The Express.
London, England, 1857-06-13 00:00:00

MONEY MARKET.-THIS DAY.

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CHOWN4IIICZ, JONI 11.—Member returned to I
serve to the pcusent Partimaist—County at Kerry Many
Astkoz Harbin, of Muckroan in the county of Kirry, Chief
looratory to tke Ltd Laurent
al lidni—Goortte.

Two o'CLoci.
The preparations for the settlement in railway
shares engage chief attention in the Stork
Exchange to-day, and the share markets
are somewhat better. The funds, however,
are rather dull and prices arc now quoted about
1-16 per cent lower than they closed yesterday.
Consols after standing at 931 to 1, are
now quoted at 93 1.16 to 3-16 cx div., for the
9th of July. Consols for money (shut) are marked 94
and 931 with div. ; the Three per Cents. Reduced,
at 921 tol ; the New Three per Cents., at 921 to
; Bank Stock, at 212 to 214; Exchequer
Bills, 2.. dia. ; Exchequer Bonds, 1839, 981 to / ;
and India Bonds, 7s. dis.
Turkish Six per Cents. remain quoted 951 to 1,
and the Guaranteed Four per Cents., 1011 to .1.
Other foreign securities are also steady. The
soles include Brazilian Four-and-a-Half per Cents.,
1832, at 971 ex div. ; Granada Active Bonds,
at 221; do., Deferred, at 61 ; Greek Bonds,
at 51; Mexican, at 221; Portuguese Three per
Cents., 1853, at 461 ; Sardinian Five per Cents., at
89 ; and the Spanish Coupon Certificates, at 61 per
cent.
The market retains steadiness of character, owing
to the evidence now afforded that the position of
both the Bank of England and Bank of Franco
is becoming stronger, despite the disturbance oc-
casioned by the extraordinary flow of silver
to the East. The funds were rather held in check
yesterday, however, by an increased demand for
money. In the Stock Exchange some Lona fide sales
of government stock were effected, and the current
rate for loans on these securities was fully 61 per
cent. In the discount market, as usual on a Friday,
the demand was also active. The preparations for
shipping fully a million sterling in silver to the
East on the 20th amply account for part of the
demand now witnessed.
At Paris yesterday the Three per Cent. Rentes rose
fully 1 per cent., closing at 68.40 ex div, for money,
and 68.65 ex div. for the end of June. The favour-
able character of the Bank of France return doubt-
less assisted this movement.
A further sum of 40,0001. in gold was purchased by
the Bank yesterday, and a like amount is to be sent
in to-day. Including these amounts, it is computed
that the Bank will have purchased a total of about
400,0001. during the present week.
It is believed that the shipments of silver for the
East by the Pera on the 20th inst. would con-
siderably exceed one million sterling, but for the
difficulty of effecting insurances upon so enormous a
sum in one bottom. One million, however, seems to '
be already engaged for this steamer.
The Baron Osy has arrived in the Thames from
Antwerp with 49 cases and 9 barrels of specie
on freight, estimated to be worth upwards of 40,0001.
The Emigrant has arrived from Launceston, but
is not known to have any gold on freight.
The foreign changes yesterday afternoon werefirm.
As regards Hamburg, a slight improvement was esta-
blished. The rate on Naples was flat. The current
quotations are shown below, viz. :
Amatenhun, three months, 12 to 12.01; ditto, short, 11.17
to 18; Rotterdam, three months, 12 to 12.06; Antwerp and
Brussels, three menthe, 25.471 to 621 ; Hamburg, three
months, 13.8 to 1•, Paris, three months, '25.70 to 5; ditto,
short, 25.25 to 30; Marseilles, three months, 25.70 to 6;
Froakfult-oa-tho-Xsiste, ohne mouths, 1191 to f; Peters-
burg, three mouths, 361 to 71; View., three months, 10.32
to Si ; Trieste, three mouths, 10.33 to 35 •; throe
months, 421 to ; Genoa, three months, 25.75 to 80; Leg-
horn, three months, 29621 to 71 ; Palenno, three months,
1291 to 130; Messios, Qrse months, 1291 to 1301;
three months, 621 to 1 ; Lisbon, three months,
lar_tt°ol
The corn market yesterday was firm, a good clear-
ance
being effected of the English wheat at market:
in some instances an advance of Is. per qr. over last
Monday's rates was obtained. The imports of foreign
grain into London this week have been very small.
