The Express.
London, England, 1863-11-24 00:00:00

MONEY MARKET.-(THIS DAY.)

Two s'Owcz.

The stock markets to-day have exhibited • dull
tone, especially within the last hour or two. Prices,
however, have not varied much. The funds remain
at yesterday's quotations, and home railway
stocks are pretty well supported, but the specula-
tive foreign stocks are, in some inetanoee, 1 to
per cent. worse. Business is very inactive.
The usual telegrams from the Paris Bourse have
not yet arrived.
Consols are now quoted 92} to }, cum div., for
money, and 91} to 1, ex div., for the account
(December 3). The official business report
is as follows :-Three per Cent. Consols, for
money, 92/, ; ditto, for account, 911, 1,
Three per Cents. Reduced, 90}, 91 ; New Three
per Cents., 904, }, 91, 901 ; New Two-and-
a-Half per Cents., 764; Bank Stock, 235,
237 ; India Stock, 224 ; ditto Five per Cent.
Stock, 108}, 109; ditto Four per Cent.
1001, I ; ditto Four per Cent. Debentures, 1864 or
1866, 991 ; ditto Bonds, 95., 3e. prem. ; and
Exchequer Bills, 25., Si. dis.
The foreign stock market is rather flat. Turkish
Bonds of 1.854 have declined } per cent., and the
Consolid4s, as well as Mexican and Spanish Pas-
sive, 1. Greek Bonds, after temporarily im-
proving, have returned to yesterday's prices.
I Some of the present quotations are an-
nexed :-Turkish 1854 Loan, 89} to 901 ; ditto,
1858, 70 to ; ditto 1862, 70 to 1; the Consolidis,
474 to 4 ; Greek Bonds, 31 to } ; Mexican, 38
to 1 ; and Spanish Passive, 34} to }.
Transactions ars recorded as follows Brazilian
Old Five per Cents., 991; Dutch Two-and-a-Half
per Cents., 634; Egyptian, second lane,
199 ; Greek, for account, 31, 4, 1 ; ditto
Coupons, for account, 15, 144, 151; Italian,
ifor account, 71 ; Mexican, for account, 38, 1;
Portuguese, 1853, for account, 48} ; ditto 1856,
kc., for account, 48} ; Russian, 1822, 90} ; ditto
1859, 541; ditto 1862, 87, ex div. ; Spanish Passive,
for amount, 34} ; ditto Certificates, for account,
14/, 14 ; Turkish, 1854, for account, 901, 891 ;
ditto 1868, for account, 701; ditto 1862, far se-
(*unto 704, 694, 701.
International Financial shares are quoted 4}
to } prem. ; General Credit, 24 to 31 prem. ;
London Financial, 81 to f prem.; Mercantile Credit,
34 to 4 prem. ; Hudson's Bay, 1} to 1} die.; Egyp-
tian Trading, 2 to f prem. ; Discount Corporation,
84 to 9 prem. ; Merchant Banking, 54 to 6 prem. ;
Australian land and Mortgage, } to 1 prem.
Mortgage Bank of India, 2} to 3 prem. ; and
English and Swedish Bank, 3} to 4 prem.

It appears from theParie acivioes that the bullion
in the Bank of France, which was until very recently
declining, has reoovercd to 206,600,000 francs, or
8,160,000/., being only about 66,0001. less than the
amount held on the 12th inst.,when the last monthly
return was published. It would have been more
satisfactory had the improvement been brought
about by means of a more legitimate character than
the hasty purchase of a sum of 10,000,000 francs
(400,0004) of gold in foreign markets, but, in any
case, there seems to be evidence sufficient to war-
rant the presumption that the drain on the French
Bank has at least been stayed.
The Canada, from Boston, has brought 16,6001.
in speeie.
The bar silver by the West India packet was sold
yes* inlay at ss. lid. per ounce, partly for India,
and the rest for the Continent, there not being suffi-
cient demand to take the whole for the former
quarter. This establishes a reduction of 4d. com-
peted with the price obtained for the previona
remittance, but in the interval a gradual fall has
taken place in the value of this metal, the high
value of money checking remittances to India.
The Committee of the Stock Ir.:change have
appointed the following special settling days :
City Bank, new sheees, Thursday, Nov. 26 ; Land
Mortgage Bank of India (Limited), Tuesday, Dec.
1; both to be marked.

