The Express.
London, England, 1857-04-22 00:00:00

MONEY MARKET-THIS DAY.

Two o'CLocx.

The funds to-day maintain the improvement of
I per cent. which was established yesterday. The
markets are steady in character, but scarcely any
business is going forward.
Consols are quoted 93 to for money, and 931 to
for the 7th May. The Three per Cents. Reduced
have been dealt in at 91t to 92; the New
Three per Cents at 911 to 92+; Bank Stock
at 213 to 214 ; Exchequer Bills, March, at 3s.
dis. to par; ditto, June, at Ss. to 2s. die. ; and
Exchequer Bonds, at 98: to I.

Business in the foreign ;tack market is almost
at a stand still. The only transactions reported this
morning are in Dutch Two-and-a-Half per Cents.
at 851 to 061 (exch. 126.); ditto Four per Cent.
Certifs. at 97 ; Portuguese Three per Cents. 1853, at
46 ; Spanish New Deferred Three per Cents. at
251 ; ditto for account, 30th April, at 251 ; and
Turkish Si: per Cents. at 941 for money.
Amongst the favourable features of the day
is an improvement in the American exchange ;
as whilst on the adverse side must be enume-
rated the less favourable appearance of the
continental exchanges, and the absence of any
recovery on the Paris Bourse. The further
fall which took place on Monday at Paris, and which
was especially severe in railway shares, is partially
attributed to the disappointment felt by speculators
at the nature of the arrangements understood to be

in contemplation between-the government and the
Bank of France. Hopes having been entertained
that a speculative stimulus would be given to the
Bourse, a corresponding degree of depression is now
experienced. The fall has been promoted, however,
by the stringency of the London money market;
and, as this market becomes more settled, a sympa-
thetic influence will perhaps be exercised in Paris.
We understand that the project recently organised
for the establishment of a National Bank of Turkey,
and represented in Constantinople by the Messrs.
Wilkin, having virtually fallen to the ground, fresh
combinations are in course of arrangement amongst
English capitalists interested in the progress of
financial affairs in Turkey. The object is the elabora-
tion of a plan which, whilst remedying the glaring
defects and abuses of the Turkish monetary system,
shall at the same time ensure a remunerative result
1 to the shareholders.

The shares in the Russian Railways were no-
minally quoted yesterday only I to 1 prom.
The amount of specie brought by the Europa from
New York is only between 1,0001. and 2M001., but
the exchange on London had advanced to 109,
leading to an anticipation that remittances of gold
to this aide will soon be resumed.

The foreign exchanges yesterday afternoon were
generally quoted less favourably for this country, in-
cluding bills on Belgium, Paris, and Hamburg. The
transactions were limited. The current quotations
are shown below :

—ln—mt—erdsr IZtire; Months, 11.19 to 1; ditto, short, 11.16
to 17 ; Rotterdam, three months, 11.191 to 1 ; Antwerp
and Brame* three months, 25.421 to 74 ; Hamburg, three
months, 13.81 to ;Pa three three months, 25.621 to 71 ; ditto,
Ikon, 25.25 to 30; Mureeilles, three mouths, 26.66 to
70; Frankfort-on-the-Mune, three months, 1191 to ;
Petersburg, three months, ast to ; Vienna, three months,
10.30 to 3 ; Trieste, three months, 10.31 to 4 ; Naples,
three months, 421 to 31 • 00204, three menthe, 25.70 to
6; Leghorn, three menthe, 29.45 to 50; Palermo, three
months, 1291 to 130 ; Mamma, three months, 1291 to 130 ;
Oporto, three months, 624 to ; Listen, three months, 621
In the sugar market yesterday, in some instances
an advance of ed. per cwt. over last week's rates
was obtained. Largo public sales of tea are ad-
vertised for to-morrow. Tallow shows an upward
tendency.
As several government steamers are about to
leave England for China, parties engaged in trade
with the Cape of Good Hope urge that the Poet-office
authorities should give the requisite notice of the
conveyance of mails to that colony, the more espe-
cially as Do much disappointment was excited in
connexion with the mails per the Himalaya.