Not a single grain-laden vessel has arrived at port
of call. The country markets are described as firm,
and in some eases rather higher.
The monthly return of the Bank of France, as
made up to Thursday last, the 11th of June, shows
the following results (the exchange taken at 25f. to
the pound):
Coin and bullion ....L11,390,100 Increase 1:2,056,800
Bills discounted .... 19,975,300 .. Decrease 1,334,000
Notes in circulation 22,763,300 .. Decrease 554,500
Treasury deposits .. 4,541,903 .. Increase 1,280,400
Private deposits .... 6,695,400 .. Decrease 162,300
Advance. on French 1,052,200 Decrease 158,500
Govranit. Securities
Advance. on Rail- 702,500 .. Demme 50,300
way Securities ....
This is the most favourable return that has been
issued by the Bank for many months past. The in-
crease of more than two millions sterling in
the bullion fully corroborates the reports lately
circulated. The Bank's resources have been
also increased through the heavy diminution
of 1,338,0001. in the bills discounted, the further
decrease of 208,8001. in the loans on stocks and
shares, and the addition of 1,280,4001. to the govern-
ment deposits. Simultaneously with the important
increase in the metallic stock, there is thus * dimi-
nution of 554,5001. in the Bank's liabilities in the
shape of notes afloat: the position of the institution
is consequently rendered much stronger. The
drawback to this favourable view consists in the fact
that the accumulation of bullion is artificially effected,
through the operation of the premium offered for gold
by the Bank. The sum expended in this way
daring.the month was 17,3401. Last month, when
the corn and bullion declined by 68,2001., it was
scarcely 10,0001., and in the two preceding months
16,0001. and 16,4001., respectively. It is, therefore,
evident that the Bank has lately prosecuted its
foreign purchases of bullion more vigorously, not
only in England, but in New York, as well as Hol-
land and other parts of Europe. In some quarters
it is suggested that the directors, in acting thus, may
aim at facilitating the arrangements in connexion
with the contemplated issue of fresh notes
authorised by the bill which has just received
legislative sanction. The amount of the Treasury
balance is satisfactorily large, hut on the
22nd inst. the half-yearly dividends on the Three
per Cent. Rentes fall payable. The fact, recently
mentioned, that this item includes an available
balance of 1,280,0001. belonging to the " Cairo de
Dotation" of the army—which sum ought by rights
to be iavested in government stock—is also calcu-
lated to induce the public to exercise caution in re-
ceiving figures referring to the state of the French
Treasury. The increase of bullion is thus appor-
tioned, viz., 671,4001. in Paris and 1,385,4001. in the
branch banks. In the circulation the decrease is
almost solely confined to Paris, the diminution there
being 529,0001. The private deposits have decreased
in Paris by 230,600!., and increased in the branch
banks by 68,300!. As regards the discounts, the
diminution in Paris is 1,012,0001., and in the depart-
meets only about 325,0001.
A general meeting of proprietors of the London
Chartered Bank of Australia is called for the 26th
inst., when a dividend is to be declared.
TheEmigr.ation Commissioners will receive tenders
on the 18th inst. for the hire of a ship,which must be
ready to receive passengers, for conveyance to Gee-
long, between the 29th of July and the 6th of
August.
The return of the Bank of England for the week
ending Saturday, June 8, compared with the pre-
view return, shows the following results :
Circulation issue
Circulation active
Public deposits
Other deposits
Government securities in
bulking department
Other securities in banking
department 19,068,740 :BMW 764,165
Coin and bullion in both
departments
Seven day sad other bills 664,487 Decrease 48,841
The Rest
Notes in reserve ...• 5,277,600 Increase 653,680
11=-re increase of more than a quarter of a million
in the coin and bullion, and of 553,6801. in the stock
of unemployed notes, form very satisfactory features.
We must not overlook, however, the activity of the
demand for money, as shown in the increase of up-
weeds of three-quarters of a million is the " other

