The Express.
London, England, 1862-12-11 00:00:00

; MONEY RARKET.-(THIS DAY.)

Two o'OLoox.

The announcement that the weekly court at the
Bank of England has broken up without altering
the rate of discount has been attended with a re-
covery of I per cent, in the funds. Very little
change has occurred in the railway market. The
more speculative kinds of foreign securities con-
tinue to decline.

At Paris this morning, according to Mr. Renter's
telegram, the Three per Cent. Rentee opened at
70fr. 66c., being 1 per cent. better than yesterday.
Consols are now quoted 92 to 1, ex div., for
money, and 92k, ex div., "buyers," for the ac-
count (Jan. 8). The official business report
is as follows :—Three per Cent. Console, for money,
92, 1, 911, 921 ; ditto for account, 92/ ; Three per
Cents. Reduced, 92, 911, ; New Three per Cents.,
92, 91/, 92 ; Thirty Years' Annuities, 1886, 15/ ;
Red Sea Telegraph, 21 15.16 ; Bank Stock, 233 ;
India Five per Cent. Stock, 1071, 1 ; Exchequer
Bills, lls., 78. prem.

The foreign stock market remains heavy. A
fresh decline has taken place in Spanish Passive
Bonds and Certificates. Greek Bonds are fiat
and drooping. Venezuelan scrip has fallen
to 34 to 3 die. The Turkish Loan of 1854 is
quoted 834 to 844; that of 1858, 691
to 704 ; the scrip of 1862, 21 to prem. ; ditto
paid up, 701 to 71 ; and the Consolklis, 384 to 4,
being lower than yesterday. Italian Five per
Cents. are steady. Portuguese scrip is quoted 34 to
1. pram., being firmer ; and Peruvian, 2to 14 dis.
Transactions are recorded as follows : —Brazilian,
101, 1004 ; Buenos Ayres, 91 ; Egyptian, 924 ;
ditto, second issue, 901 ; Greek, 151 ;
ditto Coupons, 64 ; Italian, for account,
71; Russian, 961; ditto 1850, 94 ; ditto
1862, 931 ; Spanish, 541; ditto New Deferred,
461; ditto Passive, 234, 23 ; ditto Certificates,
84 ; Turkish, 1858, for account, 691, 704 ; ditto,
1001. Bonds, 724, 74 ; ditto 1862, paid-up scrip,
701, 1; Venezuela scrip, 34 die.
The amount of specie engaged for shipment by
the steamer Ceylon, to leave to-morrow, is 429,2051.,
of which 374,4751. is silver, and 31,2301. gold for
Bombay, and 23,5001. gold for Alexandria.
In the absence of the mails from Calcutta, China,
and Australia, owing to the wreck of the steamer
Colombo, the &mite left Alexandria for Marseilles
on Wednesday, with the mail from Bombay, which
is oonaequently expected in London on the 18th
inst., or tv;o days before the usual time. The
heavy poriion of this mail rid Southampton will
also be accelerated to a like extent. _

The London and North Western Railway traffic
return shows this week an increase of 3,309/. over
last year.
The Italian Irrigation Canal Company are in-
viting subscriptions for 110,000 obligations of :
500 f. or 201. each, to be reimbursed by annual
drawinp, in 50 years, at the rate of 525 f. (211. ) for
each obligation. The interest will be payable half-
yearly at a fixed exchange in London, Turin, Paris,
Brussels, Lyons, and Marseilles, and at the current
rate of exchange at Fraukfort, Amsterdam, and
Berlin. It is mentioned that the interest of 6 per
cent. and the sinking fund for the loan are formally
guaranteed by the state, and that the whole of the
share capital, viz., 1,000,0001., has been subscribed.
The price of issue is 480 f., or 191. 4s. per bond. Of
the 110,000 now offered, 12,900 have already been
subscribed for, with the approval of the govern-
ment, by the communes and public institutions in
Italy.
The prospectus of the New City Club Company
(Limited) is issued. The two clubs at present ex-
isting in the City of London being overcrowded, it
is intended to form a new one, which is to combine
" the luxury of similar institutions at the West-
End with the requirements necessary for the mer-
cantile community." By means of the Limited
Liability Acts the responsibility of each member
will be satisfactorily defined, and it has been de-
cided that each must be a holder of at least five
shares of 51. each, in respect of which the total liabi-
lity cannot exceed 251. The capital proposed is
25,0001. From those gentlemen who have already
joined the club a very respectable provisional COM-
mittee has been formed. No entrance fee will be
required from the first 200 members.
It is intimated that the following gentlemen,
viz., Meagre. Isaac Circuit, of 19, West Smithfield;
John Inchbald, of 2, Copthall-court, and the Stock
Exchange ; Thomas Oliver, of 2, Serle-street, Lin-
coln's-inn ; John Sharman, of Lower Norwood •
Edward E. Tucker, of Abersychan Iron Works,
near Pontypool ; and William Wilson, of 11, Royal
Exchange, have formed themselves into a commit-
tee to protect the rights of the holders of the West
Hartlepool Harbour and Railway Conipany's De-
benture Stock, which it is affirmed the bill pro-
posed to be introduced by the present directors
' of the company, in the next session of
' parliament, would, if passed, most 'ma-
terially injure—in fact, destroy." To meet
the expenses, a remittance to the extent of lOs per
cent. on the amount of stock held is solicited from
debenture stockholders who acquiesce in the objects
of the committee.
The half-yearly meeting of the St. Katharine
Docks Company is convened for the 20th January.
With reference to the market for American semi-

