The Express.
London, England, 1857-04-27 00:00:00

as'

MONEY MARKET-THIS DAY.

Two o'CLocz.

The funds remain flat. A fresh decline of I per
cent. WAS quoted in the morning, bat the market is
now a trifle firmer. English railway stocks hare
fallen.

Consols for the 7th May, after receding to 921 to
93, are now quoted exactly 93. For money
the price is 921. The Three per Cent. Re-
duced have been dealt in at 911 to 1 ; the
New Three per Cents. at 911 to 1; Bank Stock at
213; the New Twoand-a-Half per Cents: at 761;
India Stock at 220 to 222 ; Exchequer Bills, June,
at otis. die. topaz; and Exchequer Bonds, 1858, at
981 to 1.
Turkish Six per Cents. have again declined, and
other foreign securities are very dull. Subjoined
is a complete list of the morning's transactions
in this department, viz :—Braxilian Five per Cents.,
1829 and 1839, for account, 30th April, at 991;
Dutch Four per Cents. Certificates, 97 to 971 ;
Mexican Bonds, for 30th inst., 231 to ;
Russian Four-and-a-Half per Cents., 981; Turkish
Six per Cents., for 3Qth inst., 931 to 931; ditto,
Guaranteed Four per Cents., for account, 991 and
100.

About 16,0001. in gold is known to have been
taken from the Bank on Saturday for exportation to
the Continent, in addition to parcels of about similar
amount withdrawn on Friday. In some quarters
the orders upon which these operations are
founded are regarded u exceptional; nevertheless
the question as to the mode in which payment will
be made for the large quantities of silver drawn from
the Continent receives serious attention, as calcu-
lated to exercise a decided influence upon the money
market. _ _ .

• Inds week then will be a demand in eon-
listaisi With the fortnightly settlement in the Stock
Ilmakeige, and with the preparations for shipping
keep smennts of silver by the Indian steamer of the
4th of May. The bills arriving at maturity on that
day must also be prepared for.
• 'The settlement of the fortnightly account in
shares and foreign stocks will commence to-morrow
(which will be "continuation day ") and terminate
en Thursday.
According to the telegraphic intelligence from
Trieste, the exchanges in China have experienced a
farther unfavourable movement of about 1 per cent.,
es that silver will probably continue to be sent
thither in coasiderable quantities. As regards the,
more important market, India, the rates now to
hand exhibit little variation. At Calcutta the
quotation is slightly less unfavourable. We have
seen private telegraphic despatches, however, which
report a sensible decline in the Calcutta exchange.
The delivery of the letters will obviate the necessity
of speculation.
The import; of the precious metals last week
1111“ ma 'scarcely exceeding 200,0001. Our list
farads asly 3,7001. by the Pere, from Alexandria ;
1,0601. or 2,0001. by the Europa, from New York ;
1,8001. by the Alhambra, from the Peninsula ; and
48,892 ounces of gold by the Angleeea, from Mel-
bourne. The rethittance by this last-named vessel
is not yet in hand.
Large quantities of sliver are also still being re-
salved from the Continent.
The shipments have also been limited. The
weekly Custom-house statement of the exports of
tie prelim metals direct from London includes
7,1 erns of gold and 3,400 ounces of silver, re-
=a total value of about 27,6001. The par-
subjoined, viz.: Gold coin—to Rotter-
dam, 80 ounces 1 to Boulogne, 6,000 ounces ; to
Hamburg, 1.060 ounces. Silver coin—to Hotter-
desk 600 email ; to Boulogne, 800 ounces. Silver
!lens—ls Berakene, 1,800 ounces.
The only either shipment officially reported con-
sists of alsest 40,0001. in gold by the Golden Fleece,
for tlas"Brealls, by which the ascertained export]; of
the week are raised to about 107,0001. or
forty thousand pounds in gold, drawn from the
Bank, have also (se already reported) been despatched
privately to the Continent.
The tallow market on Saturday experienced a far-
ther advance of 9d. to Is. per cwt., owing to
tire purchases. The closing quotations for St.srecteut
bang Y.C. were as follows, viz. :-58s. to 68s. 3d. on
the gest and for April; 66e. for April to June; and
eds. Ilse the last three months.
In our impression of Friday last we no-
deed Sir John Macneill's report to the
ZValley Railway Company. In a re.
let addressed to the board by Major-General
this this gentleman maintains that by the
Imposed railway troops and warlike stores could be
conveyed from England to Eurrachee, in Scinde, in
16 or 16 days; that the opening of the route would
give a great stimulus to trade in that region ; that
cotton, silk, grain, indigo, tobacco, would
be largely produced on the plains of Me-
sopotamia ; and that, if " judiciously managed,
there is nothing to fear from the Arabs." As re-
gards the first part of the proposed undertaking,
connecting the Mediterranean with the Euphrates,
he affirms that " there is no danger whatei Cr," He
adds : " It is needless to remark that the comple-
tion of this proposed portion of the route alone will
of itself very materially shorten the distance and
time between England and India." General Ches.
info estimate of the probable net profits of this
section is 7 per cent. on the capital, exclusive of pas-
wager traffic.
The Committee of Spanish Certificate holders an-
nounce that they have a second time despatched a
representative to Madrid, to urge the arrangement of
their claims.
Subjoined is a statement (from Mr. Slaughter's
Weekly List) showing the railway calls falling due
in May, so far as they have yet been advertised :
Aumet p.r arra

