The Express.
London, England, 1851-01-16 00:00:00

!04 34

MONEY MARKET.

THIS DAT.

Two o'Ctocs.
The settlement of the monthly account in the Cunsol
market has formed the chief feature of business in the
Stock Exchange to-day, and has led to rather more
movement in prices than of late has been the
case. Consols have been sold as low as 961
fur cash, but since the bulk of the accaunts has been
arranged more firmness has been apparent, which
feeling has been further strengthened by the news
that the weekly board meeting at the Bank has
broken up without making any alteration in
the rate of discount. Console in consequence have
rallied to their present quotation, which is 961 to
for cash, and 961 for the 12th Feb. Tee prices of
business in this stock are thus marked. Gisela for
money, 961, a, a; ditto for the 12th Feb.,961,
Business is marked in the Three per Cents. Itedue,cl
at 971,1, 1 ; the New Three.and-a-Quarter per Cents.,
981, 4, ; Long Annuities, 1860, 71 South Sea Old
Annuities, 96,1; Bank Stcck, 2141; India Stock, 268.
In Exchequer Bills there have been extensive
transactions, at 56.., 59a., 559., and 575. prem., fur all
descriptions. Indian Bonds, 1,000/., mark 7:35.
premium.
The foreign stocks generally maintain late prices,
though business in this department is still very in-
active. Mexican Bonds are to-day quoted ex the
dividend of 21.; transactions are marked at 33 to
3a. In Spanish stocks there is still no business
offering, but prices appear steady, and the market
does not seem materially affected by the telegraphic
despatch published in the Di ily News of this morn-
ing, to the effect that the Spanish ministry has
broken up, and that General Name z has
taken his departure fur Bayonne. Further ad-
vices are anx'ously looked for, the present account
being considered too vague to form the basis of ope-
rations. Toe list of actual transactions to-day is as
follows : Belgian Four-and-a-Halt per Cents.. 90: ;
Two-and-a-Halt per Cent. Dutch, 57: 58; ditto
Four per Cent Certificates, 901, a. Mexican
Binds, for the 31st iust., 331, 33 ex. div. Portuguese
Five per Cents., 85; ditto Five per Cents. converted,
1841, 361 ; Four per Cents. for Account, 351.
Russian Four-and-a-llalf per Cent., 961, 1 ; ditto
small, 961, Spanish Active Five per Cents., 171.
The consuls =mint, closing today, is not a heavy
one. It opened on the 11th nit. with Consols for the
16th January at 981 to 1, equivalent to 961 to 97
with the dividend off. The daily fluctuations of
prices, as between the highest and lowest prices, are
subjoined. The highest price during the period em-
braced in the account was 971, and the lowest, 96 t ;
the extreme fluctuation is consequently about 1 per
sot. .

...
Consult for Account, JAnuary 16.
liielies% Lowest.
Dtcember 11 045
12 985
ex (Li!. es div.
13 971
14 97
16 97
1
1117 961
19 97
20
22.1 961 .. ... 961
23 971 1,61
4 971
2d 971
27 965
28 961
30 968
31 965
'sours 1 961
2 961
3 97

..
4 97e
6 90/
7 961
8 961
9 97
10...... .... .. 961
11 96/ 1:61
13 961
14 961
15 06:961
There has been little business during the last week
in the market for Bank shares, operators preferring
to await the result of the various meetings. The sales
are limited to :—Baok of Australasia (401. paid), 31;
British North American (501. paid), 421, I ; Colo-
nial (231. paid), 10; Provincial of Ireland (23/. paid),
431,.
Dock shares have changed hands as under:—Com-
mercial, at 84 ; East and %Vest Indio, 144; ; London,
116 to ; ; St. Katharine, 78; Southampton (50!.
paid), 9.
Tue subjoined calculations show the rate per cent.
per annum yielded by the various securities cited at
the average of the prices which ruled yesterday.
Where the asterisk (') is placed it is to be under-
stood that the share rate of dividend is less the in-
come tax. It will be seen that in every case we take
the rate of dividend last declared as the basis of our

calculation :
Throe per C. Consols average peke 901 yteldper cent...l3 2 0
Three per Cent. Reduced 971 3 1 0
IP
Newithree.and-e.4.luarter per Oita 991/ 3 3 7f
Bank Mock Idly. 7 per cent. per ann ) 215 0 .1 5 14
India Steck (dtv. tuf per cent. per an ) 2611 1 u 5
Itiebequer Rills (tnt. Igd. per day
Raetern annum; pitafee (htdfyr)ely

di.. 2r. per oh. of Vt., equal to 1 pei 6
cent per anal
Great Winters* Fl4O at. (die. at the
rate of 4 per cent per sm.) . 79
Lancashire end Yorkshire £lOO
Eitock*.(dlr. at the rate of 2 per ant.
per ann.)
London & South Western. Stock (dlr
at the rote of 8 per cent. per ann ) 78 rte
London and Math Western. Stock (di
at the rate of 5 per cent. per ann ) 124
Midland. Stock (die. at the rate of
ii. 12a. per or. per ann.) 4B
South Eastern* Stock Om at the rate
of 3 per cenL per ann.) 23 3 18 3
The half yearly meeting of the proprietors of the
LorAbn and Westminster Bank wee held to-day at the
bank in Lothbury. The report and proceedings
were of a highly satisfactory character, and are
further to be noticed, as besides the usual dividend at
the rate of 6 per cent. per annum, a bonus cf six
shillings per snare, or at the rate of 1; per cent. per
annum, was likewise declared. This is in pursuance
of the pledge of the directors that the profits should
be so divided when the reserved fund exceeded
100,0001., and which had been delayed for some
time. On the 30th June this fund amounted to
111,183/., and its amount now is 100,1074, or 10 per
cent. on the paid up capital of one million. This
capital constitutes an ample security for the four mil-
lions of deposits and circular notes, and is virtually
invested, together with the greater part of the re-
served fund in government stock and Exchequer bills.
The total expetditure for the half-year for six esta-
blishments is set clown at 19,134/., which appears a
very moderate sum.
The progress of this establishment from its organi-
sation tinder Mr. Gilbert, has been attended with some
interesting features. In 1834, its paid up capital
was 182,2331., and its yearly profits 3,3401. ; in 1830
its paid up capital was 1,000,0001., and its yearly
profits, 67,2621. Two years after its foundation its
capital was materially,iecreased, and the development
of its profits has likewise been very satisfactory. As
early as 1839 they reached 48,098/. and continued in-
creasing until 1816, when they amounted to 72,1751.
The later years, being a period of depression, have not
equalled that amount. In sixteen years 720,0001.
has been paid, as dividend and bonus, besides the
creation of a reserved fund of 100,0001.
The Imperial Brazilian Mining Association have
received the chief c immissioner's report of the work-
ings, dated Banana), 3rd and 13th November, 18,50,
from which we extract that the wheel bad gone to
work en the 28th ult., and that all the machinery at

3 :0 2
so

r 4 0 71

9. S G S

present is in good working order, and the suriice-
works are progressing satisfactorily. The produce
for the last ten days had not been equal to expecta-
tions; the stopes both in the back of the 24, and bot-
tom of the 14, on the big pump vein, had been poor,
owing to the vein being split in several parts and
other else much disordered. A few boxes of work had
been obtained from three places fcr the wash-house,
but the produce had been only 1 lb. 8 oz. 2. &rte. In
driving the 24 on Thomas's vein, nothing encouraging
, had yet been developed, but they ho in a short rime
to be working on this shoot of gold, both in the