The Express.
London, England, 1864-02-04 00:00:00

MONEY MARKET.-(THIS DAY.)

Two o'CLocw.

Speculation in the stock markets to-day has been
checked by the anxiety to learn the nature of the
Queen's speech. The tendency of prices is unfavour-
able. The funds, in which this is settling day,
have fallen k per cent., and a decline has taken
place in home railway securities, and in foreign
bonds.

At Paris this morning, according to Mr. Renter's
telegram, the Three per Cent. Rentes were quoted
66fr. 25c., showing no change.
Consols are now quoted 89/ to 90 for
money, and 90/ to for the new account
(March 8). The official business report is
as follows :-Three per Cent. Consols, for
money, 90, 1, 891, 901; ditto for account, 901, ;
Three per Cents. Reduced, 891, 901 ; New Three
per Ceuta., 901, 891, 901; New Two-and-a-Half
per Cents., 72} ; Annuities, 1855, 141 ; Bank
Stock, 235, 237 ; India Stock, 215; ditto Five per
Cent., 1031, 104, 103 g, 104 ; ditto Bonds, par ;
Four per Cent. " enfaced " rupee paper, 91; and
Exchequer Bills, 4a. die.
Most of the principal speculative foreign stocks
have declined Ito 1 per cent. Some of the present
quotations are annexed :-Turkish 1854 Loan, 88
to 89 ; ditto, 1862, 661 to 1 ; the Consolidda,
44 to 46 ; Greek, 201 to ; Mexican,
341 to 35 ; and Spanish Passive, 31! to /.
Transactions are recorded as follows :-Brazilian
Old Five per Cents., 101 ; ditto Four-and-a-Half
per Cents., 1863, 86; Egyptian, 101, 1 ; Greek,
for account, 201 ; Italian, for account, 661 ; ditto,
Maremmana Railway, 73 ; Mexican, for ac-
count, 341, 1, /, ; New Granada, 121 ; Peruvian'
1862, for account, 84 ; Portuguese, 1856, &c., for
acct., 47, 1; Russian, 1862, 88, 874, 1 ; Sardinian,
for acct., 82 ; Spanish New Deferred, for acct.,
45 ; ditto Passive, for acct., 311, 32, 311 ; ditto
Certificates, for account, 13/, 1, 1 ; Turkish, 1858,
1001. Bonds, 731; ditto, 1862, 661.; ditto for ac-
count, 661; ditto 1001. Bonds, 661, 67 ; ditto gua-
ranteed, 991, ex div.; Venezuela, 1862, for ac-
count, 55.

International Financial shares are quoted q
to 7 prem. ; General Credit, 2} to I prem. ; Lon-
don Financial, 10 to } prem. ; Egyptian
Trading, 21 to f prem. ; Consolidated Discouut
Company, } die. to par ; Mauritius Land
Credit and Mortgage, i to 1 prem. ; Australian
and Eastern Steam, 5e to 6 prem.; Land Securities,
Ito le prem. ; Mercantile Credit, 41 to i prem. ;
Anglo-Italian Bank, par to I prem. ; Contract Cor-
poration, 2} to 3 prem.; Adriatic Steam, i dis. to
par ; and Hudson's Bay, IA to tn.

The shares of the Australian and Eastern Navi-
gation Company were quoted this morning as high
as 7to 9 prem., but have since declined, the pre-
sent quotation being 54 to prem.
The fact that the terms in the general
market are about equal to those of the Bank of
England still causes a good demand to be expe-
rienced at that establishment. It would appear
that the unsettled state of affairs in Germany and
on the Continent generally is causing a considerable
amount of capital to be sent to this country for
safe employment at the present high rates. A
similar feature was observed during the Crimean
war.

The dividend at the rate of 81 per cent. per an-
num just declared on Great Northern Railway
stock allows of the payment of 41. is. 61. on the
original stock, 31. on the B stock, and 51. 15s. on
the A stock, for the half-year. The directors of the
North Staffordshire Railway Company have an-
nounced a dividend for the half-year at the rate of
4 per cent, per annum, against 3 for the oorres-
ponding period of 1862.
Under the auspices of the General Credit and
Finance Company, the proepectus has been
issued of the Great Eastern Northern Junction
Railway. The capital of this undertaking is
1,500,0001., in 75,000 shares of 201. each, of which
;50,0001. or 37,500 shares are now offered to the
public. The deposit on application is limited to
10a. per share, and no other payment will be re-
quired until after the passing of the act. It is in-
timated that the whole of the deposit will be re-
turned, after deducting expenses not exceeding ss.
per share, in the event of the failure of the bill.

RAILWAYS-(THIS DAY.)

Two o'Ouxra.

The railway market is flat to-day, and prices
have declined in most instances, but not to any
important extent. South Eastern stock has re-
ceded per cent., London and North Western
and Great Western 4. Midland and Caledonian 1.
and Lancashire and Yorkshire, 1. London and
North Western stock is now quoted 1064 to 1; Great
Western, 64} to ; Midland, 1281 to 129; Lanca-
shire and Yorkshire, 1094 to 1 ; Caledonian, 120 to
; South Eastern, 931 to 94 ; Great Eastern, 49
to ; London and South Western, 1021 to 103 ;
and Metropolitan, 99 to 1.
With the exception of West Flanders, which have
declined, foreign railway shares are without change.
Indian and Canadian hues are inactive.
ORDINARY SHARES AND STOCKS.

Bristol and Exeter, ioreat Fastens
Ordinary Stock, 494 ; Groat Northern, 1284 ; ditto A stook,
134, 4 ; Great Western —orig:sal, 644, 4 ; ditto, Month
Wake, 661: Lanouhire sod Yorkshire, 1904, ; London
sad North Wastern,lo64, 4; London and South Weal=
Metropolitan, 994, 9 ; ditto New (M. paid), 74 ;
128 i, ; North British, 52; North Eastern—Berwiek, 1024,
34, 24, 34 ; ditto York, 904 ; South Eastern, 94.