The Express.
London, England, 1857-06-27 00:00:00

APPEAILINCE OF THE COMET!

M. le Verrier, director of the Observatory of Paris,
has addressed the following note to the Preach journal,
In the night of the 23rd a comet was noticed by M. Dien.
It is now %Wde in the north, in the constallatiest Perseus.
Its position is carefully observed every night, and se soon as
a sufficient number of data shall have been collected, its pre-
cise route will be talculata."

General Changarnier arrived two days ago at
Oetend, where be has takes as spertmeat for the greeter
put of the eularcer.

RUIIOURED VISIT OF THE EMPEROR AND EMMEN
OF Tax FIZZ( Cll.—'rbs Independence Beige contains the
folknring paragraph Our Pada ooresepondents have noon
different OCCSIdOOI spoken of an intended visit of the Em-
peror and Empress of the Francis to Owen Victoria. Ac-
cording to information which is transmitted as from London,
but the authenticity of which we by ne means guarantee,
the recent visit of M. Pould to Windier hid pertly for its
°bird to settle certain details relative to this journey. Their
Majesties would, as we have said, repair to
, and then would proceed to visit the Manchester
Exhibition. There would not be any clicial receptka of
the in London on thia oneaabo."

having concluded a moat atm-
maind eaaapw®t at Liverpool sad Dahlia, is now giving
his rensosel Milady*" with part deist at Rdinbwgi
sad Otsegew; and he ts =noosed to appear at Birming
ham on the 20th, 22nd, and 24th July.
The authorities of the province of Lower Austria
have refused permission to establish 'matrimonial spades at
Vionas.

MONEY MARKET.-THIS DAY.

Two o'CLocw.

The disquieting news from India caused an ex-
treme fall of per cent. in the funds this morning.
The market is now firmer, but prices still show
a reduction of per cent. compared with
the closing rates of yesterday. All the other
Stock Exchange markets have also given way,
bat a partial recovery has taken place front the
lowest point of the morning, and there is no symp-
tom whatever of panic.

Consols, after fulling to 921 to f, are now quoted
An to ex div. for the 9th of July. The
Three per Cents. Reduced are marked 921 to 1; the
New Three per Cents., An to 1. Bank Stock, 2121
to 213 ; Exchequer Bills, 10s. to Bs. dis., being
lower; Exchequer Bonds, 1858, 98;; and India
Bonds, 10s. dia.

Turkish Si: per Cents. have been sold as low u
NI, and are now quoted 96 to I. Other foreign
stocks are inanimate. The sale* are limited
to Danish Three per Cents., 1825, at
85; Guatemala Five per Cents. at 56; Dutch Four
per Cent. Certifs. at 98; and ltussian Four-and-a-
Half per Cents. at 991.

The commercial demand for money continues
active, at 6 per cent., and little alteration in this
respect is anticipated until the release of the divi-
dends in the second week of July. A good demand
for money is rarely wanting at this period of the
quarter, when the Bank receives such large amounts
of government deposits. In the Stock Exchange
ineqsy still commands 6 per cent. es government
securities, this being also.the Bank rate.
At Paris yesterday the French funds experienced a
further fall of fully per cent., making a total re-
duction, in two days, of jto per cent., following
the announcement of the reduction of the rate of dis-
count front 6 to d per cent. This decline proves
how general must have been the disappointment felt
by the speculators at the maintenance of the 6 per
cent. rate for advances on stock and shares. A hope
is expressed in some quarters, however, that the
Bask will extend its loans to 60 per cent. of their
value on the retain, and to 40 per cent, on railway
securities.

The dividend on the shares of the Bank of France
is officially announced at 1601. per share for the
first six months of the present year. For the corre-
sponding period of 1856, the distribution was 1271.,
and was the highest ever known. We have thus
evidence that the existing anomalous position of
French financial affairs is at least highly profitable
to the National Bank.
From the monthly Board of Trade returns it
appears that in the exports the increase over
the correcponding month of 1856, which in
the last monthly issue was about 6 per
cent., has now increased to 30 per cent. In
like manner the increase over the five months of last

year is now equal to 15 per cent., although stated
last month at only 12 per cent. This comparison
indicates that, after a comparative pause during a
month or two, the export trade of the country in
the month of May sustained a considerable ex-
pansion.
A few thousand pounds in gold, forming the re-
sidue of the sum brought by the City of IVashing-
ton, from New York, were yesterday sent into the
Bank.

