The Express.
London, England, 1864-12-26 00:00:00

MONEY MARKET.-(THIS DAY.)

The fortnightly settlement in shares and foreign
-:ocki will commence to-morrow, "continuation
and end on Thursday.
Ile amount of Government bills on India for
I, tenders will be received at the Bank of Eng-
,i on the 4th of January will be 30,00,000 rupees
The directors of the National Provincial Bank of
E'..,:land hare presented to all their officers and
..,r6s a bonus of 10 per cent., and, in addition, " •
:fatuity" of 5 per cent. upon their salaries. It is
; . be hoped that the directors of other companies
follow this laudable example. The merits of
• ,corking bees are too often overlooked.
lith report of the directors of the Oriental
Steam Company (Limited) to be submitted
...Jr annual meeting on the 29th inst., expresses
; ....ttivfaction of the board at finding that the net
- ~103 on the working of only two steamers on
ludus hare defrayed- all charges at Kurrachee,
11 oltan, and the sub-agencies, as well as those of
. London office, and, after charging depreciation
• insurance at 10 per cent on the value of the
• employed in earning revenue, leave a balance
0133/. to be carried to next half-year's.account.
A belief is expressed that at this time next year
11,e board will be able to recommend the payment
a dividend.

A new undertaking has been formed under the
• •'.. of the Street Rolling Stock Company (Limited).
I. object is to build, buy, sell, repair, and let on
.r carts, waggons, vans, drays, and other vehicles
-e.I for ading purposes. The chief branch of ope-
rltlolls contemplated is the letting of such vehicles
, hire, the rents being paid in advance. It is
tuteSout that contractors and builders often re-
.,re for a limited time a heavy plant, which is
.1-11.dly bought and resold at a considerable loss
when the works undertaken are completed. An
arrangement has been made with Mr. Frederick
Krui.rwell, of Upper St. Martin's-lane, who be-
comes the general manager. The capital proposed
1- L'At.l,ooo/., in 20,000 shares of 101. each, one half
,r which are to be issued at present.
The half-yearly meeting of the London and
t;rrenwich Railway Company is convened for the
January, when a dividend will be reoom-
mewled for the half-year on the original stock of
. Id. per cent., or ss. sd. per share, clear of
income tax.

The directors of the South Australian (Land)
company have notified that the half-year's dividend
dt the rate of 7 percent. per annum will be payable
:1 the 14th of January.
3le=srs. Glyn, Mills, Currie, and Co. have an-
houu,sod the half-yearly interest due the 2nd
January on the Canadian Consolidated Five per
Cent. Stock.

The half-yearly interest is announced on the
)le bourne and liobeon's Bay Railway Company's
dcbenturee.

The bullion department of the Bank of England
was closed to-day, as well a 4 the diaoount-office.
The China, from New York, has brought
120. W. in specie.
Mr. James Low's Indian Circular gives the fol-
lowing statement of the amount of specie shipped
to the East from Great Britain during the last 14
jars :

Gold. &Ivor.
1.551
1952
1953
1854
1855
19:5*
1957
1858
1844
1860
1,61
1.;,
1,43
1:•64
1:15,014.415 0106,371,764
In addition, during the last 12 years, the following
shipments of specie and bullion have been made to
the East for the Mediterranean ports :
Gold. Silver.
18.13
1.414
243,239
74.039
1,.-.7
1 Nizi
18.9
1860
1961
• 1.62
• 1863
• 1,64

£13,428,233 L 35,212,370
• Includes shipments per steamers of the Ilessaneries
I mp,"riales.

