The Express.
London, England, 1851-12-03 00:00:00

RAILWAYS.

MONEY MARKET.

THIS DAY.

Two o'CLocx,

In the absorbing interest of French affairs, the
difficulties in the cabinet are almost lost sight of,
though it is presumed that the serious aspect of the
Continent had its influence at the council yesterday
in suspending personal animosities. The topic in
every mouth is the assumption of authority by Louis
Napoleon, and it is hoped on the Stock Exchange
that as he has succeeded in the designs, which began
at Strasburg and Boulogne, his career w illgo on for some
time before intestine and external war commences.
Notwithstanding the alarm that is excited, there is a
constant desire to obtain something like a basis for
operations, and, unless the public offer sales too
largely, the jobbers have an encouragement for trans-
acting business, as, the crisis 'ince over, there will be
investments, from parties here and on the Continent,
which will restore prices.
As advised in successive despatches of the E.rpress
yesterday afternoon, Consols were at one time quoted
as low as 961 to 1. At this rate, however, rather
more encouragement for speculative purchases was
afforded, and the price gradually rallied. to 97 to 1,
the maintenance of order being considered as better
secured by the bold measures adopted by the
President in the extensive arrests of his opponents,
and at this quotation the market left off To-
day a further tendency to a rally has ma-
nifested itself, and stock was taken on spe-
culation at 971 but the price soon afterwards
fell to 961, and the market is now weaker
again at 971 to 1, and 971 to 4 for the January account.
Reduced Threes are at this moment called 931 to 961,
and the Three-and-a-Quarter per Cents., 971 to 4.
The following is the official report of the morning's
transactions :-Three per Cent. Consols, Annuities,
971, 1, 97, 974; ditto, for account, 974, 1,1, 961,
971 ; Three per Cent. Reduced Annuities, 961, ;,1, ; ;
New Three-and-a-Quarter per Cent. Annuities, 974,
..1, 1, 1. South Sea Old Annuities, Three per Cents.,
951; South Sea New Annuities, Three per Cents.
961. Long Annuities, 6 5-16. Bank Stock, 215.
India Stock, 262. The government broker invested
in Reduced Threes, the price made for him in the
early part of the day being 961.
The unfunded securities opened a shade firmer, in
consequence of the rates for money in Lombard-
street remaining unaltered, but they afterwards re-
ceded to the quotations of yesterday afternoon. A
few transactions took place! in Exchequer Bills at
61s. to 545. prem., but the bulk of the business was
at 50s. to 535. prem. Some few parties who have
sold stock have purchased Exchequer Bills. The of-
ficial statement of the transactions is :-Exchequer
Bills, 1,0001,505., 045., 508., 535, prem. • ditto, .500/.,
515., Ms., 505., 535. prem. ; ditto, Small, 545., 50s.
prem. India Bonds, large and small, 645. 60s. pm.
The arrivals of specie continue. The Canada, from
the United States, has brought over nearly 1,300,000
dohs., or say 260,000/., and the rate of exchange was
even higher than last advised.
Confidence in the foreign stocks is naturally much
shaken for the present by the probability of conti-
nental dissensions, and quotations arc iii all cases
lower, very few buyers being found. As yet this
department is extremely unsettled, but Sardinian
seems to show the fall most severely. Brazilian
are also lower, though the sinking fund is now in
operation. To-day's actual business figures are
as follows:-Brazilian Old Five per Cents.,
95; ditto small, 94, 95; ditto new, 1829
and 39, 93. Chilian Six per Cents., 99.
Belgian Four-and-a-Half per Cent., 88. Dutch
Two-and-a-Half per Cents., 58; ditto Four per Cent.
Certificates, 89, 871. Mexican 24; ditto for account,
16th December, 231. Peruvian Five per Cents., 1849,
89. Russian Four-and-a-Half per Cents., 1014.
Sardinian Five per Cents., 77 ex div. Spanish Ac-
tive Five per Cents., for account, 16th December,
19, 20, 191. French Three per Cent. Rentes, 56fr.
Exchange, 25fr. 10c.
