The Express.
London, England, 1853-01-29 00:00:00

MONEY MARKET.

FRIDAY EYPNINO.
The English stock market maintained a firm ap-
pearance during all the earlier part of the day, Con-
sols reaching 99 to but sales, again attributed to
bankers' account, were renewed, and prices fell back.
The closing official quotation was 991 to d for money
and the 10th February, but after the regular hours
the price was called only 99: to I. Money was easy
in the Stock Exchange at 1 to 11 per cent., a fact
which would tend to show that there is in reality no
pressure of stock on the market, and that the specu-
lation afloat has been in the direction of a fall. For
money on call out of doors we hear as much as 21 per
cent. has been given, with from seven to 14 days' notice
prior to withdrawaL Meanwhile, there is no sensible
improvement in the Exchanges ; shipments of gold
to the Continent continue, though not so heavy as of
late; and the exports of coin to Australia are large.
Money, however, is very abundant at the higker
rates.

Annexed are the prices at which business weal
done to-day in the home funds, according to the
, official report :—Three per Cent. Consols, for money,

1991 4, I' • ditto, for account, 991, 1. Three
per 'Cent. Redused, :1004„ 4, 4. Three-and-a-Quar-
ter per Cents., 1031, 1, I, 1, Long Annuities,
1860, 6 7-16. India Stock, 270, 272. Bank Stock,
2271.
Exchequer Bills were rather steadier at 58s. to
6:s. prem. India Bonds, on the other hand, were a
trifle flatter, with transactions at 665., 708., and 71s.
Foreign stocks were generally firm, and Sardinian
land Dutch Fours attained an improvement. Spanish
stocks are also better, and the demand fur the Com-
mittee's Certificates continues. Another article has
appeared in the Madrid Herald() strongly in favour
of the recognition of these vouchers. Mexican bonds
are steady, and Ecuador show an improving ten-
dency. Turkish scrip and Granada Deferred, on the
other hand, are flatter. The day's sales arc thus re-
corded :—Brazilian Five per Cent. Bonds, 1829 and
'1839, 1021. Dutch Four per Cent. Certificates, 981,
971 98, 971, 981. Ecuador Bonds, 51. Granada
Deferred, DI, 1. Mexican Three per Cents., for
account, 14th February, 23. Peruvian Six per Cents.,
1021, 31; ditto, Deferred Three per Cents., 621, 615,
63. Sardinian Five per Cents., 941, 93, 94'i, 95.
Spanish New Deferred Three per Cents., 221, 1; the
Committee's Certificates, 61, per cent.
Scotch journals state that the Glasgow banking-
houses have followed up the measure of the Bank of
England by raising their discount 1 per cent. Scotch
tills at four months and under are charged 4 per
cent., 43 per cent. being charged for longer periods.
London paper is discounted at 3 per cent. under these
rates—viz., 3; per cent. up to 4 months, and 4 per
cent. for longer dates. 'lbis increase in the rate of
discounts has not as yet been accompanied by any
corresponding increase in the interest allowed on de-
posits and current accounts, which in the meantime
remains as before.

At Hamburg, by to-day's letters, discount ruled at
21 to 2; per cent. only. Funds and shares were
firm.

Australian Agricultural shares were again rather
better to-day, reaching 244, and closing with buyers
at 240. Ex the new shares the price is 85 to 90.
Bank of Australasia shares were 1.3 higher, at 80 to
82. Union Bank of Australia left off 73 to 74, ex
the dividend, after making allowance for which a
rise on yeaerday's price is shown. Dealings have
also taken. place as follows : Commercial Bank
of London, 30i ex. div.; Oriental Bask Corporation,
48! ; Victoria Docks (21. paid) new shares, 31;
General Screw Steam Shipping, 51i, 52, 53; North
British Australian Land, 21, I; Peninsular
and Oriental Steam, 87; ditto (ni. paid), 51; Scot-
tish Australian Investment Company, 3.
In a circular issued by Messrs. Cammann and
Whitehouse, of New York, attention is drawn to the
appreciation that has taken place in the market value
of United States railway bonds and shares during the
year 1852, which is attributed to the increased de-
mand for these investments on the part of both
foreign and domestic capitalists. To show the ex-
tent of the rise the subjoined statement is afforded,
which, as including the descriptions chiefly held on
this side of the Atlantic, will be interesting :
Dividvtids.
Now Tork and Erie Beads, lit mortgage 109 111
Ditto ditto 2ad ditto
MG) ditto ',hares SO 91 7 leer rent.
Philadelphia and Reading Bonds, lot anortg to so