It will be seen from the above statements that
the shipments from Great Britain in 1864, not-
withstanding the state of the cotton trade, have
been less than they were in 1863, 1862,1860, 1837,
and 1856, but the se aud table shows an enormous
increasein the movement of bullion to the East riu
Marseilles. Taking this into account, the total
exports of specie and bullion from Franoe and Eng-
land have been far larger this year than they ever
were before. It must be borne in mind, however,
that the term "to the East" includes Egypt, to
which quarter about three-quarters of a million
sterling is stated to have been despatched during
the present year by the Peninsular and Oriental
steamers, but no less than 3,368,357/. in gold, and
113,4401. in silver from Marseilles by the steamers
of the Mestageries Imperiales.
Mr. Los s circular further gives the amount of
bills drawn by the home government on the Indian
treasuries during the present year at 7,805,276/.,
against 9,805,1141. in 1863. Had it not been for
these bills, a like amount of bullion, in addition to
the sums already enumerated, would doubtless
have been despatched from this country to India.

The LermaHerald of the 14th inst. contains the
following remarks

The suireerip'tion to the loon of the Ottoman Saciet
ne'rale will close on Thursday. The appli..mtos during the
week hare, we learn, fully realised the expectations of the
contractors, though a coosidenble balance of the amouot
offered to the public yet remains to be covered. The annual
Finking fund drawing of the TAhvilatimemtsre began yes-
terday at the Stamboul branch of the Ottoman Bank, in
the presence of two eroployin of the Ministry of Finance,
the members of the European sod native Commiseion, and
about thirty local mmHg, merchant', and other spectators.
The whole of the 100 lira hoods now redeemable-1.131 in
number—CT. 113,100—were drawn : and on Thursday,
when the tinge will be completed, 506 of 10 lira' each and
MET of 10 liras—makiog respectively LT. 24,.100 and
CT. 5.970—wi1l be sinularly ballotted for redemption. This
total of tr. lAno will, with the year's interest of
63,061 t, be payable oo the lit (13th) proximo.

. . -
With reference to the position and prospects of
the money market, the circular of Messrs. Joseph
Travers and Sons contains the following:

It is remarkable that, after all the anxiety and pres-
sure of the year, and the apprehend= that was at one
time expressed in several quarters that the worst would
not be witnessed until November sail Dessenier, we DOW
hod ourselves actually restored to what may almost he con-
sidered a normal oositioo. The bullion in the Bank is about
100,000/. in excess of its amount at the same date of 11153,
and the reserve instructor by half a million ; while. at the
same time, there is the important consideration that the
toidency, unlike that which prevailed last Christmas, is
still towards improvement. Bat it is nos the posi-
tion of the money market on this side, favourable though
it be, that is the chief cause of coograttilatioe. Twelve
months ago the bullion to the Bank of France was reduced
to a point lower thou had ever beeo known, and with such
a fact in view there could be DO hope of mosey remaining
even in moderate supply is Loodoe. Now the bullion in
the Bank of France is double the amount at which it then
stood, and the rate of discount at that establishment was
accordingly reduced on Thursday to 44 per cent., a state of
ease not experienced at any time within the past year and a
~usrter. In London the rate still remains at ii percent.,
rod oo expectation is entertained that any fresh reduction
will be adopted notil the beginning of the year, hut mikes
sours wholly unlooked-for change of toes should occur is the
iiterval, there seems every probability that a return to 5
per cent. may then be temporarily witnessed. Whether
u,,rion the veer lsWi any contionanes of moderate ratesean
he looked for is a point that will be regarded with much
&OA.

THE CONDENINEU MCRDER CR •T WORCILTTER.
l'uhlie feeling on the snhjeet of the approsehing essestios
,f Jobs Butler, leoteneed to death et the late Worcester-
winter assizes for the murder of the housekeeper.
r.o.line Gulliver. at Bolt, roes rsthor high in raisin
.artery, and a memorial to the Home Secretary for a
rerriela is in course of sigmiture. A mibbe meeting in
calked of here to address the Queen, but in the mean time
:Le allotted days of the prisoner are narrowing to a close,
.14 i•teparatioe• are being mails for the execution, which,
as i.Ztti.dy staled, is fixed for Tberday week.