The Express.
London, England, 1857-07-17 00:00:00

Two o'Cz.ocx.
The funds opened this morning with more firm-
ness, but the advance did not exceed 1
per cent., and a reaction has since taken
place. Consols are now quoted about the same is
at four o'clock yesterday. The share markets, how-
ever, show more strength.
Consols, after standing at 911 to 1, arc now
quoted 91 to 1 for the 6th August. For money
the present price is 91: to 1. The Three
per Cents. Reduced are marked 911 to 1;
the New Three per Cents., 911 to 1;
the New Two-and-a-Half per Cents., 991;
India Steck, at 215 to 216; Exchequer Bills, 4s.
dis. to par; Exchequer Bonds, 981 to 1 ; and India
Bonds, 15th dia.
Turkish Six per Cents. are very buoyant, being
marked 95, 941, and 951 (for the dint inst.). Other
foreign stocks are firm but quiet. The sales
include Brazilian Old Five per Cents., at 1011 ;
Peruvian Four.and-a-Half per Cents., 81 ; Russian
Five per Cents., 109 to 1; ditto Four. and-a-llalf per
Cents., 96/ ; Spanish Old Three per Cents., 401;
ditto for account, 401 to 40i ; and Turkish Guaranteed
Four per Cents. for account, 1021 to 1021.
The news from India has during the last few
days determined sales to a vest amount on the part
of numerous discouraged operators for the rise ; and
this process will ultimately givo the market a more
healthy basis.
The fall in the funds yesterday morning was greatly
aggravated by rumours that a new government loan
is on the tapes, to meet the expenses of the In 6 ion
expedition. The announcement that 2,000 men are
to be added to the navy, besides one thousand
marines, and that a considerable artillery force is also
to be sent out forthwith, gave some degree of
countenance to these rumours. Parties usually well-
informed in such matters, however, arc of opinion
that the pecuniary exigencies of the government are
at present sufficiently provided for.
At the reduced rates of discount there was yester-
day a good demand for money. Probably many parties
held back in expectation of the reduction. In most
qoarters the current rate for first-class bills was to-
day tie per cent., but in exceptional cases transac-
tions took place somewhat below that figure. In the
Stock Exchange loans on English government
securities commanded about 51 per cent.
Following the movement at the Bank, the dis-
count houses and joint stock banks have made a cor-
responding reduction in their allowance for money.
The discount houses now allow 41 per cent. " at
call," and 5 per cent. "at notice;" whilst the joint
stock banks have reduced their rate for deposits from
5 to 41 per cent.
Pm eels of gold to the amount of about 60,0001.
were yesterday sent into the !hulk, making a total of
more than 300,000 i. this week. A total of 20,0001. in
Australian gold is also known to have been taken
yesterday fur exportation to the Continent, princi-
pally in payment for silver.
A sum of about 18,0001. in gold, including 10,000
ivenigns drawn from the Blink, has been des-
patched to Southampton for shipment to Cadiz by
the steamer Sultan, which will sail to-day.
Possibly some further small amountamay be shipped
on board this vessel.
• .The steamer La Plata, for the West Indies, will
take out 19,4251. in specie, of which 19,3001. is gold,

