The Express.
London, England, 1863-10-09 00:00:00

DAY EVENING, OCTOBER 9, 1863.

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MONEY MARKET.-(THIS DAY.)

Two dOzoow.

The stock markets opened this morning with
much depression, owing chiefly to the unfavour-
able financial movements at Paris recorded
below. In some of the foreign stocks
much excitement and even a sort of panic was ob-
servable. There has since been a partial recovery,
and the general tone is somewhat steadier, but prices
are still quoted in moat instances lower than they
closed yesterday, and an unsettled feeling continues
to prevail amongst the speculators. The English
funds are relatively steady, the reduction being
limited to i per cent.

Consols are now quoted 921 to 93 for money, and
934 to for the account (November 5). The
official business report is as follows :-Three
per Cent. Consols, for money, 923, 93 ; ditto for ac-
count, 931, 93, ; Three per Center Reduced, 914, ;
New Three per Cents., 914, 4, ; India Stock, 224 ;
ditto Five per Cent. Stock, 106/, 4 ; ditto Four
per Cent, 100} ; Five per Cent. "enlaced" rupee
paper, 108 ; and Exchequer Bills, 3s. prem., par.
The foreign stock market opened in a
state of panic. Mexican Bonds were sold as
low as 41, Greek at 321, and Spanish Pas-
sive at 334, these descriptions being chiefly
affected. Numerous fluctuations have since
occurred, resulting in a partial recovery,
but the present quotations, which are an-
' nexed, are generally below those of yes-
terday afternoon, viz., Mexican Bonds, 41}
to 4 (being 3 lower than yesterday) ; Greek 334
to (being 2 per cent. lower) ; Spanish Passive,
1334 to 344 (being 1 per cent. worse) ;
I Turkish Bonds of 1854, 94 to 95} ; ditto
1858, 69 to 70 ; ditto, 1862, 69; to 70 ; and the
Consolidds, 52 to 4, being g per cent worse than
yesterday. Transactionsare recorded as follows :-
Brazilian Old Five per Ceuta. , 100 f, 991, ex div. ; ditto
1852, 1858, 1860, 914 ; Egyptian, 101; Greek, for
itcootintl 33, 324, 341, 334, 34, 33, 3419 334
ditto Coupons, for account, 154, 14e, 16 ;
Italian, 721 ; Mexican, for account, 42, 41,
}, }, 42, 41, 42, 414 ; Peruvian, 1862,
for account, 871 ; Russian, 1862, 93, ; Sar-
dinian, for account, 89} ; Spanish, for account, 544,
55 ; ditto Passive, for account, 344, 34, 4, 334, 34 ;
ditto Certificates, 13, 4, 13, } ; Turkish, 1854, for
account, 951, ; ditto, 1862, 694 ; ditto for
account, 70, 4, 694, 704.
The Confederate Loan is somewhat firmer, at
25 to 23 discount. The Columbian is lower, at
par to prem. ; and the Brazilian at to prem.
At Paris this morning, according to Mr. Renter's
telegram, the Three per Cent. Rentes were
quoted 67fr. 90c., being per cent. higher than
yesterday. _ .

International Financial shares are flatter, at 41
to j prem. ; and London Financial, at to
prem. General Credit and Finance are steady,
at 21 to prem. ; Hudson's Bay are quoted 1j to
le dia. ; and Egyptian Trading, Iti to.l/ prem.,
being lower.
The shares of the Mortgage Bank of India are
quoted 3e to 3i prem. ; Anglo-Austrian Bank, to
1 prem. ; and Imperial Royal Privileged Union
Bank of Austria, par to prem.

Foos o'Cwci.
Consols are better, at 93 to 1 for money, and
93# to # for the account.

