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

1, 1863.

MONEY MARKET.-(THIS DAY.)

- _
Two o'Czoci.
The funds remain firm. Consols are quoted
fully as good as they closed yesterday. In the
railway market, in the continued absence
of business, there has been no general alteration of
importance. With the single exception of Mexican,
which have declined, foreign bonds retain a favour-
able tendency.
This being New Year's Day, the Paris Bourse
is closed, according to custom.
Consols are now quoted 924 to ex div., both
for money and the account (Jan. 8). The official
business report is as follows:-Three per Cent. Con-
sole, for money, 924, ex div. ; ditto for account,
921, 4, ex div. ; Three per Cents. Reduced, 924, ;
New Three per Cents., 921, 4 ; India Stock, 227, ex
div., for opening ; ditto, Five per Cent. stock, 1084,
; ditto Bonds, 295. prem. ; Five per Cent. " en-
ticed" rupee paper, 1b54, I ; ditto Five-and-a-
Half per Cent., U 24, I ; and Exchequer Bills, 138.•
9s prem.
The foreign stock market is less active than usual,
but great firmness continues to prevail. Greek
coupons and Spanish Passive Bonds have im-
proved, while Greek Bonds, Spanish Certificates, New
Granada Bonds, ex coupons, and the Maremmana
Railway Loan are all very strong. Mexican
Bonds are exceptionally heavy, and have
fallen. The Turkish Loan of 1854 is
quoted 844 to 85 ; that of 1858, 714 to
72 ; that of 1862, 684 to }, ex div. ; the Con-
solides, 414 to 4 ; Venezuelan scrip, 14 to 1
dia.; and Portuguese scrip, 34 to # prem., ex div.
Transactions are recorded as follows :-Braelian,
1852,1858, 1880, 94 ; Buenos Ayres Deferred, 384 ;
Egyptian, 95 ; Greek, 164 ; ditto, Coupons,
74 ; Italian (Marem mans 11 lilway), 744,
ex div. ; Mexican, for account, 324, 32 ; New
Granada, 274; ditto, ex overdue Coupons
and Hectares, 124, 4 ; Portuguese, 1853, for
account, 474, ex div. ; ditto for 1862, 454,
ex div. ; ditto scrip, 34 prem., ex div. ;
Russian, 984 ; ditto, 1862, 96, 4 ; Sardinian,
for account, 83 ; Spanish, 544, ex div. ;
ditto Passive, 244, 24 ; ditto Certifi-
cates, 9} ; Turkish, 1858, for account, 714,
; ditto 1862, for account. 684, 4, ex div. ; Vene-
zuela, 232, ex div. ; ditto for account, 244, ex div. ;
ditto scrip, 14 dis ; ditto One-and-s-Half per
Ceuta., 114, ex div.
As usual on the last day of the year, when so
many balances have to be adjusted, and there is a
I(temporary disinclination to lend, the demand for
money yesterday was heavy, both at the Bank o
England and in all other quarters. The rate for
good bills was 3 per cent. The mercantile en-
gagements maturing in the first week in January
are now being prepared for.
The final instalment of 8 per cent. falls due
to-day on the Turkish Loan for 8,000,0001. stock,
and one of 5 per cent. on the Portuguese Loan for
5,000,0001. stook. In the former case the instal-
ment is less a dividend of 3 per cent., and in the
latter less one of 14 per cent. The amounts previ-
ously paid in full in each case must also be allowed

