The Express.
London, England, 1857-03-16 00:00:00

MONEY MARKET-THIS DAY.

Two o'CLocit.
The funds opened this morning at the closing
range of yesterday, but have since sustained a
further decline of I per cent., the efflux of gold
from the Bank being unfavourably viewed. The
railway share market, in which the chief business is
in connexion with the settlement is also flat, but

French lines have risen.
Consols opened at 931 to for the Bth April, and
arc now quoted 931 to I. For money the price is now
831 to India Stock is marked 223; Exchequer
Bills (June) 3s. prem. ; and Exchequer Bonds, 1869,

981 to i.
Turkish Six per Cents. are a little better, at 971 '
to 1 for cash, but the Guaranteed Four per
Cents, have declined to 1001 to I. Mex-
ican Bonds continue in request. The sales ,
include—Belgian Four-and-a-Half per Cents. ,
at 981 (exch. 25fr.) ; Brazilian Old Five
per Cents., at 1031; Mexican, for money,
at 231, 1, and ; ditto, for the 31st
instant, at 231; Portuguese Three per Cents.,
1853, at 451; Itussian Four-and-a-Half per
Cents. at 981; Spanish Old Three per Cents. at
411; ditto New Deferred, for the 31st inst., at 241.
The arrival of three vessels from Australia is
announced, viz., the William Money and her
Majesty's ship Electra from Melbourne, and the
Vocalist from Sydney. The Electra has on freight
15,000 oz. of gold, worth 60,0001. ; but the other
two ships are not known to have any gold on
freight. The dates, in each case, are old.
Notwithstanding the recent large arrivals of gold,
parcels to the extent of about 80,0001. were en
from the Bank on Saturday, to pay for silver oaken
Continent.
The Admiral has arrived from Melbourne, with
40,687 ouncesof goldand4o,ooosovereigns on freight,
representing a total value of about 202,700/.
The other imports of the precious metals, reported
during last week, comprise 80,678 ounces of gold
by the Blackwall:find 41,892 ounces and 00,0001. in
sovereigns by the Mermaid, both from Melbourne ;
2,304 ounces and 1,0001. by the Wooloomooloo, from
Sydney ; and 1,900 ounces by the Niger, from

Attica.
The total value of the week's arrivals is not less
than 760,0001. The imports of silver from the Con-
tinent have also been unusually large. On
Thursday we enumerated supplies estimated to
reach 100,0001. and upwards, and the Rhine has
since arrived from Boulogne with 35 cases, in addition
to some limited arrivals from Portugal.
The Custom-how statement of the exports of the
precious metals direct from London during the week
ending Thursday last includes 30,471 oz. and 1,9001. in
gold, and 7,100 oz. and 1,7001. in silver. The total value
of these supplies is about 123,0001. Nearly the
whole WU despatched to7rance and Belgium. Thepar-
Healers are subjoined, viz.:—Gold coin : to Belgium,
30 oz.; to 80u10gne,23,841 oz.; to Hamburg, 1,9001.
Gold bars to Belgium, 2,000 oz. ; to Boulogne,
4,600 oz. Silver coin : to Boulogne, 1,400 oz. ; to
Belgium, 2,800 oz. Silver bars to Belgium, 2,500
oz. ; to Boulogne, 400 oz. Bullion : to itotterdam,
1,7001.
No shipments are officially reported from the out-
ports, but it is known that, of the imports of gold
above recorded, about half a million sterling has
been transmitted privately to the Continent, in addi-
tion to at least 150,0001. drawn from the Bank.
The following memorandum is forwarded to us by
the directors of the Riga and Dunaburg Railway
Company : March 14, 1857.
The directors of the Commercial Railway of Russia—the
Riga and Ihniaburg line—have received this morning intel-
ligence of the successful termination of their negotiations
with the imperial Russian government for the concession of
this railway upon terms hilly maintaining the advantages
originally anticipated. Full particulars will be announced
en receipt of the official documents shortly expected.
We are informed that the Royal Swedish Railway
Company are in receipt of favourable advises from
Sweden as to the progress of the traffic on that por-
tion of the line now open, comprising the Nord
branch and the section from Orebro to Frovi. Not-
withstanding the winter season, and the severity of
the weather, the receipts last month amounted to
double those of the preceding one. It is expected
that the line will be further opened to Arboga early
in the coming summer.
The following is banded to us by a correspondent
as an approximate statement of the accounts of the
General Screw Steam Shipping Company. After
making the " largest possible allowance 'r for con-
tingencies, it is estimated that there will remain for
division amongst the shareholders a balance of
147,459/. Bs. Bd., which would be equal to 11. Is. 2d.
per share. The company's earnings for 1836 were
36,3301. se. 4d.
I To sundry creditors £38,757 6 1
shoo capital