Yesterday afternoon the announcement was re-
ceived by telegraph that the Bank of France had
raised its rate of discount from 4} to 5 per cent.
The private letters from Paris tend to explain the
motives of this step, for they state that the Bank
has parted with no less than 37,000,000 fr., or
1,430,0001. sterling, of specie since the publication
of the last return. Simultaneously with the change
at the Bank, an official notice has bees posted up
at the Bourse forbidding dealings in such foreign
securities as have not been admitted to official
quotation. This . measure is evidently aimed
against the active speculation which has
for some time past been in progress on
the Bourse in such stocks as Mexican, Greek, and
Turkish Conealidiki, and under the stimulus of
which large amounts of these securities have been
introduced into France, causing a corresponding
exportation of gold. The speculative movement
in Mexican Bonds at Paris has been especially
fierce, owing to the idea that the coming Moxican
Loan must be guaranteed, or materially assisted in
some manner by the French government. In so
far as the measures now adopted tend to moderate,
both here and in France, a too eager speaulationfin
foreign stocks yielding no interest, they are not to
be regarded with disfavour, although they are
likely to cause much loss to such operators as have
ventured beyond their depth. Perhaps the result
may prove the present to be merely a healthy
check, tending, after the usual purging, to place
the markets on a sounder basis. This seems to
be the view taken at Paris, where the Renter have
risen on the day's notifications.
Owing to the arrival at maturity yesterday of the
India Four per Cent. Debentures, which involves
the distribution of between 2,500,0001. and
5,000,0001. of cash, the supply of money in some
quarters was more plentiful, and the applications
at the Bank of England Discount-office did not
exceed a moderate total. The market generally,
however, was far from easy, and wine difficulty
was experienced in placing good bills at any reduc-
tion from the Bank minimum.

The new Brazilian Loan was favourably received
yesterday, in consideration of the large measure
of substantial support which bad been secured for
it prior to the issue of the prospectus, and of the
circumstance that the price of issue is considered
to have been fixed upon the fair principle of giving
the subscriber an adequate margin for profit in re-
lation to the prices current for existing stocks. The
price opened at 2 prem., which rate was at one
time offered for the scrip, but in the afternoon the
market was greatly prejudiced by the general
heaviness of the Stock Exchange, and the closing
price was no better than i to 3 prem. That the
loan will be floated is certain, the applications
being 'already both large and of an influential
character.

The Spanish Financial Commission has notified
that at the auction of the Foreign Redeemable (Pas-
sive) Debt, which will take plates ou the 31st inst.,
at Madrid, 11,202,880 reale have been assigned.
About 100,000 sovereigns were taken from the
Bank yesterday for transmission to Brazil to-day
by the steamer Oneida, which will take in all
128,2181. in gold. On the other hand, 22,0001. was
purchased by the Bank.
The Hausa, from New York, has brought
50,0001. in specie for England.
The Melbourne advice+ just to band announce
the shipment of 380,0001. in gold for England.
Some remittances have probably also been made
from Otago, New Zealand.
A portion of the Mexican dollars by the last
packet was sold yestere.sy for China at Oz. 3d. per
ounce, showing a fractional reduction compared
with the recant quotation. The decline is caused
by the expectation of large arrivals of dollars from
Mexico, combined with the receipt of unsatisfactory
advice* from Japan. The China exchanges and the
price of Mexican dollars in Shangliae are also flat..
The residue of the dollars by the present oppor-
tunity, although intrinsically of the same value as
the rest, was disposed of at fic. Id. per ounce, owing
merely to their having been coined at a new mint
in Mexico, and being consequently unsuitable for
China.

The share list of the LandrMortgage Bank of
India was closed yesterday, with applications for up-
wards of a million of shares, the number to be
allotted amongst the public being only 25,000.
At a meeting yesterday of the Oriental Inland
Steam Company, it was resolved, after considerable
discussion, to issue the present unallotted and for-
feited shares with a preferential right of dividend
not exceeding 8 per cent. The holders of fully
paid-up shares and C shares are to have a preference
in the allotment.
We understand that the directo:e of the Bank of
Otago (Limited) have resolved immediately to
reduce the nominal amount of the shares of that
bank from 100 t. to 20f.

The directors of the Metropolitan and Provincial
Bank having been invited by several of the leading
manufacturers of Macclesfield to open a branch in
that town, have taken premises, and will shortly
commence business there.
The annexed communication is from the brokers
to the Imperial Privileged Union Bank of Austria :