A new undertaking formed for important trading
objects, and porsessing a highly respectable direc-
tion, the pi lucipal members of which are actively
engaged in the (*amerce of London and Liver-
pool, is announced, under the title of the
West India and Pacific Steamship Company
(Limited). The capital is 1,C00,0601. in 20,C00
shares of 50/. each. It is intended to assume the
working and fui Jur development of • line of
steamers already established between Liver-
pool, the West Indies, and the Eastern terminus
of the Panama railroad, and to employ such
branch steamers as shall bring the main line into
communication with the West India Islands, Vene-
zuela, and Mexico. Hereafter, other routes in that I
part of the world are to be occupied. It is re-'
marked that the success which has attended the
employment of steamers on the Pacific is shown in
the fact that the shares of the Pacific Steam Navi-
gation Company and the Pacific Mail Steam Ship
Company are now worth ;upwards of 50 per oent.
premium. It is believed that the traffic on the
Atlantic side of the isthmus is likewise susceptible
of great development, and there will be the lees
tendency to competition with established interests,
because the traffic which the company aim at is
mainly that in goods. A prediction is made that
'the time is not far distant when the tea, silks, and
'other products of China will be conveyed in less
than sixty days by steam to England by the
Panama route. It is a feature of the undertaking
that operations are to be entered upon at once,
owing to the transfer of an existing business to this
company.
The Brighton Railway traffic return shows this
week a decrease of 33/. compared with the corre-
sponding week of last year ; and the South Eastern
an increase of 6171.

By the last Cape mail the directors of the Cape
Town Railway Company have received the
intelli-
gence of his excellency the Governor having con-
sented to open in state the concluding portion of
their the Paarl to Wellington—on the 31st
of October. It also appears by the returns sent by
the same mail that the traffic receipts for the mouth
of September were 2,0111. 17s. bed., as against
1,8631. 9s. Bd. for the month of August.
A second pamphlet has been published in
Alexandria relative to the case of K Cassis
against the Societ4 Financiere D'Egypte, in which
the grounds of an appeal are set forth. Mr.
Gatteachi, counsel for M. Craig, concludes his
arguments by stating that however great may
' be our esteem for the magistrate who pronounced
the judgment adverse to 1,1. Cassia, we yet must
declare that our convictions upon the question
are in no way modified, and that we intend to carry,
the judgment before the court at Aix." It is
admitted by M. Cassis that the Sociat43 Financiere
d'Egypte is a " Societe di fatto," but it is denied
that it is either an Egyptian or a French &Mail
Anonym.. If, therefore, the Court of Appeal at
Aix should reverse the judgment of the French
Conaulsr Tribunal at Alexandria, and declare that
the &elite; Financiere D'Egypte is not an Egyptian
Sociat4 Anonyme, according to the wording of the
prospectus, the shareholders would be entitled to
a return of the full amount paid upon their
shares. The French authorities appear to be clear
upon this point.
The Great Western Railway Company of Canada
intimate that "the loss on exchange by the con-
version of American money received fur the carriage
of through traffics from the commencement of the
current half-year to 7th November, 1863, amounted
to the sum of 85,274,09, dole., and at that date
there was a further sum of American funds still re-
maining to be converted of 89627.20 dole."
The shares of the Imperial Continental Gas
Association have been in demand. There is
a feeling amongst the shareholders that the
board of directors ought to yield to their wishes,
and raise the capital necessary for extensions of the
works by the creation of new shares, instead of
applying the income arising from the undivided
profits for that purpose. The meeting of the woo-

