The Express.
London, England, 1852-12-14 00:00:00

MONEY MARKET.

MONDAY RVINISO.
In the English stock market to-day there was not
much movement, but prices were firm. In the other
departments of the house, however, there was a lees
confident feeling, and more disposition to realise, a
state of things to be explained by the unwillingness
of speculators for a rise to pay. the high rates of con-
tinuation exacted on the occasion of the last settling.
Generally, the account in the foreign stock and share
department of the house is " bullish." It happens
occasionally that in the few days immediately pre-
ceding a settling day, tho aspect of the market ex-
periences a considerable modification, but at present
it appears probable that money will be in consider-
able demand in connexion with the carrying over in
railway and other stocks.
Consols have ruled without change, at 1001 to 1 ex
die., for the opening of the 18th of January. The
official business report includes :—Three per Cent.
Camels, for money, 1014, with dividend ; ditto for
account, 1004,1, ex div. Three per Cent. Reduced,
1001, 1, .It.Three-and-a-Quarter per Cents., 104,
31, 44. galk Stock, 2231.
There was a further decided fall in the floating
debt. The March Exchequer Bills were again much
offered, and, after being sold at 60s. and 58s. prem.,
closed at 58a to 625. prem. In the June issue no
negociations were concluded. ludia Bonds were
similarly affected, realising at first 81s. prem., and
subsequently only 755. prem.
There is no decided movement in foreign securi-
ties. Dutch, Portuguese, and Equador Bonds are
firmer, and Mexican and Peruvian dull. In Spanish
there was a further considerable decline, conse-
quent upon the very unsatisfactory accounts from
Madrid. It is evident that the Spanish government,
acting up to the reactionary tendencies of th-' court
clique, and reckless of the consequences to the com-
munity at large, are determined to risk an attack
upon the constitution, thus reviving, in all its bitter-
ness, that spirit of party which, from the adoption of
a more conciliatory spirit, had of late partially sub-
sided. A more injudiciourpolicy on the part of the
administration could scarcely be conceived; and it is
truly melancholy to see with what facility the course
of that great country towards a state of restored
credit and commerce can be impeded. The letters
from Spain for months past have afforded the most
satisfactory evidence of the improved condition
of the country, a hich, indeed, was sufficiently proved
by the large increase in the revenue, month by
month, over and above the estimates framed by the
Minister of Finance. The tide of prosperity, it ap-
pears, is to be checked and evils of the gravest cha-
racter tempted merely. in the interest of one high
family and its rapacious adherents. The list of
transactions, as officially rendered, is as follows :
Austrian Old Five per Cent. Bonds, 834 (exchange,
10fi. per £). Belgiaa Fear-and-a-Half per Cents.,
981, 96, 4 (exchange, 25f.) Brazilian Old Five per
Cent. Small Bonds, 1021; ditto Four-and-a-Half per
Cents., 1852, 981,14 Danish Five per Cents., 107.
Dutch Two-ands-Half per Cents, for account 16th
Dec. 67, 1; ditto Four per Cent. Certifs., 984, I, Z.
Equador Bonds, 54,1. Granada Deferred, 13 124.
Mexican Three per Cents., 241. Peruvian Deferred
Three per Cents., 651, 1, 65. Portuguese Converted
Four per Cents., for amount, 40. Russian Four-and-
a-Half per Cents., 105, 44, 4. Sardinian Five per
Cents., 961 ex div. Spanish Old Three per Cents.,
514, 51 ; ditto New Deferred Three per Cents., for
account, 234, t, 4 ; ditto Passive (Converted), 6, 54.
Swedish Mortgage Loan, 11, 2, 11 die. Turkish Six
per Cent. Loan, II prem. Venezuela Three-and-a-
Half per Cents. 414.
In miscellaneous shares we have to report trans-
actions as follows :—Bank of Australasia, 794, 784,
791; Chartered Bank of India, Australia, and China,
31, being an improvement ; English, Scottish,
and Australian Bank, 41, 4 ; London Chartered
Bank of Australia, 5,1; Provincial Bank of Ire-
land, 474 ; South Australian Banking Company, 45;
Union Bank of Australia, 684; Union Bank of Lon-
don, 181 ; Australian Agricultural, BR, 87 ; General
Screw Steam Shipping, 52 ex die. ; North of
Europe Steam, 21 ; South Australian Land Com-
pany, 45 ; Beziers and Graissessac Railway shares
closed 1 to 1 prem. ; Royal Swedish Railway, par
to rem.; Central Italian, 4
to 4 prem. ; Staines
and Woking, 1- to 4 prem.; Hamilton and Toronto,
die. to 1 prem_.•, Danish Zealand Railway, 11
to 14 prem. ; Lake Constance and Basle,
die. to prem. ; Great Western and City
Junction Railway, par to 1 prem. ; Orleans
and Epernav Railway, to 4 prem. ' • Tyne-
mouth Docks, par to 4 prem.; City Railway
Terminus, a to 4 prem.; Magdalena Steam, par to
prem.; Lake Fucino Drainage, 4 to 4 prem. ;
Bank of Asia, die. to prem.; London Bank of
1 Australia and India, par to 4 prem. (nominal); Chi-
riqui Road, 1 to 4 prem.
The subjoined calculations show the rate per cent.
per annum yielded by our government stocks at pre-
sent prices. To render the results strictly accurate,
Ithe proportion of interest which may have accrued
since last dividend period should in each case be
taken into account. It should also be remembered
that the Three-and-a-Quarter per Cent. becomes al
Three per Cent, stock in 1834.

let. per rest.
Price. per annum.
Three
Tins pre MIL.
IleOmfteed lsk
pee 41oaf
New4re.es4.4erter per Crete
Mask Seek (141•0 eeleulated at 4
15d15444 rj per feet per anautal
SMdi (dlv. 114 per rem. per
aims .
Ezadragete) r 8111 s Moab (Ist. I id. per (ant)
cent. per day)
Annexed is a statement (extracted from the Liver-
pool Weekly Shore List) showing the rates. yielded
by ordinary railway stocks at present prices, the
calculation being based on the dividend paid tor the
half-year ending the 30th of June:

'Z11! 6
3 2 6

-
Int. per ten .
Pm. Prke. Rally's. per 1.11111101.
1271 London and North Weatern Rack /1 6 3
ICI Issidon and North W.stem Fifths 6 II
II Westerny, and Southpurt
IS Ons ...... .... 14
110 Predol WHI Emilie
60 Midland (Mat Weetarn—lrekad ..—..
40 Edinburgh and Glasgow
101 'Midland Stork .." l4 6
14 Great N•athern and Weetern—liewl....„- ill nj
IS York. Nes mile. and Bersdek....... l3 41
90 Lane...ger and Corbels
16 Lancashi.• and Yorks.,lre Slodi -
.... 0 I
431 Dublin and Pelf .et 1 114
53 Lando* and !Sada Western ..- ........ sSy
191 Midland, Mrs...Atm and Doty 7 0
61 Cila•sem and knelt Western
24 Paola Eastern
131 Easter. Premier. 0 41
114 Kest t ansa lar • —... II 31
111 ()mat Northni 6 6
135 North Staffarriahlre s 5j
211 Chester and Ittrii.nhead......, II 4j
31 York and • 0.0, 'midland
In using this table it most be borne in mind that
the dividends for the second half of the year arc
always 'urger than 'hove for the first half. Allow-
ance must also be made for the improving traffic.