The Express.
London, England, 1856-11-25 00:00:00

MONEY NARXIT.-THIB DAT.

Two o'CLoon.
The funds opened steadily, but soon declined 1 per I
sent., some of the recent operators for the rise show-
ing a disposition tonal's* their profits. A rally has
sines taken place, however, and prices are now quoted
only 1 per cent. lower than they closed yesterday.
The market is firm in character.
Consols for the 4th Deuwere first marked 941,declined
Se 94 to /, and stand now at 94/ to 1. For money the
piss is 94 to 1. The Three per Cents. Reduced have
bus dealt in at 921 to 931; the New Three per
Cents, at 931 to 931; Bank Stack at 2161; the New
T wo-and-a-Half per Cents. at 771; India Stock at
226; Exchequer Bills at 2s. to Be. prem.; Exchequer
Bonds at 981 to 99; and ladle Bonds at 2.. to Se.
prem.
Turkish Six per Cants. were first marked 94, then
931, and are now quoted 931 to t. The Guaranteed
Four per Cents. stand at 1001 to 101. Other
foreign securities are quiet and steady. The
sales include Brazilian Old Five per Cents. (Small
Bonds) at 1001; Dutch Four per Cents. Certificates
at 961; Mexican, foe the 28th inst., at 221; Russian
Fouvand-a-lialf per Cent. at 96 and 961; and
Spanish New Deferred Three per Cents. at 231.
As we anticipated would be the case, the recent
enormous supplies of gold frornAustralia have resulted
in an important addition to the Bank's metallic stock.
We an state positively that as much as 350,0001.
of the gold, ex the James Baines, has been
presented for purchase at the Bank. Inclusive of the
sums sent in on Saturday and Friday, it is
computed that the Bank must have received
altogether about 480,0001. We 'believe that
arrangements have been made for remitting to the
Bank of Francs 200,0001. more out of the supply ex
the James Baines. Parties who are its a position to
judge state that, of the sum which still remains en
sale in the market, a further amount of about 80,0001.
is pretty sure to be sent into the Bank of England.
The amount of specie brought by the Asia, from
New York, is only 73,6001., of which a portion is
believed to be on Continental account.
The ship Phoenician, from Sydney, has 248 os. of
gold and 1,0001. in sovereigns on freight, worth
together about 2,0001.
The Adele has arrived from Sydney, bat is not
known to have any gold on freight. Her dates are
old.
The New York advioss report the exchange on
England lower, with • downward tendency, the
supply of bills being considerable.
Thi corn market yesterday showed increased heavi-
ness, and progress could not be made with sales except
at a reduction of 3e. to 4s. per quarter for English
wheat, le. to 2s. for foreign, ls. to 2s. par quarter for
barley and oats, and 2s. per sack for flour. A portion
of this decline, it will be remembered, war virtually
established on Friday last. The arrivals of foreign
breadstuff, in London continue large, comprising last
week 43,661 quarters of wheat, 14,762 of barley,
26,611 of oats, and 9,879 barrels of flour. A large
business has been done in floating cargoes since
the close of the market on Friday, and most
of the recently arrived cargoes are now die.
posed of. The demand for Eubanks wheat
for exportation to France continues, but the stocks
on the spot have been nearly all cleared off. At most
of the country markets held at the close of last week
an average decline of le. to 3s. per qr.was established
in wheat. Maize, however, was dearer.
A telegraphic despatch dated St. Petersburg, Sa-
turday, states that the thermometer (Reaumur's)
showed 2 degrees of frost, being equal to 41 degrees
of frost, scoarding to Fahrenheit. The weather was
vary stormy. The ship LO. had been totally lost
off Nerve. In tallow,l6o ro. bad been paid for August
delivery. Them:hangs on London ruled somewhat
higher, at 38 13-16 d.
It is • very remarkable circumstance, and one which
illustrates la a striking manner the liberality and
enterprising spirit of this great commercial commu-
nity, that the 360,0001. required for the capital of the
Atlantic Telegraph Company has been already almost
entirely subscribed, although the list has merely been
banded about privately, and no advertisements have
been issued soliciting subscriptions from the general
publics In feet, the large nominal amount of the
itharn, which are of 1,0001. each, renders them
suitable only to capitalists. We are informed that
the subscription list is to be aimed on Friday next.
Most of the " merchant princes" of London, Man-
chester, Liverpool, &a, have subscribed towards the
realisation of this magnificent project.
A general meetiog of the shareholders of the
Commercial Bank of London it called for the 16th of
December, to elect a director in the room of Mr.
Edward Oxeuford. Mr. Herbert Taylor is announced
as a candidate.
Messrs. Rothschild Brothers, of Paris, announce to
the parties holding the bonds of the 900,0001. loan
of the United States Bank, which is now winding
up, that they will be in a position to distribute, on
the 27th instant, certain dividends resulting from the
liquidation.
-The Master in Chancery charged with the winding
up of the Great Western of Bengal Railway Company
will proceed, on the 26th instant, to declare •
dividend of the assets amongst the original &titianes
of shares. It appears that the Master has decided
that transfers of shares or scrip in this company are
illegal and void.
Holders of paid up 61. shares in the Wiesbaden
Railway Company are informed that they will have
the right, until the 29th inst., of exchanging such
shares at par value for a proportionate number paid
up in full in the Nassau Railway Company. It is fur-
, thee mentioned that holders who 'hall not exercise
this right " will receive upon the amount paid by
them a fixed interest of 4 per cent. per annum during
the construction of the two railways—the Rhine and
the Lahti; and after the opening of these lines for
traffic, they will them be entitled to a preferential
interest of 6 per cent. per annum, but will have no
right to participate in any further dividend, nor inl
any of the advantages reserved exclusively for the
holders of the new Nassau Railway shares, nor will
they possess the right to vote at any of the general
meetings of the company."
The directors of the Royal Swedish Railway
Company state that they intend shortly to call a
general meeting of the shareholders, when a report
will be presented of their proceedings since they came
into office.
Notice is given that the Oriental Gas Company is
now incorporated with limited liability under the act
of last session. The strip is therefore called in for