Or 4411.47.1317. Dye A/r4ads--s Number
LW. pos. QC.al *ars. S
3•4.1111 V.: UMW
oximi .. .iii...c...i SO 7 110 0 13,000 30,400
mop 44iga ..1... ...... ~ ... 1 4 10 0 643 619
BM 3 ...
lt 'V" lig g ;kV, 3.lg:gr,?,
iloolfaflitligtor $ 1 110 0 74,41 114.117
C44'1,1z fa. 1......... 1 ri:2. VD I=
omisr.ft .1..; . at:
11 1 10 0 700 14.010
Tho ..... II 17 10 0 10,144) 20,140
I 11 7 00 0 00 .000 110.000
Waloatillf:44lll .. ...... 1 ii. 11 2. ill: 1r0,2

11401 .............. t1.044,943
Total arid la UST L4.70.30
The fourth ordinary meetinz of the Oriental Gas
Company is called for the 6th May.
The amount of bills drawn by the East India
Company on their respective presidencies, from the
10th to the 25th inst. Saturday), is as follows :
Bate of Exc.bangs.
Bengal, 43,0491. 14s. Od. Oid per company's rupee.
Madras, 9,1534 13s. 9d. 20.
Old.
6631. 8s Od. 26.1 d. per ditto.
Total, 52,8661. 131. W.

SATURDAY EVIRECO.

The news from the East has strengthened the im-
pression that the Chinese war will yet lead to a
large expenditure; and the funds have accordingly
fallen 1 per cent. The indications afforded by the
Eastern exchanges that silver will continue to flow
freely to that quarter also tended to prejudice the
market. English railway stocks have likewise
given way, speculative holders looking forward with
feelings of discouragement to the charges which they
will be required to pay at the approaching settle-
meat.
Consols, which closed yesterday at 931 to for the
Ith May, opened this morning at 93k to 1, and
closed at 93 to 4. For money the lest prioe was
921 to 93. The official business report is as fol-
lows :—Three per Cent. Consols, for money, 93, 934,
921, 934, 924 ; ditto, for account, ith May, 931,
93. Three per Cents. Reduced, Ent NC New
Three per Cents., 911, 92, 913. Three-mid-*-
IUB per Cent. Exchequer Bonds, falling payable
in 1858 and 1859, 981.
The March Exchequer Bills remain quoted 2s.
dos. to 2s. prem. ; the June Bills, 4s. to ls. dis.;
and Exchequer Benda, 981 tot.