The Express.
London, England, 1857-04-08 00:00:00

MONEY MARKET.-THIS DAY.

i: I ye
le II si

If N
N N
N N

11 Pa

Ua sii s.
II $ /.n
Fle Fit
Os SS
IS 14

333 3ii
111 IN
NS IN
INle IN
N
igdsill
Slf 111
PS
.11 1 Ns

Oa all
lb 1 do

lILFATII

t if
dm.lr
- -
Pe Crli
Ni
Se

U II sin
Y K

NI
NI
• O.

M a
or i pa
si N
I if

M
SG
6
1 11%
PI Ipi

111 111

fi
St
St
a al we
II Ili

it II

II lie

IaII
II
II
Il I

Ida beAlsy
1.._._

Ps
la+ :■
za

lee li
h i
Ha
In
VI

Ili I
O

U BS
? II
10 ITO

OS 443 sul
Ile -if/
f $ !

i !I
2! 2!

we

113. y

I.w I+

1.11

Two o'CLocw.

The funds continue to decline. A further re-
duction of nearly per cent. has been established.
The other departments of the Stock Exchange are
rather fiat. French railway shares have fallen.
Consols, for money, ruledat 921 to in the morning,
and are now quoted 921 to 4. For the
7th May, the price is now quoted exactly
93, after standing at 931 to 1. The Three per Cents.
Reduced arc marked 911 to ex div ; the Three per
Cents, 911 to; ex div. ; Bank Stock, 216 to 218 ex
div. ; India Stock, 2231 ; Exchequer Bills (June),
6s. to 2s. du.; Exchequer Bonds, 1839,981 and 981;
and India Bonds, ss. to 2s. dis.

Turkish Six per Cents. are lower, but still show
resistance to the fall. The Guaranteed Four
per Cents. are heavy. Mexican Bonds are better,
and other foreign descriptions dull. Subjoined
is a complete list of the morning's sales :
namely, Brazilian Old Five per Cents. at 100;
Chili= Three per Cents. at 79 and 78; Dutch
Four per Cent. Certifs. at 97 ex div. , Mexi-
can Bonds, for the 17th inst., at 231 to
231; Turkish Six per Cents, at 901 and 901; ditto,
for account, at 97 and 961; and the Guaranteed
Four per Cents., for money, at loot and 1001.
The Bank of England late yesterday afternoon an-
nounced a fresh measure of restriction, having de-
cided to limit its accommodation upon bill-broken'

bills to one month at the present minimum discount
rate of 61 per cent. This is simply a defensive
measure on the part of the Bank, which adopted a
precisely similar resolution during the; severe pres-
sure of last autumn. Hitherto the dis-
count houses have been enabled to apply to
the Bank for accommodation to any extent

upon the ordinary current terms; but the means of
the establishment being now so much straitened, the
directors think it advisable to keep them more under
command, and will therefore lend to these parties for
one month only. As regards the general commercial
public, the Bank's terms remain unaltered ; but yes-
terday's announcement is calculated to keep alive the
apprehension of an advance in the rate of discount to
7 per cent.
On 'Change yesterday
.afternoon bills on moat
continental places, including Paris, Holland, Bel-
gium, Hamburg, and Vienna, were quoted at a
decided advance. The improvement was especially
observable in the rate for short bills on Paris. The
current quotations are shown below, viz. :
Amsterdam, throe months, 11.181 to 19; ditto, short, 11.16
to I ; Rotterdam throe months, 11.181 to 19; Antwerp,
and Brussels, three months, 25.45 to 50 , Hamburg, three
months, 13.81 to ; Parts, three months, 25.66 to 70; ditto,
short, 26.25 to 321; Marseilles, three months, 26.671 to
721 ; Frankfort-on-the-Maine, three months, 1191 to 1 ;
Vienna, three months, 10.31 to 33 ; Trieste, three montba,
10.32 to 35; Naples, three months, 43 to 1 Genoa, three
months, 26.79 to- 76; Leghorn, three months, 29.42 to
471; Palermo, three months, 1291 to 130; Messina, three
month', 1291 to 130 ; Oporto, three months, 621 to 1;
Lisbon, three months, 62 to 1.
The 200,0001. in gold ex the Orwell is not yet in
hand. Hopes are entertained that a portion of it
will be retained here, the stringency of the money
market and the rise in the exchanges having ren-
dered the buyers of gold on Continental account
much less eager. About 20,0001. of the Australian
supplies lately reported was yesterday, in consequence,
sent into the Dank. Against this, however, must be
act a withdrawal of about 10,0001. in American
eagles, destined for Hamburg. Owing to the rise in
the rate of discount in that city to 8 per cent., a
quantity. of silver recently received from France
with a view to exportation to the East, is ordered to
be shipped to Hamburg. In the event of any consi-
derable arrivals of Australian gold being shortly
announced, there is every prospect of a good portion
being sent into the Bank.
According to the return of the Bank of Vienna
for the month of March, the stock of specie has in-
creased by 1,243,6718., standing now at 91,417,8298.,
or say 9,141,0001. sterling. The notes in circulation
amount to 375,152,8298., showing a decrease of
719,5108. The Bank continues to absorb silver, but
there seems as yet little prospect of a resumption of
cash payments.
It in estimated that about 5,500,000 lbs. of tea will
bo delivered this week, duty paid, from the port of
London.

