The Express.
London, England, 1861-04-29 00:00:00

MONEY MARKET.-(THIS DAY.)

Two o'OLouc

The American news has contributed to oceasioe
a reduction of per cent. in the funds to-day.
Apart from the settlement in shares and foreign
stocks, which will be completed to-morrow, there
is no businews of importance in any department of
the Stock Exchange. In English railway stocks
there is an average reduction of per cent.
At Paris this morning, according to Mr. Renters
telegram, the Three per Cent. Renter opened at
68fr. 70c., but receded to 68fr. 60e., being woos
than on Saturday.
Consols are officially marked 912 and 4 both
,for money and the account. The pressen
quotation is 911 to both fur money and
the 9th May. The official 'miner report is sis
follows :—Bank Stock, 231 ; Three per Celt*.
Reduced, 904, 90 ; New Three per Cents., 90, 4;
India Stock, 222 ; ditto Five per Cent. Stook,
102, 1011 ; Five per Cent. " aniseed" rupee paper,
94 ; Exchequer Bills, 45., Is., dia.
The foreign stock market remains very inactive.
The Turkish Loan of 1864 is quiet,at 74 to ex div.,
and that of 1858, at 54 to 54. Sales are recorded
as follows :—Brazilian Four-and-a-Half per Ceuta,
1860, 874, 87 ; Portuguese Three per Cents.,
1853, 47 ; Russian Three per Cents., 1859, 614,
62; Spanish Three per Cents., 491, 1; ditto New
Deferred Three per Cents., 411 ; the Committee's
Certificates, 4.

As, by the new arrangements respecting the
transfer books, Consols will be transferred ex the
dividend after the list of June, it is presumed that
the price for the June settlement will be quoted ex
die. Hitherto this has been the case with regard
to the July settlement, which is more than one
month later.

The amount of gold taken from the Bank on
Saturday for the Continent was 82,0001. A con-
siderable supply is now overdue from Australia.

The Board of Trade returns for the month at
March 'how that there ham been a decided re-
covery in the export trade, the total for
the month being 5 per cent. more than is
the same month of 1880, instead of 21 per cent.
less, as it was in last month's tables. The decline
in the American trade has been deferred, owing is
the extent to which consignments were pushed for-
ward to escape the new tariff.
The Liverpool cotton market on Saturday was
firm, with sales to the extent of 10,000 bales.
The prospectus of the London and Provincial
Discount Company (Limited) is in circulation. The
proposed capital is 250,0001., in 60,000 shares of
Si. each, upon which 11. is to be paid 'as deposit,
and it. more on allotment. The promoters of this
project start upon the assumption that the canoe et
the failure of the other discount companies whose
affairs have lately attracted public attention "lay
in the enormous preliminary and office expenses,
and in the system on which so much of the busi-
ness was conducted." They affirm that " a discount
house can only fail through culpable mismanage-
ment." The attention of the present company is
to be especially directed to "goal mercantile said
trade bills," no matter if of small amount. As
• new feature we notice that it is proposed to cul-
tivate provincial business, by opening branches at
Liverpool, Manchester, Birmingham, Glasgow,
Brighton, and other places. It is pointed out that
in the provinces, where the rate of discount is
usually higher than in the capital, there is as yet
not one joint stook discount company. Money is
to be received on deposit, at interest, both at the
head office and branches.

Arrangements have been made by which any
postponement of the departure of the Great Eastern
for New York will be avoided, and the ship will
consequently sail on Wednesday next as previously
announced.

The following is a statement (from Mr. Slaughter's
Weekly List) of the railway calls falling due in the
month of May. The total is made to appear con-
siderable by the call of 21. on Lombardo-Venetian
and South Austrian Railway shares ; but, apart
from the fact that there has to be deducted from
this call the amount of the dividend reoently de-
clared, the bulk of this company's shares are held
abroad.
Amount per Share.
Dee Already Number
Due In May, 1961. Date. Paid. Call. of Shama Amount.
Cork and Kinsale June.