The Express.
London, England, 1863-01-20 00:00:00

MONEY MARERT.-(THIS DAY.)

Two o'CLocc.

The funds are firmer to-day, and • recovery
of i per cent. has taken place. In the other
markets business is unusually limited. English
Railways are generally firm, while as regards
Foreign Stocks, the tendency of prices is up-
wards. - -

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Console are now quoted 924 to 4, for money,
and 924 to 1 for the account (Feb. 5). The official
business report is u follows :-Three per Cent.
Consols, for money, 921, ; ditto for ao-
count, 921 ; Three pee Cents. Reduced, 924,
; New Three per Ceuta, 924, i ; Bank Stock,
234 ; India Five per Cent. Stock, 1060, 4, ;
ditto Four per Cent. Debentures, 1004, 1 ; Five
per Cent. " enlaced " rupee paper, 106 ; and
Exchequer Bills, 75., 35., 7s. prom.
Foreign stocks in several instances, including
Egyptian, Greek, Italian, Spanish Passive, and
Spanish Certificates, have improved. Mexican
Bonds continue in demand. Turkish securities as.
steady. The Loan of 1854 is quoted 85 toB6 ; that
of 1858, 704 to 71/ ; that of 1862, 66} to 67, ex
div. ; and the Consolidis, 404 to 4, showing a
rise of kto 1. The Peruvian Loan is dull, at 88 to 1,
ex div. Portuguese scrip is quoted 21 to 3 prem.,
ex div. ; and Venezuelan Six per Cents., 61/ to 4.
Transactions are recorded as follows :-Egyp-
tian, 944, 95 ; ditto, second issue, 94,
Greek, 161 ; ditto Coupons, 64 ; Italian, for
account, 691, 4, ex div. ; ditto Maremmana
Railway, 724, ex div. ; Mexican, for account, 324,
1, 4 ; New Granada, 28 ; ditto Land Warrants,
5 ; Peruvian, 1862, for account, 88 ex div. ;
Portuguese. 1862, 464, ex div.; ditto Scrip, 24
prem. , ex div. ; Russian, 1859, 621 ; ditto 1862, 964;
Sardinian, for account, 84 ; Spanish Pas-
sive, 241, 1 ; ditto Certificates, 91, 10;
Turkish, 1854, for account, 86 ; ditto, 1858, for
account, 71., 701 ; ditto, 1862, for account, 661, 1,
67, ex div. ; Venezuela, 1862, 614.
Occasional transactions continue to take place in
good bills at 34 to 31 per cent., and although many
diswunters alike, owing to the pending uncertainty as
to whether any further action by the Bank of England
may become ueocesary, there is • growing impres-
sion amongst shrewd
advautage of higralicinsrates tothpat
laceitwill be
money ownetlifort.
long periods, in consideration of the improbability
that, in the present state of trade, any stringency
can be more than temporary.
The death of the Viceroy Said Pacha is likely to
prove beneficial rather than detrimental to the inte-
rests of the foreign bondholders of Egypt. The late
Viceroy, as is well known, was a man gi*n to pro-
fuse expenditure ; whereas his nephew and sue-
cessor, Ismail Pacha, is one of the richest princes
in the country, and is distinguished for his clever
management of his own large property, as well as
for his general prudence. It is beved, therefore,
that his Highness's accession will be marked by re-
treochnient of the public expenditure, and by s
termination of the system of foreign loans. In any
case, no future appeal is likely to be made to the
European money marketa, except on the most legi-
timate grounds. Ismail Pacha is the eon of the
talented Ibrahim Pacha, and is stated to be about
40 years of age.
The adviser from Candentiasople affirm that the
National Bank negotiations were rapidly approach-
ing completion.
About 500001. in gold was purchased from the
Bank yesterday for the Continent. The supplies
from America also continue to be taken for that
quarter, and any remittance from Australia which
may arrive during the next week or two would
doubtless follow.
The amount of specie engaged for transmission to
the East by the Ripon to-day is limited to
130,5981., of which 31,7001. is for Alexandria, 7,3551.
for Madras, 50,0001. for Calcutta, 21,9331. for
Hong Kong, 16,6101. for Shanghae, sal 4,0001. for
Singapore. 43,0661. is gold, and the rest silver.
The present quotation (ss. 41d.) for Maxima
dollars is the highest known for • period of about
forty years. It is merely a nominal price, yet it is
questionable whether any more dollars could be
obtained at the same rate. The continuous advance
in the value of this coin has been caused by the
very moderate extent of the supplies from Mexico,
combined with a certain though limited demand for
Chins. The remittances of silver from Mexico GI
late have consisted almost exclusively of hare.
The committee of the Stock Exchange have ap-
pointed Friday next a special setting day in the
shares of the &undo, Puniaub, and Delhi Bank
Corporation, and the South African Irrigation and
Investment Company both of which are to be
marked in the official list.
The half-yearly meeting of the Electric and Inter-
national Telegraph Company ii, called for the
10th February.
The Brighton Railway traffic return shows this
week an increase of 9651.
The traffics receipts on the Madras Railway Com-
w's South West line, for the month of October-
amounted to 14,1471. on 406 miles open.
against 9,8871. on 247 miles open in October, 1861 ;
showing as increase of 159 miles in the length, and
4,2601. in the receipts for the month.
Advice, have been received of the wreck, near
Madras, of the East India and London Shipping
Company's steamer Jason, while on her voyage
from London to Calcutta. The passengers were
srved, but there was little hope of the vessel's being
got off. The recovery of the cargo, however, was
considered probable.
The William Mitchell has arrived from China
with 759,1681ba. of tea.
The following remarks on the consumption of
wine in the United Kingdom are from the circulak
of Mr. F. W. Cowie :
The high prime ruling for good wines during the last
twelve months, counteracted to some extent by the redact:A .
duty, has had but little adverse effect upon the consume-
Von of the United Kingdom ; 1861 was from well under-
stood causes an exceptional year, and the quantity of wins
cleared for home use totalled about 102.000 pipes, while
1862 will total about 92000. against 69.000 ill 1860. and
88,000 in 1850 ; the lame being about the average of the
preceding tee years ending in 1858 ; thus it will be seen
that the redaction of the duty has very considerably er-
tended the commerce in wine, to the advantage of all inte-
rested. The proportion of bibs wines charged at the low
rate of duty - probably be 1,300.000 gallons, nst
8,480,000 of port, sherry, and caber wises mum theme higher
rates. The export delivery for the year shows • very
(avowable increase.

