The Express.
London, England, 1857-02-16 00:00:00

MONEY MARKET.-THIS DAY.

Two o'CLocs.

The hinds have experienced a further reduction of
1 per cent. to-day, speculative realisations prepon-
derating. The other departments of the Stock Ex-
eltangeure also somewhat flatter.
Consols opened this morning at 93-1 to 1 for the
6th March, and are now quoted 931 to 1. For
money the price is 93) to 1. The Three per Cent.
Reduced have been dealt in at 931 to I ;
the New Three per Cents. at 94 to ; Bank
Stock, at 216 to 218 ; India Stock at 220 ; Exchequer
Bills at Is. to 4s. prom.; and India Bonds at 2s.
as.
Turkish stocks are a little flatter, the Six per
amts. being quoted 941 to 1, and the Guaranteed
toe per Cents., 1011 to 1. Other foreign
stocks are steady. The sales include Brazilian
Old Five per Cents. at 103; Dutch Two-and-a-Half
per Cents. at 65 (exch. 1211.); ditto, Four per Cent.
Certificates at osi to 1. French Four-and-
a-Half per Cent. Renter, at 94fr. 75c. (exch.
25fr. 25c.); ditto, Three per Cents., 68fr. 73e.
(exch. 25fr. 20c.); Mexican Bonds at 22 ; Peruvian
Four-and-a-Half per Cents. at 801; ditto, for 27th
Feb., 80) to 1,; Reagan Four-and-a-Half per Cents.,
97 ; Sardinian Five per Cents., 90) to 1; and New
Spanish Deferred Three per Cents., 24).
Speculatorsinstocksseem somewhatdnappointedat
the announcement that government will only employ
250,0001. in the redemption of Consols this year.
The application to this purpose of one million per
annum, as stipulated in the contract for the
16,004001. loan of 1835, will doubtless commence
next year. In May next government will pay off
two millions of Exchequer Bonds of Series C, and a
large proportion of this amount will probably be re-
invested in Government securities. There is cer-
tainly nothing discouraging in an: estimated surplus
of 1,384,0001. at the end of the present financial
year.
A meeting of importers and dealers in tea has been
held to-day at the London Tavern, in opposition to the
proposal of the Chancellor of the Exchequer relative
to the tea duties
The ukase relative to the great Russian railway
concession has been published at St. hiemberg.
Ten years appears to be the time allowed ihr the
execution of the works--certainly a very_ loM[
period. The capital is 275 millions of roubles, er
say 43,500,0001. sterling. The shares are to be of
201. each, and to be negotiated at St. Petersherg,
Paris, London, Amsterdam, and Berlin.
The specie arrivals reported on Saturday comprise
14,4931. by the Madrid, from the Peninsula ; and
375,263 dots., or about 75,0001., by the Persia, from
New York. The bulk of this latter remittance is
probably destined for the Continent.
The other arrivals reported last week have com-
prised 124,000 oz. of gold by the Morning Light, and
81,478 oz. by the Heather Bell, both from Mel-
bourne; 5,400 oz. by the Centurion, from Sydney ;
and 2,174 oz. by the Ethiope, from Africa.
The total value of the week's arrivals is not less
than 940,0001. Amongst the direct imports of silver
into London, we also notice 21 cases by the Baron
Osy from Antwerp, 10 boxes by the Flora from
Oporto, and two boxes by the Gibraltar, from Cadiz.
The custom-house statement of the exports of the
precious metals direct from London during the week
ending Thursday last includes 3,450 oz. of gold, and
29,720 oz. of silver, representing a total value of
about 21,9001. The particulars are as follows, viz.:
Gold coin, to Boulogne, 450 oz. ; gold bars, to
Boulogne, 3,000 oz. ; silver coin, to Boulogne, 2,000
or. ; to Rotterdam, 27,500 oz. ; to Hamburg, 220 oz.
The only other shipment officially reported con-
sists of 13,0001. by the Alhambra, for the Peninsula,
raising the ascertained exports to 34,0001. It is
known however, that the private remittances to
the Continent have comprised, in addition, shout
660,0001. out of the total of 843,000/. in Australian
gold above reported, besides at least 35,0001. drawn
from the Bank.
It is at present thought that the shipmate of
specie and bullion by tho steamer Colombo, which
leaves Southampton on the 20th inst. with the India
mails, will amount to between 400,0001. and 500,0001.,
but some uncertainty as yet prevails. This steamer,
it must bo remembered, takes out no direct mail ke
China.
Wo understand that the Spanish government has
removed the duty upon the importation of rice,
owing to the high price of grain in that country.
The proceedings at the Great Western Railway
meeting have excited considerable interest. The poll
is to be finally closed at 11 o'clock to-morrow
morning.
It appears from the report just issued by the
directors of the Scinde Railway Company, that
it is contemplated to merge the PunJaub
Railway Company into the Scinde Railway Com-
pany, in the event of the India authorities deciding
upon the construction of the extension in question.
With reference to the market for American rail-
road securities, Mr. E. F. hatherthwaite reports as
follows :

