The Express.
London, England, 1857-03-18 00:00:00

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.1 a/1

18, 1857.__

MONEY MARKET-THIS DAY.

Two o'CLooN.
The funds opened flatly this morning, but have
since advanced, and arc now quoted per cent.
higher than they closed yesterday. Railway stocks
are aleo in many cases firmer.
Console were first marked 931 for the Bth April,
and are now quoted 931 to I. For money the
present quotation is 93 to 1. Exchequer Bills
are marked ls. die. to 4s. prem. ; Exchequer Bonds
981 to ; and India Bonde 2s. prem.
In the Foreign stock market the chief feature is a
further great rise in Mexican. Turkish Six per
Chits. have met with more demand during the last

hour. The official report of the day's transactions
is as follows : Dutch Four per Cents. Certfs., 981.
French Three per Cent. Rents, 71fr. (exch. 26fr.) ;
Mexican, for 31st instant, 24, 231, 24g, 241, 241;
Peruvian Four-and-a-Half per Cents., 771 ; Rus-
sian Five per Cents., 1074; Sardinian Five
per Cents., 911; Turkish Six per Cents., 974 ; ditto,
for 31st instant, 971, 1, 1 ; ditto, Guaranteed Four
per Cents., 101.
The 40,000 sovereigns brought by the Admiral,
from Melbourne, go into the Bank.
The amount of specie brought by the Asia, from
New York, is only 105,336 dots., or about 21,0001.,
and nearly the whole of this is understood to be on
continental account. The exchange at New York on
London was last quoted 1081 to 1.
The amount of specie already engaged for ship-
ment on board the Fora, which will leave South-
ampton for India and China on Friday, is 830,0001.
It is expected that the aggregate will reach 700,0001.
Shipments can be effected up to to-night.
On 'Change yesterday afternoon the rates for bills on
most continental cities were firm, although there Wll4
a fair inquiry for paper. Short drafts on Paris were
quoted rather better. As regards Hamburg, the
tendency was also favourable. The rates on Vienna
were a little lower, and on Naples flat. The current