. - ,
-
Ditto ditto shares 57 89 1 : diPetrutrk.
Cortina River Bonds, let mortgage lO3 109
Ditto ditto 2nd ditto 93 101
Michigan Central Bonds, 1860
Ditto ditto shame 93 106 8 per cent.
itichigan Southern Bonds, DG2 B9 101
Ditto ditto shares 97 In 10 ter cent.
Cleveland. Columbus, and Cincinnati Bonds 101 118
Little Miami ditto ditto
Ohio and Pennsylv.inia Bonds
New York and New Haven. shares
Rochester, Lockport and Niagara Falls Bonds 100 112
Ditto ditto ditto ahaes 95 112 7 per ant
Macon od Western, shares .... B7 108 8 per cent.
- -

In the market for foreign exchange, to-day, the
rates current were much the same as those of last
post, and business, as usual at this period of the
year, was very quiet. The rate for three months
paper on Paris was just a shade higher, but Frank-
fort was rather lower. Generally, few bills were
offered, and the change in prices was unworthy of
notice. Our usual list of the prices negotiated is SI
follows:
Male. Prices u negotiated this day,.
Bilk and Y. Money.
lie. ... 1111. 174eter.
Alit. Note. .. I Id. Is ate.
„ laistv.... Ild. lain%
Antwerp„ „ 25fr. 23 25fr. Su e.
Brussels
Ramberg and Altana , „ lames. 31 Mal. :hoc* 6 acb.
it. Petersburg per retie " 31+4 canoe ... 331 pence
Paris par g Short 251 r. Sc. 25fr. 07 ie.
Ditto „ 3Moaths23fr. 23fr. 30c.

Amsterdam per S Shat
Ditto
•

s/ c.
3!. Y)+c. ... YSIF. 30.

rdoidiet.ca-thealalne Yer CIO ~ 119111. kr. ... 119, 4. kr.
diellok ("active) per .0 i, 1111. Okr. ... 11d. 2kr.
WO* . 11d. Ocr. ... 1 Ifl. 2kr.
Madrid per Dollar ~' 60( pence ... IQ pence
GAIL so to iii "me ••• sin :cum
SOW
ilaredia .., a 50e Pm* ••• 50 Prue
tUa n c• Pena ••• 30 peas
n, ill Peers ••• 30 peace
Gibraltar race
lagitern
eiglia
Wate per ducat ~ 411 pence ... 41i pence
per ounce ~ 1244 peace ... 1244 pence
124) pesos ... 1244 ;enc.
Lisbon per milret 90 dap date 53 pence .. 331 pence
Olorrto
The price of gold, yesterday, at Paris was about
3 per mile prem. (new tariff rate), which, at the
English Mint price of 31. 17s. 101 d. per ounce for
standard gold, gives an exchange of 25.221; and the
exchange at Paris on London, at short, being 25.05,
it follows that gold is about 0.695 per cent. dearer in
Paris than in London.
Ily to-day's advices, the price of gold at Hamburg
is 4251 per mare, which, at the English Mint price
of 31. 17s. 100. per ounce for standard gold, gives
an exchange of 13.31; and the exchange at Hamburg
on London, at short, being 13.31, it follows that gold
is about 0.938 per cent. dearer in Hamburg than in
London.

