The Express.
London, England, 1853-09-10 00:00:00

MONEY MARKET.

FAIILLY ETZNINCI.
The English stock market to day was rather
sbadier in character, but the tendency was still
unfavourable, and the market finally closed, with a
far from strong appearance, at rates a shade lower
than those current at the close yesterday. Opera-
tions for the rise seem to have been tempted to-day
by the reduced prices, and an opinion is entertained
in well-informed quarters that, owing to the disease
and disorganisation known to prevail in the Russian
army now occupying the Principalities, the Czar,
whilst seeming to stand out on a point of
punctilio, will be only too glad to listen to the
terms of arrangement interposed by the other
powers of Europe. On the other hand, there
are parties who regard with great uneasiness the
continued warlike preparations of Turkey, and ex-
press a belief that the Porte, now that it has collected
its strength, will assume a bolder attitude. Irre-
spective of this political difficulty, the appearance of
the money market is certainly adverse to stock and
share values. It was currently reported that the
Bank of Eng'.and return would show a heavy de-
crease in the stock of the precious metals, and this
assisted in checking the tendency towards a rally.
Consols opened 961 to „.1 for money, and are marked
as good us 97 for the 13th of October, although at
ono time depressed to 961. Tho closing quotation
was 961 to „- for cash, and 961 for time. The trans-
fer books of Reduced Threes, Long Annuities, and
South Sea Old Annuities were closed to-day for the
dividend : those of the Three-and-a-Quarter per
Cents. and Bank Stock will shut to-morrow. The
official business report includes:—Three per Cent.
Console, for money, 961, 1,1; ditto for account,
13th Oct., 97, 961, 0„ 4. Throe per Cent. Reduced
(shut), 971, 1,4„ with div. for money. Three-and-a-
Quarter per Cents., 100, 991, 2.
Exchequer Bills continue to be dealt in at 2s. die.
to par. India Bonds were again rather lower, deal-
ings being 'scolded at 7s. to 10s. prem.
Foreign stocks remain very dull, with little change
in prices. Spanish was flat, and Peruvian Deferred
ratherbettcr thanyesterday. Dutch stocks were firmly
supported. At !bur o'clock Mexican Bonds were
quoted 254 to 264 ; Peruvian Deferred, 58 to 60 ;
Spanish Deferred, 221 to 23 ; the Committee's Cer-
tificates, 6 to 61 per cent. ; Granada Active, 22 to
23; ditto Deferred, 9 to 1. Sales are thus marked :
Belgian Four-and-a-Half per Cent. Bonds, 99 (ex-
change, 25f.). Brazilian Old Five per Cent., small
Bonds, 1021. Dutch Two-and-a-Half per Cents.,
64;; ditto Four per Cent. Certifs., 981, 99, 98}.
Granada One-and-a-Half per Cents., ex Dec., 1849,
coupon, 22. Mexican Three per Cents., 26, 2dl ;
ditto for account, Sept.ls, 264. Portuguese Four per
Cents., 44 A. Spanish New Deferred Three per
Cents., 221, , ; the Committee's Certits., 6,6 k per
bar. Swedish Four per Cent. Provincial Mortgage
Loan, 91.

Money today was in active demand. We bear of
the discount of first class bills having been effected,
in a few instances, as low as per cent., bat the
general rate has been fully 4 per cent., and in sonic
cases st ill higher rates have been paid.
It is understood that considerable amounts of gold
have to-day been withdrawn from the Bank for trans-
mission to Russia. Remittances of gold to France
also continue. On the other hand some parcels of
gold, of moderate amount, were to-day sent to the
Bank for purchase.
In the market for Foreign Exchanges today there
was not much variation from the rates of last post.
The chief feature was a better supply of bills on
Hamburg, Pails, and Amsterdam. Bills on Vienna
and Trieste were rather higher. Paper on St. Peters-
burg
ruled at 384 to d. Short bills on Paris were
noted a shade higher.
Messrs. C. De Murricta and Co., and Messrs. C. J.
Hambro and Son, have issued notice that the Bonds
of the New Peruvian Three per Cent. Active Stock
are now ready for delivery in exchange for the Old
Deferred Bonds.

The General Court of the Governor and Company
of the Bank of England is fixed for Thursday next,
the 15th instant, to consider of a dividend.
The corn market to-day was very quiet, but on
the whole, notwithstanding the extraordinary num-
ber of arrivals, firm. Still to force sales, lower prices
would have had to be accepted; and in cases of ves-
sels coming on demurrage, Is. per quarter tor wheat
and 6d. per quarter for oats less than on Monday
was taken. In floating cargoes few sales were re-
ported. Importers continue to ask stiff prices, in
confidence that the present lull will be followed by a
greater briskness in the market.
The sixth call of 2/. falls due on the shares of the
Austrulqsian Pacific Mail Steam Packet Company on
the Ist October.

