The Express.
London, England, 1853-02-24 00:00:00

MONEY MARKET.

Wmnasnat Evixixe.
The English funds again showed much firmness
to-day, the reports of political complications on the
continent having little or no effect. Support conti-
nues to be given to the market by the steady opera-
tion of the Sinking Fund. A report prevailed yes-
terday afternoon and to-day that the Bank of Eng-
land was making advances on government securities
at 2 per cent. per annum, for the presumed purpose
of easing the money market whilst the reduction of
interest on Exchequer Bills is being carried through,
but up to this afternoon there was no foundation for
the report. The Bank has not yet issued its notice
specifying the rate at which it will make advances
during the next shutting of the books for government
stocks, this being too early a period of the quarter''
for the announcement. Money " out of doors" ap-
pears to be rather tight, without, however, any
marked upward tendency. There are still parties
who look with apprehension to the chance of a
further raising of the discount rate by the Bank, but
in the best-informed quarters, notwithstanding the
incertitude by which the proceedings of the director'
are generally characterised, it is not believed they
will attempt any further change for the present. In
the railway market the chief feature, as several
times referred to by us, is the continued shortness of
stock for delivery. This was " baying-in" day, but
the amount bought in was very trifling. Numerous
names, however, overdue from last account, were
posted, and tended to raise prices.
Console opened 993 to 1 for money, were invested
in by the government broker at 991, and after
991, closed, with a steady appearance, at
991 to for cash, and 991 exactly for the 10th March.
Money tininess was rather more active to-day. The
official price list is annexed :—Three per Cent.
Consols, for money, 994, 3, 1- ditto for account,
991, f. Three per Oentit. T. d, 1003,
Three-and-a-Quarter per Conte., 1031, 3,3, it 3.
Long Annuities, 1860, 63, 1. Bank Stock, 226,
2273.

The market for Exchequer Bills remains in much
the same position as before reported. The dealings
in the June issue were at 10s., 155., and 20s. prem.,
the closing price being Si. to 15s. prem. only. In the
advertised bills there were transactions at 11s., 55.,
and Bs. prem. In the afternoon, the broker who
usually acts for the government as well as for the
Bank of England and other large b inking institutions
offered 9s. prem. for 50,0001. March Exchequer
Bills without being supplied. India Bonds mark
40s. and 455. prem. •

In the foreign stock market the chief feature was
a rise in Turkish scrip, which closed 1 to 11 prem.,
on intelligence, cid Paris, that the Porte has decided
to grant an indemnity, with 6 per cent. interest, to
the holders, or to ratify the loan under the terms of
the Orman of August last. Mexican, Spanish, and
all the good dividend-paying stocks are good.
Swedish scrip, however, is heavy, owing to the
third instalment of 20 per cent. falling duo on the
Ist March. Business in this department is restricted to
afew stocks only. The prices of actual business are sub-
joined : Dutch Four per Cent. Certificates, 99. French
Four-and-a-Half per Cent. Rennie, 105 f. 250. (ex-
change, 25f. 20c.); ditto, Three per Cents., 80f. (ex-
change, 25f. 20c.) Granada Deferred Bonds, 111.
Mexican Three per Cents., 24, 231. Sardinian Five
per Cents., 95, 94g. Spanish Old Three per Cents.,
48, 47, 481; ditto Passive (Converted), 61; the Com-
mittees Certificates, 51, 51, 61 per cent. Swedish
Mortgage Loan, 11, 2 dis. Turkish Six per Cent.
Scrip, 1, lb 1 prem.
The Three Bells, arrived in the Downs to-day from
Port Philip, whence she sailed on the 28th October
with 77,803 ounces of gold, worth fully 310,000!.
Other vessels, bringing large quantities of the pre-
cious metal, must also be close at hand. Several
weeks back we published a statement of the total
quantity of gold actually known to be on its way
home from Australia, which we now repeat, viz.:—
Where from. Date of Gold on board.

tailing. Ounces:
Chowringhee, Melbourne .... Oct. 23 .... 63,713
Throe Be.L ditto
Oriental Sydney .... Oct. 21 .... 7,119
Alert
Bloomer ditto
Roxburgh Cattle, Port Philip, Nov. 15 ....168,000

