The Express.
London, England, 1857-05-22 00:00:00

1857.

r.-THIS' DAY.

Two o'CLoce.
The funds to-day are dull, but the reduction in]
price is limited to 1-18 per cent. A boa fide sale
of 100,0001. stock has been effected. Money is
more wanted in the Stock Exchange at ei per ocnt.
Business in all the markets is very inanimate.
Consols are quiet, at 931 to 1 for money, and 931
to / for the 4th June. The Three per Cents. Reduced
have been dealt in at 921 to 1; the New Three per
Cents., at 921 to 1; Exchequer Bills, March, at Os.
to Be. prem, ; ditto, June, at 2a. to 4s. pram.; and
India Bonds at 7s. to 3s. die.
Turkish Six per Cents. are dull, at 94 to 1 • but
the Guaranteed Four per Cents. remain firm, at
1011 to 1. Spanish Old Three per Cents. are
more inquired for. The sales include: Dutch
Four per Cent. Certificates, at 97 ; French Three
per Cent. Rentes at 88fr. 75e. and 88fr. 60e.
(exchange, 25fr. 30c.) ; Mexican Bonds for
account (28th of May), 221 ; and Spanish Old Three
per Cents., for account, at 411, /, and 1.
The screw steamer Istanboul has arrived at Ply-
mouth from Melbourne with 44,652 ounces of gold
on freight, worth 178,2001. The advice' by this
vessel have been anticipated.
The important failure on the Paris Bourse tends
to revive distrust of the stability of financial affain
in France; whilst the renewed demand for gold for
the Bank of France and the aggravation of the
drain of silver to the East are regarded as calcu-
lated to further retard improvement in our money
market.
The government broker continues his daily pur-
chases of 30,0001. of Exchequer Bills. Yesterday he
also invested to the extent of 30,0001. in Turkish
Guaranteed Four per Cent. stock, but it is not sup-
posed that this purchase is for account of govern-
ment.
Letters from Parisindieste that the estimates cir-
culated respecting the liabilities of M. Charles
Thuntsyssen have been much exaggerated.
Yesterday, being Ascension-day, was observed
as a holiday on the Paris Boone.
Last year's June and December Exchequer Bills
are advertised by the Paymaster-General to be paid
off on the 18th of June next.
The rate of discount at Hamburg remains at 6
per cent.
The specie and bullion ex the steamer Orinoco
have been delivered. The gold by this vessel,
valued at about 88,0001., has been purchased for
exportation to the Continent
The Princess Royal has arrived from Shanghae,
with 876,8001b5. of tea and 619 bales of silk on

