The Express.
London, England, 1864-01-02 00:00:00

MONEY MARKET.-(THIS DAY.)

Two o'Czocz.

The stock markets to-day are generally flat,
owing chiefly to the disquieting aspect of foreign
politics, combined with the revival of the demand
for gold for exportation. Consols have again de-
clined per cent., and most of the principal specu-
lative foreign stocks I. Home railway stocks and
most other securities are likewise dull.

Consols are now quoted 90k to 91, ex div., for
money, and 91, " sellers," ex thy., for the ac-
count (Jan. 7). The official business report is
as follows : Three per Cent. Consols, for
money, 91k, 91 ; ditto, for account, 91,
i, 901 ; Three per Cents. Reduced, 90i ;
New Three per Cents, 91, 901 ; India
stock, shut ; ditto Five per Cent. Stock,
106} ; ditto Four per Ceut., Debentures, 99} ;
Bank Stock, 236; and Exchequer Bills, is, 35.,
2.. dia.

An average decline of about per cent. has taken
place in moat of the speculative foreign bonds,
sales predominating. Some of the present
quotations are annexed. Turkish 1854 Loan,
891 to soi ; ditto, 1858, 694 to 70 ; ditto, 1862,
671 to 68, ex (liv.; the Consolida, 474 to 4 ; Greek,
24 to ; Mexican, 354 to 364 ; Spanish Passive,
344 to 4 ; and Brazilian scrip, 4 to 4 dis.
Transactions are recorded as follows :—Brazilian,
1839 and 1859, 100 ; ditto 1852, 1858, 1860, 884 ;
ditto scrip, 1, dis. ; Dutch Certificates, 1004 ;
Egyptian, 1011 ; Greek, for account, 244, 234.
244, 231 ; ditto Coupons, for account, 101 ;
Italian, for account, 671 ex div. ; Mexican, for
account, 364,1, 351 ; Moorish, 95 ; Portuguese, 1863,
scrip, 14, 1 prem., ex div. ; Russian, 1822, 924 ;
ditto, 1850, 87, ex div. ; ditto, 1859, 56 ; ditto,
1862, 894, 1 ; Spanish Passive, for account,
345, ; ditto Certificates, for account, 144,
4 ; Turkish, 1858, for account, 70 ; ditto 1862,
674, ex div. ; ditto for account, 684, 674, ex div.
International Financial shares are quoted 44
to 54 prem. ; General Credit, 24 to 3 prem. ; Lon-
don Financial, 94 to prem. ; Hudson's Bay,
174 to 4, ex div.; Egyptian Trading, 14 to 2
prem. ; Merchant Banking, 4 to prem. ;
Land Mortgage Bank of India, 24 to 2} prem.;
English and Swedish Bank, 11 to 24 prem. ;
East London Bank, 24 to 3 prem. ; Discount Cor-
poration, 34 to 44 prem. ; Contract Corporation,
34 to 4 prem. ; Consolidated Discount Company,
1 to 14 prem. ; West India. and Pacific Steam,
14 to 24 prem. ; Mauritius Laud Credit and
Mortgage, 24 to 4 prem.; and Mercantile Credit,
44 to 54 prem.

HALF-PAST Tw•o o'CLocK.

Consols are quoted 91 exactly both for money
and the account (Jan. T), being fractionally better
than at 2 o'clock.

The 258,4001. of Peruvian Four-and-a-Half per
Cent. stock required for the sinking fund was ob-
tained yesterday by the government agents at 86,
div.

No bar gold ii-assent into the Bald:yesterday, but
45,000 sovereigns were withdrawn for exportation,
chiefly to the ESA. The demand for bar gold for
the Continent has also increased, and about
200,0001. will be sent to Spain.
It appears that only 242,500 t in gold was
shipped from 3lelbourne to England during the
mouth. A large amount was doubtless despatched
to India.