Attention is of course turned away from the Califor-
nian gold mining shires, but quotations are not ma-
terially changed. The present rates are : Agua Fria,
1 to 11 prem. Nouveau Monde, Ito 4 prem. Ave
Maria, 1 dis to par. West Mariposa, 5-16 to
3-16 die. Golden Mountains, par to 4 prem. Mon-
day next has been appointed settling day by the
Committee of the Stock Exchange for Agua Fria and
West Mariposa Shares.
QUARTER PAST Two.
Consols are again quoted 971 to 4. Mexican
Bonds, 231 to 4.
Great Northerns arc quoted 161 to 171. fevers,
201 to 1. Blackwalls, 71 to 8. Ambergates, 4/ to 5.
TWENTY MINUTEN TO THREE.
Consols are quoted 971 to 4. Three per Cent.
Reduced, 961 to ..i.
London and North Westerns, 1141 to 15. South
Westerns, 831 to 4. South Easterns, 201 to 1.
Midland, 531 to 4. Caledonians, 141 to 131. Great
Northerns, 17 to 4. Blackwalls, 6/ to 7. Great
Westerns, 831 to 1.
Intelligence was received in town yesterday after-
noon by telegraph, of the failure of Messrs. Cabbell
and Co., of Glasgow. The firm are understood to
have carried on extensive dealings in colonial produce,
tallow and iron, and the liabilities are estimated at
from 250,0001. to 400,0001. Owing, however, to the
house having very extensive foreign connections, it
is believed that a large portion of the loss will have
to be borne abroad; but the exact character of the
failure is not yet known.
Notice was to-day issued of the cancelment of 83
bonds of the Peruvian Three per Cent. Loan, amount-
ing to 22,0001. The cancelment was effected by the
Peruvian Treasury between the 7th August, 1830,
and the 31st March, 1851, and is in anticipation of
the regular operation of the sinking fund.
The prices negotiated are as follows :
Time. Prices negotiated.
From To
Amsterdam pert Most 1111. 173sts. ... WI 17/4te.
IMtto
Bottiodara
liambuir sad Altona „ „ rims. 103Mb1. 1 tints 1 loch
Franktort.on-tbe.Maine per EIO „ 12011, Om ... 1215. Okr.
Vienna per X „ 136. Om. .„ 136 30kr.
Trieste
Antwerp
Brum&
Oast „ „ 33rr. 455. ... 23fr. 43e.
Pans „ Snort 23fr. Yee. ... 231 r. 23c.
Ditto „ 3 Months 2Wr. 430. ... 23fr. Me.
Ha -w . ...........
Bardeen& „ „ 25fr. 430. ... 23fr. 30e.
Lyons 99 90 251 r. 460. ... Tifr. 30e.
Maroellim „ „ 25fr. 43e. ... 231 r. 30c.
Naos
NAINoi pee ducat „ 40 peace ... 404 pence
Madrid per dollar „ 49, pence ... 494 pence
(Ida ,, „ 491 pens ... 494 pence
Malaga 493 ponce ... 491 peace
OlbralWr „ „ 491 pence ... 4115 peace
nestle
fsarce4caa. 99 99 49 pence ... 4 pesos
Bilbao
flacon per mane ~ 3. pens .. 51 pence
(Marto „ „ 52i pence ... 32 penes
St. Petersburg per Tubb. „ PI woos . - pence
By last ;Ames the price of gold at Hamburg
is 4284 per mare, which, at the English Mint price
of 31. 17s. 101 d. per ounce for standard gold, gives
an exchange of 13.61; and the exchange at Ham-
burg on London at short being 13.7, it follows
that gold is 0.116 per cent. dearer in London than
in Hamburg.
The rise in the price of silver continues. The bar
silver by the Medway was sold this morning, princi-
pally for shipment to India, at be. Old. per oz.
standard, and the dollars at 4s. 111 d. per oz., being
ea advance of Id per oz on the last quotations.
a from the present aspect of the market and
Wpm.
the •a of political affairs, the improvement is
like to be maintained.
NS GLUM FUN DS.-Tnis DAT.
Bank taxa. no IS 1•011 g Ann... Rica. -
3 we CL Renew& 961 205 loan Stock. 2 0 4
leCt.i Consols. 9M 1 Ditto 1f0uda.1.0001..026. 641.
per Ot. Conw2bams. ,9711 73 1 gicacipiar Itills.t.inus. 201. 645.
for
FOREIGN FUNDS.
41 per CL_Delpan. 13 90 3 per Ci. Mellow 235 I
' C.1`,."111"4 " 7 3 pw Cc Pornriaa,Bl MI
Ditto Dahmer. 41 6
1 pp: SL I. 8,1=4V-7147 60 5 per Ct. Pesesseroe, 1111 3
6 Per ‘l. RelaiL,llo is
, mr CS. Claim. 62 4 ii Per Ci. avadsa, 101 3
per CL Dsinsb. 10) 2 6 per et. MOMS. ketim 11 fill
1 par LI. Peak. 37 $ 3 per CIL ftnalS, M 4011
Nre Ct. POS. m 1)6. M 36
dor, se 90
% Fe CA ram Venesown. 33
',.. Orwinda, 14 16 we. Deterred. 11 13 6
imessiast Pit Clisk, 17 WM

6 b.
6 ix
3 346
3patk
le 4.
4 per Lot
R.
14666d0r.
1 per Ci.