The Express.
London, England, 1863-10-31 00:00:00

MONEY MARKET.-(THIS DAY.)

Two o'CLooL

Business in the Stock Exchange to-day is very
limited, owing partly to the circumstance that
Monday next is a holiday in that establishment.
The funds remain quiet, at former prices: the
coming monthly settlement engages attention. The
railway market is less strong than yesterday, and
in some instances a reaction from the late im-
provement is observable. The speculative kinds of
foreign stocks, incluaing more especially Mexican
and Spanish Passive, have again suffered from
realisations by dispirited holders.
Consols are now quoted 93 to 1, both for money
and the account (Nov. 5). The official business re-
port is as follows :—Three per Cent. Consols, for
money, 931, 93 ; ditto, for account, 931, 93 ; Three
per Cents. Reduced, 91/, 1 ; New Three per
Cents., 911, ; India Five per Cent. Stock, 104 ;
ditto Four per Cent., 1001, ; ditto Four per
Cent. Debentures, 1864 or 1866, 1001, 1 ; Four
per Cent. " enfaoed" rupee paper, 98i, 98 ; ditto
Five per Cent., 106}, 107 ; ditto Five-and-a-Half
per Cent., 1151 ; and Exchequer Bills, Is. die.,
2s. prem.

Mexican Bonds have fallen I per cent., being
now quoted 401 to 41. Spanish Passive are
worse than yesterday afternoon, at 35 to 1.
Greek Bonds are comparatively steady at 30 to 1 ;
and Turkish Consolids 1 lower, at 53 to 1. Anglo-
Turkish Bondsremain steady, the issue of 1854 at 92
to 93 ;that of 1888 at 701 to 1 ; and that of 1862 at 71
to 1. Venezuela Bonds of 1862 are rather flatter.
Transactions are recorded as follows:—Brazilian
scrip, 1 prem. ; Egyptian, 1011 ; Greek, for ac-
count, 301, 1, 30 ; ditto Coupons, for account,
141, 1 ; Mexican, 401 ; ditto, for ac-
oount, 411, 401, 41 ; Peruvian, 1862,
for account, 871 ; Portuguese, 1856, 1867, 1869,
1860, and 1862, for account, 50, 491 ; Russian,
1862, 93 ; Sardinian, for account, 891; Spanish,
for account, 55 ; ditto Passive, for account,
351, 1, 1 ; ditto Certificates, for account, 131 ;
Turkish, 1858, 100/. Bonds, 731 ; ditto 1862, 711,
; ditto, for account, 711 ; Venezuela, for account,
26 ; ditto, 1862, for account, 611. 62, 611.
Portuguese scrip is quoted 11 to 2 prem., and
'Brazilian, 1 to 1 prem.

International Financial• ebares are now quoted
sto 54 prem.; General Credit, 24 to 3 prem. ;
London Financial, si to 6 prom. ; Hudson's
Bay, 14 to 1 dis. ; Egyptian Trading, 1i to 21
prem. ; Privileged Union Bank of Austria, i dia. to
* prem. ; Anglo-Austrian Bank, par to f prem. ;
Disoonnt Corporation, 011 to 10 prem. ; Mercan-
tile Credit, 34 to 4 prem. ; and Mortgage Bank
of India, 21 to prem.

The Bogfish and Swedish Bank and the National
Steam Navigation Company have been very
favourably received this morning ; the shares of
the former company are quoted 5i to 6 prem., and
of the latter 5 to bi prem._
__

TIN Mnirns FART I

Consols have declined it per cent., being now
quoted 94 to 93, both for money and the sth
November.

Harz-van Two o'Ciocx.
Consols remain dull, at 921 to 93 for money,
and 93 exactly for the account (November 5).
A meeting of holders of Equador Bonda is in-
vited by the committee for the sth Nov.