for.
Some speculative purchases of Turkish Bonds of
1858 are already being effected in anticipatiou of
the dividend due the Ist March.
The Fribourg and Lausanne Railway Loan for
300,0001. stock, issued at 95 in May last, was
quoted yesterday at 974 to 984.
It is anticipated that a large amount of gold will
soon be sent to Lima on account of the new Peru-
vian Loan, now completely ratified. It is believed
that only about 700,0001. has thus far been remi;:ted
on account of this transaction.
The London and North Western Railway traffic
retarn shows this week an increase of 9,6661. and
the Lancaahire and Yorkshire a decrease of 5001.
At the meeting of the Intercolonial Royal Mail
Steam Packet Company, also held yesterday, a divi-
dend at the reduced rate of 5 per cent per annum,
1 free of income tax, was declared.
At the meeting yesterday of the Brighton Hotel
Company the directors' report was adopted. It
stated that a contract has been concluded for the
construction and completion of the hotel for the
sum of 65,0001., and that the building will be ready
for business early in the season after next. It is
I proposed to issue at once debentures to the amount
of 25,0001.
We have received a copy of the prospectus of the
Midland Counties Union Banking Company (Li-
mited), with a proposed capital of one million. The
object is stated to be to facilitate commercial inter-
course between the metropolis and the more impor-
tant towns throughout the Midland district. A
distinctive feature of the project consists in the
proposal to purchase the interests of and to absorb
existing private banks. Of the negotiations in
program with this view the one that has as yet
come to a satisfactory conclusion comprises the
purchase of the connexion and business of Sir
Fralacis L. Holyoake Goodricke, Bart., of Wolver-
hampton. The general management is to be con-
ducted by a board in London, upon a plan similar
to that successfully carried out by certain old esta-
blishments. Reference is made to the fact that,
though the Midland mining and manufac-
turing district is one of the most densely
populated, wealthy, and thriving in the king-
dom, scarcely any addition has been made
for many years to its bauking accommodation.
The first issue of capital is to be limited to 5,000
shares, or 500,000/, and it is not intended to call
up more than 251. per 1001. share.
Another new undertaking is the Loan, Trust,
and Agency Company of South Africa (Limited).
This company proposes to carry on business in the
South African colonies upon a plan similar to that
adopted by several colonial undertakings; lately in-
troduced. It aims at facilitating the investment
of English capital in mortgages on land and other
approved securities. The capital is fixed at
500,0001., in 25,000 shares of 201. each, of which
the first issue is to consist of 12,500 shares. It is
mentioned that a provisional committee has been Messrs. Reid Brothers yesterday connected, by
formed at Port Elizabeth, through whom applica- Professor Wheatetoce'd system of telwraph, the moral
tions for 4,284 shares have come forward. ratio° of the LOollon and Westminster Bank with the
'. Notice is given that the transfer books of the branch establishment at Southwark and that at ht. Jams%
London and Colonial Bank (Limited) will be closed CENTRAL WALE% EXTENsioN RAIL% At.--Thit
after to-day (Thursday), preparatory to the allot- amount of additional capital requited by this company he
their application to Parliament for their new extensions r
ment of the second issue of 5,000 shares. 140,0001., and power is weightto make work* arrangements
The warrants for the half-yearly interest on the with the London ~,,d Nor* we's,. Beiipey.
stock of the Great Southern of India Railway Dartrarou or TVA; Altaatcaig AID CAN 4ltiljr
at Company are payable to-day (Thursday). The mour.—Yesterday, the Liverpool. New York, and Philo-
at interest on the company's mortgage bonds is also del*. Coesesey' steamer City of Baltimore w.iii dim-
notched from Liverpool for New York, with, mails for the
pa to-day.
reieeg stater, together with a large number of pareogent
We are requested to state that the letters of
sd cargo, kr,. Tteday the Quebec soil Moutred Roval Mail
lallotment and the letters of regret have been sent item.. Jura will leave the Mersey for peetwiel.
out by the London, Birmingham, and South SW- with mails for Cased end the United States. Ti.ah
fordshire Bank, allotting the first issue of 5,000 the Liverpool Post-oflice will be for the receipt of
shares. letters, ire., astd 1.30 p.m. Late &watches viii Loaded-
rzyp.msw.y.r..forlawteardusiedaupidtd 9010
sap.mrdin. witythtrii:eitiltaithuitid
N orth Americas Royal Mail 'teenier China sill leave
CoTnilgreese New
passe l'odrictladle vieesfollowistangtecretritat btlheeresFoel'Ultioerain
on the 15th Dec. :—" Resolved, that in the judg- I Liverpool for New York, with mails for the 1' nit. S
olStates
ment of this house, them should be uo legislation , and British North America. limbos at tbe Liverpo YS Less
the existing laws providing for the pay- ' Rice will In open for the receipt of ordinary letters soil
ment of interest on the public debt in coin." h a.nLiLate dripatchesvulQueeristown may be forwarded np
to 8.30 p.m. without, and until 9.30 p.m. with, late fees
With reference to the market for American semi- cd Id.
cities, Mr. B. F. Satterthwaite reports as follows : Mermostio PHVIONZNA.—Those bodies, which,
During the four business dal* else. our la", there have , for want of a distinctive name, are variously knows as
been only very moderate transactions in London is Anted- I ...0w.," or .. shooting," or ~ falling „, 0w... „on "
ofth their appearance aprwpeara;
anic:ibionuglargbo% naunmybecarat.iNghrtt ~,,,uiLire
or two
I csnat64"ritheeeTities.bontdsairetid vStearrscaFrceive IPos::d°7litry(l.B74lTharree fir" maktioni7
been a very active inquiry for Virginia Six per Omit. Roods. may generally be seen. Thor, are certsin times at lad&
and a considerable husiner might have been dope if bonds .
Icould be found baring all overdue couponsattached ; they overwhelmiog, numbers. The times which here follow are
•
have touched 47. Illinois soil Erie shares remain quite I some of the principal periods, though it is not in every yew,
steady, at last week's quotations. No transactions have they have usually been viailde in trotter, and sometimes is
by any merle, that Mr displays are seen -April IA to 25;
been recorded in Atlantic and Great Western (New York tewards the end of July • August 2 to 5 ; August 10 ;
\ Section) 8"" per Cent. 13°°", which are Mir quoted ex October 23 to 26 ; Noveniher Bto 14. These time* ream
coupon, but those of the Pennsylvania section have been in
steady demand at about 71, and have touched 714. indicate the periods at which Ferro. desirous of observing
I such phenomena may expect to see meteors, as their number
The arrival of seven more ships from China is . varies much in ilifferum years. Of the origin of Bitch bodies
I announced. The Jubilee has brought 946,763 lbs. • Dot much is known. They appear to circulate is space and
1,027,200 lbs. of tea ; the Alcyone, 44 40011» of
of tea and 248 bales of silk ; the Star Queen, become luminous in passing through theme 's striambere.
Ni:terzs oceasi=ilnly exhibit
,h.a shammpeararie.raed
seen
tee ; the Agimmirt, 814036 lbe" of tea and 376 Zneng teerycourse I ;lie year 186:L.—Pose Maigw.,l, Alma-
bales of silk ; the Senoho Parma, 807,900 lbs. of sock 1863.