The Express.
London, England, 1864-01-08 00:00:00

No. I IL I

IFORXIGN MINIM.

MONEY MARKET.-(THIS DAY.)

Two &Oxon.

The stock markets to-day are inanimate and pre-
sent very few features of interest, in the ab-
sence of business. The position of fo-
reign politics continues to be regarded
with some uneasiness, and the Bank return
is not considered very favourable. The funds and
home railway stocks are quoted the same as yester-
day afternoon, while some of the speculative foreign
bonds are 1 to 1 per cent. worse.
At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Rentes opened at
66fr. 75c., being Eics lower than yesterday.
Consols are now quoted 91 to 1, ex div., for
money, and 911 to for the account (February'
4). The official business report is as
follows :-Three per Cent. Consols, for
money, 91, 901, 911 ; ditto for account,
911 ; Three per Cents. Reduced, 901, 91; New
Three per Cents., 91, ft, 901, 911 ; India Five per
Cent. Stock, 1061, ; ditto Four per Cent.,
1001, 1 ; ditto Four per Cent. Debentures,
1866, 991 ; ditto Bonds, par ; Five per Cent.
"enlaced" rupee paper, 104 f, 104 ; and Exchequer
Bills, 38., 2s. prem.. par.
The foreign stock market is inactive, and a few
of the speculative descriptions, including Greek,
Mexican, and Spanish Passive, have declined Ito
I per cent. Some of the present quotations are an-
nexed : Turkish 1854 Loan, 891 to 90 ditto, ISA
691 to 701 ; ditto 1862, 671 to 68, being firm ;
the Coruiolithis, 471 to 1 ; Greek, 24 to * ; Mexi-
can, 36f to 1 ; and Passive, 331 to 341.
Transactions are recorded as follows :-Brazilian,
1852, 1858, 1860, 881, 871 ; Egyptian, 1011 ;
Greek, for account, 241 ; ditto Coupons, for
account, 111; Italian, for account, 67a, ex div. ;
Mexican, for account, 36f ; Peruvian, 1862, for
account, 86, ex div. ; Portuguese, 1856, kc.,
for account, 471, f, ex div. ; Russian, 1850,
861, ex div. ; ditto 1862, 891, 1, 881 ;
Spanish, for account, 52a ; ditto Passive, for
account, 34, f ; ditto Certificates, for account, 131,
14 ; Turkish, 1858, for account, 691; ditto 1001.
Bonds, 73, 74 ; ditto 1862, for account, 68, 671,
ex div. ; ditto 1001. Bondi, 681, 671, ex div.
International Financial shares are quoted 41,
to 1 prem. ; General Credit, 21 to u prem. ; Lon-
don Financial, 10 to 4, prem. ; Hudson's Bay,
171 to f, ex div.; Egyptian Trading, If to 2
prem.; Merchant Banking, 31 to 41 prom.
Land Mortgage Bank of India, 21 to 1 prem. ;
English and Swedish Bank, 1 to If prem. ;
East London Bank, 21 to f prem. ; Consolidated
Discount Company, I to lf prem. ; West India
and Pacific Steam, 11 to 11 prem.; Mauritius
Land Credit and Mortgage, Ito lf prem.; Mer-
cantile Credit, 4} to 5 prem. ; Discount Corpora-
tion, 4to 1 prem. ; Contract Corporation, 3 to f
prem. ; National Steam, It toil prem. ; and Austra-
lian and Eastern Steam, 21 to prem.
Speculative business in existing securities is re-
stricted owing to the extent to which attention is
diverted to the new projects in course of daily
introduction, and the majority of which are wain-
tallied at good premiums in the market. As long
as this continues to be the case, there is no prospect
of the supply ceasing.
About 107,000 sovereigns were withdrawn from the
Bank yesterday for transmission to Brazil by the
steamer which will leave Southampton to-mor-
row. There is still an active inquiry for bar gold
for the Continent, and the whole of the 242,0001.
by the Shannon, from the West Indies, will be sent
away. Nearly the whole of the gold bought in the
I market is despatched to Paris, and is doubtless
taken to replenish the vaults of the Bank of France.
Iwtililintlievaedtternthpatt ttohetaleengotslodf til:oat establishment',
will
England, but will buy the supplies as they come
forward from America and Australia.

The City of Washington, from New York, has
brought 110,0001. in specie, which will be sent
abroad.

The Midland Railway traffic return' shows this
week an increase of 3,8681. over last year; the
Manchester, Sheffield, and Lincolnshire au increase
of 1,526/. ; the North Eastern, au increase of
3,059/. ; and the Lancashire and Yorkshire an in-
crease of 4,2201.
The prospectus of the International Race Course
Society (Limited) is in circulation. The object of
this undertaking is to purchase or rent
lands upon the continent or in England suitable for
race and steeplechase mums, and to afford facilities
for the extension or improvement of existing race-
courses. One incentive to the enterprise consists
in the new taste of the French for this class of sport.
In the first instance, it is intended to establish a
race course at a spot closely adjoiuing Versailles,
where a suitable estate, possessing abundant
means of access from the French metropolis,
has been obtained. The prospectus states
that "every encouragement has been promised
to the society by the authorities of the
towns in the vicinity, and it is intended
to offer such inducements in prizes as will make
this race course one of the most attractive in
Europe." The capital is 100,000/., in 10,000 shares
of 101., or 260 francs each, of which the nut issue
consists of 5,000 shares. There is also an issue of
10,0001. in bonds or preference debentures of 20/.
each, bearing interest at 8 per cent.
At the meeting yesterday of the Westminster
Brewery Company, the directors' report sea.
adopted. The net profit for the half-year amounted
to 5,595/., out of which a dividend at the rate of
6 per mut, per annum was declared, free of income
tax. The balance-1,7001.—wi1l be carried to the
profit and loss amount. The directors express a
confident belief that they will be able at the next
meeting to declare a bonus in addition to the usual
dividend. _ _ .

-----
At e meeting of the shareholders of the Alliance
Marine otfioe the usual dividend of 6 per cent. was
declared, and a bonus of 11. 7a. 6d. per share in
addition.
A call of 1/. 10s. is to be paid on the second issue
of shares of the Metropolitan Railway Carriage and
Waggon Company (Limited), by the 6th February.
We are informed that the ►pportionment of the
shares of the Contract Corporation is completed,
and the letters of allotment, as well as those to
unsuccessful applicants, are in course of prepara-
tion.
The letters of allotment of the General Floating
Dock Compery were delivered yesterday. ' The
share certificates will be ready on the 14th inst.
The mails from Calcutta and China by the Ran-
goon, as well as those from Bombay and Mauritius,
will be delivered in London to-morrow morning.
The following Calcutta, China, and Australian
mails, per Eugli44 steamer, are expected to be dis-
tributed in London about Tuesday next,
The Emigration Commissioners have taken up
the ship Sandringham, for the conveyance of pas-
&engem to Sydney, N.& W.
The return of the Bank of England for the week
ending Wednesday, Jan. 6, compared with that for
the previous week, shows the following changes :
Circulation imam £28,164,260 Deems, £167,980
Circulation active
Public deposits 10,001,94 Demean 840,009
Other deposits
Government securities in
banking department
Other securities in banking
department
Coin and bullion in both
departments 14,196,754 Demises 163,851
Seven day and other bills 604.044 'artless 43,538
The Rani
Notes is reserve
Total reserve (notes kegs
in banking department). 8,128,494 Decrease 758,081
This return is affected by the government dis-
ibursements usual at the turn of the year. These
have trenched upon the Treasury deposits to the
extent of 840,009 L, and as the Bank has gained
very little under the head of private deposits, and