and the rest silver.
The steamer Rhine has arrived from Boulogne,
with thirty cases of silver on freight, worth probably
about 23,000/.
Improbable u it may appear, attempts are actually
being made to negotiate a new loan for the Turkish
Sultan in London. His Majesty, it appears, needs
money for his various purposes, which include the
construction of sundry palaces of vast dimensions,
and the repayment of various loans ob-
tained from Constantinople money-dealers at
exorbitant rates of interest. Probably, how-
ever, the Sultan merely acts upon the representa-
tions made to him by interested parties, who, how-
ever, arc believed to have refrained in the present
instance from pledging their individual responsi-
bility. The sum spoken of is from six to eight mil-
lions aterliog, in a 6 per cent. stock, for which the
price of $2 per cent. is asked from agents and 81 per
cent. from ordinary subscribers, The only security
reported to be offered is that of the Sultan's private
domains, including certain mines. In moat
quarters we find a disinclination to believe
that the project will really be launched ; and the
fact that the exchange on London rose on Wednes-
day at Constantinople (as announced by telegraph)
to 132 to 1 piastres indicates that the success of the
attempt is not credited there. It is, perhaps, natural
that reports of a new loan should affect the price of
the existing Turkish Six per Cent. Stack, but
holders of the latter do not need to be informed that
their claims are specially. secured upon the Egyptian
tribute. 'lbis security IS of course inalienable, and
to the treaties for the settlement of affairs in Egypt
the leading powers of Europe, including Great
Britain and France, arc parties. No new Turkish
loan, should such be attempted, can really affect the
position of the existing Six per Cent stock.
'lle market forindinn railway securitieswas yester-
day excessively heavy. Offers predominating on all
sides, and the demand on the part of investors being
checked pending the pacification of India,sales were
effected with great difficulty, even at considerable
reduced prices. The stock of the Fast Indian Rail-
way Company, for instance, had fallen at the close
to par to 1 prem. ex die. It must be remembered,
however, that all these securities possess an un•
doubted guarantee from the Indian government,
which would be required to make good its engage-
ments with the various companies even were its re-
venues temporarily so much curtailed as to render a
recourse to borrowing necessary.
The European and Australian Royal Mail Com-
pany's steamer Oneida is expected to arrive at
Southampton, from Australia, at the end of the pre-
sent month. This vessel is coming home under sail
to repair defects, and will probably bring little or no
gold. The next telegraphic advices from Australia
by the overland route will be conveyed to Suez by
the steamer Simla, and arc expected to reach Lon-
don in about sixteen days from the present date.
'this intelligence will extend to the 11th of June
from S,adney, and to the 14th idem from Melbourne.
The demand for tea and sugar continues limited.
Saltpetre is still very firm, with on upward ten-
dency. The sale of tin in Holland has gone off
briskly, at advanced prices.
The colonial wool sales commenced yesterday.
There was a very large attendance of buyers,
English and foreign. The biddings were very ani-
mated, and prices may be quoted on the average I ljtl.
per lb. above those current at the May sales.
With reference to the market for American
securities, Messrs. 1). Bell, Son, and Co. report as
follows :

