The Express.
London, England, 1853-03-22 00:00:00

MONEY MARKET.

Monnat Seamus.
The official announcement of the despatch of the
French fleet to the Archipelago, taken in combina-
tion with the reported movement of the British fleet
to the same destination, Fare a great shock to con-
fldencw in the Stock Exchange to-day. Consols
opened at a fall of 1 per cent., at 99 to 3 for money,
and 991 to 1 for times At 991, and subsequently at
991, there were some large rates for account by in-
fluential operators; but, as business progressed, it
became known that the Paris bourse of to-day showed
a rally from the heavy fall that took place
on Saturday in the couliese, and, as some
good money-baying also offered, buyers against
previns " bear ' accounts came forward, and a
decided reaction was the result. At three o'clock
the price was quoted 991 to 1 for cash, and 991 to 3
for the 13th April; and after four o'clock there were
buyers for time at 99/. The movement of the two
fleets of course occasions distrust, and renders the
market sensitive; but, although it is felt that the
Turkiah question is further and seriously complicated,
there is yet no fear of actual hostilities. There ap-
pears to be rather an impression that the naval de-
=nitration made by England and France, acting, it
is believed, in soosert, may be interpreted as a gua-
rantee of peace. Intelligence was received by tele-
graph to-day that a steamer had arrived at
Trieste, bringing intelligence of a more pacific
character, whilst it is gathered from the com-
munications received from Vienna that well-informed
parties in that city regard the alarm as exaggerated.
There can be no doubt the fall here in every depart-
ment would have been much more marked had there
been any large " bull" accounts open. The list of
bargains in our home securities is thus officially ren-
dered, vie. :—Three per Cent. Consols for money,
991,99, 1, /3 ; ditto for account, 991, /, I, 1,4.,
Three per Cent. Annuities, 1726, 981. South Sea
Stock, 1091.
In all the other departments of the market great
depression prevailed at the opening, but all securities
were sympathetically affected by the subsequent
rally in Consols, and at the close showed comparative
steadiness. English railway shares appear to have
been materially supported by the 11 bear" account
open in many stocks. In French shares there
was great fluctuation, following the Paris market,
but a decided rally was observable at the close.
The June Exchequer Bills met with business at
91., 135., and 14s. prem.; whilst the March issue was
done at 10s. prem.
The foreign stock market opened generally lower,
but almost entirely from sympathy with Consols and
on speculative mks; and in the afternoon this de-
pertinent also was marked by a decided revival of
confidence, comparatively speaking. Mexican bonds
finally closed 253 to 1, being very steady. Spanish
Deferred Threes were sold as low as 231, but left off
24 to 3. Turkish scrip was conspicuously firm all
day on some good inquiry, and closed II to 11 prem.
It Is believed the late purchases of this scrip are con-
nected with the proposed reconstructiou of the Bank
of Constantinople. Russian stocks were sensibly
lower on the warlike reports. Sardinian Fives went
down to 941; whilst the new Three per Cent. Scrip
was even done at a slight discount; but, as already
observed, all quotations werebetter towards the
close. Peruvian scrip fell to 3 prem., but clised 31
to 33 prem. To-day's list of sales is annexed:—
Austrian Five per Cent. Bonds, 1852, 98. Brazi-
lian Four-and-a-Half per Cents., 1852, 98. Buenos
Ayres Six per Cent., 61. Chilian Six per Cents.,
107, 1053; ditto Three per Cents., 823, 811. Da-
nish Three per Cents., 1825, 85, 843. Dutch Two-
and-a-Half per Cents., 641; ditto Four per Cent.
Certifs., 983, French Three per Cents. Relate,
79f. and 78f. 75c. (exchange, 25f.) Greek Bonds,
ex. overdue Coupons, 81, 1. Mexican Three per
Cents., 251 ; ditto, for account, 31st March, 251, 3.
Peruvian Four-and-a-Half per Cent. Scrip, 33, 3,
3/ prem. Russian Five per Cents., 1171 ex. div. ;
ditto, for account, 116, 117 ex. div. ; ditto Four-and-
a-Half per Cents., 1033, 103, 1021. Sardinian Five
per Cents., 95, 941, WI. Spanish Old Three per
Cents., 481, 3 ; ditto Deferred Three per Cents.,
241, 24 ; ditto Passive (converted), 51 ; the Com-
mittee's Certifa., 71, 73 per Cent. 'Turkish Six per
Cent. Scrip, 11 prem. Venezuela Three-and-a-Half
per Cents., 381, 39; ditto Deferred One per Cents.,
153.
Messrs. Baring, Brothers, and Co. have advertised
the payment In due course of the dividends falling
due on the Ist of April on the 4/ per cent. sterling
bonds of the city of Boston.
Notice has been issued that the first half-year's
interest at the rate of 4 per cent. per annum on the
shares of the Royal Swedish Itailway Company, due 1
on the 27th April next, will be paid from the Ist of
May, on presentation of the scrip.
We hear numerous inquiries as to the amount of
certificates issued by. the several committees of
Spanish bondholders in London, Amsterdam, and
Madrid, as vouchers for the half of the overdue
coupons left unfunded at the last conversion. The
total amount issued in London wee 3,529,370/. ; and
in Amsterdam, 3,164,1671.; in all, 6,693,5371. The
amount issued by the committee in Madrid is not
{mown, as no home Spanish securities are recognised
or negotiable in this market. The entire amount
issued by all the committees, however, is believed to be
about 7,800,0001. Supposing these vouchers to be
admitted as cash in the subscription for arty new
Spanish loan at the rate of 10/ per cent., they would
thus represent in the aggregate a sum of about
820,0001. sterling in cash,
All the Australian Bank shares were cheaper,
and miscellaneous stocks generally showed a down-
ward tendency,. closing, however, more steadily.
Australian Agricultural left off 100 to 105 ; Van
Diemen's Land, 23/ to 241; South Australian Land,
50 to 52; and British American Land, 62 to 64;
London and Westminster Bank shares ere done at
3.5; Union Bank of London at 173, and Crystal
Palace shares (51. paid), at 6, and 61. Beziers
and Graissessac Railway shares are quoted to 1
prem.; French South Eastern Railway, Ito 3
prem.
Letters from Turin mention that the bill securing
the concession fora submarine telegraph from Spezia
to the Islands of Corsica and Sardinia, with a gua-
rantee of 5 per cent. interest, to Mr. T. H. Brett, has
passed through the Chamber of Deputies. Much in.
tercet attaches to this undertaking, as it is contem-
plated to extend the line considerably.
The quotations of stocks at Amsterdam on Satur-
day are thus reported by telegraphic express:—
Dutch Four per Cents., 96 11-16; ditto Two-and-a-
Half per Cents., 65 9-16. Spanish Deferred Three
per Cents., 241. Mexican New, 251. The Spanish
Committee's Certificates, 81. Austrian Five per
Cent. Metallics, 81 13-16. Spanish Old Three per
Cents., foreign, 49. Granada Deferred, 11 9-16.
The subjoined calculations show the rate per cent.
per annum yielded by our government stocks at pre-
sent prices. To render the results strictly accurate,
the proportion of interest which may have accrued
since last dividend period should in each case bo
taken into account :

