The Express.
London, England, 1857-07-27 00:00:00

a 1

MONEY MARKET.-THIS DAY.

Two O'CLOCK.

The funds are very dull to-day, in aadeipation of
the Overland Mail, which is hourly expected. After
declining 1 per cent. prioes are now quoted about
1-16 per cent. lower than on Saturday afternoon.
Consols receded this morning to 911 to 911 for the
16th August, and are now quoted 911 exactly.
For money the price is 911. The Three per
Cents. Reduced are marked 911 to 3 ; the
Now Three per Cents., 911 to 92; Bank
Stock, 215 to 216 ; Exchequer Bills, 6.. to 2s.
du.; Exchequer Bonds, 981; and India Bonds,
265. du.

Turkish Six per Cents. are weaker, being marked
Ott and 941. Other foreign stocks are very quiet.'
The sales are limited to Dutch Four per Cent.
Certifs., at 981 and 981; Portuguese Three per
Cents., 1883, at 481; Russian Five per Cents., at
; Spanish Three per Cents., at 401 ; and Turkish
Guaranteed Four per Cents. for account, at 1021.
The demand for money in the discount market con-
tinues steady at the Bank minimum rate. There
are in several quarters signs of a check to the down-
ward tendency of the rates of discount. The silver
drain has become more severe, and is leading to the
withdrawal of gold in larger quantities from the
Bank. Added to this, the general trade of the
eounta7, as indicated in the Board of Trade returns,
is still very active. During the next few weeks
large quantities of coin will be needed throughout
the country for harvest purposes. These influences
cannot fail to operate upon the money market,
although ultimately the securing of an abundant
harvest will oontribute powerfully towards inducing
an easier state of things.
- . . . _ _

The French advice* allege that the monied public
continue to absorb Treasury Bonds in considerable
quantities, notwithstanding the recent reduction of
i per cent. in the rate of interest borne by these
securities.

At Berlin and Hamburg Russian stocks exhibit an
upward tendency.
The Board of Trade Returns for the month of
June indicate that the increased export move-
ment witnessed during the whole of the
present year is not maintained in its
full activity. Last month's tables of ex-
ports showed an increase of 30 per cent. over
those for the corresponding month of 1866,
whereas it results from the present tables that
the exports in Jane, 1837, were almost the same in
amount as those in June, 1866. In the ant five
months of 1837 the increase over the corresponding
Ave months of 1836 was equal to 13 per cent., whilst
the ratio of increase in the returns for the six
months is diminished to 121 per cent. Still, this de-
notes an active state of trade. The increase over
the first six months of 1866 Is no less than 41 per
cent.

Some considerable withdrawals of gold from the
Bank of England took place on Saturday. We know
of 70,0001. being taken out to pay for silver on the
continent. A total of about 800,0001. in silver is
now engaged for shipment by the Ripon
for the East on the 4th of August, and the
total will probably reach, if it does not exceed, one
million sterling, provided the rates of exchange in
India come firm by the expected mail.
The imports of the precious metals newly reported
last week have been very small, including only
37,0001. by the North Star, and 10,4001. by the City
of Baltimore, both from New York, making a total
of 47,4001. The week's imports of silver from the
Continent, however, have been extraordinarily
large. In the shape of imports direct into London
we can trace an estimated total of about 230,0001.
This is irrespective of the large quantities of silver
drawn from the Continent rid Folkestone and other
outports.
The Custom-house weekly statement of the
exports of the precious metals direct Atom London
includes 14,004 ounces of gold and 912 ounces of
silver, representing a total value of about 55,0001.
The gold was despatched chiefly to France. The
particulars are subjoined, viz.:—Gold coin: to
Boulogne, 300 ounces; to Calais, 4,704 ounoes.
Oold ba : to Boulogne, 9,000 ounces. Silver coin :
to Boulogne, 830 ounces. Silver bullion : to Bel-
gium, 62 ounces.
The shipments from the outperts have been con-
fined to 50,0001. by the Tentome, for the Brazils.
The total ascertained shipments of the week, as
officially reported, axe thus raised to about 103,0001.
The remittances of gold in private hands to the
Continent, however, are known to have been con-
siderable, comprising nearly the whole of the specie
ex the Persia, and about 100,0001. taken from the
Bank.

