The Express.
London, England, 1863-12-21 00:00:00

MONEY MARKET.-(THIS DAY.)

Two o'Ciocw.

The stock markets to-day are firm, owing to the
more favourable prospects of the money market;
but, though the tendency of prices is generally
upwards, the rise is checked by the inactivity of
business at this holiday season. The funds have
riser. i per oent. Some of the foreign stocks, espe-
cially Mexican, are rather better. Home railway
stocks are dull to-day. _ .

At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cant. Relates opened at
66fr. 35c., being rather more than } per cent. worse,
compared with the last price of Saturday.
Consols are now quoted 91} to ex div., for
money, and 911 to # ex div., for the account (Jan.
7). The official business report is as follows:—Three
per Cent. Consols, for money, 91}, ; ditto for ac-
count, 914, ; Three per Cents. Reduced, 911,
} ; New Three per Cents., 914, ; India Five per
Cent. Stock, 1061, } ; ditto Four per Cents., 100} ;
ditto Bonds, par ; and Exchequer Bills, 95., 4s. dis.
The foreign stock market is quiet, except as re-
gards Mexican Bonds, which have risen 4 per cent.,
being quoted 354 to }. Greek are 4 percent worse
at 25 to }, Spanish Passive firm at 33 to }, and
Turkish ConsolidEss } better at 45} to
4. Anglo-Turkish Bonds are unaltered.
Venezuela Six per Cents. are steadier.
Transactions are recorded as follows :—Brazilian,
1852, 1858, 1860, 861, 4, ex div. ; Egyptian, 99 ;
ditto, second issue, 984 ; Greek, for ac-
count, 254, 4, 25 ; Italian, for account, 704,
; Mexican, for account, 354, 4,4, ft ; New
Granada Land Warrants (Hectares), 7 ; Peruvian,
1862, for account, 87, } ; Portuguese, 1856, &c.,
for account, 484, 4 ; Russian, 1862, 89, 881, 4 ;
Spanish New Deferred, for account, 48; ditto Passive,
for account, 334 ; ditto Certificates, for account,
131, } ; Turkish, 1858, for account, 694 ; ditto
1001. Bonds, 73 ; ditto 1862, for account, 704, 4 ;
Venezuela, 1862, for account, 54, 4.
International Financial shares are quoted 4}
to } prem. ; General Credit, 2} to 4 prem. ; Lon-
don Financial, 8} to 9 prem. ; Mercantile
Credit, 4} to 5 prem. ; Hudson's Bay,
2} to 4 dis. ; Egyptian Trading, If to 14
prem. ; Merchant Banking, 34 to 4} prem. ;
Land Mortgage Bank of India, 2} to 2} prem.;
English and Swedish Bank, 14 to 2} prem. ;
East London Bank, 2 to } prem. ; Discount Cor-
poration, 34 to 4} prem. ; Floating Dock. 1 to 1}
prem. ; National Steam, 2 to } prem. ; and Con-
tract Corporation, 3to } prem.

At the meeting to-day of the London Financial
Association it has been decided to double the
capital. One new share is to be given for
every old one, and no further call is to be
made on the old shares at present. IUL is to be
called up on the new shares, by instalments. The
general meeting under the new regulations paused
to-day is to be held early in January.
During the whole of the recent period of political
uncertainty and financial uneasiness, while consols
declined materially, and foreign stocks occasionally
exhibited indications of panic, home railway
property suffered comparatively little, owing to the
firmness with which it is now held by bond fide
investors, and to the confidence which is felt in
the progress and proaperty of the internal trade of
the country. The fact that the present prices in-
clude nearly six months' accrued dividend gives
additional encouragement to purchasers.
The particulars are published of 133 Bonds,
representing 63,1001., of the Turkish Loan of 18b8,
which were drawn on Friday, and are to be paid off
at 100 on the Ist March next by Messrs. Deut,
Palmer, and Co.
The absorption of the small or 1001. bonds of the
Turkish Loan of 1862 by the public has latterly
increased so much that the small bonds are now
worth about per cent. more than the larger de-
nominations. This is the more remarkable be-
cause, of the 8,000,0001. forming the total of this
loan, the unusually large proportion of 3,000,0001.
consists of 1001. bonds. Evidence is thus afforded
that the demand is chiefly for account of the smaller
class of investors, though something may certainly
be due to the reluctance felt even by persons of
means to embark more than a limited sum in
Turkish securities.

About 78,0001. in bar gold was sent into the
Bank on Saturday, and 25,0100 sovereigns were with-
drawn for Mauritius. A large amount of bullion
is expected to be taken to the Bank early next
week.