quotations are aubjoined:
Amsterdam, three months, 11.16 tot ; ditto, short, 11.15
to ; Rotterdam, three months, 1.181 to 4 , Antwerp
and Brussels, three months, 25.40 to 6 ; Hamburg, three
months, 13.71 to 8 ; Paris, three months, 26.60 to 5 ; ditto,
Gime, 25221 to 71 ; Marseilles, three months, 26.624 to
Petersburg,Fraldart-on-the-Idaine, three months, 1191 to 1 ;
u three months, 371 to 1 ; Vienna, three months,
10.24 to 6 ; Trieste, three months, 10.25 to 7 ; Hacks,
three months, 431 to 4 ; Genoa, three months, 26.70 to 6;
Leghorn, throe months, 29.374 to 421 ; Palermo, three
months, 1294 to 130; Messina, three months, 130 to ;
Oporto. three months, 511 to 52 ; Lisbon, three =alba,
511 to f.
fhe Colingsburgh has arrived off St. Albans with
318,700165. of tea and 2,126 bales of silk on freight.
Parties having correspondents at the Cape ex-
press dissatisfaction at the remissness of the Post-
office authorities in not issuing notice that mails
will be taken out by some of the numerous steamers
which are now under orders for the conveyance of
troops and stores to China. It is assumed that these
vessels will call at the Cape for supplies.
Numerous companies have lately been projected
for the construction of railways in India. The pro-
spectus of the North of India Tramroad Company is
now issued. The object of this company is to form
a cheaper medium of communication than can be at-
tained by means of railways. The view of the pro-
moters is that, whilst the main or trunk lines must
consist of railways, tramroads may be of great value
for the accommodation of the traffic of districts which,
though both fertile and populous, do not yet need
works of greater cost. In the terms of the pro-
spectus, the company is formed " for introducing a
cheap system of communication throughout the
province of Rohileund and adjacent territory, con-
necting the Ganges with the Indus, and also with
the iron districts of Kumaon and Gurhwal, via
Futteyghur, Shahjehanpoor, Bareilly, Ranipoor
radad, Meerut, Seharunpoor, Leal-
beans, and Umriteir." To a certain extent,
the project may be regarded as an extension
of the lines of the Scinde and Punjaub Railway
Companies. It is estimated that the maximum cost
will lie 5,0001. per mile, and that a great portion of
the lines can be made for half that amount. The
million forming the capital of the company is thus
to suffice for the first section of 250 miles, from
Futteyghur to Delhi. It is proposed to employ, in
the first instance, animal power, and it is intimated
that 80 miles a day can be accomplished by this in-
expensive means of traction. The shares are of 20/.
each, but only a deposit of 2s. per share is to be
paid, until the East India Company shall have
sanctioned the project and granted a guarantee.
The chairman is Mr. W. P. Andrew (chairman of
the Scinde, Punjaub, and Euphrates Valley Rail-
way Companies) ; the deputy chairman, Sir Her-
bert Maddock ; and the other directors arc highly
respectable.
A dividend of 11. per share is advertised on the
shares of the Alliance Bank, in accordance with a
decision of the annual meeting held at Paris on the
14th inst. The Paris advice' mention that after
payment of this dividend, which is at the rate of
16 per cent. per annum upon the capital paid
up during 1856, there will remain a balance of
158,209 f., or say 6,3301. This company, however,
refrains from publishing a statement of accounts.
The Stockton and Darlington Railway Company
have commenced issuing weekly traffic returns,
instead of monthly ones, as hitherto.
The colonial wool sales, which commenced on the
26th ult., closed yesterday evening. The quantity sold
consists of 6,572 bales Australian, 12,307 Victoria,
1,454 Van Diemen's Land, 1,384 Adelaide, 828 New
Zealand, and 18,744 bales Cape wool. Latterly the
sales have gone in favorer of the buyers, except as
regards the finer sorts. The purchases for export
have been very large. The trade is considered to
be in a very healthy state, and although a certain
degree of gloom hangs over the market at the pre-
sent moment, the opinion is expressed in some quar-
ters that the prices which have ruled at the close of
the sales will be considerably enhanced before the
next sales, in May.

TVISDAT EVUND:O.

The stock markets to-day showed increased
heaviness. The funds have again declined per
cent., and in the market for Engliah railway stocks
the reduction amounted to Ito per cent. At one

period of the day the markets were additionally
prejudiced by an unfounded report that a very
large quantity of gold hadbeen withdrawn from the
Bank to-day. Apart, however, from sinister
rumours, the stringency of the money market and
the unfavourable appearance of the bullion move-
ment are inducing sales on the part of discouraged
speculators for the rise. It is also found that the
preparations for the general election tend to restrict
speculative business in the Stock Exchange.
The demand for money to-day was again general
and active, though without absolute pressure. In
the Stock Exchange the share settlement, which is
now brought to a close, led to an increased demand
at Bto 6 per cent. on government stock, and some
loans were obtained from the Bank.

Consols for the Bth April opened this morning, u
they closed yesterday, at 93?, to I, declined in the
afternoon to 931, and were last quoted 931 to
For money sales are recorded as low as 921, but the
closing quotation was 93 to 1. The official business
report is as follows :—Three per Cent. Console, for
money, 931, 93, 921, 931 ; ditto for account, Rh
April, 931, 1, 1. Three-and-a-Half per Cent. Ex.
chequer Bonds, falling payable in 18.58, 981.
Exchequer Bills were pressed for sale as low as
Is. discount, but the closing quotation was par to
21. prem. India Bonds stood at 2e. dis. to 2s. prem.
Turkish Six per Cents. were first marked 961 for
the 31st inst., but had receded at the close to 971 to
1, showing a fall of fully 1 per cent. since yesterday
afternoon. The OnarantecdFonr per Cents. declined
Ito 1 per cent., closing at 1001 to Qilso for the new
account). Mexican Bonds continue in request, with
an upward tendency. Other foreign descriptions
were quiet.
The tea market is flatter. Some small sales of
common oongou were effected to-day at up. to
13d., showing a reduction of fully id. per lb.