rities Mr. E. F. Satterthwaite reports as follows •
The market in London for American securities during the
put week has bees firm, with a good demand for Misois
shares and hoods, also for United States Five par Cwt.
Bonds (1874). In Erie shares there hes been bat little
business. Atlantic sad Great Western Bonds (New
York section) have bees routed ; they close firm at 73 to 4.
The New Issue (Pennsylvania section) are also in demand.
and have been done to-day at 71g.

WEDIMIDAT Evoitza.
Consols, which closed yesterday at 921 to 1 ex
div., for the Bth January, opened this morning at
the same quotation, and closed at 92 to 1.
For money the last price was 911 to 92. The
official business report is as followv—Three per
Cent. 0011/1018, for money, 924, 92, 4,92 ex div. ;
ditto for account, 921, ex div. ; Three per Cents.
Reduced, 921, 911 ; New Three per Cents., 921,
911 i New Two-and-a-Half per Ceuta., 751 ; Bank
Stock, 234 ; India Five per Cent. Stock, 1071,
f ; ditto Four per Cent. Debentures, 1001, ;
ditto Bonds, 235., 21316 prem. ; Five per Cent.
" enfaced " rupee paper, 105} ; ditto Five-and-a-
Half per Cent., 1121.
The India Five per Cent stock was not quite
so firm as yesterday, dosing at 1071 to 8, ex div.
India Bonds were quoted 235. to 265. prem., and
Exchequer Bills, 7s. to 11s. prem., being rather
firmer.
The foreign stock market remains rather flat,
but there is not much change in prices.
In the market for bank shares to-day the ten-
dency of prices was downwards. Alliance Bank,
Bank of Queensland, Bank of Hindustan, Imperial,
London and Brazilian, London Joint Stock, and
Union Bank of Ireland, were all quoted rather
lower. City Bank shares, however, have advanced,
and Metropolitan and Provincial Bank were firm.
In miscellaneous undertakings, Crystal Palace,
East India Cotton Agency, National Discount, and
Ottoman Gas, showed flatness, but an improvement
WM quoted in British and Irish Magnetic Tele-
graph. Nerbudds Coal and Iron shares remain
at 2to 3 prem., though still loosely quoted in the
Stock Exchange list 1 to 3 prem.
Ocean Marine shares dosed to-day at 6} to
prem.; Thames and Massey, 2} to prem.; Uni-
versal, 11 to 11 dis. ; North British and Mercan-
tile, 151 to 16 ; Commercial Union, par to 1 prem.;
and London and Provincial Marine, dis. to par.
The closing quotations for shares in new under-
takings were as follows :—Union Bank of England
and France, to } prem.; London and Northern
Bank, par to } prem. ; English and Irish Bank
}dia. to par ; Oil Wells of Canada Company, 'lto I
prem. ; of Soinde, Punjaub, and Delhi, to
Fm. ; London and South Westernßank, par to
nem. ; British and South Wales Zinc Smelting,
to 1 poem. ; Canadian Oil, to } prem. ; and