The Express.
London, England, 1857-02-26 00:00:00

MOIVBY MAREBT.-THIS DAY.

Two o'CLocw.

The funds remain perfectly stationary in price.
The attention of speculators is almost solely directed
to railway shares, which are still looking up. The
settlement in this department is going off well.
Consols remain quoted 931 to 1 for money, and
931 to 94 for the sth March. The Three per
Cent. Reduced have been dealt in at
94 to 4; the New Three per Cents. at
941 to 1; Bank Stock at 220 ; Exchequer Bills
(June) at par to 3s. prem.; ditto, advertised, at 2s.
die, to 2s. prem.; India Bonds at 2e. dim ; and Ex-
chequer Bonds at 981 to 1.
Turkish Six per Cents. have risen to 961 to 1.
The Guaranteed Four per Cents. are quoted 1011 to
4, both for money. The other sales include Peru-
vian Four-and-a-Half per Cents., at 801; Portu-
guese Three per Cents., 1853, at 441; Sardinian
Five per Cents., at 91 ; Spanish Old Three per
Cents., at 401 and ; ditto, New Deferred Three per
Cents., at 241; and the Committee's Certifs., at 83
per cent.
A sum of 5,0001. in bar gold was taken from the
Bank yesterday, for exportation to Cadiz.
According to the telegraphic despatches received
in advance of the Overland Mail, the exchanges at
Bombay and Calcutta have become rather more
favourable. Some of the private messages quote the
exchanrilat Bombay 2s. 2d., and at Calcutta 2s. 21d.,
being d. to id. below the rates reported by last
mail. e quotations at Hong Kong and Shanghai
present no important change.
It is at present estimated that the shipments of
specie and bullion to India and China by the Indus
on the 4th of March will amount to about 800,00 W.
The disposition to ship silver to China has latterly
It remains to be seen what effect the
delivery of the letters from the East will produce.
The Indian government has opened a new five per
cent. loan for three crores of rupees, or say three
millions sterling. Some parties are disposed to
think that this financial operation will ultimately
strengthen the market for silver.
The continental exchanges remain firm, and in
some cases an upward tendency is still observable.
The corn market yesterday was very inactive, owing
partly to the fog. Were sales pressed, lower prices
would be established. Since last Friday 49 grain-
laden vessels have arrived at Falmouth or Queens-
town. The chief transactions in this department
have been in maize on foreign account. Several
thousand quarters of maize are now in course of
shipment from London to the north of Spain and
Bordeaux. The French markets are reported quiet.
The committee of the London tea trade, consider-
ing that the trade have great cause to complain of
the course pursued by the Chancellor of the Ex-
chequer, are making the most strenuous endeavours
to defeat his propositions respecting the duties.
The government have refused to accede to the oom-
prom= offered by the trade, however, which, is to I
be supported by Lord John Russell, who intends to
move ma amendment to the Chancellor's resolution.
The following circular has been issued by the
committee :

ilTeeiinnittes of the London tea trade beg to inform you
that a reply was yesterday remit= from the Chancellor of
the Exchequer, in which ho declined acceding to the
of a duty of In. 4d. per lb. for three years, but intimatP=
the responsibility of any such cones ion must rest with the
House of Commons. The very moderate and reasonable
proposition of the trade having been thus rejected by govern-
neat, it becomes the duty of all who are interested in this
question to urge upon their representatives the neoresif
giving their votes an favour of un amendment on the budget
which will be moved in the Howie of COl3llllOlllll in committee
of supply. Lord John Ruseoll will bring forward the pro-
position which has been rejected by the Chancellor of the
Eachequer • that proposition has been supported by urea=
or one hundred politic= presented to the house; but in
order to manse its momss when brought to the vote, every
exertion will he requisite on the part of individual members •
and you are earnestly requested to use your induome, either
by letter or deputation to your representatives.
At the Southampton Dock Company's meeting
yesterday a dividend at the rate of 4 per cent. per
annum was declared. It was mentioned that the
grass earnings last year exceeded those of 1833 by
1,7371.
The first annual meeting of the shareholders of
the Bank of Egypt is called for the 24th March.
That of the Ottoman Bank shareholders is expected
to be shortly convened.
A special meeting of the Equitable Life Insurance
Company is called for the 20th March, to confirm
the proposal
_to divide the company's capital into SI.
shares instead of 201.