Seto lowt

ROM 07 7701.1 N P.—An Atenuat. 0
16771 e. U. for te not 4,41. on tt‘tur.inf.J.7%. dUST me

,HI • 13,111,kallIaNT.
..C4.0. r. o
*• ,ioverveleat Ilet4
otlvr 44.arlthe• a,432,910
0?I I Co'nkti 1 ikkhos GAM. ,0

T.1.04.1.V10 04.043.50
111111.3 IMPIIIIIOI.
Pr.rnistore Capital.. .414 o.l.fferrotest Renville%
Era 1.121.814 Lm a 4 Waled
Public Pepott. llaiwt Anannyl C 10.291.131
►sehra..ll4, Maks.
Comes. at NaLlmaal
Dew golv..tosuj TAILS* i Out mad iiltsr 102.01.4)
Mbar Dvpotito, . AWN
Wrench,! and 0th.... LLLIa 4:1.47
5.14311,510 113.5 311,540
Jam 11. 124 T. Y. 11•11811 ALL, Chlef I..Utaar.

FRIDAT EVISIIIO.

The rumour set afloat in the Stock Exchange yes-
terday afternoon, to the effect that the Bank of
France had reduced its rate of discount, proving
groundless, the funds to-day did not fully maintain
the recent improvement. Tim reaction, however,
scarcely exceeded 1-16 per cent.
Consols, which late yesterday afternoon were
quoted 931 cx thy. for the 9th of July, opened this
morning at 93; to 1, and closed at the same price.
The market was steady throughout the day, except
for • moment, when stock was offered at 931.
The official business report is as follows
Three per Cent. Consols, for money (shut), 94, 931,
with div.; ditto for account, 9th July, 931, 931 ex
div. Thins per Cents. Ryland, 921, 1, . New Three
per Ceata., 921, 1,1, 1. Thirty Years Anus., expir-
ing in April, 1883, 18. Bank Stock, 214, 212.
India Stock (shut), 223, with div. for money.
Three-and-a-Half per Cent. Exchequer Bonds, falling
payable in 1839, 981. India Bonus, 6s. dia.
Some transactions arc also recorded in Consols for
the opening of the transfer books on the 17th of
July, at 931 and 931 cx div.
Pachequer Bills remain quoted 2s. dis. to 2s.
prem., and Exchequer Bonds, 981 to 99.
Turkish Six per Cents. were more offered this
afternoon, and closed 1 per cent. Weer than yester-
day, at 951 to 1. The Guaranteed Four per Cents.
remain steady, and were last quoted 1011 to t.
Spanish Bonds and Russian Five per Cents. were
more inquired fur. At fouro'clock Dutch Two-and-a
Half per Cents. were quoted 611 to 651; ditto Four
per Cent. Certificates, 96 to 98 ; Mexican Bonds,
221 to ; Russian Five per Cents.. 108 to 110; ditto,
Four-and-ahalf per Cents., 97 tuft. Peruvian Few,.
and-a-Half per Cents., 75 to 77.
Bank shares remain steady. Those of the English,
Scottish, and Australian Chartered Bank were
firmer. Ottoman Bank closed at par to prem.
Canada Land and North of Europe Steam shares
were weaker. East and West India Dock stock was
marked 120 and 1181, sad that of the Trust and
Loan Company of Upper Canad-i, 1 prom.
The nominal closing quotations for the newly pro-
jected railways are subjoined, viz.: Punjsub Railway,
5-16 to 7-16 prem. ; Oude Railway, pax to i_prent. ;
Central Oude Railway, 3.16 to 5-16 prem.: Eastern
Bengal Railway,l to 1 prem. ; Calcutta end South
Eastern Railway, par; Euphrates Valley Rail-
way, par to / prem. ; North of India Tnmroad, par
to 4 prem.; Trinidad Railway, par to I prem.;
Italian Junction Railways, 11 to 1 dia. ; Grand
Russian Railways, 1 tot prem. ; Riga and Duna-
burg Railway, tto dii.
Ihe shares of the Mediterranean Extension Tele-
graph Company were quoted par to 1 prem. ; and
General Bank of Switzerland, 2/ to 2 dill.

MINES.-THIS DAY.

Two o'CLoci._

There is still no revival in the business in the
market for home mining stocks, which remain flat
in character. As usual on a Saturday, there is little
inquiry for any description of stock. The only
transaction reported in the Stock Exchange is in
North Wheal Basset shares at 164.
The transactions in foreign descriptions arc rather
more numerous. Santiago shares are flat, and are
marked 21. Cobre have been dealt in at 52; General
Mining at 20 ; and ])un Mountain at 1 prem.
Subjoined is a list of yesterday's transactions in the
Mining Exchange
Botallack. 272; Catherine and Jane, 25.; Castell, 6;
East Russell, 13e., 13e 21., 13s, 144.; East Tolgus, 6;
Holmbush, 2, ; North Croft, 4i, I ; Tamar Consols, 2.5 e.,
26e. 6d.; Tavy Consols, 6 ; Talradden, 104, 11 ; Wheal Pal-
ward, 61, 6, 611, 3-16, 5-16.
Subjoined is our weekly repoit of the metal
market :
Tha metal market continuos on the whole rather inactive ,•
but the reduction of lest week in oeppev has brought forward
a good many orders for that metal, nod more senvity is
expected. The demand for iron is limited, and low prices
are accepted on some brands. Tie has not rallied. Speller
is altogether neglected, and tin plates are dull. Lead con-
tinuo in good request at full pipes.
At a meeting of the adventurers in the Peron and Corn-
wall UnLed Mince, held at Exeter, on the 6th inst., the ac-
moats showed a balsam of 3301. 10a. 21 against the mine.
145 tons of ore were sampled on the 29th tilt
At the Vole of Towy Mine a dividend of Gd. per share
(5001.) was declared to-day.

FRIDAY ZVI/IMO.

The market for home mining stocks remains Gat
in character, sellers still predominating. Great
Wheal Vor and North Wheal Basset shares may be
particularised as lower. In addition to the transac-
tions reported in the official list, shares in North
Basset have been dealt in in the Stock Exchange at
16 to 16), ; Wheal Edward, at Gk to GI ; and Tamar
Consols, at 275. Gd.
The shares of the General Mining Company (Nova
Scotia) continue in good demand, and have risen to
19 to 21 ; transactions are officially reported in them
in the Stock Exchange at 20. Other colonial as
well as foreign det.criptlons were quiet.
The shares of the Great Barrier Land, Harbour,
and Mining Company were quoted 1 to prem. ;
West of Ireland Mining Company, to 3 prem.

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