The steamer Poonah will take to-day 122,5891.
in specie for the East, of which 13,4741. is gold
and the rest silver. The gold for Alexandria is
only 11,3001., showing a satisfactory decrease, as
compared with recent remittances.
The directors of the Chartered Mercantile Bank
of India, London, and China, have just declared a
dividend of 5 per cent. and a bonus of 11. fe. per
share (free of income tax) for the current half-
year, payable to the shareholders on the London
register, on the Ist January ; and to the share-
holders ou the Bombay register, fifteen days after
receipt of the outward mail of the 18th inst.
The prospectus of the National Provincial
Aerated Bread Company (Limited) is in circula-
tion. The formation of this company is a result
of what is described as the " extraordinary success"
of the London Aerated Bread Company (Limited),
an undertaking which has just issued its first
annual report, and has declared a dividend
at the rate of 121 per ant. per annum, from
the earnings of a few bakeries only. It is
now acoordiugly proposed to introduce Dr. Dan-
&des system of bread manufacture throughout
England and Wales. With this view the patent
rights remaining undisposed of have been purchased
on terms which the directors consider "highly
advantageous." It is further mentioned that the
chief portion of the price to be paid is made condi-
tional on the success of the undertaking. The
company proposes to sell licenses for the manufac-
ture of the bread in those districts where it does
not contemplate carrying on operations itself. In
the first instance, bakeries are to be established in
Manchester, Liverpool, and Birmingham. ,The
capital is fixed at 250,000/., in 25,000 .bares of
101. each, of which 10,000 are to be issued in the
first instance.

The annual meeting of the London and Mediter-
ranean Steam Company is called fur the 29th Dec.
A first dividend of Ge. Bd. in the pound is an-
nounced by the liquidator of the Keynsham Blue
Lias Lime and Cement Company (Limited) as pay
able to the creditors on the 31st inst.

The applications for the 20,000 shares, forming
the first issue of capital of the Contract Corpora-
tion (Limited) have amounted, up to Saturday
evening, to about 34,000 shares.
It appears that upwards of 300/. has been col-
lected in the Stock Exchange during the last two
or three days for the Nation►l Lifeboat Institution,
through the agency of Mr. W. N. Rudge.

SATURDAY EFIDIIIIO.
Consols, which closed yesterday at 911 to 1 ex
div., for the 7th January, opened said closed to-day
at the same quotation. For money the last price
was 911 to 1. The official business report is as fol-
lows :—Three per Cent. Consols, for money, 91/, 1;
ditto, for account, 91C ; Three per Cents.
Reduced, 91, ; New Three per Cents., 911, 91,
; Bank Stock, 234 ; India Five per Cent. Stock,
061 ; Ave per Cent. " enfaced" rupee paper,
1031.
The India Five per Cent. Stock was firm. The
rupee paper remains dull.
Owing to the more favourable prospects of the
money market, Exchequer Bills were in better
demand to-day, and improved ls., closing at 9s. to
4. die. . .

The foreign stock market has again shown an
upward tendency, and closed with firmness.
Few transactions took place in bank shares. Au
ihipsoremeut occurred in Bank of British North

America, Consolidated, and Imperial Wanes.
Anglo-Austrian Bank were firm, at Ito 1 press.
Alliance Bank and East London Bank were rather
flatter. A fresh advance has taken place in tie
shares of the Ceylon, Joint Stock Discount, and
National Discount Companies.
The shares of the Financial Companies were
firm, with a tendency to improvement. Interna-
tional closed at 41 to t 7 prem. ; London at 81 to
prow. ; General as 2 7-16 to 9-16 prem. ; and
Mercantile at 41 to 5 prem. for the accouat.
Hudson's Bay shares were steady, at 21 to 21 dia.;
and Egyptian Trading firmer, at 11 to 11 prem.
The shares of the West India and Pacific Steam
Company have risen to 11 to 2 prem., the departure
of the first vessel of this company's fleet having been
accompanied by the receipt of orders from the
not th to buy.
Ocean Marine shares were last quoted to-day
lto I prem. ; Thames and Mersey Marine, 41
tot prom. ; Universal Marine, par to I prem. ;
Commercial Union Assurance, 31 to 1 prem. ;
North British and Mercantile Insurance, 171 to
181; and Oriental and General Marine, 11 to 21
prem.
English and Swedish Bank shares were last quoted
2to 21 prem. ; Land Mortgage Bank of India,
21 to 21 prem. • Contract Corporation, 31
to 31 prem. ; prem.
and Alexandria
Hotels, 1 to 2 prem. ; National Steam, 2 to 21
prem. ; Merchant Bank, 31 to 41 prem. ; Discount
Corporation, 3 41 prem. ; Munta's Metal
Company, Ito die. ; Littlehampton Steam, sto
prom. • Floating Dock Company, 11 to 11
prom. ; and Gloucestershire Smelting, 21 to 2
prem.

MINES.-(THIS DAYJ

Two o'CLom.

The mining market is rather better to-day,
Wheal Seton shares are firmer at 1574 "buyers.'
Nangiles at 314 to 32, and East Lovell at 81
to 9. East Caradoo, however, continue heavy ;
the present quotation-27 "sellers "—is about 10e.
below that current on Saturday. Clifford Amal-
gamated are quoted 34 to 4. Hingstou Dowcs
shares are officially marked 21.
Cobre Copper shares are steady, having been
dealt in at 292 and 30. Yudanamutaaa are firm.
Other foreign and colonial mines are quiet.
We understand that the directors of the Otea
Copper Mining Company have resolved to ckse the
list on the 13th of January; the interruption to
business from the Christmas and New-year -holidays
inducing them to defer the last day for applications
to that date.

WEATHER RIPOST.-(THIB DAY.)

moion. Dew= IL 3 L.

b. :L; D.

... 29.84 W 2

I &w.
! S.W.

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