The Express.
London, England, 1857-03-06 00:00:00

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MONEY MARK ET.-TBIS DA Y.

Two o'CLocs.

The funds opened steadily, bet have since
declined ) per cent. The railway share market is
also rather weaker.
Consols opened at 93i to ?, for money and
94 to f for the Bth April, and are now quoted
932 to I, and 93) to 94, respectively. The
Three per Cents. Reduced, though now shut, have
been dealt in at 931 to ; the New Three per Cents.
at 931 to 94 ; Bank Stock at 220) ; India Stock at
421; Exchequer Bills (June), at par to 3s. prem.;
and Exchequer Bonds at 98).
Turkish Six per Cents. are quiet, at 97) to 4,
and the Guaranteed Four per Cents. at 101)
to I. Other foreign stocks present little change.
The sales include Brazilian Old Five per Cents.
at 102) ; Dutch Four per Cent. Certifs. at
981 and 982; French Three per Cent. Rentes,
at 71fr. 25e. (exch., 25fr. 25c.) ; Mexican, for the
17th inst., at, 22); Peruvian Four-and-a-Half
per Cents., for account, at 74 ex div. ;
Russian Five per Cents., at 107,1 cx div. ; ditto,
Four-and-a-Half per Cents., at 981; and Spaniel.
Old Three per Cents., for accouut, at 41.
It is apprehended in some quarters that a
general elevate' will interfere with the spring
trade, and perhaps tend to prolong the stringency
of the money market. The suspense a.. regards I
the Budget is also unpalatable to the commercial
classes.
The settlement in Consols has been completed
without pressure, although rates equal to 6) per
cent. per annum have been paid to carry over the
accounts of speculative buyers to the Bth
The late speculation for higher prices is considered
to be somewhat reduced.
The suspension of Messrs. Train and Co. of Liver-
pool, is announced. The firm are engaged: in the
American trade. It is feared that the liabilities will
prove large.
Private letters from Paris state that the leading
French journals have been prohibited by authority
from publishing announcements rclati\e to the pro-
jected Russian railways, From this it is naturally
infused that the French government is desirous of
discouraging the undertaking.
The bar silver, ex the Orinoco, was sold yesterday
far India and China, at Is. lid. per ounce standard,
being id. above the price realised for the remittance
by the previous packet. The dollars by the Orinoco
remain on sale.
The Isabella Nereus has arrived off Svranage from
Sbseghai, and the Northfieet in the Dawns from
Hong Kong. The former vessel has on freight
413,1001b5. of tea and 1,725 bales of silk; and the
latter 1,042,4001b*. of tea.
We have already referred to the renewed state-
ment that the project for the sale of the Great Cen-
tral of France Railway Company to the Orleans,
Lyons, and Mediterranean Companies, has been de-
cide' upon. The Paris advice, remark that this ar-
rangement is understood to be the precursor of a
fusion between the Lyons and Mediterranean Com-
panies.
It is rumoured in Paris that the Southern of
France Railway Company intend to establish two
lines of steamboats, one of which is to convey pro-
duce and geode from the Mediterranean and Levant
to Cette, whilst the other will form a means of direct
communication between Bordeaux and the rest of
the French ports, and England.
The prospectus of the British Chror.ometer-Watch
and Clock Company (limited) is issued. This com-
pany proposes to carry out the patent of Mr. George
Flukey, on behalf of which peculiar advantages are
claimed. The "commencing capital" is fixed at
60,0001., in shares of 11. each, with a deposit of as.
per share.
Notice is given that holders of shares in the Oxide
Railway. Company who arc desirous of registering
and receiving their share certificates may now do so.
The half-yearly meeting of the Chester and Holy-
head Railway Company is called for the 20th inst.
An extraordinary meeting of the Great Western
Hotel Company is called fur the 19th inst., to elect
two directors.
A general meeting of the Tourney to Jurbise and
Landen to Hasoelt Railway Company is called for
the 26th inst. at Brussels.
It appears from the message of the Governor of
California to the legislature, tinted the sth January,
that the total debt of the state is about 3,477,054 dole.,
or say 695,0001. Of this amount, 3,222,600 dole.
bears interest at 7 per cent. per annum, payable in
New York. The interest and exchange thereon
amount annually to 265,111 dole., while the means
now provided by law for this parpo!e amount only
to 222,370 dohs, leaving a deficiency m this account
of 42,741 dole. per annum. The total expenditure
of the state government for the year 1A56 has ex-
ceeded the receipts by 353,781 dole. In view of
these facts, and of the recent decision of the Supreme
Court, that the people are not responsible for the
payment of the debt, the Governor recommends the
passage of acts at the present session of the legitila-
tare, legalising the outstanding bonds, and providing
means for payment of both principal and interest,
and their presentation to the people for ratification
or rejection at the next general election. He also
proposes such amendments of the revenue system as
will enable the state to meet her outstanding obliga-
tions and to pay the expenses of the government.
Relative to the market for American securities,
Messrs. D. Bell, Son, and Co. report as follows :
The market for American securities during the peat week
has Leen inactive and the transactions have been quite
limited, and at prices generally in favour of the buyer.