Price.
991
(shut)
(abut)
(shut)
(shut)

Int. per cent.
per annum.
£3 0 41

Three per Cent. Consols
1 kree per Cent. Reduced
Ness Three-and-a-Quarter
per Cents
1; Stuck
India Stuck
Exchequer Bills March (in-
terest Id. per cent. per day) Us. prem. 110 7
Annexed is &statement (extracted front the Liver-
pool Weekly Share List) showing the rates yielded
by ordinary railway stocks at present prices, the
calculation being based on the dividends paid for the
half year ending the 31st December last:

Prot. Trier. RAILW _ Int. per
AT. per ann um.
1:4 Liverpool. Crosby, mod Southport di. 3 3 104.
:94 York mod North Sidlasod.
101 Lou kit. Brighton, and South Coast a dl. 3 0 0
234 south Itutern cam die 4 13 7
13 L.tera Counties z MY 1 II 34
f 2 44,41 and Great Weetem—ltvland ti dlv 4 11 1
II 1 Great Western s My 4 7 10
II Lotion madScetk Wester& ......... : ter 4 7 ili

FIRE AND Loss OF LlFE.—Yesterday morning,
about three o'clock, u a constable was proceeding down
Long-acre, his attention was directed towards the house
of Mr. Window, of the Crown public-house, near
Castle-street, by en unusual light in the lower rooms.
He instantly alarmed the inmates, who succeeded in
escaping by the windows into the street, with the
exception of the potman, William Rainbow. Several
engines were kept at work for two hours, when the flames
were subdued, but scarcely any of the property of the upper
rooms of the public house was saved, and great damage was
done to the stock in the bar and cellars. The houses ad-
joining, belonging to Messrs. Gibson, coach axle-tree sprin4
makers, and Mr. Lloyd, the Sun caffee-kouse, hive MU-
tained damage. Mr. Window is insured in the Globe and
Royal Exchange fire offices. The body of the potman was
found !along the ruins after the flames were extinguished.
MILL BURNT Dows.—About eleven o'elJek on
Thursday forenoon last, a fire suddenly broke out iu one of
the upper rooms of Brown's Mill, at Clough House. As no
one was at woik in the room where the fire ori,,in 'red, the
flames had made great progress before they were disco-
vered by the workpeople employed in the lower stories. A
despatch was sent to Huddersfield (I} mile) for the tire-
engines, which did not arrive at the mill until tws :se
o'clock, when the roof was just falling in, consequently the
fury of the LIMOS could not lie subdued until the building
was completely gutted. The engine and engiot-house oaiy
are preserved. the damage is estimated at 1,2001. The
building axd shafting were the property of Nis.. CI"SS11.11(i,
',who is amply insured. The tenants, Messrs. J siah Barry I
and JON'. Roebuck, will be great losers, as they are not is
sured. The fire is supposed to have originated iu some
"shoddy."—Leeds laelligencer.