The Express.
London, England, 1864-01-07 00:00:00

MONEY MARKET.-(THIS DAY.)

Two dams

The stock markets are somewhat firmer to-day,
the rumour of a conference of the Great Powers on
the Danish-German question having contributed
to inspire more confidence, and having
occasioned a few purchases by previous
operators for lower prices. Consols, in
waich this is settling day, are quoted for the
February account the same as yesterday, but the
quotation for money shows an improvement of
per cent, There is also a slight advance in
some of the speculative foreign stocks. Home
railway securities have scarcely moved.
At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Rentes opened at
66fr. 75c., being the same as at the close yesterday.
Consols are now quoted 911 to 1, ex div.,
for money, and 91} to for the account (Feb. 4).
The official business report is as follows :—Three
per Cent. Consols, for money, 91, ; ditto, for
account, 911 ; Three per Cents. Reduced, 911.
New Three per Cents., 911, 91 ; Bank Stock, 235,
236 ; India Stock, 219, ex div. ; ditto Bonds, 3s.
preen., par ; Five per Cent. " enfaced " rupee
paper, 104 ; and Exchequer Bills, par, Is., he. dis.
Foreign stocks are rather firmer. Greek Bonds
are in demand, and have risen per cent. Mexican
and Turkish Consolid6s have also improved to 1.
Some of the present quotations are annexed : Turkish
1854 Loan, 89 to 90, being dull; ditto, 1858,
70 to 1 ; ditto, 1862, 671 to 68, ex div. ; the
Consolidia. , 471 to ; Greek, 241 to 1 ;
Mexican, 361 to 37 ; Passive, 341 to
; and Confederate, 38 to 40. Tran-
sactions are recorded as follows :—Brazilian,
1852, 1858,1860, 88 ; ditto 1863, scrip, die. ; Dutch
Certificates, 1011 ; Egyptian, 1011, ; ditto second
issue, 1001, 101 ; Greek, for accowit, 241, ; Italian,
for account, 671, g, ex div. ; Mexican, fur account,
361, 1, 1 ; Peruvian, 1862, for account, 851, 86,
ex div. ; Portuguese, 1856, tkc., for account, 471, ?,
ex div. ; Spanish Passive, for account, 341, 1 ; ditto
Certificates, for account, 14, 1, ; Turkish,
1858, for account, 70, 691 ; ditto 1862, 100/.
Bonds, 68, ex div. ; Venezuela, for account, 24 ;
ditto, 1862, fur account, 56.

The shares of the Australian and Eastern Navi-
gation Company opened this morning at 22 to 31
prem., sod are now quoted 24 to 21 prem. Contract
Corporation are quoted 21 to n prem. ; and Mauri-
tius Laud Credit, 11 to 11 prem.
The demand at the Bank of England discount
office yesterday was only moderate. The repay-
ments of advances to that establishment commenced
to-day.

About 3,000/. in gold was taken to the Bank
yesterday. The demand for the Continent continues,
and any fresh supplies from America or Australis
would probably at once be taken for export.
_