According to the last accounts, the course of ex-
change at New York on London for bills at sixty
days sight is 109:1 per cent., and the par of exchange
between England and America being 109.23.10 per
cent., it follows that the exchange is nominally 0.0.3
per cent. in favour of England. After making
allowance for difference of interest and charges of
transport, we find that the present rate leaves no
profit on the importation of gold from the United
States.

The quotations of stocks at Amsterdam on
Thursday are thus reported byMr. Reuter's telegraphic
express:—Dutch Four per Cent5.,,944; ditto, Two-
and-a-Half per Cents., 64 9-16; Spanish Deferred
Three per Cents., 22 9 -16 ;,Mexican New, 234 ; Por-
tuguese New, 3713-16; Austrian Fire per Cent.Metal-
lies, 811. At Vienna on Thursday the Five per Cent.
Metallies were quoted 91Z, and exchange on London,
10.46.

The Bank of England return for the week ending
Saturday, the 22nd January, is as follows :
BANK OP ENULAID.—Actovar fur the week ending Jan.:', 1553.
o&P•LTVIIIT.
Nolo Yaw)

Govunancnt Debt— £141:1'4.10u
Other Necuritl?....... 2.941.90
Odd Coln and Bull:on 18,60>,R

e~nr suiaoo -----

V 2.918,040

M,040

Prot:Astor.' Capital ... ni
Best .......... .. 3.214.94
Public Depodialbacial .
Ootaligidn:ll dor Ilan6tio
Debi, and Dm. Acct..) 4 'Y.4 754
Jther Dopro4ul . ..... 13:;•27:4,37
kmealsruado4ber 1.4.3d,am
437.932,2'i;

‘.7.7.;t75i0t Reuribee
dtkelud.Desd Weight
Asnuil .113X.V.407
Utberdeentyntles
Notes
ash! and &Ter ( 4L,•4v.;,17.•

4:37
MARSHALL. Chief Ca.tavr.
The above return, when compared with that for
the week preceding, exhibits the following results:
Circulation issue
Circulation active 23,471,475 Decrease 1!)
Public deposits 4,938,754 Increase fIS,S76
Other deposits
Geremment securities in
banking department..,, 13,830,407 Decrease 10,359
Other securities in banking
department
Coin and bullion in both

Jac. !T. 1853.

departments --
Seven day and ether bills
The Rest
The Reserve

19,404,919 Increase 217,371
1,438,699 Decrease 9U, '6
3,211,206 Increase .1,328
9,931,144 Increase 414,007

The differences exhibited in this retnrn, as con-
trasted with the preceding one, aro not great, in a
numerical point of view. The increase in the bullion
has been already explained by us. The increase in
the "other," or private securities—an item the course
of which will be watched with interest—is very
slight. In the week embraced the payments to divi-
dend receivers had almost ceased, and the item of
public deposits has consequently begun to increase
again. The Bank, it appears, has arain effected a
small diminution of its stock of government secu-
rities.

The shipments of coin to Australia appear
to be brisker than for some time past. In ad-
dition to shipments to the amount of 173,5001.
recorded in the Express of Thursday there
have been exports this week to tho extent of
no less than 120,0001. by tho limit, and of
23,0001. by the Caroline Chisholm, both for Port
Phillip. .I'he Kent is one of Messrs. Wigram and
Co.'s ships, and carries out probably the largest
quantity of sptcie on freight ever despatched to
Australia by a sailing vessel.
The settlement of the railway share account was
satisfactorily concladed to-day. Stock was freely
delivered, and it is a fact of some interest that a con-
siderable portion of it appeared to come from
pawned sources. This confirms the statements wo
had previously made.
We understand the total dividend for the past
year on the shares of the Northern Railway Com-
pany of France is fixed at 4.1 fr., including interest
and bonus. At the top price of ;i, which these
shares attained for a moment today, this dividend
would yield W. 3s. 61. to the purchaser, taking tho
Paris exchange at 23 fr. Tlns is not to be consi-
dered a tempting rate of yield, considering the de-
gree of uncertainty, political and otherwise, attaching
to all French investments.