in the Stock Exchange the alteration had been fully
anticipated, and failed to prevent a further severe
fall in the funds.
Consols, which closed yesterday at 91; for the
6th August, opened this morning at 91; to 4, which
was the price current for some tune after the altera-
tion at the Bank had become known. heavy sales
being then pressed, the price receded gradually to
914 to 7-10. At 4 o'clock a rally to 914 to
had taken place, the price for money being
at the same hour 91Z to 4. After 4 o'clock
the quotation for August was still somewhat
better, at exactly 914, or 91 11-16 to 13-16.
The official business report is as follows :
Three per Cent. Consols, for money, 914, 4,4, 4,
},4, Z ; ditto, for account, 6th August, 91}, 4,4, 4, f;
ditto, for the opening, 17th July, 91a. Three per
Cent. Reduced, 91; a, 4. New Three per
Cents., 914, 4, a, 4, a. Thirty Years Annuities,
expiring in January, 1860, 24. Thirty Years An-
nuities, April, 1855, 18 1-16. Three-and-a-Half per
Cent. Exchequer Bonds, falling payable in 1859,984.
India Bonds, 10s. dia.
Exchequer Bills were quoted about ls. lower
to-day, at 4 dis. to par.
Turkish Six per Cents. experienced numerous
variations to-day., but upon the whole were decidedly
better. The price opened at about 94, and was
quoted at four o'clock 944 to 4 (fur the
31st inst.), being 4to per cent. better
than at the same hour yesterday. At half-
past four o'clock the quotation had advanced
to 94Z to 931. The speculative transactions in this
stock are at present very extensive. Turkish Guaran-
teed Four per Cents. were last quoted 1021 to 3 for
31st inst., showing steadiness; Peruvian Four-and-
a-Half per Cents., 804 to 81I• Spanish Three per
(Ants., 40 to ; and the Deferred Three per Cents.,
214 to Z.
Tenders will be received by the East India Com-
pany, on the 21st instant, for the conveyance of
about 800 troops, of her Majesty's service, from
England to Bombay ; also, on the 22nd instant, for
the conveyance of '2OO troops (Company's service)
from England to the same port. These men arc in
addition to those for the conveyance of whom tenders
were invited yesterday. Tenders are also required
for the conveyance of 665 tons of dead weight (of
which 250 tons are telegraph wire), 274 tons
measurable goods and 17 tons of ammunition, from
England to Calcutta ; and of 250 tons of telegraph
wire from I.iverpool to Bombay.
The Admiralty will receive tenders on the 23rd
instant for the conveyance of 22 officers, 420 men,
and 35 women, from the lonian Islands to Ports-
mouth, and7Ootficers, 1,476 men, 97 women, and 140
children, from Gibraltar to Portsmouth.
The undermentioned vessels have been accepted
by the Admiralty for the conveyance of stores—viz.,
the Spattuti for Hong Kong; Jane Pirie, for the
Cape of Good Hope ; and tee Abcona, for Malta.
Bank shares to-day were quiet. Oriental Bank
stock was Matter. The shares of the National Dis-
count and London Discount Companies were also ra-
ther flat ; the former closed at 1 to 14 dia. General
Steam Navigation shares were marked 24 and 234.
Canadian Government Six per Cents. continue in
demand, and rose per cent.
The nominal closing quotations for the shares in
some of the new undertakings are subjoined, viz. :
Gude Railway, les to prem. ; Central Oude Rail-
way, 1-16 to 3-16 prem.; Eastern Bengal Railway,
3-16 to 5-16 prom.; Euphrates Valley Railway,
1-16 to 3-16 prem. ; Grand Russian Railways, to
prem.; European and Indian Junction Telegraph,
dia. to par; Riga and I)unaburg Railway,; to
per share; Parisi Chocolate Company, to prem.

MINES.-THIS DAY

Two o'CLocx.

The market for British mining stocks tol-11riy is
quiet, with no important change in price. There is
a fair demand for Alfred Consols and Great Wheal
Alfred shares; the former are marked 171 and 17/,
and the hitter, 71. Other descriptions are generally
steady.
Foreign mining shares have met with scarcely any
business this morning.
Subjoined is the official list of the closing prices
in the Mining Exchange yesterday. At the prices
given there are, respectively, buyers and sellers
Catherine and Jane, 10a. 6d., lls. 6d.; Bart Alfred,Alf 2441:,
Feat Russell, 24a., 265. ; East Trefusis,l3,6t ; Gnat
7; ,t ; Herdlike-It. 7, 71; Lady Bertha, 12a. 6d,, 13a. 6d. ;
Tamar Consuls, 26a., 2da. ; Vale of Towy, 100., 12s. 6d.;
Wheal Buller, 300, buyers; Wheal Grenville, 255., 275, 6d.;
Wheal Margaret, 58, 60.

TIIrRADAT Bvesmo.
A fair amount of business was done to-day in cer-
tain descriptions of home mining stock, chiefly in
the Mining Exchange. Wheal Buller shares were
in great demand, closing at 300/., "buyers." Wheal
Margaret were sold at 56,1, but ultimately closed
"buyers" at CO. Vale of Tower and Wheal Harriet
shares were rather flatter. In the Stock Exchange
°teat South Tolgus and North Basset shares were
quoted lower.

WEST SPORTING INTELLIGENCE.

(fly ELECTRIC TELEURAPI4.)
LIVERPOOL MEETING.-(TI(IS DAY.)