Moitin EVlm!nrd.

Consols, which closed on Satu;l4airiitO
fee the sth February, opened and closed to-day
at the same quoLation. For money the last price
was cm to 1. The official business report is as
follows :—Three per Cent. Consols, for money,
921, I, ; ditto foe account, 92i, ; Three pee
Cents. Reduced, 921, I; New Three per Cents.,
621, 1, 1 ; Bank Stock, 236 ; India Ave per Cent.
Stock, 1061, 3 ; ditto, for account, 1081 ; ditto
Four per Cent. Debentures, 1864, 1001, g ; ditto
1864 or 1866, 1001; ditto Bonds, 20s. prem. ;
Four per Cent. " enfaced rupee paper, 931 ;
ditto Five per Cent., 1031 ; ditto Five-and-a,-
Half per Cent., 1121.
The India Five per Cent. Stock remains at
1081 to j.. India Bonds were heavy, and there
were some sales at 20e. prem. As regAr.ls the
rupee paper, sellers likewise predominated. Exclie- •
quer Bills have again fallen 25., closing at 44 to
Be. prem.
In the foreign stock market prices generally
showed a downward tendency.
The closing quotations for sbares in new under-
takings were as follows --British and American
Exchange Bank, 31 to 6 prem. ; Bank of Scinde.
Punjanb, and Delhi, 1 dia. to par ; Bristol and
South Wales Zinc Smelting, 1 to 1 prem. ; Cannes
Hotel, 1 to 11 prem. ; Bririab and Foreign Marino
Insurance, 1 to 11 prem. ; Continental Bank Corgi
porationCauto 11
prem.prem. ; SocieSte Financihre of
pt, to 1 pre. ; Oil Wells of Canada, /to 11
prem. ; and Trust of South Afri.a, 1 to 1
prem. ; and Anglo-Parisian Brewery, Ito prem.
The allotment letters of the Oil Wells Company
of Canada were issued to-day.