Tura/oar EVLICIIIO.
Notwithstanding the general expectation that a
dissolution of Parliament will be immediately de-
cided upon, the stock markets to-day were eharae-
terieed by a firmer feeling. In the funds the prin-
cipal business was in connexion with the monthly
settlement in Consols, fixed for this day ; after im-
proving about 4 per cent., prices closed the same
as yesterday. In the railway share market re-
newed buoyancy was apparent, and a rally
of I to per cent. was in numerous cases
established. After the recognised hours it transpired
officially that Parliament is to be dissolved as soon
as the business before the house will permit, and
that the new Parliament will meet in May. This
confirmation of the impression previously enter-
tained occasioned some dulness of tone, but 'did not
arrive until after the close of the authorised market.
In the discount market the demand for money
continues active, at rates fully equal to those of the
Bank.
About 33,0001. in gold was taken from the Bank
to-day, to pay for silver on the Continent.
Consols for money opened, as they closed yester-
day, at 934 to 4, improved to 93? to 4, and lett off at
934 to a. For the Bth April the last price was 94
to it, the quotation earlier in the day having been
944 to a. The official business report is as follows:
—Three per Cent. Consols, for money, 93Ttrae 4,
; ditto, for account, Bth April, 944, ; Three'
per Cent. Reduced, 934, a, a, •, New per
Cents., 94, 93a, 944, 9344, 944 •, Thirty Years An-
nuities, expiring in October, 1859, 2 11.16; Thirty
Years Annuities, April, 1885, 18 9-16; Bank Stock,
2214, 220; Three-and-a-Half per Cent. Exchequer
Bonds, falling payable in 1858 and 18.19, 984 ; India
Bonds, par.
The transfer books of the undermentioned govern-
ment securities closed to-day, viz.: Three per Cent.
Reduced, Long Annuities, Annuities (1859), and
Annuities (1885). Those of the New Thre per
Cents. will close to-morrow (Friday) afternoon.
The June Exchequer Bills were quoted 24. die. to
b. prem. The advertised Bills, ss. to 2s. die.; and
Exchequer Bonds, 981 to 4.
Turkish stocks experienced several slight varia-
tions, but closed about the name as yesterday, viz. :
the Six per Cents. at 974 to 4, and the Gua-
ranteed Four per Cents. at 1014 to a. Mexican
Bonds met with numerous transactions, but were
rather less strong.

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MMES.-7111S DR Y.

Two o'CLocw.

The nunket for home mining stocks to-day in
quiet, but prices arc fairly supported. South WWI-1.
Frances shares are more offered, and arc marked 336.
The other transactions reported in the Stock Ex-
change are limited to Tin Croft at ex div., and
North Frances at 14, 181, and lfq.
United Mexican shares arc quieter, and are
marked
Subjoined is a list of yesterday's transactions in tits
Mining Exchange:
Bedford Consols, 165., 16a. 6d. ; lls. Cal.; Car-
go% 26, Drakewalla, I', 3-16, 1, ; East Mired, 21, 1,1;
East Buller, 275. 6d., 33m., 265. ; Ewa Margaro,
tof ; East Wheal Clifford, 11; Great Alfrvl, 91 ;
OITA Hewes, 22e. Cal.; 23a. tal. • Great South Torn:l4,
: lEastaton Down, 41,1 ; COMMA, 41, t; •
375. 3L; :Conte,* and rearhin, 2, 395., 400.,6d.,
375. ; Nord' Roskesr, 90, ; l'endeen, 375. Cd.; Sara-
ridge erstads 14 • Tineroft; 4;; Trevelyan, 51, 6; West
Ga.; 7a. 84. ; Wheal Ba.et, 287 b 200;
Wheel Balk,. 316 ; \Mall Edward, 6, 41, 3,1, 1. 6-16, 4.
15 ,1 5, ; Wheal Grenville, 211.. 61. • Wheal Burka,
'2Ol. 6d., 21s. 6d., 21e., 223.; Wheal Lud:ntt, 360. U., 375.;
Wheal hlitrgeret, 65, 66, 67 ; Wheel Mary Ann, .16, 47 ;
Wheal Pollard, 13s. Cd., 14e. tal.

Tnt RbDAT EVENING.

The market for home mining stocks is rather
quiet, yet a fair amount of business is going for-
ward. Great South Tolgus and Great Wheal Vim
shares were flat, and Wheal Buller and Wheat 'in,-
lawncy firmer.
The following transactions have taken place in
the Stock Exchange, in addition to those recordcslia
the official list :
liotidlaik, 225; East Mind, 45.; Whe,il Harriett,
22,.. 6d. ; Wheal l'ullard, 150. ; Port Phillip, 5e., On. Gd.
Cobrc shares were better, but United Mcz.icaix
only partially maintain their late rise.