The Express.
London, England, 1863-11-23 00:00:00

MONEY MARKET.-(THIS DAY.)

Although increasing attention is directed to the I
complications arising out of the fichleswig-Hobstein
question, the stock markets opened this morn-
ing with a favourable appearance, in conse-
quence of the more hopeful view which seems to
be taken with regard to the prospects of the money
market. There has sine) been some tendency to'
an unfavourable reaction, especially in the foreign
stock market, and the general tone is now dull, with
little business. Nevertheless, the funds are well
,supported at Saturday's quotations, while some
descriptions of foreign securities and home railway I
stooks present a fractional improvement.
At Paris this morning, according to Mr. Renter's
telegram, the Three per Cent. Rentes were
quoted 67fr. 300., being 1 per cent. higher than on
Saturday. The telegram states that the Bourse is
"firm, in consequence of the rumour of the resig-
nation of Earl Russell."
Console are now quoted 921 to 1, cum div., for
money, and 911 to 4, ex div., for the account (Dec. 3).
The official business report is as follows :-Three
pee (lent. Consols, for money, 921, 3 ; ditto
for account, 914, ; Three per Cents. Reduced,
901, 1 ; New Three per Cents., 90/, 91 ; Bank
Stock, 237, 235 ; Red Sea Telegraph, 20 15-16 ;
India Stock, 224 ; ditto Five pee Cent,
1081, 1 ; ditto, Four per Cent., 1008 ; Four per
Cent. " enfaced" rupee paper, 964 ; ditto Five per
Cent., 104 ; ditto Five-and-a-Half per Cent., 114 ;
and Exchequer Bills, Ba., 3s. discount.
The speculative foreign stocks are now quoted
slightly below the best prices of the morning, yet,
as compared with the final quotations of Sa-
turday, Greek and Spanish Passive Bonds
and Turkish Consolid4s show an improvement
of about 4 per cent. Some of the present rates
are annexed :-Turkish 1854 Loan, 90 to 91 ; ditto,
1868, 691 to 701 ; ditto, 1862, 70 to ; the Consoli-
this, 471 to f ; Greek, 301 to 1; Mexican, 381 to 1;
and Passive, 341 to 35. Transactions are recorded
as follows :-Brazilian, 1863, scrip,l dis. ; Egyptian,
94, 99, ; Greek, for account, 304, 4, 1 ;
Mexican, 381, 1, 1 ; Portuguese, 1856, &a, for ac-
count, 481 ; Russian, 1822, 904 ; ditto 1862, 861,
1, ex div.; Sardinian, 891 ; Spanish for account, 64;
ditto Passive, for aocount, 341, 35 ; ditto Certifi-
cates, for account, 141, 1,4, 4, ; Turkish,
1854, for account, 90 ; ditto, 1868, for ac-
count, 704, 691, ditto, 1001. Bonds, 74 ; ditto
1862, for account, 70, 4, 1 ; Venezuela, for
amount, 24.
International Financial shares are quoted 41
to 1 pram. ; General Credit, 21 to 31 prem. ;
London Financial, 84 to 1 prem.; Mercantile Credit,
31 to 4 prem.; Hudson's Bay, 14 to 1 dia.; Egyp-
tian Trading, 2to prem. ; Discount Corporation,
8 to 1 prem. ; National Steam, 5 to 1 prem. ;
Merchant Banking, 51 to 6 prem. ; Australian
Land and Mortgage, to 1 prem. ; Mortgage
Bank of India, 24 to 3 prem. ; and English and
Swedish Bank, 31 to 4 prem.
The demand for money on Saturday, both at the
Bank and in the general market, was to a fair
extent, and 6 per cent. continues to be asked for
good bills, but the supply of money is equal to
the demand, and the market generally is easier
than it was during the earlier part of the week.
Messrs. Baring Brothers and Co. have announced
the payment of the dividends due the Ist December
on New Granada Two per Cent. Bonds, also on the
Old Active Bonds at ss. ld. per cent., and on the
Deferred Bonds at Is. 4d. per cent. It is further
notified that, in conformity with the agreement of
the 26th March, 1861, for the redemption of
the New Granada Foreign Debt, there has been set
apart, applicable to the redemption for December,
1863, 2,0001., of which 1,3331. 6s. Bd. is for the
Active, and 6661. 13e. 4d. for the Deferred
Debt. Tenders will be received until 12 o'clock on
the 2nd of December.
Mr. Henry James Barker, senior partner in the
. firm of Barker Brothers and Co., of Abchurch-
lane, has been appointed manager of the Mercan-
tile Credit Association. This gentleman brings in
aid of the operations of the company a large amount
of influence and experience and an established
connexion of considerable importia:ice.
The London Joint Stock Renhas given notice
of an intended application to parliament for an
alteration of the deed of settlement in the sense of
giving further powers to the company.
A call of 5/. is to be paid on the 10,030 new shares
in the Alliance Bank of London and Liverpool
(Limited) by the 19th December.
There are complaints respecting the Malta and
Gibraltar Bank (Limited). This undertaking was
formed in February last, and the shares were tem-
porarily quoted Ito 2 prem. The list was closed
on the 11th of March, and the shares were soon
afterwards allotted, tut up to the present date no
settlement has been applied for in the Stock Ex-
change. Meanwhile disagreements are said to have
arisen amongst the directors, who, it is stated, have
all resigned. A committee of the shareholders was
formed some time ago with • view to obtain the
return of the money paid upon the shares, but up
to the present date these efforts have altogether
failed.

We have received a copy of the prospectus of
the Thames, Mersey, and lumber Shipping Com-
pany (Limited). This undertaking is formed with
a very respectable direction, for the purpose of
building or purchasing a deist of screw steamers to
embark in the import and export trade of the three
great rivers above mentioned. With this view,
arrangements have been made with a large agency
firm luivingestablishmentsboth on the Mersey and the
Humber, and who become large shareholders in the
company. The directors have also made proposals
to the Anglo-French Steamship Company to pur-
chase their fleet at a valuation. Lines of steamers
are likewise to be started from Liverpool. It is
urged that "the establishment of steamers by this
company, both from the eastern and western ports,
will afford ample facilities for the largely increasing
traffic sent from various foreign ports in transit to
the North of Europe." The capital proposed is
250,0001. (subject to increase), in 10,000 shares of
251. each.

It is notified that the transfer books of the London
Tavern Company (Limited) will be closed from the
23rd to the 30th instant, in preparation for the
allotment of the second issue of 6,000 shares.
The following, on the money market, is from the
circular of Messrs. Joseph Travers and Sons :
Until the question shall have been settled as to the pro-
bable duration end extent of the drain of gold to Egypt sal
India for cotton, there will evidently be so return of cond.
deuce in basking circles. At present, the prevalent opinion
seems to be that if the Bulk of England rate is not forced
up beyond 6 per cent.. then three or four months may be
expected to pass before any material reaction will occur. Of
course, a movement to 7 or 8 per cent. would proportionably
accelerate the turn of the tide, but the state of returned ease
would not in that ease be so permanent. As regards the
general interests of trade, no uneasiness or even inconve-
nience is experienced from the present terms, the profits of
steady business being ample, and the various markets being
free from speculation.

SOTIIIDAT EVIIILVO: