The Express.
London, England, 1857-04-01 00:00:00

MONEY MARKET-TlllB DAY.

Two O'CLOCK.

The drain of gold from the Bank has led to a de-
cline of k per cent. in the funds, but at this reduc-
tion the market shows much steadiness. _

Consols are quoted 931 to 1 for money, and 931
to f for the Bth April. India Stock is marked
224; Exchequer Bills, March, par; ditto, June, ss.
to Is. dis.; and India Bonds, 2s. dis. to Is. prem.
Mexican Bonds rose this morning to 231, and are
now quoted 24 to 1. Other foreign descrip-
tions are very quiet, the sales being confined
to Brazilian Four-and-a-Half per Cents., at 981;
Peruvian Four-and-a-Half per Cents., for 17th
April, at 77; Spanish Old Three per Cents., at 411 ;
and Turkish Six per Cents., for the 17th inst., at
971 and 98/.
The withdrawals of gold from the Bank yesterday
are understood to have reached 120,0001., making a
total of about 220,0001. this week. The whole is
destined for the Continent. Of the sum taken nut yes-
terday, part is understood to be in payment for silver,
and part. for the Bank of France. It in stated that
the parties who are engaged in supplying that esta-
blishment with gold from this side are disposed to
increase their remittances during tho next two or
three days, in consequence of the decision of the
Bank to reduce the premium on gold from 6
to 4 per milk, dating from Friday next. The
immediate stimulus given to the efflux or gold may
therefore be considered to a certain extent excep-
tional. In the absence, however, of any adequate
stock of silver in this market, supplies must still be
drawn from the Continent, and paid for in gold.
The La Plata, which arrived at Southampton from
the West Indies this morning, brings specie to the
value of 1,743,236 dollars.
At Paris, at the monthly settlement, which is
now in full progress, money is found rather tight on
the Bourse ; and the charge for carrying over the
accounts of speculative holders to the end of April
is 46c. to 50e. The latter rate is equal to about 81
per cent. per annum. Notwithstanding the extent
of the speculation for the rise thus indicated opera-
tors in that direction remain confident, owing to the
decided improvement in the position of the Bank of
France, and to the favourable statements officially
circulated relative to the state of the national
finances. The French funds have long been excep-
tionally depressed, in consequence of the enormous
creation of new stock occasioned by the Russian war.
Now that the government has solemnly committed
itself to a declaration that, unless under circum-
stances at present unforeseen, no state loan will be
raised during the ensuing financial year, it is argued
that the market for the Renter must be considerably
strengthened.
The Daily News publishes the new Russian
tariff, as officially proposed. It is stated that an
influential deputation from the interior of Russia has
waited upon the government to beg that the changes
contemplated, many of whicli are of an important
character, may be only. gradually enforced.
A sum of 100,0001. in sovereigns is already en-
gaged for transmission to the Cape of Good Hope by
the steamer James Hartley, which is to leave Dart-
mouth on the 6th April.
On 'Change yesterday afternoon the rates for bills
on most continental cities were quoted slightly lower.
The demand for paper is doubtless promoted by the
continued heavy withdrawals of silver from the Con-
tinent. As regards Vienna and Trieste, however, a
slight advance occurred. The current quotations
are subjoined:
Amsterdam, three months, 11.18 to t ; ditto, short, 11.151
to 16 ; Rotterdam, three months, 11.14 to I ; Antwerp
eel Braila) three menthe, 25.42 k to 71 Hamburg, three
months, 13.7 to 1 ; Paris, three months, 25.621 to 5 ; ditto,
short, 25.22 to 7t ; Marseilles, three months, 25.65 to
71 ; Frankfort-ea-the-Haire three months, 1191 to
Petersburg, three months, 371' to 1 ; Vienna, three monthl; s,
10.211 to 30 • Trieste, three months, 10.29 to 31 ; Naples,
three monthi, 421 to 43; Genoa, three months,2s 70 to 5;
Leghorn, three months, 29.40 to 5; Palermo, three
months, 1291 to 130 ; Messina, three months, 129* to 130 ;
three months. 52 to ; Lisbon, three months,
2411°82.
The Orient has arrived from Adelaide, and the
I Star of Tasmania from Launceston, but neither of
these vessels is known to have any gold on freight,
and the dates have in each case been anticipated.
The following letter, addressed by the Commis-
sioners of Inland Revenue to Messrs. I'almer, MM4
killop, Dent, and Co., has been posted in the Stock
Exchange :
Sir,—ln reply to your letter of the 24th inat. I em directed
by the Baud of Inland Revenue to state that the deduction
for lemma tax becoming due on the 10th of next month,
payahie by you in respect of Turkish Bonds, should be at the
rate of 7d. in the peand.-1 am, lte.
THOMAS Kama.
The report read at the meeting of the Hungarian
Land Company yesterday stated that only 10,193
shares out of the 40,000 necessary to be taken for the
purchase of the Hungarian Estate had been paid upon
at the rate of 2e. per share, realising 1,0191. The
whole of this sum has been expended, with the ex-
ception of 1821., and against this there were claims
put in to the extent of 2071. A shareholder ex-
pressed an opinion that, considering the position of
the company, the directors had better agree to wind
up at once. The motion was passed unanimously,
after which the meeting separated.
The second call of 51. is to be paid on the shares of
the Salisbury and Yeovil Railway Company by the
Ist of May.

