The Express.
London, England, 1862-11-22 00:00:00

MONEY MARKET.-(THIS DAY.)

Two o'CLool.
The funds to-day are firm, at the slight improve-I
meut which took place yesterday. The other mar-
kets
are well supported, although there is a general
deficiency of business. Two or three of the prin-
cipal English railway stocks are somewhat higher.
As regards foreign securities, prices are quoted in
nearly all instances the came as yesterday.
Consols are now quoted 934 to I, son div. for
money, and 924 to lex div. for the account. The
official business report is as follows :—Three per
Cent. Console, for money, 93#, 3 ; Three per
Cents. Reduced, 92} ; New Three per
Cents., 921, 92, 1; Thirty Years' Annuities,
1885, 154 ; India Five per Cent. Stock, 1091, ;

ditto for account, 1071, ex div. ; ditto Four per
Cent. Debentures, 1864, loot ; Five•and-a-Half
per Cent. " sawed " rupee paper, 112 ; Exchequer
Bills, June, lls., 12s. prem. ; ditto March, Bs.

prem.
Business in the foreign stock market has fallen

off, but prices remain steady. The Turkish Loan of
1864 is quoted 831 to 84 ; that of 1858,
MI to 1 ; the scrip of 1862, 14 to 11
prem. ; ditto, paid-up, 694 to ; the
Consolid6s, 381 to 1 ; Peruvian Scrip, 11 to 14 dig. ;
Venezuelan Scrip, 1.1 to 14 dig., ex div. ; Portu-
guese Scrip, 21 to 31 prem. ; and Russian Scrip,
to dia., ex div. Greek Bonds remain
firm. New Granada Land Warrants are dull.
_ .

Transactions are recorded as follows :—Egyptian,

second issue, 89}, ; Greek, 17 ; Moorish, Oil ;
New Granada Land Warrants, 51 ; ditto
ex overdue Coupons and Hectares, 12/ ; Por-
tuguese, 1862, 47 ; ditto scrip, 3,2/ prem. ;
Russian, 1859, 601, ex div. ; ditto 1862, scrip, / die.,
ex div. ; ditto paid up, 93/, exdiv. ; Spanish Passive,
221 ; Turkish, 1854, for account, 84 ; ditto 1858,
for account, 701 ; ditto 1862, paid-up scrip, 69j,

; Venezuela Three per Conti, for account, 20,
243, ex all ; ditto Six per Cents., 1862, scrip, 1}
die., ex div.
The Wellesley, with 136,800/ in gold, has
arrived from Melbourne. _

HALs-nar Two o'CLoci.
Console close without change, being quoted
94 to I, Cl4/P1 div., for money, and 92} to I, ex div.,
for the account.

The discouut market remains in much the same
condition as last reported. Good bills are taken at
2k per cent. At the Bank of England business yes-
terday was limited. The impression remains, how-
ever, that an advance in the minimum at that
establishment to 3i per cent. will take place at an