Total ouneai 370,487

The value of this at 4L per ounce is 1,481,8681.
Of these vessels the Bloomer and Three Bells have
arrived ; the Chowringhee put into Pernambuco, and
sailed thence on her homeward voyage on the 21st
January; and it may be fairly assumed that the
whole of the outstanding vessels will come in almost
immediately. Considerable interest is expressed to
learn the amount of gold now afloat and on its way
to England, but as the above sums include the entire
shipments as yet advised, it is clear any further
shipments must form the subject of mere con-
jecture. Between the present date and the end of
the first week in March, it is confidently expected
that the Sydney steamer will be in, and that she
will be quickly followed by the Great Britain • but
it must not be forgotten that all vessels, whether
sailing craft or steamers, have to encounter the moat
serious difficulties in getting away, and that conse-
quently the period of their arrival is involved in un-
certainty. Some people estimate that the Sydney
and Great Britain steamers must now be on their
way. home with fully three million sterling in the
precious metal, and proceeding to enumerate the
sums known, and others presumed to be shipped up
to this date, arrive at the conclusion that there
cannot be less than from five to nix millions sterling
worth of gold actually en rouge.
We are informed that a combination of capitalists
in Madrid, Paris, and London has been formed to
furnish the caution money for a line of railway to
be formed from Madrid to Bayonne, thus completing
the means of ready intercourse between all the capi-
tals of Western Europe from Amsterdam to Madrid.
It is obvious that this will have a most important
bearing on commercial interests.
The amount of bills drawn by the East India

. - -
Letters from Oilatz, dated the 9th inst., mention
that although the temperature was considerably
lower, the Danube still continued open, with no ap-
pearance of ice. The transactions of the past fort-
night had been of a very limited character, at prices
generally rather in favour of the buyer, particularly
as regards Galatz wheat and Indian corn. 'brad
wheat, on the contrary, owing to light stocis and its
improved estimation in Great Britain, fully main-
tained its previous value. A few small foreign
vessels had come up during the past fortnight, but
none were offering for charter. On the spot 15s. 6d.
would be readily paid; next month, however, seve-
ral arrivals were looked for, and lower rates were
expected to prevail. Exchange on London was in
good demand at 94 to 941.

The annexed particulars relative to United States
loan affairs are extracted from the circular of Messrs.
Cammane and Co., of New York, received b 3 the
Africk and dated the iltit inst.:
Zrie Railroad Sororities, which had rather a downward
tendency, are again firmer, in consequence of the announce-
ment of the negotiation of a new 7 per cent mortgage loan,
redeemable in 30 years. The price at which the sale was
effected, has not transpired. This will make the total lia-
bilities of the company 30.000,000 dole. as follows:—First
mortgage, due in 1868, 3,000,000 dole. ; second ditto, ditto
1859, 4,000,000 dole. ; third ditto, ditto (new loan),
3,000,000 dole. ; home Bonds, due in 1855, 3,000,000
dole.; Convertible loan, due in 1862, 3,600,000 dell.; ditto
ditto, ditto, 1871, 3,500,000 dole ; Certificate Debt, 1855,
500,000 dole.; capital stock, 9,500,000 dole. It is stated
that the new mortgage authorises the issue of 10,000,000
dole. of bonds, and that the proceeds of the recent sale are
to be applied to the liquidation of the present floating debt,
amounting to about 2,000,000 doll., and to the laying of the
second track, the construction of which is to be pushed
forward with energy ; 4,000,000 dole. are reserved fur the
payment of the second mortgage, due in 1859, and the re-
maining 3,000,000 dole. will not be issued within twelve
months. The receipts of the road for January were
304,151 dole., being an increase of 132,710 dole. upon those
of the corresponding month of last year. The state of
North Carolina adverting for proposals for 500,000 dole. of
I per cent. coupon bonds, redeemable Ist January, 1883,
and payable in the city of New York. The bonds are
exempted from taxation, and issued to provide for the sub-
scription by the state to the North Carolina Railroad. In
addition to the faith of the state, all her stock in the said
railroad and the dividends thereon are specially pledged for
Skil redemption of these bonds. The bids are to be opened
en the 31st of Marsh next. Proposals are also invited,
until lit proximo, for a loan of 2,500,000 dole. to the Par
henburg Railroad, on coupon bonds redeemable let of
January 1873, interest and principal payable in Baltimore ;
1,600,000 dole. of these bonds are guaranteed by the city of
Baltimore, and the remainder by the Baltimore and Ohio
Railroad Company. Notice has been given by the trea-
surer of the state of Pennsylvania, that the past due 5 per
cent. loans will be paid off on presentation, and that inte-
rest thereon will nue in sixty days from 26th alt.

