The Express.
London, England, 1863-12-30 00:00:00

MONEY MARKET.-(THIS DAY.)

Two dOwpow.

The stock markets to-day are vary quiet, busi-
ness being almost exclusively confined to
the completion of the fortnightly settle-
ment in shares and foreign stocks. Prices
generally are firm. The funds remain at yes-
terday's qdotations. Home railway stooks are
slightly better, and an advance has taken place in
some of the speculative foreign bonds.
At Paris this morning, according to Mr. Beater's
telegram, the Three per Cent. Rental were quoted
66fr..35c., being fie. lower than yesterday.
Console are now quoted 911 to #, ex div., for
money, and 91} to f, ex div., for the account
(Jan. 7). The official business report is as follows :
—Three per Cent Consols, for money, 911, 1;
ditto, for account, 91# ; Three per Cents.
Reduced, 911, #, 1 ; New Three per Cents., 911,
1, I, ; Thirty Years Annuities, 1886, 14 13-16 ;
Bank Stock, 234 ; India Five per Cent. stock, 1061,
; ditto Bonds, par ; Five per Cent. " enlaced
rupee paper, 104 i ; and Exchequer Bills, 45., Bs.,
9s. dis.

The speculative foreign stocks are better. Greek,
Mexican, and Spanish Passive have risen about 1
per cent. The market is inactive, the settle-
ment being in programs. Some of the
present quotations are annexed : Turkish,
1854, Loan, 891 to 904 ; ditto, 1862, 704
to 711 ; the Consolides, 474 to 48 ; Greek, 242 to
25 ; Mexican, 371 to 3 ; and Passive, 344 to 1.
Transactions are recorded as follows :—Egyptian,
1004, ; Greek, 244, ; ditto for account, 241,
25 ; Italian, 701 ; Mexican, 374, # ; ditto for ac-
count, 374, 3, 4 ; Peruvian, 1862, for account,
881 ; Portuguese, 1856, ea, 491 ; Russian, 1862,
894 ; Spanish Passive, 334, 4 ; ditto for account,
34 ; ditto Certificates, for account, 134, 4 ; Turkish,
1858, for amount, 704 ; ditto 1001. Bonds, 731 ;
ditto 1862, 71, 701.

The shares of the Mauritius Land Credit and
Agency Company opened this morning at 11 to 21
prem., which is also the present price.
International Financial shares are quoted 41
to 5 prem. ; General Credit, 2f to f prem. ; Lon-
don Financial, 81 to At prem. ; Hudson's Bay,
21 to 2} dia. ; Egyptian Trading, If to 1I
prem. ; Merchant Banking, 4 to f prem. ;
Land Mortgage Bank of India, 2/ to 2} prem.;
English and Swedish Bank, 11 to n prem. ;
East London Bank, 2} to 3 prem. ; Discount Cor-
poration, 31 to 41 prem. ; Floating Dock, / to 11
prem. ; Contract Corporation, to 4 prem. ;
Consolidated Discount Company, 1 to 11 prem. ;
and West India and Pacific Steam, 1 to If prem.
The discount market presents the increased acti-
vity usually experienced during the closing days of
the year. A brisk demand prevailed yesterday
in all quarters, including the Bank of England,
where the broken have re-appeared as applicants
for advances, the Bank's charge being now the same
for advances on bills as for discounts, though
during the recett pressure the former were ex-
ceptionally charged 1 per cent. higher than the
latter. . _