TIIIIIDAT EYINDIO.

Notwithstanding the continued drain of gold from
the Bank, the stock markets retain a favourable ten-
dency. The funds to-day advanced about 1 per
cent., and many classes of English railway stocks
to / per cent. The leading French lines show a
further improvement, in response to the movement
at Paris, where operations for higher prices in these
securities are freely carried on. The more favour-
able character of the financial advices from Paris
evidently assisted the market to-day. The anticipa-
tion that a portion of the two millions of Exchequer
Bonds whirl are to be paid off in May will come
into the market for re-investment also tends to sup-
port the funds.
In the Stock Exchange to-day the supple of money
was good, considering the demand incidental to the
completion of the settlement in shares and foreign
stocks. In the discount mar':et, however, some strin-
gency was observed, the demand being active.
Consols opened at 931 to for the Bth April, and
closed at 931 to 1. For money the last price was
931 to 1, and for the 7th May, 941 to t. The official
business report is as follows:—Three per. Cent.
Consols, for money, 931, 94 ; ditto, for account,
Bth April, 94 931. India stock, 224. Three-
and-a-Half per Cent. Exchequer Bonds, falling pay:
able in 1868, 98!,
The March Exchequer Bills were quoted par to
41. prem. • and the June Bills, be. to Is. dis.
Turkish Six per Cents. recovered /to per cent.
to-day, elating at 98 to for the 17th April. The Gua-
ranteed Four per Cents.left off the same as. yesterday,
at 1011 to 1 for the new account. Mexican Bonds
were more inquired for. Russian stocks, which yes-
terday fell 1 per cent., have not recovered.

TheWeymouth and Channel Wands Steam Packet
Company hero chartered the North of Europe Steam
Packet Company, for eighteen months, the stammen Aquila
and Cygnus, which nlli commence reaming bsteranWonetc.
mouth and Jersey and (unsay an the 16th dant .
The South Western Company's simmers emnannos
between Weymouth and the Channel Ideals on all
of Rien.
CAMBRIDGE, MARCH 31.-00/IULU' AND CAIUR
Commas.—Thip following aointments were made by the
Haase Swim on Wou&y —Rev. A. G. Day, M.A.,
dear Film Is the living of Wellies, Notiolk ; Rev. S.
Massa, ILA, Ms Smite Fellowship; Rev. W. H. Brows,
LAO* n Fsmithmil Fellowehip; J. 11. Fletcher, Esq,
ILA, r a Wortley Fellowship; J. Venn, Rol., 8.A.., to a
Pim reirrielb4; C. H. Munro, Esq., 8.A., to a Penn
Pima*
Tin Marsoroisrmi Foace.—The charge for the
usigpallaa
.for the present year is 103,6 W.
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