There is a good demand for bar silver both for
Calcutta and Bombay, and the price in firm at
ss. lid. per ounce. The amount for the former
port will be sent rid Marseilles. There is also a
better inquiry for Mexican dollars for China, owing
to the rise in the exchanges, and the remittances
thither are likely to increase.
The biddiugs for 50,00,000 rupees (500,0001.) in
bills on India took place yesterday at the Bank of
England. The proportions allotted were :—To
Calcutta, 27,00,000 rupees ; to Bombay, 21,00,000
rupees ; and to Madras, 2,00,000 rupees. The
nai tt i tttttt price declared was as before, viz.,
Is. 141 per rupee on Calcutta and Madras, and
Is. 110. ou Bombay. The applications within the
limits amounted to §7O lace (3,700,000/.). Tenders
on Calcutta at 2s. will receive about 13 per cent. ;
on Ildhibay at 2s. Old., about 34 per cent. ; on
Madras at Is. 110., about 60 per cent. ; and all
above these prices in full.
The magnitude of the applications above re-
corded denotes a large unsatisfied demand for the
means of remittance to India, and promises to have
its effect on the ;shipments of silver to that quarter.
A very important undertaking is announced
under the title of the Australian and Eastern
Navigation Company (Limited). The capital is
2,000,0001., in 40,000 shares of 50/. each. The
direction is of an extremely influential character,
being composed as follows :viz., Mr. Tyndall Bright,
of Gibbs, Bright, and Co., of Liverpool; Mr. James
Baines, of James Baines and Co., of Liverpool ;
Mr. Richard S. Butterfield, of Butterfield Brothers,
of Bradford ; Mr. Alfred Castellain, of Frederick
Huth and Co., of Liverpool ' Mr. Benjamin Hey-
wood Jones, of A. Heywood, Sons, and Co., of
Liverpool • Mr. Adam S. Kennard, of the Congo-
' Witted BaLk • Mr. Samuel Martin, of Itathboue,
Martin, and Co., of Liverpool ; Mr. John Grant
Morris, chairman of the Alliance Bank, Liverpool ;
Mr. Charles Mozley, of I. Barnett and Co., of
Liverpool • Mr. W. A. F. Saunders, of Weuuing-
ton-hall, ; Mr. James Smith, of Grant,
Smith, and Co., of Calcutta; Mr. John 6.
Swire, of John Swire and Sons, of Liver-
pool ; and Mr. Henry T. Wilson, of H.
T. Wilson and Chambers, of Liverpool.
The basis of the undertaking is an amalgamation of
the " Black Ball," "Eagle," and " White Star"
lines of packets, trading between Liverpool and
Melbourne, and it will be noticed that the owners
of there hues are represented on the board of the
new company. With a view to secure to theunder-
taking the full advantage of the experience of the
men by whom the trade was created and organised,
the services of the agents hitherto employed, both
at home and abroad, are to be retained. Of the
extent of the passenger trade au idea may be
formed from the fact that these lines conveyed
22,409 passengers from Liverpool alone to Mel-
bourne in 18(32-63. Auxiliary screw steamers of
large capacity are to be worked between
England and Australia, in connexion with
clipper sailing ships: The promoters point
out that " the trouble, risk, and expense of forming
a new business will be entirely avoided," and that
" the company will come into possession of one of
the largest and best organised trades in the world."
The brokers in London are Messrs. P. C*200017(3 and
Co and Helbert Wagg and CO. ; and in Liver-
pool, Meagre Tod Ashton and G. and T. Irvine.
Another new undertaking is the Tamar, Kit
Hill, and Callington Railway Company (Limited).
It is explained that the object of this small mining
railway is to facilitate the transit of goods, merchan-
dise, and mineral produce between the port of
Plymouth, by the Tamar river at Kelly Quay and
wharves, and the town of Callington, the centre of
a great and increasing mining district, as well as
the northern district of Cornwall np to Five Limes
and Lauuceston. The distance is about seven
miles, so that the mines will have a ready,
quick, and economical means of conveying their
ores to the sampling quays on the Tamar,
together with the same facilities fur ob-
taining coals, timber, iron, and other im-
oessary materials in constant requirement.
As the average present price for carriage of ores
from the mines to the quay by carts is at the rate
of Is. per ton per mile, the prosecution of the work
is a point of considerable importance to the share-
holders in the numerous mines in that district,
whose support is accordingly looked for. Granite
quarries, clay deposits, &c., will also be opened up.
and a good general traffic is anticipated. The con-
tractor, who has commenced operations, offers to
take the line on lease, and to guarantee five per
cent to the shareholders. The capital is 60,000.,
in 6,000 shares of 10/. each.
The London and North Western traffic return
shows this week an increase of 7,3981. over last
year ; the Great Western an increase of 4,6421. ;
the Great Northern an increase of 3,994 ; and the
Great Eastern an increase of 3,6591.
An extraordinary meeting of the Northern
; Bengal Tea Company is called for the 14th inst.,
' when it will be proposed to dissolve the under-
'taking, and authorise the directors to dispose of the
lands, plantations, and other property of the com-
pany in India.