The Express.
London, England, 1857-04-30 00:00:00

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MONEY MARKET.-THIS DAY.

Two o'CLooic.

The funds remain stationary in price, and there
is very little business going forward in any de-
partment of the Stock Exchange. Quotations are
I steady, except as regards French shares, which ex-
hibit marked heaviness.

Console are very quiet, at 921 to 1 for money,
and 921 to / for the 7th May. The Three per
Cents. Reduced have been dealt in at 911 to

the New These per Cente. at 91! to

Wank Stock at 212 k to 214 ;

Bills, March, at 2s. cFs. to Is. prem. ; ditto, June,
at Os. to 3s. dim.; and India Bonds at 9s. die.
Turkish Six per Cents. are again lower. Other
foreign securities are dull. Subjoined is a complete
list of the morning's sales, viz.:—Buenos Ayres
Bonds, for account, 14th of May, 85 ;
Dutch Four per Cent. Certificatzs, ;
Russian Four-and-scHalf per Cents. Asmall bonds)

97; Spanish Old Three per Cents., 411 to 4
Turkish Six per Cents., 92/, 921, 921, 92/ ; ditto
for account, 14th May, 921 to 921; ditto guaranteed
Four per Cents. 100.
The Vimiera arrived off Portland from Sydney,
but is not known to have any gold on freight. The
dates by this vessel are old.
The Brussels journal Le Nord publishes the text of
the bill relative to the increase in the capital of the
Bank of France. It results from this that the
4,000,0001. of new capital are to be handed over by
the bank to the government in four equal quarterly
instalments within one year, the former receiving in
arimange Three per Cent. Rentes, which are
le be transferred to it from the National Sinking
Food. This we take to be the ordinary translation
at He term " Caisee d'Amortiasement," although
he would be a bold man who would venture to say
of how many special funds this " Canoe" consists,
bearing in mind the constant mystidcationa of
French financial statements. The Rentes are to be
assigned to the Bank at the average quotation of the
month preceding the payment of the money into the
Treasury. The new capital is to be employed by the
government in redwing the amount of the floating
or unfunded debt, which at present is inconveniently
large. The government stock assigned to the Bank
is to form part of its reserve fund, and cannot
be sold in the market, unless in certain
remote contingencies. The upshot of these arrange-
ments will therefore be, that the Bank will draw
four millions of money from the French public, and
invest it in stock received from the government,
which, on its side, will perhaps release the money
by paying off Treasury Bonds. The prospect of
the withdrawal of 4,000,0001. in cash from the
market, however, is much more reliable than that
of its release • and, in any case, whilst the operation
for the transfer of the money is going on, the market
will be rendered tighter. The government also
makes other arrangements beneficial to itself in
consideration of extending the Bank's charter
for thirty years. Advances which the state
is under engagement to repay to the Bank, to the
extent of 2,200,0001., are to be renewed, apparently
in perpetuity, and the loan is even to be temporarily
increased to 3,200,0001. At the same time the rate
of interest to be paid by the state is reduced to 4 per
cent. We confess we do not see the advantage to
the Bank of the new treaty, and the decline in the
price of the shares corroborates this view.
Rumours that it is in contemplation to further
increase the new tax on shares have also assisted in
depressing the Paris Bourse during the last day or
two. _ _

Most of the other continental stock markets are
flatter. The chief features are a fall in Russian
stock at Hamburg and Berlin, and a fall in Austrian
at Amsterdam. . .

Nearly the whole of the specie ex the Asia, from
New York, was on continental account.
The continental adviccs report the exchanges on
London steady, at former rates. At Hamburg the
quo'ation is a shade more favourable. At l'aris
on Tuesday the exchange on London was
quoted 25.26 to 271 for short, and 24.85 to 871 for
three months; at Amsterdam, 11.771 for short ; at
Hamburg, 13.31 for abort, and 13.0: for three
months ; at Berlin, 6.18; ; and at Vienna, 10.11.
One of the chief features in the Stock Exchange

yesterday was the extraordinary fall of about 21. per
share in Paris and Lyons Railway shame, consequent
upon a corresponding movement at Paris, whence
the quotation cameteported by telegraph this after-
noon at 1,490 f. At half-past 4 o'clock the price had
fallen in our market to 591 to 1. Rumours are cir-
culated that the proposed fusion of this company
with the Lyons and Mediterranean Railway Com-
pany is broken off.
As an interesting feature we notice the introduc-
tion of the shares of the Atlantic Telegraph Coin-
pany into the official list of the Stock Exchange.
The shares are of no ices than 1,000/. each, with
4001. paid, and the nominal quotation is about 10
discount to par.
Further telegraphic intelligence received from
St. Petersburg states that " the exportation if
gold is permitted," thus confirming the despatch re-
ceived on Tuesday. Inasmuch, however, as the