1243,938 8 1

By cash in hand
„ Bosphorus
18,000 0 0
„ MOMS
sundry debtors
„ 250 0 0
, office furniture
'„
La &dory 10080
ms

t 243,958 6 1
Notice is given that the steamers of the Imperial
and Royal Danube Steens Navigation Company of
Vienna have commenced running for the season.
The directors of the Bank of Australasia advertise
a half-yearly dividend and bonus at the rate of 20
per cent. per annum.
An extraordinary meeting of the London Monetary
Advance and Life Assurance Company is called for
the 23rd inst., to increase the capital by means of
an issue of new shares.
A general court of the London Assurance Cor-
poration is to be held by adjournment to-morrow,
to decide by ballot a proposal for declaring a half-
yearly dividend of 275. 6d. per share.
The adjourned annual meeting of the London,
Manchester, and Foreign Warehouse Company is to
be held on the 31st inst.
The half-yearly dividend is advertised on the
finish Three per Cent. Loan, and the Brazilian
Five per Cent. Loans of 1824, 1825, 1829, and 1839.
The half-yearly interest is advertised on the sham
of the Lake Constance and Basle Railway.
The settlement of the list of contributories of the
Security Mutual Life Assurance Society is to be pro-
ceeded with by Vice-Chancellor Kindersley, on the
27th inst.
Tenders will be received by the Admiralty on the
17th inst., for the conveyance of stores (powder,
combustibles, oil, medical stores, &c.) from the river
Thames to Gibraltar, Algoa Bay, Montreal,
Quebec, St. John's (Newfoundland), Bermuda, and

Melbourne.
The Emigration Commissioners will receive ten-
ders on the 19th inst. for the hire of ships, which
must be ready for pamenFers, for conveyance to
Sydney, Melbourne, Adelaide, and Portland Bay
respectively, between the 27th of April and the 9th

SkrtnnAT Evtxmo,

The funds temporarily improved; per cent. to-
day, but the closing quotations were the same as
those of yesterday. Upon the whole, the market
was a little firmer in tone, notwithstanding some
large sales. Under the influence, however, of a
tight money market, and continued withdrawa!s of
gold from the Bank, the upward tendency is effec-
tually restrained.
The demand for money continues active in all
quarters. On !donday and Tuesday the settlement
in shares will occasion some demand.
Consols opened at 93} for the Bth April, improved
to 93, " buyers," and closed at 93k to a. For
money the last price was 931 to The official
business report is as follows —Three per Cent.
Consols, for money, 93k, 93, 93! ; ditto for account,
Bth April, 931„ 93!. Three-and-a Half per Cent.
Exchequer Bonds, falling payable in 1858, 9818
, 91.

