The Express.
London, England, 1864-01-13 00:00:00

No. I

'T.-(THIS DAY.)

Two o'Clzocs.

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The stock markets to-day are very dull and
inactive. The general tendency is heavy, owing to
the uncertain position of foreign politics, and to
the drain of bullion to France and the
East The funds remain at yesterday's
reduced quotations. Home railway stooks are rather
lower. The decline in foreign stocks is not impor-
tant, but the tendency of prices is downwards.
At Paris this morning, according to Mr. Renter's
telegram, the Three per Cent. Renter were quoted
66fr. 70c., showing a reduction of 4 per cent. com-
pared with the last price of yesterday.
Consols are now quoted 901 to 1, for money,
and 90/ to 91 for the account (February 4).
The official business report is as follows:—Three
per Cent. Consols, for money, 901, 4, 1,4 ; ditto,
for account, 914 ; Three per Cents. Reduced, 901,1;
New Three per Cents., 901, 4,1, 4 ; Bank Stock,
235 ; India Five per Cent. stock, 106, 4 ; ditto
Bonds, 4s. prem. ; rand Exchequer Bills, par, 4e.
prem.
Foreign stocks are flat, with little business.
Mexican Bonds are 9 per cent. worse, at 35 to 9,
Spanish Passive 4 lower, at 339 to 4, and Turkish
of 1862 9 lower, at 691 to 709, ex div.
Turkish Consolidfa are supported at 461
to 1. Other foreign stocks are quiet
Transactions are recorded as follows:—Brazilian
Old Five per Cents., 104 ; Egyptian, 1004 ;
Greek, 234, 1; Italian, 674, es div. ; Mexi-
can, 354, 1, 95 ; ditto for account, 354, 9 ;
Portuguese, 1856, kc., 479, 4, ex div. ; Russian,
1822, 919 ; Spanish Pasaive, 33/, 9 ; ditto,
for account, 334, 4; ditto Certificates, 131,
4, 4 ; Turkish, 1858, 691 ; ditto 1862, 679, 67, ex
div. ; ditto 1001. Bonds, 674, ex div. ; Venezuela,
231; ditto, 1862, 544.
International Financial shares are quoted 44
to 1 prem. ; General Credit, 29 to 4 prem. ; Lon-
don Financial, 104 to 1 prem. ; Hudson's Bay,
164 to 17, ex div. ; Egyptian Trading, 11 to 14
prem.; Merchant Banking, 31 to 4 prem. ;
Land Mortgage Bank of India, 2 to 9 prem. ;
English and Swedish Bank, 4 to 14 prem. ;1
East London Bank, 29 to 1 prem. ; Consolidated
Discount Company, 1 to 4 prem. ; West India
and Pacific Steam, 14 to 11 prem. ; Mauritius
Land Credit and Mortgage, 1/ to 1/ prem.; Mer-
cantile Credit, 4 to 5 prem. ; Discount Corpora-
tion, 31 to 4 prem. ; Contract Corporation, 21 to 3
prem. ; Anglo-Italian Bank, 1 to 14 prem. ;
National Steam, 1 to Of din. ; and Australian
and Eastern Steam, 11 to 2 prem.
The large sum of 268,0001. in geld—viz., 186,000
sovereigns and 82,0001. in bare—was withdrawn
from the Bank yesterday for exportation. This
amount is understood to be for the Bank of France,
anti it is said that a contract has been entered into
with houses here for the transmission to that
establishment of no less than 2,000,0001. sterling.
Although only a portion of this amount will pro-
bably be drawn from the Bank of England, it is
thought that a considerable sum may be taken out
to-day.
The discount market yesterday was moderately
easy, and although there were tome indications of
a revival of the demand, in connexion with the in-
creased movement of silver to India and of gold to
France, good bills were taken at 61 per cent, The
applications at the Bank of England were mode
rate. Should the drain of gold from the Bank
of England continue, however, it will occasion not
only a tighter money market, but also in all
likelihood an early advance in the Bank of
England rate of discount. The position of the
Bank of France is certainly calculated to inspire
caution and even anxiety. The latest "d-
-eices affirm that the bullion in that mud>.
lishment has now been drawn down to
only about 150,000,000 francs, or say 6,000,0001.
sterling. Considering the activity of the drain,
there can be no doubt that the French Bank ought
before now to have raised its rate of discount to 8
per cent, if not to a still higher point Apart,
however, from the ordinary desire of the council to
make the financial situation look as cheerful as
possible, they are now doubtless influenced bi a
fear lest they may impair the Buoceiut of the im-
pending government loan. Instead, therefore, of
adopting the legitimate resource of an advance in
the rate of discount, they fall back upon the expe-
dient of drawing gold from the English and other
( neighbouring markets, at the same time, it is to be
feared, keeping in circulation the mass of bank
notes, the magnitude of which, in relation to the
amount of bullion, constitutes the gravest element
in the position of this establishment.
The monthly return of the Bank of France will be
published next Friday morning. It is looked for
with much interest.
Some of the Paris &deices affirm that the new
French Loan of 12,000,0001. will probably be an-
nounced next week. Until this operation is com-
pleted it is probable that every possible effort will
be made to keep up prices on the Bourse.
Telegrams from Calcutta announcing an import-
ant rise in the exchange, there was a very active
demand yesterday for bar silver for transmission
thither, and the price rose to se. 2d. per ounce.
The supply here, however, is very limited, and
fresh supplies will doubtless have to be imported
from abroad. The remittances both by the French
steamer from Marseilles on the 19th inst., and by
the English packet from Southampton on the 20th
idem, are expected to be large. The quotation of
exchange from Bombay shows no movement of
im&rtame.
shipments of specie by the steamer Syria,
which left Southampton yesterday, reached the large
total of 610,911 L, of which 411,3711. was silver
and 65,9001401 d for Bombay, and 133,6401. gold for
Alexandria. A further considerable sum is ex-
pe..,ied to be despatched by the corresponding
steamer from Marseilles on the 18th inst.
The Mexican dollars by the steamer Shannon
were sold yesterday for China at ss. 2d. per ounce,
showing a rise of Id., oompared with the price
liobtained for the previous supply. In the interval
very little business has occurred.
The Bavaria, from New York, has brought
21,0001. in specie for England.
The foreign exchanges yesterday afternoon were
generally rather firmer. The rates were as follows :
Anstardam, 3 months, 1L199 to 12; ditto, 3 days
ILIB9 to 179; RoUsrdam.3 emus, 31.199 to 12; Antwerp,
sew 25639 to 71: Bombay, ma bane°, Arse wiestbs,
13.79 to ; PIN* 3 dap, 25.25 to 329 ; ditto, 3 mouth,
25.70 to 5 ; Fnakfort-oa-thollaies, 3 months, 1199 to
9 ; SA. Petersham iper rouble), 3 mouths, 339 to ; ream.
alf. do., 3 asestias,l2.33 to 45 ; Trieste, ee. do., swathe,
12.35 to 45 ; Madrid, 3 mouths, 479 to 4d; Cadis, 3 sacoths,
479 to 48 ; Leghorn, 3 months, 25.821 to 90 ; Oases, 3
maths, 25.829 to 90; Miles, 3 months, 25.824 to 90;
Naples, 3 mouths, 25.829 to 90 ; Palermo, 3 mouths, 15.899
to 90 ; Ifessios, 3 maths, 25.521 to 90 ; Lisboa, 90 de's,
6filto 9 ; Oporto. 90 dors. 524 to 9.
The oommittee of the Stock Exchange have ap-
pointed Friday next a special settling day in the
shares of the Littlehampton, Havre, and Honfleur
Steam Ship Company (Limited), which, however, are
motto' re
marked, and no shares are to be bought in
without the sanction of the committee.
The first annual drawing of 4 per cent. of the
gross amount of the first mortgage bonds of the
Pennsylvanian section of the Atlantic and Great
Western Railway took pikes yesteeday in the renew=
of Mr. Grain, public notary, when 80 bonds, repro-
meeting 1,000 dollars each, to be paid at the rate of
2251. per bond, in addition to the coupon
due on the let of April next, were drawn.
Twenty-four bonds of 500 dohs. each. payable at the
rate of 1121. 12s. per bond, in addition to the
coupon already specified, were also drawn, as were

