The Express.
London, England, 1857-02-21 00:00:00

MONEY MARKET.-THIS DAY.

Two o'OLocit.

The fonds to-day have been quiet and steady.
Prices are now quoted exactly the same as they closed
yesterday. English railway stacks exhibit, in
many cases, a continued tendency towards improve-
ment.

Consols for the sth March were quoted 93Z to 94
during part of the morning, and now stand at 93 13-
18 to 15-18. For money the price is 931 to /. The
Three per Cents. Reduced have been dealt in at
931 to 94+; the New Three per Cents, at
94/ to ; the Five per Cents., at 1131;
Bank Stock at 220; Exchequer Bills at par to 3s.
press.; Exchequer Bonds, 1838, at 981; and India
Bonds at 2s. dia. to Is. prem.
Turkish Six per Cents. are steady at 931 to 1 ;
and the Guaranteed Four per Cents. at 1011
to /. The Spanish Coupon-Certificates are more
inquired for, and arc marked 81 and 61 per cent.
The other transactions recorded in this department
are limited to Dutch Two-and-a-Half per Cents. at
85 (exch. 1211.) ; Portuguese Three per Cents., 1833,
at 441; and Russian Four-and•a-Half per Cents., at
971 and 98.

It appears from the statutes of the Russian rail-
ways that, of the first issue of 12,000,0001. sterling,
about 4,300,0001. is to be apportioned in Russia
2,500,00 W. at Paris, 3,400,000/. at London, 1,400,00 W.
at Amsterdam, and the rest at Berlin. No reliance,
however, is to be placed upon this apportionment,
for it will be easy to transfer the stock to any mar-
ket willing to absorb it. There is nothing to pre-
vent Russian allottees from realising in the London
market, especially if any premium were current here.
We have already intimated that an association is
being formed to carry out the concession recently
obtained by Mr. Layard for the construction of the
Imperial Ottoman Railway, which is to con-
nect the Danube with the Mediterranean sad

Black Sea. On Thursday morning the Turkish
ambassador received at ha residence in Bryan-
stone-square an influential deputation to discuss
the terms of the flrman. The following gentle-
men were present, vie.:—Mr. Laysrd, M.P. (chair-
man of the company); Sir Baldwin Walker, Bart.,
Surveyor of the Navy; Major-General Sir W. Fen-
wick Williams, Bart., M.P.; Sir Henry ltawlinson,
K.C.B. ; Mr. Kirkman Hodgson, Mr. G. Glyn, Mr.
Charles Bell, Mr. Hankey, Mr. Hera, and Sir Mac-
donald Stephenson.
The Arago, from New York, has brought 50,0001.
in specie; but this is on French account.
Some considerable Purchases of silver were ef-
fected yesterday, for shipment by the next steamer for
India, at ss. lid. per oz. standard. The market for
this metal is considered somewhat firmer, owing
chiefly to the fact that the greater portion of the
quantity on sale has now been absorbed on Indian
account. The amount already purchased for trans-
mission by the steamer of the 4th pro:. is computed
at above 400,0001. We understand that some fur-
ther considerable orders have been despatched to
buy silver on the Continent, against which occasional
remittances of gold will probably continue to be
made from this side. In some quarters there is an
idea that the payment in St. Petersburg of the
600,0001. deposit on the Russian railway concession
may have some effect upon the market for silver.
It is stated that the forthoominfc dividend of the
North and South-Western Junction Railway Com-
pany will be at the rate 51 per cent. per annum.
With reference to the market for American rail-
way securities, Mr. E. F. Sstterthwaite reports as
follows :
Them be been • moderato amount of setivttj in American
securities in London during the pet week. Illinois Central
shares hays further advanced. Construction Bonds have
brought 911, and close sellers so. We note moderate trans-
action' in Ern Third Mortgage 1862 and 1871 Hondo, in
New York Central and Michigan Central Convertible
Bonds., and at the club an active inquiry for Pennsylvania
Centel dune at an advance.
The return of the Bank of England for the week
ending Saturday, Feb 14, when compared with the
previous return, shows the following results:
Circidadlea Was] £24,054,270 Increase .45286,770
Chadian active
Pthileilmselts
depedb
Oevermist securities in
bratkaidegertment
Otbur asandliai la leaking
egielamest 18,247,794 Increase 346,111
Cob awl hellion in both
agastments
Sem Asp other btlls
The Lot
The Ikeerre
The increase of 363,5601. in the reserve of notes,
and of 280,414/. in the coin and bullion, form decid•
edly satisfactory features. The government balance
ie now unusually large.

BANK OF RRGLAND.-1e
Rh Y. C. 34 tut ta• hulk
MCI I

it, moose{ to the Act TtA sad
oo &tardy% Y0b.14,
imam
rzerotatt Deft ....
pia Coln caws

04.044.r0
ILAJCIIIe II

rritcis'
1."742 f=lad.or!l.7..debt
ju.s.
Othdr aerials ...... 11.147.194
woo
eis tweV
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FIIDAT EVINING.

The funds opened firmly, and were maintained at
an advance of 1 per cent, during part of the day,owing
to the continued rise at Paris, coupled with the an-
nouncement that the Bank of England will renew
their advances upon stock up to the April dividend
period at the rate of 6 per cent. per annum. The
rate recently charged, it will be remembered, wu
84 per cent. In the afternoon, however, some sales
were pressed, and vague rumours were circulated
relative to the opposition which the Budget is to
meet with in the House of Commons. The closing
quotations were consequently about 4 per cent.
below those of yesterday. English and French
railway shares to-day retained an upward tendency.
During the morning the discount market was
quiet, and transactions took place below the Bank
rates, but in the afternoon the demand became more
active. In the Stock Exchange money was easier,
at 5 to 6 per cent. for loans on government stock
from day to day.
Consols for the 6th March were alternately
" buyers" and " sellers" at 94 during the greater
part of the day, but receded to 931, " sellers," late in
the afternoon. After the recognised hours, the
market was again somewhat firmer, at exactly 931.
For money the last price was 931 to 1. The official
business report is as follows:—Three per Cent.
Consols, for money, 931, 1,4; ditto for account,
6th March, 94. Three per Cent. Reduced, 941, 94,
941, 94. New Three per Cents., 941, 1, 1. Long
Annuities, expiring in Jan. 1860, 21. Bank Stock,
220, 2184. India Stock, 2214. Three-ancla-Half
per Cent. Exchequer Bonds, falling payable in 1869,
881.
Exchequer Bills remain quoted Is. to 4s. prem. ;
and Exchequer Bonds, 984 to 4. India Bonds were
dealt in at 2s. dia. to Is. prem.
Turkish stocks were comparatively quiet to-day.
The Six per Cents. maintained yesterday's closing
quotation, viz., 961 to 1, during the morning, but
closed at 931 to 1. The Guaranteed Four per
Cents. left off' at 1014 to 4. Spanish Bonds
im-
proved about 4 per cent. Other foreign descriptions
were steady.

Messrs. Closkey and Co., not having yet succeeded
in inducing the Poet Office to make up a mail-bag for the
Hamburg and Brazil line of steamers which call at South-
ampton, leaving that port for Lisbon and Brazil on the 24th
leach month, pewees detaining the Penopolia, appointed
far the 24th that., until the arrival of Mondale lettere from
Liverpool and Manchester at Southampton, for the conveni-
ence of merchants at those places, who, from the refusal of
the Port Office to make up a mail, would otherwise Lire
Dees oblipi to close their orralpaftos es Bandy.