Exchequer Bills remain quoted par to 3s. prem..
and Exchequer Bonds, 981 to 1.
Turkish Six per Cents. were sold as low as 961 in
the morning, but afterwards advanced, and closed at
971 to a, or per cent. higher than yesterday. The
Guaranteed }our per Cents. were • little firmer,
being last quoted 1001 to 1011. Mexican Bonds
continue to meet with inquiry.
The Daily News publishes a rough draft of the
terms which have been transmitted from this country
to Constantinople by the promoters of the p.roposed.
National Bank of Turkey. The terms are in most
points of a very satisfactory character, inasmuch as
they stipulate for giving the London board almost
entire control over the bank's operations. It is cre-
dibly stated,. however, that the Turkish govern-
ment has interposed modifications in several
important particulars. The bank, it is said, is to
waive the privilege of collecting the taxes, and its
issue of notes is to be curtailed to five millions ster-
ling,. against which it is to bold a reserve of one-
half in gold. It is alleged, moreover, that the Lon-
don committee is to be allowed to act only a seooa-
dary part, the real control of the bank's operations
being vested in the Constantinople board. It is to
be hoped that as the negotiations proceed these mo-
difications will not be insisted upon by the Turkish
government. That the control of an institution em-
ploying so large an amount of western capital should
be lodged in London is an essential point.
Ottoman Bank shares were again rather firmer
to-day, closing at 11 to 11 prem. Bank of Egypt
and Oriental Bank were flatter. National Discount
have declined to 7-16 to 5-16 die. The old Bank
stocks were generally steady. Van Diemen's Land
shares showed increased weakness. London Gene-
ral Omnibus closed at 5-16 to 7-16 prem.
The nominal closing quotations for the newly pro-
jected railways are subjoined, viz.: Ferdinand Rail-
way, Ito prem. ; Punjaub Railway, to 1
prem. • Oude Railway, par to 1 prem.; Northern
13engal Railway,
~par to 1 prem. ; Central (lade
Railway, 1-16 to .46 prem.; Eastern Bengal Rail-
way, 1- to 1 prem. ; Nassau Railway, par to
mom.; Calcutta and South Eastern Railway, par to
, I prem. ; Riga and Dunaburg Railway, 21 to 21
' prem.; Euphrates Valley Railway, 1-16 to 3-16
prim; Copiapo Railway, 1 dia. to par.
The nominal quotations for some other new pro-
jects are as follow :—European and Indian Juno-
tion Telegraph, par to 1 pm. ; Thames General Steam
Boat Company, to I prem.

MINES.-THIS DAY.

Two o'flLoow.

Owing to the settlement now in progress, business
in home mining stocks is to-day very languid.
Prices remain without essential alteration. In the
Stock Exchange, this morning,
_the only business
recorded is in Great Wheal Alfred shares at 101.
As regards foreign descriptions, the only feature is
a slight decline in the United Mexican shares, which
are marked :1!,- to 41.
Subjoined is a list of Saturday's transactions in the
Mining Exchange
Alfred Consols, 21; Catherine andiane, 10e., 1 le., 12s. 6d.;
Drakewslls, 34, 6-16 ; East Alfred, 20. I, f ; Greet Dew-
gas, 40, 6; Grarubler and St. Aubyn,
61 1121 ; Great Alfred,
100, 0, 0 ; Great South Tolgos, 140, ; Herodsfoot, 61, 6 ;
Lelant Console, 41, 4; Mugery, l ; par Consols, 23;
Rosewame United, 39, 40 ; tiottridge Consols, it, i ; Ss.
Day United, 30s. 64., 32a. 6d, 305., 31s.
Tineroft, 50, 0 ; Trewethe, 3 9-16, I, I, li Wheal Edwards
U. Is. 3d., 6, 61. 2a, 61. 3a. 6d. ; Isal Harriet, 16s. ;
Wheal Kitty (Lelant), 191 204; Wheal Ludcott, 35e.;
Wheal Margaret, 620, 65 ; Wheal Trelawney, 23f.
The prospectus of the Dun Mountain Copper Mining
Compan-y (limited) is issued. This company is established
to work the Dun Mountain copper mines, situate within
miles of Nelson, New . The preliminary in
gations, it appears, have been made by the " Cook's Strait
Mining Company," which was formed at Nelson, in Oct..
1652. A staff of 26 nom was subsequently delited from
England by the promoters in this country. Some tons of
the ore have been received here, and show a per centage of
170 to 231 per cent. of fine copper, according to certified's
from Mesas. Henry Bath and Son, of Swansea. Of
the capital, which consists of 76,000 shares of IL
' each, 6 000 are taken by the original promoters of the Cook's
Strait H.ilangoCompany ;
and, by agreement with that
compan.y, 6000 additional shares are to be allotted and paid
for in New Zealand. The promoters in England, it is deo
mentioned, "take 20.000 fully paid up shares in satisfaction
of the cod of the proliminery investigation, the transfer of
thin-laded the Coolie Strait Mining Companyet Nelson, the
purchase of the freehold of the property, in meeting the
heavy expends incurred by despatching men and materials
from this country, and their maintenance and wager while
occupied in making the rod between Nelson end the mine,
eine miles of which were completed by the lest advices."
k orty-four thousand ebony, consequently, remain for dis-
tribution. The deposit, on subscribing, is fixed at ss. pre
ober°, and the remaining 1.55. is to be paid on allotment.
A meeting of the Tincroft Mining CIIIIIpIIIIV IS called for
the 14th of April, and will be made spec Ml. 'The manage-
ment of this wine is to be upon the cost book system.