I ciation takes place on the 96th, and great interest is
felt with regard to the future intentions of the board.
Meanwhile the business of the association is steadily
increasing.
A demand has arisen for the shares in the
Intercolonial Royal Mail Steam Company, in conse-
quence of the satisfactory report and the conclusion
of a contract with the New Zealand government
for a monthly service acme the Pacific to the
Australian colonies.
We are requested to state that the share list of
the City and County Assurance Company will be
oloecd on Monday, Nov. 30, for London, and on
Tuesday, Dec. 1 for the country.
The subjoinec on the wins trade, is from the
circular of Mr. .W. CONDON :
In wines the trade continue most satisfactory ; the good
crop on the Douro will probably keep the prim of new porta
moderate, while the older demaignions, from their scarcity,
of necessity commend high sates. The Awry vintager
although producing WWI of Werke qua* to 1862, may
be procouseed a fair a yield—prlees of the " Yosto,*
or new wine, are 2/. to 41. Ylgl,m two were realised at this
period last year far 1862. French Wines.—ls the Mem,
pave district the yield has bees good, hut the wines are
reported to be unbmonrably sleeted by the drought et
August Let, which dried rap the papas. Clerat.-1863 wilt
not prove a commanding vintage, inferior to 1862, sad
sanely equal to 1861. Bingeady red 114•111111 good atop, and
quality superior. Of Chablis and white wines yield small•
bat quality mewled to be good.
MONDAY Eva five.
Consols, which closed on Saturday at 914 to en
div. for the 3rd December, opened and closed to-
day at the same quotation. For money the last
price was 921 to ; with dividend. The
official business report is 111 follows, :—Three
per Cent. Consola4 for money., 924, ft, 93 ; ditto
for account, 914, • Three per Cents. Reduced,
901, 1, ; New liree*. per Conte., 904, 91. ; Bank
Stock, 237, 236 ; Red Sea Telegraph, 20 15-16 ;
India Stock, 224 ; ditto Five per Cent.,
1064, • ditto, Four per Cent., 1004 • Four per
Cent. " enfaced " rupee paper, 964 • ditto Five per
Cent., 104, 4 ; ditto Five-and-a-kalf per Cent.,
1.14. _ .

The India Five and Four per Cent. Stocks were
firm, but the rupee paper wag flat. Exchequer
Bills remain at Bs. to 3e. dis.

A good amount of business was done in the
foreign stook market. There were several varia-
tions in prices, but the tone generally was favour-
able.

The market for bank shares was firmer. An
improvement took place in London and Brazilian,
London and Buenos Ayres, London and Colonial,
Imperial Ottoman, and Brazilian and Portuguese
Bank.
Bank. Anglo-Austrian Bank shares have also again
improved, closing at 9-16 to 11-16 prem. Tbs
supply of shares thrown upon the market by German
allottees is still being steadily absorbed by English
capitation. Alliance Bank shares were quoted
slightly lower. A further improvement of 1 per
cent took place in London and St. Katharine Dock
stocks and Rbymney Iron shares. Royal Mail
Steam and the shares of the Ceylon Company wan
also better. Oriental Inland Steam were heavy.
International Financial shares were again 2s. 6d.
higher, at 41 to 5 prem. ; and London Financial
sa. higher, at Si to 9 prem. ; while General Credit
were quiet at 2& to 3 prem. Hudson's Bay closed
at 11 to 14 die., being rather lower ; and Egyptian
Trading at 2 ton prem.
Ocean Marine shares were last quoted to-day
134 to 14 prem. ; Thames and Mersey Marine,a
411-16 to 13.16 prem. ; Oriental and
Marine, 14 to 2 prem. ; London and Provincial
Marine, per to pram. • Universal Marine, par to
prem. ; Commercial' Union Assurance, S 3 to
31 prem. ; and English and Scottish Marine,
to Lpram.
d Mortgage Bank of India shares were last
no e d to 3 prem. ; English and Swedish
Bank,
34 to prem. ; Muntz's Metal Company.
dis. to par • Gloucestershire Smelting. 1 to
2 prem. ; Constantinople and Alexandria Hotels,
2to 3 prem. ; National Steam, sto bi preen. ;
MerchaLt Bank, 54 to prem. ; Australian Land
land Mo-tgage, to 1 prem. ; Discount Corpora-
tion, 84 to 1 prem. ; Mercantile Oredit, 31 to 4firem. ;
Littlehampton Steam, 4 to 44 pram.; and Bedford
(Brighton) Hotel, to 1 prem.
New Brunswick and Victoria Government Deben
tures were inquired for.