likewise 80 bonds of 100 dole. each, payable at tb
rate of 221. 10s., also in addition to the coupon doe
on the above-mentioned date, when all interest apes
the bonds so drawn will cease.
The Turin and Savona Railway Company have
announced the half-yearly interest at the rate of
per cent. per annum on their shares.
The first ordinary general meeting of the Joint-
Stock Discount Company (Limited) is called for the
25th inst.
There WM a demand yesterday for Virginia Sterling
Five per Cent. Bonds, a rumour being circulated
that the State authorities are endeavouring to make
arrangements for the resumption of the payment of
the dividends.
Notwithstanding the generally depressed state of
the stock markets, the prospectus of the Anglo-
4talian Bank has been received with marked
favour, and the applications are already sufficient
to ensure the establishment of the undertaking.
The "letters of regret " of the Contract Corpo-
ration (Limited) have been distributed. The letters
of allotment will probably be sent out to-morrow
evening.
We are assured that the applications for the
shares of the Australian and Eastern Navigation
Company (Limited) are already considerably in
excess of the amount of the Company's capital.
We are requested to state that the share list of
the Grand International Hotels Company will be
closed to-morrow, the 14th inst.
It is notified that the list of applications for the
reserved shares of the Oriental Commercial Com-
pany (Limited) will be closed on Friday, the 16th
mitten _ .