A good deal of speculative attention is still directed
to the iron market, but the price does not fluctuate
much. The present quotation fur pig is Gls. to 635.

THIS DAY—Two o'CLocst.
The stock markets have seldom presented so dull
an appearance as to-day, there being not the slightest
movement in any department. Consols do not rally
from the depression of yesterday afternoon, having
ruled throughout the day rather flat, at 9 to for
money and account The Three per Cents. Reduced
mark 1001 to ; the Three-and-a-Quarter per Cents.,
1031 to Z ; Bank Stock, 2271 to 22s ; India Stock,
2711; Exchequer Bills, 575. to 61s. prem.
In the foreign bond market business is similarly
limited, and prices are in most cases nominally un-
altered. Russian and Sardinian Bonds are firm.
Russian Fives mark 120; ditto Four-and-a-Half per
Cent., 1031 ; Sardinian, 943 ; Spanish New Deferred,
22.1 to 1 ; the Committee's Certificates, 3 per cent.;
Swe-lish Loan, 2 dia.; Equador Bonds, 5,1 to 1;
Mexican, 23; Buenos Ayrean, 67.

COMMERCIAL AND MARKETS.
WEEKLY SUMMARY OF THE PRODUCE

MARKETS.

MINCINO-LANB, SATURDAY MORNING.
In the colonial markets there 1.1-,s been more disposition
to operate generally, and in some instances improved rates
have been obtained. For the refining descriptions of Sugar,
both British and foreign, there has been a good demand,
and full rates, to GI per cwt. advance, have been realised
for these kinds, as well as for some of the fine grocery de-
scriptions, but Benares and grainy sorts have not been sale-
able at former rates. The public sales of Coffee have not
been large, but privately several sales have been made,
chiefly of the native kinds of Celon, which have advanced
Is. per cwt. Pimento has risen id. to Id. per lb. The quar-
terly sales of Cinnamon are to be held on the list inst. they,
comprise about 1,60 a bales of Ceylon. The Tea market still
wears a firm appearance, notwithstanding the unusually
large amount put forward for sale out of the late arrivals.
.7.
SMITHFIELD HAY MARKET.—THIS DAY.
Mr. E. J. Davis reports a short supply, at the following
quotations:—Prime meadow Hay, 80.. to 8.55.; inferior,
61:. to 755.; Rowen, 45e. to fills.; Clover, 90s. to 1003.;
second cut, 70s. to 90s. ; Straw, 275. to 30s.

TALLOW MARKET.-THIS DAY.
The market is quiet, with but little doing speculatively.
The delivery yesterday was rather better, being 509 cask;
and the trade is buying on the spot more Ereet7.
Town Tallow is quoted 445. nett cash ; Petersburg Y.C.
on the spot, 455. ; February to March, 41e. 9d.; October
to December (new), 445. 9d. to 451.
MAIMET AIIERAGES.—Town fallow, 465. Gd. ; Fat 1
ditto, 2s. ; Yellow Ru.sian 465. GI. ; melted Stu,
345. W.; rough ditto, 225. 6d. ; Tallow Graves, Ils. ; good
Dregs, 6s.

COVENT GARDEN.-THIS DAY.
The market is well supplied with Vegetables, but Fruit
scarce, more especially table Pears. Hothouse Grapes
are also over. The supply of Pine Apples is pretty well
kept up. Apples are getting scarce. Cob and other Nuts
are realising fair prices. Both Seakale and Ithabarb aro
now t,,lerably abundant, and Asparagus is becbmin; more
plentiful and good. Potatoes have not altered in value
since our last report. Mushrooms are scarce. Cut Flowers
consist of Heath., Primulas, early Tulips., Hoses, Migno-
nette, and Camellias.