Subjoined ii. the substantic of a telegraphic despatch
received by the Great Western Railway Company of
Canada:

A telegraphic despatch received from Hamilton, Canada
Weer, per Europa, intimates that after a protracted examine.
lion the coroner's jury had returned a verdict, in the matter
of the lamentable accident of March 12, on the Great Western
Railway of Canada. The swing bridge at which it occurred
is derlared to have been substantially constructed, and the
locomotive to have been properly examined before starting;
the we of the accident being the breaking of the axle of
ore of the leading wheels of the engine, which canned it to
ism the rails and cut through the timbers of the bridge. No
blame Is attributable to the company. The jury recommend
that a lied bridge be erected in place of a awing bridge.
The following official circular has been issued
to the shareholders of the Antwerp and Rotterdam
Railway Company :
I have the honour to inform you that the annual general
meeting of the shsreholdwe will take place at the offices of
the company, 6 Rue Montagne du Pare, Brussels. on Thurs-
d• the May next. The meeting—hi addition to the
business—will have to elect direct.. in place of
ihiTieWho retire. As it is important that the English share-
holders should be fully represented on that occasion, if the,
ash as mimmussat of the railway to be in the hands of
Meath Mesetere, it will be necessary, according to the Ma-
iden, le ledge the smclosed proxy, signed, and at the name
Yoe their shares at the Union Bank, 2, Princes-
City, le et before the 26th instant. No shareholder
being able to vete upon more than 800 shame, it is requested
that the bleak after the word "authorise" should not be
tiled in.—l have, &c.,
(Signed) Guonox F. BXITIt, Secretary.
At the annual meeting of the North British Austra-
lasian Company yesterday the net profits for the year
were stated at 14,1901., which the directors proposed
to keep for working capital, instead of dividing it
the shareholders. The contract with the
Boa Mining Company was objected to; and
a °committee of investigation was appointed, charged
to investigate the accounts of the North British Aug-
trahudan Company, and to report the result of their
labours by the Ist of July. A general feeling of
disappointment appeared to prevail in consequence
of the non-payment of a dividend, and some of the
shareholders expressed their sentiments on the sub-
ject in somewhat decided term..
The half-yearly meeting of the West Flanders
Railway Company is called for the 11th May, in
London, and for the 10th May, at Bruges.
The Paris adcices notice the inauguration of the
Paris and Chaumont section of the Mulhouse
Railway.
During the course of last week the shares of the
Graissessac and Ileziers Railway Company rose at
Paris between 235. and 30s. per share. It Is stated
that the Graissessac General Coal Company is about
to be reorganised upon a large scale. The coal mines
in that quarter arc described as of great importance,
and it is alleged that their proximity to the Medi-
terranean enables the produce to be supplied at a
cost considerably below that of English coal.
On the Paris Bourse there have been more trans-
actions lately in the shares of the Ardennes Railway
Company, in consequence of the negotiations which
are understood to be on foot for the purchase of this
undertaking by the Eastern of France Railway
Company. It is rumoured, however, that the
Ardennes Company will be required to complete its
own line.

A call of 21. has been made on tie shares of the
General Cooperage Company, payable as follows,
siz., U. on the lst May, and 1/. on the lst July.

Tv ESDAT

The funds maintain firmness,owing to the absence
of any renewal of the late pressure for money. This
afternoon a tendency towards improvement became
observable, and the closing quotations were k per
cent. above those of yesterday. The market derives
considerable support from the recent re-investments
of the dividends, which have brought a better supply
of money into the Stock Exchange. The rate for
loans on government stock to-day was Al to 6 per
cent.
In the discount market, although the demand is
steady, there is a good supply of money. As a rule,
Salim rates are maintained, but in exceptional
saaM fret-chas short paper is negotiated a trifle
Weir the Bank minimum.

Yesterday was the d►y fixed for the regular re-