The market for bar silveris firm, with a good de-
mand for the East. The supply here, however, is
small, the refineries on the Continent being always
closed at this period of the year.
The quotations of exchange just received from
Calcutta and China exhibit an advance ' • which is
in favour of the transmission of increa.seil supplies
of silver from this country. The chief remittances,
however, will doubtless continue to be sent to
Bombay. The exchange from the latter port, rid
Calcutta, is 2s. 21td., stowing no movement of im-
portance.
There was not much alteration yesterday after-
noon in the foreign exchanges, but the tendency
was rather unfavourable to this country. Sub-
joined is our usual list :
. .

Amsterdam, 3 months, 11.191 to L. ; ditto, 3 days,
11.161 to 17; Rotterdam, 3 months, 11.191 to 12 ; Antwerp,
3 months, 25.67 i to 721; Hamburg, ma. banoo. three months,
13.71 to 8 : ParW, 3 days, 25.25 to 30 ; ditto, 3 mouths.,
25.671 to 721 ; Frankfort-on.the-Matne, 3 months, 1191 to
St. Petersburg (per rouble), 3 mouths, 334 to 1 ; Vienna,
ed. do., 3 tuontlie,l2.3o to 35 ; Trieste. elf. do., 3 months,
12.30 to 35 ; Madrid, 3 months, 47; to 48; Cadiz, 3 monthr,
471 to 48 ; Leghorn, 3 months, 25.90 to 95 ; Genoa. 3
months. 25.90 to 95 ; Milan. 3 months, 25.90 to 95;
Naples, 3 months, 25.90 to 95 ; Pabwroo, 3 months, 25.90
to 95 ; Messrs., 3 muetha, 25.90 to 95; Lisbon, 90 days,
521 to 1; Oporto, 90 dare, 521 to A.
At Paris and Vienna the rate of discount in the
open market is now 6 per cent. ; Hamburg and
Amsterdam, 5 ; Turin, 7 ; Frankfort, 4 ; Berlin,
4ti ; Brussels, 5} ; and St. Petersburg, 9 per mut.
Yesterday was the day for the final payment on
Hudson's Bay shares. Intending buiers seem
to have waited, under the impression that the
price would recede under the influence of the call.
Instead of this occurring, the price improved yes-
terday afternoon to 177 to ex the dividend of ss.
Another new Indian agricultural company is
announced under the title of the finalists° and
Oude Plantation Company (Lin.ited). It is formed
under very respectable auspices, and it is understood
that the directors themselves; take a large stake in
the enterprise. Three estates in Kuumon, com-
prising about 4,400 acres, and two others in the
north of Oude, comprising about 10,000 acres, have
been purchased, where tea, cinchona, silk, cotton,
rhea, and other crops are to be produced. The
price of tho estates is 29,0001., of which 12,0001.
will be payable in money, and 17,0001. in shares,
which ars not to be entitled to any dividend until
8 per cent. has been in some one year paid out of
the net profits of the company upon the capital paid
up on all the ordinary shares. The vendors gua-
rantee a dividend of 8 per cent. for the first three
years of the operations of the company, and leave
security for the fulfilment of the euarantee. The
capital is 100,0001., of which 60,000/. is to be
issued in the first instance in 6,000 shags of 101.
each.

The prospectus of the British Nation Fire In-
surance Company (Limited), an unciertakiirr formed
with a respectable direction, in connexion
with the Life Assurance Association of the
same name, is issued this afternoon. It
is pointed out that this new tire company
has every element for securing at once a large and
profitable business. The British Nation Life
Assurance Association is stated to have an income
of 170,0001. a year, and to be effecting uew business,
yielding a premium income at the rate of upwards
of 30,0001. per annum ; its policyholders amount
to more than 20,000, and it has upwards of 3,000
agents. The Fire Company will at once obtain the
advantage of the whole working staff of the Life
Company. One of the chief advantages of the
association of the two undertakings is of course the
saving of expenses which it will entail, both imme-
diate and prospective.
The letters of allotment of the General Floating
Dock Company are expected to be issued on Mon-
day, the 4th inst.
'rhe English and Irish Bank (Limited) have this
day made a call of 5/. per share, payable on the
25th instant. _

