The Express.
London, England, 1857-03-31 00:00:00

MONEY MARKET-THIS DAY.

Two o'ancx.
The funds are very firm to-day, and show
an improvement of about 1-16 per cent.
English railway stocks retain in many
cases an upward tendency. The completion of the
share settlement has engaged attention this morning.
Consols are quiet, at 931 to ; for money, and 931
to 1 for the Bth of April. The March Exchequer
Bills are marked par to 45. prem. ; ditto, June, 3s. to
Is. dis. ; and Exchequer Bonds, 18,)8, 981.
Turkish Siz per Cents. remain rather dull, and
are marked 971 to for money. Mexican
bonds have met with rather more inquiry,
but business in this department is very restricted.
The sales are limited to Brazilian Old Five per
Cent., 1021 ; Buenos Ayres Bonds, at 85 ; Mexican
Bonds, at 22; for money, and 231 for the I ith
April; and Spanish Passive Bonds, at 81.
The accounts received by telegraph from India
and China indicate that the flow of silver to those
countries will continue upon an important scale.
There is a decline of about Id. in the exchange at

Shanghai, but at the other markets the rates present
little variation. In consequence, the market for silver
was yesterday firm, and large quantities of this metal
were sold, with a view to shipment to the East by
the steamer Colombo on the 4th April. The with-
drawals of gold from the Bank, to pay for the need-
ful supplies of silver on the Continent, are under-
stood to have been heavy yesterday, reaching 80,0001.
or 100,0001. It is at present estimated that the
Colombo will take out between 600,0001. and
700,0001.
On the other band, the financial &deices from Paris
are of a more favourable character. It is stated that
at the close of last week the specie and bullion in the
Bank of France had increased to 9,600,000/., being
about 710,0001. in excess of the last return, which
extended to the 12th instant. Owing to this
influx, it is alleged, the council has decided, dating
from the 3rd April, to reduce the premium on the
Bank's purchases of gold from 6fr. per mille to
4fr. per millc, or say from 12s. to Bs. per 100/. It
is further stated that the council has decided to
altogether suspend its exceptional purchases of the
precious metals as soon as the metallic stock shall
have reached twelve millions sterling. There is
ample evidence that the bullion requirements of the
French Bank will no longer press severely upon our
market, but the silver drain remains unmitigated.
At Berlin a fall has taken place in Russian stock.
The 61,0001. in specie brought by the Persia, from
New York, is understood to be mainly on continental
account. The exchange on London ruled low,
closing at 108 to 1081.
In the wheat market yesterday a reduction of Is.
to 2s. per quarter from last Monday's rates was
quoted, and at this decline sales were difilcult.
Since last Friday 14 grain-laden vessels have arrived
at ports of call, of which seven bring wheat and
four maize.
The Queensberry has arrived from Foo-chow-foo,
with 813,4001 be. of tea on freight.
The New York advices mention that the biddings
of the government for United States stocks, which
expired on the 3rd inst., have been renewed at the
same prices, viz., 110 for Six per Cents. of 1862,
116 for Six per Cents. of 1867.8, and 106 for Five
per Cents. of 1865 ; the accrued interest on each to
be allowed to the seller.
The French advice. state that the 2nd April has
been fixed for the opening throughout of the line of
the Southern of France Railway Company.
The following notice has been posted at Lloyd's.
The specie ex the Trent, it will be remembered,
ought to have been brought to England by the
Parana, which arrived at Southampton on the 23rd
init.:
A letter received from the master of the Clyde (8 ), dated
Navy Bay, 26th Feb , states that on the merlon. day she
had met the Trent (s. half-way between Colon and Cartha-
ge:a, with her intermediate shaft broken, end summing with
only ace engine ; she would proceed to lettuces.
We are informed that Mr. Alderman Wire has
joined the direction of the Western Bank of London.
Roebuck, M.P., has been recently appointed
chairman of this bank, in the room of Sir E. B.
Lytton.
At the meeting of the Turkish Gas Company yester-
day it was mentioned that out of a deposit of 2s. 6d.
per share, about Is. per share has been spent in
preliminary expenses, leaving 5,500/. in favour of
the company. It was also stated that negotiations
are to be renewed by the directors, with a view to
obtaining • concession from the government of
Turkey.
The annul meeting of the British American Land
Company was also held yesterday. The chairman re-
marked that, owing to the sales of land not being
great during the put year, the directors could not
recommend a dividend. They also thought that it
would be best not to divide the reserve fund
(18,0881.), but to wait for further remittances from
Canada. The report was adopted.
At the fourth annual meeting of the London
Printing and Publishing Company, held on the
27th inst., a dividend at the rate of 8 per cent. per
annum was declared.
The newly-formed London, Harwich, and Con-
tinental Steam Packet Company announce that their
steamers will commence running between Harwich
and Rotterdam on the 25th April.
The seventh call of 21., making 181. paid, is to be
paid on the shares of the Portsmouth Railway Com-
pany in the following instalments, viz., U. on the
30th April, and H. on the 30th May.