The Express.
London, England, 1857-03-13 00:00:00

It

MONEY MARKET.-THIS DAY.

Two o'CLoct.
The funds remain perfectly stationary in price.
In the other departments of the Stock Exchange
there is no feature of striking novelty, steadiness
being generally maintained.
Console arc quiet, at 931 to for money, and 93e
to l, for the Bth April. The Five per Cent. Annuities
are officially marked 1141; Exchequer Bills (June),
par ; Exchequer Bonds, 1839, 981; and India
_ _ _

Honda, 2s. dis.
Turkish Six per Cents. are a little flatter, at 971
to ; and the Guaranteed Four per Cents. at 1001
to 1011. Mexican Bonds have been dealt in at
221 for money, and 231 for the 17th of
inst.; Peruvian Four-and-a-Half per Cents., at 78,
781, and 781 ex div. ; Russian Four-and-a-Half per
Cents., at 981; and Spanish Old Three per
Cents., at 41, for the 17th inst. Mexican Bonds
are now quoted-231 to 1.
To-morrow will be " making-up day" in the
share market. The fortnightly settlement in shares
and foreign stocks will engage attention on that day,
Monday, and Tuesday.
The gold cx the Mermaid and Blackwell, re-
presenting a total value of about 540,0001., was deli-
vered yesterday.. A sum of 50,0001., consisting of
sovereigns, goes into the Bank ; but the whole of the
remaining amount has been taken for exportation to
the Continent, partly for the Bank of France and
partly to pay for silver. During the present week the
imports of silver from the Continent have been very
large. Four steamers—viz., the Albion and Rhine,
from Boulogne, and the Dolphin and Baron Osy,
from Antwerp--aro computed to have brought an
aggregate of about 100,0001. These supplies are
chiefly paid for in gold.
The telegraphic advises received in anticipation
of the overland mail report an advance in the rate
of exchange at Calcutta, which is quoted in some of
the reports at 2s. 21(1., and in others even as high as
2s. 2141. At Hong Kong the quotation is 4s. 9d.,
showing firmness. As regards Shanghai and Bom-
bay little alteration is observable. Lpon the whole,
the advices now to hand involve no check whatever,
but rather additional encouragement, to the remark-
able flow of silver to the East. It is consequently
expected that the remittances by the Pera on the
20th instant will reach about 700,0001. En-
moments to the extent of 500,000/. have already
been made, and shipments can be effected until Wed-
nesday evening next. As we have before mentioned,
the I'era will take direct mails and specie for China,
as well as for India, under the new arrangement
which now comes into operation.
The Violet has arrived from Foo-chow-foo, with
584,8001b5. of tea on freight.
In the Bankruptcy Court yesterday was brought
forward the first petition for the windm!rup of a com-
pany constituted under the Limited Liability Act
of 1816. The company to which the present peti-
tion refers is the Patent Deodorisation and Manure
Company. The company is allowed four days to
show cause " against it.
The following memorandum, which is from the
Scinde Railway Comeau, is also of interest to the
shareholders in the Funjaub Railway Company :
Advice s have been received by the last Indian mat that
the authorities have definitively adopted the line of the
Scinde Railway Company, viz , from Kurrachee to a point of
the Indus near Hydrated. A letter has also been received
from Mr. William Brunton, the superintending engineer of
the Punjaub Survey, dated Lahore, Jan. 19, 1817, in which
he says. " I shall be able to get plans, sections, and esti-
mates np this veld season for the whole length. As far as
I ace, I have no difficulty, either with regard to ballast or
Reeds. It will be a very cheap line, and quickly made. It is
wanted bT every person."
The directors of the lonian Bank have declared a
half-yearly dividend, at the rate of 5 per cent. per
annum.
All classes of stock in the Great Northern Railway
Company fell 1 per cent. and upwards yesterday after- ,
noon, upon the proceedings at the meeting becoming
known, which were of a stormy character. The com-
pany is legally incapacitatedfmmdeelaring a dividend ,
under present circumstances; and there being little
prospect of passing a special bill through parliament,
unless after great difficulty and delay, the meeting
to-day adopted a resolution authorising no dividend,
but empowering the directors to apply the balance
which would under ordinary circumstances be availa-
ble for dividend towards cancelling an amount at
stock equal to that fraudulently issued by Redpath.
Sambre and Meuse Railway shares experienced an
extraordinary rise yesterday. Rumours of nego-
tiations with neighbouring companies are again
circulated.
A cull of 2/. 10s. is to be paid on the new shares of
the Great Western Railway Company of Canada by
the 30th May. The half-yc•arly meeting is called for
the 9th April, in London. There has been an in-
creased demand for the shares of this company
during the last two days, owing to favourable re-
, ports relative to the forthcoming dividend.
The half-yearly meeting. of the General Screw
Steam Shipping Company is called for the 27th
instant. The accounts are open to inspection.
The position of the market for American securities
is thus noticed by Messrs. D. Bell, Son, and Co.:
There has been en increase of activity in the market foe
American securities during the past week. A fide demand
for State stocks in general, and a brisk business in the
favourite railroad bonds.
The report of Mr. E. F. Satterthwaite, relative
to the market for American railway securities, is

