The Express.
London, England, 1863-01-06 00:00:00

'MONEY MARKET.--(THIS DAY.)

Two o'CLocw.

The tendency of the stock markets continues
favourable. The funds have to-day attained a
fresh advance of 1 per cent. In the railway market
the variation is of no importance, prices remaining
steady. Foreign stocks are firm, and there is a
recovery in Turkish.
At Paris, this morning, according to Mr. Reuter's
telegram, the Three per Cent. Ranks opened at
70fr. 85c., being Sc. better than yesterday.
Consols are now quoted 94 to 93, ex div.,
both for money and the Bth inst. The official
business report is as follows :-Three per
Cent. Consols, for money, 92/, 1, ex div. ;
ditto, for account, 921, 93, ex div. ; Three per
Cents. Reduced, 921, 93 ; New Three per Cents.,
921, 93 ; Bank Stook, 2331, 235 ; India Stock,
225, ex div. ; ditto Five per Cent. Stock, 1081,
1,1; ditto Four per Cent. Debentured, 1001, ;
and Exchequer Bills, 125., Bs. pram.
The Turkish Loans of 1864 and 1862 are firm,
at 84 to 85, and 671 to 681, ex div., while that
of 1868 has improved per cent., and Consolid‘
, the respective quotations being 71 to 1, and 391
to 1. The new Russian Loan and Italian Five
per Cents. are better. Old Venezuelan Bonds,
Egyptian, Mexican, Portuguese, and Greek are
all well supported. Venezuelan scrip is quoted 2
to 11 die., and the Peruvian Loan, 891 to f, ex div.
Transactions are recorded as follows :-Austrian,
681; Dutch Certificates, 103 ; Egyptian, 96 ; ditto
second issue, 941 ; Greek, 161, f ; Italian,
for account, 701, 1, ex div. ; Mexican, for aooonnt,
32, ; Moorish, 971 ; Portuguese, 1853, 471, ex div. ;
ditto, 1862, 471, ex div. ; Russian, 1850, 94, ex div. ;
ditto 1860, 93 ; ditto 1862, 96, 951, 96 ; ditto scrip,
2, prem. ; Sardinian, for account, 84 ; Spanish,
for account, 54, ex div.; ditto Passive, 241, 231;
ditto Certificates, 91, 1 ; Turkish, 1864, for so-',
count, 85, 84 ; ditto 1858, 701 ; ditto for ao-
count 711, 1, 71; ditto 1862, for amount 64,
671, ex div. ; Venezuela, 241, ex div. ; ditto for
account, 24, ex div.
With the approach of the dividends, payment of
which will commence, on Thursday, the discount
market continues to present indications of returning
ease. The rates appear to be drooping, transac-
, tions having taken place yesterday in good bills at 2/
and 21 per cent., while business at the Bank of
England has become limited.
The fall in Turkish securities is due to the news
of the dislocation of the Turkish Ministry, and of
a panic in the Constantinople money market,
where the price of the local Consolidds has
fallen within a brief space from 46 to 38, the
latter being the latest price brought by the tele-
graph. As to the causes of the disruption of
the Ottoman Ministry, nothing definite is
known' and in the absence of intelligence the
usual wild rumours are circulated, ono of
which refers to the alleged lunacy of the Sultan.
There is an impression in sober quarters that an
administration which does not comprise Fuad
Pasha or Aali Pasha-one or both-will be found
very difficult in Turkey, and thence it is inferred
that the re-installation of these statesmen is far
from improbable.
A large portion of the recent arrivals from Ame-
rica and Australia has been taken for exportation.
The Arabia, from Boston, has brought 23,000/.
in specie.
The bar silver by the Mexican packet was sold yes-
terday for Bombay at se. 10. per ounce, showing no
change. The Mexican dollars have not yet been
disposed of. The silver market is quiet, owing
partly to the desire to await the result of the ten-
ders for the India bills to-morrow.
The Agents-General for Crown Colonies, having
been authorised by the government of the Cape of
Good He to dispose of debentures to the amount
7 of 29,5001., now invite tenders for them, receivable
up to one o'clock on the 16th inst. The debentures
bear 6 per cent interest, and are redeemable on the
15th October, 1892. The loan is raised for pur-
poses connected with the harbour of Port Elizabeth,
Algae Bay, and the principal and interest, besides
being secured on the revenues of the harbour board,
rest also upon the security of the general revenues
of the colony.
The committee of the Stock Exchange have
appointed Monday next, the 12th inst., a spe-
cial settling day in the shares of the London and
Northern Bank and Upper Assam Tea Companies.
The former are to be officially marked, but not the
latter.
The Brighton Railway traffic return shows this
week an increase of 6631., and the South Eastern
an increase of 357/.
The directors of the new London and South Wes-
tern Bank (Limited) are inviting applications for
the appointment of manager.
It appears that the amount of business com-
pleted by the Temperance and General Provident
- Institution during 1862 was 3,094 policies, assuring
543,613 f.
The letters of allotment for shares in the English
and Irish Bank (Limited) were issued yesterday af-
ternoon.
The Gillis has arrived from China,with 436,5001 Ni.
of tea.
The Australian advices being unusually scanty,
owing to the accident to the Colombo, it may be
useful to reproduce the following list of shipping
arrivals at Sydney. It is imitained in a telegram
dated November, and addressed by Messrs. G. A.
Lloyd and Co., of Sydney, to Messrs. Lloyd Cattail
and Co. of London.
Arrivals.-From London : La Hogue, Henry 1111 w, Annie
A mhbell, Cumberland, Maid of Judah, Brilliant, Grey-
hound, Sarah Newmann Northumberland, Alpine, Jam
Ambrid_ge, Rangoon, Cali/anis, Benqollynn, Eastern Ent-
we. From Liverpool : Leander, Alliance. From Leith :
Norio. From Dungeness : Agnes Irving (a.).
The same advices mention that the Australian
Company's ship City of Sydney has been totally lost.