early date.
The amount of gold bought from the Bang
yesterday for exportation was 40,0001. The
100,721 oz. of Australian, worth 403,0001., by the
Great Britain, and the 92,0001. by the Edinburgh,
from New York, making together 495,0001., have
already been taken for transmission abroad, prin-
cipally to pay for silver.
The Bombay exchange comes quoted by the
present mail 2s. lid. This quotation shows a
further, though slight, adverse movement sines the
receipt of the previous &deices. There is no doubt,
however, that the shipments of silver by the next
outward Bombay steamer will exhibit a large falling
off, compared with the enormous total despatched
by the Ellora on the 12th inst. It will probably
take fully a fortnight at Bombay to coin that large
amount into rupees, and were exporters to for-
ward a similar sum by the next opportunity it
would for a time remain useless at that port.
Nevertheless, should the demand for Indian cotton
continue in full force for some time to come, as is
anticipated, remittances of silver from this country
must continue on a corresponding scale.
The foreign exchanges yesterday afternoon pre-
Rented no alteration of much importance, but the
demand for the medium of remittance to the
Continent continues. The rates were as follows :
Amsterdam, 3 months, 11.161 to 1 ; ditto, 3 days,
11.131 to 14 ; Rotterdam, 3 months, 11.161 to ; Ant-
werp, 3 months, 25.40 to 21 ; Hamburg, ms. bunco, three
months, 25.61 to / • . Paris, 3 days, 25.121 to 20; ditto,
3 months. 25.371 to 421 ; Frankfort-cm-the-Maine, 3 months,
1181 to 119 ; Petersburg (per rouble), 3 months, 341 to 35 ;
Vienna, elf. flo., 3 months, 12.40 to 50 ; Trieste. elf. go.;
3 months, 12.40 to 50 ; Madrid, 3 months, 491 to 1 ; Cadiz,
3 mouths, 49 tot Leghorn, 3 months, 23.5 to 60
Genoa, 3 months, 23.55 to 60 ; Milan, 3 months, 25.55
to 60 ; Naples, 3 months, 391 to 1 ; Palermo 3 months,
1191 to 1 ; Messina, 3 months, 1191 to 1; Lisbon, 90 days,
521 toe ; Oporto, 90 days, 521 to 1.
At Paris the rate of discount in the open market
is now 3} per cent. ; Vienna, 6 ; Hamburg and
Turin, 5 ; Amsterdam and Brussels, 4 ; Berlin,
34 ; St. Petersburg, 511 ; and Frankfort, 3 per cent.
It appears from the advices by the New York
packet that the exchange on London had been
as high as 147 in the interval between the two
mails, but the latest quotation is 1454 to 146.
In the New York stock market prices gave given
way, owing probably to the news that General
M'Clellan has been relieved of the command of the
army. The chief reduction was in Illinois Central
Railway shares, which have fallen from 80—the
quotation by the previous mail—to 77.
It is a somewhat curious coincidence, besides
being interesting in other respects, to notice that
both General M'Clellan, who has just been relieved
of the chief command of the Federal army, and
General Burnside, by whom he has been super-
seded, were, prior to the war, employed iu the
service of the Illinois Central Railway Company.
M'Clellan officiated as general superintendent, and
Burnside as locomotive superintendent.
Upwards of 3,5001. was yesterday paid into
Messrs. Masterman's on account of the Stock Ex-
change subscriptions to Lord Derby's central relief
fund in aid of the Lancashire distress.
A new bank is announced under the title of the
London and Northern Bank (Limited). The capital
1,000,0001., in 10,000 sharesof 1001. each, of which
it is not intended to call up more than 25/. per
share. (The first issue, however, is limited to 5,000
shares, awl as, up to last night, applications had
been lodged and the deposit paid upon 3,000, even
before the advertising of the prospectus, it is cer-
tain that the project will be established. Operations
are to be commenced in, the first instance
in those busy and rising towns, Leeds,
Newcastle-on-Tyne, Hull, and Middlesbro-on-
Tees. It is stated on good authority that a
deficiency of banking accommodation has really
been experienced in that part of the kingdom, more
especially since the winding up of the Northumber-
laud and Durham Bank, and the unquestionable
growth of the trade of the district tends to corrobo-
rate this view. Negotiations are pending for the
transfer to this establishment of the business of two
private banks in the north. The board is respectably
composed, and not of a hackneyed character.
The Great Indian Peninsula Railway Company
invite applications for 500,0001. of guaranteed 44
per cent. debentures for seven years, dating from
the lot January next. Owing to the satisfactory
premium at which the guaranteed 5 per cent. de-
bentures stand, the rate of interest offered on new
issues of these securities is now lowered by >j per
cent.
The second half-yearly meeting of the Loudon-
bridge Railway Terminus Hotel Company is called
for the 28th inst., when a satisfactory report will
be presented. The balance available for disposal is
4,3531., being equivalent to 14 per cent. per annum
upon the subscribed capital. A dividend at the .
rate of 10 percent. per annum is recommended.
Mr. James Allan, of the Peninsular and Oriental
Steam Navigation Company, has been elected a
director of the National Bank, in the room of the
late Mr. Brodie M'Ghie Willcox, M.P.
The Great Eastern Railway tnffic return shows
this week a decrease of 2581., and the Caledonian
an increase of 484).
The receipts of the Great Western Railway of
Canada for the week ending the 7th instant were
13,0291. sterling, being 1,6481. more than iu the
corresponding week of last year.
The Emigration Commissioners will receive
tenders on the 27th inst. for the hire of a ship to
convey emigrants to Melbourne.