Hamburg letters of the 6th mention that large
sums in gold had again come forward from England
fur transmission to St. Petersburg, with the prospect
of further remittances, owing to the high quotation
of the exchange. There was some inquiry for gold
at date, and the quotation had advanced to 427
marks, whilst for Russian half imperials 430 i marks
were paid. Further supplies of silver were being
sent to London, and 300,000 marks of that metal had
also been sent to St. Petersburg. It was thought
that this last remittance would be on account of the
Russian silversmiths, who are not allowed to make
use of Russian silver coin for their operations.
Money was r.:th(r tighter at 3! to 31 per cent., and'
the exchanges es
were inactive. All funds and shares
were also inactive. The inquiry for wheat for
France had subsided, and very few sales were re-
ported ; yet, owing to the small quantity offering,
purchases could not be effected at cheaper rates.
Rye was in some, inquiry for spring shipment from
Russian ports. Coffee was iu more demand, in con-
sequence of the favourable result of the sale at Rot-
terdam, and 20,000 bags had just been sold at an
I advance of „ schilling.
Land shares to-day- were without recovery from
yesterday's depression, and flat in tone. Australian
Bank shares remain decidedly flat. Bank of
Australasia have again fallen 1/., and Cuion of
Australia 21. Crystal Palace shares closed 1 11-16
to 1 13.16 prem. Peninsular and Oriental Steam
shares mark 75 to 76, and Royal Mail Steam, 72 to
L. In the shales of new undertakings there is
nothing doing. Those of the two French Water
Companies are nominally quoted at about par, and
there is not the slightest disposition to touch them.
Annexed are the latest reports from continental
bourses, as received by Mr. Reuter's express:—
Amsterdam, Thursday, closing prices :—Dutch Four
per Cents., 951 ; ditto Two-and-a-Half per Cents.,
62 15-16; Spanish Deferred Three per Cents., 22
11-16; the Coupons, 6 3.16; the Old Three per
Cents., Foreign, 47,; Austrian Five per Cent. Me-
tallic', 811; Mexican New, 24 13-16 ; Granada De-
ferred, f); ditto Active, 211; Portuguese New, 39
13-16 ; Peruvian New, 791; Equador,
Paris closing prices of this day :—Three per Cent.
Rentes, 78.5 ; ditto Four-and-a-Half per Cents.,
101.60 ex coupons; Bank shares, 2,800. Vienna,
Monday Austrian Five per Cent. Metallics, 94,1.

.53.4t13 f35.3.bk.03
September PvlB:3. £33.3
Si. 3I•USIIALL. Met Cadr.
Ibis return, when compared with the previous
week's balance sheet, shows the following results:
Circulation issue
Circulation active 22,465,946 Decrease 310,360
Public deposits 4,701 598 Increase 99,913
Other deposits
Government securities in
banking department 12,773,176 Decrease 254,468
Other securities in banking
department
Coin and bullion in both
departments
Seven day and ether hills 1,447,059 Decrease 18,490
The Rest
The Reserve
The chief feature in this account is the decrease of
nearly half a million sterling in the bullion.
Throughout the week we have warned our readers
that a heavy diminution was to be expected; and we
shall doubtless be equally correct in predicting that,
during the next two or three weeks at least, a fur-
ther considerable down ward movement is to be looked
for. We understand the shipments of gold for Russia
anticipated to take place from this side, will yet be
very heavy. A feature of almost equal importance
is the great increase in the " other" or private secu-
rities, a variation which, were such explanation re-
quired, fully accounts for the rise in the Bank rate
of interest. The increase in the public deposits is
unusually small. The decrease of a quarter of a
million in the stock of government securities held by
the institution is also significant, as arguing the
desire of the directors to have their assets imme-
diately available, with a view to their more profitable
employment in banking business.

LONDON COUItSk OF EXCIIANOE.-Seer. 9.
Time. Priors as negotiates this day?
Rills and M. Money.
Ameterdam pert Short I Gt. (Silty..., 1111. instv.
Ditto
Rotterdam
Antwerp
Prureela
Umnbing and Altona „ ,'13ruca. 6jechl. Linics. 6aaeh
St. Petersburg per ruble 3.11 pence ... 304 pence
Paris per t Short 2lfr. 9sc. ... 25fr. Or.
Ditto 9 Montbe2sft. I7lc. ... 257 i. 70e.
Idareelilea „ „ 2olr. 'Tie. ... 15fr. 20c.
Prenkfort-mt-tbe-Maineper £lO ~ 11901. at. ... ' 1919. kr.
Vienna (effective) pert 0 109. SlOe. ._ 1011. 5614 r.
Priests
Madrie tee dollar : 101 pence ... SO pence
Cadiz „ „ 504 ;:encii ... :iOl peace
P.
Bilbao
/P pence ... 50 pence
!Woolen se „ 497 pence ... 49 pence
Malaga ......... .......„ „ „ 20 pence ... 494. penim
Solite -.. .... ....... ... . . . ~ SO pence - 4,i Pence
Gibraltar „ ~ 50 pence ... 194 mime
Leghorn
Genoa
14..p1ee pire de „ 411 retire ... 411 pew*
Pa.crina per mess „ 124 f pence ... 124 moos
Meseins ..... .l 125 pewee ... 124 pestsLt.bon...........per milre.. 90 daye date - pence .. 59j pence
Oporto... ...... ............ „ „ - pence ... 541 renal
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