subjoined:
Business in American sectuities in London has been
limited during the past week, with more disposition to realise.
We note at the close some considerable transactions in
klielnimn Central bonds, 1869, and Illinois Central Free-
land bonds.

THURSDAY EVENTRO.

The funds to-day were steadier in character, but
business was dull. Prices closed the same as at
4 o'clock yesterday. British railway stocks attain( d
a slight improvement in the morning, but after-
wards relapsed. The re-exportation of nearly the
whole of the large remittances of gold just received
from Australia occasions a certain feeling of &ap-
pointment. These supplies operate, however, as a
check to the withdrawals from the Bank.

The demand for money in the discount market
continues steady. In the Stock Exchange the cur-
rent rate for short loans on government securities is
about 6 per cent. The parties who are engaged in
remitting gold to the Continent have been borrowers
of money to the extent of about half a million
during the last day or two, and this demand, though
merely temporary, exercises a certain influence.
Consols opened and closed at 931 to ;I for money,
and 933 tot for the Bth April. From these rates
there was scarcely even a fractional variation
throughout the day. The official business report is
as follows : —Three per Cent. Consols, for money,
931, 3,1, f,; ditto for account, Bth April, 931.
Three-and-a-Half per Cent. Exchequer Bonds, fall-
ing payable in 1838 and 1839, 981. India Bonds,
23. prem.
Exchequer Bills (June) remain quoted par to
3s. prem. ; and Exchequer Bonds, 981 to 1.
Turkish Six per Cents. were quiet during all the
earlier part of the day, but experienced a sudden
rise in the afternoon, and closed 3 per cent. higher
than yesterday, at 971 to t. The Guaranteed Four
per Cents. left off the same as yesterday, at 101 to 1.
Mexican Bonds have risen about t per cent., and
Spanish have also improved. It is stated that some
large purchases of Peruvian stock have been made
during the last day or two for the sinking fund, but
the price has not advanced, because speculative
purchases bad previously been induced by the pros-
pect of this absorption.

The Paris spring races, which are to come off in
the new cougar at Longchampa, between the Bois dc Bou-
logne and the Seine, hare been dud for the 26th April, and
the 3rd, 7th, and 10th May. The opting races of Chantilly
have been fixed for the 17th, 21st, and 24th May.
The 06serrateur du Dinumelle states Dint reepect
for the Sabbath is certainly gaining ten''
in France. The
Bishop of Roder, has just written, it oapt, to the committee
at l'uris to say that in Lie diocive infra none of the Avers-
ance doe to the Lord's-Day base become the exceptions.
Several associations in the diocese of Canvosonne have lately
joined the Paris committee ; and the notarise of Anicoult-we
have just decided that their officio shall for the future be
I closed oa Sundays and few clays.