registration.
The halt yearly interest is advertised on the
Panama Railroad Seven per Cent. Bonds.

MONDAY ETZNINO.
Owing to the knowledge that gold Is flowing into
the Bank, coupled with the easier appearance of the
money market, every department of the Stock Ex-
change to-day showed great firmness. The funds at
one pericd of the morning attained a fresh advanoe of
per cent., and finally closed per cent. above the
highest point reached on Saturday. But for news of
a pause in the upward movement in the Paris Bourse,
the rise here would probably have been more
decided, the general feeling being highly favourable.
A further decline in the corn market was amongst
the circumatasese regarded with satisfaction.
In the discount market to-day there wee a Rood
demand for money, but also a good supply. First
class bills continue to be discounted "out of doors "
below the Bank rate.
Coppola, which closed on Saturday at 941 to 3 for
the 4th December, opened this morning at 944 to 1,
reached 944 to and closed at 944 to e. The last
price for mosey was 944 to 4, and for the January
account, 95 toe, inclusive of income tax, or equal to
94 to eex die. After the close of the Stock Ex-
change, the market was firm, at DS "just sellers,"
for the 4th December. The official business report is
as follows:—Three per Cent. Consols, for money,
944,944, 94, 941, 941; ditto, for account, 4th Dec.,
944. 4, 4. Three per Cent. Reduced, 934, 024.
New Three per Cents., 934, 4, 1. 1, 1. Bank Stock,
217, 2154. India Stock, 227. Threeend-a-Half per
Cent. Exchequer Bonds, falling payable in 1888,
981.981, 984; ditto, 1859, 981.
A feature of the market is a further rise of 2s. in
Exchequer of Bills, which have reached 2.. to sa.
pea. Sees of the purchues have been effeoted by