The supply of gold in the market not being ade-
quate to the wants of exporters to the Continent,
about 65,0001. in bars was withdrawn from the
Bank of England yesterday for transmission thither,
to pay for silver.
On 'Change yesterday afternoon bills on the Con-
tinent were in demand—probably as a medium of
payment for the silver which is being purchased
there for India—and the rates generally were
lower. Subjoined is our usual list :

Amsterdem; 3 mouths, 11.19 to 4: ditto, 3 days,
ILI7 le l; RoMerdena 3 nose% ILI9 to ;
meetlas, 16.524 le 7; ; Hamburg, ms. Immo, that motto,
13.84petoiParis, 3 days, 25.20 to 74 ; ditto, 3 meths,
25.50 le 7 ; irsekfart-oe-the-Maiee, 3 'mouths, 1194 to
: (pee rouble), 3 asoeths, 3,14 to f ; Timms,
et 80., 3 meths, 1 L 45 to 55 ; Trieste, et 60., 3 Mouths,
1L45 to 56 ; Madrid, 3 mouths, 484 to I ; Oadia, 3 swaths,
484 lo j ; Lee:bons, 3 menthe, 35.65 se 70 ; Ogees, 3
months, 25.65 to 70 ; Milan, 3 months, 25.65 to 70;
Nash" 3 mouths, 25.65 to 70. Palermo, 3 months. 25.65
to 70; Messina, 3 months, 25.65 to 70; 30days,
esi le 63 ; Oporto, 90 data 524 to 53.

The rates of discount now current in the principal
Continental cities (in the open market) are as
follows :—Paris and Hamburg, 5 per oent. ; Vienna
and Turin, 5} ; Berlin and Brussels, 4 ; Frankfort,
31; and Amsterdam, 3 per ceut.
Three new companies, each framed upon •
scale of considerable magnitude, have been
announced. One is the English and Swedish
Bank (Limited). This undertaking enjoys the
support of the London Financial Association,
through which it is introduced. The direction is in
every respect satisfactorily composed. The capital is
2,000,0001., in 40,000 shares of 501. each, but the
Ist issue is to be limited to 20,000 shares, and of
those one half are already subscribed for. The
object is to afford increased banking facilities in
Sweden, where banking accommodation has not
kept pace with the increase of trade. It is also
indended to embark in the large financial transac-
tions between Sweden and England. The existing'
Swedish banks are very profitable.
The National Steam Navigation Company (Li-
inked) is another large undertaking, formed under
the supervision of a Board of Directors, comprising
numerous names of high respectability and practical
mercantile experience. Both London and Liver-
pool are well represented on the board. The
capital is as much as 2,000,0001., in 20,000 shares
of 1001. each. This important project has been
encouraged by the circumstance that a long list of
London mercantile firms of the highest standing,
including Messrs. Rothschild, Peabody and Ca, sad
others of similar rank, have affixed their
signatures to a paper affirming that "a
great and urgent necessity exists for the
establishment of • line of screw steamers
be-
tween the two ports in consequence of the
large and increasing trade between New York
and London &advice versd," and promising tothe line
their hearty support. It is mentioned that "the first
object of this company is to place on the New York
station • fleet of screw steamers from Liverpool and
London, of large size and great capacity, which will
be able to carry almost if not quite as cheap as
sailing vessels, whilst at the same time, from the
regularity of their passages, they will command •
full share of the steam trade, and the directors also
intead sending steamers to the American cotton
porta when the war is brought to an end and the
trade re-opened, and have also under their conside-
ration the wants of the Brazil and other trader."
Especial stress is laid upon the disadvantage under
which the port of London labours through possess-
ing no direct steam communication with New
York.

We have also received a copy of the prospectus
of the City and County Assurance Company
(Limited). This company intends to transact both
fire and life assurance business. It is mentioned
that not more than one-fourth of the property of
the United Kingdom is at present insured, and it
is urged that, with the probability of a reduction in
the duty on fire insurance in the next session of
parliament, a lucrative busineas must be transacted
by new establishments founded upon just and
equitable principles. This company will not be
guided by the tariff rates of the old oompanie•--thie
being an essential point in its programme. At the
same time it is believed that the company will in-
terchange bustinesa profitably with the associations
which have been established since the great fire in
Tooley.street, and whose success, under a revised
tariff, has, it appears, encoursged the for-
mation of the present undertaking. Exten-
sive promises of co-operation and support