There has been a steady baldness in American securities
In London during the put week, without any material
change in pricer.
The following quotations are 4a. dd. to the dollar
at Aatt4.
1:11ANIllibejll II ... - ...... _.-. . ............. ... 101 144
Puso maw 1 paicem. n00k............... Ts: 14 es: it::
t 7 1.2-49 4094.....0144139 ........... ............. 83 SI
a et
DMrrA dpereres. at
t. unapt._
._ a a
tiL
Oadirsii.tuebiaitee. t sir—fideret •
rwrled
araree. - II It ht.
114=eihnss.111saul.s I pir 4431:344 isweigeo
N 71
lamb Ipm act, 631143. YU ... 90 191
MU. 1 Der 3443.. eau. ma, eta egaiiAiiiie
mat. dins ....... . 1,1 110
1,144.94a492 iiiii. ..
ii..... 92
. 90 U
rm.. we Nia .. . 29 30 2414.
ON N.U. . lii Mort.
Orli Owlial sad
pm aili:7.. ... *.
...... .... 6964 IP" 66 6
4Abn ... ..
ei2kPeriolatkiiiiiiii.:::. .... .
ill it
..r
„,,,, T we mg Viiiiiiiiiiii::::
en.
INOU, prii eel 0U4‘116.1166,1111F.:.*:::.7.: r=
me 4U4.. .................... 111
90
per ea amer.l244 ...... .....-..... IC /12
ip....x
emeteal-C ir a".3ftaii 122
*I Mrs MT
23
MOM
.. .
.. IN
Mo. Inatlas .

S►TTRDAT EVENING.

The reception given to the Budget seems, on the
whole, favourable ; but unqualified commendation is
not expressed, the current expenditure of the state
being considered very heavy. Parties who had
effected speculative purchases in the funds in the
hope of a brilliant financial statement have to-day
shown a disposition to realise. These opera-
tions, coupled with one speculative sale of 200,0001.
stock, caused Consols to close this afternoon 1
per cent, lower than at 4 o'clock yesterday.
The funds were a little affected to-day. by the con-
tinued active demand for money. It is stated that
the applications at the Bank yesterday were heavy.
About 30,000/. in gold was taken front the Bank
to-day for exportation, to pay for silver.
Consols, which were quoted at 4 o'clock yesterday
94 to / for the sth March, opened this morning at
941 to 1, and gradually receded, closing at 931 to
94. For money the last price was 93/ to t. The
official business report is as follows :—Threo per
Cent. Como* for money, 931, 93#; ditto for ac-
oount, sth March, 941, 94. Three per Cents. Re-
duced, 94, 911. New Three per Cents., 941, 1.
India Stock, 219. Three-and-a-Half per Cent. Ex-
chequer Bonds, falling payable in 1858, 981; ditto,
1859, 981.
The Five per Cents. are also officially marked
1131.
Exchequer Bills maintain ls. to 45. prem., and
Exchequer Bonds, 981, to I.
Turkish Six per Cents. touched 95 to 1 in the
morning, but closed at 941 to 95, being 1 per cent.
lower than yesterday. The Guaranteed Four per
Cents. are supported at 1011 to Spanish and
Peruvian Bonds retain an upward tendency.