It appears that the agreement stated to have been
entered into between the General Credit Company
and the Turin and Savona Railway Company, and
announced in the report of the council of adminis-
tration of the latter company, at its general meeting
on the 18th November last, was premature, as the
negotiations for such a treaty which were then
pending have been broken off.
In consequence of the increasing need of steam
communication between London and New York,
the British and American Steam Navigation Com•
piny (Limited) have decided upon placing the fol-
lowing four firat-class screw steamers—viz., the
London, Westminster, Dublin, and New York, of
2,500 tons each, on that line. The first vessel is to

s'

leave airly in March next, end will be followed by
the others at intervals of a fortnight. The ship
are to load in the Victoria Dodos, and the agents
are Messrs. A. Laming and Cu., of London.

FRIDAY EVIIIIPO.

Consols, which closed yesterday at 911 to at
div. for January 7, were first marked to .lay 914,
and closed at 91 to 1. For money the last price
was 91. The official business report is as follows :
—Three per Cent. Consuls, fur money, 914, 91,
A, ex dir. ; ditto, far account, 911, I, ex div. ;
Three per Cents. Reduced, 914, 91 ; New Three
per Cent.., 91, 4, 901, 911 ; Bank Stock, 230 ;
India Five per Cent. Stock, 10fi,i, ; ditto Four per
Cent., 1001 ; Four per Cent. " enfaced" rupee
paper, 99.
The India Fivo per Cent. Stock remains steady.
Exchequer Bills have improved Is., being quoted
7s. to 3s. dia.

The foreign stock market was dull, and closed
flatly.
The share list of the Mauritius Land Credit and
Agency Company was closed to-day at 12 o'clohk,
with applications which cover the capital four or
five times over. Considerable fluctuation took place
to-day in this compauy's sham. The price, after
falliu„; tot to prem., rebounded to 21 to 21 prem.,
the elusiug quotation.
. . .

.. .
In the market for bank shares the transactions
were to a fair extent, and prices in the majority of
instances were higher. London and Brazilian Bank,
Bank 4 Hindustan, and Loudon and Hamburg
Bank formed au exception, being flatter. British
Indian Tea, British and Irish Magnetic Telegraph,
Italian Irrigation, English and Australian Copper,
Electric Telegraph, National Discount, Submarine
Telegraph, and Oriental Commercial shares, were
all in demand. Rhyinuey Iron were flat.
Ocean Marine shares were last quoted to-day
14} to 15 prem. • Thames and Mersey Marine, be
to g prem. ; Universal Marine, k to i prem. ;
Commercial Union Assurance, 312 to 4 prem. ;
North British and Mercantile Insurance, 18 to f.
English and Swedish Bank shares were last iluoted
11 to 2 prem. ; Laud Mortgage Bank of India,
Ij2 to 212 prem. ; West India and Pacific Steam,
to 2 prem. ; Contract Corporation, 3/ to j prem. ;
Merchant Bank, 3/ to 41 prem. ; Discount Corpo-
ration, 3/ to 4f prem. ; Consolidated Discount, /
to 1 ;prem. ; Mauritius Land Credit, 21 to 21
prem. ; and Neustadt Charcoal Iron, 1 to II prem.
The shares of the financial companies remain
firm. International closed at 41 to ti prem. ;
General Credit, at 2 13-16 to 21 prem. : London
Financial, at 94 to g prem. ; and Mercantile
Credit, at 4} to 5 prem.
A rise of 4 to 5 per cent. has taken place to-day
in United States Government Bonds. New Bruns-
wick and Mauritius Goveruweat Debentur,s were
likewise in demand.

Mr. M intagu Cleugh Wilkinson, Lark of the
firm of Slessrs. Remington and Co., of Vombay,
has been admitted a partner in the firm of lessri.
Crawforl, and Co.