The Continental advice§ report no important alte-
ration in the rates of exchange on London :—At
Paris on Friday the rate on London was
quoted 25.20 to 221 for short, and 24.85 for three
months; at Amsterdam, 11.821 offered for short ; at
Hamburg, 13.4} for short, and 13.11 for three
months ; and alVienna, 10.09.
The East India Company have determined to have
recourse to the Cape of Good Hope fora supply of
horses for service in India. The following notice to
fps shipping interesthas accordingly been issued from
the East India Hoses :
71310 HT FOR ROOM PROM THE CAPE OP GOOD HOPI,
sea L0)14.-1140, is 'rugby given to shipowners, colliers,
sad *garnets d asel le tbe ave of Good Hope, and others
tending Id& seitaydri sad with India, that the Governor
sad Olumalsr4f dais Owe of Good Hopshas an-
thsellgtei masa snob bases ailed to cavalry purposes se
taig is gresenabis, to the Meld el 1,000 to
provided
towage eon be obtained for doer eanveyance to India. The
Corsi of Director. of the MR India Company therefore no-
tify to the shipping interest la the United Kingdom that
freight of that description may probably be in demand at the
Cape of Good Hope.
The amount of bills drawn by the Eut India
Company on their respective presidencies, from the
10th to the 25th inst. (Saturday), is as follows:
Rate of Exchange.
MB=EMAIL 6s. 7d. 1 2. 0.
17,662 f. la. d. I • g". Par company's rupee.
Bombay, 2,818 f. 16.. Od. 28.01 d. per ditto.
Total, 256,7421.
This statement proves that money is at length
flowing more freely into the Company's Home Trea-
sury, consequent upon the recent reduction of Id. in
the company's rate of exchange.
The new line of railway between Carnforth and
Ulverstone is to be opened for traffic about the end
of the present month.
The half-yearly meeting of the North London
Railway Company is called for the 11th August
and that of the Northern and Eastern Railway Com-
pany for the 13th August.
The half-yearly meeting of the Rhimney Railway
Company is called for the Bth of August, and will be
made special to authorise the creation of new shuts
to the amount of 100,0001., and to authorise the
directors to borrow on mortgage.
Subjoined is a statement (from Mr. Slaughter's
Weekly List) of the railway calls felling due in
August. After the heavy amount called in July the
total now shown is very small :
Loon pie SUM

D• 411 1111.1001. Dee Ahead, Man4or
N.. paid. `.."' of sham.
Motes, Retort and Ma-
io/ COMMIS 04 £1 10 0 10,000 00.0 0
Oerava/1 hereto... , &mit 1 0 0 15,000 15.000
16.4 114.4.01.1 ..... 14 151 230 0 1....04 TO 0
Zpeeta rd.— 31 15 0 3,140 1,7t4
Imam Vale., No. II P4l
. wOOO vo.oso
=fr. ,Art.?711=1g(4171.11 dlrit 7S 0 14.011 70,000
sad, Neer IN ,la Iwo .... 1 0 1 0 0 1,001 10,000
1/1140. 1 /1 1 0 0 15.1 M 30.000
1t11044.110n 0.4 Darllagto• AA,
... 1 II f 10 0 LOX 1.000
111.1se,OWw. ash/
Yoreenoat, Nee 101......... 11 6 0 0 IMO 12,101

Sold iTTISXO
Told ailUd to UST . atm=

811TV1DAT ETZ/lING.

The eagerly expected news from India not having
yet arrived, the funds and other Stook Exchange
markets were to-day utterly stagnant. Notwith-
standing the general indisposition to operate, how-
Ter, prices closed quite as gond u yesterday ; and,
upon the whole, the appearance of the markets wee
somewhat steadier.

Consols, which closed yesterday at 911, "buyers,"

for the 6th Augnet, experieneed scarcely the I.
variation to-day, and were lost noted 911_to t. For
mosey the closing price was 91 to 1. The Asia
bunnies report Las follows: per Cent. Oen-
sole, for money, 911, 1, ; ditto. for account, Mk
August, 91t, t. Three pee Cent. Reduced, 911,1.
New Three per Cents. 02, 01t. Long Annuities.
expiring in Jan., 1860, 2j, 2 7.16. India Stock,
1214, 216 j.
&throat Bill. were dealt in at 7s. to 4a. din
Very. httlo business was done in foreign stook;
and prices in most cases were nominally unaltered.
Turkish Six per Cents. were last quoted 941 to 1 ;
the Guaranteed Four per Cents., 1021 to 1, being
slightly flatter ; Peruvian Four-and-a-Half per
Cents., 81 to 82; and Spanish Deferred Three per
Cents., 26 to