freight
The arrival of the screw steamer Robert Lowe
from the Caps of Good Hope is now looked for, this
vessel having left the Mauritius on the 18th March.
The necessities of the government service in the
East seem likely to provide considerable employ-
ment for our shipping. Several notices inviting
tenders for the conveyance of troops and stores
were issued to-day. The Admiralty will receive
tenders on the 27th instant for the conveyance of 45
officers, 730 rank and tile, 49 women, and 48 chil-
dren from Dublin to Colombo. Tenders will be re-
ceived by the East India Company on the 26th in-
stant for the conveyance of 987 tons of dead
weight (materials for the electric telegraph) from
Liverpool to Kurrachee ; of stores, from England to
Madras and Calcutta ; of 300 troops (Company's)
from England to Calcutta ; of 1,050 troops (her
Majesty's service) from England to Kurrachee ; and
of 963 troops (H.M.S.) from England to Calcutta.
Tenders will also be received, on the 3rd of June, for
the conveyance of 920 troops (H.M.S.) from Ports-
mouth to Knrrachee ; of 650 troops (H.M.S.) from
England to Calcutta, and of 1,800 troops (H. S.)
front Portsmouth to Calcutta.
It is stated that a committee of preference share-
holders in the Great Northern Railway Company is
about to be formed, with a view to compel the com-
pany to pay last year's dividend on the preference
stock, and to oppose the bill now before parliament.
A special nasetng of the Great Western Railway
Company is called for the 4th of June, to consider
various bills now pending in parliament. One of
these is for " making a railway from the Torquay
branch of the South Devon Railway to or near
Dartmouth ;" a second is for " making railways
between Bristol and the South Wales Railwsy,
with a steam ferry across the Severn;" and a third
is for "making and maintaining" the Stratford-
upon-Avon Railway. The meeting is also to
ratify agreements made with the latter company
and the Bridport Railway Company for working
their respective lines.
A general meeting of the Trust and Loan Com-
pany of Upper Canada is called for the 30th inst.,
when a dividend is to be declared.
A general court of the Royal Exchange Assurance
Corporation is to be held on the 17th of June, "to
consider of a dividend."
A call of U. is to be paid on the new shares in the
Berlin Waterworks Company by the 30th inst.
The Union Bank of London 11 to pay the half-
yearly interest falling due on the State of Alabama
Biz per Cent. Bonds. The half-yearly dividend on
the Swedish Four per Cent. Provincial Mortgage
Loan is also advertised.
The position of the market for American securities
is thus noticed by Messrs. D. Bell, Son, and Co. :
We have no change to report In the market for American
securities, whilst the present value of mosey will amount
for the little doing In stets Mocks. Then is Mill some de-
mand for the bonds of a few of the leading railroad comps-
aim, but confidento in American railroad securities in general
has been mach shaken by the recent Ware of some of the
complaint to provide for the interest on their bonds.
The report of Mr. E. F. Satterthwaite is sub-
joined:
There has net been much activity in London in American
securities during the part week. We note, however, con-
siderable ectivity_in Illinois Central shares, at prime ranging
from 1321 to 130 closing steady at 130 to 132. Proclaims
Bonds have changed hands at 10131 and 108. In other de-
scriptions this has been very little doing.

Ili 6

TIMIS/DAT EVINIXO.

The funds opened this morning with increased
heaviness, and, owing to a continued pressure of
sales by speculative holders, a further fall of 1 per
cent. was at one period quoted.
The closing quotations were tot per cent. below
these of yesterday. In the other departments of the
market the chief feature consisted of the disposition
of operators for higher prices to reduce their ac-
counts. French railway shares may be particularised
as especially heavy.
There is no renewal of pressure in. the money
market, although a fair demand is experienced. The
discount market to-day was well supplied with
money.
Consols, which closed yesterday at 94 to I for
the 4th June, opened this morning flatly at 934
to 4, declined to 934, "sellers; and closed at exactly
234. For money the last quotation was 931 to 4.
The official business report is as follows:—Three
per Cent. Console, for money, 931 931; ditto, for
account, 4th June, 931, 931. Three per Cents. Re-
duced, 924, 92/. New Three per Cents., 921, 4,1,
4. Long Annuities, expiring in January, 1860,
2 7-16. India Bonds, 45., 3s. die.
The March Exchequer Bills were quoted 4s. to 6s.
prem. ; the June Bills, 2s. to 411. prem.; and Ex-
chequer Bonds, 984 to 99.
Turkish Six per Cents. fell per cent. to-day,
being quoted at 4 o'clock 944 to 1. After that ,
hour the price further receded to 94 to 1. Turkish
Guaranteed Four per Cents. have improved to 1011
to 4, owing to the purchase above referred to.
Mexican Bonds continue flat. At 4 o'clock, Russian
Five per Cents. were quoted 105 to 7 ; ditto Four-
and-s-Half per Cents., 98 to 98; Dutch Two-and-
a-Half per Cents., 641 to 651; ditto Four per
Cent. Certificates, 96 to 98; Mexican Bonds, 221
to ; Spanish Deferred Three per Cents., 254 to 1 ;
ditto, Old Three per Cents., 411 to 4; and Peru-
vian Four-and-a-Half per Cents., 76 to 78.
The nominal closing quotations for the newly pro-
railways are Punjaub Railway,
Tot m..; pods Railway, par to jf pr em.; Central
ads Railway, 516 to 6-16 prem. ; Eastern Bengal
Railway, 5-16 to 7-16 prem. ; Calcutta and South
Eastern Railway, par to 1-16 prem. ; Euphrates