The inquiries for Australian Bank shares were
still brisker to-day, and those of the Bank of Austra-
lasia, English, Scottish, and Australian, London
Chartered Bank, and South Australian Banking
Company were all better. Australian Agricultural
closed firm, at 253 to 258. These shares continue to
be steadily taken by the public, but are, at the same
time, fairly supplied on any material improvement.
Ex. the Peel River shares, this stock remains in
much favour, and closed 113 to 118. The shares of
the Scottish Australian Investment Company reached
11 prem., and those of the South Australian Land
Company advanced 11. There were also dealings in
Commercial Bank of London shares at 31; London
and County Bank, 30/, 4 ; London Joint Stock Bank,
201; London and Westminster Bank, 354 ; National
Bank of Ireland, 50, 494, 50; Provincial Bank of
Ireland, 481; Crystal Palace, 54; General Screw
Steam Shipping (121. paid), 121; Peninsular and
Oriental Steam, 87, 861, 87; ditto (251. paid), 50$.
Ebro Canal shares are quoted 11 to 11 prem. ; Chi-
riqui Road, par to prem.; Beziers and °rehearse
Railway, 4to / prem.; Royal Swedish Railway,
to 1 dia.; French South Eastern Railway, par to 1
prem.; Chartered Bank of Asia, to die.
There has been increased inquiry this week for
the preferable descriptions of insurance shares,
and an improvement in Albion. Atlas, Globe,
Marine, and Royal Exchange stocks. The
present quotations of the market are sub-
joined :—Albion, 90; Alliance, 254, ditto, Ma-
rine, 53, ex div. and bonus ; Atlas, 21,1; British Com-
mercial, 7 ; Church of England, 31 ; Clerical, Medical,
and General, 201; County, 120, Crown, 171; Eagle,
74; Equity ani Law Life, 5; ; English and Scotch
Law Life, 31; European Life, 20; Family En-
dowment, 31 ; General, 54; Globe, 1491; Guar-
dian, 61; Imperial Fire, 310; ditto Life, 191; In-
demnity Marine, 58 ex div. ; Law Fire, 41;
Law Life, 50; Legal and General Life, 54;
London Fire, 281; London Ship, 281; Marine, 21;
Medical, Invalid, and General, 3; Minerva, 6;
Monarch, 14; National Loan Fund, 21; National
Provincial, 11; Palladium Life, 3; Pelican, 45;'
Phcenix, 173; Professional Life, 1 prem.; Provident
Life, 40 ; Rock Life, 8 ; Royal Exchange, 236 ; Sun
Fire, 211; ditto Life,ss; Union, 220 ; United King-
dom, 44; Universal Life, 45; Victoria Liti,
The Equitable Reversionary Society's shares are
quoted 117}; General Reversionary and Investment,
1021; London Reversionary, 14.
Of canal shares the latest Stock Exchange quota-
tions are subjoined :—Ashton and Oldham, 135, 140;
Brecknock and Abergavenny, 82k ; Birmingham
(guaranteed 4 per cent. by the London and North
Western Railway), 1051 ; Derby, 63 ; Ellesmere and
Chester, 354; Grand Junction, 601 ex div. ; ditto,
Guaranteed Six per Cent, 12 ; Grand Union, 24 ;
Kennet and Avon, 71; Leeds and Liverpool, 550;
Leicester, 68; Leicester and Northampton, 441;
Loughborough, 510; Macclesfield, 50; Oxford, 132;
Peak Forest, 70; Regents, 17 ex div. ; Rochdale,
42; Stafford and Worcester, 405; Stourbridge, 290;
Severn and Wye Canal and Railway, 24 ; Warwick
and Birmingham, 40 ; Warwick and Napton, 28;
Wilts and Berke, 7, 71.
Shares in bridge associations command the follow-
ing prices :—Hungerford, 12; Southwark New
Seven-and-a-Half per Cents., 16 ; Waterloo, 31;
ditto, Old Annuities of 81., 241; ditto, New, of 71.,
221 ; Vauxhall, 21.
Prices of Gas and Coke Companies' shares range
as follows :—British Provincial, 221; Brighton, 16 ;
City of London, 125; Continental (Third Capital),
69; Equitable, 27; Great Central, 141; Indepen-
dent, 46 ; London Parliamentary Preference, 241;
Phoenix, 27 ; United General, 191; Westminster
Chartered, 39 ; ditto, New, 71.
Waterworks stocks are thus quoted :—East Lon-
don, 125 ; Grand Junction, 69 ; Kent, 84i ; New
River Company, 60; Southwark and Vauxhall, 90 ;1
West Middlesex, 1111 ex div.
Other miscellaneous shares are thus quoted in
the official list :—Auction Mart, 35; Australian
Trust, 25 ; Canada Company, 55, 53 cx div.; Elec-
tric Telegraph (A shares. 201. paid), 221; ditto, B
(71. 10s. paid), 71, 8 ; Hudson's Bay stock, 220;
Price's Patent Candle Company, 26.
The quotations ,f stocks at Amsterdam on Tuesday
are thus reported by telegraphic express :—Dutch
Four per Cents., 96 13-16; ditto Two-and-a-Half per
Cents., 85 13-16. Spanish Deferred Three per Cents.,
231. Mexican New, 241. Portuguese New, 38 13-16.
The Spanish Committee's Certificates, 51. Austrian
Five per Cent. Metallics, 821. Spanish Old Three
per Cent., foreign, 481.
At Vienna, on Tuesday, the Five per Cent. Metal-
lies were quoted 94, and exchange on London, 10.51.