On 'Change yesterday afternoon bills on most conti-
nental places were inquired for, and the rates were
generally rather less favourable. As regards Paris
the reduction in the quotation was not important.
The current rates are shown below, viz. :

Amsterdam, three months, 11.191 to 12.01; ditto, short,
11.17 to 18; Rotterdam, three months, 12 to 12.01 ; Ant-
werp and Bruwele, three month., 25.471 to 50; Hamburg,
three months, 13.81 to ; Paris, three months, 25.671 to 70;
ditto. short, 25.26 to 30; Marseilles, three months, 25.671
to 7!l.l7,crenkfort-on-the-Maine, three months, 1191 to I;
Pote three months, 37 to 6; Vienna, three months,
10.29 to Trieste, three months, 10.30 to 32 ; Naples,
three months, 421 to 1 ; Genoa, three months, 25.80 to 21;
Leghorn, three months, 29.75 to 80; Palermo, three months,
128 to 1 Measins, three months, ini to 129 ;Oporto, three
months, 621 to is Lisbon, three month., 521 to 1.

. .
The price of Y.C. tallow on the spot closed yes-
terday at 685., showing a rise of no less than 7s.
per cwt. since last Friday. This remarkable move-
ment is solely owing to the current speculation. The
price of the same article for the last three months of
1857 is 68s. Bd.
The Dutch Trading Company have declared for
sale on the 23rd July 83,339 bags and baskets Java
sugar, and 7,377 bags Mauritius.
The demand for preference and guaranteed rail-
way stocks continues, and the supply in the market
is scanty. Amongst the descriptions in request are
Great Northern, Bristol and Birmingham, and North
Eastern Four per Cent. Preference stocks.
The shares and other securities of the Grand
Trunk Railway Company of Canada have sustained
a further decline, owing to its being understood
that this company is about to issue a new preference
share capital. It is stated that the terms and con-
ditions of this operation will be made known about
a fortnight hence. As a matter of course, however,
the new stock cannot override the existing preferen-
tial securities of the company.
The committee of the Westminster Improvement
Bondholders announce that they " will be prepared
to report to the bondholders on the subject of the
Westminster Improvements Bill (No. 3) " on the
29th inst.
At the meeting of the Southern Railway Company
of France, held at Paris on the 24th inst., the arrange-
ments relative to the leasing of the Languedoc
Canal, and to the concession of the Pyrenean system
of railways, were explained. It is announced that
next month a maritime steam service will be esta-
blished in connexion with this company between
Liverpool, Havre, Nantes, and Bordeaux on the one
side, and between Ccttc and Marseilles on tho
other.

The Directors of the Netherlands Land Enclosure
Company, in consequence of the numerous applica-
tions made to them for information relative to the
precise purpose for which the company was formed,
have issued a lucid statement of the objects and
capital of the undertaking. They also notify
that the holders of the second issue of Scrip
Preference Eight per Cent. shares may have
the option of paying up, in anticipation, the 3rd and
4th instalments falling due respectively in January
and July, 1838, when definitive preference shares
will be 'at once issued. The 2nd instalment of 11.
tails due the 13th July.
The agents of the Peruvian government advertise
the half-yearly dividend on Peruvian Four-and-a-
Ralf per Cent. Arica and Tacna Bonds.
The half-year's interest of 2s. per share Is adver-
tised on the shares of the Italian Junction Railways
Company.
The Committee of Management of the North
British Australasian Company have issued their
reply to the allegations contained in the report of
the Committee of Investigation. They begin by
remarking:

The Committee of Investigation having, in their report to
be presented to the shareholders at the adjournid annual
general meeting to be held on the 29th inst., published state-
menta which are calculated to convey an erroneous imprea.
Won in regard to the conduct of the affairs of the company,
wo deem it our duty to lay before you, previously to the
meeting, such explanations as appear to be required. Had
an opportunity bees afforded to the Committee of Manage-
ment to inspect that report, as well aa that of Mr. amnesia,
who was appointed to examine tho accounts of the company,
many of them statements, which are capable of full and sans-
factpry explanation, would probably have been withheld.

The reply then touches seriatim upon the points
referred to in the report, alleges that the question of
reducing the expenses of management has long en-
gaged the directors' attention, and finally concludes
u follows :

In conclusion, the directors have to express their satis-
faction that this investigation of all the company's affairs has
taken place ; and that it has, at least, elicited from the ram-
mitt°, of investigation the admission that the position of the
company is such as to meet all its engegemento and to pay a
divideud of fire 1W cent., leaving a mderable balance; and
besides, that " the'earninge of the pay* properties during
the Lad two years have not only covered the losses sustained
by other, of an unproductive nature, but left a surplus equal
toe dividend of 71 per cent. per annum on the whole paid-up
capital," or upwards of 12 per cent. on the productive
capital. With such a statement before the shareholders the
directors submit that they cannot fairly be charged with
having mismanaged the affairs of the company.
Me return of the Bank of England for the week

ending Saturday, June 20, compared with the pre.
vious return, shows the following results:
Cliculetion Wens
Circalstion active
Public depoeita
Other dopmita
Government securities in
bankingdspertment 10,327,222 Incresse 1,091
Other securities in bunking
department 18,481,953 Decrease 197,246
Coin and bullion in both
depertmente
Seven der sad other bills 604,942 Decreed, 36,819
The Rest
Noted in reserve 6,107,804 increase 183,615
This return is sufficiently satisfactory. The coin
and bullion have increased by 263,6071., and the re-
serveot notes by 183,6151. the movements in the
deposits nearly balance each other, but the " other
securities " have run off; hence the addition to the
stock of unemployed notes.