The third call of 21. is to be paid on the new shares
of the London, Tilbury, and Southend Extension
Railway by the let of May; and the third call of
21. on the Barking Extension shares by the same
day.
The half-yearly meeting of the Great Indian
Peninsular Railway Company is called for the 29th
Inst.; that of the Independent Gas Company for the
15tk inst.; and that of the Great Central Gas Con-
sumers' Company for the 24th inst.

TuzenAt ETExnce.

The unfavourable change in the aspect of the
money market continues to weigh upon the funds
and other securities. Consols this morning sus-
tained a fresh fall of per cent, upon a pres-
sure of sales to close the accounts of operators
for higher prices. This process will ultimately
place the market upon a firmer basis, but at the
settlement now in progress, the "continuation" to
the May account has advanced to 9-16 to # per
cent., or equal to 7} to 81 per cent. per annum. In
the afternoon the funds wore a steadier appearance,
owing to the improvement in the foreign ex-
changes, but the closing quotations were still
per cent. below those of yesterday, news of a
fresh fall at Paris tending to check any tendency
towards recovery. The fall, however, is prevented
from assuming immoderate proportions by the
knowledge that upwards of a million and a half of
gold is actually on its way to this country from
Australia, and by the anticipation that reduced prices
HS SO krill lead to re-investments of the dividends, which

will be payable to-morrow. It must be remembered
that the price of Consols for the May account in-
cludes I per cent. of accrued dividend.
Consols, which closed yesterday at 92; to 93 for
' money and to-morrow's settlement, opened this
morning at 921 to I, upon a pressure of sales by
speculative holders. After declining to 921 to 4, the
price recovered to 921 to 4, and finally closed at
92: to t. For the 7th May the last price was 934.
The official business report is as follows:—Three
per Cent. Consols, for money, 921, 4,4, 4; ditto, "
for account, Bth April, 922, 1, 4. Three per
Cents. Reduced, 914, 1, 1. *ew Three per Cents.,
911, 4,1, 4. Three-and-a-Half per Cent. Exche-
quer Bonds, falling payable in 1869, 981. India
Bonds, 51. dis.
The New Two-and-a-Half per Cents. arc also offi-
cially marked 78.
The March Exchequer Bills were flatter, at 2a.
dia. to 3s. prem. The June bills were quoted Be. to
2s. dia., and Exchequer Bonds 984 to 99.
Turkish Six per Cents. retain much steadiness, in
face of the fall in the other markets. Sales were
pressed in the morning as low as 981, but the price
had recovered at the close to 97 tot
_ being only
per cent. below that of yesterday. 'The Guaranteed
Four per Cents. were last quoted 100: to 1, showing
a fall of per cent. Mexican Bonds were dull, and
left off at 23 to 1.
Ottoman Bank shares closed to-day at ; to 4 die.
ex div. • Bank of Egypt, at 21 to 2 dis. •, and Na-
tional Discount, at 4to 4 die. Union Bank of Aus-
tralia stock advanced It., on purchases. Bank of
London was also more inquired for, but City Bank
showed flatness. Canada land shares were quoted
rather lower. London Dock stock is marked 1021.
The nominal closing quotations for the newly po-
ttdte d railways are subjoined, viz.: Punjaub Railway,
o }prem. ; Gude Railway, par to 1 prem.; Central
a Railway, to. 1 prem. •, Eastern Bengal
Railway, 3-18 to 6-18 prem. ; Calcutta and South
Eastern Railway, par to 1 prem. ; E
14 to luphrates Valley
Railway, par to prem.; Riga Railway,
pron. • Noith of India Trammed, 1-16 to Few. ;
Italian Junction Railways, 14 to 14 die.
Valleys
The shares of the General Blink of Switzerland
were quoted 21 to 2 dim.

MINES.-THIS DAY.

Two o'CLoec.

In the market for home mining etocistO-day the
principal feature is an increased demand for Wheal
Edward shares, which are marked 41 and 41. Wheal
Mary Ann shares have been dealt in at 44i and 45.
In other stadia no bosinase has taken place in the
Stock Exchange.
National Brazilian shares are marked 21. and 21.
Other foreign descriptions arc steady.
Subjoined is a list of yesterday's transactions in the
Mining Exchange:
Alfred Consols, 221; Chancellersville, Bs. 3d., 8s Bd,
Qs-
theme and Jane, 101. 6d., I Is. 6d. ; Devon Bulks, 161..
17a. 6d; East Alfred, 2; East Rovewarne, 145.; Gaylen
United, 11s. 14., 111. 64., 10s. 3d. 10s. 6d.; Great Alfred,
71, 71. 13s. 9d., 7f, 6; Or Vol. 61, 1-16; Hensisfeet,6s ;
Lady Bertha, 12a., 12a. W.; Mirgery, 161, 17 ; Molisnds
25.; South Condnerow, 75., 7s. 6d., 84 , Vale of Towy,
17s. ed. ; West Ss.; Wheel Lockett, 375. 6d. ;
Wheal Mary ifiint 45i,1.
The subscription list of the Dun Mountain Copper
Mining Company in to be closed to-morrow.

TCLPROJIT EVININO.

The market for home mining stocks is prejudiced
by the unsettled state of the money market, which
tends to restrict inquiry. Tineroft, Wheal Hemet,
and Wheal Buller shares were firmer, but Wheal
Mary Ann and Great Wheal Alfred showed heavi-
ness. In addition to the transactions recorded in
the official list, Wheal Mary Ann shares were dealt
in in the Stock Exchange at 46 ; West Fowey, at
91; and Lelant Consols, at 31. 16s. 3d.
National Brazilian, Fortuna, and Poutgibaud
shares were all flatter, and United Mexican rather
firmer.