The bill of the European and Indian Junction
Telegraph Company was read a second time in the
House of Commons on the 23rd instant.
The amount of bills drawn by the East India
Company on their respective presidencies, from the
10th to the 23th inst. (yesterday), is as follows:
Rate of Exchange.
mar..,lionfixl, 32,16,63317631:
idea.: se.
il Z. old per company.
Bombay, 4644 3.. 4d. .28.1 d. per ditto.
Total, 48,8604 17e. 3d.

WEDNINDAY EVENTWO.

The funds remain very inanimate, and closed to-
day the same as yesterday. The immediate tendency
to-day seemed rather favourable, but any upward
movement is restrained by the animated debates in
Parliament, by the demand for money, and by the
approach of the monthly settlement in Consols. The
pnnetpal feature of Stock Exchange business is still
in the railway share market,which has been steadily
advancing for several days past. To-day a further
important advance was established, and after the
recognised hours the market was even feverishly
excited.

The demand for money continues active in all
quarters, and no business appears to be done below
the Bank rates.
Consols scarcely varied throughout the day from
their closing quotation—viz., 933 to for money,
and 93i to 94 for the 6th March. For the Bth
April the price was quoted 943 to I. The official
business report is as follows: Three per Cent.
Consols, for money, 933, 3 ; ditto for account, 6th
March, 931. Three per Cent. Reduced, 94, 933,
941. New Three per Cents., 943, 3. Long Annu-
ities, expiring in January, 1880, n; Thirty Year
Annuities, April, 1886, 183. Bank stock, 220.
Three-andli-Half per Cent. Exchequer Bonds, fall-
payable in 1838 and 1859, q 3. India Bonds,
2.. di..
The Jane Exchequer Bills remain quoted
March
3s. prem. Some sales of the advertised or
bills were made at 2s. dia. Exchequer Bonds won
quoted 981 to 3.

Turkish docks showed great firmness. The quo-
tations for money at four o'clock were 95Z to I for
the Six per Cents., and 1011 to $ for the Guaranteed
Four per Cents. ; but after the recognised hours
the prices were run up to 951 to 96, and
101$ to j, respectively. The " continuation "on the
Six per Cents. to the 17th March ruled at about
per cent. Other foreign securities were also firm,

Ottoman Bank shares closed to-day nt ; to
peen., being firm ; and Bank of F.gypt at par to 1
National Discount remain depressed, at 1 to
redims:; and London Discount at to f„ dis. The
shares of the General Bank of Switzerland were
quoted It to 13 dis. The stocks of the Bank of
Australasia and London Chartered Bank of Aus-
tralia have improved. Land and steam shares were
quiet. Heat and West India Dock stock is officially
I marked 119. Some purchases of West Ham Distil-
lery shares are reported at par.

The nominal closing 9.xpistions for the newly pro-
jected railways are subjoined, viz.: Ferdinand Rail-
way, j to I prem. ; Punjaub Railway, I to i prem. ;
Oda Railway, par to prem.; Central Oude Rail-
way, par to 3 prem.; Eastern Bengal Railway,
to I pram; Mums Railway, par to prem.; Cal-
mitts and Beath Eastern Railway par to / prem.;
Rigs and Denalarg Railway, 1 3:18 to 5-18 prem.;
Euphrates Valley Railway, 1-18 to 3-18 prem.; ro-
piapo Railway, / dia. to par; Italian Junction Rail-
wa,a,ll to 11 dis.
amid notations for some other new pro.
Seats m foßow :—European and Indian June.
den Telegraph,/ to prem. ; Thames General fibeam
Beal Company, I to e prem.
The new nue of shares of the Great Indian Penn-
e yak Railway Caspiay ware quoted i to le prim.