BANK Or INOILAND.—Ao Adenoid. vended to the A 4 -th ao4
Mot ie.. e. 32. fee thewceir me u+ on elotur.lay. Joao 24,

r • 1, TWO.,
Nato Wood ...... I tiovamtnent Debi 41,0111100
"Ow 3.451/.1100
Odd 00111 sal !Mike 10.476.6.10
BYw 2.11/...
1111.9111.00
CIO,LIAXO

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Puhlle Au. tyl Sin 73: 313
g=: Miler 14:481.,ta
4=4.Locta.) 7.193 3141 Clotinod Savor .. 73..03
Olibor . UW3144
Semi. radaker Ala 6411A41
MS; 63.144
Jams 41,,

, agar orusi.

FRIBAs =arm•.

The funds are still prejudiced by the over-bought
state of the account, coupled with the stagnation of
business. This morning the market showed steadi-
ness, but in the afternoon a decline of I per cent.
was established. Some farther bowl Ala sales,
combined with the continued heaviness of the l'aria
Bourse, assisted in producing this slight unfavour-
able movement. The appearance of the continental
exchanges is also somewhat less satisfactory. The
next financial advices from India and China are
looked for with great interest.
Consols were steady during the greater part of the
day at 931 to I cx. div. for the 9th July, but had
receded at the close to 93 to I. The official business
report is as follows :—Three per Cent. Consols,
for account, 9tk July, 93k cx div. • Three per
Cents. Refaced, 921, 93; New Throe per Cents.,
93, 92; ; Three-and-a-Half per Cent. Exchequer
Bonds, falling payable in 1958, 981, 981; ditto,
1939, 981; India Bonds, 4s. die.
For the " opening" (17th July) Consols were also
marked 93: ex div.
Exchequer Bills have sustained a fall of 3s. to 45.,
closing at N. to 4s. discount. The dealers appear
to be well supplied with these securities, and sellers
still offer. Exchequer Bonds remain quoted 94
*A 99.

In the foreign stock market the movement was
mainly confined to Turkish Six per Cents. This
stock opened at 961, " buyers;' gradually advanced
to 961 to 1, and then receded, closing at 961,
"sellers," or about the same as yesterday. After
4 o'clock the prico was quoted about 1 per cent.
, lower. The Guaranteed Four per Cents. left off
the same as yesterday, at 1011 to 1021. Other
foreign descriptions were quiet, and steady
in price. At 4 o'clock Duch Two-and-a-Half
per Cents. were quoted 65 to 66; ditto Four
per Cent. Certificates, 971 to 981. Spanish Deferred,
251 to 261 ; ditto, Old Three per Cents., 42 to 1.
Russian Five per Cents., 109 to 111 ; ditto, Four-
and-a-Half per Cents., 98 to 100. Peruvian Four-
and-a-Half per Cents., 77 to 79 ; and Mexican
Bonds, 221 to 23. Sales are recorded as follows :
Dutch Four per Cent. Certifs., 981. Portuguese
Three per Cents., 1653, 461, 461, 47. Russian
Five per Cents., 110. Spanish Old Three per
Cents., 421; ditto, for account (30th June), 42;
the Committee's Certificates for the unfunded
coupons, 61 per cent. Turkish Six per Cents., for
account, 961, 961, 961 ; ditto, Guaranteed Four per
Cents., for account, 1021, 102.
Bank shares were to-day in some cases rather
flatter. Ottoman Bank closed at Ito 1 prem., and
Bank of Egypt at 11 to 11 die. Western Bank of
London have receded to 11 to 9 die. London and
County Bank stock was also more offered. North
British Australasian shares were more inquired for.
Crystal Palace shares were flat ; the original shares,
with U. paid, closed at to 1 15-16.
The nominal closing quotations for the newly pro-
jected railways are subjoined, viz.: Punjaub Railway,
6-16 to 7-16 prem.; Euphrates Valley Railway,
Ito 1 prem. • Oude Railway, par to prem.;
Central Oude Railway, 3.16 to 5-16 prem. ' • Calcutta
and South Eastern Railway, par; North of India
Tramroad, per to prem.; Trinidad Railway, par
to prem.; Italian Junction Railways, If to 1 dis.;
Grand Russian Railways, fto 1 prem.; Riga and
Dunaburg Railway, to 1 die.