struction, 13 to 4 ; and Atlantic Telegraph Eight
per Cent. Preference, 54 to 4.
United States 5-20 Bonds and Erie Railway
shares are unchanged, at 701 to 1 and 48 to *,
respectively, but Illinois Central are i lower, at 93
to 4.

The MAlN:tuff has arrived from Melbourne with
290,0001. in gold, and the City of Washington, from
New York, with 11,5001.
The traffic return of the Great Western Railway
of Canada for the week ending the 17th inst.
shows an Warsaw of 1381. over hat year.
With reference to the Central Argentine Railway,
warrants have been issued, payable at the London
and Westminster Bank, for the eighth half-year's
interest at 7 per cent. on the capital called up,
and paid to the 25th March last.
It is notified that the excess dividend on
Zealand Railway shares for the year 1867 of
11 per cent., or ss. per share over and above
the interest of 4 per cent., guaranteed by the
Danish government, will be paid by Messrs. C. J.
Hambro and Son on the 25th inst.
HALF-PAST ONE O'CLOCK.
Consols are steady, at the above mentioned
quotation. Railway stocks are still in request, and
Caledonian, London and North Western, Midland,
and Great Northern A have improved to per
cent. since 1 o'clock. Great Eastern, however, has
relapsed I. In the foreign stock market, Mexican
and Turkish of 1865 are to higher.
It a now nearly two years since the panic, and ex-
perience goes to show that after a commercial crisis
at least two years must elapse before people regain
sufficient courage to embark in any but the most or-
dinary forms of enterprise. Judging from the part
there ought now to be a good prospect of revival, and
the chief question of debate amongst bumbles, men
is, whether it will take place soon, or be deferred
until after the harvest. It is, perhaps, reasonable
to conclude that, should political affairs keep quiet,
the signs of amendment which have lately become
manifest in commercial and financial balminess
will gradually acquire strength in proportion
as we draw farther away from she recent
disasters. It is agreed on all hands,
however, that, in the event of a good
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