Only 3,000/. in gold was sent into the Bank yes-
terday.
The mail steamer Parana, from Brazil for South-
I ampton, has arrived at Lisbon, with 2,7801. in
specie.
The foreign exchanges yesterday afternoon pre-
sented no alteration of importance. The rates were
as follows:
Amsterdam, 3 months, 11.194 to 11 ; ditto, 3 days,
11.17 to 4; Rotterdam. 3 mouths, 11.194 to 124 ; Antwerp,
3 mouths, 25.671 to 724 ; Bamberg ma. balm, three months,
13.71 to lit ; Paris, 3 days, 75.27110..35 ; ditto. 3 months,
26.70 to • Frsakfort-ort-thir 3 months, 1194 to
; 81. Petersburg (per rouble), 3 months, 334 to >i ; Vises*,
eff. flo., 3 isouths,l2.2l to 35 • Trieste. off. do., 3 mouth%
12.25 to 35 ; Madrid, 3 months, 474 to 48; Cadiz. 3 mouth'',
474 to 48 ; Leghorn, 3 months, 25.90 to 95 ; Gatos. :i
mouths, 25.90 to 95 ; Milan, 3 months, 25.90 to 95 ;
'Naples, 3 mouths, 25.90 to 95; Palermo, 3 mouths, 25.90
to 95 ; Messina, 3 mouths, 25.90 to 95 ; Lisbon, 90 days,
621 to ; Oporto, 90 days, 524 to 4.
It would appear that the favourable movement of
4 per cent. in the Bombay exchange, referred to in
private telegrams yesterday, is erroneous, the rate
being scarcely better for this country than by the
previous accounts.
The Board of Trade returns for the month of
November indicate a continuance of the remarkable
expansion of the export trade, which has latterly
attracted so much attention, occurring as it does in
face of the war in America, and of the partial
paralysis of the cotton business. The total exports
of home produce and manufactures for November
were valued at 12,758,323!., being more by
2,996,8131., or 30 per cent. , than in November,
1862, and more by 2,883,5611., or 29 per cent.,
than in November, 1861 ; and the exports for the
eleven months of the present year have reached
no less than132,135,368L , exceeding by 18,854,5891.,
or 16 per cent, those of the same period of last year,
and by 16,780,3641., or 14 per cent., those of
1861. The increase extends over nearly
every article of export, but is greatest in
some of those textile and mineral branches
which contribute most largely to the profits of
labour and of capital. The increase in the value
of the cotton manufactures exported is very re-
markable. Cotton " piece goods " figure for the
large sum of 3348,884/. for the month, against
1,599,3431. in November, 1862, and 2,778,824/. in
I November, 1861. The woollen and worsted menu-
I factures appear from the official figures to be
expanding greatly—a result which is probably due
lin some degree to the partial substitution of
rela-
tively cheaper woollen fabrics for those of cotton,
now so high in price.
The Mauritius Land Credit and Agency Company
(Limited) has issued its prospectus this afternoon.
This is in every point a highly respectable under-
taking, even apart from the stamp which is con-
ferred upon it through its being organised and in-
troduced by the International Fivancial Society.
It is another of those useful associations whose
operations consist in transferring capital from the
ordinarily over-supplied home market to the colo-
nies, where its fertilising influence is so much
needed. The legal rate of interest on mort-
gages in Mauritius being 9 per cent., the
company will be able to preserve such a margin all
will enable them to reanse a considerable profit
" on the Slllllll amount of paid up capital required
to conduct the business." The Credit Foncier
system of a sinking fund is to be adopted, and the
company's investments, besides being limited to
„first mortgages, are to be strictly.limited in amount.
The boards of direction, both in Loudon and the
Mauritius, represent very satisfactorily the com-
mercial interests identified with the colony. The
capital is 250,000/. in 12,600 shares of 201. each, of
which 1,500 are reserved for Mauritius. It is not
contemplated to call up more than 41. per share.
The brokers are Messrs. P. Cazenove and Co. and
George E. Seymour.
The prospectus of the Western Fire Insurance
Company (Limited) is also in circulation, with a
proposed capital of 1,000,000!. in 100,000 shares of
101. each, of which the first issue is to consist of
25,000 shame. There is a deposit of 10u. per share,
and 10s. more is to be paid on allotment, beyond
which, the prospectus states, "no further call is
anticipated." Phis undertakinq is established in
connection with the Western Life Assurance So-
ciety, which was formed in the year 1842. Through
this «inflection the new company will have the advan -
tags of a large number of organised agencies in full
working order, and will thus be able to get
into operation at once. It is also promised
that the formation of the company shall entail only
a small expense. The chief offices are in London
and Manchester, with branch offices at Birmiugbam,
Liverpool, Plymouth, Shrewsbury, Bradford, and
other important places. The direction is respect-
ably composed, with a strong infusion of the pro-
vincial element.
We have received a copy of the bill which is being
promoted by the London Joint Stock Bank in the