Subjoined are the quotations of insurance, gas,
dock, and other shares, as given in the Stock
Exchange list of last evening :
lnetwance.—Alliance British and Foreign, 154 ; British
and Foreign Marine (Limited), 41; Eagle, 66 ; Indemnity
Marine, 143 ; London. 48 ; Omen Marine, 194 to ;
beaaii, 131 to i ; Hock Lite. 8 ; Thames and Mersey
Marine (Limited), 7; to 64 ; 'Guinea' Marine (Limited),
54,4 4.
Gunght and Coke.—European, 151 to 15 ; ditto Ni.
34 ; Imperial, 83, en April die. ; New ditto, 72 ; imperial
ContinestaL 884 to 4 ; London, 86 ; Malta and Mediter-
ranean (Limited), ; Pboairz, 124 to 4 ; Western, 17
16f to 174.
Doeks.—Funt and West India, 145 ; London, 72!, 2 to 3 ;
St. Katharine, 71 to A ; Southampton, 63.
Waterworks—Berlin, 84 to 84 ; Grand J unction, 75.

TOVIDAT Emma.
Console, which closed yesterday at 91 to / for
the 4th Feb., opened this morning at the same
quotation, and closed at 901 to 91. For
money the last price was 901 to 1. The
official business report is as follows --Three per
Cent Consols, for money, 901, 91, 901, ; ditto
for account, 911, 91 ; Three per Cents. Iteduoed,
91, 901 ; New Three per Cents., 901, 91, 901;
New Five per Cents., 106 ; Bank Stock, 217 ; India
Stock,_2ls ; ditto Five per Cent. Stock, 106 f, } ;
ditto Four per Cent, 100} ; ditto Bonds, par ; ditto
Four per Cent. Debentures, 1866, 991 ; Five per
Cent " enlaced " rupee paper, 104.
The India Five per Cent. stock was steady.
Exchequer Bills were supported at par to 411. prem.
The market for bank shares was rather heavy,
and a decline varying from os. to 10s. per share
has taken place iu many descriptions, including
Agra, Alliance, Brazilian and Portuguese, Char-
tered Bank of India, Australia, and China, London
and Brazilian, London and Colonial, Loudon and
South African, London and South American, Metro-
politan and Provincial, and Union Bauk of Australia..
Anglo-Austrian Bank have declined to / dig. to }
prem. London and Westminster Bank and Oriental
Bank formed an exception, rising about
1/. With the exception of Crystal Palace
Stock, which was inquired for, miscellaneous
shares were likewise flat. A reduction was
quoted in British Indian Tea, Discount Corpora-
tion, East India Irrigation, Joint-Stock Discount,
National Steam, Rio Improvements', and Hudson's
Bay, the latter closing at 161 to 17} ex div.
The shares of the London Financial Association
were again in request, and rose 10s., closing at 101
to 11 prem. International Financial were dull at
4e to 43 prem., and General Credit at 21 to 2/ prem.
Ocean Marine shares were last quoted to-day
14} to 1 prem. ; Thames and Mersey Marine, 41
to si prem. ; Universal Marine,
31 to 1 prem. ;
Commercial Union Assurance, to 4 Pre=
and North British and Mercantile nsurance, 18}
to f.
English and Swedish Bank shares were last quoted
}to 14 prem. ; Laud Mortgage Bank of Indiai
2 to 2} prem. ; Mauritius Land Credit, I to 1
prem. ; Mercantile Credit, 4} to 5 press. ; Wes
India and Pacific Steam, 1} to 2 prem. ; Aus-
tralian and Eastern Nasigation, to 2/ prem.;
Contract Corporation, 21 to S prem. ; Merchant
IBank, 3} to 4 prem. ; Discount Corporation, 3.1
to 41 prem. ; Consolidated Discount, 1 to g prem. ;
Grand International Hotels, fto 1 prem. ; Tamar
and Callingtou Railway, }to f prem. ; Mercan-
tilelDimoount, 1/ to 2} prem. ; British and Foreign
Contract, 11 to If prem.